May 29, 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

         
Lernout & Hauspie:

Lernout & Hauspie Eye Recovery Plan
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Lernout & Hauspie Clings To Restructuring Plan
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Ex-Belgian Executive Held in Fraud Case
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Power Utilities:

Plan to Rescue Edison Stalls
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State Renews Demand for Power Price Relief
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Texas: California Energy turmoil affecting area
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It Takes 2 to Tangle Our Energy Future
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Energy crisis hits muni bonds: Reacting to state bailout costs, investors withdraw $3.5 billion in April
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Energy Crisis Drains California Governor's Rating
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Ripples: Energy needs peril lake levels - The Almanor area worries PG&E will draw more water, hurting tourism
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Edison Rewards Workers $19 Million
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PG&E Managers Offered Millions - Bankruptcy plan would allot $17.5 million in retention pay
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PG&E seeks bonuses to retain brain trust
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El Paso CEO Admits Approving Subsidiaries' Natural Gas Deal
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Gov. Davis' Plan for SoCal Edison Failing
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Davis to warn Bush of economic crisis on California visit
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Bush energy plan is a wake-up call
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PG&E Asks Judge to Approve Bonuses
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With a perfectly negative crisis record, Davis desperate for a win
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Consumers Packaging repackaging
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Movie Theater Industry:

Edwards family to give up control
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Movie business walks a fine line

L.A. firm purchases bankrupt Seattle art houses
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Edwards deal moving along
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Anschutz, Partner to Get 51% of Edwards
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Sinking Shipbuilder Freide Goldman Gets Army Help
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Harnischfeger: Effort by state continues in effort for Beloit Corp. severance
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Baltimore: Bankrupt Peerce’s to be auctioned June 14
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New World makes second bid for Einstein
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California Rice Mill Faces Sale or Bankruptcy
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Service Merchandise wants its money back
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Owens Corning Loses Tobacco Firm Suit
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  A conversation with H&K's Sandra Mayerson
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Finova:

Finova Mulls GE-Goldman Offer to Creditors
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FINOVA Contacted Regarding Restructuring Proposal
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Finova seeks meeting with GE Cap, Goldman
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GE Unit Signs Deal With Finova Creditors
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Telecoms:

Covad battles bankruptcy specter
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DSL Unplugged: Bankruptcies Decimate Provider Ranks
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Paging Oblivion - most paging suppliers are in or near bankruptcy
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IQuest warns its customers of DSL disruptions as it switches to new provider due to bankruptcy of current provider
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AT&T Closes Buy Of Northpoint Communications For $135 Million

'Substantial Doubt' About Covad's Future
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WebLink releases bankruptcy details
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Economy:

Stocks crumble as data feeds US economy fears
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Golf dream: Good deal gone bad -- A developer's gift costs taxpayers millions as the builder goes bankrupt
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And Now, a Case for the Forensic Accountant, as Bankruptcies and Failures Swell, It's A Growth Industry
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Maxicare:

State Seizes Control of Maxicare - Health Officials act to save the HMO from insolvency
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State seizes control of Maxicare's assets: The HMO reacts by filing for protection in bankruptcy court
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Maxicare Calif. unit files for Chapter 11
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No Weddings and a Funeral: Bankrupt Mortuary's Demise on Film
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Cooker Restaurant Corporation Files for Chapter 11 Protection
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Bankruptcy Reform:

As Democrats Gain Control, New Priorities For Banking Committee - including aggressive credit-card marketing, household debt, financial education and literacy, and fighting money laundering
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Wholly Scripture, Very Debatable - "Every seventh year you shall grant a remission of debts"
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Chair Changes Likely To Alter Priorities - Increased Privacy For Financial Data In Bankruptcy Filings on Leahy Agenda
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Jeffords' Switch Changes Senate - "We will have a bankruptcy bill"
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Cannon Express Has Not Filed Bankruptcy
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Assisted Living Concepts anticipates bankruptcy
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New Bankruptcy Opinions
(No new opinions today)

Furrs' Delayed Bankruptcy Filing Called Risky

Chicago: Homemakers Stores face final curtain
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Rockingham businessmen win bid for Tultex complex
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Dotcoms:

Little restructuring hope for dot-bombs
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Bankruptcy on Internet Time 

From paying off to laying off
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CyberRebate customers struggle with painful fact: check's no longer in the mail
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FBI searches home of EarthLink co-founder
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Hookt Announces Plans to Reorganize Voluntarily Under Chapter 11
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eTour accused of selling customer info
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Lessons from the dot-com disaster
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Cheap dot-coms are still no bargain
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Card rates at 7-year low
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When Vendors Vanish
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To the rescue, Superior Bank FSB came perilously close to bankruptcy
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Detroit: Cemetery owners sued - Accused of misusing funds, company files Chapter 11, faces probe on ownership laws
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Steel:

Bankrupt Steel Firms Said to Sway White House
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Steel Maker Says Jobs at Stake, workers must make contract concessions or face job cuts
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Outlook for steel industry 'terrible': Algoma cited
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Anna Nicole:

Judge Voids Big Bankruptcy Award to Anna Nicole Smith
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Bridge:

Bridge Finds Potential Buyers For Remaining Assets
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Rescue deal nears for Bridge News
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Bridge draws 35 interested bidders
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Japan:

Japan bank shares hit by rekindled bad loan woes
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Canada:

Ceapro Inc. - Announces Full Discharge From Bankruptcy Protection
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Switzerland:

UBS Says It Faces Millions of Swiss Francs in ISMM Loan Losses
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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.