December 3, 2007

Daily Bankruptcy News

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Law:

Lawyers Compete, Except in Bonuses
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All's Too Quiet on West Coast Bonus Front
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Howard Rice Axes About 20 Staff
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Merged Firm Recruits Its First High-Profile Partner, In Bankruptcy
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LeBoeuf Shooting for the Stars
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Am Law 200 Managing Partners Issue Fog Advisory for 2008
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Federal Judge Lands at Center Of a New York Legal Mystery
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Judge Hammers Firm and Partners, Bemoans Loss of Civility
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Manatt Phelps to Swallow Steefel
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Akerman Senterfitt Acquires 21-Attorney Firm
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Site Tracks Sales of Lawyers' Lairs
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Scruggs now the little guy in fight of life
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L'Affaire Scruggs: Judge Henry Lackey Speaks Out
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"He wasn't even the hottest bankruptcy attorney at the reunion"
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Award Upheld for Attorneys Overcharged for Records
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NY Law Schools Report Record Gains in Bar Exam Pass Rate
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Glimpse of Federal Courts' Recusal Process
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Diversity, for Better or Worse
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Sullivan, Skadden Emerge as Top U.S. Firms in European M&A
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Management Shakeup at Jones Day - Atlanta
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Woman Rubbed the Wrong Way by Toilet Paper Tax Wins Suit Against Kmart
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What Should Beirne Do?
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Say What?!
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Real Estate:

Warren: Subprime Solutions: Private or Public?
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Subprime Debacle Traps Even Very Credit-Worthy
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Clinton to Call for Freeze on Foreclosures
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Washington's sub-prime fix expected
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US Urges Freezing Some Rates on Loans
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Attempt to freeze sub-prime rates could lead to investor protest
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US Expands Scrutiny of Home Lenders
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Troubled Builders, Bargain Seekers United
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US mortgage industry hashes out rate-freeze plan
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Plan offers little help to borrowers
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Paulson Presses for Subprime Accord, Investors Wary on Details
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Paulson's Plan to Punish the Public
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Freeze May Generate Heat
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Government regulation brought us the housing disaster
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Judges Crack Down on Law Firm 'Foreclosure Mills'
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"Foreclosure Mills"
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Homebuilders Singing The Negative Covenant Blues
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Piling abuse atop borrowers in trouble
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Acting quickly might help you keep home
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New loan regulations under review
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Los Osos developer files for Chapter 11
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Construction spending drops sharply in October on tightening credit
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Manhattan: Between Buyers and Sellers, a Stalemate
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Wachovia seeks foreclosure on Levitt-owned properties
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N.J. subprime woes worse than nation's
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Dunmore Homes to Sell Land
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Difficult Choices: World Health, or Type A Person in a Power Suit
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TransLand, Banks to Dismiss Ch 11 Case
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Jamaica area is ground zero of foreclosure crisis
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Suncoast Files for Ch. 11 Bankruptcy Protection
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How To Spot Signs The Housing Crisis Is Nearing Bottom
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Mortgage brokers irked by new law
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Easy loans & painful losses
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Examining the subprime-lending crisis
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Adjusted mortgages deal blows
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Behind the Meltdown: Out and down
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Jackson calls sub-prime crisis an "economic tsunami"
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Wall Street:

Innovating Our Way to Financial Crisis
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Morgan Stanley may face $5.7 billion Q4 writeoff: report
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Morgan Stanley fires Cruz missile as crisis bites
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How Zoe Cruz Lost Her Job On Wall Street
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Morgan Stanley Shakeup May Mean Less Risk Taking
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Top Ranks of Women on Wall Street are Shrinking
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Still Selling Women Short
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The Long and Short of It at Goldman Sachs
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Wall Street is likely in store for choppy '07 finish as credit crisis, Fed hangs over stocks
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Art:

Govt Wants Art Gallery Probe
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Utilities:

Calpine Turns Its Back on $80M
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Economy:

U.S. profit outlook dims further for '07 and early '08
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Recession Hits U.S. Corporate Profits; Economy Might Be Next
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Leaking investment funds spark insolvency fears
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Emerging-Market Bonds Rally on Speculation Fed to Cut Rates
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Once upon a time we all believed in the magic of the Fed
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Paulson Crafts Subprime Deal to Prevent Second Bush Recession
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BoJ chief: Global economy may worsen
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Housing clouds jobs outlook
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Credit Rating:

European Notes Gain as Moody's Report Spurs Safe Asset Demand, Big Rating Cuts On Horizon
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Yen Rises as Moody's Prepares Rating Cuts on Subprime Losses
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Dollar Falls as Moody's Prepares Rating Cuts on Subprime Losses
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Severe CDO rating cuts over, "healing" ahead: Fitch
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Moody's May Cut Ratings on $105 Billion of SIVs as Values Sink
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Municipalities:

