March 29, 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:

Centrica's Windsor cancels $130M NewPower purchase
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Hand-to-Hand Combat - Enron's creditors, shareholders spar over millions in partnerships
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First Enron-related trial planned for March 2003
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Bankruptcy Judge allows expedited sales of Enron office equipment
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Ga. gas marketer seeks new buyer
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Questions Abound As NewPower, Centrica Pull Plug On Deal
(WSJ: separate paid subscription required)

Judge Orders Enron to Turn Over Documents in Power Crisis Probe
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Enron's Swap With Qwest Is Questioned
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Centrica drops bid for US power company
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Enron Moving To Auction Large Power-Supply Contracts
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Modest changes seen from post-Enron reforms
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Iberdrola Beats Out 5 Bidders For Enron's Foreign Assets
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Hawaii: Aquasearch files reorganization plan
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Friede Goldman Newfoundland Under New Ownership
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Dictaphone exits bankruptcy
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Kmart:

Kmart sales won't hurt rivals-UBS Warburg
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Attention Kmart subsidizers
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Steel:

Government takes over pension plans of bankrupt CSC
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Ex-Beth Steel CEO got severance of $2.5 million
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More creditors join protest of Aladdin resort sale proposal
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Largest creditor sues Wilkinson
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More Inns in Portland, Ore.-Based Hotel Chain File for Bankruptcy Protection
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  Court OKs USinternetworking Ch. 11 plan disclosure statement
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International FiberCom panel seeks to convert Ch. 11 case To Ch. 7
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Accounting:

Andersen Oks Long-shot Plan
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Andersen is accused of 'witness coaching'
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Andersen to keep only auditing unit
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U.S. Judge Urged on Andersen Probe
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Andersen-E&Y merger Down Under
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Andersen steps up search for new boss
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Andersen Received Bank Loan
On the Eve of Probe Disclosure
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Andersen employees say entire firm unfairly targeted
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Andersen grand jury should go forward-Justice Dept.
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BW Rankings Drop Companies with Accounting Issues

Tech firms hard hit by accounting rule changes
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Marriott to Keep Arthur Andersen
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Retailers Face Accounting Scrutiny
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Telecoms:

Debtholders OK McLeodUSA reorg plan
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Bail denied for Global Crossing employee charged with threats
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McLeodUSA Announces Overwhelming Acceptance of Reorganization Plan
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Jazzland Gets Reprieve
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Construction Equipment Maker Terex Awaits Bankruptcy Court Ruling on Bid for Indiana Firm
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Interleukin Genetics Expresses Doubt About Viability
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Discount retailer bankrupt

Morgan Cut Chief's Pay to $21.9 Million in '01
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New Bankruptcy Opinions
(3 new opinions today)

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

Adelphia:

Adelphia tumbles further on loan concerns
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Adelphia Scandal
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Those hot prospects for college students are history
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Lenders Bracing for Weaker Home Prices in Certain Regions
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Bankruptcy blues drone on for Djangos.com
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Law Firm Restructuring:

Is Business Casual Dying?
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Dorsey & Whitney Pays Bonuses in NY
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Safety-Kleen loss narrows; sees Ch 11 end this year
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Power Utilities:

As Plan Vote Nears, PG&E OK'd to Repay Some Creditors
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Special Metals goes under
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Court Approves Bid by Formosa Plastics to Acquire Illiopolis, Ill., Facility From BCP; Court Also Grants Final Approval of Additional Postpetition Financing for BCP
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Airlines:

Midway doesn't have to pay vacation to laid-off workers
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Ford Credit uses special purpose trusts to securitize sales contracts
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England:

Doomsday may not be here for clubs just yet
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Faint signs of digital life
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ITV bankruptcy creates media policy turmoil
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Britain Blames Soccer Teams for Woes
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Clubs break rank in TV drama: Chairmen in crisis meeting to consider 'some money is better than none at all
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