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
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Bankruptcy Filing by Enron Could Be Largest Ever
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Enron Preparing Bankruptcy Filing
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J.P. Morgan says unsecured Enron exposure $500 mln
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An Implosion on Wall Street
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Enron's Board Was Compromised by Financial Ties, Experts Say
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Enron reels as Dynegy walks
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Traders had already avoided exposure
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Last rites
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Enron teeters on the brink - 'It's the end'
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A Bankruptcy Filing Might Be the Best Remaining Choice
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Enron woes seen fueling legal feeding frenzy
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Enron Collapse Could Scramble Energy Markets
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Enron staff somber, concerned
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Enron Workers' 401(k) Plans Depleted; Job Cuts Next
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Enron Won't Regain PG&E Committee Seat
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Enron's Woes May Ripple Out to Others
If Energy Company Files for Bankruptcy
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Giant Enron teeters after takeover fails: Dynegy move may trigger biggest corporate collapse
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Financial system braces for a chain reaction
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Enron Faces Bankruptcy as Dynegy Abandons Purchase
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Enron Woes To Hit Metals Liquidity, Lift Volatility
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Downgrade is the final straw for Enron: Concern centers on fear of systemic risk to the energy markets
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Dynegy calls off Enron deal
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Chronology of Enron's History
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JPMorgan Chase/Enron: Includes Credit Ltrs, Derivatives
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Key US lawmaker doesn't see govt solution on Enron
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Enron hires Blackstone for advice
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As stunned traders watch, Enron's trading business evaporates
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Enron Has Friends in High Places, No Help Likely
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El Paso says sees no impact from Enron fallout
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Enron Trade Partners Can Liquidate Positive Portfolios
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Enron employees fatalistic as Dynegy deal crumbles
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Enron Faces Bankruptcy After Merger Nixed
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Mirant 'Confident' in Light of Enron Situation
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FERC says monitoring Enron impact on power mkt
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Credit Suisse declines comment on impact of Enron on its performance
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"Vultures" To Descend On Enron, But After Bankruptcy
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Enron woes send a shiver through Japan
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Energy traders shun Enron as Dynegy deal unravels
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Enron Mess Is No Long Term Capital Mgmt
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Exelon says net exposure to Enron under $10 mln
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Calpine Corp. says no net exposure to Enron
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Enron debacle seen driving investors back to basics
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SEC filing triggered merger crisis
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Enron bonds plunge
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French banks lower on worries of possible Enron exposure
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  Danger in the Bargain Bin - Lawyers are helping clients snap up cash-strapped companies - but they're finding the deals can be risky
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Keeping it out of court
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Payless Cashways pension in new hands
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Savvis running out of cash
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Bankruptcy law firm can't alter fee plan, judge rules
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Airlines:

Bankruptcy of US Airways is probable
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Lernout & Hauspie:

L&H auction closes book on fallen tech star
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ScanSoft to Acquire Bulk of Lernout Assets
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Group Buys Bankrupt North Carolina Hospital, Promises to Reopen Facility
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Chiquita:

Chiquita slips into bankruptcy
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Chiquita Files Bankruptcy Plan
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In Central America, Optimism About Chiquita's Bankruptcy
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Law Firm Restructuring:

Layoff Rumors Anger Law Firm
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Skadden's Non-NY Associates Get Smaller Bonuses
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Dorsey & Whitney Freezes Associate Pay
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Dotcoms:

InfoSpace Says Wins Approval to Buy Excite Assets
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Dot-Com Is Dot-Gone, and the Dream With It
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Power Utilities:

SCE says appeals court refuses to stay CPUC deal
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Calif. utilities, regulators feud over rate cases
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Edison wins battle with consumer group over rates - Energy firm hinted at bankruptcy
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PG&E's proposal contested - State regulators say the utility has no basis for using bankruptcy to avoid playing by California's rules
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Court Is Urged to Reject PG&E Bankruptcy Plan, "a regulatory jailbreak?"
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Federal Court OKs Edison Settlement
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Steel:

LTV, unions spar over plant closings
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Deal aims to save LTV - Union, creditors offer revised contract
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Judge refuses to order LTV to stay open; another hearing set for Thursday
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Bankrupt Ohio-Based Steel Company Elicits Interest from Two Bidders
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LTV to stop steel production, maintain mills
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LTV Chairman Clarifies Shutdown Plan
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Trico deal could be bad news for Gulf States Steel
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Maiden Mills:

Moody's Downgrades Malden Mills Debt
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Corporate Icon Faces Slide Into Bankruptcy
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Plexus to buy MCMS assets for $45 million
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McCrory to Shut Discount Stores
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Ownership Group for Tennessee Mall Says Foreclosure Issue May Be Resolved
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Plano, Texas, Drugstore Operator Files for Bankruptcy
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Floral Wants Second Extension Of Exclusive Periods
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

DIP financing may make some sink
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Letter from Delaware
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Bankruptcy Reform:

IMF's Bankruptcy Plan May Take Time
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IMF's "National Bankruptcy" Plan Takes a Corporate Approach
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Wall St. gives IMF bankruptcy plan cool reception
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Bankruptcy plan leaves IMF to fill in the detail
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IMF Bankruptcy Proposal Will Deter Investment, Bondholders Say
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Banks want litigation fund in Loewen case
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Maine blanket maker begins reorganization effort
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Fed: U.S. Economy Weakens
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U.S. Stocks Fall, Led by Financial Shares; Citigroup Declines
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Trump To Make $73M Payment On A.C. Bonds Wed
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U.S. 10-Year Notes Rise After Fed Says Economy Still Weak
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Firms urged to reassess risks amid economic slowdown
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Zilog descending into bankruptcy
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Telecoms:

At Home faces big court date
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ExciteAtHome Service Hangs On Talks, Court
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NextWave Deal May Suffer From Tight House Schedule
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ExciteAtHome Battle Heats Up
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AT&T Says Able to Keep ExciteAtHome Clients Online
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Bankruptcy judge to rule on Harrah's lease
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In 2001, debt doesn't seem to matter
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Sulzer:

Sulzer holds firm on settlement
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Sulzer Medica Says US Court Decision Possible Thursday
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$62 million sale of Bangor & Aroostook railroad in question
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Restructuring . . .

IBM to Cut 1,000 Workers
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CMI:

CMI awaits DIP
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CMI Industries Gets Interim OK For $10M DIP Financing
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Polaroid Gets OK To Implement Employee Severance Program
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In Trump Vs. Bondholders, The Donald Backs Down For Now
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Aladdin bankers plan to auction hotel-casino in Las Vegas
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Japan:

More retail misery for Japan
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Another credit rating cut for Japan: S&P cites slow pace of reforms in downgrade to AA
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Bank fears grow in Tokyo after engineer goes under
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_______________________

England:

Collapse of rescue bid for Enron puts 5,400 jobs in the UK at risk
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Cost of Terrorism Escalates Dramatically for Lloyd's of London
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.