August 29, 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

         
Telecoms:

Okla. court date set for Ebbers
(DBN Subscription Required)

WorldCom's Ebbers to surrender in Okla.
(DBN Subscription Required)

Pittsburgh-Based Internet Provider Stargate to Be Acquired, Stay Operating
(DBN Subscription Required)

WorldCom seeks PUC exemption
(DBN Subscription Required)

MCI CEO Said to Be Evasive During Deposition
(DBN Subscription Required)

AM Communications Files for Chapter 11 Bankruptcy Protection
(DBN Subscription Required)

Allegiance Telecom Wins Partial OK Of Key Employee Plan
(WSJ: separate paid subscription required)

MCI may soon face civil suits from other states alleging tax fraud, following criminal charges filed this week by Oklahoma
(WSJ: separate paid subscription required)

Workers Laid Off by Bankrupt Butte, Mont., Telecom Get Federal Aid
(DBN Subscription Required)

U.S. Weighs Role In MCI Criminal Case
(WSJ: separate paid subscription required)

Criminal Charges May Derail MCI's Exit From Bankruptcy
(WSJ: separate paid subscription required)

_________________

The Fiduciary Obligations Of Directors and Officers Of Financially Distressed Companies
(Martindale: separate free registration required)

Energy:

Mirant asks judge to void Pepco power sales contract
(DBN Subscription Required)

Naming of Panel Gives Mirant Investors a Ray of Hope
(DBN Subscription Required)

Mirant says has tentative FERC deal on Calif case
(DBN Subscription Required)

NWC extends balloting on stock plan
(DBN Subscription Required)

Bankrupt Mirant Posts Wider Loss in 1st Q
(DBN Subscription Required)

Possible Bankruptcy of Northwestern Doesn't Faze Allentown, Pa.-Based PPL
(DBN Subscription Required)

________________

Enron:

Judge may soon set schedule, unseal content of transcripts
(DBN Subscription Required)

Former Enron treasurer Glisan may cut deal
(DBN Subscription Required)

Court grants Enron Power Marketing Inc.'s motion for summary judgment with respect to Enron's claims for terminated contracts
(DBN Subscription Required)

________________

Credit cards bring calculating policies
(DBN Subscription Required)

HealthSouth Announces Agreement With Banks To Waive Payment Blockage Of Past Due Interest
(DBN Subscription Required)

Another Former HealthSouth Exec Pleads Guilty in Probe
(DBN Subscription Required)

Makeover at Revlon puts it on shaky financial ground
(DBN Subscription Required)

Accounting:

Penthouse Accounting Inquiry Advances
(NYT: separate free registration required)

Accountants Looking for New Jobs Despite Economic Slump
(DBN Subscription Required)

Adidas official to plead in Just for Feet case
(DBN Subscription Required)

IRS Probes Car Dealers for Scams
(DBN Subscription Required)

Internal Audit in Flux
(DBN Subscription Required)

____________________

Court to Determine Future of Bankrupt Port St. Joe, Fla., Hospital
(DBN Subscription Required)

Wherehouse Entertainment Told To Detail Exit Loan In Plan
(DBN Subscription Required)

Apartment Evictions Increase in Seattle Area
(DBN Subscription Required)

Court OKs MCSi Insurance Finance Deal For $1.6 Million
(WSJ: separate paid subscription required)

Lockformer bankruptcy
(DBN Subscription Required)

Las Vegas judge approves Aladdin reorganization plan
(DBN Subscription Required)

Delaware Holding Companies Are Recognized As Viable Business Entities
(Martindale: separate free registration required)

Companies aren't hiring yet, but they're handing out raises and promotions to employees they want to keep
(DBN Subscription Required)

  Court approves Burlington Industries' Chapter 11 disclosure statement
(DBN Subscription Required)

Regus:

Regus trumpets release from Chapter 11
(DBN Subscription Required)

Regus Applies to End Chapter 11 Protection for U.S. Business
(DBN Subscription Required)

Regus 1st Half Pretax Losses GBP19.29 Million Vs GBP22.40 Million -2
(DBN Subscription Required)

_________________

Law Firms:

Allen & Overy set for radical staff outsourcing to India
(DBN Subscription Required)

New Insights on the State of the Profession Show Why Partners Must Stay
(DBN Subscription Required)

2003 Hildebrandt Mid-Year Report
(DBN Subscription Required)

Build Marketing Opportunities Internally
(DBN Subscription Required)

Both Sides in Clayton Homes Suit Use High-Powered Legal Firms to Argue Case
(DBN Subscription Required)

Pillsbury's Dough Girls
(DBN Subscription Required)

New NALP Data Reveal Hiring Slowdown & Flat First-Year Compensation
(DBN Subscription Required)

First-Year Summer Activity Survey 2003
(DBN Subscription Required)

Employment Patterns — 20-Year Trends
(DBN Subscription Required)

One way to find out what matters most to your law firm's clients
(DBN Subscription Required)

Should You Productize Your Services?
(DBN Subscription Required)

