October 1 , 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Airlines:

US Air, pilots near deal on 300M in cuts
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Key pilots balking as cost-cut deal nears
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US Airways, unions race clock to avoid big cut in pay
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More distress seen for large US airlines --experts
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Airline to be under more scrutiny due to financial troubles
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Big airlines feel pinch from system they created
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Delta Execs Fend Off Suits Over Stock Plan
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Air Canada Exits Bankruptcy After 18-month Reorganization
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Tasman Pacific Airlines In Receivership
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Enron:

California's Claims Against Enron Must Stay in N.Y. Bankruptcy Court
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Accountant testifies he lied about Enron barge deal
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Decision in two weeks on UK Enron extradition case
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Court Decision Has Troubling Implications for Netting Under the ISDA Master Agreement
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Asbestos:

James Hardie Holds Productive Funding Talks With Unions
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Courtney Love sued over unpaid bills
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Love Saddled With Financial, Legal Woes
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Frank's sale begins long exit
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Lawn and garden retailer preparing to close; 2,800 jobs to be lost
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Wedding World Delivers In Spite Of Bankruptcy
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Parmalat aims for damages in trial
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FDIC Director Warns Banks That Support Payday Lenders
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Judge delays trial for former Carolina Investors chairman
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Sydran Group to sell all of its Burger King holdings
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Judge lifts stay on sale of Horizon
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Recent Going-Concern Statements
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Recent US Earnings Restatements
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NBACC auction set for Nov. 19
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Icahn in WestPoint lead
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ARG files its Ch. 11 pre-pack
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Grocery union sues over WorldCom bonds
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Buyer of bankrupt De Vivo plans to lay off 45 employees, close plant
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How to repair your credit after filing for bankruptcy
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Four Tenet Healthcare hospitals in Orange County, Calif., sold to new firm backed by former KPC Medical principal
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Kmart's muscle much reduced in wake of bankruptcy
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Firm buys 7.3% of IBC stock
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How Do You Repossess a Whole Country?
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Law:

2004 Associates Survey: What Makes Midlevels Happy?
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A Winning Formula -- Arnold & Porter midlevels praise the D.C. firm for its fringe benefits, family-friendly policies and pro bono opportunities
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Having a Life, Too -- A relatively relaxed attitude toward billable hours and management openness help keep midlevels at Arent Fox happy
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A lockstep pay scale and equal numbers of partners and associates keep things collegial
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Orgies are the way to ease tensions, claims US S.Ct. judge
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Many attorneys resort to bill padding but few admit to it
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Lawyers join the scramble for Olympic medals
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Although hailed for speeding settlements, summary jury trials still seek acceptance
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Lawyers for 9/11 Families Must Explain unusual Fees
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Senate Opens Hearings on Lobbyists for Tribes
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US Supreme Court Transcripts To Identify Justices
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A Decade As A Solo
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Nation's top judge reaching 80, still invigorated by the job
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Corporate Reform:

Proving Accounting Fraud at Fannie Mae May Be Tough
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SEC sues two former Clarent execs, alleging financial abuses
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Feds aim to squish Scrushy
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SEC Charges Raymond James with Fraud
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El Paso added to Iraq oil probe
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SEC's Glassman: Too Soon To Tell If Sarb-Oxley Is Overkill
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SEC Inspections Yield More Referrals
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Accounting:

KPMG is Facing Possible Restrictions in South Carolina
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Davenport Diocese contemplates bankruptcy over sex abuse suits
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Bishop Says Abuse Scandal Could Force Diocese into Bankruptcy
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Citigroup says bond trade was "knuckle-headed"
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Citigroup, Morgan Stanley Funds Bought Sinking Client Shares
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Space Imaging dealt blow, survival in question
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Plan emerges to ease consumers' PMI pain
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Wine dealer arrested on 21 counts of French wine fraud
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Ruling on property search favors IRS
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Fair Grounds gets new exec
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Auto supplier Intermet files for bankruptcy
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Intermet files for Chapter 11, cites steel costs
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Kaiser says court OKs smelter sale terms extension
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Pension fund gets $111M in WorldCom case
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Takeover of insolvent Florida insurer sows confusion
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Disbarred Lawyer Sentenced In Conspiracy To Defraud Creditors
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UK:

Owners face misery of mortgage but no home
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Higher costs hit British Energy
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Fears over new bankruptcy rules
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Canada:

End of the line for Canada Payphone Corp.: investors pick up 2 cents a share
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Creditors of bankrupt Nackawic mill to meet
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Korea:

Debts of Credit Defaulters Top W100 Tril.
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Japan:

Japan's Jobless Rate Drops to 4.8 Pct.
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Iran:

Investors hit by Islamic funds collapse
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New Zealand:

Liquidators of Tasman Pacific pay another 10c div
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Australia:

Gympie Gold sale nearly complete
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Creditors line up for bite at Media World
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Singapore:

S'pore gets consumer credit rating system
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Indonesia:

Court invalidates US$500m APP unit bonds
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Spain:

Spanish shipyard workers blockade traffic in renewed strike against shipyards threatened with bankruptcy
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Argentina:

Argentina Court Rejects Bankruptcy Petition Vs Transener
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China:

China warns against asset-stripping in SOEs
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Russia:

Yukos' shipments to China are suspended
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South Africa:

August liquidations fall by 36.0%
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Thailand:

Thai TPI Polene To Hold Mtg On Debt Extension Plan In Nov
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TPI founder finally faces the music
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Poland:

FSO Faces Specter of Insolvency
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