May 23, 2001 Daily Bankruptcy News

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? (DBN Subscription Required) Claridge Announces Confirmation of Fourth Amended Plan of Reorganization (DBN Subscription Required) Jore: Montana tool maker files for bankruptcy (DBN Subscription Required) Jore Corp. files for bankruptcy (DBN Subscription Required) _______________ Bankruptcy Reform: Small business bankruptcy reform criticized (DBN Subscription Required) ______________ Vulture Investing Turns Bullish in Weak Economy (WSJ: separate paid subscription required) Power Utilities: Calif. Legislators Sue FERC for Energy Price Caps (DBN Subscription Required) PG&E customers could share the cost of $600/hour professionals in bankruptcy proceedings California Dreaming (DBN Subscription Required) Developments in California's energy crisis Calif. gov signs bill to speed power plant construction (DBN Subscription Required) Nuclear power's California comeback SoCal Edison to Appeal Long Beach Lien (DBN Subscription Required) US Democrats say electricity price caps needed (DBN Subscription Required) Long Beach Granted Lien Against Edison (DBN Subscription Required) More generation helps keep Calif. blackout free (DBN Subscription Required) _________________ 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 (DBN Subscription Required) Figure in proposed Tultex mill project convicted of fraud (DBN Subscription Required) Perkins Coie Names New Bankruptcy Partner, John Kaplan (DBN Subscription Required) More Companies Expected to Take Bankruptcy Route in Durham, N.C., Area (DBN Subscription Required) Epiq Systems files to offer 1.5 mln shares (DBN Subscription Required) Telecoms: Oak Park, Mich., Phone Company Shuts Down Without Giving Customers Notice (DBN Subscription Required) Telecoms bonds can't fight that sinking feeling (DBN Subscription Required) _________________ American Aircarriers Support Announces Resignation of Director and Appointment Of Elaine Rudisill as Director and Chief Executive Officer (DBN Subscription Required)	FleetBoston's loan sale could start trend (DBN Subscription Required) Savvis declines to give fresh guidance (DBN Subscription Required) Dotcoms: Money Back or Rebate Runaround? (DBN Subscription Required) Are Online Grocers Nearing Their Expiration Date? (DBN Subscription Required) Bankruptcy of Clayton, Mo.-Based Internet Search Felt By Big Firms (DBN Subscription Required) Trading Firms Are Feeling A Pinch From Dot-Com Bust (WSJ: separate paid subscription required) Globalmedia.com Declares Bankruptcy (DBN Subscription Required) Salon.com struggling to stay alive (DBN Subscription Required) _________________ Lernout & Hauspie: L&H hopes fire-sale will bring relief (DBN Subscription Required) L&H Releases Restructuring Plans (DBN Subscription Required) Lernout Plans Restructuring, Immediate Divestment of Units (WSJ: separate paid subscription required) _________________ Blueprint For Bankruptcy: Part 3 OF Four Coaching salaries are part of expenses crisis in Big 12 (DBN Subscription Required) Friede Reports $73 M Loss in 1Q (DBN Subscription Required) Casual Male gets Father's Day funding (DBN Subscription Required) 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. (DBN Subscription Required Steel: Bankrupt Cleveland-Based Steelmaker May Have to Close Doors (DBN Subscription Required) U.S. lawmakers urge Bush to initiate lawsuit against foreign steel makers (DBN Subscription Required) Steelworkers to rally for congressional aid Bush Summons Big Steel Executives (DBN Subscription Required) Steelworkers Ask for Help from Government (DBN Subscription Required) Gulf States Steel: Going, going ... (DBN Subscription Required) U.S. mulling ways to reduce global steel capacity (DBN Subscription Required) __________________ Margin-loan Securitizations May Be Imminent, Rating Agencies Say (DBN Subscription Required) Missouri to Help Workers of Bankrupt National Furniture Retailer (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Wachovia rejects SunTrust bid (DBN Subscription Required) Personal Profile: Assistant UST Gary Dyer Be aware some debt counselors have bias (DBN Subscription Required) Credit Derivatives: Swiss Re sues XL Insurance over credit protection (DBN Subscription Required) ___________________ Workout adviser: Rollups are dead (DBN Subscription Required) Mira Loma, Calif.-Based Motorcycle Builder Files Chapter 11 (DBN Subscription Required) Bankruptcy motion positions Decora for sale Grupo Mexicano And The Death Of Substantive Consolidation (DBN Subscription Required) (Mondaq: separate free registration required) Kitchen Is Too Hot: Lechters In Chap. 11 (DBN Subscription Required) Involuntary Bankruptcy Suit hits Texas Boot (DBN Subscription Required S & P: Legal Review for Asset-Backed Commercial Paper Transactions Streamlined (DBN Subscription Required) Japan: Loan firms linked to rise in personal bankruptcies (DBN Subscription Required) Bad-loan disposals likely to force many out of work (DBN Subscription Required) Police raid home of former chairman of failed Tokyo department (DBN Subscription Required) Half of Japan's top banks falling into red (DBN Subscription Required) ______________ Germany: Tarnished Metabox Declares Insolvency (DBN Subscription Required) ________________ Canada: Algoma granted 30-day extension of creditor protection, below four months sought (DBN Subscription Required) ______________ Korea: Hyundai Eng debt-for-equity deal opposed by investment trusts (DBN Subscription Required) ______________ England: Bankrupt Hamilton to fight on in Euro court (DBN Subscription Required) Hamilton Goes Bust For Pounds 3m But Vows It's Not Over (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: