October 10, 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

         

Polaroid:

Polaroid Shares Fall on Bankruptcy Worries
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Polaroid Is Expected to File Chapter 11, Accelerate Efforts to Sell the Company
(WSJ: separate paid subscription required)

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Bankruptcy Judge Orders Miami-Based Firm to Get Its Workers Off Renaissance Cruise Ships
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Aztec goes bankrupt after talks fail
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Market Sees Polaroid Entering Chapter 11 Bankruptcy Soon
(WSJ: separate paid subscription required)

Economy:

With Federal Deficit Almost Certain, Analysts Concerned About Long-Term Budget Downturn
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Omega Healthcare In Talks To Restructure Credit Facilities
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Dotcoms:

Fry's backs out of deal to buy bankrupt Egghead.com
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Netcentives to liquidate via court auction
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Netcentives files for Chapter 11
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Netcentives Closes Its Book With Chapter 11 Filing
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Court approves MCMS' $49M DIP financing
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Steel:

Deal reached on sale of LTV assets
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Bankrupt Algoma gets a fifth extension
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Through Bankruptcy Court bid, Amicus takes giant step in U.S. growth: Court ruling means it could soon become second-largest operator of ATMs in North America
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NYSE Suspends Trading in Borden Chemicals
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NYSE Suspends Trading in Loews Cineplex
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NYSE Suspends Trading in Friede Goldman Halter
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NYSE Suspends Trading in The Warnaco Group
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NYSE Suspends Trading in Washington Group International
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NYSE To Suspend, Apply To Delist, HALO Industries
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Lernout & Hauspie Receives Bid For SLT Division
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Telecoms:

Telecom Profits to Feel Pain of Economy
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AT&T bid for Excite@Home disputed
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Things get worse for Atlantic Telecom
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Charlotte: Group wants to buy bankrupt hospital
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Airlines:

U.S. Loan Program May Not Stop Airline Failures
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Swissair asks judge for U.S. protection
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Airlines Face 'Huge Negative Cash Flows,' Despite Bailout
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Shuttle America, US Airways in Deal
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Bankruptcy hearing scheduled for National Airlines
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Where More Jets Get Grounded- Many Never Fly Again
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US Airways warns of 1,300 job cuts in NC
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EU to announce airline aid rules
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Air Canada's peculiarities elude American bosses
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Swissair plans to cut 13% of workforce after bankruptcy filing
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British Airways Announces Plans to Slash Bonuses and Cancel Raises
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Power Utilities:

Creditors, PG&E meet to set hearings on reorganization plan
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Judge Dismisses Claim That Texas Company Manipulated California Natural Gas Market
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PG&E's Plan of Reorganization - Myths vs. Facts
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Developments in California's energy crisis
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Group Faces Uphill Battle In Appeal Of Edison Settlement
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Bond Ambition
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Bankrupt Young's cattle now sold
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Waste Systems Gets 1-Month Reprieve From Bankruptcy Court
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Restructuring . . .

Credit Suisse Says Its U.S. Unit CSFB Will Cut 2,000 Jobs
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Terex Corp. Announces Layoffs
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Tech layoffs hit home
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Credit Card Exclusionary Rules:

Visa and MasterCard Exclusionary Rules Must End, Judge Rules
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Judge Bans Rules Barring Banks From Issuing Variety of Credit Cards
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Family sued grain elevator for fraud before bankruptcy
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Fund covers some losses from bankrupt elevator
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Tandycrafts, Inc. DIP Financing Granted Interim Approval By Bankruptcy Court
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Debt Loads Are A Growing Threat
(WSJ: separate paid subscription required)

Bankruptcy Bid of $825,000 for Boardman, Ohio, Company
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Reform:

Bankruptcy reform still lobbied, still unlikely this year
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Law Firms:

Greenberg, Peden: Latest Demise of a Midsize
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HealthCentral:

HealthCentral Announces Chapter 11 Filing
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HealthCentral Files Chapter 11
(WSJ: separate paid subscription required)

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Japan:

Suitors lining up for Japan's Mycal
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Japan banks' stock index hits 17-year low
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New Zealand:

High-roller's jail term for concealing assets upheld
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England:

Bankruptcy Reform: Honesty and culpability
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Railtrack Board In Court Bid To Win Back Assets
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Railtrack bondholders may suffer
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Legal acrimony looms over dramatic railtrack collapse

Railtrack board should have quit
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Railtrack may test credit derivatives market
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Railtrack debt shunted into junkyard
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Investors rage against 'Mugabe-style' Byers
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Now Railtrack is the one that crashes
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Collapse of Railtrack
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Railtrack's chief becomes first casualty
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PCW settles out of court over Barings
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France:

Moulinex administrators say SEB, Fidei takeover bids too low
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Norway:

Kvaerner's cash crisis worsens
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Kvaerner warns it may miss debt repayments
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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.