October 17, 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

         
Steel:

Not so Big Steel
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BirmSteel eyes debt refinancing
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Birmingham Steel in trouble
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DIP loan for BethSteel approved
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Incredible Shrinking Steel
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Iron-Ore Producer Cleveland Cliffs
Mines Field of Depressed Steelmakers
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Analysts: Bethlehem Faces Uphill Struggle in Seeking Buyer
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Court Lets Bethlehem Steel Borrow $400M Under DIP Loan
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Future Remains Uncertain for Bethlehem Steel after Its Bankruptcy Filing
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GC Cos Gets Court Nod On Extension Of Severance Programs
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Allied Digital May Seek Ch 11 Dismissal Or Conversion
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US plan to help insurers in future attacks
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Lay-offs, downgrades, another US dinosaur dies

Telecoms:

NextWave deal delayed by payment schedule talks
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Streaming media provider iBEAM files for bankruptcy
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ExciteAtHome Resumes Taking Orders
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NorthPoint auctions off Verizon litigation in court
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Teligent Auction Delayed Again
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ISDN-Net makes deal to buy Virginia-based PSINet
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FCC and NextWave reach early deal on $16bn licenses
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Bankrupt Hotel Chain in Central Illinois Starts Sell-Off
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Baldwin Piano:

Baldwin Piano to be offered for sale at auction
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Court approves sale of Baldwin
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SBI plans to buy bankrupt Emerald's "assets"
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US car makers lead poor economic news
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Polaroid Seeks Bidding Procedures OK For ID Assets Sale
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Credit card stocks still seen as a risky bet
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Impact of Debtor Education In Chapter 13

Hawaii: Creditors Go After Defunct Tour Company
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Bank One, Wells Fargo Post Profit Gains; Banks Show Signs of Weakening Economy
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Cygnifi Issues Product Description of Intellectual Property for Sale in Chapter 11 Bankruptcy Process
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  Bankruptcy Con: Takers?
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Airlines:

United Warns Airline May Perish
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Midway lender threatens foreclosure on $7 million loan
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Analyst Says Cutbacks, Ticket Discounts May Not Revive Airline Industry
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Looming Bankruptcies Threaten Airline Miles
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Could Washington Fumble Airline Bailout?
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Time running out if rescue plans are to take off: Switzerland's national airline dream may need a drastic rethink
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Sabena Wins EU Approval for EU125 Million Belgian State Loan
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The industry remains in deep trouble
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Europe says no to airline aid
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EU widens money-laundering law; tempers requests from airlines for handouts
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Swiss Govt. May Help Ailing Airline
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Swissair in Default'
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Faith in flying is key to airlines' survival
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KLM Dutch Airlines raps EU-rules on aid for airliners
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Bankruptcy Reform:

Attacks, slump delay bankruptcy reform
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Greenspan, O'Neill Press For Derivatives Insolvency Law
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Lyon's:

ICH Corporation Announces Chapter 11 Filing By Former Lyon's Restaurants Subsidiary
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Former ICH Corp. Unit Files For Chapter 11 Protection
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Restructuring . . .

Merrill Prepares Overhaul, May Cut up to 10,000 Jobs
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Opel plans 1,600 job cuts
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United Technologies Plans 5,000 Job Cuts
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BT, AT&T agree to close money-losing Concert venture, cut 2,300 jobs
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Reuters Plans to Cut 500 More Jobs
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American Standard Cuts 1,000 Jobs
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TRW to Cut Automotive Work Force
By 2,400
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PC Industry:

Trouble For PC Industry As Already Bleak Outlook For Sales Stretches To Europe

Intel profit plunges 96%
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Law Firm Restructuring:

VLG Latest To Lay Off Associates
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The Year of Living Dangerously
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GE Capital unit bids for bankrupt Baldwin
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Don't Forget Debt
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Class Conflict: Holders of Equity
And Debt Collide Over Takeovers
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Economy:

Industrial Production Plunges in September, 12th Straight Month of Decline
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Richmond Fed President Sees 'glimmers of Hope' for Economy
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Litany on global economic gloom persists
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Bankruptcy Up in Utah
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IRS plan hits some on Social Security
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Thrift Regulator Blames Pritzkers, Other Co-Owner, for 'walking Away' From Superior Bank
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Cincinnati: Zaring Homes files for Chapter 11
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Sterling Chemicals Receives Court Approval for $40 Million Priming Lien Under $195 Million DIP Facility
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Dotcoms:

Fuzzy Fine Print - Litigators busy as tech companies blame bad contracts for their woes
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Bankrupt Webvan delivers customers to start-up
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Failed Web Firms Find Buyers at Deep Discount
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ELot's Chapter 11 Petition Lists $31M In Total Debt
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Excite ad sales chilled by @Home bankruptcy
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Mortgage Servicers Give World Trade Center Relief
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Possible asbestos liability hits Cooper stock
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England:

Fury at Byers over no aid for Railtrack
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Railtrack: MPs force watchdog to extend inquiry
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Byers comes out fighting on Railtrack
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Railtrack Conv Should Be Deliverable Against CDS
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Canada:

TSO stalls bankruptcy with cash infusion
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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.