April 23, 2002 

Economic woe allows buy-out deal to flow
(DBN Subscription Required)

New Money-Laundering Rules To Go Beyond Banks, Wall Street
(WSJ: separate paid subscription required)

Telecoms:

Williams Communications Seeks Chapter 11 Protection
(DBN Subscription Required)

Williams Communications to Complete Financial Restructuring and Reduce Debt By Approximately $6 Billion Through a Negotiated Chapter 11 Filing
(DBN Subscription Required)

Williams Seeks Chapter 11 Protection, Strikes Deal to Distribute All Equity
(WSJ: separate paid subscription required)

Williams Prepared to Deal With Bankruptcy of Former Telecommunications Subsidiary
(DBN Subscription Required)

Logix Commun Seeks Approval Of Employee Retention Plan
(WSJ: separate paid subscription required)

Telecommunications Industry Takes Further Market Hit As More Layoffs Announced
(DBN Subscription Required)

Telecom Sector Collapses Amid WorldCom Plunge
(DBN Subscription Required)

Asia Global says 9 investors show interest
(DBN Subscription Required)

_______________________

Analysts Beware: U.S. Government Plans Criminal Investigations
(DBN Subscription Required)

Taking Stock of Analysts
(DBN Subscription Required)

New Survey on Why Consumers Seek Debt Management Programs
(DBN Subscription Required)

Enron:

Enron May Write Down Up To $24b
(DBN Subscription Required)

Assessing liability: D&O insurance market tightens in wake of Enron-Andersen fiasco
(DBN Subscription Required)

The one thing that makes stock markets work is trust
(DBN Subscription Required)

Enron shows risks of new technologies: Greenspan
(DBN Subscription Required)

Florida Mulls Alliance Capital Suit
(WSJ: separate paid subscription required)

Obstruction roots deeper at Andersen, says former partner
(DBN Subscription Required)

Law firm replaces hard drives to keep Enron documents safe
(DBN Subscription Required)

Enron's survival prospects may be improving
(DBN Subscription Required)

Enron turns over retirement plans to State Street
(DBN Subscription Required)

_________________________

Casual Male gets court nod for Work 'n Gear sale
(DBN Subscription Required)

General Electric CO - Questron Technology Auction Results
(DBN Subscription Required)

Factory Card & Party Outlet Emerges From Bankruptcy
(DBN Subscription Required)

Florida audit blasts funeral industry
(DBN Subscription Required)

Guilford:

Guilford gets OK for DIP
(DBN Subscription Required)

Guilford to Close Plants in Lumberton, N.C., Altamira, Mexico
(DBN Subscription Required)

_________________________

Shopping Mall Struggles as Many Stores Leave
(DBN Subscription Required)

Manufacturer of Bearings Files for Chapter 11 Protection in Toledo, Ohio
(DBN Subscription Required)

Crisis spotlights Catholic assets
(DBN Subscription Required)

Technology crash pushes VC firm into Chapter 11
(DBN Subscription Required)

Central Closes Simon Trucking Purchase
(DBN Subscription Required)

Optionee's Bankruptcy Filing Did Not Toll Contractual Per Diem Option Price Increases

NextCard 'likely' to seek bankruptcy
(DBN Subscription Required)

AEI Files For Pre-Packaged Bankruptcy, Meets Bonding Requirements To Keep Mining Operations Open
(DBN Subscription Required)

Financial Firms Tone Down Ads
(DBN Subscription Required)

Risk Managers Learn Their Jobs Are More Important Than Ever
(DBN Subscription Required)

Phar-Mor CEOs step aside in deal
(DBN Subscription Required)

Bus company for celebrities files for bankruptcy
(DBN Subscription Required)

What's in a Name- The Many Varieties of Financial Advisors

Bankruptcy Counsel Could Collect Fees Without Violating Stay
(DBN Subscription Required)

Greenspan Has Hopes for Recession End
(NYT: separate free registration required)

State trying to shut down Buckeye Egg Farm
(DBN Subscription Required)  

Hard lesson at computer school
(DBN Subscription Required)

Sen. Hollings's privacy bill
(DBN Subscription Required)

Bankruptcy Reform Inspired by Enron
(DBN Subscription Required)

Conferees Meet Today
(DBN Subscription Required)

Millionaire's Loophole
(DBN Subscription Required)

Emerging markets face bankruptcy threat
(DBN Subscription Required)

New Bankruptcy Reform Try, It Won't Be the Last
(DBN Subscription Required)

House-Senate Conferees on H.R. 333 are scheduled to meet on Tuesday, April 23 at 3 PM. Contact the members with your views
(DBN Subscription Required)

Sen. Kohl Letter on Uniform Homestead Cap
(DBN Subscription Required)

Bankruptcy Measure Would Make Filing for Chapter 7 Much Harder
(WSJ: separate paid subscription required)

A Global Chapter 11?
(WSJ: separate paid subscription required)

G-7 backs a U.S. plan for dealing with debt crises
(DBN Subscription Required)

_____________________

Injudicious Conduct - An annual look at misdeeds from the bench
(DBN Subscription Required)

An Insolvent Service Doesn't Mean Payments Cease
(DBN Subscription Required)

Former NationsRent Owners Prepare Alternate Plan
(DBN Subscription Required)

Kmart, UPC Send Bond Defaults to Record $34 Bln, Moody's Says
(DBN Subscription Required)

Accounting:

Later Andersen
(DBN Subscription Required)

Andersen Mulling Bankruptcy Filing, Sale Of Units 
(WSJ: separate paid subscription required)

Volcker may nix Andersen rescue
(DBN Subscription Required)

Partner Drain Crimps Future at Andersen
(NYT: separate free registration required)

