March 29, 2002 Daily Bankruptcy News

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 (DBN Subscription Required) Hand-to-Hand Combat - Enron's creditors, shareholders spar over millions in partnerships (DBN Subscription Required) First Enron-related trial planned for March 2003 (DBN Subscription Required) Bankruptcy Judge allows expedited sales of Enron office equipment (DBN Subscription Required) Ga. gas marketer seeks new buyer (DBN Subscription Required) 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 (DBN Subscription Required) Enron's Swap With Qwest Is Questioned (NYT: separate free registration required) Centrica drops bid for US power company (DBN Subscription Required) Enron Moving To Auction Large Power-Supply Contracts (WSJ: separate paid subscription required) Modest changes seen from post-Enron reforms (DBN Subscription Required) Iberdrola Beats Out 5 Bidders For Enron's Foreign Assets (WSJ: separate paid subscription required) _________________ Hawaii: Aquasearch files reorganization plan (DBN Subscription Required) Friede Goldman Newfoundland Under New Ownership (DBN Subscription Required) Dictaphone exits bankruptcy (DBN Subscription Required) Kmart: Kmart sales won't hurt rivals-UBS Warburg (DBN Subscription Required) Attention Kmart subsidizers (DBN Subscription Required) ___________________ Steel: Government takes over pension plans of bankrupt CSC (DBN Subscription Required) Ex-Beth Steel CEO got severance of $2.5 million (DBN Subscription Required) ___________________ More creditors join protest of Aladdin resort sale proposal (DBN Subscription Required) Largest creditor sues Wilkinson (DBN Subscription Required) More Inns in Portland, Ore.-Based Hotel Chain File for Bankruptcy Protection (DBN Subscription Required)	Court OKs USinternetworking Ch. 11 plan disclosure statement (DBN Subscription Required) International FiberCom panel seeks to convert Ch. 11 case To Ch. 7 (DBN Subscription Required) Accounting: Andersen Oks Long-shot Plan (DBN Subscription Required) Andersen is accused of 'witness coaching' (DBN Subscription Required) Andersen to keep only auditing unit (DBN Subscription Required) U.S. Judge Urged on Andersen Probe (DBN Subscription Required) Andersen-E&Y merger Down Under (DBN Subscription Required) Andersen steps up search for new boss (DBN Subscription Required) Andersen Received Bank Loan On the Eve of Probe Disclosure (WSJ: separate paid subscription required) Andersen employees say entire firm unfairly targeted (DBN Subscription Required) Andersen grand jury should go forward-Justice Dept. (DBN Subscription Required) BW Rankings Drop Companies with Accounting Issues Tech firms hard hit by accounting rule changes (DBN Subscription Required) Marriott to Keep Arthur Andersen (DBN Subscription Required) Retailers Face Accounting Scrutiny (WSJ: separate paid subscription required) __________________ Telecoms: Debtholders OK McLeodUSA reorg plan (DBN Subscription Required) Bail denied for Global Crossing employee charged with threats (DBN Subscription Required) McLeodUSA Announces Overwhelming Acceptance of Reorganization Plan (DBN Subscription Required) ________________ Jazzland Gets Reprieve (DBN Subscription Required) Construction Equipment Maker Terex Awaits Bankruptcy Court Ruling on Bid for Indiana Firm (DBN Subscription Required) Interleukin Genetics Expresses Doubt About Viability (WSJ: separate paid subscription required) Discount retailer bankrupt Morgan Cut Chief's Pay to $21.9 Million in '01 (NYT: separate free registration required)	New Bankruptcy Opinions (3 new opinions today) Bankruptcy Jobs - Updated March 26, 2002 (DBN Subscription Required) Bankruptcy Court Web/Pacer Site Directory Adelphia: Adelphia tumbles further on loan concerns (DBN Subscription Required) Adelphia Scandal (DBN Subscription Required) ___________________ Those hot prospects for college students are history (DBN Subscription Required) Lenders Bracing for Weaker Home Prices in Certain Regions (DBN Subscription Required) Bankruptcy blues drone on for Djangos.com (DBN Subscription Required) Law Firm Restructuring: Is Business Casual Dying? (DBN Subscription Required) Dorsey & Whitney Pays Bonuses in NY (DBN Subscription Required) ____________________ Safety-Kleen loss narrows; sees Ch 11 end this year (DBN Subscription Required) Power Utilities: As Plan Vote Nears, PG&E OK'd to Repay Some Creditors (DBN Subscription Required) ___________________ Special Metals goes under (DBN Subscription Required) Court Approves Bid by Formosa Plastics to Acquire Illiopolis, Ill., Facility From BCP; Court Also Grants Final Approval of Additional Postpetition Financing for BCP (DBN Subscription Required) Airlines: Midway doesn't have to pay vacation to laid-off workers (DBN Subscription Required) ___________________ Ford Credit uses special purpose trusts to securitize sales contracts (DBN Subscription Required) England: Doomsday may not be here for clubs just yet (DBN Subscription Required) Faint signs of digital life (DBN Subscription Required) ITV bankruptcy creates media policy turmoil (DBN Subscription Required) Britain Blames Soccer Teams for Woes (DBN Subscription Required) Clubs break rank in TV drama: Chairmen in crisis meeting to consider 'some money is better than none at all (DBN Subscription Required) _____________________