November 12, 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

         
Extension of Chapter 12 Farm Aid for Another Six Months
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Sen. Leahy Supports S. 1630, Which Would Renew Chapter 12
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Enron:

A Visionary Fallen From Grace
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Dynegy to buy Enron for $7.8B
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Law Firm Restructuring:

Well-Paid and Worried, Associates Stick Around
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Tough Times Are Busy Times for Litigation Practices
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Living on the Edge - Growth slows, layoffs begin and salaries are flat. Soon, it may get even worse
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Diversity of law firms helps them ride out slumping business cycle
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Top Two Fifty - 2001: Annual Survey of The Nation's Largest Law Firms
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The Rankings
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Onex has deal for Loews
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The orchestra biz: sour notes
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Perigon Medical Files for Bankruptcy
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Telecoms:

Nextwave Wireless Settlement Stalled
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Tech lenders develop a bad case of nerves
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Motorola sued over Iridium loan
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E.Spire, Verizon Square Off
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e.spire Claims Verizon Is Violating Direct Orders
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Arch Wireless hit with bankruptcy petition
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At Home, creditors spar over AT&T deal
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Netia Takes Measures to Secure Debt Position
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Payless Cashways cleared to sell equipment
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Mutual funds with a rare taste for the distressed
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Sulzer:

Sulzer Medica set to file Chapter 11 for US unit

Sulzer Medica investors up in arms
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Sulzer Medica wins U.S. stay on lawsuits
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U. S. Court of Appeals Reinstates Injunction Until Hearing on November 29, 2001
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High-score homebuyer can be faster to default
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Personal Chapter 7 Bankruptcy Filings in Las Vegas Up in Third Quarter
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Houston: Legal dispute leads to bankruptcy
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Survival Strategies of the Dinostores
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Dotcoms:

Where the Dot-Dead Wind Up
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C2 Media gets final DIP approval
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Where have all yesterday's perks gone?
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Dot-coms and you
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Landlords can deflect dot-com defaults, bankruptcies
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Egghead.com Scrambling But Not Fried
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Check mate: Payday loan firm loses in Qdebit bankruptcy
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Homebytes.com
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Savio forced into Ch. 7 bankruptcy
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Turning to turnarounds
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St. Louis-Based Foods Maker Cobbles Together Ingredients to Restructure
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New York City's Finances Evoke Dark Comparisons
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Amtrak fails to meet financing deadline

Post-Attack Downturn May Claim Businesses in Its Wake in Nevada
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  Comdisco:

SunGard deal for Comdisco unit cleared
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Judge takes 1 more day to rule on bid for Comdisco unit
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Deal for Comdisco unit hinges on definition
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SunGard's bid for Comdisco unit beats HP
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e.spire Files Complaints Against Verizon For Millions of Dollars in Unpaid Bills
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Dark days at Dairy Mart
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Turnaround experts feast on victims of the economy
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Risky investments in death - Viatical contracts: Maryland, others move to curb widespread fraud in life insurance trade
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Loewen to relaunch under new name
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Changed economy forces Phoenix out of comfort zone
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Steel:

LTV's lenders change request for guarantee
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Steel loan board calculating the odds of default
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U.S. steel companies kiss and then tell
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Hamilton castings plant to close

PNC Park steel firm may face liquidation 

Falling prices, orders hammer steel
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Bondholders reject Algoma's new plan
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Algoma plan 'a dead end': bondholders: Amended restructuring
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Airlines:

Airlines Hesitate to Take Federal Loans
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Airport releases Canada 3000 plane under court order
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American Airlines Cuts International Routes Again
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National Airlines files reorganization plan
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Midway Airlines Could Get Big Cash Boost
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Caterers hurt as airlines slice food service
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Midway applies for federal funds, hopes to resume flights
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Shell-shocked Canada 3000 staff divided, defiant in face of airline's demise
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Travellers scramble to reschedule trips -- or get their money back
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Canada's troubled airline industry is not unique

Ottawa needs to 'put money on the table': CUPE demands Collenette intervene to save Canada 3000
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Governments everywhere meddle in airlines at their peril
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Surcharge threat: The latest troubles in the travel industry
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Final funeral march for Sabena
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Kiwis Hit By Airline Collapse
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Tango catalyst for failure of airline, says watchdog
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Canada 3000 planes grounded by debts
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Canada 3000 goes into bankruptcy, board resigns
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Chaos may spur European airline shakeup
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Funding for new Sabena airline gets EU approval
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After the attacks comes the more complicated travel insurance
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Airlines must leave nest of nationalism
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Turmoil at United Pains Airline's Former CEO
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Midway to fly again if money comes through
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Clarent hospital (Paracelsus) sale may be indication of things to come
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HEAL: Running the gauntlet
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Dallas Doctors in debt
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Gibson Guitar bids to tune up a scaled-back Baldwin Piano
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Raytheon, WGI settle construction unit suit
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Radiant seeks Ch. 11
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Power Utilities:

Deregulation Not Derailed by California's Meltdown
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Judge doesn't block settlement between state, Calif. utility
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S.F. voters turn off public power bid / Backers may seek recount, say tabulation tainted by 'incompetence or malfeasance'
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Slowdown could stymie United Way campaigns
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Manufacturers focused on cranking out a turnaround - Companies look to limit lean times
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Wrong Credit Counseling Can Hurt
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Cruise Lines:

Chapter 11 cruise filing leaves Titanic costs in its wake
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Financial icebergs
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Tour Companies Waive Penalties to End of Year
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Rehab Designs of America emerges from Chapter 11
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Assisted Living Concepts, Inc. Reports Financial Results and Update on Chapter 11 Proceedings
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York Announces Standstill Agreement with Holders of Portfolio Bonds
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Belguim:

Xeikon files for bankruptcy protection
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Singapore:

Bankruptcy officer helps those in debt

Public enemy No 1 jobless and facing bankruptcy

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England:

Court setback for asbestos claims
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Asbestos firm freezes payouts for victims
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Eyes turn to US economy

Dyke says clubs could face bankruptcy
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TV chief's football cash warning
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Britain's least favoured firms are named
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Byers faces fresh Railtrack pressure
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More people are losing their companies after marriage break-ups

Treasury accused of Railtrack plot
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Pop music empire on brink of collapse
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Canada:

Skeena gets reprieve to cut deal with Mercer
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Judge blocks supplier from suing BiWay parent
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Argentina:

Bounced checks, bankruptcies continue to mount in Argentina
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Germany:

Real-Estate Sector Hit Hard by Cooling Economy
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Japan:

Asahi Bank to tie up with Goldman to cut bad loans
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Brazil:

Airlines are major creditors of Soletur
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Russia:

Govt to consider new version of bankruptcy law Tuesday
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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.