July 10, 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

         
Harvey Miller Leaves Weil Gotshal To Join Greenhill & Co. as Managing Director
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Bankruptcy vet leaves Weil Gotshal for Greenhill
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Miller to leave Weil, Gotshal
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Bankruptcy Lawyer to Join Investment Bank
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Corporate Reform:

Behind Every Failed Firm, A Bad Board?
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Text of President Bush's speech
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Bush talks tough on business
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Experts say measures short on prevention
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Bush speech falls flat
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Bush Seeks Tougher Penalties In Assault on Corporate Fraud
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Bush's get-tough proposals for business won't change things, lawyers say
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Anger at Executives' Profits Fuels Support for Stock Curb
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Bush takes on corporate fraud
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Stocks sink after Bush address
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Those Feeling the Pain Now Await a Remedy
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U.S. banks face ‘isolated’ risks
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Book4Golf.Com Corp. Receives Formal Demand For Payment Of Indebtedness
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L&H, Unit Seek OK To Release Claims Against Each Other
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Law Firms:

After a Decade of Plenty, Fewer Jobs for Lawyers
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Sue It Yourself - Pro se litigants are growing in number and getting help
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Adelphia:

Adelphia blasts Deloitte&Touche in SEC filing
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Deloitte, Adelphia Square Off In Face of Investors' Lawsuits
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Credit Store:

Credit Store faces credit crunch
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Credit Store mulls bankruptcy filing
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Debt could unplug cable firms
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Politicians pressure Salomon for answers
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NextCard:

Most NextCard Accounts Closed - Web-Based Issuer Abruptly Cuts Off 800,000 Cardholders
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Banks to Close NextCard Accounts
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Enron:

NewPower cash use OK
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  Telecoms:

Recession slams telecoms hard Layoffs, bankruptcies abound
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GT Group Telecom Granted Extension to Court Protection in United States
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Buyout firms still find U.S. telecom too risky
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Globalstar LP Objects To Request For Equity Hldrs' Panel
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Teleglobe suitors list narrowed down
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Smaller Telecom Industry Inevitable
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FastComm Assets Transferred To Secured Lender
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Alcatel's Credit Rating Cut to Junk by Moody's
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Yipes: Tech company lives again
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Steel:

Bethlehem Steel Announces Restructuring Initiatives
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Republic chooses partnership to buy most of its assets
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Republic picks some buyers
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Bethlehem to demand concessions
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Bethlehem Steel plans to keep operating as merger talks drag
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Creditor, US Trustee Object To Mpower Reorganization Plan
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IRS to clamp down on tax shelters
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IRS Asks a Court to Force KPMG, BDO Seidman to Detail Tax Shelters
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U.S. Agencies Sue 2 Accounting Firms
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Loans to corporate officers under fire - But popular perk unlikely to disappear anytime soon
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Airlines:

US Airways pilots agree pay cuts but issues remain
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United Airlines Machinists Reject Pay Cut
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Senior Care Attorneys Demand Retraction From Bankrupt Tri-National
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Accounting:

The Accounting Profession's Laugh-a-Minute Lobbying Effort
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Auditing sagas may mark end of self-regulated capitalism
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Conn. Moves to Pull Andersen License
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Bankrupt Toledo, Ohio Manufacturer Says Golf Event is Business Expense
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Arizona bankruptcies on rise
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Receiver Is Appointed to Take Over Memphis, Tenn., Tissue Paper Mill
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Corporate Scandals Aggravate Commercial-Property Market
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President Casinos, Inc. Continues Its Reorganization
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 115 Jobs - Last Updated July 8, 2002
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Bankruptcy Court Web/Pacer Site Directory

Four Hot Practice Areas, Including Bankruptcy, From 2001 Retain Warmth
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Bankruptcy Reform:

Mr. Moran's Bad Credit
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WorldCom:

MCI holders hope for dividend before bankruptcy
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FCC Wouldn't Stop WorldCom Bankruptcy
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WorldCom's Lenders Consider A $3 Billion Secured Credit Line
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Billing Could Be an Issue for WorldCom; Courts: The company may have overcharged its customers by as much as 10%
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WorldCom contracts under scrutiny
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WorldCom's Corporate Monitor Is Accused of Potential Conflicts of Interest
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WorldCom CEO Says Firm May Face Bankruptcy
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WorldCom blame game starts in Washington
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WorldCom to Decide on Reorganization Within 3 Weeks
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AT&T-Comcast vote could reverberate
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FCC Focuses on Service Continuity for WorldCom's 20 Million Customers
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Immediate Auction Held for Bankrupt Jacobson Properties
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Household Facing Investigations, Lawsuits in Washington State
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Kmart:

Target Deal Rounds Up Longtime Kmart Partner
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England:

Father jailed for attack on bankruptcy judge
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Germany:

Failed German firm may find buyer in Bank One

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Canada:

Upscale Toronto women's fashion retailer goes bankrupt
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General Publishing closes Musson
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Books unbound as court ruling signals General's end
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Japan:

Legal Uncertainties Cloud Real Estate Securitization
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Indonesia:

Former Manulife partner to continue court battle
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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