September 8, 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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Deal on Carolina Investors/HomeGold could be delayed
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Steel:

Special Metals, union reach tentative agreement
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Kentucky Electric Steel completes sale of substantially all assets
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Georgetown: Sharing the Pain
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Airlines:

AMR Upgraded Again As Airline Industry Optimism Swells
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Firm eyes 80% of Air Canada
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In a highly unusual lawsuit in U.S. Bankruptcy Court, CoreStates Bank is accused of silent complicity in a major fraud
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Tampa: Company with specialized product owes millions
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Law Firms:

Firms laying the law down in effort to rein in costs
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These Workplaces Help Lawyers Balance Career and Home Life
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U.S. Law Firm McDermott, Will & Emery Acquires Large Italian Firm
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Carnelutti U-turns for shock US merger
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McDermotts merger triggers Carnelutti break-away
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Lawyers' attitude toward dress less casual than it was
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Law firms trade dark paneling for less wooden look
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The small law firm: How it can be more attractive
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Firms giving of themselves more freely
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IP lawyers stay busy in good times and bad
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Lawyers lining up on opposite sides in malpractice fight
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Firms unite for more health plan clout
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Corporate Reform:

Paying cash to avoid contrition
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Mass. A.G. Joins Probe Into Funds
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Sarbanes-Oxley a year later: Who is winning, who is losing
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Costs of Sarbanes-Oxley Compliance
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Conseco:

Conseco closes in on new era
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Conseco questions and answers
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Mess Left by Rhode Island Creamery Company's Bankruptcy Remains
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Jukebox Maker Rowe Files for Chapter 11
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Stone & Webster Disclosure Statement Approved by Bankruptcy Court
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Legal fight closes Mutual Manufacturing doors
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Swezey's:

Death on Main Street
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Bargains, and Tears, Begin To Flow At Doomed Swezey's
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Energy:

Pepco, FERC Seek Federal Court Intervention in Mirant Case
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More Power to the People
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PUC to hear alternate recovery plan for PG&E
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Rising Natural Gas Prices Force Utility to Default on Debt
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Mirant Files With Bankruptcy Court For DIP Financing OK
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Billions in US Bonds Seized in British Drug Raids
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LaserSight Files for Chapter 11 Bankruptcy Protection
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LaserSight bankruptcy blamed on cash flow
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Judge rejects Blue Ribbon Downs bankruptcy case
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Lockformer bankruptcy won't deter cleanup: EPA
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  Asbestos:

Senate may not get to asbestos bill
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Suits on Silica Being Compared to Asbestos Cases
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Project Developers Unable to Recoup Money from Bankrupt Armstrong World
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Insurers warned on asbestos reserves
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Senate bill would do a disservice to asbestosis victims
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Electronic Filing Without Signature Violated Rule 9011

Telecoms:

WorldCom Competitors Seek to Block Approval of Recovery Plan
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Hoping to Shed a Scandal
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MCI: access charge fraud not issue
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MCI goes to court to exit Chapter 11
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Ebbers Unready For Prime Time
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MCI lawyers meet to argue for debt plan
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Coming Out Party
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WorldCom fallout may drown more Enron execs
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MCI creditors lose bid to hunt for plot by rivals
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MCI/Subpoenas: US Attorney Had Limited Request's Scope
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Even if bankruptcy plan OK'd, WorldCom has long way to go
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Nucentrix Takes Bankruptcy Leap, Looks To Shed Assets
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Netbeam transactions clear court scrutiny
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Troubled Horizon units bring suit against Sprint
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Pappas reappointed as Idaho U.S. Bankruptcy Judge
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Roberts consider gamble on President Casino
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Enron:

Challenge over Enron bankruptcy plan falls short
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Enron Transcript Record Appeal May Be Decided This Week
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Ex-Enron CFO Fastow gets April 2004 trial date
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Fastow, Co-defendants in Separate Trials
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Read the fine print - Credit cards' enticing rates often rise to the stratosphere
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Is Detroit heading for a crash?
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Accounting:

Finance, accounting salaries make big leaps
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Radical Ways to Curb Book Cooking
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Accounting rules won't replace good judgment
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E&Y earns pricey contract to sleuth into D.C. deals
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Pimco head Bill Gross is preaching doom and gloom again
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Government debt piling up in emerging markets
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Palomar Mountain Spring Water Files for Chapter 11
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National Association of Bankruptcy Trustees - Conference
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Furniture maker Meadowcraft emerges from bankruptcy
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IMPATH Announces Commencement Of Formal SEC Investigation
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Elan makes $2m payment to win time from bondholders
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E & J Gallo Winery to Bid on Bankrupt Madera, Calif., Grape Concentrate Facility
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Deadbeats can kill your firm - Many businesses subscribe to do-it-yourself collections
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Neither Bush nor the Democratic contenders have produced a viable plan. The core problems are structural -- and could take years to fix
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During a Liquidation, File for Back Pay and Wait
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Philadelphia: Center contractor HCT files Chap. 11
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Malden Mills Could Use a Lending Hand
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Turnaround consultants that bailed out St. Louis' failing schools face public fury
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Buyer Plans to Resume Operations at Bankrupt Modesto, Calif., Software Maker
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Denver: Securities group seeking to settle Will Hoover case
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Bankruptcy bargain hunt: Intellectual property buys
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Daisytek Reports $6 Million Net Loss For July
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The Role of State-Level Exemption Laws in Consumer Delinquency Choices
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Austin: Resort developer seeks bankruptcy protection
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Protect college kids from credit card woes
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San Jose: Medical Group sees light at the end of its bankruptcy tunnel
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Learn art of buying distressed assets to expand your business
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Primedex Health Systems, Inc. Files Prepackaged Bankruptcy Proceeding
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Tenant woes major issue facing high-flying REITS: Store closures have analysts closely eyeing sector
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England:

Energy is running out fast
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Deadline pressure mounts on BE creditors
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British Energy Creditors Told to Accept Package
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Chaos as cheats escape taxman
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One small lender, four corporate crashes
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UK company profitability has now fallen for a record 16th consecutive quarter
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The DTI is taking the sting out of bankruptcy
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The US disaster that could pension off all hope of security
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Fans take over struggling club
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Australia:

Pan rescue bid now looks likely
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Pan administrator backs takeover bid
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Garrett faces liquidation
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Urgency ebbs and flows in battle for control of Pan
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Canada:

Is your pension safe?
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France:

Saudi prince in talks with Euro Disney over rescue
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Mexico:

Mexico's Fertinal To File New $900M Suit Against ING
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Rain falls on ING and on Fertinal
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Japan:

Japan's recovery 'still slow'
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Japan's Ruling Party Begins Elections
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Nippon Shinpan May Raise $3 Bln in Record Financing
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South Africa:

Back on earth
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Singapore:

Economic gloom sparks suicide alert
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Israel:

BVR Systems Warns It May Be Unable To Meet Liabilities
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China:

Fears grow about Chinese bad loans
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