May 14, 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

         
Accounting:

Duncan testifies he broke law in Enron case
(DBN Subscription Required)

Andersen Former Partner Duncan Says Shredding Illegal
(DBN Subscription Required)

Andersen partner admits breaking the law
(DBN Subscription Required)

Andersen partner admits he tried to block Enron probe
(DBN Subscription Required)

Enron Auditor Admits Crime
(DBN Subscription Required)

Accounting Firms Face Liability Insurance Crisis

Ripepi gives government little in Andersen case
(DBN Subscription Required)

Former Lead Partner Testifies to Close Ties between Andersen, Enron
(DBN Subscription Required)

Accounting Firms Face Penalties Under Tax-Shelter Bill

Enron Auditing Firm Feared It Could Be In SEC's Crosshairs
(DBN Subscription Required)

Deloitte Grabs Andersen Tax Practice, Other Offices Sold as Well

____________________

TPG, Goldman May Use Asset-Backed Bonds to Fund Burger King Bid
(DBN Subscription Required)

Hotels struggle to pay the mortgage
(DBN Subscription Required)

NYSE Suspends Trading in Polymer Group, Inc.
(DBN Subscription Required)

Daewoo's U.S. office to file for bankruptcy
(DBN Subscription Required)

Enron:

Firms Urge Dismissal of Enron Suits - Kirkland, Vinson fire at claims they aided company's fall
(DBN Subscription Required)

Enron Saga Continues
(DBN Subscription Required)

_______________________

ANC Rental Corporation Obtains Approval of Several Fundamental Motions
(DBN Subscription Required)

Tutor Time Plans to Restructure, Re-Emerge
(DBN Subscription Required)

Law Firms:

Report: Snow Team Set to Exit Brobeck
(DBN Subscription Required)

Summer Associates 2002: The Chosen Few
(DBN Subscription Required)

NYC: The Capital of Law
(DBN Subscription Required)

________________________

GE Capital gives Xerox another bailout
(DBN Subscription Required)

Denver: Fey files Chapter 11, citing $4.5 million in debts
(DBN Subscription Required)

Calif. Bank Strongly Denies Accusations Concerning Slatkin Scheme
(DBN Subscription Required)

Noncompete Agreements Draw Lawsuits For NationsRent
(DBN Subscription Required)    

Bankruptcy court approves Simon Trucking asset sale
(DBN Subscription Required)

Letters from lawyers spur ethical worries
(DBN Subscription Required)

Mr. Insider, SEC's Pitt, Looks Isolated
(DBN Subscription Required)

  Airlines:

US Airways Shares Fall on Possibility of Bankruptcy
(DBN Subscription Required)

S&P 500 Drops US Airways
(DBN Subscription Required)

Troubles Far from Over for United
(DBN Subscription Required)

Details Awaited on United Recovery Plan
(DBN Subscription Required)

_____________________

Bankruptcy Reform:

Meeting Set To Settle Abortion Dispute In Bankruptcy Bill
(DBN Subscription Required)

___________________

Polymer Group:

Polymer weaves complex bankruptcy
(DBN Subscription Required)

Polymer Group, Inc. Announces Termination of Exchange Offer Regarding Senior Subordinated Notes
(DBN Subscription Required)

Fabrics Maker Files for Bankruptcy Protection
(DBN Subscription Required)

_______________________

Bankruptcies are climbing
(DBN Subscription Required)

In Tough Economy, Bankers Rely More Heavily on Risk Management
(DBN Subscription Required)

Power Utilities:

`Round-Trip' Electricity Trades Spur Call for More Regulation
(DBN Subscription Required)

Washington Utility Companies May Recover Money from Enron, Other Marketers
(DBN Subscription Required)

CEO of Houston-Based Energy Company Blames Rogue Traders for Bogus Deals
(DBN Subscription Required)

Federal Government Wants Information from Utilities on California Crisis
(DBN Subscription Required)

Reliant admits Enron tactics in effort to benefit from Calif. crisis
(DBN Subscription Required)

More trading companies may fess up to phony trades
(DBN Subscription Required)

__________________

Part of PSINet's payout plan OK'd
(DBN Subscription Required)

Struggling ag cooperative's CEO retires after less than two years
(DBN Subscription Required)

Mayer Brown Facing Securities Fraud Suit in CFS
(DBN Subscription Required)

Kmart:

Kmart's loan details revealed - Two discharged retail executives file suit in bankruptcy court to restore severance pay
(DBN Subscription Required)

_____________________

Dallas: Lawsuits, bankruptcy roil Cool Partners Inc.
(DBN Subscription Required)

Mason County Fruit Packers files for bankruptcy protection
(DBN Subscription Required)

Bankruptcy filings in Utah still on rise
(DBN Subscription Required)

Planet Hollywood's creditors ask for an examination
(DBN Subscription Required)

Believing wasn't enough to keep Web site solvent
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankrptcy Jobs - 143 Jobs - Last updated May 14, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Company Financial Restatements Rise at Record Pace; Losses Grow
(DBN Subscription Required)

Metachem goes bust
(DBN Subscription Required)

APW's lenders support plan - Firm hopes to emerge from bankruptcy quickly
(DBN Subscription Required)

California AG's Suit Against Credit Lyonnais Dismissed
(DBN Subscription Required)

Telecoms:

NextWave Asset Value Drops As High Court Ruling Looms
(DBN Subscription Required)

WorldCom Booted From S&P 500
(DBN Subscription Required)

WINfirst needs buyer to satisfy its creditors
(DBN Subscription Required)

Judge OKs payments to Global Crossing execs
(DBN Subscription Required)

Telecom Company Allowed Reprieve from Creditors by Denver Judge
(DBN Subscription Required)

Williams Communications Bankruptcy Plan Likely to Ignore Shareholders
(DBN Subscription Required)

_______________________

St. Louis City: going bankrupt?
(DBN Subscription Required)

Germany:

BSkyB asks Kirch for E1.7 billion
(DBN Subscription Required)

KirchPayTV Files For Bankruptcy
(DBN Subscription Required)

BSkyB move may be last straw for Kirch
(DBN Subscription Required)

Kirch hits back at Deutsche Bank
(DBN Subscription Required)

______________________

England:

Former Equitable chief's fight to the end
(DBN Subscription Required)

___________________

Japan:

Japan banks hunt higher loan rates to boost profit
(DBN Subscription Required)

Putting Japan on the right track
(DBN Subscription Required)

_____________________

Poland:

Elektrim avoids bankruptcy
(DBN Subscription Required)

_______________________

Canada:

Ottawa's role in the collapse of Stoddart
(DBN Subscription Required)

____________________

Finland:

Lawyers find it easy to embezzle bankrupt estates
(DBN Subscription Required)

_________________



Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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