June 8, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Power Utilities:

PG&E Defends Request for Bonuses
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California Utility Vows to Repay All Creditors with Interest
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PG&E Utility Still in the Red
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California Gets a Reprieve as Power Prices Fall
(NYT: separate free registration required)

Calif Digging Out of Power Debacle
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Creditors hear PG&E's bonus defense - Executives say retention is critical to smoothing bankruptcy process

Calif regulators delay vote on back power payments
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Hastert Against Energy Price Caps
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PG&E's Utility Meets Creditors Over Bankruptcy Reorganization
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Creditors to meet on PG&E

No free fall seen for N.Y. utility credit Reserves, contracts should prevent California-type crisis
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Legislators considered acquisition of PG&E

Voltage-reduction project may stave off blackouts
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Telecoms:

PSINet sells Latin American operations
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NEON Communications Describes Fiber Optek News Bankruptcy-Related as Materially Misleading
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PSINet: Deal to resolve ISP outage
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Teligent Announces Delisting From the Nasdaq National Market
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PSINet reportedly closing Oklahoma City office
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Hilco Capital LP Announces $15 Million DIP Credit Accommodation To Zany Brainy, Inc.
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  Finova creditors set to OK new GE bid
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Steel:

The high cost of protecting steel
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Bush treads fine line on protecting US steel industry
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Slowdown fuels US steel aid
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Bankruptcy Providing Little Relief to Cash-Strapped Companies, Experts Say
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Bankruptcy Reform:

A Kinder, Gentler Bankruptcy Bill?
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Hastert Cautions Bush on House GOP, Predicts Bankruptcy Reform Will Be One Of First Tests
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Bankrupt MicroAge Prepares for Auction
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Economy:

Expert sees little recovery well into 2002
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Jobless Claims Hit a Nine-Year High
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Use of Credit Rose Sharply During April
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More innings coming in baseball team bankruptcy case
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Braintree, MA: Olympus Seeks Protection
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Accounting firms mine growing niche in forensics 

Restructuring . . .

Reuters to Lay Off 500 Employees
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Disney to Cut 1,000 Jobs
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New Bankruptcy Opinions
(3 new opinions today)

Washington Group defends bankruptcy venue - Shareholders question choice of Nevada court
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Dotcoms:

The Dot-Com Kevorkians

Dotcom crisis spreads as sport casualties mount up
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Many CyberRebate.com devotees left in the lurch
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Dot-com die-off quickens - Last year's casualty total already passed

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Aerovox:

Aerovox Announces Bankruptcy Filing
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Providence R.I.-Area Electronic Parts Maker Files for Bankruptcy Protection
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ASD Announces Bankruptcy Reorganization Efforts
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L&H gets green light from creditors to chop itself up

HILCO Outbids a Consortium of Competitors to Manage Sale of Assets of McWhorter's
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US regulators seek information from Reuters on Bridge

Borough extends 18-day reprieve on bankrupt Gateway Forest loan
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Germany:

Crisis talks in bankrupt Berlin
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Japan:

Japan's Economy Worsens
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.