April 26, 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:

Judge extols Delta, CEO, workers after rise from ruin
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Judge clears Delta's exit from bankruptcy
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Financing, new stock next steps for Delta
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UAL Loses $152 Million in First Quarter
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Northwest, Flight Attendants Labor Deal Needed Soon -Union
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Large carriers hopeful after tough years
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Law:

Panel Votes Immunity for Gonzales Aide
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Solo, Small-Firm Use of 'Prepaid' Plans Grows
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How to Attract Top Associate Candidates
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Weil Gotshal settles $100m dispute with RBS
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Citing Fraud, Judge Tosses Case After Video Shows 'Paralyzed' Woman Walking
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Federal warrant for lawyer
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Allen & Overy tops market but avoids all-out UK associate pay war
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Driving the Deals at Davis Polk
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Women and Minorities: Why Do They Leave the Big Firms?
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States are split on whether attorneys may take part in online legal-match services
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Dueling "Jackpot Jurisdictions"
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Law Firm Firings and Other Half Truths
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Bankruptcy Reform:

Bankruptcy Reform: Value of Credit Counseling Requirement Is Not Clear
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Economy:

Warren: Income Pain: Inequality, Volatility or Just Too Little?
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Fed's Beige Book Sees `Only Modest or Moderate' Expansions
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Orders for big-ticket manufactured goods post solid gains
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The Dow Industrials closed above 13000 for the first time
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The number of U.S. workers filing new claims for jobless benefits fell sharply in the latest week, but data suggest that slower economic growth is having a damping effect on labor markets
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Mass Torts:

Asbestos Injuries and the 'Completed Operations' Provision
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WR Grace CFO: 'We've weathered that challenging market'
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Retailing:

Hancock cancels hearing on lease, property sale
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Autos:

Cerberus says it hasn't pulled out of Delphi capital infusion
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Dana bankruptcy-case fees to continue at current payout rate, judge rules
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Student Debt:

Cuomo Says US Is Lax on Student Lenders
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Student Loan Scandals: Who's To Blame
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Criminal charges possible in loan probe: Cuomo
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Federal task force to look at student loan issue
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Corporate Reform:

Burt says unaware of payment trend at Black's firm
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Black: 'hosing down' investors
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Concerns called 'hysteria'
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Options Probes Moving ''Quickly'': Cox
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Apple ex-officer's shot at Jobs has Silicon Valley talking
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Sizing Up the Ex-Apple GC's Response to Allegations
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Backdating: Apple and UnitedHealth
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Kaye Scholer Book Warns About Risks Of Internal Investigations
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Utilities:

Judge approves federal money for ENO
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Entergy Reports First Quarter Earnings
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Sparks to fly in power debate
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Bankruptcy Crimes:

Woman admits stealing heating funds
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Sports:

Landis Says He Lost $10 Million, May Seek Bankruptcy
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Tax:

Grassley Urges Reality Check On IRS Private Debt Collection
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Health Care:

States Moving to Address Healthcare Debt Issues, Report States
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Credit Cards:

RBC Credit Card Write-offs Increase 11.5%
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No Confirmation Without Estimation: Bankruptcy Court Has to Value Litigation Outcome Likelihood
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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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Barclays under investigation for insider trading while committee member
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Barclays Probed by SEC Over Bankruptcy Conflicts, People Say
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Real Estate:

US Homebuilders Pulte, Ryland, Post Losses on Writedowns
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New Home Sales Post Modest Increase
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Mortgage Funds Dodging Subprime Bullet
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Subprime `Liar Loans' Fuel Bust With $1 Billion Fraud
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Foreclosures Rose 35 Percent in First Quarter, RealtyTrac Says
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Excessive Debt Causes Greater Portion of Mortgage Delinquencies
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Legislators consider more oversight of subprime home lenders
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More face losing homes
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The amount borrowers owe on home-equity lines of credit fell for the first time since 1999
(WSJ: separate paid subscription required)

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Religion:

Judge denies request to resume construction projects at several parishes
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Queen's Seaport Development, Inc. Receives $41 Million Bid from Real Estate Developer O&S Holdings, LLC
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All American Semiconductor, Inc. Files Voluntary Chapter 11 for U.S. and Foreign Operations
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Vendors claim MPC hasn't paid bills
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UK:

Debt Denial Threatens to Swamp UK Economy
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Canada:

Mystique Energy obtains CCAA protection from creditors
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Outgames creditors grudgingly accept settlement
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Spain:

Spanish property boom ends in panic
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