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[Commentary] © 2002 Philip Hyde, The Timesizing Wire™, Box 622 Cambridge MA 02143 USA (617) 623-8080

Bankruptcies, Oct-Dec/2002


12/31/2002  2 bankruptcies, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -

  1. Bankruptcies - US Bankruptcy Court for the District of Delaware - In re: Borden Chemicals & Plastics [BCP]...et al...and BCP Management Inc...\..debtors - jointly adminstered..., Chapter 11..., legal notice, WSJ, A13.

  2. Bankruptcies - US Bankruptcy Court for the District of Delaware - In re: Integrated Health Services Inc. et al., debtors, Chapter 11...jointly adminstered, legal notice, WSJ, A13.

12/28/2002  1 bankruptcy, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times
(not counting economywide stories, "As Chapter 11 filings proliferate, vendors hope to make critical list [of vendors who will get paid at least part of what the bankrupt owed them before filing]," by Tom Becker, 12/30 WSJ, B2, and "Struggling in debt, sacrificing pride - Japanese bankruptcies hit a record as the economy keeps sliding," on our suicide page today, 12/28/2002) - 12/27/2002  4-in-1 bankruptcies, totaling $10m +?? in debt, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/26/2002  3 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. US Bankruptcy Court, Southern District of New York - In re: ...Glencore Nickel Pty Ltd and Glenmurrin Pty Ltd, debtors in a foreign proceeding..., jointly administered, legal notice, WSJ, C2.

  2. US Bankruptcy Court, Southern District of New York - In re: ...Murrin Murrin Pty Ltd, debtor in a foreign proceeding..., legal notice, WSJ, C2.

  3. US Bankruptcy Court, Southern District of New York - ...In re: ...Anaconda Nickel Holdings Pty Ltd, debtor in a foreign proceeding..., legal notice, WSJ, C2.

12/24/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/23/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies - US Bankruptcy Court for the District of Delaware - In re: United States Mineral Products Co. d/b/a Isolatek International..., debtor - ...Chapter 11, legal notice, WSJ, B6.

  2. US Bankruptcy Court for the District of Delaware - In re: RFS Ecusta and RFS US Inc., debtors, Chapter 11...jointly adminstered, legal notice, WSJ, B6.

12/20/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/19/2002  2 bankruptcies, totaling $6.5B +?? in debt, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Conseco's tale of success ends in Chapter 11 - Several high-profile investors and executives are brought low; Insurance unit remains sound, by Joseph Hallinan & Mitchell Pacelle, WSJ, C1.
    Conseco Inc. filed for bankruptcy-court protection, ending a rags-to-riches saga that over the years captivated and enveloped some of Wall Street's savviest investors.... Under the current reorg plan, Conseco's debt would be reduced to about $1.4B from $6.5B with its creditors in effect taking ownership of the company....
    [Followup -]
    Conseco Finance units seek bankruptcy protection, Reuters via NYT, C4.
    ...Conseco, based in Carmel, Ind..\..said yesterday that...at the request of CFN Investment Holdings, which has agreed to buy \the unit,\ 18 subsidiaries of its Conseco Finance Corp. unit had filed for bankruptcy...in the US Bankruptcy Court for the Northern District of Illinois in Chicago....
    [More followup -]
    Bankruptcies - In the US Bankruptcy Court for the Northern District of Illinois - Eastern Division - In re: Conseco Inc. et al., debtors - Chapter 11...(jointly administered)..., legal notice, WSJ, B7.
    [Completely different names associated with this bankruptcy in this notice are -]
    ...Rice Park Properties Corp., Landmark Manufacturing Housing Inc., ... Green Tree Finance/Floorplan Funding Corp., ... Crum-Reed General Agency Inc.

  2. Halliburton to settle asbestos claims, by Susan Warren & Alexei Barrionuevo, WSJ, A3.
    ...A key component of the deal is to place its major subsidiary, DII Industries LLC, under bankruptcy supervision..\..
    [Well this is right in line with the fate of 2 previous subsidiaries, Harbison-Walker Refractories Co., formerly owned by the Dresser unit of Halliburton (tanked on 2/16/2002 #2), and the North American Refractories Co., a former Honeywell subsidiary on (tanked on 6/05/2002). And guess what cover-up artist was in charge when the real trouble started...]
    Halliburton inherited most of its asbestos liabilities from Dresser Industries Inc., which the Houston concern acquired in 1998 when VP Dick Cheney was Halliburton's chairman and CEO....

