February 2, 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

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Airlines:

Plan to Save US Airways Falls Apart
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US Air CEO Says Next Few Months Are Critical For Co
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Selling assets not inevitable at US Airways
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Specter of bankruptcy looms over Delta
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Delta Shares Fall After CSFB Downgrade
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Delta pilots union braces for worst
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Delta talks to resume with sense of urgency
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Airport seizes Swiss jet after bankruptcy
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Atlas Air/Bankruptcy: Seeking To Cut Cargo Fleet
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Economy, debt land another victim in Atlas Air
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Can Northwest make this message fly?
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Paul Casey, former chief of bankrupt Hawaiian Airlines, is seeking nearly $1 million
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ATA gets federal approval for crucial debt swap
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US Airways mulls jet order, debt options
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Asbestos:

Bill would save firms billions
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Halliburton hopes settlement will spur others
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'I didn't know it was dangerous'
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Hartford full-year figures hit by $1.7bn asbestos reserve action
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Enron:

Swarming Enron - By what measure was Alston & Bird's $88 million examiner's fee a wise investment?
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Feds probe Lay, could see Skilling charges soon
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Enron Probe Shifts Its Focus to Lay
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Enron-Linked Bush Official Out As Africa Fund Manager
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Ill. regulators: Firm profited from Enron deal
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Citgo's short list for new digs includes Enron south tower
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Judge approves latest Enron bonuses
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Accounting:

A convenient fudge to keep the dividends up Nice people, those folk at the IASB
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A Spotlight on Deutsche Bankís Tax Shelter Role
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KPMG Selects New Tax Leaders
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Bankruptcy And Commercial Society In Antebellum America/Republic Of Debtors: Bankruptcy In The Age Of American Independence/Debt's Dominion: A History Of Bankruptcy Law In America
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Bankruptcies up in '03; biz filings peak
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Casino closings a wake-up call for LV
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Creditors Shut Down Downtown Las Vegas Casino
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Despite $3.8 Million Award, Tucson, Ariz., Aviation Company Remains Bankrupt
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The Company They Kept
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Health & Harvest files Chapter 11
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Phoenix: Best of the Bar in Bankruptcy
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Executory Contracts and Leases Under U.S. Bankruptcy Law
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FAO faces challenge over bonuses for execs
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Ormet Files for Bankruptcy
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Ormet files for Chapter 11 protection
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Last Men Standing
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Key to jobless recovery may be lost in figures
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Chino hospital files for bankruptcy
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Conseco says Hilbert suit is frivolous
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Eagle Building Technologies Files Petition for Chapter 11 Bankruptcy Protection
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Defunct recycler spreads problems
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  Steel:

Severstal to Up Output At Rouge
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Severstal North America, Inc. Completes Asset Purchase Of Rouge Industries, Inc.
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The future isn't so ironclad for this veteran Stelco man
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Rusting pension plans
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Vulture fund buys 20% stake in Stelco
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Seniority unlikely to protect Stelco jobs
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If Stelco calls, does McGuinty have to listen?
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Pension giant unloads entire Stelco stake
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Cleveland-Cliffs Inc Comments on Restructuring of Stelco Inc.
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Slater says to sell Sorel Forge mill
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U.S. Steel posts loss, sees stronger demand ahead
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Energy:

Utility's Montana Electricity Supply Plan Under Fire
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Corporate Reform:

Funds' Plan May Kill Independent Research
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Regulators Prepare Complaint Against Insurer
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HealthSouth Probe Now Includes Possible Kickbacks

Cheese It, the States!
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Law:

A Pennie, and Change - Why didn't Pennie & Edmonds merge with Jones Day?
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Firm's Staffers Fear They Are in a Cancer Hot Spot
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NY Firm Adds More Heavy Hitters in DC Office
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NY Associate Tries for Second "Jeopardy" Win
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Stroock Announces Partner Class
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Softening the Blow
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Newer versions of firm web sites boldly go where few lawyers have gone before
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Merger Nets Firm Invite to Elite Schmooze Fest
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Celebrity Lawyer's Annual Fete Draws a Bizarre Crowd
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EPIQ Systems Makes $115 Million Acquisition
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Goldman Topples Citigroup as No. 1 Investment Bank Fee Earner
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Dying town's residents seek right candidate
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LBO Firms in Dividend Rush
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Penn Natl bids $506 mln for Chicago casino license
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Casino rivals question pricey bid
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Metropolitan Mortgage faces bankruptcy; expects to file this week
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Georgia: New judge in charge at bankruptcy court
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Boom and bust (Part 1)
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Boom and bust (part 2)
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Quest Urgent Care may make bankruptcy filing
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A helpful tool to repair your credit after filing for bankruptcy
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Bank feud in court / Social Security benefits use is challenged
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Failing in Your Middle Class
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Shifting Assets to Fight Health Costs
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Preferences Under U.S. Bankruptcy Law
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Dollmaker bankruptcy ruling sought
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Eastern Pulp talks slated to continue; workers offered aid
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Debt consolidation specialistís trial pushed back until fall
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Mississippi Chemical Reports Resignation of Chief Executive Officer and Names New CEO
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy Reform:

Bankruptcy reform bill is simplistic and one-sided
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Over to you, Tom
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Leaders in House revive controversial bill on bankruptcy -- Future of legislation unclear as Senate Democrats say they have votes to block it
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House fails to protect active military from means testing
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AstroPower Files For Reorg Under Ch. 11 Bankruptcy
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Asset Protection: There is No Place Like Home, Especially if Home is a Florida Homestead
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Oglebay Norton skips payment, bankruptcy an option
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Oglebay Norton/Interest: Can Pay Employees
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Kaiser seeks to nullify 4 alumina supply deals
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Kaiser Aluminum, union modify agreement
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Kaiser/Pension Issues: Benefits Based On Length Of Svc
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Cases Ancillary to Foreign Proceedings -- How the U.S. Bankruptcy Courts Can be Harnessed to Assist Proceedings Pending in Other Countries
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Messy End of an Institution
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Law firms recruiting hepatitis clients
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Convenience store chain files Chapter 11
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Git-n-Go Isn't Gone, Just Bankrupt; Some Stores Stay Open
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Mattress Warehouse stores sold
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Megabanks, mega concerns
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Rules Governing the Employment of Counsel in U.S. Bankruptcy Cases
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Minnesotans May Look Back at 2003 as Year Filled with Financial Misery
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Credit Counseling Confusion
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Filing a Proof of Claim in a U.S. Bankruptcy
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Md.'s Auto Loan Delinquencies Are Twice National Rate
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U-Haul parent Amerco: creditors OK bankruptcy plan
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UK:

Being a bankrupt still carries a stigma
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Banks fear point deductions for insolvency
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Leeds gets financial breathing space but falling headlong
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Leeds put off administration, just
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Late Payment of Commercial Debts Act Failing SMEs
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Italy:

Parmalat Got EU4 Billion of Loans by Double Billing
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Additional Parmalat Stories

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Japan:

Japanese banks to hit loan reduction deadline
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Bad loans at Japan's banks shrink by 10.5 percent
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Osaka to aid three failed companies' recovery bids
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Canada:

Canadian cattle industry in 'state of collapse'
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Switzerland:

Swiss debtors replace model bill payers
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Has Swiss economy stopped ticking?
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Australia:

Elliott's pay delay rejected
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Insiders come clean on dirty card tricks
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