March 28, 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:

UAL, pilots strike deal
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United Pilots' Deal Gets Tentative OK
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Bankrupt airline secures key pay deal
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AMR on the brink of Ch. 11
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AMR said near Ch. 11
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American bankruptcy looms
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AMR Three Days From Bankruptcy
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Airline aid measure might force executive pay cuts
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War, Virus Shake Airlines
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Members of Congress to Announce Plan to Help Airlines with Security Costs
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Airline failures no tragedy, experts say
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Judge OKs $365M United Tax Settlement
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American, Transport Union Reach Deal
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ALPA Chief Blasts Airline Executive Perks as Thousands Lose Jobs
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US Airways set to trim schedule
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US Airways SEC Filing Shows CEO Was Paid $1.45M
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Ottawa ties Air Canada aid to assurances
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More Fearing Job Loss
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United's Aircraft Lease Trustee Asks Court For $32 Million
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Hawaiian stock halted until at least mid-April
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Hawaiian determining how to pay creditors
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S&P report says airline industry 'in dire condition'
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Sen. McCain Hits Delta CEO Pay as Air Aid Mulled
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UAL Creditors' Committee Letter to White House and Congressional Leadership
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Altria Cancels Debt Under 16 Aircraft Leases With UAL
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Predatory Lending Law Upsets Investment Firms
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Enron:

Millions of pages of Enron documents going public
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Scientific Gains Can't Save Bankrupt Biotech Firm's Overestimated Demand
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Probex Sells Most of Used Oil Collection Assets
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Synthonics to seek exit financing
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How Often Can We Call a Delinquent Debtor?
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First Day Orders Enable PCD Inc. to Conduct Business as Usual
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  Kmart:

Judge rejects Kmart's lease extension request
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Kmart in W. Va. Struggles With Closing
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Telecoms:

Defense advisory chief Perle resigns
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Ruling threatens Touch America, bankruptcy possible
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Broadwing Posts $2.39 Billion Loss
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Ailing Antex files for Chapter 11 after sale to BioPort unravels
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Accounting:

FASB chief warns of corporate backlash on options
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Year in Review: 2002: The accountancy profession's annus horriblis
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Canadian accountants take aim at derivatives
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Farmland Industries Agrees to Sell Fertilizer Business to Wichita, Kan., Firm
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Derivative Benefits
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Law Firms:

How Much Do NY Firms Bill Clients for Lobbying?
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A&O wins High Court approval for TXU Chinese walls
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Sing-a-long-a-Ballantine
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Skadden Arps Names 26 New Fellows
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Firm Acquires Boutique, Consolidates NY Satellite
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Practice Co-Chair Defects
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Terms of endearment
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Alterra Files Plan of Reorganization
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Key3Media wins DIP
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Fleming Says Future May Be in Doubt Without New Financing
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Energy:

Creditors Approve Plan to Put NRG Energy into Chapter 11
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Hearing On NRG Chapter 11 Dismissal Pushed Back 2 Weeks
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FERC sees decision by April on 37 power traders
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S&P cuts Reliant Resources corporate credit rating
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Court Authorizes FAO To Pay Fees For Exit Financing
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Jomed/Cash Drain: Bankruptcy Not Ruled Out
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New Bankruptcy Opinions
(1 new opinion 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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HealthSouth:

HealthSouth to miss $367m debt payment
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HealthSouth deemed in default
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HealthSouth investigators to quiz auditor
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HealthSouth Gains Some Time Before Deciding on Bankruptcy
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Asbestos:

Asbestos grows as due-diligence issue
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Halliburton Restates Earnings, Posts Wider 4Q Loss
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Combustion Engineering Wants New Unsecured Creditors Panel
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Olympic Pipe Line seeks bankruptcy
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Steel:

Bankrupt Wheeling-Pitt still kicking
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Auction set for BethSteel
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WHX Files Answer Over Pension Plan Dispute
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Wheeling-Pitt Steel celebrates loan approval
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Honeywell International Objects To Bankrupt GenTek Closing Delaware Plant
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Colorado bankruptcy filings multiply
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Morgan Group Sells Off Properties
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France:

French unemployment climbs to 9.2%
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Scotland:

Business failures blight economy
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Japan:

Japan Feb Job Losses On Bankruptcies Total 17,913
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Argentina:

Argentina to lift banking freeze
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