12/17/2002  2 bankruptcies, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Clarent Corp., NYT, C4.
    ...Redwood City, Calif., a maker of telecom software and hardware said it planned to file for Chapter 11...and agreed to sell substantially all of its business assets to Verso Technologies Inc., Atlanta, a networking and switching technologies company, for $9.8m....

  2. Bankruptcies - US Bankruptcy Court for the District of Delaware - In re: Sleepmaster Finance Corp. et al., debtors - ...jointly adminstered, Chapter 11, legal notice, WSJ, B7.

12/16/2002  3 bankruptcies, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Australia's tough-minded bankruptcies may serve as role model, by Sarah McBride, WSJ, A2.
    ...Like the U.S., Australia has just experienced 2 years rife with bankruptcy filings.
    [For the U.S., it's longer than 2 years.]
    But under [Australia's] tough laws, few companies survive intact. Last year, Australia's 2nd-largest insurer, HIH...hit the skids....
    [We only caught the 2d-largest airline last year, Ansett, on 9/13/2001, so we'll count the other three mentioned now.]

  2. Australia's tough-minded bankruptcies may serve as role model, by Sarah McBride, WSJ, A2.
    ...Last year, Australia's...3rd-largest retailer, Harris Scarfe...hit the skids....

  3. Australia's tough-minded bankruptcies may serve as role model, by Sarah McBride, WSJ, A2.
    ...Last year, Australia's...4th-largest communications company, OneTel, hit the skids....

12/13/2002  1 bankruptcy, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times
(not counting economywide story, "Recoveries fall as bankruptcies rise - Holders of senior bonds see drop in value of status, shrinking debt cushion," by Christine Richard, WSJ, C11, which states, "As bankruptcy filings continue to top the headlines, creditors are facing a harsh reality: recovery values are shrinking," meaning that creditors and bondholders are recovering fewer and fewer cents on the dollar = another interesting piece of the domino-effect architecture of recession-depression) - 12/12/2002  2 bankruptcies, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Advanced GlassFiber Yarns, NYT, C4.
    ...Aiken, SC, filed for Chapter 11.... It is 49% owned by the bankrupt Owens Corning, Toledo, Ohio,
    [= a hint of the domino effect of bankruptcies?]
    and 51% owned Groupe Porcher of France.

  2. Bankruptcies - In the US Bankruptcy Court for the District of Delaware - In re: Golf America Stores Inc..., debtor - Chapter 11..., legal notice, WSJ, B8.

12/09/2002  1 bankruptcy, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/06/2002  4 bankruptcies, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies - Moto Photo Inc. has filed a petition...under Chapter 11..., legal notice, WSJ, B3.

  2. Bankruptcies - In the US Bankruptcy Court for the District of Delaware - In re: Morton Holdings LLC et al., debtors - Chapter 11..., jointly administered, legal notice, WSJ, B3.

  3. Behind the crisis in Germany, a past that is crippling - Postwar 'miracle' was built on system [Keynesianism] that now saps state and stifles business [same as US] -
    Born in 1825, a printer folds, by Christopher Rhoads, WSJ, front page.
    ...Last year..\..printing firm B. Kuehlen KG...laid off its staff and filed for bankruptcy. "Our old customers kept leaving and we couldn't get new ones," says Norbert Neuenhofer, the 3rd generation of his family to run the firm. "We fell into a vicious spiral we couldn't get out of."...
    [Uncounted last year, so counted now.]

  4. Charting United's turbulent future - Near bankruptcy, airline boasts coveted routes that could save it - Labor pacts face an overhaul, by Susan Carey & Scott McCartney, WSJ, front page.
    [America is about to repeat the lesson of the 1920s - that you can't build economic recovery and sustainable prosperity on beating up labor - quite the contrary.] [Followup -]
    United files bankruptcy papers; Will ask workers again for cuts, by Edward Wong, 12/10/2002 NYT, front page.
    UAL Corp. files for bankruptcy protection - CEO seeks to cut costs, streamline operations; Unions to see outline today - UAL clearly will be forced to shrink as it restructures its operations, by Susan Carey & Thomas Burton, 12/10/2002 WSJ, A3.
    [More followup]
    United's new chapter, pointer summary (to B4), WSJ, B1.
    Eleven, to be exact. Branding experts say new ads may be too optimistic.
    [E.g., "Sure, it's been a hard time for us, and we'd rather not have been in the position of having to file for bankruptcy protection. But that doesn't mean we have any less conviction in our ability to successfully overcome our current situation and emerge a stronger company." But then, how can advertising not be optimistic?]

