September 11, 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

         
More homeowners falling behind on mortgages
(DBN Subscription Required)

WorldCom:

Sidgmore Wants Out as WorldCom CEO
(DBN Subscription Required)

WorldCom Board Agrees to Search for New Chief Executive
(DBN Subscription Required)

Chasing a piece of WorldCom
(DBN Subscription Required)

Ebbers Case Shows Tide Rising Against Perks
(DBN Subscription Required)

WorldCom Combs Through CEOs For Replacement
(DBN Subscription Required)

WorldCom casualties rally
(DBN Subscription Required)

WorldCom says still on track to emerge from Chapter 11 protection in mid-2003
(DBN Subscription Required)

WorldCom chief plans to quit post; says restructuring on track
(DBN Subscription Required)

New name could be in store at WorldCom
(DBN Subscription Required)

Ebbers may lose severance
(DBN Subscription Required)

WorldCom Announces Its Post-Restructuring Management Plan
(DBN Subscription Required)

Board Reviews Bernie's Big Bucks Bonanza
(DBN Subscription Required)

Unions side with WorldCom staff
(DBN Subscription Required)

WorldCom CEO's leaving
(DBN Subscription Required)

__________________

Wall Street fee party turns nasty
(DBN Subscription Required)

Accounting:

Audit team finding corporate tax cheating
(DBN Subscription Required)

New FASB Initiative May Slow Asset-Backed Issuances
(DBN Subscription Required)

Majority of CFOs Still Talk Their Way Out of Most Auditor Challenges
(DBN Subscription Required)

Studies Show Cheating on Returns Is Up; IRS Calculates Ways to Respond
(DBN Subscription Required)

A Tax Break for the Rich Who Can Keep a Secret
(DBN Subscription Required)

International standards labeled 'sick'
(DBN Subscription Required)

Wal-Mart Sues Insurers Over Tax Deductions
(DBN Subscription Required)

A Perspective on Audit Malpractice Claims
(DBN Subscription Required)

Hewitt reviews audit regulation
(DBN Subscription Required)

Circuits disagree about proper deduction treatment of attorneys' fees
(DBN Subscription Required)

____________________

Albert Lea pushes to move on without Farmland Foods
(DBN Subscription Required)

Adelphia:

Adelphia Seeks Bankruptcy Court Approval for Bonus Plan
(DBN Subscription Required)

Sabres May Have to File Bankruptcy
(DBN Subscription Required)

Adelphia eyes one of its directors as its new chief exec
(DBN Subscription Required)

___________________

Royal Oaks company may face liquidation of assets
(DBN Subscription Required)

Lawmakers urge probe of Martha Stewart
(DBN Subscription Required)

House committee asks Justice Department to take over the Martha Stewart investigation
(DBN Subscription Required)

Telecoms:

StarBand Lays Off 36, Including President
(DBN Subscription Required)

Tech Tel Files for Bankruptcy
(DBN Subscription Required)

State, feds seek Summit trustee
(DBN Subscription Required)

MobilCom shares halve on bankruptcy fears
(DBN Subscription Required)

____________________

Watchdog panel for Adelphia sought
(DBN Subscription Required)

Calpine details sell-off plan, as its stock plummets
(DBN Subscription Required)

  Warnaco bid to shut Calvin Klein shops
(DBN Subscription Required)

Airlines:

Deadline approaches for United
(DBN Subscription Required)

Airline Executives to Gather To Discuss Industry's Health
(WSJ: separate paid subscription required)

United Bankruptcy Case Would Have Wide Effect
(DBN Subscription Required)

Fidelity Investments Sells United Airlines Stock
(DBN Subscription Required)

Judge gives US Airways time to negotiate
(DBN Subscription Required)

Firms Linked to Airlines Face Turbulent Times
(DBN Subscription Required)

UAL Directors Take Fees in Stock, Saving Airline Some Cash
(DBN Subscription Required)

Gephardt says US airlines may need help downsizing
(DBN Subscription Required)

Judge Continues Hearing On US Air Bid To End Labor Pacts
(DBN Subscription Required)

US Airways wants flexibility on aircraft leases
(DBN Subscription Required)

Hooters not clear on Vanguard Airlines bailout
(DBN Subscription Required)

Bankrupt Midway Airlines to Auction Equipment
(DBN Subscription Required)

Outlook for U.S. airlines gloomier now than ever - Loss estimate revised upward
(DBN Subscription Required)

UAL Weighs Asking U.S. for More Time to Seek Loan
(NYT: separate free registration required)

