June 19, 2007

Daily Bankruptcy News

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Aviation:

Attendants to get bankruptcy claim money
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'Depressing atmosphere' surrounds Air Canada layoffs
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Law:

Firms See Sunny Profit Forecast, But Associate Pay Raises Could Mean Storms Ahead
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Linklaters names Bugg as global insolvency chief
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Supreme Court Clerks' $250,000 Clerkship Bonuses
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As Rookie Pay Rises, Some Firms Hunt for Mid-Level Bargains
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Jenner & Block: A Report on the Meeting
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Pay Raises: UK - Weil Gotshal ups NQ pay to £90k
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Pay Raise Watch: Weil and Cleary to 180, Latham to 190!
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Attorneys Sue after Being Ranked Lower Than Dead and Disbarred Rivals
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Lateral Hiring by Law Firms Fill The Gap
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Law Firms Willing to Pay for 'Pro Bono'
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Who's Tops in the Trenches
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Justices Turn Back Antitrust Suits Against Wall St. Firms
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Former BigLaw Managing Partner Settles Insider Trading Charges
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The Big Machers of the Beltway's White-Collar Bar
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Managing Global Client Relationships
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High-Flyer Mel Weiss Hits Turbulence in Airplane Deal
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Economy:

The market isn't hearing the party's last call
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Celebrity:

Boy Band Mogul Lou Pearlman to Return to U.S. on Bankruptcy Charge
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Pearlman convinces judge he's down, out
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Jacko Settles Debt Collection Suit
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Bankruptcy Crimes:

Peel's sentencing delayed until Aug. 3
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Retailing:

Ronco Seeks Court OK for Loan Deal
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Tweeter Employees Say The Company Misled Them
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Rag Shops to close; no buyer was found
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Timber:

Maxxam Units Want Court OK for Bonuses
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Health Care:

2-year wait can mean death or debt
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Don't bet on retiree health care
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Religion:

Creditors may add parishes to bankruptcy
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MA: Bankruptcy filings on the rise
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The long dig out of debt
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Steer clear of a rotting bond market
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Autos:

Delphi seeks 5 more months to develop Chapter 11 plan
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Collins & Aikman may sell Hermosillo plant to Ross
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Dana, Unions Are Upbeat
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Strikes hit 2 doomed auto-parts factories
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For UAW Chief, a Bid To Forestall 'Waterloo'
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Cerberus in Talks with Ford
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Real Estate:

US home builder index extends slide in June
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As foreclosures mount, more people are considering bankruptcy
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Ownit Mortgage's Legal Fees Challenged
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Subprime Bond Downgrade: More To Come?
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Judge Won't Oust 1031 Tax Group Owner
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Mortgages Give Wall St. New Worries
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Subprime lender rises from the ashes
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Voices from the Home-Loan Bust
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Home sales hit CA state economy
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Homeowners face foreclosure facts
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'Natural' development files bankruptcy
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Corporate Reform:

Black 'Systematically Stole' From Company, US Says
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Prosecutor rips former media mogul
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Conrad Black called a liar at trial
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Black's legal team faces critical day
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The Washington Investigation and What It Means For Your Firm
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Enron:

Former Enron broadband exec gets 27-month sentence
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Fitness:

Bally closer to bankruptcy
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Accounting:

KPMG Weighed Bankruptcy as US Threatened Charges, Memos Say
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BDO Found Negligent in Florida Fraud Case
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Big Four dominance 'dangerously high'
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Student Debt:

Corrupt Colleges, Student Debt
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Utilities:

Steam-utility operator files for bankruptcy
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Publishing:

ICG/Holliston Loan Terms Challenged
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'If I Did It' OJ's Daughter's Idea
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Sports:

Vernon track's fate is in hands of state
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Owners Of Running Horse Have Until Tues. To Accept Offer from Donald Trump
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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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Online Claims Trading
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Auction your Chapter 11 claim to the highest bidder

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High-Yield Could Be the Next Subprime
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New Article Examines What Might Happen To Private Equity Buyouts In A Downturn
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Hedge Funds:

Merrill Postpones Auction of Bear Stearns Hedge-Fund Assets
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Merrill Delays Selling Bear Stearns Assets-CNBC
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Bankruptcy Reform:

BAPCPA's Success in Driving Lawyers from Bankruptcy Practice
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Tax:

Tonga is among Pacific Islands being targeted as harbor for US Funds
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UK:

Baptism of fire for Norgrove
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Debtmatters shares jump on results
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Council tax evaders could face bankruptcy
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Company failure data muddies economic picture, says study
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Company called to answer criticism
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Savvy borrowers change the lending landscape
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Cerberus to buy Focus DIY chain
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Minor lapses prove costly for borrowers
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House prices slow as properties flood the market
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China:

China punishes banks for financing stock, real estate speculation
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Canada:

Thow must talk, US court rules
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Workers strike two doomed Ontario auto-parts plants to push for severance packages
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Italy:

Parmalat Milks Money In Settlements
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Merrill settles with Parmalat for $39 million
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Parmalat's Bondholder Pact Is Upheld
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Russia:

Rosneft expects to receive YUKOS debt in the amount of 263.7 bln rub
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Korea:

N. Korea's Fifth Column in Japan Faces Bankruptcy
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