October 26, 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

         
Bank blasts American Tissue, citing “fraud, dishonesty, incompetence and mismanagement” serious enough to prompt an FBI investigation
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Creditor seeks examiner for bankrupt Owens Corning
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Telecoms:

Opposition mounts to AT&T, At Home deal
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At-Home alone - Ticked-off Excite@Home bondholders and shareholders try to thwart sale to AT&T
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Excite@Home Sale Of Media Ops Could Come Within Weeks
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Ennovate set to declare bankruptcy
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WorldCom Sinks
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360atlantic group of companies files for reorganization in Canada
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Diebold's Mosler buy nears closure
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Northrop Stops Work on 2 American Classic Cruise Ships
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Graham-Field Gets Extension To File Reorganization Plan
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On The Block - Eclectic Gun Collection Up For Auction
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Chiquita:

Chiquita may file for bankruptcy
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Chiquita Reports a Loss and Weighs Bankruptcy
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Trade war may force Chiquita to file for bankruptcy protection
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White House to look at extending liability protection in terror attacks beyond airlines
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Construction insurer to pay $22 million to bankrupt Regent Casino - Creditors still feel short-changed
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Operating profit rises 1.5% at W.R. Grace - But net earnings fall 42% in part because of Chapter 11 costs
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Dotcoms:

Bankrupt Exodus to Dispose of Four European Facilities
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Web Travel Stocks Tumble on Threat to Commissions
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Venture Capital: $955 million dot-gone in a flash

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Power Utilities:

Calif. PUC OKs Rehearing Of Pacific Gas Rate Decision
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PUC: Mkt Valuation Of PG&E Assets Not Needed To Set Rates
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Sunterra Corporation Announces Adjustments to Unaudited Financial Statements
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  Law Firm Restructuring:

Crosby, Heafey Gives 40 Pink Slips - Forty Support Staffers Axed at Crosby, Heafey
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Airlines:

AMR: Loss May Cause Covenant Violation
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US sets deadline for airlines to seek more aid
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Government Bailout Helps Northwest
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Lernout & Hauspie:

L&H could be down for the count
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Lernout & Hauspie's Bodson only prolonged inevitable bankruptcy
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L&H struck dumb
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L&H Attorneys In US Take Steps To Protect Dictaphone Unit
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Terrorism to cost 9 million tourism jobs
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Schwinn releases bonus plan
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WTO Predicts Growth in World Trade Will Be 2 Percent This Year, Down From 12 Percent Last Year
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Steel:

Algoma gets protection from creditors
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Algoma Steel stakeholders get fifth extension: Courtroom tension
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S Korea May File WTO Complaint If US Curbs Steel Imports
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CEO says inconsistent trade laws jeopardize Canada's steel industry
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Anacomp Receives Bankruptcy Court Approval Trade Term, Cash Collateral Motions
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Sagging Economy Hurting Symphonies
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Frank's Nursery banks on new chief
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Des Moines: Failed co-op owes almost $44 million
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Sewer crisis in Troy: Unpaid Troy Mills bill puts the town in the red
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Cincinnati: Fuller bankruptcy erased $39K debt
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U.S. Trustee Files Objection To C2 Media's Financing Plan - Says Not Enough Earmarked For Possible Conversion To Ch. 7
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Executives of bankrupt comics icon's Internet company indicted on fraud charges
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Federal Reserve Reports Slumping Economic Activity in Mid-South Region
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Fed: Margins Tight; Loan Demand Falls
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Birmingham: VisionLand can seek bankruptcy
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Comdisco:

SunGard still gunning for Comdisco assets
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Rivals claw to recover gold from Comdisco
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Corporate US on track for bailout
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PMI Business Grows, But Defaults Rise
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Bankrupt Pioneer Cos Gets Court OK To Pay Insurance Bill
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SMTEK Acquires Assets of Bankrupt Century Electronics
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Wolf Camera Seeks First Exclusive Plan Filing Extension
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Canada:

Dylex creditors want sale investigated
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Dylex creditors seek legal action
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Norway:

Uncertainty leaves Kvaerner on the brink
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Kvaerner says it will run out of cash by Monday
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Kvaerner shocks with bankruptcy bombshell
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Kvaerner In Talks To Speed Up Sale Of Units To Yukos
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Kvaerner could be bankrupt in days
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Japan:

Bank lending vital for an economic recovery
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Buying banks' bad loans
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Japan's Okinawa Shinkin Bank To File For Insolvency
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Aid planned for self-employed in dire straits
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England:

Lloyd's Faces Cash Crisis
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Met police 'close to bankruptcy'
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Brazil:

Soletur's bankruptcy hits tourism market
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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.