July 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

         
Bankruptcy Reform:

Abortion dispute derails bankruptcy legislation
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White House Hails Bankruptcy Bill
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House bankruptcy bill stalls
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Anti-abortion Republicans block bankruptcy bill
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Bankruptcy bill: This time it's personal
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Hey, Big Spender, No Bankruptcy For You
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Bankruptcy Reform Targets Victims, Not Causes
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No mercy -- or at least much less - Bankruptcy reform bill too hard on consumers, critics say
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Congress to toughen bankruptcy restrictions / Bill would make it harder to escape debts
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Joint Explanatory Statement of the Committee of Conference
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Bankruptcy-Reform Bill Displays Still-Formidable Corporate Clout
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Bankruptcy reform a done deal
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Bankrupt bill picks up speed
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Bankruptcy courts may fill up ahead of bill
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Xcel Energy Talks With Lenders on Power Unit's Debt
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Polaroid Stockholders Seek To Block Sale
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Harnischfeger Didn't Break Law by Slashing Retiree Benefits, Judge Rules
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Law Firms:

Law Firms and Private Detectives Compete in Scandal Probes
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Reading the Tea Leaves
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Townsend Pulls Out of Merger Talks With L.A.'s Lyon & Lyon
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The Sunbeam Fee Feast
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Airlines:

Bad luck, strategy crippled Midway
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Midway Airlines: A chronology
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Cellu Converting wins American Tissue auction
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Adelphia:

$1 million a month said to be Rigas' withdrawal limit
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Arrests speed Rigases' demise
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Probe Looks At Spending by Newport Creamery's Former Owners
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Accounting:

SEC to Post Names of Executives Certifying Results on Its Web Site
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  Symphony files for bankruptcy
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The Corporate Scandal Sheet
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When Worlds Collide: Nonbankruptcy Laws' Impact on Bankruptcy Lawyers
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The Right Approach for First-Day Orders
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What does one wear to file for bankruptcy?
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WorldCom:

FCC aims to reassure WorldCom customers
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WorldCom examiner to be named
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Vultures Circle Worldcom
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Echoes of 1873 railroad industry collapse
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WorldCom bankruptcy portends changes in telecom arena
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Focused on the future, WorldCom's pet analyst went astray. A past master tells us how to avoid that trap
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WorldCom Creditors to Form Representative Committee
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WorldCom Appoints CRO, CFO to Executive Management Team
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Serome Teeters on Brink of Survival
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The Warehouse: big plans, and two bankruptcies
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Airlines:

Official threatens Midway
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Corporate Reform:

Feeling a debt of gratitude for arrests
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GOP eyes seizing mansions, yachts of corrupt executives
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Look at dark side of 401(k)
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Executive Misdeeds Reviving Angry Buzz Of Cynicism
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Cheshire cats of reform / As private citizens, did they do what they now disavow?
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Kmart:

Kmart extends recovery timeline
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Debt fuels US power bankruptcy fears
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Unsecured property tax levels off / Businesses investing less in equipment, reducing inventory
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Energy:

Energy trader warns of loss
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NASD Proposes Tougher Rules To Crack Down on IPO Abuses
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Insurance exec convicted of hiding sports cars, Rolexes during bankruptcy
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New Bankruptcy Opinions
(5 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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Sale starts - Jacobson's closing up
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Tyco: Not dead yet
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Court told of 'implausible' ITV Digital claims
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Accounting firm gets year's probation for alleged negligence in Orange County's 1994 bankruptcy
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Enron:

No Charges Imminent Against Fastow
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Enron Examiner Wants Plan Extension
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Will Congress spawn laws or just litigation?
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Enron's art hopes just a pipe dream

Enmeshed in Enron
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Merrill Banker Won't Testify About Enron
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Telecoms:

Qwest to revise results for 1999-2001
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Qwest Finds Problem With $1.1 Billion in Transactions
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Williams' unsecureds back Leucadia
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ICG, Cerberus agree on $25M debt swap
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Excess haunts Internet sector
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Kingston profits from telecoms turmoil
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Restructure announcement by Williams Communications
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Amid the Telecom Rubble, Opportunity
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Telecom industry surrenders hopes of quick recovery
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Ziff Davis preparing for bankruptcy
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Canada:

Directions for conservatory measures against bankruptcy trustees Pfeiffer & Pfeiffer Inc. and Sydney H. Pfeiffer
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The Dylex debacle: Corporate governance gone awry
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General to seek extension
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Australia:

HIH: Monaco's mystery man and the magic shares
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Germany:

HVB, Spiegel Verlag join KirchMedia bid
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Japan:

FSA plans exam review to boost CPA numbers
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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