12/05/2002  1 bankruptcy, owing $68.4m, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/04/2002  1 bankruptcy totaling $10.66B in debt, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/03/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 12/02/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/29/2002  2 bankruptcy stories mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. US Bankruptcy Court for the District of Delaware - In re: Petition of Gene Kleinhendler, as foreign representative of Gilat Satellite Networks Ltd., debtor in a foreign proceeding..., legal notice, WSJ, C13.

  2. Troubles push Paraguay close to bankruptcy, by Larry Rohter, NYT, C3.
    ASUNCION - ...Paraguay is in deep trouble. The financial crisis that began in Argentina a year ago and soon spread to the rest of South America has been pummeling Paraguay, a landlocked nation of 5.5m people sandwiched between Argentina and Brazil. The neighbors' troubles have become Paraguay's with a vengeance..\.. ...With fewer resources [and] options open to it, the country is on the verge of bankruptcy and struggling to avoid an Argentine-style collapse....
    [photo caption -] President Luis Gonzles Macchi...is seeking ways to avoid defaulting on outstanding loans.

11/27/2002  2 bankruptcies totaling $4.002B in debt, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Genuity to seek bankruptcy protection, Bloomberg via NYT, C3.
    ...The data-network operator...will file for Chapter 11 protection from creditors..\..people close to the situation said yesterday...after Verizon Communications opted not to buy back a stake in August, leaving the money-losing seller of Internet access unable to pay interest on $3.15B in loans....

  2. World Watch -...Asia/Pacific -...Briefly, compiled by David Oyama, WSJ, A8.
    Creditors of ailing Thai steelmaker Nakornthal Strip Mill approved its revised plan to restructure about 37B baht ($852m) in debt, according to founder and director Sawasdi Horrungruang. The plan must appoved by a bankruptcy court.

11/26/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/22/2002  2 bankruptcies -
  1. Tokheim Corp., NYT, C3.
    ...Fort Wayne, Ind., a maker of pay-at-the-pump terminals for gas stations, filed for Chapter 11...for the 2nd time since 2000.

  2. Bankruptcies... -...Northern District of Illinois, Eastern Division - In re: Viskase Cos. Inc., debtor - Chapter 11..., legal notice, WSJ, B4.

11/21/2002  1 bankruptcy story - 11/20/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Encompass Services Corp., NYT, C6.
    ...Houston, a provider of building services, filed for Chapter 11....

  2. In the US Bankruptcy Court for the District of Delaware - In re: Fansteel Inc. et al., debtors - Chapter 11... jointly administered, legal notice, NYT, C7.

11/19/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/16-18/2002  5 bankruptcies, totaling $350m in debt + unspecified, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times [not counting economywide story, "Bankruptcy legislation dies this year, future is uncertain," by Tom Hamburger, 11/18 WSJ, A4 - meaning that although we've gutted the hard-learned banking lesson of the Great Depression {the Glass-Steagall Banking Bill}, we have not yet gutted the bankruptcy one) -
  1. [a cascade of bankruptcies in an ominous domino effect reminiscent of 1929 -]
    11/16 Bankruptcy filing expected for health services' lender - National Century's cash sources run dry, by Michael Oneal, NYT, B2.
    National Century Financial Enterprises, a healthcare finance company, may file for bankruptcy...as early as Monday...to help stabilize its finances..\..people close to the situation said yesterday.... Its finances began to decline in late October.
    National Century lends money to cash-short healthcare companies in return for taking over rights to their receivables - payments expected from insurers and government programs like Medicare and Medicaid.
    [In short, more private-sector makework for gratuitous middlemen, completely unnecessary for a well-run healthcare company (and for gawdsake, let the poorly run ones go bust and vanish quickly).]
    It then packages those receivables into bonds and sells them to investors, who receive interest derived from the insurance payments. National Century gets a portion of each transaction.
    [Sounds like a big crowd of parasites piling onto a dying wildebeest.]
    Around May, new investors started to shy away from National Century bonds, depriving it of badly needed new capital.
    [Badly needed "good money" to chase after "bad," they mean. Investors must be awfully stupid to pile onto such a clearly unsustainable pyramid scheme in the first place.]
    In response, the private company began to take money from 2 reserve accounts backing 2 bond trusts worth $3.35B.
    [Nothing is sacred to these clowns.]
    When investors discovered that almost $350m was missing from the reserve for a trust called NPF XII, they protested and National Century's finances began to fall apart.
    ["Began"?! Give us a break. They never HAD any "finances" to speak of from the gitgo! The fundamental concept was gangrenous.]
    The company, which is based in Dublin, Ohio, has stopped making payments to hundreds of hospital and home healthcare clients nationwide. That, in turn, has led 2 of its largest clients [see next 2 bankruptcy entries] to seek bankruptcy protection.
    [...so far.]
    Hundreds of National Century clients are scrambling to find alternative financing....
    [Yeah, right. Ringside seats for yet another little death spiral in our current, doomed, nearsighted, downsizing-not-timesizing form of capitalism. Rub yo' hands in glee, chillun. De massa's goin' down and he ain't gettin' back up dis time till he shares de vanishin' work (or starts the Third World War, beyond which, most of us will not survive).]<
    [Followup]
    11/18 National Century is subject of a search by federal agents, AP via WSJ, A8.
    [and]
    11/18 FBI raids headquarters of health services lender, by Michael Oneal, NYT, C3.
    [and]
    National Century files Chapter 11, by Paul Beckett, 11/19/2002 WSJ, C5.

