January 21, 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:

Full-text search Enron pleadings

Focus of Enron auctions goes overseas
(DBN Subscription Required)

Law Firms Grapple With Conflicts
Amid Enron's Filing for Bankruptcy
(WSJ: separate paid subscription required)

Secret hires warned Enron
(DBN Subscription Required)

A Beautiful Mess
(DBN Subscription Required)

Enron: A tale of corporate meltdown
(DBN Subscription Required)

Enron Case Raises the Bar in Texas
(DBN Subscription Required)

The day of reckoning
(DBN Subscription Required)

Financial Devastation Stuns Enron Employees
(DBN Subscription Required)

Enron employees form coalition
(DBN Subscription Required)

Slugfest Is Seen Among Creditors
Fighting for Slice of Enron Assets
(WSJ: separate paid subscription required)

Second Andersen Executive Says Firm Sent Reminder About Document-Disposal Policy
(WSJ: separate paid subscription required)

New SEC trading ruling may be insiders' defense
(DBN Subscription Required)

A prophet of loss
(DBN Subscription Required)

Enron finds itself in a Washington circus
(DBN Subscription Required)

Greenspan's Advice To Ken Lay
(Forbes: Free registration required)

Murky Waters: A Primer On the Enron Partnerships
(WSJ: separate paid subscription required)

JP Morgan bond spreads widen amid Enron concerns
(DBN Subscription Required)

Man Who Doubted Enron Enjoys New Recognition
(NYT: separate free registration required)

Report links Enron directors to questionable key decisions
(DBN Subscription Required)

Enron's Fall Threatens Houston
(DBN Subscription Required)

Ex-Andersen employees doubt Duncan acted alone
(DBN Subscription Required)

Congress Reviews an SEC Ruling
Granting Enron Units Exemption
(WSJ: separate paid subscription required)

Taxpayers may have to pay millions for Enron foreign losses
(DBN Subscription Required)

Houston stuck with Enron Field?
(DBN Subscription Required)

Lay's Q&A with staff brushed aside rumors of looming scandals
(DBN Subscription Required)

Watkins' inquiry led to biggest bankruptcy case - 'She wondered why somebody else didn't snap to it
(DBN Subscription Required)

Former Enron workers air complaints on CNN
(DBN Subscription Required)

Were Enron, Anderson Too Close
To Allow Auditor to Do Its Job?
(WSJ: separate paid subscription required)

Former Enron Executive Quits
(DBN Subscription Required)

Lieberman Feels the Sting of Criticism Over Enron
(NYT: separate free registration required)

Taxman set for Enron swoop
(DBN Subscription Required)

Who's Accountable? -
(DBN Subscription Required)

New US Judge In Enron Cases No Stranger To Controversy
(WSJ: separate paid subscription required)

Enron Fired Workers for Complaining Online
(NYT: separate free registration required)

Shredded credibility
(DBN Subscription Required)

Sen. Gramm And Wife Deregulated Enron, Benefited from Ties
(DBN Subscription Required)

Enron Trying To Keep $7.92M In Funds From Some Creditors
(WSJ: separate paid subscription required)

Enron's Ruin Drags Down Power Plant Contractor
(DBN Subscription Required)

Enron: Who's To Blame? - By More Than 20 To 1, Americans Say Enron Execs Did Wrong - 44% Say Bush Administration Is Hiding Something
(DBN Subscription Required)

Enron statement on discharging Arthur Andersen
(DBN Subscription Required)

Enron's Lay used stock to repay personal loans
(DBN Subscription Required)

Enron team tough to build - Potential conflict disqualifies many from investigation
(DBN Subscription Required)

Arthur Andersen turns to Bryan Cave for help
(DBN Subscription Required)

Investigators: 'Great leads' from Enron interviews
(DBN Subscription Required)

Report on investigation conducted by law firm Vinson & Elkins
(WSJ: separate paid subscription required)

Janus chalked up big losses in the Enron debacle. Could they have prevented it?
(DBN Subscription Required)

Lay's next pitch ought to come from prison
(DBN Subscription Required)

Fastow at center of Enron storm
(DBN Subscription Required)

