July 11, 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

         
Asbestos:

Divided Senate panel approves asbestos fund
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Asbestos trust fund advances in Senate
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Asbestos victims' fund hits a snag
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USG, EnPro, Halliburton Watch Asbestos Bill Move to Full Senate
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Stocks With Potential Asbestos Liability Slide
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ABB asbestos plan OK'd
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$1.2b asbestos settlement is approved for ABB Ltd.
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ABB's Shares, Bonds Surge After U.S. Asbestos Ruling
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Law Firms:

This Year's Law School Graduates Face Tight Job Market
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Arent Fox Looks for Footing on Rough Road
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Law Firm Paralegal and Husband Sue Cruise Lines over Incident That Booted Them from Ship
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Akin Gump splits off bulk division
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New Firm Set to Emerge From Arter's Wreckage
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U. Florida law school's namesake draws criticism
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Getting Back to Those Law Firm Roots
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Appeals Court Rules in Favor of West Palm Beach, Fla., Lawyer
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Law Firm Drops Freddie Ex-CEO Case; Represents Foe
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Allen & Overy London gains two US Law partners
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Boston Law Firm Nixon Peabody Leases New Downtown Space
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Clifford Chance cuts Hong Kong salaries
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Austin: Woman admits embezzling $400,000 from law firm
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Renaissance Mark wins Fleming Packaging auction
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Accounting:

Deloitte expects to be UK's top accounting firm
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Clients leave as Deloitte merges consultancies
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Energy:

Analyst says Mirant likely to file for bankruptcy
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Downgrade jolts stock of Mirant
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Cousins Sees Effect On Ops If Mirant Rejects Property Lease
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FERC Asks Appeals Crt Not To Let NRG Shed Pwr Contract
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Bankruptcy Court Allows NRG To Reject 10 Contracts
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Regulators Deny NRG's Bid to Cut Off CL&P Power Supply
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Court Gives Interim OK For Bondi To Head National Energy Group
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S&P raises Chesapeake Energy corporate credit rtg
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Today's Man gets extension for reorganization plan
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NES Fails Interest Payment; Ratings Lowered; Bankruptcy Possible
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Creditors File Involuntary Against Ky. Former Hazardous-Waste Firm
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  Top bankruptcy lawyer has no Florida license
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SEC Freezes Assets of Michael Lauer's Hedge Funds
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Enron:

Enron reorg to include Portland General stock
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Enron's Creditors to Get Peanuts
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Enron Prepares to Emerge From Bankruptcy
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Enron plans to emerge from bankruptcy as two companies
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New trial date is considered in Enron claims
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Filing for new Enron due
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In a hurry for Enron trial? October 2005 looking good
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Most Enron Creditors to Get 14.4 to 18.3 Cents on Dollar
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Eleventh Circuit Considers a Debtor's Obligations Before and After Rejection of a Commercial Lease
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Bankruptcy court goes online
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Telecoms:

Global Crossing creditors shrug off Pentagon foe
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Global Crossing CEO objects to face on card
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WorldCom gets OK for bank settlement
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WorldCom noteholders seek to quash call for info
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More trouble for Global Crossing
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Telecommunications Bankruptcies: What Carriers and Customers Should Know
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AT&T Latin America Announces Leadership Changes and Moves to Final Stage of Restructuring Process
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Troll to Close After Bankruptcy Asset Sale
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U.S. Sees Action on STT-Global Crossing Deal Soon
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Metawave Communications Seeks Court OK On Auction Rules
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Judge Approves E.Spire DIP Loan Extension Until Aug 13
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BMI shipyard has at least another week
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Steel:

Weirton Steel, Union Begin Contract Talks
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Stelco, union at loggerheads
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Embattled tobacco companies facing mergers, bankruptcy
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Recent Going-Concern Statements
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Officials present new plans for Metachem's cleanup

MCSi Gets Final Court Approval of $10 Million DIP Financing - Company Continuing to Conduct Business As Usual During Restructuring Process
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Discovery begins in Consolidated Freightways WARN Act case
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Furr's selling assets for $30M
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Congress seeks HealthSouth data
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Letters of Credit and Leases
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Bankruptcy Court Confirms Fountain View's Plan of Reorganization
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Las Vegas: Time-share operator files for bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Leggett takes rival RHC out of Chapter 11
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Bankruptcy court banishes pair of lawyers; father-daughter team
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Bankruptcy Reform:

Proposed Change in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2003
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SEC Letter on Investment Banker Disinterestedness
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Airlines:

Colombia's Avianca seeks extension in bankruptcy
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Swiss Air slashes route network
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United Airlines Sees Continued Passenger Decline in June
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Union Has Tentative Deal With Midwest Air
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Southwest's Storied Culture Shows Strain
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Low-Cost Airlines Grab Market Share from Financially Troubled Larger Carriers
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Corporate Reform:

Public forgives, forgets
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Wall Street:

Citi, Brokers Facing Formal NYSE Charges
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Unemployment claims swell to 20-year high
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Legal releases threaten Conseco plans
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Pillowtex Corp. receives extension from bank
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Bankruptcy Judge to Distribute $36 Million to Duped New Jersey Investors
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Leggett & Platt Buys Bankrupt Firm for $46 Million
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England:

Individual Insolvency - The Enterprise Act 2002
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Korea:

SK Global's Korean lenders to discuss receivership
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SK Global to Apply for Prepackaged Bankruptcy
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Canada:

Drugmaker PanGeo files for protection
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PanGeo Pharma to restructure under CCAA
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Australia:

Boss goes to ground as trolley firm sacks 72
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France:

Tsarist Bond Holders Want to Seize Hermitage Art
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Thailand:

Thai Crt/TPI Planner: To Appoint Fincl Adviser Soon
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