October 7, 2003 

More homeowners selling houses for less than they owe
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After two bankruptcies, Robert Earl is heaving Planet Hollywood back into orbit
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Former Employees, Suppliers of Bankrupt Maine Paper Firm Rush to File Claims
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Law:

Report Shows Billing Rates Increase among Law Firms; Slow Economy Did Not Deter Increases
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Squire Sanders forms Saudi alliance
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Denied Firm's Chairmanship, Partner Defects
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Chicago’s Wildman Harrold loses UK chief
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Wachtell's Fees in WTC Suit Could Top $4 Million a Month
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Vinson & Elkins gives up on London finance
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Baltimore Law Firm Embarks on Long-Term Growth Plan for Downtown
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Allen & Overy and Clifford Chance get US associate thumbs up
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Akin Gump ramps up restructuring
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Law Firms Open Up - Traditionally secretive, law firms are using extranets to give clients access to documents and a window into their operations
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Alstom dumps White & Case
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Law Firm Argues In Favor Of Wireless
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Why two US firms are making a belated attempt to get into restructuring
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Top Firm Associate Quits to Head to Medical School
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Many law firms have a serious structural problem on their hands
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Amerco files plan of reorganization with court
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U.S. credit card chargeoffs rose in Aug
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Damages set aside in tobacco case
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Telecoms:

Impsat to Enter Auction for AT&T Latin America
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Investors pay for Nextgen failure
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Energy:

USGen New England Reaches Preliminary Agreement With Bear Swamp Creditors
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NorthWestern seeks safety from lawsuits
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Mirant ready to pay back taxes
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Don't exempt nat'l banks from state loan laws--groups
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Second competing plan introduced for Palmer Johnson
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Advanced Lighting Technologies Files Amended Plan and Disclosure Statement in Voluntary Chapter 11 Reorganization Proceedings
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Asbestos Wave Rises; Crest Yet to Come, According to A.M. Best Co.
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Hercules Chairman, CEO Steps Down
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Dish maker gets offer
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Channel Master to Emerge from Chapter 11 by Year's End
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U.S. judge won't delay Kmart fraud trial
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UBS, J.P. Morgan Deter Derivatives Rout Through Data Crunchers
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Corporate Reform:

Fidelity receives subpoena
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Executives depend on technology to keep their companies in line with the Sarbanes-Oxley Act
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Enron:

Enron Doesn't Deliver, but in Bankruptcy It May Still Collect
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Nevada Power taking dispute to FERC
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Sierra Pacific Resources Files New Complaint at FERC Seeking to Stop Enron From Obtaining 'Unlawful Termination Payments'
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`Firebug' convicted of burning Fastow mansion
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Effort to make PGE public falls under attack
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UnionBancorp, Inc. Cites Further Deterioration of Two Previously Disclosed Impaired Credits
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Federal-Mogul Combines Product Groups
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Big Idea Holds Bankruptcy Auction
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Help for Horsehead may lie with benefits
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Most Non-Performing FHA Loans Start With Downpayment Gift From Relatives
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The office market continued to deteriorate in the third quarter
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Outsourcing Firm's Bankruptcy Filing Leaves 3,000 Texans without Paychecks
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Accounting:

Auditors File Few 10A Reports
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The IRS is reviewing hundreds of millions of dollars of deductions for potentially overvalued patent donations
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Homestore Changes Auditors
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BearingPoint to Alter Results
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S.E.C. Investigates El Paso's Accounting
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Implementation of International Financial Reporting Standards
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Sun CEO Apologizes For 'Wacko' Accounting Remarks

CPAs Band Together to Confront AICPA

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Feds to freeze Cognati inventory
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Managing Directors & Officers Risk – Carriers and Insureds Collaborate
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Court: Family loses Florida homestead bought with fraud cash
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Steel:

Republic Steel Files For Chapter 11
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Republic Engineered Pdts: Lists $467.9M In Liabilities
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Republic Engineered Files for Bankruptcy
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Petition

First Day Motions
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Blackout played role in bankruptcy
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S&P issues report on N. American steel industry
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Refreshing Ross makes right moves at iffy ISG
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U.S. Specialty Steel Producers Struggle With Lost Market Share
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Delay in Decisions Keeps Warren, Ohio-Based WCI Steel Afloat
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Airlines:

Former United employees sue to get jobs back
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Air Canada's court fees top $15 million so far
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Fees could help reduce Pittsburgh International Airport debt
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Firms stay stingy on airfares
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Employees of Now-Defunct Airline Braniff Reunite in Dallas
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Lawmaker Proposes Specialized Businesses Court
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UK:

Powergen prepares Midlands bid
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Fast-growing lawfirm to create 100 new jobs
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British Energy finance director quits
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Japan:

SMFG, Goldman to announce bad-loan JV
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Australia:

Insolvency champs aid soccer
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Singapore:

Asia Pulp Debt Swap May Keep Creditors From China Arm
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Credit card debts driving more to bankruptcy
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Germany:

Insolvency favorites cash in on closed market in Germany
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