September 28, 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

         
In the pipeline: Bankruptcies.com
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$12.5 Million Fraudulent Conveyance Claim to Be Battled by Experts
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Ex-owner leads bid for Newport Creamery
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Carbide/Graphite Petition Lists $229M Assets, $179M Debts
(WSJ: separate paid subscription required)

Lender takes the reins of tech magazine Upside
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Telecoms:

Sector falls on dim economic outlook
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Excite@Home set for Chapter 11 within weeks

AT&T may bid for Excite assets if filing for bankruptcy is made
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McLeodUSA Denies Bankruptcy Rumors
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Economy:

US jobless claims surge to 450,000
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What Terrorism Means for the Economy
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Calculation of Losses, Liability to Be Major Insurance Issues in Wake of Terrorism
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Insurers Seek U.S. Aid For Terrorism Coverage
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Alstom plunges on worries of further client bankruptcies
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Bankrupt Detroit-Based Auto Supplier Says Health-Care, Union Fees Not Paid
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Clive Weil joins Renaissance Partners
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Des Moines: Crestland searches for money - The bankrupt co-op says it will need up to $10 million to make it through fall harvest
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Bankrupt Lechters Is Seeking Buyer or Liquidation
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Komag's Plan Puts Company's Reorganized Value At $310M
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Wichita: Youthville pleads for $6 million in debt aid
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Exodus:

Massive debt sinks Exodus Communications
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Exodus battles to keep customers
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Exodus files for bankruptcy with $3 billion in debt
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Exodus CEO attempts to calm fears
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Cruise business headed for accelerating, industrywide shakeout
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Cruise Line Scraps Post-Bankruptcy Plan, Says Reorganization Possible
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Power Utilities:

Pacific Gas and Electric Offers No Alternative to Reorganization Proposal
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O.C. Treasurer John Moorlach wants a role in sorting out a possible Southern California Edison bankruptcy
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Davis calls on lawmakers to avoid Edison bankruptcy
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Orange County, Calif., Treasurer Encourages Voluntary Bankruptcy for Utility
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Special Session Was Oct 2,Reason For Date Change Unknown
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Governor orders special legislative session on rescue deal for cash-strapped utility
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Power crisis averted but governor turns off the voters
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Calif gov delays SCE legislative session to Oct 9
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Official Warns of $10-Billion State Deficit
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Californians Oppose Taxpayer Aid to Electric Utility, Poll Finds
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Anna Nicole:

Smith doesn't have to pay stepson's legal costs - Heir's lawyers dispute Smith's "silly and Orwellian" interpretation of bankruptcy court's ruling
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Airlines:

US Airways cuts not justified, critics say
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To Avoid Layoffs In In-House Legal Department, Delta to Ask Outside Counsel to Cut Fees
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Air Cuts Carry Terror's Ripple To Worried West Texas Town
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The long flight from bankruptcy
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Feds pay airlines $2.5B - First payments arrive, lifting bankruptcy threat for America West, others
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Frequent Fliers Turn to Insurance to Protect Miles against Airline Default
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Swissair falls to new all-time low on bankruptcy fears
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Panel Key in Airlines' Survival
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BA bosses take pay cuts
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Airlines en route to a US$11B loss in international traffic
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Krause's Bankruptcy Puts Customers' Orders on Hold
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Baton Rouge: Bankruptcy judge orders sale of hospital
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Rep. Stearns Completes Draft Privacy Bill and Another Chapter 12 extension bill
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Beleaguered APP hires law firm
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Maxicare, Tower to Cease by Year's End
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American Tissue gets more time
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Europe's M&A slump hits fees
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Norway:

Kvaerner Poised To Split Into Two Companies
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________________

Japan:

Japan's Economic Slump Deepened Before U.S. Attacks
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Failed Mycal chief quits, Urano becomes new president
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England:

The port of last resort faces its first test
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Consumer Confidence In Europe Falls To Year Low In U.K.

On the brink of war: Aviation: Airlines fear collapse without state rescue deal: UK carriers demand level playing field
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Lloyd's faces its biggest claim: Market says it can absorb largest single loss of pounds 1.3bn
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Pangea bankrupt after $434m spend
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Canada:

Symphony orchestras in Canada sounding warning notes of bankruptcy
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Belguim:

City Bird Creditors Vote On Recovery Plan
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France:

CanalWeb goes bankrupt after failing to find buyer
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French officials extend offer deadline to save Moulinex
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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.