July 31, 2003 

6,450 jobs are lost as textile firm closes its 16 plants in U.S., Canada
(DBN Subscription Required)

Pillowtex folds a second time
(DBN Subscription Required)

Pillowtex files for Chapter 11 bankruptcy
(DBN Subscription Required)

Pillowtex filed for bankruptcy-court protection, saying it will close its 16 plants and sell off its assets
(WSJ: separate paid subscription required)

Pillowtex to Liquidate in Bankruptcy, Cut 6,450 Jobs
(DBN Subscription Required)

P'tex fallout sees firms scrambling
(DBN Subscription Required)

Collapse of Pillowtex Will Affect All of North Carolina, Say Analysts
(DBN Subscription Required)

Statement by UNITE President Bruce Raynor on Pillowtex Chapter 11 Filing Today
(DBN Subscription Required)

Pillowtex Files for Bankruptcy Protection
(DBN Subscription Required)

What happens if Pillowtex vanishes?
(DBN Subscription Required)

Pillowtex's brands may entice bidders
(DBN Subscription Required)

_______________________

Telecoms:

MCI faces further pressure over access call charges
(DBN Subscription Required)

Charges Against WorldCom Are New, But Old
(DBN Subscription Required)

WorldCom Chapter 11 plan faces opposition from lenders
(DBN Subscription Required)

A former Onvoy employee alleges the small telecom firm conspired with MCI to launder phone traffic by diverting calls
(WSJ: separate paid subscription required)

WorldCom Allegations Unlikely To Stop Bankruptcy Emergence
(DBN Subscription Required)

Phone bill gripes ring off the hook
(DBN Subscription Required)

FCC Opens Probe Into WorldCom Access-Fee Allegations
(DBN Subscription Required)

ST Telemedia returns to retired military brass
(DBN Subscription Required)

Cingular Looking to Buy NextWave Licenses
(DBN Subscription Required)

_______________________

DIP Dimensions: Advanced Lighting Technologies Inc. - Rather than find a buyer by the required deadline, the company decided to find a new lender instead
(DBN Subscription Required)

Airlines:

Air Canada seeks control of bid process
(DBN Subscription Required)

Air Canada Seen Profitable As Smaller Airline
(DBN Subscription Required)

The Pension Fund War at US Airways
(WSJ: separate paid subscription required)

US Airways Restores Pay Employee Pay Cuts
(DBN Subscription Required)

Parent Company of Midwest Airlines Revises Its Second-Quarter Profits Downward
(DBN Subscription Required)

_________________________

Man 'kidnapped' by creditors rescued
(DBN Subscription Required)

My Customer Just Sold Their Business and They Still Owe Me Money. What Happened to the Bulk Sales Laws?
(Martindale: separate free registration required)

Accounting:

Audit Mergers Could Present Problems
(WSJ: separate paid subscription required)

Deloittes’ Paris law arm in key vote over tied status
(DBN Subscription Required)

_______________________

Collateral Damage - A jock doc hurt by HealthSouth's illness
(DBN Subscription Required)

Kistler Aerospace Corp Files For Bankruptcy Protection
(DBN Subscription Required)

Judge Suggests Daewoo Unit Can't Block Rivals
(DBN Subscription Required)

Former bankruptcy lawyer indicted
(DBN Subscription Required)

Energy:

Court Conditionally OKs Pacific Gas Disclosure Statement
(DBN Subscription Required)

Pacific Gas revamp one step nearer
(DBN Subscription Required)

__________________

Steel:

Algoma Steel earnings tumble, forecasts loss in third quarter
(DBN Subscription Required)

Labor Pact Clears Way for Wheeling-Pittsburgh Steel's Exit from Bankruptcy
(DBN Subscription Required)

National Steel Retirees Say Goodbye to Benefits
(DBN Subscription Required)

_____________________

Outlook cloudy for Fleming's sale to C&S
(DBN Subscription Required)

Law Firms:

Law-partner profits up nearly 10 percent
(DBN Subscription Required)

Deal slump forces further fall in City leaders’ partner profits
(DBN Subscription Required)

Black Lawyer's Suit Claims Promotion Bias at Houston Law Firm
(DBN Subscription Required)

