February 15, 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:

Sherron Watkins sings like a canary
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Company executive says Lay was duped
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Feeding From Enron Bankruptcy Trough
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Feeding at the Enron Trough
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UST Approves Enron Request for Employee Committee
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Enron a Boon for Defense Counsel
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Enron Fires Two Executives
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For Executives of Enron Unit, the Skill Was in Leaving
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SEC's Pitt gets turn on grill
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Enron Watch: week of Feb. 11
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Does Enron Need a Trustee? Shareholders, energy companies are asking judge to appoint bankruptcy overseer
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U.S. trustee plans panel to represent ex-workers
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Employees React to Watkins' Testimony
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U.S. Probes Certain Enron Trades
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Enron in the Woodshed
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US federal judge asked to halt Enron suits in state court

Enron Whistleblower Feared for Job
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Enron's ex-staff fight for cash
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More fallout from Enron
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UBS Readies Enron Trading Platform
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Powers resigns from Enron board after completing report

Being `in dark' could be asset to Lay's case
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Heat from Enron's meltdown hits credit agencies
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Troubh Becomes Key Enron Player
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Ex-Enron risk officer refused to see Watkins' records

Trying to come to grips with Enron's mythology
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Upshot of Enron: More rules, reforms
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Enron workers seek $100 mn from bankrupt trader
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Grand Enron morality play

FCC review of Enron wireless settlement sought
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'Aggressive Enron culture tinged with fear'
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Enron executive says Fastow wanted her fired for going to chairman

U.S. energy trade grows more cautious post-Enron
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Senate Set to Introduce Bills to Prevent Another Enron
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Enron Plan Sought to Shift Blame
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Philippines Hopes To Ink Pact To Buy Enron Ops By End-Feb
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Been down this road before - Experts wonder whether Enron's collapse will result in 401(k) reforms the way Studebaker's demise improved pension plans
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Airlines:

UBS clients withdrew $471m due to Swissair
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Investor group to acquire Sun Country Airlines
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Buyer Emerges for Sun Country Air
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Sun Country Air sells assets, seeks bankruptcy halt
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How are airlines doing since terrorist attacks?
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Judge sets new date for National deadline
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  Bankruptcy Reform:

Administration puts forward international bankruptcy proposal
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Farmers Bankruptcy
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EU Commission Questions IMF Role In Sovereign Chapter 11
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SEC plans corporate crackdown - stiffer exec penalties
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Buffett reportedly in running for Tyco's CIT
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Asbestos:

Halliburton Asbestos Liability May Gain Clarity After Filing
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Halliburton Says Judge Halts Asbestos Suits
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Bankruptcy Court Stays Asbestos Claims Against Dresser Industries Inc. In Harbison-Walker Chapter 11 Filing
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More Enrons in Our Future?
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Steel:

Nucor sets sights on BirmSteel
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Lenders to Pay Defunct Ohio Steel Company CSC's Lawyers for Bankruptcy Work
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Stand Up to Steel
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US steel considers options if bid to raise tariffs fails

Nucor offers $500 mln for Birmingham Steel assets
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Law Firm Restructuring:

Atlanta Lawyers' Rates Grow Despite Down Economy
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UK Firm Mulls Putting Partners on Salary
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Clifford Chance Changes Staffing on Top 20 Clients
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Accounting:

Accounting industry beset by pressures, Volcker says
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IBM's Accounting Questioned
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JP Morgan Chase:

Traders Edgy About Morgan Chase Loans
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JP Morgan Chase
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J.P. Morgan Seems Most Exposed To Tyco International's Loan Risk
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Taking chances in the junk yard
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Comdisco extends exclusivity, sells unit
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Burlington reports deepening losses
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Bankruptcy threat to toy firms
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BigStar's lights fade to black
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Hard Times Ahead
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Crescent Operating to file for bankruptcy
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Governance ratings plan in the works
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Globix says bondholders approve reorganization plan
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International FiberCom Inc. Files for Reorganization Under Bankruptcy Laws; Plans to Continue Operations, Sell Assets and Restructure
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SEC General Counsel Leaving
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Comdisco Announces Fiscal First Quarter Financial Results
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Judge OKs bankruptcy plan for Shaw Cos. 

Stallone Sues Over Planet Hollywood Stock Losses
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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

Merrill urges cut in asset-backed allocation
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If commercial-paper market continues to narrow economists fear it may trigger a credit crunch
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Health Care Firm Settles Fraud Case
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Bankrupt Streampipe.com Acquired
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UBS and ABN warn of difficult days ahead
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PhyCor bankruptcy begets Aveta
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Telecoms:

Global Crossing Relations Disclosed
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Global Crossing to Leave Beverly Hills
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Have a nice day
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Tyco Unit Wants Global Crossing To Decide On Contracts
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Short-Term Lenders Cut Off Qwest's Cash
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Qwest shares sink over backup loan
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Qwest's Yellow Flag

Bidding for Telergy extended until March 1
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Court grants Foster & Gallagher file extension
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Kahala takes control of bankrupt Ranch*1
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GS Industries Gets Court OK To Extend DIP Loan
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Japan:

Borrowers warned of dangers of `090' loan sharks
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Corporate Bankruptcies Up in Japan
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Failure of heavy machinery maker shakes Niigata
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Big corporate failures test will to reform
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Marche Files For Bankruptcy

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Holland:

Prolion placed in technical bankruptcy
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Dutch FY bankruptcies 5,832, up 30 pct
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Poland:

Courts overloaded by bankruptcy cases
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Canada:

An industry under siege: Assembly-line job cuts will affect thousands of Canadians, but it is the parts makers who could be hit hardest
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Argentina:

Argentina Sets 20% Energy Export Tax But Vetoes Bankruptcy-Law Provisions
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Argentine devaluation prompts defaults
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Russia:

Gas giant calls for subsidiary's bankruptcy
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Korea:

Some Hynix creditors cautiously favor Micron
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England:

US scandals create opportunities in UK
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