December 15, 2003 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Conseco:

This head just refuses to roll
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Conseco chairman's pay is one of a kind
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Law:

Where Do Solos Go to Brainstorm? And Other Dilemmas of Solitude
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When the Time Comes to Close Up Shop
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Small Firm Learns It's 'Merge or Die'
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All Work, No Play Is No Way to Live
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Law firm plays, and state bond deal pays
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Marine lawyer back home
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Managing partners don't let their law skills get rusty
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Milberg Weiss Breakup Delayed
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Urged to merge? Know the score before starting talks
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Outside law firms may be left on the outside
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Globalization can provide benefits on personal side
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No Need to Be a (Fruit) Basket Case Over Gifts
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Solo practice's many demands include self-motivation
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Incubator sponsorships give lawyers access to tech firms
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Litigation by the Web: Software company helps lawyers file suits from afar
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Accounting:

Accounting firm chairman disputes findings of bankruptcy report
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HomeGold accountant blames S.C.
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Salary Survey: A CPA License Pays
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US regulator looks for uniform auditing rules
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Pace of audit firm inspection rising-PCAOB chief
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Most tax breaks go to wealthy
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Deloitte Turns Its Back on Euro Legal Network
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More Audits of the Auditors Promised
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Saco accountant files for bankruptcy
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Baert files for bankruptcy
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Energy:

PG&E bailout puts burden on consumers / Judge approves plan -- state has final say
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PG&E Confirmation Opinion
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Pacific Gas says court approves reorganization
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Calif Judge/PGE Reorganization: Awaits Agency OK
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Judge Backs PG&E Unit's Chapter 11 Plan
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PG&E to reconsider nearly $80 million in windfalls due executives
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PG&E Corporation Reviews Executive Retention Plan
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The PG&E Bankruptcy Settlement / An unfair jolt to consumers
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The PG&E Bankruptcy Settlement / Bad deal for state's businesses
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The PG&E Bankruptcy Settlement / Best way to rescue PG&E
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NRG Energy to Sell Bonds as Borrowing Wanes Before Yearend
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Power retailer emerges from bankruptcy
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Utility lags on energy contracts
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AMERCO Receives Court Approval of Disclosure Statement
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Steel:

Steel industry restructuring still a work in progress
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Is Wilbur Ross Crazy?
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Deal reached in Republic sale
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Int'l Steel Surges on First Trading Day
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Special Metals Announces Executive Level Restructuring and Board of Directors Appointments
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Can Section 363 save the U.S. steel industry?
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Arizonans crushed by debt
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Rights of American Investors Upheld In One of the Largest Corporate Defaults in Emerging Markets History
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Aero Tech to seek bankruptcy protection
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What Price Knowledge?
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Exide Tech Reaches Agreement With Banks, Avoids Default
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N.J. firm acquires Prime Retail
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CART is still on hold
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Peregrine again postpones filing financial reports
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Investor Group Ahead In DC Hospital Auction
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Corporate Reform:

Pension funds seek to shake up Marsh board
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Regulators home in on funds' pricing to foil fraud
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Spitzer follows well-traveled path
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Mike Oxley took the cash and blocked reform
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  Airlines:

United -- one year later / How the airline has flown the turbulent skies
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Creditors turn up heat on Air Canada
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Air Canada creditor set to argue for appeal
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Air Canada asking bankruptcy court to allow $120M pension plan payment
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Air Canada Provides Update on Restructuring
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Hedge fund acquires 5.1% stake in Hawaiian
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Hawaiian soars again
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Hawaiian seeks seventh extension on lease talks with Boeing Capital
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Atlas Air delays filing for bankruptcy
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Northwest Exploring Possible Carrier Investment
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Judge OKs new guidelines for Chi-Chi's hepatitis claims
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Thriving at helm of a troubled company
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Asbestos:

Pleas Made to Take Judge Off Bankruptcy Case
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Circuit judges grill Wolin foes
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Halliburton makes asbestos progress
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Settlement on asbestos advances
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Halliburton Shares Seen Rising
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Asbestos Cleanup Widens to 2nd Mont. Town
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Countries Weigh Asbestos Export Ban, Some Resist
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Enron:

Gephardt Attacks Dean on Enron Deal
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Oregon regulators help Enron with SEC
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Medical bill a surprise: Bankruptcy Court says docs must pay
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Debt plagues Jolly Enterprises
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Involuntary bankruptcy rips reputation it took years to build
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Ski industry likely to slide downhill with global warming, says UN study
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State stepping up attack on shady credit counseling firms
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A daughter's bad credit record can't be kissed and made better
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Sale of 300-acre Love Israel family spread OK'd
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FAO:

