February 20, 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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Enron:

Skilling's fall from grace comes to this
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Former Enron CEO is indicted
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Jeff Skilling's Morning in Court
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The Indictment
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Skilling indicted in Enron case
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The hubris of 'smart people' who fleece us
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Enron's Skilling charged with insider trading
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The Books Being Thrown at Skilling
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Plan Would Break Up Enron, Lose Name
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For Skilling, failure never an option
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Enron Investigation Continues
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Survivor Atop a Teetering Tower
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The Case Against Jeff Skilling
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Though Expected, Action Involving 42 Counts Marks Key Moment in Enron Saga
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Skilling's indictment turns focus to Ken Lay
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Skilling prosecutors let Washington talk
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Prosecutors say polygraphs are unreliable
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Skilling won't roll on Lay
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Enron's Skilling indicted for fraud
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Ex-Enron Chief Skilling Indicted on Fraud Charges
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Skilling facing 325 years behind bars
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Enron inquiry nears heart of executive web
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U.S.'s Comey News Conf.: Ex-Enron CEO Skilling's Indictment
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Jeffrey K. Skilling timeline
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Timeline: The Enron affair
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LBO of Enron's Mariner approved
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One Price stores going out of business
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Aquarium firm defaults on loan
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Telecoms:

Telecom Equipment Maker General Datacomm Reports Loss for Quarter
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General DataComm plots post-bankruptcy survival strategy
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Retiring in the Red: A New Reality for Older Americans
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Bank Purchases String of Bankrupt Funeral Homes
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Asbestos:

Hartford appeals Halliburton ruling
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Corporate Reform:

Stewart said she was tipped, friend testifies
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Half-Time in the Martha Case
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The Martha Trial: With Pals Like This...
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Jury seated in Qwest fraud case
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Black Threatened Hollinger Board
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Hollinger Directors Dispute Black's Insolvency Defense in Trial
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Hollinger Sale Could Prevent Repayments
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Adelphia Trial Is Scheduled to Start Monday
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French former bank chief appeals Executive Life sanctions
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U.S. Furniture Makers Struggle
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Millbrook Press Files Chapter 11
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Going broke on $48,000 a year Two incomes don't buy frills
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Private Denver Club Pegs Emergence from Bankruptcy to Financial Deals
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Bank of America's Bill Climbs to $111.5M
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Marshals won't release items -- Judge must decide who will get Erpenbeck money
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Judge slashes AstroPower fee
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  Bankruptcy Reform On Retailers' 2004 Legislative Agenda
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Airlines:

Tentative deal reached to pay Air Canada pension shortfall
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Air Canada, Unions Reach Accord to Fill Pension Gap
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Topping fee sought in bid for airline blasted
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United unions to picket bankruptcy hearing Friday
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NBA:

Operators of Robin Run try to reassure residents
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Parent Company of Retirement Centers Files Bankruptcy
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Law:

Firm Acquires 78-Lawyer Chicago Rival
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LA prosecutors unveil plans to help catch bogus attorneys
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Courts differ on when a lawyer must turn over materials to successor counsel
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Accounting:

KPMG Says Tax Work Probed by U.S. Justice Department
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KPMG Discloses Tax-Shelter Probe
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Formal SEC Probe Of Shell's Move On Reserves Starts
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Japan high court says stock options are taxed as salary
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Group of FDs backs liability cap
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PBS to Air Report on Tax Shelters
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IASB Faces Derivatives Dilemma
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Steel:

Community wrestles with economics of Weirton sale
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Bayou Steel Corporation Announces Reorganization Completed Company Emerges from Chapter 11
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West Virginia May Be Stuck with Workers' Compensation Tab for Weirton Steel
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US Court Rejects Forced Chapter 11 For Brazil's Globopar
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Energy:

PG&E Corp. Posts $37 Million Profit
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Pacific Gas Util On Track To Exit Chap 11 In April -Chair
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PG&E CEO Glynn Received $16.92M Total '03 Compensation
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NorthWestern Corp.'s High Legal Fees Prompt Questions by Bankruptcy Judge
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Shoppers give Kmart low marks
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Denny's Mulls Reorganization
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Colleges faulted for student credit card woes
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Bankruptcy deal calls for closed Deaconess hospital to reopen
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IBM may owe billions over 'cash balance' pension plan, judge rules
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Kiss That Debt Goodbye
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Tropical Sportswear Cuts to Mend Its Ways
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Operator of Rhode Island Spanish-Language Radio Station Files for Bankruptcy
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American Plumbing and Mechanical, Inc. Has Agreed With Lenders to Terms of Proposed Plan of Reorganization
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HHS Secretary Says Hospitals Are Not Required To Charge Top Rates To Uninsured
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GEICO still feels bankruptcy 40 years later
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Judge OKs Mediation In Chi-Chi's Hepatitis Outbreak Case
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A rising tide of Americans are turning to bankruptcy to rescue their lives
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Golfing empire ends in bankruptcy
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Rigases push to file own reorg
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Bad Debts Arenít Automatic Tax Deduction
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy judge delays Cone Mills sale
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Former MCA Financial exec pleads guilty
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How Baltimore schools spiraled into debt almost unchecked
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Judge Approves Archibald Candy Corporation Bid Procedures for Sale of Selected Assets and Approves Settlements With Two Unions
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AstroTurf bankruptcy won't slow installation of new turf
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DRPA Tries to Help Minor League Team Camden Riversharks Avoid Bankruptcy
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Moody's cuts certain Goodyear ratings
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Potential sale looms for bankrupt mills
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Adelphia Ordered to Pay Rigas Legal Fees
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Lifting the Lid: Icahn trashes corporate management
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CoreCare Systems, Inc. Major Subsidiaries Emerge From Bankruptcy
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Judge Cuts Internet Ad Firm's Award Against Bankrupt X-10
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Alcaro Motors files Chapter 11
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Fleming Cos terminates pension plan
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California Commercial Loan Delinquency Ratio Remains at Low Level
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UK:

Second warning drives down Mayflower shares
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Mayflower in emergency talks with banks
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Landwell faces SEC deadline on audit clients
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Eurotunnel never safe for small shareholders
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Reforms to Tackle Insolvency Issues
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UK pension guarantee fund must set tough rules
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Australia:

Elliott bankruptcy in motion
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'Reckless' director must pay $7m
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Bankrupt bus tycoon siphoned millions
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Argentina:

Argentina to Pay Banks About $178 Million in Advisory Fees
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Jobless Argentines Block Roads in Protest
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Canada:

Supreme Court Refuses the Application of a Group of US Noteholders Seeking Leave to Appeal the Court of Appeal Judgment Relating to UniforÍt's Plan
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Turkey:

Uzan Family Bilked Billions Out of Motorola and Nokia
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Italy:

Parmalat misled markets for years: Italian prosecutors
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Additional Parmalat Stories

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Hong Kong:

Harassed debtors in overseas escapes
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Hong Kong Bankruptcy Petitions Decline To 1,046 In Jan
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India:

Citibank, HSBC Fuel India's Lending Boom Amid Bad-Debt Concerns
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Netherlands:

Shaken Trust: The Netherlands Rethinks an Offshore Industry
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Germany:

Maatwerk files for bankruptcy protection
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