Morgan Cole demotes partners as profits slide
(DBN Subscription Required)

Freshfields unveils new global heads
(DBN Subscription Required)

Shearmans boosts West Coast team
(DBN Subscription Required)

Orricks mega tech merger collapses
(DBN Subscription Required)

Reed Smith expands Los Angeles arm
(DBN Subscription Required)

Deweys raids rival for new York hire
(DBN Subscription Required)

‘Doing’ knowledge management will no longer be enough
(DBN Subscription Required)

Pushing through any merger between two law firms is hard enough, but when transatlantic mergers are undertaken the problems are increased tenfold
(DBN Subscription Required)

______________________

Another law firm for Wilmington, Alterra creditors grumble, ripples from a Kmart ruling and no relief for Bolivia's banks
(DBN Subscription Required)

Broken Leases Cost San Diego-Based Software Firm Peregrine $21 Million
(DBN Subscription Required)

Lawmaker targets Farmland's pork deal
(DBN Subscription Required)

Lawsuit in Texas Filed against UBS in Connection with InverWorld Fraud Scheme
(DBN Subscription Required)

Asbestos:

Nonprofit Need Not Make Up for Member's Default on Settlement
(DBN Subscription Required)

Court Gives Federal-Mogul Until Oct 13 To File Ch 11 Plan
(WSJ: separate paid subscription required)

_____________________

Judge Says Bankrupt Maine Paper Company Must Repay $3.2 Million
(DBN Subscription Required)

FCC orders Adelphia to offer refunds, roll back prices
(DBN Subscription Required)

Elan given more time to file accounts
(DBN Subscription Required)

Employees of Los Angeles-Area Hospital Left in Lurch as Facility Closes
(DBN Subscription Required)

Texas Riverboat's New Owner Settles Dallas Dispute, Sees Smooth Sailing Ahead
(DBN Subscription Required)

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Heat transfer - Fraudulent conveyance lawsuits are booming as asset values sink
(DBN Subscription Required)

American Pad & Paper Poised to Exit Chapter 11
(DBN Subscription Required)

Borrower's Bankruptcy Defeats Default Interest
(Martindale: separate free registration required)

Owner of defunct hockey team accused of stealing own players' skates
(DBN Subscription Required)

Outside Directors Beware: Are You Meeting Your Duties of Loyalty and Care?
(Martindale: separate free registration required)

Court Extends Amerco's Cash Collateral Use Thru Aug 14
(WSJ: separate paid subscription required)

Court Confirms Anker Coal Group Ch 11 Reorganization Plan
(WSJ: separate paid subscription required)

D.C. Gets Tough With Hospital
(DBN Subscription Required)

Fleming to ask bankruptcy court approval for sale of wholesale line
(DBN Subscription Required)

The Walking Co. forced to step into bankruptcy protection
(DBN Subscription Required)

Canada:

Utilities hit with downgrade
(DBN Subscription Required)

Toronto Dominion involvement highlighted in Enron report
(DBN Subscription Required)

Millions of tax dollars at risk in restructuring
(DBN Subscription Required)

_____________________

England:

Directors' gains stir revolt by investors
(DBN Subscription Required)

Football 'facing up to financial reality'
(DBN Subscription Required)

More delay for revamp at British Energy
(DBN Subscription Required)

Troubled Le Meridien sheds hotels
(DBN Subscription Required)

BCCI Creditors Lose $25 Million State Bank Fraud Claim
(DBN Subscription Required)

BCCI creditors lose $25m fraud claim
(DBN Subscription Required)

______________________

Thailand:

TPI creditors demand evidence of backup Supporting bankers asked to go to court
(DBN Subscription Required)

______________________

Italy:

Cirio expected to file for bankruptcy
(DBN Subscription Required)

__________________

Australia:

Amcil hangs up on hopes, plans to liquidate
(DBN Subscription Required)

QC says Bell banks disregarded creditors
(DBN Subscription Required)

_______________

Argentinia:

Workers Taking Over Defunct Argentinian Factories
(DBN Subscription Required)

__________________

Japan:

Bankers on horns of dilemma after Resona bail-out
(DBN Subscription Required)

Takenaka says state could bail out banks
(DBN Subscription Required)

Japan's Economic Cancer
(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.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

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.  

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