October 21, 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:

W.R. Grace Seeks Approval Of Asbestos Claims Official
(DBN Subscription Required)

ABB unit sale on track, seen haggling on price
(DBN Subscription Required)

ABB slips as asbestos appeal process drags on
(DBN Subscription Required)

__________________

Telecoms:

WorldCom Told to Respond
(DBN Subscription Required)

MCI Bankruptcy Emergence Faces Delay
(WSJ: separate paid subscription required)

MCI: Ringing in Reform
(DBN Subscription Required)

Former Telergy executive settles
(DBN Subscription Required)

TelCove moves closer to exit
(The Deal: separate paid registration required)

AT&T LA renegotiates debt
(DBN Subscription Required)

Some at Telecom Geneva say "Expect more Carrier bankruptcies"
(DBN Subscription Required)

__________________

Law:

Firms Playing the Mating Game
(DBN Subscription Required)

Merger Watch List
(DBN Subscription Required)

Bankruptcy Attorney Daniel Murphy Joins Bernstein, Shur, Sawyer & Nelson
(DBN Subscription Required)

Mergers That Failed
(DBN Subscription Required)

Solos & Small Firms: Growing Pains Five Questions for a Growing Law Firm Beasley Firm Names Its First-Ever Partners Getting a Bigger Office -- but Wanting to Stay Small Low Overhead and Focus Enable Boutique to Grow We Are Family: Hiring, Training and Managing Small Firm Staff
(DBN Subscription Required)

Associate Joins Father On "Most Wanted" List
(DBN Subscription Required)

Last of the Clifford Chance 'superpointers' quits ahead of pay cut
(The Lawyer: separate free registration required)

Intel, Ford, Insurers Seek to Limit Suits in `Magnet' Courts
(DBN Subscription Required)

Ex-Brobecker Fires Back in Suit
(DBN Subscription Required)

Baker & McKenzie reshuffles management as COO quits
(The Lawyer: separate free registration required)

__________________

Frontline Shareholders Facing No Payouts
(DBN Subscription Required)

Airlines:

Air Canada hiding in bankruptcy, WestJet says
(DBN Subscription Required)

Pension Math Proves Elastic in Court Case Over Pilots
(NYT: separate free registration required)

Hawaiian Air stock still listed
(DBN Subscription Required)

______________________

EPIQ releases third-quarter earnings
(DBN Subscription Required)

Soaring Home Prices, Uncertain Job Market Keep California Families Struggling
(DBN Subscription Required)

Suit Threatens British Arm of Washington-Based Actuary for Insurer's Collapse
(DBN Subscription Required)

$11.60/minute (scroll down)
(DBN Subscription Required)

Accounting:

Witnesses will tell of tax shelter abuses - "We became rock stars, with aspirations of seven-figure compensation"
(DBN Subscription Required)

Atlanta to get office of 'accounting police'
(DBN Subscription Required)

Audiovox Report Has More Errors
(DBN Subscription Required)

Senators to Probe Stories of Tax Shelter
(DBN Subscription Required)

_______________________

In the '90s, IPOs dazzled, fizzled and died. Now some good firms with real prospects are lining up
(DBN Subscription Required)

Missouri is the new capital of bankruptcy filings
(DBN Subscription Required)

Rival Flynt Looking At Penthouse
(DBN Subscription Required)

Deflated investors suing their advisers
(DBN Subscription Required)

S&P comments on US credit scoring models
(DBN Subscription Required)

R.J. Reynolds 'light' cigarette case delayed
(DBN Subscription Required)

Citigroup Racks Up Record Profits
(DBN Subscription Required)

 

Energy:

Judge OKs Mirant $500 Mln DIP Loan With Conditions
(DBN Subscription Required)

Mirant OK'd to get loan - But judge questions why a firm flush with cash needs to get $500 million
(DBN Subscription Required)

Judge allows Mirant to borrow to help in reorganization
(DBN Subscription Required)

Mirant, rivals stand to lose on gas plants
(DBN Subscription Required)

_______________

Enron:

Enron's creditors rip recovery plan, complain proposal short on details
(DBN Subscription Required)

Flurry of protests hits Enron's self-appraisal
(DBN Subscription Required)

The Post-Enron 401(k)
(DBN Subscription Required)

Enron's Shadow Falls on Electricity Fight in Multnomah County, Ore.
(DBN Subscription Required)

_______________

Intelsat, Ltd. Wins Auction of Loral's North American Satellite Assets; Advances To Next Phase
(DBN Subscription Required)

CFS: Sill testifies about desire for cash
(DBN Subscription Required)

A borrower's house of cards
(DBN Subscription Required)

Use of Scoring Models by Corporations Increasing
(DBN Subscription Required)

Iron Mountain Lake files Chapter 9 bankruptcy
(DBN Subscription Required)

