January 4, 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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Aviation:

Shares of United Airlines parent UAL surge
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Northwest, MAC defend proposal for financial help
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Analyst Sees Republic Airways-Delta Deal
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Northwest's IAM Plans to Sell Part of its Claim Against Carrier
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Delta accelerates SkyMiles' expiration
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ALPA's Prater Vows Harder Line In Airline Negotiations
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Bankrupt airliner makes popular offer
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FLYi Seeks 4 More Months for Ch. 11 Plan
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Law:

One in six firms to merge or fold
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Kirkland bucks the trend and raises bonuses
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New 640-Lawyer Firm Established as Combination of Drinker Biddle and Gardner Carton Becomes Effective
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Rehnquist File Sheds Light on Drug Dependence, Confirmation Battles
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Anonymous Lawyer
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Morgan Lewis opens Houston site
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The Longest Law-Firm Name Ever, Part II
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TX Firm Closes DC & California Offices
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Greenberg Traurig Reached $7.6 Million Settlement with FDIC
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Say What?!
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Lawyerly Lairs: Tax Breaks for Cravath Partners?
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Poll Results: Greedy Associates Aren't THAT Greedy
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States Letting Lawyers Provide 'A La Carte' Menu of Legal Services
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Practical Responses to New Federal Rules on E-Discovery
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BDO report predicts busy times for fraud lawyers
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An Organization for Law Firm Rainmakers
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Class-Action Lawyers Jumping Across the Pond
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Who? Me Innovate?!
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Attempted California Expansion Proved Costly for British Firm
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Economy:

Cooling housing likely to damp economic growth in near term
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Fed Members' `Predominant Concern' Is Still Inflation
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US markets surrender to inflation fears
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US manufacturing sector expanded in December
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Fed minutes suggest some officials have doubts about the economy
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Enron:

Former Enron Exec Causey in Prison
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Furniture:

Rowe Asks for More Time for Ch. 11 Plan
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Media:

Court Says Defamation Suit Against Air America To Continue
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Credit Cards:

Bank issues credit card to cat
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Utilities:

Electricity rate hike faces last-ditch fight
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Legal Rules and Bankruptcy Rates: Historical Evidence
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Companies Exhibit Early Warning Signs of Trouble -- Early Action May Stem Losses, Save Businesses
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Autos:

US Trustee objects to Delphi investment deal
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Auto Executives Expect More Bankruptcies in the Next Five Years
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Fitch Offers Crash Test of Manufacturer Bankruptcy Effect on U.S. Auto ABS
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Goodyear to offer buyouts to cut 400 workers
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Ford to revamp entire lineup by 2010
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Auto Sales at Big 3 Fall Further
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Car industry executives expect consolidation
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Auto officials expect slower sales growth
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US carmakers in retreat at show
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GM 'heading for a wreck'
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KPMG 2007 Global Automotive Survey
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Collins-Aikmen workers notified jobs are gone
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Ford starts early talks with UAW
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Corporate Reform:

Fighting Back vs. CEOs' Compensation
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Legal Beagle Blake Replaces Nardelli at Home Depot
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The $210 Million Goodbye - And The Law Firm That Said 'OK'
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Lawsuit claims Apple manipulated options
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Is Steve Jobs Untouchable?
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Could SOX Fall?
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Food:

Interstate Bakeries cuts monthly losses in November
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Sports:

Vernon Down Asks For State's Help
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The future of New York racing goes unmentioned
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Prosecutors seek jail for Tyson
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Real Estate:

More on Ownit
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Building activity slips 0.2 pct. in Nov.
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Conn. mortgage lender investigated
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Scores of mortgage borrowers left in lurch
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Moody's May Cut Mortgage Lenders Network's Servicer Rating
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Subprime lenders hit Wall Street funding wall
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Mortgage scams send home foreclosures skyrocketing
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A Nasty Hangover for Homebuilders
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Foreclosures Continue To Rise In North Texas
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Accounting:

Prosecutors Drop Charge Against KPMG
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Judge says he will confirm Adelphia's plan to exit bankruptcy
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World's oldest professions to link hands
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Rep Frank: If FDIC Permits Comml-Firm ILCs, House Will Act
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When a law firm dies, where do its records go?
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Banks, Clients Face Difficult Choices in Chapter 11 Weighing Legal, Practical, Strategic Considerations
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A Checklist for Post-Confirmation Litigation
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Risk Considerations When Investing in Distressed Debt
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New Bankruptcy Opinions
(2 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)
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Health Care:

Judge Signs Temporary Restraining Order On Hospital Closing
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Hospital bid deadline nears
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Hoboken OKs $52M bond guarantee for ailing hospital
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Bankrupt hospitals use real estate (scroll down)
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Friday deadline set for bids for bankrupt Moore Medical Center
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Telecoms:

NewComm Wireless wins court approval to auction assets
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Pensions:

The End of Retirement
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Tax:

Jackson Hewitt to pay $5M to settle lawsuit
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Layoffs:

Jobster lays off 60 workers as part of restructuring
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Entertainment:

Whitney Houston's goods go on auction block
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Credit Reporting:

Risk of negative amortization loan not always hanging in the balance
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Mass Torts:

Congoleum Debtors-In-Possession and Bondholders Committee Seek Leave to File Avoidance Complaint Against Kenesis, Maintain Record of Adversary Proceeding Under Seal and Stay Proceeding upon Filing of Complaint
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Pennsylvania Bankruptcy Court Rules Debtor Counsel Memorandum Addressing Anticipated Magnitude of Silica Liability Became Discoverable When Provided to the Debtors' Expert But Is Not Admissible As a Party Admission by the Debtors
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Walters forced to clarify Trump's financial history
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For lawyers, the big Dickens novel is supposed to be Bleak House , but for bankruptcy lawyers -- Little Dorrit
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Financial literacy improving, but many still live paycheck to paycheck
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SMART Papers Acquired by Hedge Fund
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UK:

Share surge for bad debt firms
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Insolvency practitioners' response to debt forecast figures
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Little Chef saved at the 11th hour
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Greeting card and CD chains go under
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Thousands of jobs at risk as retailers call in administrators
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Record ICAEW fines for Deloitte and KPMG
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A nation drowning in an ocean of debt
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Predictions for rising insolvency ring true with Corporate failures storming to highest level for more than a decade
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Germany:

Number of jobless Germans up in December
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Norway:

KPMG accounting group acquitted in Norwegian bankruptcy case, accountant sentenced to prison
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