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
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Power Rescue Plan Rests on Many 'Ifs'
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Time to Give Some of the Power Players a Haircut
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Bush, Rivals Don't Dare Ask Public to Make Sacrifices in Energy Crunch
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California's summer power problems
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Edison: Plenty of Pain, Plenty of Blame
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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
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US House Panel Approves Calif. Power Bill
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Consultant Predicts Major California Job Losses as a Result of Blackouts
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House Committee Rejects Electricity Price Controls
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Davis plan to bail out utility faces fight in Legislature
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Power plant owners want end to PG&E contracts

Davis struggles as Calif. energy plan founders
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PG&E wants consumers banned from its bankruptcy

California Official Says Electricity Rate Increases Will Continue
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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
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Rankin Automotive shutters 14 stores over bankruptcy

Washington Group Lines Up $300 Mln to Prepare for Bankruptcy
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Senate Bill Would Ban Sale, Display Of Social Security Numbers
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Court approves sale of Vlasic units
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US Consumer Loan Quality Worsened In 1Q 2001
(WSJ: separate paid subscription required) 

  Friede Goldman:

Friede Goldman Halter Resumes Work On Car Carrier
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Friede calls back about 300 workers
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Friede starts work on Pasha project and plans construction of new vessel
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Telecoms:

Telecom Debt Debacle Could Lead
To Losses of Historic Proportions
(WSJ: separate paid subscription required)

Telcos In Too Deep
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Teligent To Cut 900 Jobs, May File Bankruptcy By Monday
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PSINet May Have to Pay Ex-CEO Millions
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BBO Files for Bankruptcy Protection
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Vitts pulls plug on remaining customers
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Bankruptcy court okays US Wireless acquisition of Darwin

Picus auction proves disappointing
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AHERF:

Pennsylvania AG Fisher Says Former AHERF Chief Abdelhak to Face Trial That He Raided Hundreds of Charitable Endowments
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Ex-AHERF executives heading to trial on misuse of funds - Charges dropped against third executive

Allegheny ex-chief to stand trial, judge rules
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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
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Customers make their case against bankrupt American Appliance
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Bankruptcy filing doesn't wilt local flower shops - Gerald Stevens to scale back, reorganize chain
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Reform:

Grassley May Have Key To Stalled Bankruptcy Bill
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Junk bonds miss out on corporate bond party
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Asbestos smothers USG's dividend
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Mad, sad world for MarchFirst ex-CFO, bank
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Video Update debt sold to competitor

Bankruptcy applications in N.J. on rise
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Movie Theater Industry:

Regal Cinemas nears Chapter 11
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Theater firm OKs Anschutz revival plan
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Edwards Agrees to Deal With Anschutz
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Edwards pictures bankruptcy escape
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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
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Contractor ask for foreclosure of lien on Regent Casino
(DBN Subscription Required)

Students beware: Easy credit, drowning debt
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Bankrupt aviation firm faces possible shutdown
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Global slowdown, corporate abuses mean more defaults, agency says
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Canada:

Bad news is good news for liquidator
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Livent: a bean counter scandal
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______________

Korea:

GM and Fiat near Daewoo deal
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________________

 

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