February 5, 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:

An Unenviable Position
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Enron Law Firm Defends Itself Against Internal Report
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Lay leaves lawmakers looking for answers
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Dynegy files motion to move Enron lawsuit to Houston

Risky business- How did Enron break into the elite Wall Street world of bankruptcy insurance?
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Blunt Testimony From a New Insider
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Author of Enron Report: Company's Deception Started at Top
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Enron Investigative  Report:

Part 1

Part 2

Part 3

Part 4

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Enron workers' benefits reportedly raided
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Enron CEO Aided Colt's - Consulting Firm Penalized Over Conflict
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Legal Liability in Enron Fiasco
May Depend on Two-Page Memo
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Lay's homes offer a buffer amid financial woes
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Sex and The Scandal
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CalPERS knew of problem but kept silent - State pension fund didn't share data on executives' conflicts
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Caught in Enron's Undertow

Enron Internal Report May Give Creditors Legal Grist
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Enron Collapse Still Shaking Houston
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Enron: Where Are America's CEOs?
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Money Manager on Firing Line in Florida over Enron
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Lay's whereabouts a mystery
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Where Is The Enron Boss?
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Enron chief goes missing
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PWC: Enron European liabilities billions of dollars
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Internal Enron report should aid prosecutors
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Enron Set To Sell Broadband Assets
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Enron scandal reveals two Ken Lays
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Enron Board Raps V&E - Panel Finds Inflated Profits and Few Controls
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Lay resigns from Enron's board; lawmakers work on subpoenas
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Ex-CFO Fastow to take Fifth
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Fastow Quietly Wove A Web of Partnerships
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US Justice Dept. says Enron special prosecutor not needed

Ex-Enron staffers irked after trip to D.C.
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Biotech Comes Down With Enronitis
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Enron's Culture of Corruption
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Can PC sleuths undo Enron shredding?
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Lay quits Enron; senators threaten subpoena
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Insiders reaped pots of gold from development
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Dynegy charges Enron has only itself to blame
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Enron's excuses
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UT dean testifies: Check, balances 'simply broke down'
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Furious ticking
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Unions want Enron directors barred from all boards
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Enron Europe creditors meeting set for Feb 15: PwC

Odds workers will receive Enron payoff: 'Slim' 401(k) holders are the last to recover losses under bankruptcy law
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Played in Regulation Time - It’s tough to blame deregulation for the Enron debacle.
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Upcoming Congressional Hearings

Crocodile Tears
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Enron and the Triumph of Free Markets
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(continued to 2d col.)

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  Accounting:

Lawmakers urged to overhaul auditing rules
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Andersen Recasting Its Image
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Ernst & Young Latest Auditor Moving to Alter Some Practices
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Publicity-shy accountants rush out media briefings
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Global Crossing says panel to probe accounting
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Andersen UK audit clients silent on need for change
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Stocks Slide More on Widespread Accounting Fears
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SEC launches investigation into collapse of Global Crossing
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Accountable Accountants
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Global Crossing Stayed Silent
On Early Accounting Warning
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Auditors Use Andersen's Problems to Win Part of Polish Market
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Enron Accountants Draw a Leave
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Experts Say Enron Debacle to Bring Major Changes to Accounting Industry
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Superior management to probe accounting practices
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Questron:

Questron files for Chapter 11
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Sun Capital to buy bankrupt Questron
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Boca aerospace parts company Questron files for Chapter 11
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Judge grants DIP extension to Sunbeam
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Trailmobile Trailer files under Chapter 11
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Sun Healthcare to wait on Medicare settlement
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AMF plan gets confirmed
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Tyco to Tap Backup Credit Lines
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What Goes Down. ..Distressed debt investors are still finding some winners

Numbers crunch Wall St.
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Medison goes belly up during M&A talks
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Pennsylvania Fashions goes under
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Tyco deal comes 'unwound' as Comdisco saga continues
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Final Claims Against Grant City, Mo., Businessman are Filed in Cattle Scam
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Goss To Be Bought Out Of Bankruptcy
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Stockwalk expected to OK bankruptcy plan
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When a Blue Chip Goes Bankrupt
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No more free fixes for bankrupt Tiny Computers - Repair company requires consumers to pay for work
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Atlanta's Bankruptcy Rate Leads Nation
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Best go west when times are bad - The attraction of the US Chapter 11 process for bankrupt multinationals may spark cross-border disputes
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Murfreesboro, N.C.-Based Bus Tour Company Files for Bankruptcy Protection
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Cold reality begins to grip Generation X
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Paradise lost? - Lost Isle's heyday has given way to neglect and bankruptcy
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Enron (cont. from 1stcol.):

Did Enron Steal From Employees?
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'We Had No Money'
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Lay appears to have substantial assets at his disposal
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Pension funds say SEC chief Pitt unfit for Enron probe
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Ex-Enron Employees Retain Miami Lawyer
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Goldman CEO on Enron effect
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Enron board jumps into blame game
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Report credits Raptors with Enron's extinction - Energy behemoth mired in pit of greed and deceitful bookkeeping practices
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Enron Appears to Have Paid Taxes
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated February 4, 2002
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Bankruptcy Court Web/Pacer Site Directory

Judge OKs plan to sell Fruit of the Loom
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Cardin, Portman introduce pension bill
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Bagel retailer's liquidation goes in circles
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Corporate Debt Drags on Economy
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Telecoms:

Verizon Tries New Tactic in NextWave-FCC Dispute
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Global Crossing bankruptcy has worldwide effect
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Global Crossing Denies Charge of Employee
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Verizon Wireless to Take FCC Row to Court
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Global Crossing's Bankruptcy Is a Success Story
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Bankrupt telecom owes MCSi
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Williams denies it will follow rivals to Chapter 11
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Williams warned by creditors about loans
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Banks Say Williams Communications Could Be in Credit Default
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Williams Faces Concerns Over Credit
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Williams Cos. beefs up asset sales but shares fall
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Williams Cos. Facing Tough Choices
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Lenders Demand Williams Communications Plan by Feb. 25
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Global Crossing Vows to Probe Allegations It Duped Investors
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Cash crunch forces Carrier1 to cancel debt swap
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__________________

Federal-Mogul bankruptcy hearing may help Cooper
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Company Whistle-Blowers Can Salvage Their Careers
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Helping keep bill collectors at bay - Agencies more aggressive as consumer credit hits $1.65 trillion
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Fed Survey Finds Tighter Credit
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Bankruptcy Reform:

National Retail Federation Still Pushing For Passage of Bankruptcy Reform, Believes Bill Will Become Law This Year

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Sulzer:

Billion-Dollar Settlement Proposed in Implant Case
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Sulzer Medica
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____________________

In Bankrupt Firms, Stock Buyers Get What They Pay for
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Law Firm Restructuring:

Toward Higher Ground - A recession doesn't halt lateral moves
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2 Morgan Lewis Associates Fired Wednesday, Rehired Friday
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Pedersen to Linklaters
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__________________

Kmart:

Kmart closings may include 20 in Florida
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Kmart Gets Help With Real Estate Organization
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Kmart wants out of NASCAR deal
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Kmart Builds on Bankruptcy Online
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________________

Dotcoms:

Boom Town: Enron's lessons can be applied to Web issues
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C&W price cut for Exodus deal
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Digital Diaspora

___________________

Japan:

'Bank survivability' ratings for Japan
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_________________

England:

Royal & Sun's Net Erased by Asbestos
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