December 26, 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/News/DailyNews.htm

         
With economy downshifting, bankruptcy lawyers needed

Outboard Marine:

Outboard Marine Files Chapter 11

Boat maker files for Chapter 11, lays off 598 at Calhoun plant

Boating Giant In Chapter 11 Bankruptcy

OMC workers left out in the cold

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Cavion Tech Files for Chapter 11 Bankruptcy

Asche Transportation Services, Inc. Files for Bankruptcy

Globe Manufacturing:  Involuntary Chapter 11 Filing

Bradlees:

Bradlees signs deal to liquidate - Boston Herald reports

Report- Bradlees To Liquidate

Retailer Bradlees reportedly to liquidate; 10,000 jobs at risk

Bradlees reported ready to liquidate

Bradlees Expected To Go Out Of Business

Bradlees declines comment on reports it may liquidate

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Icahn, Steinberg Battle Over Reliance

American Aircarriers Support Incorporated to Be Delisted

Patriot Computers:

Barbie's Not Happy: Mattel files $21 million Patriot claim

When 'Barbie' goes bankrupt

Hot Wheels, Barbie PCs Missing Under Trees This Holiday

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Growers support Tri-Valley sale

Job Woes Hit Wall St Amid Record Profits

Airlines:

Legend still hopeful it can resume flying

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Long Island, NY: Shellfish operation Aquaculture Technologies goes to bankruptcy court

Sugarplum Fairies and ... Pink Slips

MicroAge sale means layoffs

Telecoms:

Telecom-Tower Firms Teetering

Telecommunications Firms Brace for Turbulent Year

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Paul Harris to close Downtown location

Lone wolf takes a stab at distressed movie theaters

  Coram:

Coram's Reorganization Plan Not Approved

Coram must redo bankruptcy plan

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Shareholders fight AgriBioTech liquidation plan

Anicom To Fold As Lenders Pull Plug

Virtual Technology files bankruptcy

Xerox:

With $3.2b Value, Xerox Looks Like Takeover Target

Xerox warns of a decline in fourth-quarter profits - No comment on bankruptcy speculation

CEO's reassurances don't save Xerox stock from fall

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Bankruptcy Reform:

Despite gridlock, some progress likely on bankruptcy reform

Tougher bankruptcy law should resurface in 2001

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Power Utilities:

Electricity rates must rise, state regulators declare

Edison Int'l Axes Dividend, Cuts Jobs

Calif. utilities to increase rates Customers protest, but companies say bankruptcy looms

Consumers Bitter as They Await Electricity Price Hikes

Edison, PG&E Stocks Skid on Solvency Concerns

Bankruptcy risk remains for utilities

On the heels of November rate bump, financially strapped Philadelphia Gas Works seeks new 24 percent rate increase

Everyone's in the tussle over the price of power

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Dotcoms:

It Was Good While It Lasted

Aerospace Industry Eyes Dot-Com Demise with Glee

Cyber Santa- HO, HO, NO!

With the Downturn, Many See New Frailties in the New Economy

Legacy.com may write own obit

Bankruptcies, job cuts hurt dotcom revolution

Stock options boomerang on start-ups

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Gaming Industry:

Gaming analyst sounds earnings warning

Leaving Las Vegas

Vacation Village says lenders let company down

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New Bankruptcy Opinions
(1 new opinion today)

England:

Hamilton expects to be bankrupt

The High Court of the United Kingdom Approves AXA's Proposals For The Financial Reorganization of the Inherited Estate of AXA Equity and Law

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Mexico:

Celebrando Denies Bankruptcy

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Japan:

Chiyoda Life's negative net worth Y511 bln

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Laidlaw trades halted - New York exchange moves to delist Ontario-based firm

Finova bailout may not save firm

Restructuring:

Cinram to take restructuring charge in fourth quarter 2000

OXBOW Equities Announces Corporate Restructuring Actions and Additional Financing

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Lernout & Hauspie:

Belgian court investigates fraud at L&H

Lernout & Hauspie's $35M DIP Loan Faces Opposition

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Judge OKs creditor's motion to rescind Spintek's bankruptcy protection

BroadcastAmerica's assets at stake

State tax commission files claim in Aryan Nations leader's bankruptcy case

Prime Retail Closes on Loans Totaling $120 Million, Completes the Sale of Four Outlet Centers and Extends the Terms of Two Other Loans

Looming Default Forces Steel Firm Northwestern Wire & Steel To File Chapter 11

Orlando, FL: Princeton Hospital staff will finally get 1999 checks through bankruptcy distribution

National Boston Medical Resumes Normal Operations Under Plan Of Re-Organization

Norfolk, VA: Bankruptcy deal clears pay day for Radisson employees

Kaiser Out of Chapter 11

Rite Aid CEO battles time in comeback

New ICG chief good at turnaround

 

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