March 12, 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:

Northwest bankruptcy case judge orders funds' data
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3 investors ask judge to reverse disclosure ruling in Northwest case
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Law:

DOJ Goes Into Damage Control Over Firing of U.S. Attorneys
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Is Cadwalader ready for life after Wilkinson?
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Pepper Hamilton Snags IP Group From Cozen O'Connor
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Bracewell & Giuliani Adds Winstead Corporate and Securities Lawyers
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Chicago law firm's move a legal stunner
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A Lack of Business Development Was At Fault at Mayer Brown
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'Mother Mayer' Becomes a Target
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Bryan Caves In
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Ten Must-Have Web Sites for Solo Practitioners
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At Least 15 Jenkens Lawyers in Austin to Join Winstead
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Say What?!
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Health Care:

Buying a bankrupt hospital not a task for the faint of heart
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Our Lady Of Mercy Medical Files For Bankruptcy Protection
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Poverty could be just a health crisis away: Rising health care costs lead to bankruptcy, uninsured rolls
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Religion:

Bankruptcy judge releases San Diego diocese funds for school
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Bankruptcy And The Bishop
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When diocese filed for bankruptcy, woman lost day in court over sex-abuse case that tore her family apart
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Entertainment:

Michael Jackson is being forced to sell off part of his catalogue of Beatles songs in a bid to stave off bankruptcy
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Mogul says he has stopped using N-word and wants to move on from Death Row records
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Paper trail to Pearlman's money comes up cold
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Opening Bid For Church Street $34 Million
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Tax:

CA's Biggest Debtors To Be Publicly Exposed Online
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Retailing:

Risky Side of Sears: Retailer Is Recast As a Hedge Fund
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Enron:

Arthur Andersen to pay $73M in Enron deal
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Trailing behind - Two credit bubbles that burst plague mobile home parks, sales and manufacturing
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Autos:

Chrysler says to recall over 489000 vehicles
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DaimlerChrysler Hit With $50M Punitive Verdict
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Ford May Receive $850 Million in Aston Martin Sale
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In the dark over Dana (scroll down)
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Corporate Reform:

Former press lord going on trial
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All the lord's men
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Circus comes to town for Conrad
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Facing Trial and Flouting the Rules - The trial of Conrad M. Black, which begins on Wednesday, is unlikely to resemble recent corporate malfeasance trials
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Personalities in abundance at Black trial
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Ex-Friedman's CEO Stinn Indicted
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Business interests' push to ease rules at hearing
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What leads some CEOs into scandal?
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A Director's Loss by Any Other Name
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Economy:

US job growth drops to a two-year low
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Food/Drink:

Creditors File to Sell Le-Nature Assets
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Municipalities:

Prichard sees light in money tunnel
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Credit Cards:

`Maxed Out' Debtors Walk the Plank and Drown in Debt
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Credit Card Industry Takes Its Licks
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Credit Card Charegeoffs Down in February
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Hedge Funds:

US Bankruptcy Judge Tells Hedge Funds: You Aren't So Special After All
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Judge Gropper's Northwest Airlines Rulings Send Hedge Funds Back to the Drawing Board to Devise Alternative Litigation Strategies
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Accounting:

Auditors seek liability shield
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Mass Torts:

Asbestos victims claim Asarco LLC owes $2.66 billion in
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Anna:

Anna Nicole Smith bankruptcy and estate issues become law school case studies
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HiEnergy Technologies, Inc. Announces Decision to Seek Bankruptcy Protection
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It's a great time to become a bankruptcy lawyer
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New Bankruptcy Opinions
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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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Bankruptcies seen soaring this year
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Real Estate:

Bad home loans to weigh on Wall Street
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Subprime Lending's Next Act
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Morgan Stanley pulls its New Century financing after a day
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New Century gets letters from key lenders
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The harsh side of the housing boom
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Subprime Implosion Leads To Ad Trouble
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Worse to come for sub-prime loans: Fed
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Credit Crack-Up
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Crisis Looms in Market for Mortgages
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NovaStar tries to navigate a stormy market
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Foreclosures May Hit 1.5 Million as US Housing Bust Deepens
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When lending practices create bubbles, expect them to burst
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Foreclosure cases swamp Legal Aid
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GE's mortgage unit slashes 20% of work force
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Investor to buy Brasota loans
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With Delinquencies Rising and Lenders Feeling the Pain, Here's How to Spot Looming Risks in Your Home Loan
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Bankruptcy speculation swirls around troubled home lender
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At a Mortgage Lender, Rapid Rise, Faster Fall
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Troubles Hit Real Estate at High End
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UK:

CCS to offer IVA services
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Hope glimmers at the far end of the Eurotunnel
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Backlash against the buyouts - Private equity is under scrutiny as never before as concern grows about tax avoidance and windfall profits
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Korea:

Lone Star's KEB Deal Said Illegal
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Czech Republic:

Textile firm Texlen Linen goes bust
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Japan:

Japanese lenders deny loans to credit risks
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Japan Corporate Bankruptcies Up in Feb.
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Canada:

A partnership that simmered, boiled -- and then exploded - How a top developer and his financier came to be at each other's throats
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Russia:

PWC raided as Moscow turns screw over Yukos
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