July 21, 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

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Odd claims endanger bid for Fleming unit
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Asbestos:

Halliburton Seeks Extension for Asbestos Obligations
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Law Firms:

American Law Firms -- Social Darwinism?
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The Plaintiffs' Hot List - Twenty-five go-to teams for when the going gets tough
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To LLP or Not to LLP
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General counsel compensation increased by 9%
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GC Compensation Survey
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Balancing Act: A Telecom Boutique Where Everyone Has a Stake
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Corporate Lawyers Get Big Raises
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You've Got the Fee -- Now Reassess and Invest in Your Practice
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Kilpatrick gives green light to Altheimer London partners
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Sonnenschein takes first haul of Altheimer partners
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Altheimer exodus gathers pace
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What Price Startup?
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Small Firms Offer Opportunities for Hands-On Work
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Falks take their sporting dispositions to Epstein Becker
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Top 10 Philly law firm ready to set up shop here: Duane Morris to take space in U.S. Steel Tower
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Davis is model for all lawyers, coworkers say: Associate, Lewis, Rice & Fingersh L.C.
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Mission possible: work-work-life balance
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Self-Taught Attorneys Emerge in China
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S.F law firm to pull plug on D.C. office
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ABA in disclosure battle with market regulators
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Meeting of the Judicial Conference Advisory Committee on Rules of Bankruptcy Procedure
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Telecoms:

Feds to probe Global Crossing
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US to extend review into Global Crossing bid
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Creditors fight revised Global Crossing deal
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Global Crossing deal meets stiff resistance
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MCI Emergence Could Spur More Consolidation
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Data center a steal at $20M: Citigroup to buy MCI facility at auction for a third of its 2001 value
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Wachovia top bidder for WorldCom property
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Supra Telecom wants antitrust claims reinstated
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Never-occupied PSINet facility sells for $4.7M
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MCI Garden City Building Sold
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WorldCom Wins New Federal Contract
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Accounting:

SEC Blasts Ernst Case As a 'Work of Fantasy'
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KPMG says others could follow Andersen
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Limited remedy
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The SEC has launched an inquiry into accounting practices in the videogame industry
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More accountants make it to the top
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Airlines:

As flights decline, airport costs rise
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Bankruptcy Court Approves UAL's Retention Plan
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Jobs at risk as administrators appointed to manage Australian air courier
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Hawaiian Holdings: Needs Fincl Support From Hawaiian Air
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Deadline Passes for US Airways on Pittsburgh Hub
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UM, airline work a feud
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Judge dismisses government arguments
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  Bankruptcy Reform:

Votes in Congress mostly follow the money
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Medical woes pushing more into red
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Energy:

Power politics - FERC collides with the bankruptcy courts
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Sleeper awake
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Who are the folks at FERC?
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Mirant Puts Pepco, Workers in a Bind
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Bankruptcy filing breaks record: Mirant case is biggest in Fort Worth's history
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BP, FERC Settle West Energy Market Manipulation Charges
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Allegheny Energy: Bankruptcy near
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Sobering Advice: Pay Off Your Credit Cards
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Canceling card won't boost FICO
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Summit National Consolidation Group Bankruptcy Dismissal Motion Submitted to Court
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Ex-divine exec sticks with patent portfolio
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Tacoma, Wash., Man Aided Capital Consultants Fraud Plan, SEC Says
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Proof of claim not asserting claim disallowed

Diocese debt-free idea out the window
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Recent Going-Concern Statements
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So long, Medallion Man... Financial follies and internet competition have driven Penthouse chief Bob Guccione from pron to pawn. Now his empire is on the brink of collapse
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Las Vegas-Based Time Share Builder Will Liquidate Assets through Bankruptcy
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State fights Emerald gaming deal
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Agari Declares Bankruptcy
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Examiner named for Rodizio
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Chapter 11 judge OKs Magellan financing
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Farmland:

Farmland Investors Could Recoup Losses with Swine Unit's Sale
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Farmland's $363.5M pork unit sale leaves little but bone
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Pork Industry's Future Worries Farmers
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Conseco:

Conseco plan rests with bankruptcy judge
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Releases slow Conseco case
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Valuation Key In Closing Arguments On Conseco Bankruptcy
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Investors unwilling to blame People's Bank of Northern Kentucky
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Fossicker closes first distressed fund
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Elderly Estate-Plan Scam Trial of Colorado Springs, Colo., Lawyer, Friends Set
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Former Ready Staffing, units file debt details
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Alterra:

Fortress, Emeritus win Alterra auction
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Emeritus is the Winning Bidder in the Auction to Acquire Alterra Healthcare
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Factory Workers Find Jobs Drying Up
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Desperate companies cry wolf with faux filings
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Crown Pacific Receives Final Bankruptcy Court Approval Of $40 Million DIP Financing Agreement
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Corporate Reform:

SOX is more than just a political reaction
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Wolf Camera's bankruptcy case is winding down
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Dayton: Huber Heights concrete firm files bankruptcy
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Moll Industries strides ahead with US reorganisation
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Massive debts put Kistler Aerospace in Chapter 11
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Courting bankruptcies: Changes in the Metroplex's judicial lineup could help bring more Chapter 11 filings to North Texas
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Bankruptcy case bonanza - Fort Worth court attractive for large businesses
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Kmart lawyers ask judge for government e-mail
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Philip Morris Asks Ill. Supreme Court To Order Lower Bond
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Imperial Credit Files for Bankruptcy Protection
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Lentek lands in Chapter 11
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Top-Flite:

Adidas, Others Set Stage for Bidding War to Acquire Bankrupt Top-Flite Golf
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Adidas willing to forego breakup fee to bid for Top-Flite
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Connelly gaming company faces deadline in Chapter 11 proceeding: President Casinos may have to sell Admiral riverboat
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IRS adds to probe of planner
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Peregrine:

Judge OKs Peregrine reorg plan
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Bankrupt, San Diego-Based Software Firm Stages Dramatic Recovery
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Steel:

AK Steel puts loss in perspective
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Attempt to End Steel Subsidies Falters
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Buffalo, N.Y.-Area Unemployment Rate Hits 10-Year High
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England:

Last-ditch talks to save Meridien from collapse
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Luxury Meridien chain on brink of collapse
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Le Meridien Bankers To Mull GBP150 Million Rescue Monday
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Canada:

Truckers on road to bankruptcy
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Number of class-action lawsuits skyrocketing
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Korea:

SK's creditors want rescue plan
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Bad SK Global deal could cost S Korea--creditors
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SK threatens to liquidate embattled unit
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SK Global's Overseas Creditors Oppose Receivership
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Australia:

Bell tolls for Bond's bankers
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Court battle for Bond monies begins
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Western Metals in administration
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Another network going cheap
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Bankruptcy move fails parking fine woman
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Brazil:

Brazil Bankruptcy Bill Set for Review
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Hong Kong:

Bankruptcies renew climb, economists tip worse to come
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Bolivia:

Bolivia to crack down on tax evasion
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Japan:

Loan sharks prey on struggling Japanese
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Germany:

German Bankruptcies Reach Record in April
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Kirch creditors want quick sale, more cash-sources
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