February 5, 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
Search prior headlines: http://bkinformation.com/PriorEditionsSearch.html
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Aviation:

Bankruptcy. Hostile Bid. What Next?
(NYT: separate free registration required)

Grinstein stood tall as Delta's defender
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Departure time for Northwest CEO?
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Qantas bid 'can't guarantee jobs'
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Mesa Air Group's CEO Speaks About His Company
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Slovak Airlines stops regular service
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Pay more and they'll give you a better seat
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Airline observers optimistic about '07
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Law:

After Firm Hires Dewey Evacuee, NY Bankruptcy Chief Quits
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Milbank Wins Bankruptcy Enterprise Valuation Trial in Delaware
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Latham and Gibson Dunn Raise N.Y. Salaries to $160,000
(DBN Subscription Required)

How to Be a Full Partner on a Part-Time Schedule
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Say What?!
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Impact on Associate Hours Due to Law Firm Compensation Plans
(DBN Subscription Required)

Gay Bar President Resigns Over Comments on Discrimination Suit Against Sullivan & Cromwell
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Pentagon Official Resigns After Inflammatory Remarks About Attorneys
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N.Y. Firm Challenges New Attorney Ad Rules
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Charney v. Sullivan & Cromwell -- Or Should We Say, Sullivan & Cromwell v. Charney?
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Sullivan sues its own associate
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"New Delivery Mechanisms That Will Be Highly Disruptive"
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Anonymous Lawyer
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Large-Firm Life
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Home Depot's GC Resigns, Will Leave With Nearly $20 Million
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Retailing:

Sunny's Great Outdoors files for bankruptcy
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Food:

Pizzeria venture mired in $11 million bankruptcy
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Religion:

Lawyers to get half of church abuse cash
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Abuse victims propose monument on grounds of Portland archdiocese
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Health Care:

Board to evaluate Doctors' joint powers proposal
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When the medical debt starts piling up
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'Affordable' health care hard to craft for everyone
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Utilities:

Entergy Corp. earnings triple despite loss from bankruptcy
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Intellectual Property:

Sony Wins Bid for Ipix Camera Technology Patents
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Corporate Reform:

Senators Question SEC Handling of Probe
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Austin: SOS loses another round in lawsuit, may have to file for bankruptcy
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Surviving a crisis
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Autos:

Teamsters to Oppose Allied's Motion to Tear Up Union Contract
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Ford Motors Approaches Bankruptcy
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General Motors receives new life
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How do GM, Ford strategies stack up?
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Chrysler gets tutor on revival
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Ford dealers push Mulally for plan
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Auto dealer glut hurts U.S. makes
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Ghosn's crisis
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Tech:

Michael Dell warns of cuts
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Tax:

Treasurer is highlighting tax credit for working poor
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Economy:

Productivity Rose, Labor Costs Stabilized
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How housing hid a weak economy
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CMI Rises 2.5% in January, Indicating Economic Growth
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Mining:

Embattled mining company Asarco enters into settlement talks
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Asarco Filing May Bolster Critics of Grupo Mexico
(WSJ: separate paid subscription required)

Asarco sues parent firm, claiming it took assets, left big bills
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Asarco LLC files legal challenge against parent company
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Plastics:

Plastics plant with 460 workers files for bankruptcy
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Municipalities:

Bankruptcy looms for small town
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Orange County treasurer-tax collector sued in bankruptcy court for mismanagement
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Real Estate:

Housing Market- The Mother of All Bubbles
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States battle predatory foreclosure firms
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MD subprime mortgage loan defaults pass 2001 peak
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Borrowers May Be Surprised to Learn What Brings Ratings Up or Down
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Colorado Governor Fights to Mitigate Foreclosures
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Paper:

Lawmakers move toward giving Marcal a tax break
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Accounting:

Defense: Accountants never duped anyone -- Cobb jury hears closing arguments in case between Marietta entrepreneurs and PriceWaterhouseCoopers
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Texas Judge Rejects Tax Shelter Tied to KPMG Case
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Mass Torts:

A chance to do right: By funding asbestos nonprofit, Montana can help Libby residents it once betrayed
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Bankruptcy Reform:

Acquiring (And Preserving) Leasehold Value Under the New Bankruptcy Code Amendments
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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)
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CME wins approval to launch corp. bankruptcy futures
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Bankruptcy Crimes:

Man sentenced to prison for bankruptcy fraud
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Hurricanes:

A strenuous search for Katrina's fugitives
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Sports:

Owner wants to get back arena he lost in bankruptcy
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Creditors want Winding Hollow under court control
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Enron:

Former Enron executive finds calling as pastor
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Tribute to a leader - Judge Odell Horton
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When bankruptcy is best
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Best Manufacturing gets court OK to auction remaining assets
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Going to Texas for a Discharge?
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UK:

Targeting tax dodgers
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Bankruptcy isn't the easy way out
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Debt is the result of aggressive marketing
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Torex chief attacks his board
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Personal insolvencies climb 60% in one year
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In fear of that knock at the door?
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Adams Childrenswear Limited restructuring saves over 3200 jobs
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Bad debt dissolves good business
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Lawyer calls for independent debt watchdog as latest insolvency stats released
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High street firms are set for a difficult 2007
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China:

Chinese equity bubble waiting to burst?
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Russia:

Khodorkovsky set to face fresh charges
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Khodorkovsky charged with money-laundering
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Italy:

Judge Rules Not To Unite Court Proceedings In Parmalat Case
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Korea:

Four tycoons' business failures
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Hyundai Chairman Gets 3 Years in Prison
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Japan's Failures Should be Warning to Korea's Developers
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Australia:

Bankrupt celebrity vet faces prison for fraud
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