May 3, 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

         
Telecoms:

What will happen if PSINet fails?
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High-speed Net access fees rise  

FCC Sitting Out Telecom War
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Nursing Home Industry Should Heal Itself, Says Elderly Care Task Force Member
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Lernout & Hauspie:

Lernout co-founders in jail for a month
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No Appeal for Lernout, Hauspie
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Bankrupt Shipbuilder Friede Goldman Hires E&Y As Advisers
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RBX bankruptcy settlement talks under way
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Dotcoms:

Dead Dot-Coms Pile Up in April
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Addiction to Excess? EToys Still Plays With Creditors' Money
(WSJ: separate paid subscription required)

Co-Founder of EarthLink Is Accused of Investor Fraud
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EarthLink Co-Founder Files for Bankruptcy
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FreeRealTime.com Inc. Files for Bankruptcy Protection
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Pilot Network Tells Users It Has Filed for Chapter 7
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FASB Amends Goodwill Proposal
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Armstrong World Industries Announces the Bar Date for Claims in Chapter 11 Reorganization
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Horizon Pharmacies explores Chapter 11 filing
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Lauderdale-based Wendy's founder sues over ex-governor's $25 million loan
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Tri-Valley bankruptcy sale good for olive growers
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Banks Aim to Halt Class-Action Suits
By Altering Cardholder Agreements
(WSJ: separate paid subscription required) 

Viatel

Viatel files for bankruptcy
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Viatel, Inc. Files Voluntary Petitions for Chapter 11 Bankruptcy Protection
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Viatel Files for Chapter 11 After Missing Payments
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Republic Technologies:

Republic bankruptcy fees cause outrage
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Republic Technologies International Announces Final Bankruptcy Court Approval of $420 Million in Financing
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Judge, creditor watch costs - Payment to law firm, amount of loan cause alarm in Republic Technologies bankruptcy proceedings
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Atlantic Gulf:

Atlantic Gulf goes bankrupt
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Atlantic Gulf Communities Filed a Voluntary Petition Under Chapter 11
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Atlantic Gulf - Files for Chapter 11 bankruptcy
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S&P Streamlines Legal Review of ABCP Transactions
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Debt Management, Corporate Style
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Restructuring . . .

JDS Uniphase to cut 5,000 jobs, shrink business
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Vitesse Plans to Trim Jobs, Cut Executive Pay
(DBN Subscription Required)

Rohm & Haas to Cut Work Force by 7%
(DBN Subscription Required)

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Finova:

The FINOVA Group Inc. and Subsidiaries File Joint Plan of Reorganization With Bankruptcy Court
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GE unit looking to make Finova counteroffer
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Finova creditors balking
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Finova files reorganization plan with bankruptcy court

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Aladdin:

Bankers' help likely needed to keep Aladdin Casino from bankruptcy

Aladdin Expected to Make Payment
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(DBN Subscription Required)

Movie Theater Industry:

Movie fans return to box office: Ailing film industry showing signs of a turnaround
(DBN Subscription Required)

Smaller Cinema Chains Avoid
Mistakes Made by Big Bankrupt Operators
(WSJ: separate paid subscription required)

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New Bankruptcy Opinions
(No new opinions today)

Power Utilities:

Calif. Assembly plans vote on $10 bln power bond
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Judge dismisses $10 bln PG&E suit
(DBN Subscription Required)

Judge says PG&E premature in asking for rate increases

Duke Energy offers California secret deal
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An energy trader says it's time to limit profits
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Calif. Power Generators Under Fire
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How energy giant tried to cut a deal - Duke Inc. offered to reduce bill if state halted probes

PG&E Corporation Reports First Quarter Financial Results
(DBN Subscription Required)

Pwr Generator's Request To Attach SoCal Ed Assets Denied
(WSJ: separate paid subscription required)

Calif. regulators to study more natgas supplies
(DBN Subscription Required)

PG&E CEO: 'Too Premature' To Judge Bankruptcy Crt Powers
(WSJ: separate paid subscription required)

Top state lawmakers urge override of S.J. vote against Calpine plant
(DBN Subscription Required)

SoCal Ed Wants To Raise Independent Generator Rates
(WSJ: separate paid subscription required)

PG&E posts loss with $1.1 billion charge
(DBN Subscription Required)

Warning of a summer power 'Armageddon' - Davis aide paints dire scenario in push for bonds to buy power

California crisis delayed Reliant Resources IPO
(DBN Subscription Required)

Sithe QF Can Sell Power Contracted To SoCal Ed On Mkt
(WSJ: separate paid subscription required)

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Santa Maria, Calif.-Based Airline Files for Bankruptcy
(DBN Subscription Required)

Canada:

Ottawa rules out bailout of Algoma: Minister says no: 'I don't have a subsidy package to offer,' says Tobin
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