September 22, 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
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Enron:

Lawyer for Andersen decries Merrill deal
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Andersen would have grabbed deal like Merrill Lynch's
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What will remain of PGE?: Experts say Enron's plan fuzzy on details
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Asbestos:

Halliburton says DII, KBR units to solicit claimants
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Telecoms:

US will not block Global Crossings deal
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Global gets OK to sell stake
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Destroying MCI
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Corporate Reform:

John Reed, NYSE's Interim Chief, Avoided Wall Street Scandals
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In String of Corporate Troubles, Critics Focus on Boards' Failings
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Magnate Uses 'Didn't Know' Defense
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A Primer on the Mutual-Fund Scandal
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Bank fees add up to profit
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Economy's yin, yang tugging middle class into bankruptcy
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Moody's cuts Continental Global's debt ratings
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Nashville: Ramos law firm files for bankruptcy
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Steel:

Tariffs Help Lift U.S. Steel Industry, Trade Panel Reports
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Post-Wardrop may be even tougher on AK Steel's workers
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Orchestra offers plan to bankruptcy court
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Orchestra fans seek to buy music library
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Loral satellite shuts down, knocks out some services
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Loral and Insurers Face New Worry In Faulty Satellite
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Credit counseling vs. bankruptcy
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Suit against Kmart fails
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Accounting:

Accounting firms ramp up entry-level recruiting: Ernst & Young to increase hiring by up to 20 percent
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Sarbanes-Oxley a year later: Who is winning, who is losing
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Fired Coke Auditor Takes On Giant Corporation in Lawsuit
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One Audit Committee, Many Regulators
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Grasso Resignation Highlights Calpers
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Is good judgment eluding U.S. corporate auditors?
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Feds May Bar Qwest From Government Deals
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Surrender Required After Mortgagee Rejected Reaffirmation

Debtor-in-possession financing is keeping increasing numbers of bankrupt companies afloat. But squishy assets are making large deals harder to negotiate.
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Texas: Protections for 'mechanic, artisan, material man' have their limits
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  Caught in the Credit Card Vise
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Law:

How Many Associates to Hire? Well, It's an Inexact Science
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Class Size at Top NY Firms, 2001-2003
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Lawyer to be sentenced in Frankel scheme
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After Three Bankruptcy Partners Defect, Firm Reloads
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Regulators pinch legal franchise
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Selling the law: Attorneys walk tightrope when trying to market their services
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Lawyers Hop on Hogs for Charity
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NY Firm Inks Pact to Share Clients With Hollywood Firm
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Better times forecast for law firms large and small
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How firms can best ride out the downturn without jeopardising their future growth
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Firm Lays Off Staff, Closes Satellite
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Lawyers face a new world of risk abroad
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Seven decades of experience: James Bass Sr. reflects on the passage of time and the practice of law
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Judge Rules Aliens Can Take La. Bar Exam
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Adams & Reese scouting for next acquisition
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Law firms try to save more time for pro bono efforts
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Three Testa partners venture out, two heed Piper's call
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Collective balance sheet showing rebound
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How a regular guy gets homeless
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Airlines:

Deadline set for airline's creditors
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Air Canada gets sweeter leases on 38 Airbus planes
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Hawaiian Airlines profitable in August
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Soros joins Air Canada race
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US Airways Issues Reply
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Bankruptcy court OKs United's request for time
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Airline Stocks: The Ticket To Ride?
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United Needs Issues Solved Before Filing
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Energy:

NorthWestern Corp. stock gains despite bankruptcy
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NorthWestern Now Has Chance To Right Itself
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NorthWestern investors left with questions
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Utility officials say money for low-income customers shielded
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Foreign projects broke Mirant
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Insurers hike rates for directors, officers; private firms escape
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Factors to Consider Before Going to Bankruptcy Court
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Bankruptcy doesn't have to end in foreclosure
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FTI Consulting, Inc. Updates Outlook for 2003 Third Quarter, May Miss Estimates
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Baltimore: City loft pioneer in Chapt. 11
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Before Enron, before WorldCom came CFS
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Jones-Tyson Would Be a Fight for the Ages
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Lender to San Francisco hotel investors: It's check-out time
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Living Paycheck to Paycheck (All of Them Big)
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U.K.:

Delays leave British Energy on a knife edge
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Creditors to get better deal under insolvency law revamp
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SFO may investigate Equitable
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Current Distressed Companies Update
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London lawyer jailed in US for share sting...
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Australia:

Pan workers lobby for salvation
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Lawyers chase investors' lost millions
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Japan:

Takenaka Keeps Posts; Vows to Clear Japan's Bad Loans
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How Japan's recovery might damage the American economy
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An endless supply of meat for loan sharks
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Japan's corporate faith-healer
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Korea:

Bail-out of SK Networks may be in jeopardy
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Jailed SK group owner bailed, faces new probe
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China:

China in fresh move to clean up bad debts
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Chinese banks to sell off $6bn in bad assets
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Argentina:

Argentina to Offer Bondholders New Securities in Debt Plan
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Argentina sets out $100bn debt restructuring plan
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Argentine Investors Have Low Expectations
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Argentina claims debt agreement a world first
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Germany:

Josef Ackermann's Unwanted Day in Court
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France:

Banks seen backing last-ditch Alstom rescue plan
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Talks to save Alstom go down to the wire
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Alstom awaits bankers' decision
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Singapore:

Loss And Redemption: A Bankrupt's Story
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Canada:

Share halt or CCAA which comes first?
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