December 20, 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:

Full-Text Search Selected Enron Pleadings
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Enron Employees Seek Committee

Laid-off employees demand word on severance
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Enron Not Selling Trading Contracts
(WSJ: separate paid subscription required)

Judge remands Dynegy lawsuit over Enron pipeline to state court
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What a tangled financial web he wove
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JPMorgan Initiated Litigation Vs Insurers
(WSJ: separate paid subscription required)

Enron DIP syndication looms
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FERC Proposes Rules On Energy Derivatives Accounting
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JP Morgan faces extra Dollars 1bn exposure over Enron
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Unlearned lessons
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US Senator says Enron collapse 'a tragedy'
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Cliffhanger
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Lenders to Infuse $20 Million in Dabhol Power Plant
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And to all a good night
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Judge approves auction for Enron's trading unit
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Ken Lay resigns from Lilly's board
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Spirit of giving lives for Enron employees
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Energy Exchange Facing Liquidation
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Swiss Re Reports Loss Estimate Resulting from Enron Bankruptcy
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Economy:

Fed caught by surprise by severity of slowdown
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IMF says global slowdown will be worse than expected
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Index of Leading Economic Indicators Up for 2nd Month in a Row; Could Signal End of Downturn
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U.S. Trade Deficit in October Soars by Biggest Amount in Eight Years
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Economic growth weakest in 8 years - International Monetary Fund’s outlook predicts swift recovery
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Charleston, W.Va., Office Machine Supplier Files Bankruptcy
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FleetBoston:

FleetBoston to Take Charges, Cut Jobs
Following Sour Investments, Bad Loans
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FleetBoston to cut 700 jobs profit melts
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Polaroid OKs Digital Solutions sale
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  NationsRent:

Court Approves NationsRent's Request for Immediate Access to $20 Million Of Its $55 Million Dip Financing
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Suitors eyeing bankrupt ANC Rental - Creditors want to be kept informed about acquisition talks
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The candy men can
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Restructuring . . .

Motorola's Harsh Restructuring Continues
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Airport Company Menzies Axes 1,200 Jobs
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Alcatel plans to slash 1,700 workers
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Airlines:

American Airlines Recalling About 800 Reservations Clerks
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Small change for creditors of Qantas NZ
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Brazilian Carrier Transbrasil
To Shed 45% of Work Force
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Air Lib assures employees that it "will not file for bankruptcy"
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Steel:

LTV, steelworkers to terminate contract
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LTV puzzled over trades of its stock
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Steelmaker LTV denied US$250M loan: Liquidation looms
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LTV Steelworkers Return to 'Camp Solidarity' For Congressional Appeal to Save LTV Steel
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Judge sanctions Algoma's restructuring
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Court approves Algoma plan: 'The only viable alternative,' says steelmaker's lawyer
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Steve Miller's Plan to Reforge Big Steel - Bankrupt Bethlehem Steel's CEO wants to salvage the entire industry
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Aesthetic Technologies seeks DIP financing
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Strong Data For MBNA, Discover
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Bankruptcy Reform:

Netting provision debate heats up
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Fed clears SunTrust-Huntington deal
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Refinance mania ebbs as mortgage rates rise
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President at UBS ousted after just eight months
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Electronics maker mulls bankrupt

Indiana Bankruptcy Judge Clears Way for SIPC To Help 30 Investors Recover Up to $2 Million
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Letter from Delaware: Promises of confidentiality
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Cadwalader, Wickersham & Taft Names New Bankruptcy Partner
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Telecoms:

Arch Wireless could face steep DIP penalty
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NextWave’s wireless deal looks dead - Congress unlikely to OK settlement giving firm $6 billion
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ICG files plans to raise company from bankruptcy - Event a turning point for firm
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Cellpoint sues law firm over PIPE deal
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Globalstar to file for bankruptcy protection
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Law Firm Restructuring:

Going It Alone - Laid off by Cooley, a former associate tries his hand at running his own firm
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Latest-stage financiers prey on cash-short startups
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Accountant Settles With SEC In Sys of Excellence Case
(WSJ: separate paid subscription required)

Power Utilities:

PG&E resubmits restructuring plan
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Regulation by state at stake in PG&E bankruptcy plan
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PG&E cites Calif. laws hampering reorganization
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Argentina:

State of Siege Declared in Argentina
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Argentina's Economic Crisis Erupts in Looting and Violence
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Corporate Defaults Start in Argentina
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Canada:

Dylex money paid debts of U.S. affiliate
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Negotiations continue with Swiss bidder on fate of troubled Skeena Cellulose
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Poland:

The Borrowers
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Australia:

Insolvencies To Increase in 2002
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Japan:

Bank of Japan Loosens Loan Policy
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

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