May 2, 2001 Daily Bankruptcy News

May 2, 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

Sunbeam: Accountants to pay $110 Million To Settle Sunbeam Fraud Suit (DBN Subscription Required) 'Chainsaw Al' to face US court ________________ Power Utilities: SoCal Edison makes payments, still fears bankruptcy (DBN Subscription Required) Duke Energy Seeks Deal With State to End Suits (DBN Subscription Required) State has signed few power contracts needed for summer demand (DBN Subscription Required) Davis Turns to Bankruptcy Court for Help in Plan to Buy Power Grid (DBN Subscription Required) Power Companies Step Up Lobbying (DBN Subscription Required) Williams to pay $8 mln in Calif electricity settlement (DBN Subscription Required) Utility Offers California a Pain-Sharing Deal (NYT: free registration required) Gov. Davis seeks allies in bid to buy power grid (DBN Subscription Required) SDG&E Sues Power Generator (DBN Subscription Required) PG&E's unregulated unit made a killing last year California enlists pool owners in power struggle (DBN Subscription Required) Lumber company sues PG&E to escape cogeneration pact PUC seeks to retain PG&E control (DBN Subscription Required) San Jose, Calif.-Area Will Be Hard Hit by Summer Power Shortage (DBN Subscription Required) _________________ Rankin's begins climb from bankruptcy (DBN Subscription Required) Bankruptcy Reform: Daschle Proves Thorn in Bush's Side (DBN Subscription Required) _________________ Navigant Consulting's Peterson Unit Opens Asbestos Claims Administrative Entity (DBN Subscription Required)	Telecom: Let's Talk Cellular & Wireless Consummates Chapter 11 Plan (DBN Subscription Required) PSINet to default on interest, lease payments (DBN Subscription Required) Bad loans could delay recovery for communications OEMs (DBN Subscription Required) On the Auction Block BOCs, IXCs Among Likely Bidders for DSL Assets (DBN Subscription Required) NACT Excluded From World Access Bankruptcy; NACT Continues to Operate Independently of Its Parent Company (DBN Subscription Required) ________________ MicroAge: MicroAge Announces Pinacor Sale to ScanSource (DBN Subscription Required) MicroAge subsidiary sold for $21M __________________ Dotcoms: No way out for PSINet (DBN Subscription Required) PSINet To Default On Debts - Creditors Could Force Bankruptcy (DBN Subscription Required) PSINet Shakes Up Officers, Board (DBN Subscription Required) KOZ seeks Chapter 11 protection (DBN Subscription Required) Dot-com carnage continues as 55 firms close (DBN Subscription Required) _________________ When Talk Becomes Advice (DBN Subscription Required) Restructuring . . . Firms that cut workers find loyalty drops, study says (DBN Subscription Required) Dow Chemical to lay off 4,500 in Carbide deal (DBN Subscription Required) Bankruptcy court approves ByeByeNow.com settlement with Worldspan (DBN Subscription Required) Loudcloud to Lay Off 19% of Staff (DBN Subscription Required) _________________	New Bankruptcy Opinions (4 new opinions today) Ex-Governor's Business Crumbling In Bankruptcy (DBN Subscription Required) Lernout Founders to Remain in Custody for a Month, Court Says (DBN Subscription Required) Manufactured housing and assisted living: Slums of the U.S. housing market (DBN Subscription Required) D.C. Housing Group Calls for Moratorium on Foreclosures (DBN Subscription Required) Federal Agencies Behind in Debts (DBN Subscription Required) American Appliance: American Appliance wants to hold one last sale (DBN Subscription Required) American customers left in lurch Appliance firm lists $20 million in debts (DBN Subscription Required) Pennsauken, N.J., Appliance Retailer Files for Bankruptcy Protection (DBN Subscription Required) _________________ Chapter 7 bankruptcies on the rise in Colorado - Looming law change, economy behind surge Vivendi-Universal saves ISMM Group from bankruptcy (DBN Subscription Required) Bankrupt underwear firm Fruit of the Loom to shut Louisiana plants (DBN Subscription Required) HookMedia Petitions Bankruptcy Judge For Asset Sale (DBN Subscription Required) England: Businesses call for 'hardship' status (DBN Subscription Required) Canada: Bankruptcy rate rising (DBN Subscription Required) Freide Goldman assets protected from seizure (DBN Subscription Required) ___________________ Weather Forecast: Enter City, State, or Zipcode: