April 22, 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

         
Bankruptcy Reform:

On bankruptcy bill, Biden has more than one constituency
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DJ. UK's Brown: Backs IMF Sovereign Bankruptcy Proposal
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Bondholders Pan International Bankruptcy Plan
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G-7 Leaders OK Debt Crisis Plan
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A Global Chapter 11?
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Accounting:

Andersen, Prosecutors May Revive Settlement Talks,
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Andersen's Tug of War With Justice
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Andersen Closer to Demise as Settlement Talks Fail
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Partner Says Andersen Feared Probe
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Many accountants had misfortune of working for both firms
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Obstruction roots deeper at Andersen, says former partner
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Deloitte to Offer Jobs to 200 Andersen Tax Partners
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Corporations Aren't Criminals
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Sharing pain with Andersen
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KPMG's issues
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Volcker Is Seen as Likely to Step Aside at Andersen
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SEC's Pitt: Harsh Treatment for Cos.
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Enron's Accounting Firm May Be Headed To Trial
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Exclusive On-Camera Interview With Lead Attorney for Arthur Andersen
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Options Dwindling, Andersen Assesses Survival Odds
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L.A. Andersen Partners Talking to Rival Firms
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Baptist-Case Jury To Be Told Of Andersen Cover-Up Motive
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Fox Paine Ends Talks to Buy Andersen Unit
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EXDS Files Bankruptcy Plan to Liquidate Assets to Pay Creditors
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Berkshire gets final OK for Fruit of the Loom
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Lawyers Not Creditors Under U.S. Truth in Lending or Equal Credit Statutes
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Airlines:

U.S. Airlines Tally Up More Than $2.4 Billion in Quarterly Losses
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US Airways to apply for rescue plan
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Dallas-Based Air-Cargo Carrier Kitty Hawk Ends Dispute with Aircraft Lessor
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  Kmart:

Bankruptcy takes Kmart off the list
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Enron:

Enron president quits
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''It's not unusual in a bankruptcy to have a lot of shifts in leadership"
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Government won't bow out of prosecuting Enron case
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Enron Turns Over Retirement Plans To State Street
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Enron sees brighter prospects for survival
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Bankruptcy judge removes Enron officials from control of pension plans
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The Enron Rip-off - Congress hears details of the energy giant’s shams during California’s manufactured energy crisis
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Enron Holder Betters Odds by Getting Preferred Stock
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Enron Asks for More Time to Negotiate With Former Employees
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Merrill Signs Disclosure Accord With New York Attorney General
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Rental-Car Firm Budget Group Concedes Chapter 11 May Be Unavoidable
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Millenium creditors hit by bankruptcy case delay
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Trustee placed on hold
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Law Firms:

The Internet Connection - Reach out and touch your target audience -- but first, know what they're looking for
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Spin-off from parent company gives Rotech more elbow room
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Pinnacle:

Ernst & Young questions Pinnacle's longevity
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Pinnacle Holdings Inc. Announces Expiration of Forbearance On Senior Credit Facility
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Pinnacle Holdings expects Chapter 11 filing
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McGuireWoods hires bankruptcy associate
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Real estate house of cards
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Vornado wins Prime Group fight
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Bangor and Aroostook sale likely by end of summer
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The asbestos war
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The Battle of The Attorneys - Defendants Drop Appeal of Judgment in Securities Fraud Case and Sue Three Attorneys
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New Bankruptcy Opinions
(No new opinions today)

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

Polaroid:

Bankrupt Polaroid could attract more bids
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At Banks, Private Equity Desks Get Choosy
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Mass. Regulator Subpoenas Polaroid
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Probe into Polaroid stock ownership plan
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Polaroid attracts stalking horse
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Porn Princes Feeling Pinch
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Economy:

Recovery underway, G7 finance ministers say
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Lomas Mortgage creditors to be paid $16 million
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Financial salvage firms staying busy
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Ford Credit Drags Down Earnings at Parent
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Comdisco talks focus on loans
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National D-Day Memorial threatened with legal action for unpaid debts
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Suits Try to Dissect MarchFirst Rise and Fall
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England:

Maxwell firm on bankruptcy brink
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Telewest May Have to Cede Control to Bondholders
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No Progress for ITV Digital Talks, Risks Fire Sale
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Bankruptcy trustees in the spotlight
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Australia:

ASIC and ITSA join forces to investigate insolvency, bankruptcy
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Germany:

Kirch Holding May Be Close to Filing, Analysts Say
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How The Mighty Fall
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Kirch Creditors To Lend Company Another EUR100 Million
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Canada:

Sulphur Corporation of Canada Files
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Argentina:

Argentina suspends all banking
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Bank Holiday and Creditors Add to Crisis in Argentina
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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