February 12, 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)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Enron:

Judge: Get your own documents
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E-mail shows Enron exploited contracts
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Footstar says may have to file for bankruptcy
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Airlines:

Boeing Capital and Corporate Recovery Group File Plan for 'New Hawaiian Airlines'
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Boeing Capital seeks own Hawaiian Air plan
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Boeing joins plan to reorganize Hawaiian
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Boeing Files Reorganization Plan For Hawaiian Air Parent
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UAL's Ted Unit Could Be Profitable As Early As 2005
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Turnaround time for planes key in Ted's plan for profits
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Li asks unions to pay portion of benefits
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IATA Suspends Air Zimbabwe
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Asbestos:

Halliburton: Insurers Trying To Block Settlement
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Judge denies insurers' bid to derail Halliburton case
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Insurers Denied Standing
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Zurich Fin shakes off U.S. asbestos concerns
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Hercules reports lower results on asbestos charge
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Corporate Reform:

Stewart jurors hear tape of interview
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Martha's Trial: Slow Going at Full Bore
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The Pleasure of Doing Business at Tyco
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Post-Enron reforms have made dramatic alterations to the landscape of corporate governance
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Tough Senate Bill Would End Three Mutual Fund Practices

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Energy:

Bankrupt Mirant Nears Completion of Plan
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Telecoms:

Icahn Makes New Pledge: Allegiance
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Judge rejects Supra sale
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MCI Asks for Time to Emerge From Ch. 11
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Ormet seeks bonuses for managers in Chapter 11 filing
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Miami: Roney partners file for Ch. 11
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AG sues to stop company promising cheap bankruptcy assistance
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Intellectual Property As Collateral: Special Concerns
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Address heavy credit card debt first
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First-time homebuyers' dreams can be nightmares
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  Michael Jackson Faces Cash Crisis
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Student loan case will determine whether debtors may discharge state obligations
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Law:

Fur Flies Over Empty Podium
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Congress attacks SEC’s whistleblowing reforms - Noisy withdrawal’ proposals look dead in the water
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Majority of firms cap liability on deals to safeguard future
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Sidley sets its sights on $1bn barrier after record results
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Billing rates continue to rise at top UK firms
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Call for EU end to bans on adverts and fixed fees
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Pillsbury records small profit rise
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Piper Rudnick unveils profits hike
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Piper beckons for impatient DLA
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Clifford Chance loses DC veteran Turza to Cadwalader
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Partners lose out over fee collection
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Gibson Dunn boasts 14% profits increase
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The winners in the long term are those who can use technology to drive the cost base down
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Allen & Overy agrees on claim settlement
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Founding Paul Hastings City partner quits to join client
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The antithesis of genius
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Anything for the weekend?
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Brothers say law firm's advice landed them in court - Sue Morgan Lewis for malpractice
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Purolite Files $40 Million Professional Malpractice and Gross Misconduct Lawsuit against Former Law Firm Morgan
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Law firms have long been happy to invest money in recruiting the right people, but are they doing enough to make sure they keep them once they are hired?
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Lawyers' Use of International Legal, Legislative Information Rises Sharply
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Accounting:

European companies push for relief from U.S. security laws
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IRS Launches New Website Resource on Abusive Tax Transactions
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U.S. judge clears Adelphia to go for $8bln loan
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Norwegian optimistic despite shipyard bankruptcy woes
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North Beach Leather distressed - Four stores close; only Grant Avenue site remains open
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Greenspan: Prospects Good for Expansion
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S&P cuts Goodyear ratings, may cut again
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Personal filings rising in New Jersey
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Troy, Mich., Lawn, Garden Center Retailer to Pay $3 Million to Liquidator
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Elite Model Agency Files For Chapter 11 Bankruptcy
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Farmland refinery sale nears close
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UK:

New powers to protect pensions
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Pensions insurance attacked
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Barclays says not worried about UK bankruptcy law
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£20m spent on De Lorean lawyers
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A generation in too deep as debts get out of hand
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Football's financial meltdown
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UK inquiry calls for redistribution of finances
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Interest rate rise will fuel the fire of personal bankruptcies warns PKF
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Insolvent Channel Tunnel operator
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Debt relief for poor countries held up by discord
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Dominican Republic might default
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Italy:

Cirio chiefs join Italy's arrest list
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Brazil Says Parmalat Unit May Have Laundered Money
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Brazil Rules Out Action on Parmalat
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Deutsche Bank Under Investigation in Parmalat Case
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Court rejects Parmalat bankruptcy application
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EU to target offshore centres after Parmalat
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Italy bank Pop Lodi says victim in Parmalat crisis
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Brazil CenBank tracks Parmalat illegal transfers
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Parmalat Brasil chief to resign
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Argentina:

Skepticism over Argentine bond move
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Argentina signs up banks to restructure debt
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Canada:

Les Boutiques San Francisco selling lingerie shops
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Russia:

Federal Centre For Combating Intentional Bankruptcies May Be Established In Russia
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Kazakhstan:

Premier calls for effective bankruptcy of insolvent businesses
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