January 28, 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:

Beneath innovations in energy trading, Enron was seething with deception
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Can Enron be saved in wake of the storm?
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Enron close to selling wind power unit
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Planet of the Privileged
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UC Regents Call for Enron Trustee
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Enron used an old recipe to cook books
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Texas Law Firm Has Ties to Enron
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Vinson & Elkins Hires Williams & Connolly for Enron Defense
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Ex-Enron exec who questioned firm's finances dies in suicide
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An Empire Built on Ifs - Enron deserves a big Texas whippin'
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A Feeling of Disbelief and Betrayal in a City Known for Boom and Bust
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Enron's secrets are safe
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Could Enron's Business Actually Model Work?
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Enron's Australian operations to close this week

GAO may sue Cheney task force over Enron disclosure
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Obstruction Charges Likely to Be First Step in Enron Criminal Case
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A big bankruptcy raises big concerns
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German firm troubled by Enron 3 years ago
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Enron's Legacy as Trademark
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All Enron, all the time
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UBS to cut 300 jobs at Enron trading unit
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Enron isn't alone in auditor fee dance - Ratios worse at many Bay Area firms
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Convictions for Enron Execs Would Be Hard Won
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A Job For Big Government
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Enron document shredding claims spread wider
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Medical examiner rules Baxter's death suicide
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An Enron 'good guy' dead in likely suicide
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Baxter death reveals human toll of Enron debacle
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Ex-Enron executive had earned respect through ranks
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Despite His Qualms, Scandal Engulfed Executive
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His Yacht Was His Escape From Pressure
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Probe of Milberg Weiss Has Bar Buzzing
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Andersen's Boston damage control
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TV Trying to Find Enron Tale's 'Sexy' Side
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Enron spent at least $1.8 million on state politicians
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For accounting firms, Enron is the `Pitts'
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Shredding scandal has a trashy feel about it
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Media Missed Clues to Enron's Troubles
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Great Caesar's ghost, it's the Enron gang!
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Astros Should Give Some Money Back
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Andersen's day of reckoning
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Vinson & Elkins has forged close ties with Enron
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Enron - - a Cautionary Tale for Business
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Enron says it told staff to preserve official documents
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Auditing software raised 'red alert'
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Enron bankruptcy blows through Colorado
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Energy-Trading Venture Could Result In an Enormous Loss for J.P. Morgan
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Bankruptcy triggers legislative proposals
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Enron's bustin' out all over
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Inside Andersen Web
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Questions Abound in Enron Case
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Enron shredding makes Raiders wonder about Andersen - Team links fiasco to attendance suit
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A Fog Over Enron, and the Legal Landscape
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Energy-services unit's motive for hiding losses may be unlawful
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White House to investigate federal contracts with Enron
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Enron Vision Proved Costly to Firm, State
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Australia investigates Andersen link
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(continued in 2d column)

__________________

  Judge to Decide on Share of Rockies
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Automakers want to consolidate asbestos claims
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Tons of office space ready and vacant, new report says
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Steel:

LTV finds buyer for Warren plant
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Into the Inferno
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Why risk alliances to bail out Big Steel?
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Geneva Steel says subsidiary files for bankruptcy
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____________________

Chapter 11 starts fight for survival
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Kmart:

Letter alleges Kmart accounting abuses
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Maytag Corp. has stopped shipping products to Kmart stores
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Would consumers really miss Kmart?

Kmart bankruptcy snares Eveready Battery, Firstar
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Enron's fall sped Kmart into tailspin
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Survival

Echoes of Enron at Kmart
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Parachuting Into Kmart's Aisles
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Daiei Thrown a Lifeline While Kmart Sinks
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Kmart real estate fallout a mixed bag
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Kmart, Regulators Launch Probe Into Retailer's Accounting Practices
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Kmart just not in step with today
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Kmart Dive Shows Employee Risk
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_____________________

WGI emerges from Ch. 11
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Bidding for bankrupt IT Group still open
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$44M Award Reinstated in Suit Against BDO
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J.C. Penney Denies Rumors of Accounting Irregularities
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Power Utilities:

