June 28, 2004 

Daily Bankruptcy News

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Enron:

Lay: Enron's fall happened at the hands of a few
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Enron's ex-chief takes responsibility for its demise
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Scandal not my fault, says Enron chief
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Lay: 'I know in my mind I did nothing criminal'
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Crimes of Others Wrecked Enron, Ex-Chief Says
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Fight to the end for the little guy / Small-town utility's lawyers ferret out evidence
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Federal Prosecutors Deny Enron Retaliation
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Enron barge trial moved back again
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Democrats accuse White House of coddling Enron
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Senator says Enron's trading tricks dragged on
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U.S. House votes to make Enron evidence public
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Enron to sell Florida gas pipeline
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Dems demand energy refunds -- House says no / Californians accuse Enron, other companies of gouging
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Pain and heartache
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Lawmakers lobby FERC on utility's contracts
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Bankruptcy Judge, Former Mayor Ralph Kelley Dies
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Law:

Divorce Expert Eyed For Covering His Assets
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140 NY Lawyers Dodge the Layoff Ax
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Firms Merge
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Profits Are King at DC Firms
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Court Ruling Causes Tumult in Sentencings
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Firms evolve after lawyers venture out on their own
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Lawyer Gets 50-Year Sentence for Stealing From Clients
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Verdict in: Perkins Coie Chicago office a success
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Dancer in 'Cats' Finds a 2nd Act in Law
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Another Clifford Chance partner quits California practice
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A Nominee With No License
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Attorneys Say Their Profession Increasingly Dangerous
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Energy:

Best bet for buying NorthWestern after bankruptcy
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Fuss over executive bonuses misguided
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Families, Deep in Debt, Facing Pain of Growing Interest Rates
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Springfield bailout must have teeth
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PBGC Assumes Responsibility For Coal Producer's Pensions
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Next generation of breast implants creates buzz, worry
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The Outlook for a New Era of No Longer Cheap Money
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What Keeps Greenspan Up At Night
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All eyes on US Federal Reserve this week
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Credit Suisse drops co-CEO
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Political pressure drives school districts to bankruptcy
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State wants possible fraud debt out of bankruptcy court
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Relief Act Of 1940 Eases Soldiers' Money Woes
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Oneida Reaches Restructuring Agreement
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Ground Round Franchisees Bid $4.85M For Franchise Rights
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OPS to auction assets
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The Basics of Bankruptcy Risk Management When Making Consumer Loans
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Saturn bids for OnLine Power Supply
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Tippin's chain closes its remaining restaurants
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MMORPG to rescue Interplay from financial fallout?
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Former Carolina Investors executive wants jury sequestered in fraud trial
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Application of Bankruptcy's Automatic Stay to Actions Against Non-Debtors
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Seitel Announces Record Date for Determining Stockholders to Receive Common Stock and Stockholder Warrants Under Its Confirmed Chapter 11 Plan of Reorganization
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Federal Agency Balks at Kaiser Aluminum Benefits Agreement
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Bankrupt Horsehead estate hopes to shed land
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Candescent Technologies Files Chapter 11 and Announces a Sale of Its Assets
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  Airlines:

UA lost a bid to secure a federal loan guarantee, a fresh setback to the carrier's efforts to emerge from bankruptcy
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A Wing, Prayer and $500 Million Might Save United
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HAL bankruptcy trustee kicked off plane by pilot
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Hawaiian Airlines' May Traffic Rises 17.3%
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Terminal financial condition
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Snow Denies Any Pressure Over United
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Northwest, unions need new flight plan
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For airlines, the old ways just won't fly
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Pilots' agreeing to less pay lifts airline's hopes
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State-backed IRCJ to bail out Skynet Asia
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Alitalia agrees cost-cutting plan
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Reorganization at Delta raises OIA concerns
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Delta unlikely to cut SkyMiles
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Kitty Hawk Responds To ISS Request For Auditor Fee Info
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Fed hike likely to fuel bankruptcies
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Tyson:

