March 22, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Asbestos:

Armstrong World Industries Requests Another Extension for Bankruptcy Plan
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State top 10 list
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Philip Morris USA Says Mississippi Ruling In Step With Law; Third-Party Tobacco Litigation Essentially Over
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Automakers see asbestos lawsuits rise
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Rise in asbestos claims threaten UK insurers
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Report says asbestos deaths growing into epidemic
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Law:

Lawyer overcomes life's trials
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Greenberg Traurig lobbyist's tab called stunning by clients
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Spendlove quits Ashurst for Fried Frank
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Think beyond networking for firm's growth
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Wynne appointed as new White & Case chairman
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Hogan & Hartson continues to expand at 'healthy rate'
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Post & Schell moves into futuristic offices
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Jailed Lawyer Accused of Drug Deals To Pay Firm Expenses
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Law firm fires 13 attorneys, 29 others, economy cited
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Ex-Lawyer for Former Miami Bank to Pay $220,000 in Settlement
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Technology propels law firm: Proprietary software aids efforts at Linebarger Goggan
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Firms Lend Money to People in Legal Disputes
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Court sides with Oracle on evidence issue --- Company's in-house attorneys to see sensitive rival data
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Scandal-Resistant
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Building clientele: Law firms are using marketing to grow their business
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Milberg Weiss role in stock-drop case questioned
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Electronic Discovery Puts General Counsel On Front Lines
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Value is one of keys to marketing a law firm
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The Outlook for 2004: A Recruiter Roundtable
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Quick and clean turnaround
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Bay Area law firms strive to make their rosters match the face of America
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Corporate Reform:

Poll Finds One-Third of American Investors Would Trade on an Illegal Tip
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Shredder sales soar in U.S.
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Global Crossing executives settle suits for $325 million, Simpson Thacher chips in
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Global Crossing Settlement Helps Some Pensions
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Mutual fund firms adding disclaimers
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US executive bonuses set to match boom levels
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As Its Ex-Bosses Await Their Fate, Tyco Continues Comeback
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Shareholder power reaches new heights
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Brokerage house agony now comes in smaller aches and pains
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Tyco trial jury will try again Monday
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SEC Gets Tough on Hindering Investigations
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Revolving doors and bad news in the boardroom
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Funds scandal still reverberating
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Accounting:

Thousands of IRS returns to go to India for processing
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Accountants prepare for the adoption of uniform international accounting standards
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Small Firms Committee Presses For Accounting Exemption
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FASB braces for fight
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IRS Opting Not to Go After Many Scofflaws
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Tax preparers facing much scrutiny
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NC Subpoenas Deloitte in Unemployment Tax Investigation

IRS unveils annual 'Dirty Dozen' list of top tax schemes
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Far more schools in fiscal peril
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Rough seas for scroll backers
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Aurora Emerges From Bankruptcy, Completes Pinnacle Deal
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Kmart gains on Sears merger rumor
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Balance due in age of easy credit
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Implant sufferers to finally see cash
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Rica Foods, Inc. Announces Debt Restructuring
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Aurora Foods exits Chapter 11, renamed Pinnacle
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Little Jefferson moving forward toward bankruptcy
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American pulls out of economic nosedive, but storm clouds remain
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Airlines:

United says focused on government for loan
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Fewer US Airways flights will cost businesses time, money
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US Airways Wins Loosened Loan Covenants
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Hawaiian: A turbulent year
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U.S. Subpoenas Airlines' Loan-Guarantee Documents
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US Airways, Without New Plan, Is Dead Man Walking
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Treasury eyes airline loan dealings
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An SEC panel also says it is weighing the recommendation of securities law violations against former Hawaiian CEO Adams
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Pension poker at Air Canada
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Air Canada Provides Update On Restructuring
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The Plane Truth About Airline Woes
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Steel:

Non-salaried Stelco workers granted voice
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Government should reconsider Geneva Steel sale
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Georgetown Steel may delay mill auction
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Havens Steel averts walk-off
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Kan. Steel Plant Likely to Reopen after Bankruptcy Filing
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Enron:

Saving Skilling from Skid Row
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Nevada Power Again Seeks to Overturn Judgment
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Traders talk of 'cha-ching'
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Specialists clean up the mess after bodies are taken away
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Energy:

NWC asks for extension to sell plan
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Council to discuss bid on NWC assets
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Telecoms:

ITC^DeltaCom issuing $300 million of debt
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WorldCom Is Told It Must Withhold Pay to KPMG
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Lending practices in mobile home industry questioned
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Ex-Global Crossing Officers Settle Suit
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Credit-card debt rising for many retirees
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Manufactured-home industry on the skids
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Accounts differ on why Broadway Cinemas failed; owners, bank point fingers
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Crisis management
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Former Carolina Investors chairman auctions off property
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Bogus lawyer convicted of bankruptcy fraud
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Wells Fargo, PG&E Unit Led Borrowers of $24 Billion Last Week
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Creditor want funds for Home Cable in escrow
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Safety-Kleen finds success after nightmare bankruptcy
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Debt Collections Industry Catches a Rebound
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Judge rejects anti-Harriet & Henderson motions
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More loses in store for Agway employees
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Agway plan leaves laid-off workers with no insurance
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American Plumbing & Mechanical, Inc. Finalized the Sale of AMPAM Atlas Plumbing, LLC
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Oregon firm is accused of running Ponzi scheme
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Claim says hundreds defrauded of millions
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Riversharks team gets more time for finances
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Footstar, Nike suspend debt fight
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Footstar: Nike's demand out of line
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Firm uses questionable tactics to collect bad checks
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Isle of Capri details casino financing
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Gaming Board member criticizes governor's call for investigation
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Argosy says casino bids too high
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Jacobson's to reopen this fall
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Allied Technology Group: Building a new future
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Adidas America executive sentenced in Just For Feet case
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Debt protection plans are all the rage
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Optimistic RCN rolls up its sleeves
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$100,000 approved for OneStar investigation
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HealthSouth insurers get day in court
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Hedge fund GMM put in bankruptcy
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Media 100 files for bankruptcy
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory (Updated)

Recent Ch. 11 Filings
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Weird News
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Anatomy of a Turnaround or How to Save Your Law Firm
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Troubled Thaxton Group to Focus on Small Consumer Loans
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Former Executive of Aventura, Fla., Investment Firm Gets Last-Minute Reprieve
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Mirage sold in bankruptcy auction, likely bound for Texas
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California Ponzi scheme snared pastor, others
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Geo Specialty Chem in Ch. 11
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Foreign trade deprives textile towns of hope
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Greenspan Supports Record Homeowner Debts as Prices Rise and Savings Fall
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Polaroid pays $3.2M settlement
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Gambling loss not constructively fraudulent transfer

How to stand up to bill collectors
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Couples must solve debt woes together
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156 schools to be placed on 'financial watch' list
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Women First firing entire sales staff, 7 others
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Rome Corp. assets may go up for bid
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UK:

Bankrupts face pensions payback
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Farmer's Diary
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UK set for key role in global company rescues
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Free to defraud
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Bank of India set to appeal against UK court ruling
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Ex-Leeds directors face probe
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Additional Leeds Stories

For a few dollars more
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Last-minute bid may help PPL avert bankruptcy
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BCCI creditors win £45m in India damages
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Equitable campaigners set for funding battle
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UK Lawmakers Grill Financial Secretary over Equitable Life Report
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Argentina:

Argentina's Paper-Money Mire
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Argentina GDP-linked debt won't include 2003 growth
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Italy:

Parmalat Prosecutors Accuse Auditors
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Plot thickens in Rome 'graves for favors' scandal
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Parmalat case reaches critical phase
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Parmalat: Creditors Can Present Claims To Court
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Parmalat Hungary Asks For Immediate Liquidation
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Italian judges to decide on Parmalat case this week
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Russia:

Securitization of Assets in Russia: A New Legal Framework
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Canada:

Domans at odds over future of firm
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A fresh start: Bankruptcy is no dead end
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Waterfront needs help desperately
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Lawyers take on Jitec probe
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Disagreement over Hollinger crisis loan
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Japan:

'Trillion yen man' wants his money back
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LDP lawmaker bankrupt after debt-guarantee fiasco
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AG Ajikawa Files for Bankruptcy With 16.4 Bln Yen Liabilities
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Ireland:

Firm publishes online credit stop list
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Korea:

South Korean 2003 Bank Earnings Fall 63% on Bad Debts
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Throwing Good Money After Bad
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China:

Companies sue Bank of China
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Singapore:

Getting the bankrupt back on their feet
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This 'bankruptcy grad' made $4.6m last year
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