April 23, 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:

Reviving Delta cost tens of millions
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NWA shakes up its board
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Airlines beefing up rosters again
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Pilots rebuff helping United
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AMR's Arpey Adds Extra Bonus to Pay
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Law:

Gonzales Hearing Showcases Policy Shift
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Crowell & Moring Adds Bankruptcy Lawyers
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Hedge Funds and In-House Counsel
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Did Alleged Cocktail Party Chatter Cause Law Firm to Breach Fiduciary Duty?
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Bar Exam Questions Posted Online Trigger Hunt for Anonymous Source
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Judge halts plea deal in $13.5M asbestos fraud case
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Losing Senate Candidate Takes Partnership Consolation Prize at NY-Based Firm
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The "Most-Praised" Generation, Lawyers' Edition
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After Merger, Firm Loses Five Lawyers: Four to Conflicts, One to NFL
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Cussing, Kicking Their Way to the Top
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N.Y. DA Says Former Judge, Assemblyman Hold Keys to Probe of Buying and Selling Judgeships
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A Lawyer and an Ass Walk Into a Courtroom ...
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Attorney Hit With $6.6 Million Malpractice Verdict
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When Law Firms and Their Former Attorneys Disagree
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The Trial Judge as Adversary on Appeal
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Wilmer Raises Its Clerkship Bonus
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Religion:

Bishop's memory fails
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San Diego bishop listens to victims of priest sex abuse
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"I think we just must have had a typo"
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San Diego bishop testifies
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Bishop says he doesn't know value of assets
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Parishes, diocese to formalize relationship
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Timber:

Pacific Lumber bankruptcy case to stay in Texas
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Judge rules on PALCO venue issue
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Mass Torts:

Legacy of Libby's asbestos contamination still being set
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Credit Cards:

Warren: A Conservative on Credit Cards
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For the first time in more than 20 years the average late payment fee for bank credit cards declined
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The number of Americans who pay-off their credit card balances each month declined for the third consecutive year
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Bankruptcy Reform:

The Future of Bankruptcy Law in the Aftermath of the BAPCA
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Owner says oil company is bankrupt
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Primarily Liable Co-defendant That Pays Claim Is Not Entitled to Subrogation
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Autos:

GM 'optimistic' Delphi can avoid a strike
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Wagoner says Delphi can recover without Cerberus
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Kerkorian wants to meet with Chrysler workers
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Employees of Chrysler Group Seek to Own Part of Company
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Cerberus loses to Ross on C&A
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Highland Still Seeking Meeting with Delphi
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British car firm in a change of cultures
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UAW rethinks rigid job rules
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Student Debt:

The Battle Is Joined
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Updates on the Loan Scandal
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Colleges Begin to Feel Political Fallout From Student-Loan Scandal
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Duquesne Ending Student Loan Commissions
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Student aid probe widens
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Lenders cheating college students
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College loans must benefit the students
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Lender's Paradise
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Colleges Relying on Lenders to Counsel Students
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Privatizing and profiteering
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Real Estate:

Spiraling out of control
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Credit counselors see more bankruptcies to save homes
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Some home buyers must settle for 'alternative' loans
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Defining Two Camps Of Subprime Lenders
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Rate of Inland CA foreclosures is expected to rise
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H&R Block finds buyer for Irvine mortgage unit
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Lenders get into foreclosure business
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Holes in Freddie's Lifebuoy
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H&R Block: Subprime Salvage
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More Subprime-Related Job Cuts at WMC Mortgage
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Subprime Layoffs Hit Houston
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Window Dressing
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Corporate Reform:

Qwest's Nacchio Faces 15 Years in Jail Amid Corporate Crackdown
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US executive pay bill passes first hurdle
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Administration opposes bill to give shareholders 'say on pay'
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SEC may pull rank to settle differences over Sarbanes-Oxley
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Feds Kept It Simple To Convict Qwest's Nacchio
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The Cheating Life
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Publishing:

Regional publisher closes book on Chapter 11
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Layoffs:

Handling layoff limbo
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Workers resigned to O'Sullivan plant's end
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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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Health Care:

Potential Hospital Purchase
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Kentucky chiropractor sees empire crumble
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Warren: Matthew's Mom and Dad Testify
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Asset Protection:

It can take creditors years to recover money that debtors have hidden overseas
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Entertainment:

Comic Barrymore has little to laugh over
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Retailing:

Court OKs Hancock Fabrics loans
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Enron:

'Benron' Behind Bars
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Telecoms:

Vonage, Facing Bankruptcy on Patent Case, Seeks Court Reprieve
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Bankruptcy Crimes:

Sentencing scheduled for man in bankruptcy fraud
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Economy:

U.S. and foreign stocks are increasingly not moving in tandem, good news for investors worried about U.S. economic growth.
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Derivatives:

Banks prepare deal that may triple Europe's market
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Accounting:

Deloitte expecting 15% global revenue growth
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Financial Literacy:

Debtor nation realizing kids need money lessons
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The Story of Case v. Los Angeles Lumber Products: Old Equity Holders and the Reorganized Corporation
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Settlement in Just for Feet Case By Trustee - Among the largest out-of-pocket payments by outside directors following corporate-fraud allegations
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What do WorldCom, Enron, and Just for Feet Inc. have in common?
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Till DEBT do us part?
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Potential Problems in Distressed "Loan-to-Own" Investments
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UK:

Students lose millions in loan scam
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Bid to increase asbestos pay-outs
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Canada:

Miller fiddles, money burns
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Toronto not facing bankruptcy: city
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