March 21, 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 creditor says lawyers have conflict
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Cornyn seeks examiner for Enron's legal fees
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Enron India units file for bankruptcy protection
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Panel Eyes Wall Street Institutions
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Some Houstonians Whom Enron Called Friends
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Enron had worries of another partnership
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In response to subpoena, Enron sends California garbage - pizza boxes and Kleenex
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Congress attacks agencies over Enron's demise
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Wakeham queried speedy Enron audit
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Watkins says gender no factor in how warnings were taken
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Officials of Credit-Rating Agencies Say Enron Misled Them; Senators Criticize Agencies
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New setback for Enron India plant
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Indian lenders go to court over DPC
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Former minister 'raised Enron concern'
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French banks barely affected by Enron collapse
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FEI Reissues Code of Ethics for Financial Professionals
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Colo. Investors Seek Enron Suit Move
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India court to hear Enron Dabhol receivership case
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Court Dismisses All Claims Regarding Babcock & Wilcox Asset Transfers
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Senior citizens not shying away from debt
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Fore River Shipyard:

Judge sinks plan for Quincy shipyard: Bankruptcy case ends, freeing city to rethink

Judge Dismisses Quincy, Mass., Shipyard's Reorganization Plan
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Kmart:

Kmart gets OK for key supplier agreements
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Kmart shows bankruptcy court its new executives
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Kmart Looks for Go-Ahead to Begin Store Closings
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Bankruptcy court approves Kmart deal with Stewart

Kmart Given Approval to Close Stores, Start Sales
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Kmart To Keep Martha Stewart, Other Lines
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Perry Ellis' Income Dips due to Kmart Bankruptcy
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Kmart gets OK to continue licensing agreements with major brands
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Creditors to Vote on Plan to Sell Lexington, Ky., Bookseller's Assets
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Greate Bay:

Hollywood to collect from Greate Bay
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Hollywood Casino Corporation Announces Closing of Greate Bay Casino Corporation's Sale of ACSC
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Friede Goldman Halter Files Plan To Reorganize Halter Marine
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Phoenix: 2 lenders want hotel to change managers
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Bankrupt cable firm to sell assets
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Presstek Receives Waivers from Banks on Adast Bankruptcy
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  McCrory:

McCrory Corp. Goes Out of Business
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Power Utilities:

Calif. officials blast PG&E plan
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Calif. to file new FERC complaint for power refunds
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Fees Paid by Pacific Gas & Electric Much Worse than Critics Thought
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Bankrupt PG&E could spend $150 million in attorney fees
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Brand conscious
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Accounting:

Andersen pleads not guilty
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Partners Feel Andersen's Pain
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Andersen to get early trial
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Andersen could fold before May trial
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Thibaut Offers Glimpse of Shredding Procedures
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Employees support firm through rally
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SEC Interviews Two South Florida Firms in Probe of WorldCom's Accounting
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Mayer Brown Takes Lead in Andersen Defense
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Andersen guns for the sympathy vote
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Andersen Employees Break Silence, Rally in Cities Nationwide
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Andersen, Employees Fighting Back
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Andersen 'cuts Enron settlement cash fund'
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Board sees fox in henhouse - Independent body needed, chief says
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More Andersen Legal Firms Search for Mergers
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SEC considers requiring firms to rotate auditors, other accounting safeguards
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Enron case not a concern, Andersen assures KPMG
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In U.K., Andersen may be splintering
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First Tennessee National Corp. Drops Andersen as Auditor
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CompuCredit shares drop; Ernst & Young resigns as auditor
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SEC's Pitt backs most of corporate audit bill
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Banking Firm BB&T Ends Auditing Relationship with Arthur Andersen
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Andersen's Remaining Lifelines
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Steel:

Tough as steel
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Bethlehem Steel calls meeting with local taxing units
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Dems want insurance bailout for LTV retirees

U.S. Bankruptcy Court Approves LTV's Sale of VP Buildings to Grupo IMSA
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Investors Want to Buy Laclede Steel's Plant in Alton, Ill.
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Asian steelmakers ready for battle over US tariffs
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Propriety of Bethlehem Steel land transaction questioned
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Beijing talks tough in US steel war
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Erie, Pa.-Area Steel Firm Should Emerge from Bankruptcy Soon, Company Says
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New Bankruptcy Opinions
(No new opinions today)

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

DIP Dimensions: HQ Global Holdings
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Florida Occupies Center of Bankruptcy Explosion
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Factory Card could end three-year Chapter 11 stay
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Law Firm Restructuring:

To Merge or Not to Merge
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Clients Pressuring Firms on Bills
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Letter from Delaware — ANC Rental comes to terms
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Nanticoke seeks to repay its creditors

Standard Automotive finds DIP in familiar place
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Bankruptcy Reform:

Key provision in bankruptcy reform getting 'Enroned'
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Lason Announces Approval of Disclosure Statement
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Dexter gets settlement Loss to bankrupt builder smaller than feared
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Checkers to Acquire 7 Rally's in Detroit, Great Lakes' Receiver to Close Other Units
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Proposed Settlement of Providian Suit to Cost $38 Million
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Bankrupt ServerVault Being Sold
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Telecoms:

Court OKs PSINet bidding rules
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Verizon faces Metromedia write-off
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Foreseeing A New Wave Of Telecoms
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Lawmakers grill Global Crossing
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Global Crossing to Take Soft Line
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Bankruptcy Court Approves Broadview Networks' Winning Bid for Network Plus Corp.
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Wisconsin Color Press Files for Chapter 11
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Galey & Lord granted access to $100M DIP
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SEC Weighs Curbs on Credit Agencies
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Stone & Webster to pay: Workers getting long-owed OT

Household Chief at A Difficult Juncture
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Germany:

Rescue Talks Fail for German Company
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Philipp Holzmann May Seek Bankruptcy Protection
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Schmidt Bank Losses Greater Than Feared
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Australia:

Govt targets bankruptcy
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Supreme Court rejects bankrupt barrister's bid to keep working 

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China:

Labor Unrest Over Layoffs Persists in China
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Canada:

Captain John's creditors approve rescue
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