March 15, 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

         
One in 73 Households Declared Bankruptcy in '03
(DBN Subscription Required)

Price of legal advice could be your home
(DBN Subscription Required)

Study links bankruptcy, proximity of casinos
(DBN Subscription Required)

Energy:

PG&E plans huge bond issuance
(DBN Subscription Required)

Pacific Gas Electric $6.7B Deal Has Good Timing
(DBN Subscription Required)

Calif Delay In Passing PGE Util Bill May Cost Customers
(DBN Subscription Required)

Pacific Gas to Sell Bonds as Yields Drop to Lowest in 9 Months
(DBN Subscription Required)

Moody's raises Pacific Gas&Electric Co rtg
(DBN Subscription Required)

NorthWestern Corp. Hopes to Hold Montana's Utility Rates Steady for Five Years
(DBN Subscription Required)

Northwestern Corp. bankruptcy plan calls for no rate increases
(DBN Subscription Required)

PG&E sets date to exit from bankruptcy
(DBN Subscription Required)

Utility Sued Over Troubled Desal Unit
(DBN Subscription Required)

___________________

Accounting:

Top IRS official caught by alternative tax
(DBN Subscription Required)

Options expense debate eyes incentives
(DBN Subscription Required)

Regulators’ Scrutiny Rises in Britain in Shell Case
(NYT: separate free registration required)

Sen. Enzi Tries to Redirect FASB on Stock Options
(DBN Subscription Required)

KPMG's Belgian affiliate suffered a legal setback in its bid to withhold papers in the Lernout & Hauspie securities-fraud suit.
(WSJ: separate paid subscription required)

A federal judge threw out a suit by a former KPMG client who accused the firm of selling him an unsafe tax shelter
(WSJ: separate paid subscription required)

Tough New Accounting Rules for Europe
(DBN Subscription Required)

_________________

Asbestos:

Asbestos Issue Delays Bankruptcy Proceedings of Armstrong World Industries
(DBN Subscription Required)

Halliburton CEO plans bankruptcy exit in middle of year
(DBN Subscription Required)

_______________

Corporate Reform:

Despite her conviction, hometown backs Stewart
(DBN Subscription Required)

Outraged shareholders' activism
(DBN Subscription Required)

Stewart close to a deal on relationship with her company
(DBN Subscription Required)

What's in a name? A billion or so
(DBN Subscription Required)

Kmart to offer more of Martha
(DBN Subscription Required)

Martha’s Case Serves Up New Batch of Lessons

Scandals shame some colleges, but not all of them
(DBN Subscription Required)

Hubris in the dock
(DBN Subscription Required)

______________

Gatekeepers
(DBN Subscription Required)

Credit can be repaired
(DBN Subscription Required)

Bob's Doghouse
(DBN Subscription Required)

Bankruptcy plan strips 'Penthouse' founder of role
(DBN Subscription Required)

HomeGold papers found, computers seized
(DBN Subscription Required)

Advanced Glassfiber Yarns Plan Approved
(DBN Subscription Required)

GE gives vote of confidence in solar power with purchase of AstroPower
(DBN Subscription Required)

Salt Lake Couple charged with tax conspiracy, bankruptcy fraud
(DBN Subscription Required)

Ross, Cone Mills announce completion of sale
(DBN Subscription Required)

Bankruptcy judge approves abandonment of Eastern Pulp mills
(DBN Subscription Required)

Buyers beware at Eastern Mills
(The Deal: separate paid registration required)

Harrah's is poised to win Illinois license
(DBN Subscription Required)

President to sell Biloxi units
(The Deal: separate paid registration required)

  Airlines:

United says budget unit had 82% capacity in 1st month
(DBN Subscription Required)

No. 2 Delta exec to leave
(DBN Subscription Required)

US Airways buys more time but loses union's support
(DBN Subscription Required)

US Airways restructures $1B loan pact with federal board
(DBN Subscription Required)

US Airways renegotiates $1bn loan
(DBN Subscription Required)

Air Canada chief authors saga of airline's turbulent times
(DBN Subscription Required)

Embraer confirms 'satisfactory' financing for Air Canada regional jet order
(DBN Subscription Required)

Hawaiian Air gets lower lease payments extended
(DBN Subscription Required)

_____________

Law:

Firm Pleads With Associate to Stay, Reject Rival's Partnership Offer
(DBN Subscription Required)

Corporate America Sending More Legal Work to Bombay
(NYT: separate free registration required)

Business group seeks probe of law firm
(DBN Subscription Required)

Raids Bolster Boston Firm's NY Practice
(DBN Subscription Required)

Firm Names New Managing Partner in New York
(DBN Subscription Required)

