August 20, 2007

Daily Bankruptcy News

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Law:

Firm Kills Billable Hour for First-Year Associates
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Who Represents America's Biggest Companies
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Sonnenschein Nath's Expansion Plan Proceeds Slowly
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After the First Law Firm IPO
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Pay Raise Watch: Sutherland Asbill & Brennan
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Dreams (or Realities?) of Chucking it All
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A weasel-free take on legal services and the credit crunch
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Living in Justice Kennedy's World
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"Best Law Firms for Women"
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Firms Bask in 'Best for Women' Plaudits
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Lawyers fire clients who don't pay, raise a stink, or just stink
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Lawyerless Litigation: Is More of It on the Way?
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NY Lawyer Who Claims She Was a Partner Wins Round Against Firm That Says She Wasn't
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Ex-BigLaw Associate's Murder Still an Unsolved Mystery
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Issue of 'Strategic Recusals' Arises in Key Supreme Court Case
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Fired Firm Alleges Client, Co-Counsel Sabotaged Fee
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Federal Circuit Denies Appeal by Attorney 'Wronged' in Court
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Saving Good Judgment From the BlackBerry Culture
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Houston Bankruptcy Law Firm Busby & Lee Announces Expansion of Federal Consumer Bankruptcy Practice
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Tech-Savvy Tips for Trials in the Sticks
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K&S Helps Blackstone Deals Move Quickly
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You Call That a Notice of Appeal?
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A New Sheriff In Town? KSR Shows Its Might in East Texas
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Professor Chases Attorneys Fees Hard
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'Better Mousetrap' Tallies Billable Hours
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Practical Skills Training for Lawyers
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Facebook for Lawyers?
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Montreal's legendary Desjardins Ducharme to close
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K-Fed's Legal Team Running Hotter Than K-Fed's Career
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Economy:

Wall Street Awaits Fed's Next Move
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How a Panicky Day Led the Fed to Act
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Some see Fed's about-face as Bernanke's first big error
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Debt and Spending May Slow as Housing Falters
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Bernanke's `Rookie Mistake' Forces Fed to Shift Focus to Market
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World hangs on what this man is thinking
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Markets shoot up on global rally
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The credit compass offers no direction
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Fed likely must do more in credit crisis
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Fed's small assist won't erase economy's problems
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How the Fed makes sure there's enough cash in the system
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Asian markets recover but caution prevails
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Cheap cash gets the credit for averting crash
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Inflation Risks Vanish in Financial Market Haze
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Migrant cash is world economic giant
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Immigrants send less cash home as construction slows
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Traders turn to black humor
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Bankruptcy Statistics:

Bankruptcy files rise 48 percent in first half of 2007
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Economic pressure boosts personal bankruptcy filings
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Food/Drink:

Bankrupt beverage firm's CEO a highflyer who disliked dissent
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Kirkland Ranch Winery Completes Ch.11 Bankruptcy Restructuring
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Debt Collection:

Debt collectors are siphoning federal benefits
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Media:

Creditors Finally Get Adelphia Monday
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Corporate Reform:

U.S. regulators co-ordinate `scheme teams' to tackle illegal trading
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Undue Influence at the SEC?
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SEC Charges Brocade's Former CFO in Backdating Case
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Backdating for dummies
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"Failure to Question" Snags Impath Exec
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Insider's Acquisition Of Claims To Create Accepting Impaired Class
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Autos:

Graceful exits: Five cases wend their way through complex process
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What will this man do with Delphi?
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IUE-CWA members ratify 4-year contract with Delphi
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Big 3, union talking big trade-offs
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Hedge Funds:

Sentinel Sold to Citadel Too Cheaply, Customers Say
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Fund manager files for bankruptcy
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Hedge fund flop a Huizenga flap
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Quants 'victims' of own success
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Money funds feeling the heat
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Will Country Music Be a Cure for Hedge-Fund Victims?
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Why $70 Million Wasn't Enough - With Wall Street Rules Changing, A Goldman Star Felt Underpaid
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Stop the hedge fund casinos
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Accounting:

What's Your Fraud Score?
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Jury's fraud penalty stuns auditor
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Dell accountants spank themselves
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Back to Big-time Consulting
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The SarBOX: Accounting czar is a $600,000 man
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Mass Torts:

New rules allow asbestos in toys
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'It's a horrible way to die': Lawsuits mounting over asbestos-related cancer
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Politics:

Foreclosures put Edwards on defensive
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Edwards Says He Will Drop His Investments in Subprime Lenders
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The subprime contagion of John Edwards
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Waking Up to the Real Estate Nightmare
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Textiles:

