August 23, 2004 

Daily Bankruptcy News

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

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Shifting obligations of pensions an outrage
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King Kong Debt Meets Middle-Class Life
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Enron:

More hands reach in Enron retirement pot
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Causey, Skilling join Lay in asking for separate trials
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Skilling Seeks Trial Separate From Lay
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Protective order snags release of Enron tapes
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State trash authority holds auction on Enron settlement
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Ex-Enron CEO Skilling Seeks Separate Trial
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FERC Cuts Deal to Get Access to More Enron Tapes
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Telecoms:

Nortel battles back
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Wet Seal Shares Sink on Net Loss, Warning
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La Senza sale of Wet Seal stock misses meltdown
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Analysts See Grim Future for Wet Seal
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Corporate Reform:

Companies must tell more, and sooner
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Bashing CEOs is dandy -- but where were their boards?
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Cos Grapple With 8-K Rules, As Holders Await Timely Info
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Unfair dismissal claim questions reach of Sarbanes-Oxley
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Can small businesses learn from the Adelphia mess?
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Accounting:

CPA firms feeling squeezed by new corporate accounting rules
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IRS says companies may pay employment taxes twice
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FASB, Say It Isn't So
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Trump Cards
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Fewer workers make ends meet in weak recovery
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Southfield woman uses connections to start over after bankruptcy of Vanguarde Media
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Scammers aim at people desperate for credit
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Economy:

Crude oil may rise on supply threats
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Oil giants skimp on exploration budgets, pocket big profits
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Inflation outpaces paychecks
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Rose is nearly $1 million behind in federal taxes
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New Rose scandal taxes Bud
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Footstar Announces Agreement to Sell Gaffney Distribution Center for $15 Million
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Former J.A. Jones units find life after bankruptcy
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Team owner's assets tagged
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City to decide on eviction from Florence Freedom stadium
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Utah's biggest political donor is a swindler, foundation claims
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Collecting mortgages, bad will
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From 'I do' to 'I quit'
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Bogus Prof's $2m Lie
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Wooley says Shlotzsky's shareholders left out
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Brands change course to combat low-carb diet craze
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Washington Bankruptcy Case Yields DOMA-Friendly Ruling
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Court confirms Haynes International plan of reorganization
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Bankruptcy court's ruling on gay marriage isn't surprising
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Penn Traffic offers its plan to emerge from bankruptcy
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Infinia finance proposal approved
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Working Americans mourning loss of free time
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Friedman's Existing Lenders Approve Proposed Credit Agreement Restructuring
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Indebted seniors increasingly turn to bankruptcy
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Analysts believe bankruptcy is next step for beleaguered AaiPharma
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Price-Davis asks court to approve reorganization: Builder has liabilities of $5.1M, assets of $4.3M
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Tru-Circle files for Chapter 11 bankruptcy
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CEO's shocking suicide
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Fleming pensions protected
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Erie Power Technologies Up On Auction Block
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Los Angeles County emergency room closures strain health care system
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Working Hard, Falling Behind
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Airlines:

Debt restructuring in Delta's cost-cutting
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Now all Delta can do is wait
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Delta workers barred from investing in airline stock
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Delta drops Atlanta advertising firm
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Delta: A Wing, a Prayer, a Revamp
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Delta retirees worrying about pensions, health care
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Delta, US Air face key stretch
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Judge OKs Amended United Financing Plan
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United gets its way in court / Union pension plan arguments rejected in favor of airline
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Where United's billions in losses began
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United retirees being put at risk
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United Argues It May Terminate Pensions
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Almost $2 Billion
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United Pension Problems Prompt Reform Calls
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United Airlines Offers To Scale Back Exclusivity Request
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Unions say United ignored pension-cut alternatives
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High oil price risks bringing down US airlines
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Up to 150 jobs to be cut in Alaska Airlines management
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Great Lakes Airlines nets $2.4 million in second quarter
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ATA's options are narrowing
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Sitting atop piles of miles
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S&P Cuts US Airways Ratings As Storm Gathers
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US Airways to open new hub -- in Florida
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Airline, pilots trying for deal
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Airport watches labor woes at only carrier, US Airways
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US Airways warns workers on risk of liquidation in 30 days
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S&P downgrades US Airways again
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US Airways' uncertainty prompts travelers to study alternatives
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Bearish mood on Hawaiian Airlines
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Easyjet to cut routes and planes in cost-cutting drive
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Law:

Weil Gotshal & Manges reports post-MCI increase in bankruptcy share of profit - bankruptcy practice now 20 per cent of business
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Linklaters hires US insolvency specialist
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Linklaters builds New York restructuring practice
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The challenge of retaining good people is becoming more pressing
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The adviser to the advisers -- Law firms are increasingly bringing in general counsel to advise as risk and compliance issues escalate
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It's a rough life: client development trips to Italy, wine tastings . . .
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Squire Sanders and Coudert Brothers pull plug on merger
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Bar Proposal Is Bad News for Bad Lawyers, Who May Pay for Their Own Prosecution
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Shifts at Shook Hardy lower the bar count
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Former lawyer gets 18 years in prison for theft from clients
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Overseas transfers create better cross-departmental communications and well-rounded lawyers -- but it'll cost you
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Law firms climb aboard marketing bandwagon
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Freshfields counts cost of commercial conflicts as talent walks
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The implications of Mark Belnick's acquittal
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Australian lawyers report salary rise
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Cisco poised for move to DuPont legal model -- one-firm-fits-all
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Demand for librarians at law firms on the rise
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Risk managers become popular choice for firms
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The most tightly held equity out of the UKýs top 100 law firms
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Who's Buying Lunch? Under New Ethics Rules, Not the Lawyers
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I wish I was a lawyer
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Clifford Chance mentoring scheme offers black students a helping hand
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Kutak Rock weighs change of venue: Plaza to Downtown
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Kmart's lawsuits seeking $174 million result in some settlements
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Big boxes, big holes: Retailers are leaving behind scores of unused buildings that pose major challenges to refill
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Action moves from track to courtroom -- A harness racing track's fate still hangs in the balance
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How Charlie Falk was driven to the brink
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Middle-aged professionals leading recent rise in bankruptcy filings
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Tucson Catholic Diocese braces for bankruptcy
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Parishioners supportive during financial crisis
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Payday loans, plastic can trap the unwary
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Collectors watch fight over Confederate letters
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Over a Barrel -- Millionaire maker of bourbon barrels is accused of using bogus South Florida ministry to siphon corporate funds
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Energy:

Kiel Bros. Oil Co. begins process for auction of assets
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NorthWestern takes measures to emerge from bankruptcy
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Utility thins severance plans
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Court Won't Delay NorthWestern Ch 11 Plan Hearing
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Word Network exec's troubles deepen
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Bankrupt Snake River golf project lures investors
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Credit counseling law garners industry praise
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Judge orders forensic examiner to Hardy Chapter 11 bankruptcy case
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Guilty plea in fitness gear scheme
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Tone of BofA layoffs in Boston rings familiar
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Fitch Places 3 Classes of GMAC 2002-FL-1 On Rating Watch Negative
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UK:

Are you prepared for negative equity?
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500% roadshow ends with arrest
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Living dangerously on credit
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We can't get on with our lives
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Are Your Debts Dangerous?
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Probe into Barrymore bank deals
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Russia:

Yukos Shares Fall on Latest Report
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Yukos shares hit by 'new tax bill'
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YUKOS woes won't affect output
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With a Putin aide now at its helm, Russia's state-run oil firm seems set to grab the falling giant's assets
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First witness backs Khodorkovsky at trial
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Bond markets 'leave Asia vulnerable' Researchers warn that the region faces a potential rerun of the 1998 turmoil
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South Africa:

Sick note buys three weeks as Porritt refuses to talk
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UAE:

Harsh working conditions depress expatriate workers -- Suicide After Losing His Wife To His Creditors
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Israel:

When a deal is a done deal
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Philippines:

Philippines in 'fiscal crisis'
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Japan:

Daiei proposes plan to avoid takeover
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Wal-Mart Wants to Be Big in Japan
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Italy:

Parmalat Shut Down All of Its Factories in China
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Canada:

Bank profits set to jump
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Australia:

Elliott continues bankruptcy fight
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Dusty death: How asbestos hit Australia
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China:

Measures to cool China's economy hit private firms
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Turnaround artist looks for safe expansion Li Wenyue, entrusted by the state to restructure Guangdong's flagship company, says it will take no more risks
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Vietnam:

Agriculture Insurers in Vietnam Face Bankruptcy
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