September 19, 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

         
Pack of bidders in frenzy over bankrupt Wolf Camera
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Airlines:

White House To Bailout Airline Industry
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Rescuing the Airlines
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Quick Relief Is Planned for Airlines,
But Not All Requests Will Be Met
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Airlines Consulted on Bailout Package - Transportation Chief Says It's Too Soon To Provide Details
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We should bail out our airlines -- but only if we get something in return
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Bailout of airlines criticized, defended - Sympathy expressed, even by many in the hands-off camp
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Transportation Secretary Meets With Leaders of Struggling Aviation Industry
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Airline bankruptcies, not bailout, would best serve taxpayers
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Airlines Warn of Bankruptcy Protection
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Aviation industry threat exposes banks
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Boeing Plans 31,000 Layoffs
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Northwest goes from profits to begging for a bailout
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U.S. to Move Forward on Airline Aid Package
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Bush urges airline bailout
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Attacks threaten profits at aircraft leasing companies

Boeing very vulnerable to airlines' financial hit
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Airline Ratings Placed on CreditWatch Negative After Terrorist Attacks in the U.S.
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European Airlines Face Dire Straits
Following Terrorist Attack in U.S.
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Turbulent times ahead for airlines - Passengers desert the skies which may lead to bankruptcy
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Delta bankruptcy still a possibility
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S&P says cuts Continental Airlines aircraft debt
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Moody's cuts American Airlines ratings
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Moody's lowers Delta Airlines ratings
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National aims to rebound amid air industry slump
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L&H wins another reprieve
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Senior Care Responds to Tri-National Assertions in Response to Involuntary Bankruptcy Petition
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Comdisco's Disaster Recovery Unit Could See an Upside
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Bankrupt L.L. Knickerbocker Co., Inc. Reports the Approval of Sale Of Substantially All Assets
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Metromedia Gets Extensions on Financing Pacts
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San Francisco man admits hiding $2.6 million in WRT assets
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  Power Utilities:

SCE's Creditors Consider Options
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Davis Concedes Edison Rescue Is 'Uphill Battle'
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SCE Exec: Calif Senate Inaction Heightens Bankruptcy Risk
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Session to rescue Edison unnecessary, some say
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SoCal Edison won't file for bankruptcy, parent says
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Against The Odds, Edison Keeps Faith In Calif Lawmakers
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Rosenfeld threatens initiative if Edison is bailed out

Bankruptcy appears likely for Edison, analysts say
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Governor promises another legislative session

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Finova:

Berkshire reneges on Finova bond buy
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Buffett Pulls Out Of Finova Purchase
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Finova off 30 percent after "war" clause invoked
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Hi-Yield Analysts Warn Of A Drawn Out Slowdown In Gaming
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You scratch my back . . . The work is increasingly cross-border, but insolvency law has not kept pace

Restructuring . . .

Verio plans to lay off 600 employees
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Laying Claim - Association of Trial Lawyers of America Urges Moratorium On Lawsuits
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Newport Creamery:

Investors make a bid for Newport Creamery
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Potential buyer withdraws offer to purchase Newport Creamery
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Attorneys: Bid for Newport Creamery was based on incorrect information
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Confused investors bid up defunct Paul Harris stock
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MCMS:

Manufacturer Services to Buy Key Assets of Bankrupt MCMS
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MCMS bankruptcy filing lists assets, debts
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Suit claims IDT broke contract

Steel:

Lawmakers blame imports for steel industry's woes
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Sen. Byrd says steel industry in crisis
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Steelmakers Push for Trade Protections, Calling Sector Key to National Security
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Tri-State Armored Services - He had inside track to cash

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Sterling Chemical:

Sterling DIP to spur fight
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Sterling Chemicals Receives Final Court Approval of DIP Financing
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Global Recession
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Economy Down, Law School Enrollment Up
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ICG Communications Seeks OK To Reimburse Potential Lender
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Bidders for Assets of Foster & Gallagher to Present Offers
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Canada:

Dylex receiver cites Riklis
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Dylex gave new owner cash, court papers show
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As many as 10,000 job cuts predicted for Air Canada
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Receiver questions payments at Dylex
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Inson Files for Bankruptcy
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Judge orders troubled Arcadia to be sold at auction
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Skeena Cellulose goes to court to stop protest
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Angry protesters block Skeena Cellulose
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Norway:

Bankrupt Enitel in talks with potential buyers
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Japan:

Boardroom coup d'etat preceded Mycal's collapse
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Banks increase pressure on ailing Japanese builders

Japan Bankers Group Issues Final Report On Debt Waivers
(WSJ: separate paid subscription required)

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Korea:

GM likely to announce deal to buy Daewoo Motor, creditor says
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Russia:

Economy Ministry Working On New Version of Bankruptcy Law
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Malaysia:

Bankruptcy Act Set For Review To Protect Small-Time Guarantors
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France:

Moulinex: prospective buyers have until September 21
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.