December 19, 2003 

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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Asbestos:

Insurers rail at Halliburton units
(The Deal: separate paid registration required)

Recusal question sent back to Wolin
(The Deal: separate paid registration required)

Halliburton will finish asbestos settlement in March
(DBN Subscription Required)

Halliburton auditors warned of overcharges
(DBN Subscription Required)

Interview with Halliburton CEO David Lesar
(DBN Subscription Required)

Solutia Close To Getting $75M In Bankruptcy Financing
(DBN Subscription Required)

Retiree Benefits Are Key to St. Louis-Based Solutia
(DBN Subscription Required)

________________

Bankruptcy Ruling On Huge UST Bill Could Cost Debtor
(DBN Subscription Required)

Telecoms:

Qwest wakes from its slumber
(DBN Subscription Required)

Qwest Jumps Into the Business Fray
(DBN Subscription Required)

Qwest's Allegiance bid signals strategic shift
(DBN Subscription Required)

MCI Announces Allocation of Note Maturities And Extension of Expiration Date for Election Forms
(DBN Subscription Required)

CTC bought out of bankruptcy by Columbia Ventures
(DBN Subscription Required)

_______________

Former CEO of Fila USA to plead guilty to Just Foir Fett conspiracy
(DBN Subscription Required)

Cash-strapped KB Cuts Payments To Toymakers
(DBN Subscription Required)

Executive Life:

Crédit Lyonnais fined $100m for breaking rules
(DBN Subscription Required)

Lyonnais, others to pay $771M in Exec Life case
(DBN Subscription Required)

__________________

Stationery wholesaler closes, laying off 50 workers
(DBN Subscription Required)

Credit reforms won't help immediate buys
(DBN Subscription Required)

Microsoft hoping to bankrupt e-mail spammers with legal action
(DBN Subscription Required)

Economy rises but bonuses won't show it
(DBN Subscription Required)

Corporate Reform:

Alliance agrees to pay $600 million penalty
(DBN Subscription Required)

New leader of NYSE an insider
(DBN Subscription Required)

Critics welcome new NYSE CEO, but want more reform
(DBN Subscription Required)

New year promises more drama in trials of corporate wrongdoing
(DBN Subscription Required)

NYSE Names New Chief Executive, Anticipates 'Embarrassing' Report

Humbled
(DBN Subscription Required)

Late Trading and Marketing Timing; The Latest Wave of Claims Against Financial Institutions
(DBN Subscription Required)

__________________

Copperweld Announces Emergence From Bankruptcy
(DBN Subscription Required)

Accounting:

Stock options to be an expense after Jan. 1: Canadian Accounting Standards Board
(DBN Subscription Required)

Andersen integration boosts profits at Deloitte
(DBN Subscription Required)

_____________________

Payday Lending 'Debt Trap' Siphons $3.4 Billion From American Borrowers Each Year
(DBN Subscription Required)

A Kauai-based firm promises to eliminate credit obligations using loopholes
(DBN Subscription Required)

Skunk train to ride again - Tiny railroad buys Mendocino County icon out of bankruptcy
(DBN Subscription Required)

Gadzooks struggling to stay in business
(DBN Subscription Required)

Debt Soaks Future of Petals Inc.
(DBN Subscription Required)

 

Energy:

PG&E finance plan approved / Customers to pay for bulk of settlement
(DBN Subscription Required)

Blank check for PG&E
(DBN Subscription Required)

The PG&E Bankruptcy Settlement - Bailout makes case for public power
(DBN Subscription Required)

State regulators approve PG&E bailout
(DBN Subscription Required)

Court Approves Bid by Suburban Propane, L.P. to Acquire Assets of Agway Energy
(DBN Subscription Required)

USGen Creditors Prepare Certificateholder Proofs of Claim
(DBN Subscription Required)

_____________

Enron:

Enron Creditors to Get Recovery Boost
(DBN Subscription Required)

Govt not to pay Dabhol claims
(DBN Subscription Required)

KPMG blasts examiner's report
(DBN Subscription Required)

UK standards would have prevented Enron
(DBN Subscription Required)

________________

Airlines:

United applies for loan backing
(DBN Subscription Required)

Boeing to keep finance unit that lends to its customers
(DBN Subscription Required)

Boeing's Finance Unit: Fuel for Scandal?
(DBN Subscription Required)

United seeks loan amid new inquiry
(DBN Subscription Required)

Air Canada confirms 90 aircraft order from Bombardier and Embraer
(DBN Subscription Required)

