February 11, 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

         
Enron:

How Fastow Helped Enron Fall
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Workers Blame Corporate Cheerleading for Huge Retirement Losses
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After Enron, Insurers Raise Prices for Executives' Liability
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Enron's Cooper Expects to Salvage
A Smaller but More Stable Firm
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Every day an Enron day
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Enron's last-minute bonus orgy
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Lawyers fight for Enron role
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Lay's lawyer makes living getting clients out of jams
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In the Enron Blame Game, V&E Gets Some, Gives Some
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Experts: Enron Law Firm May Be Sued
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Skeptical Congress won't hear Lay
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Enron words as relevant as deeds
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Enron executive may face perjury charge, says investigator
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Creditors seek more information on partnerships
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Merrill Lynch, Enron Invoked Calpers to Market LJM2
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First Union Tie to Enron Questioned
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Sympathy For Enron Employees Has A Limit
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Enron expected a lot in exchange for political gifts
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Some Politicians Give Away Contributions From Enron
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Spreads widen on JPM bonds amid Enron worries
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Company attorney told not to criticize Enron's activity
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Enron's Unthinkable Collapse Blindsided All But the Biggest
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Enron partnerships' practices called faulty, possibly illegal
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This week's Enron congressional hearings schedule
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Lawmakers Doubt Getting Truth on Enron
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Enron paid hefty bonuses before bankruptcy
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U.S. Moves to Take Over Enron Pensions
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Pentagon to Preserve All Enron Documents
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U.S. Acts to Replace Enron Trustees
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Enron Hearing Calendar and Audio
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Ex-Fastow aide says Skilling lied at hearing
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Skilling energized Enron but draws suspicion after its fall
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Director's Move May Save Her Money
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Ex-workers at hearing: Fastow 'won't even look over here'
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Enron Audit Chair Pulled No Alarms
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Making Political Sense of the Committees Making Sense of Enron
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Italian Lender Sues Enron Bankers
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The Two Faces of Enron
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Skilling's Testimony: An Acting Performance For The Ages
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Enron's Lay To Take 5th Amendment Before Congress
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Investigators tell a tale of two Enrons / Company's powerhouse public image hid internal decay
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Unions step up fight against Enron directors
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Enron probe expanding to Wall Street players

Watkins shines as hero in the sad saga of Enron
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What was the government doing when Enron was in free fall?
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Wall Street Is Under Enron Microscope
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Many lawyers, consultants say Skilling should have kept quiet
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Two Enron Executives Want to Quit
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Lawyer: Enron's Chief Risk Office Wants To Resign
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McNair buys Lay's interest in Texans
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Enron losses hit mutual funds
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Debacle tormented former executive Baxter
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Enron: First, Apply the Law
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Enron has not been capitalism's best hour
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Practices Explain Why Enron Board of Directors Failed to See Problems
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Enron had nationwide strategy
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Enron exposure creates bump in road for WMI
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Enron lobbyist tried to craft political tool
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GAO won't sue Cheney for at least a week
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Enron Failure May Not Be Enough to Bring around Lasting Financial Reforms
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Enron Tried Venture into Water Trading with Deal in Madera
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_________________

  Asbestos:

Judge won't let Big Three consolidate "related to" asbestos lawsuits
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U.S. Auto Makers Lose Asbestos Claims Bid
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Babcock & Wilcox solvent at time of asset transfer
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Courts uphold asbestos claims
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Honeywell Among 36 Companies to Pay Asbestos Verdict
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Bush and Asbestos
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Dow Chemical Remains Silent On Exposure to Asbestos Cases
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Asbestos victims to lobby bankrupt company
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____________________

Brill Media filing for Chapter 11
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3rd Circuit Deals Blow to Banks Over Credit Card Fee Changes
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Discipline back in style amid credit woes
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Blowing The Whistle
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Firms face higher borrowing costs
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Sale of IT Group to Shaw Group hits snag
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Bilzerian gets house arrest
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Economists Become More Optimistic
About Outlook for the U.S. This Year
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Noteholders drop lawsuit against bankrupt Pillowtex
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Family Toy Store Chain Files for Chapter 11, Starts to Close Stores
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FDIC taps Bank One to sell NextBank
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Hamburger Hamlet:

Prandium's Hamburger Hamlet Deal Collapses, Bankruptcy Possible
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Owner of Two California Restaurant Chains May File Bankruptcy
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____________________

Accounting:

