September 22, 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
Search prior headlines at: http://bkinformation.com/PriorEditionsSearch.html
Search prior New Opinions at: http://bkinformation.com/NewOpinions_Search.html
         

3rd Circuit: 'Healthy' Company Can't File Chapter 11
(DBN Subscription Required)

The bankruptcy economy
(DBN Subscription Required)

Enron:

First Enron criminal trial off to a spirited start
(DBN Subscription Required)

6 ex-officials face fraud charges in 1st criminal trial over Enron
(DBN Subscription Required)

Alleged side deal at heart of trial
(DBN Subscription Required)

Merrill Did Enron $7m Favor: Feds Say
(DBN Subscription Required)

Enron trial is about 'cheating and lying'
(DBN Subscription Required)

Enron Pressured Merrill in Deal
(DBN Subscription Required)

Alleged Enron Side Deal With Merrill At Heart Of Trial
(DBN Subscription Required)

________________

Reclamation Right Worthless Where Debtor's Assets Fully Encumbered
(DBN Subscription Required

Law:

Judicial Conference Cuts Deep and Wide, OK'ing Layoffs and Postponing Courthouse Construction
(DBN Subscription Required)

Where's the Class of '88?
(DBN Subscription Required)

Dechert hit with new partner departure
(DBN Subscription Required)

Latham names new co-leaders of global banking
(DBN Subscription Required)

Balking at Long Tenure Is No Ground for Jobless Pay Denial
(DBN Subscription Required)

NY Lawyer Turned Novelist Wins Final Round Against Ex-Boss
(DBN Subscription Required)

________________

Economy:

Fed boosts short-term rates, hints more to come
(DBN Subscription Required)

S&P Sees Sweet Spot in Credit Quality
(DBN Subscription Required)

August home construction tops analyst predictions
(DBN Subscription Required)

_______________

Interstate Bakeries Files for Bankruptcy as U.S. Diet Changes
(DBN Subscription Required)

IBC Files Chapter 11 Case; Receives Commitment for $200 million in DIP Financing; Tony Alvarez Named CEO
(DBN Subscription Required)

Priority Defeated by Ambiguity of Subordination Clause
(DBN Subscription Required)

Tobacco firms colluded to hide smoking risks, US lawyers say
(DBN Subscription Required)

US tobacco giants face possible threat of bankruptcy
(DBN Subscription Required)

Calif. Court Chops More off $3 Billion Award in Philip Morris Case
(DBN Subscription Required)

Integrated Telecom Express Announces United States Court of Appeals Decision in Bankruptcy Case
(DBN Subscription Required)

Citation Files for Bankruptcy Protection
(DBN Subscription Required)

Adelphia:

Adelphia Plans to Sell Assets in Clusters
(DBN Subscription Required)

Adelphia will consider break-up
(DBN Subscription Required)

Bidders Line Up for Chance at Adelphia Assets
(DBN Subscription Required)

_______________

Citation files for bankruptcy protection
(DBN Subscription Required
)

Sell in Bulk, Lose Farm. Sell Locally, and Watch Revenues Grow.
(NYT: separate free registration required)

Venerable Yacht Builder Tries to Regain Sea Legs
(NYT: separate free registration required)

NHL lockout: Wooing back fans could be a tough job
(DBN Subscription Required)

Limitations on Trustee's Strong Arm Powers
(DBN Subscription Required)

Money Laundering on Rise
(DBN Subscription Required)

Examiner Who Failed to Disclose Fee Arrangement Forced to Disgorge Compensation
(DBN Subscription Required)

4th Circuit Adopts Hypothetical Approach to Assumption of Executory Contracts
(DBN Subscription Required)

 

 

Airlines:

Contract flap cuts off Delta food service
(DBN Subscription Required)

AMR's Ex-CEO Blames Congress For Airline Industry Woes - Say Bankruptcy Laws Should Be Changed
(DBN Subscription Required)

Airline tightens salary screws
(DBN Subscription Required)

Panel of Unsecured Creditors Likely to Push for US Airways to Stay Aloft
(DBN Subscription Required)

US Airways may cut jet fleet
(DBN Subscription Required)

US Airways, dispatchers reach agreement
(DBN Subscription Required)

US Airways aims for $1.9 bln in new savings
(DBN Subscription Required)

Pilot pay would be cut nearly 20 percent under latest US Airways proposal
(DBN Subscription Required)

Delta pilots say they believed threat of bankruptcy
(DBN Subscription Required)

Fliers: Grounded by bankruptcy?
(DBN Subscription Required)

Bankruptcy Planning: Businesses spreading their flying among a number of airlines
(DBN Subscription Required)

