February 16, 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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Tower Records:

Bankruptcy Marks New Beginning for Tower Records
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Tower Records in the Maelstrom of Consumer Desire
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Tower paying small vendors: Ruling eases restructuring
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Tower remixed
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Tyson:

How Tyson Spent Cool $470m On His Way To Fiscal Ruin
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Waiting for Iron Mike
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Boxed in by bad choices
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Life aboard the Tyson gravy train: you have to strike while iron is hot
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Enron:

Indictment of former Enron CEO Skilling likely soon
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Law:

Moving In on New York Lawyers
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Proskauer Launches Boston Branch With Raid
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Rule is readied on duties of lawyer -- Bar groups oppose requirement for `noisy withdrawal'
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LA Firms Enjoying Boom Times
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Debevoise to get $2,275 an hour
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Practice Team Defects To Baker Botts
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Two to run operations at Ropes & Gray
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Tactics to Help Partners Confront & Cut Escalating Staff Compensation Costs
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Malpractice rates will be 30% higher than last year
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Taking a job in-house doesn't mean more money in the bank
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Owners of large law firms raised their rates last year, even while the economy was faltering
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Law firms see bigger future for their real estate practices
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Corporate Reform:

Could Investors Have Detected Parmalat, Enron Woes?
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Corporations take the oath
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Martha Stewart scores victory on testimony matter
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Suit Against Ex-Kmart Officers Is Dismissed
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HealthSouth's hired gun: His job nearly done, Bryan Marsal is heading home
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Asbestos:

Scandal of silent epidemic set to kill 160,000 Britons
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Baltimore's LCM to close doors, sell assets
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Elite New York files for bankruptcy
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A-Plus Galvanizing says it will stay open during bankruptcy
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Bye-Bye to a City's Bonbons
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The Yucaipa Companies Purchase Piccadilly Cafeterias
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Exide Technologies Receives Court Approval for Financing Package
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Sudden Departure of Conseco Executive Raises Questions about Firm's Future
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  Airlines:

Hawaiian Airlines Parent To File Chapter 11 Plan For Units
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Creditors' rights cited in ruling
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Several expected to weigh in on Hawaiian reorganization
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US lawmakers object to United plan for health cuts
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Air Canada in key talks on C$1.4 bln pension issue
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Telecoms:

Ichan wins control of Allegiance
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FCC clears Cingular bid to buy Nextwave licenses
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Supra seeks takeover by HIG Capital
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Steel:

Stelco likely bankrupt without court shelter, restructuring chief says
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Union disputes Stelco's insolvency
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Valbruna Slater Stainless Inc. Is Successful Bidder For The Assets Of Slater Steels Corporation
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Energy:

Extra PG&E cost may hit bills
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Accounting:

Outsourcing Abroad Applies to Tax Returns, Too
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Top 11 Financial Reporting Issues For 2004

Global Accounting Standards Mired in Dispute

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Sales Free And Clear -- Will The Expansion Continue?
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RCN Holding Company Continues Financial Restructuring Negotiations
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RCN reaches forbearance agreement with lenders
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Gosman: Fallen magnate's images clash: Freewheeler vs. desperate dealer
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MSO's Kmart Problem
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Kmart sues Stewart’s company
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Kmart Accuses Martha Of Ripping Off Royalties
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Kmart sues Stewart over royalties
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Stores make a business of 'going out of business'
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Historic Black-Owned Firm Under Review, In Bankruptcy
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Calling time on the power of rating agencies
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Proposed Plan Violated §1123(a)(7) "Public Policy"

Consultant fees push National Benevolent into fourth year of losses
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Don't get too excited, the boom isn't back yet
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Pa. Leaders Say Law Helps Ailing Cities
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Swindler Giacomaro gets 14-year term in multimillion fraud
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Edaville Railroad files for bankruptcy
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Palmer Johnson to emerge from bankruptcy
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Palmer Johnson bankruptcy ends
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Flooring firm failure leaves firms exposed
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Court Confirms DIRECTV Latin America, LLC Plan Of Reorganization
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Executory Contracts -- How Prompt Is "Prompt"?
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Lancer Investors Target Bank of America
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Donald Trump's casinos could get a cash infusion -- if only bondholders would agree
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Chevy's gets new $20M DIP
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Banking Law Specialist Warren L. Dennis Dies
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UK:

Insolvency - down but not out
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Bechtel in Eurotunnel rescue bid
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St David's D-day for garden?
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UK receives proposals from troubled Eurotunnel
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Richmond's Leeds boost
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Morgan: Canary auction not over
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Get help with your debts: jumping off the edge into bankruptcy is not an easy option
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Bankruptcy will be too easy, credit chief warns
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Bankruptcy Warning As Debts Continue To Rise
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Germany:

German Prosecutor Ends Part of Investigation Against Leo Kirch
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Italy:

Bank of Italy urges lending in spite of Parmalat
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Additional Parmalat Stories

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Indonesia:

New York Court rules in favor of Asia Pulp and Paper
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Russia:

Yukos charged with $3.3bn tax evasion
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Turkey:

Turkey Seizes Controversial Family Firms To Repay Billions Owed
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EU:

Attitudes to bankruptcy changing
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Argentina:

Economy minister plays down fears over isolation
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Bankruptcy filings in Argentina fall 43 pct in 2003
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Argentina to unveil debt deal details in 50-60 days
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Korea:

Top chicken processing company files for bankruptcy protection
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Japan:

Japan corp bankruptcies down 16.1 pct y//y in Jan
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China:

400 State Cos In NE Face Mergers, Bankruptcy
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