January 19, 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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Enron:

Enron-led group offers India power stake for $380mln
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Northern Border payout hinges on Enron hearing
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Pipeline Workers Happy to See Former Enron Executive Go to Jail
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Cutting through Enron's 'web'
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Fastows fall from privilege to prison
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PG&E Agrees to Pay Enron $355 Million
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Lea Fastow's Pending Charges Not Dismissed Yet
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Federal Judge May Face Sanctions For Improperly Seizing Control Of Bankruptcy Case
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Charges still few in PBA trust swindle
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Investigators peel HomeGold layers
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HomeGold cannot access financial data
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Telecoms:

Wiped out investors demand voice in TA bankruptcy
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Gores Technology Group, LLC Statement on Carl Icahn's Request That Bankruptcy Court Disqualify GTG From Cable & Wireless Auction
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XO, Bank One interested in C&W's U.S. assets
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C&W America says gets court OK for facility
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MCI Plans Layoffs Amid Shrinking Revenue
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Law:

Noted law firm hit by malpractice suit
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Prayer Amid the Office Machines
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Philadelphia law firms blame city tax for relocations
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S.F. law firm plans Boston expansion
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Steel:

West Virginia's Tobacco Money Might Aid Weirton Steel
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International Wire looks to avoid bankruptcy
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Mismanagement brought down landmark Vegas casino
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Many young adults floundering in sea of debt
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Common perils land folks in bankruptcy
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Holiday Credit Card Debt May Cost More
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Keeping Score on Insurance and Credit: A Guide
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Retirement saving is a bitter pill
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Court OKs $525 mln Solutia bankruptcy loan
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Bankruptcy vs. gutting it out
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Revenge of the Burgermeister
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  Airlines:

Delta CEO hints at bankruptcy
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Judge approves Li bid for Air Canada stake
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Don’t disparage airline’s success -- build on it
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United recalls up to 600 flight attendants
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Furloughed Pilots in U.S. Retrench, Find Other Jobs or Just Wait
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Longtime US Airways Worker in Pittsburgh Questions Firm's Loyalty to Employees
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Financial Advisory Consultants Money Manager, Kin, Friends Received Millions
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Final Insult
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Bake-Line bankruptcy costs workers their wages
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Energy:

NorthWestern's bankruptcy keys state demands
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Mirant seeks lease renewal from bankruptcy court
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Asbestos:

Asbestos Reform On The Radar, But Odds Not High
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Colorado business bankruptcies fall
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For a Record Label Founded by the Beastie Boys, the End Is Less Than Grand
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Teddy bear's fate no picnic for city
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Agway:

Agway proposes payment plan for bankruptcy creditors
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U.S. farmers co-op Agway files for bankruptcy
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Louisville: Jay's files bankruptcy
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ExecPC parent files petition for bankruptcy protection
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Court Approves Stone & Webster Amended Joint Plan of Reorganization
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SPMH reorganization budget submitted to bankruptcy court, Quorum top unsecured claim
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Schrager struggles to keep control of bankrupt Clift Hotel
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Royal Olympic Cruise Lines Allows Lenders to Sell Two Ships
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HealthSouth refinances debt that was due April '03
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Plaintiffs seek HealthSouth state, federal tax refunds
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Cabletel Announces Liquidity Concerns And Efforts To Restructure Its Current Obligations
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Bankruptcy tolled HEAL loan's waiting period

Banking on bad debt: Company that buys, collects charged-off debt purchases call center, establishes fund
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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At 2 Hospitals, Fiscal Troubles in the Glare of Public View
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One Price Clothing Stores Obtains Support from Sun One Price and Seeks Further Support from Stakeholders, Working With Lenders
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A Poor Cousin of the Middle Class
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Maine Blueberry Processors Lose Bid to Avoid Liens in $56 Million Judgment
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Accounting:

Profits up but revenues down at KPMG
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Swiss regulator starts insider probe into Adecco
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Adecco gains as financial damage seen limited
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'Making people successful'? Tell that to the chiefs who had to step down
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Crowe Chizek Honored as Top Merger & Acquisition Firm

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Farmland winds down year by selling $1 billion in assets
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Failed mortgage lender Capital Commerce faces suits
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UK:

Leeds shares fall as debt deadline looms
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Additional Leeds Stories

What spooks told Old Lady about BCCI
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Trouble in store
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Topped up with debt
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Girls learn to dodge debt timebomb
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Canada:

Imperial PlasTech reports permanent injunction obtained in US Bankruptcy Court
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Italy:

Parmalat Former Executives Questioned at Company's Headquarters
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Additional Parmalat Stories

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Australia:

Legal changes cause drop in bankruptcies
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ASIC puts Kaye vote on hold
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Japan:

Japan Raises Economy View, Sees Recovery
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Japan bankruptcies fall over 14 per cent in 2003
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Korea:

South Korean Banks, Regulators Balk at More Overseas Ownership
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