Foreign investment in airlines?
(DBN Subscription Required)

________________

Asbestos:

Federal Mogul: Pensioners square up to US investors
(DBN Subscription Required)

Lack of trust poisons efforts to reform asbestos litigation
(DBN Subscription Required)

Suit alleges that 72 companies are responsible for his illness
(DBN Subscription Required)

Seven years of turmoil at car parts supplier
(DBN Subscription Required)

Owens Corning Asks to Consolidate Units
(NYT: separate free registration required)

James Hardie faces charges that money that should have been set aside to compensate victims
(DBN Subscription Required)

Beattie to back Hardie ban
(DBN Subscription Required)

GM settled ex-worker's asbestos suit
(DBN Subscription Required)

______________

Corporate Reform:

Judge says Stewart's sentence starts soon
(DBN Subscription Required)

Forstmann Little Agrees To $15 Million Settlement With Conn.
(DBN Subscription Required)

AIG Gets Wells Notice From SEC
(DBN Subscription Required)

Guilty Plea Seen in Computer Associates Case
(NYT: separate free registration required)

Does Scandal Pay?
(DBN Subscription Required)

______________

Accounting:

Need A Big Four Auditor for an M&A Deal? You're Likely Out of Luck
(DBN Subscription Required)

E&Y and Equitable battle over expert evidence
(DBN Subscription Required)

What's Fair in Fair-Value Accounting?
(DBN Subscription Required)

Rule Could Force Early Asset Booking
(DBN Subscription Required)

Auditors Cite Law, Drop Jobs
(DBN Subscription Required)

______________

Diocese set to split with its parishes -- Chapter 11 case makes assets major legal issue
(DBN Subscription Required)

Tucson diocese details prepack
(DBN Subscription Required)

Recent Going-Concern Statements
(DBN Subscription Required)

Knowing credit score is vital, say experts
(DBN Subscription Required)

Boston Ballet makes a financial turnaround
(DBN Subscription Required)

Judge hears arguments in Hilbert case
(DBN Subscription Required)

Judge puts off ruling on Conseco loans
(DBN Subscription Required)

SEC won't take action vs. Kraft in Fleming case
(DBN Subscription Required)

MCI Not Required To Cover Creditors' Legal Costs
(DBN Subscription Required)

 

 

 

New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Chief confirms MCI hired advisers amid rumors of possible sale plans
(DBN Subscription Required)

Chi-Chi's closes its doors
(DBN Subscription Required)

Schlotzsky's Exploring Potential Investors, Restructuring
(DBN Subscription Required)

Groups challenge Penn Traffic reorganization plan
(DBN Subscription Required)

Credit Cards That Scream - I'm Rich!
(DBN Subscription Required)

Former Farmland Industries' Chief Executive Can Make $7.4 Million Claim
(DBN Subscription Required)

Vernon Downs won't resume racing this year
(DBN Subscription Required)

Zyomyx cuts nearly entire work force
(DBN Subscription Required)

UK:

Accountants and lawyers prepare for epic clash
(DBN Subscription Required)

Power group in legal action
(DBN Subscription Required)

Brussels to back British Energy rescue as rebels keep fighting
(DBN Subscription Required)

British Energy on knife edge as it tries to stymie rebels
(DBN Subscription Required)

Business groups unimpressed with government plans for directors' and auditors' liability
(DBN Subscription Required)

_____________

Russia:

Yukos not to declare bankruptcy - Gerashchenko
(DBN Subscription Required)

YUKOS seeks to stave off bankruptcy
(DBN Subscription Required)

Crude Oil Is Steady as Yukos May Keep Biggest Producing Unit
(DBN Subscription Required)

Yukos chairman accuses state of trying to re-nationalise oil giant
(DBN Subscription Required)

Court Declares Another Russian Commercial Bank Bankrupt
(DBN Subscription Required)

_______________

Japan:

Daikyo, UFJ to take IRCJ rehab route
(DBN Subscription Required)

_______________

Argentina:

Trying to mend fences
(DBN Subscription Required)

Fixing the fund
(DBN Subscription Required)

_______________

Italy:

Parmalat plans to return to the stock exchange
(DBN Subscription Required)

_____________

Nigeria:

Politics of Debt
(DBN Subscription Required)

_______________

Hong Kong:

Far East appoints three directors as liquidation looms
(DBN Subscription Required)

_______________

Indonesia:

Indonesian Parliament Passes New Bankruptcy Legislation
(DBN Subscription Required)

______________

Thailand:

Thai TPI Polene To Submit Debt Plan Amendment Within 1 Mo
(DBN Subscription Required)

_______________

Germany:

Corporate Insolvency in Germany
(DBN Subscription Required)

_______________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com