Taking the toll of Enron’s excess Energy firm’s hubris is a perfect symbol for the times
(DBN Subscription Required)

Enron Is Proving Costly to Economy
(DBN Subscription Required)

Andersen memo on discussions about Enron's accounting practices
(WSJ: separate paid subscription required)

Broadband-unit hype didn't match reality
(DBN Subscription Required)

Architects of Enron's rise bred its demise
(DBN Subscription Required)

The Far Horizon: Enron'ed?
(DBN Subscription Required)

Why Insiders Get Rich, and the Little Guy Loses
(DBN Subscription Required)

Enron: It's the system that failed
(DBN Subscription Required)

Andersen eyes new sell-off
(DBN Subscription Required)

Inside Enron
(DBN Subscription Required)

Multiple Safeguards Failed to Detect Problems at Enron
(DBN Subscription Required)

In shredding case of Arthur Andersen vs. David Duncan, Congress wants answers
(DBN Subscription Required)

Collapse of Enron Exposes 'Regulatory Black Hole'
(DBN Subscription Required)

How Enron execs kept investors in dark
(DBN Subscription Required)

'In fact and in appearance'
(DBN Subscription Required)

Andersen memo on Sherron Watkin's concerns
(WSJ: separate paid subscription required)

'Crimes were committed'
(DBN Subscription Required)

At Andersen, 'Deep Pockets' Become Target
(DBN Subscription Required)

The Best Little Card House in Texas
(DBN Subscription Required)

Enron Workers in 401(k) Suit
Can Learn From Precedent
(WSJ: separate paid subscription required)

Fear kept feds quiet on Enron
(DBN Subscription Required)

Enron's death spiral mortifies Houston
(DBN Subscription Required)

Execs Struggle With Enron Scandal
(DBN Subscription Required)

As Ex-Regulator, Enron Director Should Have Seen Signals, Critics Say
(DBN Subscription Required)

New tower a monument to Enron's avarice
(DBN Subscription Required)

How the little guys got burned when Enron ran out of energy
(DBN Subscription Required)

Enron's collapse leaves in its wake the sad and the greedy

The Enron Papers
(DBN Subscription Required)

Bidding details for Enron's Indian power project
(DBN Subscription Required)

Big Five quake as Andersen faces doomsday scenario
(DBN Subscription Required)

Enron's Chief Sold Shares After Receiving Warning Letter
(NYT: separate free registration required)

Enron power plant in China likely to be sold
(DBN Subscription Required)

Ex-Enron Workers Seek Severance Pay
(DBN Subscription Required)

Enron Reports Weren't Reviewed Fully
By SEC for Many Years Before Collapse
(WSJ: separate paid subscription required)

How Enron let down its employees
(DBN Subscription Required)

Enron Workers Felt on Top of World Energy Giant's Abrupt Downfall Ruined Their High-powered, Perk-filled Careers
(DBN Subscription Required)

Enron chairman selling 2 homes, lot in Colorado for $16.2 million
(DBN Subscription Required)  

Conn. probes Andersen, other states may follow
(DBN Subscription Required)

(continued in 2d column)

____________________

  Comdisco Lenders Seek To Sell Claims Without Company Nod
(WSJ: separate paid subscription required)

Citigroup Net Rises Despite Write-Offs
(DBN Subscription Required)

Deborah Hunt Devan: An In Depth Conversation
(DBN Subscription Required)

Europe's First Brothel for Women Goes Bust
(DBN Subscription Required)

Jacobson's loss could be a plus
(DBN Subscription Required)

Service Merchandise Close-Out Sales Approved
(DBN Subscription Required)

Leading Textile Maker's Mounting Debt Exposes Some Seams in CEO's Leadership
(WSJ: separate paid subscription required)

Mortgage-office franchisor Qpoint goes bust
(DBN Subscription Required)

Prime Retail sells 70% of Hagerstown Center - 3rd deal with Estein raises cash to apply toward debt burden
(DBN Subscription Required)

All Tied Up: Retirement-Plan Lockdowns At Lucent and Elsewhere Draw Questions
(WSJ: separate paid subscription required)