Quaker Fabric files for bankruptcy
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Telecoms:

How the "can't miss" wireless startup Amp'd Mobile burned through $360 million and found itself in bankruptcy
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Health Care:

The face of the global credit crisis
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Hospital shows signs of rebound
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Debtor seeking hospital building
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A troubling indicator of hospitals' health
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Southwestern General Hospital May Be Leaving Nursing Homes Without Service
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Southwestern General Hospital lays off 100 workers
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Aviation:

NWA Invites Flight Attendants Union To Meeting
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Kitty Hawk's bumpy ride
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First payments to Swissair creditors set for November: liquidator
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Wall Street:

What You Need to Know About the Market Selloff
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Should Wall Street pay for sub-prime sins?
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Lessons of Past May Offer Clues To Market's Fate
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Stocks May Grow More Volatile After Fed's Rate Cut
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Private Equity:

How private equity groups are adding insult to injury
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Banking:

Banker who made a career out of crisis - The Red Adair Of Banking
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Banks facing sharp end of global equities rout
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It's hard out there for a bank...Suddenly on the hook for LBOs, short-term debt
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Publishing:

Authors in limbo over publisher's bankruptcy
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Utilities:

Calpine Debt Another Weight On Wall Street Balance Sheets
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Rating Agencies:

Rating Agencies: The Bribed Referees of Securitization?
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The $18 trillion unpaid price of financial alchemy
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Bankruptcy isn't always the end of success in business
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She's got debt on the ropes
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New Bankruptcy Opinions
(No new opinions 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), (12)
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Real Estate:

Shifting blame from subprime loans
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Countrywide said to start layoffs
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Could mortgage giant Countrywide go bust?
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No Credibility Left for Countrywide
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Did Countrywide Get a Hand from the Fed?
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A Primer on the Woes at Countrywide
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Subprime Infects $300 Billion of Money Market Funds, Hikes Risk
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Solent Capital May Have to Sell Mainsail Fund Assets
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Money for Nothing and Checks for Free: Recent Developments in U.S. Subprime Mortgage Markets
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Debt again - The mortgage crisis has surprising roots that go back decades
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After the Pain of Foreclosure, a Big Tax Bill
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Loan by Loan, the Making of a Credit Squeeze
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Few Heard Ticking Credit Time Bomb
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First Magnus: Boom to bust in three weeks
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Ariz. regulators move to fine, pull license of mortgage lender
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Lender's collapse costs 6000 jobs in US
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Impac Dismisses Bankruptcy Talk
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IndyMac: Blind Optimism?
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Tactics differ for 2 firms in crises
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Credit (Only) Where Credit Is Due
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NovaStar will lay off third of workers
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Mortgage Insurer Radian Draws On Credit Line, Faces Lawsuits
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Subprime spotlight harsh for mortgage insurers
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Creative financing tools now biting homeowners
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Milwaukee landlord files Chapter 11
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Laughlin Ranch bankruptcy decision expected Monday
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The dream of home ownership, now a nightmare
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Don't mess with mortgage economics
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Worst of subprime ripple effects yet to come: senior economist
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Lawsuit Is Latest Obstacle to Accredited Home Lenders, Lone Star Deal
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Campbell, John Henry Get Losses as Subprime Devours Carry Trade
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Subprime tactics backfire on everyone
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Nevada's foreclosure rate highest in the nation
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Avoiding the Credit Storm, by Swimming in Midstream
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Investors fixate on Fed in hopes of new rate cut
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The Crisis's Other Victim: Chillin'
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Home prices boosting US household debt
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Amstar Mortgage Corporation Announces Layoffs
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This year, mortgage expo is no party
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Sub-prime spectre haunts soyabean complex
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Religion:

Iowa diocese asks court for time to negotiate with insurers
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Credit Cards:

Card Debt on the Rise as Brokers Anticipate Record-Setting Volume
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Third Circuit Court of Appeals Decision Offers Trade Creditors Guidance on Dealing with Financially Troubled Companies
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Bankruptcy Courts Lack Authority to Issue Writs of Habeas Corpus
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The M&A Deals Most at Risk
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Credit angel's slide to junk stunningly swift - and costly
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UK:

Vultures circling as bargains emerge
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Liars' Loans
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Banks' attitude to IVAs under fire
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Biggest housing market slowdown for 18 months
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Hospital phone and TV firm stuck in mire of debt
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Banks accused on student debt
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Russia:

Rosneft emerges as victor in nest of deals
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Germany:

Why German Banks Face Especially Tight Squeeze
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