September 21, 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

         
Airlines:

Airlines want $17.5B, limits on liability
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Bush, Congress agree on $15 billion aid package for airlines
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Three U.S. Airlines Close To Bankruptcy
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Global Aviation industry at breaking point
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British Airways to Slash 5,000 Jobs - EU Says No Cash For Carriers
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Bush offers airlines an $8bn aid package

Delta Air Lines says plans to cut headcount
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Why airlines? Bailouts for everyone, or bailouts for none
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Economy down in the air - Airline losses, economic impact reach beyond skies; other modes also hurt
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Congress Set to OK Aid for Airlines
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Insurance crisis has airlines on ropes
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Congress Moves to Pass Emergency Relief for Airlines
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Bush rescue as 100,000 jobs go
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Congress agrees on airline bailout plan
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Airlines Could Be Headed for a Grounding
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Northwest to Follow Rivals, Announce Layoffs
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Midway Airlines says creditors OK ticket refunds
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Aviation's path: bigger planes, fewer flights
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Australia and New Zealand Are Left With Few Choices
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Delta Chief Says Airlines Would Accept Lower Bailout
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White House to Cover Lawsuits against Airlines
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WestJet objects to bailout for Air Canada
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Airline layoffs blow to Bay Area - Thousands of affiliated jobs in peril
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Qantas unveils emergency plan to lease Ansett aircraft
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US Attacks Airlines
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OneSoft Creditors Fume as Buyer Files for Bankruptcy
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Galaxy Telecom Announces Restructuring Plan Pursuant to Prepackaged Bankruptcy Filing
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Atlanta Bankruptcy Judge Approves Sale of Camera Firm
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Power Utilities:

Creditors push for SoCal Edison bankruptcy
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SoCal Edison bankruptcy imminent-creditors
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PG&E files bankruptcy plan; FERC to oversee pipeline
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More SoCal Ed creditors want its bankruptcy
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Calif. drops power choice, heart of deregulation law
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IEP Responds to PG&E's Reorganization Plan
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PG&E unveils restructuring plan

Bankruptcy for Southern California Edison more likely
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PG&E sees reorganization completed by end 2002
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Mirant Said Seeking Help to Force Edison Bankruptcy
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PG&E would split under reorganization plan - Proposal would shift assets away from regulated utility
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Calif power cos say ISO refund data is uncertain
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Court rules Calif. energy contract seizure illegal
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Foster & Gallagher Asset Sales Approved by Court
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American Tissue struggles for interim DIP
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From bubble to bankruptcy
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Economy:

Fear grips NYSE with Dow falling sharply
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Moody's gloomy on many U.S. sectors' credit state
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Aftershock plunges economies into crisis as toll of corporate victims soars
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Stimulus plan for US still uncertain
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Firms Could Miss Profit Estimates by 50%
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Fear grips NYSE with Dow falling sharply
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Aftershock plunges economies into crisis
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Dotcoms:

Webvan Accepts $2.5 Million Bid for Technology Platform; Webvan Founder Chosen as Lead Bidder
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VC valuations fail to mirror tough times
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Other People's Money
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

NextWave:

NextWave, mobile cos, reach 16 bln USD deal over US 3G licenses
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NextWave, FCC Discuss Settlement
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Insurers:

Reinsurers: Attack Claims Put at $3.2 Billion
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Insurers 'quietly' seek help from U.S. Congress
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Consumers to Pay Price For Insurance Losses
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Finova sees unspecified losses from attacks
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Some Partners Lose Equity At McCutchen - McCutchen Creating New Tiers of Non-Equity Partners
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Metromedia signs $231 mln vendor financing deal
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Lawyers Holding Off on Lawsuits
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Indianapolis Apartment Maintenance Group Goes Bankrupt
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Court Approves Genesis Worldwide First Day Motions
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ITS Sues Former Chairman for More Than $25 Million Over Alleged Wrongful Interference and Illegal Competition
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Korea:

GM signs MOU to take over S. Korea's ailing Daewoo Motor
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Japan:

Government may offer loans to bankrupt Mycal
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Do they forget how to make money?
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Japan FSA to inspect banks' grey-zone loans-paper
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Canada:

Skeena Cellulose hit by second blockade
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Norway:

Kvaerner has little time to secure future; sale of assets not ruled out
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Italy:

Judge shelves bankruptcy case against Fiorentina
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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.