November 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

         
Enron:

Fastow indicted on 78 counts
(DBN Subscription Required)

Enron Ex-CFO Andrew Fastow Is Indicted in Fraud Case
(DBN Subscription Required)

Fastow Cooked
(DBN Subscription Required)

Former Enron CFO Fastow indicted
(DBN Subscription Required)

Indicting former Enron CFO Andrew Fastow signals the start of a period of lower-profile grunt work to bring in the even-bigger guys
(DBN Subscription Required)

Statement of Enron Employment Related Issues Committee Regarding Indictment Against Former Enron Executive Andrew Fastow
(DBN Subscription Required)

Enron mulls utilities sale
(DBN Subscription Required)

Enron Can Stop Legal Aid for Former Workers
(DBN Subscription Required)

Enron seeks deal with its creditors
(DBN Subscription Required)

Enron May File Reorganization Plan
(DBN Subscription Required)

Drained of Energy
(DBN Subscription Required)

Sparks Fly as Indians Are Told To Pay Up for Stealing Power
(WSJ: separate paid subscription required)

_______________

Highlands Insurance Group, Inc. Announces Bankruptcy Filing
(DBN Subscription Required)

Peregrine:

BMC is sole bidder for Peregrine unit
(DBN Subscription Required)

Accounting Firm's Role in Peregrine's Inquiry Is Opposed
(DBN Subscription Required)

__________________

Bankruptcy isnít the end-of-the-world.
(DBN Subscription Required)

Laidlaw Inc. announces filing of motion to extend exclusivity period through February 2003
(DBN Subscription Required)

Boeing Unit To Cut Up To 1,500 Jobs
(DBN Subscription Required)

Boeing May Cut Work Force on Line
(DBN Subscription Required)

Adelphia employees feeling bankruptcy
(DBN Subscription Required)

IAL Aircraft - Suit casts pall over deceased tycoon's estate
(DBN Subscription Required)

Corporate Reform:

Bush Sold Stock After Lawyers' Warning
(DBN Subscription Required)

Rewriting the Rule Book at Citi
(DBN Subscription Required)

Doubts Grow on Bush's Resolve for Business Reform
(DBN Subscription Required)

California AG seeks authority over civil securities-fraud cases
(DBN Subscription Required)

Cost to Wall Street to End Inquiry to Be Known Soon
(WSJ: separate paid subscription required)

___________________

Union Acceptance Reports Reorganization Plans, Third Quarter 2002 Results
(DBN Subscription Required)

Buxbaum Group Launches Revamped Corporate Website
(DBN Subscription Required)

Steel:

J&L Structural Steel ruling on hold
(DBN Subscription Required)

__________________

Why Future Beef Went Under
(DBN Subscription Required)

Hard times ahead for petrol firms
(DBN Subscription Required)

Despite Bad Loans, Downturn, Are Banks Poised for Growth?
(WSJ: separate paid subscription required)

Developer's Salt Lake City Property Is Entered Into Bankruptcy
(DBN Subscription Required)

Safety-Kleen completes sale
(DBN Subscription Required)

Mars Music goes out of business
(DBN Subscription Required)

Energy:

FERC sets conference on Kinder Morgan pipe credit
(DBN Subscription Required)

Calif City Files Plan To Take Over SoCal Edison Pwr Lines
(DBN Subscription Required)

_____________________

Cigna Posts Huge Loss, Faces SEC Inquiry
(WSJ: separate paid subscription required)

  Sealed Air Corporation Provides Update On Proceedings
(DBN Subscription Required)

Hayes bondholders face setback
(DBN Subscription Required)

GFinancial files for Ch. 11
(DBN Subscription Required)

Airlines:

US Airways seeks OK to indemnify officers, directors
(DBN Subscription Required)

US Airways seeks protection for execs
(DBN Subscription Required)

National Airlines Mulls Grounding
(DBN Subscription Required)

Failure Of Financing Deal May Ground National Airlines
(DBN Subscription Required)

Conway looking for new funding for National
(DBN Subscription Required)

Bankrupt National Airlines Hurt as Key Party Pulls Out of Reorganization
(DBN Subscription Required)

US Airways layoffs, cutbacks could be costly
(DBN Subscription Required)

City has huge stake in airline
(DBN Subscription Required)

Cutting back but carrying on, United workers worry
(DBN Subscription Required)

_______________

Kmart:

Kmart landlords wait, worry
(DBN Subscription Required)

Earnings Fall 42% At Stewart's Firm
(DBN Subscription Required)

More Kmart stores checking out?
(DBN Subscription Required)

__________________

Telecoms:

AT&T wins Velocita's fiber
(DBN Subscription Required)

BellSouth, Supra Telecom Meet in Bankruptcy Court in Miami
(DBN Subscription Required)

