September 9, 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

         
Asbestos:

Companies fear asbestos claims crisis
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The toxic time-bomb exploding throughout the corporate world
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Airlines:

U.S. Airlines, After Sept. 11, Expect More Pain Ahead
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Mothballed airliners cover the desert, ghosts of an innocent age
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New financing buoys National Airlines
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What's the future of air travel?
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Business traveler key to comeback
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9/11 one year later: For US Airways
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US Airways, CWA reach tentative pact on cost cuts
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US Airways eases new rules on non-refundable tickets
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Still up in the air
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Hooters Owner to Buy Airline Assets
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National Air details finance plan during bankruptcy hearing
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Office space: Next bubble to burst?
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Citigroup replaces head of Salomon division
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Economy:

Recovery Elusive Despite Gains
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AHERF whimper / Its former CEO is sentenced on a single count
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Telecoms:

Leap Wireless Comes Tumbling Down
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Adelphia to sell telephone units in 14 markets
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Remnants of Telecom Explosion Fade Away from Portland, Ore.
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Bargain-Hunting Amid The Rubble Of The Telecom Collapse
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Consolidated Freightways:

Consolidated Freightways recalls some drivers
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Truckers called back for final deliveries
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Consolidated Freightways' Interim DIP Financing Approved
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Consolidated Freight's Richmond, Va., Terminal Recalls Drivers to Ship Goods
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Bankruptcy Reform:

US House Leaders, Lobbyists Hunt For Bankruptcy Bill Votes
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Congress to Consider Tightening Bankruptcy Rules
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Lenders counterpoint bankruptcy reform
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Turnaround specialist says his 'product is me'
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Sunbeam:

Sunbeam to Change Reorganization Plan in Bid to Cut Debt
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Sunbeam Files Amended Plan of Reorganization With U.S. Bankruptcy Court
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Justice Dept. Starts Inquiry at Sunbeam
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Ailing Kaiser rewards execs
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Kroll acquires Zolfo Cooper
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Intellicorp Plans Chap 11 Reorganization
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Unlocated Creditors Have No Property Right in Interest

Law Firms:

PR Pros Amazed by Pillsbury Press Release
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Bittersweet Payday - Firms hold the line or trim associate salaries or bonuses to save cash
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Match Game - Morgan Lewis matches Dechert's pay hike
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Testa trims head count: As fresh crop of associates arrives, sources say technology law firm has used performance reviews in lieu of layoffs
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Outsourcing Non-Core Business Functions With ASPs
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In-House Texas
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Teflon Counsel - At companies plagued by accounting scandals, GCs have managed to avoid the fire and keep their jobs
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Four more attorneys leave Woodcock for Cozen
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For law, accounting firms: Lessons from soap sellers
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Firm Hit With Second Defection in a Week
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Firms Grow IP Practices Through Raids on Rivals
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Amid group restlessness, attorneys leap between firms
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Major N.Y. law firms often show minor expansion here: Weil Gotshal is the latest among New York law firm giants to open a local office
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Law firms, like other advertisers, face post-9/11 world
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Malama Spa files for bankruptcy
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Versatel:

Versatel: Holders 99.9% Of Debt Gave OK To Restructuring
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Versatel bondholders to get 80% stake
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FTC, states sue companies accused of credit scams
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Norfolk, Va., Bill Collector Hopes to Raise $50 Million from Investors
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Welch's Lavish Retirement Pact Angers General Electric Investors
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 203 Entries - Last Updated September 9, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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NationsRent names Ogle CEO
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Court OKs Frederick's Of Hollywood Disclosure Statement
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How to read signs that a company is burning through cash
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Enron:

SEC says suit over payments belongs in state
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Judge OKs deposition of Enron executive
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Enron Creditors Amend Suit Against Kopper; SEC Seeks to Move Case
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Crescent Operating tweaks pre-pack
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Florida's hot jobs market cools down
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Conseco May Prove a Large Risk for Asset-Backed Bond Market
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Giving credit where credit is due: Small-business owners find it can pay off to let collection agencies handle past-due accounts
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Monarch Dental Corporation Lenders Demand Immediate Payment of $63 Million
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Polaroid unit drops challenge to asset sale
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CEO Says One-Notch Rating Cut Wouldn't Hurt JP Morgan Much
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Bankruptcy court extends hearing for Applebee's purchase
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Daewoo Warranty Benefits Suffer as Company Struggles under Bankruptcy
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England:

Ministers agree British Energy rescue deal
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Marconi Debt Default Chaos Rocks British Markets
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British Energy to get 450m bail-out
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France:

Vivendi's CEO to Meet With U.S. Executives as Asset Sales Loom
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Hong Kong:

Bad debts keep bank profits down
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Japan:

Japanese jolted out of their charmed life
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Canada:

Secured creditors to feel General squeeze
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