October 18, 2002 

TransCare's restructuring blues
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Lernout & Hauspie Files New Chapter 11 Liquidation Plan
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Work-Out Specialists Looted Ames, Others - NY Prosecutor
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Bankruptcy Experts Are Indicted
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Bankruptcy Reform:

Split Congress Puts Off Many Issues, Including Bankruptcy Reform
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New bankruptcy judgeship bill
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Fed chief hits at intervention on sovereign debt
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Telecoms:

Global Crossing seeks court OK to finish network
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Global Creditors May Seek Winnick's Cash
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Conn. firm buys Network Access Solutions
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New bid emerges for 360networks' Atlantic cable
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Crosshairs trained on billionaire
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Roadhouse Grill hires CFO, relaunches ads
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Bill Erpenbeck Agrees Not To Sell Kentucky Assets
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Adelphia asks court to block insurance coverage revocation
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American Movers files Chapter 11
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Level Propane attempts to reorganize
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Good Stuff Entertainment Corporation Assets to Go to the Block
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Doe Run Resources Announces Tentative Agreement Regarding Consensual Restructuring
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Corporate Reform:

Corporate scandals cost more than $200 billion
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Nightmare in the Corner Office - Disenchanted incumbents are starting to bail out in increasing numbers, and replacements are getting harder to find
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WorldCom:

Technophobia Makes WorldCom Probe Harder
(NYT: separate free registration required)

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Marlaz and Polar investments to acquire US Fast Mart for $39m
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Decision time for PG&E
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Airlines:

Delta to cut up to 8,000 more jobs
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More Bad News from Airlines, Future Grim
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Northwest Posts a $46 Million Loss
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Midway Flights Could Resume Dec. 1
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Transportation Department OKs Midway Airlines Arrangement
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Sears' Credit Woes Cause Shortfall
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Amerco discounts bankruptcy talk
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Wall Street not-so-confidential
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Coalition wants asbestos litigation system changed
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President of Farmland Industries' Meat Businesses Is Let Go
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Conseco's Short-Term Debt Is Eased
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Seventh Circuit Says Secured Party´s Signature Is Not Needed to Validate a Security Agreement. Is This Correct?
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Enron:

Enron chief trader vows to tell all - Officials hope guilty plea, conviction boost probe of Calif. energy debacle
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Ex-Enron Energy Trader Pleading Guilty
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California officials feel vindicated by trader's plea
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AIG, Chubb Seek $34 Million Collateral for Enron Gas Contract
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EOTT Gets Okay From Court for $575 Million DIP Financing in Its Pre-Negotiated Restructuring Plan
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Kopper's cash to go to Enron creditors - Shareholders still left holding the bag
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Judge OKs SEC, Enron Creditors' Settlement On Kopper's Cash
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$500,000 for bonus? That's rich - Judge rejects claim of poverty in suit
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Bankruptcy court rescues Rawhide
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Steel:

Hot Seat at the Steel Mill
(Business Week: separate paid subscription required)

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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 240 Jobs - Last Updated October 14, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Swifty Serve trustee named
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GM completes partial takeover of Daewoo
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Sun Capital explores Mars
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Central Recycling ordered sold
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Advanced Tissue Sciences Provides Chapter 11 Update, Announces Receipt of $3 Million From Smith & Nephew
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Mars Music considers a going-out-of-business sale
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Accounting:

DOJ unveils new Andersen probe
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FASB Proposal On Principle-Based Accounting Due Out By Monday
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Crackdown on Gov't Cards Progressing
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Japan:

Bankruptcy Law revision sought
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Japan's Koizumi Vows 'Bold' Action
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Japan's Hayami Tosses `Hand Grenade' With Share Plan
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Can Japan finally make it?
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Tokyo Golf Course Operator STT Kaihatsu Files for Bankruptcy Protection
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Germany:

Banking crisis bleeds Frankfurt
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England:

Knight Machinery (Holdings) Ltd - In Administration
(DBN Subscription Required)

Railtrack Group shareholders set to approve voluntary liquidation
(DBN Subscription Required)

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France:

France Telecom Denies It Will Take Over MobilCom Debt
(DBN Subscription Required)

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