May 1, 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

         
Polaroid:

Losses may imperil sale of Polaroid
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Reilly moves to aid Polaroid retirees
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Accounting:

Andersen Assailed Over Audits - Coverup Alleged as Ariz. Trial Begins
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Andersen Trial in Phoenix Opens With Views on Fraud
(NYT: separate free registration required)

Andersen Ignored Ariz. Warnings
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After WW II, Founder's Death Shook Arthur Andersen Firm
(WSJ: separate paid subscription required)

KPMG's Andersen Deal Faces Hurdles
(WSJ: separate paid subscription required)    

Attorney for bankruptcy trust accuses Andersen of 'auditing malpractice'
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Congressional Panel Snubs Andersen Record Subpoena
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Clients continue leaving: Acuity Brands, Choice Hotels, Kaiser Aluminum, Merrimac, Cinergy
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Charity Lends a Hand to Prisons With Murky Off-the-Books Deals
(WSJ: separate paid subscription required)

SEC Proposes New Disclosure Rules
(WSJ: separate paid subscription required)

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Proposal floated to buy PG&E, set up non-profit
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Sheldahl Seeks Protection Under Chapter 11 Bankruptcy Code; Company Plans to Reorganize as a New Entity
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North Tahoe casino seeks bankruptcy protection
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Aladdin gets more time for sales plan
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Warnaco Asks Court To OK Asset Sale
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Pentacon, Inc. Announces Signing of Agreement on Debt Restructuring; Will Not Make Scheduled Interest Payment on Senior Subordinated Notes; Continued Forbearance From Bank Group
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Aquarium bankruptcy bars police pay
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  Bankruptcy and the Insured versus Insured Exclusion
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Bankruptcy Reform:

Lawmakers Stall in Bankruptcy Bill Talks
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Court OKs $170 million debt cut for Lason
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EBay Suspect's Store Goes Bankrupt
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Pitt: Analystsí behavior merits fraud probe
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United Airlines' Parent Announces Start of Search for New CEO - Analysts Concerned About Potential Bankruptcy
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Andersen Near Deal on Consulting Unit
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Telecoms:

Last round-up for homespun Ebbers
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WorldCom's debt outlook has bondholders quaking
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WorldCom brass scoffs at pessimism
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The man who fell to earth
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How Bernie's American dream became a nightmare
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An Abrupt Departure Is Seen as a Harbinger
(NYT: separate free registration required)

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Slatkin: From Start-Up Hero To Admitted Swindler
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Armstrong World: Claims To Exceed Amount On Its Books
(WSJ: separate paid subscription required)

Bankrupt couple wins Big Game
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In-the-red couple now in the pink - Big Game winners had prior bankruptcy case was dismissed - "They're probably knocking down his door pretty good right now."
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Berkshire Closes Fruit of Loom Buyout
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Duster and Rovit Join Leary Masson
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 143 Jobs - Last Updated May 1, 2002
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Bankruptcy Court Web/Pacer Site Directory

Sarbanes Reviving Effort to Crack Down on Predatory Lending
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Kmart:

Kmart misses reporting deadline
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Closed Kmarts Get New Occupants
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Law Firms:

Antitrust Team Joining Clifford Chance
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_____________________________

Enron:

Judge OKs Sale of Enron Wind Assets
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Management Group Sees Executive Compensation Change After Enron
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______________________

Gliatech to Seek Bank Protection
(DBN Subscription Required)

West Virginian Behavioral Health Center Is Poised to Go Bankrupt
(DBN Subscription Required)

Korea:

Hynix Creditors May Try to Revive Micron Deal
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Chip Co. Goes Solo
(DBN Subscription Required)

_________________________

Australia:

Australian health system cracks under loss of insurer
(DBN Subscription Required)

________________________

Canada:

Consumers Packaging files for Bankruptcy
(DBN Subscription Required)

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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com