PG&E fights to preserve reorganization plan
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Utility hearing held in S.F. - PG&E tries to block state jurisdiction
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California, PG&E Fight for Control
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No Ruling Yet in PG&E Bankruptcy Case
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Bankrupt Pacific Gas and Electric hopes to avoid state laws
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_____________________

Law Firm Restructruing:

Jenkens Gains New Leader, But Loses Lawyers to Layoffs
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_______________________

Lenders get creative when imposing junk fees
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Enron (continued form 1st column):

Powerful Figures Behind Firm's Rise--and Crash
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Cheney defends Bush refusal to identify contacts
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S.F. prosecutor well-prepared for Enron probe
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Poll: 67% say Bush hiding information on Enron
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Now, the $51-Million Severance Question
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Enron's Dealing in Derivatives Helps
Shift Spotlight to a Gap in Oversight
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Seeking a Change - Creditors want trustee to replace Enron’s top brass
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With the Theater or PACs, Texans Saw Kenneth Lay as 'On Top of the World'
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Enron Immunity Could Be Costly
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Fund managers lost gamble on cheap Enron stock
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Wisconsin attorneys connect with Enron Corp. case
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Former Enron employees selling company souvenirs
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White House changed energy plan to help Enron
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Crippled energy trader's workers consider futures amid gloom
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Many hedging bets on worthless stock
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Enron Inquiry Puts an Atypical Republican on Stage
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Chief of Enron inquiry has close ties to company
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Cheney Is Set to Battle Congress to Keep His Enron Papers Secret
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___________________

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - updated 1/25/2002
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Bankruptcy Court Web/Pacer Site Directory

Airlines:

Sun Country in talks with investors
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___________________

Bankrupt Harvard Industries gets interim DIP OK
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New bankruptcy rules phased in
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How investors can spot an impending bankruptcy
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otterbourg, steindler, houston & rosen, p.c. goldberg, kohn, bell, black, rosenbloom & moritz, ltd.
and

230 park avenue
new york, ny
10169
www.oshr.com

55 east monroe street
suite 3700
chicago, il 60603
www.goldbergkohn.com

are pleased to announce
 
the
selection of     

jonathan l.
helfat
and richard m.
kohn

as general counsel for the commercial finance association, the trade group for the asset-based lending industry, effective january 1, 2002

Small creditors often hurt in bankruptcies
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ACT Manufacturing, Inc. Receives Additional DIP Financing
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Spenders find help in 12 steps
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For Single-Screen Theaters, the Next Act
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New evidence shows where Creamery's money went
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KView's demise a shock to backers
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What led to the demise of Service Merchandise?
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Privacy Still a Priority But Time May Be Lacking
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Empire Nursery files for bankruptcy protection
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Once world's biggest textile company, Burlington Industries fights for survival

Laid-off workers cast into a sea of joblessness
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Pen Holdings says files for bankruptcy protection
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Britches of Georgetowne files for Ch. 11
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Accounting:

No link between independence and fees
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No simple solutions to conflicts by auditors - Proposals to fix system also come with problems
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More fraud means more business for accountants
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Andersen exec in trenches, repairing image
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________________________

Telecoms:

Qualcomm May Cancel Investment In Troubled NextWave's Shares
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For IDT, the Big Flameouts Light Its Fire
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__________________

Troubled retailers can hit customers' pocketbooks
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Tough times test firms' lofty standards
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Hanover Compressor Shares Are Halted
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Beyond.com Beyond Help, Files Chapter 11
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Bankruptcy Casts Doubt On Government Contract Procedures
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Full Harvests and Empty Wallets
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Ameritex Yarn files for Chapter 11 bankruptcy
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How to Predict the Next Fiasco In Accounting and Bail Early
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The day the music dies: National Record Mart workers bemoan loss of a company they loved and couldn't leave

Japan:

Japanese retail sales tumble
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Enron-Style Bankruptcy Could Help Japan
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Fears loom of Japan's financial crisis, hopes grow for bad-debt cleanup
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_____________________

Argentina:

Debt reduction for Argentina?

_____________________

Canada:

B.C. government ditches Mercer's Skeena bid, talks to new suitor
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_______________________

Korea:

Will Korea's credit card boom lead to bust?
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___________________

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