December 8, 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
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Airlines:

United hopes Senate grants pension relief
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United's bankruptcy: A year later
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Hawaiian: Is trustee hitching free ride?
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Hawaiian Air gives employees $3M bonus
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Court filings reveal tales of Hawaiian
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It's time to reconsider merging Hawaiian and Aloha
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US Air Seeks Lower Costs to Fight Cut-Rate Rivals
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Air Canada restructuring in stretch run
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Cerberus bid much richer, creditor says
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Minority shareholder wields major power
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Air Canada's Monitor Recommends Court Approve Li Agreement
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Li's bid for Air Canada loses backer
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Trinity favored for Air Canada takeover
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Stakeholders want access to Cerberus proposal
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Air Canada awaits key decision
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Air Canada disagreement turns nasty
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Delta and Pilots Start Talks on Concessions
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Energy:

PG&E plan in trouble / Utility's bankruptcy settlement faces opposition at PUC
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PUC members likely to vote against PG&E bankruptcy plan
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PG&E Plan Restricts Regulators
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Calif. seeks PG&E pact changes
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PG&E utility bankruptcy plan seen still on track
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State energy regulators object to PG&E's bankruptcy plan
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Calif. Court OKs $1.5B El Paso Energy Deal
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NRG to Sell Bonds on Speculation Borrowing Costs Set to Rise
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Bankruptcy sparks suit against TXU, others: TCE claims TXU and others manipulated the energy market; TXU emphatically denies suit's allegations
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Enron:

Enron bankruptcy examiner says BofA helped with improper deal
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Enron Canada suits exceed $500M
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Enron Report Raises Questions about Lawyers' Watchdog Role
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Clayton CEO: Most Oakwood jobs safe
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PwC Predicts New Wave of Restructuring in Financial Services
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Global economy stings workers
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Statutory Remedy Not Automatic Entitlement of Reclaiming Seller

Nuke plants fail to put aside funds, cleanup cost shortfall if bankruptcy occurs
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National Warranty bankruptcy trickles down to local customers
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Happy holidays can mean staying out of debt
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Globe Metallurgical Seeks To Add To DIP Loan From MI Cap
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Judge Reduces Liability for Insurer of Lexington, Ky., Accounting Firm
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The Tuition Trap
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Memphis Habitat homeowners lead nation in bankruptcy, losing homes
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Chapter 13 bankruptcy epidemic has erased much of Habitat's impact in Memphis
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Houston: Tax office gets tougher on delinquent businesses
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Daughter's Credit Blemishes Can't Simply Be Bought Off
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Conseco:

Ex-CEO's mansion imperiled
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Conseco files $3 billion mixed shelf
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Lawyers rekindle Conseco litigation
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  FAO:

FAO farewell draws nostalgic deluge
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Shoppers mob FAO Schwarz after bankruptcy filing
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FAO Schwarz Name Could Get New Life After Chap. 11
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FAO Collapse a Loss of 'Something Special' for Marketers
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Harbeck to head SIPC
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Telecoms:

C&W agrees sale of US operations
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Cable/Wireless Uses Bankruptcy to Exit US
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Cable & Wireless to Sell U.S. Business; Shares Surge
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Cable & Wireless reveals US exit
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Global Crossing to Emerge From Chapter 11 This Week
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TelCove creditors try legal gambit
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Steel:

Steeled for meltdown
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Big Steel Sees an Iffy Future
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The Surprising Strength of Steel
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WCI seeks more time to reorganize
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Republic Engineered Accepts Perry Bid
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The Logic of Bush's Twisty Steel Policy
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U.S. Steel Plants Set Sail to China
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Corporate Reform:

SEC votes unanimously to enforce its own rules
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Inside Putnam: Reform or Damage Control?
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Keeping Companies Safe from Scandal
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Law:

Ex-law firm employee faces fraud charge
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The NYLJ 100 for 2003
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You'll make your case stronger by cutting out what's unnecessary
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Ex-Schnader Partner Expected to Plead Guilty to Fraud Charge For Taking Payment From Opposing Side
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Federal Courts Brace for Layoffs
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Tis the Season to Ask Clients to Pay Up
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Service firms buzzing with investigative work
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Brobeck's Books Show Some Drew Big Pay as the Ship Was Sinking
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Mintz Levin nears renewal of lease at One Financial
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Top Firm Closes Satellite
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Women step back from top jobs
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Executives displeased with outside professionals' services
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Name Changes for Top UK Firm
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Judges Offer Advice On Handling Client's Perjury
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Cost crunch is killing the middle class
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`Pork' projects swell spending bill by billions, but bankruptcy reform not on agenda
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We Bought - You Can, Too
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Court forces bankruptcy on Magic Valley Foods
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Billionaires need to read the small print
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Economy:

Job Growth, Intel Disappoint
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Eurostocks Hit by U.S. Jobs Alarm
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The IPO market is poised for its most active period since the height of the tech-stock boom
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November Jobs: What Wall Street Missed
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Don't overestimate the default swaps market
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Giant Eagle swoops in on Big Bear
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Inheritances may disappoint boomers
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Loan losses delay CIB Marine quarterly report: FDIC, Illinois regulators examining records
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Netbeam Emerges From Bankruptcy
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Accounting:

CPA Billing Rates
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Court Rules IRS Must Disclose Tax-Exempt Rationale

Canada Follows U.S. Lead With Strict Independence Standard

New York accounting group eyes Florida expansion
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Alterra Emerges From Bankruptcy; Announces Closing Of $76 M Equity Investment
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There's no stopping Two-Buck Chuck
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National Benevolent Association defaults on loans, bonds
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UK:

Soaring debt needs tighter credit checks
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Why do we need new credit laws?
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90% of businesses unaware of corporation tax reform proposals

Credit law to end pain of small print
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Drax creditors to go it alone
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Got an overdraft? The bank probably owes you

Sheikh Makes Leeds Offer
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MyTravail
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Cap Gemini E&Y beats EDS on tax IT contract

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Australia:

Get over it, Carr tells jobless lawyers
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Netherlands:

Hagemeyer in cut-price cash call to ensure survival
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Canada:

What's a student to do come payback time?
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Towns meet to plan Skeena court strategy
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Debt-ridden production company presents plan to repay creditors
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Korea:

Bailout of LG Card fails to dispel the fears of creditors
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After a Charging Spree, S. Koreans Face the Bill
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Japan:

Japan stares into the abyss as pension cash runs low
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Govt may fund banks that fail BIS criteria
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Japan's Takefuji says embattled chairman resigns
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Promise may post Y17 bln loss on early retirements
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France:

Chirac Denies Opposed Executive Life Deal
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Opponents push Chirac on Executive Life deal
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Pakistan:

CIRC okays strategy to settle bank default cases
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Iraq:

Bush recruits Baker to push for debt relief
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