Cheney's old firm on shaky ground
(DBN Subscription Required)

Bankruptcy filings put pro stadium names in limbo
(DBN Subscription Required)

Customers Near End of the Line In Bankruptcies
(DBN Subscription Required)

Atlanta: 1-800-Database files for Chapter 7 protection
(DBN Subscription Required)

Denver Civic Theatre faces closing of its doors
(DBN Subscription Required)

Moody's May Change Credit Ratings Faster, More Often
(DBN Subscription Required)

Two Applegate Companies Seek Bankruptcy Protection
(DBN Subscription Required)

Around N.E., deficits leave states in cold
(DBN Subscription Required)

Pittsburgh: Calif. company files bankruptcy, defaults on Port Authority contract

Enron (continued from 2d column):

The Enron Effect: As the accounting scandal spreads, regulators and politicians are pounding the table for reform. But will anything really change?
(DBN Subscription Required)

Andersen Still No. 1 in Houston
(DBN Subscription Required)

Politicos Scramble to Unload Enron, Andersen Contributions
(DBN Subscription Required)

Bush Intervened in Enron-India Talks
(DBN Subscription Required)

Enron Needed a Level Playing Field
(DBN Subscription Required)

Two Enron subsidiaries may see electricity certification revoked
(DBN Subscription Required)

Andersen chief executive insists bankrupt Enron's books 'were not cooked'
(DBN Subscription Required)

Enron losers sue Andersen
(DBN Subscription Required)

Andersen's own balance sheet faces peril
(DBN Subscription Required)

Who will audit the auditor?
(DBN Subscription Required)

Bad Timing and Greed Cited As $1.3B Is Erased Nationwide
(DBN Subscription Required)

Enron proves the market punishes
(DBN Subscription Required)

FASB Is Criticized for Inaction
On Off-Balance-Sheet Debt Issue
(WSJ: separate paid subscription required)

Blockbuster Deal Shows Enron's Inclination To All-Show, Little-Substance Partnerships
(WSJ: separate paid subscription required)

Andersen at the center of Enron scandal
(DBN Subscription Required)

Enron's Web of Connections
(DBN Subscription Required)

Enron Was Big Player in Texas
(DBN Subscription Required)

Former Enron Employees Seek Voice In Bankruptcy Case
(WSJ: separate paid subscription required)

Houston copes with crash of high-flying firm
(DBN Subscription Required)

Lay leaves boards, collects on exit
(DBN Subscription Required)

Andersen chief on hot seat
(DBN Subscription Required)

Andersen Bulks Up Existing Lobbying Muscle And Focuses on Surviving Post-Enron Fallout
(WSJ: separate paid subscription required)

'Short-Sellers' in Enron Finally Get Their Due
(DBN Subscription Required)

Crony capitalism US style and the smoking gun
(DBN Subscription Required)

Former Enron Employees Network Their Way to Jobs
(WSJ: separate paid subscription required)

Accounting Magic
(DBN Subscription Required)

Enron's Sins
(WSJ: separate paid subscription required)

Powell Says Nothing Wrong With U.S. Lobbying India for Enron
(DBN Subscription Required)

Auditors' reputation went through the shredder too
(DBN Subscription Required)

The hits just keep on coming
(DBN Subscription Required)

House Investigators Focus on Enron Auditors
(DBN Subscription Required)

Enron Energy Services Still In The Game

Deals That Helped Doom Enron Began to Form in the Early 90's
(NYT: separate free registration required)

Tauzin Focusing His Energy on Enron
(DBN Subscription Required)

In Search of Scandal
(DBN Subscription Required)

The Great Giveback - Enron’s turned a capital pastime upside down: the Beltway’s racing to give away, not pocket, the giant’s cash
(DBN Subscription Required)

Dynegy CEO Says Energy Trading Is Not Guilty of Causing Enron Debacle
(DBN Subscription Required)

Enron fiasco warms Bush to regulation / Firm's lobbying to loosen rules could end in ironic result
(DBN Subscription Required)

Scandal casts pall over accountant's image, workers

SEC's Pitt says US agency cannot police accountants
(DBN Subscription Required)

