July 25, 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:

DIP Dimensions: WorldCom Inc.
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U.S. Prosecutors Plan to Indict Two Former WorldCom Officials
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Verizon seeks help with WorldCom
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Should I switch from WorldCom to other service
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EDS earnings rise but hurt by WorldCom bankruptcy
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Judge tackles pair of major bankruptcies
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Citigroup:

Two Lawsuits Add To Citigroup's Headaches
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Citigroup takes its turn under the spotlight
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Citigroup pays price for crossing Enron
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Kmart:

Kmart needs more time for review
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Kmart to Cut Jobs in Next 2 Months
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Kmart's Exclusivity Period Extended Through February 2003
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Hispanic Television Network Files for Bankruptcy Protection
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Online Auctioneers Squeeze Money Out of Firms' Mistakes
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Economy:

Dow Notches Second-Largest Point Gain in Broad Rally
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Then ... And Now: Utility Stymied in Effort to Get Funds from Bankrupt Aluminum Producer
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Telecoms:

Marconi's 'expert' turnaround
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Williams creditors snub Level3
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Phone Giant in Canada Writing Off $5.7 Billion
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________________

Suspect Is Held With No Bond in $12 Million Fake-Check Case
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San Francisco Eyes Taxing Partner Draws
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  Deutsche Bank Asked About Polaroid
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Here comes the Sun
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Letter from Delaware: Examining the examiner
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International Bank Updates Roster of Bankruptcy Firms
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Adelphia:

Adelphia founder, 4 others arrested
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Adelphia Charges Up the Ante
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Founder, sons charged with looting Adelphia
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Adelphia Future Cloudy
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Prosecution Deepens Adelphia's Woes
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Family's private affairs hit public domain
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Adelphia chronology of events
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Adelphia Files Lawsuit Against John Rigas and Other Former Executives and Board Members of Adelphia
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Rigas Took Adelphia From Small-Town to Big-Time
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J.P. Morgan defends integrity
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Airlines:

Airlines cut fares amid a $1.4 billion loss
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United Airlines and US Airways announce co-operative agreement
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Creditors seek to force VisionAire into bankruptcy
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Enron:

Fight resumes on who will pay fees

Man waits as lawyers argue injury settlement
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Bankruptcy Reform:

Moran Deflects Pressure For Probe
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Scient Receives Nasdaq Notice
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Strategic Technologies files for bankruptcy protection
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 90 Jobs - Last Updated July 22, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird news
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Rebellious board sues ex-CEO
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Corporate Reform:

Accord On Bill To Fix Fraud
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Watchdogs' Vigilance Key to Bill's Success
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Million-dollar question
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A Corporate Crackdown
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Law targets business fraud
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U.S. Congress agrees on new company rules
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Jacobson's:

Jacobson begins liquidation
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Developers interested as Jacobson's nears liquidation
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Energy:

Bankruptcy may be ahead for more energy merchants
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Energy Traders Take a Beating on Wall Street
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Wall Street darlings lose their charm
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Trading Games Erode Confidence in Energy Business
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Bottom Still Far Off for Energy Traders
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Traders are forced into liquidity trap
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__________________

Greate Bay Casino Corporation Announces Liquidation
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Indonesia:

Three Manulife bankruptcy judges may be indicted for bribery
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_______________

Japan:

Mycal to Close 10 More Outlets
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In Asia, Saving Is Out And Bankruptcies Soar
(WSJ: separate paid subscription required)

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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