January 22, 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:

Dana retirees seeking to review financial data
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Delphi negotiations depend on GM deal
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American Credit Can Sell Assets
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Toyota and Ford are signaling they may want to deepen ties
(WSJ: separate paid subscription required)

Penske: No interest in buying part of bankrupt Delphi
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Kroll pulls off miracle for Collins & Aikman
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Sale of Dana plant awaits auction
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UAW builds up $874 million strike fund
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Law:

Irell and Kirkland Hit $145,000 Associate Salary Mark
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The Student Finance Corp. Debacle: Pepper Hamilton's Court Retort
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Bonuses Are Booming for Some Associates
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Some Law Firms Embrace Shorter Names, While Others Resist
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Judge May Let Playground Rules Settle Lawyers' Squabble
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Milberg Weiss Antitrust Team Joins Pomerantz Haudek
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Milberg Weiss Watch: Two Antitrust Lawyers Leave
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Lawyer: Fen-phen notes destroyed -- Ex-clients' allege payment cover-up
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Skadden Arps: Serving Clients . . . and Free Hot Cocoa!
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Ashurst revamps management board
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Dewey overhauls management after Orrick merger
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Law Schools Receive Failing Grade
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Lawyers With Disabilities Say Obstacles, Stereotypes Persist
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Superior Legal Web Sites to Watch
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Say What?!
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Anonymous Lawyer
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Do Mandatory Retirement Policies Make Sense?
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Slow Growth vs. Law Firm Mergers
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Did 9th Circuit Judges Go AWOL From Oral Argument?
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Everything You Always Wanted to Know About Diversity
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Venable steers clear of 'Super Lawyers'
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Paul Weiss Sued Over Alleged Conflict in WorldCom Mess
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Law Firms Try Manager-Focused CEOs
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Timber:

Lumber company seeks bankruptcy
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Pacific Lumber leans Company in Headwaters deal files for bankruptcy, citing logging restrictions
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Blue skies despite bankruptcy
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PALCO bankruptcy follows filing of December lawsuit
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Redwood protections expected to stand
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Scotia annexation left up in air
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'The people still have to eat'
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More busy times ahead for PALCO
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Bankruptcy Crimes:

Grand jury indicts man over bankruptcy petition
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Pensions:

Agency takes over Kaiser pension plans
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Supreme Court accepts Crown Vantage bankruptcy pension case (scroll down)
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Supreme Court will decide ERISA fiduciary case
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Foss pensions saved
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Economy:

Americans spending more and saving less
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Globalization shakes the world
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Why are America's superrich suddenly fretting about income inequality?
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Photography:

Judge Gives Portrait Corp Extension
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Banking:

Capital One Profits Up 40%
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Bank of Hawaii Names Former Bankruptcy Lawyer Chairman
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Student Debt:

Little Debt Market Impact Seen from Congress's Student Loan Rate Cut
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Education Department says lender was overpaid
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Book links high cost of college, credit card debt, low-wage jobs
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Out of university and straight into Club Debt
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Layoffs:

Motorola announces 3,500 job cuts on way
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Wolseley Cuts 2000 US Jobs as Housing Clips Profit
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Wolseley to cut 4000 US jobs
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Derivatives:

GE Snagged by Derivatives Accounting
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Enesco seeks OK to auction assets
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Where Others Flee Storms, Ross Rushes In
(WSJ: separate paid subscription required)

Junk Keeps Defying Gravity
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Bankruptcy Management deal honored
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A matter of life and debt: An overspender's story
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Aviation:

Mesaba bankruptcy plan may be released next week
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Congress weighs US Air/Delta merger proposal
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Delta evaluates Comair at $1B
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Delta includes US Airways' proposal in filing
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Airline's response to offer is vague
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Delta gives creditors more say, weighs US Air bid
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United tells frequent fliers to use or lose
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AirTran Sends Letter to Midwest Shareholders
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US Air Aims to Jet Through Merger Process
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British Airways Flight Attendants to Strike Jan. 29-31
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British Airways seeks arbitration to avert strikes
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US blights BA merger plans
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Air France-KLM not to bid for Alitalia
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Banks likely to join interest in Alitalia bid
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Taylorcraft Aviation HQ Chained Shut
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$1 Million Debt Too Much For Aircraft Manufacturer?
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Food:

Union approves Pittsburgh Brewing contract
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Tax:

Debt collection the IRS way
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Refund-anticipation loans
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Gambling:

4 Wall St. firms subpoenaed in online gambling probe
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U.S. demand info from U.K. bankers
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London firms caught in FBI gaming inquiry
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US probe hammers online gaming shares
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Enron:

Law firm settles potential malpractice claims with Enron
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How Law Firms Fared in "the Other Enron Litigation"
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Enron Prison Terms: First In, First Out
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Bye, Bye Enron, Regulators Say
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Big Game? An Enron Survivor Hunts for Riches
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Corporate Reform:

