December 26, 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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Blackstone takes on Enron
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Gifts, lobbying built Enron’s power
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BG Group says Enron Oil & Gas India buy delayed by Enron collapse
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Enron's $2.9 Billion White Elephant
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Enron's Bankruptcy Means Less Money for Houston's Charities
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Enron's former chief denies any role in collapse
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Citigroup Prepares Bid For Enron Unit
(WSJ: separate paid subscription required)

40,000 customers in California stuck between Enron, local utilities recouping losses
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Enron shares driven up by news of bids for unit
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Eco-Tankship in Bid to Block Enron Auction
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State feels the effect of Enron bankruptcy
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Citigroup Could Be the Bidder to Beat
For Enron's Energy-Trading Operations
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Enron's Collapse Uncovers Pitfalls of Hidden Debt
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Enron's political gifts haunt Texas politicians
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Filling Enron's Shoes
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Enron advisors see more bidders for trading unit
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Alumni help one another with network
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Sale of Enron unit in India dead-ends
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Is Bush Still an Enron Fan?
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Univ of Calif seeks to join suit vs. Enron executives
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Enron Executives Should Pay Restitution
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Economy Weakest in a Decade
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Banks, Brokers Wait for Rebound
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U.S. Slump Severe but Consumers Upbeat
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Comdisco Reports Fourth Quarter Loss of $142 Million
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Suiza Foods loses bid to get Fieldbrook Farms
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Steel:

Judge Approves Benefits Deal for LTV Steel Workers
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Dark times in steel hint at new dawn
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Debt counselors rescue bankruptcy chits
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Matlack Systems Board Approves Ch 11 Liquidation Plan
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Defunct Tyler Technologies unit files bankruptcy
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Bankruptcy filing delays Anita Bryant foreclosure

  Sour Victory - Supreme Beef wins in federal appeals court, but not soon enough to save its plant
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Telecoms:

e.spire prepares for talks with creditors
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Congress fails to approve NextWave spectrum deal
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Dialpad files for bankruptcy
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Sector's Collapse Had a High Human, Financial Toll
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Trouble Ahead For Level 3
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Global Crossing set for crisis talks with lenders
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Shareholders suffer most in bankruptcies - The rules are stacked against the owners - and for the managers
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Austin: Suit alleges embezzlement - Company claims founders concealed millions of dollars in bankruptcy proceedings
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Restructuring . . .

Caterpillar to Reduce Worldwide Work Force by 900 People
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Boeing Plans to Notify 1,737 Workers of Layoffs
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2001 a cold, hard year of job cuts
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Lapin & Wigginton founder feeling the fallout from bankruptcy
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The value of a dime
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Bontex Says Lender Refuses To Extend Jan 26 Maturity
(WSJ: separate paid subscription required)

ACT Manufacturing files for bankruptcy protection
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NYSE fines broker record $429 million
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Older Americans' Debt Burden Grows
As Memories of the Depression Fade
(WSJ: separate paid subscription required)

For Many, a Test of Fortunes and Fortitude
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Dotcoms:

Internet guru Slatkin falls to Earth
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For Dot-Com Success Stories, Failure Became a Fact
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Drkoop.com Isn't Luring Buyers
Despite Its Famous Brand Name
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Bankruptcy Reform:

Plan to Let Nations Declare Bankruptcy Gains
(NYT: separate free registration required)

Congress passes quietly into the night without bankruptcy action
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Power Utilities:

More losers than winners in power play
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PG&E Payment Plan for Receivables Owed to Calpine Is Approved by Bankruptcy Court
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New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

GenSci files for bankruptcy
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Law Firm Restructuring:

Midsize Goodbyes - A Number of Firms Disappear From the Texas Legal Landscape in 2001
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Airlines:

US attacks push airlines to the edge
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UAL says bankruptcy filing not an option
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Sun Country grounding leaves a $70 million trail of debt
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Westar Financial files for Chapter 11 protection
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Bankruptcy laws' importance not limited to bad times
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Novo Networks Provides Corporate Update
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Year's Biz Stories Tell of Crisis
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Startec Receives Court Approval for DIP Financing
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Polaroid:

Polaroid Fears Mass Exit, Seeks Severance
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Digimarc Completes Acquisition of Polaroid ID Systems
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Polaroid's Lump-Sum Pensions Attacked; Retirees Say Plan Being Undermined
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Japan:

Japan Bankruptcies Hit Record as Banks Rush to Dump Bad Loans
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Argentina:

Argentine leader defaults on $132 billion debt
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Some Fault U.S. for Argentina's Fall
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Bankruptcy faces debtor nation
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Argentina's Woes Inflict Little Pain
In U.S. Trading
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Canada:

Prices take biggest drop in 42 years
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Lawsuit bankrupts first diocese - Native residential schools case forces one Anglican group under: How many will follow?
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England:

Lloyd's dissidents to sue Treasury
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