Time Running Out
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FAO gets Right Start offer
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Wayland Business Center forfeited to lender by developer, Fidelity unit
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Consumer spending concerns investors
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Ex-National Century Exec Pleads Guilty
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AmeriVision Files Ch. 11 In Oklahoma
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National Warranty legal expense fight starts over
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Spendthrift wife may need professional help
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DDi Corp. Completes Financial Restructuring and Exits Chapter 11
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Beware the Christmas buying-spree
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DirecTV Latin America files reorganization plan
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Bankruptcy hammers W. Tenn
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Cone Mills Completes DIP Credit Agreement
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Fleming:

Fleming Files Reorganization Plan
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Fleming Yet To File Estimate Of Firm's Worth
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Bankrupt Grocery Wholesaler Plans Reorganization around Convenience Store Unit
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Counselors ready to talk debtors off bankruptcy ledge
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Collect with compassion, finance experts suggest
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Court Nullifies Bankruptcy Code Section 1110: Debtor Airline Permitted to Recharacterize Conditional Vendor's Interest

Local firms still shut out of payments from bankrupt Sabres
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Caterer nailed for asset concealment fraud
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Preexisting Security Interest Preserved Under Confirmed Chapter 11 Plan Despite Lapsed Financing Statements

Another round in court for Andujar
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Kmart bond collapse leaves investors holding bag
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Is Pittsburgh on the edge of the abyss or the verge of greatness
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Prepetition Payments Related to Agreements Later Assumed Under Section 365 or Section 1110 Are Not Recoverable as Preferences

Tax Refund Claim Not Excepted From Discharge

Understand what you get in D&O insurance policy
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21.7% Use Credit Monitoring Services
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Milwaukee Voucher School May Be in Financial Trouble
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New Bankruptcy Opinions
(5 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Appeals court: Bankruptcy judge justly tossed claim by late Beatle
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Telecoms:

How Chapter 11 rewards the bad and threatens the good
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C&W stops paying US rents to save 1.6ma month
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Storms over C&W
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Section 365(d)(3) Requires Payment Of Full Month's Rent Even if Lease Is Rejected Before Month's End

Accountants: Hoover ran Ponzi scheme
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Clearer skies? - The winds of bankruptcy have subsided, but that doesn't mean the nasty weather's over.
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Judge Clears Way for Hospital Sales
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On getting all you can from a bankruptcy
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May Department Stores Co. acquires Desmonds Formalwear and Modern Tuxedo, bids for Gingiss Group assets
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UK:

FSB warns over effects of delayed Christmas payments
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Exeter ready to test rules
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Crisis-hit English clubs 'must cut out financial risks'
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McKenzie to resign as Leeds chairman
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Imperial links to creditor campaign scheme
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Warning over debt increase
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Parents out-of-pocket after firm crashes
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Rescue bid for stricken oil group
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Pensions: Will Britain repeat US mistakes?
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Former partners of convicted fraudster must pay 283,000
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Canada:

Union, industry agree to legislated end to forestry strike
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Two more months for New Skeena
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Denim maker Galey & Lord cutting 585 jobs in Drummondville
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B.C. court overturns decision on native schools abuse - Ruling that Ottawa is 100-per-cent liable could cost millions
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Germany:

Kirch to Demand As Much As $7.4 Billion From Deutsche Bank, Focus Reports
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German Bks Announce Model For True-Sale Securitization
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Deutsche Bank Ex-president Gave the Most Expensive Interview
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China:

Strong competition for Chinese bad loans
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Australia:

New Tel liquidator's sights on former directors
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NZ businessman contradicts Selim over stake ownership
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How Kaye tried to dig dirt on foe
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National Textiles weaves repayment plan
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Italy:

Parmalat meeting may be chief executive's day of reckoning
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Debt concerns curdle Parmalat shares
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Parmalat To Name Board Resignations, Governance Changes
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Capitalia Chairman to Stand Trial
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Japan:

Corporate bankruptcies fall 21%
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Japan's Vissel Kobe club to seek bankruptcy protection
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Boards here in need of outsiders: U.S. headhunter
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Korea:

Woori plans to merge credit card business
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Creditors of Korea's HEC to roll over debt
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Malaysia:

Wing Tiek to proceed with debt restructuring scheme
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Indonesia:

How to make a billion bucks
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Pakistan:

IMF wants bankruptcy law
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South Africa:

Top FNB Official Takes Blame for RAG Loan Error
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India:

The SICA Repeal Bill Passed In LS
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