August 28, 2007

Daily Bankruptcy News

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Autos:

Subprime Mess Hits Car and Truck Sales
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Kia production losses mount
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Law:

Are Associate Layoffs on the Horizon?: Credit Crunch Could Trigger Cutbacks in Some Practices
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Solution to the Billing Battle: Pad It
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Partner's Niche: Crushing Fantasies
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The Devil's in the Billing Details
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Trends in Law Firm Practices and Procedures
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Attorney General Alberto Gonzales Resigns
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Why Now?
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After Gonzales, What's Next for the Justice Department?
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Next stop for Gonzales?
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Gonzales's departure & the accompanying sigh of relief
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Loyalties Contribute to Gonzales' Fall
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Dewey Ballantine and LeBoeuf Lamb to Merge
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Dewey-LeBoeuf Deal Shows Global Growth Trend
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Is Dewey's New Flame Better Than Orrick?
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Lawyer of the Day: Faegre & Benson's Keith Radtke
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Fee Fight Leads to Nearly Tenfold Increase in Amount Attorney Owed
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Cleary Sanctioned for Trying to Interfere With Testimony
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"Civil Litigation Is Not Always Civil"
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Hairdo Advice a Don't at Cleary Gottlieb
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Everyone's a Winner at Nixon Peabody!
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Nixon Peabody's Monster Ballad
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Nixon Peabody ThemeSongGate: A Synopsis
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Life-Tenured Judge Wants off the Federal Bench
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Distressed Property Group Formed By Lawyers
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Debt Relief Attorney Suspended
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Judicial Ethics Question of the Day
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No Jury Duty for Janet Reno
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Judges' Secret Bias Revealed
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Judge Fines PD: 1 Day OK for Trial Prep
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Say What?!
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Economy:

Home Sales Drop, Inventories Increase
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Stocks are down after a weak housing report
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Insiders' buying by banks, insurers rises to highest since 1995
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LBO Repair Job
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Utilities:

Calpine Rejects Offers To Buy Stake After Bankruptcy
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Calpine files amended plan of reorganization
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Paper:

Port Townsend Paper Exits Bankruptcy With Restructured Balance Sheet, New Ownership
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Aviation:

Delta CEO to Earn Up to $15 Million
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Airline Shares Fall Along With Market
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Credit Cards:

Credit-card defaults on rise in US
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Theme Parks:

Parks America Inc Tours Wild West World
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Sale irks potential bidders
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Zoomerz owners file to reorganize again
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Hedge Funds:

Bear Stearns Judge Delays Ruling Banning US Suits
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What Is The Deal With Hedge Funds?
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Hedge Fugitive Freed
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In Volatility, Redemption for Manager
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Accounting:

Stopping the Enron End-Runs and Other Trick Plays: The Book-Tax Accounting Conformity Defense
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Senator Asks Big Four for Subprime Fix
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On Occasion, You Don't Get What You Pay For
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Real Estate:

Existing home sales fell in July
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US home resales lowest in nearly 5 years
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"The Best Loan Possible" from Whose Point of View?
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European stocks slide on fresh US housing concerns
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In Washington, Aid to Homeowners Debated
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Clinton's bailout
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Homebuilder shares fell sharply Monday
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Fannie Mae lets troubled lender service its loans
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Eye of a Housing Hurricane
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California home sales slide 23% in July
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Thornburg pays Wachovia $5.1 mln following dispute
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Do We Need to Bail Out Homeowners?
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Home Depot accepts $1.8 billion less for wholesale supply unit
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Redone Depot Deal Not Thought Contagious
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Mortgage meltdown claims new set of victims
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American Home Mortgage and Fannie Mae reach agreement
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Queen's Seaport Commands $43M at Auction
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$2-billion mortgage deal puts Bank of America CEO in spotlight
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Buyers, sellers square off
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Housing goes from bad to worse
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Glut of homes hits 16-year high
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Foreclosure Scams Skyrocketing Across S. Fla.
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Even in 'scary' era, some home buyers can still get loans
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Claim may affect Magnus workers' pay
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The House That Red Ink Built
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As Mortgage Mess Unravels, Some Investors Clean Up
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Subprime Woes Wipe Out Lender's Dividend
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Mass Torts:

Tersigni Accountant Bills in WR Grace Case Probed
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American Biltrite Receives Noncompliance Letter From Amex
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Asbestos, Hidden in Plain Sight
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Katrina:

Small businesses ravaged by Katrina struggle to return
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Religion:

Court decision puts new pressure on San Diego diocese
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An end to diocesan "gamesmanship"
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Corporate Reform:

SEC Names New Chief of Surveillance
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Union urges auditors to dig deeper for exec options excesses
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Conrad Black requests new trial
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Lawyers Ask Judge to Postpone Abramoff Sentencing
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Tax:

Employer and employee groups protest IRS call on cash-balance pension conversions
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Steel:

Stelco bankruptcy investors reap sevenfold return
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Stelco buyout upsets past shareholders
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It didn't have to end this way
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Forging a steel takeover
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Health Care:

Bankrupt Tyrone Hospital begins financial turnaround
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Hospital board hints at change
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Bankrupt hospital says $600,000 loss is improvement
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Hospital workers briefed on jobs
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St. Vincent's Accepts Fate, Paying a Fortune To Close
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Asset Protection:

Friends And Family In Asset Protection Planning
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Wall Street:

Stocks are set to slide Tuesday ahead of data on consumer confidence and the release of the Federal Reserve's minutes from its last meeting
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Downgrades
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Use Of "Big Boy" Letters
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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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Avoidance Actions:

The Dark Side of the Bankruptcy Decline
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Bankruptcy Statistics:

Bankruptcy filings back on the rise
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Personal Finance:

Cash genie could be running short of magic
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Be ready when your subprime lender calls
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Nonprofit Payday Loans? Yes, to Mixed Reviews
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Student Debt:

College credit that fails students
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Food/Drink:

Interstate Bakeries to Exit Bread Market in Southern California
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1,300 jobs will vanish as Wonder bread leaves SoCal
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Teamsters union challenges IBC reorganization plan
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Winn-Dixie Reports Significant Financial Improvement
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Skipper's hoists new sails
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Refco:

Trusts sue Refco advisers for $500 million
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Academia:

I get to be a professor again
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M&A:

The Incredible Shrinking Deals
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Golf:

Cat Island golf club up for auction
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Celebrity:

More of Lou Pearlman's personal possessions go on the auction block
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Everything sells at latest Pearlman auction
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Pearlman's palace finds buyer for $7.1-million
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McLean assets inventoried
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Corporate Governance:

Trenwick--The End of Jaw-Boning
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UK:

Wall Street-on-Sea feels chill amid talk of shake-out
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City bonuses hit record high with £14bn payout
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Carlyle bails out its $20bn Dutch fund
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Dicom software looks to rebuild revenue after sub-prime knock-ons
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Barclays denies debt market threat
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Almost a third of UK business pays no tax
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EU:

Trichet summoned by EU lawmakers to discuss subprime
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Germany:

German Banks Buy Up To Bail Out
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Barclays helped design conduit for SachsenLB
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German business outlook slips in August
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Russia:

Russia says Switzerland's stance on Yukos politically motivated
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Australia:

Mortgage delinquencies high
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Netherlands:

Costs and Recovery Rates in the Dutch Liquidation-Based Bankruptcy System
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Canada:

Restructuring experts suddenly find themselves in demand
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