September 10, 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

         
Asbestos:

Owens Corning Asbestos Rep Seeks Power To Assert Claims
(DBN Subscription Required)

Lawyers raking in millions from Grace bankruptcy
(DBN Subscription Required)

Supreme Court Asked to Take Asbestos Case
(NYT: separate free registration required)

____________________

Pentacon sale plan OK'd
(DBN Subscription Required)

WorldCom:

AFL-CIO eyes WorldCom filing
(DBN Subscription Required)

Former WorldCom Workers Seek Severance, Health Benefits
(DBN Subscription Required)

_________________

Bankruptcy Reform:

Voters can stop bankruptcy bill aimed at aiding credit-card industry
(DBN Subscription Required)

Bankruptcy bill movement?
(DBN Subscription Required)

Menace lurking in the bankruptcy bill
(DBN Subscription Required)

________________

WorldCom:

WorldCom Board Will Consider Rescinding Ebbers's Severance
(WSJ: separate paid subscription required)

Electronic Data Systems Seeks Payment from WorldCom
(DBN Subscription Required)

___________________

Homeowners to take on lien law
(DBN Subscription Required)

SEC Stiffens Penalties for Lawyers
(DBN Subscription Required)

Consolidated Freightways:

Portland, Ore.-Area Workers Recall Life at Consolidated Freightways
(DBN Subscription Required)

Consolidated Freightways' Demise Sends Big Ripple through Oklahoma
(DBN Subscription Required)

_____________________

Energy:

PG&E Reorganization Plan Gets Approval From Nine Creditor Classes
(DBN Subscription Required)

PG&E Creditors Like Utility's Plan, Don't Like CPUC plan
(DBN Subscription Required)

PG&E'S Plan of Reorganization Receives Overwhelming Creditor Approval; Creditors Soundly Reject CPUC Plan and OCC's Recommendation
(DBN Subscription Required)

Energy Companies Face Off With Banks in Survival Battle
(WSJ: separate paid subscription required)

Creditors approve PG&E's bailout plan
(DBN Subscription Required)

_____________________

Adelphia Shareholders Committee Seeks Information From Firm, Former Auditor, Banks
(DBN Subscription Required)

Accounting:

Employers: Expensing Options Coming
(DBN Subscription Required)

___________________

More homeowners pay late
(DBN Subscription Required)

San Francisco defaults creep up
(DBN Subscription Required)

Kmart:

Lawmakers to Release Martha Stewart Findings
(DBN Subscription Required)

Saybrook Capital Retained to Represent Equity Shareholders in the Kmart Bankruptcy Proceeding
(DBN Subscription Required)

____________________

Conseco:

Conseco Obtains Temporary Bank Waivers, Continues Talks With Debt Holders
(DBN Subscription Required)

Report: Conseco Life Subsidiaries Sending Cash to Ailing Parent
(DBN Subscription Required)

Conseco defaults on debt
(DBN Subscription Required)

_________________

Digital Now Inc. Exits Chapter 11
(DBN Subscription Required)

Golf Bag Firm On Verge of Bankruptcy Has $2 Million in Orders, but No Money
(DBN Subscription Required)

Homeland emerges from bankruptcy
(DBN Subscription Required)

 

Airlines:

UAL Confirms Hiring Consultant Known for Bankruptcy Work
(DBN Subscription Required)

UAL CEO would seek loan deadline extension
(DBN Subscription Required)

Wall Street Still Fears Bankruptcy May Be Inevitable at United Airlines
(DBN Subscription Required)

United retains financial experts
(DBN Subscription Required)

Billions lost as travellers stay at home and cut their spending
(DBN Subscription Required)

A New and Difficult World for Frequent Fliers
(NYT: separate free registration required)

Tail of woe
(DBN Subscription Required)

United hires financial adviser that helped TWA through bankruptcy
(DBN Subscription Required)

Danger: low-flying airlines - War is the last thing the world's ailing carriers want
(DBN Subscription Required)

Airline Woes Preceded Sept. 11 and Will Remain Long After
(DBN Subscription Required)

A Year Later, Airlines' Woes Continue
(DBN Subscription Required)

For US Airways, Employees, Survival Means Shrinking
(DBN Subscription Required)

Hooters chairman hasn't decided whether to rescue Vanguard
(DBN Subscription Required)

Business Travelers Use Strategies to Bypass the Hassles of Flying
(DBN Subscription Required)

_________________

Telecoms:

ITC DeltaCom reorganization moving forward
(DBN Subscription Required)

SBC spat snags Williams reorg
(DBN Subscription Required)

SBC Presses Williams Communications on Alliance
(DBN Subscription Required)

Qwest CEO says he does not discuss bankruptcy
(DBN Subscription Required)

AOL: Debt Drama
(DBN Subscription Required)