Firms Offer Cheap Perks to Retain Lawyers
(DBN Subscription Required)

______________

Telecoms:

Cincinnati Bell Is in Default on Some Loans; To Restate Results
(DBN Subscription Required)

Cingular Rapped With Fraud Suits
(DBN Subscription Required)

MCI Reduces WorldCom Profits by $74.4B
(DBN Subscription Required)

Another $74.4b Vanishes From Worldcom's Books
(DBN Subscription Required)

RCN taps Blackstone as deadline looms
(DBN Subscription Required)

Oklahoma settles with MCI in state's fraud suit
(DBN Subscription Required)

_______________

Enron:

Judge delays Skilling's trial date
(DBN Subscription Required)

Lea Fastow requests sentencing delay
(DBN Subscription Required)

'Robber barons' want to buy PGE
(DBN Subscription Required)

Enormous Enron trial postponed to 2006
(DBN Subscription Required)

______________

Steel:

Demise of Geneva Steel signals crisis in United States
(DBN Subscription Required)

China’s Need for Metal Keeps U.S. Scrap Dealers Scrounging
(NYT: separate free registration required)

Stelco Inc. provides restructuring update
(DBN Subscription Required)

Slater Steel completes $41M sale of Sorel Forge
(DBN Subscription Required)

________________

Changes ahead for S&P
(DBN Subscription Required)

Catwalk rocked by legal catfight
(DBN Subscription Required)

Commune holds 2-day yard sale: Love Israel family prepares to move
(DBN Subscription Required)

More lenders are going out of their way to help mortgage refinancers
(DBN Subscription Required)

In New York City, Fewer Find They Can Make It
(DBN Subscription Required)

Charities hurt by candy company's bankruptcy
(DBN Subscription Required)

Tower Records:

Tower Records To Come Out Of Bankruptcy Stronger
(DBN Subscription Required)

Tower bankruptcy nears resolution
(DBN Subscription Required)

______________

Houston: TSP bankruptcy hearing slated for Monday
(DBN Subscription Required)

Royal Olympic Gets OK To Dismiss Bankruptcy Proceedings
(DBN Subscription Required)

 

New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Bankruptcy judge reduces FAO execs bonuses
(DBN Subscription Required)

UK:

Bankruptcy: it can be murder
(DBN Subscription Required)

Treasury is 'dooming Equitable'
(DBN Subscription Required)

Treasury to abandon Equitable
(DBN Subscription Required)

Bankruptcy still the last resort
(DBN Subscription Required)

Leeds May Agree U.K. Businessmen's Rescue Offer
(DBN Subscription Required)

Local businessmen plan Leeds United rescue
(DBN Subscription Required)

Bus maker Mayflower gets buy-out approach
(DBN Subscription Required)

Secret approach to ailing British bus maker
(DBN Subscription Required)

Consortium Set To Buy Leeds
(DBN Subscription Required)

_________________

Australia:

Govts end AMC involvement
(DBN Subscription Required)

WC Penfold retrenches 20 staff
(DBN Subscription Required)

Court rules against Kaye company
(DBN Subscription Required)

__________________

Canada:

Financial blow has InterBox on ropes, but other promoter comes up swinging
(DBN Subscription Required)

Martino brothers must pay up before they are discharged from bankruptcy
(DBN Subscription Required)

Uniglobe.com adjourns creditors' meeting on reorganization
(DBN Subscription Required)

______________

Poland:

JTT does battle with creditors and the Tax man
(DBN Subscription Required)

__________________

Italy:

Banks rejects debt swap in Parmalat Nicaragua
(DBN Subscription Required)

Italy Unveils Post-Parmalat Regulatory Recommendations
(DBN Subscription Required)

Swiss justice authorities expand Parmalat investigation
(DBN Subscription Required)

Parmalat USA trustee sought
(The Deal: separate paid registration required)

_______________

South Africa:

McCarthy must repay R106m to RAG liquidators
(DBN Subscription Required)

______________

Philippines:

Going ’Argentina’ after elections?
(DBN Subscription Required)

_______________

Argentina:

Back to 19th century, thanks to Argentina
(DBN Subscription Required)

US judge frees some assets in Argentina debt case
(DBN Subscription Required)

Judge rules against Multicanal holders
(The Deal: separate paid registration required)

_________________

Indonesia:

Foreign creditors stay away from commercial court
(DBN Subscription Required)

_______________

Korea:

Sale of Ssangyong Motor to Gain Momentum With Final Bid
(DBN Subscription Required)

________________

China:

China Banks on Reforming Rural Credit Cooperatives
(DBN Subscription Required)

_______________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com