May 6, 2002 

Kmart's woes seem to mount as it wrestles with bankruptcy restructure

Kmart board's inside inquiry raises doubts
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Kmart's troubles hit home
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Kmart Suspends Severance Payments For Ex-Executives, Pending Inquiry
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The letter of the law - Repayment demand common bankruptcy tactic
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Accounting:

Can Rusty Nail David Duncan? - Andersen defense may hinge on cross-examination
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Auditor Andersen begins uphill battle in federal court this week
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Andersen Already Knows Its Sentence
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Andersen Defections Continue

Andersen's survival rests in hands of jury: Houston energy patch bracing for trial revelations
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Andersen rescue plan suspended as case begins
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Andersen Attorneys Counter in Foundation Trial in Arizona
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SEC's Pitt Met With Head of KPMG, Raising New Questions About Ethics
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Andersen's Dream Washington Lobbying Team
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U.S. `feeling heat' on Andersen trial
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Judge Denies Former Partners' Bid to Block Andersen Mergers
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KPMG's Work With Xerox Sets Up a New Test for SEC
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Obit writers sharpen pens as Andersen trial nears
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Andersen Trial: Fight of Its Life
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KPMG Quietly Cut 90 Jobs
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Judge denies ex-Playmate's request
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Church weighs borrowing to settle claims
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Economy:

U.S. jobless rate jumps to 6 percent
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Corporate profits slid in first quarter - Top companies collectively posted first loss in a decade
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This Is a Recovery?
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Bad Credit Drives Up Insurance Costs
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PG&E Files Objections to CPUC's Disclosure Statement
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Law Firms:

Jacksonville: Law firm layoffs hit region office harder
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Stinson Morrison Hecker now looks to create its own identity
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High-flying salaries have rough landing
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Pinnacle peaks ... and bombs
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Cash authorized for Standard Auto
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Credit issues send TVBS into bankruptcy court
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More Borrowers Using Home Equity Loans to Consolidate Debt, Brokers Say
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Cytran spent $50M, but assets may fetch $300K
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Risky Lending on the Rise at Banks, FDIC Says
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Anxious banks curbing loans to corporations
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Fleet slapped for violating stay
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Enron:

Miami Lawyer Loses Enron Assignment to New York, Houston Firms
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Enron Knew Foreign Portfolio Had Lost Value
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Berkshire's Buffett Says Enron Will Lead to Positive Reform
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Enron Discloses $15 - $20 Billion Recovery Target For Bankruptcy in Creditor Talks
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ExIm bank official sent sympathies to Enron's Lay
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Houston counts the cost of Enron
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Sale of Two Plants to Enron Unit Revoked
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Second Guessing Enron's Lawyers
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Enron Directors to Testify in Senate
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Enron offers unorthodox revival plan
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Enron CEO Describes Mtg With Creditors Panel As Pleasant
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NW reacts to Enron's PGE plan
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Enron releases relaunch plans
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Enron Pipeline Leaves Scar on South America
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Senator may seek subpoenas in probe
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Proposed post-Enron SEC public disclosure rules raise uncertainty
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Enron Knew Foreign-Assets Portfolio Had Lost as Much as Half of Its Value
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New Enron could scrap utility sale - Portland unit would have major role under plan
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Enron Defendants Have a Chance to Get Fraud Suits Dismissed
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Martha Wilkinson responsible for loans she guaranteed
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Telecoms:

Asia Global Crossing seeks a cash lifeline
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NextWave Restarts Talks to End Fight With Wireless Rivals Over Spectrum
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FastComm Communications to File for Bankruptcy Protection
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Williams Communications Awarded Executives Bonuses to Repay Loans
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Bankruptcy brings 'straight talk'

California-Based Phone Service Provider Files Chapter 11
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Adelphia woes cause waves in telecom sector
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GST Telecom Liquidation Plan Gets Court Confirmation
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Court OKs ZiLOG reorganization - Company plans to swap debt for stock
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Wrestling with debt - Consumers aren't the only ones swimming in debt. Corporations have taken the plunge, too.
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Lightyear filing shows $222.7 million owed to creditors
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Near-bankrupt chiropractors embroiled in prostitution
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No Indemnity for Self-Serving Officer
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800 Travel Systems Seeks Bankruptcy Court Approval For Auction and Sale of Assets
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New Bankruptcy Opinions
(No new opinions today)

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

Wakeferns boosts offer for Big V
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How Corrupt Is Wall Street?
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Scandals Pave Way for Wall St. Reforms
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Analysts' Contracts Link Pay To Winning Banking Business
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Buffett Decries Asbestos Lawsuits; Sees Acquisitions
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Bankruptcy Reform:

Bankruptcy fix: a tightening, or an unfair squeeze?
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New York's home equity unchanged in bankruptcy
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Sovereign bankruptcy debate simmers
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Bankruptcy bill takes odd turn
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Designs to buy Casual Male
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ANC Rental Can Combine Brands At 4 Locations, Federal Judge Rules
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JPM gets bankruptcy court OK to sell assets
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Bankruptcy filings slow down - Bankruptcy filings down in March
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Airlines:

Fine Air deal near - Family would be out after sale
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Austin: Earful considers liquidation
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FIFA No. 2 Accuses Chief of Corruption
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Korea:

Korea First Bank Collects Hynix Debt, Breaking Pact
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KFB Recovery of Hynix Loan Raises Ire of Other Creditors
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Korea's corkscrew
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Germany:

Germany's Banking Titans Are in Trouble
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Kirch takes DB chief to court
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Kirch Files Suit Against Chief of Deutsche Bank
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England:

Chancellor plans crackdown on 'vulture funds'
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Sequestration powers threaten to turn one man's drama into crisis; Simon Bain looks at the grip of bankruptcy law
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Bankrupt financier fails to win early reprieve ;Judge tells Sir Iain Noble to be more businesslike
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End of UK TV tax breaks claims first victim
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ITV Digital not our fault - Jowell
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Hong Kong:

HK bankruptcy cases tripled in 1st four months of 2002
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Canada:

The fall of the house that Jack built - Stoddart's publishing firm insolvent
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