November 22, 2002 

A spicy, red-hot dash of Daschle
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Get a handle on debt; declaring bankruptcy may get harder
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Telecoms:

Giuliani could bolster WorldCom
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Giuliani's next big thing
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Judge Relaxes WorldCom Discovery Limits
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Capellas says reforms good — to a point
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Investors Suing WorldCom Will Get Key Documents
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Giuliani's vision for WorldCom
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Giuliani firm may get £95m for rescue
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WorldCom may avoid fine in SEC deal
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Giuliani sets his sights on WorldCom
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Denver WorldCom Employees Welcome New Leader with Pompons, Confetti
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SBC Filing: MCI WorldCom Continues Slamming Consumers, Even in Bankruptcy
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360networks to pay $165 million for bankrupt Group Telecom
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Top SEC lawyer in WorldCom case to quit
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Squabble over loan terms delays Marconi
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Butte, Mont.-Based Telecom Talks Bankruptcy
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Moody's Lowers Its Rating on Insurer
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Airlines:

Alliance comes to the aid of airline
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Big United Givebacks Impress
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Panel members key to guarantee
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United Gets $5.8 Billion Concession
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Wage Cuts Appear Short of United Target
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United Refinancing Plan Is in Works
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Global group of banks working on plan to help United - Loan refinancing could prevent airline from having to declare bankruptcy
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United star on the wane
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Airlines Try Business-Fare Cuts, Find They Don't Lose Revenue
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United in new bid for federal assistance
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Kennedy Flies to The Rescue
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GE Sees Restructuring of US Air Deal
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Court filing airs details of Midway’s struggle
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Sun County Airlines grounded in quest for restraining order
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Madster Said Violating Court Order
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Frisby Technologies Defaults on Requirements for Credit Line
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Corporate Reform:

SEC Seen Weighing New Rules for Raters
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Research Fines Could Cost Wall Street Over $1 Billion
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Judicial mediation ordered in Taylor farm bankruptcy case
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Auctioneer to play Napster's last waltz
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Fraudulent conveyance bar reversed
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Enron:

Judge OK's employee investigation of Enron execs bonuses
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Enron Employee Committee Hires McClain & Leppert and Wynne & Maney to Investigate and Recover Improper Bonuses Paid on the Eve of Enron's Bankruptcy
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The Order
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Former employees win battle to probe millions in bonuses
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Enron tripped over Californian crisis
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Bankruptcy Judge Approves Enron Plan for Sharing Bankruptcy Costs
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Encompass wins nod for interim funding
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Conseco's Funding Line From Lehman Is Quickly Shrinking
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Sterling Chem set to emerge
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Burlington:

Put Your Patents Where Your Pants Are - A struggling textile company makes a bet on nanotechnology
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Burlington continues turnaround
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MWM Dexter reaches for envelope maker
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Steel:

Beth Steel to idle 700 at Point next week
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Bethlehem Steel to Cut Salaried, Corporate Staff
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SpectraSite Announces Delisting by Nasdaq
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Drew Industries Resumes Shipments to Oakwood Homes
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Artificial Skin Co. Seeks Court OK
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Energy:

Bondholders want $750M payment from NRG Energy unit
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NRG Energy: Unit Owes $750 Million
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Dynegy CEO: Co's Top Priority Is Trimming Debt
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Former CEO of bankrupt Simplified Employment Services Charged In Bank, Tax Fraud Scheme
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Durango-Georgia:

Durango-Georgia Paper Co. files for bankruptcy
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Durango workers unpaid
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Kmart:

Kmart delays sales report
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South Jordan, Utah-Based Software Developer Faces Possible Bankruptcy
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Bankers Wary of GOP's Top Senator on Finance
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XeTel asset sale hearing set for Nov. 25
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Cross Off 2003, Say CFOs
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Home-Link files for Chapter 11
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Court Considers Asbestos Claims Filed after Alleged Fraudulent Transfer in Determining Debtor's Solvency at Time of Transfer

Nonbankruptcy Laws Held To Be Expressly Preempted by Section 1123(a) of the Bankruptcy Code

Preconfirmation Order Lifting Automatic Stay Did Not Bind Debtor in Future Plan of Reorganization

Bankruptcy Court approves investigation of Payless Cashways
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 253 Jobs - Last Updated November 19, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Pollution controls preserved at bankrupt Ecusta
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Smithfield still interested in Farmland assets
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Tokheim bankruptcy aimed at bringing about sale
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Bankruptcy Alternatives: Credit Counseling A Click Away
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Bankruptcy Court OKs Monsour financial settlement
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Law Firms:

Survey Finds Most Law Students Cannot Afford Public Service
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Could You Lose Your Job for Reading Inadvertently Disclosed Documents?
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Fried Frank Announces Bonuses
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RadioShack Sues Pitt and Fried Frank
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Hungry Firms Are Desperately Seeking Startups
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Firm's New Offices Are One Size Fits All
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National Century:

National Century Funding Receives Scrutiny in Court
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Health care company based in Scottsdale files Chapter 11
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England:

Brussels to back lifeline for British Energy
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Struggling to avoid bankruptcy, English clubs agree move for wage cap
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Germany:

Paying Debt All the Way into a Recession
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Australia:

Traditions of trust and credit dry up
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New Insolvencies
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Strengthening bankruptcy laws to prevent tax abuse
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Canada:

Car dealer accused of massive tax fraud
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Uniforet restructuring to proceed; Court of Appeal dismisses appeal motion
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Superior receives court approval to acquire Pulp Chemicals Business from Sterling
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Korea:

Bankruptcy among builders seen to fall this year
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Efforts to Curb Household Debt In South Korea May Backfire
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Japan:

Japan's Cabinet approves extra spending amid doubts over economy
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Argentina:

Argentina warns of bankruptcy threat
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China:

Bankrupt Logic About China's Debts
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