February 4, 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:

Son and Sister of Enron Chief Secured Deals
(DBN Subscription Required)

Dynegy Lawyer: Andersen Told Us Enron Was Clean
(DBN Subscription Required)

Enron mess: What is a subsidiary, anyway?
(DBN Subscription Required)

Enron boss backs out of congressional appearance
(DBN Subscription Required)

Lawyers Say Board Report Has Limited Value for Them
(NYT: separate free registration required)

Ex-workers let down as Lay alters his plans
(DBN Subscription Required)

Lay's fall from Aspen
(DBN Subscription Required)

US Senate cancels Enron hearing as Lay refuses to appear

Text of Letter of Ex-Enron Chief
(DBN Subscription Required)

Bank of America Subsidiary Sued over Advice It Gave on Enron Bonds
(DBN Subscription Required)

Lay Cancels Congressional Testimony, Citing Reaction to Report
(DBN Subscription Required)

Lawyers for Former Enron Workers File Motions
(DBN Subscription Required)

As Enron Purged Its Ranks, Dissent Was Swept Away
(NYT: separate free registration required)

Enron Scandal Spotlights Lawyers
(DBN Subscription Required)

After Enron, the World Cries Foul
(DBN Subscription Required)

How to lose friends in Washington
(DBN Subscription Required)

Excerpts From Enron Investigation
(DBN Subscription Required)

Explaining the Enron collapse through simple financial terms
(DBN Subscription Required)

A closer look at the Enron debacle
(DBN Subscription Required)

Kenneth Lay, Others From Enron
Face a Full Schedule of Hearings
(WSJ: separate paid subscription required)

Ex-Enron officer Kopper subpoenaed by House Energy panel

Big Boots to Fill
(DBN Subscription Required)

Ex-Enron's Fastow, Skilling to face Congress Feb 7

Curiouser and Curiouser
(DBN Subscription Required)

The Deal Enron Didn't Get
(DBN Subscription Required)

North Carolina's biggest banks feel fallout of Enron collapse
(DBN Subscription Required)

Enron Conflicts Abounded
(DBN Subscription Required)

Auction to clear out Enron HQ
(DBN Subscription Required)

The Real Enron Scandal
(DBN Subscription Required)

Enron Official Seen Facing Criminal Prosecution
(DBN Subscription Required)

Bermuda firms risk perception of dodgy dealings
(DBN Subscription Required)

In a Galaxy Far, Far Away . . .
(WSJ: separate paid subscription required)

Head of Enron's Internal Probe Walks Tightrope as Board Member
(DBN Subscription Required)

Enron Gives Some a Case of Deja Vu
(WSJ: separate paid subscription required)

How Enron implosion is hurting California
(DBN Subscription Required)

PR spin hides truth about Lays
(DBN Subscription Required)

More Enron Fallout
(DBN Subscription Required)

Enron Swallowed $357M in PGE Payments
(DBN Subscription Required)

Minutes From a 1997 Meeting Reveal
Enron Brass Were in Partnership Loop
(WSJ: separate paid subscription required)

Are the Lays as Destitute as They Say?
(WSJ: separate paid subscription required)

Pittsburgh company being sold to raise money for Enron
(DBN Subscription Required)

Enron II': There's no such thing as a free banquet
(DBN Subscription Required)

The house that Enron built
(DBN Subscription Required)

Immunity to Enronitis May Be Illusory
(WSJ: separate paid subscription required)

Enron Scandal Shocks Even Those Who Helped It Along
(DBN Subscription Required)

Lay's political savvy backfires / Insider status now under scrutiny
(DBN Subscription Required)

Enron's failures rippling
(DBN Subscription Required)

Company's collapse shows system works
(DBN Subscription Required)

Students eye Harvard link to Enron
(DBN Subscription Required)

Ex-Enron Employees Face Tough Times
(DBN Subscription Required)

The rise of Ken Lay as dramatic as his fall
(DBN Subscription Required)

Enron and its overseers have left ethics in shreds 

Many Will Listen to Kenneth Lay
(DBN Subscription Required)

How the Treasury Lost a Battle Against a Dubious Security
(WSJ: separate paid subscription required)

Enron creditors facing a choice
(DBN Subscription Required)

Enron execs 'cleaned up'

Enron by Any Other Name
(WSJ: separate paid subscription required)

Davis Conferred With Enron's CEO During State Energy Crisis
(DBN Subscription Required)

White House Told to Save Enron Records
(DBN Subscription Required)

Report blames Enron culture for collapse
(DBN Subscription Required)

Congressmen Question Legality Of Some Enron Transactions
(WSJ: separate paid subscription required)

