December 29, 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

         
Montgomery Ward

Montgomery Ward Files Ch. 11

GE Capital sees "no material effect" from Ward bankruptcy

Retailer Montgomery Ward set to shut its doors

News leaves customers with plenty of questions

Montgomery Ward To Shut Down Stores

Wards' Closure to Cost 28,000 Workers Their Jobs

Montgomery Wards Bankruptcy Is an Embarrassing Failure For GE

San Leandro Mayor Bemoans Montgomery Ward Closure

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Asking About Asbestos - Viacom

Lernout & Hauspie tries again

Warren Buffett turning to junk bonds

SystemOne Technologies Announces Deal With Safety-Kleen Is Fully Effective

Power Utilities:

Don't Blame the Power Crisis on Deregulation

California power woes crimp stranded cost bonds

Calif. Energy Producers Weather Criticism

Ralph Nader Says Bankruptcy Better Than Rate Hikes

Davis unable to sell sides on power compromise

California Officials See Temporary Decision Next Week on Power Rate Increase

Calif. Fails To Solve Energy Dispute

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Coram to Convert Debt to Equity

Notice to T&W Financial Corporation Shareholders of Objection Deadline & Hearing On Proposed Plan of Liquidation

Airlines:

Investors offer loan for Legend

____________

Arlington, Texas Radisson Hotel Goes Into Bankruptcy, Taken Over By Bank

Albany, N.Y., Finance Firm, National Finance, to Take At Least A Month In Filing Bankruptcy Papers

DaimlerChrysler Shares Hit Four-Year Low

Attorney General Sues Fleet Mortgage Over Data Sharing

  LTV:

Steel Maker LTV Considering Bankruptcy

Steelmaker LTV Mulls Ch. 11 Filing

Steel-Maker LTV May File for Bankruptcy, Pressures Chase to Get Financing

5,000 Cleveland Area Workers Could Lose Jobs

Steelmaker LTV says money problems may force it into bankruptcy court protection

US panel OKs steel import probes for 11 countries

U.S. Steel Industry Gets Little Relief, Respect

____________

Analysis Of Proposed Bankruptcy Rule Changes

RCL shares gain on news of Commodore bankruptcy

Economy:

Holiday sales could be worst in decade

Consumer study signals problems for U.S. business

Consumer confidence in December drops to lowest level in two years

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Bradlees:

Bradlees Can Use Cash Collateral Ahead Of Sale Approval

Bradlees' shoppers told sales are final

Bradlees restructuring could boost value

Officials Seek Court Order To Force Bradlees To  Honor Certificates

Thousands of Bradlees Workers to Lose Jobs in Shutdown
(NYT: free registration required)

Bradlees' woes leave some customers holding bag

Bradlees Is Latest To Cause Banks Credit Problems
(WSJ: paid subscription required)

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Dotcoms:

Bidding Adieu To The Year's Dot-com Failures

Priceline.com says founder Walker to step down from board

Folding Of Quepasa.com Raises Questions On Health Of Similar Dotcoms

Texas Venture-Capital Firm
Still Has Faith in Dot-Coms
(WSJ: paid subscription required)

____________

Investors in Baptist Foundation bankruptcy to get funds soon

 

 

New Bankruptcy Opinions
(No new opinions today)

Canada:

Cambior creditors extend deadline for financial plan

Nickels parent $4.3M in debt

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Japan:

H.K. Sogo sells prime site for HK$4 bil

__________

Korea:

Bankrupt Korean carmaker to slash workforce by one third

____________

Tower Technologies Filed for Chapter 11 Bankruptcy Protection Last Week

Crown Vantage:

Crown Vantage sells paper line

Crown Vantage Enters into Definitive Agreement to Sell Substantially All Of Its Specialty Business

____________

Restructuring. . .

PetroChina says to cut 35,000 jobs

Vector Energy Completes Debt Restructuring

____________

Accord Semiconducter:

Accord Advanced Technologies Subsidiary Files Voluntary Petition for Reorganization

Accord Advanced Tech Unit Files For Chapter 11 In Phoenix

__________

Telecoms/DSL:

Digital Broadband Bankruptcy Is Tip Of DSL Iceberg

Officials Make Deal with Verizon to Replace Digital Broadband In State Buildings

DSL, market purge claims Jato

____________

Commodore:

Commodore Files Chapter 11

First cruise ship to use Phila. as home port ceases operations

Casino Ship Company Runs Aground

Booked Passengers of Bankrupt Florida Cruise Line May Get Some Money Back, But Plans Of A Lifetime Are Ruined

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