March 6, 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:

J.P. Morgan Chase Loses Bid for Enron Insurance
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Judge Vetoes Enron Request to Draw $30 Million from Insurance for Legal Costs
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Sacked Enron workers to get $1,100 hardship payments
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DA awaits records from Enron about high-tech property
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Skilling, former Enron VP married in small ceremony
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A Wedding -- If Not Bliss -- for Skilling - Enron's former CEO has married Rebecca Carter, another former Enron senior exec who's likely to play a role in the many probes
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Enron Still Seeking Auditor
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Enron's Collapse Creates Vacancies on Portland
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Nikko Asset to seek damages from Enron, Andersen
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Birmingham law firm joins the fight against Enron
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Former Enron CEO Kenneth Lay makes rare public appearance at Houston benefit
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Shareholders Should Not Expect Much Money from Enron
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Congress urged to beef up SEC in Enron's wake
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Beefed-Up SEC: Solution for Enron Types?
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Indian court says local body can rule on Enron power dispute
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FERC expands Enron energy market manipulation probe
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Indian MERC to decide MSEB, Enron's Dabhol Power dispute

Enron request to hire more lawyers opposed
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CFTC official backs energy trade oversight
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Bush-Enron deal in 1986 revealed
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Dynegy seeks to bring merger suit to Houston
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Judge Vetoes Enron Request to Draw $30 Million from Insurance for Legal Costs
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Guilford to weave new future
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Waste Management plans to cut 2,000 jobs
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Creditor Objects to Reorganization Plan for Minneapolis-Based Stockwalk Group
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Racking up bills before bankruptcy is wrong
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Audio Visual emerges from bankruptcy
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N.J. Health Trust's Demise Sparks Scrutiny of Regulation
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Credit crunch putting the squeeze on small manufacturers
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Business fraud opens window for accountants
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Chapter 11 Liquidation Plan Confirmed For Novo Networks` Operating Subsidiaries
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Bankruptcy judge gives Planet Hollywood more time
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  Law Firm Restructuring:

Holland & Knight Freezes Associate Pay
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Law Firm Hiring Trends
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Chiquita:

Interest in Chiquita may spur rivals to bid
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Chiquita's exit plan jumps big hurdle
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Circuit Court Ruling May Benefit Lenders
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Florsheim files for Chapter 11 protection Founder's family seeks assets, 23 retail stores
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Steel:

Bush supports steel tariffs
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Bush Imposes Hefty Steel Tariffs
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World unites against U.S. steel tariffs
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Steel tariffs to give industry breathing room; U.S. trading partners, industries critical
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Wolf Block Partner Indicted in Tax Case
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Accounting:

Deloitte CEO says audit reforms could be crippling
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Baptist Foundation: Awesome recovery
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Accounting Scandals Could Pose Threat to Budding Economic Recovery
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Accountants Fight Post-Enron Reform
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Andersen involved in another major bankruptcy case
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Pointing the finger: More firms, investors placing blame on accountants when business fails
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SEC Could Issue Disclosure Proposals In Weeks
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Airlines:

Ansett Airlines lands for last time
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Judge's OK starts new chapter in airline's book
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Fruit of the Loom has to April 30 to get plan votes
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L.A. Court Binds Excess Insurers to Asbestos Liability Coverage For Bankrupt Companies
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Court sets dates in Digital Teleport case
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Business struggles can create duty from directors to creditors, too
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Globix to Emerge from Bankruptcy in April
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Moe Ginsburg: Seeking New Leases On Life
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Judge dismisses bankruptcy case against failed grain elevator
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Hill hospital files Chapter 11
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Dillard's Makes $11 Million Bid for Jacobson's Store in Toledo, Ohio
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Last updated March 4, 2002
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Bankruptcy Court Web/Pacer Site Directory

Don't Leave College Without It
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Power Utilities:

Pacific Gas & Electric Earned Near-Record $1.1 Billion in 2001
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PG&E Corp. CEO Touts Reorganization Plan Advantages
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Kmart:

Martha Stewart visits topic of new home
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Kmart delays release of fourth-quarter earnings
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Formica to get $77.8 million DIP funding
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Dow Corning to split operations to cut costs
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Metals USA sells plates, shapes assets
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McCook Metals:

McCook bid rejected
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Pechiney, MIC buy McCook Metal's assets
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Telecoms:

Williams to pay interest on unit's $1.4 bln note
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AT&T says not interested in buying Global Crossing
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Fresh Interest in a Global Crossing Bid
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Williams gets pact on telecom affiliate's debt
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Global Crossing files suit against XO
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Sister of Global Crossing Chairman, A Merrill Broker, Hawked Its Shares
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Qwest a notch above junk
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Global Crossing's Creditors Quarrel Over Best Way to Recoup Their Losses
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Profits Down, Executive Pay Falls as Well
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Bankruptcies set new record, while reform legislation stalls
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State Title: Creditors come for answers but find few
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Tech bust's victims bury dot-com corpse in a park
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Sunshine Theater in Chapter 11
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Thailand:

Eased Rules to Bankruptcy Code Will Speed Up Restructuring Process in Thailand
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Japan:

Imminent Deposit-Insurance Cap Spurs a Mini Gold Rush in Japan
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