March 14, 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

         
Airlines:

AMR Hires Greenhill's Miller to Advise on Bankruptcy
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Bankrupt US Airways Targets Pensions
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Airline Doom?
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UAL sues Chicago to block a seizure of its O'Hare gates
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American Airlines hires bankruptcy expert Harvey Miller
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Analyst questions United's cash flow, recovery
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Swissair liquidator confirms payments made to LOT management
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Air Canada seen filing for creditor protection
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Judge Grants Las Vegas-Based National Airlines More Time to Pursue Venture
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American closer to the brink
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Value of Midwest Airlines Stock Falls, as Analysts Question Company's Status
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War fears plunge airlines into crisis: From Australia to Spain, the talk is of cuts
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State Street Plans to Sell Five Million Shares of UAL
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United Airlines opening job offices for ex-employees
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Highest level of US insolvencies for 3 years
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Advanced ChemTech Inc. files Chapter 11
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Judge approves replacement DIP for SLI
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A&O set for TXU conflicts test hearing next week
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Energy:

PG&E Revenue Hike Denied
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Trinity Energy Resources Creditor Seeks Ch 11 Trustee
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PG&E CEO Sticks By Reorganization Plan For Utility
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Texas power market hit by price spike, gaming
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PacifiCorp asks FERC to reconsider contract finding
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Tax evasion probe targets offshore credit card holders
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Economy:

Economists Scale Back Forecasts for First Half
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War May Worsen Ailing Economy
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Credit records: Get the info right
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FAO Wins Approval Of Auction Rules For Store Leases
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Bankrupt Retailer Emporium Selects Two Firms to Market Leases
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Synergy Sells Assets and Ceases Operations
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  Appeals Court Decision Confirms Customary Indemnification Standard for Investment Bankers in Bankruptcy Cases
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Enron:

Which Way Is the Enron Probe Going?
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Feds climb Enron food chain
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Judge throws out Enron civil claims
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Enron to hold new round of auctions next week
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Conseco:

Conseco Requests Sale Hearing Delay
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Conseco Atty: Sale Deal With CFN, GE 'Will Be Signed'
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Bankruptcy Reform:

Aiding public, not card firms, is goal
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Telecoms:

iPCS creditors' panel in place
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Bad News for WorldCom
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WorldCom takes $45b goodwill writedown
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Asia Global Crossing Seeks More Time To File Ch 11 Plan
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Law Firms:

Look Before You Leap
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Associate's Discovery Chore: Counting Hippos in Africa
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Practicing Law By E-Mail
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At Law School's End
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Nixon Peabody coming to Phila.
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Steel:

Ross clears hurdles in BethSteel deal
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Corus to unveil big loss as troubles mount
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Bethlehem health benefits extended, company signs purchase agreement
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Beth Steel signs deal to sell ISG its assets
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Bethlehem OKs sale; ISG secures financing
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English-Dutch Steel Giant Heads for Break Up after Court Blocks Rescue Sale
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No new deadline on cuts
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Bankrupt Winston-Salem, N.C., Climate Control Maker Seeks Sale of Some Assets
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Ford's finances under scrutiny
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Fleming declines to comment on bankruptcy rumors
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Investment bank hires Rey Stroube, restructuring, litigation support specialist
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Hockey:

Bid to buy Sabres nearly complete
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10 Indicted in U.S. Fight Against Bankruptcy Fraud
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Oakwood Homes Corporation filed for protection under Chapter 11
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International Paper Box Machine Loses Its Manchester, N.H., HQ Property to Bank
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MTI Insulated Products Has Retained Keen Realty And CB Richard Ellis/Sturges in Its Chapter 11 Proceedings
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Boundless:

Boundless files for Chapter 11
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Boundless Files For Chapter 11 Protection
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Springs symphony dissolved
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Orchestra has 1 final number - ' Taps '
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Austin: OmegaBand files Ch. 7
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6 ex-Anicom execs indicted
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American Tissue Leads Spate of N.Y. Cos. Caught Up in Probes
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Magellan to Honor Missouri Commitments Despite Bankruptcy
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Asbestos:

Bipartisan Interest In Asbestos Reform (scroll down)
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Accounting:

Accounting Board Unveils Fee Structure to Fund Operations
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The Ebitda folly
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Cintech Solutions Files Voluntary Petition To Reorganize Under Chapter 11
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Court Gives NextCard Plan Exclusivity Until June 16
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Adelphia Commun Panel Uneasy About Plan-Filing Extension
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Japan:

Japan set for bankruptcy surge
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Japan's Impending 'Meltdown'
(WSJ: separate paid subscription required)

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