October 15, 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

         
Fruit of the Loom:

Bankruptcy Court Approves Confidential Settlement Of Fruit of The Loom Malpractice Suit Against Fried Frank - Attorneys Familiar With The Case "Alarmed"
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Berkshire Hathaway eyes Fruit of the Loom
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Steel:

Bethlehem Steel Plans to File for Chapter 11
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Bethlehem Steel Plans to File for Chapter 11, Just Weeks After Replacing Chairman, CEO
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Law Firm Restructuring:

Morgan Lewis Laying Off 50 Firmwide
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Gunderson Lays Off 16 Associates
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Cadwalader dumps summer spongers
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Six German partners lose out as Clifford Chance seals integration
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Consumer Debt Levels Becoming Problematic
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Ex-Paul Harris offices sold for $3.9 million
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Regal Cinemas:

Regal gives Anschutz control of theater chain
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Regal Cinemas files for Chapter 11
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Regal Cinemas Inc. Files for Chap. 11 -Billionaire Investor Ready to Take Over
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Comdisco:

SunGard wins Comdisco disaster unit
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Comdisco to sell unit to Sungard; HP objects
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Hewlett-Packard Plans Bid for Bankrupt Rosemont, Ill.-Based Comdisco
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Small Companies Under Fire
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Brides to be stood up by defunct dressmaker
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Now, a world in recession
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Power Utilities:

Pact May Help Pull Sacramento, Calif.-Area Power Firm Out of Bankruptcy
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Riverside, Calif.-Area Landlords Struggle to Lease Vacated Retail Space
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Baldwin to go on auction block
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Telecoms:

Global Telesystems debtholders go to bankruptcy court
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Liquidation looms for Teligent
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GTS Inc. expects Delaware petition to be withdrawn
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Hype, Greed Blamed For Excite At Home's Demise
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Cingular Affiliate Approved To Own Licenses From NextWave Auction
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Marconi executive pay-off is 'outrageous'
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Global Crossing seeks backers for debt swap deal
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st3 capsizes
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American Express fights back
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EBIZ Enterprises Makes Voluntary Chapter 11 Filing
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More shaken than stirred - corporate bonds
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Denver: Metro forecast includes slow recovery
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  Polaroid:

Say Bankruptcy!
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Polaroid declares bankruptcy
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Black day for group once in the pink
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Polaroid files for bankruptcy
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Polaroid, $1 Billion in Debt, Files for Bankruptcy
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Instant agony as Polaroid goes bankrupt

Last Shot for Polaroid - Victim of the digital revolution
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Polaroid bankruptcy adds uncertainty to Premier-Tekom merger prospects
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Lifetime investment yields disappointment - Polaroid retirees face uncertain pensions, vanished benefits
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Court Approves $13.1M Emergency Financing For Polaroid
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Airlines:

America West Airlines sells equipment to raise cash
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A Swiss fiasco
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Court OKs TWA/Wells Fargo Deal, Brings $10.5M To Estate, But Bypassing Admin Claims In Favor Of General Unsecured Claims
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Despite Federal Cash, Airlines Are Still in Trouble
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Sabena loan may encourage rescue
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Tens of thousands of jobs are being axed, flights cut and airline companies facing bankruptcy
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Cambodia's airlines postpone all operations
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Big job cuts loom in Swiss aviation crisis
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Swissair units face loan crisis
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Swissair future on knife-edge
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Germany refuses to give boost to Lufthansa
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Judge's decision gives Midway breathing space
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Industry's Cash Call To Test Unity
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Additional Swissair funds blocked
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Defenseless - In a weak economy, many tech firms are vulnerable to takeover, says a study. Proof of shoddy Silicon Valley lawyering?
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Dotcoms:

Dot-Coms Chapter 11 Tactic Angers Creditors
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Washington Group stock-option deal rejected by bankruptcy court
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Noah's Ark meets bankruptcy court: Pet-store animals caught in legal dispute
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Wife of Grand Union VP pleads guilty to role in bilking $2.2 million
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Payless:

Payless unsecureds sue over $3.2M payout
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Lumber Firm Seeks to Buy 15 Payless Cashways Locations
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Uncompleted Memphis, Tenn.-Area Real Estate Developments to Be Auctioned In Bankruptcy Sale
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Asbestos Lawsuits On the Rise
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San Francisco: Mortgage defaults loom ahead for local banks
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Etensity Files for Chapter 11, Says It Expects Profitability
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Baltimore Washington International's Thrifty Franchise Files for Chapter 11
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Los Angeles: Man arrested after attempting to enter bankruptcy courthouse with gun
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Telecoms:

Offer could rescue BTI, otherwise bankruptcy possible
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Lower-Rated Retailers Face 'Glum' Outlook
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Lechters:

Lechters opts for liquidation
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Lechters Heads for Chopper
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Court Converts TearDrop Golf Chapter 11 Case To Chapter 7
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Xerox comeback quells bankruptcy talk
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Restructuring . . .

Credit Suisse to close three operations
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Daimler to cut jobs
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Rolls-Royce 'to axe 3,500 jobs'
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Boeing to cut 12,000 jobs by Dec. 14
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Cap Gemini warns on outlook
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Canada:

Small aerospace firms said at risk
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Can the TSO band play on?
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Korea:

More Hynix creditors balk at bailout plans
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GM to begin final due diligence of Daewoo Motor for final takeover
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Japan:

Bankrupt Mycal claims shortlist of 20 buyers
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Japan's central bank warns on economy
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Japan Policy Makers Clash Over Economy
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Gangsters who hold Japan's future to ransom
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Debts from corporate bankruptcies surge last month
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England:

Lloyd's faces US solvency probe
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Non-culpable bankrupts get a better deal with new legislation
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Railtrack: an elegantly executed massacre
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Pressure grows for Railtrack inquiry
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Bond traders examine Railtrack
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Railtrack Chief To Warn Byers Of Liquidation
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Massed Guns In Place To Fight For Railtrack Justice
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Union In Compensation Bid Over Railtrack Shares
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Railtrack's true victims
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Trouble down the line: Railtrack collapsed because of PPP. So why is the government still forcing it on the tube?
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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.