December 7, 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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Catholic Dioceses:

Spokane diocese files for bankruptcy
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Diocese cites abuse claims in Wash. bankruptcy filing
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Accounting:

'Helpful' tax schemer gets six-month prison sentence
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Man Sentenced in Tax Schemes Also Releases Data on Lawyers
(NYT: separate free registration required)

Wembley loses its auditor weeks before bribery trial
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Tribune, IRS Face Off In Tax Court
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Amerco, PricewaterhouseCoopers Reach Suit Settlement
(WSJ: separate paid subscription required)

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Retailing:

Yule shoppers urged to rein in charges
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Commerce One:

B2B auction highlights IP war
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Bankrupt Commerce One fetches $15.5 million for prized patents
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Mystery bidder snaps up Commerce One patents
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Mystery surrounds Web patents acquisition
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Corporate Reform:

Hartford Gets Subpoena Tied To Legal Insurance
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Ex-Rite Aid Executive Brown to Remain Free Pending Appeal
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Amer Fincl Group Unit Gets NY Atty Genl Subpoena
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Westar Trial Testimony Ends; Atty Barred From Court
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Economy:

Economists Say Employment Will Strengthen
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Sale near of aircraft-parts maker
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Subprime loan market grows despite troubles
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Mirant agrees to settle over gas reporting
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Mirant Comments on CFTC Settlement
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Financier convicted of defrauding Coors heir, others
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Scovill successor seeks bankruptcy plan extension
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High-interest payday loans take toll on military families
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Slow takeoff for Parrot Jungle
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Recent Going-Concern Statements
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MCI Bankruptcy Fees to Be Reviewed
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Lenders Push For Pre-Sale Bankruptcy Of 2 Teco Projects
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Thinking End Is Near, Sect Helps Ruin Bank
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PBGC: Maximum Benefit For 2005 Is $45,614 A Year
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Airlines:

Airlines' backers get tougher on industry
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Labor Department Supporting UAL Fiduciary Pension Motion
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Continental cuts directory assistance to cut costs
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US Airways announces traffic increase
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America West pondering bid for ATA Airlines
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Delta Halfway Through Restructuring
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Ticket agents reel at contract offer
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United COO: Employees May Receive Equity In New Company
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Asbestos:

Federal-Mogul postpones bankruptcy exit hearing
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Asbestos-Related Firms Catch Fire, but Some Are Wary
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New fears over Turner & Newell pensions
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T&N fund members stand to lose 70% of benefits
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One firm's claim set to sink pensions lifeboat
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Are the beancounters exaggerating the asbestos problem?
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UK asbestos claims 'could top 1bn'
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ABB Drops Bond Swap After Asbestos Deal Fails
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ABB Trust Appointee Expects Asbestos Plan Approval
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Labor to support watchdog getting Hardie documents
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Grace files plan of reorganization in Chapter 11 case
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Law:

DLA goes galactic
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DLA-Piper partners say yes to merger
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DLA and Piper (and Gray) Make Merger Official
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Piper Rudnick to take second bride
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Awash in Vioxx Suits, Merck Is Recruiting Big-Time Help
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SEC May Sue Lawyer in Endocare Probe
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US firms boost outsourcing at expense of London rivals
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Boston law firm must pay up to $9.3 million in dairy suit
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Outgoing partners win the right to vote on new management
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Justice probes Norvergence leasing deals, AG plans lawsuit
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Interstate Bakeries to close facility
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Unions tremble as China's textile tidal-wave approaches
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Tower's skipped dividend may foretell bankruptcy, report says
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Americans tapping home equity
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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NextWave files bankruptcy reorganization plan
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Colgate to Cut 12% Of Work Force
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Gadzooks Not Complying With DIP Loan Covenant
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Enron:

Enron Unit A No-Show In LJM2 Creditor Suit Trial
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Oregon-held IRAs are shielded from bankruptcy
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Ex-bloomie's Tycoon Is Not A Happy Campeau
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UK:

Jarvis warns of collapse if it fails to sell Tube Lines stake
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Three Rivers intervention for a snip
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The FSA has widened its scope to include the regulation of insurance brokers
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Courts Setback For F1 Tycoon
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Agency creditors 'to lose money'
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Japan:

Interest mounts in Daiei's assets
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Indonesia:

The fruit of Nicky Tan's labor on APP will be very sweet
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APP gets nod for US$8b debt restructuring deal
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India:

Debt collection outsourced to India
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Singapore:

Bank defends role in firm's collapse
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CAO Singapore Fallout May Widen
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Singapore High Court gives China Aviation 14 days to file restructuring plan
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China Aviation Seeks 6-Week Extension for Debt Payment Plan
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China Aviation Execs Surrender Passports
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Canada:

Supreme Court of B.C. Approves Extension of Napier Period
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Australia:

Autoparts maker ION faces bankruptcy
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Italy:

Finmatica liquidator tries to buy time to save jobs
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