April 1, 2002 

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 Offering Up to $130 Mln in Bankruptcy Bonuses
(DBN Subscription Required)

The Scarlet 'E' - Will 5th Circuit Nominee Be Able to Get Out From Under the Enron Cloud?
(DBN Subscription Required)

Enron Undressed?
(DBN Subscription Required)

Living in a House of Cards - Rank-and-file employees suspected something was wrong at Enron. Now they want someone to pay.
(DBN Subscription Required)

The man who almost bought Enron
(DBN Subscription Required)

Washington County, Texas, Judge Sets First Enron-Related Trial for March 2003
(DBN Subscription Required)

Famed Examiner a Key Player in Enron Saga
(DBN Subscription Required)

Houston Analyst, Longtime-Enron Critic Blasts Company's Management for Fraud
(DBN Subscription Required)

Bankrupt Enron No. 5 in Fortune 500 list
(DBN Subscription Required)

Look inside for trading tips
(DBN Subscription Required)

Enron Creditors Seeking Examiner For Natural Gas Unit
(WSJ: separate paid subscription required)

Enron says it must pay bonuses
(DBN Subscription Required)

After Enron, Lawmakers Look for Legislative Remedies to Safeguard Workers
(DBN Subscription Required)

Investors in partnership fight to keep Enron-related assets
(DBN Subscription Required)

SEC says it accepts Enron's revised Cooper contract
(DBN Subscription Required)

Enron plans to sell Spain plant
(DBN Subscription Required)

401(k) fight raging over conflict fears
(DBN Subscription Required)

Enron exec's family wants suicide note kept private
(DBN Subscription Required)

Blind faith led Enron workers astray
(DBN Subscription Required)

The Fault, Dear Investors, Lies in Ourselves
(DBN Subscription Required)

Enron: From Riches to Rags
(DBN Subscription Required)

__________________

Asbestos claims threaten auto industry
(DBN Subscription Required)

Telecoms:

XO Communications says bankruptcy is imminent
(DBN Subscription Required)

Icahn May Be Within Reach of XO,
Besting Forstmann With New Offer
(WSJ: separate paid subscription required)

XO Mulls Icahn Offer, May File Bankruptcy
(DBN Subscription Required)

Banks Exit Big Global Crossing Deal,
Citing Firm's Financial Difficulties
(WSJ: separate paid subscription required)

Enron Shareholders' Rocky Road
(NYT: separate free registration required)

Small-Town Utilities Fear Losses of Global Proportion
(DBN Subscription Required)

Williams Cos. Settles Financial Obligation with Williams Communications
(DBN Subscription Required)

Cogent snaps up PSINet assets for $10M
(DBN Subscription Required)

_________________

NTL:

NTL calls Chapter 11 report "speculation"
(DBN Subscription Required)

TV firms send out SOS
(DBN Subscription Required)

NTL expected to default on Dollars 96m interest payments
(DBN Subscription Required)

________________

Florida Jail Releases Former Owner of Bankrupt Rhode Island Restaurant Chain, Newport Creamery, on Bail
(DBN Subscription Required)

2 former execs of bankrupt car finance firm face fraud charges
(DBN Subscription Required)

Judge Approves Actions in Bankruptcy Case of Tennessee Cancer Treatment Firm
(DBN Subscription Required)

Watching the credit card detectives
(DBN Subscription Required)

The Plastic Surgery Company Files for Chapter 11 Protection
(DBN Subscription Required)

Tab in Missouri Cattleman's Bankruptcy Case Under Scrutiny
(DBN Subscription Required)

Swearing in as district judge will be milestone for ex-bankruptcy judge

Besieged Maxwell: Give me 15 days
(DBN Subscription Required)

Echoes of Enron at paper company
(DBN Subscription Required)

Protection of assets requires legal assist
(DBN Subscription Required)

Goldman Sachs may face bond-related SEC charge
(DBN Subscription Required)

Economy:

Jump in spending suggests robust US recovery
(DBN Subscription Required)

__________________

Printer Files For Bankruptcy
(DBN Subscription Required)

Hot deals or headaches? - Bankruptcy can offer some bargains in real estate, but not without risks
(DBN Subscription Required)

Banks hunt al-Qaeda 'sleeper' accounts
(DBN Subscription Required)

Planning, organization key to Chapter 11 survival
(DBN Subscription Required)

Bank avoids loans battle - Standard Life offshoot agrees to compensate 6,000 mortgage customers
(DBN Subscription Required)

