June 23, 2003 

The great debt escape
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Asbestos:

Asbestos Claims Lives, Livelihoods
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Halliburton slashes second-quarter earnings forecast
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ABB Asbestos Ruling Imminent - ABB Trust Appointee
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ABB's Asbestos Settlement Could Encourage Investors
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Enron:

Months after Enron's bankruptcy, ordeal not over
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AEP Admits Former Enron Trader Also Traded Power There
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Andrew Fastow offers testimony in wife's case
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Former Portland, Ore., Utility Investors Sue over Enron Loss
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The corporate conscience: Interview: Sherron Watkins, Enron whistleblower
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Telecoms:

WorldCom assets may bring windfall
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Touch America files for Ch. 11
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Verizon Paying For Worldcom Protests
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Peer pressure
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Buffet Leads Turnaround at Broomfield, Colo.-Based Level 3 Communications
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Adelphia Communications Names Brad Sonnenberg Executive Vice President and General Counsel
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Focal Statement on Confirmation
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Global Crossing Hits Roadblock As Creditors Try to Block Deal
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Wall Street:

Made on the Street
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Companies emerging from Chapter 11 protection
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Stock performance of companies that have emerged from Chapter 11 protection
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Companies that have filed for Chapter 11 bankruptcy protection more than once
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Upgrades from default
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Scheduled hearings, meetings and deadlines in active Chapter 11 cases
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Energy:

Mirant asks banks to approve pre-packaged Ch.11
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Mirant Rattled by Bankruptcy Talk
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Mirant sets date on shake-up deal
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Mirant Discloses Default On Comml Paper Pact With Lehman
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PG&E, CPUC Craft Agreement on Bankruptcy
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PG&E settles, but some grumble
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PG&E Sued Over Unpaid Bonuses
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PG&E To Offer $600 Mln Senior Notes Due 2008 Via Lehman
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Environmentalists like some provisions of PGE&E bankruptcy proposal
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Critics speak on PG&E bankruptcy deal
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Crt Sets July 30 Hearing On PG&E Co Disclosure Statement
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Financial Trouble Deepens at Mirant
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PG&E Bankruptcy Deal Faces Fight
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PUC split on PG&E bankruptcy plan
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Some NRG Creditors Object To Co's Disclosure Statement
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NRG-CL&P Contract Dispute Reverberates Across Power Indus
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Unitas Jr. accused in lawsuit
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Tower Records Restates First-Half Income
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Va. Orders Insurer to Liquidate
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SLI will exit Chapter 11
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Insurall selling assets to help pay debts
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Downtown Tulsa, Okla., Office Occupancy Falls to 14-Year Low
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City To Sic Detectives On Deadbeat Parents
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U-Haul parent rolls into Ch. 11
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U-Haul Parent Company Files for Chapter 11 Protection
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Chapter 11 for Amerco
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U-Haul steers clear of Chapter 11
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Law Firms:

Milberg Weiss' impending breakup teaches that bigger isn't always better
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The Unraveling of an Un-Law Firm
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Diversity Adversity - Economy impacts firm's diversity efforts
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Rite Aid GC Scheduled for Trial in Major Corporate Fraud Case
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McGuireWoods merger part of 'ongoing strategy'
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Law firm growing outside of Dayton
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Arter & Hadden looking to cope after expansions
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Clay Aiken signs with Atlanta law firm
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MoFo bags Clifford Chance debt finance team
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Fried Frank rocked by finance exodus
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Bankruptcy court signs $20 million lease in Wilmington
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Costs of Rite Aid scandal are huge -- and still being tallied
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Airlines:

UAL may exit bankruptcy in 4th qtr.
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Bankruptcy Judge Deals United a Blow
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UAL CFO Sees Uptick In Rev; Some Court Issues Postponed
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United CEO to Grads: Adversity Is Healthy
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Machinists Union Members Ratify Pact With Air Canada
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Air Canada lessors cry 'extortion'
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Air Canada ends Onex talks
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Swiss International May Ground Planes, Cut Jobs
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Fasten your seat belts - the lawyers and advisers get rich; everyone else gets hosed
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Some Wonder Whether Too Many Airplanes Are Being Produced
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The use of net operating lasses, or NOLs, in bankruptcies, which can offset taxable income, has risen noticeably in the past three years, and UAL Corp. is only the most recent example.
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Foreclosures reach record high
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Coming To America - Companies all over the world
are filing Chapter 11 in the U.S.
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Steel:

