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
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Bankruptcy Bill Likely to Become Law
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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
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House Subcommittee Examines Constitutional Limits on Privacy
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Bankruptcy is a booming business - The outlook turns gloomy on a national level, but in Delaware the courts are thriving
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The Deeper Dangers of Corporate Bankruptcy
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Criimi Mae Asks Court To Extend Reorg Plan Effective Date
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Dotcoms:

eToys, Offering $1 Million Bonus to Execs, Mulls Severance Cuts
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Dot-commers go home
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CyberCash Files Chapter 11
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Landlords struggle with dot-com office space shakeout
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Judge Appoints Receiver, Orders Seizure Of Porn Web Site Sex.com Assets

J&J buys eToys' BabyCenter.com
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EToys' Dramatic Fall to Bankruptcy
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The Silver Lining of High Spending Dotcom's Bankruptcy? Defunct Firm's Lease Renovations May Help Site
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Dot-Com Retailers Get The Axe This Week
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Heilig-Meyers Seeks Court Nod To Auction 100 Store Leases
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Asheboro, NC: School builder Sigma Construction goes bust
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Sunbeam Disclosure Statement Values Company At $1.08 Billion
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Montgomery Ward:

Wards spots reportedly draw interest
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Kimco, Simon Property Win Rights for Montgomery Ward Properties
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Stores owned by ex-gov Wilkinson move cases from Delaware to Ky.
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Movie Theater Industry:

Movie exhibitors gather amid shifting entertainment landscape
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Boeing hopes digital cinema technology plan flies

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Crown Vantage Completes Sale of Substantially All of Its Specialty Business
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Continental Basketball Association: A League's Untimely Demise
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When your HMO or IPA goes bankrupt
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  Power Utilities:

California Governor to Announce Signing of New Power-Supply Contracts
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Bankruptcy Designed to Keep Things Going
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California Dreaming: Trouble ahead for states that copied California's energy deregulation
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Wuz We Robbed?
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Calif. Municipalities Mull Power Business
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Ailing Utility PG&E Gets $1 Billion Loan From GE Capital, Lehman
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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
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Power Crisis: Give Us Facts
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California Energy Deals
Could Fall Short at Peak
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Los Angeles DWP's Escape From Current Energy Crisis Is a Quirk
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SoCal Ed, CPUC To Meet In Fed Court Monday On Power Suit
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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
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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

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Large international bingo products supplier files for bankruptcy - again
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Bankrupt Sunlite shaky despite state incentives

Orienta, OK: Charges filed in alleged fraud scheme at bankrupt co-op
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Telecoms:

Banks Wince at Looming Telecom Debt Worries
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Final Analysis Jumps Into Orbcomm Auction
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Telecom execs reach out to Fed
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Amid Investor Lawsuits, Globalstar Celebrates
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Grand Union Completes Sales
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Payday Loans: Clamp Down on Debt Treadmills
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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
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Elderly care put to test

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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
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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
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L&H Seeks Debt Relief Through Sale
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Lernout & Hauspie Co-Founder Lernout Steps Down as Technology Chief
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TWA:

Machinists will not consider backing Icahn bid for TWA

More Bidders Emerge for TWA
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Washington Group:

Washington Group Blames Cash Crunch on Acquisition of Raytheon Unit
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Boise builder Washington Group faces bankruptcy
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Washington Group Says Faces 'Near-Term Liquidity' Problems
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Blaming Raytheon Deal, Contractor Warns of Bankruptcy
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Buyer of unit sues Raytheon
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Taiwan:

Taiwan's Bad Bank Debt Starting to Raise Concerns
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Korea:

Hyundai Engineering Signs LOI To Sell Headquarters
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Korean Industrial Development's Bankruptcy Deepens Hyundai's Trouble
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Daewoo Motor Reportedly to Cut Costs by $788.4 Million This Year
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Hyundai Family Feud Brings Disaster to Subsidiary
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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

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Japan:

Japanese Towns Discover Bankruptcyland
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Economic Reality Hits Japan's Land Of Make-believe
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Palestine:

Down and out in Palestine
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US To Israel: Economy Hinders Peace
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England:

Big boys settle up as small firms call time on their bills

Railtrack fails to find a chairman
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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.