September 30, 2002 

Mars Music chain hits sour note, files bankruptcy
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Warren Electric files for Chapter 11
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Fragile recovery may feel strain of 'debt bubble'
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Napster:

Trustee to manage Napster during bankruptcy
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Bertelsmann boogies for Napster cash
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Napster Nears Sale of Assets, Avoids Chapter 7 Closure
(WSJ: separate paid subscription required)

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Companies bemoan competitors' ease of hiding in Chapter 11
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Bankruptcy Stay Denied for State Claim
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Getting Laid Off Hurts Worse When Employer Is Bankrupt
(WSJ: separate paid subscription required)

Enron:

Enron Report Casts Harsh Light on Lawyers
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Enron's 'SPE' Transactions Raise Questions on Roles of Executives
(WSJ: separate paid subscription required)

Report: lawyers negotiate Fastow surrender
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Plaintiff wants Enron documents disclosed
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Employees of subsidiaries included in severance deal
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MSP's son may avoid Enron fraud charges - Extradition of banker in million-dollar case is delayed
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The energy analyst Enron couldn't buy
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PGE races to hand out bonuses
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Alliance forms for PGE
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Selling Jacobson's
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Judge Won't Lock the Stable Until Horses Have a Home
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Airlines:

Bankruptcy best option for UAL?
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United Airlines still on S&P credit watch
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Alabama pension fund takes road less traveled
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Airlines fear war would hit them savagely
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Vanguard suitor woos other airline
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Despite turbulence, frequent-flier miles should survive
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Delta nearly doubles 3rd-quarter loss forecast
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Patriot Air files for bankruptcy just 11 months after launch
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Bankruptcy Judge rules creditors can collect from Shilo
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WorldCom:

Myers: I Knew It Was Wrong
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Trustee to manage Napster during bankruptcy
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Judge Tables Adelphia Shareholder Lawsuits
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Fix law: Asbestos suits soar, but illness doesn't
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Corporate Reform:

World finance leaders pledge stronger corporate disclosure requirements
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How Bankers and Brokers Could Get Bruised
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Tyco Case May Pit Board Vs. Execs
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SEC Seeking Deal to Separate Banking Functions
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Boards Wise Up
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Communication Dynamics, Inc. Receives Approval of First-Day Orders in Connection with Voluntary Chapter 11 Restructuring
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Pinnacle Holdings Gets Disclosure Approval
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Energy:

Banks plug into power trading sector as energy companies exit
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Denver: Financial adviser Will Hoover seeks Chapter 11 protection
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Troubled firms are old hat for Tower CEO
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'Roller coaster' circumstances ruined egg farm
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As stock market bust shrinks pension funds, some companies face huge contribution tab
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Banks adjust to new rules designed to weed out terrorists
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Bankruptcy Reform:

Aborting Bankruptcy Reform: It Has a Prayer
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Lobby Groups Press On Bankruptcy Bill
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Key Legislation Falling Victim to Calendar
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Senators continue to push bankruptcy reform
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Florida's luxury-home loophole could soon get a little too tight for comfort
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Crippling debt and bankrupt solutions
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The shelter state
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A Floundering Smear Campaign and Battles on Abortion
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Brown signals nations 'close' to bankruptcy law deal
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Analysis: IMF's 'state bankruptcy' plan
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Emerging Markets Shrug Off Debt Proposals
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Mexico, Brazil oppose new bond default rules
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Bold IMF global debt relief plan / Nations could declare bankruptcy
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'Sovereign bankruptcy' plan wins US backing
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IMF directed to develop a dramatic new approach to debt crises
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Brown says tough discussions took place on intl bankruptcy plan
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IMF proposes to permit bankruptcy for countries
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Panel Orders IMF to Develop Debt-Prevention Mechanism
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Telecoms:

