December 30, 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

         
Execs to get bankruptcy windfalls
(DBN Subscription Required)

More Layoffs Expected Down on Wall Street
(DBN Subscription Required)

Corporate Reform:

Wretched excess rides high in many executive suites
(DBN Subscription Required)

Scandals mar faith in U.S. corporations
(DBN Subscription Required)

Annus horribilis / Corporate scandals, lingering recession made 2002 truly horrible year
(DBN Subscription Required)

The year executives paid the price for cooking their books
(DBN Subscription Required)

Directors get scarce, board seats get pricey
(DBN Subscription Required)

Insurers Move to Protect 'Split-Dollar' Compensation
(WSJ: separate paid subscription required)

Enmeshed in scandal
(DBN Subscription Required)

Finding Wrongs, Through the Prism of Silicon Valley
(NYT: separate free registration required)

Thanks For The Memories
(DBN Subscription Required)

Pop quiz!
(DBN Subscription Required)

Scorecard on Fraud Investigations
(DBN Subscription Required)

The Kings of Excess, and Other Standouts
(NYT: separate free registration required)

Options Payday: Raking It In, Even as Stocks Sag
(NYT: separate free registration required)

_______________

Priest scandal snowballs - Boston case starts a chain reaction
(DBN Subscription Required)

 

Dayton firms rode roller-coaster in '02
(DBN Subscription Required)

CyNet files for Chapter 11 bankruptcy protection - UST moves to dismiss
(DBN Subscription Required)

Wall Street tallies dead and wounded
(DBN Subscription Required)

Retailing:

Some retailers face survival test
(DBN Subscription Required)

Retailers face tough times to come
(DBN Subscription Required)

True Blue: Customers loyal to struggling Kmart
(DBN Subscription Required)

Some Retail Analysts Expect Worst Yuletide Sales Growth in A Decade
(DBN Subscription Required)

Kmart's Bankruptcy Story: Tangled Up in Blue
(DBN Subscription Required)

Target-ing Kmart's lost heft
(DBN Subscription Required)

Christmas Sales Are Seeing New Bounce in 'Week After'
(WSJ: separate paid subscription required)

Beleaguered Kmart trims unprofitable stores
(DBN Subscription Required)

Retailers in 2002 saw pockets of success, failures
(DBN Subscription Required)

____________________

Accounting:

Accountants may drop audits to avoid scandals
(DBN Subscription Required)

Andersen: 2002 added up to a zero
(DBN Subscription Required)

Accounting Profession Faces More Rules, Transition, Turnover, Competition
(DBN Subscription Required)

Some Basics in Fraudulent Accounting
(DBN Subscription Required)

The last gasp at Andersen
(DBN Subscription Required)

Big Four might pull out of auditing
(DBN Subscription Required)

______________________

J.P. Morgan Cuts Options
(DBN Subscription Required)

U.S., Bankrupt Funsters Casino At Odds Over Back-Tax Issue
(DBN Subscription Required)

IHS creditors back plan to sell company
(DBN Subscription Required)

Lawyers File Suit against Three Credit Reporting Agencies
(DBN Subscription Required)

Little for Lifeguard creditors
(DBN Subscription Required)

NationsRent Set for Recovery
(DBN Subscription Required)

EAC bankruptcy plan raises questions about the law — and justice
(DBN Subscription Required)

NationsRent amends reorg plan
(DBN Subscription Required)

Can You Really Afford That House?
(DBN Subscription Required)

Former Employees of Defunct Mortgage Lender Sue Bear Stearns
(DBN Subscription Required)

San Marcos baker files Ch. 11
(DBN Subscription Required)

Approval of Polymer plan delayed
(DBN Subscription Required)

Banks face more bad loans
(DBN Subscription Required)

Repo men thrive in a bad economy
(DBN Subscription Required)

  Airlines:

UAL Seeks Court Permission to Abandon Labor Contracts
(DBN Subscription Required)

Judge steers carrier's fate
(DBN Subscription Required)

United heads to court in drive for concessions
(DBN Subscription Required)

The Motion
(DBN Subscription Required)

Union urges United workers to OK pay cut
(DBN Subscription Required)

Almost All United Unions Accept Steep, Temporary Wage Cuts
(DBN Subscription Required)

Bank files objection in United Airlines bankruptcy
(DBN Subscription Required)

Machinists reject request to reduce pay
(DBN Subscription Required)

A town united in worry
(DBN Subscription Required)

UAL wins backing from unions for cuts
(DBN Subscription Required)

GE allowed to advance US Airways money
(DBN Subscription Required)

United in deals for wage cut
(DBN Subscription Required)

UAL Wins Some Union Concessions, Still Seeks to Scrap Contracts
(DBN Subscription Required)

Gloom as air industry remains in doldrums
(DBN Subscription Required)

United Airlines May Give up Asian Flight Courses
(DBN Subscription Required)

Hooters takes to the sky
(DBN Subscription Required)

US Airways Has Potential for Long-Term Success Despite Bankruptcy
(DBN Subscription Required)

A choppy flight for Vanguard Airlines
(DBN Subscription Required)

Vanguard makes hard landing in bankruptcy, then liquidation
(DBN Subscription Required)

