September 12, 2003 

AmeriDebt Sued For Fraud
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AmeriDebt Statement on Action by Missouri Attorney General
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Accounting:

KPMG criticized for not warning on Spiegel
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AIG settles accounting fraud case
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CFOs support new accounting standards
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GASB Proposes the Reporting of More Comprehensive Information for Financial Statement Users
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Sale Delayed of Former Wheland Automotive Facilities - Why Did 2 Out Of 3 Bidders Withdraw?
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Airlines:

Big names may back tenant for United hub
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Pension Issues Loom Large at United Airlines
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Midway Airlines Says Pilot-Union Dispute Could Lead to Shut Down
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Why airlines costs are out of control
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Air Canada Says Bombardier at Disadvantage on Order
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Carty: Airlines must cut costs
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Big Aircraft Makers Line Up at Air Canada's Door
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Garden Botanika regrowing retail roots
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Steel:

On third vote, steelworkers approve Special Metals contract
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Corporate Reform:

Treasury Issues New Split Dollar Insurance, Tax Rules
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Several NYSE floor traders, angered over Dick Grasso's compensation, are preparing a petition calling for new management
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Eagle Foods Receives Court Approval for Sale of Certain Stores
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HealthSouth Names Independent Director
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SEC sues two former HealthSouth CFOs
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Libra Establishes Restructuring Unit Headed by Industry Veteran
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Reclamation Demand vs. A Spot on the Committee: A Credit Manager's Dilemma
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DVI gets bankruptcy court approval to sell assets
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With Loral in bankruptcy, can its chief executive survive?
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Moody's cut DVI Finance asset-backeds
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Property-Damage Proceeds May Not Be Payable To Mortgagee
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Transit Bus Maker Neoplan USA Restructures Massive Debt
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Default Judgment Against Bond Principal Has No Preclusive Effect on Surety
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Debt collector accused of diverting $2.5 million
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Economy forces many orchestras into painful cuts
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Archdiocese sees showdown with insurers on payout
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Glisan's Guilty Plea Revives Enron Questions
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Bechtel, GE Plan More Action to Recoup Dabhol Dues
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Guilty Plea Eases Burden in Enron Suits
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How to Minimize Bankruptcy Risks In Settlement Agreements
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Telecoms:

MCI To Let Some Creditors Change Vote On Bankruptcy Plan
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MCI pleads innocent in Oklahoma
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Who will really pay for MCI's new start?
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Court Confirms Ch 11 Liquidation Plan For Network Access
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Two years after attacks, airlines still struggle
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Conseco:

Conseco ready to re-enter stock market
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S&P Puts Conseco Inc., Units on CreditWatch
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Law:

High Tuition Debts and Low Pay Drain Public Interest Law
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The Lawyer-Witness Walks a Fine Line
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Jones Day hires Clifford Chance Frankfurt partner for insolvency push
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Estranged Common-Law Couple That Never Divorced To Split Lottery Winnings
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Top Firm Drops Merger Hunt
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House passes Fair Credit Reporting Act
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Identity thieves feed on credit firms' lax practices
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Are you worse off than Mom and Dad?
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Energy:

PG&E National Energy Group, Inc. Moves to Change Name To National Energy & Gas Transmission, Inc.
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PG&E warns on toying with bankruptcy plan
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Moody's cuts Altria Group short-term rating
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New Millennium Files for Chapter 11
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Man Pleads Guilty to Scheme That Bankrupted 2 Brokerages
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Little Known Collection Techniques
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14 Debtor Excuses and Collection Techniques
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GenesisIntermedia Investor to Plead Guilty in Fraud
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Denver Financial Adviser Refuses to Answer Questions at Bankruptcy Hearing
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Selected Intellectual Property Issues Arising in Bankruptcy Cases
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Courts Divided on Debtors' Payments to 'Critical Vendors' on Entering Chapter 11
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Turnaround expert rescues Seattle Systems
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Many twentysomethings heavily in debt
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England:

Troubled energy group selling US stake
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What will the Enterprise Act mean for business?
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British Energy Moves Away From Bankruptcy With Sale
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Pension test case risks raising the burden on employers
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IMF Cites Growing Risks to Global Economy
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Australia:

Debt has lost its sting, though the sword still smarts
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Blemishes found in voluntary administration rules
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Help sought for corporate recovery - Australia could soon adopt rules from the United States and Britain
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Costello says Ansett workers will get payouts
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Unpalatable truth in fall of Reynolds
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Posmedia folds with $3.4m debt
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Australia's Consolidated set to take over zinc mine
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Japan:

Japan Aug Corp Bankruptcy Cases Down 15.4% On Year
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Koizumi to Beat Rivals, Call Election, Investors Say
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Japanese recovery hits the accelerator
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Mexico:

Iusacell Bondholders Demand Repayment of 2004 Bonds
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Germany:

German Consumer Insolvencies Rise 51% in First Half
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Canada:

Four charged in bankruptcy
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Bigamist bankrupted as judge backs wives
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Polyphalt Announces an Extension of the Time Period for Filing of a Proposal
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Systech Emerges from Creditor Protection and Closes $5 Million Exit Financing
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Argentina:

IMF-Argentina deal riles banks
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Telecom Argentina Says Received Bankruptcy Petition
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New Zealand:

School Bankruptcy Strands Students
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