January 11, 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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Autos:

Auto parts suppliers seen ripe for consolidation
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Camshaft plant files for bankruptcy
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Hearing on Dana-Sypris dispute postponed
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Dana notifies lenders of reduced credit line
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Union chief tired of concessions to shaky Big 3 automakers
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The real reason you're broke
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Think Bush Has It Bad? Try a Day as Bill Ford Jr
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Law:

EDNY Chief Bankruptcy Judge Joins Firm in NY
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Freeze put on year-end bonuses for associates at largest New York firms
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NY Firm Opens LA Entertainment Law Shop
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Kennedy Covington Welcomes New Bankruptcy Partner
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Canuck firms looking for cash in London
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Kirkland in mass raid on SJ Berwin for top funds team
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Firm Launches New Houston Office With Raid
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I Went All the Way to the U.S. Supreme Court, And All I Got . .
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For Some Firms, Law Is All in the Family
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Say What?!
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NYT runs Pellicano tapes
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How a venerable hotel chain helped a law firm boost staff productivity, morale
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Biggest-ever independently-funded case promises UK litigation revolution
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LeBoeuf scoops Freshfields insolvency partner
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Cleary Gottlieb tops pay league for junior lawyers in Italian market
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Firms' Revenue Per Lawyer Not the Measure of Success
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Management conflicts spark 11th-hour collapse of Dewey/Orrick union
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Baker Hostetler's Latest Hirings: So Money Baby
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Trial Lawyers Are Well Represented in Congress's Freshman Class
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Largest law firms hire from elite schools
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The Donald Likes the Lawyers for "The Apprentice"
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Funniest Law Firm Names
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Jane Bolin, first black female judge, dead
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Anonymous Lawyer
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Judge Disciplined for Friendship with Lawyer
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Giuliani's Business Links May Hurt Bid
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Do Lawyers Make Good CEOs?
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Economy:

Fed's Moskow says inflation still dominant concern
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CEO Confidence Rises from Five-Year Low
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Weekly jobless claims tally near a six-moth low
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A Glimpse At Life On $7.25/Hour
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House passes minimum wage increase
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Utilities:

Lawmakers fail to work together on IL utility rates
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Credit Counseling:

Despite bad actors, credit counseling gets safer for consumers
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Predatory Lending:

Dodd: U.S. needs to crack down on predatory lending
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Mass Torts:

Appeals court overturns Kaiser "single occurrence" asbestos ruling
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Publishing:

Wallace's creditor to repay millions
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REIT Mall Owner Mills Climbs After Bankruptcy Warning
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Mills fears bankruptcy unless it's sold
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Western Union says court bars funds
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Deepening Insolvency: Pouring the Old Wine Out of the New Bottle?
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Aviation:

US Airways raises offer for Delta to $10.3 billion
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Delta Bonds Soar As US Airways Boosts Offer
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Invading Delta's Airspace -- Ailing Carrier May Use US Airways' Sweetened Bid To Flush Out Other Offers
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Delta Price May Be Burden for US Airways
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US Airways puts ball in creditors' court
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Delta Air Lines Creditor Group Urges Company to Take Steps to Respond to Increased US Airways' Offer
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Delta's Future Just Got Trickier
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Analysts Say US Airways' New Delta Bid Is Tempting
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Continental Ex-Chief Bethune Could Play a Pivotal Role In Fate of Delta -- and Industry
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Airlines Jockey For Delta
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Delphi to ask judge to OK investment plan despite objections
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S&P Maintains Ratings on Delta Air Lines
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US Airways' speedy, aggressive move wise
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A New Focus on Delta Air as Deal Bait
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Northwest joins Delta talks
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US Airways' Statement on Delta Offer
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Delta reported in talks with Northwest, United
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Airline consolidation -- It's a dogfight
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Life After Life Support for Alitalia?
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AirTran raises Midwest bid to $345 million
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Midwest builds its case against AirTran takeover
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Bankruptcy Crimes:

Ex-mayor gets 3 years in bankruptcy case
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Facing Pressure From Creditors, JAL to slash payroll by 3,000
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Ponzi:

Businessman 'scrambled' to avoid $31 mil bankruptcy
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Bankruptcy Reform:

Means Testing: The Failed Bankruptcy Revolution of 2005
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Quiet before storm in bankruptcy court
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Bankruptcy filings in Ariz. fell 83.5% in '06
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Corporate Reform:

Investigator faces federal charges in HP case
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Another CEO gone wild
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Grasso Fulfilled Duty to New York Stock Exchange, His Lawyer Argues
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Accounting Firm Seeks to Give U.S. Black's Pay Data
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New Charges Against Conrad Black
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Ex-Comverse Counsel to Pay $3 Million Fine
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With Abramoff Scandal Still Swirling, a DOJ Lawyer Resigns
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Senate Moving on Ethics Bill
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Tech:

SCO Responds to Bankruptcy Rumors
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Bankruptcy History:

Novak on Defoe on 'Trade-Murther'
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The Rise and Fall and Rise of Yerkes/Cowperwood
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Layoffs:

D&B to cut 400 jobs worldwide
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Credit Cards:

Consumer revolving credit soared in November
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Baird launches corporate restructuring group
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Welnhofer joins new Baird unit
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Fitch: US Deep Speculative Grade Issuers Living on Borrowed Money
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Former Enron Turnaround Professional Rich DiMichele Joins Turnaround Partners, Inc.
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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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Adelphia Bondholder Group Challenges Plan Approval
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Textiles:

Malden Mills files for bankruptcy, to sell assets
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Malden Mills files for bankruptcy
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Polartec maker files for Chapter 11
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Malden Mills Board of Directors Approves Sale of Company to Gordon Brothers Group for $44 M(PRN)
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Real Estate:

Kara Homes seeks bankruptcy court permission for $5M loan
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High home foreclosures signal Ohio's bigger economic problems
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Housing in 2007: Will a Bubble Burst?
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Homes still unaffordable for many
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Servicer Liability Limited in Wrongful Foreclosure Cases
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How I lost my home
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"There's going to be blood in the water"
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More pain ahead predicted for AZ real estate
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The Fed and Foreclosure
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Accounting:

Man enters guilty plea in KPMG case
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Big Four Firms Ranked on Best Companies List
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E&Y gears up to fight hedge fund lawsuit
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Dell Board Failed to Screen Out Shady Accounting, Suits Say
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Enron:

Attorneys seek to drop 5 Enron defendants
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Energy Restructuring And Creditors' Rights - Bankruptcy Court, Not FERC, To Determine Enron Termination Payment Issues
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Health Care:

Puerto Rico's Advanced Cardiology Center files for bankruptcy
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No More Liens, Wage Garnishment Under New California Hospital Collections Law
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New Public Debt Buyer To Acquire Medical Debt
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Power struggle ensues over Doctors executive
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"Comparison Shopping" Among Healthcare Providers a Growing Trend
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Food:

IRS objections in Winn-Dixie case unresolved
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Hedge Funds:

The Bayou Hedge Funds Fraud: Issues and Implications
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Navigating the Common Law Approach to Cross-Border Insolvency
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Final Tally on 2006 Bankruptcies
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If You Want to Earn Money, Go Bankrupt
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UK:

Fifty families 'to lose their homes every day'
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PwC cleared as FRC transparency questioned
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Millfield debt collection goes smoothly
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KPMG to face tribunal over role in Independent Insurance
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Italy:

La Veggia Default Tests Law
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Korea:

Ex-financial watchdog chief summoned in graft probe
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Brazil:

Number of bankruptcy requests down by 56.1% in Brazil
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Taiwan:

Prosecutors seize key files in Rebar Group raid
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Taiwanese corporate crisis snowballs
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