  2. 11/16 Bankruptcy filing expected for health services' lender - National Century's cash sources run dry, by Michael Oneal, NYT, B2.
    The company...has stopped making payments to hundreds of hospital and home healthcare clients nationwide. That, in turn, has led two of its largest clients - PhyAmerica Physician Group in Durham NC and Tender Loving Care, a unit of Med Diversified in Andover MA - to seek bankruptcy protection....
    [Followup - here are a few other names associated with this bankruptcy -]
    Bankruptcies - The U.S. Court for the District of Maryland - Baltimore Division - In re:
    Baltimore Emergency Services II LLC, PhyAmerica Physician Group Inc., ECS Holdings Inc., Scott Medical Group LLC et al., debtors - Chapter 11...jointly administered, legal notice, WSJ, B7.

  3. 11/16 Bankruptcy filing expected for health services' lender - National Century's cash sources run dry, by Michael Oneal, NYT, B2.
    The company...has stopped making payments to hundreds of hospital and home healthcare clients nationwide. That, in turn, has led two of its largest clients - PhyAmerica Physician Group in Durham NC and Tender Loving Care, a unit of Med Diversified in Andover MA - to seek bankruptcy protection....

  4. 11/18 US Bankruptcy Court - Southern District of New York - In re: Texon International Ltd. , debtor in foreign [UK] proceeding, legal notice, NYT, C3.

  5. 11/16 Oakwood Homes Corp., NYT, B4.
    ...Greensboro, NC, a maker of mobile homes...plan[s] to file for Chapter 11...and to close about 75 outlets that sold its homes.
    [Unspecified laid-off employee-consumers.]

11/15/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/14/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/12/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Western District of Oklahoma - In re: CD Warehouse Inc. [et al.],... debtors..., Chapter 11,... jointly administered..., legal notice, WSJ, B4.

  2. US Bankruptcy Court - Eastern District of New York - In re: PT-1 Communications [et al.], debtors - Chapter 11 -... jointly administered..., legal notice, NYT, C12.

11/11/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
    *
  1. Bankruptcies... -...District of Delaware - In re: Teleglobe Communications Corp., a Delaware corporation, et al., debtors, Chapter 11, jointly administered..., legal notice, WSJ, B10.
    [Note possibly related bankruptcy of "Teleglobe Inc., a unit of BCE Inc., Canada's dominant telecomms company" on 5/16/2002.]

  2. Bankruptcies - Notice of dissolution - ...eConnections Inc..., a dissolved Delaware corporation..., legal notice, WSJ, B10.

