October 4, 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

         
Pantless bankruptcy lawyer quits post
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Sunbeam Creditor Panel Says Plan Is 'Doomed To Fail'
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Bankruptcy Reform:

Bill to overhaul bankruptcy laws has provisions worth supporting
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Bankruptcy on the leaderships' minds
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Battling over the bankrupt
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Family farming bankruptcy bill approved by House
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IMF to Allow Countries to Go Broke
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American Life League: Schumer Amendment Ethically Bankrupt
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Debt: This Hot Potato Gets Hotter
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CTC files Chap. 11, lays off 300
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Bankruptcy boom no match for the '80s
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Stanley Challenges Ouster as U.S. Trustee
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Durham, N.C.-Based Swifty Serve Stores Have Closed
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Steel:

Wavering Weirton: Groundbreaking employee-owned firm weighs ceding control to outsiders
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Asset sale may end bid to reopen Gadsden steel mill
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Lawmakers Endorse W-Pitt 'Byrd Bill' Loan Application
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Energy:

PG&E Obtains Waiver Extension on Loan
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Williams to restructure to adapt to post-Enron energy industry
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Growing Bad Loan Jitters Weigh on Bank Stocks
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Malden Mills:

Bankers blast Malden Mills
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Creditors hit Malden Mills recovery
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Dade Behring exits Ch. 11 bankruptcy
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Contour Files Amended Plan of Reorganization
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Filing alleges plotting at Guilford mill
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Pitching to the Pews - Trial under way for dot-com founder accused of fleecing faithful investors
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Law Firms:

Coping during crunch time
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Decorating Tips
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Brobeck Seeks Merger to Stop Downward Spiral
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Clifford Chance comes last in US survey
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Latham raids Simmons partners
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Clifford Chance takes corporate partner from New York rival
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Venture lenders fill Comdisco void
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341 meeting of creditors examines the debtor in a bankruptcy filing
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Court Asks Umatilla, Fla., Juice Cooperative Members to Pay Its Debts
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  Owens Corning:

Owens Corning Wants Dividends Back
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Owens Corning To Handle Suits Versus Asbestos Plaintiff Firms
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Ames Wants Employee Severance, Retention Plan
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Enron:

Enron Chiefs Next as Probe Tastes Blood
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Enron office tower sold
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Enron Wants to Discontinue Legal Fees for Ex-Workers
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Called to account - Enron's 'fast Andy'
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'I had a lucrative career ... but it cost me my soul'
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Prosecutors are far from finished
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Unraveling Enron
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Enron prosecutors signal interest in Causey
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Giants win court approval to remove Enron's 'E'
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Conseco:

Conseco's Troubles Outlast Reign of a Would-Be Savior
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S&P Cuts Conseco, Expects Bankruptcy
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Wendt steps down as Conseco CEO, remains as chairman
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S&P Lowers Conseco Inc. Ratings to 'D'
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Houston Businessman Plans to Turn Bankrupt Madison, Wis., Dairy Around
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WorldCom:

WorldCom Glitch Causes Internet Delays
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Workers sue to recoup 401(k)s
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N.Y. official requests all WorldCom documents for shareholder lawsuit
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Telecoms:

Telecom washout stings Bain, Lee
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ITC-DeltaCom Announces Overwhelming Acceptance of Reorganization Plan; Creditors and Stockholders Vote to Approve Reorganization Plan
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NextWave Has Its Day in Court
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No Private Cause of Action Found in Federal Telecom Act
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Telecom Loans Hit Big Banks' 3rd Quarter
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Bush Administration Plans No Telecom Bailout
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Qwest board cautioned CEO about accounting credibility
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Global Crossing May Change Name
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CTC Communications Announces Voluntary Chapter 11
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StarBand wants more time for turnaround plan
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Predictions Of a Coming Storm
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Banking's Not-So-Secret Weapon
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Truckers: Woes Spreading Beyond Ports
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New Bankruptcy Opinions
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Bankruptcy Jobs - 240 Jobs - Last Updated October 2, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecom Firms Worried Over WorldCom DIP Terms
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Corporate Reform:

'Flipping' Goldman fingered
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Report criticizes Goldman's IPO access / Banking client execs got lucrative deals
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NYSE Board Under Scrutiny as Two Quit
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SEC & NY Atty General Join to Probe Wall Street
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Airlines:

Airline Partnerships Gaining Steam
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Bankrupt Airline Reports New Bid
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Vanguard stays mum on new bidders
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Court Grants US Airways' Motion To Abandon Planes
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Drexel shadows Andersen, Weinroth
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Order paves way for windup of Kroh Bros. case
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Big Steps to Paying Down Your Debt
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Accounting:

Baptist Parties Agree On Plan To Split Money
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SEC, PwC near settlement over audits of MicroStrategy
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IRS announces major shift in audit priorities; high-income groups especially targeted
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Chaos at accountancy board
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Court Slams Tax Promoter
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Women Getting Shafted in Accounting Jobs
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Audit rotation period cut to 5 years
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Japan:

Takenaka Tough On Loans
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Argentina:

Rio de La Plata goes bankrupt
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Mexico:

AHMSA pays off suppliers, but refuses to pay creditors
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Poland:

Elektrim Pulls Bankruptcy Filing After Debt Accord
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Russia:

CentralBank Moves on Major Banking-Sector Reforms
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England:

Tykes go into administration
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