October 29, 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

         
Cultural Workout
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Bankruptcy Reform:

Congress forgoes tightening bankruptcy law -- for now
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Airlines:

UAL Chairman, CEO Goodwin Quits; Creighton Appointed
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US pushes for airline accord
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New threat to Swissair
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Swissair laid-off employees granted right to immediate unemployment pay
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United Airlines moves to regain confidence by replacing its embattled leader
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AMF Bowling gets extension to file reorganization plan
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The pendulum swings for media - It's a far cry from the booming '90s
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Attacks' fallout hits auto suppliers - Many firms forced to downsize, slash costs to keep afloat
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Caliber Learning: Crt OKs Assets Sale To Sylvan Learning
(WSJ: separate paid subscription required)

U.S. Corporate Earnings Decline for a Third Consecutive Quarter
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Law Firm Restructuring . . .

To Save Cash, Orrick Trims Child Care
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Court Extends Allied Products' Chapter 11 Plan-Filing Period
(WSJ: separate paid subscription required)

Charleston: Cruise ship has rough going, seeks bankruptcy protection
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Dotcoms:

Egghead.com Fried
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Some Bankrupt Dot-Coms Ask Customers for Permission to Sell Information
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Webvan rolled in luxury
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Creditor, Ex-Workers Battle for E-Learning Co.'s Assets
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Default Worries on Home Loans Escalate As Lenders Report Delinquency Increase
(WSJ: separate paid subscription required)

Oklahoma: Farmers promised fair process on foreclosure
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Reid pushing $5 billion in loans for travel, tourism
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Stan Lee Executives Indicted in Check Scam
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Investment Group Purchases Assets of Krause's Furniture
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The harsh lessons of layoffs
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  GE Capital drops objections to Valley Pride DIP
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Asbestos:

Asbestosis victims may lose out under US law
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McDermott Ruling May Set Precedent in Asbestos Bankruptcy Cases
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Enron's bond prices drop to bankruptcy warning levels
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Cruise Lines:

Northrop suspends work on two vessels - 1,600 workers to go as funds withdrawn 

Renaissance cruise passengers left high and dry
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Scrambling for Refunds After Canceled Cruises
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Telecoms:

More 360networks units go bankrupt
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Sen. McCain: NextWave "Windfall" Needed For War Effort
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360networks Seeks 120 More Days Plan Filing Exclusivity
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Bankrupt Teligent To Seek Court Approval To Sell Units
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After Billion-Dollar Build-Up,
Broadband Plans Are Put Off
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As Travel Slumps, Insurance Side Booms
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Steel:

Power play at former LTV plant
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U.S. admits imports hurt our steel makers, but will it act?
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BirmSteel wants to shed wire ops by December
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Lernout & Hauspie:

Uncertainty hits L&H customers after bankruptcy
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L&H Hearing May Reveal Fate of Assets
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London Clubs eyes Aladdin escape: Casino operator could become bid target if freed from Las Vegas debt
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Caliber Learning Network, Inc. Concludes Sale of Substantially All of its Assets
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Pulp and Paper of America - Fallout, Some idled workers sell homes, file for bankruptcy
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Power Utilities:

Low demand led state to give away power, pay utilities to take it
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U.S. law offers financial relief for reservists
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When debt gets out of control
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

American Tissue Directors to step down
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Video Update probe prompts delay in hearing on plan
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U.S. economic data this week to be 'pretty ugly'
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Canada:

Bank of Montreal Increases 4th-Qtr Bad-Loan Reserve
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Decision time near on fate of Skeena Cellulose
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Knowledge House Inc. Files Proposal to Creditors
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Japan:

Japan Unveils Economic Reform Plan
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More youths on student loans due to fathers' suicides
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Korea:

Creditors pressure Hynix Semiconductor
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South Korean Bankruptcies On The Rise As Debtors Unwilling To Pay Up

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Taiwan:

Cash crunch for DRAM firms
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Argentina:

Argentine economic crisis heading for court
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Norway:

Kvaerner believes will avert bankruptcy today
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Wireless licenses battle nears resolution
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Kvaerner refused funds by 2 largest shareholders
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Kvaerner pins hopes on banks to save co from bankruptcy over weekend
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England:

Aitken makes 3m deal
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Marshall blames regulator for failure of Railtrack
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Aitken bankruptcy deal to halve 2.8m debts
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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.