October 8, 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 jockey for rank
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Owner of telecom licenses in fight for $5 billion windfall
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Creditors seek new Excite@Home deal
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Excesses doomed At Home - Broadband provider grew at meteoric pace, but losses led company into bankruptcy
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Atlantic Telecom goes to the bottom
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Who Is to Blame for the Demise
Of High-Flying Excite At Home?
(WSJ: separate paid subscription required)

PSINet selloff plods ahead
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___________________

Economy:

Pork Barrel or A Kick-Start?
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U.S. Weighs Options for Stimulus Package
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More Debt, Fewer Paychecks Spell Trouble for Economy
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____________________

Dotcoms:

Can dot-coms benefit from bankruptcy filings?
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Yahoo results could show industry moving from bad to worse
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Creditors want Website U's assets found
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Dotcoms heading for second slump
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__________________

Nashville: Involuntary bankruptcy forced on specialty advertising firm
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South Carolina Fund to Absorb Millions in Claims Against Insolvent Insurer
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Bankruptcy Trustee Accuses Restaurant Chain's Owner of Impeding Sale
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Companies' Big Debts Now Carry Big Risks
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Signature Homes money woes might hit homeowners, bankruptcy possible
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Bankruptcies' toll felt not only by dying firms, but also by creditors left hanging
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Lessons learned from a turnaround leader
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WTC crash will cost $105b to NY
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Pacific Aerospace & Electronics, Inc. Obtains Waiver From Senior Lenders
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Reuters faces task of making former Bridge pieces profitable
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FTC Plans to Abandon New Bills on Privacy
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Let legal advice drive bankruptcy decision
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Retirees Targeted by Debt Program
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Global push for reform of offshore money laws
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Fort Lauderdale, Fla., Sees Steep Rise in Bankruptcies
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Many medical groups are not well
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  Jay Alix settles with U.S. Trustee - Agrees to repay $3.25 million
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Airlines/Travel:

Swissair creditors 'to sue banks'
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Swissair's Collapse Triggers Clash Between Swiss Banks, Leaders
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Fed loan backups good for all airlines
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UBS chief Marcel Ospel apologizes over Swissair affair
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U.S. Aid May Bypass Weak Carriers
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UAL, America West Unions Stick to Demand for Raises Amid Slump
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Strong carriers to be favored in bail-out
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Swissair accepts banks' emergency rescue plan
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TWA retirees file lawsuit for free flying benefits
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Airline help tied to private borrowing
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Amerijet can keep no-shop clause
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Midway may get federal help
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Midway Airline told it can pay laid-off employees
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New Airline Board Is Given Wide Authority
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Brave New Cruise World
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US Airlines Face Slow Recovery
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Airlines Likely to Lose $5-10 Billion This Year Due to Attacks, GAO Says
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Boeing CEO sees major airline bankruptcies
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European airlines in financial tailspin
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Boeing's Condit says aviation crisis 10 times worse than during Gulf War
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Vegas counts cost of attacks
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Fate of the world's leading airlines
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Hawaiian gets $18 million, wants more
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__________________

Xerox Fires Auditor KPMG as Tension
Continues Following Financial Scandal
(WSJ: separate paid subscription required)

Power Utilities:

Foes Fight On As Judge OKs Edison Deal
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Customers Keep Paying Price of Energy Deregulation Fiasco
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Judge OKs $3.3 billion Edison rescue / Consumer groups irate over secret deal to keep utility out of bankruptcy
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Diverging Edison, PG&E Strategies Will Generate Different Futures
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California Energy Firm Vows to Repay Debts by March
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Critics blast PUC's settlement with Edison
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_____________________

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

At Least Someone's Making Money: Turnaround Experts
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Schlichtmann calls ruling payback for Woburn case 

Health Risk Management - Hospitals say they are owed $40M
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Digital Now files voluntary petition re federal bankruptcy law
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Small Firms Hit Hard After Crisis
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Assault on America: A Global Tragedy
S&P Examines Credit Implications Sector by Secto
r

Comdisco's Stock Is Rising Despite Chapter 11 Filing
(WSJ: separate paid subscription required)

St. Louis: Haystack on life support, needs cash to stay alive
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Bankrupt National Record Mart will advise of store closings by Oct. 19
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Miami County contracting firm in Chapter 7
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Sabre International files for bankruptcy protection
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Anchorage: City Mortgage goes into bankruptcy - Judge gives creditors the go ahead to begin search for assets
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Philadelphia: City finances left at risk
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England:

Railtrack in administration
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U.K. Takes Charge of Railtrack Plan
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Don't Cry For Railtrack
(WSJ: separate paid subscription required)

Excuses, and cash supply, finally ran out
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End of the line
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Running Britain's creaking train infrastructure was a job reserved for 'the strong or the stupid'
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__________________

Korea:

Creditors ready to endorse new aid for Hyundai Petrochemical
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______________

Japan:

Easy money, easy bankruptcy
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Japanese approach prolongs problem
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_______________

Canada:

Skeena seeks extended protection
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Skeena's $500M debt not expected to be repaid
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B.C. government reviews bids to buy troubled Skeena Cellulose
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________________

 

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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.