February 6, 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
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Aviation:

United refinances bankruptcy exit loan
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Delta kept under close tabs to keep merger option open
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Delta's January traffic rises
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Delta is top delinquent
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Will CEO Steenland be shown the door at Northwest?
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Comair rescinds pilot notice
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AirTran Hits the Right Note in Midwest Bid
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A Report Card On the Nation's Airlines
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JAL to cut 8 percent of work force
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Law:

Does the Future Belong to Cadwalader?
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What's Next for D.C. Associate Salaries?
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How do you get rid of 100 partners?
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Freshfields revolution to claim 100 equity partners
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Say What?!
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SuperLawyers Selection For Bankruptcy Lawyer Is Bittersweet For One Connecticut Law Firm
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9th Circuit Steps Up En Banc Reviews
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Milbank M&A star walks
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Honigman adds bankruptcy lawyer in Detroit (scroll down)
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Broken Gavels: NY Courts In Crisis, Part 1
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Littler Enters Conn. Market With Two New Offices
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How law departments weight the components of law firms' proposals
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More Firms Raise Associate Salaries, But Not for Everyone
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Married Lawyers Face Trial for Payment Demands After Wife's Affairs
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What to do When Clients Don't Pay?
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O'Connor Says She Would Have Preferred to Stay on Supreme Court
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Royal & SunAlliance renegotiates law firm terms
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Cole Schotz leaps to larger space
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Biggest Chicago firms boosting 1st-year pay
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Arnold & Porter appoints pro bono chief
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There is more than one way to bill
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S&C Strikes Back at Now-Former Associate
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Recently Fired U.S. Attorney Speaks Out
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Paul Hastings Adds Chicago Bankruptcy Lawyer (scroll down)
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Brown Rudnick agrees tie-up with Indian firm
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Student Debt:

Bush seeks Sallie Mae, other student lender cuts
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Sallie Mae, Student Lenders Face Further Federal Cuts
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Sallie Mae: How Bad The Impact From the President's Budget?
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Studying Bush's plans for federal financial aid
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Loan Companies Fall Under Careful Watch By Attorney General
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Sen. Kennedy Proposes Student Debt Relief Act
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Religion:

Personal Bankruptcy Can Assist Christians
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Tax:

Private Tax Debt Collection Repeal Update
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Paper:

Workers opt to shut mill
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Trustees:

Bankruptcy trustees evaluated on compliance with fraud detection
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Autos:

Chrysler reportedly eyeing 10000 job cuts
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Chrysler's secret comeback plan
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Allied Holdings seeks OK from bankruptcy court to scrap labor contracts
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Icahn makes $2.4bn auto parts bid
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Lear Holder Leery of Icahn
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Mass Torts:

Judge becomes national legal star
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Bankruptcy Court Issues Opinion on Congoleum Reorganization Plan
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Federal Mogul's final bankruptcy hearing set for May
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Congoleum says court asks to modify restructuring plan
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Energy:

Court OKs US Energy Biogas Pact
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Furniture:

Furniture maker cuts employees' pay
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Rose offers to pay trade creditors, consumers
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Rose Furniture, creditors' committee agree on plan
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Enron:

Banks Appeal Ruling Allowing Enron Investors to Sue as Class
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5th Circuit hears arguments in Enron shareholders' suit
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Timber:

Massive layoffs loom in forest counties
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Municipalities:

Accounting Firm To Miss San Diego Audit Deadline
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Credit Cards:

The New American Dream - Money Changes Everything
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Tech:

Auditors issue warning over future of Majesco
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Banking:

Private Liability for Reckless Consumer Lending
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Banks Say US Demand For Most Loan Types Weaker
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Debit cards spurs slide in check writing
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Rules will tighten, bankers are told
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Corporate Reform:

Sheppard's defense calls its last witness
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N.Y. Feds Indict Idaho Hedge Fund Owner in $88M Fraud Case
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SEC looks into possible leaking on Wall Street
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Appeals ruling fails to free exec
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Conflict of Interest at the DOJ?
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Entertainment:

Bankruptcy Blues: JT Money Takes Nothing
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When bankruptcy law and rap music collide
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Debt Collection:

FTC Sues Florida Debt Collectors, Alleging FDCPA Violations
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Accounting:

PricewaterhouseCoopers Trial Enters Jury Deliberations Phase
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Indicted lawmaker filed twice for bankruptcy protection
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Bankruptcy Probability Changes and the Differential In formativeness of Bond Upgrades and Downgrades
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Corporate-bonds - an end to the easy money
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New Bankruptcy Opinions
(2 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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Photography:

Portrait to Close 500 Wal-Mart Studios
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Boating:

Yachting race organizer on trial for alleged tax fraud
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Health Care:

Doctors' issues subject of forum
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John Edwards is pushing health care back to the center of national politics
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Economy:

Vacant Homes for Sale Cloud U.S.'s Economic Outlook
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Credit Reporting:

Bill would ban employers' access to credit report
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Real Estate:

Mortgage Lenders Network files for Ch. 11 bankruptcy protection
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Subprime Storm Isn't Over
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Simon Property Revisits a REIT Deal It Abandoned
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Cash in on the housing crush
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North Carolina Defaults Up "Three-Fold"
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Further Increases in Delinquency and Foreclosure Rates Expected in 2007
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Subprime Default Rate Exceeded 10% in November
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Most Agree: Housing Crunch Isn't Over Yet
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Shore pair allowed out of Kara deal
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Former Med/Waste head to pay $3M
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UK:

Calls for tighter lending rules after record insolvencies in 2006
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Lenders agreed on code of conduct
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Equifax questions uSwitch.com claims over lenders' credit checking
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Fopp tunes in to Music Zone
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Light at the end of the Eurotunnel as creditors relent on new rescue plan
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Repayment warning on 0% credit card deals
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Canada:

Proposed Insolvency Law Amendments - Take Two
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Bankruptcy in Ottawa slightly up from last Q4
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Canadian personal bankruptcies fell in 2006
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Less insolvencies but more living week-to-week
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Borrowing is only going to get tougher
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Russia:

Criminal Case Likely to Put All of Yukos in State Hands
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US Critical Of New Charges Against Russian Oil Tycoon
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Russian Central Bank to dismiss bankers for unsavory reputation
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Spain:

Escala Group Announces Criminal Allegations by Spanish Authorities
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Germany:

German Business Bankruptcies Slide
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German business bankruptcies slide, but personal insolvencies rise
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France:

597 French Workers Called in Hearing
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