March 1, 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

         
Enron:

Enron creditors score a win - Judge orders Andersen to produce witnesses and documents; law firm also named
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Enron Paid Huge Bonuses in '01; Experts See a Motive for Cheating
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Life After the Crash - Holding Enron's Fort Are the Loyal and The Soon to Depart
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3 Enron executives contradict Skilling testimony on deals
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Enron Shareholders' Law Firm May Have Conflict in Andersen Lawsuits
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Asset protection not automatic
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Many Enron Traders Join UBS, Others Balk
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Enron yard sale sparks bidding war
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Enron's Behavior Disgusts Many Oil, Gas Producers
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Lawmakers Ask Skilling to Clarify
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Shredding probe approved
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Some Profit Being Made on a Unit of Enron
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Enron Europe train set stars in yard sale
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Analysts On Enron Won't Take Blame
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CSFB Team Had Role in Enron Partnerships
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Senate Democrat Goes to Town on Bush Administration Over Enron
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Cabinet agency to release info on Cheney panel
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Trial Deadline Is Set for 2003
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US Congress probes CSFB dealings with Enron: Bankers helped to set up partnerships that shielded unprofitable assets
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Lacking auditor, Enron asks SEC for filing exemption
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Investors try to keep Kopper from Enron partnership role
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Decision expected on Enron Wind auction
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Enron's alchemy turns to lead for bankers
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Bankrupt Suprema to seek liquidation
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Ashland coal firm claims bankruptcy

AEI files prepack bankruptcy
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Bondholders of Salt Lake City-Area Chemical Firm Seek Dismissal of Petition
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Airlines:

Sun Country Airlines' Lender Petitions Court for Expedited Hearing in Bankruptcy Case to Facilitate Asset Transfer to New Owners
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Investor Group to Buy Sun Country Airlines' Assets
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Rival Firm May Spell Trouble for Stockwalk Group
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  MarchFirst:

Ex-CEO denies any MarchFirst misconduct
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Pinning Blame Name of Game with MarchFirst
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Leiner Files Ch. 11 to Lighten Massive Debt
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Power Utilities:

PG&E to Revise Results After Listing Leases as Debt
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SCE About to Repay Debts of $5.5 Billion
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Pillowtex:

Pillowtex bondholders settle dispute
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Pillowtex Corp. plans cutbacks at Columbus plant
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Pillowtex to Lay Off Nearly 1,000 in Columbus, Ga., Area
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Bankruptcy Court Approves Pillowtex Corporation's Disclosure Statement
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Loews:

Loews' reorganization plan confirmed
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Loews Cineplex Recovery Plan Wins Judge's OK
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Former SFG owner suing trustee
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Steel:

Sale of LTV assets to Ross OK'd
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Bush Officials Meet to Seek a Compromise on Steel Tariffs
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Fed Court Upholds Ruling On Geneva Steel Claim
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Other buyers hinted for Beth Steel, plants
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Bush set to favor steel industry over free trade
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Bush expected to reject call for steel import duties
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Judge approves Ravens, PSINet deal
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Amfac mired in debt

Hawaii: Bankrupt Sia faces losing bail
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Cheese plant shuts down after bankruptcy
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Book closes on Excite@Home
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Bankrupt Tama, Iowa, Meat Packer May Have a Future
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Kmart:

Loophole Could Decide Bank of N.Y. v. Kmart
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Cashing In On Martha's Good Name
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Something spooked Chairman James Adamson into abruptly canceling an elaborate breakfast with local media
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated February 27, 2002
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Bankruptcy Court Web/Pacer Site Directory

UST:

Ashcroft picks head of U.S. Trustees office
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A Southfield attorney opens a new chapter - Friedman will lead bankruptcy office
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GM, AOL, Telecom Italia, Others Vexed by Cost of Put Options
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Sour stocks knock 83 billionaires off Forbes list

Sun Healthcare:

Albuquerque, N.M.-Based Nursing Home Operator Comes Out of Bankruptcy Leaner
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Sun Healthcare Credit
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Accounting:

W.T.O. Pact Would Set Global Accounting Rules
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Andersen battles to clear its name
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Enron plaintiffs say auditor wants to settle
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Federal Bailout of Philadelphia Insurer's Pension Plan to Cost $124 Million
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Idled Detroit-Based Auto Supplier's Staff Fears Mini-Enron
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McLeodUSA Announces Bankruptcy Court Approval of its Disclosure Statement
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Bankruptcy trustee to pursue assets
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Bankrupt Future Finance cuts staff
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Filing sheds light on StateTitle affairs
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Telecoms:

Global Crossing Unit's Woes Grow
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Liquidation likely for Global
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Dining out on one big victory: But what happens when Global Crossing motherlode runs out?
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Another major rating agency lowered Williams Cos. Inc.'s credit rating outlook to negative
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Japan:

Small firms need new loan criteria
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Japan's anti-deflation plan disappoints
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Canada:

Skeena Cellulose sold to NWBC
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Evidence points to fraud by Dylex owner: judge
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England:

Home-buying Britons face credit crunch
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