December 6, 2004 

Daily Bankruptcy News

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Airlines:

Airports ride out troubles better than airlines
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Air Polonia goes bankrupt
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Polish Low-Cost Carrier Grounds Flights
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Collapse in talks with Irish firm sees Polish airline Air Polonia suspend all flights
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Alaska Air Group Steps Up Cost-Cutting Efforts
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US Air Sees $987M In Pension Plan Payments Through 2009
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US Airways accord may set the tone for others
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Airline industry could see rise in business fliers
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Labor unrest looming for airlines in the U.S.
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US Airways retirees fighting mad over plan to cut benefits
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Delta workers plan for worst
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Can mergers keep airlines flying?
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American to cut management, staff
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Judge Dismisses American Airlines - TWA Lawsuit
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United Airlines Layoffs Hit Denver Hub
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United Airlines Laying Off 825 Employees
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US Airways, CWA deal offers options
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Hawaiian Airlines Posts $1.2 Mln Net Loss For October
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Nigeria Airways: Liquidator Promises Transparency
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On the Rise: Labor Unrest and Jet Fuel
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Airlines Bridle Under New US Federal Security Directive
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The Poor Little Rich Guy
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Marital odds not good for bankrupt $149 million lottery winner
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Bankruptcy Filings In the U.S. Continue To Show a Decline
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Accounting:

Adviser on tax cheating now assisting IRS
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Accountant Greg has future all figured out
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Judge lifts asset freeze in US tax shelter case
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Big target but small firms in line of fire too
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With CEO gone, Aspen readies to restate numbers
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Developer files suit against former auditing firm
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Capgemini notifies state of plans for layoffs
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Corporate Reform:

Global Crossing's Winnick to Be Fined in SEC Accord, People Say
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Aon chief comfortable with firm's behavior
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Spitzer On The Loose
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The Wyatt Earp of Wall Street
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If alarm bells don't ring
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SEC Seen Acting In 2005 To Curb Soft-Dollar Deals
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U.S. Prosecutors Examine Medco Payments
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Arch Capital Insurance Unit Gets Subpoena From Spitzer
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State opens 18-company insurance industry probe
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Indians trump Trump's offer on casino
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Flap over Trump casino escalates
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Trump is thrilled with weak dollar
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Freedom owner plans to have fun
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California clergy abuse deal sets record
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Spokane diocese to pay $664,500 to abuse victims
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Diocese's Deal Raises the Bar Across U.S.
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Bankruptcy auction of Web patents could be a royalty pain
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Bank outbids all for F&N
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MBA students push the ethics envelope with Solutia bankruptcy
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Credit counselors draw IRS' focus
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InCap asks city judge to liquidate e-commerce firm
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Mirant, California go to court
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Costs of Attorney Discipline Proceeding Aren't Dischargeable, Baltimore Judge Rules
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Citation optimistic on exiting bankruptcy
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Improved economy raises Colorado 'Z-Scores'
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National Benevolent Association continues to dismantle, eliminates HUD business
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Judge Orders Review of WorldCom-Related Fees
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Business bankruptcies decline by 10 percent
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State sees bankruptcy record
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Law:

SEC Threatens Ex-Brobeck Lawyer Over Client's Probe
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Firms Spending Millions on Art for Offices
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Wheels of justice grind slowly
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Piper-Rudnick,DLA Merger To Create Global Law Indus Giant
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Starting Your Own Firm
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The Annual Dilemma of Client Gifts
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Government Probes Stoke Law Firms' Internal Investigations Practices
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Munsch Hardt taps Lincoln Plaza: Law firm leaves Fountain Place, other tenants may be in flux
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Associate Piles Up Televised Hours on "The Apprentice"
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Nick Nolte sued on claims teen was assaulted at his home
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Firm Jazzes Up Pitch to Law Students
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Controversial Web Site Drops Lawyer Ads
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Retailing:

Thinking outside the toy box
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Stores pull out all the stops to gain sales
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Buying easy, paying hard
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Careless use of credit, especially around Christmas, can yield overextended finances
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Enron:

