February 13, 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

         
Farmland:

Farmland hopes to keep bank accord secret in court hearings
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Farmland hopes to keep deal private
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Letter from Delaware: Manhattan transfer
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Bankruptcy Reform:

Greenspan urges passing derivatives bankruptcy measure
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Enron:

$5 billion in assets at stake
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Enron tax moves mystified IRS
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Enron tax report "will cause outrage"
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Enron Report To Identify Consultants
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Senator: 'Eye-Popping' Enron Deals Found
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NewPower's plan is confirmed

Enron sues Snohomish County PUD for $116 million
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ISO orders Enron not to trade in California / Texas firm's figures were off, it says
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For Retirees, No Benefits Guarantee
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Pension crisis may be worst in history
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Uniroyal Tech Reaches Deal To Pay Retirees Through April
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Mapping it out
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Adelphia:

Union Asks Bankruptcy Court to Block Pay Package for Top Adelphia Executives
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Adelphia Seeks More Time To File Chapter 11 Plan
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Asbestos:

Armstrong World Industries, Property Owners Come to Terms
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ABA Joins Call for Congress to Set Medical Standards for Asbestos Litigation
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Owens Corning Asbestos Claimants Fight New Claim Rules
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Accounting:

Accounting Firm's Boston Office Probed in Investigation of Tyco's Loan Abuses
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Former SEC leader predicts scandal on executives' taxes
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Pittsburgh accounting firms merge
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Tax Laws on Former U.S. Citizens Not Being Enforced
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Audit is an opinion and not a guarantee
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Cita Biomed May File Chap 11 If It Can't Raise Capital
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Steel:

Cold Metal Products sets deadline for bids
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Bethlehem Steel CEO says up to 4,000 will lose jobs
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Steel industry gains but retirees lose
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Wells Fargo Targets California Lender-Licensing Rule
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Corporate Reform:

Wall St seeks to limit reforms set by settlement
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Sprint's troubles raise issues over SEC reporting requirements
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Sprint Garnered Tax Benefits From Executives' Use of Options
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Pain of Wall Street Settlement To Be Eased by U.S. Taxpayers
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Just when some thought the 1990s greed barometer could get no more repugnant
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Getronics sweetens offer to bondholders
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Maxxim filing stings Fox Paine
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Reno: Lee & Associates files for bankruptcy
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  Airlines:

Big airlines eye cheap rivals
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Delta Pilots Shun Talks on Cutting Labor Costs
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Politicians wary of 'boy who cried wolf' in US airline crisis
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U.S. Military's Rising Demand Boosts Jet Fuel Prices, Burdens Airlines
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US Airways on track for recovery
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US Airways' pilots blast pension cuts as illegal
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United Provides Some Specifics on New Airline
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Northwest Exec Says Airline Industry Must Cut Labor Costs
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American may add a low-fare airline - Wall Street wary; workers are too
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Midwest Express to Terminate Deal with Two Frequent-Filer Program Partners
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United says creditors challenging CEO's contract
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Creditors of Swissair will divide less than R3bn
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Why United needs a low-cost airline
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Swissair chiefs "ignored warnings" of collapse
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Travel agents shore up defenses against airline insolvencies
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Metromedia creditors press IPO claims
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How National Century Fell Through the Cracks
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Corpus Christi, TX: Case Starts for $100M Rosche Bankruptcy Plan
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Conseco Judge: Firms Must Turn Over Documents By Friday
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Jury verdict forces sports agent Dunn to bankruptcy protection
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Kmart:

Kmart seeks to void contract
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Fleming to fight Kmart over contract
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Fleming to stop shipping to Kmart in early March
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Fleming heads to court over Kmart supply deal
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Amended lawsuit claims Fleming executives misstated books
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Date Set for Ex-Kmart Exec's Deposition
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Telecoms:

Mortgages, Liens Festoon Former WorldCom Executive's House
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NextWave's Slate Not Clear Yet
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Asia Global Crossing Notes Trustee Seeks To Make Payment
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Communication Dynamics Seeks To Extend Exclusive Period
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Energy:

El Paso Stock Hits Bottom on Credit Fears
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McDermott says it has critical lending agreement
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The hazards of Duke
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Wherehouse Entertain Resolves Closing Sales Objections
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Court Approves Liquidation of Bankrupt Boulder, Colo.-Based DataPlay's Assets
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St. Louis firm invests in Classic Communications
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RoweCom:

Bankrupt magazine supplier leaves library in lurch
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RoweCom: Enron of the library world?
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Tax evader seeks bankruptcy protection
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Three Industry Veterans to Guide Future of Great Northern Paper Inc.
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Houma, LA: Shrimp processor seeks bankruptcy protection
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First Reserve Corporation and Dresser, Inc. Announce Successful Auction Bid for Assets of Tokheim North America
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Troutman's Emporium to Close 34 Stores
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DIP Dimensions: Telscape International
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Burlington:

Competition for Burlington Heats Up
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Ross calls Buffett offer for Burlington "covert"
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Burlington stockholders lose
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Burlington Creditors Oppose Buffett's Bid, Ross Says
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Ross claims he can derail buyout
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Burlington Indus Files Ch 11 Plan Based On Berkshire Deal
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Hand-to-hand combat

Heilig-Meyers Gets OK To Extend DIP Loan Through Oct 31
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Owners Put Big-League Teams Up for Sale as Losses Mount
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Law Firms:

Brobeck barristers find home at Baker & McKenzie
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Andrews & Kurth grabs nine Brobeck attorneys
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Altheimers urges staff to bill clients for phone calls
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Bob Dole to join Alston & Bird
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More Brobeck partners find new perch
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Financial Strings Tie Up Brobeck Refugees
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Brobeck Staffers Plan Suit Over Unused Benefits
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Couderts set for vote
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Morgan Lewis Now Faces Housing and Supporting Its Brobeck Hires
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Weil Gotshal hires Brobecks corporate team
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US Square Mile assault shows no sign of slowing
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Gouldens top brass push through Jones Day merger
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One-third of lawyers forecast high profile UK firm collapse
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Lagarde set to extend reign as Bakers chief
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England:

Nomura Wins CSFB Court Case; CSFB Looks To Appeal
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Gambling empire facing jobs threat
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Centrica hoping to dodge the nuclear fallout
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British Energy Creditors' Decision Seen Late Thursday
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Greenpeace Files European Lawsuit On British Energy Loan
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Scotland:

More Scots firms failing than before
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Canada:

Both personal and business bankruptcies fell in December from November
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Japan:

Deep in debt, thousands of Japanese declaring bankruptcy
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Germany:

U.S. billionaire Haim Saban still in race to buy assets of Germany's bankrupt KirchMedia
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Korea:

Bankruptcy bill bows to unions
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Ireland:

Belfast lawyer faces bankruptcy in tax row
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