April 18, 2002 

AppliedTheory Files Chapter 11 and Continues Operations While Completing Financial Restructuring
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Maryland: Financier reaches deal in securities fraud case
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DIP Dimensions: Copperweld - Is due diligence in debtor-in possession lending changing?
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Bankruptcy Reform:

HR 333 Action
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IMF chief says U.S. creditor protection would leave poorest countries in peril 

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Grapes could leave bankruptcy by May 22
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Judge approves most of Exide's DIP
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Telecoms:

PSINet Sales to Recover Millions for Creditors
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Hindery Group Made Undisclosed Trades In Then-Valuable Global Crossing Stock
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Ex-Employee Seeks 2004 Exam Of Global Crossing
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McLeodUSA emerges from bankruptcy
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Globalstar loss increases, usage drops
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Telecom problems sting suppliers like Lucent Global Crossing's bankruptcy is example
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McLeod investors watch from sidelines
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EarthCare:

EarthLiquids Acquisition to Move Forward; USFilter Recovery Services to Acquire EarthLiquids as Parent EarthCare Files For Protection
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EarthCare goes bust
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Power Utilities:

Dear Judge Montali
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Judge faces tough decisions in fight over PG&E's future
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PG&E wants it all
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PG&E Corp. Chairman Addresses Shareholders at Annual Meeting
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PG&E investors voice their frustration at shareholders meeting
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Citigroup defeats push to curb severance payments
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Law Firms:

No Business? - Partner-Turned-Headhunter Wants You!
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Dutch Firm, Short on Cash, Fires 85 Lawyers
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Boston Associate Ally McBeal Gets Laid Off
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Ernst & Young Nabs Andersen Legal's French Firm
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Kentucky-Based Hospital Operator Pleased with Post-Bankruptcy Performance
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Adelphia:

Adelphia Communications, Family Owners Still Popular in Pennsylvania Hometown
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Adelphia Communications Announces Formal SEC Order of Investigation
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International FiberCom Gets OK To Sell Assets For $20.35 Million
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Enron plaintiffs build evidence
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Citigroup, J.P. Morgan Role in Enron Bankruptcy Under Review
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Congress opposes a wide Enron fix
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Contour Energy may fall along with Enron, bankruptcy possible
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Indian journalist alleges Enron bribe
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Person of the Week: 'Enron Whistleblower' Sherron Watkins
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Supreme Court:

Spouse's home is fair game for IRS
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The Opinion
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Atlas Minerals Emerges Bankruptcy, Makes Strides in Rebuilding Under New Corporate Structure
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$401m loss at Friede Goldman Halter
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Accounting:

Andersen's liability depends on perception
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Andersen Settlement May Unravel, as Enron Shareholders, Creditors Clash
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SEC plans new accounting watchdog this year
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Bearish Scribe Hunts SEC Data
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Florida State University Dean Questioned Standards for Debt Writeoff
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KPMG considers buying more Andersen assets as beleaguered accountant announces U.K. layoffs
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Andersen Pulls Offers to College Graduates
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Motion To Bar Andersen From Asset Sales Delayed Again
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Andersen Talks on Settlements Remain Stalled
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Defection of Andersen Partners Could Doom Plan to Rescue Firm
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Andersen unravels as efforts to save audit firm drag on
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Negotiations moving slowly for Andersen
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Losing Clients: News Corp., Cyberonics Inc., Perini, WJ Communications, W-H Energy, Pogo Producing, Glyco Genesys, Estee Lauder, Halliburton, John Wiley & Sons, Core Labs,  
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Andersen Willing to Pay $300 Million Settlement, But Problems Still Loom
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Andersen offers $50M to settle suit
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Andersen's UK branch to cut over 1,000 jobs
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Andersen Wrangling Heads for Crunch Time
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Harvey Pitt Says SEC Needs More Workers To Keep Pace
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Opticon Medical Secures Financing for Reorganization
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Roadhouse Grill accepts creditors' push for reorganization
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Polymer Sets Date to Present Restructuring Plan
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State Title trustee wants to sell assets
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Sheehan Memorial files for Chapter 11
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Bankruptcies soar on credit-card wings
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Fighting the taxman
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - Updated April 8, 2002
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Bankruptcy Court Web/Pacer Site Directory

Letter from Delaware: Kaiser rolling over to Newark?
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Hunting VCs - A case in the S.F. courts aims to force venture capitalists to pay up for employees set adrift by a company's bankruptcy
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Proposed Changes to IRS Levy Restrictions During Installment Agreements
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Kmart:

Loans could raise flags with Kmart creditors, experts say
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Texas town tries to save its Kmart from the hit list
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Kmart Papers Show Its Largess Did Little to Keep Executives
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Kmart Loans Draw Blue Spotlight Special
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Kmart seeks court approval for property sales
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Judge Approves Deal to Shut Penske Auto Centers
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Wilkinson's Wife Faces Suit over Loans
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US Trustee objects to confirmation of Motient's reorg plan
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Creditors to Vote on Minneapolis-Based Financial Firm Stockwalk's Reorganization Plan
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Records Reveal Denver Aquarium's Decline, Costs of Bankruptcy Process
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ANC Rental Gets OK To Use Cash Collateral Through Sept 22
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Economy Perks Up, But Challenges Remain for Retail Bankers
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Bankruptcy court holds hearing on sale request for mills
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Clark Material Handling Begins Turnaround
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Brian Harvey Bankrupt
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More Mainers than ever pushed to financial brink
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Honeywell Says Asbestos Verdict Was More Than It Had Disclosed
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Ora Electronics Files For Ch 11 Protection In Calif
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5 Men, One With Political Connections, Are Indicted in $42 Million Bank and Tax Fraud
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SEC's role unclear in Merrill inquiry
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GE unit to buy bankrupt Questron Technology
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Woodinville, Wash.-Based Food Firm Buys Bankrupt Famous Pacific Dessert Company
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Germany:

KirchMedia finds funds; PayTV seeks savior
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Loan Lets Fairchild Dornier Maintain Operations
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German collapses hit record high
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Russia:

Banks More Active but Helping Fewer
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Canada:

East Coast Commodities Files Assignment in Bankruptcy
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Mexico:

Mexican Banks Push For More Asset Recovery Reforms
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