January 24, 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:

Wide Effort Seen in Shredding Data on Enron's Audits
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Skadden's Enron Posse
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Gramm: I Didn't Know of Enron Woes
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Lay Resignation Not a Shock for Many
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Swiss bank makes big energy move
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S&C Turning Down Enron Work
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Creditors in plea for trustee
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A Heroine At Enron
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Calling Inquiries a Distraction, Enron Chief Quits Under Pressure
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Washington power couple entangled in Enron collapse in more ways than one
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Just How Deep Are the Pockets at Andersen?
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Enron's CEO quits; search on for savior
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BG Group grabs Enron assets in India
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Duncan wants immunity
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Congress Begins Marathon Series of Enron Hearings
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Taking Stock of Enron
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Lay Resigns as Chairman and CEO of Enron, Remains on Board of Directors
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Morale and Occupancy Are Low at the Headquarters in Houston
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Charter school doesn't want Enron money, either
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Milberg Weiss Auditions for Enron Job
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Enron's Once-Proud Workers Left Feeling Betrayed
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Pitt says post-Enron rules coming
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Retort to "Enron Paid No Taxes"
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Power company dealmakers face changes after Enron
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Army secretary lost millions in Enron bankruptcy
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Embattled firm's approach to state tax bill: Ignore it
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Plaintiffs push for preservation
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Claim Enron wove web of financial deception
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Dynegy's Enron fallout not that bad
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Pension Funds Control Shareholder Lawsuits
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Urge to Punish: It's Only Human
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Ex-Enron Chief Profiled
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Opening a fresh ledger: The Enron collapse presents an opportunity for auditing firms to improve their public image and regulation
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Panel Seeks Enron Tax Return Release
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Corporations Contact Astros Owner About Changing Name of Enron Field
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Andersen CEO Wants to Send Replacement to Hearing
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Enron Chief Executive Lay Resigns Under Pressure From Creditors
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Auditor Warned Enron On 'Misleading' Report
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Labor Enron Probe Focuses on Plans
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Suit Seeks to Apply Federal Racketeering Laws to Enron
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Federal authorities name four in $32 million check-kiting scheme
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Late US card payments highest since Feb'98
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  Bankruptcy Reform:

Bill to Change Bankruptcy Reconsidered
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_________________

There may be more Enrons
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Retailing:

Retailing: Only the strong survive
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U.S. retail sales rise signals consumer resilience
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Getting back into black no easy task for retailers
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Economy:

Despite Probable Recovery Later This Year, Unemployment, Bankruptcies, Loan Losses Will Rise Further
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Waning confidence
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Sonnenschein Adds To West Coast Bankruptcy Practice
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The debtor-in-possession lending market seems to be settling on a standardized price of LIBOR plus 350 basis points
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Dairy Mart wins extension filing
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Law Firm Restructuring:

White & Case Ups Bonuses
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Taking a Tumble - After two boom years, firms saw their equity investments slide dramatically in 2001
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Kmart:

Kmart to Make Payments to Crucial Vendors
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Federated's trip into bankruptcy different
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Kmart admits it's cornered
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Kmart's Financial Collapse to Hurt Suppliers
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Some Retail REITs Likely Hurt by Kmart's Bankruptcy
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Bank credit caught in Kmart crash
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Real Estate Strategy for Kmart in Denver Area Includes Many Landlords
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Big bonus for Kmart survival
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Kmart's Bankruptcy Move May Cut Wide Swath
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Suppliers count Kmart costs
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Kmart crumbles to creditors
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Kmart faces daunting challenges in reorganization
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Realtors See Kmart's Potential
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Fleming yet to resume shipments to Kmart
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Analysts Predict Kmart Closures
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Kmart's future uncertain as reorganization continues
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Martha Stewart Speaks Out for Kmart
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Kmart employees fear loss of some retirement savings
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Houlihan's files Chapter 11
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EU approves sale of Fruit of the Loom to Buffett
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Accounting:

In Recent Years, Congress Fought
Changes to Accounting Standards
(WSJ: separate paid subscription required)

Ex-SEC Head: Wyden Objected To Conflict-Of-Interest Plan
(WSJ: separate paid subscription required)

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Loews Cineplex's DIP Lenders Extend Loan Two Months
(WSJ: separate paid subscription required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Letter from Delaware - The bankruptcy buzz on active cases including news on Coram Healthcare, Harvard Industries, Direct Focus, Quality Stores and more
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Bank One writing off $6 billion in bad credit
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Tyco to Reorganize to Tackle Its Debt
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Commercial Collection Agency Association Reports Record 2001 Volumes
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Settlement with law firm closes book on Firstmark
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Airlines:

Sun Country Airlines' petition moves to Minnesota
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S&P Lowers Ratings on UAL Debt
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____________________

What if your company fails? - Five ways to protect your finances and career when your employer goes bankrupt
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Asbestos:

Coopers could still escape from asbestos cloud
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____________________

Power Utilities:

California attorney general says expect more energy lawsuits
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Judge Considers Pacific Gas & Electric's Asset Spin-Off Scheme
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_____________________

Identity Theft Heads The FTC's 2001 Top 10 Consumer Fraud Complaints
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Chalmette couple sentenced in bankruptcy trustee scam
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Team accused of thwarting bankruptcy sale
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Steel:

A Crucial Support for Shaky Steelmakers
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Bethlehem Steel reports $547m loss

LTV Management Retirees to Lose Benefits
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Trustee Seeks To Convert Northwestern Steel Case To Ch 7
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Trico Steel Unsecured Creditors Object To Asset Sale Terms
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Merrill Job Cuts Result In Loss of $1.3 Billion
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U.S. lawmaker seeks probe of earnings restatements
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Western Wisconsin Bankruptcy Filings Reach Record High in 2001
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Burlington Industries hopes to reinvent itself
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Telecoms:

FCC to return NextWave-linked downpayment
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NextWave Is The Most Valuable Bankrupt Company
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___________________

Poland:

Poland's Enron?
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Elektrim Survives by the Skin of Its Teeth
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Poland’s 68-year-old bankruptcy law needs time to change
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______________________

England:

Demise of gentlemanly tradition at Lloyd's: Losses resulting from September 11 are propelling changes at London's famous insurance market.
(DBN Subscription Required)

____________________

Japan:

Japan Has Plan to Fix Banks, but Does It Have the Will?
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