May 24, 2001 Daily Bankruptcy News

May 24, 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: Arch asks to revamp its debt (DBN Subscription Required) WebLink Wireless Gives Merger A Dial Tone (DBN Subscription Required) No special favors for telco monopolies (DBN Subscription Required) Bankrupt Convergent Communications Pares Staff, Sells Assets (DBN Subscription Required) Hope for Teligent Investors _______________ Hicks Muse back on solid food (DBN Subscription Required) Troubled Lernout may offer creditors shares in new firm (DBN Subscription Required) Bankruptcy Judge Approves Sale of Former Kentucky Governor's Bookstores (DBN Subscription Required) Bankrupt tool maker to explore sale (DBN Subscription Required) Consumer, Business Bankruptcies Rise Sharply in Kansas (DBN Subscription Required) Sia hid costly wine from creditors, faces bankruptcy fraud charges (DBN Subscription Required) Europe's distressed debt market awakens, but lack of creditor protection slows growth (DBN Subscription Required) Stage Stores Announces Filing of Second Amended Plan of Reorganization and Disclosure Statement in Support of Second Amended Plan of Reorganization (DBN Subscription Required) Anonymous Company Seeks to Purchase Defunct Software from Richmond, Va., Firm (DBN Subscription Required) Bankruptcy filings jump 17.5% in 1st (DBN Subscription Required) Fruit of the Loom, Warnaco settle lawsuit (DBN Subscription Required) ISMM collapse could cost dlrs 56 million (DBN Subscription Required) Economic downturn keeps turnaround expert busy (DBN Subscription Required) Bankruptcies by Individuals Rise Sharply So Far in 2001 (NYT: separate free registration required) Charleston: Multi-CAP to file for bankruptcy (DBN Subscription Required) Alabama: Pride Restaurants in pinch Black Burger King firm vows Chapter 11 revival (DBN Subscription Required)	Judge delays decision on sale of Tultex mill (DBN Subscription Required) V3 Semiconductor files for Chapter 11 (DBN Subscription Required) Diamond Brands: Diamond Brands Chapter 11 petition lists $238.7M in debts (DBN Subscription Required) Diamond Brands Files to Restructure Under Chapter 11; Company has Commitment for $8.2 Million in Post-Petition Financing (DBN Subscription Required) _____________________ Power Utilities: Nevada Utility Company Warns of Long Energy Crisis (DBN Subscription Required) Legislators search for a Plan B for Edison (DBN Subscription Required) ________________ Decora Continues Negotiations with Buyer (DBN Subscription Required) Dotcoms: Little restructuring hope for dot-bombs (DBN Subscription Required) Privacy fears over eTour deal eMarketWorld Receives Bridge Financing from The Palladin Group, LLC (DBN Subscription Required) ____________________ Blueprint For Bankruptcy: Part 4 of FourWhat does the future hold for collegiate athletics? (DBN Subscription Required) Creditors try to block Onex bid for Loews: Fear 'undervaluation': Unsecured group wants to file its own reorganization plan (DBN Subscription Required) Casual Male: Casual Male gets $135 mln DIP financing (DBN Subscription Required) Casual Male Announces Orders Approving Dip Financing and Securities and Claims Trading Restrictions (DBN Subscription Required) _________________ Regent Casino: Executives for Bankrupt Regent Resort Choose Las Vegas Developer's Bid (DBN Subscription Required) Regent picks Peccole as preferred buyer (DBN Subscription Required) Bankrupt Las Vegas Casino Likely to Fetch $75 to $100 Million, Source Says (DBN Subscription Required) ______________	New Bankruptcy Opinions (No new opinion today) Gulf States bankruptcy auction draws international bidders (DBN Subscription Required) White House Aid For Steel Could Be Two Months Away (DBN Subscription Required) Bankrupt retailer shells out top dollar for exec (DBN Subscription Required) England: Pension plan change raises fear of bankruptcies (DBN Subscription Required) ________________ Canada: Consumers Packaging granted court protection (DBN Subscription Required) Troubled-company specialist Hap Stephen takes charge at Algoma Steel (DBN Subscription Required) Canadian banks report strong profits but impaired loans still a concern (DBN Subscription Required) ________________ Australia: Telemedia faces the crunch, emergency talks with bankers GlobalMedia files for bankruptcy (DBN Subscription Required) ____________________ Japan: Koizumi must deliver before hoopla fades (DBN Subscription Required) Police descend on home of ex-Sogo chairman (DBN Subscription Required) ________________ Germany: Metabox Collapses Under Financial Scandal (DBN Subscription Required) ______________ Mexico: Savia Needs 2 Billion Dollars To Escape Bankruptcy (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: