January 29, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Bankruptcy Reform:

GOP pushes bankruptcy bill
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House merges 2 bankruptcy bills
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That's politics!
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Sensenbrenner: House Approves Crackdown on Abuse of Bankruptcy Laws; Consumers to No Longer Shoulder Debts
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House Nudges Senate on Bankruptcy Bill
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GOP Lawmaker Jeopardizes Family Farmers' Popular Bankruptcy Measure
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US House GOP Tries To Resurrect Stalled Bankruptcy Bill
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U.S. House approves bankruptcy overhaul
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Retailers: Attach Bankruptcy Reform to Ag Bill
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House combines bankruptcy bill with protections for farmers
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Oral Arguments -- US v. Galetti
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Oral Arguments -- Yates v. Hendon
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Nebraska family clashes over love, money and death
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Royal Olympic bankrupt
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Royal Olympia Cruises Files For Chap 11 In Greek Ct
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Asbestos:

Halliburton, insurance firm agree on asbestos payment
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Equitas and Halliburton Settle Asbestos Insurance Claims
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Halliburton Announces Fourth Quarter Results
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St. Paul Cos. says court order caps its liability in asbestos case
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Victory at Hand for GOP Asbestos Reform?
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Owens-Illinois sees an end to asbestos lawsuits
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Court Refuses Confirmation For ACandS Chapter 11 Plan
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Asbestos pre-pack hits setback
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Western MacArthur Bankruptcy Court Approves the St. Paul Companies'2002 Asbestos Settlement
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Steel:

Workers at Bankrupt Rouge Steel Face Vote
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Rouge Steel Workers To Vote On Layoffs For Takeover
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Plan protects 129 W.Va. employers: ; The problems at Weirton Steel would hurt them
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CART:

Judge favors CART
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IRL won't get chance to pull plug on CART
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Tension pervades crowded court
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Ruling rescues Molson Indy race
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Ruling good news for Prix
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Many in IRL unhappy with court ruling
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Accounting:

Grant Thornton Frets as Parmalat Bust Makes Customers Skittish
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'Gang of four' to sue Deloitte
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DTI backs audit cap summit
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Big Four Lose Audit Clients in 2003
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Cash In on Sarbanes-Oxley
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Deloitte Unit Cited for Compliance Flaws
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IRS looking to do more audits
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Home is usually protected during bankruptcy
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Mattress Retailer Seeks to Acquire Bankrupt Out-of-State Stores
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Ex-Kmart execs want suit tossed
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Students overload on credit
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Fannie May Parent Files for Bankruptcy
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Archibald Candy Files For Chapter 11 Protection
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Defunct Jacobson's Name in Retailing May Return
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Longtime Leader Seeks to Regain Control of Lawrence, Mass.-Based Malden Mills
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SkyTerra Communications, Inc. Reaches Agreement In Principle for Purchase of Bankrupt Verestar Business
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CEO Resigns at Beleaguered Spokane, Wash.-Based Metropolitan Mortgage
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  FTI Consulting hit by departures, shares slide
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Airlines:

Bankruptcy lawyers bill United for $59.7 million
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Arrow Air seeks protection from its creditors
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Arrow Air files again for bankruptcy
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Mineta: Business travel won't hit pre-9-11 level
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Low-Cost Airline ATA Teeters on Brink of Bankruptcy; Bond Deal Offers Hope
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Trustee Releases Plans For Hawaiian Air
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Delta CEO: Will Only Accept Long-Term Pilot Contract
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Senate backs easing of pension funding
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Senate OKs pension bill; veto possible
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US Airways, Pilots Talk about Airline's Plight
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American, JetBlue Vie for US Airways' East Coast Shuttle Service
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Great Plains Airlines Is $37.6 Million in Debt, but Alive
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Fed Holds Interest Rate at 1 Percent - Price Plunge
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Enron:

Banks bid for Enron's debt
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TPG bid for utility uncontested
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Corporate Reform:

