April 2, 2003 

Bankruptcy Reform:

Bankruptcy Reform Moved To Back Burner
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'Bankruptcy' System for Nations Fails to Draw Support
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Asbestos:

Grace Renews $250 Million Credit Facility
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Equitas, Honeywell, settle asbestos claims for $472 million
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Court to Weigh ABB's Unit Reorg Plan April 24
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Energy:

Refinancing Lifts Reliant's Credit Rating
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Reliant convinces banks to restructure debt
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FERC Approves Governance and Financial Reserve Features of California Power Exchange Reorganization Plan
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Telecoms:

Hutchison clutches at Global Crossing
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Sprint's affiliates press for fee relief
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Allegiance Telecom/Going Concern: Cites Losses From Ops
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Action 'needed to defend world economy'
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HealthSouth:

HealthSouth's Legal Problems Ripple Across Its Hometown
(NYT: separate free registration required)

HealthSouth Corp. delays annual report
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HealthSouth Probe Looks at Start-Ups
(WSJ: separate paid subscription required)

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SonicBlue:

Sonicblue pins hopes on auction
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Sonicblue Fails to Close ReplayTV Deal with D&M
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Venture workers scramble after Chapter 11 filing
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Accounting:

SEC votes to bolster authority of audit committees
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US regulators eye Europe's auditors
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Auditors inoculated against corporate heft
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Group Management Corp.: Reorganization Update
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Philip Morris:

Philip Morris fails to reach deal on lower appeal bond
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Up In $moke
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Philip Morris USA warns it might not make payment
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Once Tobacco Foes, States Are Hooked
(WSJ: separate paid subscription required)

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Enron:

Enron's creditors lose bid for control of $1 billion case
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Enron Creditors Panel's Motion To Sue Whitewing Denied
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Indian lenders urge DPC restructuring
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Conseco Seeks $25M Credit Facility Extension on DIP
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Hockey:

Beloved Bryden bids adieu
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Buffalo politicians back Golisano bid to buy Sabres
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Bryden thanks Sens fans
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Kmart:

Kmart names new board of directors
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2500 pilots 'axed to save airline'
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AMR Pilots See Furloughs in Wage-Cut Deal
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AMR Shares Soar, but Analysts Warn
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Now The Hard Part Starts - American Airlines' Unions Have to Educate Members on Concession Agreements
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Amer Airlines Will Use Grace Periods For Certain Debts
(WSJ: separate paid subscription required)

Rivals Likely to Imitate American's Stance on Labor
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Union saves American from bankruptcy
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Unions to lose thousands of jobs in American cutbacks
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Air Canada goes south up north
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Air Canada files for bankruptcy protection
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Angry Air Canada boss hits at unions
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Statement by CUPE on Air Canada Filing
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Flyers not floored by airline's woes
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Air Canada Files in Toronto For Bankruptcy Protection
(WSJ: separate paid subscription required)

Air Canada files for bankruptcy protection
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Air Canada To Emerge From Bankruptcy Smaller, Leaner
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Air Canada Seeks Bankruptcy Relief - Company lists 12 billion Canadian dollars of liabilities
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Air Canada is insolvent
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Air Canada, Onex scrap deal for sale of Aeroplan stake
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Ottawa says Air Canada rejected aid offer, instead sought private help
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Filing gives airline breathing room, observer says
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Court filing only the beginning
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Air Canada forced to find solution to fix underfunded pension plans
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Air Canada flies into uncharted territory with request for court protection
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Airlines face worst downturn, expert says
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Restructuring Is Under Way, But Airline Problems Persist
(WSJ: separate paid subscription required)

Can Anything Fix the Airlines?
(Business Week: separate paid subscription required)

Delta's Low-Cost Carrier Song Launches
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US congress seeks $3.2bn war aid for airlines
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A New Airline Policy: Kill United
(WSJ: separate paid subscription required)

Delta, Northwest next in line asking for pay cuts
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War forces hard choice on airline employees
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State Says Aloha Owes Nearly $1M
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Hawaiian Airlines Criticizes Petition By Boeing
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Committee to oversee Hawaiian bankruptcy
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Feds take over US Airways pensions
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Bush Comes Up Empty on Airline Policy
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Getting the Carriers Back in the Air - What's really needed is a new business strategy
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SARS Fears Add to Airlines' Woes
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UAL Bond Strategy Could Prove Costly To Others
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U.S. committees OK airline help
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Bankruptcy-Reporting Process to Be Refined
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Houston-Based Fire-Fighting Company Says Fires Were Fewer in 2002
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Biotech Files for Bankruptcy, Puts Plans to Move to Charleston, S.C., on Hold
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Hawaii bankruptcies tumble
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Prandium Restaurant Chain Struggles to Stay in Business
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Fleming:

Fleming Files for Bankruptcy Protection
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Fleming files for Chapter 11
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Fleming Chapter 11 Filing Leaves Big Questions Unanswered
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Grocery distributor Fleming files for bankruptcy protection
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Kmart loss bankrupts Fleming
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Fleming/DIP Loan: Prepetition Lenders May Participate
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NYSE Suspends Trading In Fleming Cos
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Fleming first big victim of Kmart's woes
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Food, Consumer Cos. Reviewing Dealings With Fleming
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Some Fund Managers Stuck By Fleming Cos To Bitter End
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HomeGold spins into Ch. 11
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San Diego Software Firm, Creditors Told to Resume Talks
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Hauser Inc. Files Voluntary Petition for Chapter 11 Reorganization
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Law Firms:

Pillsbury Settles With Frode Jensen
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Pillsbury makes public apology to Jensen
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California Law Firm Changes Name
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Coming to Terms - State justices to decide on standard of proof for transactional malpractice
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Finders' Fees Test Case
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Beverly Hills attorney shoots paralegal, self at law firm
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Corporate Greed Leads to Cash Flow Crunch for Class Action Law Firms
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Powell Goldstein Names Six New Partners; Six Counsel
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Steel:

National Steel Sees Pension Agency's Claim At $760M-$1.6B
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Geneva Steel Retains Casey Equipment to Assist in Equipment Sales Efforts
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Weirton still seeks health cut
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Banks' Increasing Use of Swaps May Boost Credit-Risk Exposure
(WSJ: separate paid subscription required)

Desert Hot Springs told to compile assets
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Wall Street:

Regulators Probe Morgan Stanley
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Losses continue at bankrupt Alterra
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Canada:

Personal, business bankruptcies rise in January
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Australia:

Insolvency Notices
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England:

80% not ready for an emergency
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Korea:

Liquidity crisis looms for Korean card firms
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