October 9, 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

         
Telecoms:

Global Crossing to Emerge from Bankruptcy
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Global Crossing sale finally agreed
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ST Telemedia and Global Crossing Secure Final Regulatory Approval
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Urban Com Plays NextWave Card At The Commish
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Telecom Recovery May Be Far Off
(WSJ: separate paid subscription required)

The man assigned to put WorldCom on ethical footing, won't mince words assessing the telecom's disgraced CEO
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Judge likely to OK HomeGold plan
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Magellan:

Magellan gets handle on its crippling debt
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Bankruptcy Court Confirms Magellan's Plan of Reorganization
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Onex halves investment in bankrupt U.S. health firm
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Being a Poor Working Mother in America
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Loral rejects new EchoStar offer to purchase its assets
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Offer for Assets of Eveleth Mines
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DIP Dimensions: NextWave
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Gedney cleared to emerge from bankruptcy
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Big Idea to Hold Bankruptcy Auction
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Student Advantage Settles Litigation with Bankruptcy Estate of CollegeClub et al
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Gulf Coast lawyer to be sentenced in January for Bankruptcy embezzlement
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Corporate Reform:

CEOs Blast SEC Proxy Plan, While Unions Praise It
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The NYSE's Other Millionaires
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Legal Employee Testifies in Tyco Trial
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Ex-CSFB Counsel Cross-Examined for Quattrone
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Document Retention After Sarbanes-Oxley
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Quattrone Set to Confront Prosecutor
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Tyco Jurors See Documents From A To Zzz
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Internet Initiative Auditor Sees Going Concern Doubt
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Lender lawsuit dims Liteglow future
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Pillowtex bonus plan for remaining workers OK'd
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New Jersey Residents Affected by Bankruptcy of Miami-Based Travel Company
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Media Briefing Regarding Decision on Crowley Creditor Lawsuit
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Bankruptcy Growth Slows a Bit
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Accounting:

Computer Associates finance executives resign after accounting audit
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Fired, bankrupt company continued to collect recycling
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House passes pension relief
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Cone Mills:

Cone Mills Will Lay Off More Than 600
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Four Cone Mills directors to oppose Ross deal
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Enron:

Arnold's blackout about Enron
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Sierra Pacific to FERC: Block Enron
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Airlines:

Airline, Pilots Negotiate Up to Bankruptcy Deadline
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Delta to Meet With Pilots in Hopes of Restarting Salary Talks
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Flipping schemes down 82%, study says
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Steel:

Progress in Fansteel Reorganization
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The report on steel
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National Steel Seeks Court OK Of $13.6M Tax Settlement
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Republic Engineered Products plans to restart operations
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Bankrupt steel company hoping for financing arrangement
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Republic seeks $194M DIP loan
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Weirton Steel confirms merger talk rumor
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Business group tried to keep Slater running
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Steel mill asks workers to accept pay cuts
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Mississippi Chemical Announces Agreement for Sale of Trinidad Ammonia Plant
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Letter from Delaware - The fight over Cone Mills, Providence Capital advises Amerco, Libra Securities forms restructuring unit,
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Chi-Chi's, Koo Koo Roo Enter Bankruptcy Court
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Energy:

97% of Voting Creditors and All of the Voting Classes Approve PG&E's Reorganization Plan
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FERC Approves Xcel Plan to Transfer NRG to Creditors
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Citibank, Credit Suisse Object To Mirant DIP Loan Pact
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Two banks in the Federal Home Loan Bank system reported problems related to derivatives - Too much risk?
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Law:

Firms Already Eyeing Next Crop of Summer Associates
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High stakes for Allen & Overy as conflicts row rumbles on
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NY Firm Finds New Digs
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Prominent Law Firm Closes Va. Office
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Lawyers cautiously optimistic for future
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Duane Morris opens Detroit law office
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Morgan Lewis opens in Boston and Chicago
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A guide to law firm PR
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Farmland:

Farmland Industries Bankruptcy Plan to Be Sent to Creditors
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Creditors Fight Farmland's Sale of Fertilizer Plant
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Justice Dept. Allows Sale of Bankrupt Meatpacker
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Hilbert sues Conseco, makes settlement offer
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Burlington asks court to extend rights
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Team America's client list sold to competitor
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Don't Let a "Cram Down" Get You Down: A Cram Session on Cram Downs in Chapter 13 Bankruptcies
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The Effect of Confirmation: The Creditor Is Protected
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Bankruptcy judge to hear Kalakala sale objections
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Former Polaroid/Ch 11: Investors Question Plan Valuations
(WSJ: separate paid subscription required)

France Plans to Reject Effort By U.S. to Extradite Executive Life Executives
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Coal Bankruptcy Threatens Miners
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New Texas tax law targets business property
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Australia:

Australian debtor finance hits $20 billion
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UK:

Former 'Fat Lady' forced to file for bankruptcy
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West law firm wins National Insolvency Service work
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FSA moves to overhaul listing rules
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FA 'could lose millions'
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Clampdown deadline approaches on Jersey trust bank accounts, warns KPMG
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Divorce lawyers told to report tax dodges
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New Zealand:

New NZ laws to protect borrowers
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Student debt written off due to bankruptcy
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Iraq:

Hyundai sues Iraq for $1bn
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Brazil:

Brazil's House to Vote on Bankruptcy Bill as Lula Seeks to Spark Lending
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Argentina:

After Legal Defeats, Argentina National Mail Co Faces Bankruptcy
(WSJ: separate paid subscription required)

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Japan:

Shinsei Bank To File Appeal In LTCB Unit Case
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