July 16, 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
Search function repaired: Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Enron:

Court approves plan that will end Enron
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Former trader, banker reach settlements
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Enron Employee Committee Statement on Enron Bankruptcy Plan Approval
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Bankruptcy ending for Enron, but scandal not
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Ex-Enron executive's sentencing delayed
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Enron name to vanish as plan to exit bankruptcy approved
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Bankruptcy reorganization plan approval has little effect on PGE
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The new Enron at a glance
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Enron's bankruptcy exit okayed
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Judge approves plan for Enron
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Ex-Enron chief says fair trial now 'difficult'
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Enron boss loses friend in high place
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Law:

'Inflammatory' Closing Leads to New Arson Trial
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Reed Smith lawyers in Harrisburg joining Wolf Block
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Telecoms:

He has the gift of turning lemons into lemonade
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MCI Shareholder Says It Would Consider Selling
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Customers of bankrupt NorVergence face phone shutoffs
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KPMG MCI fee request hits $162M
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Head of WBC says agreement reached to keep it afloat
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Citi banks on 5B to handle legal claims
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Helping seniors keep their homes: Counselors can aid elders facing money problems
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Creditors seek Portland, Ore., arena firm inquiry
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Oglebay Norton Closes on $305 Million Debtor-in-Possession Financing
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Firm Takes $38m P'house Stake
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Troy: King fuel company files for bankruptcy
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Court Approves First-Day Orders for A.B.Dick Company
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Catholic Dioceses:

A diocese filing bankruptcy; why not?
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Northern California priest molest lawsuits head for trial
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Atradius Acquires Debt Collection Agency
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Three of the Nation's Largest Nonprofit Hospital Systems Charged With Failing to Provide Government-Required Charity Healthcare to Uninsured Patients
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Healthcare costs contribute to bankruptcy growth in Washington
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Judge orders auction of gun company
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Potential company investors take a first-hand look at Color Arts
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Allegheny County asks Chi-Chi's to pay for hepatitis shots
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Court OKs Chi-Chi's $2 million in hepatitis settlements
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PBCG rejects Georgetown Steel plan
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Asbestos:

Senate's Frist Wants $140 Billion Asbestos Fund
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Medical miracle defies asbestos statistics
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9/11 Memo Reveals Asbestos 'cover-up'
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Asbestos plan may mean ban
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Airlines:

Jazz flight attendants ratify cost-cutting deal
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Southwest Airlines' chief announces retirement
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Southwest Air Misses Expectations Amid Rising Fuel Costs
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American Furloughs 123 Pilots, Effective Oct. 1
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US Airways chief turns up the heat
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Airline arouses pension fears
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Delay in pension payout sets off alarm at United
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Two more US Airways unions agree to negotiations
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Government Battles to Keep AirZim, NRZ Operational
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Air Canada Provides Update on Restructuring
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Hawaiian Airlines irks creditors, IRS
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Solutia pitches exec-pay package tied to recovery
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Corporate Reform:

Ex-Tyco GC Belnick Acquitted of All Charges
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Ex-counsel for Tyco acquitted of securities fraud
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Judge to deliver Stewart's sentence today
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Stewart Loses in Attempt to Affect Sentencing
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Martha Stewart turns to her latest status symbol, a trial guru
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Martha Stewart Will Seek Community Service at Sentencing Today
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Credit rating of EDS junked
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EDS Comments on Moody's Downgrade
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Marine bankruptcy leaves local subcontractors with losses
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Economists say latest figures a temporary setback
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Ohio leasing company files suit against Hempfield man
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Datatec Systems Receives an Increase and Extension of Its Senior Credit Facility
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Swiss insurer faces major bankruptcy claims in the US
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Up a fiscal creek: Helm in bankruptcy again
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Breuners going out of business -- Furniture store to hold liquidation sale after 148 years
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Pa. to end 20-year control of failed insurer
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Sight Resource Corporation and wholly owned subsidiaries file for bankruptcy
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Union miners could lose health insurance in bankruptcy case
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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UK:

Insolvencies rise to decade high
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Support for renewed ban on legal referral fees gathers momentum
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Fewer firms to go bust despite oil price rises
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Regime makes bankruptcy easier to enter into and get out of
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Jail for Crooked Banker Who Wanted Champagne Life
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South Korea:

Eight Firms to Vie for Pan Ocean Shipping
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Russia:

Khodorkovsky trial adjourned until Tuesday
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Former Yukos CEO Calls Charges 'Absurd'
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Crisis of confidence is over in Russia
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Federal Anti-trust Service Gives Vneshtorgbank Go-ahead With Guta Takeover
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Khodorkovsky Trial Is Political, Says Co-Defendant
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Khodorkovsky: Yukos Paid More Tax Than Other Cos
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Italy:

Parmalat Unit Selling Alabama Assets
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Parmalat investors set to lose 85% of amounts owed
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Japan:

Big debtors wary of megabank merger
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Cheap takeover faces troubled Japanese bank
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Singapore:

APP launches US$6.6b debt plan
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South Africa:

Joburg lawyer arrested for RAF fraud
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'This is the biggest fraud story in SA'
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Israel:

Credit record law allows banks, utilities to keep tabs, share info on debt defaulters
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Mexico:

Bankruptcy proceedings still not black and white -- judges don't know law
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India:

Distraught investors
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Turkey:

Cukurova Group close to restructuring debt
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Germany:

More Germans Declaring Bankruptcy
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