December 27, 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Bankruptcy Reform:

JP Morgan, HSBC See Victory on Personal-Bankruptcy Law Changes
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Airlines:

US Airways Delivers Bags After 'Meltdown'
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UAL Writing the Book on Chapter 11
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Firm cries foul in ATA case
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Misery piles up at US airports
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Southwest Airlines: A study in rapid ascent
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Computer Problem Grounds Comair Holiday Flights
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Distressed airline industry will battle fuel, labor costs in 2005
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Sick calls strand thousands
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Airport, airline slammed by holiday travel mess
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Worker Shortage Snarls U.S. Airways Flights
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Independence Air Weighs Offer From United
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Union Agrees to New Deal With US Airways
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More problems for airlines seem likely
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Traditional pension is endangered species
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Asbestos:

Finally, a Chance To Clean Up The Asbestos Mess
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Legal costs new front in Hardie fight
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Asbestos suits decline in Madison County
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A court full of sad human stories
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Last stop for Lionel trains?
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Loral shareholders win one victory, press for more
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A Matter Of Interest
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New-home sales plunged in November -- Slew of economic data show steady, unspectacular growth
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Jessup Cellars may file Chapter 11 bankruptcy to keep creditors at bay
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Stand pat & wear a barrel; it often beats bankruptcy
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Small Company Is Specializing in Suing Banks
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Attorney general seeks Dougherty's ouster -- Nixon says National Benevolent Associations's president, board have breached fiduciary duties
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Friedman's tries to dig itself out of debt, corporate afflictions
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Bettman's Vision for the N.H.L. Did Not Include Labor Strife
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40M charge puts former IBC exec into retirement
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The Economy: Five Wild Cards For 2005
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"Totality of the Circumstances" Test Should Be Applied in Determining Whether Fee Arrangements Have Been Pre-Approved
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Yukos:

Yukos Sale a Mix of Pomp, Bureaucracy
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Russia's risky business
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Russian Shell Game
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Yukos Oil Unit Sold at Auction
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Putin Defends Yukos Unit Sale; Says `Perfectly Normal'
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The Strange Yukos Sale
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Kremlin takes back control of Yukos: The fate of the oil giant exposes Putin's re-nationalising agenda
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Law:

Revealing the Soul of a Soulless Lawyer
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Judges: U.S. wastes millions on courts
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Why Some Politicians Need Their Prisons to Stay Full
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Bonuses: Will Eastern Windfall Move Westward?
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Mentors Conjure Career Magic
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DC Associates Cash in at Christmas
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Beantown Bonuses Blossom
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Accounting:

Adelphia Files Restated Finances With SEC
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Ernst & Young settles for $125 million in Superior Bank matter
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IRS Accepts Settlement Offer on Contingent Liability Tax Shelter
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Europe prepares for accounting standards
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Recent Auditor Changes
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Corporate Reform:

Naughty Or Nice?
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'You're fired?' How about, 'We're tired!'
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Spitzer, in a Shift, Will Yield Inquiries to U.S. Regulators
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Spitzer Affirms Tough Tactics
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Insurer's failure left patients' bills unpaid
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Penn Traffic sells warehouses for $37 million
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Trump hotels arranges post-bankruptcy financing
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Trump sued over bankruptcy exit plan for Trump Hotels
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Court gives initial approval for Trico's bankruptcy
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Bankruptcy looming for mortgage firm
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U.S. Company Bond Sales Reach $639 Bln as Borrowing Costs Fall
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Take the time to fix credit report
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For Retail, Book Still Open on 2004
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Holiday sales rose 8.1% from last year to exceed expectations inside the retail industry
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Adelphia Announces DIP Loan Amendment
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NextWave Modifies Reorg Plan To Enhance Potential Payouts
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Spitzer gets 11M for Norvergence scam victims
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ARMs could cause harm eventually
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Payday fallout: Senator wants lending restrictions
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Bankruptcy Petition Filed Solely in Order to Take Advantage of Section 502(b)(6) Was Not Filed in Good Faith
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Foreign Insolvency Proceeding that Discriminates Against US Creditors is Not Entitled to Recognition in the United States
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UK:

Lifeline for Jarvis as Tube Lines sold
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Jarvis to shock market with 250m losses
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Investors in the dark as they were exposed to greater risk
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Rising debt spurs bankruptcy warning
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Xmas fever sinks "New Europeans" deeper in debt
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Argentina:

Argentina's recovery defies odds
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Korea:

LG Card hit by bailout standoff, maturing debt eyed
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Creditors Threaten Tough Measures Against LG Card
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Italy:

Parmalat owes Australian banks $358m
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Parmalat's Tonna Reaches Out to the Public
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Wells Fargo Is Biggest Parmalat Creditor
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Canada:

VoiceIQ wins stakeholder and bankruptcy-court approvals in restructuring plan
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Industry ban for Valentine
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Singapore:

Lessons from the CAO scandal
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India:

Till debt do us part
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Brazil:

Brazil approves bankruptcy reform bill
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