Pattern of dealmaking began in '91 at Enron
(DBN Subscription Required)

Financing concept stretched too far
(DBN Subscription Required)

Too much, too fast corrupts a good idea
(DBN Subscription Required)

Plan to revive Enron approved
(DBN Subscription Required)

Some Accounting Methods Called into Question by Enron's Woes
(DBN Subscription Required)

Enron Letter Writer Worked At Key Partnership Early On
(WSJ: separate paid subscription required)

Former Texas GOP Chief Urges Giving Campaign Cash to Dismissed Enron Workers
(DBN Subscription Required)

Enron Moves Ahead on Plans for Florida Power Plants
(DBN Subscription Required)

Hedge Funds Sue Auditor and Underwriters Over Bond Losses
(NYT: separate free registration required)

White House Eschews Enron Strategy
As It Goes on Defensive About Contacts
(WSJ: separate paid subscription required)

Cheney Spoke to Indian Officials on Enron Project
(NYT: separate free registration required)

NYC public pension funds lost over $100 million in Enron bankruptcy
(DBN Subscription Required)

White House Acknowledges Cheney's Discussion of Enron Project in India
(DBN Subscription Required)

A Couple's Complex Ties to Enron
(NYT: separate free registration required)

Enron at box office? Don't say no in Hollywood
(DBN Subscription Required)

Enron failed on business merits, says Andersen
(DBN Subscription Required)

Poor call on stocks traps Enron staff
(DBN Subscription Required)

Andersen's Berardino Says Economics Downed Enron, Not Auditing
(DBN Subscription Required)

Former Enron lobbyist becomes Republican chairman
(DBN Subscription Required)

Texas State Board To Investigate Arthur Andersen
(WSJ: separate paid subscription required)

Enron's tax records lead experts to call for change in laws
(DBN Subscription Required)

Mixed Emotions On Enron
(DBN Subscription Required)

New incubator to cater to ex-Enron employees
(DBN Subscription Required)

Congressional hearing scheduled in Enron probe into document
(DBN Subscription Required)

________________

 

New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Chiquita:

Chiquita bankruptcy plan gets initial approval
(DBN Subscription Required)

Chiquita pre-package up for vote
(DBN Subscription Required)

____________________

Defiant bankrupt lottery winner refuses to fork over cash
(DBN Subscription Required)

Kmart:

Kmart Suppliers Limit Risk
In Case of Chapter 11 Filing
(WSJ: separate paid subscription required)

If Kmart chooses Chapter 11, it could take time, expert says
(DBN Subscription Required)

Kmart Woes Pose Problems
(DBN Subscription Required)

The Blue Light of Happiness
(DBN Subscription Required)

Banks Hear Kmart's Pleas
(DBN Subscription Required)

New Kmart Chairman Is Turnaround Specialist
(DBN Subscription Required)

Newsweek: Martha Stewart Says K-Mart's Price-Cutting Strategy A 'Mistake' Other Retailers Trying To Woo Stewart, Including Target and Wal-Mart
(DBN Subscription Required)

Kmart's Blue Light dims as it loses pace with the times
(DBN Subscription Required)

Kmart's Silence Worsened Its Woes
(DBN Subscription Required)

___________________

Winston Tire Files for Bankruptcy Protection
(DBN Subscription Required)

Power Utilities:

California Regulators Asked to Give Details of Pg&E Plan
(DBN Subscription Required)

S&P warns on changes to PG&E's reorganization plan
(DBN Subscription Required)

_________________

FCC Chairman Says He Is Focused On NextWave Litigation
(DBN Subscription Required)

Stop & Shop moves to buy Big V stores
(DBN Subscription Required)

Direct Focus to buy StairMaster assets for $25 mln
(DBN Subscription Required)

Assets of bankrupt companies are usually sold 'as is, where is'
(DBN Subscription Required)

Bankruptcy Freezes Settlement of Claims in Puerto Rican Blast
(NYT: separate free registration required)

Economists worry debt may choke off economic growth
(DBN Subscription Required)

