February 14, 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:

Investigators seek deal with ex-Enron accountant
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Does Enron Need a Trustee? Shareholders, energy companies are asking judge to appoint bankruptcy overseer
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Enron Exec to Be Star Witness
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Enron Insurers Seek Protection
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Milberg Jabs Rival for Lead in Enron Suit
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Request to judge seeks workers' severance pay
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Lay Warned: Come Clean
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Ken Lay's Best Defense
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Enron Official Expected to Say Many Knew of Irregularities
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Documents map details of creative accounting
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$1.4 Million For Enron Book
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Records Show Whistleblower Told Enron's Lawyers Andersen Knew about Deals
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Crack in Enron silence
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Board told about deals, records indicate
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Petrobras may buy Enron's gas assets
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Houston Law Firm's Enron Work Comes under Lesser Scrutiny
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Two subsidiaries close to sale, may bring $3.4 billion - Creditors of other company units are squabbling over revenues in bankruptcy
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Documents Show 2 Sides of Enron Partnerships
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Legal eagles vie for Enron bonanza
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Former Enron Workers Want Severance
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Senate Explores Trading-Law Exemption Change
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US lawmaker delays introduction of derivatives bill

FERC chairman ordered to reveal Enron contacts
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Enron fires executives Causey, Buy: Enron attorney

Enron Hoped to Extend Influence
To International Accounting Group
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10M for Ex-Enron CEO Home
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Investigation into power, gas markets ordered - Probe to seek link between Enron, traders and high prices in West
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Hear the one about Enron? Energy giant's collapse is money in the bank for comedians
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Bankers helped in hatching ventures
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A Fund Plea From Volcker Aroused Hopes at Enron
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Memo Shows Watkins Pushed for Fix
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Enron was losing credibility long before 2001: Dynegy

How Enron played the media
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Enron Follies
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Enron-endowed professorships affected by fallout from Enron bankruptcy, investigation
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Enron's fall hits Downriver
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Post-Enron Financial Reforms Taking Shape in Congress
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Enough!
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Bank of America, Wachovia Suffer in Enron Fall-Out
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Investors Taking a Fresh Look at Qwest-Enron Deal
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Speaking from experience - Executive Eager To Have Name Associated With Enron
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Enron Communications Leasing files for Chapter 11
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  Boston Chicken auditor, backers to pay millions
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Use of retention bonuses draws fire
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Telecoms:

Being Global Crossed
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Global refused to warn investors

Big Payday for CEO as Firm Sinks
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Nortel must jump debt hurdle Sales forecast may be cut: Banks may call its loans, raise rates if it misses target
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C&W comes clean on capacity swaps
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360net given deadline on U.S. creditor concerns
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Telecom 'swaps' generate attention
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House likely to investigate failure of fiber-optic company
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Accounting:

Grim and grimmer
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Investors' distrust propels firms to issue restatements
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FASB Seeks Change to Off-Book Debts
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SEC wants faster, broader corporate disclosures
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Accountancy crisis
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Regulators, Lawmakers Crack Down on Financial Reporting in Enron Aftermath
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Damage control
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Volcker Sought Enron Funds for Foundation
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Accounting-Related Share Plunge Devalues Symbol by $570 Million
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Accounting questions add potholes to Global Crossing's road
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Bridge:

Bridge's liquidation confirmed
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Bankruptcy Judge Approves Liquidation Plan for Financial Information Firm
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Power Utilities:

CPUC files alternative reorg plan for PG&E
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PG&E Issues Statement On CPUC Term Sheet
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Polaroid:

Polaroid may stand alone or sell
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Polaroid India To Restructure For 25% Sales Growth
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Polaroid India on restructuring drive
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Concern over credit delay causes Calpine shares to decline
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FDIC: 25 banks saw $2.68 billion in Enron, Argentina chargeoffs
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Senate bill could stymie stock options
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U.S. Restaurant Properties, Inc. Comments on ICH Corporation Bankruptcy
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NYSE sets up governance committee

J.P. Morgan Seems Most Exposed To Tyco International's Loan Risk
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Micron gets bankruptcy deal on Music assets
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New Bankruptcy Opinions
(No new opinions today)

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

Judge wants change in World Access liquidation
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Law Firm Restructuring:

Orrick OKs Lock-Step Salary Hike
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Fear Factor
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Will bankruptcies burn banks?
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Allegheny:

Liquidating Allegheny Health getting $56M in theft settlement
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Pittsburgh-Area Foundation's Creditors Awarded Pennies on Dollar
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Kmart:

Judge OKs Kmart Emergency Request
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Supporters Rally Around Kmart
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Judge Allows Kmart to Pay Key Advisers
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DIP Dimensions: Arthur D. Little Inc.
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Kaiser Aluminum:

Spokane residents worry about Kaiser
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Kaiser Aluminum Granted Interim Use of Up to $100 Million of $300 Million DIP Financing in Voluntary Chapter 11 Case; Court Approves First-Day Orders
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__________________

Zolfo Cooper turmoil
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Steel:

Hearing on Northwestern liquidation is delayed
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Plant turns attention to LTV bidders
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LTV salaried workers suing for severance pay
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LTV shutdown hits processors
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Steel and the National Security
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Washington puts high price on steel industry bail-out
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U.S. Steel Forges Backup Plan As Large Tariffs Look Elusive
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Steel rivals join in call for tariffs
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USWA Tells Senate Finance Committee: `President Bush Has the Power to Save American Steel'
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Airlines:

United, Unions In Strike Countdown - Bankruptcy Possible
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British Air to Cut Jobs, Routes
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Deep distrust threatens United
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Ex-Boise car dealers jailed on 77 felony charges each
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Germany:

Kirch Group meets with creditors
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Argentina:

Argentina seeks billions to survive crisis
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