November 7, 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

         
US Office lenders could recoup 86% of claims
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The Latest Growth Industry In Bankruptcy - Suing a debtor's officers and directors
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Creditors of Foster & Gallagher May Sue Directors
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Senior Care Moves Forward With Lawsuit Against Tri-National Directors
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Comdisco:

Comdisco: Sultan of selloff
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Court to decide fate of Comdisco unit
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Comdisco says HP offer is inadequate
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Restructuring . . .

Ford may axe 20% of US white collar staff
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Toshiba to lay off 12,000 workers for several days
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Small Businesses Follow Big Firms' Footsteps: Escalating Layoffs as Economic Climate Cools
(WSJ: separate paid subscription required)

Dotcoms:

Former EqualFooting.com Files Bankruptcy
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Engage Offering 60% Deal To Publishers, But It's Better Than Bankruptcy
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Ford Motor Faces a Cash Crunch
Amid Mounting Costs, Heavy Debt
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Steel:

End of an era at LTV
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Steelworkers' Gerard Urges Comprehensive Remedy to Restore American Steel Industry to Health
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Retired Bethlehem Steelworker Faces Financial Uncertainty
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Domestic, foreign firms clash on tariffs and quotas for imported steel
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eNucleus Announces Confirmation of It's Plan of Reorganization
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A crescendo of cash crises
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Standard & Poor's Fires New Salvo
In Debate Over Pro Forma Earnings
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FIRSTPLUS Announces Formation of Residual Trust for Shareholders and Creditors
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A better way for countries to default: The crisis in Argentina highlights the need for international agreement on how to deal with sovereign debt problem
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Judge Delays Sale of Polaroid Unit to Aid Bidders
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U.S. Bankruptcy Court decision on Aladdin loan postponed
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Greensboro: Bankruptcy judge OKs razing Seaboard buildings
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Sky Falls In on the Swiss: Tranquility Is a Victim
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Bankruptcy Judge Allows Chattanooga, Tenn., Video-Streaming Firm to Raise More Capital
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  Airlines:

Sabena to File for Bankruptcy
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Airport chaos as Sabena collapses
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Airlines use up bailout funds - Financially troubled industry faces wrenching shakeout
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Liquidation for Sabena
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Canada 3000 nearly out of cash
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Virgin Express walks away from Sabena
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Belgium's Sabena Files for Bankruptcy
After 11th-Hour Financing Falls Through
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Sabena collapse voids Aer Lingus tickets
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Raleigh, N.C.-Based Airlines Running out of Time to Apply for Grant Money
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Canada 3000 hangs in the balance
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Don't feel sorry for the airlines - they're an industry like any other
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Virgin Express still in talks on Sabena
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US airline executives see turbulence through 2002
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BA Must Find New Route To Survival
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Airline industry turmoil
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GE Says Funds for Bankrupt Chicago-Area Aluminum Plate Maker Were Diverted
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Phoenix: Grocery chain goes bankrupt
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Staff owed wages by defunct firm may lay claim to company car
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Economy:

Fed Drops Rates
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A Credit Crunch Imperils the Economy
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Is the Faltering U.S. Economy in Danger Of Emulating Japan's Long, Slow Swoon?
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Payday Lending: Ethically Tainted?
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Trustee of Abbey Financial Seeks Out Owners of Unclaimed Monies
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84 Lumber buying 15 Payless locations
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Power Utilities:

San Francisco oks solar power bond, MUD victory seen
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Calif agency requests $18 bln to cover power costs
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Calif. regulator renews call for power deal reform
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CPUC Pres:Calif Needs To Renegotiate All $43B Elec Pacts
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Calif. treasurer, CPUC to meet on bond deadlock
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Bankrupt meat packing plant reopens with court-approved financing form trucking firm
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Asbestos Plaintiffs' Lawyers See Vendetta in Bankruptcy Jurisdiction Removal Attempt
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Law Firm Restructuring:

Time to Pay Up
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Top UK firms freeze starting salaries
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McCutchen Partner Class One-Half Last Year's, Firm Says "Coincidence"
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Telecoms:

Omaha, Neb.-Based Fiber-Optic Firm Files for Chapter 11
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Telecom Shake-Up Imminent
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Telecom Woes Are Unlikely to Ease Soon As Firms Falter in Economic Slowdown
(WSJ: separate paid subscription required)

One Company's Bogus Bonus
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Ricochet service to be restarted
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New Owner of Naugatuck, Conn.-Based Data Network Firm Files for Bankruptcy
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Canada:

Skeena Cellulose finds potential buyer
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Troubled Skeena Cellulose has potential buyer
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Skeena proposal won't get taxpayers off hook
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Blakes Acquires Additional Insolvency Partner
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Former supplier sues Dylex
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Liquidation World expands as economy contracts
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Japan:

Strict lending review needed to regain public trust in banks
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___________________

England:

The day Byers was given a taste of his own medicine
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Railtrack case 'two weeks away
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What's a few billion pounds extra to save Bozo more embarrassment?
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Chemicals Chief Warns Of Tens Of Thousands Of Job Losses
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_____________________

Argentina:

Small Argentine province declares itself insolvent
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Argentine Debt Downgraded - Nation Effectively in Default
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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.