October 23, 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

         

DataPlay:

DataPlay Inc. Files for Chapter 11
(DBN Subscription Required)

DataPlay - dead or alive?
(DBN Subscription Required)

DataPlay leaves large debt
(DBN Subscription Required)

__________________

NY court approves Edelnor's US$340mn debt plan
(DBN Subscription Required)

Denver Investigators Seize Files, Equipment from Financial Adviser
(DBN Subscription Required)

Court Approves Agway's Access to Full $125 Million DIP Credit Facility
(DBN Subscription Required)

White & Case aids UPC with bankruptcy protection
(DBN Subscription Required)

Energy:

Xcel CFO: Could Pay Up To $400 Million In An NRG Insolvency
(DBN Subscription Required)

Xcel Says NRG Debt Non-Recourse To Xcel Energy
(DBN Subscription Required)

Seeking to Boost Market Liquidity, EEI Unveils New 'Master Netting Agreement'
(DBN Subscription Required)

____________________

Charter Communications Places Operating Chief on Paid Leave
(DBN Subscription Required)

Bankruptcy may not solve debt problems
(DBN Subscription Required)

Arm Of IRS Can Be Taxpayer's Savior
(DBN Subscription Required)

Law Firms:

Judge Freezes $625M Tobacco Award to Law Firms
(DBN Subscription Required)

Forty-Seven Mergers So Far in 2002
(DBN Subscription Required)

NY Biglaw Firm Seeks Patent for Practice Innovation
(DBN Subscription Required)

Firm's Partners Pass the Hat to Buy Out Lease
(DBN Subscription Required)

Firms Shuffle Management Roles
(DBN Subscription Required)

Many General Counsel See Laxity in Ethics
(DBN Subscription Required)

____________________

Conseco:

Conseco hires Lazard to pursue alternatives
(DBN Subscription Required)

Dispute breaks out over Conseco loans: Who will repay them?
(DBN Subscription Required)

Conseco to Seek New Investors For Finance Unit
(DBN Subscription Required)

______________________

Enron:

Employees' lives transformed in aftermath of Enron collapse
(DBN Subscription Required)

Enron shareholder suit against Dynegy revived
(DBN Subscription Required)

Enron Will Update Oregon Officials on Utility Sale
(DBN Subscription Required)

Bush served on Harken board during Enron trades
(DBN Subscription Required)

________________

HVB Performance Underscores Downturn of Banking Industry
(WSJ: separate paid subscription required)

Polluted plant handed to EPA - Bankruptcy judge allows Vicksburg Chemical to abandon site
(DBN Subscription Required)

Addicted, bankrupt gambler sues casino for his losses
(DBN Subscription Required)

Former plant workers to get back pay - A federal judge approves a settlement over money owed by a bankrupt phosphate company
(DBN Subscription Required)

Kmart:

The Ultimate Blue Light Special?
(DBN Subscription Required)

Success of Martha Stewart line helps Kmart / Chain's hottest brand -- $1.5 billion last year
(DBN Subscription Required)

Kmart plan to sell more food shelved
(DBN Subscription Required)

_________________

Takeover talk hits JP Morgan
(DBN Subscription Required)

'Minnesota pickle' company files for bankruptcy
(DBN Subscription Required)

Did Erpenbeck ever leave home without it?
(DBN Subscription Required)

Bankruptcy Reform:

IMF as bankruptcy court for countries?
(DBN Subscription Required)

How countries should go bankrupt
(DBN Subscription Required)

__________________

York's Legion Club shuts doors, leaving $400,000 in debt behind
(DBN Subscription Required)

  Airlines:

Political winds could blow UAL clear of bankruptcy
(DBN Subscription Required)

Flight crews yuk it up to ease fliers' tension
(DBN Subscription Required)

UAL attendants ditch coalition, hold own talks
(DBN Subscription Required)

UAL flight attendants demand equity, profit share in talks on contract
(DBN Subscription Required)

US Airways Plans to Cut $1.6 Billion in Annual Costs
(DBN Subscription Required)

Air Industry's Big Three Suffer The Worst Amid the Downturn
(WSJ: separate paid subscription required)

Northwest may delay new jets
(DBN Subscription Required)

Can Airlines Bring Costs Down to Earth?
(DBN Subscription Required)

Swissair is gone but the pain remains
(DBN Subscription Required)

________________

Accounting:

Budget worries hit US accounting watchdog
(DBN Subscription Required)

Dealing with redundancies Pt II
(DBN Subscription Required)

Switch? FASB Rethinking Its Principles
(DBN Subscription Required)

PwC Named in $100 Million Lawsuit
(DBN Subscription Required)

Fraud a Top Institute Priority
(DBN Subscription Required)

_______________

Mars Music:

Mars Music moves to liquidation mode
(DBN Subscription Required)

