April 23, 2003 

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

         
Airlines:

Another Airline Union Weighs In
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Boneheads Of The Month
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One Little Mistake Sparks Fury And Mistrust at American Air
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AMR unions edge toward rebellion
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A Matter of Trust
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AMR Can Still Avoid Bankruptcy, Reach Union Deals
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Betrayal At American Airlines
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American Air unions map strategy
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Airline Chief Faces Problems
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American a 'classic' case study
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American Airlines Scrambles to Dodge Bankruptcy
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AMR's Carty faces crisis
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American slip-up may be beyond repairing
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Northwest to cut management pay and benefits
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AmWest OK for now, chief says
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Turbulent skies
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Value of a used plane
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Judge reins in Air Canada
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Air Canada Announces Restructuring Timetable
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Air Canada: Unions See Minor Victory In Ruling
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Lawyers haggle over Air Canada's financial future
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Air Canada May Seek More Layoffs to Slash Costs
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Too many lawyers to count
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Airline in holding pattern
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Swiss seeks fresh credit lines
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Hawaiian Air may swap out planes, crew
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Hawaiian wants airplane lease options
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United Air Likely to Meet Loan Targets
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HeathSouth:

House Panel Launches Probe Into HealthSouth
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Congress to now look at HealthSouth, Ernst & Young
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Wilbur Ross Confirms 'Small Position' In HealthSouth Debt
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Agway puts remaining units on block
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Reservists under economic fire
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Asbestos:

An Inactive Asbestos Docket: Understanding The Risks
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Bankrupt Federal-Mogul files disclosure papers
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Bankrupt Federal - Mogul Narrows Net Loss
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Shilo Inns emerges from Chapter 11
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Healthcare Integrated sale is approved
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  Enron:

Can you wait a bit longer?
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Enron Signals Restructuring Plan Changes
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Enron undecided on Portland General unit
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Patience of Enron bankruptcy judge not unlimited
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Kmart:

Kmart gets court approval for bankruptcy plan
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Kmart Officials 'Jubilant' at Ruling
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Law Firms:

The Value of Teamwork
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Coudert US partners stage boardroom coup
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Latham & Watkins in fresh raids on Linklaters and Simmons
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NY Firm Closes
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SJ Berwin uses US contingency fees to battle for UK investors
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Survey shows big City firms are flexi-friendly
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DC Firms Aims to Double Size of NY Office
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McDermott partners set to do battle over the top spot
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Firm Scores Coup as Litigator Defects to Launch New Office
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America's In-House Counsel Strongly Concerned with Corporate Governance and Tightened Purse Strings
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Backlash Grows Against Excessive Retirement Perks
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Steel:

Court OKs Bethlehem's sale to ISG
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Labor Plays Role in Nat'l Steel Bidding
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Restaurant chain to restate a third year of earnings
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Former CEO of MarchFirst to Close Deal on Chicago-Based Consulting Firm
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Exec to regain Whittman-Hart in $6 million bankruptcy sale
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Energy:

SEC Joins Probe Into Round-Trip Trading
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Florida Philharmonic may file for bankruptcy
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Chinatown Residents Rush Bank in NYC
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Record labels sue Napster investor
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Hearing On Conseco Vs Donald Trump Set For Next Tuesday
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Auspex Systems, Inc. Files Ch. 11 - Announces the Cessation of Sales & Development Operations
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Tobacco:

Moody's Cuts Altria's Debt Rating
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WBC asks BBBC for guidance in bankruptcy
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Broke candymaker puts Laura Secord on block
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New Bankruptcy Opinions
(No new opinions 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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Peregrine's extension bid delayed
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Fleming gets only part of DIP funding
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Telecoms:

Ex-WorldCom official denies new fraud counts
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MCI bondholders join call for trustee
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Ex-WorldCom CFO's defense unveiled - Everybody did it
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Tech Company Figex Eager for WorldCom to Emerge from Bankruptcy
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Redback buckling under debt
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AOL to pay WorldCom $15.9M in settlement
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Focal Communications offers revised plan
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_____________________

SEC Probe Into AOLTIMEWARNER Widens
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Insider Scored $642g On Iraq War
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Wall St faces "a ton" of lawsuits, says Spitzer
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Star Banker Quattrone to Face Charge of Criminal Obstruction
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ACL Files For Chapter 11
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Accounting:

Ernst & Young Says U.S. Lawmakers Making Inquiries About Tax Shelter Schemes
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FASB moves ahead with options expensing
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'Kind of Right' Isn't Good Enough
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_______________________

Magellan Health Holders Seek Ch 11 Equity Committee
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England:

Court challenge to 650m nuclear bail-out
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Thailand:

Thai Petroleum Firm's Creditors Suspend Working Capital Lines
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Thai Court Ruling Could Damp Confidence of Foreign Investors
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Thailand Beggars Belief
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Argentina:

Courts back Argentine restructure
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Korea:

Creditors write off part of Hynix loans
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Korea's biggest lender hit by credit risk
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One Out of 13 in Their 20s Faces Bankruptcy
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________________

Iraq:

Iraqi bankers face dangers
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