February 8, 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:

What happened, what's next
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Trashed at home, Enron takes it out on India
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Enron Shakes Up D&O Market, But Long-Term Effect Looks Positive
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US takes the law to Enron
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Belco Transaction Is Scrutinized
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No easy escape from Enron: BPA may be stuck with costly power contract
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Committee Will Wait to File Suits
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Bidders to begin due diligence on Enron plant
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Ex-Enron CEO Heads for Congressional Hotseat
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Ex-Enron chief says he saw no problems
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Enron bosses slam execs, advisers
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Bad Cellular?

Enron Trustee Unloaded Shares
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Ex-Enron Exec Says He Was Unaware
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Enron Used Holland as Tax Haven
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Autopsy shows former Enron executive took sleeping aid, other drugs before suicide
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Did Citigroup have crystal ball?
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Credit Agencies Waited Months to Voice Doubt About Enron
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One by one, the wanted men from Enron opted to 'take the Fifth'
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Top-down failure
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How Citigroup Hedged Bets Against Enron
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Enron investigator says Lay felt betrayed
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Former Enron executive says he was out of the loop on partnership deals that helped cause collapse
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Enron's Travelgate? - Travel Agency Owned By Ken Lay's Sister May Have Received Favors
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Enron's Former Customers Try to Find a Replacement
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Insurers Chubb, American International Group Say Enron Hurt Profits
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Enron Finger-Pointing Escalates
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Soon, a Chance to See if Enron Is Stranger Than Fiction
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Wall Street Is Under Enron Microscope
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Enron COO says partnership concerns led to reassignment

Enron: The Movie - Hollywood’s Rendition Of Scandal Could Be Completed Next Year
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Some Ex-Enron Execs Watch Testimony
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Enron can weather bankruptcy, says president
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Before Enron and the auditors, we had the analysts
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Washington Attorney General Says State Might Not Recoup Enron Investment
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Enron London office contents to be auctioned Feb 27

Enron Should Spur Banking, Accounting Changes
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The lights went out, and then, out went the lights
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Enron taints the stadium name game - Sports marketers expect changes in how deals are negotiated
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Near Enron Field, Cries of Foul
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Lay mulling strategy ahead of next week's hearings    

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  Is the housing market set for a fall? - Growth during economic slump prompts talk of coming crash
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Telecoms:

Qwest deal cited in Global accounting
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Global shops venture portfolio at pedestrian rate
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Global Crossing Under FBI Scrutiny
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Cash Squeeze Chokes Carrier1
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Too much, too soon
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The Telecom Monster: Not Dead Yet?
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Global Crossing Bondholders Oppose Lucent's Contract Move
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Superior Bank's Failure Largely Blamed on Bank Managers
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Experts' Views on Corporate Bankruptcy
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Accounting:

Arthur Andersen and the Baptists
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Concerns About Accounting Result in Blue-Chip Losses
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Investors to Have Chance to Put Andersen Partners in Hot Seat
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Elan reveals little about its E-numbers - Follow the yellow brick road to Bermuda
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SEC Investigates Allegations Of Accounting Fraud at Elan
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Rainwater real estate firm closer to prepack
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Bankruptcy Reform:

U.S. Senator Targets Bankruptcy Shield for Enron Executives' Homes
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Bankruptcy Judge OKs Loan for Idled Paper Mills
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Brill blames economy, markets for its problems

Airlines:

Sun Country deal close
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Air Afrique Shareholders Agree To Liquidate
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Kitty Hawk To Emerge, Sees FY02 Loss On $134.1M Revenue
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Blaming a Buy That Didn't Fly - United's CEO Says the Attempt to Corral US Airways Threw It for a Loss
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Stockwalk Group Ready to File for Bankruptcy
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The broker who went out to the cold - Vanished Lehman employee leaves behind questions, losses
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Hare Krishnas:

Spirit of bankruptcy descends on Hare Krishnas as they fight huge sex abuse claim
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Facing suit, Hare Krishna temples eye bankruptcy
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Polaroid Creditors Oppose Extension
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America's biggest hitters line up to issue warnings
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Landrys Eyes Planet Hollywood Units
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Enron (cont. from 1st col.):

Enron on the small screen: horror or tragedy?
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Enron was 'fun' - while it lasted
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Philippines faces setback in Enron plants buyout talks

Enron general counsel sought ex-CEO's approval for deals

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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated February 7, 2002
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Bankruptcy Court Web/Pacer Site Directory

Halliburton’s Hot Potato: Asbestos
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Kmart:

CMBS Deals Linked to Kmart Lease Rejections Being Monitored
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Sterling will ensure deliveries to Kmart
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Kmart Enlists Well-Regarded Attorney in Turnaround Effort
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Wal-Mart, Target prosper after Kmart bankruptcy
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Retailing:

January a Mixed Bag for Retailers
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Deep discounts lure U.S. consumers
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Coho back in Chapter 11
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Amtrak's Government Subsidy On the Line
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WGI's stock price plunges 16%
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Phoenix: Downtown hotel faces foreclosure
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CEO: Zilog is still efficient
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Power Utilities:

PG&E Plan Could Produce Windfall
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Rite Aid downgraded over repayment fears
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Middle Georgia Ophthalmology Practice Files Chapter 11, Blames Theft
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Branding Strategies: Two Tickets to Chapter 11 Stadium
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Steel:

EU Proposal on Steel Imports
Gets Thumbs-Down From Bush
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Steel States' Lawmakers Do Not Like Bush's Cuts
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LTV seeks court OK for bonuses
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Japan:

Unemployment one of Japan's few growth figures
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Canada:

Party's over for 28-store chain
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Easy money or a sure ride into bankruptcy?: AT&T Canada
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Australia:

Bad debts will hurt CBA: analysts
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Thai labour law case may be bankruptcy ploy
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France:

France's Kalisto Entertainment Files For Bankruptcy
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Ireland:

Fallout From Bank Fraud - Storm Clouds Gather At Irish Bank In $750 Million Fraud Scandal
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England:

Asbestos Cloud Obliterates British Insurer's Profits
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