February 4, 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

         

Operator Of Comdex Files For Bankruptcy
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Rival to Comdex Show Considered
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Weisel to bail out Key3Media
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Telecoms:

BofA wins round with WorldCom
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WorldCom axes 5,000 staff
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Bank Of America OK'd To Use WorldCom Cash To Repay Debt
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Glens Falls ISP files for bankruptcy
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Good news kills Globalstar deal
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Integrated Telecom Wins Approval of Disclosure Statement
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WorldCom/Cost Cuts: To Cut Line Costs By $1.5 Billion
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Hockey:

Buffalo Sabres buyers skate away
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Mark Hamister Can't Meet Deadline to Buy NHL's Sabres
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Buffalo Sabres Put on Open Market by NHL
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Hamister Urges Others to Bid on Sabres
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NationsWay officers not liable for back wages
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Developer grabs Jacobson's site
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Deal Clears One Hurdle in Boulder, Colo., Disc Maker's Bankruptcy Case
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Puerto Rico's largest chicken processor stops work, files for bankruptcy
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Law Firms:

Technology Firm Skjerven Morrill to Dissolve
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S.J. law firm Skjerven to shut its doors
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Akin Gump adds 18 Brobeck attorneys
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Morgan Lewis Courting Some Brobeck Lawyers
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Losing Talent to the Federal Bench
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The ABCs of How Law Firms Reward Hard Work
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Selling It: Marketers Make the Difference
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Shutts & Bowen adds 2 bankruptcy attorneys
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Bankruptcy court to review new Great Northern loan proposal
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Airlines:

United denies flight cuts to Australia
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Bankruptcy looms over American Airlines
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US Airways posts $794 million fourth quarter loss
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UAL bled $7 million a day in operations
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Unions Question United's Proposal
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United cannot be fixed as currently structured, says Tilton
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Europe, Some U.S. Airlines Want to Ease Rules against Foreign Ownership
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Will AMR hit bankruptcy next?
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US Airways, Airbus restructure agreement
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3rd Circuit Rules State Law Irrelevant for Work-Product Claims
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World Kitchen emerges from bankruptcy
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American Commercial files for bankruptcy
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Department Stores Reinvent Themselves in Effort to Remain Relevant
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Ocean Journey gets more time to fend off foreclosure
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Steel:

Bankruptcy Court Lets Bethlehem Steel Amend Loan, Pay Fee
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Federal budget may cut steel aid programs
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Final OMC trustee lawsuits may have been filed
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Energy:

Icahn could gain Panaco
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Panaco files reorganization plan
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Frisby fires president
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20 optical stores in Arizona are closed, may be in bankruptcy
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Kmart:

Fleming, Kmart End Food - Supply Contract
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Grocery supplier out at Kmart
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Oakwood closes on $140M in financing
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Goldman Industrial Asks Court To Convert Case To Ch 7
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Tulsa, Okla., Cabinet, Table Builder Files for Bankruptcy Protection
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New Bankruptcy Opinions
(1 new opinion 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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Conseco:

Conseco banks ready to flex muscles
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Conseco Finance puts 18 units in bankruptcy
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Conseco Trust Pfd Holders Reject Reorganization Plan
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Conseco Finance Buyer Requests Added Chapter 11 Petitions
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Burger King Corporation Launches Franchisee Financial Restructuring Initiative
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FAO, Inc. Files Plan of Reorganization and Disclosure Statement
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Harvard wins on liquidation
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Denver: Trustee appointed in Hoover bankruptcy case
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Enron:

Enron's Real Financials
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Creditors sue ex-Enron chief, wife
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Enron Holders Lose Appeal of Dynegy Settlement
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Probex debt payment unlikely; may seek bankruptcy
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Asbestos:

Battle Builds in Texas Legislature over Asbestos Litigation
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Japan:

Self-declared bankruptcies top 200,000 in 2002
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Sogo head shrugs off rivals' criticism
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Canada:

SaskPool restructuring set for approval
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Wheat Pool may be saved from folding
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England:

Graduates’ Bankruptcy Loan Loophole Closed
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Korea:

South Korea's credit card headache
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