United seeks extra time as CEO tries to cut labor costs
(DBN Subscription Required)

US Airways pressures mechanics
(DBN Subscription Required)

___________________

Steel:

Bethlehem retirees impacted
(DBN Subscription Required)

Steelworkers fight for pensions at rally
(DBN Subscription Required)

Retirees, steel-makers spar over retirees' health care
(DBN Subscription Required)

________________

Prepare For ‘Chain Gang Al' As Feds Begin Probe
(DBN Subscription Required)

Consolidated Freightways Could Have Trouble Meeting Its Payroll Obligations
(DBN Subscription Required)

Food Center sold, but staff still without severance pay
(DBN Subscription Required)

Law Firms:

Citigroup lawyer takes on chairman and CEO role
(DBN Subscription Required)

Dentons makes six "redundant" in corporate
(DBN Subscription Required)

Legal eagles in turf wars
(DBN Subscription Required)

Law firms Nixon Peabody, Hutchins Wheeler agree to merge
(DBN Subscription Required)

____________________

Budget:

Bankruptcy Court Shuts Down Ryder Suit Against Budget
(DBN Subscription Required)

Budget wins OK for proposed sale
(DBN Subscription Required)

___________________

Napster goes to its grave as US bankruptcy court blocks sale
(DBN Subscription Required)

Former DCT owner files personal bankruptcy
(DBN Subscription Required)

Energy:

PG&E bankruptcy judge to hear motion on voting
(DBN Subscription Required)

PG&E bankruptcy judge sets hearing date
(DBN Subscription Required)

__________________

Board votes to support lawsuits - Supervisors unite against bankrupt Halaco
(DBN Subscription Required)

Adelphia, Enron and WorldCom: the key to the stock slump
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No 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)

Capitol Communities Corporation Subsidiary Emerges From Chapter 11
(DBN Subscription Required)

TransCare to submit pre-negotiated plan
(DBN Subscription Required)

Enron:

Attorneys' Fee Request Opposed in Enron Bankruptcy
(DBN Subscription Required)

Portland workers take on Enron
(DBN Subscription Required)

Task force paces itself for results - Enron probe got pleas via tenacity
(DBN Subscription Required)

Enron Files Motion To Dismiss
(DBN Subscription Required)

Enron assets up for auction
(DBN Subscription Required)

_________________

No one wants vacant, bankrupt casino
(DBN Subscription Required)

Stephanie Wickouski, a Leading Insolvency Attorney, Joins Gardner Carton & Douglas' Washington, D.C. Bankruptcy Practice
(DBN Subscription Required)

Court Representative Asks Return of Some Owens Corning Vendor Payments
(DBN Subscription Required)

The Next Asbestos? Lead paint poses new legal threat for US companies
(DBN Subscription Required)

Conseco defaults on bonds
(DBN Subscription Required)

Bankruptcy Reform:

Baldwin Proposes Bill to Protect Family Farmers
(DBN Subscription Required)

Why is Congress so intent on helping lenders – and hurting millions of consumers?
(DBN Subscription Required)

Bankruptcy reform clouded by protest rights
(DBN Subscription Required)

__________________

Old Jore's bankruptcy in last phase
(DBN Subscription Required)

Banks may recoup a third of Sunbeam losses
(DBN Subscription Required)

Group Bids $50 Million for Fas Mart Convenience-Store Chain
(DBN Subscription Required)

England:

Insolvency practitioners push for more training
(DBN Subscription Required)

Generator's Cash Crunch Tests UK Nuclear Policy
(DBN Subscription Required)

British Energy faces administration
(DBN Subscription Required)

E & Y approves Railtrack bonuses
(DBN Subscription Required)

British Energy should be taken back into public ownership
(DBN Subscription Required)

_________________

Germany:

Bankruptcies rise in Germany amid weak economic growth
(DBN Subscription Required)

Bankrupt Kirch lines up buyers for stake in publisher of Germany's top-selling Bild newspaper
(DBN Subscription Required)

_______________

Hong Kong:

Phone Blitzes, Grasshoppers, Snakes - a Hong Kong Debt Collector's Day Is Never Done
(DBN Subscription Required)

____________________

Argentina:

Argentina: life after bankruptcy
(DBN Subscription Required)

Argentina May Seek Bankruptcy Protection For Banks
(DBN Subscription Required)

Government offers Argentines chance to swap trapped bank funds for government debt
(DBN Subscription Required)

Argentina eases hated bank deposit freeze
(DBN Subscription Required)

____________________

Korea:

Daewoo supplier ends freeze
(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. 

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