Judge sets date for Supra case
(DBN Subscription Required)

Sage Telecom rings up $30M
(DBN Subscription Required)

Revival of a Local Phone 'Reseller'
(DBN Subscription Required)

WilTel Names Jeffrey Storey New CEO
(DBN Subscription Required)

Pruning the telecom deadwood
(DBN Subscription Required)

Bankrupt General DataComm Misses Third Straight Monthly Profit
(DBN Subscription Required)

Level 3 Nears Deal for Assets Of Languishing ISP Genuity
(WSJ: separate paid subscription required)

ITC DeltaCom trades for first time since bankruptcy reorganization
(DBN Subscription Required)

__________________

Accounting:

Pressure mounts on Pitt to quit as SEC chief
(DBN Subscription Required)

Harvey Pitt has to go
(DBN Subscription Required)

Chief's Past Hurts New Accounting Board
(DBN Subscription Required)

Pitt at centre of storm over Webster
(DBN Subscription Required)

SEC Accounting Board Probes Sought
(DBN Subscription Required)

Ernst & Young Auditors Could Face SEC Charges
(DBN Subscription Required)

Accountancy Watchdog Member Says Industry May Lose Tax Role
(DBN Subscription Required)

Regulator demands companies reveal hidden debts
(DBN Subscription Required)

SEC may bring accounting charges against Lucent
(DBN Subscription Required)

Sydney Water kills billing deal with Pricewaterhouse Coopers
(DBN Subscription Required)

_________________

Ventura County, Calif., Homeowners Dodge Bankruptcy With High Prices
(DBN Subscription Required)

Weyerhaeuser faces $400 million bankruptcy suit from diaper business
(DBN Subscription Required)

Daewoo's woes include disgruntled dealers and parts shortages
(DBN Subscription Required)

Beliefnet rises from bankruptcy
(DBN Subscription Required)

Trade group urges asbestos suits reform
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 239 Jobs - Last updated October 28, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Bankruptcy Judge Approves Loan for Nashua, N.H., Paper Box Machine Maker
(DBN Subscription Required)

Union Promotes Farmland Industries Boycott
(DBN Subscription Required)

State lawyers set sights on doctors who owned defunct medical group
(DBN Subscription Required)

Law Firms:

Associates Face Tougher Climb to Partnership
(DBN Subscription Required)

NY Firm Rescinds Summer Associate Offers, Claiming Hardship
(DBN Subscription Required)

Ex-Pillsbury Partner Names Headhunter He Believes Advised Firm to Accuse Him
(DBN Subscription Required)

Partners at Reed Smith and Crosby Heafey Approve Merger
(DBN Subscription Required)

London confirms dominance in Clifford Chance elections
(DBN Subscription Required)

Lovells set for management shake-up as governance review bites
(DBN Subscription Required)

________________

Asset Purchaser Ryan Beck Refuses To Take On Gruntal Customer Grievances
(DBN Subscription Required)

Layoff roundup
(DBN Subscription Required)

Humbug Marsh holder files for bankruptcy
(DBN Subscription Required)

SATX, Inc. Announces First Amended Disclosure Statement Approval by Bankruptcy Court
(DBN Subscription Required)

Shaw's plans to buy Ames leasing rights
(DBN Subscription Required)

After bankruptcy judge lifts stay, Madster file-sharing service ordered to keep track of songs
(DBN Subscription Required)

Acquisition pushes up earnings at FTI
(DBN Subscription Required)

Germany:

MobilCom creditors offer fresh lifeline
(DBN Subscription Required)

Disastrous third quarter puts Deutsche Bank into red
(DBN Subscription Required)

__________________

Japan:

Short-term support: The prime minister undercuts his handpicked financial regulator over plans to write off bad debt.
(DBN Subscription Required)

Last-ditch revival bid
(DBN Subscription Required)

Japan softens plan to rid banks of $1 trillion in bad loans
(DBN Subscription Required)

_________________

England:

UK company insolvencies fall in Q3
(DBN Subscription Required)

DLA strikes for Deloittes at Leicester City
(DBN Subscription Required)

Aviation Partners to be placed into liquidation
(DBN Subscription Required)

RSA sued over asbestos claims
(DBN Subscription Required)

_________________

Australia:

Washing away the smaller injury claims
(DBN Subscription Required)

New Insolvencies
(DBN Subscription Required)

New laws over auditors urged
(DBN Subscription Required)

__________________

Canada:

Creditors Approve The Proposal Made To Them By Galaxy Under The Bankruptcy & Insolvency Act
(DBN Subscription Required)

______________

Mexico:

AHMSA says wins court case over shares
(DBN Subscription Required)

________________

Switzerland:

ABB Credit Rating Cut to Junk by Moody's After Losses
(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. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

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 $39/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