April 2, 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)  at: http://bkinformation.com/News/DailyNews.htm

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

Battle for WCI Company, lenders push own plans
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Higher steel prices squeezing small manufacturers
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Steelworkers cancel demonstration as Ivaco adjourns bonus proposal
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Steelworkers save Hamilton plant: revised agreement ratified with Delaware Street Capital
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Slater union agrees to 10% wage cut
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Officials mum on steel mill bids
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Havens deal progresses
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Telecoms:

Short on cash, ICG says drastic measures possible -- bankruptcy eyed
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Level 3: Dial-Up Not Dead
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Carl Icahn: Telecom Baron
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EU Judges Grill European Commission on WorldCom
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Energy:

PG&E bankruptcy plan accounting measure approved
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Corporate Reform:

Voice of experience offers help, for a price
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Martha And Dennis: The Jurors We Deserve
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Judge won't drop charges against ex-Adelphia execs
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Stewart Team Challenges Juror's Truthfulness
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Focus Is on Syndicated Loans in Adelphia Case
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Governmental Units Not Forward Contract Merchants
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Bankruptcy court case pits Vanderbilt against investors
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NY Bankruptcy Partner Switches Firms
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Michael Reese Hospital reorganization plan likely to be OKd
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GE to keep AstroPower in Delaware

Dan River:

Dan River Inc. Receives Court Approval of First Day Motions
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Positive emergence from bankruptcy isn't easy
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City of Pittsburgh oversight board haste urged
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Hale-Halsell's 'emergency' hearing delayed
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Businessman's Investments in Shaky Manufacturing Firms Pay Off
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General Chemical Industrial Products Inc. Completes Reorganization Under Chapter 11 of the U.S. Bankruptcy Code; Closes on $17.5 Million Revolving Credit Agreement
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Maxwell Shoe Company Files Complaint against Jones Apparel Group
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Hurdle for Rosemont casino is near end
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Credit, equity derivatives post big growth in 2003
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As Las Vegas Casino Reopens, Many Workers Struggle with Unpaid Medical Claims
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Airlines:

UAL muni airport bond case unlikely to hurt market
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Court endorses Hawaiian Airlines trustee proposal
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Pension concession sparks union furor
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Machinists union's head office files complaint over Air Canada pension deal
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Air Canada vows to defend pension deal "vigorously"
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Air Canada unions eye other investors
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US pension reform crisis comes to head with vote Friday
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Negotiators reach accord on pension bill
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Spiegel says it may liquidate or be taken over
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Law:

Hiring outlook improves among law firms
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Latham boosts NY bankruptcy group
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Large Law Firm in Downtown Milwaukee to Add More Office Space
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High Debt and Housing Costs Limit New Lawyers' Options
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Strategic Technology Helps Win and Keep Clients
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Enron:

Club fees out of bounds for indicted ex-Enron exec
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Stick with Lea Fastow deal, prosecutors ask
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Bankruptcy drop has skeptics
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Payday-loan customers risk big debt for fast cash
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More unemployed workers give up, quit looking for job
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The Donald dishes it out
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Senate Panel Approves Shelby's Fannie, Freddie Bill, Includes Receivership Provisions
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Feds to Fannie: Shut Up
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Erpenbeck gets 30 years
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RCN says it anticipates filing for Chapter 11
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RCN Continues Financial Restructuring Negotiations; Extends Forbearance Agreements with Senior Lenders and Noteholders' Committee
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Maverick doctor facing license revocation after bankruptcy fraud conviction
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Jamestown, N.Y.-Based Furniture Maker to File for Bankruptcy Protection
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Bush Industries wins interim DIP
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Casino execs defend Isle of Capri bid
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Healthsouth, Bondholders Both Hope For Change Of Heart
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Eastern's debt, sale a legal transition
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Tuft group gets Doctors Community
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Retiring debt
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What Am I Bid for Children's NY Christmas Memories?
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New Bankruptcy Opinions
(5 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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The Expanding Scope of Lender Liability
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Be Extra Careful With Your Credit After A Bankruptcy
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Commercial Financial Services Turns off Lights in Tulsa, Okla., after 5 Years
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Samuels Jewelers Inc. Announces Plan Confirmation
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Jackson stuff Web site shut down
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Maine Paper Mill to Resume Work after Idle Year in Bankruptcy
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Kaiser Aluminum Loses $788 Million in 2003
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UK:

Bankrupts threat to credit cards
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Ministers remove insolvency stigma
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New laws introduced as bankruptcy levels hit record high
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Bankrupts face 15-year blacklisting
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Melrose set to walk away from Mayflower
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Ireland:

The Implications Of The Eurofood Judgment Of March 23, 2004
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Canada:

Considerations In Canadian Commercial Leases
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White Rose declares bankruptcy again
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Local consumer bankruptcies remain high in February
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Italy:

Italian Clubs Get UEFA Deadline
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Bank denies Bondi claim
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Australia:

Elliot art nets $960k
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Reynolds Wines directors to be sued
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Ansett creditors report on Friday
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Ridge company goes under
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Gutnick in sights of Centaur liquidators
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South Africa:

CNA's liquidators win approval to move on Absa
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Liquidators face wrath of court
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Thailand:

TPI's Debt Plan To Give Creditors 90% Share Stake
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Korea:

Soured Small Business Loans Hit Banks
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