March 25, 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:

Creditors War Over Attorney-Enron Links
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Senate Eyes Enron's White House Links
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Partnerships targeted `friends' of Enron
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Enron still loose with purse strings, say creditors, former employees
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Rev. Jesse Jackson Working Both Sides of Enron Debacle
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Enron DIP Financing Now Seen $250M, Backed By Cash
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Enron's fall stirs plans of reform
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UK Enron bosses got huge bonuses
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Enron Cases Await. Let the Swaggering Begin
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Enron board: Skilling knew about controversial deals
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Panel hints at new subpoenas
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Pay Madness At Enron
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Lessons from Enron
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Enron Tapped IPO Boom to Boost Results
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The firm that built the house of Enron
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Alabama pension fund sues Enron
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Failed SPR bidder Euell Energy Resources sues Enron

Enron in Battle Over Controversial Indian Power Plant
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White Made More Calls Before Selling Enron Stock
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Enron board angered by Skilling's oversight
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Senate summons Wakeham on Enron

Judge affirms ouster of Enron's partnership chief
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Future Beef expects loan approval soon
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Factory towns still shed jobs - In Mississippi River communities, uptick in economy doesn't stop tide of layoffs.
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Natural Solutions Corp To File Bankruptcy
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Credit score sneaks into more facets of financial life
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Airlines:

Midway Slow to Offer Passenger Numbers
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Kmart:

Kmart's Restructurer Aiming to Revive It
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Suppliers still ship to Kmart, require cash
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Clock Is Ticking for Kmart & Skadden's Jack Butler
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Competitors threaten Kmart's return from the brink
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AremisSoft wins preliminary approval for settlement
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A Bankruptcy Filing Isn't Always A Death Knell for a Company
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Noteholders of bankrupt Amfac weigh options
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Columbus: Heritage Financial case clouded by personal bankruptcy
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Executive Privilege? - New Take on Stock Options: They Reward Corporate Leaders for All the Wrong Things
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Friede Goldman Submits Reorganization Plan
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As Shares Sank, Some Executives Shed Costly Toys
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Even with a slew of store closing, analysts say America is still overstocked
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Casual Male:

Clothes retailer Casual Male being sold for $137 million
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Casual Male Corp. To Sell Its Assets
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  Departure of Judge Spector marks end of an era in Bay City
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Conseco's Banks Wade in a Bit Deeper
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Some push to save Chapter 12
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Steel:

Some get special break on steel tariffs
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Broken promises: For tens of thousands of LTV retirees and their families

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Accounting:

Volcker proposal in Andersen case seen as long shot
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Up in the Air With Andersen
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Arthur Andersen Negotiations Make Little Progress
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Andersen's Partners
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Andersen partners get heat from state
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Arthur Andersen May Eliminate Non-Compete Agreements
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Negotiations Begin in Andersen Claims
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Duncan Might Aid U.S. Case
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Volcker outlines survival plan for Andersen
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Judges set Andersen talks for Sunday in Boston
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Volcker Steps Up as Clients Bolt
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Lawyers seek to have federal suits moved to East Texas
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All eyes on huge Andersen lease
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Andersen Workers Protest Publicly, Privately Against Indictment
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Volcker plan for Andersen: Dump top managers; drop charges
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Andersen's China Offices Depart
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Andersen clients continue exodus
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KPMG Ends Merger Talks With Andersen in Australia
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SEC finance chiefs remember past reforms
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Gramm sides with SEC on meetings with accounting reps
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Paying the price
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Andersen in-house attorney invokes Fifth, stays silent on e-mail
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Andersen Canada holds merger talks with KPMG
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Andersen Worldwide Starts to Crack
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Andersen's Pain Will Strengthen System
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End of a shining star?

Northwest has stake in Andersen fate
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Andersen loses more companies
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SEC Studies Andersen Role in Other Audits
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Waste Management, Apache fire Andersen
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Power Utilities:

PG&E, California officials at legal stand-off
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Year after California's power crisis, consumers likely won't see lower bills anytime soon
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Calif. energy crisis sparks financial tug-of-war
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PG&E plan to transfer land worries state, environmentalists
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Generating Pure Profits With Electricity Trading - Some companies made a killing in state's wide-open market. Consumers pay the price
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US Aggregates Has Court Nod For $7.1M Interim DIP Loan
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Suprema headed for shutdown

Keeping house
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New Bankruptcy Opinions
(1 new opinion today)

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

Tourism downturn claims 800 Travel
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Holding firm Coraza pursues Ch. 11
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Southern Governors Call For Feds To Help Ailing Textiles
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Quality Stores sells last big asset to Alamo
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Delta Apparel to buy plant from bankrupt Fayette
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Hawaii: Sia has date with federal prison
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Opticon Medical Files For Chapter 11 Bankruptcy
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Law Firm Restructuring:

Venture Law Associates Get Their Comeuppance
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Telecoms:

Greed Isn't Good, Congress Tells Global Crossing
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Marconi faces prospect of bankruptcy
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Who Killed Global Crossing?
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Telecom, Tangled in Its Own Web
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Bidders will compete. Regulators couldn't keep pace, Global Crossing CEO says
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Dumbest moments? Consult Rhythms
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Yipes telecom firm shorts out / S.F. company insisted just weeks ago it was in no danger of failure
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Marconi: Shooting the turkey
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Investors scared of Yipes Communications
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Apax set for Global Crossing

Govt still paying bankrupt Global Crossing
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Judge Transfers Ha-Lo Industries Ch 11 Case To Chicago
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A Record for Corporate Bankruptcies?
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First Alliance Corporation Reaches Proposed Settlement of Claims, Will File Amended Debtor's Joint and Consolidated Plan of Reorganization in U.S. Bankruptcy Court
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Japan:

Millions of Japanese on brink of bankruptcy
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Banks, small firms stuck in deadly cycle
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`Third-sector' firms on edge
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MPD to search pyramid-sales firm - Bankrupt company faces fraud, investment charges over 160 bil. yen scheme
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England:

Hewitt to help creditors of bankrupt firms
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Big names on the brink
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Air of doom hangs over English football
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Easy credit can lead to bankruptcy
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Negative equity victims carry on spending

Council threatens to seize debtor's wages six years after he died
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Germany:

Insolvent German construction giant needs short-term cash injection
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Holzmann Failure May Bring Relief to German Construction Firms
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Bilfinger Berger and Strabag eye Holzmann parts
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Kirch Banks Step Up Rescue Talks to Minimize Losses
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Canada:

Proposals a way to avoid bankruptcy
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Out of the deep fryer
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