March 13, 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:

BofA to Hire Three Former Enron Traders
(DBN Subscription Required)  

US Trustee Names Harrison Goldin Examiner Of Enron Unit
(WSJ: separate paid subscription required)

Cash infusions among units probed
(DBN Subscription Required)

Seeds of a scandal
(DBN Subscription Required)

Fine print in Enron debacle - Owner of a gas well fights for bankrupt firm's small creditors
(DBN Subscription Required)

Lay sells 2nd Aspen house
(DBN Subscription Required)

State looking into Enron severance
(DBN Subscription Required)

Enron Processing Ppties Files For Chapter 11
(WSJ: separate paid subscription required)

Florida's Pension Advisory Panel Plays Hardball over Enron Investments
(DBN Subscription Required)

Dabhol-bidders start getting edgy
(DBN Subscription Required)

Democrats Try to Surpass Bush in Tough Post-Enron Fraud Laws
(NYT: separate free registration required)

Various Enron, Andersen Investigations Continuing Apace
(WSJ: separate paid subscription required)

AFV Report Finds 52 Enron Employees, Consultants, Beneficiaries Now On Government Payroll
(DBN Subscription Required)

___________________

Accounting:

KPMG adds its name to list of Andersen suitors: Rescuer to be revealed soon as worries grow over Justice Department probe
(DBN Subscription Required)

Volcker States The Obvious
(DBN Subscription Required)

Andersen Wary of Guilty Plea
(DBN Subscription Required)

Andersen Strives for U.S. Accords;
Continues Sale Talks With Deloitte
(WSJ: separate paid subscription required)

Justice Threatens to Indict Andersen
(DBN Subscription Required)

Andersen, Government Appear Close to Settlement
(DBN Subscription Required)

Andersen scrambles for settlement: Enron fallout: Accounting firm needs SEC deal before sale possible
(DBN Subscription Required)

UtiliCorp United Plans to Retain Arthur Andersen as Auditor
(DBN Subscription Required)

KPMG's audit may cost it $7.4 million
(DBN Subscription Required)

Employees Believed Shredding Was Policy
(WSJ: separate paid subscription required)

To Sell Itself, Andersen Might Resort To Chapter 11 First
(WSJ: separate paid subscription required)

Boston Chicken Case Mirrors Enron
(WSJ: separate paid subscription required)

Accounting Industry Faces Legislative, Legal Challenges
(DBN Subscription Required)

Leaving Arthur Andersen
(WSJ: separate paid subscription required)

Andersen Sale Called Threat to Reforms
(DBN Subscription Required)

Accounting: It's Not just a job, it's A misdemeanor
(DBN Subscription Required - Free Registration Required)

Andersen sale unlikely, industry analysts say
(DBN Subscription Required)

Accountants May Face Higher Insurance Costs After Enron
(WSJ: separate paid subscription required)

Andersen looks for survival plan
(DBN Subscription Required)

PricewaterhouseCoopers records sought in Hanover Compressor investigation
(DBN Subscription Required)

______________________

Fearing Bankruptcies, Baseball Commissioner Set to Enforce an Old Rule
(NYT: separate free registration required)

Lexington, Ky., Bookstore Firm Sells Domain Name to California University
(DBN Subscription Required)

Bankrupt Detroit-Area Auto-Parts Supplier Finds Buyer
(DBN Subscription Required)

Primer on Pension Issues in Bankruptcy

Former Quarterback, Owner of San Antonio, Texas Eateries Files Bankruptcy
(DBN Subscription Required)   

  Sidley Plans London Bankruptcy Group
(DBN Subscription Required)

Creditors, GE Capital at odds over Montgomery Ward
(DBN Subscription Required)

Airlines:

Sale of assets at Sun Country stalls
(DBN Subscription Required)

No US Airline Recovery Seen This Year
(DBN Subscription Required)

Canada 3000 claims may top $118 million
(DBN Subscription Required)

Bankruptcy Court Allows Creditor to Sell Sun Country Airlines Assets
(DBN Subscription Required)

Air Lib may return to the brink of bankruptcy by October
(DBN Subscription Required)

___________________

Questor bids $145M for 2 bankrupt automakers
(DBN Subscription Required)

Kmart:

Employee tries to halt Kmart closing
(DBN Subscription Required)

Somebody's out to put a Kmart Gold card in my wallet
(DBN Subscription Required)

Creditors upset with Kmart bonus

Last chance starts now for Kmart
(DBN Subscription Required)

Kmart woes plague local firm: Minnetonka Brands files for Chapter 11
(DBN Subscription Required)

Kmart Unlikely to Cut More Stores, Analyst Says
(DBN Subscription Required)

Turnaround guru takes Kmart reins
(DBN Subscription Required)

______________________

Music Semi plays on after Chapter 11 filing
(DBN Subscription Required)

