September 14, 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

         
Metromedia Gets Extension of Financing Commitment
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Disaster Displaces 14,000 New York Lawyers
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On Web Site, Associates' Greed Gives Way to Grief, Concern, Anger
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Business Costs Expected to Be Staggering
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A Property Man's Dream Turns to a Nightmare
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A Ruinous Day for Insurers - The staggering costs related to the bombings could bankrupt some smaller companies 

Tech sector braces for tougher times after attack
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Airlines:

After tragedy, executives feel invincible no more
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Air travel suffers rippling effects from Tuesday’s hijackings
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Fear of flying to hit jet fuel demand harder
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US airlines look for solutions and start to feel the fallout
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Airline losses could be in billions
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How Much Heavier Can Airlines' Baggage Get? - After the hijackings, carriers' fortunes have gone from bad to really bad, fast

Skycaps Will Pay Price of New Rules
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Airlines Want Protection From Lawsuits
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Airline industry may face losses of $10bn

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Symington:

Symington cuts debt deal
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Ex-Governor of Arizona Settles Bankruptcy Case
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Judge Rules in Favor of Maxxam in Bank Failure Suit
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Ebiz bankruptcy a troubled sign for Linux companies
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Internet hotels haunted: Venture seen as an exciting opportunity a year ago faces spectre of bankruptcy
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  Power Utilities:

Time running out on Edison deal
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New Draft Of Edison Rescue Bill Cuts Bond Deal To $2.5B
(WSJ: separate paid subscription required)

California lawmakers face largest issue, hundreds of bills on final day of session
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Developments in California's energy crisis
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Burton Lays Down Law With Enron
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Steel:

Wheeling-Pittsburgh Steel Corporation and United Steelworkers of America Reach Tentative Agreement on Contract Extension
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Steel plants sink into crisis
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Union: Wheeling-Pittsburgh Workers To Take Pay Cut
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Wheeling-Pitt, union reach new labor pact - Steelworkers accept job cuts, but '30-and-out' clause is restored
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Bosses steeled for tricky talks on supply: Profitability of the steel industry will be the focus of talks
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Associate Recruiting Continues Despite Silicon Valley Layoffs
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Joint $151M bid for Schwinn prevails
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Mill workers' involuntary bankruptcy petition moved to South Carolina 

Unemployment Claims Up; Consumer Confidence Sags
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Car Makers Slowed by Parts Delays
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World's banks prop up markets in move to avert global recession
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American Tissue Lays Off About 112 LI Workers
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Mass: Nursing homes file petition for bankruptcy
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Official optimistic National Airlines can surmount setback
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Pillowtex Closes On Sale Of Blanket Unit To Invest Group
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

New life pending for Genesis Health
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Telecoms:

Rhythms subsidiaries remain in business

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Lernout & Hauspie Scrambles To Save Core Biz
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Canada:

NetActive files for bankruptcy
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Japan:

Japan's Mycal, fourth largest supermarket chain, files for court protection
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Nikkei recovers 10,000 on reports of Mycal failure
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Japan Aug Corporate Bankruptcy Cases Down 5.4% On Year
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U.S. Devastation Threatens Japan's Banking System
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DKB to cut financial lifeline to struggling Mycal
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England:

Independent's Bright owes 5m to creditors

Bankers In Desperate Bid To Trace Colleagues
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France:

Kitchen sinking - Why Moulinex Brandt is near to bankruptcy
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Australia:

Australian Airline Files for Bankruptcy
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