January 25, 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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Autos:

Judge approves $200 mln increase in Dana's bankruptcy loan
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Delphi talks may go beyond deadline
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Judge OKs revised professional expenses for Dana
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Auto supplier could shutter Port Huron plant, idling 530 workers
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Ford Lost $12.7 Billion in 2006
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Ford's 2006 Loss Largest in Company History
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Talk of Ford exec bonuses riles UAW
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Law:

Some Firms Match Simpson Pay Hike, Others Will Wait and See
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The Greenberg Memo
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The Weil Memo
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More on the Associate Salary Hike
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Morrison & Foerster (New York only)
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Busted Dewey, Orrick Merger Holds Lessons for Other Firms
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How GCs Can Help Stop the Culture of Extreme Work
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Skadden Bumps Associate Pay to $160,000
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Dewey first to hike UK associate salaries
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Ten US firms up salaries; London will have to wait
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As LeBoeuf's Office Closure Shows, Big Clients Come With Thorns
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Double Degrees Bring Lawyers Advantages
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Law Firm Marketing--Gender-Sensitive Rainmaking
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CLO Survey: More on the Bad News
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Jenkens and Hunton & Williams Talking About Dallas Lateral Moves
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Say What?!
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Dechert Reports Big Increases in Firm Financials
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Strange $54 Million Fee-Split Saga Haunts Thelen
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Houston Firm Opens Philly Outpost
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Frisco Firm Opens Office in Houston
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Morgan Lewis Seeking $800K in Unpaid Legal Fees From Internet Retailer
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EEOC v. Sidley Austin
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Legal Ethics Quiz: S&C and Goldman's 360-Degree Reviews
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Orrick/Dewey: A Postmortem
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Sullivan & Cromwell and Associate Morale
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Winstead Firm Shortens Handle After Two Name Partners Exit
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Judge Judy's Son Announces Run for DA
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Vinson scoops Shearman partner for London push
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Media:

Judge suspends Adelphia bankruptcy plan, requires $1.3B bond
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Adelphia's Bankruptcy Exit Plan Delayed by Judge
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Credit Cards:

Consumer Groups Ask Congress to Rein in Credit Card Companies
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Fraud found on thousands of accounts after Winners breach
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Warren: Opening Shots Over Credit Cards
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Jewelry:

Fabrikant lenders agree to extra financing
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Predatory Lending:

Republican GA lawmakers look closer at "payday" lending law
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Payday loans not predatory says New York Fed Bank
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Aviation:

US Air, Delta CEOs dispute merger impact
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Senators fly idea of airline re-regulation
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Senate Skeptical of Airline Deals
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As time runs out, Delta, US Airways woo creditors
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NWA pays $14 million to PBGC
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Stocks plummet in wake of headlines
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American Airlines succeeds by working with its unions
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BA to chop 1300 flights as strike looms
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Airlines squeeze seats, score profits
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Healthcare:

Healthcare Privacy and Bankruptcy
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Parker Hughes Cancer Center files for Chapter 11 bankruptcy
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Hospital loses imaging provider
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Embattled Parker Hughes Cancer Center files for bankruptcy
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Medical Collections Attorney Talks Trends
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HMA Takes $200 million Charge, Changes Self-Pay Reserve Policy
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The health care proposal that isn't
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St. Joseph's Hospital closes its doors
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Bush health plan would gut current coverage: critics
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Bankruptcy Reform and the Costs of Sickness: Exploring the Intersections
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Banking:

Three Directors of Troubled Florida Bank Resign
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Textron Delivers Strong Fourth Quarter Results
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Wall Street:

Merrill Lynch CEO's $46 million pay is 3rd-highest
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Enron:

Ex-Enron executive begins 18-month prison term
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Lay, Enron law firm released from lawsuit
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Real Estate:

Looming mortgage crisis will hurt Blacks and Latinos
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Foreclosure Lists Near 1989 Record: Adjustable-Rate Loans and Consumer Debt Are Blamed
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CA foreclosure rates rise as housing market cools
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Housing defaults, foreclosures rise in Fresno
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Home foreclosure filings surged to record levels across metro Detroit in 2006
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Colorado tops in '06 foreclosures
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Facing foreclosure? Beware of 'rescue firms' offering to help you
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Hawaii foreclosure rate plunges 79 percent
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$10M in Dwek loans "suspicious"
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Retailing:

Rennie Petroleum files for bankruptcy
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Economy:

Inside the middle class crunch
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Ad Hoc Committee Seeks to Stop Enesco Sale
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Pentagon will need new beret supplier
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The Myth of the Rational Borrower -- Pt. II
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Forest Hill attorney defends bankruptcy decision
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Funerals and burials to continue at Forest Hill despite bankruptcy
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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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On the Nature of Bankruptcy Litigation
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Entertainment:

Movie Gallery faces risk of bankruptcy
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While In Bankruptcy , Death Row Records Is Sued By Cousin Of Snoop Dog
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Religion:

Creditors Committee In Diocese Bankruptcy Case Seeks To Hire Law Firm
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Corporate Reform:

HomeGold: Testimony from former finance officers continues
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Lawsuit revised against Moores in Peregrine case
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Ex-Morgan Crucible CEO loses latest court bid to avoid extradition to US
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Timber:

Greens resist changes to Headwaters deal
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Sports:

Golf course owners stave off foreclosure auction with bankruptcy filing
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Hedge Funds:

No more hedge fun 'n' games - HMC founder, trader to pay $4.6 million in SEC settlement
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Recapping Bayou: Analysis of a Hedge Fund Fraud
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Mass Torts:

D&O Insurers Don't Have to Cover Suits Against Asbestos Company Ex-CEO
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Kentucky's Fen-Phen Case: Spotlight on Stanley Chesley
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Derivatives:

Economists feel derivatives demand poses market rise
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Bankruptcy Crimes:

OIG findings on bankruptcy fraud detection methods
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Foamex Provides Update on Chapter 11 Case
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Sale of The Woodwind & The Brasswind is delayed
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DOV Pharmaceutical Announces Entry Into Restructuring Support Agreement
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UK:

UK companies set to generate 'billions' of surplus cash by 2008 - KPMG report
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Debt problems decline as incomes and house prices rise
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Britain's Angry Wives Target Bonuses in Big-Money Divorce Cases
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Thousands prepare for fateful ruling from Europe
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Cadwalader scores vital Eurotunnel court victory
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British economy growing faster than expected
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Canada:

Court Releases Decision on Hemosol Assignment Motion
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China:

China's Economy Growing at Fastest Pace in 11 Years
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com