Florida Schools Struggle to Pay Teachers Amid Freeze
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Freeze Is On In Florida
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Local officials want state to save investment fund
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Florida Says Unfreezing Local Fund Would Spark a `Fire Sale'
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Florida Weighs Steps Needed To Lift Freeze on State Fund
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Run on Montana Fund
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Aviation:

Major AMR shareholder slashes stake
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Health Care:

NJ hospitals living on the edge
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AMH posts operating profit of $1.1 million
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Haven Healthcare Raided
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Bankruptcy Trustee Appoints Haven Caretaker
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Court Approves Haven Budget
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Furniture:

Levitz customers angry after bankruptcy
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Politics:

Democrats focus on poverty in snowy Iowa
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Hillary and the politics of disappointment
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Hedge funds betting big on US presidential race
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Edwards: A wealthy champion for the poor
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Personal Finance:

Holiday debt can feel ho, ho, hopeless
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How To Handle a Cash Crunch
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Elder Debt:

The fleecing of Frances Taylor
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Homeowners in debt, seniors prime targets
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Predators hunt for senior nest eggs
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Autos:

Judge oks sale of Delphi brake plant
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Delphi faces crucial bankruptcy hearing
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Dura Seeks Extension in Ch 11 Plan
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Dana seeks bond, tax break from city
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American Axle hopes to land 'me too' deal with the UAW
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Enron:

Lay's widow files to keep $13 million
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Widow of Enron founder Lay says her husband didn't commit any crimes
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Enron's Fastow Assigned to La. Prison
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NatWest Three given £3.5m payback reprieve
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Ethics Risk Landscape Just as Treacherous as Before Enron
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Credit Cards:

Charge the Rent, but Only if You Don't Need To
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Oil/Gas:

Is biofuel industry boom going bust?
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Mead ethanol plant filing bankruptcy
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Stock Brokers:

E*Trade: Total Cost of Screw-Up: $9 Billion+
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E-Trade deal and heavy new debt supply good for the short term, troubling for the long term
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Retailing:

Sears boss goes on the defensive
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Insurance:

Fraud Investigators Brace for Arsons from Subprime Mortgage Crisis
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Corporate Reform:

Black defends his rant against U.S. system
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The hunt for Black's hidden millions
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M&A:

LBOs: Will Investors Learn?
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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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NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

Bankruptcy Reform:

Dodd seeks change in bankruptcy law
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Durbin says borrowers need help
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Pending Legislative Summary
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Means Testing:

IRS National Standards for Allowable Living Expenses and Local Standards Updated
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Bankruptcy Rules:

Important Business Bankruptcy Rule Amendments Just Took Effect
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Leisure:

RV manufacturer files for bankruptcy protection
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Banking:

Senator Dodd floats bill that would restrict non-financial companies from opening banks
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Banks fail to escape sting of subprime
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We'll all pay a steep price for greed of bankers
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'Big Six' audits will take tougher stance on banks
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Dog Days of Winter
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$17 million still lost in check case
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Food/Drink:

Xyience Fires Sales Staff
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Credit Cards:

Credit card debt film hits nerves
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Digging out of a credit card trap
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Celebrity:

OJ and that 'weird gap'
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Predatory Lending:

Petitions now tool in payday loan fight
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Mining:

Asarco Bankruptcy Passes $11 Billion Tab to Taxpayers
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Hedge Funds:

Crushing Bear Hug
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Aviation:

Familiar face pushes airline merger
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Addiction:

Shopping addicts struggle with the holidays
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Health & Beauty:

Global Vision Faces Fraud Investigation, Examiner
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UK:

Buyout group threatens to walk away from Northern Rock bid plans
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The battle for Northern Rock looks set to intensify this week
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Virgin's bankers have not agreed Rock funding
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Virgin silent on talk that Rock bid backer Deutsche will walk
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Will Northern Rock be stuffed by Christmas?
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Northern Rock signs up Laurie Adams
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How bankruptcy pricked Baines's pride
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U.K. Manufacturing Growth Unexpectedly Quickens
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U.K. Rate Vote Splits Economists the Most Since 2004
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UK banks face further writedowns
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RBS to reveal extent of credit crisis exposure
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City bonuses: after the long feast, time for some famine
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EU:

Europe Manufacturing Growth Accelerated in November
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After Four Bullish Years, European Stocks Brace For Trouble
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Germany:

Homes of former and current IKB executives raided
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Insider trading probe at troubled German bank
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Canada:

Public denied access to Thow's financials
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College's shutdown burns students
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Sorting out the commercial paper mess
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Australia:

Australian Company Profits Unexpectedly Drop 2.1%
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Japan:

More companies report no growth
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