May 14, 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

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Power Utilities:

Lawmakers floating four Edison plans
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Bankruptcy Update: Summary of PG&E'S Court Actions for the Week of May 4-11
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Edison Int'l says talks with banks go down to wire
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How Texas firm outfoxed state, PG&E

Plants closed for maintenance more than before power crisis
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Davis plan to help utility faces fight in Legislature
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Major job losses predicted; governor presses generators
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California is a lesson in power failure

Power Industry May Face Boom-Bust Cycle
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Governor, Take Command
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California power regulators to decide how to allocate rate hikes
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Bush's energy plan to rely mostly on efforts of private industry
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California Firms Owe NRG $350M - Two power sellers have filed for bankruptcy

Former governor says he signed 'obviously flawed' deregulation bill
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State treasurer urges Davis to take over power plants  

Ex-TVA chief picked to fix power crisis in California
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The Energy Mess and Disappointment
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Rx for the QFs: State should explore takeover of contracts
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Deregulation law went from fame to infamy in nearly five years
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Overheated Davis cooks up recipe for disaster

Drawn-Out Crisis Could Dim Davis' Reelection Hopes
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Study: Natural gas prices inflated

Cooperative Power Systems Gain Attention as Energy Crisis Deepens
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Industry's rush to build plants may result in power oversupply
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Plant Shutdowns Tied to Power Costs - Energy: Generators insist maintenance was needed. State contends firms created false shortage
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Company will expand plant, sell power to state
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Bankruptcy Reform:

It's Payback Time for Borrowers
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Houston: New rules, more bankruptcies  

White House Statement on Family Farmer Bankruptcy Act
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Dayton: Bankruptcy filings pour into court

Bankruptcy conference stalled, Grassley may look for other vehicle
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Consumer Federation of America Poll on Bankruptcy Legislation
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Memphis: Lawyers question how effective bankruptcy law will be

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  Selig speaks out on ball team bankruptcy issue
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`Reverse IPO' has big price: workers' jobs
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Bankrupt bonds plunge to dismal level
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Brennan illegally benefited from statue sale, bankruptcy trustee's suit says
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Anna Nicole:

$1M Motion Against Anna Nicole Smith
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Dotcoms:

Co-Founder of EarthLink Faces Claims of $600 Million
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SEC obtains restraining order against EarthLink co-founder
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Austin: Deal for assets collapses - Avatar Technology seeks refund after proposed bankruptcy acquisition of Future Protocol fails to happen

BoysToys.com, Inc. Files Petition for Relief Under Chapter 11 Of the United States Bankruptcy Code
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E-tailing... lessons from boom to gloom

Trustee: Fraud claims against Internet giant's co-founder could reach $600 million

BBOver: Broadband Provider Sinks
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Memphis: Vention closes after quest for funds falls short

Colo.com Bankrupt
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Bank One showing some clients the door
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Claridge Reports Balloting Results
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Court Agrees to Reinstate CMI's Secured Credit Facility
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Postal Service at edge of financial precipice / Internet use takes huge bite from revenue 

Many steer clear of "offshore opportunities"
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Loewen:

Loewen posts loss on impairment provision
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Movie in works on Loewen Group court case
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Shopping for a bankruptcy deal: International companies facing insolvency can gain advantages by selecting where their case is dealt with
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Maryland: Bankruptcy filings up 20% in state in 1Q  

Camayen Cattle Co. Announces Filing of Chapter 11 Plan of Reorganization
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International, Inc. Announces Developments Relating to Babcock & Wilcox Chapter 11 Reorganization
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Judge Orders Rancho Cucamonga, Calif., Homebuilder to Face Creditors
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Shoppers to Get Say in Philadelphia-Area Appliance Chain's Bankruptcy Case
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United States Bankruptcy Court Confirms Chapter 11 Plan of Reorganization For Electronic Business Services, Inc. and its Operating Subsidiaries
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New Bankruptcy Opinions
(1 new opinions today)

Telecoms:

On Tap: Teligent bankruptcy this week?
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PSINet, CMGI May Need a ‘Hail Mary’
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Metrocall to Seek to Renegotiate Combination With WebLink
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PSINet could owe ex-CEO up to $3M
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Telecom bubble may burst soon
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Teligent Lays Off 900 as Debt Looms
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BroadBand Files for Bankruptcy, Cuts 348 Jobs, Dow Jones Says
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Nortel and others quit DSL business
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EarthLink co-founder could face claims of $600 million or more
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Bankruptcy looms as Teligent cuts 900 jobs
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Regal Cinemas nears Chapter 11
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Vlasic Foods Deal Wins Nod from Delaware Bankruptcy Judge
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Start-ups face cram-downs
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Don't Bank on Banks
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Moody's bankrupt bond index plummets in April
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Kansas City: Trustee seeks new buyer for Vista Del Rio

Savannah River Site parent anticipates bankruptcy

Bankrupt Advantica Restaurant Group Reports Losses
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Indiana seizes, shuts down, second largest HMO
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England:

Can share options make you go bankrupt?
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Insolvency body warns 'bad apples'
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Canada:

Algoma Steel to seek extension of creditor protection
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A generation tilting toward indebtedness: Living on credit: 'Credit cards are not going to go away, education is needed'
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Film distributor Blackwatch files for bankruptcy protection
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Pulp Friction
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Breach of Trust: Greed and glory on Bay Street
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Japan:

Failed firm paid 850 mil. yen bonus
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Records show government gave public funds to shaky banks
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Debt trap 'cripples Japanese policy' 

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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.