Two images of Stewart tipster emerge
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Stars Deliver on Witness Stand
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The bad apples in the Big Apple sometimes get away with it
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CIBC says it's cooperating in U.S. probe over funding of mutual fund trades
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Auditor Testifies on Tyco Employee Loans
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Energy:

Seitel Announces Rescheduling of Disclosure Statement Hearing
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Seitel shareholders file their plan
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Energy Corp of America In Default, Rating Cut
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SEC fines ex-Safety-Kleen leaders
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Annuity holders sheltered from Metropolitan's money troubles
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Pittsburgh Teeters on Brink of Bankruptcy as City Rues Spending
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Ford Motor Turnaround Still Faces Long, Hard Road
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Failed U.S. firm agrees to provide satellite, redress
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Mississippi Chemical Announces Results of Potash Auction Process
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PACA Trust Survives E-Mail Exchange Extending Payment Terms
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Federal pension insurer takes over plans of two N.C. firms
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US PBGC Moves To Assume Cone Mills Pension Plan
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PBGC To Take Over Pension Plan Of JA Jones Inc.
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Jackson Products plans to make speedy bankruptcy exit
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Lone Star Steakhouse Plan Confirmed
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Funeral sector on downbeat as nation's death rate declines
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Lender liability lawsuits usually don't get far, but the one involving Exide Technologies is very much alive
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Harrah's shooting for March opening of Binion's Horseshoe
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Former Employees of Las Vegas Casino Are Stuck with Medical Bills
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Adelphia shareholders seen left out of revamp plan
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Galey & Lord Value Figures Vary ; Varying Values Are Not Unusual Because Everyone Is Trying To Get As Big A Piece Of The Pie As Possible, Says One Analyst.
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Bankruptcy Court Allows Navy to End Contracts with Virginia Custodial Firm
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International BioChemical Files for Chap. 11 in Houston
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Calif. bigwig takes $650K to give up bankrupt casino claim
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Debts doom Stealth owner's firm
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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KB Toys:

KB Toys gets OK to close stores
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KB Toys will cut 3,500 jobs, can close up to 490 stores
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Law:

Milbank plots India outsourcing deal
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Dewey halts promotions in profits drive
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UK firm "manages out" 20% of equity pool
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Linklaters bags 33bn mega deal
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Accounting changes threaten UK law firms with 10m tax hit
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Can Pittsburgh position itself as corporate America's backroom in terms of legal work?
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Allen & Overy corporate team gears up for elections
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Jenkens chairman exits after only two months of term
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MOFO names Hagberg as Managing Partner
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Paul Weiss adds six in promotion spree
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Law firms are set to step up their investment in new technology
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Letter from Delaware
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Global Crossing legal revamp
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Germany's Beate Uhse has eyes on 'Penthouse' owner
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UK:

Reichmann Backs Away From Offer for London's Canary Wharf
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Leeds continue with rescue bid
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Versailles witness admits lying to firm's banks
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Devils pay half of what they owe as frantic Leeds battle to raise cash
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Man with a mission to save Leeds
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Versailles figures were 'made up each month'
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Companies sympathetic to hiring bankrupts
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Italy:

Italians fear backlash over Parmalat scandal
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Additional Parmalat Stories

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Australia:

Pasminco to relist through IPO
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Argentina:

IMF OKs Argentina Loan Review Despite Objections
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IMF need not cry for Argentina
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Indonesia:

Revision to law on bankruptcy sought to fix existing flaws
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Japan:

Japanese retail sales fall less steeply in 2003
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Singapore:

Bankruptcy cases rise in Singapore
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Netherlands:

Ruling In KPNQwest Case Expected Within 4 Weeks -Trustee
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Canada:

TransForce completes deal for bankrupt U.S. truck firm
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Dawson City faces bankruptcy
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China:

China goes after lenders -- and borrowers too
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Germany:

Grundig's Core TV Business to Be Sold
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Mexico:

Allegro resists filing bankruptcy
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