April 6, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Steel:

Judge refuses to delay Weirton Steel sale to ISG
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Weirton Steel posts $700 mln loss in 2003
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Weirton union argues for sale to ISG
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Another prospective Weirton Steel buyer surfaces
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Kerry criticizes Bush over steel tariffs
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Standard Steel to be sold or closed
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Kokomo alloy maker files bankruptcy
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Spiegel to try to sell Eddie Bauer unit
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Telecoms:

Telecom headed for bankruptcy reruns?
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NASD suspends, fines ex-Salomon analyst on Winstar
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Accounting:

IRS alerts employees, businesses to watch for employment tax evasion
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Most Corps. Paid No U.S. Taxes in Late 90s
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More than 60% of U.S. firms didn't pay federal taxes for 1996 through 2000
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The economy may be on the mend, but for financial executives, the job opportunities aren't so great
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IRS to Hunt More Tax Dodgers, Commissioner Says
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Options Debate Reaches a Feverish Pitch
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SEC Launches Probe of Nortel Accounting
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Energy:

NorthWestern: City OKs joining power authority
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PYR Energy to buy Venus Exploration assets
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Court Authorizes Final Collateral Agreement in Sierra Pacific Resources-Enron Dispute
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CHS Signs Agreement to Purchase Farmland's Ownership of Agriliance, LLC
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Chicago photographer says Speigel catalogs violated copyright
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Dan River estimates loss at $152 million
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Chief executives see U.S. economy and hiring starting to pick up
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Dynabazaar, Inc. Announces Going Concern Qualification
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The Immune Response Corporation's Auditors Expressed a Going-Concern Qualification
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Cardima cites auditor opinion on status as going concern
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Footwear Maker Unveils Revamped Business Plan To Address Going Concern Warning
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Credit-repair charlatans use sleight of underhand
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Agency wants CCCS receiver
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Credit adviser denied license
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Builders Facing Inflation, Ponder Bankruptcy
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Idle U.S. machinery exported
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Did You Ever Watch Magnum P.I.? Did You Ever Think of Hiring Him? Part II
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Bank of America says it will cut 12,500 jobs for $1.6B US in annual savings
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U.S. office vacancies fell for the first time in over three years, while the average vacancy rate for apartments rose to its highest level in 17 years
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Globalization's Impact on Insolvency Law and the Restructuring Industry
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Greater Southeast Emerges From Bankruptcy
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Accused company loses protection from creditors ; Several Portland businesses say they are owed thousands, but can't afford to pursue claims against Endeavor Holdings
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  Airlines:

United Airlines rejects Atlantic Coast contract
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United, Atlantic settle dispute
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Some United Airlines Flight Attendants Seek to Replace Their Union
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Martin urges Air Canada, stakeholders to find deal
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Air Canada pilots open to cuts to save rescue deal
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Air Canada edges closer to the brink
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Future of Aeroplan could be up in air
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Who will rescue Air Canada?
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Air Canada Running Out of Time
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Pension funds looking at Air Canada
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Stiff competition, declining market share may make Air Canada a tough sell
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US Airways Seek Ways to Make Reductions
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Air Canada Unions Eye Greater Say On Seeking Alternative
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US Airways faces cost showdown in Philadelphia
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Rumors fly of possible Delta bankruptcy filing
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Asbestos:

S&P cuts Congoleum Corp ratings to D
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Federal-Mogul Postpones Hearing On Chap 11 Plan Summary
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The Asbestos Blob, Cont.
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Asbestos deal made at all-night meeting, inquiry told
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Corporate Reform:

Adelphia Filings Allowed For Rigas Borrowing $2B
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Jury deliberations begin in Qwest case
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Conrad Black sues publisher Hollinger International over stock options
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Tyco jurors deliberated by the book
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Tyco juror criticizes prosecution in Time magazine
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Probes unfazed by Tyco failure
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Trial of Third Tyco Official Set for this Month

A police official said the writer of the letter that prompted the Tyco mistrial told authorities he thought a mistrial already had been declared when he sent it
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Tyco Letter Writer Believed Mistrial
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Media Seeks Access to Tyco Mistrial Documents
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Jury in Tyco Case Rallied Around Embattled Juror
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Tyco Jury Selection May Be Easier Next Time Around
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After a Mistrial, Choices to Make
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Newspapers Defend Outing Tyco Juror
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How Broken Is White-Collar Justice?
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As Demands on Directors Increase, So Does Pay

Unleashing Directors and Urging Them to Bark
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Scrushy's Lawyers Seek Counts Dismissed
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BNP Paribas confirms probe into U.S. operations
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Three charged in $55 million investment scam
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He does the firing, but his battered casino empire suggests he's a better pitchman than manager
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Crt Delays Ruling On Med Diversified Ch 11 Plan Summary
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Protecting Yourself When a Surety's in Financial Distress
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Insolvent Dow Corning Corp. to cut 250 jobs, mostly in United States
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Debt Trap Grows Larger For Consumers Living Paycheck to Paycheck
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Law:

Legal PR Awards Winner/Outstanding Media Exposure: Bingham McCutchen: How PR Boosted Case of Two Law Firms That Merged
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Bingham lose eleven to New York firm
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Logo stick
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Crowell & Moring quack attack
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Milberg Weiss Denies Allegations, Defends Role As Lead Counsel
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Baker Donelson Expands Again
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Small Firms a Big Draw for Law School Grads
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Enron:

Enron wife Lea Fastow facing stark life in prison
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Government goes high-tech in tax crackdowns
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Farmland comp package creates rift
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How to Identify Bondholders and Communicate with Them. Part II
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We Beat the Numbers!
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How to Identify the 7% That Succeed After a Chapter 11 Bankruptcy
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UK:

What to do when the bailiffs come
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Dargan to question Major over Mayflower
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Concern over huge rise in the number of student bankruptcies
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Tenants in debt face losing their homes
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Plan to prevent bankruptcies
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On reflection: It's the credit agencies that's decide the rules on bankruptcy
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The Credit Institutions and reorganisation & winding-up directive
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Eurotunnel Dissident Shareholders May Oust Management
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Crisis At Label To The Stars
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Menzies Corporate Restructuring appointed to Telstar Records
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Canada:

Doman, creditors clash over restructuring plan
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South Africa:

Rule On Black Liquidators Raises a Storm
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Australia:

Almost as crook as Pas-stinko
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Debt collectors may be breaking law
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Italy:

Parmalat Tries to Sell Tourism Business
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S&P says had no early hint of Parmalat credit woes
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Mexico:

Ahmsa to Hire Bricker as CEO to Help Speed Debt Talks
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