December 28, 2007
Daily Bankruptcy News
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Law:
Court Rejects Billionaire's Bid to Obtain Milberg Weiss Work Product
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Solo Sues LexisNexis, Court Officials Over E-Filing Fees
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Word Of the Day: Pelf
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A Historic Find Behind a Supreme Court Filing Cabinet
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At Some NYC High Schools: History, Biology - and Law
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Protection and Pay for Federal Judges
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Convicted of Bribery, Two Former Judges Report to Federal Prison
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Alternatives to PPP
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Former Partners' Suit Holds Up Firm's Year-End Profits Payout
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Entertainer and Fighter Is Clemens' Lead Lawyer
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Wall Street:
Citi, Merrill, JPMorgan face larger writeoffs
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US stocks fall sharply, unsettled by Bhutto death
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Most Asian markets fall on Bhutto death
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FTSE down as credit fears weigh on banks
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Wall St futures rise
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Global credit crisis expected to weigh heavily on stock markets in '08
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Sub-prime write-down report bleak
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Bonds:
ACA Gives Control to Regulator to Avert Bankruptcy
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Food/Drink:
IBC bid Detail Request Shot Down
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Judge rejects converting LeNature's to liquidation
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Software:
SCO Group delisted by Nasdaq
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Banking:
Bank Crisis may make '29 look 'walk in park'
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Banks and insurers likely to seek more capital
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Citigroup may cut its dividend by 40%
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Citi's Dividend Dilemma
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Citi, HSBC among banks mulling selling units
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Citigroup writedown could balloon to $18.7 billion
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Probes add to banks' worries in mortgage crisis
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Wells Fargo couldn't just say 'whoa'
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Wachovia chief foresees another tough year
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Sovereign funds buy stakes in banks as credit crisis deepens
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Student Debt:
Sallie Mae to Sell Stock to Pay Off a Failed Bet
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Retailing:
Major Retailers Feel the Squeeze From Consumers
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Bankruptcy Crimes:
Feds say contractor in Rowland scandal 'incorrigible'
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M&A:
Judge Rules Finish Line Must Acquire Genesco
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After the feeding frenzy of '07, it's nibble time for buyout firms
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Ratings Agencies:
Big ratings agencies didn't see the risks
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Timber:
New creditor strategy in PALCO
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Real Estate:
Housing foreclosures largest since Great Depression
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Foreclosed homes hold tales of desperation
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Waves of U.S. foreclosures pound shores worldwide
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November New-Home Sales Probably Fell to Near 11-Year Low
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U.S. weekly mortgage applications drop 7.6%
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Foreclosures to Jump 22% in 2008
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Silver Lining Elusive in Home Price Drop
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How 'Norma' begat crisis
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A CDO Called Norma
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How One Family Fought Foreclosure
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Determined Homeowner Staves Off Foreclosure for 11 Years
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Subprime Root Cause Analysis
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Continued drop in home prices 'grim'
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A real estate niche profits from rise in foreclosures
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Congress reluctant to act on mortgage lending issues
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Crucified By Your House
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Would-be Home Buyers Await Deeper Discounts
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Subprime Saga : To Be Continued In 2008
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Buyers doing bank's bidding at sheriff sales
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Economy:
Durable Goods Orders Increase Less Than Forecast
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Credit Crisis? Just Wait for a Replay
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Economic Malaise Is Widening
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Initial weekly jobless claims continue to inch higher
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US consumer confidence gains in December
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US Consumer Confidence Index Unexpectedly Rose
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Bank economists say economy to continue to slow, recession unlikely in 2008
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Don't count on a 'normal' recession
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Most Fed Cash Flows to Wall Street
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Religion:
Diocese mum on where $13.M of settlement will come from
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Insurance:
Investors seek Ritchie Capital fund bankruptcy
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Tech:
Some Pay By Touch Owners Are Also Among Its Largest Creditors
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Bankruptcy Statistics:
Bankruptcies Likely To Rise Again In 2008
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Corporate Reform:
What Word Best Describes $1 Billion?
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Student Debt:
Sallie Discloses Billing Audit
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Furniture:
Scan files for bankruptcy
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Furniture stores hit by housing slump
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Health Care:
AMS Health Sciences, Inc. Seeks Bankruptcy Protection
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Credit Cards:
Warren: Hidden Pricing
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Credit card companies reform -- just a bit
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Hedge Funds:
Hedge Funds Feeling Pinch on Credit
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New Bankruptcy Opinions
(1 new opinion 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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New wave of defaults in the offing for 2008
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Aviation:
Judge: MAXjet can help stranded fliers
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US Air to accept tickets for standby travel from certain Maxjet passengers
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Fears for business-class airlines as MAXjet files for bankruptcy
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Airline Industry to Appeal 'Passenger Bill of Rights' Ruling
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Mesa Air delays results again
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Planemaker Cirrus seeking buyer
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Newspapers:
Subprime crisis hits US newspapers' revenues
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Autos:
Federal-Mogul rises from bankruptcy
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Deloitte agrees to pay ₤19m to Delphi Corp
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Law Firms Announce Agreement in Principle Reached in Delphi Securities Class Action to Settle Claims Against Deloitte & Touche LLP for $38.25 Million
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Just in time for the foreclosure crisis: The vehicle market is in the pits too
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Credit Reporting:
Credit reporting service that failed to correct the credit report of a woman who was the victim of identity theft remains liable to pay six-figure judgment on woman's claims for economic loss and emotional distress
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Finance:
Citigroup, Goldman Cut LBO Overhang With Discounts Up to 10%
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UK:
Credit crunch set to push up bankruptcies
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U.K. Nationwide House Prices Fell 0.5% in December
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Bankrupt jailed over £130k credit
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China:
Morgan Stanley's CICC stake in doubt
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EU:
ECB drains 145.64 billion euros from eurozone markets
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In Europe, Tighter Lending but Not a Squeeze
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Company Bond Sales Fall in Europe for the First Year Since 2002
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Pakistan:
Pakistan sovereign ratings "could be lowered"
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Japan:
Japan Inflation Quickens to 0.4%, Fastest Since 1998
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Canada:
Critics take aim at new bankruptcy law
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ABCP committee confirms mystery banker
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France:
French economy faces gloomy future in 2008
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Korea:
Big S. Korean firms' optimism dips
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