February 13, 2002 

Daily Bankruptcy News

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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:

Enron to file restructuring plan
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Vinson & Elkins off Enron team
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Powers' Position
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Permanently deferred salary
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PwC Confirms Enron Direct Creditor Terms, Defends Payout
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Enron cuts board by six - Company to present restructuring options to creditor committee
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Enron Executives Profited by Unloading Stocks as Units Failed
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Enron Stakeholders Won't Receive Interest
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In Enron's wake, executives ask questions unthinkable a year ago
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Lay May Have Tried to Mislead
The Public, Inquiry Memo Shows
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Energy traders predict tough year ahead
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UniCredit sues JP Morgan and Citibank over Enron
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Enron Paid Some, Not All, Deferred Compensation
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Enron's Lay takes the Fifth
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Enron trying to sell Bahama LNG/Florida pipeline project

Mind-bending adventures in Enronland
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Enron creditors want cash tracking changed
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Enron story is long on lessons for investors
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Web of Details Did Enron In as Warnings Went Unheeded
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Enron quotes
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Former Enron exec to discuss her now-famous memo to Lay
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Enron formed network of 16 companies in Spain
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Documents Show Enron Executives Repeatedly Briefed Board on Activities
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Lawyers, government want new overseers for Enron 401(k) plan
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Key lawmaker doubts Skilling didn't know about debt shielding
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Lay says silence does not mean guilt
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Houston home and apartment market surviving Enron's collapse
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Investigation of Enron's political influence sought

Lawmakers savage ex-Enron chief
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Calif. lawmakers seek contempt charge against Enron
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Free Speech and Enron Play in Debate Over Soft Money
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Enron executives will no longer handle retirement plans
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Bush draws admonition over papers - Judge: Get serious about records suit
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  Kaiser Aluminum:

Kaiser Aluminum files for Chapter 11
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Kaiser Aluminum Seeks Bankruptcy Court Protection
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Kaiser foreign ops excluded from Chap. 11
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Kaiser Aluminum Executes Definitive Loan Agreement for $300 Million Debtor in Possession Financing From Bank of America
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Closed smelters may not reopen, some experts say
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Aluminum giant files for bankruptcy, but state already feels Kaiser's pain
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Bankruptcy court approves $93.7 million AHERF settlement
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Bederson Names Chairman and Managing Partner
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Telecoms:

AT&T Canada bondholders jockey for bankruptcy edge
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A hollow ring: Telecommunications companies are facing questions about whether their reported revenues in the boom years were all they seemed
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Global Crossing battles accounting controversy
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SEC Adds Qwest To Global Crossing Probe
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Other Telecoms Made Use of Swaps
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Is Media Sidestepping Global Crossing Business Flop?
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Armstrong World Industries Faces Objections to Hiring of New Jersey Law Firm
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Nebraska Cattlemen Seek Relief from System of Liens
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Geneva Steel Postpones Chapter 11 Hearing - Wants to Avoid Major Confrontation
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Debt load a problem for firms, economy
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Court approves IT Group's DIP financing
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Deutsche Bank has no comment on Bankers suit
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Cantor Fitzgerald Asks Bankruptcy Judge to Reject Financial Data Firm's Plan
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Power Utilities:

PG&E gets bankruptcy court approval to upgrade Path 15
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A bankrupt idea
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_____________________

Bankrupt Foundry's Injured Workers Wait for Payment of Medical Bills
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Bankrupt Tire-Recycling Plant To Be Auctioned
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Airlines:

United Mechanics Reject Contract Proposal
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British Air to Cut 5,800 More Jobs
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______________________

Lason Inc. Plans to Come Back from Bankruptcy
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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

Coram to get special bankruptcy trustee
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PSINet, Under Chapter 11, Will Drop Name From Ravens Stadium in Baltimore
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How to salvage a company that is on the rocks
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Insurance for Directors, Officers on the Rise This Year
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Pen Holdings can use cash through March
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Accounting:

SEC to Unveil New Reporting Rules
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Enron case raises questions about auditors' independence
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Oklahoma-Based Companies Fight Own Accounting Battles
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System shakeup critical, former SEC chairmen say: 'Crisis of confidence': New accounting sector boss needed, Congress told
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Cable & Wireless hit by accounting worries
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C&W revenue scheme likely to fuel fears on accounting
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Former SEC chiefs call for broad audit reforms
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US regulations, market scrutiny likely in Enron's wake

Treasury Looks at Accounting Standards
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Guardian iT joins companies being called to account

SunTrust drops Andersen
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______________________

FDIC Scrutiny of Problem Institutions to Increase
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Bad loans leave J.P. Morgan in a tight spot
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Embattled Dallas-Area Electric Co-Op to Sell Gas Subsidiary
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These credit cards are at the top of the list
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Slow Payments a Big Problem for Small Businesses
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Aetna Industries files for Chapter 11
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Trustee Wants Wife of Former Kentucky Governor to Repay Pre-Bankruptcy Funds
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Grand jury indicts former CFO of bankrupt San Diego medical firm
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International Fibercom weighs bankruptcy
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Detroit-Area Lawn, Garden Retailer Proposes Stock For Debt
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Moody's Cuts Back on Plan to Overhaul Ratings Process
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Hilco Merchant Resources Conducting Store Closing Sales At 75 rue 21 Locations
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Court Approves $10 Million in Financing in Houlihan's Reorganization
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Humorix Declares Bankruptcy; Congress Does Not Launch Inquiry
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North Richland Hills, Texas, Ice-Rink Complex Files for Bankruptcy
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