January 5, 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:

Some airline creditors not keen on Li plan
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Drop in Business Clients Is Seen After Cancellations
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US Airways fails to remedy turbulence of change
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Continental chief pins airline's survival on service
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Energy:

PG&E land protected in bankruptcy
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PG&E Pays Controversial Bonuses
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Law:

Davis Polk & Wardwell Ordered to Turn Over Non-Privileged Documents
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Lawyers trying to slow down the meter
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Airline Leasing Company Files Suit Over Tax Shelter
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Taking a driver's test for his cousin will cost a California man 26 years to life in prison
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What's in a name? Law firms find shorter is often sweeter
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Law firms ready to hire, as big league teams face burdens
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Firm branding, complex litigation ahead for lawyers
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'January follies' are no fun for retailers
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Enron:

Enron figure tabs Clark
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Enron IOUs include one for bankruptcy examiner
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Asbestos:

Congoleum DIP from Congress Fin'l
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Lawyers pay for attack ads
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Corporate Reform:

Executives continue to give businesses the business
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Sad Holiday Season for Toy Stores?
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Media Six bankruptcy case may take months to resolve
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Homeless suffer as cities crack down on cheap motels
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  High-profile, high-tech business undertaker takes up residence in Silicon Valley
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Steel:

Exporting Geneva Steel
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Weirton reaps benefits of steel tariff law
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Accounting:

IRS rules come down hard on tax shelter abuse
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IRS Audits 800 on Its Staff Over Suspect Deductions
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Cheats more sophisticated, so IRS reorganizes
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The ABCs of bankruptcy
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Debt Equitably Adjusted Despite Lack of "Good Faith"

Creditors target Cone Mills panel
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Bankruptcy Court Sets Date For Sale Of Deaconess
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Bankruptcy courts getting tough
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Living Large Means Largely Broke
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Iowans set bankruptcy record
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Bankruptcy Attorney Foresees More Work, as Filings Continue
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Bankruptcy: Irresponsible spending or sudden bad luck?
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10,381 bankruptcy filings in 03 shatter Ohio area record
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Judge OK's award in blueberry lawsuit, bankruptcies may follow
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U.S. contractors forced out of business
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Salinas 'Ponzi' case widens
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Debt-ridden town disbands its police
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Troubled cruise liner returns to Florida
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Cruise Ship Files for Bankruptcy, Is Confined to St. Thomas
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Royal Olympic faces liquidation
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FirstCity Liquidating Trust Announces Termination and Anticipates Final Distribution to Class B Certificate Holders; No Distribution For Class C Certificate Holders
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Baltimore millwork firm files Chapt. 11
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Heartland Exec Defends Actions
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Living on the edge (of bankruptcy)
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Partners Mortgage proposes asset liquidation plan
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Reservist's business dies in his absence
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CFS Judge approves release of cash
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UK:

A little-known alternative to bankruptcy
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Yesterday's debtor is today's valued customer
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Leeds In Dire Straits
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Festive spending leads to bankruptcy hangover
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Italy:

Parmalat to Hire U.S. Bankruptcy Law Firm
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Additional Parmalat Stories:

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Canada:

KSAT Satellite Networks Issued Certificate Of Intent To Dissolve
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Korea:

LG Card Creditors Want Rescue from Korea
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LG Card Lenders Set to Agree on 5.15 Tln Won Bailout
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Australia:

Kaye's investors look to profit
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Japan:

Planned new Tokyo bank threatens lenders that are presently struggling
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Germany:

Thomas Kirch Asks Prosecutors to Stop Investigation
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China:

Chinese regulators take control of brokerage
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Israel:

Payment ethic slides again in December
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