Enron: Crisis -- and Opportunity
(WSJ: separate paid subscription required)

Tougher Rules Seen for Enron-Type Deals
(DBN Subscription Required)

Enron Specter Haunts World Forum
(DBN Subscription Required)

Poll: Majority Favors Congressional Right to Know
(DBN Subscription Required)

Bush proposes post-Enron pension reform
(DBN Subscription Required)

Bush guards energy files
(DBN Subscription Required)

Enron staff ran secret sideline
(DBN Subscription Required)

Enron Executives Got Rich Hiding $1 Billion Loss, Report Says
(DBN Subscription Required)

Shareholders eager to sue in the aftermath of Enron
(DBN Subscription Required)

BPA ending contracts to sell $285 million in power to Enron
(DBN Subscription Required)

Memo to Enron's Lays: It's hard times all around
(DBN Subscription Required)

Ties to Enron Pose Vexing Problem on Campaign Trail
(DBN Subscription Required)

Enron's India Power Plant Goes under the Hammer
(DBN Subscription Required)

Enron extraordinarily lucrative but wrong
(DBN Subscription Required)

Investigators To Take Hard Look At Enron's Board
(WSJ: separate paid subscription required)

Deep Roots of Enron Fall Studied
(DBN Subscription Required)

How a fledgling water business helped sink Enron
(DBN Subscription Required)

Sports authority repays ballpark loan
(DBN Subscription Required)

Limbach touched by Enron crisis

Bentsen heads roundtable session with ex-Enron workers
(DBN Subscription Required)

Lay: Corporate father figure-turned-condemned business titan
(DBN Subscription Required)

Jackson seeks support for ex-Enron staffers
(DBN Subscription Required)

Enron Vacates Most of Its California Offices
(DBN Subscription Required)

The Enron watch
(DBN Subscription Required)

____________________

  Houlihan Retained In Bankruptcy Case Despite Being On Both Sides
(DBN Subscription Required) 

Sunbeam to seek DIP loan extension
(DBN Subscription Required)

Bankruptcy Reform:

Lawmaker interest in bankruptcy reform fades
(DBN Subscription Required)

Hope for near-bankrupt countries
(DBN Subscription Required)

____________________

Telecoms:

NextWave wants top court out of license dispute
(DBN Subscription Required)

Level 3 says does not anticipate bankruptcy
(DBN Subscription Required)

Bankruptcies rattle giants of telecom
(DBN Subscription Required)

More opposition to ICG's disclosure statement
(DBN Subscription Required)

Bankruptcies, Losses Roil Telecommunications Industry This Week
(DBN Subscription Required)

Broadslate Networks to cease operations
(DBN Subscription Required)

Global Crossing Faces SEC Probe Of Accounting Practices on Leases
(WSJ: separate paid subscription required)

A Port in the Storm for Global Crossing?
(DBN Subscription Required)

Not Corrupt, Just Stupid
(DBN Subscription Required)

Connecticut Wants $96 Mln Forstmann Little Stake Back
(DBN Subscription Required)

Denver Attorney Questioned about Role in Failing Bermuda-Based Telecom
(DBN Subscription Required)

Nextwave Urges Court to Reject Appeal on Licenses
(DBN Subscription Required)

Tale of 2 telecom stocks
(DBN Subscription Required)

The Strong Will Survive the Fallout in Telecom
(DBN Subscription Required)

After Years of Struggles, Bankruptcy, Dallas-Based Wireless Phone Firm Launches Service
(DBN Subscription Required)

Brownstein denies insider trades
(DBN Subscription Required)

_____________________

Automakers Report Sales Decline
(DBN Subscription Required)

Goss To Be Bought Out Of Bankruptcy
(DBN Subscription Required)

Derivatives Cops Are Wanted
(WSJ: separate paid subscription required)

Stockton, Calif.-Area Grower's Production Lines to Hit Auction Block
(DBN Subscription Required)

Dow Corning to Cut Work Force by 700
(DBN Subscription Required)

 

Burlington Industries trying to stitch wounds and get well
(DBN Subscription Required)

Law Firm Restructuring:

Brobeck Boots Associates, Staff
(DBN Subscription Required)

___________________

Accounting:

Arthur Andersen Hiring Paul Volcker
(DBN Subscription Required)

Accounting group drops resistance to SEC limits
(DBN Subscription Required)

American Institute of Certified Public Accountants Agrees to Federal Rules (DBN Subscription Required)
(DBN Subscription Required)

Tougher rules for shady deals Off-balance-sheet entities to be in focus 

Spooked! - The accounting woes that shook the market are far from over
(WSJ: separate paid subscription required)

