April 5, 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:

AirTran to Midwest: Give us the list
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Law:

NY First-Year Salaries: Who Pays $160,000
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Which Leading GCs Are Operating Without a License?
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When Hanging a Shingle, Solos Are Reluctantly Solo
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Firm Inks Deal for New Manhattan Digs, Says It Will Need Room for Twice as Many NY Lawyers
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Judge Orders Wilson Elser to Disgorge Fees Over Ethics Breach
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Kilpatrick employee benefit a real sleeper
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Say What?!
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Firm shocked by f__t email
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The joys of the indiscreet email - Firm finds a monster in its midst
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Leading UK firms court young talent with record '07 partner round
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Sixty Web Sites for the Lawyer
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Midsized Firms Could Benefit in Climate of Firm Switching
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Century-Old Case Plays Role in Justice Kennedy's Global Warming Swing Vote
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Firm has God-like partner
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Real Estate:

Civil rights groups urge 6-month halt to foreclosures
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US MBA Chairman: Foreclosure Moratorium Not A Long-Term Fix
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New Century Keeps Some Loan Workers to Attract Bid
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New Century bankruptcy shows need for subprime action: Dodd
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Top 25 New Century creditors
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Will Coast Financial drown in a sea of bad debt?
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Ryland, warning of loss, discloses 26% drop in homes sold in quarter
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Mortgage Loan Volume Drops 3.2% Last Week
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Past due subprime mortgage payments at record high
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Barclays Will Sell $769 Million of Subprime Loans
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As US foreclosures mount, states step in
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Corporate Reform:

SEC OKs framework to ease Sarbanes-Oxley
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Media mogul Black's use of company jet estimated at US$7M/year
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Bora Bora on company's dime
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Black appears utterly convinced he will emerge unscathed
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Comptroller encountered non-compete fee 'amnesia'
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Jurors told board knew of Black's payments
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U.S. attorney not letting up on backdating
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Prosecution rests in Nacchio trial
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Lenders scramble to help struggling homeowners
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Subprime trickles down
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Tax:

Jackson Hewitt Tries to Limit the Damage
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With Tax Deadline Looming, Uncle Sam Cracks Down
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Layoffs:

Short-Circuited: Cutting Jobs as Corporate Strategy
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Autos:

Daimler's sale of Chrysler seems inevitable
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Magna, Buyout Firms Submit Chrysler Bids
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Divorce doubts irk Daimler investors
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Daimler may favour Magna for Chrysler
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Daimler CEO Vows Action as Investors Rage
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Who Wants Chrysler? Chairman Won't Say
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CEO: Ford turnaround plan is on track
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CEO: Ford should consolidate dealerships
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Mulally honeymoon ends, tough questions begin
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Delphi talks continue
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Tower receives approval to proceed with sale to Cerberus
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Japan's Autobacs Seven to buy Strauss Discount Auto
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Student Debt:

Lender payments to schools scrutinized
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UT officials among widening student loan stock probe
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College Officers Profited by Sale of Lender Stock
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Cuomo's Smoking Gun
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Student Loan-Gate
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Lawyers with staggering student loan debt have options, but many mean extra interest payments down the road
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Economy:

Factory orders, service sector show disappointing rise
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World 'unlikely' to catch America's cold
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IMF warns about spillover of US economic slowdown
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'Strong Possibility' Gas Will Rise to $4
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Bankruptcy Crimes:

Stiehl holds firm on Peel's custody - "His use of the child ____ in this case was specifically designed to mislead the bankruptcy court"
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Energy:

Biofuels firm flaming out
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Pensions:

Pensions, Pols, Payola
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Negotiation:

Why Can't We All Just Agree?
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Debt Collection:

Average Debt Collector Recovers $655,162 in Gross Revenues During a 12 Month Period
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Derivatives:

Citigroup markets "zero cost" protection for default
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Food/Drink:

Pittsburgh Brewery creditors get another week to file responses
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Defending A Preference: Ninth Circuit Holds That Even First Time Transactions Can Be In The "Ordinary Course"
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Personal Bankruptcies Continue Seasonal Growth
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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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Bankruptcy Filings Surged in Q1
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Enron:

Judge order retrials in Enron barge case
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Health Care:

Healthcare Businesses And The Appointment Of A Patient Care Ombudsman In Bankruptcy
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Congresswoman Wants to Focus Spotlight on Uncompensated ER Care
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A Top 10 Debt Buyer Enters Medical Debt Market
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Palm Drive to file bankruptcy
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Predatory Lending:

Edwards says Congress should help victims of predatory home loans
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Live now, pay later
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Payday lenders face campaign to cap interest rate
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Bankruptcy Reform:

Business Bankruptcy Reorganization in Light of B.A.P.C.P.A
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From Downhill to Slalom: An Empirical Analysis of the Effectiveness of BAPCPA (and Some Unintended Consequences)
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Religion:

Pastor led church into a financial hell
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Media:

Memo To The Media: How To Cover The Debt Crisis
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Utilities:

Calpine May Be The Turnaround Story of 2007
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Spitzer asked to investigate Mirant's Rockland plants
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UK:

Demand for IVAs set to increase
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Bank of England holds rates at 5.25%
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UK Debt Buyer Marlin Sold
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BCCI working group to back hands-on stance from judges
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DTI to crackdown on card firms
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Ofcom warns Channel 4 could go bust
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Russia:

Italian firms spend $5.8bn in Kremlin's Yukos auction
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A Yukos Auction With a 2nd Act
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Army Accounting
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PwC denies loss of Russian client is due to Yukos battle
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Japan:

Sanwa Finance ordered to suspend operations at all outlets
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China:

China curbs bank lending yet again
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