January 26, 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

         
Bankruptcy Reform:

An End Run at Bankruptcy Reform
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Bill would cut abuse of bankruptcy to escape debt
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Bankruptcy Reform Bill
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Asbestos:

Court to rule on Halliburton insurers Feb 11
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Asbestos, Grace and disgrace
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'Queen of asbestos' Padmore finds niche in law: Shirley Padmore, partner, Husch & Eppenberger LLC
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Halliburton: Crt Sets May Hearing On Ch 11 Plan
(WSJ: separate paid subscription required)

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Adelphia in Talks for $8 Bln Loan to Exit Bankruptcy
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Adelphia's Battle Over Disclosing Options
(WSJ: separate paid subscription required)

About those free credit reports ó hold your horses
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Congress Moves to Aid Cos. With Pensions
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FAO

Playtime's Over: FAO Schwarz Wraps It Up Until Spring
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Shaw's $41m Bid Wins FAO
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CART:

George set to increase CART bid
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IRL, investor group only bidders for bankrupt CART
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Open-wheel fate left in hands of bankruptcy judge
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Fate of Vancouver Indy in hands of U.S. judge
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IRL ups ante for pieces of CART
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OWRS Prepared to Fight for CART Assets
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As the after-Christmas bills hit, resolve to do better
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Court Approves Proposed Sale of Cable & Wireless America to SAVVIS Communications Corporation
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Struggling wildlife museum offers to buy back bonds at a discount
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A tough game for toy retailers
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Mandrake Linux Shows Profit -- End to Bankruptcy Near
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Penn Traffic Granted Extension On Bankruptcy Exit Plan
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Judge to rule on Health Plan of the Redwoods bankruptcy plans
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City Council approves Mohamedís plan to revive Palmer Johnson
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Connecticut firm to find buyer for Eastern Pulp mills
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Atchison, lenders spar over fees
(The Deal: separate paid registration required)

Home ownership among no-asset chapter 7 debtors
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State seeks to close financially troubled NJ insurer
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Ailing restaurant chain to auction Mexican, Italian eateries: Five months after filing for bankruptcy protection, Five Star to remove Marco's, Original Pasta Co. from the menu
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HomeGold Lending Suit Settlement Means Less Money for North Carolina Plaintiffs
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The price to fix what ails HealthSouth: Company expects to spend $138M for its ongoing turnaround bid
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  Airlines:

Why isn't restructured US Airways taking off? 
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United seeks lift with pension bill
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Hawaiian flying
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Administration threatens veto of bill allowing pension fund payment delays
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Pension Perniciousness
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Northwest Airlines Has Operating Loss
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Northwest Airlines Flies the World's Oldest Fleet, Study Says
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Claims pile up against airline
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Great Plains files for bankruptcy
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Airport nearly empty again after airline files for bankruptcy
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Claims against Air Canada reach more than $103B including $83.5B in lawsuits
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Law:

Firm Announces Higher Associate Bonuses
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Partners Dodge Taxes With Move, Associates Still Must Pay
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Shift in priorities: Making partner losing some of its appeal
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Top NY Firm Elects Management Team
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Clifford Chance partner tops M&A ranks
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Top dog at Dickstein Shapiro lets another have his day
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Out-of-town firms stabilize lawyer head count in Hub
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Energy:

NorthWestern bankruptcy: Some reason for optimism
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Steel:

Congress revives steel loan program
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US Congress' Loan-Plan Extension A Boon For Weirton Steel
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Weirton Steel stock soars on news of possible emergence from bankruptcy
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Mr Protectionism's riskiest call
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Receiver works on collecting on Loans 4 Military accounts
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PhyAmerica judge says doctor violated court order
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FBI probes Jolly Enterprises
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In 2003, stage set for economy, market rebound
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Will Pension Monitor Need a Bailout?
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Bankruptcy can lead to bumpy chapters in your financial life
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Bankruptcy could help debt-laden `Anonymous'
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Houston: Dry cleaning chain buried under loads of debt, bankruptcy filing
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Litchfield, Conn., Consultant's Firm Files Chapter 11 Bankruptcy Protection
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Spiegel emerges from bankruptcy with media blitz, new catalog
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Spiegels Last Gasp?
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Master P. filed for bankruptcy
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Tourists fly home after cruise line's money troubles strands them in Barbados
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Judge to rule on cityís bankruptcy petition
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Madigan pulls lawyers in casino case
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Enron:

Witness against Enron Executives Indicted after Refusing to Cooperate
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Enron's former head of accounting is charged with 6 felonies
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US SEC Chairman Stresses Role Of Banks In Enron, Parmalat Cases
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Friends: Causey nice, but pliable
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Causey indictment seen as `warning' to top execs
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What should tenant or landlord do when tenant closes business?
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Corporate Reform:

Companies Say Ethics Needed, Not Rules
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Analysts Feel Pressure From Feds and Companies
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SOX Internal Control Clock Is Ticking
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Martha Stewart Lawyers Say Jurors Are Confused
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Martha Stewart Judge Is a Trailblazing Woman
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Buffett clinches Oakwood Homes
(The Deal: separate paid registration required)

Brokers Blame Lax Regulators, Lenders for Nation's Biggest Cattle Scam
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First Bank, UMB file suits against National Benevolent
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HealthSouth Loan Highlights Role Of Hedge Funds
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UK:

Leeds At Ask Creditors For More Time
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Additional Leeds Stories

Stars line up to save football club
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I was deceived, says Cushnie
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Banks accused of power grab
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IVAs and Bankruptcy
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Law firms face multi-million pound tax hit
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Make debt relief available to all
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Italy:

Parmalat founder leaves hospital for jail
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Additional Parmalat Stories

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Japan:

FSA eyes 'rebuilding' of borrowers
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UFJ postpones bond issue, denies loans report
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Japan's Banks Fall, Led by UFJ
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Ashikaga Financial ends trading at rock-bottom one yen
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Australia:

Weight-loss group heads for liquidation
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Canada:

CSII Obtains Extension of CCAA Protection
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Doman unsecureds reach deal
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