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
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Enron pushing for ex-customers to pay bills
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Settlement over Enron nets Royal Bank $195 million U.S.
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Royal Bank to Get $195 Mln in Rabobank Settlement
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Fastow Trial Delayed After Super Bowl
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Enron LJM2 Chapter 11 reorganization plan approved
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Enron partnership to liquidate
(The Deal: separate paid registration required)

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Telecoms:

MCI: Accounting fixes needed
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Allegiance Telecom Announces Second Quarter 2003 Results
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MCI's auditor finds more problems, restatements likely
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Verizon Could Enter NextWave License Fray
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NextWave Telecom canít close DIP
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Letting WorldCom out of Chapter 11 would be a mistake
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WorldCom clarifies auditorís statements
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Accounting:

More Accounting Irregularities Expected at Cablevision Systems Unit
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Conseco:

Conseco, Inc. Files Fifth Amended Joint Plan of Reorganization
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Conseco veterans launch consulting firm
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Finalists vie for GM Building
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Conseco Seeks to Emerge From Chapter 11 by Mid-September
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Loral:

EchoStar May Bid $1.45 Billion for Loral
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EchoStar may bid against Intelsat for Loral
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Airlines:

Air Canada Communications Problem Cancels Flights
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Hawaiian parent takes out loan to pay debt
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Airliners Fullest Since 1970
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Labor Dep. to let Northwest swap stock for cash in pensions
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Southern flies free from Chapter 11
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SEC Fines Deutsche Bank for Concealing Advisory Work on Hewlett-Packard Merger
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U-Haul's Parent Finds Equity Gains in Bankruptcy
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Personal bankruptcies surge 8.2 percent in Louisiana
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HotU files for bankruptcy
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Law Firms:

Associate Accidentally Sends Sexually Explicit E-Mail
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N.Y. Law Firms Hit With Computer Virus in Wake of Blackout
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The Billing Song
(large download)

Firm Ponders Asking Staffers If They are Gay
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Hear the One About the Lawyer Who's a Real Shark?....It's True
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Fate of NY Lawyer's Fortune Is Uncertain: Will Harvard Law Net $35 Million?
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Law firm wants to offer malpractice insurance
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Firm's Chairman Steps Down After 13 Years
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Law Firms Reap Windfall Over California Recall
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National Century's Ex-CEO Implicated
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Energy:

Mirant advisers face revolving door
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Contour Energy Sold for $146 Million to Tulsa, Okla.-Based Investment Firm
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NRG:$250M Loan Should Keep Northeast Generating Co Afloat
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OGE Energy Unit to Buy 77% of Power Plant From NRG Unit
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PG&E Says It Will Trim Spending If Rate Case Falls Short
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PG&E Net Up, Merchant Unit Loss Narrows
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Court approves Mirant trading rules
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Pillowtex:

N.C. Textile Company Town Seeks New Businesses
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British firm says it again interested in buying Pillowtex
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Pillowtex bankruptcy opens in court today
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Pillowtex Bankruptcy
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Guccione bares soul
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Cascades Head Says Company Offered C$20 Mln for American Tissue Memphis Plant
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D.C. hospital vows to stave off closure
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Newport, R.I., Golf Club Goes into Receivership after Falling behind on Loan
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Magellan Health Services Receives Court Approval of Disclosure Statement
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Fountain View Emerges From Chapter 11
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Insolvent Allcity Sees Loss Widen
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Bill could weaken state credit protections
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Sandsí cash flow up 43%, thanks to cost cuts
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S.F.'s luxury Clift Hotel in Chapter 11 bankruptcy - Trendy Ian Schrager property racks up $64 million in debt
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Malden Mills

Hearing to Determine Control of Lawrence, Mass., Textile Company
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Feuerstein faces key financing decision
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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ANC won't file 2Q on time
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Aurora Foods defers $9.9 mln of interest payments
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4 scary new ways creditors gouge you
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Corporate Reform:

A Sense of Honor Is a Rare Quality in Business
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FTI Consulting Promotes Ten Professionals to Senior Managing Director; Firm Also Hires Transfer Pricing Expert
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Mountain West Printing files Chapter 11
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Bankruptcy filings in NY decline
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Saratoga Partners buys Advanced Lighting equity stake
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Ruling Forces Santa Ana, Calif., Computer DVD Drive-Maker to Shut Offices
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England:

Accident Group staff seek redress
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International Power Sweetens Its Bid to Restructure Drax Debt
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Drax bondholders to stick to bid deadline
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Potential third bidder emerges in the contest to take over Drax
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Canada:

Mosaic Group Inc. announces extension of order
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Thailand:

Thai Court May Call Creditor Mtg On TPI Polene Debt Sale
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Japan:

Shinsei in Talks to Buy Ael, Nice Loans for $632 Mln
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IIJ Makes Statement Regarding Crosswave's Filing for Corporate Reorganization Proceedings
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Crosswave Communications and Its Subsidiaries File for Corporate Reorganization in Japan
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Australia:

Bidder for Pan decries immorality of liquidation
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Korea:

S.Korean banksí profits tumble
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Russia:

Russia's banking system remains its weakest link
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_____________________

Mexico:

20 SMEs bankrupt due to lack of contracts with Pemex
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Mexican Court Lifts Obstacle To Bank Bailout Loan Audits
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