November 13, 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

         
Firm targets asbestos claims
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DOJ, Disaster Recovery Companies Await Ruling Over Proposed Merger
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Telecoms:

NextWave settlement will pay off
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NextWave Licensing Deal Stalled Over Dates, Legislation
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VoiceStream Strikes Deal to Acquire MobileStar's Assets
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Sector watch: telecom
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Economy:

Profits off 72 percent in third quarter
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The rising risks of falling inflation
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Profits: There's Bad News, and There's...Bad News
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Enron:

Enron, we hardly knew ye
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S&P Says Doesn't Fully Understand All Enron Partnerships
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Dotcoms:

Exodus says its stock 'likely' will have no value
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InfoSpace agrees to buy Excite.com
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Ex-CEO Comes Back to Ardent - Internet and Web Services Firm Seeks to Exit Chapter 11
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Teradyne Gets $3.4M Break-Up Fee From E-M Solutions
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Loews:

Onex-led group in throes of buying Loews: Investment group to swap $300-million of debt for equity: Restructuring plan
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Onex set to take over Loews
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Law Firm Restructuring:

Toppling Tower - At Brobeck, the behind-the-scenes drama to unseat the firm's chairman
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US firms split over cutbacks - Skadden Arps, Cleary Gottlieb rule out lay-offs; but other US firms are not so sure
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Cleary Associates Must Wait for Word on Bonuses,
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2001 NLJ 250 Survey Of Largest Law Firms Reveals A New Climate Of Layoffs, Mergers And Globalization; Big Firms Get Bigger As Associates Hunker Down and Litigators Thrive
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Law firms feeling the pinch of slumping economy - Foster Pepper & Shefelman trims staff by 11 percent -- 'highly probable' elsewhere
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Head of Epic Resorts is alleged to have shifted assets
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Bradlees Expects To Distribute $84M Under Amended Plan
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Power Utilities:

San Francisco ballot bid to unplug PG&E fails
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Brownsville: Bankruptcy claims up since Sept. 11
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Zama Networks files for Chapter 7 bankruptcy
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Seattle: Beach condos sit high, dry; tide may change with filing
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Insurance market is primed for a spike in reinsurance rates
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Insurers Face NY Crash Claims, Woes Mount
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  'No Action' Clause Dooms Novel Bondholder Lawsuit
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Enron:

Basic principle of accounting tripped Enron
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Dynegy's Rushed Gamble on Enron Carries Some Big Risks
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Airlines:

Don’t Rescue the Airlines
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N.Y. crash could trigger bankruptcies
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Securing frequent flyer miles against bankruptcy is reassuring, but probably not necessary
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Widespread Chapter 11 Filings Likely Despite Bailout
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Disaster Fuels a Growing Fear of Flying
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Confused over compensation?: Many Canada 3000 ticketholders won't get their money back
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Struggling Airlines Face New Woes After Crash
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Crash ends hopes of tourist recovery: Visitors Fears for long-haul trade if tragedy not accidental
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National Airlines files bankruptcy plan
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Travel recovery grounded
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New York Crash Comes at a Trying Time for Airlines and Their Passengers
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Crash Could Push Airlines Into Bankruptcies - Airlines Were Already Reeling From Sept. 11
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Travel agencies face turmoil - Airline collapse may leave some in bankruptcy
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US Airway's path gets steeper still
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There's still hope to save parts of Canada 3000, says trustees' lawyer
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Likely suitors to pick over Canada 3000: 'Expressions of interest'
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End of love affair with air travel
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Airlines face renewed crisis of confidence

Use 'em or Lose 'em - What happens to those frequent-flier miles if the airline stops flying?
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JAL bolsters market share by acquisition of domestic rival: Third-largest airline
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Restructuring . . .

Ciena slashing 10 percent of jobs
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Cattle fraud allegations betray friendship, trust
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Court OKs Rules For ABC-NACO Auction, $20M DIP Loan
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Chiquita:

Chiquita handed over to creditors
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Chiquita arranges bankruptcy with debtholders
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Chiquita to File for Bankruptcy
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Chiquita, Bondholders Reach Deal
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Steel:

Bethlehem Steel to cut 400 more salaried workers
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Bethlehem Steel Continues Discussions With Steel Union
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LTV Workers Discuss Early Retirement Options
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Schools hope Steel eventually pays taxes
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Trump:

Trump Rolls the Dice with His Creditors - He's betting that they'll rework his debt to avoid a default
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Trump Bondholders Show Defiance Against Negotiating
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Porn takes its bumps post-Sept. 11
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Rust Belt Is Mired in Worst Downturn in Nearly Two Decades
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Boom Town: Tech companies find few buyers even at discount
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Assisted Living, Insurers Dispute Former Execs' Coverage
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Credit-Card Issuers Struggle as Borrowers Keep Falling Behind
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Firms Wary of Challenging Asbestos Claims
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France:

Bidders for Brandt have until mid-December to finalise offers
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Workers torch bankrupt company
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French rig bankrupt factory with explosives
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Moulinex Employees Threaten To Blow Up Plant
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Argentina:

Thinking the Unthinkable in Argentina
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New Argentine Loan Ruled Out
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Japan:

Asahi Bank to unload 200 billion yen in bad loans
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Abandoned pets a sign of the slump - Furry friends become latest victims of nation's economic malaise
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Insurers ponder difficult days ahead
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S&P Says Slow Reforms Increasing Japan Corp Default Risk
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Canada:

Bankrupt Uniforet gets extension
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England:

Railtrack shareholders the villains in play written by public
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Insurer inquiry is slow going
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Brunei:

Creditors to sell Amedeo debts
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Mexico:

Sanluis In Virtual Bankruptcy
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Russia:

Russian premier explains why insolvency law should be amended
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Govt to examine new wording of law on bankruptcy
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Number Of Bankruptcy Cases Will Be Growing
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.