August 7, 2007

Daily Bankruptcy News

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Law:

The City of Brotherly Love and Chatty Summer Associates
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Fried Frank Elects New Bankruptcy Partner
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Baker & McKenzie LLP Strengthens Corporate Restructuring and Bankruptcy Practice with Three New Partners in Chicago
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"Associate Moneyball"
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Party Almost Over for 2007 'Summers'
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Big Firms, Short Interviews
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Perk Watch: Free Food and Drink
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Aging Attorneys ABA Focus
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Moscow chief elected chairman at White & Case
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A Very Odd Summer Associate Assignment
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Summer Associate Story, or Dumb Blonde Joke?
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MoFo Billing Ticks Off Kentucky. Was it the Limo?
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K&L Gates names diversity director
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Lawyers Are Rats, Eh?
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Dismissal Hearing Concluded in Milberg Case
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Hit 'Delete' to Prevent EDD Disaster
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Ebbers' Ex-Banker Fails in Bid to Prove Harm by Paul Weiss
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Law Firm Retirement Policies Expected to Be Hot Issue at Annual ABA Meeting
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Say What?!
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Remember Those Weird Radio Ads Mentioning Hogan & Hartson?
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Economy:

Fed to Meet Amid Housing, Credit Worries
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Fed expected to leave interest rates unchanged
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Merrill Says Fed to Cut Rates in October on Slowdown
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Economic landing tough on consumers
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Utilities:

Rosetta, Calpine reach partial agreement in gas dispute
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Entergy NO earns $11.8M post-bankruptcy
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Investment Banking:

Is Merger Advice Worth the Price?
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Health Care:

U.S. hospitals struggle over who can afford to pay
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US hospitals' bad debts add up to healthcare woe
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7 antibiotics free at Publix
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Tri-City out of bankruptcy after 3-plus years
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Lives in the Balance in Prince George's
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Heavy Equipment:

Artco Equipment files for bankruptcy
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Food/Drink:

City seeks to rezone long-idle brewery
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Le-Nature's plant to be auctioned in bankruptcy court Thursday
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Financial Literacy:

Improve education to slash bankruptcies
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Turnarounds:

Turnaround artists give hope to creditors
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Wall Street:

LBOs drying up on Wall Street; investment banks could lose $1.3 billion in fees
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Many confront failure through Chapter 13
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Autos:

Nardelli is strike one for Chrysler
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Chrysler Gets Nardelli's `Fresh Set of Eyes'
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Looking for a star turn
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Chrysler's In US Hands, But Future May Be Overseas
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Chrysler seen profitable within 3 years
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New boss a mystery to UAW
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Chrysler's Drill Sergeant
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Choice for Chrysler CEO blasted
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Chrysler CEO's past pay, union history a concern
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Delphi pact would guard health care
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Real Estate:

NovaStar to Resume Lending
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NovaStar halts brokered loans
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Countrywide Financial's shares fall below book value
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Clinton seeks aid for at-risk homeowners
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Countrywide, Bear Stearns debt protection costs jump
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Drywall Maker in Pain as Housing Suffers
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CDOs: Waiting for the Next Shoes to Drop
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ABCP conduits not hit by American Home tumult
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Mortgage problems hit Houston
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AHM CEO Forced to Sell 3M Shares
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Fannie Mae asks to buy more mortgages
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Countrywide Tries to Reassure Investors
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Rival's Bankruptcy, Downgrade Rattle Impac Mortgage
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Midwest foreclosure rate leads nation
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Mortgage Defaults Will Rise Into 2008
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Vulture investor Ross turns sights on subprime
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Turmoil eats away at big mortgage lenders, one filing for bankruptcy
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Who's Afraid Of Subprime?
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Student Debt:

Loans crisis balloons student drop-out rate
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Enron:

Enron broadband defendants say charges should be dropped
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Enron broadband judge slams government's case
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NatWest Three ask judge to force ex-colleagues to talk
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NatWest Bankers Seek US Court Order to Depose UK Colleagues
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Settlement OK'd in Enron power project case in Brazil
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Telecoms:

Pac-West would go private to emerge from bankruptcy
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Retailing:

Sanders Morris writes off Ronco loan, to take 7-cent Q2 EPS hit
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Credit Cards:

Warren: Arbitration First-Hand
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How Credit Got So Easy
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Zywicki: Evaluating The Two Income Trap Hypothesis
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Perrott Bankruptcy, Part 1: The bankruptcy Opens
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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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Corporate Reform:

Rigases - Six Days to Jail
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Senators slam SEC over insider-trading investigation
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Hedge Funds:

Bear Stearns Shares Fall After Warren Spector Ousted
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Bear Stearns Caymans Filing May Hurt Bankrupt Funds' Creditors
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Bear Stearns Cos Inc: Of Humpty Dumpty walls and falls
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Bear Stearns will fight to keep fund afloat with $3.2bn rescue
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Facing Crisis of Confidence, Bear Hopes Schwartz Is Fixer
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Bear Stearns: a bridge too far
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Market wipes $2.4bn off Bear in a week
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Aviation:

US airlines on track for worst-ever year for delays
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Lessons from a flight nightmare
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United pilots, attendants push to revisit givebacks
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UK:

UK gym club chain appoints bank to carry out strategic review
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Grant Thornton warns that drop in personal insolvencies is not the turning point
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Debt Index increase reveals that banks may not have seen the worst yet
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Debtors face yet more worry, as banks impose unrealistic hurdle rates on IVAs
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Increase in interest rates not impacting corporate insolvencies yet
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Debt mountain rests on the shoulders of the young
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Canada:

Payday lenders face new rules, but consumers group says problems remain.
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Distressed Debt Purchasers in Canadian Restructuring Proceedings -- The Quebec Court's Recent Consideration of Rogue White Knights
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Israel:

Victims of Heftsiba bankruptcy unite
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Heftsiba creditors cleared by court to take properties
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Committee urges intervention to save jilted Heftsiba customers
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Australia:

Australians sinking further into debt
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China:

China to set securities protection fund
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Russia:

Yukos' assets in Netherlands cannot be sold - Yukos Finance
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Hungary:

New Hungarian Bankruptcy Law Protects Secured Loans
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Italy:

The Protection of Creditors in Italy
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Japan:

Private Equity's Role in Turnarounds, Workouts and Insolvencies
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