Andersen declares it will weather the storm
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Andersen Loses Hard Rock Hotel
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State agencies probe Andersen accounting
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'Bloodhounds' sniff out the money trail
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Andersen quits auditing for local Enron affiliate
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Enron's collapse: Our own story, by Anderson
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US firm questioned about accounting 

Andersen's Rise in 1930s Collapse
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Burst Bubbles Expose Cooked Books, Bring SEC Probes and Bankruptcies
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Forensic accountants solve financial puzzles, even crimes
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We're Shaken, But Not Broken, by Enron
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_____________________

CEOs reap big rewards from big failures
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Giants play losing game with bankrupt sponsors
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Airlines:

Candover buys Swissair ground unit
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United's New CEO Faces Labor Test
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Cost cutting is key, airline forum told

Air Afrique goes bust after years of crisis

___________________

Fugitive Lehman Brothers Broker
Surrenders Self to Federal Agents
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Credit card lenders raising rates
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Bankruptcies claiming gains of N.C. families
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Retailing:

Tough customers
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Retailing roulette
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__________________

Who rates ratings agencies?
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Kmart:

Discounters swarm to gain Kmart's share
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NRA Had Kmart In Its Sights
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Kimco CEO To Stay Longer
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Developer orchestrates for Kmart: Retailer, reorganizing under Chapter 11, able to lessen risk for 'superblock' plan
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Weyerhaeuser asks bankruptcy court to void contract with Kmart
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____________________

Disadvantaged credit card users in vicious cycle
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Hare Krishna:

Hare Krishnas Say Suit Spurs Bankruptcy Filing
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Bankruptcy appeal in US not to affect work in India
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_________________

Getting Debt-Free in an Economic Slump
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Montgomery Ward bankruptcy shelves tax precedent
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Financial clues hidden in corporate bonds
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OpTel emerges from bankruptcy as TVMAX
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - Updated February 11, 2002
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Bankruptcy Court Web/Pacer Site Directory

Bankrupt Vision Metals vows to find buyer
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A New Credit Crunch
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Mooney Aircraft:

Buyer Could Bring New Life to Embattled Bankrupt Kerrville, Texas-Based Aircraft Maker
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California firm taking run at Mooney Aircraft
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____________________

Telecoms:

Global Crossing Draws More Scrutiny
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SEC Questioned Global Crossing
On Practices in Summer of 2000
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Bankrupt telecom's workers lose pay
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The Tidal Wave Bearing Down on Telecom
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Telecom carriers aim to slash spending
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Gadfly Who Raised Some Early Questions
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Fiber glut
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Qwest receives US SEC subpoena for Global Crossing documents
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How Executives Prospered as Global Crossing Collapsed
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FBI, SEC expand probe of bankrupt Global Crossing
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___________________

Trying Too Hard, an Entrepreneur Falls
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Turnaround artists aim to fix broken companies

Bank of America will pay $490 million to settle suits
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Corporate Rating Business a Goldmine

Power Utilities:

Montali Kicks Restructuring Plan Back to PG&E
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Bankruptcy Judge Declines to Free PG&E From State Oversight
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Judge Warns PG&E About Plans For Utility Unit's Reorganization
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S&P Raises Ratings for Edison, Utility Unit
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Attorney General's Suit Against PG&E Corporation Transferred to Bankruptcy Court
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_____________________

Steel:

Top nations agree to cut global steel production

__________________

Rivals feed on dot-com ruins
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InfoSAGE sues Mellon Ventures: Software firm claims fund foiled financing plan
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Bankruptcy court could make you return money you were paid
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Houlihan's CEO: Chain can restore 'its former glory'
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England:

Bankruptcy Statistics - 4th Quarter
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How to cope with boom in going bust…
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Wakeham 'not party to Enron fraud'
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British press watchdog chief advised Enron
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Computers help hunt down fraud
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Enron: UK firms 'will lose billions'
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Today's way to deal with debt - go bust z
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Dailywin creditors agree to drop winding up petition in return for payment
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____________________

Korea:

Hynix walks tightrope in dual-track talks
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___________________

China:

A Race Against Time
(WSJ: separate paid subscription required)

__________________

Canada:

Growth in jobs stuns analysts
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Housing starts at highest level since '90
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Mercer's chief predicts bankruptcy for troubled Skeena Cellulose
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____________________

Japan:

Defenceless Japan awaits typhoon
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Fear of meltdown
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___________________

Australia:

Insolvency crisis looms as premiums rise
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____________________

Mexico:

US sneezes, Mexico catches cold
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____________________

South Africa:

South African bank's accounts frozen
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_____________________

Argentina:

Argentina’s rant of despair
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__________________

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