September 12, 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

         
Airlines:

United to unions: OK, what do you propose?
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United Airlines Considers Requesting Deadline Extension on Loan-Guarantee
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United Airlines Adds "Use It or Lose It" Conditions on Cheap Tickets
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Full-Service Airlines Are "Basket Cases"
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Midway loan tough to secure
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Staying grounded - Americans cut back as air travel becomes more expensive, less convenient
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Northwest moves toward recovery
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Letter from Delaware: Something in the air
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SLI's $20 Million Interim DIP Loan OK -- If Fees Are Cut
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Steel:

Small recovery is welcome news for steel makers
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Bethlehem Steel's Salaried Retirees May Get Bigger Role in Health Panel
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Small steel firms against U.S. helping rivals' retirees
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New Bidder Joins Steel Firm Fight in Erie County, Pa.
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Reliance Steel buys unit of Metals USA
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Reliance wraps up Metals USA deal
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Reliance Steel pays $30 million for Metals USA business
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Sept. 11 Attacks Led To Jump In Bankruptcy Filings
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Consolidated Freightways' Retention Bonus Plan Raises Doubts among Workers
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Adelphia:

Bettman says Sabres could avoid bankruptcy
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Bettman reacts to comments on Sabres
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Watchdog Panel for Adelphia Communications Sought
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Golden Parachute Is $4.2m Bust For Rigas
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Adelphia Won't Pay Severance to Former CEO Rigas
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Energy:

PG&E's bankruptcy plan gains
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Texas Commission Fears Bankrupt Electric Company Will Leave Customers in Lurch
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New Power told to correct errors
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NewPower Committee Opposes Customer Refunds Without Court Approval
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Teddy Riley offers court a plan out of bankruptcy
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Bankrupt Developer Bradley not broke, judge says $32 million trust pays for many of his expenses, court finds
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Conseco Has Few Options After Defaulting on $2.5 Billion in Bonds
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  Sealed fate?
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Enron:

Squeaky Wheel Enron Creditor Wants Estate to Pay Its Legal Fees
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Enron Shareholders to Use Andersen Settlement to Pursue Banks
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PGE's fate uncertain
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Enron investors to pursue documents
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Document repository leased for Enron case
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Security Interests in Unregistered Copyrights Get Boost From Ruling
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Clean Harbors closes $299.3M Safety-Kleen buy
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Thousands tangled in web
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Kmart:

Letter questions internal Kmart probe
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Two Investors to Pressure Kmart To Speed Exit From Bankruptcy
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Telecoms:

FCC ready to act on NextWave license bids
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AT&T Canada to miss interest payments
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FCC May Cancel $16 Billion NextWave Spectrum Auction
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Let's hear McAuliffe
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GT Group gets extension
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MobilCom shares plunge 56% on fears of bankruptcy
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France Telecom Might Cut Off MobilCom
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WebLink Wireless Completes Financial Reorganization, Buckenham Named Chairman
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France Telecom set to cut support for MobilCom
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Scrap Metal Dealer Files for Bankruptcy to Save His Tampa, Fla., Home
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Accounting:

SEC Narrows Accounting Board List
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U.S. Threatens Crackdown on Havens
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Accounting Rules: Why Simpler Isn't Necessarily Better
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Budget Group bidding rules set
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Pittsburgh Symphony hints at Chapter 11 bankruptcy
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Settlement near for financial firm - Reorganization of bankrupt Stevens Financial Group would aid investors
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Jacobson's to shut down Sunday
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Sweeping charges expected for Tyco's ex-chief
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Fed president attacks morality of exec pay
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 203 Entries - Last Updated September 9, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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DIP Dimensions: Consolidated Freightways
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Weisel hikes base pay
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Bankruptcy Reform:

Labor and Christian Right Fight Bankruptcy Bill
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New bankruptcy bill, other creditor legislation
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Labor raises new objection to US bankruptcy bill
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LoPucki Commentary Supports Durbin-Delahunt Bill (click here for a transcript)

Overhaul The Bankruptcy Code
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Retailers Urge Approval of Bankruptcy Reform
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Wisdom Of the Terminator
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USW may appeal Kaiser's court-approved bonus plan
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Law Firms:

Assignment Process: Make It Work for You
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Brobeck loses partner to Gray Cary
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Chicago Law Firm Makes Name Hires for Corporate Sector
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Accounting changes spur legal advice
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Silicon Valley Partner Says Tech Boom "Not Coming Back"
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Lawyers Switching Firms And Making Partner
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Clifford Chance senior partner race sees first candidate fall
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Diamond Lil's Restaurant Files Chapter 11 Bankruptcy
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Group That Sold Properties To Panaco Opposes Some Cash Collateral Terms
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Losing Bidder Challenges Sale of Farmland Industries' Fertilizer Warehouse
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WorldCom:

WorldCom looks to outsiders for new chief
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Australia:

Twice bankrupt lawyer wins and heads back to bar
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Poland:

Elektrim on the road to bankruptcy
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Scotland:

Game on the brink of bankruptcy
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England:

EU Ponders Government Request For British Energy Rescue
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