Outlook for Mars dimming
(DBN Subscription Required)

Mars Music fate to be announced Friday
(DBN Subscription Required)

___________________

Steel:

Potential Lender Withdraws From Geneva Steel Financing
(DBN Subscription Required)

_________________

Telecoms:

Worried Bells Push for Liquidation of WorldCom
(DBN Subscription Required)

New WorldCom Losses Hint at a Disputed Future
(NYT: separate free registration required)

No WorldCom Flight to Quality at AT&T
(DBN Subscription Required)

Global Crossing posts $138 million loss
(DBN Subscription Required)

WorldCom struggles to reorganize in bankruptcy
(DBN Subscription Required)

Global Crossing: More cash on hand
(DBN Subscription Required)

NII Holdings Reorganization Fails To Win Confirmation
(DBN Subscription Required)

WorldCom seeks 5-month extension
(DBN Subscription Required)

After Worldcom bankruptcy, telecoms wonder what's next
(DBN Subscription Required)

WorldCom worthless?
(DBN Subscription Required)

Neon reorg plan advances
(DBN Subscription Required)

Judge OKs Knology reorg plan
(DBN Subscription Required)

Global Crossing Gets Amended Reorganization Plan Statement Approved
(DBN Subscription Required)

__________________

Austin: XeTel files for Chapter 11
(DBN Subscription Required)

Land deal to pay DCT claims - About $7 million to go to ex-workers, suppliers
(DBN Subscription Required)

Farmland:

Farmland Industries Ponders Future of Pork, Beef Processing Operations
(DBN Subscription Required)

Court OKs UBS Warburg as Farmland consultant
(DBN Subscription Required)

__________________

Buffalo: Bankruptcy protection sought to avoid sale of properties
(DBN Subscription Required)

VisionLand sold
(DBN Subscription Required)

Intelliworxx declares bankruptcy
(DBN Subscription Required)

Bargain-hunters jam auction of merchandise from Access MedPLUS
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 220 Jobs - Last Updated October 21, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Corporate Reform:

`Bounties' for executive misdeeds
(DBN Subscription Required)

Citigroup Chief Sanford Weill To Testify in Probe of Salomon
(WSJ: separate paid subscription required)

Citigroup's Weill Denies Story on Probe
(DBN Subscription Required)

Insider Loans: Everyone Was Doing It - It isn't just the Enrons and the Tycos of the world that will eat huge losses on insider loans
(DBN Subscription Required)

_________________

ABB:

'We won't fail,' says ABB chief
(DBN Subscription Required)

ABB Alters View on Liabilities, Mulls Bankruptcy for U.S. Unit
(WSJ: separate paid subscription required)

ABB share price suffers double blow
(DBN Subscription Required)

ABB on the brink of collapse
(DBN Subscription Required)

ABB’s future in doubt amid profit and asbestos fears
(DBN Subscription Required)

__________________

Switzerland:

Swiss bankruptcies on a roll - The only industry thriving in Europe's richest country is liquidation
(DBN Subscription Required)

_______________

Japan:

Koizumi's Leadership Under Attack After Bank Report Shelved
(DBN Subscription Required)

Plan to clean up bad loans in Japan hits political wall
(DBN Subscription Required)

Japanese Consumers More Pessimistic, Survey Shows
(DBN Subscription Required)

Japan bank capital rejig may spur meltdown-Goldman
(DBN Subscription Required)

Japan drafts economic recovery plan, but delays much-awaited release
(DBN Subscription Required)

Has the FSA lost the plot?
(DBN Subscription Required)

___________________

Mexico:

Mexican steelmaker in bankruptcy battle
(DBN Subscription Required)

AHMSA "corrects" invitation to shareholders' meeting
(DBN Subscription Required)

_________________

Canada:

Ex-Heads of Broadway Co. Charged
(DBN Subscription Required)

Valentine sells assets to cover defaulted loan
(DBN Subscription Required)

Drabinsky and Gottlieb charged with Livent fraud: RCMP allege $500M swindle
(DBN Subscription Required)

B'way Big Charged In Canada
(DBN Subscription Required)

Livent: ahead of its time
(DBN Subscription Required)

__________________

England:

Stand-off over bill to take the pain out of bankruptcy
(DBN Subscription Required)

Deloittes wield axe at Leicester City FC
(DBN Subscription Required)

Britain's privatized energy industry on brink of bankruptcy
(DBN Subscription Required)

£43bn-pound pensions saving black hole
(DBN Subscription Required)

Finger on the trigger at COLT
(DBN Subscription Required)

_______________

Australia:

New Insolvencies
(DBN Subscription Required)

Skase son-in-law in court
(DBN Subscription Required)

__________________

Russia:

USD 3 Million Allocated on Improving Bankruptcy Procedures in Russia
(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