May 7, 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

         
Destination Delaware
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Silicon Valley: If a lawyer gets laid off, but nobody calls it a layoff, is he still unemployed?
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Pennsylvania seeks to protect consumers in bankruptcy proceedings
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Online textbook seller sued by sister company
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HomePlace:

HomePlace selling stores, filing Chapter 7
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Waccamaw chain to shut down
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Friede Goldman Halter Files Motion With Court to Reject Petrodrill Contracts
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3 plead guilty in Baptist fund plot
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Over Objections of UCC and UST, Furrs Hires High-Priced N.Y. Firms

Horizon considers bankruptcy filing
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Metal Management, Inc. Announces Bankruptcy Court Approval for Solicitation Of Its Plan of Reorganization
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CMI Industries Faces Bankruptcy Petition

L&H declared bankrupt by Korean court
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Mergers not the answer for steelmakers, CEO says
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Bankruptcy Reform:

Credit the card firms for mess
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Looming changes in bankruptcy law will raise the bar
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Bankruptcy faces reorganizing
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Bankruptcies Surge in Walnut Creek, Calif., Area
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Economy:

US jobs carnage gathers pace: Recovery hopes dashed as unemployment rises more than 200,000
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The not-com downturn - Bankruptcies! Layoffs! Has the old economy bubble popped?
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Union Expects Deal with East Chicago, Ind., Steelmaker Next Week
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Blindsided by a Bankruptcy? You Missed Warning Signs
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Asbestos claims to hurt some insurers
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Toledo: Area bankruptcy filings top 800 for 2nd month - 2,700 cases in 4 months is record-setting pace
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More small businesses collapse in bankruptcy - Filings in northern Ohio nearly double in 3 years
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Economic downturn is turning office space tenant search into a "realty raffle"
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Bankruptcy law firm considering closure of Dallas office

Houston: Auto parts dealer hits brakes, files for Chapter 11

Landlords 'Sweating' Over Bankrupt Furrs   

 

  Power Utilities:

Lawyers ahoy!
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Calif. inks $7 bln power deal with Sempra
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Utility's Workers Watch Helplessly as Company Falls
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PG&E bankruptcy renews focus on billions utility transferred
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Lawmakers question Davis' plan, seek new ideas

Calif. Marks Power Woes Anniversary
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Ratepayers granted a voice in PG&E bankruptcy

Calif. woes dim outlook for Wells Fargo, B of A
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Count up the losses of each wasted week  

California Democrats Distribute Memo Opposing Edison Rescue
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Nevada's winning hand -- power / State sees profit in California's crisis  

Top Dem Joins San Diego Power Rally
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He's got a plan to solve state's power crisis  

Abraham offers power-starved Calif. scant comfort
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Federal judge denies PG&E right to soak ratepayers

PG&E chairman wants to keep power lines
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Edison Int'l says may restructure, refinance debt
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Crisis rattles utility union

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Dotcoms:

Metiom on Brink of Bankruptcy
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Banks under investigation for allocation of dotcom IPO shares
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Dot-Com Vets Turn Job Loss Into Second Spring Break
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Banks face dotcom IPO heat  

The inside story on Internet winners, losers
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Electricity generators face impossible situation
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Taxman warns options could bankrupt staff
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Philadelphia: Learning Studio fails the course

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Pillowtex:

Bankers, textile workers talk out Pillowtex options - BofA officials say they can't order that jobs be saved
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Employees meet with bank
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Pittsburgh: Weirton Steel looks over Wheeling-Pitt

BNP Paribas Bids for U.S. Bancwest
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Dragon Systems Sputters After Belgian Suitor Fails
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9th Circuit Takes Soft Line on No-Cite Rule
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New Bankruptcy Opinions
(1 new opinion today)

Cal-Pac

Major rice marketer files Chapter 11
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Cal Pac, Major California Marketer, Files Bankruptcy
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Weil, Gotshal backtracks on Republic fees
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Salt Lake City: Historic Hotel Seeks Bankruptcy Shelter
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Telecoms:

Winstar clambers for DIP financing
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DSL Firms Doomed From The Start, Economists Say
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Pathnet telecom files bankruptcy
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Phone Company's Bankruptcy Leaves Some New Jersey Residents Disconnected
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Now you can know your own credit score
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HookMedia Petitions Judge For Asset Sale 

Pittsburgh: Technology turbulence continues - Two more join list of local casualties

Bankruptcy filings rise sharply in western Virginia
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Decora director/creditor demands examiner
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Trico Steel bankruptcy case to stay in Delaware

Australia:

Financial chaos at Olympic stadium - Builder could be facing bankruptcy
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Mobile phones creating wave of young bankrupts
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Canada:

Entertainment firm seeking protection from creditors
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People wary, hopeful as economy weakens
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England:

Insolvencies hit six-year high on US slowdown

Bankruptcy fears hit football
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Are credit unions failing?
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After complaints about lax laws, the Isle of Man watchdog is cracking down

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India:

Many Indians filing for bankruptcy in the US
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Japan:

Japan's Scary Debt Dynamics Put Koizumi to Test
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