March 26, 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:

Playboy soliciting `Women of Enron' for upcoming pictorial
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Enron sells UK water firm
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New Power Saga Shows How Enron Tapped IPO Boom to Boost Results
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Judges order mediation in Andersen/Enron dispute

Corporate disclosure: Enron reforms begin to take hold
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Management policy premiums soar after Enron affair

Developments Related to Enron Collapse
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Power Failure
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Short Circuit: How Enron's plan to market electricity nationwide fizzled
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Bush Administration Produces Thousands of Redacted Energy Documents
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Enron-related problems sting EEX shares
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PAY UP! - Judge Orders Former Partners to Pay Creditors of Bankrupt Chicago Firm
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The Importance of Credit
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Polymer creditors file involuntary bankruptcy petition
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Giving up on dot-coms
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Accounting:

Investors support Andersen
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Observers Say Accounting Firm Will Feel Pressure to Plead Out
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Andersen seeks to block probe
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Andersen Asks Judge to Overrule
Subpoenas of Employees by U.S.
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Former Andersen partner seeking legal deal
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Andersen easing up on Duncan
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H-E-B cuts Andersen loose
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Fired Duncan May Fire Back
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2nd Suitor Close to Deal With Andersen
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CFOs under microscope in wake of Enron's fall
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FASB convenes, market talks
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Accountants Become the Life of the Party
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Volcker says Andersen running out of time
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Centex fires Andersen, hires Ernst & Young
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Andersen dropped by UK's Amvescap
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Pennzoil Drops Andersen As Auditor
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Andersen thwarted in Australia
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Calpine Severs Ties With Andersen
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Andersen in New Zealand takeover talks with Deloitte
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Unions Push Audit Reforms at More Companies

Disney, Others Limit Auditors' Consulting Work as Unions Prod
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Place your bets: handicapping the accountants
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EOTT Energy replaces Arthur Anderson with PWC
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Client Defection Scorecard

Who should be minding the store?
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Conflicts of interest end Andersen Australia-KPMG talks
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Cadence Design Systems drops Andersen as auditor
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Bankruptcy numbers mushroom in Iowa
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  The Liquidators - For trustees who squeeze every dollar out of bankrupt companies, the high rate of business failures can mean big money
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Debt collection poised to boom as M&A suffers
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Offshore Accounts:

IRS Seeks Cardholder Information - Visa Asked for Records On Offshore Accounts
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Scope of Offshore Credit-Card Use
For Tax Evasion Is Huge, IRS Says
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Justice, IRS seeking Visa records in probe of offshore bank accounts
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Carter's Millions Didn't Stop Bankruptcy
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Bankruptcy Reform:

ABA Warns Federal Bill Would Force Lawyers From the Field
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Telecoms:

Telecom bubble: 'bold and wrong'
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Qwest Bankers Satisfied; Hlders Left Wanting
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2 Asian Companies Reach Deal to Acquire Global Crossing
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Bidders Vying for NextWave Are Getting Antsy
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Judge nixes challenge to Global Crossing reorganization
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Court sets scene for Global Crossing tussle
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Judge OKs Altered Global Deal
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Global Crossing Breakup Fee Cut, Deadline Extended
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Steel:

EU to Impose Steel Tariffs to Avert Glut
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LTV Mills' Buyer Names New Business
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Laclede assets going cheaply
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Deutsche Bank Sees Rough '02
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Stations Holding files for chapter 11 bankruptcy
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Puget Sound: Weeding out debt - Molbak's prunes costs to save its roots
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MBNA Sees Higher Net Credit Losses; Cites Bankruptcies
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Casual Male sells another unit
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Before Enron, There Was Rosemont, Ill., Company's Flameout
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Power Utilities:

Pacific Gas And Electric Company Receives Court Approval To Pay Certain Pre-Petition Claims
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Nevada Power Works on Compromise Rate-Increase Deal to Stave Off Bankruptcy
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Kellstrom creditor objects to bidding rules
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Denver Mining Firm Outlines Its Reorganization Plan
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SATX, Inc. Files For Bankruptcy
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State lawyers watch American Tissue bankruptcy
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Court won't cancel John Connors' debt
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Bankrupt riverboats rescued to sail again
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Debt easy to amass, hard to cut

NHEMA Members Add $36,000 to Fed Lobby Effort for Predatory-Lending-Law Exemption
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Bonus, options push earnings for BofA CEO to $17.5 million
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Workers say Yikes! as Yipes files Chapter 11

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - Updated March 26, 2002
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Bankruptcy Court Web/Pacer Site Directory

O'Neill: CEOs accountable
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Effect of Bankruptcy on Commercial Litigation
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Bankruptcy rise may be far from over
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IT Bondholders Balk at Shaw Proposal
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Standardizing receivers
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Mariner Post-Acute gets reorg plan approved
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Economy:

Poll Finds Economic Outlook Bright
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Forecasters: Economic Outlook Good
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Existing home sales fall 2.8 percent
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Aladdin:

GE Capital objects to Aladdin plan
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GE Capital critical of Aladdin plan
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Kmart:

Martha's Newly Fashionable Stock
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Kmart's problems ripple to local firm
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Kmart ads 'aimless,' critics say
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Kmart Launches Multicultural Ads
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Questions surround Morgan Stanley's role in an Invensys sale
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Mercantile borrower files for bankruptcy; lawyer says liquidation likely
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Bankruptcy Remote Structures in Mortgage Loans
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Law Firm Restructuring:

Pepper & Arent Merger Talks Fail -- Again
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Sidley's NY Office Gains Power in Firm Governance
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How to Know When Branch Offices Make Sense
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Germany:

Holzmann's Demise Not Enough to Solve German Construction Industry's Woes
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Kirch investors, banks hone in on rescue
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Getting a Feel for Failure
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No Major Hurdles Seen for Fresh Loans to Holzmann
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England:

Reform of insolvency laws set to save Pounds 110m
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West LB covets Railtrack
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Taxpayers to cover rail body's pounds 9bn debt
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Argentina:

Argentine Crisis Deepens As Peso Falls to New Lows
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Argentina Fails to Make Payment on 61.5 Bln Yen Samurai Bond
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Argentina Metrogas suspends payment on $420 mln debt
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Japan:

Nagasakiya wants 16 years to pay back 17.5% of debt
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