October 25, 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

         
Airlines:

American Airlines crisis deepens
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Rest of bailout money for U.S. airlines seen weeks away
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European Air Travel in Slump
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Swissair seeking funds to pay Nov salaries to 2,470 staff in bankrupt ops
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United Airlines grappling with crisis
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Sabena's fate is more uncertain
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Ireland Looks to Sale of Airline
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De-risking the airline industry
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Alitalia doubles lay-offs to save itself from bankruptcy
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Big Texas Law Firm Settling With Victims of Swindlers - Used Firm to Gain Clients' Trust
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Comdisco:

HP ups bid for Comdisco unit
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HP Says It's in Comdisco Deal; Comdisco Unsure
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Comdisco is in no position to seize the moment.
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SunGard Buy of Comdisco Unit Delayed; H-P Ups Offer
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HP raises bid for Comdisco to 750 mln; gains Comdisco board support
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Sungard may lift Comdisco bid to $825 million
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DIP Dimensions — Polaroid Corp.
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Exodus Commun Seeks Bankruptcy Crt OK For $200M DIP Loan
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Diebold to buy bankrupt competitor's assets
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International Knife & Saw Gets Final OK Of $7M DIP Pact
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Wrinkle in Crazy Shirts sale - Bankrupt T-shirt retailer will likely be auctioned tomorrow
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Jury convicts Ruxton telemarketer in federal bankruptcy fraud case
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Oklahoma oil, gas subsidiary of bankrupt Transcom sold
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Hedge Funds Differ On Opportunities In Distressed Market
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Alabama: Amusement park governing board approves bankruptcy filing
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Companies not knocking on grad schools' doors
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Does the U.S. Still Trust Markets to Work?
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Several orchestras in trouble financially
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When Good Stocks Go Bankrupt
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  Legal Market Feeling Pain in All Corners - More layoffs, in-house woes, and little work for new grads
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Telecoms:

Judge: Rebels could derail Excite deal
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AT&T cedes control of At Home board
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At Home creditors get glimmer of hope
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Behind the Telecom Meltdown: Too Much Money, Too Little Foresight
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O'Melveny & Myers LLP Represents Excite@Home in Bankruptcy Filing
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Restructuring . . .

BofA to cut 600 jobs, close offices
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Kodak To Cut 4,000 Jobs
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Sears to Cut 4,900 Jobs
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Fujitsu cuts 4,500 jobs as losses widen
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GeoNet loses funding and merger deal, sending it into liquidation
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Chiquita:

Chiquita fights for its life
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Chiquita equity-for-debt talks continue to agree bankruptcy
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Cruise Lines:

Cruise ship insurance is no good when line succumbs

Renaissance hoping to keep two cruise ships
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Bankruptcy strands crew New Orleans cruise line also leaves passengers waiting at the dock
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Steel:

Restructuring saves bankrupt Algoma $95M
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U.S. steels for fight over imports
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Revamp plan aims to slash Algoma costs: Would cancel shares: Includes job cuts, new equity offering to debtholders
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Steel wins, you lose
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Foreign steel makers ready to fight
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Bush ratchets up risk of steel war
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US may need to bite the steel bullet to keep the peace on trade

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Quality Farm closes 133 stores, 47 in Nebraska
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HMG Worldwide Seeks Court Approval Of DIP Loans
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Capital One says will grow 20 percent in '02
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Ex-North Miami mayor files for bankruptcy
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Resting on protocol: cross-border bankruptcies
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Big firms clog US bankruptcy courts
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Three step up to bail out Baldwin Piano
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Is Steel Heddle Group Inc.'s Chapter 11 filing too small for the Delaware bankruptcy court?
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Tri-National:

Tri-National goes willingly into bankruptcy
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Tri-National Files Bankruptcy as Senior Care Extends Its Tender Offer to Tri-National Shareholders
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________________

Lernout & Hauspie:

Belgian court declares L&H bankrupt
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L&H declared bankrupt; assets to be sold
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Bankruptcy finally catches up with Lernout & Hauspie
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Lernout & Hauspie finally falls silent - Speech recognition company says farewell as judge ends whole sorry saga
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Founders seek to buy back Dragon - Say they will bid to reacquire assets from Lernout & Hauspie
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____________________

Jobless bankers welcome break from the Street
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ABC-NACO Wins Interim Court Approval For $20M DIP Loan
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Grim Outlook for Asian Economies
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Phar-Mor Gets Final Court OK On $135M DIP Loan Facility
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Korea:

Fugitive Daewoo founder rebuts fraud charges
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Korea Data System Faces Bankruptcy
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_________________

England:

Millionaire quiz major's relative declared bankrupt
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Canada:

Some Children's Aid Societies offices face bankruptcy
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_________________

China:

Ministries deny plans to freeze bankruptcies
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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.