February 18, 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

         
Telecoms:

U.S. Could Sink Global Crossing Deal
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Globalstar Reaches New Financing Agreement
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Promoters of bankrupt Colorado telco swindlers, SEC charges
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Law Firms:

Brobeck partners kept in dark on closure vote
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Collapse tied to partner, client exodus - Tech crash began the firm's downward spiral
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Quiet End as Brobeck Shuts Its Doors
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Mum's the word from Philly as law jobs get sucked out of S.F.
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Morgan Lewis Ready to Go in California
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A Prix Fixe Deal
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NY Firms Still Seeking Lavish Offices
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Clifford Chance Hunts for New Manhattan Digs
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A&O goes full service in NY
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Dorseys hires seven-partner Brobecks team
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Interviewing: It's Different Farther Down the Road
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Sinking Firm Tries To Wrap Up Its Leases
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Venture lawyer shuffle
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FTI Consulting sees growth in bad times
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Mace David Howell Jr. investors caught in web of Ponzi finance scam
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Steel:

Kentucky Electric Steel's interim CEO resigns
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LTV asks court for sixth extension
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Survivor steelmakers pick through failures
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National Steel loses $148.7 million in 2002
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Financier Warren Buffett Buys Stake in Two Bankrupt North Carolina Companies
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UAC fall spurs blame game
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Third Circuit Upholds Primacy of Internal Revenue Code Statute of Limitations in Bankruptcy Proceedings
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Future of RFS Ecusta mill on the block
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Trial against First Alliance banker to begin in Santa Ana
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Chicago-Based Information-Technology Firm Divine Trying to Raise Cash
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Pay attention at the back. A man with a beard is going to talk about derivatives
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IRS wants proof a stock is dead
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Motel companies once owned by John Bray file for Chapter 11
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  Conseco Finance sale bid hits another snag - Unsecured creditors of Conseco Finance Corp. want to propose a reorganization plan
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Airlines:

Airlines Turn to Workers for Big Savings
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Fliers get protection if airline goes bankrupt
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UAL CEO's Flight Plan: 'It's About Customers'
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French commercial court rules Air Lib to be liquidated
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United bonds carry high risk
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Northwest scuttles attempt by competitors to raise fares
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As bad as it gets?
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Airline hopes budget stops the bleeding
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Area snowstorm adds to struggling airlines' woe
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Securities Case Offers Hope to Fraud Plaintiffs
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Air Canada demands massive concessions
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Enron:

Enron Seeks More Time To File Plan
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US wants resumption of Enron project in India
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Dim fate for broadband - Enron leaped, then watched as market fell
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Long shadow of Enron shades energy traders
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Lawmakers Eye Tax Cheats
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Irvine, Calif., Bank Borrowers Say Lehman Brothers Facilitated Fraud
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Securitisation In The Cayman Islands
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Energy:

Gas and power debt approaching critical mass
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Asbestos:

ABB Shares Soar on Early Bankruptcy Filing for U.S. Unit
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ABB 's US unit files for bankruptcy
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ABB/Chapter 11: Less Than 1,000 Votes Against Plan
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Salty's loses lawsuit against the IRS
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UPC Doesn't Reveal Chapter 11 Vote
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Campus libraries stiffed after magazine service declared bankruptcy
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Hockey:

Buzzards on sale online for less than $1 million
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Effort Fails to Save Fort Wayne, Ind., Gas-Pump Maker Tokheim from Folding
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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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Farmland's request to close part of hearing approved
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An unbearable bankruptcy auction
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Retailing:

Loss of Troutman's Weighs on Eugene, Ore.
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Kmart:

Lampert works from inside
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Kmart keys on 2 fired execs
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Accounting:

The world according to Sarbanes-Oxley
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Hot Issues Await Donaldson In First Days at SEC's Helm
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Corporate Reform:

A Good Board Member Is Hard to Find
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Hospital, Creditors Come to Terms
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Argentina:

Samurai Holders to Meet with Argentina in March
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England:

Former Equitable directors fear costs
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Canada:

British Columbia Securities Commission: Burns Lake Company Directors Found Fraudulent
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Consumer bankruptcies in Ontario increase in 2002
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Japan:

Failures down in January but liabilities rose
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Bleak outlook for Japan's economy
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South Africa:

Slowdown in liquidations and bankruptcies likely to continue
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Russia:

Russia's SBS-Agro bank declared bankrupt
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Germany:

MobilCom founder saddled by debts
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