July 30, 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 function repaired: Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Airlines:

United Airlines sued over pensions
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Retirees' Futures Up in Air
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United Airlines' retirement plan should be ended without delay
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United: Machinists' Suit Over Pensions 'Baseless'
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UAL narrows losses
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Rough skies for Europe's air carriers
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Trustee seeks to cap airline tax claim
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Airline Trustee Seeks Cap on IRS Award
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Delta sets stage for healing cuts: CEO outlines cornerstones
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U.S. airlines sing the blues as jet fuel soars
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Parmalat suit seeks $10 bln from Citigroup
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Parmalat Files Suit In NJ Against Citigroup For Damages
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Parmalat sues Citigroup, claiming "financial manipulation"
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Parmalat takes aim at Citigroup
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Tyson:

Bankrupt Tyson all business at weigh-in
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Tyson Running Out of Time, second Chances
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Novelty or contender?
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Tyson hits the ring tonight
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Tyson in Desperate Days
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Under Heavy Repair
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Tyson: 'I'm trying to be a decent man'
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Britain's Williams thinking big for Tyson bout
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No turning back for new-look Tyson
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Tyson, on hard times, cornered in money arena -- Controversial boxer will try to fight his way out of $40 million debt
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Law:

If John Edwards Can Do It, Why Not You?
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Lawyer Wins Right to Foreclose on Client's Home
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Survey: Lawyers Discriminate Against Disabled Lawyers
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Munsch Hardt buying Houston law firm
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Energy:

Coral Energy settles manipulation claims
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Telecoms:

AT&T's debt goes to junk
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Illinois Emerald gaming license heading for showdown
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Board approves plan to sell Chicago-area casino's license
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Bankruptcy Court Awards Allstate New Jersey and Encompass Insurance $6.65 Million in Fraud Case
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Tampa Car Dealer Sent To Prison In Fraud
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Spiegel gives notice of layoffs
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Losses Increase as Cash Decreases, Straining Trump's Casinos
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Hayden Chamber to hold fire sale
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Winery hearing postponed
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Lawyer says lottery records don't support winner
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Former Clayton Art Gallery Owner Pleads Guilty To Bankruptcy Fraud
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Why No Good's; Documents Reveal Years of Behind-the-Scenes Problems at Parent Company, Leading to Liquidation.
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Former Heritage Networks' Employees File Claims With California Labor Board for Unpaid Wages
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Sold hair and teeth on E-Bay to pay bankruptcy debts? (scroll down)
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Enron:

Gonzalez delays Enron 401(k) ruling
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Man seeks to avoid bankruptcy by auctioning everything he owns on eBay
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Steel:

Georgetown mill ready to make steel
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Stelco CEO announces turnaround program
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Stelco's strategy for survival
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Stelco restructuring to cost eight plants
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International Steel profits below expectations
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Asbestos:

Hardie liabilities growing
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Hardie liability an issue of trust
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Asbestos victims "better off"
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Where the line of duty falls for asbestos legal advisers
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Award leaves accounting body red-faced
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Hardie: We did not set out to dud asbestos victims
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Hardie faces laws to ensure asbestos victims are paid
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Australian Co. Under Fire in Asbestos Case
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Years of asbestos exposure lead to skyrocketing death toll
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Accounting:

Millennium Chemicals To Restate Financial Statements
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Krispy Kreme Reveals SEC Probe
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65m bill for KPMG partners
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Corporate Reform:

Corporate boards get a little less interlocked
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SEC weighs hedge fund regs
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FASB finds friend in Senate
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Tough Prosecutors Changing Corporate Environment

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Details of HomeGold settlement sought
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Lives unraveled
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Kaiser's pension plan in government hands
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Consumers know little about freezing credit card history
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Jury to decide factors in Century Mortgage pair's sentencing
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Demand for truck drivers soars as economy improves
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Janus Facing a Big Hit
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Golf Club of New England's bankruptcy plan approved
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Vernon Downs considering Ch. 11 bankruptcy
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Adelphia, Despite String Of Losses, Still Takeover Target
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Big money to help Horizon PCS bankruptcy
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FTI Consulting Hires Randall E. Curran, Patrick J. Donoghue and Anuj Bahal; Senior Managing Directors
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American Plumbing and Mechanical, Inc. Announces Approval of Sale of AMPAM J.A. Croson Company
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American Plumbing and Mechanical, Inc. Announces Confirmation of Plan of Reorganization
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Lawsuit could strain FLDS finances
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Solutia, Huntsman will shut Sauget operation
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Biopharmaceutical company Hemosol announces going concern qualification
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Rising debt makes U.S. vulnerable, Tanner warns delegates
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Applied Extrusion Technologies, Inc. Reaches Agreement in Principle on Recapitalization with Holders of over 70% of Senior Notes; Company Will Not Pay Interest on Its Senior Notes
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Team to cover its liens
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Physicians Acquire Hospital Building In Bankruptcy Sale
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Illinois bans use of Social Security Numbers on Most Paper, Electronic Documents, Cards
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UK:

House of Lords to overturn Three Rivers privilege ruling
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Britain's top fraud fighter gives his verdict on tackling the jury
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Germans Cos Register in U.K. to Cut Red Tape
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Fears over 'nation of credit junkies
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Last roll of the dice?
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CableTelewest drops into the red
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Korea:

Bureaucrats' Impudence
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Russia:

Russian bailiff gives YUKOS a month to pay taxes
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Yukos Workers Fret Over Firm's Fate
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Chretien gets role in feud over Russian oil company
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Conoco Wants to Be 'Major' Russia Player
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Three in 10 Russians think embattled oil major Yukos should be taken over by the state
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Leading Russian businessmen stand up for Yukos
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Freeze Against Yukos Units Is Lifted
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Argentina:

IMF Says Its Policies Crippled Argentina
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The IMF's New Boss Stands Up to Argentina on Loan
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IMF Asks Argentina to Renew Talks With Creditors
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Argentina insists fund should take share of pain
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Audit blasts IMF on Argentina oversight
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Brazil:

Telemar Says Creditors Agree to Cut Yield on $716 Mln Loan
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Canada:

MDS Proteomics Announces Completion of Financial Reorganization and Name Change to Protana Inc.
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New Zealand:

Suzanne Paul promises to repay Rawaka creditors
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Singapore:

Synergy's creditors to be paid around year-end
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Thailand:

Thai Crt Likely To OK TPI Debt Plan By End 04 - Planner
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Australia:

Tax cheat's wife wins appeal
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Death knell sounds for Gympie Gold
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Czech Republic:

113 credit unions: 32 bankrupt, 45 in liquidation
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