December 24, 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

         
FAO:

Judge Blocks FAO Sale Of Right Start Stores
(DBN Subscription Required)

1 Down, 1 To Go Bin Bids For FAO
(DBN Subscription Required)

__________________

Toy Sellers Wish for Just a Bit of Evil
(NYT: separate free registration required)

Santa Claus Files Chapter 11
(DBN Subscription Required)

Airlines:

Airlines' future uncertain
(DBN Subscription Required)

UAL Posts $75 Million Loss for November
(NYT: separate free registration required)

Delta to cancel executive bonuses
(DBN Subscription Required)

No bonuses this year for Delta's top brass
(DBN Subscription Required)

Li to give Air Canada creditors more shares
(DBN Subscription Required)

'18 cents on the dollar' for Air Canada creditors
(DBN Subscription Required)

Details of Li bid revealed
(DBN Subscription Required)

Li's Air Canada deal best bet for creditors
(DBN Subscription Required)

United parent again meets its bankruptcy requirements
(DBN Subscription Required)

United bails out on deal with Thai - US airline's creditors reject `low' prices for used 747-400s
(DBN Subscription Required)

American Airlines Has Money in the Bank, but Carries Bigger Debt
(DBN Subscription Required)

_________________

Judge OKs Bankruptcy Court's adoption of Scout Platoon troops
(DBN Subscription Required)

Steel:

WCI's losses, sales worsen
(DBN Subscription Required)

Steel sees big changes
(DBN Subscription Required)

Owners of Warren, Ohio-Based Steel Maker Hope to Leave Bankruptcy by June
(DBN Subscription Required)

______________________

Corporate Reform:

Their Day in Court / Execs accused of corporate crime to face trial
(DBN Subscription Required)

Agents say Cal. fund really Ponzi scam
(DBN Subscription Required)

Messier Gets $0
(DBN Subscription Required)

TV Azteca may have violated U.S. securities laws
(DBN Subscription Required)

Manulife Financial receives subpoena
(DBN Subscription Required)

Vivendi Pays $50 Million in Settlement With S.E.C.
(NYT: separate free registration required)

_________________

Back to basics - Wynns returns to its roots to combat bankruptcy
(DBN Subscription Required)

Bankrupt Las Vegas resort gets OK to borrow $10 million
(DBN Subscription Required)

Funeral Services Held for President of Troubled Lancaster, S.C., Car-Loan Firm
(DBN Subscription Required)

Buyers Came Back To Corp Bonds With A Vengeance in '03
(DBN Subscription Required)

Good News Emerges from Portland, Ore., Investment-Fund Scandal
(DBN Subscription Required)

Championship Auto Affiliate Lists Largest Unsecured Creds
(WSJ: separate paid subscription required)

 

  Energy:

PG&E bailout deal lands lawyers $227 million
(DBN Subscription Required)

PG&E fire not noticed for 2 hours / Utility admits oversight made blackout worse
(DBN Subscription Required)

NorthWestern wants more time to compile bankruptcy plan
(DBN Subscription Required)

Utility takes responsibility for blackout in San Francisco
(DBN Subscription Required)

NRG Energy, Inc. Closes $2.7 Billion Financing
(DBN Subscription Required)

_______________

Telecoms:

Citi Pays Out $1.5m In Worldcom Snafu
(DBN Subscription Required)

WorldCom will get refund from Goldman Sachs
(DBN Subscription Required)

Sullivan to Face New Allegations
(DBN Subscription Required)

Fastnet sheds money-losing Web business
(DBN Subscription Required)

_______________

Law:

Lawyers Spar Over Note in Chrysler Case
(NYT: separate free registration required)

More Leading NY Firms Announce Year-End Bonuses
(DBN Subscription Required)

Top DC Firm Announces Bonuses
(DBN Subscription Required)

Top Firm Faces Loss of Major Clients, Partners and Revenue
(DBN Subscription Required)

Firms Faced Economic Challenges in 2003
(DBN Subscription Required)

Law firm faces record £6.8m payout for "glass ceiling" sex bias
(DBN Subscription Required)

________________

Enron:

Dabhol foreign lenders spike plan to exit at a discount
(DBN Subscription Required)

