January 22, 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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Airlines:

UAL attendants shun signing pact to protest retiree hike
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US Airways pilots agree to frank discussion
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US Airways' Pilots Want Details of Airline's Business Plan
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AMR's loss narrows as costs are cut
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Hawaiian's operating income rises for the ninth consecutive month
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It's not just the low fares. The discounters are beating the major airlines on cabin comforts too
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Low-cost flights hamper airlines' recovery
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Energy:

Utility hopes to exit bankruptcy by year's end
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NorthWestern: Bankruptcy plan expected by March 1
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S.F. slams PG&E's bankruptcy plan - City says state should reconsider
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Allou Payments in Question
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Old CART series vows to continue
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Bankruptcy lawyer takes new role
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Judge OKs jury award against Halliburton, adds more
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KB Toys to close up to 500 stores
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Bids set for KB Toys liquidators
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Consumer debt rises to record levels with no end in sight
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Illinois official pleased with interest in bankrupt Emerald casino license
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Castaways casino losses continue, turnaround projected
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Chapter 11 Bills Top $40 Million for San Diego Software Firm
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Court Pulls Fort Worth, Texas, Office Building Owner's Bankruptcy Protection
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Aliquippa hospital to ask bankruptcy judge for 'at least a month' to finalize plans
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Spiegel to Start Running TV Ads for Its Catalogue
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Debt forces Wickes into Ch. 11
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Fleming Files Amended Joint Plan of Reorganization
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Bankrupt Maine Paper Mills Await Lenders' Decision, Hope to Reopen
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DVI Files December Operating Report
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ProTrader co-founder awarded $44M in damages
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Bank of New York Profit More Than Triples
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Morris did not intentionally mislead Carolina Investors investors, attorney says
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Debt Investors Eye Cash-Flow Information
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IT Group near reorg OK
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DIP Dimensions: Halliburton Co.
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Letter from Delaware
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Court OKs Partial Fee On Fleming DIP Refinance Proposal
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  Enron:

Former top Enron accountant due to surrender
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Causey likely target of Enron indictment
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Enron's Fastow Pleads Guilty
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Enron's ex-accountant turned himself in to federal authorities
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Law:

Leader of Embattled Firm Steps Down
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NY Bar Leader Arrested for Fraud
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Firm Loses Two Practice Leaders
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Piff-Paff-Poof -- Turning worthless stock option agreements with bankrupt clients into lucrative fees
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Firm to select next generation of rainmakers
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Associate's Win at the Polls Costs Him His Paycheck
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UK firms seeking a piece of the insolvency action
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Shearmans shake-up to bolster global focus
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Coudert in review of three level partnership
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Skadden catches Howrey litigation star
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SJ Boring
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Firms braced for rise in claims after sex ruling
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Firms need to concentrate more on how to measure marketing expenditure effectiveness
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Baker Botts hires corporate partner
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Telecoms:

C&W may target local rivals
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Judge dismisses more bondholder claims versus MCI
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Global Crossing's stock to begin trading Thursday
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WorldCom Asks to Give Funds to Former Execs
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Steel:

Bankruptcy Hearing Allows Steel Workers to File Health Claims through Feb. 23
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Higher prices help WCI Steel
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Ivaco shares fall as company deems them worthless
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AK Steel Could Get Pension Relief In Senate Bill
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SEC hunts deadbeat defendants
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SEC Creates Unit to Collect Millions of Dollars in Unpaid Fines
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Corporate Reform:

The Top 10 Scams, Schemes & Scandals for 2004

Finance Victims May Sit on Stewart's Jury
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Investigating a fiancée just a Tyco perk?
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Dealer Says Tyco Got Art Tab
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Court approves Daisytek plan
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Opening arguments heard in doctor's trial on bankruptcy fraud, tax evasion charges
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Asbestos:

Halliburton remains on CreditWatch
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Risk management community continues to press for asbestos reform
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How ABB CEO Yanked a Giant Out of the Mire
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Accounting:

SEC Complains of Chicago-Based Auditors' Dealings with Mortgage Banking Firm
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Crises-hit Adecco turns to Lathams and Paul Weiss
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KPMG boss becomes highest paid British accountant
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Kaiser Aluminum Signs Agreement to Sell Its Interests in an Alumina Refinery in Jamaica
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UK:

'The only way for Leeds is to sell a player'
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Additional Leeds Stories

Equitable Life retreats from pledge to sue Government
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Nazi goblet refreshes bankrupt's finances
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The row over the administration of Railtrack could prove more than just a political embarrassment to the Government
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The British consumer receives a damning report
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The position of debtors claiming assets contracted on to a third party
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UK regulator warns against creeping hedge fund debt
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Has the Enterprise Act really introduced a fairer regime for unsecured creditors
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Factors Behind Falling Insolvency Rates
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Italy:

Italian Consumer Confidence Drops on Parmalat Concern
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Additional Parmalat Stories

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Barbados:

Tourists Stranded as Cruise Liner Is Impounded
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Action by creditors strands passengers on cruise ship in Barbados
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Thailand:

Bankruptcy court delays TPI compromise plan decision for three months
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There's no credit in massive debt
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South Africa:

Liquidators going after cash from CNA
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Czech Republic:

PBJ ceases publishing due to 'large unpaid debts'
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