December 15, 2000

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims 

Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/DailyNewsFrames.htm

         
Bankruptcy Reform:

Bankrupt Bipartisanship

Bankruptcy Reform Listed As Legislation With Bipartisan Support In New Administration

Business Eyes Sympathetic Ear

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AHERF:

Allegheny Health, Pa. creditors to receive $52 mln

Pennsylvania Foundation's Bankruptcy Plan Leaves Many Hurting

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Imperial Sugar, Nation's Largest Producer, May File Bankruptcy

Asbestos Woe Leads Burns & Roe Sub To File For Bankruptcy Relief

Vlasic International Contemplates Bankruptcy As Troubles Mount

Dotcoms:

The new Scour- Users will pay

No End in Sight for Dot-Com Layoffs

Razorfish Has Some Explaining to Do

Net consultancy Agency.com to cut 190 jobs

Mortgage.com Names Lewis Freeman Assignee For The Benefit Of Creditors

Online Mortgage Company's Asset Sale To Liquidate Firm

Revenue plague strikes another Net consultant

Organic Sinks on Restructuring, New CEO

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End may be near for Bradlees

 

  Economy:

Economic Slowing in Corporate America

Dollar falls against all currencies

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California Energy Crisis:

Could energy crunch bankrupt giant Calif. utilities?

A money shortage compounds California's energy shortage

Consumers may pay billions if utilities go bankrupt

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HCA To Pay $840M for Fraud Claim

Telecoms:

Bank of England Warns of Phone Debt

TSR Wireless to Continue Operating During Chapter 7 Proceeding

FCC wireless auction revenue tops $1 billion

Digital Broadband lays off 85 percent of work force

Quentra Networks Files Petition for Chapter 11 Bankruptcy Protection

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Iridium:

VSNL to support revived project of Iridium

A Satellite Company's Second Chance

Iridium Satellite Cuts Costs

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Paul Harris may close 50 stores

Court Approves DIP Financing for Wheeling-Pittsburgh Steel Corporation

 

 

New Bankruptcy Opinions
(No new opinions today)

Canada:

January 9th creditors meeting set for Patriot Computer Corporation

High-tech fliers among debt-worry list

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Japan:

Bankruptcies rise 22.7%, but liabilities up 200%

A rendezvous with bankruptcy

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Restructuring . . .

Late Developments Derail Employee Solutions Restructuring

Fremont General to cut work force by further 29 pct

GTS Subsidiary Global TeleSystems -Europe- Ltd. Elects Not To Pay Interest on Senior Notes due 2008

Sanyo to restructure overseas units

PPG says to restructure, take $50-$100 mln charge

Merisel Announces New Focus for U.S. Operations

CrossKeys secures much-needed C$8 million financing

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Investors want judge to reject Baptist Foundation's deal with insider

Orlando, FL- Court lets bankrupt builder start work again on 19 houses

Shareholders stand to lose millions - Group that held out for higher Delchamps stock price loses out with collapse of Jitney-Jungle

 

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