December 7, 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's Canada bid rejected - Judge refuses to halt terminations of Enron Canada's trading contracts
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Nailing Enron
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Potential purchasers enthusiastic about Enron Center South - "The blood is in the water. The sharks are circling"
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Dynegy wants Enron bankruptcy case moved to Texas
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State Pension Funds Consider Suit Against Enron
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Enron loan syndication moving smoothly, sources say
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Calgary's dilemma: not enough lawyers: Standing room only at the Enron insolvency hearing
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Humor: Understanding Enron

Calgary judge nixes Enron Canada bid for business-as-usual injunction
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Don't Pounce on the Enron Bounce
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Ripples from Enron hit downtown Houston
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Amalgamated-Enron Hearing Set
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Companies' Enron exposure estimated at $6.1 bln
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Indian Banks Say Enron Must Settle Debts Before Dabhol Sale
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Moody's downgrades debt of Enron's Azurix
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Nowhere to hide for Enron Canada: Court rejects appeal to keep gas, power contracts in place
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U.S. workers invest heavily in employer stock
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Enron's benefit rules prompt federal inquiry
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Enron Collapse Endangers Visa Status for Some Employees
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Outrage at Enron's $55m bonuses
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Enron Employees Look to Move On
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Sale hopes for Enron may come unplugged
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Enron workers try to shake off shock - Company's promise of $4,500 in severance pay not yet fulfilled

Dabhol: DPC completes sacking of remaining employees
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U.S. Bancorp cuts bank estimates
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Justice Looking at Enron
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Ex-workers at Enron look back, ahead
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Enron expected to bail out of Latin America to raise cash: Assets mostly in Brazil: Divestitures not expected to fetch very big money
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Laid-off Enron Workers Learn Legal Rights, but Many Still Angry
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U.S. Probing Enron Labor Practices
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Enron's demise leaves huge void for area's nonprofit community
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Enron Bankruptcy Rocks Insurance Industry Already Hard Hit by Sept. 11
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Dynegy Says Has Enough Capital, Liquidity
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Regulator concerned with Enron buy recommendations
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Enron Layoffs Prompt Web Sites
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Enron casualties difficult to pin down
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S&P: Unlikely Systemic Risks From Enron
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House panel may use subpoenas in Enron probe
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Polaroid, in Chap 11, Seeks Exec Bonuses
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Illinois business, personal bankruptcy filings jump 14%
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Burlington Motor Carriers Executives & Partners To Submit Bid To Purchase The Company
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Judge approves Loewen's Chapter 11 exit
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  Wachtell Lipton, Fortgang part ways
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It's banner year for bankruptcy
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Bankruptcy Reform:

Bankruptcy Reform Bill Is Where It Belongs: Shelved
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Telecoms:

NextWave settlement unlikely to pass in time
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House Panel Questions Nextwave Settlement
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Verizon calls NextWave deal best possible result
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Government's proposed deal with NextWave over wireless spectrum met with skepticism on Capitol Hill
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Arch Wireless plans bankruptcy with creditors' backing
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Lawmakers Chafe At NextWave Settlement Deadline
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FCC's Powell defends NextWave settlement
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@Home CEOs: Glass always half full
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AT&T;Works to Resolve Its Internet Woes
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AT&T May Buy Network Assets as Firms Falter
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Arch files for bankruptcy, reaches creditor pact
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Landlord Files Suit Against Savvis
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High-speed cable providers neglect patrons
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California ISP Association Predicts More Excite@Home Debacles if Pending Telco Bill Becomes Law
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Airlines:

United Airlines' mechanics to vote on strike
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National's chance of gaining a federal bailout loan analyzed
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Swissair unsecured creditor claims 12.4 bln sfr
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Omnicare to buy Mariner Health unit in bankruptcy sale
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Law Firm Restructuring:

Grinch Steals UK Firm Xmas Parties
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Power Utilities:

PG&E moves to repay some creditors
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FERC halts Calif power refund case indefinitely
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PG&E judge sets state law hearing
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Calpine Announces Agreement Establishing Payment Plan From PG&E
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California Pays Its Grid Operator
$404.8 Million for Power Purchases
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e.spire Agrees to Sell Internet Subsidiary
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Steel:

LTV reaches tentative deal to shut down
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Steel Co. Decries 'Bailout' Bid
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Lawmakers: LTV aid near passage
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Deal buys time in battle to save LTV
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Federal Panel to Meet on Steel Trade
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Union forges pact to delay shutdown of LTV
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USWA, Community Leaders Prevent Immediate Cold Shutdown of LTV Steelmaking
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Newport Creamery:

Offers for Newport Creamery chain on judge's plate
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Creamery auctioned for $1.55 million - Three bidders drive up the price in a suspense-filled exchange in U.S. Bankruptcy Court
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

BMK to pay prime plus 2% on DIP
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Auditor Accountability:

Auditors Face Scant Discipline - Review Process Lacks Resources, Coordination, Will
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Congressman adds to pressure on SEC
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Under Pressure, Auditors May Look Other Way
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Two Failures With a Familiar Ring - Arthur Andersen Audited Foundation, S&L That Collapsed
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After Enron, New Doubts About Auditors
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Two SEC Views of Industry - Ex-Head Levitt Attacked; New Chief Pitt Vows Respect
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Fed's McDonough Unsure if the Worst Is Over For Economy
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Sunbeam to Close Part of Mo. Plant
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Bankruptcy courts brace for record case filings
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Oilman's accountants sue son over disclosures
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Dot-Com Death Count Toll Hits 15-Month Low
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AMC To Acquire General Cinema
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Planet Entertainment Corporation Files For Chapter 11 Protection
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Legg Mason Wood Walker, Inc. agrees to pay USD1.78 million to Monica L. Coleman Investors
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National Rural Utilities Placed On Watch Neg; Largest Borrower Files Telco Sub For Bankruptcy
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Simplified Employment Announces Plan to Emerge From Chapter 11 Bankruptcy
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Assisted Living Concepts, Inc. Reports Confirmation of Plan of Reorganization
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Washington Regulator Questions Use of Credit Scoring
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Exclusive Use Provisions: Restaurant Doesn't Want Competition in Same Shopping Area From Tenant Assigned Lease From Bankruptcy Estate
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Retailing:

Retail sales at 10-year low
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Retailers Report Lackluster Sales
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Gap Sales Plunge 25 Percent in November
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National Record Mart nears final days
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U.S. Bankruptcy Judge Orders Conversion of TCPI Bankruptcy From Chapter 11 To Chapter 7; James S. Feltman Appointed Trustee
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Giants fan triggers rejection of advertising contract, knocks Webvan ads and logos out of Pac Bell Park
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Resources Abound for Consumers Dealing with Climbing Debt
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More Bank Customers Opt Out of Financial Data Sharing
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Canada:

Personal bankruptcy a fresh start or black hole?
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Mexico:

Fitch Expects New Bankruptcy Law To Improve Mexican Creditor Rights
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Argentina:

Argentina seizes pension funds
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Argentina - state of pre-bankruptcy
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Japan:

Collapse of Japanese Builder Raises Fears for Bank Sector
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Japan 3rd-Qtr GDP Fell 0.5%; Back in Recession
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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.