November 16, 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

         
Law Firm Restructuring:

Proskauer Joins Layoff Spree
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Sullivan says bonuses will stand
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Brobeck Taps L.A. Partner As Chairman
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Quality Stores To Shutter 89 Stores
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Subprime Loans Cross Income Lines
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A Quick Change in Fortune Dulls the Glimmer of Houston
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Telecoms:

At Home valuation takes hit
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Phoenix rises from dot-com dustbin by buying bankrupt high-speed ISPs
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AT&T CEO Tries to Hold On to an Icon
Loaded With Debt, Hit by Competition
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Look Communications to turn to creditors for vote
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Globalstar Expects To Have $45M In Cash At Year End
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Teligent's Problems Deepen
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Blasted as Unfair, Nationwide Hip Implant Settlement Is in Trouble
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Conseco seeks support in New York
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Moody's credibility slips after Enron capitulation

Federal-Mogul loss reaches $857.2 million
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NetLibrary Files for Bankruptcy Protection, Fields Offer From Nonprofit for Its Assets
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Atlanta-Based Hotel Owner-Operator Warns Loan Payment in Trouble
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Negative cash flow reported by Aladdin
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Arizona Bankruptcies Soar as Confidence Drops
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  Burlington:

Burlington declares bankruptcy
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Burlington Industries seeks bankruptcy protection to reorganize
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Observers confident Burlington Industries will survive bankruptcy
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Los Angeles: Bankrupt Airport Cab Firm Nearly Loses Fleet
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Archibald Candy unit, Sweet Factory, files bankruptcy
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SunGard clinches Comdisco
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Dotcoms:

Focus-Dot-com bust hits the stage
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Bankrupt Excite Reports 3Q Loss As Cox Cuts Ties
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Airlines:

Canada 3000 workers to get last paychecks
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New Midway Airlines would be very different
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Passenger Rights If An Airline Fails
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Investigating judge opens probe into Sabena bankruptcy proceedings
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US Airlines Receive Fraction Of $15 Bln Federal Bailout
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Canadian Airline's Demise Adds to Industry Woes
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Asbestos, Bane Of Bonds, Seen Unlikely To Pop Crown Cork
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Power Utilities:

Consumer group again seeks to stay SCE rate deal
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San Francisco's Tight Vote on Utility Decided Little
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Semi-Tech Estate Sues Bankers Trust Ex-Execs For $578M
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Viasource:

Viasource declares bankruptcy
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Viasource Communications files for Chapter 11 reorganization
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Steel:

Steel Tariff Changes Could Hurt U.S.
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Geneva Steel faces bankruptcy again
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Startec Global warns of bankruptcy
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Court Approves Bid by Pegasus/KPS to Acquire Assets of Genesis Worldwide
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Economy:

The pace of layoffs speeds up as the economy slows down
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Could We Face Another Depression?
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Plummeting oil prices could bring badly needed relief to battered U.S. economy
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Vasquez defends role in O.C. bankruptcy
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Japan:

Failure to reform will doom the economy
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Banks toppling under FSA plan
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Korea:

Hynix debt now worth 25.5 pct of face value
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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.