January 30, 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:

NWA Shareholders Press Bankruptcy Payout
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Delta sees merger with airline as option, after fending off US Airways
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US Airways' profits won't boost deal's odds
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Analysts puzzled by Delta deal
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Delta Air Lines Secures $2.5 Billion Exit Financing
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BA averts strike with last-minute union deal
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Delta creditors want hearing postponed
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Italy Receives 11 Expressions of Interest to Acquire Alitalia
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As Airlines Surge, Pilots Want Share
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Airlines being courted, but will any tie the knot?
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Union: Comair outlook grim
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Delta Creditor Group Supports US Airways Offer
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US Airways disputes report that it raised bid for Delta
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Symphony Aircraft in bankruptcy
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Law:

Sidley Austin won't give up complaint data
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Fish & Richardson Announces Biggest D.C. Pay Hike Yet for Associates
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The Sidley Austin Memo
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McDermott Entering Into Alliance With Chinese Law Firm
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U.S. Law Firm Takes A New Route Into China
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Must See TV?
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Say What?!
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Law Firms: "The Last Vestige of the Medieval Guild System"
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'Vexatious' Opinions Clash at Calif. High Court In Case Over Fired Law Firm Employee
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Ginsburg Says She Does Not Like Being Supreme Court's Sole Woman
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Firm Offers Staffers Cash, Incentives to Go Green
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Should Judges Cite Wikipedia?
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Millions in Legal Contracts Hidden in Calif.
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Lawyer Finds Firm That Lets Him Moonlight as Film Producer
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White & Case raid adds to Gibson Dunn London hiring spree
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Giuliani Law Firm Offers Texas Foothold as 2008 Decision Looms
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Economy:

Stocks Turn Mixed Ahead of Fed Meeting
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Timber:

State must defend costly deal to save Headwaters Forest
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Hedge Funds:

Amid Amaranth's Hedge Fund's Crisis, Others Profited
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Corporate Governance:

Directors Wacked for Lack of Independence
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Autos:

Labor talks slow Delphi plans
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Accounting errors embarrass GM CFO
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Dealers changing relationship with automakers
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Performance Transportation Services, Inc. Emerges from Chapter 11
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Chrysler's looming shake-up has engine workers on edge
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UAW, Ford discuss white-collar bonus
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Big 3 seek health, trade reforms
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Bankruptcy Reform:

Assessing the Impact of the New Chapter 11 Exclusivity Deadline
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Media:

Air America finally finds a buyer
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To restore Air, say pros, try new formula
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Real Estate:

Foreclosure fraud emerges as growing problem in the US
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What was Coast Bank thinking?
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Coast Bank loan holders may file lawsuit
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Judge allows Tree Moss bankruptcy
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Wachovia closes subprime mortgage unit
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Mandalay Mortgage LLC Closes Subprime Lending Unit
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Defaults "Skyrocket" In NY, MA
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Credit Cards:

TJX faces class action lawsuit in data breach
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Citigroup's Sears Problem - Level of Loans on Cards Shows Decline
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Mystery Credit Card Fees
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Corporate Reform:

Former Cendant Executive Dodges Prison Time for Role in Scandal
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Carolina Investors' ex-president says clients' money was in HomeGold's hands
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Sheppard painted rosy financial picture of company, Owen says
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Publishing:

Advanced Marketing delays its annual meeting
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Unions:

Mine case may be labor trial of year - Labor law collides with bankruptcy law
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Food:

EarthShell to Auction Assets
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Religion:

Reckoning day for ex-execs of Baptist group
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St. James Credit Company creditors seek their money, involuntary bankruptcy petition filed
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Cooley's Bankruptcy Practice Advises Former New York Met in Brooklyn Housing Project Renovation
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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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The Year in Bankruptcy: 2006
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Health Care:

Medifacts International files for Chapter 11 bankruptcy protection
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Senate panel eyes public funds to resuscitate Kahuku Hospital
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Doctors board to study oversight plan
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HealthSouth is selling 600 rehab clinics
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Insurer to pay $75 million in '98 case - The settlement relates to the Allegheny debacle
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Utilities:

In Search of the Meaning of "Utility" in Bankruptcy Code Section 366
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Entergy Reports Fourth Quarter Earnings
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After borrowing $9.5M, Mirant needs $7M to finish dam work
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Accounting:

Navistar unit delays filing annual report
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Predatory Lending:

Interest cap for payday loans
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Layoffs:

Firing workers isn't fixing problems
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Student Debt:

In Need of a New Approach for Financing Higher Education
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Port Townsend Paper Corporation Reaches Agreement in Principle With Holders of More Than 70% of Senior Secured Notes to Restructure Debt Through Chapter 11 Proceeding
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UK:

Banks shoot down IVA rockets
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Takeover rescues jobs from jeopardy
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Tough competition puts bakeries in administration
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The Companies Act 2006 - Helping or hindering in the fight against corporate fraud?
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Canada:

Crystal Garden lease used as security
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Isle of Man:

A Privy Council case heard in the Isle of Man has helped to clarify certain aspects of international insolvency law regarding cross-border cases
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Australia:

Sydney credit firm targeted for buyout - record household debt spurs demand
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Elliott offers discount debt deal
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