November 14, 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

         
Toss your Code
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Standards Getting Tighter for Loans
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SunGard to appeal if court halts bid
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Leiner Health Products expected to file for bankruptcy
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Sovereign-Immunity Claim Doesn't Fly in 5th Circuit Sequestration Dispute
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Telecoms:

Classic Communications goes bankrupt
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Classic Communications to restructure under Chapter 11
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At Home-Excite: a failure on many fronts
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Globalstar flirts with Chapter 11
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Future uncertain for NextWave pact
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Globalstar posts loss, finalizing bankruptcy plan
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Takeoffs rocky for satellite telecoms firms
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Covad: Is fully-funded plan reasonable?
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Covad Gets $150M Loan From SBC
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OrbImage Announces Management Shake-Up
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Blind Eyes, Bad Behaviour And Nasties In The Woodwork
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Wanted: ruthless axeman with people skills
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Warnaco Inc. Announces Availability Of Additional Retail Leases
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GC Cos Wins 30-Day Extension Of Co-Exclusivity Period
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Federal Judge Dismisses Former Rite Aid Lawyer's Fraud and Unjust Enrichment Claims
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Dow Jones sues Cantor Fitzgerald over Bridge guarantees
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Chiquita Must Woo Bondholders To Get Deal Through Ch 11
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Economy:

Deflation not likely to happen
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The perfect storm tears heart out of the US economy
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Plan consolidates movie chain ownership
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Bankruptcy - The good, the bad and the unfortunate
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U.S. Supreme Court Enforces Deadline to Sue Over Credit Reporting Problems
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Insurers Send Out Cancellation Warnings, as Terror-Protection Bill Stalls
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Credit Card Firms Follow Fed with Rate Drops
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Sulzer:

Blasted as Unfair, Nationwide Hip Implant Settlement Is in Trouble
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Sulzer says not liable for Medica problem
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More Than One-Third Of Jobless Americans Lack Health Insurance; Surge In Unemployment Threatens Access To Care
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Severance waived by Enron CEO
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Power Utilities:

Lawmakers examine relationship between state's grid and traders
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Steel:

Steelmaker seeks extension on filing reorganization plan
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Warren, Ohio, Steel Parts Maker Feels Fallout of Neighbor's Bankruptcy
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ITC rules Japanese cold-rolled steel hurting U.S. steelmakers
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  Airlines:

Fort Worth, Texas-Based Bankrupt Air Cargo Carrier May Not Survive Bad Economy
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Airlines on Course for a Restructuring - Number of Carriers Could Drop; Fares May Rise
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IATA freezes transfer of payment to Canada 3000
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Hopes persist for saving part of Canada 3000
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Canada 3000 creditors scramble to grab its assets
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Airline Losses Expected to Surge After N.Y. Crash
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U.S. Airlines Seek Extension on $2 Bln Deferred Tax
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America West seeks help as airlines suffer
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At least three groups interested in buying parts of Canada 3000, trustee says
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Fields Aircraft Spares to Emerge From Bankruptcy
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Crash ends hopes of tourist recovery
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Delta Offers Special Fares to Sabena Customers
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Workers gloomy about finding jobs in troubled industry
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Deserting aircraft
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Buyers jump on bargain airline stocks
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Crash Is Another Bad Jolt for the Airlines
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Asian Airlines Seek State Help
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Dotcoms:

Dot-Commers Who Won't Say Die
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St. Louis Court Gives Failed Internet Startup Green Light to Sell Database
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Dot-com bust hits stage in Silicon Valley
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Dialpad looks like dot-bomb
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Harpeth Capital Announces Completion of Asset Sales From Health Risk Management, Inc. Bankruptcy Proceeding
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ANC:

ANC Rental driven into Chapter 11
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ANC Seeks Bankruptcy Protection
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Car Rental Cos. Out of Cash
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National Car Rental and Alamo Continue Normal
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Perot Systems Comments on ANC Rental's Bankruptcy
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Reservations grow over rental -car industry's weak links
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Spinnaker:

Spinnaker gets stuck in bankruptcy
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Spinnaker Industries files for Ch. 11,to delist stock
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Rhode Island: Index forecasts gloomy outlook for state's economy
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Chiquita:

Chiquita senior debt holders to get 88% of firm
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Changes coming to Chiquita
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Chiquita hopes worst is over
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Chiquita reinforced by plan to slash debt
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Victory for shipyards on Title XI funding
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Bankrupt Oklahoma Restaurants Will Not Pay Ex-Employees for Last Days of Work
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Reform:

Key Financial Industry Groups Request House and Senate Passage of Financial Contracts Netting Provisions
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Bankruptcy Reform Conferee Meeting Today
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Postponed Bankruptcy Bill Meeting Reset

Momentum Builds For US Derivatives Insolvency Bill
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Creditors upset by Gosman's transfer of stake in mansion
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Columbia, S.C.-Based Physician-Management Company Files for Bankruptcy
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Goldman Sachs knew about 30-year bonds
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England:

Costliest case in history?
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Life firms 'face financial ruin'
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Duke Street sues E&Y
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Liquidated liquidators
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Law case review - No automatic right to recoup costs
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Bank accounts for people with debts
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Poland:

Stiffened Bankruptcy Notification Requirements
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Negotiations Over Daewoo's Future on Hold
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Court Dismisses Bankruptcy Motion Against FSO-Daewoo
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Korea:

Ssangyong Motor rescue postponed
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Daewoo denies liquidation
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Creditors to write off 75% of loans to Hynix
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High Interest Loans to Households Feared to Bring About Bankruptcies
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France:

SEB unable to re-start activities at ex-Moulinex sites
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Moulinex workers fired up over pay-offs
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Mixing it
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India:

Bill must pass the equity test
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Russia:

Russian cabinet fails to reach consensus on amendments to insolvency law
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Italy:

Unpaid players could force Fiorentina into bankruptcy
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China:

Guangdong Trust, China's Biggest Bankruptcy, to Auction Off Hotel Assets
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Japan:

Banks in crisis under mountain of bad debt
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Japan Govt: Economy Worsening Further; Cuts Assessment
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Japan October Corporate Bankruptcies Rise 11.3%
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Japanese banks
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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.