March 24, 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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Jackson sues over bankruptcy 'property sale'
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Top Court Aids Collection of Partnership Tax Debts
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High Court: Partnership Can't Evade IRS On Technicality
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Asbestos:

Judge: No grace for Grace
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U.S. asbestos bill to Senate April 19--Frist aide
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Environmentalists say state letting asbestos maker off easy
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James Hardie welcomes asbestos inquiry
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Telecoms:

Judge Approves WorldCom Deal With Oklahoma
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C&W has good day in court
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KPNQwest Bankruptcy Report Seen Issued Before Summer
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Law:

PCB plaintiffs in Alabama angered by millions paid to lawyers
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Clifford Chance partners give thumbs up to expulsion move
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Changes at Firm Have Associates Sending Out Resumes
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Young Lawyers See Bleak Future
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Piper Rudnick wins some and loses some in real estate drive
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Lawyer Killed In Iraq Called a "Rising Star"
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A porn star with a law degree has drawn unusual interest to the proceedings of a Pennsylvania court
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Fee Fight in $18 Million Settlement Could Widen
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Federal courts cut staff, hours
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Jones Day loses partner to Hogan & Hartson
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Corporate Reform:

Adelphia founder kept property deeds after sale, ex-aide says
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Witness: Rigases Sold Land Already Sold to Company
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Execs Entitled to Coverage to Defend Civil Suit
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Insurers must cover Adelphia defendants
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Unfinished but ready to enter Chapter 11
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Bankruptcy judge's OKs town's bid for utility
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For '03, Indiana's bankruptcies rose, ranking fell
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Hale Halsell bankruptcy
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Pennsylvania's bankruptcy rate rose slightly in 2003
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Ford: Repossessions Down in Jan., Feb.
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Trustee seeks Erpenbeck renters
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Rose Garden:

Creditors cry foul over Rose Garden payout
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Creditors raising a fuss about arena payout
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Steel:

Creditor Challenges Weirton Sale Rules
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Steel The Boss
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Ivaco says bankruptcy protection period extended
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Havens Steel threatens to close down if no deal
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Airlines:

Carty joins group bidding for carrier
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Hawaiian Holdings Chairman Picks Carty for Airline Role
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US Airways Employees to Hear Plea for Cuts
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Executive pay down at Delta
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Still struggling, Swiss reduces loss
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Air Canada restructuring could fail, judge warns
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Avianca future more optimistic with new partner
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Accounting:

SEC to Take Hard Look at Off-Balance-Sheet Disclosures

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Hevesi Slaps Subpoena On State Insurance Department For Refusing To Disclose Info On Payments of Millions to Private Law Firms In Insurance Insolvency Cases
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'Alarming Abuses' In Credit Counseling
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Some credit-counseling firms predators
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Debtor rip-off scrutiny is urged
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Idaho agency controls insurance subsidiary of bankrupt Spokane company
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Medicare may be insolvent by year 2019
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Safescript staggers into Ch. 11
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BofA's Lewis under pressure to restore bank's credibility
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Bank of America Names New CFO, Investment Bank Chief
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Court OKs LTWC Corp Chapter 11 Liquidation Plan
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Winn-Dixie seeks PE investor -- The supermarket chain's ownership family fears losing its fortune in a bankruptcy filing, bankers say
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Senate Draft GSE Bill Includes Receivership Provision
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Revlon Debt Swap Buys Time, But 2005 Debt Deadline Looms
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Kaiser says minimum bid for Alpart auction set
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Indebted Lextron files for Chap. 11
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City nears bankruptcy deal
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Cases Against Rodriguez to go Forward Despite Bankruptcy
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San Francisco Firm Offers to Buy Part of Troubled Drink-Dispenser Maker Lancer
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It's official: Adelphias divorced
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Adelphia Is Drawing Admiring Glances
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Clear Thinking Group's Myers Named Liquidation Consultant On BSI Holding (Formerly Bob's Stores) Chapter 11 Case
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory (Updated)

Recent Ch. 11 Filings
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New - DBN Subscription Required)

Weird News
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Palm Springs Bond Default Heads Toward Happy Ending
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Division of Wendy's Well-Positioned in Bidding for Bankrupt Doughnut Chain
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Sega GameWorks seeks lease relief -- wants to separate so-called tenant improvements from its leases
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UK:

Credit cards may improve tax collection
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Revenue weighs credit card option
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Sacked Stars Want 50K Pay-Out
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Bank of England deputy governor hints at rate rise to curb spending
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Defendant acquitted in Versailles trial
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Pick A Card - But Not Just Any Card!
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Bank warns of debt-led crash
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Canada:

Risking bankruptcy, AGO warned
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Interfor plans to improve offer for Doman assets, bankruptcy monitor reports
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Black's Hollinger avoids bond default
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The Committee of Independent Directors of Les Boutiques San Francisco Incorporees Awards a Broader Mandate to Richter and Retains PricewaterhouseCoopers as Financial Advisor
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Italy:

Judge Rejects Fast-Track Parmalat Trial
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BofA says did not know about Parmalat hole early
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Korea:

Ssangyong Motor Creditors Strip Lanxing of Preferred Bidder Status
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Argentina:

Argentina promises progress on debt
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Argentina to Make Debt Offer by Aug., Raise Rates
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Argentine creditors wary ahead of debt talks
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Australia:

Govt out to crack down on sham bankruptcy
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Pan liquidator mulls CEO lawsuit
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Masterton timber company goes into receivership
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Bulgaria:

Bulgarian Managers Fear Bankruptcy upon EU Entry
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Thailand:

Thai TPI Completes Draft Of Amended Debt Plan
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