October 11, 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 may file bankruptcy
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So long, Polaroid - Photo giant's demise a lesson in hubris
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Polaroid shares halted as bankruptcy filing reported imminent
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Rivals push Polaroid toward Chapter 11
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Comdisco:

Comdisco ex-CEO leads MBO for tech leasing unit
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Management Group Plans to Submit Bid to Buy Comdisco IT Leasing Business
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Former Chairman of Comdisco Wants to Bid on Company's Leasing Operations
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HP and Sungard poised to vie for Comdisco unit
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Debt weighs more as firms gobble cash - Crunch hits even blue-chip firms
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Lernout & Hauspie:

L&H strikes deal for SLT unit
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L&H receives binding offer for core business
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Steel:

Man of steel - Youngtown, Ohio Surprise Bankruptcy Hub - The Lure? William T. Bodoh
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Canada ends steel duty - Board finds that alleged dumping "not threatening to cause injury to the domestic industry"
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Ohio-Based Firm Offers $10.7 Million for Erie, Pa., Forge and Steel
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Bankrupt LTV sells assets for $87.5M
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SQP Industries to close - Reduced foundry is latest victim of failing steel industry
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Bill keeps steelmakers' tax-loss benefits
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State approves LTV asset transfer
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Bankruptcy Court OKs Settlement Between Trico Steel, Worthington
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Cleveland-Cliffs, Minnesota Power To Buy LTV Mine Assets
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Minnesota Power to buy operate LTV power plant
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The Soldiers' and Sailors' Civil Relief Act - Financial Relief for Reservists
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Power Utilities:

PG&E Utility Reorganization Draws Fire
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Developments in California's energy crisis
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FERC judge: El Paso didn't drive up gas prices
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CinemaStar Luxury Theatres Inc. Announces Confirmation of Its Plan of Reorganization
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PwC three face fraud charges in AHERF investigation
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Bridge has until Oct. 31 to file reorganization plan
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Renaissance Cruises: A life raft for the jobless
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Fund Covers Some Losses for Farmers in Crestland Bankruptcy
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Rhode Island Bank Wants Autos from Bankrupt Newport Creamery
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Estimate climbs on losses of cattle
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Crisis slows bankruptcy tide in North Georgia
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  Delaware - Staiano retires as US Trustee
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More Sept. 11 Fallout: Bankruptcies May Go Even Higher
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In legal test of rights of bondholders over equity, Wilbur Ross asks court to block Gaylord takeover
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Airlines:

EU agrees limited aid for airlines
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EU Permits Aid to Airlines but Sets Strict Conditions
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Air Canada layoffs rescinded - Board rules 1,300 employees have job protection
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Bailout Showed the Weight of a Mighty, and Fast-Acting, Lobby
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European airlines destined for failure
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National Airlines sees reorganization plan by Nov. 9
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Midway hastens to reorganize
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Hope takes wing on battered Midway stock
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Midway Air: Reorganization Wouldn't Mean Stock Recovery
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Bankrupt Amerijet aims for Nov. 30 exit
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As crisis looms overhead for Air Canada, others predict winds of takeover
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Swissair, Sabena Ask NY Court To Protect Assets In US
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Swissair Struggles To Find Buyers For Its Healthy Units
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Banks' plan for Swissair may not fly
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Throttles open, the world’s airlines struggle to take off
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Airlines will recuperate in one year, says IATA

Bank: More Money Needed for Swissair
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Aer Lingus To Slash Another 800 Jobs
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Looking for work - Laid-off airline employees may have to change careers
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Atlanta: Dekor Won't Reopen Atlanta-Area Stores, Might Liquidate
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Restructuring . . .

Motorola cuts 7,000 more jobs
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NC furniture makers lay off most in a decade
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Goodyear to Cut 1,400 More Jobs
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Yahoo plans restructuring, layoffs
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Friede Goldman announces contracts for new barge, drilling work
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St. Petersburg, Fla., Area Can Expect Surge in Bankruptcies
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Alstom Exposure To Renaissance Tens Of Millions Of Euros
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SL Industries shutting plant amid credit trouble, defaults
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Owner of World Trade Center Lease Lobbies Congress, Seeking
Protection From Suits
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ElderTrust Announces $10.2 Million Loan Repayment; Indicates Genesis May Repay $12.2 Million; All Proceeds To Be Applied Against Bank Credit Facility
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Dennis R. Washington Makes Financial Offer to Facilitate Confirmation of Washington Group's Plan of Reorganization
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Customers of Bankrupt EyeWorld Get Chance To Recover Prescriptions
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Tables turned on Aladdin Gaming
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European Risk Mgrs See Breakdown In Insurance Sys
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SL Industries shutting plant amid credit trouble, defaults
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Dotcoms:

Fuzzy Fine Print - Litigators busy as tech companies blame bad contracts for their woes
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Netcentives to liquidate via court auction
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Long checkout of Webvan continues with asset auction
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A New Chapter For Exodus
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Before It's Gone, Tech Investors Want Cash Back
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MarchFirst: Price Tag Is Skimpy For Once High-Flying Web Consultant
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eNucleus Announces Overwhelming Acceptance of Its Plan of Reorganization
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Telecoms:

Teligent attracts no bids by auction's eve
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Offers for Teligent's Network Are Due Today
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ExciteAtHome stops taking new orders
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Cable firms hit as @Home shuts door to new customers: Negotiations under way
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Excite blocks AT&T move
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At Home's woes leave cable broadband providers in lurch
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France:

Moulinex receivers may consider liquidating appliance maker
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Norway:

Kvaerner chief confident on raising capital
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Kvaerner under pressure to sort out its problems
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Aker Maritime Won't Be Guarantor For Kvaerner Share Issue
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Korea:

S. Korea rejects DB's offer for Seoul Bank
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England:

Insolvency reform flawed, warns R3
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Railtrack bankruptcy stirs credit default swaps
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Britain's Railtrack PLC shareholders get 70p a share
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Defiant Railtrack Chiefs Put Pounds 1.8bn Price On Company
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Railtrack Shock Puts Some In Line For Profit
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Commonwealth Games Face Major Blow As Telecoms Operator Faces Failure
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Poland:

Elektrim faces bankruptcy
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__________________

Hong Kong:

Suicides increasing in Hong Kong as economic woes mount
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.