Task force says jurors could be fair to Lay, Skilling
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Final filings set stage for oral arguments on PGE buyout
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Fraud Allegedly Plagues Energy Trading
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Judge in Nevada Power-Enron case blocks federal panel hearings
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Targa now wants all of Bridgeline
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Nevada Power hits obstacle in struggle with Enron Corp.
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Asbestos:

Appeals Court Rejects ABB Ltd.'s Plan
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Court undoes ABB asbestos deal
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ACCC threatens Hardie over $2bn
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Asbestos-Related Pleural Plaque Disease Case Back in Court
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Oglebay Norton Board Terminates Long-Term Incentive Plans
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Crane Co. Reviewing Third Circuit Combustion Engineering Opinion
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Motley Rice Attorneys to Speak at Asbestos Conferences
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Small biz gets a break in Norvergence leasing claims deal
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Tower Auto Defers Conv Pfd Div On Liquidity Issues
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Hawaii: Mokuleia foreclosure may slow sale
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An investment fund is taking over the high-value properties from their Japan-based owner
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Sears, Kmart mega-merger may result in mall vacancies
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Some shareholders in old Kmart feel burned
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Developer in debt still seeking Kansas deal
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'Free' credit reports
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M&A Industry Weighs Fees Against Size
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Coal miners lose insurance in bankruptcy
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Boston hospital mends its finances
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Burger King in franchisee pickle
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Tough cuts are Pittsburgh's future
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Pittsburgh's bond rating still lowest in nation
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Ruptured recovery: Council latest roadblock to city's solvency
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Erpenbeck: Tony's house next on the auction block
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Restructuring CSFB
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Austin: Creditors want to take Bradley back to court
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Bankruptcy cloud hangs over the O.C. a decade later
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Owner's death, legal fights lead Brokers Inc. to bankruptcy court
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Turnaround stocks can provide solid returns
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Get happy, get out 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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Seyfarth Shaw set for bankruptcy trial against ex-client of Chicago law firm
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Pressure mounts on ex-Brobeck lawyers to pay up
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Malden Mills workers OK strike
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Corporate Model Proves an Imperfect Fit for School System - In St. Louis, Some Question Whether Bankruptcy Firm's Fix Is Working
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Lessons of the OC bankruptcy
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Still battling bankruptcy after 10 years
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An O.C. Sequel May Be Coming Soon
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O.C. Rebounds, Frayed at the Edges
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IPayment Says Suit Against Co. Without Merit
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WestPoint Stevens gets reorganization plan extension
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VFW fights couple's bankruptcy plan
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Tampa: A crumbling foundation: Owner has several properties in receivership
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Crump-Padgett items going on bankruptcy sale this weekend
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UK:

Tories plunge 15m into red as polls point to loss of faith
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Eurotunnel struggles to dig itself out of a hole
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New bidder on horizon for Wrexham
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Creditors of TXU to get first payout
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Power firms to recoup 2bn from TXU
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Britons pay price for not looking before they leap into debt
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Equitable Life pensioners face legal setback: Annuitants will be liable for crippling fees if they lose lawsuit over slashed incomes
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Germany:

German '04 Corp Insolvencies Seen Stuck At Record Highs
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Canada:

Octane Energy Services Ltd. placed into receivership
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Big banks report record profits in 2004, but growth expected to slow in 2005
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Potential buyer of Nackawic mill given more time
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India:

Government charts out plan for financial reforms
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Singapore:

British banks caught in derivatives hit
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Deutsche Bank Checked China Aviation Finances Before Share Sale
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CAO 'sold stake to cover losses'
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The CEO Behind a $550 Million Bad Bet
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Australia:

$2bn `just disappeared'
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Japan:

Top leaders say recovery peaking
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Russia:

Russia's energy sector hinges on Yukos fight
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Russia welcomes foreign bids for assets of embattled Yukos oil giant
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YUKOS asset sale: paper names panel fixing the price
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Yukos faces new searches, taxes
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Yukos Loses Court Appeal to Stop Sale of Yuganskneftegaz
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Yukos Fights To Bitter End
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Italy:

Bank row over Parmalat claims
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Indonesia:

APP says reaches creditor deal on Indonesia debt
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Nearly All Lenders Agree On Indonesia Units Debt Plan
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India:

Govt introduces Debt Bill
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