Guilford Mills pondering sale, other strategic options
(DBN Subscription Required)

FAO, Inc. Responds to Negative Press Report
(DBN Subscription Required)

Steel:

Georgetown Steel shuts down plant
(DBN Subscription Required)

Workers await company's fate
(DBN Subscription Required)

Retirement Plan To Be Terminated
(DBN Subscription Required)

Government moves to seize Weirton Steel pensions
(DBN Subscription Required)

Atchison Casting says it has bidders
(DBN Subscription Required)

___________________

Thaxton:

Thaxton Group files for bankruptcy
(DBN Subscription Required)

Lancaster Investment Firm Files For Bankruptcy
(DBN Subscription Required)

_______________

Metatec:

Metatec, Inc. Files For Chapter 11
(DBN Subscription Required)

Metatec wants to reorganize, sell to top creditor
(DBN Subscription Required)

________________

Prominent Seattle consulting firm closes, files for bankruptcy
(DBN Subscription Required)

A three-headed dog with a fearsome reputation tries to prove it can really be a loyal, tame animal
(DBN Subscription Required)

Chevys pleads to use all of $5M DIP
(The Deal: separate paid registration required)

Not all non-profit credit counselors are out to help you
(DBN Subscription Required)

$65M Winning Bid for Twinlab
(DBN Subscription Required)

Orange County, Texas, Homebuilder Places Dormant Business Unit into Bankruptcy
(DBN Subscription Required)

Judge approves Data Transmission's reorg plan
(The Deal: separate paid registration required)

Key Bank Sells Assets of Failed Baby-Clothing Maker in Fort Kent, Maine
(DBN Subscription Required)

Policyholders of Reinsurance Group Reciprocal to Get Partial Payment
(DBN Subscription Required)

Metachem cleanup stumbles

Who pays if charter schools fail?
(DBN Subscription Required)

PurchasePro sues ex-chief
(DBN Subscription Required)

Bankrupt bicycle maker Cannondale slices jobs
(DBN Subscription Required)

Bond losses erode US life insurers' capital
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(5 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Conseco Seeks Foreclosure on Ex-CEO's Home
(DBN Subscription Required)

Corporate Reform:

Chicago Lawyer Hired To Direct NYSE Inquiry
(DBN Subscription Required)

Market reform could be most radical since 1933
(DBN Subscription Required)

How banker transferred assets
(DBN Subscription Required)

As the bill for the Sarbanes-Oxley Act comes due, execs are grumbling about the steep costs of compliance
(DBN Subscription Required)

Corporate directors rebuked - Cozy inaction in board rooms gets stockholders irate
(DBN Subscription Required)

Quattrone's lawyers moved for a mistrial in the banker's obstruction case because of a juror's absence for the birth of his child
(WSJ: separate paid subscription required)

_____________________

After a Devastating Prognosis, HealthSouth Seeks a Recovery
(WSJ: separate paid subscription required)

Fewer Global Fallen Angels Expected in 2003
(DBN Subscription Required)

UK:

Current Distressed Companies Update
(DBN Subscription Required)

Retailers to suffer rise in business failures in 2004
(DBN Subscription Required)

New broom looks at sweeping legal changes
(DBN Subscription Required)

Insolvency reform in Northern Ireland is lagging behind the rest of the UK
(The Lawyer: separate free registration required)

_______________

Japan:

Organization said cheating debtors by using names of lawyers, volunteers
(DBN Subscription Required)

Opposition To Accuse Tokyo Of Fraud In Resona Bailout
(DBN Subscription Required)

____________________

Germany:

Leo Kirch Faces Breach of Trust Probe for Consulting Contracts
(DBN Subscription Required)

Insolvent Aero Lloyd Plans New Take-Off
(DBN Subscription Required)

___________________

Netherlands:

KPN Chief Executive to Give Up Bonus
(DBN Subscription Required)

__________________

Australia:

PC Company accepts its fate
(DBN Subscription Required)

Pan subsidiaries placed in liquidation
(DBN Subscription Required)

Three-week reprieve on the Horizon
(DBN Subscription Required)

__________________

France:

Auditors raise doubts about Alstom's survival
(DBN Subscription Required)

______________

Iraq:

Nations ponder Iraq's 'odious' debt millstone
(DBN Subscription Required)

__________________

Canada:

CSII to File Amended Plan of Arrangement and Reorganization
(DBN Subscription Required)

Insolvent Gauntlet Energy in talks about CCAA restructuring
(DBN Subscription Required)

___________________

Malaysia:

Stopping sharks
(DBN Subscription Required)

_________________

Korea:

SK Networks' creditors to ink final restructuring document Oct 27
(DBN Subscription Required)

_________________

Argentina:

Argentine Official To Mull Samurai-Bond Restructuring
(DBN Subscription Required)

_____________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com