May 22, 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

         
Telecoms:

Teligent Files for Chapter 11 Protection - Move Adds to Doubt On Broadband's Role
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Teligent Files For Chapter 11 Bankruptcy
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Another Wireless Snarl: Teligent in Bankruptcy Court
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Teligent fails to meet creditors' deadline
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Teligent, Mpower latest providers to run into trouble

Globalstar Names Former ICO Head As New Chairman In Sign That Bankruptcy May Loom
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Who wants to be an ex-billionaire? Lessons from PSINet's former CEO William Schrader
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My Falling Globalstar
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Rumors of Iridium's Death Greatly Exaggerated  

LPEA throws $75,000 lifeline to REAnet
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Is it safe not to go into the water?

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Idaho judge deals blow to Raytheon in dispute over sale that led to Washington Group bankruptcy
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Fine Air:

Fine Air unveils Chapter 11 exit plan
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Fine Air Services Files Reorganization Plan
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Sames:

Sames Corporation's French Subsidiary Sames S.A. Has Determined to File For Bankruptcy Protection Under French Law
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News of Subsidiary's Bankruptcy Filing Affects Shares of Illinois Manufacturer
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Bankruptcy Reform:

Of puppies, kittens and huge credit-card debts

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IRS Informants Led to Raid Former San Antonio-Based Brokerage InverWorld, Documents Show
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Board Expected to Choose Favored Bidder for Bankrupt Las Vegas Resort
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High-Tech 'Haves' Sizing Up Bankruptcy Deals
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BLUEPRINT FOR BANKRUPTCY: PART 2 OF 4 Title IX often scapegoat when men's programs are cut   

 

Power Utilities:

California Power Workers Confess Deliberate Shutdowns
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Blackout . . . of information
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Assembly Democrats prepare alternative to governor's Edison plan

Bush-Cheney Subsidies for Energy Barons
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California energy crisis now "very serious" - poll
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Legislators Set to Sue Federal Energy Agency
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Energy Crisis, Economic Woes Make Californians Gloomy About Future
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Energy Price Controls: Been There, Done That
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Energy co's say they not villains in Calif crisis
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How Do You Like Getting the Bidness from These Ol' Boyz? Suddenly, An Energy Crisis!
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Developments in California's energy crisis

Energy crisis not real, state's residents say / But poll results show most expect more blackouts  

California Officials Blame Texas-Based Companies for Energy Crisis
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City in legal bid for power payment - Looks to recover about $6 million in unpaid bills for energy it provided to state
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Republicans blast governor's hiring of Democratic advisers

Businesses May Seek Blackout Exemption
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Creditors contest Loews plan
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U.S. junk bond defaults - the worst is yet to come
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Casual Male not expecting to downsize while in Chap. 11
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Ultra Motorcycle Co. Files for Chapter 11; Company to Continue Normal Operations During Financial Restructuring
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Steel:

Busted Northwestern Steel douses furnace
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Steelworkers Meet With Pennsylvania Legislative Caucuses To Discuss Solutions to Steel Crisis
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New Bankruptcy Opinions
(1 new opinion today)

Harnischfeger:

Harnischfeger prepares to exit bankruptcy
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Court approves plan for Harnischfeger to emerge from bankruptcy
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Lechters:

Lechters seeks Chapter 11 protection
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Lechters Files for Bankruptcy Protection As Its Belt-Tightening Measures Founder
(WSJ: Paid subscription required)

Lechters Files for Chapter 11
(DBN Subscription Required)

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Chicago's winds of change
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IBP lawyer: I was busy
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Bankruptcy Court Approves Sale Of KeraVision's Assets to Addition Technology
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Dotcoms:

Aztec Technology: Down elevator plunging fast, going concern doubts
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PermitsNow: First the Doors Closed, Now Bankruptcy
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CyberRebate Bankruptcy Has E-Shoppers Reeling
(DBN Subscription Required)

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England:

Hamilton Forced Into Bankruptcy By Fayed
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Hamilton due in court for bankruptcy hearing
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Fourteen directors at one company banned
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Business failure hits nine-year high
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Switzerland:

Swiss court declares top sports rights firm bankrupt
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________________

Australia:

Australia Bankruptcies Rise 33% After New Tax System
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Bankruptcies on the rise
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Govt attacks bankruptcy report
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