August 20, 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:

Enron asks judge to get tough on debtors
(DBN Subscription Required)

Enron pushing for ex-customers to pay bills
(DBN Subscription Required)

Settlement over Enron nets Royal Bank $195 million U.S.
(DBN Subscription Required)

Royal Bank to Get $195 Mln in Rabobank Settlement
(DBN Subscription Required)

Fastow Trial Delayed After Super Bowl
(DBN Subscription Required)

Enron LJM2 Chapter 11 reorganization plan approved
(DBN Subscription Required)

Enron partnership to liquidate
(The Deal: separate paid registration required)

_________________

Telecoms:

MCI: Accounting fixes needed
(DBN Subscription Required)

Allegiance Telecom Announces Second Quarter 2003 Results
(DBN Subscription Required)

MCI's auditor finds more problems, restatements likely
(DBN Subscription Required)

Verizon Could Enter NextWave License Fray
(DBN Subscription Required)

NextWave Telecom can’t close DIP
(The Deal: separate paid registration required)

Letting WorldCom out of Chapter 11 would be a mistake
(DBN Subscription Required)

WorldCom clarifies auditor’s statements
(The Deal: separate paid registration required)

_________________

Accounting:

More Accounting Irregularities Expected at Cablevision Systems Unit
(DBN Subscription Required)

___________________

Conseco:

Conseco, Inc. Files Fifth Amended Joint Plan of Reorganization
(DBN Subscription Required)

Conseco veterans launch consulting firm
(DBN Subscription Required)

Finalists vie for GM Building
(The Deal: separate paid registration required)

Conseco Seeks to Emerge From Chapter 11 by Mid-September
(DBN Subscription Required)

_________________

Loral:

EchoStar May Bid $1.45 Billion for Loral
(DBN Subscription Required)

EchoStar may bid against Intelsat for Loral
(DBN Subscription Required)

___________________

Airlines:

Air Canada Communications Problem Cancels Flights
(DBN Subscription Required)

Hawaiian parent takes out loan to pay debt
(DBN Subscription Required)

Airliners Fullest Since 1970
(DBN Subscription Required)

Labor Dep. to let Northwest swap stock for cash in pensions
(DBN Subscription Required)

Southern flies free from Chapter 11
(DBN Subscription Required)

____________________

SEC Fines Deutsche Bank for Concealing Advisory Work on Hewlett-Packard Merger
(DBN Subscription Required)

U-Haul's Parent Finds Equity Gains in Bankruptcy
(DBN Subscription Required)

Personal bankruptcies surge 8.2 percent in Louisiana
(DBN Subscription Required)

HotU files for bankruptcy
(DBN Subscription Required)

 

Law Firms:

Associate Accidentally Sends Sexually Explicit E-Mail
(DBN Subscription Required)

N.Y. Law Firms Hit With Computer Virus in Wake of Blackout
(DBN Subscription Required)

The Billing Song
(large download)

Firm Ponders Asking Staffers If They are Gay
(DBN Subscription Required)

Hear the One About the Lawyer Who's a Real Shark?....It's True
(DBN Subscription Required)

Fate of NY Lawyer's Fortune Is Uncertain: Will Harvard Law Net $35 Million?
(DBN Subscription Required)

Law firm wants to offer malpractice insurance
(DBN Subscription Required)

Firm's Chairman Steps Down After 13 Years
(DBN Subscription Required)

Law Firms Reap Windfall Over California Recall
(DBN Subscription Required)

________________

National Century's Ex-CEO Implicated
(DBN Subscription Required)

Energy:

Mirant advisers face revolving door
(DBN Subscription Required)

Contour Energy Sold for $146 Million to Tulsa, Okla.-Based Investment Firm
(DBN Subscription Required)

NRG:$250M Loan Should Keep Northeast Generating Co Afloat
(DBN Subscription Required)

OGE Energy Unit to Buy 77% of Power Plant From NRG Unit
(DBN Subscription Required)

