October 19, 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

         
Telecoms:

NextWave settlement bogs down
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Seattle: Edge2net is shutting down
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NextWave Talks Go On, With Court Deadline Friday
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Multiple Setbacks Mortally Wound Corona, Calif., Telecom Business
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Excite creditors seek higher bid for broadband network
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VoIP Vendor NetVoice Files Chapter 11
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Global TeleSystems Agrees to Combination with KPNQwest - Agreement constitutes final part of GTS's comprehensive financial restructuring plan
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Creditors say investing firm Premiere Holdings guilty of fraud
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Economy:

Could We Face Another Depression?
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Fed Talk Sends Shivers Up The Spine Of Equity Investors

No Quick Fix Seen for Global Economy
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Bush Shuts U.S. Coffers to More Bailouts
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Attacks Accelerate Slide in U.S. Credit Card Use
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Bankruptcy Reform:

Bill to Alter Bankruptcy Seems to Stall
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GeoNet faces liquidation after funding disappears
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ABC-NACO:

Another railroad supplier goes bust
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ABC-NACO files for Chapter 11, receives financing
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ABC-NACO Files Voluntary Chapter 11 Petition
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American Tissue Loses Court Bid To Block Copyright Suit
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Attack Won't Damage Credit
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Providian appoints new chairman, searches for next CEO
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Creditors, Wilkinson squabble over sale of golf club membership
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First Alliance: Suits against lender revived
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  Airlines:

Bankruptcy and Frequent-Flier Musings
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Why United Airlines is in such trouble
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United Airlines Says Bankruptcy Does Not Loom Ahead
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United Files Bankruptcy Warning Letter With SEC
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Aviation Industry Struggles, Strategies Conflict
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Values Take Dive for Used Passenger Planes
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EU's approval of Sabena aid sparks dissent
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Desperate airlines call on Brussels and business to keep them flying
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45,000 Airline Catering Jobs Are at Risk, Unions Say
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Flight attendants want Goodwin out - Union says CEO's using attacks as 'smokescreen'
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Skeptics Question Swiss Govt Effort To Rebuild Swissair
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Airline crisis burns Boeing

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Steel:

Bankruptcy will allow Bethlehem to survive
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USWA, Bethlehem Set to Begin Discussions Next Week
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Beth Steel arranges financing
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CSC asset decision expected
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Baltimore: A shadow of steel's lost empire
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Retirees Fear Blow to Benefits
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Hewlett-Packard:Court Should Reject SunGard-Comdisco Deal
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Restructuring . . .

Bear Stearns Cos. cutting about 800 jobs
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Boeing warns of further cutbacks
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Furniture industry plumbs for bottom of cycle
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Crown Resources Reaches Agreement on Secured Note Financing - May Implement Through Bankruptcy
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Power Utilities:

Generators file FERC complaint against Calif ISO
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Lernout & Hauspie:

L&H Loses Bankruptcy Protection
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Setback for Lernout & Hauspie
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Manhattan Capital to pay for fraud scam
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Metiom Creditors Committee Seeks To Investigate Intuit's $45M Claim
(WSJ: separate paid subscription required)

American Classic:

Cruise line crisis intensifies
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American Classic share trading halted amid bankruptcy talk
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Fitzgeralds buyer OK'd by gaming board
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Cash-rich seek deals; may emerge mightier from downturn
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Japan:

Japan FSA says special bank inspections underway
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2 Japan Shinkin Banks To File For Bankruptcy
(WSJ: separate paid subscription required)

Loans `requiring attention' getting plenty of scrutiny
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England:

RailWorks Receives Court Approval for Up to $81 Million in Interim Financing
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Trade Group Opinion May Be Victory For Railtrack Bond Holders
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________________

France:

French court puts off Moulinex ruling
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Court finds Moulinex bids wanting: Awaits sweetened offers
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Canada:

Tour operator SNV Group seeks bankruptcy restructuring
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