July 3, 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

         
DIP Dimensions: DirecTV Latin America LLC - In a strange turn, part of the loan is earmarked to fund litigation against the lender
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He's come undone
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Telecoms:

Ntelos disclosure statement approved
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WorldCom: Shares to fraud victims
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WorldCom sweetens settlement
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Metromedia Fiber disclosure statement approved
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AT&T Wireless to cut hundreds more jobs
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Aurora:

J.W. Childs grabs fading Aurora
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Boston firm takes stake in Aurora Foods
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Aurora unveils restructuring plan
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NYSE Suspends Trading In Aurora Foods
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Lawyer wants Carolina Investors, HomeGold bankruptcies unified
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Former Polaroid Seeks More Time To File Plan; Cites Probe
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Boots & Coots solves loan default by deal with Prudential
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Messier Asks Court to Confirm Vivendi Severance
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Oregon: Residents want work finished after developer declares bankruptcy
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Fed./State privacy, debt collection update
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Crown Pacific says bankruptcy financing okayed
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Steel:

Loan board gives Wheeling-Pitt more time
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Warren, Ohio, Steel Firm Misses Interest Payment
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Advanced Lighting Technologies, Inc. Receives New DIP Financing and Access to Additional Funds
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HealthSouth:

HealthSouth Seeks to Avoid Bankruptcy
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HealthSouth Seeks Capital To Avert Bankruptcy Filing
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Use of False Statements in Bankruptcy: A Lender's Checklist
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Liquidators Help Companies Get Most Out of Going Out of Business
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Failed condo developers questioned about jewelry, Jaguars and vacations
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Economists say the U.S. economy is set to rebound, predicting accelerated growth for the third and fourth quarters
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  Bankrupt Fleming on liquidation diet
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Feds Visit Allou, Probe Collapse
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Law Firms:

NY Name Partner Sued for Padding Bills While Surfing the Web
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Altheimer: Chico could be in for bumpy ride
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Like watching a car crash in slow motion
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Altheimer in race to transfer US & UK teams
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Firm May Have to Fold In Order to Merge
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It's an ill wind in the windy city
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Orricks in three-way merger gambit with VLG and Cooleys
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Columbia, SC law firm expanding
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Court Says Failure to Drop Case Puts Lawyer on Hook
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Advertising for law firms can work in much the same way as it works for Coca-Cola
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The Litigation Arms Race
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Oppenheimer chief quits
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An Inadvertent Disclosure May Result In Waiver Of Attorney/Client Privilege
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Mayer Brown bolsters Paris and New York
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Miller Nash re-elects managing partner
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Law firm expected to close
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Arter latest US firm to face extinction
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Arter & Hadden to dissolve as capital runs dry
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Directors urge legal heads to stay off boards
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Don't dick around
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Firm Laying Off, Scaling Back Satellite
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Grundig to be sold piecemeal
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Mosaic Group sale to JLL is approved
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Energy:

Opponents, Senator Fight It Out Over Calif. Power Measure
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Texas Petrochemicals LP Announcement Misses Interest Payment, Signs Forbearance
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Edison Mission Unit Seeks FERC Ruling On NRG Contract
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Is NorthWestern bankruptcy near?
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Western Metals gests short term US funding pending restructure
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Phoenix Group Corporation Files Amended Plan of Reorganization
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Letter from Delaware
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Airlines:

New trustee for Hawaiian
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Boeing Problems Bode Poorly for U.S. Economy
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American seeking more ways to cut back
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No Deal for Atlantic Coast, United
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United Reaches Pact With Air Wisconsin
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Orbital Imaging seeks more time to fix creditor dispute
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Laid off and in a lurch
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Accounting:

Ernst & Young Settles Up
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FASB: Consolidate This
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The AICPA, On the Rack
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When Divorce Turns into Bankruptcy: Which Debts Are Dischargeable?
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Controversial contract OK'd for Conseco exec
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Bankruptcy trustee sought for San Francisco non-profit processing agency
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Creditors Want Peregrine To Revise Chapter 11 Plan
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Michigan takes over HMO for poor
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Trustees for Bankrupt Missouri Cattle Rancher's Estate May Sue Some Recipients
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Korea:

S.Korea investigates local creditors in SK scandal
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Australia:

Newmont Yandal Operations Placed Into Voluntary Administration and Note Offer Extended
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Canada:

Polyphalt to file for bankruptcy
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Japan:

Japan Inc feels crushing weight of history
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Thailand:

Neutral team being prepared for nomination as TPI debt plan administrator
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Thai bankruptcy alarms
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