December 10, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Enron:

A Giant Falls
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In Re Enron, a Judge of Caution
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How Enron Built a Team - Weil Gotshal, new to the firm, is now the crisis manager
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Enron Paid $50 Million to Traders
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Lara Croft firm puts detectives on trail of $55m
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Pressure mounts to relocate Enron bankruptcy
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Enron Slashes 200 More Jobs as It Tries to Revive Trading Unit
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Citigroup, UBS planning offers for Enron
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Enron broadband trades mostly shams, lawyer alleges
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Enron to Dissolve Media Unit
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Banks Seek to Buy Enron Unit
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Enron gave off smoke before everyone saw there was fire
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Power Player - Chuck Watson built Dynegy at blinding speed but was overshadowed by Enron - Now he's got the spotlight to himself

UK: Enron staff get final bonus
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Freeze Sought on Enron Executives' Assets
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Night didn't fall with Enron - The collapse of the nation's biggest power trader has been a non-event in California. That could change
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Jobless Enron workers network at "Pink Slip Party"
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Enron Vs Dynegy Raises Key Questions
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Enron leaves a legal tangle
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Enron collapse destroyed pensions, may prompt change
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Shutdown of Enron Canada Would Jolt Energy Trade
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Steep drops and high hopes
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Enron and Information Age Disclosure
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Laid-off workers adjusting to life after Enron - Attendees at a 'pink-slip party' say their resolve was strengthened
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Regulators Mull Probe of Enron Affiliates
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Judge Doesn't Rule on Enron Freeze
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Energy trading didn't kill Enron
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Betting the farm
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When Trust Collides With Risk
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Charitable Fund Sues Enron Directors and Arthur Andersen
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'Graduates' of Enron Have Little to Cheer
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Enron's Demise Doesn't Devalue Model It Created
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Any last words for Enron?
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Give and take
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Enron gloom runs deep in the heart of Texas: Many of the crisis-hit energy group's ex-employees are facing a bitter Christmas
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Claiming losses after the Enron bankruptcy
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Long ride ends with bump for Enron boss - Kenneth Lay, once lauded as energy pioneer, now finds himself the target of the markets, shareholders and employees
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Cautionary tale of an Enron employee who went for broke
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Left out in the cold
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Investor faith can't fall with Enron
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What Enron got right
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American Classic: Taxpayers Going Down With Ship Project
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  Law Firm Restructuring:

82 Associates Take Buyout At Brobeck
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Firms Mix Growth With Slowdowns in 2001
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_________________

Good to be deep in debt - Wilmington lawyer is known for work in major filings

Airlines:

Sun Country Airlines Cuts 900 Jobs
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Sun Country CEO hopes to revive airline
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'BA To Slash 10,000 Jobs'
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Swissair creditors face longer wait
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Shuttle America charts new course - Bankruptcy plan approved by court
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Some see turbulence in Shuttle America's future
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Restructuring . . .

Cable firm NTL to cut more jobs
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Work-out bankers swoop in when loans go bad
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Movie Theater Industry:

AMC Entertainment to buy General Cinemas
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Regal Wins Approval of Chapter 11 Plan
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Telecoms:

At Home bondholders protest cable agreements
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Who killed ExciteAtHome? Cable companies accused; broadband legacy lives on
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Global Flameout
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Older, but how much wiser?
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EarthLink to Buy Bankrupt OmniSky
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Low bid for ExciteAtHome disrupts Service
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Polaroid:

Insiders landed out of running at Polaroid
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Retirees ask for justice at Polaroid
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Investors Are Left Scrambling
As Bond Markets Enter Swoon
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Buying binges broke Lason
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Don't get caught unaware if your IPA fails - The bankruptcies of four IPAs in Texas highlight the importance of being alert to warning signs
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ABN Amro Transfers Risk, Frees Capital Via ABS Market
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The Answer to Spending Problem Is Counseling, Not Another Loan
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Bankrupt Highland Park lays off all workers
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2,000 bail bonds to be canceled - Nebraska underwriter's bankruptcy leaves criminal detention system on brink of crisis
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Rating firms toughen review of triggers, post-Enron
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Global outfits avoid paying billions in taxes
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Crestland could sell its assets to co-op
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Forecast: Recovery to bloom in spring
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Hayes Lemmerz says court okays wage, debt payments
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Bankruptcy Stocks Aren't Worth
Pennies -- Even Former Highfliers
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The Dangers Behind a Leap of Faith
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Bankruptcy 'Bargains' Are Risky Business
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Ripples of Sept. 11 Widen in Retailing
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Bolton Valley Vows To Survive Chapter 11 Bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Keeping It Out of Court
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Steel:

Judge clears LTV shutdown
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USX in talks with National Steel, NKK
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Okla: Steel mill files for Chapter 11
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U.S. panel recommends tariffs for steel
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Bondholders reject Algoma Steel restructuring plan; talks continue
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Long Neglected, Steel Firms Suddenly Seen as Vital
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LTV Management, Lenders, Noteholders, Creditors and Union Support LTV's Asset Protection Plan
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Federal Trade Panel Proposes
Tariffs on Steel Imported by U.S.
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Beth Steel bailout faces a battle
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Algoma Steel to meet creditors
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USWA Urges Rapid Action By President On Remedy Rulings Issued By ITC
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U.S. Steel in talks to buy National Steel
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______________________

Power Utilities:

PG&E bankruptcy disrupts toxic chemical suits - Utility hopes recent claims will be tossed
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Governments are denied PG&E bankruptcy panel
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PG&E Bankruptcy Judge Won't Form Govt Creditors Committee
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PG&E Sets Plan to Pay Calpine Bills
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PG&E Issues Statement After Court Ruling on Creation of Government Creditors' Committee
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Asbestos:

Cooper Industries details asbestos liability
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Halliburton Shares Tumble Nearly 43%
After Asbestos Verdict Against Subsidiary
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Halliburton Battered as Asbestos Verdict Stirs Deep Anxieties
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__________________

Argentina:

Argentines Fear Economic Crisis
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Threat of fiscal collapse brings run on banks
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Argentina fails to win vital IMF loan
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Argentina's top banks under mounting pressure
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___________________

Canada:

Workers dead last on list in bankruptcy
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Toronto court blesses Loewen's bankruptcy exit
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Suing Church and State - Abuse of native children in Canada charged
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Forgive Us Our Debts
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___________________

Japan:

Japanese banking group to sell U.S. subsidiary to BNP Paribas
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Japan rooted in new recession
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Japan Urged to Attack Bad Loans
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_____________________

England:

Creditors balk at leniency for failure
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Creditors oppose plan to pardon failed directors
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'No plan B' to save Equitable
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______________________

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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.