October 17, 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

         
Testimony Describes Efforts to Shore Up CFS Finances
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EchoStar makes new bid for Loral's satellites
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Enron:

Nevada utilities could be helped by Enron court delay
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Enron OK with delaying Nevada judgment
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Rearraignment puts case in different judge's court
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Dean Chastises Bush for 'Enron Economics'
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Bankrupt Tenant May Have To Pay Full Rent For Month In Which Lease Was Rejected
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Steel:

Georgetown Steel union rejects plan
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AK Steel's Interim CEO Gets the Job
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Law:

Clifford Chance Loses Four Partners to Weil Gotshal
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Clifford Chance global anti-trust head takes Washington team to Weil Gotshal
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Plan Today to Get Back Into and Win the Race for Talent
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What's Hot and Not in Small and Midsize Law Firm Technology
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Clifford Chance, Paul Weiss Top Global Investment Bankers' Law Firm List Elite Clients See 58 Law Firms as Core
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How to Enhance Partners' Cross-Selling Awareness
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Salary Trends A 13-Year Overview
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Goodwin Procter LLP Continues Growth
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Low-Cost Marketing Strategies Promise ROI for Your Firm
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Merger boosts law firms' profile
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FAO Cash Crunch
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Debtors failed to mention big asset, Chapter 7 filing was a tad incomplete
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Pittsburgh Talks Bankruptcy, Gets Rating Body Slam
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Another bond agency lowers Pittsburgh city rating
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Bidder end: Convicted swindler's mansion to hit the auction block
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Interstate Bakeries Corporation Announces Reorganization
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Solutia, in debt talks, weighing bankruptcy
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Conseco Gets Fedl Subpoena Related To Former Lending Unit
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Talks set for new EVTAC contract
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  Asbestos:

Asbestos Dreams
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Labor Condemns Asbestos Fund Offer from Business
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Enactment of Asbestos Legislation Could Create More Than 800,000 Jobs and Increase Economic Growth by $64 Billion
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US Senate Staff, Unions Discuss Asbestos Offer
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Travelers CEO:Latest Asbestos Trust Plan A Positive Step
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Armstrong World Creditors Vote Deadline Extended To Oct 31
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Asbestos agreement draws fire
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Accounting:

Auditors' continuing problems
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A special master said KPMG shouldn't have to produce many tax-shelter documents to the IRS
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Qwest re-audit trims $2.59 billion
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Tax Experts Discuss New Efforts to Collect Back Taxes
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Kmart Replaces Independent Auditor
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The IASB's chief rebuffed criticism by the EU and others of accounting proposals on derivatives
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Federal officials take inventory at closed Bluffton foundry
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Martha Ads Big Gamble For Kmart
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Airlines:

American Airlines Chief Executive Says $4 Billion in Cuts Not Enough
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Thousands stuck at airports after airline files bankruptcy
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Aero Lloyd files for bankruptcy
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DJ Aero Lloyd/Bankruptcy: No Chance Of Keeping Co Going
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Bank pulls plug on German airline
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TUI Customers Left Stranded By Aero Lloyd Bankruptcy
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Two Airlines Post Profits, But Also Warnings
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Daewoo sales group confirms reorganization plan
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Massachusetts paper mill seeks bankruptcy protection
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Bankruptcy Court Approves Kasper A.S.L., Ltd. Disclosure Statement, Sets Confirmation Date
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US Wireless Auditor Raises Doubt About Co Viability
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Coal company bankruptcy could affect retirees
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Edison Intl Unit Ratings On Watch; $911 Mln Payment Looms
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PGS Shareholders Approve Restructuring Plan
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Mirant offering packages, deadline
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Telecoms:

WorldCom Battles Founder on Pension
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Bankruptcy Ends Rebate Promises
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U.S. Pension Agency Says It May Need a Bailout
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Corporate Reform:

HealthSouth Chief Defies Lawmakers: Former CEO Refuses To Repeat TV Denial
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Attorney named to sell off failed brokerage
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Auditor doubts DTI's ability to operate
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Warp Technology Auditor Raises Going-Concern Doubt
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3rd bankruptcy by mayoral candidate revealed
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Malden Mills can leave bankruptcy: Chapter 11 could close as early as today
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UK:

From bad to worse
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Booker winner pays his dues
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Paying the price of debt
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ICI assets to insure pensions
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Australia:

Judge to hand down Pan decision
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Selim loses bid to save Pan
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Horizon navigates economic storm
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Japan:

Loan-shark crackdown yields 233 arrests
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Brazil:

Brazil Bankruptcy Law Could Increase Bank Lending
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Iraq:

Senate Backs Converting Some Iraq Aid to Loans
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