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
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'Chainsaw Al' to face US court 

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Power Utilities:

SoCal Edison makes payments, still fears bankruptcy
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Duke Energy Seeks Deal With State to End Suits
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State has signed few power contracts needed for summer demand
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Davis Turns to Bankruptcy Court for Help in Plan to Buy Power Grid
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Power Companies Step Up Lobbying
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Williams to pay $8 mln in Calif electricity settlement
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Utility Offers California a Pain-Sharing Deal
(NYT: free registration required)

Gov. Davis seeks allies in bid to buy power grid
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SDG&E Sues Power Generator
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PG&E's unregulated unit made a killing last year

California enlists pool owners in power struggle
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Lumber company sues PG&E to escape cogeneration pact

PUC seeks to retain PG&E control
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San Jose, Calif.-Area Will Be Hard Hit by Summer Power Shortage
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Rankin's begins climb from bankruptcy
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Bankruptcy Reform:

Daschle Proves Thorn in Bush's Side
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Navigant Consulting's Peterson Unit Opens Asbestos Claims Administrative Entity
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  Telecom:

Let's Talk Cellular & Wireless Consummates Chapter 11 Plan
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PSINet to default on interest, lease payments
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Bad loans could delay recovery for communications OEMs
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On the Auction Block BOCs, IXCs Among Likely Bidders for DSL Assets
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NACT Excluded From World Access Bankruptcy; NACT Continues to Operate Independently of Its Parent Company
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MicroAge:

MicroAge Announces Pinacor Sale to ScanSource
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MicroAge subsidiary sold for $21M

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Dotcoms:

No way out for PSINet
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PSINet To Default On Debts - Creditors Could Force Bankruptcy
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PSINet Shakes Up Officers, Board
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KOZ seeks Chapter 11 protection
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Dot-com carnage continues as 55 firms close
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When Talk Becomes Advice
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Restructuring . . .

Firms that cut workers find loyalty drops, study says
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Dow Chemical to lay off 4,500 in Carbide deal
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Bankruptcy court approves ByeByeNow.com settlement with Worldspan
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Loudcloud to Lay Off 19% of Staff
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New Bankruptcy Opinions
(4 new opinions today)

Ex-Governor's Business Crumbling In Bankruptcy
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Lernout Founders to Remain in Custody for a Month, Court Says
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Manufactured housing and assisted living: Slums of the U.S. housing market
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D.C. Housing Group Calls for Moratorium on Foreclosures
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Federal Agencies Behind in Debts
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American Appliance:

American Appliance wants to hold one last sale
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American customers left in lurch Appliance firm lists $20 million in debts
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Pennsauken, N.J., Appliance Retailer Files for Bankruptcy Protection
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Chapter 7 bankruptcies on the rise in Colorado - Looming law change, economy behind surge

Vivendi-Universal saves ISMM Group from bankruptcy
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Bankrupt underwear firm Fruit of the Loom to shut Louisiana plants
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HookMedia Petitions Bankruptcy Judge For Asset Sale
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England:

Businesses call for 'hardship' status
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Canada:

Bankruptcy rate rising
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Freide Goldman assets protected from seizure
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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.