January 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Airlines:

US Airways chairman says lower costs would protect assets
(DBN Subscription Required)

US Airways' Labor Woes Mount
(DBN Subscription Required)

Debt Rating of US Airways Cut Another Notch by S. & P.
(NYT: separate free registration required)

US Airways Says Can't 'Fritter Away' Cash
(DBN Subscription Required)

US Airways, Union Agree to Arbitration
(DBN Subscription Required)

Downgrade hits US Airways
(DBN Subscription Required)

US Airways Board Chairman Says Offers for Any Assets Would Be Welcomed
(DBN Subscription Required)

Hawaiian Airlines’ trustee has moved to cut his compensation
(DBN Subscription Required)

Head of Pilots Union Plans to Hold United to Terms of Contract
(DBN Subscription Required)

Air Canada criticizes lawyers tactics
(DBN Subscription Required)

Air Canada, Jazz pilots to set rules to settle turf war over planes
(DBN Subscription Required)

Atlas Air pushes forward bankruptcy filing date
(DBN Subscription Required)

_______________

Accounting:

Adecco Discovers `Accounting Issues;' Shares Plunge
(DBN Subscription Required)

Unknown Liabilities Make Dealmakers Nervous
(DBN Subscription Required)

Creative, elite cheaters costs taxpayers billions
(DBN Subscription Required)

IRS To Track E-Filers
(DBN Subscription Required)

__________________

Telecoms:

WorldCom Wraps Up Restatements
(DBN Subscription Required)

Telecoms recovery appears finally to have arrived
(DBN Subscription Required)

Many MCI WorldCom Shareholders Not Aware that Shares are Likely to Be Cancelled
(DBN Subscription Required)

Level 3's objections to Qwest bid for Allegiance dismissed
(DBN Subscription Required)

Judge OKs Bidding Rules For Allegiance Telecom Auction
(DBN Subscription Required)

Quest moves closer in its efforts to purchase Allegiance Telecom
(DBN Subscription Required)

Swenson resigns from Leap
(DBN Subscription Required)

Leap's president jumps ship
(The Deal: separate paid registration required)

_________________

Steel:

Slater Steel reaches deal to sell mill to Fort Wayne group
(DBN Subscription Required)

Judge urges quicker Slater compromise
(DBN Subscription Required)

Slater Steel bankruptcy protection extended to March 1
(DBN Subscription Required)

Slater cleared to wind down units, directors quit
(DBN Subscription Required)

Weirton Steel helped pave the way for employee ownership
(DBN Subscription Required)

Weirton To Curtail Ops, Lay Off More Workers
(DBN Subscription Required)

Democrats use S.C. mill to attack Bush
(DBN Subscription Required)

_________________

Americans labor under crushing load of debt
(DBN Subscription Required)

When plastic gets toxic
(DBN Subscription Required)

Giving credit where credit isn't truly due
(DBN Subscription Required)

Many in U.S. have reached depths of debt
(DBN Subscription Required)

Only You Can Fix Your Credit
(DBN Subscription Required)

Liquidators fare well in reviving economy
(DBN Subscription Required)

FAO Receives Approval to Auction Assets
(NYT: separate free registration required)

Bankruptcy reports give insight into Mike Tyson's woes, lifestyle
(DBN Subscription Required)

Bankruptcy takes fun out of Raleigh's FunWerks
(DBN Subscription Required)

Calif. 150 days from running out of money
(DBN Subscription Required)

Aurora wins approval for reorg plan
(The Deal: separate paid registration required)

San Diego faces bankruptcy from lavish city pensions
(DBN Subscription Required)

Country Home Bakers sells remaining assets
(The Deal: separate paid registration required)

 

  Enron:

Lea Fastow plea talks ongoing, lawyer says
(DBN Subscription Required)

Timing may be Fastow's enemy
(DBN Subscription Required)

4 new defendants drawn into Enron lawsuit
(DBN Subscription Required)

IRS breathing down necks of ex-Enron execs
(DBN Subscription Required)

Lea Fastow plea deal collapses; trial on Enron charges to go on
(DBN Subscription Required)

CIBC, RBC deeper in Enron mess
(DBN Subscription Required)

Hittner lauded for his honesty
(DBN Subscription Required)

Enron Hearing On Exiting Chapter 11 Set For April 20
(DBN Subscription Required)

Sale of India's Dabhol plant to start soon
(DBN Subscription Required)

Are Enron's Lay and Skilling next?
(DBN Subscription Required)

Houston-Based Firm among Defendants Added in Enron Shareholders Case
(DBN Subscription Required)

Alston & Bird wraps up work on Enron case
(DBN Subscription Required)

___________

Tobacco:

Punitive-award limits awaiting legal bellwether
(DBN Subscription Required)

___________________

Corporate Reform:

Martha Stewart uses Web to rally supporters
(DBN Subscription Required)

Tyco: An Open-and-Shut Case? Well, Not So Fast
(NYT: separate free registration required)

Grasso heads up 'animal kingdom'
(DBN Subscription Required)

_______________

Law:

The H.M.O. Approach to Choosing a Lawyer
(NYT: separate free registration required)

