April 18, 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
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Aviation:

American Pilots Take Hats Off To Protest Bonuses
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Southwest's attendants join protests against American
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Workers Press Pursuit of Airline Fruits
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NWA attendants renew impasse request
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Law:

Hot New Practice Group: Subprime!
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Former Abramoff Associate Quits Law Firm
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Sea Change for Attorney-client Privilege
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General Electric's Winning Legal Department
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E-Discovery spoliation Fight Heats Up
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Montana PI Sent to Prison for Shaking Down NYC Lawyers
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Clerkship Bonus Report
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Say What?!
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Best Practices in Implementing Law Firm Diversity Programs
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Snell & Wilmer Looks to Expand to Other Regions
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Stoel Rives Says 'Sayonara' to San Francisco
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A Conversation with Greg Jordan of Reed Smith
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Banking:

US high court limits state control of national banks
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Triumph for Federal Inaction
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Wells Fargo 1Q profit grows 11 percent
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Telecoms:

Vonage: No tech 'workaround'
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Vonage Says Patent Fight Brings Risk of Bankruptcy
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Vonage Says Patent Battles Could Lead to Bankruptcy
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Health Care:

Meeting On PG Hospitals' Future Expected
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Region's hospitals brace for closing in Prince George's
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Patients, Doctors Sure Hospitals Worth Saving : Pr. George's System Remains at Risk
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Workers Rally To Save Hospital
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Samaritan's bankruptcy helps UK
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Dimensions Healthcare staffers plead their case before County Council
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Retailing:

Hancock Looks to Auction Some Leases
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Credit Cards:

US Credit Card Performance Falls
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Credit Card Debt: Things Will Get Worse Before They Get Worse
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New York lawmakers debate action against credit card industry
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WaMu Credit Card Charge-offs Escalate
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Charge-offs on Cards, Mortgages Rise at U.S. Bank
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Credit Card Charge-offs, Delinquencies Rise at Wells Fargo
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Religion:

Putting the Christian house in order: Debt and giving
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Secret docs to be opened in church abuse settlement
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Business Bankruptcies Surged at End of Last Year
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Former congressman found guilty of criminal contempt in bankruptcy case
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Autos:

Cerberus May Withdraw $3.4 Billion Bid for Delphi
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DURA Automotive seeks to close 4 plants, sell 2 others
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Magna board hasn't seen Chrysler bid, director says
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Magna risks 'disconcerting'
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Supplier success outlined
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Dana Corp. Replaces GC After Report States He Isn't Properly Licensed
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Delphi talks heating up
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Delphi investor talks reportedly hit roadblock
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Economy:

Fears of 'stagflation' fade for US economy
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US Economy: Inflation Eased, Housing Starts Gained in March
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Super-rich population surges in 2006
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Student Debt:

US Blocks Lenders From Student Database
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Student loan investigation touches "for-profits"
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NY brings other states into loan probe
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UT System schools ordered to stop posting preferred lender lists
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Student Loans, the Baby and the Bathwater
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US state officials discuss student loan probe
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CA Attorney General Brown jumps into student loan probe
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Utilities:

Entergy expects earnings below forecasts
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Publishing:

Victim's father wants OJ book rights
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Food/Drink:

Custom Foods Files for Chapter 11
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Custom Food Products, Inc. Files In Delaware
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Accounting:

SEC warns auditors firms may manipulate new rule
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Enron:

Lay's widow says $13 million in assets are hers
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Corporate Reform:

Ex-Hollinger Executive Didn't Oppose Disclosures, Witness Says
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Black's Co-Defendant Sought 2nd Opinion on Payments, Lawyer Says
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Nacchio Judge Rereads Jury Instructions
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More Conflicting Advice on Privilege Waivers
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Tax:

House passes bill to protect taxpayers
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Bankruptcy Reform:

Some serious 'down time' for bankruptcy courts
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2005-2006 Bankruptcy Filing Statistics Comparison Misleading at Best
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Involuntary Bankruptcy and the Credit Counseling Conundrum
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Moody's Downgrades Bally Ratings
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U.S. Bankruptcy Trustee's Search of Home Legal
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Feds may pursue investors who cashed in on Parish Ponzi scheme
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Fitch: Low U.S. Default Rate Feeds Low Quality Issuance & Risk Grows
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New Bankruptcy Opinions
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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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Real Estate:

US seeks Chapter 11 trustee for New Century
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NYSE to remove shares of New Century Financial
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AmericaBuilt files for bankruptcy - first of many?
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Broker sues New Century over loans
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An Endangered Dream
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U.S. housing bust hits immigrant workers
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$12 million in sales not enough to keep homebuilder from bankruptcy
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FDIC says subprime lenders must adjust to aid struggling borrowers
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Wells Reassures On Subprime Exposure, Warns On Home Equity Loans
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Go slow on foreclosures, Congress told
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Chase foreclosures run high
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Michigan ranks third highest in mortgage delinquencies
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Fremont CEO sold $2.5 mln in shares ahead of slump
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Hedge Fund in $2.9B subprime deal
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Atlanta: Number of foreclosures in county skyrockets
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Foreclosures rise as overextended S. Floridians struggle with mortgages
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NCRC Calls For a Congressionally-Mandated Stay To Slow Down 'Foreclosure Mills' Operated By Law Firms Seeking to Profit
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Subprime losses showing up earlier than expected in bonds
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Builder left homes undone; CEO now faces arrest
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Hancock Fabrics Retains Keen Realty to Auction One Hundred Twenty One (121) Retail Leases and Two (2) Fee-Owned Properties
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Predatory Lending:

AZ House GOP member wants to wipe our Pay Day lenders
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Mass Torts:

Delaware a tort destination?
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Solutia Pays $131M in Chapter 11 Fees
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Hey Joe, What you thinkin' with those bills in your hand?
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UK:

North West IVA firms rapped
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High Court demands £100m in miners' fees to be repaid by law firms
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Canada:

GenFast workers 'really desperate'
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Russia:

Unknown company buys Yukos assets for $138 million
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Bankruptcy cases of strategic companies in Moscow court drops 50%
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Rosneft pays $40 mln for YUKOS service companies
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Greece:

Cabinet approves new bankruptcy code
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Australia:

Court to examine Rivkin deals
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