May 4, 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

         
GE unit looking to make Finova counteroffer
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Reuters gets OK on Bridge bid
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Bankruptcy: Finding Firms
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Telecoms:

The specter of bankruptcy looms for Primus
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Viatel's customers get abrupt goodbye
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STAR Telecommunications Announces Continuing Reorganization and Delisting
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Bad loans could delay recovery for communications OEMs
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Economy:

Unemployment Climbs to Highest Level in Five Years
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Stocks Tumble on Jobs Report, Layoffs
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Federal government joins creditors in staking claim against paper mill
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Bankrupt former Kentucky governor moves voter registration to Florida
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Restructuring . . .

Dell Sees 'Ruthless' Cost-Cutting
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Newell Rubbermaid to Cut 3,000 Jobs
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Service Sector to Slow
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Bankrupt ex-governor goes from best of times to worst
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Franchise Loan ABS Delinquencies Rise
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Dotcoms:

carclub.com crashes and burns
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Razorfish founders seen stepping down
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Car Repossessors Boom in Silicon Valley
As Tech Firms Struggle Amid Slowdown
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Gibson Dunn Attorney Sheds Light on Dot-Com Madness
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Web Firm LocalBusiness.com Files
For Bankruptcy-Court Protection
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Delisting a stock the final straw for firms in trouble
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  Power Utilities:

Lawsuit names Reliant, Dynegy California officials allege violations
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Power Firm's Offer to Davis Denounced
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Federal judge denies PG&E right to soak ratepayers

State's PG&E funds at stake: California will likely battle the utility's creditors in court over money for energy purchases
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PG&E Files Motion to Require CAISO to Follow Federal Law
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Senators from West push price caps in power crisis
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Frustrations Turn To Despair In Shadow Of Energy Crisis
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PG&E customers face bigger hit
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Duke offers deal, but California pledges to continue price probes
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Davis plans 'heart-to-heart' talks with power generators
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California bill would put state into power business
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Calif. legislature okays state power authority
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PG&E Bankruptcy Hits MBIA Earnings, As Company Prepares To Pay Some Unsecured Debts
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PG&E asks bankruptcy court to stop ISO bills
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Calif. power bond proposal hits new snag
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Energy suppliers could get tax break
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California says needs U.S. help on power crisis
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Third Small Generator Wins Right To Attach SoCal Ed Assets
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Sunbeam's chapter 11 disclosure statement approved
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Court Approves Reuters Purchase of Bridge Assets
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Financial Privacy:

Federal Agencies Promulgate Guidelines Financial Institutions Regarding Protection Of Private Customer Financial Data
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Banks to Confer on Privacy
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Republic Steel weighing option 

 

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Reform:

Generation bankrupt
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The Democrats: Dead Party Walking
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Raytheon Construction Unit Sale To Washington Group Probed
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Play-By-Play tries to avert Chapter 11
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Texas Firms Land Big Work In Bankruptcy Representation (scroll down)
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Steel Consolidation: Inevitable?
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Mobile, AL: Former Wilcox County official pleads guilty to bankruptcy fraud
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7 Stevens Financial investors named to creditors committee
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Pillowtex union, Bank of America meeting scheduled
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American Tissue Inc. Affiliate Agrees To Purchase the Assets of Ponderosa Fibres, Subject To Bankruptcy Court Approval
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Birmingham, AL: Black Burger King franchisee files for bankruptcy
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Pennsylvania's Bureau of Consumer Protection trying to intervene in American Appliance bankruptcy
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Noteholders Commence Chapter 11 Reorganization Case Against CMI Industries, Inc. Announces Triton Partners LLC and Delaware Investment Advisors
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Denver: Bankruptcy doesn't derail Roaring Fork housing plans

Kevco To Sell Certain Kevco Distribution Operations
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Notice to creditors and shareholders of Nevada Bob's Golf Inc.
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Finding the meaning of value: Somewhere between art and science lies the best method for determining the worth of commercial real estate as collateral
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Canada:

Co-Steel breaches agreements with lenders; reports $53.1-million Q1 loss
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