November 28, 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

         
Recession in US 'could be longer than last time'
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Lernout & Hauspie:

Lernout Assets Sold at Auction
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L&H to announce winning bids for 8 units
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Fleet Bank off the Hook Again in Credit Card Class Action
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Steel:

LTV Union, Creditors Agree on Revised Contract to Save Company
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U.S. Plans 20% Cut in Steel Output, Envoys Tell Korea
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Steel Imports Up in October
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Savvis Warns of Possible Bankruptcy - Firm Has Defaulted On $235 Million
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Airlines:

Bankrupt Midway Airlines Begins Preparations to Return to Air
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US Airways CEO out
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Air NZ gets $415M government bailout
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Senate candidate says bailing out airlines was wrong
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Belgian DAT prospectors to get biz plan next week
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Former Canada 3000 workers head to Ottawa demanding transport minister resign
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Air Industry Axes More Jobs
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CMI Industries files for Chapter 11 bankruptcy protection
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Enron:

Enron Is History, Says History
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The Incredible Shrinking Enron
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New Negotiations for Enron Purchase
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Dynegy, Enron back to square one
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Enron's price no object to Dynegy investors
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Dynegy-Enron Deal Concerns California AG, Says Bankruptcy Would Be Preferable
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Enron, Dynegy pursue the right price
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C2 Media Seeks Court Approval Of Asset Purchase Agreement
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Property Value of Orlando Towers Debated in Bankruptcy Court
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Fire Could Not Stop a Mill, but Debts May
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Exodus Runs Short Of Options
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Valley Media Wins OK To Use Lender's Cash Collateral
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Chiquita Brands Expects to File
Prearranged Plan to Reorganize
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Federal agency to take responsibility for Payless pension plan
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  Asbestos:

Delaware asbestos cases go to Newark, N.J.
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Group Sues WR Grace, Seeks Medical-Monitoring Program
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Melvyn Weiss Asks Billions From Wall Street in IPO Civil Suits
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Bankruptcy Judge tentatively rejects bid to turn LA's Ambassador hotel into school
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Power Utilities:

Calif. PUC opposes PG&E bankruptcy plan
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PG&E Responds to Objections Filed by CPUC
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Calif. conservation group hits PG&E reorganization
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California Public Power Authority Chief Recommends Renegotiation of Contracts
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Sunbeam reorganization deadline extended
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Sulzer:

Sulzer Medica Opposed to Unilateral Patients Compensation
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Sulzer Medica Won't Boost $783M Settlement Offer
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Law Firm Restructuring:

Brobeck Hale & Dorr Cuts 7 Lawyers in the U.K.
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Telecoms:

Justice Dept. OKs Government Settlement With NextWave Over Wireless Spectrum
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US House panel work on NextWave legislation
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General DataComm to Use Cash Collateral to Pay Workers
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In bankruptcy, PSINet gets `90 percent off' tag
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At Home may kill service
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Rogers under gun in @Home transfer: May be only 2 days left: Only 140,000 of 422,000 high-speed Internet clients have been moved
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Rumors Abound Of @Home Shutdown
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Shared Tech Cellular Seeks To Use Cash Collateral To Jan
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Telecom equipment shakeout coming in 2002
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ExciteAtHome could cease service on Nov. 30
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Buying Into A Recovery - A burst of mergers is the latest of many sudden signals that a recovery may be around the corner
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Ames to Shut Ohio Distribution Facility
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Space Liquidators Unload Real Estate
Left Behind When Big Chains Go Bust
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Fighting to save Queens riverboat, Owner in bankruptcy
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Fitch warns of "subdued" outlook for US retailers
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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:

Legislators Indicate Bankruptcy Legislation Meetings Will Move Forward

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Sovereign Debt:

IMF mulls sovereign debt protection
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IMF Considers New Policy
For Liability Restructuring
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IMF in support of bankruptcy plan
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Bankruptcy Judge: Nesco can stay open
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Court Approves Loewen Group's Collateral Trust Deal
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Commercial Collection Placements Soar in Third Quarter
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Clampdown on Business Lending
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Black Diamonds’ court schedule extended into ‘02 - Lawyer complains about owner as deadline is set for liquidation plan
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Bankrupt Memphis, Tenn.-Area Home Builder to Auction Real-Estate Holdings
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Japan:

Japan bankruptcy piles pressure on weaker firms
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Niigata Engineering seeks court protection
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Germany:

German film group Kinowelt flickers
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Korea:

GM taps Reilly to lead Daewoo takeover
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Norway:

Surprise end to Kvaerner saga
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Norway's Kvaerner To Merge With Aker Maritime
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Yukos Oil supports Kvaerer, Aker Maritime agreement; withdraws its plan
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Canada:

Knowledge House Inc. Proposal Accepted by Unsecured Creditors
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Mexico:

Mexican Cos Go To Extra Lengths After Sanluis Default
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England:

Byers in row over missing record of Railtrack meeting
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Lloyd's likely to find out what's in a Name: Jane Croft and Andrea Felsted explain the implications for investors in the insurance market of its biggest single loss
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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.