September 20, 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:

O'Neill backs sovereign bankruptcies
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Group Opposes Bankruptcy Mechanism, Warns Of Poor Capital Flow
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Home, Sweet Debtor Haven
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Bankruptcy bill would make wiping out debt harder for consumers
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Airlines:

Alabama enters US Airways airspace
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United unions' plan for recovery not complete
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What to do in the face of a possible Chapter 11
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Pilots - Union Issue Update
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Vanguard Bid In Works
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Air sharing takes off
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Airlines Tell Congress War with Iraq Could Push Carriers into Crisis
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Pension fund ups the ante in bid for US Airways stake
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US Airways Suddenly Is a Hot Property
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Telecoms:

Global Crossing Seeks Approval to Settle Hundreds of Millions in Vendor Claims
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PE firms buy Teleglobe assets
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Congressman wins new subpoena power - Tauzin aims at Qwest, Global Crossing
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Teleglobe Selling Heart of Business to Beat Bankruptcy
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Investment banks 'steal' Teleglobe for US$155M
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Global Crossing staff queried swaps, e-mails show
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Executives Derided Global Crossing Deals
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Law Firms:

The Shortlist
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From Partner to General Counsel to Defendant
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DC Firms Piper, Verner Eyeing Merger
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Firms Shrinking Size of Attorneys' Offices
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It's Only Temporary
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Former Pillsbury Partner Hires Counsel, Will "Act Shortly"
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Raid to Launch Paris Office Hits a Snag
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White & Case secure Citibank hire
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Good Samaritan:

Large San Jose, Calif., Medical Group May Face Bankruptcy
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CEO will step down Oct. 1 from S.J. doctors group
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  Kmart Lawyers Get OK on $22M Fees
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Guilford plan approved
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Accounting:

Andersen sued over Trust
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SEC reviewing Switchboard Inc.'s accounting practices
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Internal Auditors: More Power To 'Em
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FASB and IASB Agree to Possibly Agreeing
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IRS Reduces Standard Mileage Rate
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J.P. Morgan, Citigroup Winning in Asset-Backeds
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Trouble At The Top
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Neil Fairweather joins Graydon Head & Ritchey creditors rights group
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WorldCom:

Restatement may not affect WorldCom bankruptcy
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Electronic Data Systems Feels Pain As Corporations Rein in Technology Spending
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Golf America Stores Inc. to go out of business
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WorldCom:

WorldCom to revise, again, size of accounting errors
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GCI says WorldCom payment reduces charges
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U.S. awarded $9.8 mln for breast implant injuries
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Asbestos Judge Charged With Taking Bribe

Enron:

Enron creditors can sue Andersen
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Creditors can go after money paid Andersen
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Pengrowth's Calpine deal shows post Enron bargains
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Lottery, Enron are similar in many unsettling ways
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Uniting the subsidiaries divides Enron's creditors
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Enron Trading Unit More Time to File Plan
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Bankruptcy court approves sale of Garden State Paper mill
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Casino files for bankruptcy protection
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Body Solutions bankruptcy could stall woman's suit
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Pinnacle gets lower exit offer
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Quadrini files for Chapter 11
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Rigases Want To Move Suit Against Them Out of Bankruptcy Court
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Russell artwork in hands of court
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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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As rising debt stretches consumers to the breaking point, Bankruptcies setting records
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Jacobson:

Final pieces of Jacobson sold at auction
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Hilco Real Estate Announces Results of Jacobson Stores Property Auction
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Jacobson auction fails to sell main offices, 2 stores
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Von Maur chain buys two Jake's
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Judge To Rule Soon On Exide Equity Holders Committee
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Corporate Reform:

Kozlowski free -- for now
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NASD plans to file charges against Salomon, Grubman
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Mass. refers CSFB inquiry to Spitzer
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Lenders Fear Stock Market Decline May Signal Return to Recession, According to Phoenix Lending Survey
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Wilkinson bankruptcies could be settled next week
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Energy:

Utilities to critique cash pooling rules at FERC
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Republican negotiators adopt electricity provisions
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Energy Merchant Sector Hasn't Hit Bottom
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Farmland Cred. Comm. Opposes Equity Panel
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Baldwin workers' claims for health care go unpaid
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Canada:

Lawyer in sting seeks debt relief
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Germany:

Poor economy stifles wanderlust
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Industrial plot alleged - Investor seeks damages in Babcock insolvency
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England:

Wave Goodbye to Bankruptcy
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