December 2, 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

         
Corporate Lawyers Taking Bankruptcy To The Bank
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Boston Archdiocese:

Archdiocese weighs bankruptcy filing
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Bankruptcy Said Likely for Boston's Archdiocese
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Boston archdiocese prepares for bankruptcy filing
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Telecoms:

NextWave, FCC Agree On Airwaves Deal
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Telecom's big players' ironic shift
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The Right Guy for the Job?
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WorldCom Agrees to Continuing Oversight
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A Few Words of Advice for Rudy - act first, and talk later
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DSL.net buys up NAS
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WorldCom aims to sell off data center in Richardson
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SEC Case Against WorldCom Grows
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360networks Enters Merger Game
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Level 3 Confirms Takeover of Genuity's Assets and Contracts with Verizon, AOL
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SpectraSite Holdings agrees to sell tower-building business
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Early Supra disclosures to regulators disagree
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Internet linchpin transfers assets
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Icahn Suggests Another Plan for XO
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Economy:

When Lower Interest Rates Can Hurt
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Moto Photo outlines new business plan
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Law Firms:

Billions may be riding on small-town lawyer's case
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Peace of mind is getting costlier for law firms
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Class action warrior counts his victories
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Lovells partners to face night of the long knives
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Mayer Brown loses UK disputes team to US rival
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The Boies Club
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Jones Day guarantees profits level for Gouldens partners
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Jones Day taps D.C. office for new managing partner
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Jones Day awaits ruling on Saudi negligence claim
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Foreign firms given green light to offer local advice in Japan
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Audit watchdog: blacklist bill padding lawyers
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Court Waives Deadline as 'Reasonable Accommodation' for Disabled Litigator
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NJ Firm Raids NY Rival to Launch Manhattan Office
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Niches keep law firms busy despite economy: Intellectual property, corporate finance hot
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Halliwells informs police over partner sacking
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SocGen cost review to slash firms
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Nike Assembles All-Star Legal Team For Supreme Court Showdown
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Partner number nine leaves Osborne Clarke
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Enforced partner exits ‘stepped up over year’
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Firm makes play for Pa. Ave.: Wilmer Cutler eyes complex assembly of downtown leases
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Foreign firms secure Paris Bar seats
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National Century-linked company Med Diversified files bankruptcy
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Asbestos:

Asbestos Lawyers Strong-Arm Armstrong
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Asbestos accord inflates Sealed Air shares
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Judge Rips Aerojet in Asbestos Case
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Poor foot the bill as New York goes bankrupt
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Kmart:

Kmart's Survival May Be At Stake
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Kmart Holders Group Suing Pricewaterhouse For Auditing Role
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Farmland Industries reports record net loss
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Money crisis hits consumer credit agency
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  Airlines:

United reassures passengers
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UAL mechanics to vote again
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United watches its stock plummet
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United, Mechanics Union Meet in Private
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UAL to resume talks with machinists
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United Appears Headed for Bankruptcy
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Airline unlikely to ground fliers
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Flight Attendants Ratify Deal With United
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Flight attendants defy mechanics to hand United a lifeline
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Bankruptcy Or Not, UAL Faces Tough Future
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Lufthansa unready to back United
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Airlines nearing bankruptcy owe $1.7 billion to Boeing
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Union boss faults vote by United mechanics
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United gets deal or goes broke
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UAL Sucking Air
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United Airlines faces bankruptcy as wage plan fails
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United on bankruptcy brink
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Airline workers upset at State Street moves
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Qantas rival on brink of collapse
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The next potential blow to the stock market ... underfunded corporate pension plans
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Securing the future of SPVs
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Bankruptcy Reform:

Republican win doesn't ensure bankruptcy reform
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A new outlook - With GOP in control, bankers may see key legislation passed
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Tantalizing notes carry high risks
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Organogenesis gets 'Goliath' to blink
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GCG


Chapter 11 Administrative Services

Is Pleased To Announce That


Kenneth M. Freda, A Former Deputy Clerk Of The United States Bankruptcy Court For The Southern District of New York, Has Joined The Company As Director, Business Reorganization Services


1-800-327-3664 
www.gardencitygroup.com

Male IRS agent drssed as woman indicted in credit scheme
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Roxio snaps up Napster scraps
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Mortgage insurers boost profits despite foreclosure rise
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Corporate Reform:

Post-Enron, Credit Raters Slow to Change
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Law Professors Led Fight for New SEC Rules
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Riding the Post-Bubble Wave of Woe
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Mars instrument-rental contracts sold
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Credit Card Debt Increased 177 Percent in the Past Decade for the Wealthy
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Thompson Coburn wants in on President Casino bankruptcy
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Insurance for D&Os going up
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Why the IRS Should Put $200 Billion of Unpaid Tax Debt in Private Collectors' Hands
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Corporate delicti
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Court adopts "hybrid approach" under §523(a)(8)

Energy:

Lockyer's Goal Is to Make Them Pay
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Recession Strikes Texas, but Not in Oil-Bust Way
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Accounting:

Deloitte partners in £100m buyout deal
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Santa Barbara Bargain - Mansion Being Auctioned in Bankruptcy Court
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Prices push dairies into bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 265 Jobs - Last Updated November 25, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Enron:

Opportunity lost
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Enron lawyers laid 'road map' for prosecutors - They were aghast at traders' tactics
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Enron creditors still chasing their debts
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Enron's ghosts linger a year later
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Review Approves Most Legal Fees in Enron Case
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Investor self-protection
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J.P. Morgan's Enron Case Begins Monday in U.S. Court
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Enron victims still waiting for justice
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Golden parachutes under new scrutiny since Enron scandal
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Feds Pressure Ex-Enron Managers to Talk
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JP Morgan, insurers ready for Enron trial
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Enron taking bids on best assets
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Enron's £300m clouds nuclear rescue
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The 'Perfect Storm' and a sea of dirt
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Dazzling image left US press blind to the truth
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Enron employee committee releases accomplishments
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Banks and regulators feel curse of Andersen
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Who said mud sticks? Bush shrugs off links to scandals
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The standards setter who loves a good scrap with big business
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A year later, survival is greatest milestone - Fees pile up as fast as assets liquidated
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Bosses schmooze on as the criminal investigation inches closer to the top
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Ex-Fastow Home Fire Arson
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Enron's legacy: massive change
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Enron revelations prompt examination in many business areas
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Negative news puts hurt on downtown office market
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Mexico:

Mexico's AHMSA Presents Creditors With New Proposal
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Hong Kong:

Bankruptcies Bolster "Beating Up The Wicked People"
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Hong Kong job losses feed credit abuse
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Singapore:

Bankruptcies set to hit 17-year high this year
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Canada:

Sens face cash-flow crunch
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Japan:

Bankrupt firms learn from past mistakes
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Raft of poor data may hit Japan's reforms
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Japan Bank-Cleanup Timetable Leaves Much Work Remaining
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Frustrated Japanese fear for their jobs
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Kumagai, Hazama, Other Japan Builders Fight for Survival as Banks Cut Ties
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Zombie construction firms living it up
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India:

How Defaulter No 1 worked overtime to stay at top
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England:

Wrapping it up - Insolvency reforms move a step closer with the dawn of the Enterprise Act
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Diana's 'Cad' goes bankrupt
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English Soccer Teams Have Money Troubles
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Equitable: Put them out of their misery
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OFT warns Debt Collectors about unfair practices
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NTL fails to hit Chapter 11 escape deadline
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NTL and Telewest inch towards refinancing deals
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Cash strapped British Energy seeks to restructure debts
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