Accounting for trouble: Forensic services in demand
(DBN Subscription Required)

Volcker: Andersen could use 'miracles'
(DBN Subscription Required)

Volcker seen set to depart Andersen
(DBN Subscription Required)

Congress Seeks Harsher Penalties For Violations of Accounting Laws
(WSJ: separate paid subscription required)

Accounting firms face uncertain future: As Congress, SEC weigh new rules, malpractice insurance costs soar
(DBN Subscription Required)

Deloitte signs European deals with Andersen
(DBN Subscription Required)

Auditors Failed to Warn in More Than Half of Big Bankruptcies
(DBN Subscription Required)

Why kill Andersen?
(DBN Subscription Required)

Deloitte & Touche Expected to Pick Up Milwaukee-Area Andersen Workers
(DBN Subscription Required)

Andersen Says Specialist Isn't Helping Firm Prepare for Bankruptcy
(DBN Subscription Required)

Clients leaving . . .Carter Holt, Radiologix
(DBN Subscription Required)

Andersen hires restructuring specialist
(DBN Subscription Required)

Why Andersen Faces Extinction

Senate Mulls Stronger Accounting
(DBN Subscription Required)

Rivals of Accounting Firm Andersen See Opportunity after Enron Scandal
(DBN Subscription Required)

Andersen Bust?
(DBN Subscription Required)

Partner Says Andersen Feared Probe
(DBN Subscription Required)

Two rivals likely to pick up Andersen clients in Nevada
(DBN Subscription Required)

Consultant to 'Restructure, Re-Engineer' Arthur Andersen
(DBN Subscription Required)

Andersen hires bankruptcy pro
(DBN Subscription Required)

Andersen Malaysia Signs Merger MOU With Ernst & Young
(DBN Subscription Required)

________________________

Atlas Emerges Bankruptcy, Makes Strides in Rebuilding Under New Corporate Structure
(DBN Subscription Required)

Polaroid:

Bankrupt Polaroid's Bonus Plan for Top Managers Sparks Controversy
(DBN Subscription Required)

_______________________

Quality hits snag at liquidation hearing
(DBN Subscription Required)

Aerovox`s Capacitor Manufacturing Businesses Will Emerge From Bankruptcy Under New Ownership
(DBN Subscription Required)

Leiner:

Bankrupt Leiner completes reorg plan
(DBN Subscription Required)

Leiner Health Products Completes Financial Restructuring
(DBN Subscription Required)

________________________

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - Updated April 8, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Proxy firm to begin rating boards
(DBN Subscription Required)

Pinnacle nears bankruptcy as lenders close in
(DBN Subscription Required)

Court Extends Warnaco's Ch 11 Plan Exclusivity, OKs Pact
(DBN Subscription Required)

Rhode Island Company Buys Richmond, Va., Marriott Hotel Lien
(DBN Subscription Required)

Boards Seek More Governance Advice
(WSJ: separate paid subscription required)

Creditors ask Chapter 7 for Allied Riser
(DBN Subscription Required)

Farmland:

Farm co-op mulls bankruptcy
(DBN Subscription Required)

Farmland: No Bankruptcy Plans
(DBN Subscription Required)

_______________________

Kmart:

Losses Down As Kmart Heads Back To Court
(DBN Subscription Required)

Bank of Dad?
(DBN Subscription Required)

Kmart Records $135 Million Loss
(DBN Subscription Required)

Kmart still mum on future of distribution center
(DBN Subscription Required)

______________________

Credit Raters Get Scrutiny and Possibly a Competitor
(NYT: separate free registration required)

Plan By Former Exodus Would Give Little To Sub Noteholders
(DBN Subscription Required)

Law Firms:

National Law Firms Find Dallas Appealing
(DBN Subscription Required)

A Skadden Associate's Dating Binge
(DBN Subscription Required)

Wave of Defections Continues at Shaw Pittman's NY Branch
(DBN Subscription Required)

Non-Lawyers Play Bigger Role in Running NY Firms
(DBN Subscription Required)

Judge Mulls $500,000 Sanction Against Vinson & Elkins
(DBN Subscription Required)

______________________

Asbestos:

Insurers Could See Payout Timeline For Asbestos-Related Claims Shrink
(WSJ: separate paid subscription required)

The asbestos war
(DBN Subscription Required)

____________________________

SEC intensifies investigation into Adelphia
(DBN Subscription Required)

Japan:

Lack of G7 response to solving Japan’s woes speaks volumes
(DBN Subscription Required)

Corporate loan demand drops in Japan again
(DBN Subscription Required)

______________________

England:

Talks over ITV Digital sale
(DBN Subscription Required)

ITV Digital to be sold after deal talks fail
(DBN Subscription Required)

___________________________

Germany:

Upstarts Seek to Profit From Bankrupt Companies
(DBN Subscription Required)

Dutch Group Set to Buy Core of Bankrupt Holzmann
(DBN Subscription Required)

Heijmans in talks to buy part of Holzmann
(DBN Subscription Required)

Small German companies face possible bankruptcy
(DBN Subscription Required)

________________________

Korea:

Micron, Hynix sign $4B deal
(DBN Subscription Required)

Devil looms in GM-Daewoo details
(DBN Subscription Required)

_________________________

Argentina:

Argentina treads the tightrope
(DBN Subscription Required)

Argentine Pushes for New Laws
(DBN Subscription Required)

Govt. declares indefinite bank holiday
(DBN Subscription Required)

Argentina closes banks - Heightened fears that financial collapse can’t be avoided
(DBN Subscription Required)

_______________________

Canada:

Liberal MLA granted bankruptcy protection on $2.2-million debt
(DBN Subscription Required)

________________________

Hong Kong:

Bankruptcy law to protect creditors
(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 $39/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.  

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