December 19, 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

         
Conseco:

Conseco eyes quick Ch. 11 exit
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Freed from albatross, Conseco goes under
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Conseco's Trust-Preferred Holders Bash Restructuring Plan
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It sets my heart a clickin' like the tickin' of a clock, when the frost is on the punkin and the fodder's in the shock
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Unclear if Conseco bankruptcy will affect $20.1 million due to thousands in South Carolina
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Consumers Protected
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Finance arm's planned sale unloads albatross for parent
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Mismanaged path to bankruptcy court
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Conseco Lived Up to Low Expectations
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Conseco Files for Chapter 11; Insurance Unit Remains Sound
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Wendt's Pay All But Gone
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Conseco got some breaks on its way to bankruptcy
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Conseco latest stadium curse victim
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NASCAR Winston Cup sponsor files for bankruptcy
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A.M. Best Comments on Rating of Conseco Insurance Subsidiaries
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Facts from the Conseco bankruptcy filing
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Conseco Gets Court Order on Net Losses
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Insur Ops Protected Under Conseco Bankruptcy Plan
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Conseco's neighbors optimistic about future
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Enron:

Ex-Enron exec wants to turn over profits
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The Case of Enron's Top Lawyer
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Fastow's wife now may face charges
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Judge May Exclude J.P. Morgan E-Mails
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UK accountants face Enron probe
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U.S. retailers find little joy in store this season
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Steel:

Bankruptcy Judge Asks Where San Antonio Diet Product's Millions Disappeared
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LTV Corp.'s Chicago Coke Plant Sale Approved
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Takeover of Bethlehem Steel Hurts Retirees
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Steel company misses interest payment
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Sunbeam emerges from bankruptcy, changes name
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Law Firms:

More NY Firms Announce Bonuses
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Brobecks slashes IT team
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Firms Balance Lateral Hires vs. Culture
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Digital Discovery Starts to Work
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In house counsel: That was the year that was
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Tech Firm Mulls Changes in Bonus Structure
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Fitting In
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Several Schools See Drops in Bar Pass Rate
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Winstead adds Austin shareholders
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A Freeze Settles on Some Venture Capital Firms
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Bankrupt Aladdin casino improves operations while looking for a buyer
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Accounting:

KPMG says it wants a 'proper fee for proper audit'
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KPMG British earnings collapse by 25%
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Tax Time Is Also Fraud Time
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Audits: The Red Flags of Cooked Books
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KPMG Re: Lawsuit -- We Stand Behind Our Work
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Going Virtual_
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  Cos In Bankruptcy Grapple With 'Critical Vendor' Question
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Bankruptcy climate worries experts who expect 'more pain to come'
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Airlines:

UAL DIP Syndication Begins For Institutional Investors
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Paper says Thai Air may buy United aircraft
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Gap in Pay Divides Pilots From Other United Unions
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DIA requires landing fees in advance
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SFO keeping eye on United
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Customer Loyalty Takes a Hit As Airlines Halt 'Waivers, Favors
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How can United thrive?
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Deep Decline in Air Traffic Still Being Felt
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United workers retire en masse
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UAL Creditors Committee Selects Airbus as Committee Chair
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Battle brewing over United ESOP
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United cuts fares
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Airline Stocks Slide Amid Slumping Revenue for November
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United to cut 290 jobs in Indy
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United Airlines Employees Weigh Options after Operations Sale
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US Carriers Face Even More Volatile Future
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'The check's in the mail' for fees United owes city
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Contractors eye United work
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Reservation agents join US Airways pilots in cost cutting
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French intend to abandon control of state airline
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Allied Pilots Association Responds to American Airlines Management's Comments Concerning Cost-Cutting Efforts to Avoid Bankruptcy
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Judge cuts Vanguard's rent at KCI
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Vanguard discusses hearing dates, expenses in bankruptcy court
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Asbestos:

Halliburton agrees to $4b asbestos claims settlement
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Questions Linger on Halliburton Settlement
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Halliburton/Settlement: Former Unit Granted Stay
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Halliburton Follows Denver Producer's Method of Dealing with Asbestos Claims
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Legislative Proposal Would Limit Asbestos Liability
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A trust helps companies pay future claims
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Chap. 7 for other Shavlik business
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Steakhouse Franchise Owner Files for Bankruptcy
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Corporate Reform:

Ho-Ho ... Uh-Oh! - Some corporate execs, and their counsel, might find coal in their holiday stockings this year
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Probe Seen Casting Wide SEC Blame
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Corporate America's path to a very public humbling
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New Insurance Policy Designed to Give Independent Directors Peace of Mind
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Corporate woes hit Wall St
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Frederick's:

Frederick's set to emerge
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Frederick's of Hollywood Receives Approval of Reorganization Plan
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Organogenesis/Apligraf: Court OKs $3 Million DIP Financing
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National Century:

Former CEO of National Century: Man of mystery
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$500,000 in county funds are frozen in bankruptcy probe
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy: The good, the bad
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DIP Dimensions: Horizon Natural Resources
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Letter from Delaware -- Life after NCFE
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Year in Review? A Lot of Big Bankruptcies
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Tulsa judge seals court in CFS fraud case
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FAO Schwarz:

Trouble in FAO Toyland
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FAO Falls 38% Amid Bankruptcy Threat
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Bankruptcy Reform:

Big Banks Step Up Efforts Against I.M.F. Debt-Relief Plan
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Major financial groups blast IMF bankruptcy court plan
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Clothing Retailer Uses Bankruptcy to Undo Financing Deal
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It's deal time: Bishop: Property sale could pay for claims
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Kaiser Aluminum Faces Accelerated Funding Requirement for Salaried Retirement Plan
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Telecoms:

Judge won't halt Qwest bond swap
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Denver Telecom Professionals Honor ICG's Randall E. Curran
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Classic Communications to exit Chapter 11
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A Novo Broadband Files For Ch. 11 In Wilmington, Del.
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A Novo/Ch 11 -2: Lists $12.3M In Assets, $10.5M In Debts
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Will Colt be declared bankrupt on Friday?
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Getting the boot
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Consolidated Freightways Sells Mira Loma Trucking Terminal
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Perelman Bail$ Out Revlon Inc.
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Chain gets rights to old Ames
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PANACO, Inc. Discusses Amex Notification
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County Sells Liens to Collect Back Taxes -- with Few Exceptions
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Restoragen, Inc. Announces the Filing of a Voluntary Petition Under Chapter 11 of the Bankruptcy Code
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Oakwood Homes/Loan: Would Seek Court Approval Dec 30
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Talks to restart Ecusta plant stall, set to resume Jan. 6
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Liquidation of Janitorial Supply Firm Is Approved
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Japan:

Japan's Growth to Slow By a Third Next Fiscal Year
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Slow pace of economic change leaves Japan behind
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Australia:

Solvency fears for Australian stocks
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_______________________

Korea:

S Korea Bankrupt Companies 372 In November Versus 400 In October
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Corporate Bill Default Ratio Declines
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__________________

Switzerland:

Credit Terms Reflect Weakness at ABB
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_____________________

Germany:

Commerzbank May Have To Suffer Yet More Pain
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____________________

England:

York go into administration
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