Federal Prosecutor Leading Apple Probe to Leave for Fenwick
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Former Ohio Congressman Sentenced to 2 1/2 Years in Abramoff Bribery Scandal
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Guidelines agreed on extradition from UK to US
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One juror excused in Sheppard's trial
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Former Refco president pleads not guilty
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Executives Get Bonuses As Options Repriced
(WSJ: separate paid subscription required)

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Health Care:

New player surfaces in sale of bankrupt hospital
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Financing on tap for ailing hospital
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Rye town-United Hospital tax dispute resolved
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Victory to Dyker Heights: We're not dead yet!
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Health-care costs are the nation's top economic concern
(WSJ: separate paid subscription required)

Can Pres. Bush Bring Health Insurance to 47 Million Americans By One Quick Fix to the Tax Code?
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Held Hostage By Health Care
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Curing Health Care Insurance
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Canadian Emergency Rooms May Now Be Less Crowded
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Evidence:

Are We Building Sufficient Electronic Evidence?
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Environmental:

EPA says funds not likely to address Arimetco ponds
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Consumer Bankrutpcy:

Comparative Consumer Bankruptcy
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Personal Bankruptcy and Credit Market Competition
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Predatory Lending:

Debt cycle led to bankruptcy - Series of payday loans soon became unmanageable
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State Weighs Curbs on Payday Loans
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Finding the will to take on payday lending
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Agriculture:

Freeze's ripple effects could cripple CA Central Valley economy
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Accounting:

Restoration Hardware: PCAOB Shields the Big Four
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Sports:

Golf course going up for auction
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Textiles:

Many interested in bidding for Malden Mills
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The Gendered Slide into Bankruptcy
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Michael Milken: High-risk debt markets could aid poor nations
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New Bankruptcy Opinions
(1 new opinion 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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From Ethics Overseer to Hedge Fund Boss
(NYT: separate free registration required)

The two sides of Judge McCullough -- Hard facade, soft center make Presbyterian minister's son overseeing noteworthy bankruptcy cases fit to be judge
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Credit Cards:

Dazed and in debt in the credit card maze
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Beware the trap of zero percent credit
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Credit card companies' evil tricks
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PIRG to the People!
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Citigroup's US Card Losses, Delinquencies Rise
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Utilities:

Calpine strikes deal to sell turbine parts for $200M
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Questions and answers about Illinois' new electric rate increase
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Real Estate:

Drowning in mortgage fees
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Race against foreclosure
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Exotic mortgages raise stakes for borrowers
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Reorganization plan for USA Capital in jeopardy
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USA Capital's failure creates painful fallout for investors
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Many more are losing their homes
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Builders Look for Housing To Recover in 2007
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Sales of New and Existing Homes Will Continue Their Slide in 2007
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Upticks in Home Starts, Inflation Are Seen as an Aberration
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NC foreclosure filings hit record high
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AZ fighting mortgage fraud wave
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More Homeowners Are Refinancing To Tap Equity
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Why Women Pay Higher Interest
(NYT: separate free registration required)

Wolseley Five-Month Profit Falls 14% on US Housing Slowdown
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Retailing:

Troubled shoe-store chain takes final step
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Intellectual Property:

Ipix winning bidder is -- Anonymous company that paid $3.6 million; identity forthcoming
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Mass Torts:

No Way To Treat A Judge
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Cuyahoga Comeuppance
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Plaintiffs' Team Takes Hit on Asbestos
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U.S. Chamber Applauds Ohio Judge for Standing Up to 'Double-Dipping' by Trial Lawyers in Asbestos Case
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Royal Sun Pitches Plan To Jettison US Unit
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Bankruptcy Reform:

Yellow Pages and Web Site Advertising By Consumer Bankruptcy Attorneys After BAPCPA
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Median family income data updated
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Changes to Key Employee Retention Plans Modify Treatment Under Bankruptcy Law
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Media:

Air America parent may find buyer
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What management skills do you need to save a struggling company?
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Bankruptcies know no prejudice
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UK:

House prices rise 3.5 percent in Jan
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UK House Prices Rise to Record, Driven by Shortage of Supply
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Women face debt timebomb from fear of bankruptcy due to social stigma
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600 jobs at risk as nursery company faces funding crisis
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Seventeen IVA firms warned over 'misleading' debt adverts
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Caught up in the debt spiral
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Russia:

Yukos assets valued at $22 bln
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Appraisers say Yukos worth over $33 bln
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Taiwan:

Two CPAs questioned about Rebar, residences raided
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Chen urges Rebar founder to come home to face prosecution
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Canada:

Eaton's back pay
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EU:

EU cap on auditor liability 'unworkable'
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Italy:

Capitalia Reinstates Geronzi As Chairman
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Serbia:

"Bankruptcy Mafia" corruption trial opens in Serbia against 35 judges, lawyers, bankers
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Korea:

Asian corporate debt risk to rise
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