August 9 , 2004 

Daily Bankruptcy News

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Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

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Airlines:

Delta Shares Hit New Low Amid Downgrade, Bankruptcy Fears
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Goldman Cuts Delta Air To Underperform From In-Line
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Delta headed for bankruptcy?
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Airport looks more like mall as newest tenants move in: Effect of a Delta bankruptcy not registering with retailers
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Plan to bring Atlas out of bankruptcy draws praise
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United flies away from pension plan
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US Airways Board Backs Offering Unions Profit-Share Plan
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Southwest could replace US Airways, experts say
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Pay cuts downsize pilots' careers
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Cash offered for concessions
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BA set to return to black
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Soaring oil forces BA to raise fares
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Colombia Avianca Pilots Postpone Strike
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Bankrupt Air Canada Reports $390m Net Loss
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Air Canada loss shrinks despite deep charges
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BA lodges complaint over Alitalia rescue measures
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Dresdner sole lender for Alitalia loan
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Hawaii: Sia's bankruptcy lawyers Verner Liipfert to pay $6M in settlement
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Asbestos:

All that glitters is not a real illness
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Victims can seek Hardie's US assets
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Hardie may face legal action in US
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James Hardie release misleading
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James Hardie lawyer plays down 'surge' in claims
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Costello moves on Hardie
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Telecoms:

Bankruptcy disconnects telecom customers
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Leaping out of bankruptcy
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MCI shares soar 16 pct on dividend plan
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Law:

Large-Firm Life: Be Proactive In Getting Feedback
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Judge tosses Brobeck deal
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The Jet Set
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Women are trailing men in ranks of attorneys
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Judge Skeptical of Clifford Deal With Brobeck
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Associate to Play on "The Apprentice" Next Season
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Shifty economy poses planning challenges: Fewer apply to some schools as work markets get better
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Thompson & Knight Raises Associates' Base Salaries
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Malpractice Suit Reinstated Against Weil Gotshal
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Boies, Lawyers in 2000 Fight on Call for Florida's 2004 Vote
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Corporate Reform:

Lawyers, legislators nip at hospital heels
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His failure a windfall for Watson
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Independent fraud and risk management firm is formed in wake of Sarbanes-Oxley
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Steel:

International Trade, Labor Relations and the Role of Bankruptcy in the U.S. Steel Industry
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Steel, jobs and votes
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Judge: WL Ross-Led Group Can Bid On Horizon With Debt
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Calif Crt Dismisses Class Action Vs Solutia Execs
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Aquarium's value leaking?
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Tax appraisal on Denver aquarium smells fishy to Landry's
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Verticore Technologies files for bankruptcy
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Interest rate rises to hit households' debt loads
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The pros, cons of bankruptcy
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Boomers' bankruptcy cases rise nationwide
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New Faces in Bankruptcy Court: The Middle-Aged

Housing Bubble Reaches 'Profound' Stage
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Enron:

Mizzou may give up Lay endowment to school
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Energy:

Mirant wins major victory
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Seitel Announces Final Results of Stockholder Warrant Offering
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NorthWestern Reports 2004 Second Quarter Financial Results Reports Loss of $4.8 Million in 2004
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$6.55M in Parting Gifts?
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Judge orders actor Johnson to pay Aspen grocery bill
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Grocery tab catches Johnson
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Is it a Capital Contribution or a Loan and How Can Electronic Data Assist in the Analysis or Defense of a Claim for Recharacterization? Part II
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Debt counselors might lose IRS tax exemptions
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A company line causes confusion on credit line
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)

Adelphia:

Adelphia Sets Labor Day as Beginning of Auction
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Adelphia Holds Talks Involving Possible Bidders
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Adelphia may sell parts
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Adelphia Sets Auction Timetable
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Checks can open door to fraud as electronic debits grow
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Recent homeowner foreclosures across the nation
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Small sum, big loss
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Substantive Consolidation: When Debtors are Joined at the Hip
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Tampa: Nature's Watch homeowners file for bankruptcy protection
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Malden Mills CEO Has Tough Act to Follow
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Economy:

Admit We Have a Problem
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Market pessimism persists on high oil prices, signs of U.S. economic softness
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Greenback loses ground to it key rivals worldwide
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Oil Slips Again But Stays Close to $44
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A bad-news report
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Accounting:

Leaks hint at Equitable discipline charges for E&Y

Shareholder lawsuit accuses Halliburton of `serial fraud'
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Halliburton Faces New Legal Hurdle
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CoreCare puts bankruptcy in its past
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Diocese bankruptcy sparked by insurance issues, archbishop says
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Portland Diocesan bankruptcy explained
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Ex-Lawyer in Priest Child Abuse Claim Fraud
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Bland bankruptcy saga deepens in court
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AET to enter Chapter 11 in deal with bondholders
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Fair Grounds, horsemen settle lawsuit
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Loss of float means you have to swim
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Paying debt beats many investments
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Terra Industries Inc. to Acquire Mississippi Chemical Corporation for Approximately $268 Million
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It's not a Turnaround Plan Until Several Groups Say it is: How to Communicate with Committees and Groups
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Palco seeks to repossess Scotia Inn in bankruptcy case
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Hotel turnaround strategist advances
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Bankrupt San Diego Financial Services Firm Takes Steps Toward Possible Sale
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Muskegon Air Fair asking for forgiveness or deferment of debt
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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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Weird News
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UK:

Who to blame now it's payback time
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Simpsons tax fraud bust
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Wrexham given tax warning
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Current Distressed Companies Update
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How Rich Is Biggest Bankrupt?
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Is an American sports mogul poised to bid 1bn for world's most famous football club?
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Concern as bankruptcy rates rise by 30pc
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Lenient regime lifts numbers filing for bankruptcy to record
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Loans boom turns to bust
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900 going bust every week
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Australia:

Lewis buys time in bankruptcy proceedings
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Russia:

Russia Crt:Arrest Of Shares In Yukos Unit Illegal
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Investors offer $10bn for YUKOS
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Yukos shares surge on sale delay
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Yukos Shares Surge After Company Wins Yugansk Court Ruling
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Dubai group mounts US$10b rescue of Yukos
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BP faces fight for control of Yukos gas firm
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Yukos chief dropped from Fortune list
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Yukos notches rare legal win
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Russian Senate Abolishes Vat For Cis Oil & Gas Exports, Amends Bankruptcy Law
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Korea:

Warning Issued Against Insurance Crisis
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Bankruptcy Filing Rate Doubles
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Applicants for Individual Bankruptcy at All Time High
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Brazil:

Credit Cards Go Forth, Struggling To Multiply In Brazil
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Italy:

Parmalat Administrator Will Sue Deutsche Bank Today
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Parmalat files suit against Deutsche Bank
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Italian Soccer Club Napoli, the Pride of Naples, Sinks Into Bankruptcy
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Parmalat files suit against UBS for role in its collapse
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Pitcairn Island:

Britain and EU pump up Pitcairn economy with $10m
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Ireland:

Reeling in the big fish
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France:

Fun runs out at Euro Disney -- in for a bumpy ride as it waits for approval for a crucial debt-restructuring plan
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Less a Sleeping Beauty, more a rude awakening at Euro Disney
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Euro Disney must hit debt deadline - or it's au revoir
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Argentina:

Debt-hit Argentina snubs IMF
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Argentina may ignore IMF in debt talks
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Japan:

Daiei creditors may ask IRCJ for 100 billion yen aid
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Mexico:

TMM pulls off debt swap, avoids bankruptcy
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