Could Someone Steal Your Identity? - It’s easier than you might think, and it’s one of the fastest-growing crimes in the country
(DBN Subscription Required)

Do You Plan to Retire? Think Again
(NYT: separate free registration required) 

  Kmart:

Kmart Loses $753 Mln in Weeks After Bankruptcy Filing
(DBN Subscription Required)

Kmart's key to survival
(DBN Subscription Required)

Dissatisfaction hurting Kmart - Messy stores send customers away, imperil survival
(DBN Subscription Required)

___________________

Accounting:

Andersen partners to take pay cut
(DBN Subscription Required)

Arthur Andersen Talks Haven't Produced Settlement
(DBN Subscription Required)

Andersen insurer backs out of Arizona legal settlement
(DBN Subscription Required)

Andersen Insurer Is Made Insolvent
After Firm Misses Premium Payment
(WSJ: separate paid subscription required)

When the Whole World Is Watching
(DBN Subscription Required)

Banks Set Credit Line for Andersen
(WSJ: separate paid subscription required)

Generally Accepted Accounting generally fuzzy
(DBN Subscription Required)

Andersen's angry accountants
(DBN Subscription Required)

Deloitte Caymans, Auditor of Ponzi Debtor, Loses Fight to Avoid US Jurisdiction
(DBN Subscription Required)

Andersen senior partners lead reform - Governing board will oversee process when put in place
(DBN Subscription Required)

Andersen to split its 2 functions
(DBN Subscription Required)

Insurer unable to pay settlement
(DBN Subscription Required)

Judicial Jitters - More Charges to Come?
(DBN Subscription Required)

Auditor Talks With Investigators
(WSJ: separate paid subscription required)

A guide to earnings abuses
(DBN Subscription Required)

Andersen partners aim to tough it out
(DBN Subscription Required)

Two partners will lead Andersen transition
(DBN Subscription Required)

CPA in House suggests leniency for Andersen under Volcker

With pro forma, almost anything is possible
(DBN Subscription Required)

Scrutinize This! - Accounting professor to investors: Put on your eyeshades and sharpen your pencils
(WSJ: separate paid subscription required)

Safety-Kleen Sues Auditor PricewaterhouseCoopers
(WSJ: separate paid subscription required)

Andersen reneges on Baptist payout
(DBN Subscription Required)

Andersen U.S. partners hold closed circuit meeting
(DBN Subscription Required)

Joining KPMG Is Tough for Andersen Unit
(WSJ: separate paid subscription required)

Unilever paid PwC consulting fee of E60m in 2001
(DBN Subscription Required)

SEC studies Robotic's accounting practices
(DBN Subscription Required)

The Question Remains: Will Andersen Fall?
(DBN Subscription Required)

Volcker to wait for more organized bus
(DBN Subscription Required)

Australia: Agony and irony stalk auditors
(DBN Subscription Required)

Profit reform could reveal more skeletons
(DBN Subscription Required)

Centex fires Andersen, hires Ernst & Young
(DBN Subscription Required)

GAAP has its shortfalls, but result is clearer
(DBN Subscription Required)

Andersen gives unlisted firms a chance to shine
(DBN Subscription Required)

Coach Helps Andersen
(DBN Subscription Required)

Equifax the Latest to Replace Andersen
(DBN Subscription Required)

Andersen out to save "core"
(DBN Subscription Required)

Andersen's Advice Poor, Lied On Web
(DBN Subscription Required)

Out of Control at Andersen
(DBN Subscription Required)

Congress races to regulate auditors - Observers: Bills could do more harm than good
(DBN Subscription Required)

Andersen’s Asian units agree to pursue merger talks
(DBN Subscription Required)

Northwest timber firm Weyerhaeuser may dump Andersen
(DBN Subscription Required)

Tall Paul Rescue
(DBN Subscription Required)

Here's your hat, what's your hurry: Domino's Pizza fires Andersen
(DBN Subscription Required)

Battered Andersen backs Volcker split-up plan
(DBN Subscription Required)

Andersen hunts ways to duck Enron mud
(DBN Subscription Required)

Andersen's Portland, Ore., Office Weathers Scandal
(DBN Subscription Required)

Ernst & Young to absorb Andersen Australia
(DBN Subscription Required)

Andersen partner still fighting
(DBN Subscription Required)

Xcel replaces Andersen
(DBN Subscription Required)

