October 16, 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

         
Waiving or drowning: Banks face loan bind
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Issuers of plastic struggle as borrowers fall behind
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Steel:

Bethlehem Steel declares bankruptcy
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Bethlehem Steel Files for Ch. 11
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Beth Steel’s filing depresses area
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Bethlehem Steel Chronology
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Bethlehem Filing Puts Pressure On Steel Industry, Bonds
(WSJ: separate paid subscription required)

Once golden Bethlehem in Chapter 11
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Old steel company is burdened by obligations, traditions
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High Debt May Make Purchase Of Bethlehem Steel Unlikely
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Bethlehem: Not dead yet
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Bethlehem Steel Seeks Creditor Protection
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USW's Gerard calls for U.S. help for ailing steel industry
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Embattled sector back in the spotlight: Bethlehem blues: 25th U.S. company to seek shelter from creditors since 1998
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Canadian Steelmakers Mull Cutbacks
As Firms Face Insolvency in Downturn
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USWA Says Washington's Inaction on Steel Threatens to Undermine Economic Security
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Canadian Steel Cos. Seen Having To Reorganize Again
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Dotcoms:

Etensity goes bust
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Internet boost to world's largest wine auction
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Homeseekers.com Says It May Have To File For Bankruptcy
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ELot Files Chapter 11 Reorganization Petitions
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________________

Atlanta: Home builders face slowdown
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Freight carrier files
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Telecoms:

NextWave Reaches Deal Over Disputed Spectrum
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NextWave, FCC Close to Settlement
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Money scarce at Excite@Home - Beleaguered company bounces numerous pay and reimbursement checks
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Trustee replaces officers, directors at bankrupt Waterguard
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Rogers reaches accord with @Home - Will resume adding Internet clients
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  Bank of America's Net Income Drops 54%
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Bankrupt Integrated Health to recapitalize Rotech
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Airlines:

Is Ch.11 unavoidable? US Airways exec says no, but cash may not last
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Europe's Airlines Split on Merits of Government Rescues
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Pittsburgh: Airport on financial watch lists If US Airways fails, what does future hold?
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Air Afrique loses half its fleet
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US carriers face grim prospects despite aid
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Subsidies Aren't a Wartime Necessity
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________________

Emporia job contractor files for bankruptcy
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Auditor Doubts K-Tel's Ability To Stay A 'Going Concern'
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Restructuring . . .

Siemens cuts 7,000 more jobs
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Commerzbank sheds 3,400 jobs
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Commerce One to cut nearly half its workforce
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Unisys plans 3,000 job cuts
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Slump 'has cost 25,000 bank jobs'
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Carbide/Graphite:

Carbide/Graphite lands $20M DIP loan
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Carbide/Graphite lenders approve credit
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Carbide/Graphite In Pact With Lenders
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Club, spa attempt to force Aladdin's hand
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Baldwin Piano:

Piano maker reviewing purchase bids
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Biggest Baldwin creditor emerges as most likely buyer
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________________

In Texas, court win can ring hollow
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Polaroid:

Bankruptcy judge lets Polaroid draw on credit line
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Polaroid's negative news leaves 600 Scots in the dark
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__________________

Brill's Media Empire Ends in Collapse
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Silicon Valley: Bye bye to rich rents
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

DIP lenders prevail in Sterling case
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Law Firm Restructuring:

Crosby Heafey Announces Layoff of 13 Attorneys
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NY Hardest Hit in Morgan Lewis Layoffs
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Davis Polk: No Bonuses, But No Layoffs Either
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The Davis Polk Bonus Memo
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Economy:

Getting a grip on our troubled economy
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U.S. Industrial Slump Probably Is a Year Old
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___________________

Dayton: Bankruptcy boom - Slow economy, rising debt taking their toll
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Capitalink Completes Sale of Contract Manufacturer's Assets; Investment Banking Firm Handles Transaction As Financial Advisor To Contract Manufacturer In Chapter 11 Bankruptcy
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Winston-Salem: Griffin Services faces bankruptcy petition
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England:

Byers is right this time - But his railway woes are only just starting
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Railtrack: Credit Default Swap Market Found Wanting For Convertibles
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Byers accused of Railtrack breach
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Angry City turns to courts in response to Byers' move
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The worst of all worlds
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Japan:

Japan's central bank again downgrades monthly assessment of economy
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Bank of Japan Sees Bleak Outlook
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_________________

Canada:

Canadian Steel Cos. Seen Having To Reorganize Again
(WSJ: separate paid subscription required)

_______________

France:

Courts to examine offers for Moulinex
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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.