June 13, 2007

Daily Bankruptcy News

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Airlines:

Northwest sees second-quarter revenue decline
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An airline shows some sense on pay
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Law:

Lovell's Adds Restructuring Partner
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Steptoe - Hire - Kick - Launch: Cha-Cha-Cha -- Firm Adds Bankruptcy Team
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Steptoe & Johnson Announces Launch Of New Subprime Lending, Litigation And Restructuring Team
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Steptoe's Latest Steal Is From Kirkland - Bankruptcy Partner
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Steptoe & Johnson Announces Arrival Of Robin Itkin
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New Lawyer Search Web Site Stirs Controversy
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Judge Suing D.C. Dry Cleaner Chokes Up in Courtroom While Recalling His Lost Trousers
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Live from the Case of the $54 Million Pants
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Where Are All the Wannabes?: Law School Enrollment Dropping
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Houston, We Have an Arbitration
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Pay Raise Watch: More Chicago News
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Pay Raise Watch: Ohio
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Good Managing Partners: 7 to 12 Times a Year
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TB Patient's Family Little Help
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Be Careful What You Ask For
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RAM Ruling Portends a New E-Discovery Brawl
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Slater & Gordon Lifts Curtain on Global Law Firms Going Public
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Business Community, ACLU Share Distaste for High Court Rule Changes
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Thelen Reid Partner 'Ambushes' Class Certifications With Private Eyes' Help
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Lawyer accused of drunken antics on flight
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Committees:

Ad Hoc Committee Disclosure Requirements - A Bitter Pill to Swallow for Distressed Investors
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Celebrity:

Bankruptcy Judge Orders OJ Simpson's Daughter Must Testify
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Boy-Band Loot Sold at Bankruptcy Auction
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Manufacturing:

Werner sells assets to emerge from bankruptcy
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Real Estate:

Sub-prime lender New Century ousts CEO
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Can People Learn to Be Good Borrowers?
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Dispute among Wall Street titans could affect millions of mortgages
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Bear Stearns' Subprime Bath
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Regulators Kept Quiet as Subprime Lenders `Targeted' Minorities
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Sacramento No. 7 in foreclosure rates
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Subprime Crash Squeezes First-Time Buyers Out of Housing Market
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Fed to review subprime loan issue
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More signs of turmoil in US subprime sector
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Foreclosure rates in Detroit and Michigan among highest in nation
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Hedge Funds Warn SEC to Watch for Manipulation of Subprime Debt
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U.S. Mortgage Foreclosure Filings Rise 90% in May (Update1)
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Protecting gullible homebuyers
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Celebrity broker down to last millions
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Lose Home, Pay More Tax
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Lenders, government help home buyers avoid foreclosure
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Education:

Finances shutter Antioch
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Credit Cards:

Warren: Warning - This Card Stinks
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Autos:

Collins & Aikman seeks to sell plastics business
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Tower Automotive Posts 2006 Loss
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PE Firms Circle Jaguar
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Ford: Cut labor tab 30%
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Getting A Refund From A Bankrupt Warranty Company
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Corporate Reform:

Top Managers Do 'Best' Frauds, Black Witness Says
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Defense rests case at Conrad Black trial
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Conrad Black declines to testify at his fraud trial
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High Burden of Proof for Whistle-blowers
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CO: $12.6 million judgment levied in fund manager fraud case
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Twenty Things You Should Know About Corporate Crime
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White-Collar Legal Fees: KPMG & Jamie Olis
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Fitness:

Chicago Athletic Association files for bankruptcy
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Bankruptcy Reform:

Per BAPCPA Absolute Priority Rule No Longer Applicable to the Retention of Property by Individual Chapter 11 Debtor
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New Burdens but Few Benefits: An Examination of the Bankruptcy Counseling and Education Requirements in Massachusetts
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Bankruptcy brouhaha: Report raps counseling mandate
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Bankruptcy protection for student loans should be restored
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Telecoms:

Adderton out at Amp'd
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Online Claims Trading
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Auction your Chapter 11 claim to the highest bidder

www.t-rexauctions.com

Free • Anonymous • Non-Binding

Maritime:

Queen Mary litigation dismissed
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Religion:

Judge denies newspaper records request
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Bankruptcy Crimes:

Sentencing delayed for attorney Peel
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Accounting:

Revenue surge at Big Four shows old habits die hard
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KPMG: London facing skilled staff crisis
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Mass Torts:

Senate is close to a deal on a bill to ban the use of asbestos
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New Rules on 95 Thousand Asbestos Claims a Major Move Against Fraudulent Lawsuits
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US Gypsum Corporation Establishes Asbestos Personal Injury Settlement Trust
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Corporate Governance:

Gheewalla Gaps
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Finance:

Aspen Slips Up on Securitization -- How a receivables securitization at Aspen Technology suddenly turned into debt
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Enron:

President weighed in on Enron investors case
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UC Appeals Enron Bank Fraud Case To Supreme Court
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Setback for Enron investor lawsuits
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DOJ Breaks Ranks With SEC on Stoneridge
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Avoiding Forfeiture of Estate Causes of Action Triggered by Conversion to Chapter 7
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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), (12)
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The Debt Divide: Gender
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Sports:

Former NFL star ordered into bankruptcy to pay child support
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Health Care:

Medical bills can end American Dream
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Future of hospital unclear
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Lives 75% Worth Living?
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Municipalities:

McCall plans to make first payment on $6.2M judgment
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Retailing:

Tweeter Could Be Sold By August
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Hedge Funds:

Activists Hurt Bondholders
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Predatory Lending:

Payday Lending: The New "Laboratory of the States"
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Student Debt:

Cuomo introduces "Student Bill of Rights"
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Loan plan would help college students
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Economy:

Retail sales surged 1.4% during May, a rate more than double the expectation, in a broad-based increase that gave a strong sign the economy was rebounding
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The Real Cost Of Offshoring
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Government deficit hits $67.7 billion in May
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Pensions:

Legal Tender: $59 Trillion
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Anna:

Will Anna Nicole's Estate Win Her Case?
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Suit Against Adelphia Banks Continues
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US bonds plunge again as credit fears mount
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The Takeover Boom, About to Go Bust
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Focus on Feasibility
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Application of the Absolute Priority Rule to Pre-Chapter 11 Plan Settlements: In Search of the Meaning of "Fair and Equitable"
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Warren: Must the Poor and the Middle be Enemies?
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Important Application of Owens-Corning Standard for Substantive Consolidation by Delaware Bankruptcy Court
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UK:

Unite urges Government to save Jaguar
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Students graduate with £30,000 debts
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One in 10 families go without food
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Canada:

Hundreds of boats to be seized from marinas
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Italy:

Parmalat: Judge indicts 4 international banks in Europe's largest corporate bankruptcy
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Citi, Morgan Stanley, Deutsche Bank And UBS Indicted in Parmalat Trial
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Russia:

YUKOS's Siberian assets to be auctioned off
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