May 11, 2001 Daily Bankruptcy News

May 11, 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

Power Utilities: Calif. Governor Signs Power Bond Bill (DBN Subscription Required) Power Rescue Plan Rests on Many 'Ifs' (DBN Subscription Required) Time to Give Some of the Power Players a Haircut (DBN Subscription Required) Bush, Rivals Don't Dare Ask Public to Make Sacrifices in Energy Crunch (DBN Subscription Required) California's summer power problems (DBN Subscription Required) Edison: Plenty of Pain, Plenty of Blame (DBN Subscription Required) Delay means state will miss prime time for energy bond sale Generators silent on Davis plan / He offers lower compensation to stave off Edison bankruptcy State leaders consider scheduled power blackouts (DBN Subscription Required) US House Panel Approves Calif. Power Bill (DBN Subscription Required) Consultant Predicts Major California Job Losses as a Result of Blackouts (DBN Subscription Required) House Committee Rejects Electricity Price Controls (DBN Subscription Required) Davis plan to bail out utility faces fight in Legislature (DBN Subscription Required) Power plant owners want end to PG&E contracts Davis struggles as Calif. energy plan founders (DBN Subscription Required) PG&E wants consumers banned from its bankruptcy California Official Says Electricity Rate Increases Will Continue (DBN Subscription Required) Power plant owners want end to PG&E contracts PG&E fights consumer committee / Obstruction feared in bankruptcy case California Bets the House on Energy Savings (NYT: separate free registration required) Nonprofit Shrugs at Pleas to Conserve (DBN Subscription Required) ______________ Rankin Automotive shutters 14 stores over bankruptcy Washington Group Lines Up $300 Mln to Prepare for Bankruptcy (DBN Subscription Required) Senate Bill Would Ban Sale, Display Of Social Security Numbers (DBN Subscription Required) Court approves sale of Vlasic units (DBN Subscription Required) US Consumer Loan Quality Worsened In 1Q 2001 (WSJ: separate paid subscription required)	Friede Goldman: Friede Goldman Halter Resumes Work On Car Carrier (DBN Subscription Required) Friede calls back about 300 workers (DBN Subscription Required) Friede starts work on Pasha project and plans construction of new vessel (DBN Subscription Required) ________________ Telecoms: Telecom Debt Debacle Could Lead To Losses of Historic Proportions (WSJ: separate paid subscription required) Telcos In Too Deep (DBN Subscription Required) Teligent To Cut 900 Jobs, May File Bankruptcy By Monday (DBN Subscription Required) PSINet May Have to Pay Ex-CEO Millions (DBN Subscription Required) BBO Files for Bankruptcy Protection (DBN Subscription Required) Vitts pulls plug on remaining customers (DBN Subscription Required) Bankruptcy court okays US Wireless acquisition of Darwin Picus auction proves disappointing (DBN Subscription Required) ______________ AHERF: Pennsylvania AG Fisher Says Former AHERF Chief Abdelhak to Face Trial That He Raided Hundreds of Charitable Endowments (DBN Subscription Required) Ex-AHERF executives heading to trial on misuse of funds - Charges dropped against third executive Allegheny ex-chief to stand trial, judge rules (DBN Subscription Required) Anatomy of a Bankruptcy: Introduction: Hear no evil, see no evil Part 1: Wake up to break up Part 2: Think globally, look locally Part 3: Full steam ahead Part 4: Running on the edge Part 5: Burning down the house Part 6: Last dance Lifeline for an institution ________________ American Appliance: Shoppers get say in chain's court case (DBN Subscription Required) Customers make their case against bankrupt American Appliance (DBN Subscription Required) ______________ Bankruptcy filing doesn't wilt local flower shops - Gerald Stevens to scale back, reorganize chain (DBN Subscription Required)	New Bankruptcy Opinions (2 new opinions today) Bankruptcy Reform: Grassley May Have Key To Stalled Bankruptcy Bill (DBN Subscription Required) _______________ Junk bonds miss out on corporate bond party (DBN Subscription Required) Asbestos smothers USG's dividend (DBN Subscription Required) Mad, sad world for MarchFirst ex-CFO, bank (DBN Subscription Required) Video Update debt sold to competitor Bankruptcy applications in N.J. on rise (DBN Subscription Required) Movie Theater Industry: Regal Cinemas nears Chapter 11 (DBN Subscription Required) Theater firm OKs Anschutz revival plan (DBN Subscription Required) Edwards Agrees to Deal With Anschutz (DBN Subscription Required) Edwards pictures bankruptcy escape (DBN Subscription Required) ______________ Out of work, out of pay -- out of luck? Employees of bankrupt Pilot Network Services face an uphill battle Fruit Of The Loom Committee Can Renew Withdrawn Examiner Request (WSJ: separate paid subscription required) eNucleus Seeks To Continue Operations Under Chapter 11 Protection (DBN Subscription Required) Contractor ask for foreclosure of lien on Regent Casino (DBN Subscription Required) Students beware: Easy credit, drowning debt (DBN Subscription Required) Bankrupt aviation firm faces possible shutdown (DBN Subscription Required) Global slowdown, corporate abuses mean more defaults, agency says (DBN Subscription Required) Canada: Bad news is good news for liquidator (DBN Subscription Required) Livent: a bean counter scandal (DBN Subscription Required) ______________ Korea: GM and Fiat near Daewoo deal (DBN Subscription Required) ________________ Weather Forecast: Enter City, State, or Zipcode: