September 19, 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

         
Bankruptcy Reform:

Good intentions gone awry
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Bankruptcy Reform Bill in Jeopardy
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Banks seek clarity from Moody's,S&P on convertibles
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Advanced Lighting reports default
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Telecoms:

Forstmann says Bankruptcy Code ties it to XO deal
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Knology Broadband Proceeds with Reorganization;
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Birch Telecom reorg OK'd
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Court Approves Birch Telecom's Plan Of Reorganization
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Global Crossing May Pay $114 Million to Settle Dispute With Lucent, Nortel
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House Panel Seeks Answers on Telecom Swap Deals
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MobilCom bailout not a done deal
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Congress Closing In On Qwest
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Telecom survivors are evolving
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Investigators Say Global Crossing, Qwest Withholding Info
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'Voices' Coalition Statement on Telecommunications Industry Letter
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Mark Nutritionals to Reorganize, Files for Chapter 11 Protection
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Dade Behring:

Judge OKs Dade Behring reorg
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Dade Behring confirmed
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State agencies unite to close records loophole, punish bankrupt Meyer Medical
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Adelphia:

Auditor general looks into state contract with Adelphia firm
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Satellite Competition Joins Host of Problems Adelphia Faces
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  Political upheaval
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Letter from Delaware: Retiring a raw deal
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Airlines:

UAL can revise loan application with union input
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With employee concessions in hand, US Airways now can turn to lenders, lessors
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Airlines worry about potential financial pressures
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Delta Sees Possible Job Cuts Ahead
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Alabama pension fund offers to invest $240 million in US Airways
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AIG's American International Companies Introduce New Liability Coverage Dedicated to Independent Board Member Risks
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Halliburton Asbestos Plaintiffs Agree to Extend Current Stay on Asbestos Claims
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Beware of Steel and Airlines
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Funsters casino files to reorganize in bankruptcy
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Metals USA Announces Bankruptcy Court Approval for Solicitation of Its Plan Of Reorganization
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Steel:

Sordid Steel Shenanigans
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Acme Metals May Have Two Bidders
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National Steel broadens search for buyer
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Merger Negotiations between National Steel Corp. and U.S. Steel Corp. Restart
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Citigroup taking fire from all sides
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Accounting:

FASB, IASB discuss convergence of accounting standards
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Electronic Bankruptcy Filings Imminent in Northwest Ohio
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WorldCom:

WorldCom SEC report could add $2 bln in errors
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More Cuts Due After JP Morgan Slump
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Patience for J.P. Morgan Wears Thin
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Martin Industries flames out
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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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DIP Dimensions: SLI Inc.
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Notice of Lodging of Settlement Agreement Pursuant to RCRA and the Bankruptcy Code
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H&W converts bankruptcy case to Chapter 7
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Energy:

PG&E Corp. tries to sell National Energy Group
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Enron:

Enron gearing up for asset auction
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Lawsuit Filed Versus Alliance Cap Management Over Enron Investment
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Prosecutors contest freeze on Kopper's account
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Merrill fires two involved in Enron probe
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Only one of five Enron guys wouldn't show his stuff for Playgirl

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Six depart from SpectraSite board
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Bankruptcy judge deals setback to Clarks
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Law Firms:

Firms Take IP Practices Worldwide
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Firm Lays Off Lawyers and Staff
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Freeze Order Sought against San Diego-Based Business Software Firm
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Bankruptcy court approves Houlihan's reorganization plan
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Australia:

Australia tightens corporate rules
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Korea:

Daewoo Motor creditors in debt write off
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Japan:

Corona Files For Bankruptcy Protection
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BoJ takes huge gamble
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