January 29, 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:

Delta Panel May Ask US Airways to Extend Deadline
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$1 billion more for Delta?
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Delta CEO's air merger dogfight puts Parker in sights
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AirTran posts 4Q loss
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Comair, pilots nearing deadline for agreement on concessions
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Continental shares fall after stock downgraded
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Northwest gives 36 jets to Mesaba
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Soaring AMR stock leaves workers behind
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Airline customer service: the impossible destination
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Ga. senate voices support for independent Delta
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BA, union in last-minute talks as strikes loom
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Anger over pensions, pay scales and 'disrespectful' management
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Last day for Alitalia bidders
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Law:

McKee Nelson's Associate Raise Sets a New Bar for D.C. Firms
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Associate Pay Raise Fever Is Contagious
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The Thacher Proffitt & Wood Memo
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Clifford Chance and Allen & Overy match New York pay-rises
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Bank threat adds urgency to firms' associate salary war
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UK associates say 'no' to partnership carrot
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How to keep your associates happy
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Can a Law Firm Outgrow Its Attorneys?
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Barack Obama - The Truth And The Law School Story
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2007 Legal Technology Trends
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Attorney Ad Rules Spark Unusual Collaboration Between Judges, Bar
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Firms With New Boston Offices Struggle to Find Laterals
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MoFo raids Ashurst, Freshfields for London offensive
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Mistrial Declared After Lawyer Failed to Finish Closing Argument
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Slow Typist Sues His Law School
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Say What?!
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Anonymous Lawyer
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"Chiquita Banana"
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How Many Hours Does Your Managing Partner Bill?
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The Supreme Court Upends the Federal Circuit's Declaratory Judgment Jurisprudence
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Unlocking Keywords to Ensure Effective E-Discovery
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Coming E-Discovery Battle between Vendors and Firms?
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Coudert ghost jeopardizes Orrick's China operation
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Court Says "Not So Fast" to State Farm Katrina Settlement
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Freshfields suffers triple finance loss as restructuring practice dwindles
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Federal judges overworked, underpaid
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Corporate Reform:

MBIA Agrees to Pay $75 Million to Settle SEC Probe
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Change Sarbanes-Oxley with caution
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Immunity Issues Tie Brocade Cases Into Knots
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Mass Torts:

General Motors accuses insurer of trying to duck $500 million in claims
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Media:

TV Owner May Buy Air America
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Furniture:

Sale of Rowe to affiliate of Sun Capital approved by bankruptcy court
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Autos:

Cerberus May Drop Delphi Bid Over UAW Pay
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Big Three face new obstacles in restructuring
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Dana can talk to rivals, but not buy yet
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GMAC's Mortgage Exposure May Hit GM
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Charge-offs, Delinquencies Rise at AmeriCredit
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Bankruptcy Crimes:

Oil and gas attorney indicted for bankruptcy fraud
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Burke challenges Peel 's financial expert in bankruptcy case
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Businessman indicted for bankruptcy fraud
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Economy:

New-Home Sales, Durable Goods Orders Increase
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Davos Elite Brushes Off Policy Makers' Warnings of End to Boom
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Real Estate:

Sales of Previously Owned Homes Drop in December
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Default notices in CA rise to record level
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Fighting for her home
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Northwest Arkansas Housing Market Slumps
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Subprime's grip slips
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Home sales plunged 37% in Palm Beach County as market stalled in'06
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Food:

Interstate Bakeries gets more time to develop Chapter 11 plan
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Cheap money threatens to wash away global growth
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Credit Cards:

Why you should pay an annual credit-card fee
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Layoffs:

Freightliner lays off up to 1,180 workers
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Enron:

Business School Students Caught Enron Early
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Accounting:

Bankest Case Against BDO Begins
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Andersen Was Never This Rewarding
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Why the Big Four Are Still a Big Mystery
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SEC's Hewitt: Indemnify the Big Four
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Health Care:

Officials Prepared to Give $5 Million to Struggling Hospital Center, But Bankruptcy An Option
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Experts Wary of Bush Healthcare Proposal
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Judge OKs bid for Moore Medical Center
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Court Confirms OCA's Plan of Reorganization
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Now Someone Else Has to Tell Retirees 'No' -- Firms Escape Health Costs By Creating Trusts, Giving Unions Control of Funds
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Couple's saga makes case for health reform
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Groups to weigh Tri-City debt plan
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Activity level grows at former hospital
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Tax:

U.S. Reps. Introduce New Bill to Block IRS Privatization Program
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Collection Agencies Fight Back Against IRS Privatization Critics
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Debt Investors Look to 2007
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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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Don't Touch that Dial! Adelphia's Reorganization Plan Temporarily Put on Hold to Give Dissenting Bondholders Their Day in Court
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Sports:

NYRA Reports December Loss in Excess of $7 Million
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Writers on NYRA to-pay list
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Publishing:

AMS: Court Date Set for February 7, Perseus Court Filing Details
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AMS creditors petition judge for liquidation
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Bankruptcy hurts small publishers
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AMS: The NoCal perspective, AMS's side of the liquidation story
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Timber:

Schwarzenegger to defend North Coast redwoods
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Financial Literacy:

Teach your children well how to deal with money
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Utilities:

Calpine Power Income Fund Accepts Increased Offer From Harbinger Capital Partners
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Banking:

Citigroup to Buy World's Biggest Online Bank for $1.13B
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Debt Collection:

Illinois Sues Arrow Financial Services
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Werner Creditors Want to Buy Stake
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Are Corporate Restructuring Events Driven By Common Factors? Implications for Takeover Prediction
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UK:

Morgan Cole recruits insolvency team leader
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Debt Free issues warning
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The best way to go bankrupt
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Morgan Cole recruits leading business turnaround and insolvency lawyer
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Trichet warns of "unstable" financial markets
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Counting the costs of debt
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Sacked Burberry workers protest
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Debt management companies feel strain after profit warnings
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Hundreds of jobs threatened
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Scotland's fraud level 'highest'
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Fraud levels in Wales are continuing to rise
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Gangs behind rise in fraud cases
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Korea:

Head of U.S. firm Lone Star indicted in S. Korea
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Lone Star Probe Engulfs Fund's Chief
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Russia:

Consortium bids for bankrupt Yukos assets
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Gazprom-Linked Firm Makes Yukos Bid
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Thailand:

Thailand's beleaguered network ITV is heading towards bankruptcy
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EU:

Further euro zone rate hikes may be needed
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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