October 15 , 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 cites high cost of fuel in court status report
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United hopes debt plan will fly
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Northwest pilots union weighs deal
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Merger report sends shares of ATA higher
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Delta to give some creditors a better deal on debt exchange
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Northwest, Delta talks make headway
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Delta Air Lines Sees Loss Mushrooming
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Delta, unions said to be near agreement
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Delta Expects 3rd-Quarter Loss of Up to $675 Million
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N'west, pilots union cut deal
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US Air Given More Time To Use $745m
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Union: Pay cuts not key to US Airways survival
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Court yet to rule on US Airways pay cut
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Union: US Airways wants to cut flight attendant pay to 1982 level
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US Airways bankruptcy testimony continues
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Carrier's pay cut request ripped
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Southwest Airlines reports profits up 12%
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Loss Deepens in Revision by Alitalia
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ATA's future on shaky ground
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South American Airlines Face Bumpy Ride Amid Legal Woes
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Peru Grounds LanPeru Airline On Court Order
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Telecoms:

Verizon Wireless in talks to buy NextWave airwaves
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AT&T and MCI May Be Cheap, But No One Is Buying
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INTERMET Announces Plans to Close Machining Plant
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Kaiser Alum Fights Jr Noteholders Bid To Elevate Claims
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Loral granted extra time to submit bankruptcy papers
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Debt Settlement and Debt Negotiation Industry Forms New Trade Association
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Credit Counseling Industry to Hold Roundtable on Standards
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Bush Industries To Emerge From Bankruptcy Around Oct 31
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Commerce One Seeks Court OK To Auction Assets
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Recent Going-Concern Statements
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Special fee auditor to be appointed in National Benevolent bankruptcy
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Bankruptcy court clerk taking helm of state lawyers' association
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Crisis management moving up on the boardroom agenda
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Bank of America Net Up on Consumer, Fleet
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Bankruptcy Preference Defense: Expert witness vs. expert witness
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Study finds disparity in mortgage rejection rates
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Enron:

UK bankers may face U.S. trial over Enron
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No Merrill buyback pledged
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Enron defendant recalls barge deal doubts
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Law:

The Urge to Merge
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For Nader Ally, Defeat Inspires Next Big Cause
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Merger Hunting Firm Sees Heavy Hitters Come and Go
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Lawyers Struggle to Mesh Law, Faith
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Firm, Partner Sued Over Ex-Associate's Golden Parachute
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Courtney Love and law firm to try settling dispute out of court
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After Fire, NY Firm Sign Three New Leases
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Firm Loses Two Leading Partners
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Firm Hammered in Builders Case
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High-Living Lawyer Faces Long Prison Sentence
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Steel:

Troubled Stelco fights to keep GM
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Steelworker leaders amazed at Stelco Inc.'s inability to hold on to GM
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Stelco CEO mum on possible takeover talks
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Russian steelmaker eyeing Stelco
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Why Russia's steel giant is eyeing Stelco
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Bethlehem workers still paying -- Bankruptcy problems don't end as some retirees face COBRA losses
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Accounting:

State insurance commissioner sues accounting giant
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FASB urged to test stock options
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Deferred-Compensation Plan Gets a Break on Taxes
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Big Four shop for Sarbox talent
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Investors try again to block auditor liability gap
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Corporate Reform:

2 AIG executives enter guilty pleas in Spitzer inquiry
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SEC leader says some resist reform
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New York Attorney General accuses insurance giants of fraud
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Former Rite Aid officer gets 10-year prison term
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Capitol Hill decks its halls with dubious tax breaks
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Hollinger: Court Allows Filing Of 2nd Amended Complaint
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SEC Proposes Rules to Eliminate IPO Abuses
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NHL could be doing irreparable damage
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Tax man chasing Ronald Isley; deposited dead brothers cheques, IRS alleges
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Northwestern Corporation Negotiating to Enter New $250 Million Credit Facility
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Met Mortgage auditor sued for professional negligence
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INTERMET Lenders Approve Cash Collateral Extension
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UK:

Rising steel price puts jobs in peril
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Unions back T&N pensions lifeline
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T&N pension players are waiting for wild card
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Lifeline for Federal Mogul pension workers
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Turnaround expert to head up Jarvis
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Jarvis investors turn fury on 'arrogant' Norris
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Canada:

Debt survey worries bankruptcy lawyer
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Japan:

Japanese corporate bankruptcies keep falling
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Daiei Another Day -- Japan's Zombie Lives On
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Daiei fix followed twisted path
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IRCJ begins assessing struggling Daiei's assets
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IRCJ seen dividing Daiei into 2 units
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IRCJ in spotlight on Daiei case
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Daiei President Takagi says to resign next Fri.
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Firms lied to get state loans: board
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Russia:

Yukos plummets on low sale report
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YUKOS: We offered options to gov't
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Russian Govt undervalued Yukos asset, bank says
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Yukos Unit Denies Reports Of Oil Output Cut
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Korea:

Hanaro, Dacom Draw Battle Lines for Thrunet Sale
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Singapore:

Singaporeans in debt
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More over-40s find themselves among bankrupts
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Germany:

Schroeder Hands Off of Corporate Woes
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Intense talks work out Karstadt rescue plan
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KarstadtQuelle sees job cuts, pay freeze as way out of crisis
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Hong Kong:

Hong Kong Bankruptcy Filings Fall To 3-Year Low In Sep
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