May 15, 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:

Enron's bankruptcy proposal sparks legal outcry
(DBN Subscription Required)

Lots of down and dirty stuff yet to come in Enron probes
(DBN Subscription Required)

Enron negotiates right to stay put
(DBN Subscription Required)

Enron's folly is one for the books
(DBN Subscription Required)

White House asks officials about Enron contacts
(DBN Subscription Required)

Japan LPG traders fear Dynegy may mirror Enron collapse

____________________

Roanoke's 3-year-old af2 team files for bankruptcy
(DBN Subscription Required)

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

Power Utilities:

'Death Star' memos -- more fizzle than sizzle? - Energy experts doubt they point to guilt
(DBN Subscription Required)

US Senator Boxer demands refunds in wake of Enron memos

Regulators Probed Enron Before Crash but Didn't Act
(DBN Subscription Required)

Lieberman: FERC failed to address concerns in probe
(DBN Subscription Required)

Energy Overseers Focus on Enron Clues
(DBN Subscription Required)

Sierra Pacific posts big loss, sees liquidity woes
(DBN Subscription Required)

Calif. state senator says Enron, others manipulated market
(DBN Subscription Required)

Senate Set to Consider if Enron Manipulated Prices
(DBN Subscription Required)

U.S. power trading scandals raise consumer fears
(DBN Subscription Required)

__________________

Ziff Davis shutters Smart Business
(DBN Subscription Required)

Telecoms:

Debt load compels Teleglobe to seek protection
(DBN Subscription Required)

Flag takes over creditors' cable
(DBN Subscription Required)

Arch's Plan of Reorganization Confirmed by Court
(DBN Subscription Required)

Denver-Based Fiber-Optics Firm Must Land Formal Bid for Buyout
(DBN Subscription Required)

Did Standard & Poor's Make a Mistake by Removing WorldCom From the 500?
(NYT: separate free registration required)

WorldCom still defiant despite S&P ejection
(DBN Subscription Required)

___________________________

Napster:

Napster Eyeing Bankruptcy As CEO Resigns
(DBN Subscription Required)

Napster CEO resigns as funds dry up, bankruptcy possibility
(DBN Subscription Required)

Napster Execs Quit Amid Threat Of Bankruptcy
(DBN Subscription Required)

_________________________

Polaroid:

Polaroid criticized for benefits delay
(DBN Subscription Required)

______________________

Haleos seeks purchase or merger - Back pay for employees will be worked out with a bankruptcy judge
(DBN Subscription Required)

Daewoo:

Daewoo's U.S. arm to declare bankruptcy, dealers sue GM
(DBN Subscription Required)

Daewoo Leaves Foreign Plants Adrift
(NYT: separate free registration required)

_______________________

S&P eyes negative equity schemes
(DBN Subscription Required)

APW's Lenders Support Plan
(DBN Subscription Required)

ZiLOG Announces Successful Completion of Its Plan of Reorganization
(DBN Subscription Required)

Bankrupt Irvine, Calif., Firm sells Hamburger Hamlet Restaurant Chain
(DBN Subscription Required)

S&P Sets Tougher Reporting Rules
(DBN Subscription Required)

Adelphia unit cuts workers   

 

  Airlines:

US Airways' Bankruptcy Filing Would Hurt Many, But Not Travelers
(DBN Subscription Required)

US Airways falls below $3 a share
(DBN Subscription Required)

US Airways Chief Begins Selling Job
(DBN Subscription Required)

Frequent Fliers Fret As US Airways Ponders Bankruptcy
(DBN Subscription Required)

____________________

Hamilton Aviation:

Hamilton Aviation nosedives
(DBN Subscription Required)

Arizona Aviation Firm Files for Bankruptcy after Former Employee Wins Suit
(DBN Subscription Required)

___________________

Law firm representing Baptist Foundation of Arizona to pay $21 million
(DBN Subscription Required)

Fleet Among Banks Bilked of Up to $1 Billion in Sophisticated Ponzi Scheme
(DBN Subscription Required)

Law Firms:

Paul Hastings Puts Its Name On L.A. Tower
(DBN Subscription Required)

Get Back to Basics
(DBN Subscription Required)

McGuireWoods Chicago office adds 22 lawyers - aims to have 75 total by fall
(DBN Subscription Required)

Questions Raised About Cuomo's Fried Frank Salary
(DBN Subscription Required)

_________________

Distressed-debt buyers back NTL
(DBN Subscription Required)

Federal-Mogul turns over camshaft units to raise cash
(DBN Subscription Required)

