January 29, 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:

Davis Polk Disqualified in Enron-Related Matter
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Putting 'Lost Everything' in Perspective
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Enron Takes A Life
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Special-purpose vehicles used to control market, credit rating
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Andersen on the defensive
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A Law Firm's 2 Roles Risk Suit by Enron, Experts Say
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Enron audit committee now faces criticism
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Former Enron chairman Lay and wife trying to avoid personal bankruptcy
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An unlikely winner amid Enron losers
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Creditors seek trustee
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Houston begins to count the human cost of Enron's fall
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Jesse Jackson Declines to Judge an Enron Leader
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Enron's Survival Remains a Question amid Turbulent Bankruptcy Proceedings
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Ex-Analyst at BNP Paribas Warned His Clients in August About Enron
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Enron cocktail of cash, sex and fast living
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Cheney-Enron Links Could Harm GOP
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Enron Employees File Suit Over 401(k) losses
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Enron's Hiring of One Firm to Represent About 40 Employees Is Raising Concerns
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Energy Traders Under Scrutiny
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US lawmakers pledge Enron fallout won't cause legislative gridlock
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Will Enron's Former Clients Go Over To New Trading System Led by UBS?
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Beneath Energy Trading Innovations
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An Innovative Way to Borrow Started at Enron
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Enron The Death Star
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Lay and Mark, the Enron/Azurix double act

The Azurix Severance Payments

The rise and fall of an Enron executive
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Andersen CEO: Firm Losing Business
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Regulators Give Stamp of Approval to New Energy Futures Contracts
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'Suicide note' not released by police
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Bush Ignored Enron
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Police probe death of former Enron executive
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Merrill Gave Top Managers Chance to Invest in Enron Partnership
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California Burned by Enron Downfall
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Enron CEO Quits To Join Nigerian Firm, Asks Your Assistance
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Enron Confidential
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Andersen: Lost Business Since Enron Fall
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Enron Incidents Put Focus on Shredding
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Restructuring pro Cooper faces Enron challenges
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Enron Employees File Suit as Lay's Wife Cries Poor
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Enron's Cutthroat Culture Is Deplored by Those It Served to Profit
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Dynegy Expected to Acquire Pipeline
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The Enron Players
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Public Pension Funds Say Losses Top $1.5B From Enron
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(continued in 2d column)

__________________

 

Telecoms:

Global Crossing sinks into Ch. 11
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Andersen fees from Global Crossing get critical eye
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Financier's Bid Is Just a Day's Work
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Global Crossing Files Bankruptcy, Gets Investment
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Global Crossing Crosses Over to the Dark Side
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Global Crossing files for bankruptcy - Singapore Technologies, Hutchison will take majority stake
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Global Crossing's Founder Winnick Fares Better Than Ex-Enron Chief
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Embarrassment for Andersen after Global Crossing files for Chapter 11
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Winnick's Lavish Ways Matched Ambitions for Global Crossing
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Misfortune of others is boon to survivors
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A bankruptcy filing will preserve Global Crossing's business, but not shareholders' value
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PSINet Seeks 90-Day Exclusive Plan Filing Extension
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__________________

Law Firm Restructuring:

Cooley Godward Freezes Most Associate Salaries
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U.S. and London law firms merge
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___________________

Power Utilities:

PG&E to argue federal bankruptcy law trumps state law
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Wall Street Optimistic On PG&E Recovery; Judge Keeps Mum
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___________________

PSINet Says Sayonara To Japanese Holdings
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Bankruptcy Court Approves Sale of Calico Assets to PeopleSoft
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Judge OKs sale of part of Rockies franchise

Bankrupt ACT Manufacturing receives $20M financing
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Restructuring . . .

Charming Shoppes to close 207 stores
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Toys R Us to close 64 stores
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____________________

Steel:

LTV tells salaried retirees benefits end in a month

The Steel Industry Is Hurting, But It Can be Saved
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______________________

All shook up: US companies are breaking apart and going into bankruptcy in the recession
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Flaws of Accountants' Peer Reviews Are Detailed in Aborted SEC Report
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Enron (continued from 1st column):

Panel Set on Enron Energy Markets Impact
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Can Lawmakers Now Afford To Be Obstacles To Reform?
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Eott Energy Partners L.P. - Lowers Quarterly Cash Distribution And 2001 Expectations
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Enron Spoils the Party
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Art exhibit is telling lens on Enron culture
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After Enron, investors are looking more skeptically at companies whose bookkeeping seems confusing
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Australian Arm of Enron in Liquidation
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Liquidation seen as increasing prospect for Enron
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Delta Air Lines mulls replacing Andersen
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_____________________

 

New Bankruptcy Opinions
(5 new opinions today)

Bankruptcy Jobs - updated 1/29/2002
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Bankruptcy Court Web/Pacer Site Directory

Comdisco close to selling IT leasing unit
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Bankrupt miner to access cash collateral
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Shopping Centers a Revolving Door
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Kmart:

Is there a shopper for Kmart?
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Blame Enron?
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Retail real estate industry braces for Kmart effect: Property brokers are preparing for lost leases and requests for lower rents
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IT difficulties help take Kmart down
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Publishers Expect To Be Hit Hard
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Kmart Hires Arthur Andersen
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_____________________

Many URL Roads Lead to Asset-based Lender
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The Incredible Shrinking Businessman Corporate titans are out. Government reforms are in. Is it the dawn of a new era?
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Einstein/Noah, New World File Separate Chapter 11 Plans
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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
(212)661-9100
www.oshr.com

55 east monroe street
suite 3700
chicago, il 60603
(312)201-4000
www.goldbergkohn.com

are pleased to announce
 
the
selection of     

jonathan N.
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

SEC's top cop: Agency cracking down
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State Title files for Chapter 7 bankruptcy
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Auto Parts, Accessories Firm in Colorado Hopes Bankruptcy Filing Will Help
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Tech Firms File For Intellectual Bankruptcy - Lucent, PSINet Among Those Eligible for New Chapter 51 Protection
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Armstrong World Picks Rep For Future Asbestos Claimants
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Colonial:

Colonial Commercial door unit files for bankruptcy
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Colonial Subsidiary Files for Chapter 11 Reorganization; Receives Debtor-In-Possession Financing
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___________________

Airlines:

Mystery suitor emerges for National Airlines
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US Lawmakers Press For Greater Disclosure On Airline Aid
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________________________

Collective Action in International Finance
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France:

Judge: Liquidate Prost Team
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Prost bankruptcy 'total failure for France'
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French court convicts 88 of fraud

_____________________

England:

Land Rover calls for new insolvency laws
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Enron collapse engulfs Labour
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___________________

Japan:

Japan jobless rate hits new record
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___________________

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