November 1, 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

         
Telecoms:

AT&T chief may face Excite@Home queries
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WebLink Wireless Prepares to File Plan to Emerge From Chapter 11
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At Home ruling against AT&T widens possibilities
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Chase and Motorola spar over a sour loan
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Law Firm Restructuring:

Perkins Coie scaling back - Seven attorneys let go in Bay Area law offices; operation in Seattle untouched

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Economy:

Green Says City Faces Fiscal Crisis as Bad as in 70's
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Small Business Owners Troubled About Economy
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Default Rate Of Investment Grade Issuers Shows Most Darkness Ever

U.S. economy in the tank - Quarterly decline worst since '90-91
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More Rate Cuts Coming, But Then What?

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The Global 100
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Newspaper Uncovers Bankrupt "Zombie Stocks"
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Power Utilities:

PG&E utility plan slammed in California
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Calif. farm groups, counties slam PG&E utility plan
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The wrong way to public power
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Public power gives San Francisco the juice
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BNYCP Unaffected by York Research Default
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United Petroleum declares bankruptcy
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Dotcoms:

Dot-Coms Face Shareholder Anger
Over Their Breakups, Severance Pay
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Seeking relics amid Webvan's ruins
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Exodus Communications secures $200M DIP
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Trick or Treat at Webvan HQ
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NextCard for sale amid mounting loan losses
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Hampshire stands behind bid for Polaroid ID
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American Tissue execs face new accusations
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Bankruptcy Judge OKs ICC sale to SpeedCell
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Four companies want to buy bankrupt Globe Materials' Cornell factory
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Creditor asks for McCook trustee

AEP Completes Purchase of Bankrupt Quaker Coal Co.
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Bankruptcy Auction Fails to Revive Cleveland Steel Mill
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Acme Metals Seeks OK For Fifth Amendment To Credit Line
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USi Warns of Bankruptcy
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Ultra Stores' Reorganization Plan Hearing Set For Dec. 3
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Dallas: Heritage put into bankruptcy - Health insurance middleman defaulted on payment 

  Harvey Miller: A respectable calling
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Bankruptcy Lawyers Seek
Big 'Enhancement' Bonuses
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Lawyers seek big bonuses for Chapter 11
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Airlines:

Flying in formation
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Brantley bid on ITS hinges on Congress
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Airline rebound from US attacks seen taking years
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GE 'calls in' Brazilian airline debt
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Willis Lease Finance Updates Status of Exposure to Swissair Bankruptcy
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KLM expects to post full year loss of ``hundreds of millions
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Government Extends Stopgap Insurance for UK Airlines
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Irish State airline seeks investor to save it from bankruptcy
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Airlines weather storm aided by federal grants
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Airport Security Firm on Verge of Collapse
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Swissair wins respite from grounding risk
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Sabena may file for bankruptcy
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America West loses $31.7 mln in third quarter
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Woodworkers Warehouse wins exit financing
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Economic Stimulus Masqueraded As Debt Management

Restructuring . . .

CSFB shakes up international private equity side
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Providian explores sale possibility
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Lernout & Hauspie:

A frail L&H still gives voice to sales pitch
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Diebold Closes $28 Million Deal to Purchase Mosler Assets and Service Business
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Washington Group:

WGI bankruptcy case could settle quietly behind closed doors
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Washington Group granted time to negotiate disputes
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Cruise Lines:

Hawaii buoyed about cruise future despite line's failure

The anchor’s away: Aloha ‘Oe to the Indy
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Weiner's Stores gets another 3 months to file reorganization plan
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Aladdin ruling may wait - Judge expected to postpone decision on refinancing plan
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Bankruptcy Judge Delays Decision on Former Governor's Reorganization Request
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Buffalo: BryLin officials hopeful about future
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FDIC Issues Final Rule on Treatment of Recourse and Residual Interests

Park Place blames third-quarter losses on Sept. 11 attacks
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Bankrupt Home Improvement Retailer Finds Inventory Sales Disappointing
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Mpower: What is a distressed company's fiduciary obligation to its bondholders?
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Trump:

Trump to Negotiate with Bondholders
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Trump Gambles on Casino Debt
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Trump may miss debt payment: US$90M in interest due soon: Mogul seeking to restructure US$1.6B in resort financing
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Trump tries bond card
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Judge seen clearing Carbide/Graphite DIP
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Asia's banks face Dollars 2,000bn in non-performing loans
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England:

Moody's warns of liquidity crisis at Lloyd's
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Fees for Railtrack saga pounds 500,000 a week
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Japan:

The day the jobs chill took hold: Troubled in Tokyo: Jobless rate hits 5.3%
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Australia:

Personal bankruptcies up again, rising to 23,900
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Canada:

Sam the Record Man gets scratched
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Music lovers pay tribute to Sam's after Cdn record king declares bankruptcy
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Bankruptcies down in September: Industry Canada
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A.G. Simpson gets protection extension
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Brazil:

Courts block Soletur assets
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Korea:

Hynix Semiconductor wins $778M in new loans
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Unions test GM in $400M Daewoo deal
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Norway:

Kvaerner Agrees to Yukos Bailout Plan
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Cold comfort
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Anguish is over as deal saves Kvaerner
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China:

China Ctrl Bk: Non-Performing Loans Are 26.62% Of Loans
(WSJ: separate paid subscription required)

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Argentina:

Local, foreign firms gird for Argentine "disaster"
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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.