11/08/2002  2 bankruptcy stories mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. NRG Energy proposes Chapter 11 filing to its creditors, by Mitchell Pacelle, WSJ, A2.
    ...The unregulated power-generation subsidiary of Xcel Energy Inc..\..following months of financial triage, offered to surrender full ownership of the company to creditors through a Chapter 11 bankruptcy filing, according to people familiar with the matter. A bankruptcy filing by [NRG] would be the first in what is expected to be a string of energy-company bankruptcies in coming months.
    [The first? What about Enron?!]
    NRG...owes about $10B to its bank lenders and bondholders and has missed a string of debt payments since September.... NRG, Minneapolis, is one of a slew of energy firms pushed to the brink of failure by plunging power prices, the collapse of the energy-trading business, and questions about the industry's accounting. It is among the most beleaguered of the unregulated utility arms set up by energy companies in the wake of deregulation to sell power into the wholesale market....
    [So, let's get this straight. The system was working when it was regulated, but dumb businessmen couldn't leave well enough alone, they sneered at "If it works, don't fix it," and pushed for deregulation. Now the whole sector is failing. And they want to deregulate and privatize even more???]
    PG&E's Corp.'s unregulated arm, National Energy Group Inc., is also in restructuring talks.
    ["A bankruptcy-court petition for the unit...which is in default on $2.9B in debt..\..could occur within the next few weeks," according to "PG&E posts loss, plans to file for bankruptcy for another unit," by Rebecca Smith, 5/14/2003 WSJ, A8.]
    Earlier this week, S&P noted that about 2 doz. power companies need to refinance about $90B in short-term debt by 2006, and that many won't be able to obtain new financing. Among the [other] companies identified by S&P as most at risk are Reliant Resources..., Calpine [and] Mirant....
    [Followup -]
    NRG Energy files for bankruptcy protection, AP via 5/15/2003 NYT, C4.
    ...Chapter 11...yesterday...long-expected...Southern District of NY....
    [WSJ version -]
    NRG unit files for Chapter 11 after months of negotiation, Dow Jones via 5/15/2003 WSJ, D4.
    Xcel Energy Inc's NRG Energy Inc. unit, one of the county's largest U.S. independent power generators, filed for bankruptcy protection along with several affiliates.... NRG listed liabilities of $11.6B and $10.9B in assets [leaving a net debt of 11.6-10.9=0.7= $700m]..\.. The plan incorporates the terms of a March settlement in which Xcel would pay creditors and NRG $752m [that takes care of the net debt]. NRG will no longer be included on Xcel's financial statements as a consolidated subsidiary.

  2. US Bankruptcy Court - Southern District of New York - In re: Interliant Inc. [et al.], Jacobson Consulting Group Inc, rSP Insurance Agency Inc., ...Soft Link [SL] Holding Corp., TP Successor Corp. -Chapter 11, ...jointly administered..., legal notice, NYT, C5.
    [followup -]
    I Successor Corp. et al. (f/k/a Interliant Inc. et al.)...Chapter 11, legal notice, 8/05/2003 WSJ, B4.

11/07/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Northern District of Texas, Dallas Division - In re: IJM2 Co-Investment LP, debtor -...Chapter 11, legal notice, WSJ, B11.

  2. Lodgian Inc., NYT, C4.
    ...Atlanta, an operator of hotels under the Hilton, Holiday Inn and Marriott names, won a federal bankruptcy judge's approval of its reorg plan, clearing the way for the company to emerge from Chapter 11.
    [We didn't see any announcement of this one when it went under, so we'll count it now.]

11/06/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 11/04/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Southern District of New York - In re: United Australia/Pacific, Inc., debtor - Chapter 11..., legal notice, WSJ, B6.
  2. Bankruptcies... -...Southern District of New York - In re: Provell, Inc., et al., debtors - Chapter 11... jointly administered..., legal notice, WSJ, B6.
11/01/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 10/31/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 10/28/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. In the US Bankruptcy Court for the District of Delaware - In re: ...Glenoit LLC [et al.], APEI Inc f/k/a American Pacific Enterprises Inc..., Grand Avenue Corp..., Ex-Cell...Inc. [et al.], debtors - ...Chapter 11..., jointly administered..., legal notice, NYT, C4.

  2. Bankruptcies... -...District of Delaware - In re: FTC^Deltacom Inc, debtor, Chapter 11, legal notice, WSJ, B8.

10/23/2002  5 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Northern District of Ohio, Eastern Division - In re: Copperweld Corp., et al., debtors - Chapter 11 jointly administered..., legal notice, WSJ, B12.
    [Associated names are: Copperweld Bimetallics Products/Tubing Products/Equipment/Marketing & Sales, Metallon Materials Acquisition, Miami Acquisition, Southern Cross Investment, TAC Acquisition, Welded Tube Holdings/Co. of America..., 12/04/2003 WSJ, B11.

  2. Bankruptcies... -...Southern District of New York - In re: AI Realty Marketing of New York Inc; Laser Acquisition Corp, DDG I Inc; Sunbeam Americas Holdings Ltd, et al., debtors - Chapter 11... jointly administered..., legal notice, WSJ, B12.
    [These are evidently linked to the bankruptcy of Sunbeam on 2/07/2001 but were not named then, so we name them now.]

