April 28, 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

         
Conseco handlers are cashing in
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Chicago's Bankruptcy Boom Short-Lived?
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Enron:

Five more could be charged in Enron probe
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Former Enron exec, Army secretary White resigns
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Mammoth Enron shareholder lawsuit poised to move
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Calif. ask FERC for $4.3 bln in extra refunds
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Owens trial confronts issue of subsidiary assets
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Coles' comfort - trying to salvage bankrupt health care concern National Century
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Will biotech replicate dot-com's bust?
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All in the family: bankruptcy
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Zenith gets two-month extension
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Private Disability Insurance Benefits Partially Exempt

Business bankruptcies continue at high pace
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Corporate Reform:

How much is too much?
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Rewarding failure in high places
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Shareholders in revolt
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Behind many errant CEOs hide weak corporate boards
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Quattrone arrest puts Corporate America on guard
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Investors to have access to info quicker on exec trades
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Executive Pensions Often Secured First
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Exposed: cosy world of the perk ethic
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Hockey:

Commissioner Confident on Senators Sale
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Domestic office gets deadbeats to pay up
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Court Approves Lodgian Reorganization Plan for Final Two Chapter 11 Debtors
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Fleming Names Turnaround Experts CFO, Treasurer
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Law Firms:

Attorneys examine the post-Brobeck legal world
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Winning them over to Louisville: Area law firms say recruiting environment is surviving the current tumultuous economy
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NY Firm Changes Management Team
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Law firms strike just balance: Lawyers get chance to work part time
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Firm Hopes to Keep Marquee Client Despite Defection
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Nixon Peabody discusses merger with Conn. firm
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Motley Rice LLC Launched by 51 Ness Motley Attorneys, Hundreds of Staff
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Taking the law into their own hands: Varied experiences take five individuals from pursuit of fields such as chemistry, theater and religion to career in law
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Ex-Hutchins partners sue over Nixon deal
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There's always a way to keep bankruptcy at bay
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Top Executives of Bankrupt Troutman's Seek Severance Pay
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HomeGold executive defends sale
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Xetel in last gasps
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Director duties extend beyond shareholders
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Toronto Firm to Nears Great Northern Purchase
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Creditors, Employees Argue over Assets of Bankrupt Paper Box Machine Maker
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  Airlines:

At American Airlines, some difficult times are in store
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A Taut, Last-Minute Stretch to Save an Airline
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Airline Shareholders Rebel Against Delta and Northwest Execs
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What Was Don Carty Thinking?
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North Texas lawmakers helped strike AMR deal
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American ex-CEO short on judgment
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Gentler touch fails for Carty
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All Aboard Fiasco
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Unions Are a Victim of Their Own Success at the Nation's Airlines
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Behind AMR, a Chairman Who Flies in All Directions
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Ex-American CEO Misjudged Executive Perks
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American Airlines' new CEO described as financial expert with people skills
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U.S. Accuses American of Discrimination
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Carty loses grip after briefly rescuing company from bankruptcy
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Guarantee your pension like American? Not likely
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Airline industry's losses squeezing airports across the country
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American, Rivals Grope for Business Plan
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A different kind of airline food / More airlines likely to charge for in-flight meals
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As UAL Looks for Cost Cuts, Denver Baggage System May Be Grounded
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Idled United staff get no say on base
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Court Extends Air Canada Creditor Protection
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Bondholders could kill Air Canada
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Whose money is it?
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Hawaiian Seeks Denial of Boeing Move
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Hawaiian Air dodges repo man
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Hawaiian rebounds
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Hawaiian Airlines Receives Extension From Two Lessors
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Travelers Seem Calm as Airlines Squirm
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US Airways, MCI Face Uncertain Futures After Chapter 11 Exit
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Steel:

Help for Beth workers, retirees
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Wall Street:

U.S. regulators to level charges in Wall St. pact
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Regulators ready to detail plans for Wall St. clean-up
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Gaining By Losing
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Accounting:

More to come - more writedowns to come from impaired goodwill
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Public firms record increases in audit expenses
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New federal law clouds disclosure of public data
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I'm all dressed up with no place to go
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The jobless trap: Some settle for little, or give up
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At Aladdin, a Wish for Gold Among the Potential Bidders
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Asbestos:

ABB creditors support asbestos deal
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ABB guarantees add to financial pressure
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Orange County, Calif.-Area Business Groups Join Effort to Curb Asbestos Suits
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Kmart:

History offers best map for Kmart's comeback
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D-Day Memorial Clouded by Debt and Doubts
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Bankruptcy judges make inroads for women on federal bench
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Gimme shelter: Firms reorganize under Chapter 11
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Lancer:

Lancer filing breaks new ground
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Lancer Partners files for bankruptcy
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Court OKs Adelphia Deal With Ex-CFO
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Learn the difference between Chapter 7 and 11 before considering bankruptcy
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HealthSouth:

HealthSouth probe expands, KPMG role scrutinized
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Evidence precedes charges in HealthSouth hearing
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Outsiders are in at HealthSouth
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Former Executive of San Diego Software Firm Agrees to Cooperate in Fraud Probe
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Shady Debt-Counseling Companies on the Rise
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It's hard to get equity from foreclosed home
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Telecoms:

SpectraSite's execs get major paydays
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Sale near for Ebbers' B.C. ranch
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An exception to the Section 382 limitation could allow WorldCom to both free up its NOLs and create a kind of poison pill
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Microcell's Recapitalization Plan Expected to Become Effective May 1, 2003
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Creditors approve Marconi's 4bn rebirth
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Canada:

Stay Extended For Doman Industries Limited
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Australia:

HIH may only pay 10c in dollar
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HIH QC shocked at commission revelations
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HIH creditors face long wait to get little
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England:

Hands Seeks $637 Million to Avoid Meridien Hotels Bankruptcy, People Say
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Thailand:

Thai Bank Considers $80 Million Credit Facilities for Bankrupt Petroleum Firm
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Japan:

Foreign law firm opens gateway to intl business
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Japan Jobless Rate Rises to Record 5.4 Pct in FY '02
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