Clifford Chance New York reels after latest departure blow
(The Lawyer: separate free registration required)

Partner losses rise at Clifford Chance New York
(The Lawyer: separate free registration required)

Former US M&A head quits Clifford Chance
(DBN Subscription Required)

US litigation chief quits Clifford Chance
(DBN Subscription Required)

Ashurst names new managing partner
(DBN Subscription Required)

Women, minorities remain in the minority at law firms
(DBN Subscription Required)

Top Firms Could Face Malpractice Claims
(DBN Subscription Required)

Lawyers give '03 a split verdict
(DBN Subscription Required)

SEC filing gives insight into Alston & Bird fund
(DBN Subscription Required)

Ringing in the new year: Reed Smith celebrates January's arrival the way it has for years -- with an acquisition
(DBN Subscription Required)

Lawyers From Defunct Firm Say They Were Shorted on Pay
(DBN Subscription Required)

Lease derails Hendrix law firm merger
(DBN Subscription Required)

Another U.S. legal giant snares S.F. firm
(DBN Subscription Required)

Manatt practice groups celebrate new year elsewhere: Planned breakup spins out
(DBN Subscription Required)

_____________

Asbestos:

ABB investors shrug off latest asbestos deal delay
(DBN Subscription Required)

Shareholders Approve New Plan to Dissolve Lancaster, Pa.-Based Flooring Firm
(DBN Subscription Required)

Congoleum Corporation Obtains Approval of Interim Financing, Authorization to Pay Trade
(DBN Subscription Required)

Asbestos claims close in on $1bn
(DBN Subscription Required)

Texas Panel Grants Rule 13 Transfer in Asbestos Cases
(DBN Subscription Required)

______________

Bankruptcy is sometimes unavoidable
(DBN Subscription Required)

City Officials Scramble to Head Off Bankruptcy
(DBN Subscription Required)

U.S. Marshals Shut Down Famed Las Vegas Casino To Pay Creditors
(DBN Subscription Required)

Appeals court orders bankruptcy examiner to repay Big Rivers' fees
(DBN Subscription Required)

Convicted heir files for bankruptcy
(DBN Subscription Required)\

 

New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Creditors in possession - Bankruptcy revolutionary Harvey Miller now sees a system bent on aiding creditors instead of debtors
(The Deal: separate paid registration required)

Bankruptcies Continue to Rise in Iowa in 2003
(DBN Subscription Required)

Court Approves DIRECTV Latin America, LLC Disclosure Statement
(DBN Subscription Required)

Convicted rapist and cosmetics heir files for bankruptcy protection
(DBN Subscription Required)

Energy:

Billing Rates Soar In Big Bankruptcy
(DBN Subscription Required)

Culture of greed alive and kicking
(DBN Subscription Required)

_________________

Paycheck Clears; Suit Demands It Back
(NYT: separate free registration required)

Bankrupt in Utah: Fewer file in 2003
(DBN Subscription Required)

Seitel Announces Agreement for Proposed Amended Reorganization Plan
(DBN Subscription Required)

Atlanta-Based Kosher Chicken Company Defaults on Loan
(DBN Subscription Required)

Apex, N.C.-Based Theme Park Company Files for Bankruptcy
(DBN Subscription Required)

Bankruptcy bulldozes small-asset creditors
(DBN Subscription Required)

UK:

Debt-ridden Leeds in talks on asset sales
(DBN Subscription Required)

Leeds quashes takeover hopes
(DBN Subscription Required)

FIGC: More clubs face bankruptcy
(DBN Subscription Required)

Sheikh Breaks His Silence On Bid
(DBN Subscription Required)

Can Chinese White Knight save Leeds?
(DBN Subscription Required)

_________________

Canada:

Debt collectors violating rules, insiders charge
(DBN Subscription Required)

________________

Italy:

Secret flight to Libya on a Parmalat jet
(DBN Subscription Required)

Parmalat calls in ex-Fiat law chief
(DBN Subscription Required)

Additional Parmalat Stories

_________________

Argentina:

Kirchner snubs private creditors
(DBN Subscription Required)

Argentina stands fast on bond issue
(DBN Subscription Required)

Argentine Leader's Nationalism Is Popular But Risky
(DBN Subscription Required)

Telecom unveils US$3.2bn debt restructuring plan
(DBN Subscription Required)

_______________

Australia:

Movie's tax twist upsets the experts
(DBN Subscription Required)

________________

Korea:

South Korean Bank Stocks Rise After LG Card Bailout Accord
(DBN Subscription Required)

$4 Billion Rescue Package Lets LG Card Avert Bankruptcy
(NYT: separate free registration required)

LG Card to Get New CEO After Bail-Out
(DBN Subscription Required)

LG Card raises doubts over S Korean reform
(DBN Subscription Required)

_________________

France:

France business failures up in 2003
(The Deal: separate paid registration required)

________________

China:

China to hand out another $52bn to bad-loan banks to pave way for floats
(DBN Subscription Required)

_________________

Singapore:

Singapore Telecom's C2C to Restructure $650 Mln Debt
(DBN Subscription Required)

________________

Mexico:

TV Azteca says owner involved in debt controversy
(DBN Subscription Required)

__________________


Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com