December 4, 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:

Case to call on a wealth of experience
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Enron bankruptcy judge heard more high-profile cases
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N.Y.'s record lures Enron bankruptcy
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Boy wonder
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Enron's epoch
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Lenders lining up, but hard fight looms
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Enron lays off 4,000 - Many ex-employees feel betrayed and angry
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Energy trader's comeback given little chance
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Filings Don't Shed Light On Bks' Enron Exposure
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Enron's Fall
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Enron's 'Con'
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Rabble Babble
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Enron and banks discuss joint venture
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Enron tries to resurrect trading - But former clients staying away
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Canadian arm distances itself from 'hysteria': Enron Canada 'solvent': Seeks court order to keep counterparties from backing out
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Enron's telecom trading system worth pennies
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In tit for tat, Dynegy says it will sue Enron - Would-be buyer says stock price, business harmed
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Texas boots Enron from state power grid
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Bankruptcy of Energy Giant Enron Could Affect National Pastime; Gardere Asks What to Call "Enron Field"?
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Standard Power & Light plans Enron bid
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'Mark to Market' Accounting
Is Under Increased Scrutiny
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Free Lessons on Corporate Hubris, Courtesy of Enron
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Some saw red flags, sold Enron short
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Philippines May Buy Out Enron Pacts; Large Discount Eyed
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Enron Receives Approval of 'First Day Orders'
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Investors see value among Enron's distressed assets
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Wall Street 10005
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Bankruptcy sparks selling on Wall Street
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Now is the time for creditors to vie against each other
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Dynegy countersues Enron
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Enron: Suez shows interest in some assets
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Enron: A Wake-Up Call
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Indian Government To Seek Legal Advice About Effect Of Enron Bankruptcy On Dabhol Plant
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Woes leave Enron Field's name in question
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Enron Readies For Layoffs, Legal Battle
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Q&A on the Enron bankruptcy
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Enron Takes 1st Steps in Bid to Negotiate Bankruptcy
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Enron case could take three years
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Credit markets - Impact broad but well contained
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Oil giant collapse leaves banks crying over spilled cash
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(cont.)

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  Enron (cont.)

Mutual funds hurt by Enron's fall
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Enron Australia appoints administrator, seeks buyer
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Hugs, tears, and anger as Enron sends workers home
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As Enron Heads to Bankruptcy Court,
Creditors Look for Their Advantage
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Enron secures $1.5bn in new financing
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Authors who celebrated Enron's radicalism still see much to admire. Others see its creative turmoil as unmanageable over the long term
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Unwinding the web of litigation to take years
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Markets Rattled - Financial Institutions Play Down Exposure
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Enron bomb blast
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Enron saga's ripple effect in India
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Pain of bankruptcy to hurt many others
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Investor alarm over bank exposure to Enron as filing reveals pounds 22bn of debt
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Spotlight put on credit-derivatives market
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Analysts expect Enron to sell Brazil assets
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Debit-card use outstrips credit cards - Banks take steps to encourage consumers’ shift
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Airlines:

Top 3 Carriers Get Most Federal Aid
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Flight 2 is TWA's last act in air travel
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World has too many airlines: IATA boss: Consolidation needed
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New Belgian airline faces cash twist
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Bankruptcy Reform:

No time for reform - Congress' plan to go ahead with bankruptcy legislation a 'slap in the face' during these times
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___________________

Warnaco Group Inc.: Bankruptcy court ruling allows for worker bonuses
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Ohio retailer buttons up deal to re-open The Custom Shop
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Steel:

LTV's Fate Will Be Determined Tuesday
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Republic Announces Agreement in Principle With United Steelworkers, Amendment to Financing Agreement
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It's a tough time to be in charge of steel union
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Former LTV boss critical of politicians, defends management decisions
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_____________________

Telecoms:

AT&T-At Home legal storm may erupt
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McLeodUSA Warns May File for Bankruptcy
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Excite agrees to keep high-speed service running
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Interference
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Comcast Outlines Deal
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At Least 4 Submit Bids for AT&T Broadband
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Excite Aid Helps Maintain Access
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Microsoft Joins Battle For AT&T Broadband
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Cable-Modem Users Can't Turn to FCC
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FAQ: Answers for Excite@Home customers
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___________________

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

IPO Litigation:

IPO suits could cost firms $5 billion - The latest IPO boom — suits alleging abuses by underwriters
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How IPO horse trading worked - Lush profits from offerings wended their way back to CSFB
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_____________________

Private Mortgage, seeking $10M, gets nod to sue Michigan bank
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Music retailer may close 4 Hawaii stores
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Fed Courts May OK High-Tech Filing
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Polaroid:

Digimarc buys Polaroid's ID business
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Digimarc to Buy Polaroid ID Card Unit
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___________________

Decision against bankruptcy petition preparer upheld
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Movie Gallery to acquire 320 stores in Video Update deal
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Tyco Healthcare Buying Diaper Maker
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Don’t expect economy to bound back
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Power Utilities:

PG&E plan not without detractors
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Edison to Pay Renewable Energy Firms
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_____________________

Tyco, GE Capital head bidding for Comdisco unit
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Bankruptcy boom bypasses Austin -- so far
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Credit burden - Debt counselors feel squeezed by stiffer competition, reimbursement cuts and stringent bankruptcy legislation
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Argentina:

Financial limits anger Argentines - Banks reconfigure cash machines, restrict withdrawals
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Argentines crowd into banks after partial freeze on cash
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Argentina nears the endgame: Politicians are trying to deny the possibility of another financial meltdown, but the truth is that time is fast running out
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___________________

England:

Barclays refuses to disclose exposure
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Brainspark could be liquidated
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Connolly sheds jobs and closes American venture
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____________________

Australia:

Failed Traveland May Sell Up To 50 Branches
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______________________

Japan:

Japanese economy worries contribute to Tokyo slide
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___________________

Armenia:

Armenian leader signs law on bankruptcy of banks
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___________________

Korea:

South Korean execs will pay
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Daewoo Motor's Suppliers To Halt Providing Parts Dec 11
(WSJ: separate paid subscription required)

________________

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