October 30, 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

         
Telecoms:

At Home creditors win court victory
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Congress Will Intervene If NextWave Talks Fail - McCain
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FCC, NextWave close to deal on five-year dispute
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No Satisfaction Gained From NextWave Talks
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Verizon Wireless to Make Deal on NextWave Licenses
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Aerie bids again for Metricom assets
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Atlantic Telecom faces a revolt
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Telergy files for bankruptcy
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After billion-dollar build-up, expansion plans are put off
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Moody's Places All Long Term Enron Debt On Review For Downgrade
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Enron's Flickering Bulb
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ABC-NACO Receives Court Approval for Interim DIP Financing
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New Owner Plans to Resume Production at Bankrupt Mira Loma, Calif., Motorcycle Plant
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CPAs advise clients on dealing with unstable economy
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Lernout & Hauspie:

Judge to set auction for Lernout & Hauspie assets
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Lernout & Hauspie Auction Plan Gets US Court Approval
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Houston: Survival of the fittest - A Moveable Feast files bankruptcy
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Dotcoms:

C2 Media final DIP approval delayed
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Egghead Suspends E-tail Operations
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Despite Pledge To Stay Open, Egghead.com Shuts Down
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Denver: ISP may be pulled from bankruptcy

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Symphonies:

Cash-strapped San Jose Symphony goes silent
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Toronto Symphony teeters on brink of bankruptcy
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TSO faces ruin as bailout rejected
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Bankruptcy Judge Approves Sale of Lancaster, Pa., Printshop
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Accounting Firm Grant Thornton Sued on First National Bank of Keystone
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Video Update confirmation hearing delayed
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Dallas: Another flurry of job cuts on the horizon
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When bankruptcies are good for a company's bottom line
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Loan Modification Programs Are Helping
Homeowners Soften Blow of a Slowdown
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Consultants take control of American Tissue
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Dairy Mart Creditors Oppose CEO's Compensation Package
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Polaroid:

How Polaroid lost sight of the bigger picture
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Polaroid Announces Resignation of Three Executives
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George Young:

Missouri Cattleman Seeks Role in Bankruptcy Case
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Two Nebraska Families Sue Ohio Co-Op in Cattle Deal
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Kansas City, Mo., Cattle Bookkeeping Service's Bankruptcy Trustees Seek Refund
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Wisconsin Banks Make Assumption of More Delinquencies by Borrowers
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  Owens Corning examiner request denied
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Airlines:

UAL's CEO Creighton May Turn to Unions for Cutbacks
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United cutbacks take shape - New CEO confronted with need to stanch onslaught of red ink
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When failing airlines can't take off
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UAL boss seeks sacrifices
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Major changes on the wing at United Airlines
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Northwest Airlines a 'winner' at DBAB
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Swissair's travel portal Beyoo unit files for bankruptcy
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A group including former top execs with CBS, Citicorp and Legend Airlines starts up a charter-airline company
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Industry Net Loss This Year Pegged At $5.6 Billion
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US carriers face grim prospects despite aid
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Banks may refuse loans to save Aer Lingus
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ILO holding crisis talks over downturn of airline industry
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Swissair subsidiary says Emirates, South African Airways also under threat
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Sabena Cuts Trans-Atlantic, African Routes To Stay Afloat
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Court Approves Final ITS DIP Financing - Enjoins Former Chairman From Calling Special Meeting of Shareholders
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Bankruptcy Judge Approves Spending Plan at Memphis, Tenn.-Based Response Oncology
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Assisted Living:

Assisted Living's $4.4M DIP approved
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Assisted Living Concepts Announcements
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Power Utilities:

Something Just Doesn't Smell Right About Those PG&E Fees
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Calif. officials press FERC to maintain oversight
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Owner near release from Aladdin obligations
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Dollar Tumbles as U.S. Reports Seen Fueling Recession Concern
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Tackling the tourism job crisis
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Cruise Lines:

Miami: Sunrise left on the dock by bankrupt cruise line
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Nearly $1B on the line for creditors, taxpayers
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Monster Mag That Inspired Hollywood Faces Death In Bankruptcy Auction
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Retailers:

The Great Markdown
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Retailers Say Holiday Season Looks Uncomfortably Uncertain
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Factory Card Gets OK For Amended Severance Plan For Mgmt
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Uneasy Workers Proceed as Bankruptcy Looms for Philadelphia Shipyard Operator
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State officials: Kvaerner yard will survive
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San Antonio area records big spike in bankruptcies
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Greensboro: House Dressing furniture files for Chapter 7 bankruptcy
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Living on the Edge -- Despite economic uncertainty and global turmoil, many companies are benefiting from taking risks

Steel:

Bethlehem Steel plotting survival strategies
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U.S. steel losing the game
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Steel chief sees Chrysler parallel
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Law Firm Restructuring . . .

Shearman & Sterling Foresees 10 Percent Cutback in Associate Ranks
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Tri-National bets the farm on Mexican land
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Comdisco extends easing portfolio deadline
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Bankrupt courier's woes show ATMs' weakness - Experts say Tri-State Armored Car Services shows that some banks are not practicing proper oversight
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Austin: Secure Comm Inc. files Chapter 11
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Henley Healthare Files For Ch 7 Liquidation In Texas
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Famed Pennsylvania Resort Closes
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Losses to defaults surge, banks scramble
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Golden Books Can Immediately Pay Secured Bondholders $23M
(WSJ: separate paid subscription required)

Turnaround specialist: Consultant helps firms with financial problems
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Roanoke Bankruptcy Cases Grow
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Bry-Lin Hospitals files for Chapter 11
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Lykes' Fate Rests On Stocks' Value - Bankruptcy Possible If Shareholders' Claim Upheld
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Japan:

The third excess
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Japan calls record 5.3 per cent jobless rate "emergency"
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Japan faces up to painful cuts in jobs at home
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Japan Facing 2-Year Slump, BOJ Says
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Ohkura collapses as 1st listed victim of IT recession
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Argentina:

Argentina Signals Default on $38 Billion of Debt
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Phillipines:

CMDC proposes new bankruptcy law
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Norway:

Kvaerner looks for savior in Yukos
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Kvaerner continues talks with lenders this morning to avert bankruptcy
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Kvaerner reveals operating loss
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Debt restructuring is preferable to bankruptcy
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Yukos offers Kvaerner a seven-day lifeline
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Kvaerner chair believes in cash solution
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___________________

Korea:

Daewoo creditor in talks to sell bus plant
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Hynix creditors to discuss new bailout plan
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Korea to auction Daewoo Motor truck plant
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England:

When is a failure not a failure? When a firm is in receivership
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Aitken's creditors get 1.8m
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________________

Mexico:

Meat Producers Demand Rescue Package To Avoid Bankruptcy
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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.