June 8, 2007

Daily Bankruptcy News

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Aviation:

NWA union vote under challenge
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Government demands millions in fees from airlines
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Law:

Boston Associates See New Round of Salary Increases
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Pay Raise Watch: Phoenix
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Greenberg Traurig's Gets New Bankruptcy Head IN NY
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National Firm Launches Bankruptcy Appeals Practice
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Sticker-Shocked Client Aims to Sue NY BigLaw Firm
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It Doesn't Pay to Leave Pillsbury Winthrop
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Judge Orders Paris Hilton Back in Court
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Handicapping the AmLaw 200
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Camp BigeeLawee
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Lawyer issues bill for crossing road
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NY BigLaw Star Loses Round to Ex-Partner on Sale of $3.5 Million Home
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After 30 Years, Law Firm Advertising Is Slow to Change
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Say What?!
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Wilson Sonsini Fired Partner Over Stock Options
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Fox Rothschild's Growth Spurt Breaks All the Rules
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Use Competitive Intelligence to Make Better Business Decisions
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Enron:

Ex-Enron lawyers want case dismissed
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Tech:

All American Semi to close Chapter 11 sale of all its assets
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Food/Drink:

Former Grocer Wins $16M From Supervalu For Forcing Him Out Of Business
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Furniture:

Outdoor Furniture Maker Files Chapter 7 Bankruptcy
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Credit Cards:

Tougher rules urged for credit card issuers
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Municipalities:

McCall plans to make first payment to avoid bankruptcy
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Tax:

Bankrupt payroll firm leaves 150 businesses owing IRS
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Entertainment:

No Rival Bid for Tower Records
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Poverty:

The disgusting business of milking the working poor
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Autos:

Dana seeks permission to drop supplier accord
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Dana will fault Sypris' performance at hearing
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Dana gets OK to sell some plants
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Real Estate:

What happens when your lender goes bankrupt?
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Rates on 30-Year Mortgages Jump
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New Century Bankruptcy Examiner Okayed by Judge
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Met trial goes to jurors
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Former Spokane company executive blames boss for bad real estate deal
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Bank to foreclose on Kara development
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Federal mortgage reform unlikely in 2007
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Sliced, Diced and Flipped Mortgages May be a Blessing in Disguise for Consumers
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Two Million Foreclosures predicted in the next 2.5 years
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Fannie, Freddie deepen involvement in subprime loan market
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Lenders Crack Down After Subprime Collapse
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Are Subprime Loans Really to Blame?
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Corporate Governance:

Directors' Duties in Bankruptcy and Limits on Creditors' Ability to Sue Directors
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Showdowns Highlight Lawyers-as-Directors Risks
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Fitness:

Bally Total Fitness Investor Cuts Stake
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Telecoms:

FTC Charges Company With Financing Fraudulent Telecom Services Scheme
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Nixon Sues Illinois Finance Company for Fraudulent Debt Collection
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Pac-West Telecomm, Inc. Granted Final Authorization for DIP Financing
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Retailing:

Retail sales fail to disperse clouds
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Layoffs:

Whirlpool to cut 730 jobs
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Bankruptcy Crimes:

Prosecutor is accused of fraud in bankruptcy
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Fitness:

Bally Total Fitness may face suit over bankruptcy plan
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Health-club deal may not be bargain
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Wattles Capital slashes its holdings
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American Landmark Files for Chapter 11
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Tardy Filing of Brief Derails WorldCom Action
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Sea Containers Wins More Time for Plan
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Consumer Borrowing Rises 1.3% in April
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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), (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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Restructuring plans get scrutiny from investors
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Bankruptcies Continue Steep Climb Up
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Mass Torts:

Federal-Mogul: Automakers' objections don't threaten plans to leave bankruptcy
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Federal-Mogul Ch. 11 Plan Has Objections
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Religion:

Creditors get OK to challenge transfers
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Corporate Reform:

Black lashes out over state of crumbling empire
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Ex-CEO admits he cooked the books
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The Nacchio Trial and Change of Venue
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Utilities:

Calpine Rejects Private Equity
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Student Debt:

Investigators ask companies about college lending practices
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Hedge Funds:

Amaranth's Dynamic Duo: Dan Webb & David Boies
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Hedge funds slam Bear over subprime losses
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Moody's Bankrupt Bond Index Rose
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Fourth Circuit Sets Limits of Bankruptcy Court's Post-Confirmation Jurisdiction
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Fitch highlights negative consequences of credit boom -
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SPhinX battles over $263 mln in Refco bankruptcy
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Royal Indemnity Company Comments on NetBank Summary Judgment Ruling
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UK:

Insolvency Practitioners Cut Income By Half, Unnecessarily
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Knifed to death - the man who owed too much to too many
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China:

Jury is out on China's new bankruptcy law
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Canada:

Accountant unravels Thow's money trail
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