December 28, 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 DIP hearing delayed
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Enron: Senate's Secret Santa?
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Bigshots at Enron keep pulling those end runs
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Enron filing fouls severance deals
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As banks seek cash, Enron's financing deadline extended
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The Distorted Numbers at Enron
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St. Paul Cos. Files Counter Suit over Enron Contracts
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Enron DIP loan paperwork deadline delayed
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Enron Defends Timing of Checks for Democratic Lawmakers
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Ohio Official Wants Employee Pensions to Get Leadership Role in Enron Lawsuit
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Enron didn't forget politicians
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Blow for Enron as Dollars 1.5bn rescue deal is delayed
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Enron Asks Court to OK Asset Sales
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Enron generous to congressional campaigns, if not to lowly workers
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Credit Quality of U.S. Corporations Declined in 2001‚ Should Improve in 2002
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Warnaco says DIP loan cut to $475 mln
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Dotcoms:

2001 Dot-Com Death Toll Doubles
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Internet Reconstruction: Assets Going for a Song
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Globix in Bankruptcy Talks, Shares Sink
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Globix Negotiating With Bondholders, May File for Bankruptcy
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Verio tells workers to expect more job cuts
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IWon.com Says Excite Takeover Done
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Failed Dot-Coms Got Too Much Money Too Soon
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E-Commerce 2002: Where Will the Axe Fall?
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Office boom goes bust, SF Bay Area commercial rents suffer record slide
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2001: Bad to worse for Pa. business
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FHA Scores Fall Sharply
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  Debtors File Bankruptcy in Record Numbers
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IT Group:

IT Group nearing meltdown
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IT Group Considers Chapt. 11
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Law Firm Restructuring:

Flatline for Raises
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Will Simpson Follow Davis Polk's Lead?
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Top-Tier New York Firms Pay Big Bonuses Despite Economy
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S&P’s Economist Warns on U.S. Credit Card Debt
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Credit quality may improve after hitting 10-yr low
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Power Utilities:

Pacific Gas & Electric gets approval to settle claims
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Power's On--But The Cost!
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SoCal Edison: On track to secure bridge loan, pay debts
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Telecoms:

Creditors say Nortel must cut losses, turn profit
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Global battles to avert bankruptcy
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Bankruptcy Reform:

AFP Writes Oxley to Push Bankruptcy Bill
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US junk bonds poised for recovery in 2002--finally
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Diamond Brands seeks 90-day added exclusivity extension
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Search for lost Nevada insurance money nears end
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M&A Bankers Set Their Sights on Smaller Deals, Cash Buyers
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Heavy Debts Drag Down Borrower's Family, Too
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Banks Try to Prevent Problems with Loans in Current Economy
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Global Crisis Bankrupts American Steel Companies
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Bondholder Distribution Payments From Covad Communications
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Airlines:

Former Sabena Bank to Appeal Court Ruling Removing Bankruptcy Protection
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America West awaits crucial loan guarantees decision
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US Airways Struggles to Survive through a Disastrous 2001
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America West's future uncertain as debt deadline looms
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Airline Woes Spread Into '02, Upturn Seen
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Loan plan for airlines draws fire
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Low-cost operators thrive as rivals crash
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Turbulence in the air
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Japan:

Japan's Jobless Rate at Record High, Outlook Bleak
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Reports: Japan PM to Bail Out Banks
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Bankruptcy up as banks fail in rescue efforts
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Top Japan bank shares surge, a regional bank fails
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Consumer Prices Fall in Japan
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The Yen's Relentless Downhill Slide
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Korea:

Court orders Samsung execs to compensate firm for mismanagement
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Germany:

New Economy Companies Lead Wave of Bankruptcies
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Australia:

Personal bankruptcy rate to jump 36%
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England:

Insurance test case may aid Equitable creditors
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Independent Insurance's creditors to sue FSA
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