December 21, 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

         
Asbestos:

Manville's asbestos history lives on with fund's litigation

Buffett to buy Manville

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SEC Chairman Announces Resignation

Financial Accounting Standards Board Announces Additional Decisions Relating to the Treatment of Goodwill

Icahn Loses Patience With Reliance

Imperial Sugar Mulls Bankruptcy Protection To Fix Financial Woes

PNV Files Voluntary Petition for Bankruptcy Reorganization; Company to Continue to Provide Uninterrupted Service to Customers

Lernout & Hauspie:

L&H execs conspired to commit fraud, KPMG says

Future dims for Lernout & Hauspie

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Airlines:

Stormy skies for startup carriers

Legend gets more time to locate investors; bankruptcy court, creditors allow extension

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Emission credits at hub of bankruptcy

NextWave:

Regulators' Pet: Was NextWave Treated Disparately?

NextWave Calls On Congressional Allies

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American Architectural Products Corp Files For Chapter 11
(WSJ: paid subscription required)

Norfolk, VA: Radisson files Chapter 11

 

  Corporate credit quality bad now, to get worse

Western Utilities:

Edison Says It Is Teetering On The Brink Of Bankruptcy Unless It gets A Big Rate Hike

Calif. utilities risk imminent default, S&P warns- Grave risk of bankruptcy within weeks

Utah Governor Expects Power Crisis To Last Years and to Affect Entire Western U.S.

Tacoma, WA: City Council Puts 43 Percent Surcharge On Electric Rates As Municipal Utility "Flirts With Bankruptcy"

California utilities, generators fail to reach deal

Damage Control a Priority for Davis, Utilities

Consumer Groups: Calif Utils Bankruptcy Claims Not True
(WSJ: paid subscription required)

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Court Confirms ContiFinancial Plan of Reorganization

Bankruptcies on the Decline

Northwestern Steel & Wire Files Chapter 11 In Illinois
(WSJ: paid subscription required)

Former penny stock mogul Brennan faces more money laundering charges

Benz Energy to Emerge From Bankruptcy

Effects of KPC Medical clinic closings continue to reverberate

Genesis Health extends claims deadline

Mission Veijo, CA: Owner of Opulent Carwash Files to Liquidate Assets

Ventas Incorporated - Ventas Receives Waiver On Amended Bank Agreement     

 

 

New Bankruptcy Opinions
(No new opinions today)

England:

Equitable faces new inquiry as board steps down

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Dotcoms:

Will failed startups sue their VCs?

The Site That Wouldn't Die

CenterSpan Closes Acquisition of Scour Assets

The fat lady and funny money- Dot-coms in crisis

BroadcastAmerica to argue against conversion to Chapter 7

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Delaware Bankruptcy Court Reinstated As Main Chapter 11 Court
(WSJ: paid subscription required)

World Plus Ponzi Bankruptcy Winds To A Close As Trustee Makes First Distribution After Suing Hundreds Of Investors

Connecticut joins 43 other states in lawsuit against Western Union over New Valley bankruptcy

Bankruptcy Reform Proponents Prepare To Push An Even Stronger Bill Next Year

Portland, OR: Target In Capital Consultants' Union Trust Lawsuits Asserts Claims Against It Were Discharged in Its Bankruptcy

Oklahoma City, OK: City's loan fails to avert company's bankruptcy

Honolulu: Architectural firm Okita Kunimitsu & Associates Inc. files for liquidation

 

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