April 17 2001 Daily Bankruptcy News

April 17, 2001 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

Payment of bankruptcy fees questioned - Can a turnaround adviser be on the payroll and still be 'disinterested'? (DBN Subscription Required) Telecoms: Winstar Considers Bankruptcy Filing (DBN Subscription Required) Winstar may file for bankruptcy (DBN Subscription Required) Covad to buy bankrupt Zyan's DSL customers (DBN Subscription Required) Cisco to Cut 8,500 Jobs, Take Huge Charges (DBN Subscription Required) D-day For Winstar (DBN Subscription Required) NorthPoint Breakup Leaves Ex-Clients Stranded (DBN Subscription Required) Morgan Stanley's Muddy Lucent Deal - Has The Pain Been Shared? (DBN Subscription Required) Winstar suspends payments, disputes Lucent default declaration (DBN Subscription Required) _____________ Adobe supplier declares bankruptcy (DBN Subscription Required) Dotcoms: Verisign, First Data win CyberCash auction (DBN Subscription Required) MarchFirst: A Tale of Two Dreams (DBN Subscription Required) Waterbury, Conn.-Area Online Retailer Outpost.com Will Not File Bankruptcy (DBN Subscription Required) Reverse split little relief for Quokka, considering bankruptcy (DBN Subscription Required) Salvaging dot-com leases (DBN Subscription Required) Holding an empty bag: American Hospital Association's e-commerce effort hit by bankruptcy of business partner (DBN Subscription Required) ____________ Friede: Friede Goldman Misses Interest Payment, Bankruptcy Speculation Rekindled (DBN Subscription Required) Debts moving Friede closer to bankruptcy ______________ Downgrades of bonds to junk hit record (DBN Subscription Required) Big Banking Merger: Investors, Beware (DBN Subscription Required) San Diego Attacks Court Decision Imposing $94.5 Million In Damages For Driving Business Into Bankruptcy (DBN Subscription Required)	Bridge: SunGard vs. Reuters in fight for Bridge (DBN Subscription Required) SunGard Says Bid Carries More 'Speed, Certainty' WSJ: separate paid subscription required) SunGard says its Bridge bid superior to Reuters (DBN Subscription Required) _____________ Bankruptcy Reform: Bush To Get New Bankruptcy Bill (DBN Subscription Required) Generation bankrupt - They got hooked on credit cards when the good times seemed forever. Now the bills are due. (DBN Subscription Required) Bankruptcy Bill's New Headaches Bankruptcy filings take on new urgency (DBN Subscription Required) Paper or Plastic? (DBN Subscription Required) New bankruptcy law will give creditors stronger hand The bankrupt generation (DBN Subscription Required) _____________ AMF Bowling CEO says bankruptcy most likely option (DBN Subscription Required) Brennan: Brennan convicted of bankruptcy fraud (DBN Subscription Required) Brennan Guilty of Bankruptcy Fraud, Money Laundering (DBN Subscription Required) Penny stock king convicted of bankruptcy fraud (DBN Subscription Required) _______________ Help Comes With a High Price - Distressed Firms Agree to Extraordinary Terms, Even at the Risk of Depressing Stock Prices (DBN Subscription Required) Sale of Strouds, Inc. to Strouds Acquisition Corporation Approved by Bankruptcy Court (DBN Subscription Required) Creditors, suppliers squeeze Asia Pulp (DBN Subscription Required) SEC Sues Mercury Finance Ex-CEO for Fraud (DBN Subscription Required) Criimi Mae finally set to exit bankruptcy (DBN Subscription Required) Track n Trail files for Chapter 11 bankruptcy protection Restructuring . . . Texas Instruments to Cut 2,000 Jobs Philips Sees Loss, Will Cut Jobs TI Reportedly to Lay Off at Least 2,000 _____________	New Bankruptcy Opinions (No new opinions today) Power Utilities: PG&E Reports $4.1 Billion Loss (DBN Subscription Required) PG&E Eliminates Utility CEO's Bonus (DBN Subscription Required) PG&E, both parent and utility, provide plenty to ponder (DBN Subscription Required) Deal to Buy Edison Grid Raises Doubts in Capitol (DBN Subscription Required) Why PG&E Chose Bankruptcy Protection / Courts will provide a framework to solve utility's problems, where the state so far has failed Calif. Utilities Took Different Lines (DBN Subscription Required) Judge delays ruling on SoCal Edison suit (DBN Subscription Required) PG&E CEO: Bankruptcy Settlement Could Come In 4-6 Months (WSJ: separate paid subscription required) Reliant Corp. beats estimates (DBN Subscription Required) DWP Chief to Work for Davis; Post as Energy Czar Likely (DBN Subscription Required) Plan to Save Edison Faces Skepticism in Sacramento - No legislative clamor for Davis' bailout deal PG&E says CEO Glynn's compensation falls 56 pct (DBN Subscription Required) PG&E wanted free rein (DBN Subscription Required) SoCal Ed defers preferred stock dividends due end-May (DBN Subscription Required) Dynegy Earnings Soar 73 Percent (DBN Subscription Required) PG&E unit sees new N.Y. power plant one step closer (DBN Subscription Required) PG&E top execs got no bonuses ___________ Do bankruptcy courts have the authority to grant an injunction to a debtor's nondebtor parent? (DBN Subscription Required) Belgian court fixes L&H claims at 562.9 mln euros (DBN Subscription Required) Thailand: Foreign insolvency specialists reel from Thai attack on fees ______________ Weather Forecast: Enter City, State, or Zipcode: