September 27, 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

         
Attacks Likely to Spur Chapter 11 Bankruptcies - More bankruptcies are probable in a year already full of troubles
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Delaware awash with bankruptcies
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Dotcoms:

Massive debt sinks Exodus Communications
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Exodus files for bankruptcy
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Exodus Files for Bankruptcy
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Exodus in Trouble
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Exodus Communications Lists Largest Unsecured Creditors
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Web-hosting firm Exodus seeks Chapter 11 lifeline
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Exodus vows to continue after Chapter 11 filing

Exodus Communications Facilitates Financial Restructuring
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MH2 Acquires Majority Of BuildNet Assets In Bankruptcy Sale
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Online travel sites suddenly struggling
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Dairy Mart Obtains Court Approval for Interim DIP Financing of $10.75 Million
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Baltimore candy maker will be sold at auction in State court insolvency proceeding
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Airlines:

Bankrupt Midway Seeks Share of Bailout
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Delta cuts 13,000 jobs after attacks
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Thousands more jobs shed in global aviation
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Continental Air Chairman, Pres To Forego Salary, Bonuses
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S&P says U.S. in recession, but should be mild one
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Anna Nicole:

Court Victory for Former Playboy Model - Anna Nicole Smith's Inheritance Maintained
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Bankruptcy Judge Voids Ruling Denying Anna Nicole Smith $474 Million Inheritance
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Philadelphia Firm Drops Summer Program, Will Restock by Hiring Laterals
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Tough times loom for software sellers
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State, Youthville differ on debt
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  Rich man, poor man - If you think the money’s in New York, then look at what companies that file for bankruptcy in Delaware are paying hourly for legal work
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Regent Casino:

Co. Buying Bankrupt Las Vegas Resort
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Canadian firm to buy Regent - Creditors disappointed at $80 million price
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Power Utilities:

Creditors Ready Plan for SCE Solvency
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Calif. power market may face more problems
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SCE reaches pact with Long Beach
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Calif. lawmakers to tackle Edison rescue
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Developments in California's energy crisis
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PG&E CEO Glynn Sees Reorganization Approval Before 2003
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High Anxiety - It may be a good time to buy, but investment funds are losing favor with many associates and partners
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WGI, Raytheon battle on
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Randy Jackson May Get Probation On Bankruptcy Fraud Charge
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CMI Announces Developments Regarding Its Restructuring Plan
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S&P Lowers Heilig-Meyers Master Trust 1998-2 Class B Rating to 'D'
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Safety-Kleen Issues Third Quarter Fiscal Year 2001 Financial Statements
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Telecoms:

AT&T stuck on how to use NorthPoint assets
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LCC International Announces Sale of NextWave Stock and Receivables
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Purchase of PSINet's Canadian Operations Gains Necessary Court Approvals
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AT&T mulls bid for certain assets of Excite@Home
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Winstar Wireless Sues Savvis For $38M Due Under Contracts
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Judge Approves Bridge Info's Asset Sale To Dow Jones
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Phar-Mor Gets Interim Approval To Use DIP Funds
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Court Approves Sale of F&G’s Fulfillment Business
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

American Eco liquidation blocked
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Renaissance Cruises:

Shipping company sinks
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Renaissance Cruises folds, leaving vacationers high and dry
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Trip's gone, but money may not be
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South Florida Cruise Line Folds
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Cruise Line Shuts Down, Mid-Vacation
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Phone call scuttled Renaissance Cruises recovery bid
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Alstom says covered against Renaissance bankruptcy
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England:

Lloyd's To Post Heavy Losses From Attacks
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Canada:

Yogen Früz chief buys piece of Fairweather - Last Dylex asset: Joins International Clothiers in $20M deal, sources say
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TSO says it faces bankruptcy

Tech firm proposing repayment
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Skeena Cellulose losses major tax benefit to potential buyers
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Norway:

Kvaerner Announces Financing Plan
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Kvaerner's banks offer life-line
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Korea:

Daewoo Workers Protest GM Takeover
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Japan:

Japanese Business Confidence Falls
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Mycal Collapse Leaves Little for Bondholders, Suppliers, Banks
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Japan Banks For Years Understated Bad-debt Problem
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