October 20 , 2004 

Daily Bankruptcy News

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

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Airlines:

More layoffs, aircraft groundings feared by pilots' union leaders
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All eyes on Delta as it prepares to report huge loss amid bankruptcy fears
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Reservations about Delta climb as slow season approaches
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Delta Q3 loss more than triples; cash position critical
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Specter of concessions arises for Continental
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Continental Air Posts Loss
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Continental: Cost-Cutting Initiatives Won't Ensure Profit
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Punctures found in US Airways planes
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Chapter 11 wouldn't ground Delta
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Close pilots' vote expected
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More pain
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S&P cuts ATA Holdings' ratings deeper into junk
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ATA rating is cut as bankruptcy looms
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Wachovia Asks For Protection On US Airways' Plane Leases
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Indianapolis airport continues terminal plan despite airline woes
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Independence Air says bankruptcy talk is 'speculation'
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Jet Lagged
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Fitch Revises Boeing/BCC Outlook To Stable From Neg
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Corporate Reform:

Judge grants delay in Ebbers trial
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Investigation into insurance brokerage fees widens
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Spitzer Uses Old Law to Target Insurers
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California regulators are hiring a law firm to lead a fight against brokers and insurers who may be accused of cheating consumers
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Sarbanes Oxley curbs M&A activity
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Fannie Mae Announces Formal SEC Inquiry
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Pay disparity up for CEOs and workers
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Westar's Wittig goes on trial on fraud charges
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Small companies get more time
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Some Scrushy Documents to Be Unsealed
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Forty Companies Disclosed Internal Controls Weaknesses, Deficiencies In September
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The Latest Financial Services Scandal
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Many Companies Resist Split of Chair, CEO
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Morgan Stanley Fields More Subpoenas On Research Conflict
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Spitzer Making Good On Plan For Wide Insurance Probe
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Accounting:

Cross-Dressing IRS Agent Claims Vindictive Prosecution
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Nation's Best-Managed Accounting Firms

Washington State Sues Ernst & Young
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Washington State Sues E&Y Over Met Mortgage Woes
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Liability cap hopes die
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The SEC asked Ford and GM for information about their pension accounting
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5 committee members cite clergy abuse impact on them
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Allstate Financial trial still in distance
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Future Looks Brighter for Bush Firm
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Huffy Corporation Files for Chapter 11 Reorganization
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Facing a fund gap -- four retirees for every active employee
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Garden Ridge Disputes Ch 11 Plan Rights With Landlords
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Law:

Lawyer OD can't stop fraud rap
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Firm Adds Practice Group With Hires, But Merger Unlikely
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Firm, Partner Agree to Pay Client's $240,000 Fine
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Former NY Judge Gets Probation Over Child Porn
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Power Hair

More Woes for Greenberg Traurig in Fees Scandal
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San Francisco Legal Market Still a Hard Hill to Climb
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Three Simple Rules for New Lawyers
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Steel:

Stelco gets nod to raise capital; GM reconsiders
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General Motors gives restructuring Stelco 30 days to ensure labor peace
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Asbestos:

Asbestos bill unresolved as thousands endure painful, fatal disease
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Threat to sue Hardie under new law
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ACTU optimistic about James Hardie compensation offer
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Lending keeps Ford profit up; sales sputtering
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Assemblyman settles bank lawsuit, blames politics for fraud suit
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Government: Bankruptcy won't affect Puerto Rico racetrack operations
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Reunited and it tastes so good, say fans testing new Fannie Mays
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Disney Investor Corporate Waste Suit Over Ovitz's Severance May Hurt Insurers
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Rating Companies Lifting Veil on Muni Swap Risks
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Parmalat investors file suit for damages in US
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Pittsburgh: Obstacles to fiscal reforms -- City facing bankruptcy
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Legislators attack Capital One marketing to young people
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Recent Going-Concern Statements
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Utah Charity, Two Execs Charged by Feds in Fraud
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Americans worried about economy, blame Bush
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Merit Studios: Amended Bankruptcy Plan Filed
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Heating oil dealers warn high prices threaten businesses
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US Heating Oil Dealers' Cash Crunch May Hit Consumers
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RI's Largest Heating Oil Dealer Battles Financial Woes
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Vought's union workers get a reality check
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Interstate Bakeries hoping to rise from bankruptcy
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Computer woes hit ailing IBC at a crucial time
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INTERMET Receives Court Approval of $20 Million Interim Funding Under DIP Credit Facility
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Credit horror stories should give people goosebumps
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Fed tries to ease debt worries
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Greenspan: Household debt unlikely to be 'destabilizing'
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What, Me Worried?
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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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Rejecting Executory Power Contracts in Bankruptcy Cases: Jurisdictional Authority, But Has the Standard Changed?
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Enron:

Ken Lay faces two separate criminal trials
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Judge's illness prompts delay of Enron barge trial
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Extradition battle continues for Enron accused
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Bush and the Enron scandal: will the whole truth ever come out?
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Body armor firm files bankruptcy
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Body armor maker needs protection
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Phoenix Group Appoints Stan Waldrop As President
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Departing CEO at Kmart Is Set to Get Big Payoff
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Maxim auction coming
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Sweet day
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Owens Corning to pay $99M to settle dispute
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President Casino Biloxi may be sold
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PSC to review any offers for NWE operations
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UK:

Bank of England voted 9-0 for steady rates
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British Grand Prix: running out of time?
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SNP risks seat as bankrupt councillor tries to bail himself out
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The Curious Case of the "Wilson Notice"
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Radical new fraud offence unveiled by government
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Germany:

German autoworkers hit streets over plan to cut 12,000 jobs
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Japan:

Daiei rehab may lead to loss of 27,000 jobs
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Canada:

Stock dives after Richtree seeks protection
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Russia:

Minister reassures on sale of YUKOS subsidiary
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Analysts comment on YUKOS' tumbling
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Yukos 2002-03 debt non-payment still a risk after Yugansk sale - Sharonov
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Penalty For Fraudulent Bankruptcy Likely To Be Enhanced
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Russia Can Simplify Insolvency Procedures for Defense Enterprises
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South Africa:

Porritt concedes Tigon gained from fund
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Singapore:

Singapore-based owner of Bintan Lagoon Resort in receivership
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Brazil:

Brazil Rewrites Its Bankruptcy Laws
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