Enron's Troubles Are Felt Overseas As Companies Rethink Accounting
(WSJ: separate paid subscription required)

SEC investigating accounting allegations at Global Crossing
(DBN Subscription Required)

Accounting giants move to end conflicts
(DBN Subscription Required)

American Institute of Certified Public Accountants Agrees to Federal Rules
(DBN Subscription Required)

Andersen under attack from all sides
(DBN Subscription Required)

PWC chief seeks accounting principles - Feb. 1, 2002
(DBN Subscription Required)

Pitt Wants Quick Answers on Partnership Accounting
(DBN Subscription Required)

KPMG Posts 2nd-Quarter Profit
Despite a 16% Drop in Revenue
(WSJ: separate paid subscription required)

World needs tough accounting rules, economic forum told 

For Andersen's Berardino, Overhaul Pledge Marks Reversal
(DBN Subscription Required)

Auditors get jump on jobs with clients
(DBN Subscription Required)

Concerns rise as Ashland OKs auditor
(DBN Subscription Required)

Andersen announces major restructuring
(DBN Subscription Required)

Audits and the Bubble
(DBN Subscription Required)

Unilever to review dual role of PwC auditors
(DBN Subscription Required)

CPAs offer 'tips' too late
(DBN Subscription Required)

After Enron Controversy, Questions Raised about Employment of Accountants
(DBN Subscription Required)

Disney Move Prompts Firms to Mull Severing Auditing, Consulting
(WSJ: separate paid subscription required)

Auditors often fail to warn of bankruptcies
(DBN Subscription Required)

Enron debacle forces focus on audit committees
(DBN Subscription Required)

__________________

GOP candidates blast trial lawyers
(DBN Subscription Required)

Sulzer:

Firm to pay $1 billion for faulty hip replacements
(DBN Subscription Required)

Sulzer Medica settles hip and knee law suits
(DBN Subscription Required)

____________________

Advances in Loss Mitigation Will Ease Foreclosure Burden
(DBN Subscription Required)

Doctors who heal ailing companies
(DBN Subscription Required)

Analysts Comment on Houston Economy
(DBN Subscription Required)

Executives' image slips in new poll
(DBN Subscription Required)

Employees rescue S.F. printing from bankruptcy
(DBN Subscription Required)

Comdisco-Tyco deal falls apart
(DBN Subscription Required)

Tyco Reveals $8 Billion in Deals
Made Recently, but Not Disclosed
(WSJ: separate paid subscription required)

A patchwork recovery
(DBN Subscription Required)

De Lorean car scandal returns to the headlines
(DBN Subscription Required)

Store Closings Dominate News in January
(DBN Subscription Required)

WebLink Wireless files reorganization plan
(DBN Subscription Required)

The payoff for years of hard work
(DBN Subscription Required)

Enron (cont. from 1st col.):

DLA $1.1-mil cobalt sale to Enron "under litigation"

Ex-SEC Accounting Chief Sutton Moves To Front Of The Line For Top Spot At FASB
(DBN Subscription Required)

Federal Agencies Handle Enron Order
(DBN Subscription Required)

SEC Didn't Keep a Close Watch on Enron
(DBN Subscription Required)

The Big Picture Enron scandal: They all fall down
(DBN Subscription Required)

Arthur Andersen says Enron committee report "troubling"

Fallout from Enron's Downfall: Energy Policy Back in Spotlight
(DBN Subscription Required)

Barclays hires 2 ex-Enron executives to run energy trading desk
(DBN Subscription Required

Formosa to seek $14.7-mil from Enron in bankruptcy claim

______________________

 

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - Updated February 4, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Bankruptcy attorneys thrive in tough times - Some criticize the 'mill' feel, but others say clients are served well
(DBN Subscription Required)

Increasing debt traced to attacks
(DBN Subscription Required)

AMF plan gets confirmed
(DBN Subscription Required)

Judge OKs Derby Cycle's liquidation plan
(DBN Subscription Required)

Kmart:

Investors wagering on Kmart recovery
(DBN Subscription Required)

Unkempt Stores a Source of Kmart's Problems
(DBN Subscription Required)

In the retailing game, Kmart finds field position is everything
(DBN Subscription Required)

Martha Stewart sticks by Kmart - for now; judge may have other housing plans
(DBN Subscription Required)

Going it alone would be good thing
(DBN Subscription Required)

__________________

CoServ:

CoServ files Chapter 11 to stop foreclosure
(DBN Subscription Required)

Lender Forces CoServ Electric Into Chapter 11 Filing
(DBN Subscription Required)

Dallas-Area Utility Files for Bankruptcy, Sues Lender
(DBN Subscription Required)

