August 3, 2007

Daily Bankruptcy News

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Bankruptcy practices come of age
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Skaddens Restructuring Lawyer Wrote The Code On Bankruptcy Law - Now He's Changed Firms Too
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Law:

Susman Godfrey's associates smiling
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Former lawyer sentenced for embezzlement from former clients in bankruptcy cases
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Web sites, coaches and kooks are banking on disgruntled associates looking for a way out of BigLaw
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Final Likely Loss for 'Pants' Judge: His Job
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Freshfields admits M&S conflict
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The Expensive Conflict Of Interest Error Made By Freshfields' Lawyer
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Revealed - the tightest law firms
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Recruiting Lawyers for Document Review ... in India
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What Protection Does Rule 37(f) Provide?
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Lawyer Wins Six-Figure Fee in Court Fight to Fire His Own Partner
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Ahoy, Mateys! Avast, Ye Swabs!
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Firm's "not legal" branding
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Two BigLaw Firms Join Pay-Hike Parade
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Alston & Bird Raises First-Year Pay to $145K
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Pay Raise Watch: Alston & Bird, Called Out
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Perk Watch: Vacation
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Decker Will Return to Cozen O'Connor as CEO
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Montgomery McCracken Acquires Investment Group
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Sheep refuses to testify
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New Bankruptcy Dept for Cravath
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2007 Shaping Up as Big Year for Law Firm Mergers
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Imams Booted Off Plane Won't Sue Fellow Passengers
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Unlicensed Gen'l Counsels are Unusual
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Some Insight Into How Good Lawyers Go Bad
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They hate lawyers in Canada, too
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Say What?!
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Religion:

Church Attorneys challenging bankruptcy court
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Nuns Named In New Church Sex Abuse Lawsuits
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Student Debt:

Indiana State suspends ad contract pending probe
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Economy:

Jobless Claims Up, but Labor Market OK
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Overpricing is everywhere - Prepare for a global reckoning
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Aviation:

Airlines Face Pilot Shortage
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Pilots say incentives won't raise NWA costs
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Entertainment:

Wild West World Rides to Stay, For Now
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Lawyer anticipates offers for Wild West World
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Health Care:

Latest twists and turns in Inyx saga
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Laurel Regional Hospital: 'Doing the best we can'
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Pain starts to spread as state shuts its wallet
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Hedge Funds:

The Bad News Bear Stearns
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Bear Stearns exec: Market fall healthy
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Some hedge funds racked up big profits amid the markets' woes in July, usually by betting on problems in the subprime-mortgage market
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Bear hedge fund sank as Merrill protected clients
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Autos:

Bankruptcy judge approves $2.55 billion Delphi investment plan
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DURA Automotive Systems, Inc. Files Backstop Rights Purchase Agreement
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New era begins for Chrysler
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Lear reports $123M profit
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Real Estate:

American Home Will Close as Loan Demand Collapses
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American Home Mortgage to lay off thousands
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American Home Mortgage Goes Down; How Far Will This Go?
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An opportunity for American Home Mortgage workers
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American Home Lending RIP: A Specter Of Recession?
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Accredited Home Lenders' Shares Plunge 46% After 10-K Filing
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Bonfire Of The Builders
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The Daily Show on Subprime Lending
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The Pain Moves Beyond Subprime - The debt and leveraged-buyout markets have stalled, and more trouble lies ahead
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Investors are lining up to buy banks' problem real estate loans
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Home mortgage lenders are cutting off credit or raising rates for more Americans, extending well beyond the subprime market
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Lenders broaden clampdown on risky mortgages
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Analyst Cuts AHM Target to Zero
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Does Lone Star Still Want Crumbling Accredited?
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Countrywide Has `Significant' Short-Term Funding
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Prudential sees buying opportunity in subprime fallout
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NY Law Firm Launches Subprime Mortgage Practice
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Mortgage problems may spur lawmakers
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Subprime: "The financial N-word"
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Hedge Fund Citadel increases stake in Beazer Homes after bankruptcy rumors
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US Housing Is Among "Biggest Bubbles"
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Subprime blues have historical echoes
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Property management company under investigation files in Federal Bankruptcy Court
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New Boise Tower developer declares bankruptcy
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Bankruptcy filing isn't likely to doom development on Boise Tower site
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MBIA says subprime 'no threat' to $114 billion CDO exposure
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Parts of secondary mortgage market freeze up for lenders
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Pressure mounts on US mortgage groups
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Subprime grenades
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Commercial property delinquencies notch first hike in over three years as real estate woes spread
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Subprime Detectives Search In Dark for Next Victim
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CDO Managers Feel Pain of Subprime Slide
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FTC, Subprime Mortgage Servicer Agree to Modified Settlement
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Corporate Reform:

Brocade trial seen as test for backdating cases
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CNET Options Inquiry Becomes Formal
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Former Investment Guru Gets Prison
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Bankruptcy Crimes:

Fraud case targets couple
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Derivatives:

Credit-Default Swaps Fall for Week as Traders See Risks Abating
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Municipalities:

Town that died shows signs of life
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Felicia Turner Appointed Deputy Executive Director of American Bankruptcy Institute
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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), (12)
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Warren: Talking the Talk about Bad Debtors
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Is a Chapter 11 Flood Coming?
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Telecoms:

Judge OKs Amp'd Mobile sale
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Senior Debt:

Grandpa may be drowning in debt
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Finance:

Credit market turmoil effects may last years
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The global credit squeeze has caused 46 financing deals to be pulled since June 22, representing over $60 billion in funding
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Golf:

Ravines files for bankruptcy
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Retailing:

Hancock Fabrics reports $10 million loss
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Ronco assets go for $6.5 million
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Utilities:

California attorney general asks court to reject Calpine plan
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Enron:

NatWest Three trial date delayed
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High-yield funds in credit market turmoil
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UK:

Bankruptcies to go up by 25% since the same time last year
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SRU tries to crush its own investor with eviction and ý1.4m demand
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Taxman targets 100,000 more offshore dodgers
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£40m in bonuses for failing pensions staff
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Number going bust set to increase
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Taxman's demands deepen Leeds crisis
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How I survived bankruptcy
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Insolvencies in the Second Quarter 2007
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Personal insolvencies up 4.2 percent, sharp slowdown
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Surprise fall in insolvencies
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What Do The Latest IVA and Bankruptcy Figures From the Insolvency Service Show Us? It's Not What You Think
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IVA figures drop but bankruptcies leap
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Debtors face yet more worry, as banks impose unrealistic hurdle rates on IVAs says insolvency trade body
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UK Subprime Pushes Repossessions to Eight-Year High
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Consumer Judgments Up By Five Percent
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Israel:

Construction firm Heftsiba in dire straits
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Bankruptcy fears prompt homeowners to break into apartments
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Australia:

Losses mount from sub-prime mess
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Members Equity Scraps Bond Sale; Subprime Woes Spread
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Germany:

Spotlight falls on Germany's lenders and insurers
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National reputation hangs on IKB rescue
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D Bank's chief blew whistle on IKB
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