December 6, 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 paid big bonuses before bankruptcy
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Filing seeks to transfer Enron case to Houston
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Amalgamated Bank slaps suit on Enron executives
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Enron Pays $55 Million to 500 Staffers
Whom It Considers Critical to Survival
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Enron seeks financial partner for energy trading unit
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Enron Bankers Await Commitments for $1 Bln of Loans
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Banks can't walk away from Enron
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Energy Traders Continue to Prowl the Floor That Enron Helped Build
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Enron shares climb again, but analysts are wary of solid rebound
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Enron Troubles Hurt Indian Banks
As Investors Worry About Dabhol
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Enron sells Canadian power assets
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Dozens of firms oppose Enron Canada's survival bid
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Enron collapse raises questions for corporate bond buyers
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Enron Lawsuits Pile On Shareholder, Employee Class Actions Lead Litigation Fray
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House Energy Panel Meets with Enron Auditor
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Enron leaves deep crater
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Before crashing, Enron gave off lots of smoke
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Gas pipelines end up as Enron's main assets
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New Power Co Terminates Enron Contracts
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University of Houston Faculty Available to Comment on Next Phase of Enron Bankruptcy
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Enron Rally Confounds Experts Who Say Stock Worthless
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Enron VC units had some bad habits
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S&P Comments on Enron Ratings Impact for U.S. Insurers
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Enron Execs Got $55 Million Just Before Bankruptcy
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DIP Dimensions: Enron Corp. - The Biggest DIP Facility Ever
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Enron briefs
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Enron Bonds Climb as 'Vultures'
Detect Value Among the Ruins
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Public Interest Law Firm Will Scrutinize Political Contributions, Influence and Decisions to Investigate or Indict Responsible Officers
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Labor Dept. to probe Enron's retirement plan
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Enron Hearing Set For Dec. 12 Before Two House Panels
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The undoing of Enron
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'American success story' forced to trade for its life in courtroom
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Smaller Enron may survive, analysts say
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Enron probe will examine industry-wide impact
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Enron Trading Business Disappearing as Outlook Dims
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Fund's Value Is Marked Down
Due to Losses Related to Enron
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Enron star unit loses large clients
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N.Y. Bank Sues Over Enron Stock Trades - Pension Adviser Says Officials Sold Shares Before Bad News
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Enron Employees Locked Out Of Retirement Money - Illegal?
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3 More Enron Units File Chapter 11 Petitions
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Congressman wants Cheney to provide details of any Enron meetings
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Fate of Enron Canada in the balance as courtroom battle rages
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Fed's Meyer-Enron's financial activities significant
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Japan MMF industry to tighten rules after Enron
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Enron Could Trade Energy Again With Right Backer
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__________________

  Building A Bankruptcy Practice By Thinking Like A Businessman
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Law Firm Restructuring:

Firms, Not Law Students, Are in Driver's Seat
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VLG Slashes Salaries for Associates - Competitors say they aren't likely to follow
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Judge approves Loewen's Chapter 11 exit
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Courts compete for high-profile bankruptcies
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Steel:

Steel consolidation hits pension snag
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Judge Delays Decision on LTV Shutdown Request
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Congressmen Testify in LTV Case
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Bethlehem, USX talking merger
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LTV seeks permission to stop steel production
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Nucor chief opposes steel-consolidation plan
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Steel Firms Shares Surge on Speculation
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Political Steel
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___________________

IPO recusal motion backfires
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Fruit of the Loom:

Break up fees cut in Fruit of the Loom deal
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Judge Sets Fruit of the Loom Auction Date
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______________________

Bankruptcy Judge Could Make Decision in Rhode Island Restaurant Bid
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Hayes Lemmerz:

Hayes Lemmerz rolls into bankruptcy
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Hayes Lemmerz files bankruptcy in Delaware
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Automotive Supplier Files Ch. 11
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Lason:

Lason submits pre-arranged bankruptcy filing
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Information mgmt provider Lason Inc files bankruptcy
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_____________________

Assisted Living to exit bankruptcy Jan. 1
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Federal-Mogul seeks to hire banker to sell camshaft business
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Bankruptcy Case Drags On for West Carrollton, Ohio-Based Furniture Chain
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Comdisco Announces Workforce Reduction; Cuts Staff by 10% as Part of Ongoing Cost Reduction Efforts in Chapter 11 Reorganization
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Ames plans to close 54 stores
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U.S. bankruptcies near record
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Hagerstown fiber plant bankruptcy auction OK'd
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Power Utilities:

PG&E bankruptcy plan approaches key hurdle
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____________________

Airlines:

Midway Prepares to Fly Again - Bankrupt Airline Midway Gets Permission to Lease Passenger Jet for Planned Return to Air
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Midway Air, pilots reach deal on revised contract
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Bankruptcy Court Approves Plan for Las Vegas-Based National Airlines
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State of Disunity at UAL
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Sun Country loses Milwaukee business, bankruptcy speculation heats up
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Restructuring . . .

CNA Financial Cuts Jobs, Sets Charges
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Agere to cut 950 more jobs
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_____________________

BMK Receives Approval of First-Day Orders
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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 - Asbestos transplants
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Telecoms:

Excite@Home's fatal blunder - It wasn't supposed to end this way
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Blunders aplenty in AT&T, @Home talks
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End of the line for Excite@Home
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@Homeless, AT&T Charts New Net Course
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Excite@Home bondholders to sue AT&T
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Arch Wireless Faces Deadline
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Telergy to liquidate
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The end of the revolution will not be televised
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WorldCom closes Rhythms DSL deal
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@Home contracts await Friday decision
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Sen. Hollings Objects to NextWave Pact
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Excite At Home Employees Expect Layoffs As Company Saves Cash Before Shutdown
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I am the broadband Bermuda Triangle - Internet service providers beware: I have powers to invoke bankruptcy beyond the ken of mortal man
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Critics take case against NextWave to Congress
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Feeling the Knife - Faced with tighter budgets, state courts are cutting back
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FBI Shows Little Interest in Prosecuting Loan Fraud
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Chiquita creditors likely to sell - Bondholders to get stock, then exit quickly, lawyer says
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Homeland Grocery Stores Begin Going Out of Business Sales On December 5
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Orange County, Calif., Bankruptcies Down
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Struggle With Heavy Debt Load Seen Worsening In US
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Manufacturers Are Showing
Some Faint Signs of Recovery
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Polaroid aims to give bonuses to executives - Calls plan crucial in wake of bankruptcy
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Court Upholds Reduction of Appleton, Wis., Bankruptcy-Petition Preparer's Fee
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We're broke
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Ford:

Ford Is Increasing Credit Loss Reserves
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Ford Warns on Earnings
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Moody's Confirms Ford/FMC Rating - Outlook Remains Negative
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___________________

Amazon Buys Egghead in Bankruptcy Deal
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ANC Rental can lease cars, extend cash collateral use
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Federal debt protection law hearing
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Bangor & Aroostook in bankruptcy protection
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Japan:

In Kansai's Woes, a Warning of Pitfalls for Japan
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Japan's homeless jump as recession looms
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Japanese builder Aoki files for court protection
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____________________

Canada:

Canadian Churches May Face Insolvency - Child Abuse Claims Take Financial Toll
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GrowthExperts Group Files an Assignment Into Bankruptcy
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____________________

Argentina:

Argentina Scrambles for Cash
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IMF Dashes Argentina's Cash Hopes
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.