February 18, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
AstroTurf Maker Files for Bankruptcy
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AstroTurf maker takes strike 3
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Steel:

Weirton Steel Accepts Buyout From ISG
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Weirton Steel Announces Sale of Assets to International Steel Group Inc.
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Stelco union refuses to sign confidentiality agreement
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Bayou Steel set to exit
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Corporate Reform:

Lifestyles Provide Riches for the Prosecution
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Judge curbs Stewart prosecution again
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NYSE specialists reach agreement with SEC
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Whistle-blower wanted his own lawyer at internal hearing
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Enron:

Charges against former Enron exec could come this week
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Harrods loses 'Enron' libel case
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Telecoms:

Cingular acquisition could spawn huge debt sale
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Life sentence for running a Ponzi scam
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Emerging Market Creditors, Debtors Need Rules
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Corrpro Announces Special Shareholders Meeting -- Refinancing and Recapitalization Plan
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EPIQ Systems, Inc. to Announce Results for Fourth Quarter and Year Ended December 31, 2003
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AstroPower:

Evergreen Solar Files Objections With AstroPower Bankruptcy Court
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Evergreen reacts to rival's bankruptcy plan: Marlborough solar panel maker may make bid for assets
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Evergreen/AstroPower: Evergreen Hasn't Decided To Bid
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Steelworkers approve pension-cutting deal to keep Kaiser alive
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Broadband Wireless Announces Definitive Settlement Agreement Reached on Last Pending Bankruptcy Claim
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As prison looms, Andujar tries to live normally
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Court OKs Aurora reorganization plan
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SunCruz bidder raises offer
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Mediation pact for Chi-Chi's delayed
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Horsehead retirees fill hall
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Erpenbeck items up for bid
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One Price:

Bankrupt One Price Clothing Stores Is Slashing Operations
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One Price Clothing Stores Announces Layoffs and Plans Designed to Maximize Estate Following Bankruptcy Filing
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  Airlines:

Unions furious over cuts pushed by ailing US airlines
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SEC asks pilots: Who got AMR financial data?
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NWA renews attack on costs
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Hawaiian Air to file reorganization plan soon
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Creditor will get airline's planes
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Taxes anger customers of bankrupt Carolina Investors
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Ownership group finalizes purchase of CART series
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Asbestos:

ABB's Dormann Sells Businesses, Cuts Jobs to Reduce Loss, Debt
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Navigant Consulting Introduces Benchmarking Tool to Assist Companies in Evaluating the Success of Asbestos Litigation Strategy
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California flower growers lament a withering industry
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Attorneys object to bankrupt company's executive pay
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NBA:

National Benevolent Association files for bankruptcy
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St. Louis Housing agency files bankruptcy
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National Benevolent Association to Complete Restructuring Through Chapter 11 Filing; Seeks to Protect Residents and Integrity of Endowment from 'Unsympathetic' Banks
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RCN

RCN Corp. to file for bankruptcy
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RCN To File For Bankruptcy To Stay In Cable Business
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RCN Bankruptcy Protection - Cable 'revolution' ends in Chapter 11
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Ground Round:

Ground Round Closes 60 Branches Abruptly
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Ground Round restaurants close abruptly; thousands could be jobless
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Energy:

El Paso Trims Proven Reserves 41 Pct
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Accounting:

EU lawmakers reject quarterly financial reporting
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IRS Says It Won't Enforce Debit Card Rule
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Consultant fees top 10bn
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Treasury, IRS Shutter Abusive Retirement Plans
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IRS Issues Guidance on Abusive Foreign Tax Credit Transactions

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S&P issues report on U.S. financial companies
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NTEU Opposes Administration Proposal To Use Private Companies
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Seniors See Credit-Card Debt Grow
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Factory 2-U Stores Fincl Chief Swygert To Resign Friday
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Law:

Lawyers See Red Over Lobster Case
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Townsend and Townsend and Crew reveal San Francisco merger
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Firm Dangles Partnerships to Launch Satellite
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Brobeck Staffers' Suit Clears Hurdle
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Charlotte group tries to buy Deaconess
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Bankruptcy trustee challenges auction
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Global Methodology for CDOs of Equity and Credit Default Swaps
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UK:

Was liquidation of BCCI really needed?
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Bank of England's George Misled About BCCI Theft
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Why ring-fencing student loans won't guarantee repayment
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Second group in the fray to save Leeds
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Junk-Bond Values Climb
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Italy:

Parmalat head 'taken to hospital'
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Additional Parmalat Stories

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Japan:

Japan's economy grows 7 percent in last quarter
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Kanebo's double-edged sword
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Australia:

Creditors vote to wind up Kaye flagship company
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Angry creditors to vote on Kaye company
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Korea:

KDB in plea to creditors of LG Card
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Canada:

Household bankruptcies in Ottawa finish 2003 at new high
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More families on the edge
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Personal, business bankruptcies down in December from November
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Argentina:

U.S. Judge Seeks Proof Justifying Freeze of Argentine Accounts
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Argentina Multicanal's Debt Woes To Test Bankruptcy Law
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Argentina challenges bondholder asset freeze
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Argentine Govt Argues It Doesn't Own Correo Argentino
(WSJ: separate paid subscription required)

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