November 10 , 2004 

Daily Bankruptcy News

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

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Airlines:

United asks bankruptcy judge to extend deadline for plan
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America West says it will bid for all of ATA
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ATA worth risk
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Both AirTran, Southwest covet ATA's 14 Midway gates
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Delta delays filing quarterly report with SEC
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Flyi Inc Says Bankruptcy A Possibility - WP
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The Airlines' New Solution To Pension Costs
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Airline expected to reveal fleet plan
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Airline union leader ousted
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ATA Airlines Announces Proposed $15.5 Million Financing
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ATA nears deal for DIP loan
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US Airways attendants union taps 'hard-liner'
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Unity airport in 'fragile' negotiations with Northwest
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Bigger burden on retirees
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Pittsburgh airport now has gates to spare
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EU raises doubts over Alitalia plan
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Forward Contract Exceptions to The Automatic Stay Are Narrowed
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Corporate Reform:

Life's A Beach
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GAO urges changes in financial regs
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Probe hurts brokerage's profit, workforce
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Regulators Probe Fund Trades at Bank of NY
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Small companies find new rules tough
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Insurance chief warns of global impact from Spitzer probe
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Twilight for 'Finite'? Regulators Turn Their Attention To Reinsurance Arcana
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11 ex-Schlotzsky's ordered shut down
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Consumer Credit Index Finds that Consumers are Burdened by Monthly Car Payments
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Tenth Circuit Clarifies Standards for Recharacterization and Equitable Subordination
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Catholic Dioceses:

Kicanas outlines financial resources
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Parishes advised to help fund sex abuse settlements
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Asbestos:

Federal-Mogul: US Court Will Talk With UK Court
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Hercules posts Q3 loss fueled by asbestos liabilities, to restate results
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Asbestos case that could stop "scan van"
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Ninth Circuit Clarifies Requirements For Filing Involuntary Bankruptcy Petition
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Lender changes terms delaying Aliquippa hospital bankruptcy departure
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WestPoint Stevens posts wider loss
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Your employer's bankruptcy-protection filing need not bankrupt your career -- Ailing employers can offer marketable experience
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Steel:

Bidding war expected as Russian steel giant launches formal offer for Stelco
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Canadian bankrupt firm be vigorous with help of Russia
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Law:

NY Restructuring Partner Dies
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Kirkland & Ellis International LLP to Open a German Office
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Spelling It Out in Plain English
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NY Bar Chief Switches Firms
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Ashcroft Resignation Has Washington Speculating: Who's Next?
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Firm Wins a Little More Time to Settle Dispute With Disgruntled Clients
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Firm Loses Major Client
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Strawberry Shortcake Steps In
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NY Partner's Hard-Fought Divorce Comes to a Messy Close
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Enron:

Jury finds sham cost Enron investors $13 million
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Enron Jurors Offer Assessment of Scheme
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Seen as 'pig' in Houston, Skilling wants trial moved
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Auto Industry:

Intervention Before Bankruptcy
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Accounting:

EDS to Seek Extension on Filing Results
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SOX Takes Toll on Client Ratings of Accounting Firm Performance
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FASB to Clarify Accounting for Tax Bill
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Accountant Gets Death Penalty
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Washington D.C.: Hospital firm's finances in doubt
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Pittsburgh: $17M bailout sought
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Prosecution in Morris case winds down case
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Morris lawyer attacks letter
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Bauer May Be Off Block
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Check Is in the Mail for Palm Springs Bondholders
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Golden Cleaners cleaned out
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Wet Seal Announces Agreement and Interim Funding From Investors
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Wet Seal CEO Resigns, Co. In Pact For Funding
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Loral Files Third Quarter 2004 Form 10-Q
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MTR to take over Binion's in March
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Toys R Us, toy makers join to fight Wal-Mart
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Revolving Credit Rebounds in September
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Adelphia:

Adelphia creditors submit own reorganization plan for bankrupt firm
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Adelphia Investors Sue Over Earnings 'Conspiracy'
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Creditors say Adelphia worth $17 bln, seek stock
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Adelphia Comments on Proposed Amendments to Reorganization Plan by Unsecured Creditors Committee
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Adelphia Mulls Proposed Amendments By Creditors
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Creditors Devise Fallback Plan if Adelphia Assets Aren't Sold
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Shake-up plan values Adelphia at $17bn
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The Call for Conversion: Courts Consider Whether Chapter 11 Liquidations Should Be Converted to Chapter 7 Cases
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Credit counseling agencies may soon be a thing of the past. The IRS has recently informed several credit-counseling agencies that they don't qualify as tax-exempt
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When Retirees Sue an Ex-Employer -- The daunting challenges faced by the oldest Americans, union and salaried, if they go to court on their own to recover health benefits
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IRS Acquiesces In Taxpayer-Friendly Bankruptcy Decision
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UK:

Europe to settle UK pension row
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Pensions fund too small, says government adviser
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Film-maker safe as tax man stops wind-up bid
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Court ruling could spell 'commercial disaster' for BHB
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Bankruptcies are booming
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Britain may hold healthy companies responsible for insolvent firms' pensions
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Russia:

Yukos May File For Bankruptcy On December 20
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Russia freezes Yukos' shares in Sibneft oil company
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State To Keep Yukos Afloat: Shafranik
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Philippines:

Manila stocks tumble on Moody's rating warning
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China:

China's sizzling loans
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D'Long Subsidiaries Bailed Out
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Argentina:

Argentina Banco Hipotecario Appeals Debt Offer Rejection
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