September 17, 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

         
Power Utilities:

Calif. Senate Adjourns Without Vote
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Calif Gov To Call 3rd Special Session On SCE Rescue Bill
(WSJ: separate paid subscription required)

Edison Rescue Stalls
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Edison-Rescue Bill Stalls in California;
ISO Will Unveil a Power-Payment Plan
(WSJ: separate paid subscription required)

Governor hurls final insults, lawmakers toss back expletives
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Terrorist Attacks May Delay Plans to Resolve California Energy Crisis
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Edison bailout bill flickering in Senate - Some liken the last-minute frenzy to atmosphere that preceded the deregulation bill
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Legislature in California Gives No Aid to a Utility
(NYT: separate free registration required)

Edison Supports Governor Davis' Call for Special Session
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Bye, bye, bailout plan
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Utility rescue plan killed; Edison faces bankruptcy
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Meter is running on fate of Edison
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Calif Gov: Latest Bill Won't Make SoCal Ed Creditworthy
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Session's end leaves Edison in limbo
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State Leaders Go Back and Forth over Fate of Southern California Edison
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Edison Rescue Bill Lacks Votes In Calif Senate -Senator
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_______________

Insurance bill may top $20 billion

Insurance claims could reach $40 billion
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Legal Industry Suffers Blow in Trade Center Attack; Reams of Documents Are Lost
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How the attacks are hitting U.S. companies
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Attack Toll Includes West, East Coast Lawyers
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Texans See the Terror First-Hand
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Outlook Worsens for U.S. Economy, Analysts Say
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Earnings downgrades ripple across industries
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Collateral Damage
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Recession Worry Outweighs Inflation Data
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Economists Forecast Recession,
Say It Will Be Relatively Mild
(WSJ: separate paid subscription required)

Global Economic Shock Waves Ripple From Attack
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State, City, Federal Governments
Expect Huge Costs From Attacks
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Steel:

Steelworkers OK Weirton Contract
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Steelworkers to get 20% of Wheeling-Pitt
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__________________

Bankruptcy Judge Restores Payroll in Former Kentucky Governor's Farm Case
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Endless Asbestos Saga
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Iowa company hired to sell cattle in bankruptcy case
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Banks Isolate Hedge Funds
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Attack raises troubling questions on U.S. economic policy
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Houston: Once high-flying JBSi forced to file for Chapter 11

Albany: Bankruptcy judge approves sale of lawsuit to Lawrence heirs
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  Airlines:

Airlines bankruptcy warning
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House bill to bailout airline industry defeated
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Airlines Plead for Quick Aid
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Major Airlines Cut Back to Avoid Bankruptcy
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Airlines, in Search of Relief, Warn of Bankruptcy
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Lines grow, but jets half full
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Airlines circle for financial landing

Airlines expected to lose billions - Analysts estimate losses of $7 billion or more for industry

Forecast for airline industry is gloomy
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Crippled airlines face bankruptcy and mass layoffs
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Congress clears funds for airlines
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Continental Airlines, Expecting Drop in Air Travel, Cuts Schedule 20 Percent, Furloughs 12,000
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National Airlines reduces operations by 20 percent
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Continental Air: Losing $30 Million a Day
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Uncertainty Remains on Horizon for Northwest Airlines
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Air Canada faces biggest impact among Canada airlines
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American, Delta Review Staff Levels
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Swissair bankruptcy risk increased by US flight cancellations
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O'Rourke refuses to comment on Aer Lingus bankruptcy reports
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Facing cash-flow crunch, carriers seek help
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Mexicana Loses 7.5 Million Dollars Per Day
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Shuttle America to restore some routes
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Analysts warn that some European airlines face bankruptcy
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US airlines to cut capacity by at least 20%

Airlines See Financial Gloom In Wake Of US Terror Attacks
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Airline Industry Faces Emergency That May Require Government Assistance
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BTC Urges Congress to Safeguard Airlines' Financial Viability; U.S. and Global Businesses Face Serious Threat as Airlines Falter
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________________

International Total Services:

Airport security firm declares bankruptcy
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International Total Services To Continue Operations Under Chapter 11 Protection
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Intl Total Svcs, Units File For Chapter 11 Protection
(WSJ: separate paid subscription required)

Skycaps' Coveted Livelihood Vanishes
As FAA Puts End to Curbside Check-In
(WSJ: separate paid subscription required)

_________________

NextWave bankruptcy hearing rescheduled for Oct. 1
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Judge bars Newport Creamery owner from accessing funds
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Kansas City bankruptcy filings jump; experts point to several causes

U.S. headed for recession, Cheney says
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Newport Beach: Businessman Defrauded Investors, Bankruptcy Judge Decides
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Twin Cities: Carefree files for Chapter 11 protection

 

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Court Deals With Disruptions After Attacks
(WSJ: separate paid subscription required)

Grove must wait for recovery plan confirmation
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RBX Corp. emerges from bankruptcy protection, but Bedford plant's future still cloudy
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Averting a battle for space in N.Y.

Temporary budget allowed in Payless Cashways liquidation
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Raleigh/Durham: Steckler firms file bankruptcy

Creditor wants Las Vegas bankruptcy court to stop payments to hotel's owners
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Quebec railroad bids $45 million for bankrupt B&A assets
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Can the Economy Survive the Attacks?
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Wall Street:

Airline Stock Losses Loom After Attacks
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Economic Terrorism Comes With a High Price
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Global markets brace as Wall St readies to return
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__________________

Developing states face credit fears
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The Vulture Hall of Fame

The High Cost of Chapter 11

The Return of the Wall Street Vulture

Japan:

Japan Moves Closer to Cleaning Up Crippling Bad Debts
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Japan's Mycal Corp. seeks court protection
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Mycal Corp. Seeks Creditor Protection in Japan's Biggest Retail Bankruptcy
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Mycal's Bankruptcy Seen as Sign of Change in Japan
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Shakeout of Japan's Weakest Companies May Follow Mycal's Bankruptcy Filing
(WSJ: separate paid subscription required)

Retail collapse hits Japan's biggest bank
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Takenaka, Aso urge drastic action on bad loans
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_____________

Korea:

Hynix creditors agree on bailout plan
(DBN Subscription Required)

______________

Mexico:

Grupo Dina Moves Closer To Bankruptcy
(DBN Subscription Required)

______________

Australia:

Ansett collapse threatens Aus tourism
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Facing the truth on Ansett's demise
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_______________

England:

Thousands of British Airlines Jobs At Risk
(DBN Subscription Required)

Treasury plays down support for companies

_________________

France:

Moulinex-Brandt main shareholders say not responsible for bankruptcy
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______________

 

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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.