November 2, 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

         
Fruit of the Loom:

Berkshire Hathaway buys Fruit of the Loom
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Buffett buys Fruit of Loom?
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Berkshire Hathaway Seeks to Buy Fruit of the Loom, People Say
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Asbestos:

Judge could alter asbestos claim valuations
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Asbestos Verdict Tarnishes Halliburton's Future
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Asbestos in Your Portfolio? Call 1-800-SELLNOW!
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U.S. office vacancies rising
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Pacific nation fears bankruptcy after multinational scam
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Economy:

Consumer Spending Plunges 1.8 Pct.
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Consumers Cut Back Spending to Lowest Level in 15 Years, Manufacturers Follow With Cuts in Production
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U.S. - Manufacturing Buckles At The Knees

U.S. economy in the tank
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Say it, R-E-C-E-S-S-I-O-N , Baron von Margin Call
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Snapshots of a post-attack economy
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Wolf Camera seeks court OK for employee retention program
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Enron:

Houston, we have a problem The troubles of Enron, a Texan powerhouse in the energy markets, could result in a new financial crisis
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Non-Energy Deals, Questionable Investments Help Put Enron in Downward Spiral, But Analysts Believe Bankruptcy Unlikely
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Restructuring . . .

Hudson-based ACT reveals scale of recent layoffs, earnings woes
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Layoff roundup: week ending Nov. 1
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Two indicted in bankruptcy cases
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Authorities will press bankrupt Chemetco for cleanup at closed plant site
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Polaroid:

Wal-Mart backs off claim that it has exclusive right to Polaroid 35 mm film sales
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Polaroid Seeks Court Approval For Employee Severance Plan
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Wal-Mart Says Deal To Sell Polaroid Film Not Exclusive
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Bidders for Polaroid's ID Card Business Say Unfair Rules Abound
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Hampshire stands behind bid for Polaroid ID
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Borden Chemicals Seeks Court Approval for Additional Postpetition Financing
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Northrop Ends Cruise Ship Project
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Quality Stores:

Quality Stores plows into bankruptcy
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Farm & Fleet parent company to close 133 stores
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Quality Stores, Inc. Files Voluntary Chapter 11 Petition Under U.S. Bankruptcy Code
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Car boom is costly for automakers
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Battling For Comdisco's Business Unit
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Hawaiian aquaculture firm faces involuntary bankruptcy
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Dallas Judge Puts Physician Association into Bankruptcy
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Trump:

Trump Seeking Better Deal On Casinos Debt
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Trump Dumps On Bondholders - Says He Has The Means To Pay, But He Would Rather Not
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  Airlines:

UAL Has Worst Loss in 75 Years
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A To-Do List for United's Mr. Fix-It
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America West gets default notices on some jet leases
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Ailing Airlines - An Industry In Crisis
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Airport Security Firm Gets Six-Week Lifeline In Bankruptcy Court
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America West Talks With Lessors
About Its Default on Plane Leases
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IBM drops bid for Atraxis
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United's Parent Company Reports $1.16 Billion Quarterly Net Loss; Delta Loses $259 Million
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Fear Factor Boosts Business for Air-Charter Companies
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Air Canada hits stalemate over payroll
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America West Airlines says it'll survive
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Air Afrique Resumes Some Flights
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Airline Losses Are Steep But Not Surprising
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Swissair rescue hopes brighten
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The Sleazy Skies - The Airlines' Great Plane Robbery
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Delta to lay off 2,000 workers; 11,000 to go voluntarily
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Law Firm Restructuring:

Shearman & Sterling Layoffs Augur Tough Times
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Carroll, Burdick Halts Summer Associate Program
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Telecoms:

At Home bondholders hammer away at AT&T
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Nx Networks to file for bankruptcy protection
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Nx Networks To Seek Chapter 11 Protection
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NextWave Will Sell Its Wireless Licenses
To Telecoms as Part of Government Deal
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NextWave Settlement Faces Hurdles
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Debt-ridden Lucent in pursuit of positive Ebitda
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In Their Debt - Buying Covad's distressed bonds made you nice cash in a bankruptcy deal. But making a killing on other suffering techs is a long shot
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Oklahoma: CNI steps back from bankruptcy
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Santa Barbara, Calif.-Based Casual Clothing Retailer Won't Buy Bankrupt Crazy Shirts Chain
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Allegations of Creamery mismanagement are exaggerated, owner says
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Kentucky Court Approves Medical Manufacturer's Plan to Emerge from Bankruptcy
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Aladdin, club in dispute over Carmen Electra's Vegas show
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Dotcoms:

Exodus Communications' DIP pact draws objections
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Exodus Communications' DIP Pact Draws Objections
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IBeam Wins Approval Of Sale Procedures, $18M DIP Loan
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Lernout & Hauspie Speech Products N.V. Obtains U.S. Bankruptcy Court Approval of Bidding Procedures and Sets Date for Auction
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Acquisition Deal of St. Paul, Minn.-Based Video Update Encounters Problems
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Lechters Asks To Alter Loan Terms For Wind-Down Budget
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Gloomy Times for Sun as Resellers File for Bankruptcy
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Employee-Led Investor Group Completes Buyout of Bankrupt Stonebridge Technologies
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Fall In U.S. Corporate Sector Capital Spending To Lowest Level Since 1958, First Harbinger Of Slackening In Debt Issuance

Sulzer Medica's $780 Mln Accord Failing, Lawyers Say, Bankruptcy Possible
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Firms Left Holding The Bag As Clients Tank
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Home of the Heisman May Have to Shut Doors
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Baldwin Piano:

Two groups make offers for Baldwin - New ownership likely by year-end
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Deadline for bankrupt Baldwin
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Gibson Guitar Corporation to buy Baldwin Piano Company
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Power Utilities:

Renne, PG&E in latest installment of theatrics
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Consumer Group To Ask Judge Fri To Block SoCal Ed Deal
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Calif. PUC Asks Pacific Gas For 2003 General Rate Case
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Phoenix Restaurants:

Parent of Black-eyed Pea, Denny's seeks Chapter 11 bankruptcy protection
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Phoenix Restaurant Group, Inc. to Restructure Operations After Involuntary Filing
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Paul Harris loyalists flock to new store
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Aid proposal for insurers reached - Insurers would pay first $10 billion in any future terror attack
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Privacy issues start to re-emerge
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Des Moines: Crestland aims to complete reorganization early
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Sales tax-holiday proposal gains steam
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Albuquerque, N.M.-Based Health Care Firm Under Reorganization Deadline
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Steel:

Acme Metals aid may come too late
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Two Creditors Oppose Bethlehem Steel's $450M DIP Loan
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Embattled Weirton, W.Va., Steel Company Seeks Noteholder Concessions
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Federal Agency May Take Over Empire Specialty Pension
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England:

EU to end Gibraltar's tax haven status
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Railtrack still at junk bond status
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Byers Lays It On The Line Over Railtrack
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Canada:

PhotoChannel's U.S. unit gets overexposed
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PhotoChannel, Inc. files Chapter 7
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PhotoChannel changes focus as U.S. unit files for bankruptcy
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Argentina:

Argentina Seeks to Restructure Way Out of Crisis
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Japan:

Ergotech Files For Court-Led Rehabilitation
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Korea:

60 Pct of Firms Feared to Face Insolvency
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No. 3 chipmaker Hynix holds off loan defaults
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Twenty Five South Korean Firms Asked To Close By Creditors

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Japan:

Okinawa Credit Association files for bankruptcy
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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.