September 6, 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

         
No LLS for Hicks Muse
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Bankruptcy in America - The firms that can't stop falling
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AcoustiSeal files for bankruptcy protection
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WorldCom:

Targeting Ebbers
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More WorldCom exec in the dock
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Economy:

US stocks poised for a fall, economic data looms
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Congress asks for CSFB and Goldman papers
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Steel:

Steelmakers tout restructure plans to justify tariffs
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Consolidated Freightways:

Con Freight to Issue Paychecks
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CNF Inc. keeps on truckin'
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Enron:

Enron CFO's deposition OK'd in insurers' battle
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Enron Europe figure to pay back $546,000
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Judge Limits The Number Of Enron Workers For Surety Query
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Senator Levin on Saddam and Enron
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$153 million buys Cooper's company
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Kmart:

Martha Stewart: coming or going?
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Martha Mex connection
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Hawaii: Popular spa files for bankruptcy
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Nutritional Sourcing Noteholders File Involuntary Ch 11 Vs Co
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Household CEO Says Loan Losses Will Continue To Rise
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Court OKs Kaiser Alum Retention Plan Over Union Objection
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Scandal Column — Sept. 6, 2002
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Bankruptcy Reform:

U.S. Democrats voice backing for bankruptcy bill
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Citigroup May Pay $200 Million In FTC 'Predatory Lending' Case
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Phoenix: Receivership Sought for Camelback Plaza
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Restructuring Officers Respond to Corporate Distress Calls
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AimGlobal Reports Filing of Receiving Petition against Subsidiary
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Corporate Reform:

He Strikes Fear into the Hearts of Execs
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For MBAs, Soul-Searching 101
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  Airlines:

UAL Unions To Draft Alternative Plan
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Two Airlines Adopt 'Use Or Lose It'
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US Airways makes final stab at union concessions
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US Airways Tells Court Restructuring Milestones Met So Far
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New financing buoys National Airlines
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Dwindling air traffic spurs tougher ticket measures
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What's the future of air travel?
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National says financing package ready for judge
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U.S. Security Fees Weigh on Airlines
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US Airways Let Out of 67 Leases
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Brazil Government Unveils Airline Rescue Package Of Up To BRL1 Billion
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Napster to Try One Last Sale Auction; Bids Start at $6 Million
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Flutie Model Shop Still Open For Business After Flutie New York File Ch. 7
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Aladdin Gaming Has Court Nod To Extend, Reduce DIP Loan
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Burlington asks for more time
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The 'Ded Kitty' Bounces
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Sales, profits climb at Frank's Nursery
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Applebee's International Announces Court Extension of Approval Date for Sale of Apple Capitol Restaurants
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Eateries honoring Knapp's gift certificates
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Accounting:

Auditing's New Rules of Engagement
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EC agrees to E&Y acquisition of Andersen France
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IRS Cracks Down on Charity Reporting
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The new Buffett way - Billionaire Warren Buffett goes from value investor to vulture investor
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INSpire Insurance Solutions Files Plan of Reorganization
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CSFB banker pressed IPO buttons - Frank Quattrone urged more shares for ‘friends’
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NTL Wins Approval for Bankruptcy Reorganization Plan
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Energy:

Investors Uneasy, But PG&E Sees No Compromise With Calif
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US shippers protest Northern Natural Gas credit change - Claim it would usurp bankruptcy procedures
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Dynegy's Debt Cut Again By Moody's On Cash-flow Concerns
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Allegheny fires top trader on conflict of interest
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Moody's cuts NRG Energy, may cut further
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New Bankruptcy Opinions
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Bankruptcy Jobs - 202 Jobs - Last Updated Septemeber 3, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

Global Crossing to slash value of its holdings
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Globalstar Creditors' Committee Ends Restructuring Pact
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Canadian courts approve 360networks' plan
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VersaTel Says U.S. Court Supports Restructuring Plan
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Qwest Ratings Cut by Moody's Despite New Bank Loan
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Local Phone Execs to Talk Policy with White House
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Former Crazy Shirts owner’s creditors take plan to court
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Bankruptcy Court Authorizes NationsRent To Hire CEO
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Law Firms:

Shearmans loses US bankruptcy head
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Latham, Pillsbury joust over partner
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Powerful Relationships
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Pillsbury Pounds Ex-Partner as He Moves to Latham
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White Plains Beats Out Jersey City for Skadden Arps
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Portland attorneys join Atlanta firm
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There's Something Funny About Firm's Recruiting Web Site
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Big cases don't always mean big firms in the courtroom
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British Firm Says US Merger at Least Two Years Away
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Firms Are Reluctant to Match Raise for First-Years
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More marketers win their case for a place in law firms
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Firm Goes on European Hiring Spree
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Filing for bankruptcy unwise first step to resolve debts
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England:

British Energy facing insolvency
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British Energy Likely to Receive Government Aid, Analysts Say
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Jordan's Assets Under Threat
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Fizz runs out of Bucks
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Germany:

Experts decry plans for 'balance-sheet police'
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Japan:

Moody's adds to Tokyo blues
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Korea:

Time frame for Hynix sale set
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com