February 20, 2007 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Bankruptcy News on the Internet 

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

US Legislators to Introduce Airline Passengers Law
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JetBlue: Calm After Storm
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JetBlue may be forced to institute changes that could make the discount airline more like its rivals, following a days-long operational meltdown
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'Abandoned' in Cheyenne
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Plans to resume all JetBlue flights today after service meltdown
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JetBlue cancels flights, to present 'Bill of Rights'
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NWA to make good on employee stock
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Pilots trying to hold MAIR to '04 deal on job security
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For AMR, a Pilot-Salary Fight Looms
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Swissair's last CEO could get 6 months in jail
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AMR Labor Talks May Get Turbulent
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ALPA to Fight Encroachment on Mesaba Pilots' Job Security
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Qantas sacks mile-high attendant
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French Premier Confirms Airbus Plans For Job Cuts
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Law:

Perkins Coie slowly builds Chicago office
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Latham is latest LA firm to post strong '06 figures
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Mayer Brown suffers NY exodus
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Bierne, Maynard starts bankruptcy group
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Law Firm Technology Trends for 2007
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Media storm surrounds Freshfields after lawyer death
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Of misery and money
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Law firms need to change their ageist ways
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Real Estate:

House Price Rises Lose Steam
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After Subprime: Lax Lending Lurks Elsewhere
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How will the banks cope with bad mortgages?
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Bankruptcy Reform:

BAPCPA Introduced a Whole New World for Preferences
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Landlords Flex Muscle in Ongoing Tug-of-War Over Leases BAPCPA Imposes 'Statute of Limitations' on Assumption, Rejection
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Chapter 11 Pay Plans Surviving Increased Scrutiny Incentive Plans Are Replacing KERPs Under BAPCPA
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Hillary's brother due in bankruptcy court
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Enesco and Tinicum complete asset sale
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Time to clip the wings of vulture funds
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Autos:

GM talks over Chrysler sale started in December
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Chrysler, GM deal would hit Detroit area hard
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GM's Plans for Chrysler
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Speculation swirls about Chrysler's fate, driving up stock
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Hyundai Denies Chrysler Takeover Rumor
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Chrysler Talk Revs Up
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As DaimlerChrysler explores a sale of its U.S. unit, Chrysler's fate may be determined by CEO Zetsche, who pulled off an earlier turnaround in the U.S.
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Religion:

Facing 100-plus suits, San Diego Diocese warns bankruptcy is possible
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Clergy meet as activists blast idea of diocese bankruptcy
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Diocese's bankruptcy threat upsets abuse victims in San Diego
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Lawyer says San Diego diocese's bankruptcy threat is a ploy
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Diocese to sell bishop's home in bankruptcy
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Group demands accounting from San Diego Diocese
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Student Debt:

Colleges: Too Close To Lenders?
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Economy:

Jobless fall through safety net
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Shredding the Safety Net - Part II
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UST:

Interpreting USTP Help Wanted
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Food:

Restaurant chain files Chapter 11
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Corporate Reform:

Critics fear SEC chief is seeking to limit investors' ability to sue
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Predatory Lending:

NM House passes payday loan regulation bill
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MO bill seeks to limit payday loan interest rates
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Consumer groups attack GA payday lending bill
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AZ House bill to regulate stores offering payday loans falters
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In Re Refco: A Road Map for Post-BAPCPA Creditor's Committees
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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)
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The Dynamics of Large and Small Chapter 11 Cases: An Empirical Study
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"Lawyers ready for a boom in bankruptcy "
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Mass Torts:

Judge gets attention by banning asbestos attorney
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More James Hardie directors fall on swords
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Asbestos victims welcome Hardie resignations
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Tax:

IRS Raids Tax Preparers in 7 Cities Over Phone Tax Refunds
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Credit Cards:

Not requiring documentation for credit cards is only going to encourage illegal immigration
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The New Section 503(b)(9) Administrative Claim: The Latest On What Courts And Debtors Have Been Doing
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Recharacterization and the Nonhindrance of Creditors
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Trading in Times of Crisis: Formal Insolvency Proceedings, Workouts and the Incentives for Shareholders/Managers
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UK:

NMI forced into liquidation by liabilities, lack of equity funding
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Now its the 52-year loan
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Banks to write off record £6.6bn of bad debt
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Bad debt mountain fails to depress Barclays
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Inquiry into directors of Unwins
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Barclays profit up 33%; bad-debt charges rise
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Canada:

Court rules against Russian politician accused of fraud in Canadian hotel takeover
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France:

French banks stumble
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Russia:

Bankruptcy and the Individual
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Italy:

Judge accepts plea bargains for 17 in Parmalat fraud trial
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