June 6, 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

         

DIP dimensions World Kitchen Inc.
(DBN Subscription Required)

Deborah Schrier-Rape - Family law
(DBN Subscription Required)

Airlines:

New airlines fly in clouds of doubt
(DBN Subscription Required)

Airline loan program inches closer
(DBN Subscription Required)

More Turbulence for Airlines
(DBN Subscription Required)

The Airlines' Recovery Is Stalling
(DBN Subscription Required)

US Airways Will Not Fail As a Company, CEO Vows
(DBN Subscription Required)

____________________

Accounting:

Damning picture of Andersen as trial nears end
(DBN Subscription Required)

Lawyers Directed Andersen Document Destruction, Prosecutor Claims
(DBN Subscription Required)

Local Andersen Attorneys Abandon Ship
(DBN Subscription Required)

Document-Shredding by Andersen Was a Calculated Effort, U.S. Says
(WSJ: separate paid subscription required)

Andersen judge instructs jurors before arguments
(DBN Subscription Required)

Andersen Pays Off Baptist Foundation
(DBN Subscription Required)

Atos buys KPMG units
(DBN Subscription Required)

____________________

VisionLand files for bankruptcy
(DBN Subscription Required)   

Power Utilities:

FERC order sinks utility stocks - Williams, Avista, Portland GE and El Paso all down after regulators threaten to pull licenses
(DBN Subscription Required)

Power sellers say Calif plan is "regulatory overkill"
(DBN Subscription Required)

Firm Wins Lawsuit on Energy; High Court Rebukes Davis for Intervention
(DBN Subscription Required)

Perot Systems Gave Enron Pricing Tips, Senator Says
(DBN Subscription Required)

______________________

Burlington Finalizes Strategic Restructuring Actions and Sets Future Structure of Company
(DBN Subscription Required)

Firms That Lived by the Deal Are Now Sinking by the Dozens
(WSJ: separate paid subscription required)

Seitel Struggling To Avoid Bankruptcy, Asks Judge to Rule on Contract
(DBN Subscription Required)

Digital Transmission To Liquidate Assets To Pay Debt
(WSJ: separate paid subscription required)

Tonga Sues Court Jester Over $26 Million Boondoggle
(DBN Subscription Required)

Law Firms:

Will spurned Bay Area firm sue?
(DBN Subscription Required)

Alive and Kicking - Rumors of death greatly exaggerated
(DBN Subscription Required)

Heller Hires Pair of CSFB Heavy Hitters
(DBN Subscription Required)

Holland & Knight to merge with McBride Baker & Coles
(DBN Subscription Required)

US Firms Picking London Partnership Clean
(DBN Subscription Required)

_______________________

Moab, Utah-Based Sports Clothing Maker Files for Bankruptcy Protection
(DBN Subscription Required)

Parties Bound by Pact Limiting Appeals
(DBN Subscription Required)

  Goldman Calls for Majority of Independent Directors
(DBN Subscription Required)

Goldman's Paulson offers reform program
(DBN Subscription Required)

Letter from Delaware
(DBN Subscription Required)

Enron:

Sacred Cow Au Jus
(DBN Subscription Required)

Andersen Wins Request to Quash Enron Motion
(DBN Subscription Required)

Enron Creditors' Probe of Andersen Blocked by Bankruptcy Judge
(DBN Subscription Required)

House Panel Investigates Enron's Energy Trading Tactics
(WSJ: separate paid subscription required)

Rule saves Tyco workers' 401(k) plan from tragedy
(DBN Subscription Required)

Juicy new name for Enron stadium
(DBN Subscription Required)

Minute Maid triggers pun and games
(DBN Subscription Required)

Enron-Inspired Showdown Involving Venoco Executives Heads to Shareholders
(DBN Subscription Required)

___________________

Tech companies raise reserves for bad debts
(DBN Subscription Required)

Adelphia:

Adelphia's Rigas family resigns
(DBN Subscription Required)

Moody's: Adelphia Bankruptcy 'Imminent'
(DBN Subscription Required)

Four Members of Family that Founded Adelphia Business Solutions Resign
(DBN Subscription Required)

