February 22, 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:

Enron Director's Purchase Paved the Way for Chewco Partnership
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Enron Had an $8 Million Legal Bill in December
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Fed Examines J.P.Morgan Enron Deals
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Shady Enron Doing Go Back to '87 - Report
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Enron Says 'Fresh Start' Means a New Name
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Enron Unit's Finances Set for Close Scrutiny by Examiner
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Enron Could Be Improperly Hiding Away Money from Its Largest Subsidiary
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Bankruptcy Court Orders Examiner for Enron's Biggest Unit
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House Unit to Probe Six Wall St. Firms
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Videotape shows Enron management urging employees to invest all
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Firms Seek to Cancel Enron's Insurance
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Enron probe more riveting than Olympics
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Enron's Business in Caymans Raised Suspicions on Island
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Jeb Bush Was in Enron Partnership
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Enron to change name, move premises
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House wants to question CIBC
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Enron exec's testimony disputed - Waxman says tape shows Olson touted firm's stock
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Wall Street 'duped by Enron trading sham'
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Clinton staff helped Enron
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Experts warn of dire effect from financial 'witch hunt'
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Enron's entrepreneurial spirit finds new paths
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How to Make the Enron Gang Pay
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Enron to pay further round of retention bonuses to key staff
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British Energy Supplier Centrica Is in Talks to Buy Enron Spinoff NewPower
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CEOs get paid `big bucks' to know details
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Connecticut Feels Fallout From Enron
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Envoy admits Enron shares cash-in
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County Tax Assessor: Enron Owes Nearly $3M
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Public interest law firm expands suit in US energy case

Enron haggles through Asian asset liquidation
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Vlasic postconfirmation entity sues Campbell Soups for $250 million fraudulent transfer
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Law Firm Restructuring:

Fewer New Partners at CT Firms
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Another Group Leaves Pepper Hamilton
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London Branches Ride Out Recession
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Conseco offers 'Dollars 120m settlement'
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Company Submits Bid for Bankrupt Dome Building in Downtown Chattanooga, Tenn.
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Computer Associates Is Forced
To Turn to Backup Credit Lines
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Bankruptcy boom hits US economy
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Financial publisher Mergent files for bankruptcy
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Increase in CMBS Delinquencies Reflects Fallout from Sept. 11 Attacks
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  Banking loan deals examined
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Comdisco bankruptcy is study in turmoil
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Asbestos claims soar as more companies sued
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Bankruptcy Maneuver Stirs Fight in Airport Car Rental Industry
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Telecoms:

Rhythms execs misled investors, lawsuit claims
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Telecoms companies call on each other
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Global Crossing puts execs first
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Woes deepen at British telecom firms
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Williams Communications May Issue Stock for Debt To Avoid Default
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Global Crossing shareholders to propose alternate bailout plan
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Global Crossing moves protected executive pay
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Global Crossing: Side deal with a suitor
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Did Global Crossing rob employees? - Top executives received controversial payouts
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Ahead Communications Files for Chapter 11
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Energis at mercy of its banks
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Bankruptcy A Possibility For Hybrid
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XO Communication expects to file for bankruptcy
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A New Chapter in the McCaw Saga: 11
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Call-Net reaches deal with lenders
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Worse yet to come for telecom industry
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Power Utilities:

PG&E to Proceed With Reorganization
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PG&E delays earnings
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PG&E Has Accounting Problem With Synthetic Lease
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PG&E Flags Possible Accounting Errors
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Calif. Regulators OK $11.1B Sale
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AIG:

PNC and Enron dealings hit AIG's share price
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AIG shares fall on SEC probe
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Airlines:

Greek Airline Cuts 2,000 Jobs
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Former Canada 3000 CEO abandons new airline plan
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Parent of St. Paul-Based Minnesota Brewing Files for Chapter 11
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Kmart:

Kmart to Release List of Store Closings March 20
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Former lawyer faces justice: Goldings allegedly pocketed $17M 

Steel:

Deal paves way for CSC liquidation
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Three bids go to LTV
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Waste Management CEO Calls SEC
Unfit to File Suit Because of Conflicts
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated February 22, 2002
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Bankruptcy Court Web/Pacer Site Directory

Recession brings a boom time - Bankers are finding that advising potential acquirers of bankrupt concerns provides another lucrative line of business
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CIT slowly re-emerges in DIP lending
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Majority of NABE forecasters say US recession is over
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DCT:

Laid-off workers consider suing involuntary bankrupt, DCT Inc.
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Michigan Auto Supplier's Problems Trickle Down to Employees, Vendors
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A Loan Gone Bad Kills an Enviable 23-Year Earnings Streak
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Accounting:

Enron fallout hits workers at Andersen
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The rush to disclosure
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Forensic Accountants Dig Up Legal Dirt in Questions of Finance
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The name of the game is 'numbers
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Quick Andersen settlement on Enron debacle unlikely
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Don't shoot the analysts
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FEI Forms Task Force to Address Post-Enron Reforms

Hard-to-Decipher Results Invite Investors' Wrath
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Florida Task Force to Mull Changes in Auditing Rules
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Grenelefe:

Life Goes On at Florida's Grenelefe Resort -- With Golf, Guards and Grudges
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Grenelefe Resort files bankruptcy
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Restaurant Operator Steakhouse Partners Files for Chapter 11
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Zomax buying bankrupt iLogistix for $24.6 mln plus debt
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Household Gets Rapped
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Kimco Gives Struggling Retailer a $30M Hand To Exit Bankruptcy
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Globix Delays Chapter 11 Filing
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More in Tristate go broke - Bankruptcy filings leap by one-third
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Japan:

Japan Metals to file for protection from creditors
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Hong Kong:

Hong Kong joblessness soars
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Canada:

Skeena Cellulose gets new deadline
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Former owners buy back Skeena
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England:

Debtor's denial
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Receiver moves into Marlborough
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