December 13, 2001  

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)  at: http://bkinformation.com/News/DailyNews.htm

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

         
Enron:

Banks, bondholders join Enron creditors panel
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Andersen chief defends role in Enron mess
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Enron Unveils Restructuring Plan
Centered on Pipeline, Power Assets
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Enron bankers ready for lengthy auctions
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When bad stocks happen to good mutual funds: Enron could spark new attention to accounting
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Former Enron CFO emerges, doesn't say much
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Enron plans $6bn firesale
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Institutions dominate Enron creditors committee
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Auditors on trial
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Enron Lays Out Asset Sale Plans as Auditor Testifies
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Enron's collapse has contaminated other energy merchants
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Avenging the Enron Around
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Enron 366 bankruptcy hearing postponed
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Energy Companies Face Pressure to Reconsider Debt Policies
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Texas PUC chairman discloses multiple roles at Enron
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Dynegy Strives To Distance Itself From Enron
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Enron Responds To Andersen Congressional Testimony
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Enron Chairman Promises Creditors He'll Work to Rebuild Fallen Giant
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Analysts' Failure To Forecast Enron Collapse Defended
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Enron plans asset sales; gets auditor flak
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Enron Lobbied Hard to Limit
Oversight of Trading Operations
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SEC Says Fastow Frustrating Investigation
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Enron collapse does not threaten banks
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Enron Dive Called 'Morality Tale'
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US Trustee Appoints 15-Member Enron Creditor Group
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Enron Auditor Takes Some Blame
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Auditor tells panel firm must change
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Kinder Morgan Energy buys pipeline stake from Enron
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New Online Power Exchange Tries to Fill Void
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Shell Eying Enron Assets
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Enron's collapse probed - Accountant tells Congress his firm was kept in dark by possible illegal acts
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Cause of Death: Mistrust - Unanswered Questions Led Dynegy to Cancel Enron Merger
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Fastow Activities Approved By Board - Says Atty, David Boies
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A tale of two Enrons - Legislators, execs paint Enron differently
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Dynegy Suit To Gain Enron Pipeline Moved to Federal Crt
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El Paso to Sell Assets, Put $2 Bln in Debt on Books
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While Enron hopes to be out of bankruptcy within a year, analyst dubs titan's fall a ''morality tale''
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Cornyn wants Enron case in Houston
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Fallout From Enron Continues to Take Toll on Power Sector
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(cont. in col. 2)

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  Law Firm Restructuring:

Weil Gotshal Sets Year-End and Retention Bonuses
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Weil, Gotshal & Manges Memo
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Sullivan & Cromwell Bonuses Match or Top Cravath's
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Associate Pay Cut Is Called "Brilliant"
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Carve-out dispute delays C2 Media unit sale
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Bankruptcy Court Confirms Sale of ABC-NACO Assets to TCF Railco Acquisition Corporation
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Jore scrambles to meet deadlines to stay in business
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Steel:

3 Companies May Be Interested In Buying LTV
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International dismay as Bush gets ready for curbs on steel imports
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One Family's Tale of Recession
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Steelworkers lobbying Congress to save LTV jobs
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Steel Company LTV's Retiree Health Care Benefits Remain Safe for Now
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Ottawa to decide 'very soon' on $50M loan guarantee for Algoma Steel
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Steelworkers Union Offers to Help Reduce Operating Costs
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Bankrupt LifeSteam to Lay Off 196 Houston-Area Workers
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Telecoms:

Not so Settled Settlement: Nextwave Hits Roadblock
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Telergy must aid customers' move to new provider
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House GOP Seems to Back NextWave Deal, But Reluctance in the Senate Could Kill It
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SOS Wireless Files for Bankruptcy Protection
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Pros And Cons Mount For NextWave Deal
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____________________

KPS and Pegasus Complete Purchase of Genesis Worldwide Inc.
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Asbestos:

The Long Shadow of Asbestos
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State asbestos bill for Crown Cork faces final vote
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State House passes a bill aiding Crown Cork
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______________________

Three Phar-Mor Executives to Get $1.25 Million in Bonuses
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Creditors Say Former Kentucky Governor Shouldn't Be Excused from Debts
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Concord: Employment promising for workers misplaced by Hopkins’ bankruptcy
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Bankrupt Netcentives Assets Picked Apart
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Chicago-based Lemidi seeks bankruptcy protection
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Enron (cont.):

J.P. Morgan And The Enron Tar Baby
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Enron Creditors Form Negotiating Body
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Cornyn wants Enron case in Houston
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Lawmakers Probing Enron Call for More Analyst Scrutiny
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Enron To Cut Management By One-Third
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SEC Considers New Disclosure Rules
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________________

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Wilmington's top gun
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DIP Dimensions: Pillowtex Corp.
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Covad deal threatened
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Power Utilities:

PG&E seeks to speed settling bankruptcy claims
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CalEnergy Files Third Edison Lawsuit
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____________________

Bankruptcy Reform:

Circumstances Halted Momentum for Bankruptcy Reform Bill
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Financial Legislative Update, Including Bankruptcy Reform
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Wall Street Showing Resistance To IMF Bankruptcy Plan
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_________________

Suit Says Shapiro Helped Hide Assets
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Equity Holders May Come Up Empty In Bridge Bankruptcy
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Parent Firm of Columbia, Mo.-Area TV Affiliate Struggles To Avoid Bankruptcy
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Restructuring . . .

American Express slashing more jobs - Financial firm plans to cut an additional 5,500 to 6,500 workers
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ICL computers plans to cut up to 1,500 jobs amid disappointing results
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_____________________

DOJ won't appeal SunGard's Comdiso buy
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Bankrupt Citrus Company Golden Gem Growers for Sale
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Fed Approves Predatory Lending Rule

Sure Save Super Market close to emerging
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Former Executive at Mercury Finance Charged with Insider Trading
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Airlines:

Midway Airlines' Comeback Creates Commotion
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Midway Airline's Holiday Tickets in High Demand Second Time Around
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___________________

Credit Suisse IPO Settlement May Hurt It in Civil Suits
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Bass Family Sells Its Warnaco Stake
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Bankruptcy filings - Easy credit contributes to record-setting problem
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Australia:

Aussie Watchdog Sues One.Tel
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_____________________

Canada:

McWatters emerges with restructuring: Mining managers take salary cuts of up to 20%
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__________________

England:

Railtrack investors get ready for legal fight as Byers breaks off talks
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_________________

France:

Marine Communications to file for liquidation
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_______________

Poland:

Dozens of WSE Listed Firms Now on Verge of Bankruptcy
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