December 10, 2004 

Daily Bankruptcy News

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

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Airlines:

United workers' lives caught in holding pattern
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US Airways says cuts are needed to find investors
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US Air Needs Help To Exit Bankruptcy
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US Airways Profit Is Years Away
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US Airways talking with other investors
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U.S. carriers circle ATA Airlines before sale
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US Airways asks to outsource maintenance
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America West passes up bid to buy bankrupt ATA assets
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Bidding for ATA closes today
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AirTran, Southwest seek Midway gates
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Southwest Airlines Announces Additional Plans for Chicago Midway
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Battle for Midway could expand to other airports
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Air Polonia's bankruptcy was part of a conspiracy?
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Greece Hires Lazard to Sell Olympic Airlines, Invites Bids
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Accounting:

US Treasury To Issue Ethics Rules For Tax Advisers Soon
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Big Four Accounting Firms Steering Clear of Risky Business

Trucker, Tax Preparer Sued for $350M Fraudulent Tax Schemes

Business Growth Continues to Fuel Demand for Accountants

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Buyers' interest in Adelphia "robust"
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CEO expects resolution of Adelphia's future by April
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Adelphia sentencings moved to February
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Ohio sets new lawsuit limits
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Senior "delighted" bankruptcy takes down travel scammers
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Kmart Seeks To Break Footstar Contract In Court
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FTC shuts down debt collection company
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Firms' duty to a bankrupt customer is gray area
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Recent Going-Concern Statements
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Enron:

Former Enron President Skilling Seeks to Name Names
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Steel:

Supreme Court rejects union insolvency challenge of Stelco creditor protection
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Stelco comments on Supreme Court decision denying USWA locals leave to appeal
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Law:

No Consensus Yet on 2005 Hiring, Associate Raises
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Clifford Chance Offer Scuttled in Brobeck Bankruptcy
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Is Winston & Strawn's Chairman on the Hot Seat?
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Former Firm Leader Donates $5 Million to His Law School
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M&A Heats Up
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Firms Sue Each Other Over Fen-Phen Fees
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Controversial U.S. Senator Will Join Firm
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Corporate Reform:

SEC May Reject Audit Board's $153 Million Budget, People Say
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Government shuts private bank it calls tax shelter
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NASD Fines Sigma Financial, Suspends Executive Over Frivolous Suits
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Grasso Case to Be Heard in New York State Court
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SEC probes auditor's link to fund trustees
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St. Paul Travelers Subpoenaed On Malpractice Plans
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Bay State biz, individual bankruptcies declining
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Athlete's Foot files for Ch. 11
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Athlete's Foot opts for Ch. 11
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Odessa, Texas, businessmen take over deli chain
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Pepco Taking Immediate Legal Action to Prevent Mirant's Unilateral Attempt to Abrogate Contractual Obligations
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Patent Sale Shrouded In Mystery
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Utah ranks 10th in foreclosures
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Trump eliminates committee formation threat by paying four creditors
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Trump pays trade vendors early
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Court Rejects Credit Panel In Trump Hotels Bankruptcy
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Does bankruptcy benefit Trump?
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Diocese: parishes separate
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UK:

Tougher times at British Energy
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Singapore:

China Aviation Unit Broke Rules, Gets More Time for Debt Plan
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Standard Chartered Asks for China Aviation Oil Case Details
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Oil firm's wisdom turns to folly
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China Govt Awaiting Resolution Of CAO Singapore Losses
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Canada:

Bailing out a rusting giant
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Korea:

Kolon Group Undergoes Painful Restructuring
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Italy:

Finmatica seeking creditor protection
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Parmalat Judge Sees More Delays Amid Meetings With Bondi
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Parmalat Revenue Threatened By Juice Factory Shut Down
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Russia:

Chretien criticizes Russia's treatment of Yukos
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Yugansk Buyer Will Assume Old Loan Liabilities
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