April 12, 2007

Daily Bankruptcy News

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

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

Examiner in NWA bankruptcy resigns; replacement named
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NWA settlement caps Spirit claim at $105M
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Keeping wraps on new Delta paint job not so easy
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Comair could lose out as Delta carrier
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ATA Deal Could Trigger Multiple Airline Mergers
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Pilots want changes reversed
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American sends warning letters to unions
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Delta chief says feeder airlines must upgrade service, or else
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Law:

Where All That Associate Money Goes
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UPDATED: NY First-Year Salaries: Who Pays $160,000 - Twenty-four new firms on our list of NY's highest paying firms
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Salaries Going Up at Ballard Spahr and Flaster Greenberg
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Salaries Soar at More Regional Firms
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Firm Raises First-Year Pay and Urges Associates to Take on Pro Bono Work
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Inhousers Take New Look at Mating Dance With Law Firms
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On-Site Day Care Starting to Catch On at Law Firms
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"It was definitely not my wisest moment. I already have a job lined up. I'm hoping my employer doesn't find out."
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Say What?!
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The Finer Points of Farming Out Work
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Carnival-Like Hearing on $93M Attorney Fees, $100M Sanctions Against Motorola
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High-Flying Willie Gary to Ask for $11,000 An Hour
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Britain's Richest Lawyer - At £16.8 Million A Year
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Lawyer Ads in Cyberspace
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Keeping Allegiance During Era of Unprecedented Partner Departures
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Student Debt:

Sallie Mae reaches legal settlement with New York
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Real Estate:

New Century Proposes $6.3 Million Incentive Plan
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Subprime: It's the Way We Live Now
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As Subprime Market Implodes, a Contrarian Prospers
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Snake Eyes for Vegas Realtors
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US home values in 2007 to take first dip-Realtors
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Subprime `Debacle' Will Delay US Housing Recovery
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Bankruptcy Doesn't Avert Foreclosures
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Troubled NovaStar puts itself up for sale
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Rights sought for homeowners in debt
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Houston home sales drop 8.8 percent in March
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Schumer calls for housing aid as realty group sees prices falling
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Somebody Has GOT To Pay!
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NovaStar Starts Formal Process To Explore Strategic Alternatives
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NovaStar, Subprime Mortgage Lender, May Seek a Buyer
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Housing Bubble Accomplices Preparing for Death
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Autos:

DaimlerChrysler gives Kerkorian's $4.5bn bid the cold shoulder
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Buyer Beware at Chrysler
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Chrysler fits in Schwartz's garage
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The Chrysler merry-go-round
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Bankruptcy judge OKs bidding for Dana Corp.'s sale of part of business
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Dana supplier may seek hefty claims in contract dispute
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Court orders Dana pension contributions
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Some find auto firms attractive
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Magna gears up for huge restructuring
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Economy:

The Economy: Why So Gloomy?
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Global boom continues, despite US slowdown
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Wage inflation might spell trouble for bonds
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Fed Minutes Say Rate Increases May `Prove Necessary
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The Rules for the Middle Class Have Changed
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Pampered Ys may be in for a rude shock
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Religion:

Judge orders external audit of San Diego diocese accounts
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Attorney won't be cited for contempt
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Four asked Skylstad to resign
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Health Care:

Hospital center on life support
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Troubled hospital operator facing major pension payment
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Hospital Shutdown Scenario Stirs Fears
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New Hampshire Hospitals Charge 216% of Actual Cost, Says Study
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Hedge Funds:

Bernanke says current system best for hedge fund regulations
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Photography:

Portrait Corp. Gains Time for Plan
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Banking:

Advertisement of the Day
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Legal team in firing line in sweeping Citi restructuring
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Food/Drink:

Judge to weigh Pittsburgh Brewing disclosure statement today
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Telecoms:

Vonage announced that Michael Snyder has stepped down as CEO
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Bankruptcy Reform:

Employee Compensation Programs: A Study Of Judicial Interpretation Under BAPCPA
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Tax:

US taxman eyes offshore vehicles
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46% of Americans Will Use Tax Refunds to Pay Debts
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How you can lose Social Security to creditors
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
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Bankruptcy Judge Approves Fees for Lawyers, Financial Advisers to Lionel Train Company
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Moody's expects the default rate to nearly double by the end of the year
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Bankruptcy Surge - Here Again
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Financial Literacy:

Bankruptcy judge teaches credit skills
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Bankruptcy Crimes:

Man Sentenced To Four Years For Assault At Bankruptcy Court
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Layoffs:

Circuit City's message to workers: Aim for mediocrity
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Utilities:

New Power Play at Calpine
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Enron:

US trader Arnold shrugs off Enron scandal to earn £2.7m a day
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Corporate Reform:

Attorney advised Hollinger on payments
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Lawyer in CanWest deal comes under the gun
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Predatory Lending:

Loans with triple-digit interest
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Insurance:

Credit Life Insurance Cases Roil Lawyers
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Mining:

Asarco can file reorganization plan
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Credit Cards:

Consumer revolving credit jumped by $2.5 billion in February
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Dark-horse Paul says US going bankrupt
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TMT Motoco, a Brazilian Subsidiary of Tecumseh Products Company, Provides Update on Restructuring Efforts
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Adventures in the Virgin Islands - a tale of receiverships and abstention
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UK:

Debt firms get slap on wrist
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UK Business Failures Drop in First Quarter of 2007
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Australia:

Bankruptcy level almost static
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Bankruptcies on the rise, says CHOICE
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Canada:

Thistle announces debt restructuring plan
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Taiwan:

Taiwan fixed-line telecom carrier APBT requests bankruptcy ruling against 68 Rebar group paper firms
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