Big-business
bankruptcy costs big bucks
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Severance
packages criticized
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Airlines:
United's
Union to Offer Alternative Recovery Plan in Coming Days
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National
Airlines close to exiting Ch. 11
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United
Airlines May Delay Announcement about Possible Bankruptcy
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United
unions coming up with proposal by Sept. 19
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Hooters
chief’s bid for Vanguard not a sure thing
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Deadline
for United to File More Data Supporting Its Aid Request Moves Back
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E-tickets
ousting paper, like it or not
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United
faces tough call on bankruptcy
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Nonrefundable
ticket means what it says
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Squeeze
play - New fees and restrictions imposed by big, money losing airlines
could alienate the customers that carries need to bounce back
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War
will 'tip airlines into crisis'
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United
Unions to Offer Concessions
(NYT: separate free registration required)
National
bankruptcy plan progressing
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United's
Union Plan to Miss Deadline
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Taking
Credit Where It Wasn't Due? - Holbrook company included in civil suit
filed by FTC
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Law
Firm's Plea To Quit Wilkinson Bankruptcy Rejected
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Bankruptcy Reform:
House
Tables Bill Targeting Pro-Life Demonstrators
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UAW
and abortion (scroll down)
(DBN Subscription Required)
Bankruptcy
Bill Thoughtfully Includes a Loophole for the Rich
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U.S.
Congress Expected to Toughen Bankruptcy Laws
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Bankruptcy
bill stalled
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Fannie,
Freddie, Others Decry Sen. Durbin Bankruptcy Bill
(DBN Subscription Required)
Millions
in Mansions
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New
rules could make it tougher to shield millions in mansions
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U.S.
bankruptcy bill backers say setback serious
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Economy:
Capital-Spending
Hopes Are Clipped by Economy
(WSJ: separate paid subscription required)
_________________
WorldCom:
Where
will the road lead?
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Tishman
bids $101M for WorldCom office
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WorldCom
Plans to Sell Virgina Real Estate for At Least $101 Million
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WorldCom
monitor reportedly tells executive to repay
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WorldCom
to Cut Foreign Jobs
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"I
believe God has a plan for people's lives, and I believe he had a plan
for me"
WorldCom
director targeted
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WorldCom
seeks to end advertising deal with AOL
(DBN Subscription Required)
_________________
US Diagnostic:
US
Diagnostic's prediction true
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US
Diagnostic Inc. Files for Chapter 11 Bankruptcy Protection
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_____________________
Energy:
U.S.
energy industry rewrites accounting rules
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As
Blackouts Hit California, Traders Manipulated Market
(WSJ: separate paid subscription required)
Williams
Cos. Addresses Allegations about $900 Million Loan
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____________________
Sterling
Chemicals Files Second Proposed Joint Plan of Reorganization
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Asbestos:
Owens
Corning suit breaks new ground
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Asbestos
deal to reduce cash for milder cases
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G-P's
profile rises as others fall
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__________________
Bankruptcy
Court Approves Denton County Electric Cooperative -d/b/a CoServ
Electric- Reorganization Plan
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Bankruptcy
Judge Approves Plan for Grapevine, Texas, Vineyard
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Lien
for Mortgage Deficiency Was Avoidable
Former
Baldwin workers still seeking severance pay
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Bankruptcy
practice now more lucrative
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Internet
flameout burns firms anew: MarchFirst paid millions to Bay Area
companies; now it's payback time
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The
Life of a Vulture - Distressed debt is for high rollers like David
Matlin. Should small investors dare to get in on this risky pursuit?
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Telecoms:
Venture
Asset to squeeze Exodus
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Germany
bails out Mobilcom
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France
Telecom Stops Funding to MobilCom, Posts Huge 1st-Half Loss
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Teligent
Faces New Sober Reality
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Future
still unclear for MobilCom
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Embattled
SpectraSite Faces Test
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Telecom
firm WCI emerges from bankruptcy
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Global
Crossing to file reorg plan
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Communications
problems leave Michel Bon as just one of the casualties
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Cash
on the way for Broadwing?
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Global
Crossing to File Reorganization Plan Monday
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GT
Group Gets Further Extension To U.S. Court Protection
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Telecom
Slump Continues
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Morgan
AT&T Canada's 3rd adviser
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Telecom
Act blamed for industry rise, fall - Panelists agree recovery could take
up to 18 months
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Group
Telecom granted extension in U.S.
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Adelphia
Communications Reports $72 Million Net Loss For July To Court
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No
Bottom in Sight
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Lucent
says sales likely will plunge
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Universal
Service Fund Faltering Under Pressure
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______________
The
Check Is Not in the Mail - More tales of the misfortunes that befall
Meshulam Riklis' creditors
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Enron:
Court
Picks Up the Tab for Enron Witnesses
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Enron
Is Center of U.S. Probe Of Alleged Power-Price Fraud
(WSJ: separate paid subscription required)
Congress
digs deeper on Enron, case seen expanding
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J.P.
Morgan, Insurers Head For Trial
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Enron
probe targets law firms in UK
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As
deadline closes, Hines in game to buy Enron tower
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Enron
project fizzles
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Going,
going, gone: Auctioning Enron
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Morgan
Suffers Setback in Fight With Insurers Over Enron
(NYT: separate free registration required)
Big
fine urged over New Power bills
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________________
Of
pirates and porn - Maybe pornographers can do what the record industry
couldn't -- make Napster work
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US
companies subject to debt markets' great divide
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Steel:
Geneva
Steel Holdings Commences Chapter 11 Proceeding
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Bethlehem
Steel Retirees Gain Voice in Restructuring
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_________________
House
of cards piled atop employees - Before there was Enron, before there was
WorldCom, before there was Global Crossing . . .
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Big
loans in this shaky economy put businesses on borrowed time
(DBN Subscription Required)
Corporate
Reform:
Lobbyists
able to get pension reforms watered down
(DBN Subscription Required)
'This
is greed beyond comprehension'
(DBN Subscription Required)
___________________
Adelphia
Gives Some Results for 2 Months
(NYT: separate free registration required)
Rivals
to pick up Consolidated workers: Terminal, customer base remain up for
grabs
(DBN Subscription Required)
For
Creditors, the Toy Chest Is Bare (scroll down)
(Business Week: separate paid subscription required)
U.S.
Companies Still Awash in Debt after Late 1990's Boom in Borrowing
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PurchasePro:
Owner
Casts PurchasePro As 'Shell'
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PurchasePro
will lose name, little else in bankruptcy
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__________________
Tyco
to make public report into directors
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New
Bankruptcy Opinions
(No new opinions today)
Bankruptcy
Jobs - 199 Jobs - Last Updated September 16, 2002
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Bankruptcy
Court Web/Pacer Site Directory
Weird
News
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Foreclosures
foreshadowed: Lenders fire warning shot
(DBN Subscription Required)
Accounting:
Andersen/Baptist
Settlement: Appeal Could Delay Payout
(WSJ: separate paid subscription required)
Accounting
Reform Brings New Opportunities -- And Upheaval for CPA Firms
(DBN Subscription Required)
Arizona
Judge Gives Final OK to Andersen/Baptist Foundation Settlement
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When
a Business Stands in the Dock - Conviction isn't the end of the world
(DBN Subscription Required)
Employers
are moving away from offering big pay deals to hang on to their IT
staff, and offering training and lifestyle benefits
(DBN Subscription Required)
Andersen
Worker Turns Job Loss Into Inspiration for Musical Comedy Sketch
(DBN Subscription Required)
IRS
Hones Audits on Evasion Schemes
(DBN Subscription Required)
Accountants
Suffer Loss of Prestige after Downfall of Andersen
(DBN Subscription Required)
_________________
Conseco
Preferred Holders May Have Eye On Thomas Lee
(DBN Subscription Required)
Burlington's
Ameritex files reorganization plan
(DBN Subscription Required)
SLI:
Bankruptcy Court OKs $20 Million Interim DIP Financing
(DBN Subscription Required)
MPTV:
Laguna
Hills, Calif., Time-Share Developer Files for Bankruptcy Protection
(DBN Subscription Required)
MPTV's
Lake Trop LLC Files Chapter 11
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_________________
Court
Grants Newcor More Time To File Reorganization Plan
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Analysts
debate debt bubble - not all borrowing is bad
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Out
of the bunker: When a company’s in crisis, share information early and
often, experts say
(DBN Subscription Required)
Loco
Lupe's restaurants seek Chapter 11
(DBN Subscription Required)
Law Firms:
Planning
for growth and gaining competitive edge
(DBN Subscription Required)
Firms
to pay young lawyers to walk or defer
(DBN Subscription Required)
From
investor fury, a legal bandwagon - lawyers jump into business of suing
firms over shareholder losses
(DBN Subscription Required)
Law
firms adjust to the increasing influence of women attorneys
(DBN Subscription Required)
Houston
energy prospects attract 100-year-old New York law firm
(DBN Subscription Required)
Polishing
the Image - Lawyers appear low in public status, moving some bar groups
to action
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A
new breed of law firm: Booth & Wright depends on technology to
operate in 'virtual' manner
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Firms
Can Monitor Internet and E-Mail Activity
(DBN Subscription Required)
FTSE
100 fallout hits magic circle
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IP
litigation partners' departure is the latest loss for Brobeck firm
(DBN Subscription Required)
Choosing
corporate attorney is an art, science
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Coudert
Bros. cuts jobs, moves San Jose staff to Palo Alto
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The
Perfect Fit: Dissatisfied Female Attorneys Start Own Firms
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Birmingham
bound: Out-of-state law firms see city as good place to do business
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____________________
Austin:
Restaurant owners say Sept. 11 attacks led to Ch. 11
(DBN Subscription Required)
LeapFrog
acquires KA.net: Move brings KA.net out of Chapter 11 protection
(DBN Subscription Required)
Korea:
Daewoo
Restructuring Plan Wins Backing From Court
(WSJ: separate paid subscription required)
___________________
Poland:
Elektrim
succumbs to bankruptcy
(DBN Subscription Required)
Polish
Elektrim Files For Bankruptcy With Warsaw Court
(DBN Subscription Required)
Elektrim
saga reaches climax with bankruptcy
(DBN Subscription Required)
__________________
England:
Pressure
grows for British Energy deal
(DBN Subscription Required)
Credit
card debt to increase personal insolvency
(DBN Subscription Required)
_________________
Canada:
Liquidator
drops claim against Dylex, agrees to pay former BiWay staff
(DBN Subscription Required)
Student
loan relief can be hard to come by
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