October 28, 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

         
Sealed Air:

Sealed Air trial to proceed
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Sealed Air Corporation Provides Update On Proceedings
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Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
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Easy Credit Hard to Find as Economy Sours
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Law Firms:

Clifford Chance Fears Memo May Cause Client Defections
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Duane Morris may start trend
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Clifford Chance Memo Could Trigger Attack on Biglaw Billing Policies
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Dance Card: 47 Mergers So Far in 2002
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Aviation Lawyer Exits Bilzen Sumberg for Shook Hardy
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Second Corporate Partner Defects as Firm Rethinks NY Strategy
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Lawyers find business as consultants
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Job market remains good for law grads
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Marketing director can coordinate firm's business development plans
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Female managing partners
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Firm Adds, Retools Satellites to Gain Corporate Work
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Mars Music to Close All Retail Stores
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Telecoms:

Microcell fights losing wireless battle
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WorldCom women make Playboy debut
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WorldCom asks to scrap fiber
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MasTec, IRS among top Supra creditors
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Competitors watch as Supra slides into Chapter 11
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Supra Says Customers Won't Lose Phone Service
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Trouble reaching the recovery - Still in the ditch, telecom industry looks at a messy climb ahead to shake off problems
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Genuity/Debt Extension: In Default Since July
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Knology Broadband Reaches a Major Milestone
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Viasystems wins final court OK for $37.5M DIP
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SBC President Assails 'Telecom Wars' that Feature Dueling TV Ads
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Firms pick up Interpath's assets
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Digital Gurus Want Telecoms Put Out To Pasture
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Enron:

Enron gets nod to hire more restructuring experts
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Judge Grants Lawyers Access to Enron, J.P. Morgan Documents
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Greetings, fans, and welcome to the wide world of Enron sports
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Corporate Governance:

A blow for states
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Accounting:

Ex-FBI chief named SEC accounting cop
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Webster Edges Biggs to Head Accounting Board; Dems Threaten Lawsuit
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Sarbanes: Pitt should quit
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New Arbiters of Auditing
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CPAs take new facts into account
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CFOs under pressure to disclose all transactions
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Co-founders build accounting firm into 60-person practice
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  Peregrine challenged on legal hires
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Denver: Hoover sold property before filing
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US Diagnostics asset sale approved
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Airlines:

US Airways to lay off 471 pilots 915 attendants
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Austin Jet International closes operations, files for Ch. 7
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Flight attendants make proposal in United Airlines negotiations
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A bankruptcy filing by United Airlines could push AMR over the brink as well
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United Works to Extend Nov. Debt Payment
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Fed-up travelers abandon airlines
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UAL might make $1.5bn charge in fourth quarter
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United Airlines' flight attendants offer to take pay cut
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UAL Says It May Need to Add $5 Billion to Pension Plan by 2008
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Vanguard announces final departure destination: liquidation
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Warn Act Payoff For Ex-tech Staff
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Bankruptcy Reform:

Bankruptcy reform will punish debtors
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Ardent Senate Opponent Of Bankruptcy Reform Dies In Plane Crash
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US Bankruptcy Foes Lose Ally In Sen Wellstone's Death
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Minnesota maverick: Wellstone recalled as passionate liberal respected on both sides of aisle
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The Progressive Mourns Paul Wellstone
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Generous Bankruptcy Rules Limit Small Firm Credit
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Car Rental Agencies Escalate Market War
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Henninger Media turns page in its Chapter 11 bankruptcy
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Corporate Reform:

Old boys network is really rewarding
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Analyst Inquiry May Cost Wall Street up to $2 Billion
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Shareholders hit at executive pay
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Chief executives still in revolving doors
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Analysts' Regulators Focus on Building Walls
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Business scandals show the need for the coming corporate reforms of 2002
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Steel:

U.S. Steel facing $500 million question
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Another slap in face for LTV's suppliers
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RFS Ecusta bankrupt plant may get new owner
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Integra nears speedy bankruptcy rebound
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Edison Schools:

Edison Schools: An "F" in Finance - For-profit Edison Schools needs to make a profit soon
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Schools to pay $ owed to Edison Firm awaiting $5.3M in payments
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NACM credit group still in flux
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Retired Employees of Bankrupt Aluminum Company Worry over Pension Security
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Before personal bankruptcy filing, many questions must be answered
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Tech Banker Ranks Dwindle Amid Dire Slump
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 239 Jobs - Last updated October 28, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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HMG Worldwide liquidates
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More 'bet-the-company' cases on lawyers' dockets
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Bankrupt team bought for $1 million
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Living.com Creditor Trustee Files Suit Versus Amazon.com
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A Consumer Lifeline in Jeopardy?
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U.S. Bankruptcy Court delays IPBM decisions
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Asbestos:

Asbestos infects small biz
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Asbestos has killed too many firms
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New laws aim to reduce the number of asbestos-related lawsuits
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Aliquippa awaits plan to save hospital - Chapter 11 filing brings specter of layoffs
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Looking Outside the Box - Computers are not the only source of important e-evidence
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Web sites provide insights on how to manage and consolidate debt
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Sorting Out Citigroup's Leadership Puzzle
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Avatex - Default and Bankruptcy Possible in December
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Moody's cuts Conseco ratings, expects bankruptcy
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England:

Call for tougher 'rogues charter' - Pain-free personal bankruptcies
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Bankruptcy bill under Tory fire
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Australia:

New Insolvencies
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A not-so-merry widow stays mum as children point fingers
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Canada:

Church absolved in Canada abuse case
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Corporate pitch may rescue CPO
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Germany:

Banks have to pay for past parochialism
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Poland:

Liability of management board members for not initiating a bankruptcy procedure on time
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Japan:

Japan's Koizumi Says He Backs Takenaka Plan That Banks Oppose
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Japan Minister Meets With Bankers
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Japanese Politicians Line Up Against Koizumi, Bad-Loan Plan
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Japan's Koizumi Promises to Release Bad Loan Package This Weekq
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Japan Sept. Unemployment Probably Rose to 5.5%
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Japanese prime minister's bloc declares victory in midterm elections
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Japanese may fumble bank reform again
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Critically ill Japan can't depend on assistance from G-7 doctors
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Shinsei is the kind of visitor who wears muddy shoes on the tatami mats. It orders its sushi well done
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