April 20, 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:

Delta can pay $29.4M for professional services
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Pilots seek reprieve on hours from NWA
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Law:

Mastering BigLaw Lingo
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Nonpracticing Department Heads Leave Lawyers Free to Succeed
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Republican Senator Asks Gonzales to Resign
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The US Attorney Scandal Gets Dirty
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In a Rare Move, Wachtell Brings On a Lateral
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Company Does Damage Control After GC Says Judges Are 'Paid Off'
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The dreaded "R" word: Recession
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No comment from Linklaters as UK pay war looms
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Simpson Matches S&C's $50,000 Clerkship Bonus
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Charney v. S&C - Monkey Business?
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RIM Offers a Reason for BlackBerry Failure
(NYT: separate free registration required)

Say What?!
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Supreme Court Justices Confront the 'Judge Judy Standard' for Judicial Pay
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Four Attorneys to Leave Buchanan Ingersoll Over Post-Merger Conflicts
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Urgent appeal for lawyer / goalkeeper
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America's Coolest Law School
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Stealth Legal Start-up Gets $10,000,000 of VC Investment
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Bankruptcy Reform:

As BAPCPA Enters Its "Terrible Two's," BAPCPA Guru Catherine Vance Surveys Its Unruly Landscape
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Corporate Reform:

Payments to Hollinger execs unremarkable-witness
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Payouts fax sent to Black may be pivotal
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Former Torys' lawyer squirms over questions about her income
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Hollinger official told of need for disclosure
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Ex-Enron director gets five-plus years for defrauding company
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Nacchio convicted on 19 of 42 counts
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Appeal won't change verdict
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Verdict: Felon Nacchio
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Student Debt:

Colleges settle in student loan probe
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NY College Official Got Job at Sallie Mae
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Drexel may face suit over loans
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Retailing:

Court approves ways for Hancock to raise more cash
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Autos:

Delphi Investor May Pull Out
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Buckle up, Detroit, for a wild ride
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GM says Delphi bankruptcy deal still possible
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Chrysler woes just tip of industry iceberg
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Ex-savior of automaker rules out Chrysler buy
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Real Estate:

US mortgage rates reverse course, move down
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More aid planned for sinking borrowers
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New Century bankruptcy judge OKs auction of unit
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Ameriquest lawsuits can be bundled, judge rules
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Risky home loans and shameless lenders
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Citi's Prince laments subprime regulation
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ResMae Gets Interim OK to Boost Lending
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Merrill Lynch still strong on subprime home loans
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CCI boss Battle in trouble with city
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GE's WMC Mortgage to lay off half of staff
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771 more subprime job cuts
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Is There Still Value in Subprimes?
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Home foreclosures rise fourfold in Boston
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Panitz Homes is closing its doors
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First Horizon Falls on Credit Losses
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Residential Mortgage Lender ResCap To Cut 1,000 Jobs
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Utilities:

Calpine settlement could eliminate $8B in claims
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Health Care:

Samaritan bankruptcy filing bothers judge - "fox guarding henhouse"
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U.S. Attorney, FBI, Unseal A 25-Count Indictment In a $100 Million Fraud Case
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Timber:

Scotia Pacific Court Rules On Motion To Compel Group Of Hedge Funds To Disclose Their Trading Details
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Suit against PALCO alleges fraud
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Anna:

Howard K. Stern Sues Houston Lawyer John O'Quinn Alleging Slander
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Credit Cards:

Credit Card Charge-offs Top $1 Billion at AmEx
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BofA's Card Charge-offs, Delinquencies Rise Year over Year
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No Wage Garnishment After Bankruptcy? Aw, Geez . . .
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New Bankruptcy Opinions
(1 new opinion 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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IWIRC Seeks Industry Role Models to Vie for 2007 "Woman of the Year in Restructuring" Award
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New Trustee Takes Pillsbury's Bankruptcy Fiasco
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Economy:

Leading indicators point to slower growth
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Leading Indicators Barely Advance
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Food/Drink:

Water and sewer authority, Pittsburgh Brewing talk about debt
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Telecoms:

Vonage: Okay, Yeah, We Might Be Toast
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Entertainment:

Company: $250000 is ours, not Pearlman's
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Banking:

Bank calls second emergency meeting; Follows call for Wolfowitz to quit
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Religion:

San Diego bishop slated for questioning in bankruptcy
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Jewelry:

Jeweler M. Fabrikant & Sons seeks approval to auction assets
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Debt Collection:

FTC Attorney Discusses Upcoming Unprecedented Debt Collection Hearing
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Ponzi Scheme Transfers By Hedgefund To Broker Avoided In Bankruptcy
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Lawyers Cope With Bankruptcy Law Online
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Second Circuit Holds Bankruptcy Court Order Allowing an Uncontested Proof of Claim Constitutes a "Final Judgment" for Purposes of Res Judicata
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Second Liens And Intercreditor Agreements: Are Those Bankruptcy Voting Provisions Really Enforceable?
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UK:

US billionaire slams 'dangerous' AIM
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Canada:

Toronto is on the verge of bankruptcy
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Russia:

PwC retains Russian auditing license
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