July 22, 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

         
WorldCom:

WorldCom Files for Bankruptcy Protection
(DBN Subscription Required)

WorldCom's final chapter: 11
(DBN Subscription Required)

The Petition

WorldCom Seeks Court Protection
(WSJ: separate paid subscription required)

The Official Press Release
(DBN Subscription Required)

Ebbers May Be Pushed to Seek Personal Bankruptcy Protection
(WSJ: separate paid subscription required)

Creditors Announce Cooperation Pact to Protect Customers And Reorganize WorldCom Quickly
(DBN Subscription Required)

WorldCom/Bankruptcy: About $700 Million Owed To Local Phone Companies
(DBN Subscription Required)

Summary Of Cos. Reporting Exposure To WorldCom
(WSJ: separate paid subscription required)

Customers Seek New Phone Service
(WSJ: separate paid subscription required)

Telcos will feel WorldCom's pain
(DBN Subscription Required)

WorldCom Bankruptcy Poses Financial Risks to Other Phone Companies
(NYT: separate free registration required)

WorldCom's listed biggest creditors
(DBN Subscription Required)

WorldCom adds two new directors for special review
(DBN Subscription Required)

WorldCom Bondholders to Lose $1 Billion in Interest This Year
(DBN Subscription Required)

WorldCom Files Record Bankruptcy
(DBN Subscription Required)

WorldCom Bankruptcy May Leave Workers Without Severance Pay
(DBN Subscription Required)

What Filing Will Mean To Customers, Investors
(DBN Subscription Required)

WorldCom looks for expert in restructuring
(DBN Subscription Required)

Timeline of the History of WorldCom
(NYT: separate free registration required)

WorldCom underwriters may be liable for fund losses
(DBN Subscription Required)

WorldCom Woes Raise Price War Fears
(DBN Subscription Required)

Did WorldCom Overstate its 'Net Traffic, Too?
(WSJ: separate paid subscription required)

Industry Awaits WorldCom Collapse
(DBN Subscription Required)

Self-Made Millionaire Target of WorldCom Investigators
(DBN Subscription Required)

In a field of collapsing telecoms, WorldCom's failure remains spectacular
(DBN Subscription Required)

WorldCom Offers Customer Incentives; Bankruptcy Looms
(DBN Subscription Required)

Internet Giants Prepare for WorldCom 'Storm'
(DBN Subscription Required)

Many Think Service Won't Decline Further
(NYT: separate free registration required)

WorldCom Bondholders Fail to Get Swap
(DBN Subscription Required)

WorldCom Fall 'a Tidal Wave'
(NYT: separate free registration required)

WorldCom, Lenders Finalizing One Of Largest DIPs Ever
(DBN Subscription Required)

____________________

Telecoms:

US phone firm in accounts probe
(DBN Subscription Required)

Pacific Crossing files for bankruptcy
(DBN Subscription Required)

Asia Global Crossing's Pacific Crossing Files for Bankruptcy
(DBN Subscription Required)

Effect of telecom rulings won't live up to the hype
(DBN Subscription Required)

Telecom survivor followed own path
(DBN Subscription Required)

Suitors May Have Renewed Interest in Bankrupt Williams Communications
(DBN Subscription Required)

Judge OKs Forstmann's XO plan
(DBN Subscription Required)

NASD Prepares Action Against Salomon's Grubman
(DBN Subscription Required)

__________________

Oil, gas independents look to bankruptcy protection
(DBN Subscription Required)

  Enron:

Loans Hidden, Enron Probers Say
(DBN Subscription Required)

Investigators say Enron Corp. hid loans
(DBN Subscription Required)

Citigroup Deals Helped Enron Disguise Its Debts as Trades
(DBN Subscription Required)

Enron Executives Have History of Squelching Disturbing Information
(DBN Subscription Required)

Senate Hearing Set on Enron's Bankers
(NYT: separate free registration required)

So Far, Enron Employees Avoid Indictment
(DBN Subscription Required)

Talks stall on Enron India plant
(DBN Subscription Required)

Temp staffing firms hit hard by fall of Enron
(DBN Subscription Required)

__________________

Corporate Reforms:

Pitt proposes jail for errant CEOs
(DBN Subscription Required)

Clients prepare to pony up, reform their boards
(DBN Subscription Required)

Lawyers Question SEC Order That CEOs Take Results Oath
(WSJ: separate paid subscription required)

A memo to jittery boards: Take your time
(DBN Subscription Required)

Top US Securities Regulator Vows Vigorous Campaign Against Corporate Fraud
(DBN Subscription Required)

Is it possible we could do to ourselves what our worst enemies did not manage?
(DBN Subscription Required)

The Global Cost of Crony Capitalism
(NYT: separate free registration required)

Corporate heads that never blush
(DBN Subscription Required)

