October 12, 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

         
Law Firm Restructuring:

Morgan Lewis, Crosby Heafey and Gunderson Join List of Firms Laying Off Attorneys
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The Year of Living Dangerously It was already a tough time to manage a law firm. Now it's worse. What lies ahead?
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Boston: Big law firms skirt freezes, but weigh retrenchments

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D-Day For Brill Media? Bankruptcy Rumor
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Bankruptcy not a stigma for some CEOs
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Midland prepares to exit bankruptcy
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Cosmetics Plus Retains Keen Realty In Chapter 11 Court Proceedings
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Airlines:

Flying on a wing and a prayer
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Swissair Group Gets US and Canada Protection
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American Trans Air Outlines Survival Plan
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Potential buyers move in on failing airlines
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Despite federal cash, airlines still in trouble
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Texas Pacific Group Expresses Interest in Buying SwissAir
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Las Vegas-Based National Airlines Alters Plan to Qualify for Federal Loans
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US Airways, America West at greatest risk in sector
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Question marks over Swissair rescue
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Swissair Struggles To Find Buyers For Its Healthy Units
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Former Midway Airlines Workers Launch Plan to Revive Company
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Iberia cuts 3,000 jobs
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Administrator Doesn't OK CHF250M Loan To Swissair
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Virgin Express to buy Sabena
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Japan Airlines Forecasts Full-Year Loss of 40 Bln Yen
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Swissair unions warn of about 15,000 job losses
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Swissair insists that it is still solvent
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Japan airline tumbles into loss
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Court Denies Aztec Motion; Company Will Cease Operations
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Ha-Lo To Trim Staff, Leave Niles
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C2 Media Files For Chapter 11 Bankruptcy In Manhattan
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New identity theft bill and State debt collection law
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Fruit Could Be Latest On Buffet's Table - Is billionaire investor Warren Buffett interested in helping Fruit of the Loom out of bankruptcy?
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Casual Male Wins Approval To Auction 80 Store Leases
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  Dairy Mart in DIP row with supplier
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Unsecured creditors committee in Payless liquidation files suit
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Telecoms:

The NextWave Telecom lesson
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Involuntary Ch7 Bankruptcy Filed Vs Global Telesystems
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Ardent Communications goes under
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Ardent Files for Chapter 11 Bankruptcy
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Pensat, international telecom company, seeks Ch. 11
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Bankrupt iBeam looks to sell assets
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iBEAM Files Bankruptcy, Sells Assets
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Excite@Home in surprise customer freeze
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PSINet Seeks To Extend Plan Filing Exclusivity 120 Days
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Bankruptcy closes Internet service provider - Investigators have linked CitX to Web-based pyramid scheme
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Winstar Wireless Sues Sayers Grp For Breach Of Sale Deal
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Junk bond default rate to hit 10 pct in 2001
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Medical Practice Bankruptcies - More data on doctors: Financial details are missing piece of puzzle
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Leading risk managers have called for help as insurers and reinsurers react to the September 11 attacks
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PBGC takes over Outboard Marine pension plan
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Landlord Sues Gatien Over Apt. Rent
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Judge Rejects Bid for Bankrupt Ohio-Based Phar-Mor's Prescription Files
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Pieces of Newport Creamery hit the auction block
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Loews asks bankruptcy judge to allow executive bonuses
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Regal Cinemas Files Prepackaged Chapter 11 Case to Complete Debt Restructuring Initiatives
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Troy: Matzen Construction closing, creditors say
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Atlanta: Dekor won't reopen stores, might liquidate - Chain's options include bankruptcy filing
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Florida: Officials see $182 million tourism drop by end of year
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Polaroid:

Polaroid battles on the brink - But sources say company could get $50 million loan
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Bondholders May Not Want Immediate Polaroid Bankruptcy
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Future of Polaroid Digital Products Up in the Air
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New Bankruptcy Opinions
(1 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Power Utilities:

PG&E's Reorganization May Make It Better Investment Than Edison
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Developments in California's energy crisis
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Edison Mission Offers $460 Mln for Half of Contact
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California ISO not expecting blackouts this winter
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EPIQ buys bankruptcy software rival
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Restructuring . . .

Computer Associates cutting 5 percent of work force - 900 Jobs
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Norway:

Yukos Buys 10% in Struggling Kvaerner
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Kvaerner admits profits peril on eve of cash plea
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Thailand:

Taking control of distressed assets is a delicate balancing act

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Japan:

Daiwa Bank to post 140 bil. yen group net loss for 1st half
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England:

Railtrack Faces Insolvency Within 48 Hours
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The Railtrack fiasco is far worse than a Whitehall farce
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Counting the personal cost of Railtrack
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Hopes are high for Atlantic Telecom
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Why we deserve a full return from Railtrack
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Bright poised to escape action by Independent claimants
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Byers may be forced to renationalise Railtrack as bondholders get tough
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The 'theft' of Railtrack
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Blood on the tracks - Railtrack's bankruptcy
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Canada:

Dylex chiefs may be forced to talk: Trustee seeks U.S. ruling: Transactions preceding demise could be revealed
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Elektra Gold: Letter For Creditors And Shareholders
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Argentina:

Argentine Banks Face Worsening Credit Pressure
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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.