January 18, 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:

Mesaba delays key bankruptcy court filing
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US Airways chief, Bethune have a meeting of the minds
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Strong demand gives lifts to American, Southwest
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Lawmakers go to bat for NWA China route
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There's a Reason There Is No Airline ETF
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Schumer questions cost of air merger
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Air Comet to take on Air Madrid workforce, 7 LatAm routes
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American pilots say exec bonuses could outdo profit
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Sale of Delta would be good news for Atlanta
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Law:

Top Milbank Bankruptcy Partner Joins Quinn Emanuel
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Prowling banks move to take legal top 50 to stock market
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Strategies for Getting and Keeping Clients With Your Firm
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Suit Alleges Big Law Firm Let a Ponzi Scheme Unfold
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Ryder Puts Years of Know-How Into Bankruptcy and Commercial Litigation
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Bush Official Apologizes for Slap at Guantanamo Detainees' Lawyers
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Lobbying Firm Cuts Ties to Name Partner Under Investigation in Abramoff Probe
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Litigator's Rise a First at Reed Smith
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U.S. Attorney Ryan's Departure May Be Part of Bush Administration Purge
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Lawyer Arrested After Found Naked With Adolescent in Courthouse Building
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Trial of Lawyer, Author, Ex-Cheney Aide Libby Begins
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Biglaw Boys Up To No Good
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Akin Gump Names New Restructuring Partners
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Another GC is Sentenced
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Supreme Court Grants Cert to 3Ls
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Survey Finds Most Firms Lack Formal Succession Plans
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Anonymous Lawyer
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Charney v. Sullivan & Cromwell: An Interesting Headhunter Offering
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Corporate Reform:

Ex-chairman of Cendant is sentenced
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What Will Be the Corporate Concerns in the Coming Year?
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Bankruptcy Reform:

Vermont bankruptcy filings drop 76 percent under stricter law
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Race to the Courthouse BAPCPA May Spur International Forum Shopping
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Pensions:

Answers lacking as U.S. Supreme Court decides not to hear challenge to IBM pension plan
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Mass Torts:

Mississippi Supreme Court Denies Medical Monitoring Cause of Action
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Autos:

GM posts growth overseas as US sales drop
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Ford: More suppliers of parts are distressed
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Companies grow in new directions as auto slows
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Suppliers losing contracts to rivals
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Globalization Drives Big Changes for U.S. Auto Industry
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More Chase Auto Loans Went Bad in 2006
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Real Estate:

Brookfield snaps up Mills
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Gazit-Globe ups Mills offer
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Mortgage losses put pressure on WaMu
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New Listing! (Sort Of) - Agents are pulling houses off the market and then presenting them as new offerings
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Economy:

Senate, House wrestle with wage legislation
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Fed Official: Focus Shouldn't Be Housing
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Layoffs:

Workers say they deserved more notice
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Accounting:

EU suggests cap on auditor liability as risk of lawsuits rises
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Entertainment:

Nate Dogg Sues Suge Knight For $10 Million
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Health Care:

More Americans Dying at Home Because of Lack of Medical Care than in Iraq
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Purchasing healthcare debt can be trickier than buying other types of debt,
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Freight:

Deal liquidates freight mover
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Furniture:

Bankrupt Furniture Store Leaves Customers Standing
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Insurance:

Insurance Firms Targeted In Credit Case
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Student Debt:

Bush Opposes Cut in Student Loan Interest Rates
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Refco Paid $145.3M for Bankruptcy Pros
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JPMorgan Chase 4Q Profit Soars 68 Pct.
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Banks' Quarterly Results Show Signs Of Credit Deterioration
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A Civil Action: Court says no to Schlichtmann
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U.S. Supreme Court Tackles Variety of Bankruptcy Issues
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Gap Filling in the Zone of Insolvency
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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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Utilities:

Calpine to seek financing for Chapter 11 exit
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Entergy Provides Preliminary Fourth Quarter Earnings Guidance
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K&S helps Mirant sell six plants
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Food:

Vendors asked to return Buehler money
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Predatory Lending:

Payday Loans Are a Scourge, but Should Wrath Be Aimed at the Lenders?
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Dick Gephardt to Join FTI
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Bankruptcy diversity jurisdiction bonanza !
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High Court To Hear Ninth Circuit Attorney Fees Case
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Balancing Costs, Recovery in Cross-Border Cases Formal Insolvency Often Out of Reach for Smaller Companies
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Issues in Islamic Finance What Insolvency Practitioners Need to Know
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UK:

A council tax dodger made bankrupt every week
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Are Speed Bumps Ahead for U.K. Pre-packs? As Use Grows, So Do Creditor Complaints
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Directors escape sanction as receiver runs out of funds
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OFT to clamp down on misleading insolvency ads
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Personal debt is growing by £1m every four minutes
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IVA guidelines are the key- Insolvency Trade Association
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Tories demand Mayflower judgment
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Two debt recovery companies wound up
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Credit card crisis: One man owes £140000
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Closure shock after Alpine Foods 'record year'
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The borrowers: students who face £25,000 debt
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Japan:

Bank of Japan: No rate increase
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Taiwan:

MOJ seeks US assistance in Rebar probe
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Sentex makes bid for BenQ Mobile assets
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Canada:

Financing Leasehold Interests: How To Manage The Risks
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