July 26, 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

         
Tyco appoints new CEO as stock falls amid rumors of bankruptcy
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Jacobson's:

Ruling today could close Jacobson's
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Jacobson's is going out of business; sales begin Friday
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It's official: Jacobson's to close
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As Jake's closes, new retailers grow
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Jacobson's countdown begins
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Enron:

Senate committee asks bank CEOs for affidavits
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Merrill To Testify On Enron Before Senate Subcommittee
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Enron Issues Promissory Notes to Public
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Enron to Submit Bidding Procedures
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Investor Sues Citigroup, Credit Suisse Over Enron Notes
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Energy:

Williams energy trading business could take company to bankruptcy
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Former Executive Owes Williams Cos. $23 Million under Discontinued Program
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Caution: Energy Trading
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S&P cuts Dynegy's credit rating again
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Severe fines for phony power swaps are proposed
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Merchant Energy Meltdown Seen Nowhere Near Its End
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Adelphia:

Insurer wants to cancel coverage for Adelphia
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Rigas mortis
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Adelphia scandal bad news for cable industry
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Joy Global Inc. Makes Third Stock Distribution
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Hispanic Television files for Ch. 11
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Airlines:

Kitty Hawk to exit Chapter 11
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Former Employees of Embattled Midway Want Back Pay
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Administrator Wants to Change Midway Airlines' Reorganization into Liquidation
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Rivals' Alliance Pressures Delta Air Lines
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Corporate Woes Help Lift Collectibles Sales on eBay
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  Bankruptcy Reform:

Deadlock broken on bankruptcy reform bill
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Bankrupt-law Overhaul Near
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Tougher Bankruptcy Laws Likely
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Hill Set to Change Bankruptcy Laws
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Negotiators Agree on Bill to Rewrite Bankruptcy Laws
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House, Senate Reach Accord On Dormant Bankruptcy Bill
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Film stars sued by bankruptcy trustee over investment scam
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WorldCom:

WorldCom creditors must shout
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WorldCom Creditors Committee To Be Formed Monday
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Internet performance intact despite WorldCom bankruptcy concerns
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Feds to Charge Ex-WorldCom Execs
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Street Awaiting WorldCom Charges
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WorldCom's Bankruptcy Struck “Asian Tigers”
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WorldCom Tries to Rebuild Image
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WorldCom: No Indication of DOJ Indictment
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WorldCom indictments called likely next week
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Laid-Off Workers Lose Severance
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Va. Co. Buys Halter Marine Shipyards
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Baseball:

Strike could put several owners out of baseball
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Economy:

Stock rout is trickling to broader economy
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Telecoms:

Verizon Settles NorthPoint Suit
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360Networks plan approved
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Telecom bankruptcy wave may become self-perpetuating
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Verizon snubs, Genuity in $3 billion default, bankruptcy possible
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ICG Communications - Receives $25 Million in Exit Financing Modifies Plan - Of Reorganization
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Court Limits Trading In Claims Against Williams Communications
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New Bankruptcy Opinions
(3 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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Bankrupt broker is back in business
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Kmart:

SEC gets extension for Kmart probe
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Kmart details plan for next job cuts
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35 employees cut at Kmart headquarters
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Steel:

Tariffs revive Big Steel, but will the patient really recover?
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Crt Gives Bethlehem Steel Until Jan 31 To File Ch 11 Plan
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Corporate Reform:

Congress Approves Corporate Regulation Bill
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Corporate-Oversight Bill Passes, Smoothing Way for New Lawsuits
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Corporate fraud bill passed by Congress
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US tries to stop rot with new rules
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Overhaul of Corporate Oversight Has Far-Reaching Consequences
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Corporate crackdown bill passes Congress
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US revels in blame game
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Concord Camera near agreement with Polaroid
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Accounting:

Broader SEC probe into AOL is expected
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US Corp Bonds - Weaker as accounting worries weigh
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PhyCor Announces Confirmation of Reorganization Plan
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Citigroup's Vast Reach Brings Trouble
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New York Tobacco Fee Hearing Has Lawyers Smoking
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Wakefern Food Corp. Successfully Closes on Sale of Big V Supermarkets
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Creditors Support Montgomery Ward Panel's Chapter 11 Plan
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Norway:

Bankruptcies hit nine-year high
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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