March 5, 2001 Daily Bankruptcy News

March 5, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm

Bankruptcy Reform: GOP control of Senate is an illusion - Bankruptcy reform is an example (DBN Subscription Required) Bankruptcy Bill Likely to Become Law (DBN Subscription Required) Lloyd's of London CEO to Lobby Against Bankruptcy-Bill Provision (separate paid subscription to WSJ required) Bankruptcy bill makes it harder to escape debt (DBN Subscription Required) House Subcommittee Examines Constitutional Limits on Privacy (DBN Subscription Required) ____________ Bankruptcy is a booming business - The outlook turns gloomy on a national level, but in Delaware the courts are thriving (DBN Subscription Required) The Deeper Dangers of Corporate Bankruptcy (NYT: free registration required) Criimi Mae Asks Court To Extend Reorg Plan Effective Date (DBN Subscription Required) Dotcoms: eToys, Offering $1 Million Bonus to Execs, Mulls Severance Cuts (DBN Subscription Required) Dot-commers go home (DBN Subscription Required) CyberCash Files Chapter 11 (DBN Subscription Required) Landlords struggle with dot-com office space shakeout (DBN Subscription Required) Judge Appoints Receiver, Orders Seizure Of Porn Web Site Sex.com Assets J&J buys eToys' BabyCenter.com (DBN Subscription Required) EToys' Dramatic Fall to Bankruptcy (DBN Subscription Required) The Silver Lining of High Spending Dotcom's Bankruptcy? Defunct Firm's Lease Renovations May Help Site (DBN Subscription Required) Dot-Com Retailers Get The Axe This Week (DBN Subscription Required) ______________ Heilig-Meyers Seeks Court Nod To Auction 100 Store Leases (DBN Subscription Required) Asheboro, NC: School builder Sigma Construction goes bust (DBN Subscription Required) Sunbeam Disclosure Statement Values Company At $1.08 Billion (DBN Subscription Required) Montgomery Ward: Wards spots reportedly draw interest (DBN Subscription Required) Kimco, Simon Property Win Rights for Montgomery Ward Properties (DBN Subscription Required) _______________ Stores owned by ex-gov Wilkinson move cases from Delaware to Ky. (DBN Subscription Required) Movie Theater Industry: Movie exhibitors gather amid shifting entertainment landscape (DBN Subscription Required) Boeing hopes digital cinema technology plan flies ___________ Crown Vantage Completes Sale of Substantially All of Its Specialty Business (DBN Subscription Required) Continental Basketball Association: A League's Untimely Demise (DBN Subscription Required) When your HMO or IPA goes bankrupt (DBN Subscription Required)	Power Utilities: California Governor to Announce Signing of New Power-Supply Contracts (DBN Subscription Required) Bankruptcy Designed to Keep Things Going (DBN Subscription Required) California Dreaming: Trouble ahead for states that copied California's energy deregulation (DBN Subscription Required) Wuz We Robbed? (DBN Subscription Required) Calif. Municipalities Mull Power Business (DBN Subscription Required) Ailing Utility PG&E Gets $1 Billion Loan From GE Capital, Lehman (DBN Subscription Required) PG&E Dickering With Governor Over Price for Its Power Lines Democrats Seek to Force Calif Utilities to Repay BPA Even If They File Bankruptcy (DBN Subscription Required) Power Crisis: Give Us Facts (DBN Subscription Required) California Energy Deals Could Fall Short at Peak (separate WSJ paid subscription required) Los Angeles DWP's Escape From Current Energy Crisis Is a Quirk (DBN Subscription Required) SoCal Ed, CPUC To Meet In Fed Court Monday On Power Suit (DBN Subscription Required) PG&E to Pay Creditors 15 Cents on the Dollar Many say they'll be driven bankrupt State Has Its Eye on Utilities' Sierra Lands (DBN Subscription Required) PG&E gets loan, pays dividend - Utility's parent company reportedly gives green light for sale of transmission lines to the state Edison Int'l says unit missed $711 mln payments ______________ Large international bingo products supplier files for bankruptcy - again (DBN Subscription Required) Bankrupt Sunlite shaky despite state incentives Orienta, OK: Charges filed in alleged fraud scheme at bankrupt co-op (DBN Subscription Required) Telecoms: Banks Wince at Looming Telecom Debt Worries (DBN Subscription Required) Final Analysis Jumps Into Orbcomm Auction (DBN Subscription Required) Telecom execs reach out to Fed (DBN Subscription Required) Amid Investor Lawsuits, Globalstar Celebrates (DBN Subscription Required) ________________ Grand Union Completes Sales (DBN Subscription Required) Payday Loans: Clamp Down on Debt Treadmills (DBN Subscription Required) Nursing Home Industry: With One Of The Nation's Highest Percentages Of Nursing Home Bankruptcies, New Hampshire Legislators Consider Studying Problems Facing Industry Nursing homes a gold mine for lawyers (DBN Subscription Required) Elderly care put to test ______________ Asbestos Litigation Continues to Grow As Suits Widen Net for Deeper Pockets (separate WSJ paid subscription required) Rudy Guliani: Fugazy Pardon For Bankruptcy Fraud Is OK (DBN Subscription Required)	New Bankruptcy Opinions (2 new opinions today) FAQ: Tired Of Having To Type In Your Password Repeatedly? Lernout & Hauspie: New L&H chief forces out co-founder Jo Lernout (DBN Subscription Required) L&H Seeks Debt Relief Through Sale (DBN Subscription Required) Lernout & Hauspie Co-Founder Lernout Steps Down as Technology Chief (DBN Subscription Required) _______________ TWA: Machinists will not consider backing Icahn bid for TWA More Bidders Emerge for TWA (DBN Subscription Required) _____________ Washington Group: Washington Group Blames Cash Crunch on Acquisition of Raytheon Unit (DBN Subscription Required) Boise builder Washington Group faces bankruptcy (DBN Subscription Required) Washington Group Says Faces 'Near-Term Liquidity' Problems (DBN Subscription Required) Blaming Raytheon Deal, Contractor Warns of Bankruptcy (NYT: free registration required) Buyer of unit sues Raytheon (DBN Subscription Required) ______________ Taiwan: Taiwan's Bad Bank Debt Starting to Raise Concerns (DBN Subscription Required) _____________ Korea: Hyundai Engineering Signs LOI To Sell Headquarters (DBN Subscription Required) Korean Industrial Development's Bankruptcy Deepens Hyundai's Trouble (DBN Subscription Required) Daewoo Motor Reportedly to Cut Costs by $788.4 Million This Year (DBN Subscription Required) Hyundai Family Feud Brings Disaster to Subsidiary (DBN Subscription Required) _____________ Australia: Bankruptcy not a dirty word Taxing times as trusts trip the Treasurer Bankrupt QC ready to deal on tax debt Rude interruption to a silky-smooth life The practice _____________ Japan: Japanese Towns Discover Bankruptcyland (DBN Subscription Required) Economic Reality Hits Japan's Land Of Make-believe (DBN Subscription Required) _____________ Palestine: Down and out in Palestine (DBN Subscription Required) US To Israel: Economy Hinders Peace (DBN Subscription Required) _____________ England: Big boys settle up as small firms call time on their bills Railtrack fails to find a chairman (DBN Subscription Required) ___________ Weather Forecast: Enter City, State, or Zipcode: