October 2, 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

         
Federal-Mogul:

Asbestos, debt drives Federal-Mogul under
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Federal-Mogul filing won't affect workers
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Asbestos suits hurt Fed-Mogul
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Assisted Living:

Assisted Living Concepts, Inc. Announces Agreement for Financial Reorganization
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Retirement-home chain Assisted Living files for bankruptcy
(DBN Subscription Required)

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Power Utilities:

So. Cal. Edison Wants Bailout
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State PUC Seeks to Void Davis' Power Contracts / Deals Gouge Consumers, Agency Tells Federal Regulators
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Developments in California's energy crisis
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California Retailers Association Supports PG&E Reorganization Plan
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Pacific Gas & Electric May Have to Share Worth of Assets It Spins Off
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California's power predicament grows in complexity
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Assisted Living, debtholders in pact
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Au revoir, Mademoiselle
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Hiding Cooked Numbers Behind the Disaster
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Northwest Airlines Has Reason to Hope with Fewer Empty Seats
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PowerBrief To File Voluntary Chapter 11 Petition
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Dotcoms:

Excite's Ambitions Lead to Downfall
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TekInsight to buy part of Exodus
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Scorecard USA files Chapter 7
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Market slide hits rich Americans
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Carmike Cinemas, Inc. Files Plan of Reorganization That Provides Creditors Full Recovery
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Steel: 

Bethlehem Steel sells its stake in ore mines as it tries to get credit line to avoid bankruptcy
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Bethlehem Steel sells South Buffalo Railway
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Small firms bear brunt of downturn
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Trustee Announces Tentative Deal For MJK Clearing Accounts
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  Airlines:

Swissair Seeks Debt Protection
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Banks take control of Swissair
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Planes of troubled Swissair seized in London, flights to Brussels
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Thousands of job losses keep Swissair afloat
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The Swiss - and their banks - are a law unto themselves

Ailing Swissair Seeks Bankruptcy Protection
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Despite the Bailout, Airlines Crashing
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European Airlines Slash Jobs and Flights
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Federal Bailout Gives Morrisville, N.C.-Based Airline Second Chance at Life
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America West Begins Layoffs
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An Airline Bailout--with Strings Attached
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Airline rescue a far cry from Chrysler plan - of '80: Congress offered loan guarantees not taxpayer money
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Telecoms:

Looming settlement delays NextWave hearing
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NextWave Spectrum Brings New Legal, Financial Problems
(WSJ: separate paid subscription required)

NextWave Says It Has Duty to Take Part in Talks
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Hearing on NextWave Disclosure Statement Deferred Until October 22nd - Bankruptcy Court Approves $2.5 Billion Debt Financing Agreement with UBS Warburg
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Bankruptcy poses broadband debate
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At Home creditors protest AT&T deal
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Excite At Home Filing Names Creditors; Firm Owes Bondholders Nearly $1 Billion
(WSJ: separate paid subscription required)

Start-Up Never Should've Started
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Vivendi stalls on 3G payments
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Don't bet on new Excite@Home bids
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Banks May See More Borrowers Default
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Chapter 11 Cruise
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Warnaco Inc. Retains Keen Realty
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Cincinnati: Eyeworld files Chapter 7
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San Jose: Symphony in denial of its own bad news
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Auto suppliers face rockier road after terrorist attacks
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Bad Economy Trims Size Of Brobeck Partner Class
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Aladdin:

Casino firm faces huge payout
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Aladdin future up in the air after filing
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Vegas casino stake could hit Scotiabank
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Bankruptcy filing bails out Aladdin
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Des Moines: Members bemoan bankrupt co-ops fall
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Missouri Cattleman's Bankruptcy Case Leaves Costly Paper Trail
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Economy:

Another sign of slowdown
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Business gurus warn of US recession
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Washington Tries to Spell Relief
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US set for ninth rate cut
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Japan:

Rules for waiving loans tightened
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Major banks facing first-half losses
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Japan's Plunge Into Recession
Is Now Deeper Than Expected
(WSJ: separate paid subscription required)

_________________

Canada:

Uniforet court protection from creditors extended by 45 days to Nov. 12
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_________________

Mexico:

Mexico's Bufete To Delist Shares, Claim Insolvency
(WSJ: separate paid subscription required)

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Argentina:

Argentine business bankruptcies up 35.6 percent in September
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________________

Russia:

Bankruptcy rulings in Russia doubling every year
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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.