October 1, 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

         
Airlines/Travel:

Swissair Seeks Urgent Funds To Stay Out of Bankruptcy
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Coalition of Airline Providers Seeking Assistance for Vital Industry Segment Now Facing Economic Crisis
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Swissair says it cannot guarantee flights booked for this week
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Government May Aid Swissair
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Air Canada `desperate' to axe jobs right away
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Two banks to help bail out Swissair Group
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Midway CEO: Airline May Fly Again
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Bailout pays airlines for years of bad management
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Airport security firms' future getting cloudy
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Airport bonds take financial hit after WTC attack
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Sabena spokesman says ongoing pilots' strike could lead to bankruptcy
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Don't delay aid to airlines
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Swissair shares suspended and may file for bankruptcy
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Las Vegas Takes Big Hit as Fear of Flying Cuts Tourism
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Bailout package not a panacea for airlines
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Flight schools await takeoff - Grounded training operations fearful of ruin
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Airlines brace for worsening crisis
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All US airlines but Southwest seen posting Q3 loss
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Cruise lines mark down getaways - Some cruises drop to below $100 per person per night
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Leisure Companies' Bonds Off After Attack
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Renaissance Cruises' sudden close shocks travel industry insiders

Casino bonds hit by fall in gambling fortunes
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Industries, travelers keep struggling
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Dotcoms:

Pink slips and portables - Some cash-strapped firms offer tech workers equipment in place of severance pay
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Exodus vows to continue after protection filing
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Tech companies turn losses to profits with hypothetical accounting
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Large wine auction readies in Napa
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Recession seen as painful cure for excesses of dot-com era
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San Antonio: Internet-based phone-service firm files Chap. 11
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Net crisis claims two new victims
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Brown outbid in shot for piece of BuildNet
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What do I do with my 10-cent stock?
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Tax law weighs heavy on worthless stock options
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Loewen sells more assets
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Albany: Bankrupt building supply firm liquidates remaining operations
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Carmike files plan to emerge from Ch. 11
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Baltimore: Naron Mary Sue to liquidate assets
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Hawaii: State bankruptcy filings up 18% for the quarter
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Reuters Completes Acquisition of Bridge Assets
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Student credit cards spawn national debate
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Lazard Alternative Investments Announces Lazard Distressed Debt
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Anchorage: Involuntary petition filed against City Mortgage
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Albany: Bankruptcy filings rising as debt, layoffs mount
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  Federal-Mogul:

Federal-Mogul files for Chapter 11 restructuring
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Federal-Mogul to Seek Chapter 11 Protection
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Fed-Mogul files for Chapter 11 - Auto parts maker reorganizing amid asbestos claims
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Bankruptcy Code Pre-empts State Law Claims, Including FDCPA Claims
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Sunbeam creditors, bankers gain time to settle
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Silicone Breast Implants: All but Forgotten
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What Happens to Patent Rights in Bankruptcy?
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Telecoms:

At Home Corp. goes bankrupt
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Opposition builds to Kluge's Metromedia reign
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Slew of Supreme Court Cases to Focus on '96 Telecom Law
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For ExciteAtHome, just about everything went wrong
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Verizon Asks Time to Pay for NextWave Licenses
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Owner of lucrative disputed telecom licenses has no network, services
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NextWave Wins Delay of Court Hearing
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Excite At Home Files for Chapter 11,
Plans to Sell Network Assets to AT&T
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Excite@Home Pulls The Plug
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Businesses Near World Trade Center Fear for Survival
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Summer Associates: Lost Innocence
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Atlanta: Striving to keep current
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Anna Nicole:

Businessman Says Forbes ``Richest Listing'' Inaccurate
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Bankruptcy Reform:

Bankruptcy Reform Act drives increase in filings
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Economy:

An unforgettable quarter
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Ad sales are down. Can I have a bailout, please?
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Bush Ponders Jobless Aid Extension, Tax Cuts to Jolt Economy
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Maxicare Announces Procedure for Filing Claims
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Fitch Lwrs Heilig-Meyers Master Tr Cls B Asset-Backed Ctfs To `D'
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Restructuring . . .

Tips on ins, outs of job reductions
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Chipmaker, casino operator fire 7,000
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Atmel cuts 500 more workers
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Sacramento: Bankruptcies leap nationally; less here
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Sacramento: Autovia files Chapter 7, leaving $2 million unpaid
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Steel:

Union, Renaissance make verbal deal
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Steelworkers take pay cut for ailing Wheeling-Pitt
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Wheeling-Pittsburgh Steel Corporation Employees Ratify Labor Agreement
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Steel Industry Awaits Big Ruling by International Trade Commission
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Bankruptcy Court Approves Sale of Aluminum Smelter in Vancouver, Wash.
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Wisconsin’s Alto Dairy Coop Bankruptcy Case Dismissed
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

The Liquidator
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Aladdin Casino:

Aladdin to reveal debts after filing Chapter 11
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LCI says Aladdin talks critical to own survival
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Las Vegas's Aladdin Casino Files
For Chapter 11 Amid Travel Slump
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Aladdin Hotel Files for Bankruptcy
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London Clubs place Aladdin in Chapter 11

Aladdin failure puts LCI on edge
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Casino firm loses Vegas gamble
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London Clubs faces 100m Aladdin bill
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NewCare unsecureds get rules for fraud suits
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Crisis management is a flourishing segment of the PR industry
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Power Utilities:

Edison Creditors Say Things Aren't That Bright
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State PUC seeks to void Davis' power contracts
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Calif. Power Generators Want Payment
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Calif. power utility must pay millions or face bankruptcy
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SCE credit facilities to be extended until Oct 19
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PG&E Hired Gore's Lawyer
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Five Power Generators Demand
Edison Make Good on Its Debts
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California Governor Can't Save Southern California Edison from Bankruptcy
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Generators turn up heat on Edison - Legislature to reconsider bailout
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Firms Push Edison Near Bankruptcy
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PG&E's chromium 6 payees may wait
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Phoenix: Local firms expect surge in Valley bankruptcy filings
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Buffalo: Bankruptcy auction dimming high hopes for airport
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American Office Centers Files Under Chapter 11
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Vulture Funds Circling Europe's Distressed Companies
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Corporate board members run risk of litigation
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Canada:

Court OKs sale of Fairweather to mystery buyer: Dylex declared bankrupt
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Economies here on the ropes before the attacks
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Court approves purchase of retailer Fairweather
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Dylex trustee requests documents
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Can the troubled TSO survive?
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B.C. reviews bids for Skeena
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_________________

Japan:

Rate cuts loom, Japan a lesson in limitations
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___________________

England:

Business gloom lowest for years
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Rising insurance costs 'could kill off firms'
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Lloyd's doubles insolvency levy
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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.