March 19, 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 accelerating efforts to sell non-core assets
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Grilled Yet Skilled on Capitol Hill Former Enron GC, Lead V&E Lawyer Bear the Brunt
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Sempra unit feeds off Enron's carcass
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The 101 Dumbest Moments in Business
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Feinstein rejects changes to energy derivatives bill
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Enron demise alters corporate boards
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Proposed deal for Enron customers criticized in Ohio

House Panel to Quiz Official Who Warned Enron
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After Enron: "Nothing Can Be Off the Table"
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Astros to Dismantle Enron Sign
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I bought stock in Enron. Now it's a penny stock. Should I still own it?
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Companies and Their Co-Dependents
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California AG asks court for contempt order against Enron

Enron Congressional Hearings Schedule
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Enron and the Clinton Administration: Ties That Bind
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Industrial users urge delay of sale of Oregon's PGE

2 Insurers File Suit Vs Enron, JP Morgan
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Treasury moves to close a tax shelter as Congress eyes tougher laws
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Sempra Energy to buy another Enron metals unit
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Two More Enron Affiliates File Chapter 11 Bankruptcy
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Dictaphone Announces Confirmation of Chapter 11 Plan of Reorganization
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Polaroid:

Polaroid Presents Smaller Bonus Plan
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Polaroid Loses 15 Percent of U.S. Workers
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Compensation to Former Executive at Polaroid Demonstrates System of Rewards
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Polaroid Bankruptcy, Layoffs Hit Boston-Area Immigrant Couple Hard
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U.S. Shuts Down Second Tax Shelter,
Warns Executives on Tax Avoidance
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Telecoms:

Metromedia is sinking again
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Metromedia Fiber Warns of Possible Bankruptcy
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Money Can't Buy Metromedia Any Love
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Metromedia Fiber's Woes Only a Drop in the Telecom Ocean
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Qwest and Metromedia Fiber focus on debt issues
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Qwest gets breathing room on credit pact
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Austin: Compass Bank sues Old Alligator
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House of Lloyd Took Slow Path to Ruin
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Friede Goldman:

Gulfport, Miss., Shipbuilder Friede Goldman Halter Hopes Revamp Brings Work
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Friede Goldman to shed Houston unit
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Restructure aims to pluck FGH units from Chapter 11 protection
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Celadon Group Gets Bankruptcy Court Approval to Acquire Selected Burlington Motor Carrier Trucking Assets
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Missouri Golf-Course Operator Requests Emergency Bankruptcy Court Approval for Interim Manager
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Fourteen Tampa, Fla.-Area Burger King Franchises File Bankruptcy
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  Law Firm Restructuring:

Brobeck Cuts Paralegal Supervisors, TV Ads
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Baker Cuts Vacation, Sick Time Associates in Uproar Over Vacation, Sick Leave Policy
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How Law Firms "Spin" Layoffs
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Pay Rates Frozen At US Firms' UK Offices
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It's belt-tightening time at local law firms
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Accounting:

Andersen and KPMG in talks over non-US merger
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Regulators Are Taking a Look
At Andersen's 'Swaps' Method
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Andersen UK says shredding was office clean up
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Accounting watchdog to blast Big Five
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KPMG Nears Deal to Purchase
Andersen's Non-U.S. Operations
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Nicor reviewing Andersen contract
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Andersen Works Harder to Sell Off Its Parts
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Change Likely for Accounting Industry
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Andersen talking with government about contract ban
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Andersen Overseas Units Shouldn't Escape Liability, Lawyers Say
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Deloitte Registration Prompts Inquiry
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Andersen legal plan might hinge on 'rogue employees'
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Andersen Indictment

Andersen Loss, KPMG Gain
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European divisions of Andersen aim to quit network in wake of Enron collapse
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New Jersey Regulators Want Casinos to Drop Arthur Andersen
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Andersen to Divorce US Parent Company?
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Most Texans Suspect Other Firms Also Guilty of Accounting Abuses, Poll Shows
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More Andersen Clients Flee; Merger Talks Surface Overseas
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Andersen France says has no plans to break away
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Andersen, Deloitte miss merger deal by inches _ legal problems were sticking point in talks, despite a good start
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Andersen US to remain part of Worldwide group until Oct 1 pending KPMG talks
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Wyeth drops Andersen as auditor, names PricewaterhouseCoopers as replacement
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US Gives Andersen Chance to Protest
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Steel:

U.S. went by the rules in safeguarding steel
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LTV Retirees Worry about Their Future as Company's Health-Care Coverage Ends
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U.S. to Reject EU Steel Compensation Bid
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Great Lakes Steel is awaiting results of latest fiscal rainstorm
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Compassionate conservatism?
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United Steelworkers of America President Says Former LTV Mills Can Compete
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New Steel Company's CEO Has Plans for Former Indiana-Based LTV
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Bush's policy on steel is bad for Americans
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WGI: Raytheon Adds $88 Million in Increased Construction Costs to Fourth Quarter
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McCall Busy Suing Failed Fund Giants
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Pinnacle Holdings misses financial deadline
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Developers Diversified Realty Awarded Service Merchandise Designation Rights
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - Updated March 18, 2002
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Bankruptcy Court Web/Pacer Site Directory

Airlines:

Experts now say dlrs 5 billion airline bailout may have been wrong
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Bankrupt AremisSoft eyes plan confirmation
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Embattled Owens Corning Faces Yet Another Crisis
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When Cheese Goes Bad

Texas Court Latest to Accept Bankruptcy Filings Online
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Bankruptcy Court Confirms AMC Plan
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Reputation risk
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Conseco:

Bond Proposal a Loser for Conseco Holders
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Conseco asks creditors for more time to pay debt
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Matlack likely to file liquidation plan
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U.S. real estate slowdown likely to be mild
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Some Lessons From Scandal at Salomon
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2nd Circuit Upholds Jailing Financier for Contempt
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Nissan to Take Leasing In-House, Ending Chase, Bank One Relationships
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Financial services funds ride recovery
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MedicaLogic Announces Results of Bankruptcy Auction
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Tyco Faces Scrutiny on Payments
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Small Banks Having Success
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Judge issues court orders tied to Guilford Mills bankruptcy plan
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Guilford Reorganization Starts Smoothly
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Liquidation World Acquires Clear Thinking Group
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Japan:

State to offer banks deal on bad mortgages
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Japan Economic Woes Risk to World Role
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S&P warns on Japan's economy
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Australia:

It's 'bankruptcy for thousands'
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___________________

Canada:

Admiral Inc. Announces BIA Proposal
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Alberta-owned bank wants assets from sale of house it claims was a bribe
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______________________

Germany:

Kirch, Creditors Fail to Reach Deal
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Banks meet to decide on Kirch loans
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Catastrophic slip after brilliant ascent
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_____________________

England:

Wakeham makes break with PCC - but takes 91,000 for doing nothing

____________________

China:

Sacked Chinese murder their bosses
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Leaner Factories, Fewer Workers Bring More Labor Unrest to China
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_____________________

Argentina:

Argentina govt, PJ agree to alter bankruptcy law
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