October 4 , 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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Prospective Buyers Ask Oglebay Norton Liquidation
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Enron:

Chief financial officer of Enron steps down
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Ex-Enron Accountant Faces More Questions
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Asbestos:

Congoleum Corporation Seeks to Retain Substitute Bankruptcy Counsel
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Asbestos lawsuits create U.S. legal crisis
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Career, firm built on asbestos cases
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Asbestos litigator defies stereotypes
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James Hardie asbestos deals
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Hardie finally accepts grim reality
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Are awards really too high in asbestos deaths?
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Telecoms:

Phone firm's victims
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Fired apprentice aiming for Trump?
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Corporate Reform:

A town waits for Martha
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Feds begin criminal probe of Fannie Mae
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Corporate America, stop the games
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SEC Attorneys Urge No Delay In Fund Independence Rules
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Is the SEC About to Ease 'Quiet Period' Rules?
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Energy:

PG&E bankruptcy bill at $450M
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Pension problems highlight other issues at Monsour
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The looming national benefit crisis
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Interstate Bakeries' woes date to '95
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Hedge-fund manager buys 7.3% of Interstate Bakeries' stock
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IBC: "Scratching our heads over where the company is right now"
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Attack of the killer carbs
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Bedding maker WestPoint Stevens to shut down plant, lay off 300 workers
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equired)

Icahn in WestPoint lead
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Vendor Participation in Friedman's Secured Trade Credit Program Exceeds $15 Million
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Schlotzsky's, Inc. Sets Date for Annual Shareholders Meeting
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Frank's Nursery favoring slow-go liquidation
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Michigan-based Frank's lawn, garden retailer closing, costing 2,800 jobs
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Good news for Hoover's victims
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Airlines:

Fuel costs provide another obstacle in US Airways' flight path
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Panel: US Airways Violated Mechanics Deal
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Pilots union leaders recess until Tuesday
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US Air, pilots inch toward deal
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US Airways pilots weigh 18 percent pay cut
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Mesa Air Group Sr Management Gets 23% Salary Cut
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N'west CEO faces struggle
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Northwest Airlines CEO Steps Down to Join UnitedHealth
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Aer Lingus chief's survival guide
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Pilots Union Undecided on US Airways Deal
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A Delta bankruptcy could cost TIA hundreds of jobs
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Analyst says new Air Canada a good short-term buy, but be careful
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US Airways pilot union reps delay action
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Airline coping with 71 retiring
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Of oil and airlines
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Law:

Opt-Outs Threaten Settlement of Jenkens' Tax Advice Suit
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Setting Up Shop: Choosing Office Space
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Lawyers get a 'firm' handle on recruitment process
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Vinson & Elkins LLP opens Tokyo office, expands in China
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Steel:

Appeals court rejects steelworkers' argument for shutdown payments
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Steelworkers serve 90-day strike notice on Stelco Lake Erie division
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Housing boom is bust for many consumers
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Austin: Wooleys hold downtown 'fire sale'
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A world-renowned New York cancer-research institute has gone broke and abruptly closed its doors
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More tension over pensions
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At IMF, U.S. bows to pressure to forgive debt
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Ex-Wet Seal CEO says she wants to bid for retailer
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Massey completes purchase of Horizon mines
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Cerberus has it its way -- Cerberus has it its way
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Recent Going-Concern Statements
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Recent US Earnings Restatements
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New World Pasta loses extension bid
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Ex-CEO, competitor bid for Maxim
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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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Accounting:

Accountants struggle with liability insurance pricing
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Ga. business bankruptcies increase 16%
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'Financial bridge' under great structural stress
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Who 'slips out the back' when bankruptcy arrives at the door
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UK:

Downbeat surveys point to rates being kept on hold
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Text sack boss' toff school
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100,000 pounds debtor's suicide prompts credit curb calls
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Jarvis: Signals that went unheeded
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Lady Archer's PA broke
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Italy:

Milan Prosecutors Start Hearings to Secure Parmalat Indictments
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Judge ready to start Parmalat hearings
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Ex-Parmalat CFO Reportedly Blames Tanzi
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Banks targeted by Parmalat seek settlement
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Argentina:

IMF Says Court Fight Over Argentine Bonds May Get Nasty
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Argentina to Move Ahead With Debt Restructuring
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Argentina TGS Unveils New $1.02B Debt Restructuring Deal
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Israel:

Bankrupt Yossi Olmert travels abroad despite promise to court
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South Africa:

Loan sharks making a killing in South Africa
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Japan:

Companies upbeat, unemployment eases as Japanese economy recovers
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Canada:

Creditors of bankrupt N.B. paper mill meet
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