October 13 , 2004 

Daily Bankruptcy News

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

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Airlines:

US Airways, loan agency agree on extension
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Judge set to rule on fate of US Airways
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Loan extension does not ease dire situation, US Airways testifies
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US Airways repeats its plea for cost relief
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Judge is 'pretty sharp'
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Unions: Cut would be ruinous
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US Airways Execs: Workers Skipping Work Amid Strife
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Business travellers seek airline contingency plan
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Delta Air Lines' talks with pilots get 'intense
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U.S. is urged to plan for air industry 'failure'
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Oil prices threaten Air Canada restructuring plans
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Veteran counsel with bankruptcy experience to join NWA as key exec
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As airlines struggle, fliers hold the cards
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Big airlines can use hubs to squeeze discounters, analyst says
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Law:

Law Student Paid Off Tuition as Call Girl
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Corporate Tax Law Wipes Out 'Double Taxation' on Contingency Fees
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Electronic Filing and the U.S. Appeals Courts: Pros and Cons
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McGreevey Not Joining Law Firm, Rep Says
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Asbestos:

Study reveals most of asbestos-related lung cancers not diagnosed
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Accounting:

US Tax Overhaul Would Benefit Income-Tax Itemizers
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Big companies will use much of their windfall from tax legislation passed this week to reduce debt, buy back shares or make acquisitions, although they lobbied Congress for the measure on the grounds that it would spur job growth
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Recent Auditor Changes
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Word Network exec leads flashy life, court records show
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It's never too early to teach kids how to sink into debt
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Mini Enron? Plastics co. is bankrupt, $50M short
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Commerce One Receives a De-Listing Notice From Nasdaq
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U.S. lawsuit doesn't faze tobacco firms
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MCI needs more time to settle state tax claims
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New IRA Protects Assets In Lawsuits, Bankruptcy
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Steel:

Stelco may get lifeline from rights offering to creditors
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Stelco may get Deutsche Bank lifeline -- Deutsche Bank a big bondholder - Lender would back new equity issue
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Bankrupt Auburn Foundry to close one of its plants, 210 to lose jobs
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Geneva's bright future questioned
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Enron:

Worker testifies at barge trial he saw no 'red flags'
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Merrill Lynch exec says barge role was minimal
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Merrill Lynch lawyer didn't know of fixed profit
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Corporate Reform:

Fannie Confirms DOJ Criminal Probe, Hires Top Law Firms
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Fannie Mae Discloses Document Request
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Trial of Former Westar Executives Begins
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Governance improves at US companies
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Senators Ask SEC to Delay Expensing Rule
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Fannie Mae Faces 8 Lawsuits on Accounting
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Tax Bill Targets Executive Pay Perk
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Mass. jobless fund again may need US bailout
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Citigroup's Prince to Report Lower Earnings Gains Than Peers
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Exhibit focuses on tragedy without health insurance
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Pentagon Approval Of Contracts Needed If KBR Sold
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Recent Going-Concern Statements
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Avalanche Of Church Abuse Cases
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Priest accused in child sex suit files for bankruptcy
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Bankruptcy not stopping lawsuits against Portland Archdiocese
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Pension promise no guarantee of security for America's retirees
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Harsh Consequences of Unauthorized Post-Petition Financing
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Another investment firm jumps on IBC bandwagon
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CEOs "guardedly optimistic" about economy
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Kaiser Aluminum's pension bailout to hurt early retirees in Spokane, Wash.
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Liberate Tech: Landlord Files $3.9M Suit Vs Co
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UK:

Debts loophole blocked
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MyTravel details restructuring deal
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Jobs at risk as business crashes
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Unilever axe hits 600 jobs as plant to close
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Newlyweds hit as gift list goes bust
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Canada:

22 store jewellery chain bankrupt
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Malaysia:

Bankruptcies set to ease as writs fall 25%
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Japan:

Cabinet ministers give support to Daiei plan
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Japan's troubled Daiei considering seeking aid from government body
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Daiei snubs IRCJ rehab offer, risks banks' wrath
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Japan Toughens Stance on Aiding Deadbeat Debtors
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Thailand:

Thai TPI creditors approve debt plan, shares drop
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Iraq:

Bush special envoy in Iraqi debt controversy
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Russia:

A Yukos subsidiary gets a low valuation
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Russia ready to sell major Yukos field
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Germany:

KarstadtQuelle Needs an Accord to Win Over Creditors (Update2)
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New Zealand:

Businesses Turning To Gangs For Debt Collection In Face Of Rising Legal Fees
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