_____________________

Asbestos: It Could Be Hiding
Somewhere In Your Portfolio
(WSJ: separate paid subscription required)

Primestone Appeals Crt's Dismissal Of Bankruptcy Petition
(WSJ: separate paid subscription required)

Gates Sees No Economic Recovery in 2002
(DBN Subscription Required)

Leon Black charged in Executive Life suit
(DBN Subscription Required)

Hawaii: Not everybody doing the Local Motion
(DBN Subscription Required)

A penny saved - During a recession, what's wrong with being a cheap date?
(DBN Subscription Required)

Airlines:

UAL Posts Biggest Loss in Airline History
(DBN Subscription Required)

United Expected To Seek U.S. Aid
(DBN Subscription Required)

Wide-body graveyard
(DBN Subscription Required)

Delta posts $734 million loss despite government bailout
(DBN Subscription Required)

United operating in restricted space
(DBN Subscription Required)

United's aim now survival
(DBN Subscription Required)

Canada 3000's cargo service sold
(DBN Subscription Required)

_____________________

GE chief faces questions from the skeptics
(DBN Subscription Required)

Data Point to a Healing Economy
(WSJ: separate paid subscription required)

Awash in a Sea of Deals
(DBN Subscription Required)

As Firms, Consumers Feast on Debt, Some Say Economy Can Stomach It
(WSJ: separate paid subscription required)

Selling out the faithful
(DBN Subscription Required)

Executives' pay stirs furor amid big failures
(DBN Subscription Required)

Bankrupt Phar-Mor gets filing extension
(DBN Subscription Required)

Perks for top brass still shine, but out of shareholders' sight
(DBN Subscription Required)

Winds of uncertainty sweep US boardrooms
(DBN Subscription Required)

The enemy within USA Inc
(DBN Subscription Required)

Boards need to ride herd on executives
(DBN Subscription Required)

Warburg would retain big stake in PhyCor
(DBN Subscription Required)

Credit concerns threaten business investment plans
(DBN Subscription Required)

Polaroid pension threat seen
(DBN Subscription Required)

Failures outpace regulators
(DBN Subscription Required)

Bail? Here Are Seven Signs Your Company Is Sinking
(WSJ: separate paid subscription required)

AMRESCO mortgage firm to be delisted from Nasdaq
(DBN Subscription Required)

Charlie Falk financer files for bankruptcy
(DBN Subscription Required)

Default Management: Too Much Debt?
(DBN Subscription Required)

When a company enters bankruptcy, shareholders can kiss their money good-bye
(DBN Subscription Required)

Some Stores in Raleigh, N.C., Area to Call It Quits
(DBN Subscription Required)

Sam & Libby may go Wild after liquidation
(DBN Subscription Required)

Anadarko shows how to handle big blues

CalPERS Doubted Enron Partnership
(DBN Subscription Required)

Steel:

LTV trust will give its money to charity
(DBN Subscription Required)

___________________

More Northern Floridians File for Bankruptcy during Recession
(DBN Subscription Required)

U.S. court orders liquidation of insurer PHICO
(DBN Subscription Required)

Argentina:

Argentina shelves crisis plan due bank curb ruling
(DBN Subscription Required)

Argentina closes banks to buy time
(DBN Subscription Required)

Argentina poised to announce economic crisis plan
(DBN Subscription Required)

Argentina Unveils Crisis Strategy, to Ditch Dollar
(DBN Subscription Required)

Body blow for Argentina
(DBN Subscription Required)

Argentina to Let Peso Float Against Dollar, Print 3.5 Bln Pesos
(DBN Subscription Required)

___________________

England:

Ministers say Enron links 'entirely proper'
(DBN Subscription Required)

Enron donated to Charles' fund
(DBN Subscription Required)

Charles defends Enron meetings
(DBN Subscription Required)

British Official Resigns Over Enron Role
(DBN Subscription Required)

___________________

Japan:

Sports Shinko golf firm bankrupt
(DBN Subscription Required)

Koizumi's honeymoon ends
(DBN Subscription Required)

FSA to apply new law to failed banks
(DBN Subscription Required)

___________________

Scotland:

Insolvencies rocket 21%
(DBN Subscription Required)

Scottish business failures at 10-year high
(DBN Subscription Required)

___________________

Canada:

Le Soleil developer loses control of 122-room hotel
(DBN Subscription Required)

Bankrupt Uniforet gets extension
(DBN Subscription Required)

______________________

Chile:

Chile Studies Law on Bankruptcies in Football
(DBN Subscription Required)

_________________

Germany:

Deutsche's profit plunges 

____________________

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright © 2001-2002  [BKINFORMATION.COM]. All rights reserved.