August 5, 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

         
Asbestos:

Halliburton: Units May File Ch. 11 End 3Q, Exit Early '04
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Travelers Wins Favorable Asbestos Ruling
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Enron:

Enron's Lay Lays 600g Egg
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Two banks ante up for Enron victim fund
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Roots run deep between Enron and CIBC
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Tyson:

Tyson blew 300M fortune
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Tyson's trail of squander
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Out for the count
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Latest court case for Tyson is bankruptcy
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Money Is the Least of Tyson's Problems
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HSBC plagued by bad debts
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Louisiana riverboat casino trying to restructure debt
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Celebrities' favourite restaurateur faces crisis
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Energy:

Williams' Chief Restructuring Officer Recounts The Company's Hell Week
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Bankrupt Mirant Corp. Employs Numerous Well-Paid Outside Consultants
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Samuels Jewelers:

Samuels Jewelers Files For Bankruptcy
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Shine is off Samuels Jewelers
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Samuels Jewelers files for bankruptcy
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Jewelry store chain files Chapter 11
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Strictly in confidence? - Proposals to allow exceptions to the attorney-client privilege in financial-crime situations
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Steel:

U.S. Steel expenses sap profits
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U.S. Steel Has Loss, Sees $500 Mln Charge in 2nd Half
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Kansas casting maker to liquidate
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Fansteel Reaches Agreement for Sale of Assets
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Atchison Casting Corp. files for Chapter 11
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Top-Flite Creditors Object To Cash Collateral Request
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Turnaround Expert Sees Success with Northbrook, Ill.-Based Binding Business
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  DVI says in default on bank lines, may seek Ch.11
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DVI Seeking to Address Liquidity Constraints
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Courts fall behind on bills
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Airlines:

Airlines late in paying Boeing
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Terror woes worry airline investors
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Denver's Idle Gates Draw Covetous Eyes
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Lawyers Seek Documents Regarding American Airlines Exec Pay Scandal
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Air Canada's restructuring moves into next phase
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Air travel off 7 per cent in first half; IATA says industry has turned corner
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American Airlines withdraws bond offering
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American Airlines Will Issue New Debt
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Law Firms:

NY Mid-Sized Firms Posted Strong Profits in 2002
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Reputations hinge on Ness Motley appeal
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Sidley launches funds practice
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Debt crisis forces 18m cash call
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Attorney-Client Privilege Re-Examined by ABA This Week
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Fee-collection chaos leaves staff waiting for wages
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As Firm Moves To New Digs, Bocce Ball Left Behind
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Clifford Chance's London salaried partners in open revolt over status
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Ex-Clifford Chance chief joins Cadwalader
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Lawyer, accused of stealing millions, may lose everything
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IRS Chief Counsel Joins Top NY Firm
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GE to sell bond-backing unit
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Funeral home auction draws lone bidder
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Bankrupt Rope Maker Seeks Buyer for Three Georgia Plants
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U.S. Stocks Decline on Concern Rising Rates Will Hurt Profits
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Denver: Hoover's bankruptcy converted to Chapter 7
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Safety-Kleen's plan approved
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San Antonio Symphony details its financial woes in bankruptcy court
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Directors' Pay on Rise as They Take on Responsibility in Corporate Governance
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Loral Creditors Prepare To React
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Senate passes Chapter 12 extension
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Telecoms:

MCI says AT&T's fraud accusations are false
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MCI/Contract Loss: Creditor Recovery Could Fall
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MCI trade claims committee objects to bankruptcy plan
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Acterna reorg trips up CD&R
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Plan Calls for Banks to Own Acterna
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Metromedia Fiber Insurer Can Pay Rockefeller's Legal Fees
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WorldCom names ex-Sears lawyer as general counsel
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MCI/Committee Objects: Asset Pooling Called Unfair
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WorldCom blasts AT&T
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Leap Moves Rapidly Through Reorganization
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MCI Says Routing U.S. Phone Calls Through Canada Is Legal
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Global Crossing Releases Operating Results for June 2003
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Acterna files reorganization, hires CEO
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Penniless Lawyer Can't Discharge Student Loans
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Recent Going-Concern Statements
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Founders struggle to keep Just Desserts from crumbling
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Accounting:

Too much reliance on GAAP financials
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Saudi investor seeks talks over Euro Disney's debt
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France:

France to consider all options for Alstom
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Debt revamp likely for Alstom
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Alstom Refinancing Plan May Feature Debt-for-Equity Exchange
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Japan:

Daiei to seek revival body's support
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Germany:

Saban makes sweeter Kirch bid
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Korea:

Hyundai empire faces an uncertain future
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