March 6, 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

         
US Office Products:

US Office to sell last assets
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U.S. Office Products Files For Chapter 11 Bankruptcy
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UPS Picks Up Mail Boxes Etc
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US Office Products files Chapter 11, plans sale of subsidiary assets
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U.S. Office Products Owes United Stationers $26 Million As Of Today
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Buhrmann To Acquire Unit Of U.S. Office Products For $250 Million
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Buchanan Ingersoll opening Delaware office
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Universal Forest Products To Buy Kevco Manufacturing Unit
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Legend Airlines:

Legend leaves lasting legacy at Love Field
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Start-Up Carrier Legend Airlines to Surrender Operating Certificate
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Legend Air Loses FAA Certification
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Sunbeam Wins Final Court Approval of $285 Million Financing Pact
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Paracelsus Healthcare Corporation Reports Status of Chapter 11 Confirmation
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Paul Harris:

Paul Harris Can't Get Funds for Reorg
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Bankrupt retailer to close remaining stores
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Lernout Plans to Resume Daimler Talks
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IRS Undertakes Probe of Offshore Trusts
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Dark Days for Detroit's Suppliers
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Federal Mogul:

Lehman cuts Federal-Mogul - long term viability questionable
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Federal-Mogul Dn: Asbestos Litigation Weighing
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Government Bankruptcy Attorney On Short List For Washington State U.S. Attorney
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Stan Lee Media Gets Delisting Warning From Nasdaq
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Economy:

Services Up, Manufacturing Outlook Bleak
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Job Cut Announcements Soar in Feb.
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Dotcoms:

Dot-Com Diary: Dot-com blues
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Unable to find financing, CyberCash files for bankruptcy
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Etoys Suffered Fiscal Ills From Growing Up Too Fast
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Philadelphia: Prima Facie files Chap. 11 to aid sale
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  TWA:

Objections To The Proposed Sale
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Worldspan Says Galileo International Bid 'Without Merit'
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Group Offers Alternative to AMR for TWA
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Freeman Group Submits Plan for TWA
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TWA to study Icahn's late bid
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Bid would keep TWA aloft - Airline officials say $655 million offer too late for first auction
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TWA Weighs Independent Funding, Takeover Options
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Icahn-backed $650 mln bid prompts TWA to postpone decision
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Rival bidder for TWA predicts American win
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TWA Auction to Continue Wednesday; American's Offer Remains Only 'Competing' Bid
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TWA May Land With Icahn - Buyout group's 650M bid tops AMR, but union balks
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American Airlines Likely Buyer for TWA
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TWA Lawyers Discuss AMR Bid
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Worldspan Decries Galileo Over Bid
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TWA Workers Dispute Ending Israel Route
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Power Utilities:

Pwr Generators: PG&E $1 Billion Loan Use Won't Affect Receivables
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California utilities stiff ISO $1.25 billion for December bills
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Cal power deals lacking
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Duke Agrees on Calif. Power Contracts
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Calif. Signs 40 Long-Term Power Contracts
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California power crisis brings wider worries for IPPs

Angelides Makes Right Moves in Power Crisis
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Tax Cuts for Utilities Hurt School Funding
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Senate committee approves bill to extend SDG&E rate freeze
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Talks to Continue for Energy Crisis Solutions
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B&C Investments Group Lowers Heilig-Meyers Stake To 9.8%
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Lawsuits aim at former U.S. Interactive officers
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Lender files to sell Artech equipment

Big bingo products supplier files for bankruptcy
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Raytheon Sued Over Deal

Laclede Steel's woes continue; sales down 14%: Company notifies lenders it may violate some financial covenants
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Florida: Virtacon files for bankruptcy court liquidation
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New Bankruptcy Opinions
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Bankruptcy Reform:

British insurer hires Dole to make case against bankruptcy rule
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Homestead Exemption an Issue with Bush Administration
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The real quid pro quo in Washington
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Bankruptcy reform could finish firms Experts: Businesses that could recover won't if bill passes
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U.S. Bankruptcy Bill Would Help Consumers, Pennsylvania Republican Says
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Corporate Donors Seek Return On Investment in Bush Campaign
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Senate Starts Work on Bankruptcy Overhaul
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Finova's Two Top Executives Step Down in Wake of $6 Billion Bailout
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Stipulated Order Releases Nord Rabbi Trust Assets
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Raleigh/Durham: Lack of leaders killed Athey
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LTV:

LTV Steel gets financing
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LTV Corp. Gets $700 Million DIP Financing
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LTV Steel Company May Cease Payment of Pensions to Retired Workers
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Telecoms:

Banks Wince at Looming Telecom Debt Worries
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Advanced Communications Technology Expected To Get Bankrupt Orbcomm
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Can Satellite Services Survive In A Wireless World?
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Movie Theater Industry:

Getting the picture: Theaters splice together new script after overbuilding, bankruptcies
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Restructuring . . .

Xerox Wants Out of Fuji Venture
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Canada:

Bankruptcy overseer struggles - Could face shortfall
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Montreal Trust Files Notice Against Redekop Properties
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Health Care Unit Lays Off 200 More
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Korea:

Six Banks Agree to Guarantee Hyundai Engineering's $400 Million Loan
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GM Still Interested in Daewoo if Restructuring Progresses
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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 

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