NextWave case on thrilling Supreme Court docket
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NextWave case set for early in Supreme Court's upcoming term
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Put Nortel out of our misery
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Triton may be let off the hook because of NextWave dispute
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Can mergers save telecom?
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Ailing telecom industry needs a path to recovery
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Telecom firm QCI shuts its doors
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Some say bandwidth prices set to rise following failures of large players
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'There oughta be a law' -- and so there is - New State law requires bankrupt stores to continue to honor gift certificates
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Closing card accounts could hurt credit score
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Ambulance company files for Chapter 11 protection
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Can bankruptcy be an unfair advantage?
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Dispute Pulls Sunol Glen's Charter School To Edge Of Bankruptcy
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Spokane: Taco Time owner seeks bankruptcy protection
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Accounting:

Arthur Andersen, Tarnished by Enron, Loses an Old School Tie
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American Tissue blames Andersen for its bankruptcy
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Levitt reveals all on auditor independence
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Andersen faces US tax inquiry
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Alternative Tax Can Be a Big Blow to Many
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FASB's Role Not Changing
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Bay State CPAs seemingly unworried about liability
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U.S., Canada, Mexico, Ink PMRA Pact
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Probe of Tyco Is Expanded To Include Its Auditor PwC
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Marriott, Pinnacle look at bankrupt Aladdin
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Investment Banks Expected To Layoff More Staffers
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Brutal quarter causes banks to look under rocks
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DJM Asset Management to Market 33 Golf America Stores Locations
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Landlords bearing brunt of current down environment
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NII Holdings, Inc. Announces Postponement of Confirmation Hearing
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Kmart To Exit Bankruptcy Next Summer
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David Simonini properties go on block in foreclosure
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New Bankruptcy Opinions
(1  new opinion today)

Bankruptcy Jobs - 207 Jobs - Last Updated September 30, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Law Firms:

NY Firms Win $37 Million In "Unusual" Fee Award
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Firm Roped in Larger Summer Class, Then Denied Many Associates Offers
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Women taking the lead in the legal-marketing realm
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Law firms face rough financial outlook
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Firm Taps Associate Hire to Launch Practice in London
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Schnader Harrison Parts Ways With Boston Firm
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NY Firm Forms London Alliance
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Schnader's Boston office to undo merger
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Tech fallout hit law firms, too
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French Provincial No More - An influx of newcomers is transforming Montreal's sedate legal market into a U.S.-style free-for-all
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Many factors determine the right fit when law firms merge: Planning well in advance and involving all parties means a smooth transition
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Credit-card debt pushes bankruptcy filings to new levels
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Former Dorm's Shift to Hotel Triggers Creditor Lawsuit
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DE: UST wants Radisson hotel deal liquidated
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Union accepts Sterling Chemicals offer
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Sifting ashes of Garden Way
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District Court Enjoins Bad-Check Prosecution

Biotech survivors go shopping
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WorldCom:

WorldCom Works On DIP
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WorldCom failure pressures industry - Fiasco highlights need to review bankruptcy law
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Court orders MCI buildings on block
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EDS Tries To Hold WorldCom To Contract Terms
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Experts Debate Bankruptcy Policy, Many Worry Scandal-Plagued WorldCom Will Be Rewarded
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The Breakdown in Banking - Trust is eroding, and profits may follow as business models falter
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Under the Pennsylvania Bankruptcy Act of 1785, a bankrupt man might be ordered to stand for hours in a public square, an ear nailed to a pillory and then cut off
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Russia:

State Duma has passed law "On insolvency"
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Duma passes Putin-backed bankruptcy law
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Italy:

Bankruptcy of Florentine club is formally declared
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Mexico:

AHMSA creditors seek bankruptcy ruling
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England:

Telewest urged to make new bondholders deal
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Equitable Life mulls second, 75 mln stg guaranteed annuities settlement
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Japan:

Confusion surrounds Japan's bank plan at G7
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Panel calls for drastic review of bankruptcy law
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Korea:

Korean Court, Creditors Clear Daewoo Motor's Reform Plans
(WSJ: separate paid subscription required)

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