Why Companies Fail - Ten Corporate Sins That Can Lead to a Company's Demise
(DBN Subscription Required)

Bankruptcy Reform:

Schumer says abortion issue may scuttle bankruptcy bill if deal not reached by Memorial Day
(DBN Subscription Required)

Conferees to Meet on Bankruptcy Legislation
(DBN Subscription Required)

______________________

CEOs offer governance guidance
(DBN Subscription Required)

Sheldahl makes a deal
(DBN Subscription Required)

Steel:

Birmingham Steel may choose buyer soon
(DBN Subscription Required)

Court hands steelworkers hollow victory over Kaiser
(DBN Subscription Required)

_______________________

PPG Industries Agrees to $2.7 Bln Asbestos Settlement
(DBN Subscription Required)

Capital Consultants victims to get $110 million
(DBN Subscription Required)

Seabulk wants to ease debt load, add ships
(DBN Subscription Required)

CEOs Urge Shareholder OK of Stock Options
(DBN Subscription Required)

Feds: Bank Clerk Aided Theft Ring
(DBN Subscription Required)

Deutsche Telekom Bankers May Miss Out on Bond Fees
(DBN Subscription Required)

Pechiney Completes the Acquisition of Certain McCook Assets For Around $20 Million
(DBN Subscription Required)

Santa Barbara, Calif., Bank Denies Accusations Concerning Slatkin Scheme
(DBN Subscription Required)

Dexterity Surgical unable to make loan payments
(DBN Subscription Required)

As rumours of her bankruptcy abound, Elspeth Gibson insists she is nowhere near going under
(DBN Subscription Required)

California Bill Will Put Execs In Jail For Covering Up Financial Fraud
(DBN Subscription Required)

Malden Mills creditors eye Atkins: Deal maker worth it, bankrupt firm insists
(DBN Subscription Required)

Responding to Financially Troubled Critical Vendors
(DBN Subscription Required)

Sterling Chemicals Files Plan to Exit Bankruptcy
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

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

Bankruptcy Court Web/Pacer Site Directory

Credit Card Chargeoffs at Highest Level in Four Years
(DBN Subscription Required)

Accounting:

Auditor says prospect of suits, probe prompted shredding
(DBN Subscription Required)

Duncan May Be Linchpin in Case Against Andersen
(DBN Subscription Required)

Prosecutors ask judge to sanction Andersen's lawyer
(DBN Subscription Required)

Enron auditor says 19 partners knew of Enron's cash problems
(DBN Subscription Required)

Accounting confessions hit record pace
(DBN Subscription Required)

Andersen 'debated dumping Enron account'
(DBN Subscription Required)

Cross-examination of prosecution star may provide sparks
(DBN Subscription Required)

Duncan Discussed Worries With Enron
(DBN Subscription Required)

GAO proposes accounting board
(DBN Subscription Required)

KPMG Head Backs Off Xerox Statement
(DBN Subscription Required)

Duncan: I knew shredding would kill off Andersen 

Duncan recounts Andersen shredding
(DBN Subscription Required)

State Must Impose Tighter Controls on CPAs
(DBN Subscription Required)

Duncan: I Didn't Know Law
(DBN Subscription Required)

Accounting grads left in the lurch - College seniors offered jobs by Andersen now face uncertain future
(DBN Subscription Required)

Accountants Found Enron bookkeeping 'Problematic'
(DBN Subscription Required)

__________________________

Kmart:

Kmart shareholders get help
(DBN Subscription Required)

Kmart's shareholders may get a voice in company's reorganization
(DBN Subscription Required)

_______________________

Fas Mart Trustee
(DBN Subscription Required)

Household's Loans Actions Protested
(DBN Subscription Required)

England:

British Train Operators May Encounter Financial Woes, Bankruptcy Due to Insurance Issue
(DBN Subscription Required)

Football League to sue over ITV
(DBN Subscription Required)

Bankrupt financier may be near to settling debt claim
(DBN Subscription Required)

______________________

Mexico:

Creditors question Ahmsa's viability
(DBN Subscription Required)

____________________

South Africa:

Volunteering to Go Under
(DBN Subscription Required)

________________________

Hong Kong:

Hong Kong's Soaring Suicide Rate Tied to Economy
(DBN Subscription Required)

____________________

Germany:

BSkyB forces Kirch to the wall
(DBN Subscription Required)

European Bank Appointed to Handle KirchMedia Television Restructuring
(DBN Subscription Required)

______________________

Argentina:

Argentine Congress nears law changes sought by IMF

______________________



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