October 23, 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

         
Comdisco:

Feds fight Comdisco unit sale
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SunGard Purchase of Comdisco Unit Challenged by U.S.
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SunGard Dismisses DOJ Complaint as Baseless and Ill-Advised
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H-P Could Benefit From Justice's Move On SunGard-Comdisco
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Small Firms Seeking to Reorganize
Find Financing Hard to Come By
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Telecom:

Lucent: This House Has Fallen - $7 Billion Quarterly Loss Expected - Selling Core Assets To Stave Off Bankruptcy
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Even Revenue Was In The Red For 360networks' $5 Billion Loss
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Creditors file to shut down Excite
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At Home Creditors Ask Judge to Rule on Fee Payments
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On the Firing Line at Qwest - It's two Morgan Stanley analysts vs. the telecom in an unusual feud over accounting
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What happened to telecom? - It just keeps getting worse
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Teligent Reaches New Deal To Sell Most Of Its Assets
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ExciteAtHome creditors seek to force higher bid
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Bankers resist Marconi move to buy back bonds
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Sukamto faces jail, US$1.5m fines - Indon businessman pleads guilty to bankruptcy fraud charges in Hawaii

Lernout & Hauspie:

L&H again seeks bankruptcy relief
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L&H says sell-off could be done in four weeks
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SpeechWorks makes offer for Lernout & Hauspie tech assets
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Steel:

US ruling opens way for steel import curbs
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Wheeling-Pittsburgh Steel Applauds ITC Ruling and Asks For An Early Determination of Remedies
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Trade Panel Rules for U.S. Steelmakers;
Bush Is Likely to Raise Hurdles to Imports
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Imports injure U.S. steel industry - Trade commission ruling could lead to quotas or tariffs
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AIIS: Protectionism Wins Round One at ITC; Import Barriers Will Do Nothing to Help U.S. Steel Industry
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Weirton Steel CEO: Industry Recovery in Sight After ITC 201 Action
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US steel ruling condemned
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  Cruise Companies:

American Classic’s Chapter 11 filing raises fears about federal project
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More Rough Seas For Cruise Cos.
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Mississippi Queen paddles into bankruptcy
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American Classic Wins OK To Pay Salaries And Benefits
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Airlines:

UBS Warburg Widens 2001 Airline Loss View
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Broad coalition moves to get Swissair flying
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Some Airlines Say the Pace of Bailout Aid Is Too Sluggish
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Swissair Secures a Rescue Package
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Airport eyes looming trouble - US Airways' weakness affects Charlotte/Douglas
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Swissair bankruptcy administrator welcomes rescue plan
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EU Regulators Take Hard Line On Airline Bailouts
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Can United be rescued?

Europe: Aircraft industry decline only "temporary"
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Sobelair Pilots Plan Management Buy Out Of Sabena Unit
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Law Firm Restructuring:

Even Superstar Law Firms Find the Need to Thin the Ranks - Verner Liipfert Cuts Lawyers and Branches
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Business Casual Backlash - With change in economy comes change in dress
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Restructuring . . .

Printer Maker Plans to Cut 1,600 Jobs Amid Slowdown
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Quality Stores:

Noteholders Commence Chapter 11 Reorganization Case Against Quality Stores, Inc.
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Quality Stores, Inc. Responds to Involuntary Bankruptcy Filing by Bondholders
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H&R Block shares off on subprime lending worries
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Nursing homes struggle to keep pace with costs
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Chelmsford Attorney Sentenced for Bankruptcy Fraud, Reports U.S. Attorney
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Sugar beet growers paid for 2000 crop, claims from bankrupt sugar maker
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Woman, 46, acquitted in bankruptcy fraud case
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Market uncertainty sparks DIP loan battles
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Houston: Premiere Chapter 11 stuns creditors
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RnetHealth files for Chapter 11 bankruptcy
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Delaware High Court Rules for Corporate Directors - Business judgment rule upheld by decisions in shareholder suits
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Power Utilities:

PG&E's Lawyers Defend Themselves
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A Debt Trap for the Unwary - Credit counselors pose as nonprofit saviors, but some only get consumers deeper into the hole
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Dotcoms:

Flywheel Communications Shuts Down
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HMI Makes Statement Regarding HomeSeekers
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Court Lets Former eToys Sell Remaining Inventory For $1.3M
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Etoys Quietly Relaunched
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On sale: All that remains of Webvan
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__________________

Polaroid: Gone in a flash
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Cincinnati: Bankruptcy filings take major leap - Layoffs, legal changes contributing to deluge
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France:

Moulinex court approves rescue bid
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SEB to buy parts of Moulinex
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Bid for Moulinex Units Is Approved by Judge
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Norway:

Russian Oil Co. Buys Kvaerner Assets
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Mexico:

Creditors file bankruptcy case against Tribasa
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Canada:

Bank stocks plunge amid renewed fears of bad credit and bankruptcies
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U.S. trade ruling puts steel exports at risk: Stelco, IPSCO could face tribunal penalties
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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.