December 14, 2004 

Daily Bankruptcy News

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

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Airlines:

US Airways Workers Authorize Job Actions
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US Airways retirees bullish on retaining benefits
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One Reason Airlines Keep Flying Despite Huge Losses: GE
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Attendants vote to authorize strike
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Strike threat hits US Airways
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Outsource the unions
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United's CEO Takes A Hefty 11% Pay Cut
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PBGC Files Court Brief Urging UAL Pension Contributions
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United cuts nonunion pay and benefits, including CEO's
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Southwest is seeking control of ATA
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ATA offering ticket refunds
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Air Canada unions treated as creditors
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Airlines fly in, don't fill up at Chicago's O'Hare airport
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Hard Landing of Air Polonia and Its President
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United Airlines looks to void Denver property tax obligation
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Hockey:

Now, it's the owners' turn
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Asbestos:

Unions fight back over asbestos -- insurers slammed for failing to pay victims
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End to Hardie saga is in sight
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Cash from the past?
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Trump Shareholder Wants Better Deal
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Trump: Bigger than Coke or Pepsi?
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Trustee balks at fees in Trump case
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Watchdog, shareholder object to Trump's Chapter 11 financing
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Zurich Fincl To Pay $47.5M In US Nursing Home Settlement
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Zurich Financial Services Settles In Senior Living Bankruptcy Case
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Zurich Financial higher as US out-of-court settlement welcomed
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Penthouse is lifted from the basement
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Executive pay at Murray remains point of contention
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Hearing today will reveal Murray buyer
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SoundTrack parent in distress
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Ex-Conyers aide in fraud trial -- U.S. indictment says conference vendors unpaid
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Landlord facing five years for bankruptcy fraud
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Tiny "dot.com'' town could lose pavilion, fairgrounds
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Receivership offers hope for Detroit, but at a high price
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Ormet: Will it Ever End?
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Is This Business DOA? Analyzing the Key Factors that Drive Small Business into Distress
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Fed rate hikes getting to be a habit -- Greenspan & Co. likely to raise benchmark another quarter-point
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NorthWestern Shareholders To Get Some Money Back
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Junk Market Nears 1998 Record For Issuance as Rally Continues
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Tax-Backed Ratings Unaffected by Mirant Bankruptcy
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Oh My, the New Client Owns a Plant in Mexico? What Do We Do Now? (Part II)
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Bankruptcy looms for New Jersey-to-New York ferry company
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Recent Going-Concern Statements
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Executive exodus continues at Friedman's
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ASA: to file for bankruptcy
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Law:

New York Bonuses Cause a Stir
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O'Melveny & Myers LLP Announces Partnership Class for 2005
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Chief Justice Rehnquist Fully Participating In Dec Cases
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Collaborating with Clients
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The Dark Side of Collaboration
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The Perils and Pleasures of Long-Distance Collaboration
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Dumpster Disasters
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Judge Suspended for Wearing Blackface
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The lawyer who tried to take it all
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Linklaters launches high-tech conflicts system
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Boston VC leader rocked by core defections
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Enron:

CIBC assigns funds for Enron lawsuits
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Steel:

Steel's Booming -- Better Take the Money and Run
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Corporate Reform:

Founder Escapes Charges in Global Crossing Failure
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Govt. Seeks to Seize Rigas Systems
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Rigas Cable Assets Run By Adelphia May Be Seized
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U.S. corporate culture continues self-serving ways
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Board member duties take on real meaning after Sarbanes-Oxley
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U.S. Examines CSFB Trading of AIG Shares
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Retailing:

Retail sales up for November
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Accounting:

Krispy Kreme Misses Filing Deadline for 3Q Report
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Wilbur Moves Up
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Kaiser to tell Houston goodbye
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New Jersey man pleads guilty to investment fraud in LA
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Credit Ratings Get Poor Ratings
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Judge OKs Art Collection's Move to Philly
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Swift layoffs likely to have ripple effect
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'I've been preparing myself by saving my last few paychecks'
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Growth in Technology Buyouts
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Court Clears Couple to Sue U.S. Agents ho Drove Him To Bankruptcy
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Auditor: Beef plant owner in default on $35M loan
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Ho, Ho, Heave-Ho for holidays
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Lionel agrees to loans
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Struggling Ultimate Electronics on brink of Chapter 11
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Intermet union rejects contract
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Datatec Systems to Reorganize in Bankruptcy
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Premier Concepts Emerges From Chapter 11 Bankruptcy
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The bankruptcy machine -- Assembly line fed by easy credit, eager lawyers and life's misfortunes
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What to expect on a ride through bankruptcy
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Cardinal Health to slash 4,200 jobs -- Shares drop after company details 3-year restructuring plan
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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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Directors And Officers Turn To Estate Planning
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Six Critical Steps in the Turnaround Process: An Owner's Viewpoint
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Economy, Stock Market Fuel Merger Revival
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Investor group hopes to breathe life into Palomar bottled water
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Texas AG assets of alleged diploma mill university
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UK:

SB Capital deal may save Courts jobs
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Courts to reopen 14 stores
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Courts jobs go as rescue deal shuts 74 stores
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KPMG secures deal for Courts
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UK Companies predict increase in level of bad debt in 2005
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Holiday group in the balance
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I'm broke but I've pounds 12,000 to spend
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MyTravel rebels win right to appeal
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Court decision puts MyTravel rescue plan in doubt
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'Last chance' to solve pension crisis
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The 'domino' effect of Auctionworld - Eckoh blasted by customer insolvency
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Canada:

Tellier clashed with owners -- Family was no longer willing to wait as debt was slashed to junk, turnaround stalled
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Tellier's sudden departure as Bombardier's CEO sends stock to record low
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Bombardier in tailspin
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Singapore:

China Aviation Parent: Will Provide Fincl Support To CAO
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CAO's liabilities may come to US$450-500m
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Korea:

Liquidation to Damage LG Card Creditors
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Japan:

M'bishi Motors postpones rehab plan
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Mitsubishi Motors says no decision on asking creditors to waive debt
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Japan November Corp Bankruptcy Cases Down 2.6% On Year
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Australia:

Elliott claims $227 in bank
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Elliott offers asset sale to stave off bankruptcy
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Ion needs more cash, creditors told
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Israel:

Receiver appointed for Zeevi's Galaxo
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Russia:

Yukos Majority Owner Calls On Schroeder To Press Putin
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Yukos' Hldr Threatens Legal Action Vs Suitors For Core Op
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Yukos Accused of "Filthy Theft"
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Ireland:

Students stranded as court winds up business school
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