March 28, 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:

Hundreds From Enron Contact Playboy
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Firm sits alone in battle over Enron
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Trustee Appoints Employee Committee

Enron In-House Aftershocks - Anxiety Ripples Through In-House Departments
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US Trustee appoints five-member Enron employees panel
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Judge denies Enron's NewPower plea
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Famed examiner a key player in Enron bankruptcy
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Enron briefs
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Clients Sue Brokerage Over Enron
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Five named to Enron former employee committee
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Spotlight Takes Enron Troubleshooter Powers by Surprise
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The Army Secretary's Business
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Army Secretary Juggles Enron, Troops
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Artisan gets rights to Enron story
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Centrica's purchase of NewPower put in jeopardy
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The Sherron show
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Character is the key after Enron, says Greenspan

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STA wins bankrupt Council Travel
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Polymer files to dismiss Ch. 11
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Newly emerged Rotech gets $575M
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IPO suits worry underwriters
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Special Metals and U.S. Subsidiaries File for Chapter 11 Reorganization
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Rouge Industries may seek protection
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Kmart:

Five More Executives Leave Kmart
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Bankruptcy blue light special
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Kmart changing its colors on BlueLight?
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Kmart Bankruptcy Forces Florida Families to Wait for Child Support Checks
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Carter:

Saints millionaire broke
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Saints Cornerback Files Chapter 7
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GL&PS Recovers $120,000 From Bankrupt Manufacturer
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Nearly $19B in ABS prices: biggest deal, biggest week, biggest month ever
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Ex-Associate Sues Greenberg Traurig
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Corporate groups fight reform plans
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Judge OKs PocketScript plan
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Power Utilities:

PG&E Clears Way to Energy Bond Sale
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  Letter from Delaware: Trade issues tear into textiles
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Failing Mortgages Soar in New York
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NationsRent creditors furious
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Adelphia:

Debt load crushes Adelphia Business
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Debt Guarantee Rattles Adelphia Shareholders
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Adelphia Communications Shares Fall on Off-Balance Sheet Debt
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Adelphia says filing won't impact holdings
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AmeriServe bondholders' case against DLJ looms
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Law Firm Restructuring:

The Case for Litigation
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Latham Outgrows Image as L.A. Firm
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Katten Muchin grabs Rosenman & Colin
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Katten Muchin Joins Forces With Rosenman & Colin
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New Space: Atlanta With a Texas Accent
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Firms Retreat From Northern Virginia
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Financial aid scams plentiful
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Lenders Plan to Review Customers' Financial Statements More Carefully, In Wake of Enron Failure, According to Phoenix Lending Survey
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Steel:

U.S. Reacts to EU Steel Tariffs
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Canadian Exporters Fear Trade War
In Reaction to New U.S. Steel Tariffs
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Telecoms:

FCC to Refund NextWave Spectrum Payments
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Williams continues to negotiate with banks
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No recovery on horizon for telecoms
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Ex-Global Crossing Worker Arrested by F.B.I.
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Erasing Debt Reveals Earnings For Covad
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ORIX Statement on the Use of Special Purpose Entities
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Zemex Corporation Acquires the Assets of Resource Recovery Industries, Inc. In Bankruptcy Sale
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Economy:

U.S. recovery to be slower than expected
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Pact may clear way for sale of bankrupt baseball team
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Smaller bonus for CEO at bankrupt ACT

Tech band members hope for refunds after bankruptcy
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Drought Hits Short-Term Debt Market
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N.C. reinsurer to face lengthy legal fight
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Hilco Currently Conducting Store Closing Sales At 131 Florsheim Shoe Stores
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Newport CA firm will handle Tecstar bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

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

DIP Dimensions: Safety-Kleen Corp.
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Pay package compromise for ANC chief
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Accounting:

Accounting Rivals Scramble for Andersen's U.S. Businesses
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Andersen's Global Network Merger Plans Unravel

Andersen Chief Says He Resigned to Aid Workers
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Andersen could offload U.S. assets
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UK Accounting Begs The Question: When Is A 'Sale' A Sale?
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Assessing Enron's Impact on Accounting Rules and GCs
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Andersen's Top Executives Scramble
To Unite Fractious Group of Partners
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Andersen may name CEO on Thursday in London
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Indictment Dashed Berardino's Hopes
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Capital Markets Chief Leaves Andersen Legal
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SEC Cites Kimberly-Clark for Charge
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N.J. Casinos Can't Use Andersen
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SEC To Hold Roundtable on Audit Reforms in Chicago

Waste Management Muddies The Story Line
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Job reductions are inevitable, Arthur Andersen officials say
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Texas to Host Town Hall Meeting For Media on Audit Issues

Andersen Australia torn between two saviors
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Arthur Andersen Looking for New CEO
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Too little, too late? 

Andersen Auditors Support Volcker Plan
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Andersen May Announce Up to 6,000 Job Cuts in the US

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Germany:

The politics of German bankruptcies
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Kirch could file for bankruptcy today
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England:

A fairer deal for insolvency: The new bill aims to encourage responsible risk-taking
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UK digital broadcaster to go into administration
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High stakes in ITV Digital's drama
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Boom, then bust: up to 30 league clubs face possible bankruptcy: Football Chairmen vow to fight Carlton and Granada
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NTL facing bankruptcy
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NTL: Equity for Debt?
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EWS issues writ against Railtrack administrator
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Canada:

Small-town mortician charged as pre-paid funeral funds vanish
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