May 23, 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

         
Delaware or New York?
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Claridge Announces Confirmation of Fourth Amended Plan of Reorganization
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Jore:

Montana tool maker files for bankruptcy
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Jore Corp. files for bankruptcy
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Bankruptcy Reform:

Small business bankruptcy reform criticized
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Vulture Investing Turns
Bullish in Weak Economy
(WSJ: separate paid subscription required)

Power Utilities:

Calif. Legislators Sue FERC for Energy Price Caps
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PG&E customers could share the cost of $600/hour professionals in bankruptcy proceedings

California Dreaming
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Developments in California's energy crisis

Calif. gov signs bill to speed power plant construction
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Nuclear power's California comeback

SoCal Edison to Appeal Long Beach Lien
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US Democrats say electricity price caps needed
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Long Beach Granted Lien Against Edison
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More generation helps keep Calif. blackout free
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Bankruptcy judge to rule on site of Stevens Financial Group case - Case should move to Missouri where most of the company’s investors live, court told
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Figure in proposed Tultex mill project convicted of fraud
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Perkins Coie Names New Bankruptcy Partner, John Kaplan
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More Companies Expected to Take Bankruptcy Route in Durham, N.C., Area
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Epiq Systems files to offer 1.5 mln shares
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Telecoms:

Oak Park, Mich., Phone Company Shuts Down Without Giving Customers Notice
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Telecoms bonds can't fight that sinking feeling
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American Aircarriers Support Announces Resignation of Director and Appointment Of Elaine Rudisill as Director and Chief Executive Officer
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  FleetBoston's loan sale could start trend
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Savvis declines to give fresh guidance
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Dotcoms:

Money Back or Rebate Runaround?
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Are Online Grocers Nearing Their Expiration Date?
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Bankruptcy of Clayton, Mo.-Based Internet Search Felt By Big Firms
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Trading Firms Are Feeling
A Pinch From Dot-Com Bust
(WSJ: separate paid subscription required)

Globalmedia.com Declares Bankruptcy
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Salon.com struggling to stay alive
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Lernout & Hauspie:

L&H hopes fire-sale will bring relief
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L&H Releases Restructuring Plans
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Lernout Plans Restructuring,
Immediate Divestment of Units
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Blueprint For Bankruptcy: Part 3 OF Four Coaching salaries are part of expenses crisis in Big 12
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Friede Reports $73 M Loss in 1Q
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Casual Male gets Father's Day funding
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Toys in the Attic Why did Zany Brainy buy a struggling $35-million company? Ask the leaders who just filed for bankruptcy -- and the advisors.
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Steel:

Bankrupt Cleveland-Based Steelmaker May Have to Close Doors
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U.S. lawmakers urge Bush to initiate lawsuit against foreign steel makers
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Steelworkers to rally for congressional aid  

Bush Summons Big Steel Executives
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Steelworkers Ask for Help from Government
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Gulf States Steel: Going, going ...
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U.S. mulling ways to reduce global steel capacity
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Margin-loan Securitizations May Be Imminent, Rating Agencies Say
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Missouri to Help Workers of Bankrupt National Furniture Retailer
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New Bankruptcy Opinions
(1 new opinion today)

Wachovia rejects SunTrust bid
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Personal Profile: Assistant UST Gary Dyer

Be aware some debt counselors have bias
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Credit Derivatives:

Swiss Re sues XL Insurance over credit protection
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Workout adviser: Rollups are dead
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Mira Loma, Calif.-Based Motorcycle Builder Files Chapter 11
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Bankruptcy motion positions Decora for sale

Grupo Mexicano And The Death Of Substantive Consolidation
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(Mondaq: separate free registration required)

Kitchen Is Too Hot: Lechters In Chap. 11
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Involuntary Bankruptcy Suit hits Texas Boot
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S & P: Legal Review for Asset-Backed Commercial Paper Transactions Streamlined
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Japan:

Loan firms linked to rise in personal bankruptcies
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Bad-loan disposals likely to force many out of work
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Police raid home of former chairman of failed Tokyo department
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Half of Japan's top banks falling into red
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Germany:

Tarnished Metabox Declares Insolvency
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Canada:

Algoma granted 30-day extension of creditor protection, below four months sought
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Korea:

Hyundai Eng debt-for-equity deal opposed by investment trusts
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England:

Bankrupt Hamilton to fight on in Euro court
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Hamilton Goes Bust For Pounds 3m But Vows It's Not Over
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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 

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