Congress looks to plug Bermuda tax loophole

Group Opposes Fort Lauderdale, Fla., Rental Chain's Bankruptcy Proceedings
(DBN Subscription Required)

Bankrupt Federal-Mogul Completes Divestiture of Signal-Stat
(DBN Subscription Required)

Congress Again Tries to Tighten Derivatives Rules a Bit
(NYT: separate free registration required)

Record store Djangos.com files for bankruptcy
(DBN Subscription Required)

Home Interiors and Gifts, Inc. Approved by United States Bankruptcy Court as Lead Bidder to Acquire Open Invitation/House of Lloyd
(DBN Subscription Required)

Steel:

LTV Repeats: Common Stock is Worthless
(DBN Subscription Required)

Enough Is Enough When It Comes to Protecting Big Steel
(DBN Subscription Required)

Steel -- Just a Symptom
(DBN Subscription Required)

____________________

Senators would criminalize corporate fraud
(DBN Subscription Required)

Central Freight makes bid for Simon Transportation
(DBN Subscription Required)

Hi-Rise Recycling initiates Ch. 11
(DBN Subscription Required)

Arter Sued for Malpractice Over $20M SOMA Lease
(DBN Subscription Required)

WorldPoint faces involuntary bankruptcy
(DBN Subscription Required)

Former Trinity Gas Chief Sers Sentenced to 17 Years in Prison
(DBN Subscription Required)

Vegas PR exec in bankruptcy
(DBN Subscription Required)

The Dangers of Filing Avoidance Actions at the Last Minute

Bankrupt Nx Networks Sells Its Business Products And Services To nsgdata.com
(DBN Subscription Required)

Federal Prosecutors Indict 12 People In Alleged AppOnline Fraud Scheme
(WSJ: separate paid subscription required)

One-Quarter of Americans Adding Debt While Living on Credit

Navigant Consulting Announces the Departure of the Executive Director of Its Financial Advisory Services Group
(DBN Subscription Required)

Bankrupt Tristar attracts bidders
(DBN Subscription Required)

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - Updated March 13, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Study Suggests Plenty More Bankruptcies Await
(DBN Subscription Required)

PricewaterhouseCooper's Report on 2002 Bankruptcy Expectations

Jacobson's Hires Financo, Inc., As Financial Advisor
(DBN Subscription Required)

600,000 Dead Chickens Later, Egg Wholesaler Likely to Be Liquidated
(DBN Subscription Required)

Presstek Manufacturing Partner Files For Bankruptcy
(DBN Subscription Required)

Telecoms:

Fed panel probes Global Crossing
(DBN Subscription Required)

Creditors file objections, suit claims savings laws broken
(DBN Subscription Required)

Denver fiber-optic firm WINfirst files for bankruptcy
(DBN Subscription Required)

IDT Swings Axe at Winstar
(DBN Subscription Required)

Telecom's Illness Hits Industry Leaders
(WSJ: separate paid subscription required)

Congress targets Global Crossing - Bankrupt telecom provider asked to turn over documents
(DBN Subscription Required)

Court for Global Crossing Creditors
(DBN Subscription Required)

XO Communications Board Rejects Bondholders' Restructuring Plan
(WSJ: separate paid subscription required)

______________________

Enronitis may spoil one-stop shop party for banks
(DBN Subscription Required)

XeTel sues `turnaround' firm: Electronics manufacturer claims Florida company aggravated financial troubles
(DBN Subscription Required)

Homestead exemptions offer questionable bankruptcy refuge
(DBN Subscription Required)

FleetBoston cuts in half bonuses of top officers
(DBN Subscription Required)

Profit at Credit Suisse Group Plunged 73% Last Year
(NYT: separate free registration required)

OTR Express files for Chapter 7 bankruptcy liquidation
(DBN Subscription Required)

England:

Verdict on UK banks probe due this week
(DBN Subscription Required)

___________________

Canada:

Ex-Dylex employees sue
(DBN Subscription Required)

Debt staggers Doman as wood fight takes toll
(DBN Subscription Required)

____________________

Australia:

Stars' agent goes bankrupt
(DBN Subscription Required)

____________________

Japan:

Midsize general contractor Sato Kogyo files for bankruptcy
(DBN Subscription Required)

______________________

Germany:

German Bankruptcies Rise 17% In 2001 To 49,300
(WSJ: separate paid subscription required)

Axel Springer says does not want to force Kirch into bankruptcy
(DBN Subscription Required)

Kirch gets nowhere with bank meetings: Giant media firm needs US$1B to keep creditors at bay: Talks end in three hours
(DBN Subscription Required)

__________________

Mexico:

Mexico's Desc declares petrochems unit bankrupt
(DBN Subscription Required)

___________________

Korea:

Sale of Daewoo unit in jeopardy
(DBN Subscription Required)

_____________________

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 

Copyright © 2001-2002  [BKINFORMATION.COM]. All rights reserved.