December 27, 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

         
Airlines:

United seeks court's OK to change union pacts
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U.S. Airlines Lag In Cost Control
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United Air Labor Pacts Face Overhaul
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United delays move to void labor pacts
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Creditors Oppose Final OK For United Airlines' DIP Loans
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Delta revises 'standby' policy
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Hardball begins in the United Airlines receivership
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United Pilots Propose Issuing New Shares, to Stay on Board of Directors
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UAL, Unions Head Back To The Table
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US carrier faces deal deadline
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Rough landing for labor on airline boards
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Hooters chairman buys airline
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NationsRent amends reorg plan
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Conseco:

Supreme Court to Decide Whether to Hear $27 Million Conseco Consumer Case
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Legal wrangling keeps NTL in Chapter 11
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Agway sells leasing unit
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Law Firms:

Justice Department Blasts ABA Stance on Nonlawyer Services
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One Law Firm's Workers' Comp Handbook Use Spurs Copyright Suit By Another Law Firm
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E-Mails Show Tyco Lawyers Had Concerns About Books
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Tucson, Ariz., Homebuilder Files Bankruptcy Petition
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Trustee in Orlando, Fla., Securities Bankruptcy Case Seeks Commission Forfeits
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California businesses face raft of new laws
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  Asbestos:

Asbestos Lawsuits Hurt Defendants' Workers
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Don't breathe easier
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Top 10 Bankruptcy M&A deals
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Like Town, Like Mayor: A Tale of 2 Bankruptcies
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Imperial Sugar shuts refining operations in namesake town
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Michael Flutie: Company Claims
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Corporate Reform:

Executive smackdown
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Convoluted accounting practices were exposed, slack demand continued and a flurry of mergers and Ch. 11 bankruptcies staved off closures for some big-name players. Will 2003 be better?
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Telecoms:

Credit Analysts Lukewarm on Qwest Debt Swap
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WorldCom says October losses more dire as sales flat
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Some Retailers Find Themselves Fighting for Survival - The weakest growth in holiday sales in three decades might force some U.S. retailers to shed stores or even file for bankruptcy
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Shopping Season Rated Worst In 30 Years By Some Experts
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Retailers See a Blue Christmas
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AP&T files for Chap. 11 bankruptcy
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Consumer Debt Looks Set to Keep Soaring
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Accounting:

Will Auditing Reform Die Before It Begins?
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Encompass CEO quits
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Idealab lawsuit to go to trial
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Tough lesson learned in bankruptcy
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New Bankruptcy Opinions
(2 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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Hundreds to Acquire Pieces of Swifty Serve Chain
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Enron:

J.P. Morgan official: Enron deals were 'innovative'
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Enron Unit Clinton Energy Management Files Chapter 11
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Competitors want in on debt rating
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Farmland seeks to stop paying retirees' life insurance
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More trouble at Greater Southeast
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Bankruptcies May Alter Airlines' Path
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Bankrupt Adelphia Posts Wider Loss
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Economy:

Economy is full of worst-case scenarios
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How Boom and Bust Hit Main Street
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Predictive Systems Announces a Strategic Restructuring of Its European Operations
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Canada:

Deal will allow disabled man to keep specially equipped van
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Japan:

Japanese output plunges as workers drop out
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Japan leans on big banks to tighten bad-loan accounting
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