January 17, 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

         

Adelphia:

Adelphia Seeks Rigas' Real Estate
(DBN Subscription Required)

Adelphia Founder Agrees to Give Up Condos
(DBN Subscription Required)

Adelphia Founder Denies Looting His Former Company
(DBN Subscription Required)

___________________

Intellisec Confirms Plan of Reorganization
(DBN Subscription Required)

NTL: Court Won't Mull Revoking Reorganization Plan
(DBN Subscription Required)

Bank's Absence From Court Costs $9.25M - Default judgment stems from a suit over a bad-check warrant
(DBN Subscription Required)

Incentive Confrontation - A bitter dispute over bonuses highlights the hazards of incentive pay
(DBN Subscription Required)

Enron:

Enron deciding what to do with assets, procedure for claims
(DBN Subscription Required)

Grand jury asks about Lay's loans in Enron case
(DBN Subscription Required)

Enron Deciding Whether to Sell Big Some Assets
(DBN Subscription Required)

S&P comments on Enron unit PGE
(DBN Subscription Required)

FX channel taking its time to do Enron movie 'right'
(DBN Subscription Required)

JP Morgan Execs Face Grand Jury on Enron
(DBN Subscription Required)

_______________________

FAO Schwarz:

FAO Schwarz seeks to close some stores
(DBN Subscription Required)

Fun's Over for 5 Zany Brainy Stores
(DBN Subscription Required)

Bellevue mall sues ailing toy retailer FAO Schwarz
(DBN Subscription Required)

___________________

Eagle Gate Ordered to Pay Past-Due Loans
(DBN Subscription Required)

Kmart:

N. Texas Town Takes Kmart Closing Hard
(DBN Subscription Required)

Kmart Seeks Approval Of Photofinishing Deal With Kodak
(DBN Subscription Required)

_____________________

Accounting:

Tycoon Sues KPMG, Bank Over Tax Woes
(DBN Subscription Required)

Andersen condemned in scandal - Australian Royal Commission blasts Andersen in insurance inquiry
(DBN Subscription Required)

SEC Adopts New Rules on Several Sarbanes Oxley Provisions
(DBN Subscription Required)

SEC Meeting to Tackle Tough Issues
(DBN Subscription Required)

__________________

Warnaco:

Warnaco set to emerge
(DBN Subscription Required)

Warnaco reorg plan sheds 2B in debt
(DBN Subscription Required)

_____________________

More Charter Problems, Prepack Speculation
(DBN Subscription Required)

Credit card issuers can pile on when you slip up
(DBN Subscription Required)

Subsidiary problems led to delay in loan extensions, Magellan says - It fears forced bankruptcy if denied another waiver
(DBN Subscription Required)

Steel:

Steelworkers finance plants
(DBN Subscription Required)

Steel deal tests the mettle of Wilbur Ross
(DBN Subscription Required)

Special Metals Wins Plan Filing Exclusivity Extension
(DBN Subscription Required)

______________________

Fresh twist in Regus bid saga as US fund Indigo lifts voting stake to 13%
(DBN Subscription Required)

Energy:

PG&E Unit Defaults on Debt, Plans to Take Charges
(DBN Subscription Required)

PG&E sees "substantial" unit charges in 2002-2003
(DBN Subscription Required)

___________________

Financial woes fail to dent the popularity of corporate bonds
(DBN Subscription Required)

Bank One's profit rises 10% in 4th quarter
(DBN Subscription Required)

Court Blocks Other Plans For L&H As Co Deals With Ex-Owner
(DBN Subscription Required)

A Grandmaster of Chess Faces Checkmate Over Failed Web Site
(WSJ: separate paid subscription required)

Easton Radiology Associates files for Chapter 11
(DBN Subscription Required)

  Polaroid:

Did Polaroid orchestrate its own bankruptcy? examiner to investigate
(DBN Subscription Required)

Independent examiner appointed in Polaroid case
(DBN Subscription Required)

____________________

Law Firms:

Firms tap 4 Hill & Barlow lawyers
(DBN Subscription Required)

Sheppard Mullin to Build a Major Institutional Entertainment, Media & Communications Practice
(DBN Subscription Required)

Ex-Partner Sues Over Merger Payout
(DBN Subscription Required)

Malpractice Claim Against NY Firm Revived
(DBN Subscription Required)

Law firm settles with 'midriff showing' secretary
(DBN Subscription Required)

Fulbright elects new chairman
(DBN Subscription Required)

V&E renews downtown lease
(DBN Subscription Required)

_____________________

Mapmaker Rand McNally Plans a Chapter 11 Reorganization
(DBN Subscription Required)

Never Mind Pesky Scandals -- Execs See Home Values Soar
(WSJ: separate paid subscription required)

Asbestos:

ABB agrees bankruptcy deal with asbestos lawyers
(DBN Subscription Required)

ABB asbestos deal
(DBN Subscription Required)

ABB Says It Still Needs 75% OK Vote From Claimants
(DBN Subscription Required)

ABB Pays Slightly More for Asbestos Deal
(DBN Subscription Required)

__________________________

Investment-Grade Default Rate Sets Record
(DBN Subscription Required)

Scandal Sheet: The blame game
(DBN Subscription Required)

Hockey:

