August 31, 2004 

Daily Bankruptcy News

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

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Law:

The A-List: Reaching the Top
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Legal Secretaries: Numbers Wane, but Demand Does Not
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Atlanta Firm Plans Manhattan Office
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Money and Power Cross Paths, and a Good Time Is Had by All
(NYT: separate free registration required)

Mentoring: Its Time Has Come - Again
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Generation X and the Millenials: What You Need to Know About Mentoring the New Generations
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Mentoring Associates: It's Simply Good for Business
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With a Plan for Expansion of Output, MIC Capital, in Collaboration with D. E. Shaw Laminar Portfolios, Files a $140 Million Plan of Reorganization for WCI Steel
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Three parties vying for WCI
(The Deal: separate paid registration required)

E-Debt files for bankruptcy
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Asbestos:

Federal-Mogul reorganization up for vote
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Federal-Mogul could sell T&N
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OC reveals retention bonuses for 5 -- Creditors group criticizes $2.3 million payment
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Peers pressure Carr to reject Hardie payout plan
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Grace reaches out to asbestos creditors
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Unit joins Flintkote in Ch. 11
(The Deal: separate paid registration required)

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Accounting:

IRS Gave Right Answers To 62% Of Tax Law Queries -Report
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FASB Scraps Options Tax Proposal
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Shell's auditors in firing line as US lawyers prepare class action
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The landslide bringing down Shell grandees: The SEC is determined to pin the reserves scandal on individuals
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Shell in hell: The oil giant has been heavily fined for overstating its reserves, but now looms the prospect of law suits against the individuals involved
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No Guts. No Bucks. Tax and accounting have become commoditized services, but who gives a damn?
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Using Tax Havens Helps Cos Bidding On US Contracts
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Recent US Earnings Restatements
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U.S. consumers spending with gusto
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Oneida Ltd. Completes Encore Sale
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Pennsylvania Sen. Orie Proposes Legislation to Curb Unscrupulous Predatory Lending Practices
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OnLine Power's assets sold
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Florence Freedom finishes season with 3 more liens
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Frank's Nursery stock falls 17 percent
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At One International Place, Chiofaro finds it's time to Put up or shut up
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Economy:

Better Off Than 4 Years Ago? Nation Is Divided
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U.S. August Consumer Confidence Seen Falling, Survey Shows
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U.S. consumers seen returning to their spending ways
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Economy More Sluggish Than First Thought
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Crash course in credit
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For Acclaim, game is over
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Acclaim shutters offices, staffers ushered off premises
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Looser lending leads to more foreclosures
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Airlines:

US Airways Pilots Receive New Contract Proposal From Airline
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Pilots only part of US Air's woes
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US Air pilots seen rejecting latest contract
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US Airways Up on Labor Talks
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Can US Airways survive to bid Castro adieu?
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Shutdown remote, not unthinkable
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US Airways pilots sharply divided as cost-cutting talks falter
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United Airlines plans to recall nearly 375 flight attendants
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Major Airlines Will Fail
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Alitalia dives toward bankruptcy
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Alitalia headed for bankruptcy within a month: board
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Italy holds airline to ransom over pay cuts
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Delta, pilots start talks on pensions
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Changes inevitable for Delta
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'Jilted' partner wants extension in Hawaiian Airlines case
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The new formula for staying aloft
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Bombardier likely headed to junk by Moody's
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SkyWest's future tied to partnerships with unstable legacy carriers
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Liars' service expands
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Interstate:

Interstate Bakeries Delays 10K, May Have Going Concern
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Maker of Wonder Bread Delays Annual Report, Shares Tumble
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US bakery faces slim pickings as faulty accounts are laid bare
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Twinkies maker in crisis
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Shares in baker drop 42% after it delays annual report
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Interstate Bakeries Not Mulling Bankruptcy
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Interstate Bakeries Hires Turnaround Firm
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Interstate Bakeries Could File Bankruptcy
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Nevada casino operator buying financially troubled Shreveport riverboat
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Small cable firms likely to bid for Adelphia's assets
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Recent Chapter 11 bankruptcy by Roman Catholic Archdiocese Posing New Legal Challenges
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Wet Seal faces new class-action lawsuit
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IRS Nonacquiescence: Offers-In-Compromise From Bankrupt Taxpayers Are "Nonprocessable"
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BMC Industries Announces Court Approves Sale of Vision-Ease Lens Assets
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Auto-seat producer warns employees of plant's likely closing
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Arkansas: State Judge OKs Long-Running Bankruptcy Case
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Experts Assess the Influence of Long-Term Capital's Loss
(NYT: separate free registration required)

Miners To Protest Ruling In Horizon Resources Bankruptcy
(WSJ: separate paid subscription required)

Laid-Off Norvergence Workers Have Big Medical Bills, No Answers
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5 Tips: Dealing with debt as a senior
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Consumer Loan Fraud Expands Beyond Credit Cards into "Secured" Credit
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Parent of New York manufacturer says bad checks, financial woes not related
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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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House prices may overheat
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The renewal of Harold Brown
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Enron:

Connecticut Trash Customers to Get Back Half of Enron Loss
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Corporate Reform:

Hollinger Board Faces Criticism In Report
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Chief executives of U.S. companies that outsourced the greatest number of jobs reaped bigger pay and benefits last year,
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UK:

Ilford slashes workforce in effort to find buyer
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Investors may go bust after 'secret' trades
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Country's top-earning lawyer and cashmere queen enter big league
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Lawyers face curbs over 'profits before ethics
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Advisers net 35m from TXU collapse
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Current Distressed Companies Update
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Australia:

Sons of Gwalia's golden days end
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Sons of Gwalia Faces Costs of About A$800 Mln
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Gold Rises as Sons of Gwalia Raises Delivery Commitment Concern
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Tin mine may owe up to $5m
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Australia's Maryborough FY Loss Widens; Future Uncertain
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Korea:

Kookmin Violates US Accounting Law
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Court to Rescue Credit Defaulters
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Japan:

Japan's flat industrial output in July latest sign of growth pullback
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Deadbeat borrowers thin in Japan as banks pull plug
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Russia:

Tax Ministry: Blacklist of banks is myth
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Canada:

Canadian Perspective on the Chapter 11 Stalking Horse Bid Process
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Software firm VoiceIQ, under bankruptcy protection, reports Q3 loss of $41K
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New Skeena blocks unions trying to jump to top of creditor list
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Federal Compensation Fund makes money while victims denied
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Pakistan:

Pakistani workers trapped in cycle of debt / Practice of bonded labor outlawed, but remains widespread
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Argentina:

US Court Asks Argentina Multicanal To Correct Debt Deal
(WSJ: separate paid subscription required)

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