December 8, 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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Airlines:

AirTran confident of ATA bid
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Airline's bosses get big bonuses
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Awards for top Delta executives 'unacceptable,' pilots union says
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Fiscal Turbulence Jolts Airport
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United moves slowly, painfully
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Blood running in the skies?
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Short haul -- Interest in airline stocks has snowballed as investors bet that carriers' stocks will fall
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US Airways says facility will close
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New member at ATSB
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Southeast has $1 million LVIA debt
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ATA Airlines Gives Rivals a Shot at Chicago Market
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Lehman downgrades several U.S. airlines
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Airlines Fall on Broker Move
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Annapolis, Md., freight logistics firm Air Cargo Inc. files for bankruptcy reorganization
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No One Wants Air Polonia
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Accounting:

SEC calls for details on deals
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Bindview flags transactions - Questionable contracts spark alert at Nasdaq
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Recent Going-Concern Statements
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Excelsior Funds: Ernst Firing Due To Independence Issue
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House Approves FY 2005 Budget for IRS
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How SEC's Market Reform Affects CFOs
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Deloitte outlines global expansion plans
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Accounting Firm Trades In SEC Practice for Governance Practice

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Corporate Reform:

Officers' perks 'Above and Beyond'
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Spitzer's New Goal: The Governor's Mansion
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Spitzer's too important to be merely a governor
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Axis Capital Subpoenaed In Industry Probe
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Wall St. Turns to the Time Out as Punishment
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Marsh seeking premiums cut in wake of US scandal
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Judge Questions Scrushy Over Gag Order
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Ex-HealthSouth CFO Singles Out Scrushy
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Steel:

ISG's funds provide prescription coverage
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Houston: Developer defaults on loans from city
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Baseball deal hinges on contractors, bankruptcy judge
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Consumer credit rose $7.7 billion in Oct.
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RCN Corporation Sets Record Date For Ownership of Allowed Class 5 General Unsecured Claims Entitled to Subscribe to Convertible Second Lien Notes
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$15.5M Bankruptcy Auction of IP Assets Highlights Patent Controversy
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Link between 'pills,' credit?
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Asbestos:

Asbestos-related firms catch fire, but some are wary
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Owens Corning Fans Bank on New Law
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Specter Convenes Meetings on Asbestos Bill
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Turner & Newall pensions crisis leaves questions over 400m bill
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T&N pension talks continuing-administrator
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Union fury at T&N pension setback
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Turner & Newall pensions crisis leaves questions over pounds 400m bill
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Federal-Mogul Withdraws UK Pension Offer
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Hardie wants annual cap on compensation
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Tuckey 'off with the pixies' on Hardie
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Analysts warn on bank loan defaults
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Law:

Cravath in 70% bonus hike; $30k starting rate
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Justices question secrecy in U.S. Tax Court reports
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Supreme Court Considers Secrecy in Tax Disputes
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Ten more partners join exodus at Boston law firm
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Silverstein, Wachtell Lipton Win $2.2 Billion in Second WTC Trial
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Besieged by Vioxx Suits, Merck Lawyers Up
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Celebrities' Lawyer Denies Fraud, Grand Theft Charges
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Lawyer Prestige Hits New Low With Fall TV Season
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San Diego law firm set to become world player
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Top NY Firm Adds Six Floors of Offices to HQ
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Ex-Pro Footballer Signs On as Summer Associate
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Ten Years Later, Convicted NY Lawyers Win Another Delay on Jailtime
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A tough chapter in Kerik's life
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Surprise! Your credit-card rate is 29%
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KBR Chairman Retires in Restructuring
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NextWave comes out shooting
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NextWave Files Reorganization Plan
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NextWave to Pay Investors $2.62 Billion
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Malden Mills Workers to Vote on Contract
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Las Vegas: Workers say defunct firm reneged on wage promise
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Pittsburgh: City's bond rating no longer in the junk heap
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Hospital creditor holds off on foreclosure
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Pillowtex Plant 1 bidders line up
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Michigan plants for sale in Oxford bankruptcy
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Kansas lags in bankruptcy recovery
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Why young Americans are drowning in debt
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Time running out for struggling New Jersey-Manhattan ferry service
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Oxford Automotive unveils restructuring plan
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Mirant seeks more time to reorganize
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Retailer Names Liquidator for 24 Rhodes Furniture Properties
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Layoffs Surge for Past Three Months
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SEC seen near deal with ex-Global Crossing execs
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U.S. job-cut plans rose further in November -- Employer survey points to a still-sluggish labor market
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UK:

Cheater Ingram: I'm bust
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Warranty War D-Day
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Courts stores stay shut, bids in by Tuesday
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Canada:

$800,000 in unpaid debts put Lacombe's hockey film on ice
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Laid-off workers at N.B. pulp mill get word their pensions are worthless
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Singapore:

Four CAO execs surrender passports to CAD
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S'pore market cracking under mounting negative news
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China Aviation May Face Liquidation Suit in Singapore Court
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China Aviation Oil chief arrested on return to Singapore
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Russia:

Gazprom To Get $10bln Loan To Purchase Yuganskneftegaz
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Yukos' Yuganskneftegaz Unit Gets New $1.2B 2003 Tax Bill
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Yukos to make decision on bankruptcy at general assembly on 20
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Law Leaves Private Debtors Naked
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Korea:

LG Card Creditors Agree on Fresh Capital Injection
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Korean Banks Face W27 Bil. in Back Taxes
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Australia:

Ion's Administrators Expect to Sell Company By Mid Next-Year
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ION workers seek assurances on Christmas pay
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Ion Opts to Enter Administration As Funding Dies
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France:

Messier fined 1m for hiding debts
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Winegrowers in France set protests over 'major crisis'
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Argentina:

Argentina to tackle tax 'evaders'
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