January 15, 2002 

Daily Bankruptcy News

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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:

Full Text Search Enron Pleadings [Current Version of Adobe Reader Plug-In Required]
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Enron, UBS deal still under wraps
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Enron delays release of UBS deal details to 1200GMT Tues

Davis Polk Searches for Missing Enron Documents
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Enron: Warning Letter Written By VP Of Communications
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Revived Enron Trading Unit Unlikely To Regain Top Spot
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UBS deal for Enron trading unit valued up to $3-bil

Judge overseeing host of Enron suits recuses self
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Chief Used Stock to Repay Enron Loan, Lawyer Says
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At Enron, Ignorance Was Bliss
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US Senate banking panel to hold Feb 12 Enron hearing

JP Morgan and insurers go to court over Enron: Dispute about surety bonds raises doubts about how banks transfer their credit risks
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Enron Employee Raised Accounting Questions in August
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Hearing may focus on offshore Mahonia deals
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Too Bad for the Enron Losers, but the Scandal Is Elsewhere
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Judge gives Enron bidder extra day's grace
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Watchdog group sues Bush agencies over Enron records

House Panel Looking Into Andersen Memo on Enron Documents
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Crony Capitalism, U.S.A.
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Enron's Lay To Appear Before 2 Congress Panels Feb 4
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Lawmaker sees insider trading "evidence" at Enron
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Enron Could End Up Where It Started
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UBS Deal Shows What Enron Is Worth
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Enron indicative of broader weakness - Workout expert expects more bankruptcies in 2002
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Terms of deal to keep Enron trading operation still secret
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Enron Employee Warned of Problems in Aug.
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Enron trading shop ready to go - but can it?
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Policy was to destroy some Enron documents-Andersen
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Enron Fall Turns Retirees' Dreams to Dust
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Enron Collapse Won't Take Down Houston
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Enron tale tangles
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Andersen's nemesis
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BG Remains In Talks With Enron For Indian Upstream Assets
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Enron Chief Lay Warned of Troubles
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Enron Way: Anything but 'Simple, Straightforward'
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US energy secretary discussed Enron troubles with Lay

Enron to Delay Release of Sale Details
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Enron focus turns to accounting giant
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Did Enron's Auditors Think They Had Something to Hide?
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Enron's Chairman Was Warned of Impending Crash, Memo Shows
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From Enron to FIMACO, 'Audits' a Joke
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Enron's Trading Business May Not Be Much of a Prize
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Too Bad for the Enron Losers, but the Scandal Is Elsewhere
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Evidence grows of Enron cover-up
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(continued in 2d column)

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  Chez Weil
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Power Utilities:

PG&E bankruptcy judge questions key document
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PG&E, Creditors Pore Over Details In US Bankruptcy Court
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PG&E Hopes Judge Likes Plans
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Lights out for U.S. utility stranded cost bonds?
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Los Angeles Utility May Recover $62 Million from Southern California Edison
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Energy firms discuss PG&E bankruptcy
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L&H To Pay $1M Cash To Unit's Ex-Owners Under New Deal
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Dotcoms:

Globix looks to emerge from bankruptcy
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Globix reaches bankruptcy deal with bondholders
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Kmart:

Troubled Kmart Considers Its Options
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Kmart shares end at lowest since Oct. 1967
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Kmart convenes board meeting to consider options
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Former Sunbeam Chief Dunlap to Pay $15 Million to Settle Suits
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Telecoms:

Level 3 Communications Chief Blows Lid on Creative Accounting
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FCC blunders with NextWave
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CLECs To Play Follow The Restructuring Leader In 2002
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Desert Hot Springs, Calif., Bankruptcy May Halt Creditors, Aid Developers
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Corporate Defaults Smash Records
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Total Sports Publishing to Be Sold at Bankruptcy Auction
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Lakeland, Fla., Academy's Bankruptcy Yields Uncertainty for 500 Students
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Law Firm Restructuring:

Still Hurting, Skjerven Sacks Lawyers, Staff - San Jose firm makes second round of cuts
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Fried Frank Ups Bonuses
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Associates Get Good News for a Change
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Polaroid:

Objection Filed By a la mode Regarding Proposed Sale of Polaroid Subsidiary
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Polaroid retirees lose benefits
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Bankrupt DEN peddling library
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The Death and Life of Buy.com

Grad debt on rise
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Enron (continued from 1st column):

House Panel Uncovers `Troubling' Document In Enron Probe
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Treasury to Comply with Lawmaker's Enron Request
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The Enron Chain Saw Massacre

Enron, PG&E similar tales

After Enron, Quarterly Dividend
Takes Center Stage for Utilities
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Enron Attorney Bemoans Washington Scandal Mindset
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Mess in Texas - Enron's Home State Influence Could Complicate Legal Matters
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Watchdog group sues Bush agencies over Enron records

Bush Team May Have Feared Enron Aid
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Northern Trust Hard Hit by Enron Mess
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Ames:

Ames offered bankruptcy exit financing
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Ames and Creditors Committee Work Toward Plan of Reorganization; Committee Expresses Satisfaction and Confidence With Ames' Progress
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Forensic Accountants Find Cash Hidden in Dubious Business, Family Dealings
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Museum Company's Woes Signal Trouble
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Comdisco Sells Units to GE Capital
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States, workers bail out Wheeling
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SEC Censures Auditor KPMG
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Navy to Consider Use of Cruise Ship
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Airlines:

America West Giving Government a Stake
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America West Meets Loan Conditions
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Financial Strain Begins to Take Toll on Airports
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IRS woes loom for ditched techies
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Asbestos:

RHI faces massive 2001 asbestos-related loss
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Halliburton to Fight Asbestos Cases
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Asbestos Claims Can Burn Through Fireproof Walls
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Dow stock battered by asbestos concerns, analysts
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First Alliance:

Lehman Bros. Potentially Liable in Lending Case
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Banks to Be Defendants in Fraud Suits against Irvine, Calif., Mortgage Lender
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Westar Financial Provides Chapter 11 Update; Court Approves Funds to Sue Bank One
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Bankruptcy filings rise sharply on Mississippi coast
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Family-Owned Wendover, Nev., Casino Group Files for Bankruptcy Protection
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Steel:

WCI Steel suspends program that guarantees job security
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LTV coke plant still searching for buyer
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Union agrees to cuts
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Accounting Woes Helped Feed Turmoil at Inacom
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Nashville, Tenn.-Based Parent Firm of Physician Network to Declare Bankruptcy
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Administrative expense of bankruptcy estate are deductible from gross income
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Household International to Securitize More Loans
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Japan:

Daiei bank creditors look to Tokyo
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Regulators Get Set To Tighten Screw On Banks
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England:

Ex-Boodle's chairman admits fraud
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UK banks lambasted over role in Argentine collapse
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Receiver threatens to close down Land Rover line
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British Life Insurer's Policyholders Turn Out to Cast Vote on Rescue Scheme
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