September 28, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Adelphia:

Time Warner, Comcast Mulling Adelphia Bid
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Time Warner, Comcast eye joint bid for Adelphia
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Adelphia Can Keep Breakup Fees Secret
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Adelphia reports loss; sets bonuses
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Former Adelphia CFO Hires Well-Known Lawyer For Appeal
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Asbestos:

Outlook Dims for Asbestos Reform in Senate
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New laws to speed up ASIC's Hardie inquiry
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Hardie chief stands aside
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Halliburton Sees $30M 3Q Charge From KBR Restructuring
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Court limits asbestos claims to those who are sick
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Enron:

Ex-Top Aide Begins Testifying In Enron,Merrill Barge Case
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Judge confident he found an impartial jury
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Exec tells how Enron bigwigs schemed for profit
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Barge deal helped Enron stay afloat
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NatWest bankers face Enron extradition hearing
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Kopper Puts Fastow In Bogus Merrill-enron Deal
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Judge To Hotelier: Forfeit $45m For Hiding Assets, Bilking Creditors
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Dealing with the Pension Bomb
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Thaxton Group allowed to sell assets
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Trump misfires in the boardroom
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SSG Capital cinches up Appliance Controls asset
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Last of Roberds sites sold
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Ignorance is not bliss when it comes to knowing credit score
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Former judge Pazuhanich files for bankruptcy
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Housing boom threatens American dream
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Exodus of managers raises questions about Charter
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Office items auctioned to pay National School Fitness debts
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Higher Costs, Less Care Force Many Into Bankruptcy
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Fed Downplays Fears of High Consumer Debt
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Alvarez will get $3.85M if IBC avoids liquidation
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Will the Spirit of the Twinkie Live On?
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Gitto/Global files for bankruptcy
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Lancaster, S.C.-based lending firm readies for judge's bankruptcy ruling
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San Diego: Roberts says he'll push unions to drop benefits
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Chevy's explores reorganization
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Penthouse Announces Care Concepts I, Inc. Rescinds the iBill Closing and Delays Acquisition
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Former owner wants to block Kaiser purchase of bankrupt hospital
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EU Court Overturns Bar on WorldCom Merger
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Black Diamond pushes for examiner
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American Restaurant Group, Inc. Reaches Agreement With Noteholders To Deleverage Its Balance Sheet
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Airlines:

US Lawmaker Seeks Analysis Of UAL Pension Situation
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United: Denver cost-cut model
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Fitzgerald warns of United pension default
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Pensions grounded?
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Airline to lose 2 gates at airport
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No pay cuts, no US Airways
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US Airways Faces Life-Or-Death Hearing Oct 7
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US Airways asks to cut pay
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US Airways, two unions meet on proposed $38 million cost cuts
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US Airways cuts 308 more local workers
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$10 jump in airfares falls apart
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Judge approves Hawaiian-Boeing lease
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Delta stock hits new low
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Delta Expected to Announce More Moves to Reduce Costs
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Air Canada says it's ready to soar
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Air Canada a pig that may fly for investors
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Air Canada places US$821M order with Bombardier
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Airline traffic soars but airlines to lose billions this year: IATA
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EU Says "Still Waiting" For Alitalia Information
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Law:

High Court Clerks Bemoan 'Bush v. Gore' Revelations
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Wanted: law firm to sue the UK's big five banks
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N.Y. Lawyers Dig Deep for Kerry
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UK Firm In Mass Raid On Rival
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Kirkpatrick implements management change to San Francisco
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CA former general counsel charged in accounting scandal
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NY Lawyer, Firm Accused of Malpractice by Brokers
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Tearful Attorney Takes the Stand In Own Defense
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Entry-Level Hiring Rebounds
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Timing Costs Firm Fee - Appeals court says promissory note signed under duress
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Testa Hurwitz names managing partner
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GE counsel tops list of in-house high earners
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Zurich cost-cutting sees global review of advisers
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Mayer Brown Rowe & Maw's London partners have been on a premium since the merger
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Banks' Law Firm Panels Limit Client Choices In Litigation Against Banks
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Corporate Reform:

SEC has snared $2.6 billion going after companies
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FASB foes could stall options rules
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Stewart Gets Her Federal Inmate Number
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Inside the CA Investigation
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Monsour cancels pension fund check
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Mirant, US Admin Reach Deal Over NOx Pollution Charges
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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'Church not broke,' Kicanas tells flock
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Declared Suitor Sells Its Stake In MCI
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Accounting:

Recent Going-Concern Statements
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Fannie Mae to boost reserves by several billion
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Fannie Downplays Deal; But Accounting Changes Impact Is Big
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UK:

Employees' claims against insolvent insurance companies may take precedence over other claims
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'Unfit to be a director'
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Collapsed claims giant TAG's former employees are seeing life from the other side as they try to claim through no win, no fee
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EasyScreen warns of possible insolvency
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UK watchdog turns up heat on bank conflicts, risk
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Italy:

Banks' Role Eyed in Parmalat Scandal
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Parmalat's new management and Italian prosecutors are looking at the role of Citigroup and other banks in the firm's collapse
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Poland:

Banks drive hard bargain as Daewoo-FSO seeks help
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Raw deal for Pozmeat shareholders as executives file bankruptcy papers in court
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South Africa:

Fourth Leisurenet boss arrested
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Austrian gets R500 000 bail in LeisureNet case
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Japan:

Daikyo hoping for 176.5 billion yen in aid from creditors
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France:

Euro Disney shares suspended from trading pending announcement
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Euro Disney, Lenders Reach Accord on Debt Restructuring
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Korea:

South Korean card firms in fresh battle for revival
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Russia:

Yukos Unit Evaluated for Sale to Pay Bill
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Yukos Denies Head Of Exploration And Production Has Fled
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Trader Pushes BP Unit to Declare Bankruptcy
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Australia:

ASIC urges companies to act early to avoid insolvent trading
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Thailand:

Thai banks will see bad debt fall sharply in petrochemical restructuring
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Informal vote affirms restructuring plan for Thai Petrochemical Industry
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