Mizuho threatens Air Canada board again
(DBN Subscription Required)

Air Canada's Judge Clears Way for Li to Raise Offer
(DBN Subscription Required)

Creditor may sue airline's directors
(DBN Subscription Required)

Upkeep of United base is an increasing burden
(DBN Subscription Required)

Bankruptcy buyer likely to move Midway planes
(DBN Subscription Required)

U.S. Begins Investigation of United Airlines
(NYT: separate free registration required)

The Official Committee of Unsecured Creditors of UAL Corporation Comments On United's Update to ATSB
(DBN Subscription Required)

_________________

Law:

Trial Adviser Working on Her Own Case
(DBN Subscription Required)

Many Pennie & Edmonds Lawyers Joining Jones Day
(DBN Subscription Required)

Firm at War with Itself
(DBN Subscription Required)

NY Judge's Indicted Clerk Wants His Boss to Stand Trial First
(DBN Subscription Required)

_________________

Steel:

U.S. Steel bids for bankrupt Rouge
(DBN Subscription Required)

Incentives offered to buyer of Rouge mill
(DBN Subscription Required)

U.S. Steel to bid for Rouge
(The Deal: separate paid registration required)

Weil, Gotshal is Counsel to Republic Engineered Products In Sale to Perry Strategic Capital
(DBN Subscription Required)

Owen Steel’s assets to be sold
(DBN Subscription Required)

________________

Elamex Subsidiary Precision Tool, Die and Machine Company Files for Chapter 11 Protection
(DBN Subscription Required)

CART:

New CART owners eliminate Miami race
(DBN Subscription Required)

Road America: CART Breached Contract
(DBN Subscription Required)

_________________

Wesley Clark says jobs aren't coming back
(DBN Subscription Required)

Shuttered Irvine, Calif., Mortgage Company Owes Customers, Employees
(DBN Subscription Required)

 

New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Farmland Co-Op's Retirees to be Paid for Insurance Cancellations
(DBN Subscription Required)

Kaplan rice mill files for reorganization
(DBN Subscription Required)

New Aberdeen federal bankruptcy courthouse named for Cochran
(DBN Subscription Required)

Three former Lason executives face more charges in fraud case
(DBN Subscription Required)

UK:

Bank of England Suggests Consumers Can Cope With Debt
(DBN Subscription Required)

Festive season bankruptcies to soar
(DBN Subscription Required)

Moody's issues report on U.K. credit card industry
(DBN Subscription Required)

_____________

Canada:

House arrest overturned for welfare recipient - Debtors' prison outmoded
(DBN Subscription Required)

Out of fashion
(DBN Subscription Required)

Doman Industries gets extension of bankruptcy protection to Jan. 23
(DBN Subscription Required)

Buck or Two franchisee in Atlantic Canada to propose creditor settlement
(DBN Subscription Required)

________________

France:

Soros Leads Group Forcing Rhodia to Pay Bonds Early
(DBN Subscription Required)

________________

Italy:

Parmalat Board Meets as Bank Contests $4.9 Billion
(DBN Subscription Required)

Parmalat reveals 4-bln euro hole in accounts
(DBN Subscription Required)

AFLAC Sells Investment in Parmalat
(DBN Subscription Required)

Financial woes for Parma
(DBN Subscription Required)

Parmalat Auditor May Make Statement Friday On BoA Account
(DBN Subscription Required)

Parmalat Crisis Worsens As Cash Vaporizes
(DBN Subscription Required)

Parmalat's U.S., U.K. Investors Hire Advisers
(DBN Subscription Required)

__________________

Australia:

Kaye withdraws restructuring proposal
(DBN Subscription Required)

_______________

Korea:

Survey shows S Korea consumers less gloomy in Q4
(DBN Subscription Required)

___________________

Germany:

Germany Delays Approval Of Amendment To Mortgage Bank Act
(DBN Subscription Required)

_________________

Mexico:

Mexico's TMM Creditors Agree to Swap of New Bonds
(DBN Subscription Required)

___________________

Thailand:

Planners abandon Prachai negotiations Value of TPI Polene assets in question
(DBN Subscription Required)

_________________

Iraq:

Japan govt may forgive some of Iraq's debts
(DBN Subscription Required)

Blair Backs Cutting Iraq Debt; U.K. Owed About $2 Bln
(DBN Subscription Required)

Russia to Ease Iraqi Debt
(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. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. 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 at admin@bkinformation.com 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 at admin@bkinformation.com 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 admin@bkinformation.com