Direct Focus lands StairMaster, its assets in bankruptcy auction
(DBN Subscription Required)

Bondholders Say Brill Media Bankrupt, Missed $6.3M Payment
(WSJ: separate paid subscription required)

Bankruptcy Judge OKs Co.'s Sales
(NYT: separate free registration required)

Bond-holds say Evansville media company is bankrupt
(DBN Subscription Required)

A Proposed New Way to Police Accounting Still Relies on Accountants
(NYT: separate free registration required)

ART to be reborn, renamed, transplanted to Virginia
(DBN Subscription Required)

Airlines:

Board Cites United Troubles, Possible Bankruptcy, in Pay Dispute
(DBN Subscription Required)

America West Airlines Closes on Loan
(DBN Subscription Required)

US Airways CEO: No bankruptcy
(DBN Subscription Required)

____________________

Dotcoms:

Austin: YClip seeks Chapter 11
(DBN Subscription Required)

Dot-com failures enriched our lives
(DBN Subscription Required)

Tampa, Fla., Company Joins List of Dot-Com Casualties
(DBN Subscription Required)

Surviving startups pinching pennies
(DBN Subscription Required)

Life for a Troy dot-com has been anything but entertaining
(DBN Subscription Required)

_____________________

Polaroid:

Polaroid retiree group recognized
(DBN Subscription Required)

Polaroid workers dealt new setbacks on stocks
(DBN Subscription Required)

Polaroid execs get incentives as workers lose theirs
(DBN Subscription Required)

______________________

Steel:

Geneva Steel ready to access government loan
(DBN Subscription Required)

Geneva Steel LLC Obtains Consent to the Release of Cash Collateral Agreement From Term Loan Lenders
(DBN Subscription Required)

____________________

BofA, other banks tightening textile credit
(DBN Subscription Required)

Wachovia to shutter 200 branches
(DBN Subscription Required)

Millennium Seacarriers Ratings Lowered to 'D' After Bankruptcy Filing
(DBN Subscription Required)

Bond Rater Turns Its Attention
To Off-Balance-Sheet Activities
(WSJ: separate paid subscription required)

Baltimore: Year of struggles looms
(DBN Subscription Required)

Seattle-Area Economy Continues to Struggle with Recession
(DBN Subscription Required)

Tax Collector Bankruptcy Policies
(DBN Subscription Required)

PSINet name is history
(DBN Subscription Required)

Laser surgery refocuses after several black eyes
(DBN Subscription Required)

Austin: Eatery clearing its debt
(DBN Subscription Required)

Financial literacy funding included in education bill
(DBN Subscription Required)

Charlotte: Simonini files bankruptcy
(DBN Subscription Required)

Hawaii: Aquasearch seeks $195,000 repayment from ex-exec
(DBN Subscription Required)

Retail:

Upscale retail hits downside of tightening economy
(DBN Subscription Required)

Discount stores: Retail's future?
(DBN Subscription Required)

Survival of the fittest retail model
(DBN Subscription Required)

____________________

Money funds drop default insurance
(DBN Subscription Required)

Maryland: Core of state's economy faces greatest risk
(DBN Subscription Required)

Camera maker Pentax lays off workers
(DBN Subscription Required)

Guilford Mills gets another delay on debt payment
(DBN Subscription Required)

Quality Stores gift certificates are again worth something - Judge reverses ruling that made $800,000 in certificates worthless
(DBN Subscription Required)

Japan:

Daiei, banks agree on bailout
(DBN Subscription Required)

Daiei must make the most of this restructuring effort
(DBN Subscription Required)

Japan's Prime Minister Defends Bailout Plan for Retailer
(DBN Subscription Required)

Japan's corporate failures hit 2nd post-war record
(DBN Subscription Required)

Corporate bankruptcies slip in December but debts ballooned
(DBN Subscription Required)

___________________

Canada:

Could Enron happen here? Under current financial report rules, you bet
(DBN Subscription Required)

Paycheque advance will cost you plenty
(DBN Subscription Required)

_____________________

Scotland:

Courtroom clash between diligence and human rights
(DBN Subscription Required)

_____________________

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/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. 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.