December 2, 2004 

Daily Bankruptcy News

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

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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High Court Considers Shielding IRAs From Creditors
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Supreme Court ponders IRA bankruptcy protection
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Use of IRAs eyed in bankruptcy case
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The Briefs: Petitioners' brief, Respondent's brief , Petitioners' reply brief
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Law:

US firms to hike bonuses as Sullivan sets the trend
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It's Not Just What Tech Stuff You Use, But What You Do With It
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Law Office Tech From the Ground Up
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Clifford Chance kicks off review of Asia network
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Houston Bankruptcy Law Firm Trades Up With 24,147-SF Lease
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Partner's Teaching Gig Nets Clients
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Orrick closes in on Swidler's Manhattan practice
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Bryan Cave Vice Chair Takes Over As Head
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Heart-warmer
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Where the privilege lies
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Firms Play Holiday Card Games
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Legal Recruiters Merge
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Former CA governor returns to law
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Law firm considers move from building -- Quarles & Brady reviewing lease, would stay downtown
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Accounting:

Deloitte Reports $16.4B Revenue, Int'l Expansion
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Louisiana Men Sued in '100 %Tax Freedom' Scam

Mayor's Jewelers, Inc. Provides Update on Restatement Issues
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Asbestos:

Building giant caught in asbestos row
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Asbestos fund wins $88m reprieve
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Steel:

Judge nixes GE-GMP Stelco bid
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Free credit reports may reveal surprises
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Insolvency strands ailing Amtrak
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Pittsburgh: City teetering on budget abyss
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Applied Extrusion Tech. Files
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Applied Extrusion Files Reorg Plan With Financing From GE
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Stockholders riled at Atlanta energy firm Mirant
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Court: Ex-Farmland CEO can seek benefits
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Wichita Thunder file for Ch. 11
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US Credit Card Trusts Performance Slips Back In October
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Key House Lawmakers Question Fannie On Fraudulent Loans
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Trump Hotels Shareholder Seeks Equity Panel In Ch11 Case
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Wet Seal third-quarter net loss widens
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Final Consolidated Freightways Properties Go On Auction Block
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Another Indignity for 2 Failed Ghosts of Dot-Com Era
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Airlines:

Airline industry turning into survival of fittest
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Delta GE financing tapped for $580M
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'It's high noon' for unions, airline
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US Airways to ask judge for more relief
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Airport Authority eyes N.Y., D.C. slots
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Airline Closure Leaves Travelers Stuck, Angry
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Southeast Airlines ceases operations
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Starting as Sun Jet, airline had ups, downs
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Cutoff date sees Delta pilots leave airline en masse
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Delta Cuts Pack $782M Annual Economic Hit for North Texas
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Would-be Hawaiian Air group faces setback
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Robbery By Bankruptcy
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US Airways Reports $188M Net Loss In September
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ATA Airlines Auction Attracting Suitors
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Europe's discount airline industry crowded, fierce
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Enron:

An odd collection of what's left of Enron will be distributed
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Lessons from Enron fade
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Corporate Reform:

Spitzer to seek wider arena
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SEC halts trading in 26 small firms
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As jurisdictions around the world tighten up their regulations governing fraud in all its forms, those who cross the line are finding that now, more than ever, there is no place to hide
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Calpers President Harrigan Voted Off Pension Board
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Service Lets People Bet on CEO Firings
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Delisting trickle set to become a flood
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Economy:

Hiring by factories reinforces growth
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Economy improved over past month, Fed says
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CEOs less bullish on economy
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Data paint rosy picture for fourth quarter
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Some mixed signals
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Footstar May Lose Kmart Biz
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Rudolph Giuliani firm buying Ernst & Young unit
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E&Y leaves workout biz to Deloitte
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RCN extends reorganization vote deadline
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Ninth Circuit Clarifies Requirements For Filing Involuntary Bankruptcy Petition
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Forward Contract Exceptions to The Automatic Stay Are Narrowed
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Lampert's Next Move
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Amcast declares bankruptcy
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Bankruptcy of business need not lead to personal bankruptcy
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Rare Insolvency Ruling Withholds Full Faith and Credit
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It Was a Debt That Would Live in Infamy, but Most of O.C. Forgot
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Diocese can see sexual abuse claims filed during bankruptcy case
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Agents Escape Renaissance Lawsuits
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UK:

Insolvency Service to chase bankrupts' pensions
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Loose ends cloud Lords privilege ruling
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Pension safety fund may need double levy
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Courts' customers to lose their money
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Courts customers tell of their plight
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50k hit by Courts collapse
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Yachtswoman Edwards faces bankruptcy over loan
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Baker Tilly sells 'house of horror'
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Decline in corporate failures slows
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Italy:

Pavia heads hit list as Parmalat investors file suit in New York
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Bank Of America Requests $10 Billion Parmalat Lawsuit Be Dismissed
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Bank Asks Court to Dismiss Parmalat Suit
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Parmalat Creditors' Ruling Expected Next Week
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Singapore:

Option bets likely cause of CAO losses
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CAO blocked from trading on Platts
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CAO debacle: Many unanswered questions
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China Aviation Boss Makes his EXCUSES...AND Leaves
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'Model of corporate governance' fights for survival
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Japan:

Japanese bankers face criminal investigation -- Prosecutors say three ex-managers obstructed inquiry, lied about bad debts
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Japan's vaunted boom turns out to be a damp squib
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Russia:

ONGC seen as favored ally for Gazprom in Yukos bid
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Authorities Trying to Block Yukos Meeting
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Canada:

Court OKs plan to liquidate New Skeena Forest Products
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Province to give break to Manitobans who declare bankruptcy
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Germany:

Germany's largest bank to cut nearly 2,000 jobs over two years
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