September 24, 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

         
The 2001 GC Salary Survey: Before the Fall
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Power Utilities:

PG&E reorg plan may face objections
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Political Odd Couple in Tiff Over Edison
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Opposition Dwindles, but Some Still Question the Bailout
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PG&E Reorganization Plan Rests On 'Robbery'
(WSJ: separate paid subscription required)

SCE Creditors Eager to Discuss Fiscal Plan
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Experts Say PG&E Bankruptcy Plan Needs FERC, SEC Approval
(WSJ: separate paid subscription required)

California Utility Proposes a Breakup
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PG&E Plan To Leave DWR Long-Term Pwr Contract With State
(WSJ: separate paid subscription required)

Calif Governor Illegally Seized Pwr Contracts, Crt Rules
(WSJ: separate paid subscription required)

Edison Exec: SCE Still Focused On Legislative Solution
(WSJ: separate paid subscription required)

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Steel:

Employees reject offer for bankrupt Erie Forge & Steel

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Chief Executive of Aladdin Leaves, Bankruptcy, Closure Possible
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Veteran Value-Fund Managers See Bargains Everywhere
(WSJ: separate paid subscription required)

Wolf Camera:

Ritz wins derby for bankrupt Wolf Camera
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Jessops fails in bid for Wolf Camera
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Newport ex-chair's wife accused of fraud
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Raleigh: Creditors line up at cash-low firms

BridgeNews closes down
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Dotcoms:

'New Economy' Is a Thing of the Past
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Industry Standard Assets Up for Auction
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Standard Media To Seek Court OK For Asset Sale Monday
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Bidding for Webvan Assets Nears Peak
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Webvan will sell its intellectual assets to founder's company
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Bankruptcy is leaving leases in limbo

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Cincinnati: Bidders emerge for Denhart's OTR properties

  Airlines:

Airlines could fail even with bailout
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Airlines Face Long-Term Retrenchment
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Not All Airlines May Get Federal Aid, Analyst Says - Carriers Near Bankruptcy May Be Excluded
(WSJ: separate paid subscription required)

European airlines wary of US aid: Carriers fear Atlantic flights could be hit by unfair competition
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Attacks may have dealt grounded Pro Air final blow
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US Airways: Ch. 11 isn't worst case

Airlines, Aerospace Industry Sector Bracing Itself For Lasting Declines In Demand

Governments Pledge to Protect Airlines Hurt by Insurance-Premium Increase
(WSJ: separate paid subscription required)

Despite Protection, Airlines Face Lawsuits for Millions in Damages
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Bush OKs $15B Airline Aid Package
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The Price Of Risk: Airlines Should Settle Their Claims In Courts, Not The Capitol
(WSJ: separate paid subscription required)

Filling the begging bowls won't alter the outcome in an over-supplied industry, perched atop a debt mountain, with demand cooling
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Swissair Plans to Cut Jobs, Reduce Fleet, Raise Money
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Shooting Gallery: Everything Ventured, Everything Lost
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NextWave:

NextWave and FCC near settlement
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Deal Is in the Works for NextWave's Wireless Licenses
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U.S. Interactive Emerges From Chapter 11
(WSJ: separate paid subscription required)

Fiber optic component suppliers face bankruptcy, consolidation
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Goss Graphic:

Goss Goes Back To Bankruptcy Court 

Goss Graphic Again Files For Chapter 11
(WSJ: separate paid subscription required)

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M.Stanley CFO: Short-Term Outlook Is 'Negative'
(WSJ: separate paid subscription required)

Storefront money lenders offer loans to people with credit troubles. But the fees and high interest rates can quickly create a new set of problems
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CIOs live and learn from Chapter 11
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Bio-Plexus Emerges From Bankruptcy Protection With New Financing Plan
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

An Asbestos Avalanche
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Comdisco: Bankruptcy Deadlines Extended
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Economy:

The Dow Slides 14.3%; Worst Week Since 1940
(WSJ: separate paid subscription required)

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Competitive Tech Investee Micro-ASI Files Chap 7
(WSJ: separate paid subscription required)

Shareholders left in cold by Home Health Care

Sanmina Gets Bankruptcy Court Approval to Buy Certain Assets of E-M-Solutions
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RailWorks:

Railworks files for bankruptcy protection, seeks to reorganize
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RailWorks Files For Chapter 11
(WSJ: separate paid subscription required)

__________________

Japan:

Japanese Govt Starts Crackdown On Bad-Debt Problem
(WSJ: separate paid subscription required)

________________

Norway:

Kvaerner May Declare Bankruptcy, Report Says
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Kvaerner on the brink as bankruptcy threat grows

Oil gear maker Kvaerner's bankruptcy expected
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Canada:

Sea of red ink surges upward in 2001
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Korea:

Without a great revival, Daewoo will not remain a bargain: GM seems to have struck a clever deal
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England:

New battle of Britain to keep air giants flying: Aerospace: Profitless years lie ahead for aircraft makers and suppliers as uncertainty dominates the industry
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__________________

China:

China cracks down on debt payment evasion
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