10/21/2002  5 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times (not counting this pointless story, "Bleak earnings - Is bankruptcy good for the airlines?" by Edward Wong, 10/20/002 NYT, 4:5) -
  1. China company to buy and run a bankrupt U.S. battery maker, by Joseph Kahn, NYT, C2.
    [Here's a switch -]
    SHANGHAI...- A Chinese state-owned chemical company has agreed to rescue an American battery manufacturer from bankruptcy and continue its global manufacturing operations, a deal both sides called the first of its kind between the U.S. and China. Shanghai Huayi Group will take over the operations of Moltech Power Systems, a Gainesville, Fla., company that...filed for Chapter 11 protection last year....
    [But we didn't see it announced then, so we'll count it now.]

  2. US Bankruptcy Court, Southern District of New York - In re: TransCare Corp., et al., debtors - ...Chapter 11 ...jointly administered..., legal notice, NYT, C2.

  3. Bankruptcies... -...District of Delaware - In re: Peregrine Systems Inc, et al., debtors, Chapter 11 ...jointly administered, legal notice, WSJ, B6.
    [followup]
    Peregrine Systems files plan to revamp in bankruptcy court, by Maureen Tkacik, 1/22/2003 WSJ, B5.
    Software maker...sought Ch.11 bankruptcy protection in September amid a Justice Dept. probe of its accounting practices....

  4. Bankruptcies... -...District of Delaware - In re: DESA Holdings Corp., et al., debtors, Chapter 11 ...jointly administered, legal notice, WSJ, B6.

  5. Bankruptcies... -...Southern District of Texas, Houston Division - In re: Denali Inc, Belco Mfg, ... Ershigs Inc, ... Fibercast Co, Plasticon Fluid Systems Inc..., Sefco Inc, debtors, jointly administered -Complex Chapter 11 ..., legal notice, WSJ, B6.

10/17/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 10/16/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
10/14/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Southern District of New York - In re: Pinnacle Towers II Inc, et al, debtors, Chapter 11... jointly administered, legal notice, WSJ, B6.

  2. Bankruptcies... -...District of Delaware - In re: Stations Holding Co Inc, debtor, Chapter 11, legal notice, WSJ, B6.

10/10/2002  1 bankruptcy mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - 10/09/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Integrated Telecom Express Inc., NYT, C4.
    ...San Jose, Calif., a designer of integrated circuit and software solutions [will] file for Chapter 11 bankruptcy protection and ask the court to approve the sale of its assets to maximize the amount of capital returned to stockholders.

  2. US Bankruptcy Court, Southern District of Florida (West Palm Beach Division) - US Diagnostic Inc., et al., debtors - ...Chapter 11, jointly administered..., legal notice, NYT, B3.

10/08/2002  2 bankruptcies mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times (not counting economywide story, "Stocks in Japan plummet to a fresh 19-year low - Fears about a banking cleanup, possible bankruptcies send the Nikkei down 3.8%; Other Asian markets fall," by Sebastian Moffett, WSJ, C12) -
  1. Bankruptcies -...District of Delaware - In re: ...KCA Inc (f/k/a Kellstrom Commercial Aircraft Inc) [et al.], DC-9 Aircraft Holdings LLC [et al.], debtors, Chapter 11...Jointly adminstered, legal notice, WSJ, B10.

  2. Bankruptcies... -...Southern District of New York - In re:...Jazztel PLC..., legal notice, WSJ, B10.

10/04/2002  1 bankruptcy & 1 liquidation, cited in (WSJ) Wall Street Journal &/or (NYT) New York Times -
  1. Bankruptcies... -...Southern District of New York - In re: York Research Corp., for itself and as successor by merger to Cogeneration Technologies Inc. & West Texas Renewable Holding Inc., debtor, Chapter 11..., legal notice, WSJ, B5.

  2. Public notices -...New York branch of PT Bank Central Asia TBK -...voluntary liquidation, legal notice, WSJ, B5.
10/02/2002  1 bankruptcy, mentioned in (WSJ) Wall Street Journal &/or (NYT) New York Times - For earlier bankruptcy stories, click on the desired date -

  • Jul-Sep/2002.
  • Apr-Jun/2002.
  • Jan-Mar/2002.
  • Aug-Dec/2001.
  • Mar-July/2001.
  • Jan-Feb/2001.
  • Dec/2000.
  • Oct-Nov/00.
  • Jul-Sep/00.
  • Jan-Jun/2000.
  • Aug-Dec/1999.
  • Prior to July 31/99.

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