November 5, 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

         
Steel:

Lenders fear for their liens on BethSteel assets
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Algoma's third-quarter loss triples: 'We're seeing a market that is more and more uncertain'
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Cleveland-Cliffs buying stake in mine from Algoma
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Pushing to protect American steel
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Rebounding Oregon Steel expecting a healthier 2002
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Pittsburgh: Wilhelm & Kruse forced into bankruptcy court
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Judge to Consider Offers for Erie Forge and Steel
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Law Firm Restructuring:

Shearman Layoffs Came With Little Notice
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Clifford Chance wields axe in cost cutting drive
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Pillsbury Cuts 10 Percent Of 109 New York Associates
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Judge rules on legal issues in Matco bankruptcy case
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Houston: Premiere investors await bankruptcy fate
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Lenders pull in credit reins
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Airlines:

Sabena Set To Be Declared Bankrupt
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Police dispatched to Sabena ahead of possible bankruptcy filing
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Norway's Braathens airline announces cuts
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Bankruptcy court to rule this month on Shuttle America - Prospective buyer would assume airline's debts
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Brussels looks at Virgin-Sabena deal
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Tempting deals also carry risks for travelers
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Boeing, Airbus fly in formation on financing
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Cash flow 101: The ins and outs of moving money
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Power Utilities:

Wanted: 20 minutes back
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Utility stocks no longer tame
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San Francisco Voters to Weigh Replacing Utility Giant with Public Power Agency
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Californians Not Crowing at Enron Trouble
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Electricity Prices Tumbling on Unexpected Supply Glut
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  Warnaco may find asset sales an uphill battle
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Economy:

Specter of Global Recession Gathers Form
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Despite Continuous Interest Rate Cuts, U.S. Economy Outlook Darkens
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Federal Reserve Ceases to Make Major Impact on U.S. Economy
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Loan portfolios showing evidence of weakness
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Sept. 11 a scapegoat for ailing businesses?
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Going from bad to worse at Payless Cashways
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Fruit of the Loom:

Fruit of Loom Seeks Fast-Track Schedule
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Fruit of the Loom seeks sale
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Telecoms:

Congress holds key to ending wireless battle
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Telecom troubles challenge building managers
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NextWave Tells Judge Settlement Is Near
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Metricom sells its wireless network
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Hearst gives up seat on Excite board
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Fast-growing edge2net tumbles into Chapter 11
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Optical gear industry tries to regain focus
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General DataComm files for Chapter 11
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American Tissue: Top execs renew pledge to resign
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Polaroid:

Controversy surrounds bidding for Polaroid division
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Venture Funds Hire Adviser to Put Out Cash Fires
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Printing Arts America and Subs File Bankruptcy
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Baldwin Piano:

Baldwin skeptical about offer - Gibson insists it will close on deal
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Gibson Musical becomes piano man
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Banks scramble to protect against bad loans
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Opening bids for Lernout assets must total $21 mln
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Easing the Credit Crunch? - AmeriDebt Is One of a Breed Of New Debt-Counseling Firms Whose Business Practices Are Drawing Regulators' Attention
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Judges Approves Trustee Appointment to McCook Metals
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Stonebridge Technologies to emerge from Chapter 11
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Bracknell defaults, its Adesta unit bankrupt
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Banks gussy up leveraged loans
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S&P cuts Trump Hotels debt rating
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Call for big changes to global financial system
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Slowing Economy Brings More Business To Turnaround Firms
(WSJ: separate paid subscription required)

Hawaii: Creditors dunk Aquasearch - Big Island biotech in involuntary bankruptcy
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Enron: Time For A Bronx Miracle In Houston
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Bankrupt American Classic line has no plan to offer refunds
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A new breed of troubleshooter

Palm Beach: Gosman proposal riles creditors
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San Antonio: Small businesses stung by nosedive in tourism
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California taking aim at 'predatory lending'
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Restructuring . . .

WebLink cuts 160 jobs in restructuring
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Management styles must be replaced to refuel the economy
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England:

Can Lloyd's of London Come Up With the Cash?
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Canada:

Chapter 7 was only the option for PhotoChannel
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Richter completes sale of Dylex's Fairweather clothier
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Bankruptcy of mill taste of hard times to come
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How Jack came back: Stoddart refinances, still blames Chapters for all his woes
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Belguim:

Belgian bankruptcies rises by 10.6% in October
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France:

Prost facing 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.