Wilbur Ross Sees Deals for Int'l Steel
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Kentucky Electric Steel Makes Asset Sale Announcement
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Slater Steel Hires RBC Capital To Help With Restructuring
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Las Vegas' Aladdin hotel-casino to become Planet Hollywood
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Seattle: Architect Silk surprises with Chapter 11 filing
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Accounting:

How a WorldCom Accountant Caved
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Tax advisers sued: $18M tax-shelter plan was 'disastrous'
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Middle-market firms see internal audit work grow: RBG, Larson Allen pick up public company work
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E&Y seeks to repair the damage of audit failures
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U.S. cracks down on tax schemes
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Sarbanes-Oxley could hike public company audit fees
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Disclosure rules toughened for Canadian firms
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Money-Market Fund Fees Squeezed
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Electric Factory files Chapter 11
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Conseco Bankruptcy Trial To Continue Into July
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Philip Services to sell assets as part of bankruptcy
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Arizona: Restitution a long shot in state's fraud cases
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Merrill Leads in Takeover Advice as Mergers Drop to 6-Year Low
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Kleinert's DIP hearing continued
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IRS Urges Congress to Approve Outsourcing Tax-Collection Efforts
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Desperate companies cry wolf with faux filings
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Decision this week on future of Le Meridien
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Sinking into bankruptcy? Five ways out
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The California wine industry is in trouble, and many wineries are on the brink of bankruptcy. The problem? A severe fall in bulk wine sales leaves wineries unable to pay off their debts.
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The road to bankruptcy
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Denver: Hoover turned trust into accusations
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Weyerhaeuser to Seek Immediate Review of Bankruptcy Court Decision in Paragon Case
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A baby-boomer foursome has gotten the Evercore Partners bankruptcy advisory practice up and running.
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Los Angeles Bankruptcy Attorney Gets Prison Term
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Pillowtex to Cut Retiree Medical Plans
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Letter to landlords: Be prepared for tenants headed to bankruptcy
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Pittsburgh: Bankruptcy should not be seen as answer to city's woes
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Los Angeles County official mentions bankruptcy as option
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Meridien menaced
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Credit cards - worst enemy in any financial crisis
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Bankruptcy-Court Survivors Pique Interest of Investors
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Penn Traffic's turnaround specialist may make some tough calls
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Cross Media Filing Costs 300 Jobs in Ga.
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Distressed-asset sales afford significant growth opportunities: Bankruptcies mean bargains can be found
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Louisville Orchestra Reaches Tentative Deal with Musicians, Avoids Bankruptcy
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CurtCo Plans to Revive Worth Magazine
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Corporate debt may postpone recovery
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Knowledge Not Prerequisite To FDCPA Liability

England:

Insolvency glitch gives banks £400m
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PNC Telecom to call in administrators
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IFB’s UK arm goes under the hammer
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The barred directors, the missing £100m and the regulators that lost the plot
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Student loans bankruptcy loophole
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Bangkok:

Bankruptcy laws adjust to times Most recent amendments aim to facilitate corporate restructuring
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Canada:

Officials never broached Radwanski's bankruptcy
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Judge OKs $20.2M Sale of Corel Centre
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Laidlaw drives to exit bankruptcy protection
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Japan:

Japanese Clothier Fukusuke Seeks Court Protection
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Japanese banks' tax plea set to be rejected
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Greenspan, ECB Won't Find Deflation Solution in Japan
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Japan LDP Executive Slams Econ Min Takenaka's Policies
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Australia:

Skase-chaser did Keeling over early
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Ireland:

Giants on skid row
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Hong Kong:

Hong Kong Bankruptcies To Rise In 2nd Half On SARS
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