Bankrupt Tyson Living In Hostel
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Tyson has to fight his way out of debt with IRS looking on
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The fight behind the scenes of Tyson fight
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Tyson Reaches a Settlement With King
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Tyson will have to fight to settle his debts: Don King
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Tyson's a has bin
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Bankruptcy rises with health costs
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Courts may deem vendors of bankrupt firms not so 'critical' after all
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Asbestos:

Daschle Suggests $141B Asbestos Trust Fund
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Asbestos Shares Up as Settlement Nearer
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Senate Leaders Narrow Differences on Asbestos
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The Judges of Madison County
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Man in asbestos suit
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Telecoms:

KPNQwest trustees file complaint against Qwest
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MCI Lays Off 2,000 More
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MCI Plans Major Retrenchment
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WorldCom Fraud Was Obvious to Its Banks, Fund Says
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Ahead, General DataComm battle on
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Fourth Circuit's Literal Interpretation of Bankruptcy Code a Victory for Licensors of Intellectual Property

Pros, cons of converting to Chapter 7 bankruptcy
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Unions mount last-ditch bid to defeat Pittsburgh Act 47 fiscal recovery plan
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Failed tech school rips off students
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Conned by the blond
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For Busy Solos, Partnering Not the Only Option
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Summer's idle time for jobless teens
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Deficits found in Michigan cemetery trust funds
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MIT prof pays for abuse with 10-month sentence for asset concealment
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Optical chain seeking Chap. 11
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SkinMedica wins Vaniqua Cream auction
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Hilbert details defense in Conseco loan lawsuit
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Technology Business Asset Sales in Bankruptcy
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$45M bid for Fair Grounds
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Churchill Downs Incorporated to Act as 'Stalking Horse' in Horse Racing Bankruptcy
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Orion liquidation plan OK'd
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One Price creditors want court to halt spending
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Plastic surgery center asks court to cut debts
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Overly indebted graduates are not in our best interest
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Court decision may allow for NBA retirement community's sale
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Judge sets claim deadline in Mission liquidation
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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More seniors face financial need to return to work
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Accounting:

PCAOB Finds Significant Issues in Review of Big 4 Audits

IRS Warns Against Virgin Islands Scheme
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PCAOB Hands Big Four ''a Little Fear''
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Corporate Reform:

Fugitive with view -- Former Symbol Technologies CEO's 2-year trek across nations has kept him ahead of authorities
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Playin' by new rules: Private companies begin to fall in line with dictates of Sarbanes-Oxley
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European regulators crack down on corporate misrule
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Jurors to Deliberate in Adelphia Case
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Utahns and bankruptcies
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Washington's New Receivership Act
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UK:

Bank of England Says Lenders May Suffer as Rates Rise
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Bank warning over household debt
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Graduation at last for insolvency practitioners
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Marshlands of debt may sink global recovery
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Last-minute talks in bid to save toy firm
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A statutory demand for payment does not generally have the effect of either extending the period for payment of the relevant sum or waiver of any other rights
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Sleepless nights over a 39,000 investment
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New house price fears as Nationwide predicts slowdown
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Employers warned on pension fund
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The dangers of mutual recognition of European judgments
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Tax Refund in bankruptcy
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Korea:

S Korea boss sentenced to prison
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Number of debt delinquents falls
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Japan:

Fishing net supplier attracting investors after conversion to investment banking
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Stressed workers succumb to addictions
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Phoenix May Become Top Mitsubishi Motors Stakeholder
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Russia:

Way Seen Open for Yukos Endgame
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CEO of beleaguered Yukos resigns
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U.S. urged to condemn oil trial
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Ireland:

`Improper payments' noted at Doherty Advertising
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The tale of Doherty's collapse
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Martin defends collapsed company
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Iraq:

US Transfers Sovereignty to Iraqi Govt. -- Enacts New Bankruptcy Law
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Italy:

Parmalat to Announce Final Version of Restructuring Plan
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Singapore:

Synergy creditors vote for new repayment scheme
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China:

US bank to continue helping handle bad loans
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Nauru:

At the mercy of world's biggest debt-collector
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Guatemala:

Guatemala lenders reluctant to fund coffee sector
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Thailand:

Thai petro company to restructure
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