Headlines chronicle the tale of Midway
(DBN Subscription Required)

___________________

Enron:

JP Morgan sues Enron over loans
(DBN Subscription Required)

Kirkland Protected by Silence in Enron
(DBN Subscription Required)

Enron stretched and reached limit
(DBN Subscription Required)

Broadband claims investigated as fraud
(DBN Subscription Required)

Ex-Enroners find success is best revenge
(DBN Subscription Required)

Flowers, strippers, lies, billions and bankruptcy
(DBN Subscription Required)

Former Enron Treasurer Targeted by Government Probe
(DBN Subscription Required)

Consulting group merges after Enron deals dry
(DBN Subscription Required)

Pressure on ex-Enron treasurer Glisan builds up
(DBN Subscription Required)

Executives resisting Enron prosecutors
(DBN Subscription Required)

Energy traders pummeled by Enron fallout in 2002
(DBN Subscription Required)

Enron investigation gets down to basics of pipelines and plants
(DBN Subscription Required)

__________________

Bankruptcy means new chapter for some, epilogue for others
(DBN Subscription Required)

Telecoms:

XO's Akerson to resign
(DBN Subscription Required)

XO Communications CEO to Resign After Reorganization
(DBN Subscription Required)

John Sidgmore
(DBN Subscription Required)

Digital Teleport Gets Bid for Fiber Optic Network
(DBN Subscription Required)

Don't expect telecom's angst to subside quickly
(DBN Subscription Required)

WorldCom unable to stem losses under bankruptcy
(DBN Subscription Required)

Loss Widens at Adelphia Communications
(NYT: separate free registration required)

Overseer confident WorldCom will come back
(DBN Subscription Required)

Southwestern Broadband forced into bankruptcy
(DBN Subscription Required)

Credit analysts lukewarm on Qwest debt swap
(DBN Subscription Required)

_________________

Court protection sought by TriQSI
(DBN Subscription Required)

Borrowing tough but not impossible after bankruptcy
(DBN Subscription Required)

Stanley Grading files for Ch. 11 bankruptcy
(DBN Subscription Required)

Struggling US firms impose hidden fees
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Asbestos:

White House thwarted EPA's asbestos-insulation warning
(DBN Subscription Required)

ABB to Make Formal US Asbestos Offer Soon
(DBN Subscription Required)

Lancaster, Pa.-Based Floor, Cabinets Maker Predicts Growth after Bankruptcy
(DBN Subscription Required)

__________________

Law Firms:

A Profession Under a Cloud
(DBN Subscription Required)

Clifford Chance Issues Bonds for Expansion
(DBN Subscription Required)

NY Firms Lease Backup Offices
(NYT: separate free registration required)

Management Changes at NY Firms
(DBN Subscription Required)

Inadvertently Produced Document Protected by Attorney-Client Privilege
(DBN Subscription Required)

Many shifts, few major changes occur in legal landscape
(DBN Subscription Required)

More docs aim for law degree
(DBN Subscription Required)

________________

A third of nursing homes face insolvency
(DBN Subscription Required)

CEO shares his strategies for troubled times
(DBN Subscription Required)

As Chapter-11 Filings Proliferate, Vendors Vie to Make Critical List
(WSJ: separate paid subscription required)

No §507(a)(4) Priority for Insurers' Claims

Rulings May Increase Conseco Unit's Value at Auction
(DBN Subscription Required)

Watch this space
(DBN Subscription Required)

Is Your Guarantor Really Personally Guarantying the Credit Sale?
(DBN Subscription Required)

Massachusetts: Dealing with the deadbeats
(DBN Subscription Required)

In Too Deep for New Year? What to Do About Debts
(WSJ: separate paid subscription required)

What Does The Statement Of Cash Flow Really Tell?
(DBN Subscription Required)

Employee Insurance: a Corporate Cash Cow
(WSJ: separate paid subscription required)

Evergreen Stage Line rolls no more
(DBN Subscription Required)

England:

Business failures on the rise
(DBN Subscription Required)

New warning after business failures reach eight-year high
(DBN Subscription Required)

Corporate failures climb sharply
(DBN Subscription Required)

Clubs fight for survival as finances dry up
(DBN Subscription Required)

____________________

More people going bankrupt because of high living
(DBN Subscription Required)

Japan:

Japan's banking giants may need bailout next year
(DBN Subscription Required)

Golf courses landing in the rough
(DBN Subscription Required)

Struggling in Debt, Sacrificing Pride
(NYT: separate free registration required)

Small firms can't help jobless in 2003
(DBN Subscription Required)

Bad loans cited as motive in hostage incident at bank
(DBN Subscription Required)

Japanese output plunges, recession risk rises
(DBN Subscription Required)

UFJ, Mizuho, Other Japanese Banks, May Need Bailout in 2003
(DBN Subscription Required)

____________________

Australia:

Market scuttles deposit-bond promise
(DBN Subscription Required)

__________________

Israel:

Israeli Communications Giant Plans to Trade Assets to avoid Bankruptcy
(DBN Subscription Required)

__________________

Greece:

Manos Travel's bankruptcy shocks Greek tourist market
(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. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

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.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, 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