New findings on lawyer compensation
(DBN Subscription Required)

How to Pay Law Firm Partners Post-Merger
(DBN Subscription Required)

Can Market Research Help to Improve Your Recruitment Success?
(DBN Subscription Required)

Non-Equity Partnerships: Multiplying Like Rabbits
(DBN Subscription Required)

Economy Notwithstanding, Plan to Get Back Into and Win the Race for Talent
(DBN Subscription Required)

New NALP Foundation report to re-examine the issue of associate retention
(DBN Subscription Required)

Sell Yourself: How to Conduct Effective and Ethical Marketing
(DBN Subscription Required)

Is it time for you and your fellow partners to invest
(DBN Subscription Required)

Associate Attrition - Every partner knows that it takes at least three years
(DBN Subscription Required)

Do you and your partners embrace change and accept risk?
(DBN Subscription Required)

Proposals That Get You Hired
(DBN Subscription Required)

What's the Big Deal About Unbundling
(DBN Subscription Required)

Seven questions improve law firm profits by focusing
(DBN Subscription Required)

Tips for Creating a New Firm Identity
(DBN Subscription Required)

Escalating Costs Find Managers Taking A Closer Look At ``Nonessential' Benefits
(DBN Subscription Required)

Assignment Difficult: The Termination Decision
(DBN Subscription Required)

______________

Airlines:

Airline cuts cost with sandwich flights
(DBN Subscription Required)

_______________

Trying to get out of debt not always to your credit
(DBN Subscription Required)

Acterna's Disclosure Statement Approved; Bankruptcy Court Sets Confirmation Hearing for September 25; Acterna Enters into Agreement to Sell Itronix to Golden Gate Capital
(DBN Subscription Required)

Asbestos:

WR Grace Sees 3rd-Quarter Charge on Court Ruling
(DBN Subscription Required)

Armstrong World Industries to Pay $7 Million Put Asbestos Claims to Rest
(DBN Subscription Required)

Judge Delays Vote by Creditors of Toledo, Ohio-Based Owens Corning
(DBN Subscription Required)

Halliburton Iraq Work Booms but Profit Seen Small and Lingering Asbestos Liabilities Worry Investors
(DBN Subscription Required)

________________

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Steel:

After ``No'' votes, Special Metals workers await bankruptcy hearing
(DBN Subscription Required)

_______________

Kmart cuts losses to $5 million
(DBN Subscription Required)

How Failure to Pay Employment Taxes Forced a Company Into Bankruptcy
(DBN Subscription Required)

Advanced Marketing Services Gets Lenders to Extend Deadline
(DBN Subscription Required)

Court Approves Bid Rules For Pillowtex Auction Oct 2
(WSJ: separate paid subscription required)

Children's Apparel Maker Kent Inc. Closes Shop
(DBN Subscription Required)

Corporate Reform:

State attorneys general: new cops on the block
(DBN Subscription Required)

Shareholders Ask for Changes in Corporate Governance, and the Courts Are Starting to See It Their Way
(DBN Subscription Required)

_________________

Kasper ASL Equity Holder Wants Panel Named In Ch 11 Case
(WSJ: separate paid subscription required)

Doctors CEO to get nearly $1 million
(DBN Subscription Required)

Bankruptcy filing increase by 11 percent in Minnesota
(DBN Subscription Required)

Grand Rapids, Mich., Firm Eyes Hauppauge, N.Y.-Based Twinlab
(DBN Subscription Required)

Knoxville, Tenn., Manufacturer Asks Bankruptcy Court to Void Labor Contracts
(DBN Subscription Required)

Ex-owner of ATM firm faces wire fraud charges
(DBN Subscription Required)

O-Cedar files for bankruptcy
(DBN Subscription Required)

Galey & Lord Wants More Time To File Reorganization Plan
(WSJ: separate paid subscription required)

England:

US listing setback at British Energy
(DBN Subscription Required)

Marconi rescue advisory fees soar to £90m
(DBN Subscription Required)

No favourite emerges as Canary Wharf bid deadline passes
(DBN Subscription Required)

The British invented it, by accident, then other countries did it better: the making of the modern company
(DBN Subscription Required)

Distressed Companies Update
(DBN Subscription Required)

__________________

Germany:

German Bankers Make Borrowing More Difficult
(WSJ: separate paid subscription required)

DaimlerChrysler, BMW, VW Cut Costs by Owning Banks
(DBN Subscription Required)

___________________

Japan:

IRCJ tackles small potatoes in its initial rescue bids
(DBN Subscription Required)

______________

Australia:

TGA audit reveals damning Pan evidence
(DBN Subscription Required)

____________

Ireland:

Elan Receives Extension of Waivers from EPIL Noteholders
(DBN Subscription Required)

_________________

France:

Jobless rate hits 9.6% in France
(DBN Subscription Required)

_________________

Mexico:

Satmex facing fiscal crash, may be on verge of bankruptcy
(DBN Subscription Required)

__________________

Korea:

Bankruptcy Haunts Hanaro
(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