August 13, 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

         

Penthouse:

Penthouse publisher goes bust
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General Media, Penthouse Publisher, Seeks Chapter 11
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Penthouse Publisher Files Chapter 11
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Penthouse comes unstuck
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Asbestos:

Halliburton May Need New Asbestos Deal
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Halliburton May Reopen Asbestos Talks as Claims Rise
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Halliburton says asbestos settlement in danger
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Owens Corning creditors push for reform bill-related delay
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Law Firms:

Charges Against Tyco's GC Belnick to Go Forward
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Law firm scolded for ads - "Let's settle this one"
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Houston Firm Sued for Second Time for Underpaying Attorneys
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US Lawyers Given More Freedom To Report Corporate Fraud
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Partner Booted From Jail For Dressing Too Sexy
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NY Man Arrested For Acting as Attorney For Six Years
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WolfBlock Combines with Brach Eichler
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Carolina Investors plan leads to doubt
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Miami: South Stevedoring files for bankruptcy
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Textiles:

Textile gloom mounts as import quotas set to disappear
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Republicans May Reap Political Fallout from Region's Textile Closures
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Economy:

Analysts concerned as insiders dump stock
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Survey points to investor wariness
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TW Inc. Wants Court Approval To Sell Customer List
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Bankrupt Clark Retail Struggles to Find Buyer for Convenience Store Subsidiary
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Will Debt Weigh Down the Recovery? - Far from being models of health, most corporate balance sheets are groaning under debt loads
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Stone & Webster Files Amended Joint Plan of Reorganization with Support of Two Largest Unsecured Creditors, Unsecured Creditors' Committee and Equity Holders' Committee
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Pillowtex union named to creditor's committee
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Credit Cards Become Problems For Teens
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Bankruptcy Decision Reflects Changing D&O Landscape
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Tyson's bankruptcy not just financial
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Fife latest winery filing bankruptcy
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Preparing for a Visit from the IRS
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Preparing for bankruptcy, Trenwick to dump Lloyd's unit
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Survey: Raises Small in 2003, 2004
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Bank-Eat-Bank World Could Re-Emerge
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  Enron:

Not So Firm With Lawyers
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Louisiana-Pacific sued by Enron over contract
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WorldCom, Enron Former Chiefs Elude Criminal Charges
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Airlines:

Southwest top carrier, a first for discount airline
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Economy snags business travel
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Air Canada blames delays on operational changes
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Air Canada calls in executives and managers to help out in customer service
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Delta Airlines Changes Pay Plans for Executives
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Perk Cutbacks at Delta Air Lines Draw Mixed Reviews
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PWC Report On Downturn in Bankruptcies
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Wall Street:

IPO charges imminent
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Conseco:

Bankrupt Conseco's waiting game prolonged
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Conseco: Agreement Reached With SEC, US Trustees Office
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Energy:

Entergy: False price data may have come from Houston office
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Reliant posts loss, cuts forecast, shares tumble
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Eight Face Charges in Connection With Allou Fraud
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'Outlook isn't promising' for orchestra's survival
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Move to save Florida Philharmonic stalls
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HealthSouth:

HealthSouth Stock Up After Company Pays Past Due Interest
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HealthSouth pays interest on its debt
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Accounting:

New FDIC, Banking Rules Make It Easier to Suspend Accountants, Auditors
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Audit Committee Financial Experts
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Another Accounting Group Calls for Better Fraud Detection
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Enhanced Audit Committee Standards
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SEC Suspends Ex-PwC Partner for 2 Years for MicroStrategy Role
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Retention of Records Relevant to Audits and Reviews
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Pro Forma Lives
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Malden Mills bankruptcy hits bump near end
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Judge Approves Sale of Bankrupt Bangor, Maine-Based Children's Wear Firm
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Man Sentenced For Money Laundering In Connection With Large-Scale Off Shore Illegal Trust Program Based In Costa Rica
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Cattle Feeder Pleads Guilty to Bank Fraud
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

FBI seeks public's help in its MCI investigation
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WorldCom Workers Knew of 'Pseudo' Numbers
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WorldCom's Sullivan Asks for Milder Sentencing Rules
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Nortel Networks Opposes Global Crossing Proposed Funding
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MCI Again Lowers Profit Forecast
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360networks Wins Bid for Touch America
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FCC concedes Airadigm protected under bankruptcy
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Court Confirms NTELOS Plan of Reorganization
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WorldCom Appoints Roscitt as President
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Leucadia agrees to buy remainder of WilTel
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Fed Holds Bank Rate at 1%, Says Rates to Remain Low
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Ex-Merrill trader at centre of $43m fraud allegations
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Financier claims he was duped by Merrill trader
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Recent Going-Concern Statements
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Collier Bankruptcy Case Update

Booby Trap in Aisle Eight - Regulatory interest in vendor allowances
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England:

Founder of NTL to get a golden goodbye
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NTL chief 'rewarded for failure'
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Waverider who couldn't surf the debt tide
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Canada:

SLM's protection extended until October
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MP wants Crown agency to pay ruined firm
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Judge orders Ottawa to pay $70M
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Belgium:

Alpha steps in for bankrupt Fardis
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Germany:

German Court Starts Appellate Proceedings in Breuer-Kirch Case
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France:

Vivendi freezes severance pay of former CEO Messier
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Vivendi in legal move to halt E20m for Messier
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Australia:

Pan handler's powers questioned
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Mexico:

Mexican State to Renegotiate Debt With Government, Citigroup
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Japan:

SMBC eyes turnaround venture
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