November 20, 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

         

Polartec maker may seek bankruptcy protection
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Lawsuits pile up against once-bullish companies - Investors look to lay blame for falling shares
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Bankruptcy Reform:

Growing Support For International Bankruptcy Procedure

Treasury Official Urges Passage Of Financial Netting Law

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ANC:

ANC's woes could harm AutoNation
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Car Rental Giant ANC Vows to Stay Intact
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ANC Rental Bankruptcy Could Cost AutoNation $50M-$150M
(WSJ: separate paid subscription required)

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Anti-predatory bill signed in California despite doubts
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Simon Worldwide Casts Doubt
On Ability to Continue Operations
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Court Approves Bid for Bankrupt Dayton, Ohio-Based Maker of Coil Processing Equipment
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Telecoms:

No more room at the mobile inn?
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Chase Says Motorola Should Pay $300 Mln Iridium Debt
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Globalstar Bankruptcy Looms As Losses Continue
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Texas Group Investing $10 Million to Pull Bankrupt Telecom Firm Out of Bankruptcy
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NextWave Spectrum Saga Nears End
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FCC Counts On $10 Billion From NextWave Deal
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Tech near-casualties 'scrape by on fumes': Cash-strapped survivors see their stocks soar
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Forstmann's CLECs face mounting debt load and radical surgery
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Richmond, Va.-Based Cavalier Telephone to Buy Most of Bankrupt Rival
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Thermadyne:

Thermadyne files for Chapter 11
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Thermadyne announces Chapter 11 bankruptcy filing
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Fansteel Likely to File for Bankruptcy
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Pinnacle Holdings Inc. Announces Sale of Colocation Properties in St. Louis for $22 Million; Receives Forbearance on Senior Credit Facility
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Workouts save banks', companies' business
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Bankruptcy Court Approves Sale Of 22 Southwest Supermarkets
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Private sector seen to help bear cost of debt crises
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A Master Deal Maker Got More Than He Bargained For
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Dotcoms:

SafeWeb goes down for the count
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Nvst.com Inc files for Chapter 11 protection
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Credit Suisse's Muehlemann Faces First Loss as CEO
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  Komag Drops E&Y Over Bankruptcy Waiver Issue
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Judge rules against utilities in Ames case
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Sulzer:

Sulzer Medica fends off plaintiffs and 'vultures'
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Sulzer Medica postpones shareholder meeting, bankruptcy possible
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Sleepmaster's DIP subject of hearing
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Bankruptcy protection sought by one of the nation's largest seafood distributors
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Airlines:

Nation's airlines are at risk of going under
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US Airways Announces $404 Million Refinancing Deal; Gives No Details
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The Airline Bailout Sets a Bad Precedent
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Heavy Debt Could Make Regulators Lean Toward Mergers
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For Air Canada, Dominance Is a 'Curse'
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On a wing and a prayer: Canada 3000's bet
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Bottom-Feeders On The Prowl
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HP loses Comdisco unit; may lose breakup fee
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L&H unit Kurzweil Education in management buyout
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Trial Lawyers Question Crown Cork & Seal Credibility - Annual Report Differs Substantially From Bankruptcy Warnings Voiced to Legislators
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California Music Wholesaler Valley Media Seeks Last-Minute Rescue from Lenders
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Investors Looking for Answers in Enron Filing
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Mutual Risk Management Receives Waiver From Senior Lenders
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NESCO Reveals Falsities in Bookkeeping
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Aladdin:

Aladdin obtains financing to operate in 2002
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Casinos lift Aladdin curse
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Enron:

Dynegy Is Preparing To Take Over Enron - And Its Myriad Problems
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Some Pension Funds Consider Legal Action Against Enron
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Enron Reduces Earnings, Warns $690 Mln Payment Due
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Lawmaker Seeks Probe Of Arthur Andersen
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Investors Looking for Answers in Enron Filing
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Enron sounds debt alarm, reduces reported earnings
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Did Ken Lay Understand What Was Happening at Enron?
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Restructuring . . .

Alcoa cuts 6,500 jobs
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Plante & Moran Expands its Corporate Restructuring Practice
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Suit sorts through blame for Across Media's fall -Illustration of the increasing need to assign blame as more and more companies fail
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Is Classic Communication's Bankruptcy First of Many?
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Maxicare Health Plans Posts Loss, Notes Bankruptcy
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Franchise Loan Defaults Quadruple In 2001
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Coram Reports Results of Vote on Plan of Reorganization
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Entrepreneur Buys Bankrupt "Custom Shop" Brand; Reopens Location in Detroit
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Economy:

New-home building falls 1.3 percent
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Oil prices slide below $17 a barrel
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Hiring seen flat until spring
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Japan:

Report Says Banks May Write Off $49 Billion In Bad Loans

Small change for FSA could be costly for Japan
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Worst yet to come, says BoJ forecast
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Govt Funded Ops Major Obstacle For Japan's Econ Recovery
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Japan's consumer lenders suffer rising bad debts
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Canada:

Sam trying to save Halifax store
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Skeena Cellulose future in doubt
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Northern Savings Credit Union cautious about participating in Skeena deal
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China:

China begins first bad debt auction
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England:

BCCI Liquidators Reach Deal With 'bin Laden Link' Man
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Receivership levels surge
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UK's Byers faces Railtrack shareholders, investors today
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Norway:

Bondholders back Kvaerner refinance plan
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Kvaerner will keep shipyard, CEO says
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Korea:

Former Daewoo Chairman's hidden wealth revealed
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Hynix liquidation value set at $2.8B
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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.