January 2, 2002 

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

         
Transit Group Initiates Voluntary Financial Restructuring
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Economy:

Economic data bode well for 2002
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Recession and rebuilding in 2001
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Recession especially shocking to those in 20s
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Experts predict U.S. recession will end soon
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Hopes Rest on U.S. to Lead World Recovery
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Consumer confidence rebounds strongly
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Report: Most layoffs in years in U.S.
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Laid off, laid low by downturn
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Airlines:

For Airlines, Normalcy Is Still Miles Away
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America West gets federal assistance
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More Strings on U.S. Deal for Airline
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America West Airlines Stock Jumps
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Amerijet International emerges from bankruptcy protection
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Attack Aid Has Some Grumbling
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Air Lib finds means of warding off the spectre of bankruptcy
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Creditors Approve Bankrupt Las Vegas-Based Airline's Reorganization Plan
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America West at Critical Point
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Holiday Travelers Give Airlines Welcome Gift
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US Airways shares climb on America West decision
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US Airways Has No Plan for Fed Loan Deal
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CodeStream Ceases All Operations
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Bankruptcy Attorney Investigated For Stealing Clients' Credit Cards, Cars
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Hawaii: Aloha Farms files for bankruptcy
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Greate Bay Casino files bankruptcy; to sell assets
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Power Utilities:

Energy Crisis Still Generating Problems
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Nevada Power's Bankruptcy Worries Shouldn't Affect Rate Case, Advocate Says
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PG&E Bankruptcy May Affect Class-Action Suit
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The Hard Truth: There's No Easy Way Out of Financial Problems
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Carrying Burger King’s flame

Casual Male asks to close 48 stores
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DTI Holdings, Inc. Will Initiate Financial Restructuring
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Bankruptcy court greenlights e.spire's sale of Cybergate
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Dotcoms:

Dot-Com Layoffs and Shutdowns
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Internet job losses ease in December
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Dot-Com Busts Doubled in 2001
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Chapter 11 Casualties Seldom Worth Your Money
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Chicago developer, Vornado cross swords
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Bankruptcies soar 21% in Colorado

Allcity Insurance Company Announces Liquidation of Operations
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Stock Gurus Disregard Most Big Write-Offs, But They Often Hold Vital Clues to Outlook
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Enron:

Full-Text Search Selected Enron Pleadings
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Enron Heads Knew of Partnerships
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J.P Morgan Chase - Objects to insurers seeing Enron details
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Arthur Andersen: How Bad Will It Get?
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Bush Ends Silence on Bankruptcy of Enron
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Enron's Dabhol Power draws suitors: Parent seeks US$1B
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Trading places: Enron's ego burst could have been avoided
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Former Enron execs may play blame game
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Enron employees stuck with deferred compensation
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India's ONGC To Raise Bid For Enron Oil and Gas Fields
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Enron Wind plans layoffs
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Bush says 'deeply concerned' about Enron collapse
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Why a Few Enrons Would Do Europe Good
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Early Warnings of Trouble at Enron - Accounting Firm Found $51 Million in Problems, but Still Signed Off on Books
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Enron hopes bankruptcy ends in viable commodities firm
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Enron debacle is just a blip among historic upheavals
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Enron's Indian unit attracts bids
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The Enron failure - counting the cost
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CSFB quits its role on Enron
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2001 Review: Slipping in the Oil Patch
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Bush calls for probe into Enron collapse
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Senior Enron officials join line of creditors
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Enron seeks approval in bankruptcy court for rush sale of two assets
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Enron exes pour energy into new venture
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Enron stock joins collector's item list
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Enron sells off two assets for $310 million
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Enron Aims to Escape Bankruptcy
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Shareholder Activism Colored by Enron
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Executive retention bonuses in bankruptcy common but not always popular
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Mann takes over 2 theaters as part of Edwards' bankruptcy
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Company debt loads increasingly become a guessing matter
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Steel:

Bankrupt Bethlehem Steel Asks for $9 Million in Bonuses
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Offer Help, But Not A Bailout
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Illinois Copper Smelter's Slag Piles Could Be Sold to Pay Off Creditors
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Restructuring. . .

Oracle announces job cuts
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The Houston economy is expected to go through some rough spots in 2002
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Texas economy slowing, slump to end in 2003
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Telecoms:

Global Crossing wins time from bank lenders
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2001 a loser for telecoms
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Court Fault Lines
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Oxnard, Calif., Financial Adviser Denies Charges of Fraud
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Dotcoms:

Ex-Netties Try Bankruptcy WARN Claim
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Don't allow bankruptcies to ruin your travel plans
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Consumers Should Recognize Debt Counseling Is Business
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Retailers May Close Stores, Doors in 2002
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Ex-Playmate's memory falters a bit in federal court
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The sound of debtors rushing to credit counselling
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Fresno: UpRight parent files Chapt. 11
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Nevada: Minden company files bankruptcy
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Bankruptcy lawyer helping rebuild republic
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Four File Suit against Former Kentucky Governor over Repayment
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Albuquerque, N.M.-Based Firms' Bankruptcies Cost Investors Over $2 Billion
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Some Early Warning Signs For Exiting Distressed Firms
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Creditors Seek Ruling over Seattle-Based Car-Warranty Firm
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Argentina:

Argentina's Interim Leader Resigns
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Default economics
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Aregntina Gets 4th President in Two Weeks
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Argentina Ending 2001 Leaderless and Penniless
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Fresh Money Protests in Argentina
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Angry Argentines loot Congress
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Canadian banks ride out crisis - Exposure in Argentina
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Britain's Big Four Banks on Firing Line over Argentine Loans
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England:

Learning lessons the hard way paves path to recovery: Some insolvency practitioners predict that the new year may witness some spectacular collapses:
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Railtrack chief still drawing pounds 300,000 pay
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Time for a more mature approach to executive pay: New government-inspired rules on boardroom packages should force companies and investors to adopt a more rigorous approach to the issue in 2002
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Japan:

Cleaning Up Japan's Banks, Finally - Tough audits may turn the tide in the bad-loans mess
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Japan tries to dispel fears over banking system
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Tokyo Weighs Pouring More Public Money Into Banks
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Heads of 1 mil. families jobless
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In Unusual Move, Shinsei Starts Bankruptcy Proceedings For Struggling Borrower First Credit
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Germany:

Deutsche Bank's Breuer sees bankruptcies in German banking sector next yr
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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.