December 22, 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

         
Xerox Warns of Softer Earnings, Declines To Comment On Bankruptcy Speculation

Firms hit by asbestos litigation take bankruptcy route

Duke & Long Bankruptcy May Affect Some Franchise Ln Securitizations Says Fitch

Bankruptcy crashes the Barbie PC

Coral Springs, Florida firm that provided communications to truckers goes into bankruptcy

Court Approves Master Graphics Disclosure Statement; Solicitation to Begin; Receives Approval to Sell Non-Core Divisions

Casinos:

Analyst jitters over gaming stocks growing

Las Vegas, NV: Experts probe bankrupt Vacation Village's troubles

Bankruptcy Judge Denies Regent's Request For $20 Million Operating Loan

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First Union Slashes Dividend - Capital Concerns Arise After Two Large Borrowers Tumble

CompuCom Purchase of MicroAge Technology Services Approved

FTC Head Favors Federal Action in Privacy, Says Argument for Preemption Now Stronger

Law firm denies claims of negligence in representing buyer in purchase of assets from bankruptcy estate

Beleaguered New Milford Gravel Mine Files for Bankruptcy

Sterling, Ill.-Based Steel Manufacturer, Northwestern Steel & Wire Co., Files Bankruptcy

  Western Utility Crisis:

Calif. moves to protect utilities' credit standing

California utilities to get rate hike

California Utilities Near Bankruptcy

California's two biggest utilities nearly out of money - PG&E "has virtually exhausted its financial resources"
(WSJ: paid subscription required)

Disaster Of The Day: California Utilities

Calif. power crisis could short-circuit state economy

Southern California Edison faces bankruptcy

Consumers Deprived of a Voice in Utility Rate Talks

Deepening Crisis Raises Specter of Power Rationing

Federal Regulators Reject `Hard' Price Caps

Wall Street backs utilities, but consumer groups don't buy Standard and Poor's analysis a rate hike is needed.

FACTBOX-Calif utilities say running out of cash

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Bankruptcy Reform:

Bankruptcy Veto Sparks Renewed Push by Financial Industry

Senators React to Presidential Veto

Changes Slated For Judiciary Committee

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Harrah's Casino owner seeks debt restructure

Bankruptcy Judge orders Bank of Honolulu owner to pay $1 million

 

 

New Bankruptcy Opinions
(1 new opinion today)

Japan:

Bankruptcy Filing, Slower Growth in Exports Dim Japan’s Recovery

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India:

Eunuchs in high demand protecting assets in India

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Restructuring:

Halliburton restructuring, dividing into two units

Air Canada issues profit warning, cuts jobs

Lucent sets restructuring, sees loss, restates results

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Dotcoms:

E-Tailing: How the Glitch Stole Christmas

Market Paying Price for Valuing New-Economy Hope Over Profits
(NYT: free registration required)

Dot-com adds insult to injury with bounced severance check

Bizbuyer bids customers, employees farewell

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Reliance agrees to restructuring pact - newspaper

Chicago, IL: Gold Coast Retailer Gets Year For Bankruptcy Fraud

Norfolk, VA: Hotel bankruptcy entangles Ocean View Golf Course

Denver, CO: Guards at federal buildings on strike

 

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