May 25, 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

         
Anna Nicole:

Smith's $475 million award blocked
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Judge throws out $475 million bankruptcy court award to Anna Nicole Smith 

Judge Throws Out $475M Court Award  

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New World makes second bid for Einstein
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Marketing Specialists Files for Chapter 11 Protection
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Movie Theaters:

Edwards Theatres Files Plan of Reorganization; Plan Includes $56 Million Recapitalization of 59 Theatre Circuit
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Bankruptcy May End Family's Control of Newport Beach, Calif., Theater Chain
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Plague of Closing Movie Theaters is Hot Topic at Las Vegas Convention
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Bankruptcy Reform:

Fear of Tougher Bankruptcy Law Sparks Filings
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LTV:

Union hoping for deal with LTV
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Steel Maker Says Jobs at Stake
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Investors still see value in troubled Loewen stock
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Bidders emerge for Bridge Information news unit
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Owens Corning suit against tobacco cos rejected
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Final Wallace's bookstores sold in bankruptcy court
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Court Approves 363 Sale Procedures For Pliant Systems
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  Weblink:

WebLink files Chapter 11 petition
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WebLink Wireless Files for Chapter 11
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Bankruptcy devastates Washington Group investors
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2001 on pace to set bankruptcy record
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Dotcoms:

Bankrupt CyberRebate Under Investigation - Customers may not see owed money
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The Last Word on CyberRebate?
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A phoenix rises from the dotcom ashes  

Funcow.com, hardware vendor shut down: 235 workers laid off
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Economy:

U.S. stocks set to open flat after Greenspan comments
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Struggling Assisted Living Concepts, Inc. Makes Interest Payment on Debentures
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Orlando, Fla.-Based Off-Shore Investment Firm Faces Criminal Probe
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Proposed Bankruptcy Sale of HookMedia Assets Stalls
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Telecoms:

Teligent Investors Shouldn't Despair -- Yet
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Telecoms, convertibles sap life from junk bonds
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California Rice Mill Faces Sale or Bankruptcy
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New Bankruptcy Opinions
(No new opinions today)

Finova:

GE Capital, Goldman Agree to Provide Finova $7 Bln
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GE Threatens Berkadia Deal With Finova
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Finova Rising on GE Capital, Goldman Offer
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Finova rescue deal signed    

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Power Utilities:

Energy Crisis Drains California Governor's Rating
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PG&E Finishes Cutting Checks to Customers and Vendors for Energy Efficiency-Related Programs
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California Utility To Pay $19 Million in Merit Raises, Exclude Top Executives
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Shift May Derail Energy Proposals
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Gop Unveils Plan to Help Utility
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California Legislators Search for a Plan B to Rescue Electric Utility
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U.S. Settles Sexual Harassment Suit Against TWA
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Japan:

Banks cautioned against second waivers
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Bank results show Japan's huge bad-loan hole

Japan may 'need to take over banks' to allay market concern

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Mexico:

Savia and Pulsar face debt crisis

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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.