August 30, 2004 

Daily Bankruptcy News

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

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Personal, corporate bankruptcies take dip
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Enron:

Enron execs' defense laments the lack of help
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Nevada agency set to pay $1 million in Enron case
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Ken Lay states his case on his own Web site
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Waiting For Enron To Pay Up
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Idle Hands? Not for Long
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$1.5 billion for L.A. priest abuses?
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Asbestos:

T&N offer rejected
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T&N rejects Icahn's 71m cash offer
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Federal-Mogul May Sell Turner & Newall Assets
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Cheney at Halliburton: A mixed record as CEO
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W.R. Grace lifted by settlement hopes
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Lancaster, Pa.-based flooring firm resolves more bankruptcy issues
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Law:

We The People: Legal Aid Gone Wrong?
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Grand Old Party Time
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Lawyer Faces Tribunal for Drunken Antics in Court
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The Case of the Vanishing Internet Law School
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State Bars Revamping Ad Rules
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Hiring ticks up: Firms focus on lateral hires
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Sedgwick's verdict: We're moving: Legal eagles to fly to 1 Market from Embarcadero Center
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Clients in the classroom: Law firms take on teaching
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Ethical Questions Raised on Legal Fee From Widow
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Accounting:

Calpine Accounts Questioned
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Report shows auditors failing in accuracy
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Liquidity crunch threatens Oxford
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Workers struggle to find work after midlife job loss
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Franks Nursery delays payments, its vendors say
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Greenspan cautions about retirement promises
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What if there was nothing left? Social Security disaster looms, Greenspan warns
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Burgers' New King
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Going public getting harder / As IPOs become costlier, some CEOs decide to sell
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Deal with horsemen approved
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Dayton bankruptcy cases finally on the decline
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Weil, Gotshal & Manges Advises The DIRECTV Group in Asset Acquisition of Pegasus Satellite Television
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Fashion Prices, Credit Cards Putting Teens In Debt
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Acclaim shares tumble on Wall Street
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Acclaim File for Bankruptcy?
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Cable Veterans to Bid in Adelphia Auction
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Grocer to give up stadium naming rights due to financial problems
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Experts say act quickly to avoid foreclosures
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Interstate Bakeries Corporation Defers Filing 2004 10K
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Recent Going-Concern Statements
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Airlines:

Delta Bankruptcy costs could top $100M
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Free flights test patience
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Delta Suffers Setback with Debt Committee
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Dividend Miles: Use 'em or lose 'em?
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Future shaky for US Airways couples
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Looking to move up by going south
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Can SkyWest survive without Delta?
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US Air, pilots to reopen concession talks
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US Airways pilots, management make new offers
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US Airways' next chapter: Return to Chapter 11?
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Deutsche Bank buys airline debt from unions
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CIBC exercises rights to acquire stake in restructured Air Canada
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Hawaiian Airlines Creditors Committee to Join Trustee Plan
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Hawaiian Airlines Plan Could Pay Creditors In Full
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IRS claim remains an issue in Hawaiian Airlines bankruptcy case
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Trustee backs Hawaiian reorg
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Local US Airways employees worry about pay concessions
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Greek Government May Increase Efforts to Sell Olympic Airlines
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Last call for BA as goodwill takes flight
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Getting mixed signals: Experts see positive, negative indicators in midyear bankruptcy figures
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Energy:

NorthWestern to hold limited re-vote of reorganization plan
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Lenders Plan Foreclosure of Liberty Power Plant
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Minn Atty Genl Wants Xcel Customers To Share NRG Tax Break
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Dichotomy puts intriguing twist on bankruptcy cases
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Corporate Reform:

Some Wall Street Arbitration Cases Show Conflicts of Interest; Panelists Who Render Awards Have Industry Ties
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Biz scandals show pitfalls families face
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Companies are increasing their fraud-fighting efforts
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Corporate pension troubles show signs of worsening
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Pension crisis may require taxpayer bailout
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Penthouse Link To NYU
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'Penthouse' Founder's Furniture on Auction
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Florence Freedom financial records disputed
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Economic Squeeze Plaguing Middle-Class Families
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Latest debacle in Florence Freedom's saga: no beer
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Freedom owners face new worries
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Kerry vows to help middle class with plan to stem high credit-card fees
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Bankruptcy up in state (AZ), slips in U.S.
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Consumer Sentiment Slips
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Pooled pension in trouble Investment fund files for bankruptcy
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Kerry blames Bush for 'downsizing' American dreams
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CA: Road to change is slow for mechanic's liens: Industry resists efforts to protect property owners
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Erasing black marks: Turning to credit counseling service may not be any better than filing bankruptcy
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Credit Card Trust July Charge-Offs Decline To 2-Year Low
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Lodgian tries a turnaround: Refinancing, revenue growth and renovations lift hotel company's fortunes
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Jeff Dove has been involved in nearly every big CNY business bankruptcy in 15 years
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Baltimore: City builder BCI files Chapter 11
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Bad Credit? Write Letters or Pay Up
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Analyst sees more machine shop bankruptcies ahead
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Opportunity opens wide: Amir Fawzy has reason to smile as he rescues practice from bankruptcy
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The circle of life of pension plans
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Overdue debtors beware -- Website offers Caller ID falsification service
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UK:

Lions Deny Bust Claims
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Investors could go down with broker
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Aid plan for bankrupt coach firm
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Brown stymies auditor cap
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Bankruptcy expert fears new Act will increase personal insolvencies
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Japan:

Financial-sector shakedown afoot
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Daiei revival plan fails to win support from creditor banks
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Daiei creditors seek to split firm
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Europe Slips Further Behind U.S. in Economic Competitiveness
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Australia:

WA miner may sell off gold
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Sons of Gwalia Appoints External Administrators to Company
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Hong Kong:

Credit squeeze risks triggering loans crisis
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Goodbye Dolly for bankrupt lawyer
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South Africa:

Wild West liquidations sector in dire need of a good sheriff
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Liquidations hearing lays bare fronting
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Turkey:

Credit card craze sets off alarm bells in Turkey
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France:

EU asks France for details of Vivendi tax agreement
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Canada:

Buck or Two store to close
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Russia:

Investigation into bankruptcy of liberal Russian newspaper continues
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Vietnam:

Vietnam Toughens Bankruptcy Laws
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Korea:

Fascinating Korean Bankruptcy Law
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