Report says Bryden offering $90-million
(DBN Subscription Required)

Hockey, hockey everywhere
(DBN Subscription Required)

NHL needs to pare and share
(DBN Subscription Required)

NHL teams in doldrums
(DBN Subscription Required)

N League commissioner Gary Bettman has promised to do his HL:Creditors left to gamble over fate of Ottawa Senators franchise
(DBN Subscription Required)

Buffalo deal close, would-be owner says
(DBN Subscription Required)

Ownership may not make cents
(DBN Subscription Required)

End of U.S. TV deal spells big trouble for NHL
(DBN Subscription Required)

El Paso Buzzards feel Senators' pain
(DBN Subscription Required)

Three unpaid Buffalo Sabres players could become free agents
(DBN Subscription Required)

Hamister Won't Meet NHL Deadline on Sabres Purchase
(DBN Subscription Required)

Los Angeles Kings prez says NHL club in red ink, waiting for 2004
(DBN Subscription Required)

Team may petition to leave AWA glass
(DBN Subscription Required)

______________________

Telecoms:

XO Communications Emerges From Ch. 11
(DBN Subscription Required)

WorldCom Objects To BofA Request; Seeks To Recover Funds
(DBN Subscription Required)

Globalstar Would Have To File Plan By Jan 30 Under Deal
(DBN Subscription Required)

XO Exits Bankruptcy with Carl Icahn in Control
(DBN Subscription Required)

Icahn charts course for XO
(DBN Subscription Required)

EU Approves Hutchinson - Led Deal for Global Crossing Stake
(DBN Subscription Required)

____________________

Frisby Technologies, Inc. Files Voluntary Petition For Chapter 11 Reorganization
(DBN Subscription Required)

Maxcor Fincl Gets Preliminary Relief From Bankruptcy Crt
(DBN Subscription Required)

Buoyant retail business benefits banks
(DBN Subscription Required)

Shipyard's New Owner Is Quincy, Mass., Auto Dealer
(DBN Subscription Required)

Budget to sell Europe units
(DBN Subscription Required)

Hughes CEO:Latin America Unit May File Bankruptcy In Jan
(DBN Subscription Required)

Corporate officers personally liable for unpaid motor fuel taxes
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Airlines:

Ruling threatens unity of UAL creditors
(DBN Subscription Required)

Judge sorts through US Airways reorganization plan
(DBN Subscription Required)

Delta Reports Loss of $363 Million For Fourth Quarter; Blames 9-11
(DBN Subscription Required)

Delta's Pension Woes Show Airline Sector Faces Problems
(WSJ: separate paid subscription required)

Bank One CEO -2: Has Contingency For United Air Card Ops
(DBN Subscription Required)

EDC exposed to UAL's Chapter 11
(DBN Subscription Required)

Judge approves GE Cap money for US Airways
(DBN Subscription Required)

Whirlpool to Take Charge Related to UAL
(DBN Subscription Required)

US Airways CEO: pilot pension payments must be cut or restructured
(DBN Subscription Required)

American Asks Staff to Keep It Flying
(DBN Subscription Required)

Goodjet applies for bankruptcy
(DBN Subscription Required)

Major Moscow-based airline pronounced bankrupt
(DBN Subscription Required)

______________________

FleetBoston Cutting 1,900 Jobs
(DBN Subscription Required)

Shilo Inns bankruptcy revamping off track
(DBN Subscription Required)

Bankrupt developer pleads Fifth in creditors' hearing
(DBN Subscription Required)

Visitors drying up at Ocean Journey
(DBN Subscription Required)

Canada:

3 Canadian retailers go under
(DBN Subscription Required)

Goldfarb's Fleming Packaging unit facing bankruptcy
(DBN Subscription Required)

Cotton Ginny may close 100 stores
(DBN Subscription Required)

Unsure Times for Insurer Fairfax Financial
(DBN Subscription Required)

Au Coton, Stokes seek protection from creditors
(DBN Subscription Required)

Accept restructuring or face bankruptcy filing, Sask Pool tells note holders
(DBN Subscription Required)

Mosaic closes division, cuts 25 jobs after losing key clients
(DBN Subscription Required)

Pool Announces Proposal To Noteholders
(DBN Subscription Required)

Orchestra's fate now up to Ottawa
(DBN Subscription Required)

______________________

England:

Complex law protects companies from unsettled accounts
(DBN Subscription Required)

Debt: Your questions answered
(DBN Subscription Required)

__________________

Japan:

Japan's Hazama To Book 110 Billion Yen One-Time Loss
(DBN Subscription Required)

__________________

China:

Government to Control Foreign Debt
(DBN Subscription Required)

___________________

Argentina:

Argentina secures $1bn loan reprieve
(DBN Subscription Required)

Argentina's everyday fight for survival
(DBN Subscription Required)

_____________________

Hong Kong:

Hong Kong 2002 Personal Bankruptcy Orders 25,328 Versus 9,151 In '01
(DBN Subscription Required)

___________________

Australia:

HIH collapse inquiry spreads to engulf Australia's elite
(DBN Subscription Required)

_____________________

Germany:

U.S. intervenes in Kirch sale
(DBN Subscription Required)

U.S. Bidders Want Hearing for KirchMedia
(DBN 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.

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