September 5, 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:

WorldCom Plan Gets Creditor Approval
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MCI Creditors Delay Some Discovery
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WorldCom Creditors Agree To Suspend Routing Probe
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Federal judge may be asked to stop Oklahoma MCI case
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Firm says it had to change MCI call data
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MCI Saga Comes to a Climax
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Oklahoma Corporation Commissioner Questions MCI Trial
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Com21 Announces Asset Sale Hearing of Video Product Line and Remaining Assets
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Bookpeople Files for Chapter 11 Protection
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Nucentrix Broadband Networks Signs Agreement with SBC for Sale of Assets In Chapter 11 Proceeding
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Touch America asks to sell stadium rights
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Cingular COO: NextWave Spectrum A Good Investment
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Qwest legal tab at $100 million
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Telecom rival gets bankruptcy court approval to buy assets of Summit
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Pension agency's deficit hits $5.7 billion as outflow grows
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Pension Shortfalls at U.S. Firms Double
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O debt, where is thy sting? Choosing a credit counselor
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Bankruptcy puts convenience stores up for sale
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Energy:

El Paso files complaint against Mirant over contract
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Big investors should play activist role
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Law Firms:

Spitzer and the Lawyers: A Love Story
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The biggest labor and employment firm in the United States is losing shareholders faster than it can hire them
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Dallas Lawyer Wins $4.8 Million for Libel by Former Staffer
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Alternative careers
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Corporate crooks put lawyers in ethical spot
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Penn Traffic Retains Jim Demme, Well-Known Turnaround Leader
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Nine reasons why you need to pay off your debt
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D.C. hospital faulted for silence on issues
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HealthSouth to pay employee bonuses
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Productivity higher, as is unemployment
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Callaway Is Top Bidder for Golf Ball Maker Top-Flite
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CWA: Anti-Union Adelphia Wastes $
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  Enron:

Fastow to be tried separately
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Enron Bankruptcy Judge Denies Request For Third Examiner
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Enron: Refund Can't Come from Collateral
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24 Days In The Life (And Death) of Enron
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Slowly Circling CEO Suspects
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The Wiz Gets Resurrected
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Gordon's Merrill Scam Traps `Shocked' Doctor in India
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Boy-wonder trader's climb was fast; his fall, hard
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VeggieTales Creators File for Bankruptcy - Bob the Tomato and friends sold
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109-year-old Long Island department store chain to close
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Airlines:

Mechanics threaten US Airways with a strike
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Atlantic Coast splits from United
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Fountain Hills joins others in trying to recoup lost funds
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Elizabeth Warren: The Two-Income Trap
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Fitch Downgrades National Benevolent Association, Bankruptcy Under Consideration
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Bank of America's chairman vowed swift action to investigate Eliot Spitzer's allegations of improper dealings with a hedge fund
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New York's Attorney General subpoenaed a number of hedge funds and mutual funds, including Millennium, Vanguard and Invesco, seeking trading data
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Anatomy of a tricky trading scheme
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Bankrupt Denver Concert Promoter Reaches Payment Agreement with Creditors
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Steel:

Weirton Steel Hopes to Deal on Workers' Comp
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IdeaSphere to Acquire Twinlab in Planned Bankruptcy, Asset Purchase
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Twinlab Files for Bankruptcy Court Protection; Enters Into an Asset Purchase Agreement and Seeks Approval for $35 Million Debtor-In-Possession Financing
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Acterna Gets Court OK Of Itronix Sale Rules, Breakup Fee
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Federal Court Defers Action on Defunct Halfmoon, N.Y., Mortgage Lender
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Judge Revokes Lockheed Janitor Clearance Due to Bankruptcy, Financial Problems
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Outsourcing Solutions Unsecured Cred Panel Sues Lenders
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Convictions in Carolina Investors case could bring jail, fines
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Former CEO Of Defunct Craig Convicted of Fraud
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GE looms large in reorganized Malden Mills
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Issues decided, will Pillowtex bidders line up?
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Could someone please tell me on which planet the first duty of directors is to look after the interests of creditors, and where the interests of shareholders only come second
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Gedney bankruptcy plan hits snag
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Former Texas bankruptcy official sentenced to prison
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Nike Completes Converse Deal
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Financial problems growing for Blue Ribbon Downs
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Accounting:

Partners to be axed in Big Four efficiency drive
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Bonus Babies: The Best-Paid CFOs
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Companies showing auditors the door
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Penthouse Townhouse
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U.K.:

Digging Your Way Out of Debt
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Marconi chief to gain £3m bonus from sale of Easynet
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‘Supergun’ firm in talks to head off insolvency
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Hospitals face £700m cash crisis
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Canada:

KPMG Files Doman Industries Report
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Concert Industries Receives Extension of CCAA Order
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Creditors grant WorldHeart eight more days
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Taiwan:

Small debtor clearing system new in bankruptcy laws
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Mexico:

Alestra claims support for debt restructuring plan
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Korea:

Former Daewoo Affiliates Likely To Be Freed From Debt Workouts
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Japan:

Stumbling Economy May Hurt Japanese PM
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IRCJ to try to turn around at least 100 firms, chief says
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Australia:

Froggy boss ordered to stand trial
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Pan's administrator 'told to quit'
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