September 25, 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

         
Bankruptcy Reform:

A reprieve for debtors - Attacks delay new law on bankruptcy

Legislative priorities change
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Airlines:

Carriers See Tiny Uptick in Travelers
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Giant Bailouts Are Becoming a Misguided U.S. Cure-All
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Analysts See Worst Ahead for Airlines
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U.S. to Distribute 50 Percent of Relief Funds for Nation's Airlines
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U.S. could take stake in airlines
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Airline Stocks Rally Worldwide
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Continental Says It's No Longer in Danger of Bankruptcy
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Bailout Package Could Turn Taxpayers Into Airline Investors
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Swissair Cuts 3,000 Catering Jobs, Announces Total Restructuring
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General Motors, AT&T Reduce Travel, and U.S. Airlines Suffer
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Labor Seeks Aid for Workers Laid Off in Wake of Attacks
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Outlook bleak for business travel

Government must monitor bailout, says ex-airline boss
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EU is to allow members to avail of state aid for airlines
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From Road Warriors to Road Worriers - Travel Industries In Trouble

Frontier to cut 440 jobs

Congressional Lawmakers Add Boeing to Airline Industry Bailout Bill
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Air Canada CEO demands parity with U.S. airlines for government aid
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National Airlines chairman tries to rally the airline industry
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Phar-Mor:

Phar-Mor goes bankrupt again
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Phar-Mor Files for Bankruptcy
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Phar-Mor Eyes Bankruptcy Court
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Phar-Mor Secures $135M In DIP Financing
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Phar-Mor files for bankruptcy, closes 65 stores
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Rhythms Links gets okay to shut down, WorldCom bids
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Bankruptcy Official Chides Pennsylvania Flooring Company for Assailing Panel
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Exodus Communications Readies
A Filing Under Bankruptcy Code
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Declining shipping volumes may lead to bankruptcies

Aladdin:

Aladdin Default May Mean Ch. 11
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Aladdin moves closer to filing for bankruptcy
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Chief Executive Officer Leaves Post at Las Vegas Resort
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Aladdin Gaming Says It's Likely To File Chapter 11
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London Clubs says Aladdin will probably file for Chapter 11 bankruptcy
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  Power Utilities:

2 Scary B-Words: Bailout, Bankruptcy
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Calif. ISO, FERC, companies discuss refund issue
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Duke Energy evaluating California appellate decision
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Sacramento's Foolhardy Energy Takeover
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Survey Says California Consumers Suspect Rise in Electricity Bills
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PG&E's Solvency Plan Has Sparks Flying

Power crisis fades in survey of public concerns
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California-Based Utility's Restructuring Bid Draws State Ire
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State files first claim in PG&E bankruptcy
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Calif Waives Right To Sovereign Immunity With PG&E Claim
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Weak Economy Compounds Financial Blow to New York
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Holding Steady - Should this year's incoming first-year associates be paid more than their counterparts last year?
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Creditor GE Objects To Covad Disclosure Statement
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Dairy Mart:

Dairy Mart's operations sour
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Dairy Mart files for Chapter 11 bankruptcy protection
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Dairy Mart Voluntarily Seeks Chapter 11
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Dairy Mart Ch. 11 petition lists $221 million in total debts
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Polaroid retirees seek answers
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Sunbeam Seeks 2nd Extension Of Exclusive Voting Period
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IKS:

IKS reorganizing in bankruptcy court

Intl Knife & Saw Files Prepackaged Chap 11
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IKS Reaches Agreement with Lender, Noteholders To Restructure Debt
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Economy:

Was U.S. economic boom a house of cards?
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What Terrorism Means for the Economy

Who'll survive the fallout?
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Junk Bond Defaults to Increase Further
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Movie Industry:

Family Yields Control of Theater Chain in Santa Ana, Calif
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Court Confirms Edwards Theatres Reorganization Plan
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Billionaire Builds Empire Buying Up Troubled Movie Theaters
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Largest Shareholder of bankrupt ITS Obtains Restraining Order Against Trustees
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Bankrupt NextWave Likely To Sell Licenses
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Ousted SunCruz exec fights for his money
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Saved Companies and Turnaround Professionals Honored With Turnaround of The Year Awards
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Metromedia Fiber Gets $50M Convert Debt Invest Extension
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Monet works out liquidation plan
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Owens Corning Gets Bankruptcy Court OK To Share Asbestos Claim Information
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DaimlerChrysler Unit Freightliner Struggling As One Third of Dealers Facing Possible Bankruptcy
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Steel:

Bethlehem Steel Names New Chairman
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Hundreds Rally in Bethlehem, Pa. to Save American Steel Industry
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Intracel Seeks to Erase Debt in Chapter 11
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Dotcoms:

IDG grabs Industry Standard assets
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Upside shutters Web site
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AOL, IDG Sop Up Industry Standard Assets
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England:

Banks face bad debt provision increase
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FSA to ease solvency rule
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Funds at Equitable worth 25% less than thought
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Life firms put on critical list by FSA
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Irwin unveils pilot to offer troubled small businesses a second chance
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Russia:

Banking Bill Promises Little Change
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Ireland:

Legal curbs on errant directors included in new Company Bill
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Dublin haulage firm is set to go into liquidation
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Canada:

Contractors seeking money end blockade at Skeena sawmill in Terrace
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Source says Fairweather sold for about $20M to International Clothiers
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Norway:

Kvaerner in emergency talks to stave off bankruptcy
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Efforts to save industrial giant Kvaerner continue on Tuesday
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Kvaerner fails to get support in survival fight

Kvaerner gears up for crisis talks
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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.