Agreement reached but details few in Enron broadband case
(DBN Subscription Required)

_________________

Hospital's employees hope for pay - Bankruptcy court will be asked for OK
(DBN Subscription Required)

Santa Paula hospital seeks bankruptcy protection
(DBN Subscription Required)

West Suburban Hospital in financial bind
(DBN Subscription Required)

Penthouse Gets Another Whack
(DBN Subscription Required)

Physician-contract firm sold in court battle
(DBN Subscription Required)

Court Approves New $8 Million Phy-America Loan Facility and Enjoins Former Executive from Interfering with Reorganization
(DBN Subscription Required)

U.S. Stock Funds Post Biggest Gains Since 1999 With 30% Advance
(DBN Subscription Required)

Goldendale Smelter Owner Files for Bankruptcy
(DBN Subscription Required)

Construction begins on new Mississippi bankruptcy court
(DBN Subscription Required)

Some Find an Ailing Companyís Debt Attractive
(NYT: separate free registration required)

Larry Owen Says He's A Scapegoat For Carolina Investors' Failure
(DBN Subscription Required)

Philip Services to delist from Toronto stock market
(DBN Subscription Required)

Mistrial Declared in Larceny Trial of Orlando, Fla.-Based Investment Advisers
(DBN Subscription Required)

 

New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

UK:

Angry Leeds fans demanding an inquiry
(DBN Subscription Required)

_________________

Canada:

San Francisco chain cuts shop value by $38M
(DBN Subscription Required)

Pay your taxes, firms told
(DBN Subscription Required)

Not much cheer in an ailing steel industry
(DBN Subscription Required)

Doman earns yet another extension
(DBN Subscription Required)

____________________

Italy:

Parmalat Has Filed For Bankruptcy Protection
(WSJ: separate paid subscription required)

Parmalat to seek bankruptcy protection
(DBN Subscription Required)

Bank Boss Stands Firm
(DBN Subscription Required)

Parmalat Probers Are Likely to Focus On Role of Banks
(WSJ: separate paid subscription required)

Investigators Outline Parmalatís Efforts to Hide Liabilities
(NYT: separate free registration required)

Parmalat to File for Bankruptcy After Rules Eased
(DBN Subscription Required)

Scandalís Intricacies Put Grant Thorntonís Italian Unit Under Pressure
(NYT: separate free registration required)

Grant Thornton Says Parmalat, Enron Parallel Reckless
(DBN Subscription Required)

Italian Officials Say They Suspect $11 Billion Ruse at Parmalat
(NYT: separate free registration required)

Parmalatís Auditors and Banks Accuse Each Other
(NYT: separate free registration required)

'We'll never see Parmalat money'
(DBN Subscription Required)

Creditors face Parmalat crunch, scramble to hire advisors
(DBN Subscription Required)

EU Demands Information On Italy's New Insolvency Decree
(DBN Subscription Required)

Parmalat to look after creditor interests
(DBN Subscription Required)

Parmalat 'missing up to Ä10bn'
(DBN Subscription Required)

Parmalat 'poised for protection'
(DBN Subscription Required)

Follow the exit sign
(DBN Subscription Required)

Italian dairy giant's scandal may bring far-reaching changes
(DBN Subscription Required)

Echoes of Enron in Italian scandal
(DBN Subscription Required)

Parmalat's Aussie assets shaky
(DBN Subscription Required)

Parmalat Has $11B Shortage
(DBN Subscription Required)

Deutsche Bank Has 5% Stake in Parmalat
(DBN Subscription Required)

Parmalat enters bankruptcy protection
(DBN Subscription Required)

Crisis powers invoked to save Parmalat
(DBN Subscription Required)

________________

Korea:

SK Corp. Falls as Sovereign Fails in Bid to Stop Sale
(DBN Subscription Required)

Auction of LG Card Fails to Draw Bidders
(NYT: separate free registration required)

________________

Argentina:

Argentina debt talks tenor seen worrying IMF
(DBN Subscription Required)

Argentina Lavagna Wants Changes To Senate Bankruptcy Bill
(WSJ: separate paid subscription required)

Argentina Judge OKs 1st Debt Restructuring Under New Law
(WSJ: separate paid 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