April 24, 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:

Bankruptcy Reform Advances On Hill
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Is bankruptcy bill 2-faced?
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Enron inspires plan to limit home equity in bankruptcies
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Congress gets closer to bankruptcy reform
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Bankruptcy Reform May Be Sooner Than You Think
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Bankruptcy Compromise Comes Bearing Mark of Enron's Influence
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Enron Debacle Spurs Bankruptcy Compromise
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Debt to the world - The crisis in Argentina lends support to calls for better sovereign bankruptcy procedures
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Bid to limit homestead exemption falters in Congress
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Sen. Wellstone's Statement on the Conference Meeting
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Telecoms:

Clashes could keep Williams in Ch. 11
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Fight slated for Williams equity
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MFN restates 2001 earnings
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Global Crossing unit to sell stake in PCL
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Williams Communications bankruptcy pits bondholders against former parent company
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Telecom Slump Gets Deeper Amid New Layoffs, Cutbacks
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Bankrupt Naugatuck, Conn.-Based Telecom Company Sees Stock Jump
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Grads Entering the Job Market Face Toughest Test Yet
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180 Connect buys Viasource for $60M
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Under Fire, Merrill Lynch Hires Rudy & Skadden
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Mortgage firm must pay $60 million in 'predatory lending' case
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Wall Street faces prospect of criminal charges
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Digital Teleport Gets Bankruptcy Court Approval on Contract Settlements
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Covanta failure kills sale of NHL's Senators
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AppliedTheory seeks OK for asset sales
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Detroit-Area Hospitals Object to OmniCare Health Plan Rehab
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Florsheim:

Weyco could face competition for Florsheim
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Shoe Manufacturer Bids for Bankrupt Florsheim Group
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US to Study if Analysts Misled the Public
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Web Is No Haven For Bankrupt Spiritual Site
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Exide Tech Seeks Court OK For $7.1 Million Worker Retention Plan
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  Bonuses for officers of sinking ships irk many
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Investors scramble for data as bankruptcies rise sharply
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Suits Try To Dissect MarchFirst Rise and Fall
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Bingham Dana prepared to take on BCE: 'Serious about being paid': Law firm inundated with calls from Teleglobe noteholders
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U.S. Places 3rd in Capital Markets
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'Civil Action' lawyer loses appeal for fee
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How Tevel went bankrupt
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Enron:

'Dead peasant' policies benefit top executives
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With Enron's Collapse, Houston Has Lots of Space
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Enron legal fees on pace for $20 million a month
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Police close investigation into Enron exec's suicide
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Enron Tells Bankruptcy Court It Had $452 Million In Cash At Dec. 31
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SEC's Staffing Levels Seen as Inadequate For Enron-Type Problems
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Enron note magnifies how Bush keeps things on q.t.
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Enron admits overstating value / New filing casts doubt on financial data as far back as 1997
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Fla. Waits on Suing Over Enron Losses
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Enron creditors ask it to amend DIP loan plan
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Nasdaq to tweak governance rules in May
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Trustee Gets Approval for Sale of Eight Payless Cashways Stores
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Law Firms:

7 LA Partners Bolt Oppenheimer Wolff
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Thelen Reid Grabs 9 Arent Fox Partners
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Kmart:

Kmart may need more recovery time
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Motion For Kmart Shareholder Committee Delayed
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Court OKs Kmart CEO's Comp Package
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Martha Stewart Tops Expectations
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The Shaw Group Receives Court Approval for the Acquisition of Assets of The IT Group, Inc.
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Many top Phar-Mor workers get bonuses
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Steel:

Geneva Asks Loan Guarantee
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Bankrupt Plastics Maker LLS Gets Court Approval to Auction Itself Off
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Bankrupt railroad's sale likely by summer's end
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Crisis Continues for Adelphia Communications
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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

New rules for money-laundering - Moves prompt outcry from financial privacy advocates
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Accounting:

Lawyers for Andersen Likely to Target Key Witness
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Andersen Is Said to Consider Affiliation Outside Big Five
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Signs indicate Andersen settlement possible
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Andersen Seen Resisting Chapter 11
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Andersen Thwarts Volcker, Hires Specialist
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Judge Sets Ambitious Trial Schedule
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Judge Rules 'Seriously Botched' Audit Is Not Fraud

Andersen Asset Sale Decision Stalled
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Chapter 11 fears as Andersen prays for 'miracle'
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Accounting's also-rans thrive as Big Five stumble
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Andersen denies alleged role in mounting Spanish bank scandal
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Clients leaving . . .Avnet, Crown Media, Esperion Therapeutics, Republic Bancshares, Team Inc., ProLogis, Sussex Bancorp, Ruddick Corp., CMS Energy, Cyberonics, Vical, Charter Communications, Boykin Lodging, SourceCorp
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U.S. accounting rules panel talks reform with SEC
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More Andersen Units Sign Up with Rivals
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Andersen's Turnaround Ace Lays Out Plan
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KPMG-Andersen Irish merger talks making 'progress'
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Home Depot debt kept off books
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Arkansas Accountants Doubt Arthur Andersen Will Survive
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Polaroid:

Intangibles could chase away Polaroid bidders
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'Madden Cruiser' bus builder to get new owner
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Poland:

Court cancels Elektrim restructuring
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Court triggers Elektrim crisis
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Argentina:

Argentine leader airs plan to stave off financial collapse
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Australia:

Skase clan plans to head home
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England:

Students choose bankruptcy over debt
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