November 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

         
Fastest filing in the West?
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Telecoms:

Grubman Sent Email to Get Kids into School
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NEON Communications Plan of Reorganization Confirmed by Court; Company's Emergence from Chapter 11 is Imminent
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Columbia Ventures wins auction for 360networks cable
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FCC returns money to NextWave bidders
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Wireless bid decision frees carriers' millions
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@Home shareholders cite AT&T "fraud"
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AT&T Latin America posts loss, considers bankruptcy
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Worldcom Names Capellas as Chairman, CEO
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CLECs feel pressure to merge
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WorldCom redux
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Peregrine Creditors Panel Backs Motion For Ch 11 Trustee
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Canadian company buying INSpire assets
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Airlines:

UAL shares dive 15% on Ch. 11 talk
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UAL negotiating $2B DIP
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United's CEO denies facing deadline over bankruptcy
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United CEO states case for rescue
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UAL in bankruptcy loan talks
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America West Says National Air Demise May Add $30 Million A Year in Profit
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US Air to Seek More Union Concessions
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US Airways to take charge to cover pension fund
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US Air labor wary, pilots to weigh revenue problem
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Symphonix Announces Dissolution of Its Business
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NextCard Files For Chapter 11 Bankruptcy In Delaware
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Accounting:

Fee padding is rampant, say FDs
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SEC considers audit exemption
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PwC global fees edge towards 9bn
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PwC to become LLP
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Ernst & Young Charged Again by SEC
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Comptroller General: Split Audit from Other Services
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Financial regulation - First Pitt, now Webster
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SEC: E&Y Violated Independence Rules
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The Audit of the Future
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Premiums scare off auditors
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What Does the Future Hold for CPA Firm Consulting?
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Accounting Fix May Not Be the Cure
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Underwriting Pros Brace for Paltry Bonuses
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San Jose Symphony set to fold, file for bankruptcy
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Lehman Brothers to Lay Off About 4% of Its Work Force
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Wilmington, N.C., Bulk Shipping Business Seeks Bankruptcy Protection
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  NII set to emerge from bankruptcy
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Comdex organizer may file for Chapter 11
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Compositech bankruptcy dismissed
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Bankruptcy Reform:

Latest: House Regroups And Passes Revised Bankruptcy Bill - Abortion-Related Provision Dropped After Earlier Bill Is Scuttled
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US House passes 'stunt' bankruptcy overhaul bill
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New Bankruptcy Bill Clears House
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Bankruptcy bill fails, again
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U.S. House Votes to Derail Bankruptcy Overhaul Bill
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Retailers Urge Passage of Bankruptcy Reform
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Catholic Bishops Come Out Against US Bankruptcy Bill
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US House to vote on bankruptcy bill on Thursday
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House Close to Passage of Bankruptcy Bill
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The GOP is saying to pro-lifers, 'Thanks for your votes, now get lost!'
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House to Hear Bankruptcy Bill Targeting Pro-Life Protesters
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Energy:

PG&E unit in debt default raising bankruptcy threat
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Judge clears PG&E to bypass some state laws
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California's AG wants to deny PG&E reorg plan
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State asks SEC to strip PG&E Corp. of exemption
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Williams Reports $294.1 Million Loss
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Calif Atty Gen'l Moves To Block SEC OK Of PG&E Utilities Plan
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PG&E Works to Keep NEG From Bankruptcy Proceedings
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Report From FERC Suggests Collusion by Williams, AES
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NTL refinancing nears completion
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National Century hires workout gurus
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Adelphia:

Ex-Adelphia Exec Pleads Guilty
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Adelphia Communications Asks Court To Make Towns Renew Franchises
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Ex-Adelphia official implicates Rigases
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Law Firms:

Cooley Lays Off 27 Associates and 19 Staffers
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What Not to Do When a Partner Quits
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Assessing Ex-Pillsbury Partner's Book of Business
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Banking on the Future - Firms still look good to lenders despite a heavy load of debt
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Merging Firm Strips 30 Partners' Equity, Says No Layoffs Planned
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NY Firm Linked to Liberal Party Sees Client Base Shrink
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Law Firm Thacher Proffitt & Wood Moving Back to Downtown NYC
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Greenberg Traurig opens two offices in Europe
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Brooklyn DA Rescinds 52 Job Offers to New Lawyers
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Another Pillsbury Partner Defects, Other Lawyers Switching Jobs
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 247 Jobs - Last Updated November 11, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Warnaco Gets Green Light To Solicit Votes For Ch 11 Plan
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TransTexas heads into bankruptcy for 4th time
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Corporate Reform:

The ethics habit
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LifePoint wins Logan General
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Trade show producer Key3Media may file for bankruptcy
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Enron:

Enron E finds home in East End
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Enron Whistle Blower Is Leaving Company
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Judge Denies Sierra Pacific's Request To Stay Enron Suit
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GE seeks $160 million in Enron bankruptcy
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Enron seeks to pay taxes, clear broadband unit
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Kaiser Aluminum CEO Outlines Strategy For Ch 11 Emergence
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Investors Take Advantage Of Credit Derivatives
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Martha Stewart woes hurt company
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Roxio to Acquire Assets of Napster
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National D-day Memorial Foundation and its creditors agree to try mediation
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Superior to buy Sterling unit
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IRS Proposes $150 User Fee for OIC Requests
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Corporate Risk - Morgan Stanley Faces Risk Of A Lawsuit
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Asbestos:

Honeywell Shares Fall Eight Percent
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Big City Radio Announces Forbearance Agreement With Noteholders
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Sirius serious about Ch. 11
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Australia:

New Insolvencies
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Elliott faces bankruptcy
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Japan:

Business lobby rejects bank nationalization story
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Japan consumer loan sector may be heading for hard times
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Japan Oct corporate bankruptcy liabilities up 79.9 pct
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Argentina:

Argentina to Miss World Bank Payment
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Argentina and the IMF - A turn for the worse
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England:

Users depart NTL as end to bankruptcy nears
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Business confidence falls in all but one UK region
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