CEO Says Qwest Is Looking at Cutting $1 Billion in Cash Burn Annually
(DBN Subscription Required)

Bankrupt Ricochet Rises Like a Phoenix After Sept. 11
(DBN Subscription Required)

Lawmakers get Grubman e-mail
(DBN Subscription Required)

General DataComm to Pay Off Mortgage
(DBN Subscription Required)

Telecom free-for-all
(DBN Subscription Required)

___________________

Viasystems' bankruptcy wipes out Mills' stake
(DBN Subscription Required)

SLI:

SLI files for Chapter 11
(DBN Subscription Required)

SLI Inc. And U.S. Unit Initiate Voluntary Reorganization
(DBN Subscription Required)

Canton, Mass.-Based Lamp, Lighting-System Maker Files for Bankruptcy
(DBN Subscription Required)

___________________

Telecoms:

Problems surface for two telecommunications firms
(DBN Subscription Required)

____________________

Sunbeam:

Sunbeam Inquiry Looks At Events of Dunlap's Time
(WSJ: separate paid subscription required)

Sunbeam files amended reorg plan
(DBN Subscription Required)

DOJ investigates Sunbeam under Dunlap's reign
(DBN Subscription Required)

Witness cites Andersen fault over Sunbeam
(DBN Subscription Required)

Reorganization of Sunbeam gives control of company to lenders
(DBN Subscription Required)

___________________

Napster:

Bankruptcy judge delays Napster ruling
(DBN Subscription Required)

Creditors Push For Appointment of Napster CEO, Board
(DBN Subscription Required)

___________________

TransCare Corp Reaches Deal With Lenders, Files For Ch 11
(DBN Subscription Required)

 

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 203 Entries - Last Updated September 9, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Bankruptcy's upside: Investors seek bargain properties
(DBN Subscription Required)

The math on corporate disaster
(DBN Subscription Required)

Suit Claims Banks Aided Slatkin in Investment Scam
(WSJ: separate paid subscription required)

Law Firms:

11 Brobeck IP Partners Jump to Dewey Ballantine - Book of business for group may top $40M
(DBN Subscription Required)

More partners flee Brobeck
(DBN Subscription Required)

N.Y. firm lures Brobeck partners to new Austin office
(DBN Subscription Required)

Think global - Dechert's transatlantic business
(DBN Subscription Required)

Dechert to Open Realty Finance Office in San Francisco
(DBN Subscription Required)

Linklaters to relegate real estate, litigation
(DBN Subscription Required)

Jelly heads
(DBN Subscription Required)

First-Year Associates: Hit the Ground Running
(DBN Subscription Required)

National Firms Expanding in Virginia
(DBN Subscription Required)

Radcliffes to wield axe on partnership
(DBN Subscription Required)

Deloittes tipped for U-turn on legal arm with Andersen hire
(DBN Subscription Required)

____________________

Enron:

SEC probe sizing up big banks - Enron relationships with 2 firms at issue
(DBN Subscription Required)

Tough trio assembled for Enron probe
(DBN Subscription Required)

Enron makes online discovery
(DBN Subscription Required)

Bob Rubin and Wall Street
(DBN Subscription Required)

Massachusetts Pension Fund Is Hardly Alone in Its Enron Losses
(DBN Subscription Required)

Enron Probers Pressure Big Banks, Ex - Execs
(NYT: separate free registration required)

___________________

Judge OKs $60 Million Calif. Lending Settlement
(DBN Subscription Required)

Emerald operators face bankruptcy ruling
(DBN Subscription Required)

Haley's literary rights sold to Duval investor - 'Roots,' other assets in bankruptcy court
(DBN Subscription Required)

Steel:

U.S. Calls for World-Wide Cuts to Government Steel Subsidies
(DBN Subscription Required)

_____________________

Rite Aid trial is delayed till March
(DBN Subscription Required)

Springfield Woman Pleads Guilty to Bankruptcy Fraud, Reports U.S. Attorney
(DBN Subscription Required)

Citigroup set to change business practices
(DBN Subscription Required)

Texas-Based Monarch Dental Corp. Says Creditors Pressuring for $63.1 Million
(DBN Subscription Required)

Self-Proclaimed Deadbeat Laughs At Creditors
(DBN Subscription Required)

Epic continues its saga of financial, legal woes
(DBN Subscription Required)

Japan:

Nomura targets Japanese restructuring market
(DBN Subscription Required)

Financial system keeps struggling firms on artificial life support
(DBN Subscription Required)

Mortgage guarantee corporation 5 years in red
(DBN Subscription Required)

___________________

Poland:

Bondholders bid for Elektrim telco assets
(DBN Subscription Required)

__________________

Canada:

CanFibre Restructuring Discussions Fail
(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.

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 $3
9/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