November 29, 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

         

Enron:

Enron on edge of collapse - Stock value plunges as Dynegy bails out; bankruptcy expected
(DBN Subscription Required)

Bankruptcy Filing by Enron Could Be Largest Ever
(DBN Subscription Required)

Enron Preparing Bankruptcy Filing
(DBN Subscription Required)

J.P. Morgan says unsecured Enron exposure $500 mln
(DBN Subscription Required)

An Implosion on Wall Street
(NYT: separate free registration required)

Enron's Board Was Compromised by Financial Ties, Experts Say
(DBN Subscription Required)

Enron reels as Dynegy walks
(DBN Subscription Required)

Traders had already avoided exposure
(DBN Subscription Required)

Last rites
(DBN Subscription Required)

Enron teeters on the brink - 'It's the end'
(DBN Subscription Required)

A Bankruptcy Filing Might Be the Best Remaining Choice
(NYT: separate free registration required)

Enron woes seen fueling legal feeding frenzy
(DBN Subscription Required)

Enron Collapse Could Scramble Energy Markets
(DBN Subscription Required)

Enron staff somber, concerned
(DBN Subscription Required)

Enron Workers' 401(k) Plans Depleted; Job Cuts Next
(DBN Subscription Required)

Enron Won't Regain PG&E Committee Seat
(DBN Subscription Required)

Enron's Woes May Ripple Out to Others
If Energy Company Files for Bankruptcy
(WSJ: separate paid subscription required)

Giant Enron teeters after takeover fails: Dynegy move may trigger biggest corporate collapse
(DBN Subscription Required)

Financial system braces for a chain reaction
(DBN Subscription Required)

Enron Faces Bankruptcy as Dynegy Abandons Purchase
(DBN Subscription Required)

Enron Woes To Hit Metals Liquidity, Lift Volatility
(WSJ: separate paid subscription required)

Downgrade is the final straw for Enron: Concern centers on fear of systemic risk to the energy markets
(DBN Subscription Required)

Dynegy calls off Enron deal
(DBN Subscription Required)

Chronology of Enron's History
(DBN Subscription Required)

JPMorgan Chase/Enron: Includes Credit Ltrs, Derivatives
(WSJ: separate paid subscription required)

Key US lawmaker doesn't see govt solution on Enron
(DBN Subscription Required)

Enron hires Blackstone for advice
(DBN Subscription Required)

As stunned traders watch, Enron's trading business evaporates
(DBN Subscription Required)

Enron Has Friends in High Places, No Help Likely
(DBN Subscription Required)

El Paso says sees no impact from Enron fallout
(DBN Subscription Required)

Enron Trade Partners Can Liquidate Positive Portfolios
(WSJ: separate paid subscription required)

Enron employees fatalistic as Dynegy deal crumbles
(DBN Subscription Required)

Enron Faces Bankruptcy After Merger Nixed
(DBN Subscription Required)

Mirant 'Confident' in Light of Enron Situation
(WSJ: separate paid subscription required)

FERC says monitoring Enron impact on power mkt
(DBN Subscription Required)

Credit Suisse declines comment on impact of Enron on its performance
(DBN Subscription Required)

"Vultures" To Descend On Enron, But After Bankruptcy
(WSJ: separate paid subscription required)

Enron woes send a shiver through Japan
(DBN Subscription Required)

Energy traders shun Enron as Dynegy deal unravels
(DBN Subscription Required)

Enron Mess Is No Long Term Capital Mgmt
(WSJ: separate paid subscription required)

Exelon says net exposure to Enron under $10 mln
(DBN Subscription Required)

Calpine Corp. says no net exposure to Enron
(DBN Subscription Required)

Enron debacle seen driving investors back to basics
(DBN Subscription Required)

SEC filing triggered merger crisis
(DBN Subscription Required)

Enron bonds plunge
(DBN Subscription Required)  

French banks lower on worries of possible Enron exposure
(DBN Subscription Required)

___________________

  Danger in the Bargain Bin - Lawyers are helping clients snap up cash-strapped companies - but they're finding the deals can be risky
(DBN Subscription Required)

Keeping it out of court
(DBN Subscription Required)

Payless Cashways pension in new hands
(DBN Subscription Required)

Savvis running out of cash
(DBN Subscription Required)

Bankruptcy law firm can't alter fee plan, judge rules
(DBN Subscription Required)

Airlines:

Bankruptcy of US Airways is probable
(DBN Subscription Required)

____________________

Lernout & Hauspie:

L&H auction closes book on fallen tech star
(DBN Subscription Required)

ScanSoft to Acquire Bulk of Lernout Assets
(DBN Subscription Required)

_____________________

Group Buys Bankrupt North Carolina Hospital, Promises to Reopen Facility
(DBN Subscription Required)

Chiquita:

Chiquita slips into bankruptcy
(DBN Subscription Required)

Chiquita Files Bankruptcy Plan
(DBN Subscription Required)

In Central America, Optimism About Chiquita's Bankruptcy
(WSJ: separate paid subscription required)

______________________

Law Firm Restructuring:

Layoff Rumors Anger Law Firm
(DBN Subscription Required)

Skadden's Non-NY Associates Get Smaller Bonuses
(DBN Subscription Required)

Dorsey & Whitney Freezes Associate Pay
(DBN Subscription Required)

__________________

Dotcoms:

InfoSpace Says Wins Approval to Buy Excite Assets
(DBN Subscription Required)

Dot-Com Is Dot-Gone, and the Dream With It
(NYT: separate free registration required)

____________________

Power Utilities:

SCE says appeals court refuses to stay CPUC deal
(DBN Subscription Required)

Calif. utilities, regulators feud over rate cases
(DBN Subscription Required)

Edison wins battle with consumer group over rates - Energy firm hinted at bankruptcy
(DBN Subscription Required)

PG&E's proposal contested - State regulators say the utility has no basis for using bankruptcy to avoid playing by California's rules
(DBN Subscription Required)

Court Is Urged to Reject PG&E Bankruptcy Plan, "a regulatory jailbreak?"
(DBN Subscription Required)

Federal Court OKs Edison Settlement
(DBN Subscription Required)

___________________

Steel:

LTV, unions spar over plant closings
(DBN Subscription Required)

Deal aims to save LTV - Union, creditors offer revised contract
(DBN Subscription Required)

Judge refuses to order LTV to stay open; another hearing set for Thursday
(DBN Subscription Required)

Bankrupt Ohio-Based Steel Company Elicits Interest from Two Bidders
(DBN Subscription Required)

LTV to stop steel production, maintain mills
(DBN Subscription Required)

LTV Chairman Clarifies Shutdown Plan
(DBN Subscription Required)

Trico deal could be bad news for Gulf States Steel
(DBN Subscription Required)

___________________

Maiden Mills:

Moody's Downgrades Malden Mills Debt
(DBN Subscription Required)

Corporate Icon Faces Slide Into Bankruptcy
(DBN Subscription Required)

____________________

Plexus to buy MCMS assets for $45 million
(DBN Subscription Required)

McCrory to Shut Discount Stores
(DBN Subscription Required)

Ownership Group for Tennessee Mall Says Foreclosure Issue May Be Resolved
(DBN Subscription Required)

Plano, Texas, Drugstore Operator Files for Bankruptcy
(DBN Subscription Required)

Floral Wants Second Extension Of Exclusive Periods
(WSJ: separate paid subscription required

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

DIP financing may make some sink
(DBN Subscription Required)

Letter from Delaware
(DBN Subscription Required)

Bankruptcy Reform:

IMF's Bankruptcy Plan May Take Time
(DBN Subscription Required)

IMF's "National Bankruptcy" Plan Takes a Corporate Approach
(DBN Subscription Required)

Wall St. gives IMF bankruptcy plan cool reception
(DBN Subscription Required)

Bankruptcy plan leaves IMF to fill in the detail
(DBN Subscription Required)

IMF Bankruptcy Proposal Will Deter Investment, Bondholders Say
(DBN Subscription Required)

____________________

Banks want litigation fund in Loewen case
(DBN Subscription Required)

Maine blanket maker begins reorganization effort
(DBN Subscription Required)

Fed: U.S. Economy Weakens
(DBN Subscription Required)

U.S. Stocks Fall, Led by Financial Shares; Citigroup Declines
(DBN Subscription Required)

Trump To Make $73M Payment On A.C. Bonds Wed
(WSJ: separate paid subscription required)

U.S. 10-Year Notes Rise After Fed Says Economy Still Weak
(DBN Subscription Required)

Firms urged to reassess risks amid economic slowdown
(DBN Subscription Required)

Zilog descending into bankruptcy
(DBN Subscription Required)

Telecoms:

At Home faces big court date
(DBN Subscription Required)

ExciteAtHome Service Hangs On Talks, Court
(DBN Subscription Required)

NextWave Deal May Suffer From Tight House Schedule
(DBN Subscription Required)

ExciteAtHome Battle Heats Up
(DBN Subscription Required)

AT&T Says Able to Keep ExciteAtHome Clients Online
(DBN Subscription Required)

____________________

Bankruptcy judge to rule on Harrah's lease
(DBN Subscription Required)

In 2001, debt doesn't seem to matter
(DBN Subscription Required)

Sulzer:

Sulzer holds firm on settlement
(DBN Subscription Required)

Sulzer Medica Says US Court Decision Possible Thursday
(WSJ: separate paid subscription required)

_____________________

$62 million sale of Bangor & Aroostook railroad in question
(DBN Subscription Required)

Restructuring . . .

IBM to Cut 1,000 Workers
(DBN Subscription Required)

__________________________

CMI:

CMI awaits DIP
(DBN Subscription Required)

CMI Industries Gets Interim OK For $10M DIP Financing
(WSJ: separate paid subscription required)

____________________

Polaroid Gets OK To Implement Employee Severance Program
(WSJ: separate paid subscription required)

In Trump Vs. Bondholders, The Donald Backs Down For Now
(WSJ: separate paid subscription required)

Aladdin bankers plan to auction hotel-casino in Las Vegas
(DBN Subscription Required)

Japan:

More retail misery for Japan
(DBN Subscription Required)

Another credit rating cut for Japan: S&P cites slow pace of reforms in downgrade to AA
(DBN Subscription Required)

Bank fears grow in Tokyo after engineer goes under
(DBN Subscription Required)

_______________________

England:

Collapse of rescue bid for Enron puts 5,400 jobs in the UK at risk
(DBN Subscription Required)

Cost of Terrorism Escalates Dramatically for Lloyd's of London
(DBN Subscription Required)

______________________

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm.
Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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.