PG&E Says It Will Trim Spending If Rate Case Falls Short
(DBN Subscription Required)

PG&E Net Up, Merchant Unit Loss Narrows
(DBN Subscription Required)

Court approves Mirant trading rules
(DBN Subscription Required)

_________________

Pillowtex:

N.C. Textile Company Town Seeks New Businesses
(DBN Subscription Required)

British firm says it again interested in buying Pillowtex
(DBN Subscription Required)

Pillowtex bankruptcy opens in court today
(DBN Subscription Required)

Pillowtex Bankruptcy
(DBN Subscription Required)

__________________

Guccione bares soul
(DBN Subscription Required)

Cascades Head Says Company Offered C$20 Mln for American Tissue Memphis Plant
(DBN Subscription Required)

D.C. hospital vows to stave off closure
(DBN Subscription Required)

Newport, R.I., Golf Club Goes into Receivership after Falling behind on Loan
(DBN Subscription Required)

Magellan Health Services Receives Court Approval of Disclosure Statement
(DBN Subscription Required)

Fountain View Emerges From Chapter 11
(DBN Subscription Required)

Insolvent Allcity Sees Loss Widen
(DBN Subscription Required)

Bill could weaken state credit protections
(DBN Subscription Required)

Sands’ cash flow up 43%, thanks to cost cuts
(DBN Subscription Required)

S.F.'s luxury Clift Hotel in Chapter 11 bankruptcy - Trendy Ian Schrager property racks up $64 million in debt
(DBN Subscription Required)

Malden Mills

Hearing to Determine Control of Lawrence, Mass., Textile Company
(DBN Subscription Required)

Feuerstein faces key financing decision
(DBN Subscription Required)

____________

 

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

ANC won't file 2Q on time
(DBN Subscription Required)

Aurora Foods defers $9.9 mln of interest payments
(DBN Subscription Required)

4 scary new ways creditors gouge you
(DBN Subscription Required)

Corporate Reform:

A Sense of Honor Is a Rare Quality in Business
(DBN Subscription Required)

_______________

FTI Consulting Promotes Ten Professionals to Senior Managing Director; Firm Also Hires Transfer Pricing Expert
(DBN Subscription Required)

Mountain West Printing files Chapter 11
(DBN Subscription Required)

Bankruptcy filings in NY decline
(DBN Subscription Required)

Saratoga Partners buys Advanced Lighting equity stake
(DBN Subscription Required)

Ruling Forces Santa Ana, Calif., Computer DVD Drive-Maker to Shut Offices
(DBN Subscription Required)

England:

Accident Group staff seek redress
(DBN Subscription Required)

International Power Sweetens Its Bid to Restructure Drax Debt
(DBN Subscription Required)

Drax bondholders to stick to bid deadline
(DBN Subscription Required)

Potential third bidder emerges in the contest to take over Drax
(DBN Subscription Required)

________________

Canada:

Mosaic Group Inc. announces extension of order
(DBN Subscription Required)

______________

Thailand:

Thai Court May Call Creditor Mtg On TPI Polene Debt Sale
(DBN Subscription Required)

____________________

Japan:

Shinsei in Talks to Buy Ael, Nice Loans for $632 Mln
(DBN Subscription Required)

IIJ Makes Statement Regarding Crosswave's Filing for Corporate Reorganization Proceedings
(DBN Subscription Required)

Crosswave Communications and Its Subsidiaries File for Corporate Reorganization in Japan
(DBN Subscription Required)

_____________________

Australia:

Bidder for Pan decries immorality of liquidation
(DBN Subscription Required)

_________________

Korea:

S.Korean banks’ profits tumble
(DBN Subscription Required)

_________________

Russia:

Russia's banking system remains its weakest link
(DBN Subscription Required)

_____________________

Mexico:

20 SMEs bankrupt due to lack of contracts with Pemex
(DBN Subscription Required)

Mexican Court Lifts Obstacle To Bank Bailout Loan Audits
(DBN Subscription Required)

_________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com