July 27, 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:

US Airways' hubs 'vulnerable'
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United Airlines' pension decision worries U.S. agency
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Feds say United violating the law
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US Airways will cut Pittsburgh schedule by 35 percent in November
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Delta needs to get past disharmony
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Is United abandoning pension obligations?
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U.S. Wants Details on United's Pensions
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Can Delta Carry Song's Tune? -- The faltering airline company Delta Air may remake itself along the lines of its low-cost subsidiary Song
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Atlas Air To Emerge From Ch 11 Tue When Plan Is Effective
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Corporate Reform:

Martha Stewart's jail time - Is it all a branding issue?
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Martha Stewart may start her sentence immediately
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Corporate Reforms Reassessed
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Fraud Costs Businesses $660 Billion
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Charges Expected in U.S. Foodservice Case -- Former Senior Executives to Be Indicted
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Words Matter: What Ken, Martha haven't said
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Companies Could Starve Without Junk-bond Diet
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Asbestos:

Congoleum Delays Confirmation Hearing
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James Hardie's lawyers may face misconduct charges
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Hardie asbestos probe calls unexpected new witness
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James Hardie fails to stop publication
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Oil Companies Sued in Calif. Over Asbestos Death
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Enron:

Texas Pacific buy-out of Enron utility could be denied
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The Case of the Vanishing 401(k)s
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Moving On After Enron Means Being Humble And Minimizing Role
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Enron Memo Details Deals between Causey, Fastow
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Not Enron is not enough
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Northern Border Sees $2M-$4M Net From Enron Bankruptcy
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U.S. Treasuries Drop After Unexpected Climb in U.S. Home Sales
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Spiegel's non-voting shares to be taken off the market
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Will Hoover's 'Sobering' sentence
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Amid tumult in health-care, a banker carves a rich niche
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Eldridge Hotel sale rejected
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Creditors request examination of DVI
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Fed Cites Risk Management, Compliance Deficiencies At ABN Amro
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Adelphia Commun Reports $25M Loss For June
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Tyson, Flat Broke, Banks on an Epic Return
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Law:

Brobeck Liquidation Committee Fights Proposal to Settle Claims Against Clifford Chance
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Brobeck liquidators reject Clifford Chance settlement offer
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UK firms in partnership cull
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Professional support lawyers -- the guiding light in large firms?
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How to Remedy Facial Faux Pas
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Law Firm Sued by Fired Attorney
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This expense doesn't fly -- Steel Hector private jet charter disputed
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Kilpatrick Stockton Partner Named One of the World's "Top 100 Women in Antitrust"
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Telecoms:

States seek MCI tax files
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Accounting:

I.R.S. Settles With 2 Firms Over a Tax-Avoidance Plan
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IRS Says It Will 'Sharpen Focus' on Collections
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Investors File Suit Against Cardinal Health and E&Y
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Forget Salary -- Is the Company Ethical?
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Accounting Grads See Starting Salary Increase
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U.S. prosecutors are set to unveil criminal charges stemming from Ahold's accounting problems.
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Weathervane To Auction
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Predatory Lending Aimed at Senior Citizens
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Spiegel Enters Into Order With The SEC
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Major Fiscal Worries Not on Anyone's Agenda
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New CEO Named at Malden Mills
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School Fitness Systems: Seller of school gym equipment is guilty of fraud
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Employees accuse Color Arts of violating notification law
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Lining up to pick over remains of YWCA
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CoreCare Systems, Inc. Major Subsidiaries Emerge From Bankruptcy
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Bankruptcy rate remains high in Colorado
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Southern Structures to begin rebuilding
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Carolina Investors: What's next for the investors?
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Ex-Citation chairman files for bankruptcy
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Economic slowdown may be near
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CEOs Cautiously Optimistic on Economy
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Thaxton Group / Judge to Consider Plan for Reorganization
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Napster and Bertelsmann: It Seemed Like A Good Idea... A bad deal is still giving the German media conglomerate BMG nightmares
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Affinity Announces Ligon Ruling -- Bankruptcy Possible
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Fair Credit Reporting Act: Failing to Comply Can Be Costly
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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UK:

Holiday Firm to Axe 540 Jobs
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CBI says confidence hits nine-month low
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Thousands of Abbey jobs at risk
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Slaughters and Clifford Chance seal Abbey take-over
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Wanted: Enthusiast with endless patience and bottomless pockets to bail out pro rugby
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Ashurst partner profits down 69,000
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28 years old and bankrupt
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Bankruptcy Beckhams
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Value of fraud cases falls in first half of 2004
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Russia:

Yukos shares dive on market fears
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Russia's oligarchs: Their risky routes to riches
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Bankruptcy is best for YUKOS
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Court Upholds Order on Yukos Swiss Account
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Ireland:

Call for shake-up of law on debt
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FG publishes Enforcement of Court Orders Bill to keep people out of jail for debt
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Argentina:

Argentina Says IMF Interferes in Debt Negotiation
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Italy:

Parmalat takes first step to paying off its debts
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France:

Valiance in talks to sell assets to rivals as it prepares for bankruptcy
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Eurotunnel boss disowns 80m loss
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Korea:

Shanghai Automotive, Ssangyong to Jointly Move Into Global Market
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Taiwan:

Cradle defaults on bonds
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Nicaragua:

Nicaragua's $3.4Bln Debt Forgiven
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Australia:

Australian Medical Association says commonsense prevails with withdrawal of bankruptcy bill
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