Bush Appeals to Congress to Pass Fraud Bill Before Summer Recess
(WSJ: separate paid subscription required)

Professor and author David A. Skeel on corporate law
(DBN Subscription Required)

For Capital One Leaders, No Salary, Just Options
(DBN Subscription Required)

Crime and punishment (white-collar variety) - Congress hikes maximum penalties for corporate fraud, but will prison sentences be carried out?
(DBN Subscription Required)

_____________

Austin: Bradley to file bankruptcy: For controversial developer, decision follows soured deals, government collection efforts
(DBN Subscription Required)

Airlines:

Airlines declare fare war
(DBN Subscription Required)

Airline Industry Recovery Stalls with $1.4 Billion Second-Quarter Losses
(DBN Subscription Required)

Midway Airlines Reports $11.5M Losses
(DBN Subscription Required)

US Airways tries to stay solvent
(DBN Subscription Required)

___________________

No bids made for Jacobson's
(DBN Subscription Required)

Enron:

Complainant Site Enron Work in Investigation of Houston Law Firm Partners
(DBN Subscription Required)

____________________

Asbestos:

Maura Abeln Smith - Owens Corning
(DBN Subscription Required)

Conspiracy Claim Against NY Firm Dismissed
(DBN Subscription Required)

____________________

Law Firms:

Reed Smith Lays Off Associates
(DBN Subscription Required)

Which law firm ranked at the top nationwide at meeting employees' needs?
(DBN Subscription Required)

__________________

Reuters tells its own financial disaster story
(DBN Subscription Required)

Day care providers hit troubled times

Phar-Mor going-out-of-business sales to begin
(DBN Subscription Required)

Friede Goldman Petitions Court to Pay Secured Debt
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(1 new opinion today)  

Bankruptcy Jobs - 90 Jobs - Last Updated July 22, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Economy:

Investors See No Respite From Declines: U.S. Stocks Outlook
(DBN Subscription Required)

Stocks Tumble Across Asian Markets
(NYT: separate free registration required)

If This Is a Hangover, the Exuberance Was Rational
(DBN Subscription Required)

The Market's Silver Lining: Some Stocks Have Gotten Cheap
(WSJ: separate paid subscription required)

Investors See No Respite From Declines: U.S. Stocks Outlook
(DBN Subscription Required)

Americans lose faith as Dow hits four-year low
(DBN Subscription Required)

__________________

$4.7M awarded to Miami bank against New York bank for failure to report suspicions of check kiting
(DBN Subscription Required)

Atlanta: Renovated downtown hotel files for bankruptcy
(DBN Subscription Required)

Nicor Shares Plunge to 10-Year Low after Questionable Accounting Revealed
(DBN Subscription Required)

Phycor could exit bankruptcy in August
(DBN Subscription Required)

Sanrise creditors battle executive retention plan
(DBN Subscription Required)

Electricity:

Shedding Debt Becomes a Burden for Biggest U.S. Power Traders
(DBN Subscription Required)

Randall Mehrberg - Exelon Corp.
(DBN Subscription Required)

____________________

Bankruptcy Reform:

Lt. Governor Seeks Probe of Loan to Moran
(DBN Subscription Required)

___________________

Union Scoffs at Kaiser Aluminum Plan
(DBN Subscription Required)

A Torrent of Loans Becomes a Trickle
(NYT: separate free registration required)

Adelphia:

The Adelphia Story
(DBN Subscription Required)

'Adelphia' axed from Titans' Coliseum
(DBN Subscription Required)

Adelphia Should Give Customers Rebates, L.A. City Attorney Says
(DBN Subscription Required)

___________________

Not Paying Your Bills? It Could Cost You a Job
(DBN Subscription Required)

Honolulu's downtown office space emptying
(DBN Subscription Required)

Creditworthy? Be Credit-Wary, Too
(NYT: separate free registration required)

Jacksonville, Fla., Hospital Turns to Funding Sources to Avoid Bankruptcy
(DBN Subscription Required)

Retirees, bank push to purchase Polaroid
(DBN Subscription Required)

California Agency Offers Tips on Recovering Deposits from Bankrupt Retailers
(DBN Subscription Required)

Henninger seeks Ch. 11 protection
(DBN Subscription Required)

Laidlaw, Safety-Kleen settle
(DBN Subscription Required)

1995 Tort Reform Act: Safe Harbor For Fraud?
(DBN Subscription Required)

Accounting:

House bends on audit bill
(DBN Subscription Required)

Andersen clients pick new firms
(DBN Subscription Required)

Pressure rises for better accounting of options, bonuses
(DBN Subscription Required)

___________________

Oxmoor Golf seeks Chapter 11 protection
(DBN Subscription Required)

Ex-ostrich farmer sentenced for bankruptcy fraud, money laundering
(DBN Subscription Required)



Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

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
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. 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