December 11, 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:

Enron Bonuses Unseemly, But Legal
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Banks Eyeing Enron Trading Rescue
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Dynegy Files Motion To Dismiss Or Transfer Enron v. Dynegy Adversary - Says State Claims At Issue
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Recent Enron Filings, Including Dynegy Motion to Transfer Adversary Venue
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Bye-Bye, Boom-and-Bust - Diversified Houston Able To Weather Enron Storm
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Enron India unit lenders to meet Dec 13
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Dabhol dream dies off as Enron bites the dust
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Dynegy Asks Court to Let It Buy Pipeline From Enron
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El Paso Secured Off-Balance-Sheet Financing Amid Enron Collapse
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Tangle of Transactions Fueled Enron's Crisis
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Connect the Enron Dots to Bush
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Bankruptcy tip of iceberg in forums seeking redress
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Friends in High Places - Bankrupt Enron Held Sway With Current Bush Administration
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Enron's broadband venture facing new scrutiny
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Enron's Bill for Bonuses Ratchets Up
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Legal, Fincl Developments Key To Enron In Next Few Wks - Near-term Future Fraught With Legal Struggles
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Enron Says Sale of $800 Million in Assets Is Unlikely This Year
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Sen Feinstein Seeks Govt Affairs Panel Probe Of Enron
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Bids for Enron's trading business in the works
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Enron Court Hearing Pushed Back To Dec. 20 From Dec. 14
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Enron Japan units file for bankruptcy in Tokyo
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Congress to Hear Officials on Enron, Pitt Declines
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What to Learn From the Fall of Enron, a Firm That Fooled So Many
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Additional Enron Job Cuts Certain,But Not Immediate
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The fall of Enron: Much blame goes to company's corporate culture
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Enron Collapse May Lead to Changes in American Business
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Banks Set Offers for Enron Energy Trading Unit
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Fling Open the Enron Mess
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Georgia Retirement Boards Give Approval to Attorney General to Sue Enron
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Illinois Utilities Seek End To Enron Gas Purchase Pacts
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Florida State Employees Pension Fund Faces Devastating Loss from Enron Shares
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Enron employees sound off
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Enron bankruptcy could mean sale of wind energy subsidiary
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Enron's Close Ties to Bush
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Jobless in a Flash, Enron's Ex-Workers
Are Now Stunned, Bitter and Ashamed
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Mystery, Investigations Surround Enron Disaster
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Accounting Expert Blasts Those Saying Enron's Bankruptcy Demonstrates Failure of 'Old Economy' Accounting
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Congress struggles to fill its Enron dance card
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Citigroup's Great Strength -- and Weakness
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(cont. in 2d col.)

___________________

  Leading bankruptcy specialist in shock departure from Wachtell
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Most US Office creditors want liquidation
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Bankruptcy related issues around DC
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Polaroid Retirees File Objections
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Austin: Electrosource bankruptcy leaves $5.7M debt
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Ousted AHERF chief in soured oil deal
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Steel:

Algoma reaches deal with bondholders
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Despite last week, betting on bankruptcy a loser
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Big Steel Is an Invalid That Can Roar in Washington
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Parent Firm of Bartonville, Ill., Steel Firm Gets Restructuring Extension
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LTV Mills Need Buyer That Can Compete Globally
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Steel Company LTV Cuts 1,600 Jobs at East Chicago, Ind., Plant
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Sand Springs, Okla.-Area Steel Firm Forges Survival Plan
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Steel import tariffs remedy draws fire
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U.S. Steel pushes tariffs to fund retiree liabilities
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Algoma Steel bondholders accept sweeter deal to avert bankruptcy
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________________

Pritzkers, Feds Settle Superior Bank Failure
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Plan to sell Wilkinson assets OK'd
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Dotcoms:

EDS Says Not Interested in Exodus Assets
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NBTY Buys HealthCentral.com Assets For $2.8M Cash
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_____________________

Luminant Agrees to Sell All Major Assets to Lante Corporation in Bankruptcy Sale
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Dresser Indus Sues Federal-Mogul Unit Over Insur Rights
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Household Finance Sued By CA Regulators
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Court To Continue First Wave Chapter 11 Hearing In Jan
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Consumer Credit Rises $7 billion in October
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Restructuring . . .

1,400 more jobs lost - Auto supplier's cut anticipates drop in new car sales
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_____________________

Houston: Law firm partner, attorneys join competing bankruptcy practice
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Valley Media Lays Off 300 Workers, May Shut Down
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Stirling Cooke Wins Verdict In Film Financing Case
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Of bananas and trade wars
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Treasury Official Says Congress Should Pass Netting Laws This Year

Last rites for roll-ups?
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Confessions of an ex-collection agent
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Enron (cont.):

Calpine's shares plunge on fears of Enron-style collapse
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Calpine CEO Calls Comparison With Enron `Ridiculous'
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Picking up the pieces left behind by Enron bankruptcy
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____________________

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Law Firm Restructuring:

Unhappy Hunting - Recruiters try to retrench. But can they?
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Simpson's Bonuses Are Half of Cravath's
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Simpson Bonus Memo
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_____________________

Legg Mason Settles
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French Bank to Buy United California Bank for $2.4 Billion
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Former US Official Proposes Global Solvency Crisis Fund
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Greensboro: Timco may face bankruptcy
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DecisionLink Files For Chapter 11 Protection In Nevada
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Telecoms:

Hollings to fight NextWave settlement
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US lawmaker urges senators oppose NextWave move
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Cable & Wireless Agrees To Buy PSINet Japan For $10.4Mil
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Winstar Told by Bankruptcy Judge to Keep Running
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Williams Communications Finalizes Asset Purchase of iBEAM Broadcasting Corp.
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US Judge Grants Telergy Request To File Chap 7 Bankruptcy
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NextWave settlement gets more scrutiny
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___________________

Aladdin Gaming Seeks Court OK For Employee Retention Plan
(WSJ: separate paid subscription required)

Power Utilities:

SoCal Ed: All But 1 Or 2 QFs Signed New Pay Agreement
(WSJ: separate paid subscription required)

Pacific Gas and Electric Company Makes Over $67 Million in Property Tax Payments
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________________

Airlines:

US Airways Chief, Unions Meet - Wolf Says Airline Will Not Seek Bankruptcy Protection
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Amer West Submits Amended Application For Federal Loan
(WSJ: separate paid subscription required)

Airline Agrees to Offer U.S. a Stake for Aid - America West Bid May Set Industry Pattern
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Airports, Airlines On Opposite Ends Of 'Credit Spectrum
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________________

Moody's To Give Heads Up On Potential Credit Fiascos
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Another rate cut expected from Fed - But bold buoying of economy ending
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Anxious investors sell stock in asbestos defendants
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Bankruptcy Cases Surge in Atlanta
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The Changing Employment Picture
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Sun Healthcare Seeks Court OK For $7.4M Financing Deal
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China:

Mill Workers Are Left Behind as China's Economy Surges
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_____________________

Japan:

Fix Bad Loans Now, Japan Is Urged
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Japan's Aoki gets offers to rebuild
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_______________________

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