July 19, 2004 

Daily Bankruptcy News

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

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Airlines:

Asia travel rebound is tonic for ailing airlines
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Hawaiian Airlines' management will receive up to $7 million
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New names surface in Hawaiian Air bankruptcy
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Why flying fuller isn't making airlines profitable this summer
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US judge to hear plan for bankrupt airline Avianca
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Owners of planes may feel Delta's pains
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JetBlue, Southwest in low-cost dogfight
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Will the big boys survive
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High flying, little turbulence left for Air Canada restructuring
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Is the big airline concept a dinosaur?
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Airlines in U.S. face increasing competition
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Delta 'scope' limiting growth
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Now even Southwest Airlines hits turbulence
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US Airways CEO urges unions to reach deal
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Air Canada Provides Update on Restructuring
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Enron:

Enron tower's fate still in limbo
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Emails reveal dodgy political funding
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Enron E-Mail a Window on Political Money
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State may recoup $80 to $90 million from Enron
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"I was convinced ... that the company was strong"
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The SEC To Top Execs: Read The Fine Print
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American Kabuki: The Ritual of Scandal
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With Friends Like Ken...
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Ex-President Bush sent Lay supportive message
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Delude yourself, but expect to pay for lying out loud
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Enron gets OK to emerge from Chapter 11 bankruptcy protection, without name or most assets
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Law:

Family responsibilities make it difficult for women lawyers to progress to senior positions in legal firms
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Firm, Looking to Go Global, Is Close on UK Merger
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Firm Keeps Summer Associates Busy With Karaoke, Bowling and More
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Law Firm Merger Activity is Well Ahead of Last Year
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Class of Attorneys Certified in Pricing Lawsuit Against Medical Records Provider
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Firms See Rising Tide of Deals, With More to Come
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Fla. Office but No Fla. Bar Exam for Johnnie Cochran?
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Corporate cost-cutting benefits boutiques
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Low rental rates push firms to seek larger office spaces
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Married to the Job
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Acceptance growing for part-time lawyers
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Take Credit for Your Firm
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Law firm scrambles to fight for Wyeth in Phen-Fen suits
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Edwards Honed Campaign Skills in Courts
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Meet The Wife Whose Courage Saved A Family
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Accounting:

Widow Leaves $1.1 Billion to Her Accountant

Most U.S. companies racing to meet accounting deadline
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Stock option excess may be costly to companies
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Accounting in Darwinian terms
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Bobby's Revenge? Turmoil At E&Y
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Bill to blunt FASB goes to House
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Shell Tightlipped on Claim Auditors Knew Reserves Were Being Overstated
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Result of No New Hires for IRS Could be Costly, Oversight Group Says

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Energy:

NorthWestern: Multimillion settlement is cents on the dollar
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Counting the cost of going broke
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CEO sees South Dakota-based utility ending bankruptcy this year
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Despite law, credit union's in bankruptcy
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New bankruptcy judge takes bench in Ohio Northern District
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Supplier's move sealed Breuners' fate
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Breuners bankruptcy filing surprises
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Indebted U.S. Ponders Maggots, Robbery
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Bankruptcy bill fades. Why it won't go away
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Asbestos:

Judge OKs $4.2B Halliburton Asbestos Plan
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James Hardie blowtorch goes global
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Furor Over 9/11 Asbestos "Lies"
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Hardie has deep pockets to raid
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Telecoms:

Investor Interest In MCI Percolates
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Norvergence Faces Shutdown Following Chapter 7 Filing
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N.J. bankruptcy may cut off S. Fla. phones
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Corporate Reform:

A fallen goddess
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2nd Circuit Is Next Stop in Saga of Martha Stewart
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Martha Lessons you should follow, and some to avoid
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Ruling may have impact on corporate sentences
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Pressure fed the problems
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Not above the law / The disgrace of Martha Stewart et al
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Marketing maven fights to bitter end
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Stewart's likely prison houses drug, fraud convicts
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Sentenced to prison, Stewart keeps eye on the prize
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Fans of Martha Stewart request presidential pardon
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As an Investor, Martha Stewart Fell Victim to a Common Weakness
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Consumers support Stewart
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Stewart Likely to Influence Her Company, Even From Jail
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Making Martha Pay
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Stewart jail sentence draws mixed reactions
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Martha Stewart's Legal Fight Still Not Over As SEC Awaits
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Corporate America's New Accountability
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Ten tips to help directors steer clear of legal action
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Steel:

