February 26, 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:

New Developments Threaten Enron Bankruptcy's Smooth Sailing
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Ex-Enron financial officer aiding probe - Central figure in money maze providing evidence, information
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Interim Enron CEO Won't Make Promise
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Senate awaits two tales of Enron
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Lay told workers of support for Bush
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Enron's Fall May Ensnare Houston's Top Law Firm
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Enron Hasn't Delivered on Promise
To Reveal Tax Records to Congress
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Judge freezes Enron unit's cash transfer - Payments were funding other business operations
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The Order

Securities trial in two years
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Skilling incorporated his own company shortly after leaving Enron
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Watkins, Skilling together?
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Texas to Aid in States' Enron Quest
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Democrats want to stop execs from using legal insurance
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Insurers Fault Enron Deals at Morgan
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Skilling at center of storm
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Analysts, Bankers to Testify on Enron
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Enron Traders Back on Floor
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Sour deal brings big profits to insiders
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University of Georgia Professor to Testify on Enron
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Ex-Enron CEO Skilling dismissed employee worries

DA says Enron may owe back tax
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Ex-Enron Head Faces New Questioning
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Skilling gambles on Enron testimony

New Enron bosses for NEPCO
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Post-Enron lessons must be learned: Lawyers
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Congress, SEC Mull Post-Enron Credit Rating Reforms
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Wall St. Cos Face Legal Challenges Over Enron Deals
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Judge Sees Settlement in Most of Massive Enron Suit
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Analysts' Enron Picks Face Scrutiny
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Enron Wind's farm plan turned down
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Moe Ginsburg unsecureds get new chance
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Kaiser Aluminum Salaried Retirees Association Shocked, Disappointed With Company's Benefits Decisions
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Steel:

Steelmaker LTV may pick asset buyer this week
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Will Political Winds Sway Bush on Trade?
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Study Says Thousands of Steelworkers Could Lose Jobs without Federal Help
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PeopleSoft Acquires Assets From Bankrupt Calico
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Bibelot creditors appeal Bankruptcy Court ruling - Petition seeks to reverse dismissal on technicality
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Lason Announces Filing of Amended Plan and Disclosure Statement
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  Legally enriched - Even in an ailing economy, lawyers are holding their own

More banking jobs at risk as Goldman sharpens axe
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Insurers may refuse cover for executives whose companies do not provide full disclosure
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Telecoms:

Insiders sold as telecom stocks fell
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Value of Global Crossing Is Placed
At a Fraction of Its Claimed Assets
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Ricochet Set to Bounce Back From Bankruptcy
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Mpower seeks Chapter 11 to recapitalize
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Bidding War for Global Crossing?
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Williams Communications Files for Bankruptcy Protection
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Williams looking for support for prepack
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JP Morgan Chase Is Big Loser Again
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Williams Comm Says Mulling Bankruptcy
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Williams Considers Chapter 11, Shares Plunge
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Telecom Turmoil Takes Its Toll
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Teligent: Operations at risk
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Death of satellite phone
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Ericsson seeking 670 mln skr from US's Globalstar for order cancellation
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Globalstar Receives Court Approval of All First Day Motions
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Telecom - Cloudy horizon
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Level 3 averts loan trouble
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Safety-Kleen:

Sale Plan Poses Questions on Landfill Cleanup in South Carolina
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Safety-Kleen Division Bought
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Newcor:

Newcor enters bankruptcy
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Newcor solicits Chapter 11 help

Newcor Files for Bankruptcy
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Milberg Faces Questions on Second Front
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Jazzland park set to file bankruptcy
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Sunkist Growers Inc.-created health plan files for bankruptcy
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White House may punish 'collapse dodger' bosses
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Dallas Company Halliburton Endangered by Asbestos Litigation
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ANC:

Creditor fights pay proposals in bankruptcy
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In Controversial Move, Bankrupt ANC Rental Corp. to Combine National, Alamo Operations
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Morgan Stanley shakes up its research rating system
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First Alliance fraud settlement near but elusive
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Workers Now Try to Find Ways To Band Together After Layoffs
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Power Utilities:

PUC Approves $11 Billion Energy Repayment Plan
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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

Bidding Procedures: No refunds
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Sheppard Mullin Names Bankruptcy Partners
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Simon Trans.

Salt Lake transport co. files Chapter 11
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Simon Files for Chapter 11, Will Cut Back Fleet 40%
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Simon Trans. Files for Chapter 11
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_____________________

Judge gives W.R. Grace more time
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A bulletproof test for investors to weed out cash-poor companies
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Kmart:

Top executives of bankrupt retailer bank millions and travel in a fleet of jets while planning store closings and layoffs
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Pointing Fingers - Internet entrepreneur's malpractice suit blames attorneys for loss
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Law Firm Restructuring:

LA Firms Eclipse Bay Area Rivals in Profits
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Cadwalader Doubling Size of London Office
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____________________

Stop & Shop offers $255M for Big V
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Accounting:

Arthur Andersen May Suffer Employee Exodus After Enron
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Lawmaker Wants Feds to Take Over Corporate Audits
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Documents Show Enron-Andersen Ties
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______________________

Aladdin Casino Asks to Liquidate Assets
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Some CEOs Received Big Payouts As Companies They Led Faltered
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Tower Tech, Inc. Emerges From Bankruptcy
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Kellstrom files Ch. 11, in asset sale
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Bigwhat.com Folds in Latest Dot-Com Bankruptcy
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Camellia Food Stores seeks bankruptcy approval
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Economy:

Quick earnings rebound ahead?
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Treasury Secretary upbeat on economy
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Economy may not reverse course yet - Despite recent robust sales, business investment contracting
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________________

Equitable Receivership Better than Bankruptcy
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Germany:

Kirch Selects Reorganization Panel
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Group embroiled in moves to stay afloat - Germany's bankruptcy laws have no provision to allow a company to keep its doors open while renegotiating its debts
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Japan:

O'Neill: Japan Situation Unsustainable
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Bailouts threaten Japan reforms
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____________________

China:

Job Security? Workers murder three state enterprise executives in 2001
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