May 23, 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

         
Asbestos:

Hatch Files Asbestos Bill, Plans June Hearing
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Hatch Introduces Asbestos Legislation
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Compromise On Asbestos Opposed
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Asbestos Suits Forces Stocks to Fall
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New York Investment Group Proposes Keeping Allou Healthcare Units Intact
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Law Firms:

Another Step Closer to Citing Unpublished Opinions
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So the Market Is Slow, Now What?
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Mississippi Brainiacs
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Weil Gotshal Raids Foreign Rivals
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Houston-based law firm sets up shop in Alamo City
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Firm Snatches Up Defectors From Two Rivals
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It's good time to study law
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Jones Day Named as ``Best of the Best in Survey of Technologically Savvy Law Firms
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More Bankruptcy Delays Could Hurt Conseco
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Bankruptcy Filings Continue to Break Records
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Princeton Video:

PVI to sell itself as part of pre-pack bankruptcy
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Princeton Video Image plans bankruptcy reorganization filing
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Denver: Creditor attacks Fey's bankruptcy plan, seeks dismissal
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IRS probing restaurateur Neil Stein - Agents investigating tax, bankruptcy
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Fleming:

Fleming Secures Bankruptcy Court Order on Net Operating Losses
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Bankrupt Fleming to close Food4Less stores
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Wall Street:

Congress talking with SEC on analysts, hedge funds
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  Airlines:

United hones reorganization plan Early version could be ready as soon as next week
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U.S. Bancorp Sues Midwest Airlines over Failure to Make Aircraft Payments
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Frontier reports worst-ever quarterly, annual losses
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US reform may help restructure loss-making aviation sector
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UAL Seeks Injunction Against Atlantic Coast On Contract
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Midway works to get out of bankruptcy
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Boeing to give layoff notices to 1,150 workers today
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Blaylock & Partners Cuts AMR to Hold From Buy
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Panel clamors for judgeship bill
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Telecoms:

Bankruptcy judge okays WorldCom plan for creditors
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Allegiance Telecom executives got perks before bankruptcy filing
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Judge Denies Dissenting MCI Creditors' Request For Trial
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Energy:

Bankruptcy courts to handle NRG asset sales
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Maryland governor signs bill on debt advisers
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Accounting:

PwC Agrees To Pay $1M To Settle SEC Allegations
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National Real Estate Clearinghouse: Clark Bankruptcy Offers Up to 630 Sites; Bids Due July 1
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Defending a Preference Claim Under the Solvency Defense - What the Vendor Must Prove
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Visionland reopening with faith in new look
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GenTek Wins 52-Day Extension Of Plan Exclusivity
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Some Truths about Credit Management and Debt Collection
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Hayes Lemmerz Agrees to Sell Senior Note Offering
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Emerald Casino's New Plan Offers Illinois Less Profit
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Florida Philharmonic Chairman Defends Rapid Plunge into Bankruptcy
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy Dispute Procedure Clarified - Contested debt must be resolved first thing
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Enron:

Two deals next in line for Enron inquiry
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Judge decides no togetherness for Fastow cases
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Enron case growing longer and costlier with second examiner
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Steel:

Bankruptcy makes merger impossible
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Apollo burned by Encompass reorg
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Buffett's Bonanza
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Court-hired expert says HomeGold should close
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Quality considers bankruptcy
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Penn Traffic To Be Delisted May 30
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More people filing for bankruptcy
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Strouds files for second bankruptcy in three years
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ANC Rental Posts 2002 Net Loss Of $534.1M Vs. $606.7M
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Daisytek Canada Operating Normally
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Bankrupt Medinex’s assets up for grabs
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Petals Inc. files for Chapter 11
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Thailand:

Creditors of Bankrupt Thai Petrochemical Firm Intent on Successful Revival
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Netherlands:

Madge Networks N.V. Announces Appointment of Trustee
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Japan:

Buyout firms unloved in Japan
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Canada:

Cost of restructuring operations pushes TD Bank Group into red
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