Lands' End Drops Andersen for Ernst & Young
(DBN Subscription Required)

___________________

Former IT Group CEO swoops in with rival bid
(DBN Subscription Required)

Judge Arthur Spector Joins Berger Singerman
(DBN Subscription Required)

The Sound at Napster: Tick, Tick, Tick... Bankruptcy A Possibility
(DBN Subscription Required)

Denhart properties still looking for buyer
(DBN Subscription Required)

 

New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Jobs - Last Updated April 1, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Jay Alix refines corporate rescue
(DBN Subscription Required)

Associates Owe Employers Limited Fiduciary Duty
(DBN Subscription Required)

Take a Letter ... Not! - Technology is changing the nature of legal secretaries
(DBN Subscription Required)

Pen Holdings Files For Bankruptcy
(DBN Subscription Required)

Is Orwell Your Banker? - Financial-services companies track every dollar you spend
(DBN Subscription Required)

Airlines:

New plan filed for Fine Air
(DBN Subscription Required)

New Swiss Airline, Emerging From Bankruptcy, Returns to Skies
(DBN Subscription Required)

__________________

Adelphia:

Rigas has some explaining to do - Wall Street wants to know the precise details of Adelphia Communication's loans to partnerships owned by the Rigas family
(DBN Subscription Required)

Adelphia Considers Selling Assets
After Revealing $2.3 Billion Debt
(WSJ: separate paid subscription required)

____________________

Steel:

Agency rescues pensions for 82,000 - Seizure of LTV plans is biggest by U.S.
(DBN Subscription Required)

Steelmakers profit with a different tack
(DBN Subscription Required)

Domestic steel prices head higher
(DBN Subscription Required)

Couple is finding new worry
(DBN Subscription Required)

____________________

Plans made for sale of aluminum smelter; hopes raised for jobs
(DBN Subscription Required)

Businesses Sing Bottom-Line Blues
As Profit Crunch Haunts Recovery
(WSJ: separate paid subscription required)

Debt manager can add to debtor's burden
(DBN Subscription Required)

Credit counseling can help you out of financial hole
(DBN Subscription Required)

Building better boards - Steps companies must take to ensure directors are forewarned of potential problems
(DBN Subscription Required)

Follow 'Be prepared' code in case software licensor goes bankrupt
(DBN Subscription Required)

Georgia: Predatory lending bill due support, approval
(DBN Subscription Required)

How April made fools of us all - Crash of the new economy: Two years ago this week the dotcom bubble burst, undermining the 'new paradigm'. Are we wiser now?
(DBN Subscription Required)

AMC Completes Purchase of GC
(DBN Subscription Required)

Dictaphone Exits Bankruptcy
(DBN Subscription Required)

Bankruptcy looms for troubled ObjectSpace
(DBN Subscription Required)

Church, creditors a choice
(DBN Subscription Required)

Law Firm Restructuring:

The Perfect Storm - Events combined to decimate M&A work in 2001
(DBN Subscription Required)

Desperately Seeking Insurance - Soaring malpractice coverage rates have lawyers up in arms
(DBN Subscription Required)

___________________

England:

Taxpayers lose out to keep Byers on slippery track
(DBN Subscription Required)

ITV's biggest turn-off
(DBN Subscription Required)

Bank that turned bounty hunter
(DBN Subscription Required)

First division clubs form queue to bankruptcy

____________________

Germany:

Kirch Creditors to Restart Rescue Talks Next Week
(DBN Subscription Required)

____________________

Japan:

Crunch time for Japanese bank system
(DBN Subscription Required)

Survey likely to show Japan on verge of recovery
(DBN Subscription Required)

Japan Ends Blanket Deposit Coverage, Pushes Banks Out of Nest
(DBN Subscription Required)

Midsize Japanese construction company to go under
(DBN Subscription Required)

Savers waking up to the need to protect assets
(DBN Subscription Required)

Japan's worrying shortage of corporate turnaround experts
(DBN Subscription Required)

Nissan Construction files for court protection
(DBN Subscription Required)

__________________

Argentina:

Panic in the Pampas
(DBN Subscription Required)

Argentines Feel Misled by U.S. Banks in Crisis
(NYT: separate free registration required)

__________________

Australia:

Sky was the limit: Peek has a second crack at bankruptcy
(DBN Subscription Required)

____________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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 2001-2002  [BKINFORMATION.COM]. All rights reserved.