August 12, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Enron:

Judge Says Partnership Can Claim Former Enron Executive's $3.8 Million
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WorldCom, Enron Former Chiefs Eluding Convictions for Fraud
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Airlines:

Restore staff, union tells Air Canada
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Air Canada's tailspin
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Airline Swiss says creditor protection rumors unfounded
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For Flight Attendants, Stress Comes With the Job
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Delta Air Lines Reducing Executive Compensation
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Global body sees rebound in air traffic
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Judge denies Rigases separate trials in Adelphia case
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Recent Going-Concern Statements
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Felicia S. Turner Appointed U.S. Trustee For Georgia, Florida, Puerto Rico, Virgin Islands
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3DO outlines bidders for bankruptcy auction
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Law Firms:

Big Firms Begin Hiring for Upturn
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Boies' Law Firm Discriminated
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Legal group to tighten policy on lawyer ethics
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Altheimer Frisco partners scatter
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Pritzkers Lose Another One AS DVI Melts Down
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The range of fee-generating bankruptcy mandates stretches well beyond the main lawyers and financial advisers
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Court Hands Down Major Identity Theft Decision In Favor of Banks
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Corporate Reform:

CEOs still sitting on piles of pay
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Recent scandals highlight the need for financial services firms to learn more about management at companies they invest in
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Woman In Bankruptcy Worries About Giving Man True Account
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FTI Consulting, Inc. Announces Pending Sale of SEA Group
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Homelessness grows as more live check-to-check
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Former Artech workers receive back pay
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Former Tongan court jester trial set down for March 2004
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Ventura Avenue TV Cable files for bankruptcy
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Your 3 worst debt consolidation moves
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PWC Report On Downturn in Bankruptcies
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Economists predict turnaround in 2004
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The U.S. economy gathers momentum after months of disappointing growth
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Asbestos:

Owens Corning Creditors Seek Delay For Asbestos Bill
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Loews and Honeywell in dispute over asbestos liability
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Regus set to emerge from Chapter 11
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Accounting:

DTI may fast-track British auditor liability cap
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Regulator probes Alstom accounts
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Tax insurance is emerging as an alternative to help fill a void left by an IRS decision to cease issuing private letter rulings
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Auditors Take More Aggressive Approach To Probing Books
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Energy:

Huge theft is alleged at Merrill
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Ex-Merrill Head Energy Trader Probed for Money Laundering
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McDermott says marine unit faces cash crunch
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Refinancing Impasse Could Push Edison Mission Energy Into Bankruptcy
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Reliant Resources announces impending layoffs
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High-Tech Meltdown Meant Doom for Montana Power Company
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Bankruptcy and restructuring advisers league tables
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Showdown set for Coram
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Warnaco to Close U.S. Plants
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Focus Shifts to Forming New Orchestra in Florida
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Bankruptcy Filings Increase in Toledo, Ohio, Area and Nationwide
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Burger King to assume most of AmeriKing's debt
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Martha Stewart empire warns of ballooning losses
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Steel:

Slater Steel to Close 2 Plants, Affecting 830 Jobs
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Swedish Investors Want to Close Doors at Bankrupt Stamford, Conn., Software Company
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First Union Settles Fraud Case for Role in Cyprus Funds Account
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3DO names bankruptcy bidders
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

WorldCom calculates loss of U.S. business
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Touch America bidding takes strange final turn
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360networks upset winner for TA assets
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MCI access case snares small telecoms
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After Resolution of Creditors' Concerns, Ntelos Bankruptcy Plan Nears Approval
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Leap Solicits Competing Bids on Sale of Spectrum in Idaho Falls and Twin Falls, Idaho
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MobilCom Posts 2nd-Quarter Profit After Cutting Spending, Jobs
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SIPC Says Its Fund Is Sufficiently Strong
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Investor Protection Group May Have Misled
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Failed insurance firm still gobbling up money
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St. Louis-Area Bill Collectors Use a Different Approach -- They're Pleasant
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Billion Dollar Adelphia Fraud Case Proceeds
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Sumitomo Mitsui forms distressed fund
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Bold Moves, Bad Luck Led to Financial Trouble for Tower Records
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England:

Aussies look elsewhere as London pay dries up
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Queen's curtain maker in receivership
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Freshfields sidelined as Herbies catches the Tube
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Penningtons awaits ruling over negligent liquidation
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Government panel set up to rotate insolvency work
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Canada:

CFL to assume control of Ticats
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Australia:

Pan founder seeks liquidation stay
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Wine company's debt bigger than first thought
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Pollock staring at bankruptcy push
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Argentina:

Argentina Officials Say Loan Foreclosures Unlikely In Sep
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Russia:

State Fed Up With Bankrupt Firms
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