June 20, 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

         
Suspect CEOs ride slow boat to China - Rite Aid guilty plea suggests Enron, WorldCom CEO prosecutions far off
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Energy:

Settlement could put PG&E back on its feet
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Compromise Reached in PG&E Bankruptcy
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Pacific Gas and Electric Company and PG&E Corporation Comment on Proposed Settlement of Utility Chapter 11 Case
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Calif. governor signals opposition to PG&E pact
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Plan would keep PG&E rates high
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FERC to hear NRG tiff next week
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Court Sets Trial for Mirant Suit
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Airlines:

Delta Air Chief Says Industry Needs More Federal Assistance
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Wanted: Investors in airline, Aeroplan
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Two execs bail from Air Canada
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Air Canada seeks to halve $1.4-billion annual aircraft leasing costs
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Air Canada Plans to Buy Up to 105 Regional Jets
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Air Canada: 'Post-Filing Deficiency' At C$357.9 Million
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Virginia's Corporation Commission to Decide Medical Malpractice Insurer's Fate
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U-Haul on edge of bankruptcy
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Aladdin:

Earl emerges as Aladdin's best bet
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Aladdin creditors prefer Planet Hollywood co-founder buy casino
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Aladdin moves closer to sale - Rejected groups may ask judge to qualify offers, spur auction
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Pillowtex close to being sold in $300 million deal
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Tenant May Not Have To Pay Full Rent for the Month of Bankruptcy
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Mortgage.com Creditors May See Money if Settlement Approved in Court
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Victims to Receive Payments in Santa Barbara, Calif., Slatkin Investment Scheme
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Acterna Gets Court Approval For DIP Financing
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Bradley loses in bid for part of Heep Ranch - Judge says developer's bankruptcy undercuts claim to Travis land
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Hearing to dismiss Desert Hot Springs bankruptcy petition delayed
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  Asbestos:

Infighting bogs down Senate asbestos vote
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U.S. Senate Committee Moves Closer to Passing Bill to End Asbestos Suits
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Democrats Urge More Talks to End Asbestos Fund Bill Impasse
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Asbestos bill has Libby exemption
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Sen. Hatch Agrees to Asbestos Ban as Part of Bill
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Senators Agree on Parts of Asbestos Plan
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Ruling On ABB Asbestos Settlement Imminent
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Court denies Kleinert's bid for a DIP loan
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Conseco:

Conseco unit to be liquidated
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Bankruptcy court approves Conseco Finance plan
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Telecoms:

Touch America Files for Ch. 11 Bankruptcy
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Law Firms:

Elite Firm Summer Associate Sends E-Mail to Partners Boasting of Laziness
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Uh-Oh: Summers to Watch Out For
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Government wants big law firm to identify clients in tax shelter probe
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Summer Associate Hiring Trends in New Jersey
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Finding the Right Size
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N.J. Summer Associate Ranks Are Stable, Except at Gibbons
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N.Y. Attorneys Charged in Insurance Fraud Scheme
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White Collar Litigator Abbe D. Lowell to Join Chadbourne & Parke
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Atlanta lawfirm rules no on new building
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Engage Files Chapter 11, Selling Assets to Scene7
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3DO hires Alliant Partners to explore asset sale
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Tulsa, Okla., Cabinet Maker Emerges from Bankruptcy under New Ownership
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Kellwood CEO still expects to buy Ann Klein brand
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Merchandise Liquidator Deals with Eclectic Inventories
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Tower Records Troubles Worsen Amid Tough Retail Music Mkt
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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D-Day Memorial Released From Ch. 11
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Court OKs Littlejohn-PSC
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Bankruptcy court signs $20 million lease in Wilmington - Expansion entrenches state as venue of choice

To Stay Afloat Financially, One Symphony Spends Freely
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WestPoint Stevens Gets Final Approval Of $300 Million DIP Loan
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Korea:

Overseas creditors begin to lose patience with bail-out
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SK Global faces liquidation pressure
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Canada:

Systech Files Plan Of Reorganization
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Thailand:

Experts Unsure of Impact of Thai Petrochemical Firm's Bankruptcy Plan Ruling
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TPI ruling: for better or for worse?
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Ex-Im Concerned Over Impact Of Thai Court's TPI Ruling
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Thai Bankruptcy Judge Sees Petrochemical Firm Ruling as Easy Decision
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Poland:

Bondholders move to seize Elektrim assets
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Singapore:

Mr Tan, pay up or else, er... sorry, wrong Mr Tan
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Japan:

Finding Sponsor for Failed Japanese Theme-Park Operator Faces Likely Delay
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Hong Kong:

Hong Kong May Personal Bankruptcy Orders Down 27% On Month
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Indonesia:

Few APP Bondholders Expect They Can Block Debt Workout
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Australia:

Bankrupt developers leave hefty rates debt
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