September 16, 2004 

Daily Bankruptcy News

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Airlines:

Delta warns it may file for bankruptcy 'in the near term'
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Delta launches exchange offer to holders of $2.6 billion of outstanding unsecured debt securities and enhanced pass through certificates
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Delta To Issue $680M In New Debt Securities
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Delta's auditor airs doubts
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Delta CEO says pilot agreement not likely by week's end
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Airline's pilots in talks on retiring
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Auditors warn of Delta's troubles
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Delta pilots agree to talk on retirements
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Delta looks to be on the brink
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Alitalia gets ground staff deal
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Alitalia Delays Final Approval Of Rescue Plan To Sept. 20
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Italy Govt Readies Safety Net For Alitalia Layoffs
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Pilots' pay deal just the start of more changes
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Bonds to fund United terminal
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Nasdaq will suspend trading of US Airways shares Sept. 22
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Full Text Search US Air Pleadings
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Ala. Retirees' pension at risk
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Electronic Data Says Has $27 Million Receivables From US Air
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US Airways may ask for OK to cut wages
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US Airways faces tight schedule
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EDS: U.S. Air Bankruptcy to Cut Its Profits
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US Airways stock a test for investors who like risk
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Bankruptcy pinches the rank and file
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Santorum takes heat from unions
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US Airways Skips Pension Payments, is Chided By Federal Agency's Director
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Brazil Embraer suspends US Airways jet deliveries
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Boeing CEO Says Commercial Airplane Business On Upswing
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Corporate Reform:

Bridgeway Settles SEC Fund-Overcharge Probe
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U.S. states ease rules governing dynastic trusts
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Another Enterasys executive says 'guilty'
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A Hedge Fund Master Receives Unwanted Attention
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Wholesale outsourcing of shareholder activism and monitoring of a company's corporate governance obligations to independent specialists
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Stewart to Begin Serving Sentence Soon
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Quotes From Stewart's News Conference
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Shell's ousted chairman, Philip Watts, is seeking to challenge part of British regulators' findings in the Anglo-Dutch oil giant's recent energy-reserves scandal.
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Pension fund promises no longer a sacred pact
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Recent Going-Concern Statements
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Rep.: Bush trying to derail Amtrak
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Loan quality improved
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Only 2 Wedding World Stores Open Wednesday
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Aura Systems: $10.8M Recapitalization Transaction Signed, Includes Changes in Management and Board Composition
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SEC Probes WorldCom Creditor Actions
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Law:

Spotlight on Clifford Chance in Brobeck hearing
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Broker banned in Skadden insider trading case
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Baker & McKenzie turns to US for successor
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More clients ride Lovells' "Mexican-Wave"
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Seven up as candidates vie to secure Lovells top job
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The unsung heroes
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Dual Hire Boosts Reed Smith San Fransico
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US duo secure prestigious awards
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Paul Hastings Shakes Up Euro Management
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Metadata: Are You Protected?
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Asbestos:

US Sen Daschle Makes New Asbestos Settlement Offer
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US Sen. Daschle consents to $140 bln asbestos amount
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AFL-CIO opposed to Daschle's new asbestos compromise
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Debtors Avail Themselves of Trusts -- Section 524(g) of the Bankruptcy Code is increasingly used to protect against future asbestos liability
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European Stocks Gain; St-Gobain, Hanson Rise on Asbestos Accord
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Protesters Demand Asbestos Compensation From James Hardie
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Firm admits slow response to victims
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Axe will fall on Hardie directors
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James Hardie: Last 6 Months Extraordinarily Difficult
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Paint Co: Union Carbide Guilty In Asbestos-Related Suit
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New guidance out on asbestos-related ills
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5000 hit streets for asbestos rally
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Energy:

Calif. Bankruptcy Judge OKs About $450 Million in PG&E Fees
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National Energy&Gas to sell power plant stakes
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NorthWestern touts improving finances, warns of price hike
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Enron:

Edwards Compares Bush to Enron's Lay
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Adelphia Gets Up To $41m For Bonus Plan
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Frank's could begin liquidation sales next week
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Pittsburgh: Bankrupt country club mulls slashing dues
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Storm Forces Scotty's Into Chapter 11
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Attorneys seek more fees from Metropolitan Mortgage
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Courtney's Financial Calamity
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Grocery wholesaler Fleming's suppliers pay fines in accounting fraud
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Trump to use grace period on interest payment
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Brides unruly over stores closing
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JP Morgan to rehire 4,000
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Subpoenas issued in Illinois in probe involving telecom service firm
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Defunct Durham, N.C., medical technology company may arise again
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Texas Growth Fund pays to settle claims it mismanaged company into liquidation
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Chapter 11 trustee appointed for AmeriDebt
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Secured Creditor's 502(h) Claim Renders Avoidance Action Futile
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Arena hearing takes a timeout
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Accounting:

Bush help wanted on options
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IRS Predicts $100 Mln in Muni Bond Penalties
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Debtors' Possible Future Claim Against Professional Does Not Disqualify Professional From Representing Debtors
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Hockey:

Coyotes better off not playing
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NHL Locks Out Players; Season in Jeopardy
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Hockey lockout may shutter bars: DNC already hurt FleetCenter neighbors
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Commercial loan growth still weak
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Transfer of Proceeds Occurred when Transferee's Security Interest in Proceeds Attached
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Kare gets okay to prepare Santa Paula hospital business plan
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Debtor's Lawsuit Revests in Estate Upon Postconfirmation Conversion of Case to Chapter 7
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Attorney general warns of furniture retailer's liquidation sale
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UK:

Freshfields champions liability cause as Govt agrees to reforms
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Vics enter administration
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Spain:

Spanish lawyers get set for bankruptcy law shake-up
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Japan:

Bailout Agency to Audit Daiei Accounts, Government Says
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Korea:

Soldiers, Prisoners Eligible for Debt Reschedule
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South Korea's Corporate Bill Default Rate on Rise
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South Korea Corporate Bankruptcies Rise In August
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Argentina:

Argentina Main Indus Group:Severance Pay Limit Ban Worrying
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Zimbabwe:

Inflation rate dips to 314%
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India:

Government not taking Dabhol arbitration case seriously?
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China:

Sarbox, China Style
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