December 30, 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

         
Reopening, But as What? Buyer quiet on FAO plans
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New York City's FAO Schwarz Store Holds Going-Out-of-Business Sale
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Bankruptcy lawyers see booming business
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Promoter Fey faces creditor petition
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Corporate Reform:

Options Cut Value Of CEO Pay
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CEOs' average pay? $11.3 million
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IRS is taking a hard look at executives' pay
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Leash on travel loosens for HealthSouth figure
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Govít Bid in Martha Stewart Case Rejected
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Accounting:

Grant Thornton starts probe of Italian unit
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Parmalat Scandal Embroils Big Accounting Firm with Chicago Roots
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Better Reporting for Intangible Assets
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Airlines:

United to reward workers with cash
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U.S. Retailers Head for Biggest Holiday Gains in Four Years
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Pittsburgh Declared "Distressed," to Get State Help for Fiscal Overhaul
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NYSE Moves to Delist Interpool
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International Wire Seeks Debt-Restructuring Deal
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California Credit Counseling Agencies Merge in Effort to Survive
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DA Consulting Files Chapter 7
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A Laggard IRS Says Its Cracking Down
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Cruise line bankruptcy strands hundreds
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Checkmate Files for Chapter 11 Protection
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Hopeful writers thought signing with publisher Creative Books was a great idea -- until the firm abruptly filed for bankruptcy
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Debt dampens holiday revelry
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Fed's Folly Will Come Due in 2004
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American Tower subsidiary files for Chapter 11
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  Energy:

Mirant To Appeal Court Ruling In Pepco Contract Dispute
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Steel:

Steel Mill Asks Court to Approve Secret Worker Pay Plan
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Fansteel Reaches Settlement with State of Oklahoma
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The Importance of Returning Calls . . . :)
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Telecoms:

Verizon to Settle With MCI for $169M
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A New Global Crossing Journeys Back From Bankruptcy
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Enron:

Enron loses bid for SEC exemption
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Enron to Present Reorganization Plan
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Enron Bankruptcy Examiner's Fees Soar
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Fastow jurors to get 36 questions
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More Trials of Enron Execs to Get Underway Next Year
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Law:

Fagan demands billions from UBS
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New Rules for Tax Shelters
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At Bonus Time, Firms Try To Rein In Associate Expectations
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Atlanta law firm No. 2 on magazine's 'best company' list
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Know the Lingo
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Canadian law firms compete to attract lucrative U.S. deals
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Top Firm Absorbs Boutique to Open New Market
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One NY Firm Swallows Another
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National Firm Acquires IP Boutique
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Philly Firms Team Up to Find New Offices
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Imperial Home Decor Group files for bankruptcy protection
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Landmark Las Vegas restaurant files bankruptcy, closes
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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UK:

Lehman finalizes £700m Le Meridien rescue plan
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Italy:

Parmalat Boss 'Knew of Fraud'
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Additional Parmalat Stories . . .

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Canada:

Boutiques' CEO departs quickly
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Doman Lumber given another reprieve
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Canadians ringing up huge debt
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France:

Rhodia in talks to delay repayment
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Germany:

IG Farben Shareholders Demand Compensation from UBS
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Australia:

Coal mine fire pushes Gympie Gold into receivership
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Gympie Gold's Creditors Appoint Receivers After Coal Mine Blaze
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China:

Chinese tycoon of bankrupt SOE company executed as graft crackdown continues
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Japan:

Bankrupt companies failed to disclose risk information
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Russia:

Deposit Insurance Bill Signed
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Half Of Bankruptcies In Russia Were Ordered By Competitors
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