July 9, 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

         

Business Is Booming For Weil Gotshal's Bankruptcy Team
(DBN Subscription Required)

Corporate Reform:

Pressure builds for reforms after Senate finds Enron directors knew of crisis
(DBN Subscription Required)

Jail urged for corporate crime
(DBN Subscription Required)

Bush forced to defend his business past ahead of speech on corporate America
(DBN Subscription Required)

Congress Queries 13 Corporate Boards
(DBN Subscription Required)

_______________________

A Rally Crumbles, a Debt-Doomsday Warning Appears
(DBN Subscription Required)

Telecoms:

Log On America says to file bankruptcy
(DBN Subscription Required)

Telia buys KPNQwest's French unit for E3m
(DBN Subscription Required)

FLAG Telecom Files Plan of Reorganization
(DBN Subscription Required)

So far, telecom layoffs higher this year than last
(DBN Subscription Required)

Telecom Sector Is Too Risky For Buyout Firms Used to Risk
(WSJ: separate paid subscription required)

Troubled telecom carriers face stiff competition, deep debt loads - "It is pretty ugly out there"
(DBN Subscription Required)

Telecoms: saved by the Bell?
(DBN Subscription Required)

'Telecom Junkie' Is Unmoved
(DBN Subscription Required)

KPNQwest had much wider 2001 loss than reported
(DBN Subscription Required)

____________________

Jacobson Stores to liquidate
(DBN Subscription Required)

Adelphia:

Adelphia Slams Deloitte & Touche
(DBN Subscription Required)

Congress orders Adelphia records
(DBN Subscription Required)

Adelphia Says It Withheld Data
(NYT: separate free registration required)

____________________

Airlines:

US Airways Offers U.S. An Equity Stake
(DBN Subscription Required)

Pilots, US Airways reach tentative agreement
(DBN Subscription Required)

SAS bankruptcy feared
(DBN Subscription Required)

__________________

Insurers lost big in 2001
(DBN Subscription Required)

Cedar Chemical gets bankruptcy extension
(DBN Subscription Required)

Economy:

Consumers' Borrowing Rose By Sharp $9.5 Billion in May
(WSJ: separate paid subscription required)

_____________________

Summit Manufacturing LLC Files Chapter 11 Petition
(DBN Subscription Required)

Bankruptcy Judge OKs Sale of General DataComm's Former Headquarters
(DBN Subscription Required)

  WorldCom:

Ex-WorldCom Executives Won't Testify
(DBN Subscription Required)

WorldCom blame game starts in Washington
(DBN Subscription Required)

Internal Memos Show Sullivan's Plan
(WSJ: separate paid subscription required)

WorldCom Execs Accuse Auditor, Ex-CEO Pleads Fifth
(DBN Subscription Required)

Improper Accounting
(DBN Subscription Required)

Despite Access, Star Analyst Missed WorldCom Trouble Signs
(NYT: separate free registration required)

All eyes on WorldCom International
(DBN Subscription Required)

Bank Ducks WorldCom Punch
(WSJ: separate paid subscription required)

WorldCom, Auditors Collide
(DBN Subscription Required)

WorldCom grilling turns up no definitive answers
(DBN Subscription Required)

Georgia's Revenues from WorldCom on Collect Calls from Jails Is in Jeopardy
(DBN Subscription Required)

WorldCom's Sidgmore Rules Out Government Aid, Not Much Else
(DBN Subscription Required)

Fired CFO tried to delay review of company books
(DBN Subscription Required)

Sprint Tells Pentagon WorldCom Should Lose Contract
(DBN Subscription Required)

___________________

Accounting:

Sarbanes, Gramm clash over audit reform
(DBN Subscription Required)

Key Senators See Audit Bill Passing as Debate Starts
(DBN Subscription Required)

IRS Will File Actions Against Two Firms Over Tax Shelters
(WSJ: separate paid subscription required)

Cash-Flow Hocus-Pocus - This seemingly simple number can be anything but straightforward
(DBN Subscription Required)

Big Four come out fighting as audit changes loom after Andersen scandal
(DBN Subscription Required)

Republicans to Back Accounting Bill
(WSJ: separate paid subscription required)

WorldCom disaster seals the fate of US accounting firms
(DBN Subscription Required)

Stocks tumble, bonds rise on accounting fears
(DBN Subscription Required)

Citigroup's Weill Urges Reforms
(WSJ: separate paid subscription required)

CEOs Back Plan to Sign Results
(WSJ: separate paid subscription required)

_________________

Farmland has full DIP access
(DBN Subscription Required)

Kmart:

Kmart records sought
(DBN Subscription Required)

Stewart's Broker Subpoenaed
(DBN Subscription Required)

_________________

AES' Colombian unit is bankrupt
(DBN Subscription Required)

AES Subsidiary Files Chapter 11
(DBN Subscription Required)  

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 115 Jobs - Last Updated July 8, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Enron:

Enron Trader Had a Year to Boast of, Even If . . .
(NYT: separate free registration required)

BIS speaks out on Enron affair
(DBN Subscription Required)

Enron Asks Bankruptcy Judge to Change Ruling on Funding of Employees' Counsel
(DBN Subscription Required)

Oregon group eyes Enron asset
(DBN Subscription Required)

Wakeham facing more lawsuits over Enron bankruptcy
(DBN Subscription Required)

Web exchange ICE to buy ex-Enron trading software
(DBN Subscription Required)

Southern Co. Garners No Competition In Bid For New Power
(DBN Subscription Required)

_____________________

Law Firms:

Down to a Trickle - Corporate firms doing a fraction of the deals they did in prior years
(DBN Subscription Required)

Brobeck's Staff Still Shrinking; Some Undecided
(DBN Subscription Required)

Orrick Staffers Taking to Country Roads - Life is less expensive and more relaxed for firmís West Virginia team
(DBN Subscription Required)

White & Case Sued Over Raid on Competitor
(DBN Subscription Required)

The AmLaw 100 at Ground Zero
(DBN Subscription Required)

Disintegration of World's Second Largest Law Firm Completed
(DBN Subscription Required)

___________________

Desa Intl In Default Of DIP Loan After Judge's Ruling
(WSJ: separate paid subscription required)

Steel:

No new bidders in Republic Technologies auction
(DBN Subscription Required)

Bankruptcy Court Mulls Fate of Republic Technologies
(DBN Subscription Required)

U.S. eyes more steel exclusions before July 19
(DBN Subscription Required)

_________________

Indonesia:

Manulife ruling overturned
(DBN Subscription Required)

Indonesia Top Court Decides Insurer Isn't Really Bankrupt
(NYT: separate free registration required)

Manulife Indonesia wins bankruptcy appeal
(DBN Subscription Required)

__________________

Australia:

Alarm over rise in debt collection
(DBN Subscription Required)

___________________

India:

Banking Reforms May Hasten Cleanup of India's Bad Loans
(WSJ: separate paid 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