Bankrupt Warren steelmaker reachers contract deal with union
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Governors discuss aging of nation, fiscal effects
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The cost of elder-care cost to climb
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Catholic Dioceses:

Diocese: Insurers pushing it into bankruptcy
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Bankruptcy filing is 'gamble' for Portland's archdiocese
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Discrepancies plague church sexual-abuse cases
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Backfire possible in bankruptcy declaration
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Bad Credit Folks Helped by New FICO Scores
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Power shift leads Hicks Muse firm to separation
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Sun Capital shifts gears with $300M distressed fund
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Bankruptcy filing signals end for Triangle Labs operations
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Santa Rosa Scrip Center in bankruptcy fight
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Kmart may be hoarding cash for purchases
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Rate Rise Could Bankrupt Debtors
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Hospitals Lower Charges To Uninsured
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Footstar Completes Sale of Shoe Zone Stores to Novus, Inc.
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Jefferies Expands Recapitalization & Restructuring Practice Into Europe; Co-Head Richard Nevins Relocates to London
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Colo. bankruptcy cases hit record
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Kimco is Chi-Chi's stalking horse
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Big Lots, Inc. Announces Resignation of Executive Officer -- Warns About KB Toys LIabilities
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Philadelphia: Debt weighed heavy on Weightman fate
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A year later, state still responding to Pillowtex layoffs
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Metatac revises plan
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New state asset protection trust law aims to guard assets, increase Oklahoma-based holdings
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Judge delays bankruptcy hearing for New York nursing home
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Hometown Finance bankruptcy settlement gives victims only 1% of losses
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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9th Circuit BAP Error Highlights Troubling Case Law for Turnaround Management Firms
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Maxed-out seniors seeking debt help
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Crippled teen gets another chance to buy gun maker
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The curious worlds of David Randall and Martin Rowson
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Don't take the bait from loan scammers

Dotcoms: Who's Still Afloat? Who Went Under? And Why?
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Debtors in bankruptcy get break on net operating losses
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IRS pays for trying to collect waived taxes
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Automatic Stay Extended to Action against NonDebtor where Debtor Obligated to Indemnify NonDebtor
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Jury to decide fate of Carolina Investors president
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More money might only delay bankruptcy
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Grand Rapids man guilty in bilking scheme -- He got $43 million from 300 victims
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UK:

Insolvency rates close to 10-year high
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Old Lady faces her accusers
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James wants $50m to put bus maker back on route
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Creditors agree deal over 'Kitchen Nightmare' case
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Russia:

YUKOS tax case halted
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Helicopter death lawyer 'was mastermind' behind GBP5bn Russian oil fraud
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Oil tycoon lashes out at 'absurd' charges
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An oil giant under siege
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Judge in Yukos Countersuit Steps Down Citing Unspecified "Psychological Pressure"
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U.S. nationals own Yukos shares worth $2Bln
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Gerashchenko Stands Up to YUKOS Critics
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YUKOS riven by deep internal conflict - chairman
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Canada:

Aerospace: an industry in crisis
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South Africa:

Top liquidator Motala faces tax headache
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'This is the Biggest Fraud Story in SA'
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Japan:

Japan's recovery is on track
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Sojitz Holdings may seek 300 billion yen
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Singapore:

Debtors in more trouble, thanks to 'help'
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Partners let fly with accusations of graft and more
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High-flying lawyer is now a bankrupt
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Korea:

Regulators blamed for S Korea card crisis
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Disappointing Card Audit
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India:

Debt-ridden Indian family commits suicide
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Israel:

The Bottom Line / Banks bear some responsibility
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Labor calls for state inquiry into local authorities bankruptcy crisis
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Italy:

Parmalat debt plan displeases
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Mexican Milk Company Lala Buys Parmalat Mexico Assets
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Hong Kong:

Rise in bankruptcy figures defies economic recovery
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Hungary:

Government to discuss new liquidation law
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Indonesia:

Govt mulls omission of restructuring clause
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