Moody's warns Adelphia creditors of losses
(DBN Subscription Required)

Adelphia Family's Legal Costs at Issue
(NYT: separate free registration required)

_______________

Dairy Mart Gets Extension For Filing Chapter 11 Plan
(WSJ: separate paid subscription required)

San Jose Symphony:

Sour note for San Jose's musicians / Some are forced to move away, affecting other area orchestras
(DBN Subscription Required)

_________________

Auction Set for Ailing Santa Barbara, Calif.-Based Plastic Surgery Company
(DBN Subscription Required)

Farmland:

Farmland says Smithfield offer wasn't viable
(DBN Subscription Required)

Series of orders approved in ag cooperative's Chapter 11 case
(DBN Subscription Required)

Farmland Industries Lists Largest Unsecured Creditors
(WSJ: separate paid subscription required)

Farmland says court lets use funds to keep operating
(DBN Subscription Required)

______________________

Kmart:

Blue Light vs. red ink
(DBN Subscription Required)

______________________

Tyco may take $6bn hit in CIT disposal
(DBN Subscription Required)

Deal clears way for Metachem cleanup - Bankruptcy judge gives EPA and Delaware the rights to sell factory's assets

Atlanta: Firm owned by ex-mayor's friend files for bankruptcy
(DBN Subscription Required)

Bankruptcy exits - June 6, 2002
(DBN Subscription Required)

3M: Attach asbestos suits
(DBN Subscription Required)

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 142 Jobs - Last Updated June 3, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Study criticizes Delaware bankruptcies

Paperwork used for revenge - Protester's bogus bankruptcy petitions temporarily disrupt officials' credit
(DBN Subscription Required)

Telecoms:

Network Access goes offline
(DBN Subscription Required)

Teleglobe in court over BCE
(DBN Subscription Required)

KPN to continue funding KPNQwest for 'a matter of days'
(DBN Subscription Required)

KPNQwest Lays Off a Third of Dutch Headquarters Staff
(NYT: separate free registration required)

Bankrupt WINfirst draws interest
(DBN Subscription Required)

Asurent Wireless to liquidate assets
(DBN Subscription Required)

Goodwill Hunting - The other shoe is about to drop, and it may crush the balance sheets of many cable and telecommunications companies
(DBN Subscription Required)

Struggling WorldCom could jettison 16,000 jobs
(DBN Subscription Required)

Global Crossing Courts Clients of KPNQwest, European Rivals
(DBN Subscription Required)

Williams Communications Investors Get Hearing
(DBN Subscription Required)

Qwest Investors Descend Upon Dublin, Ohio, to Vent Displeasure with Executive
(DBN Subscription Required)

9,000 Cellphone Customers In Lurch
(DBN Subscription Required)

Court Confirms Liquidation Plan For Former Exodus Commun
(WSJ: separate paid subscription required)

SBC facing big challenges amid the global downturn
(DBN Subscription Required)

GlobalStar in talks with Inmarsat, buyout firms
(DBN Subscription Required)

____________________

Rusnak charged over Allfirst scandal
(DBN Subscription Required)

A corrupted market
(DBN Subscription Required)

Study Finds Negative OPS a Predictor of Possible Bankruptcy
(DBN Subscription Required)

$30 mil in DEN programming set for auction block
(DBN Subscription Required)

Debit card case headed for review - Retailers challenge Visa, Mastercard over fees
(DBN Subscription Required)

Law firm plans to securitize its fees in $53.5 mln tobacco suit fee bond
(DBN Subscription Required)

Regus considered Chapter 11 for US subsidiary
(DBN Subscription Required)

Shareholder Bids for Remaining Interest of Bankrupt Ride Maker
(DBN Subscription Required)

Steel:

U.S. Steel to Let Bankrupt National Options Expire
(DBN Subscription Required)

Bids for LTV's assets due July 10
(DBN Subscription Required)

_____________________

England:

Bankruptcy Swamps Rising Tide of British Students, Graduates
(DBN Subscription Required)

_____________________

Hong Kong:

Hong Kong's Largest Restaurant Closes
(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