March 21, 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
Search prior headlines: http://bkinformation.com/PriorEditionsSearch.html
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Aviation:

Hedge fund group opposes Northwest $750M rights offering
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Delta pay plan wins praise
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A refreshing refusal
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"I really didn't expect as much," Delta mechanic says
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Workers skeptical of Delta
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Law:

The March of the Summers
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'Gunners' Are the Engines Among Associates
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New Partner Numbers Increase at Many Large Firms in Texas
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Hey Big Law, Are Politicians Worth It?
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DLA Piper Loses a Leader
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NY Firms Cash In as Lobbying Reaches Record Highs
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Bush Says Congress Can Question Aides but Not in Public or Under Oath; Democrats Say No
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E-Mails Detail Ousted Northern California U.S. Attorney Ryan Fighting His Fall
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Former AG Bell: Politics Has No Place at the DOJ
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Cozen Boosts Profits per Partner by 10 Percent
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Plaintiffs' Lawyer Plans to Depose Defense Attorney in Baron Suit
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2007: More Hours, More Revenue, Lots More Associates
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Alexandra Korry Is A Goddess
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Meet Pull My Finger Fred
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A Computer Forensics Strategy to Sink Your Opponent's Legal Battleship
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'Ghostwriting' Lawyer Effaced From Case on Ethics Grounds
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Say What?!
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Economy:

Fed Expected to Maintain Current Rates
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Fed May Temper Optimism on Consumers After Mortgage Meltdown
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Bush's `Ownership Society' Founders as US Economy Weakens
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Textiles:

Hancock Fabrics seeks options to financial woes
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Bankruptcy Crimes:

Woman had sex with lawyer at 16, she says
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Paralegal pleads not guilty in fraud, theft
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Stiehl says evidence is sufficient after prosecution rests in Peel trial
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Utilities:

Ameren offers old deal, new twist
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Court says Travelers can seek attorney fees in bankruptcy case
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How Am I Going to Teach This?
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Autos:

Dana CFO being paid $125,000 a month
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Red ink at Dana narrows to $739M
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Dana to take $93M cash charge in pension deal
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Charges Readied Against Reagan Aide Stockman - Work at Bankrupt Auto Firm Questioned
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Delphi Spanish Unit Declares Insolvency
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Auto dealer reaches end of the road
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Dealership staff divided over UAW
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Lear board recommends shareholders OK Icahn-led buyout
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Dana to take $93M cash charge related to Britain pension deal
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Valeo minority investor warns of Visteon risk
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New Car Loan Delinquency Rate Rises, Used Car Rate Falls
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Corporate Reform:

Black is 'bank robber in a suit', court told
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Conrad Black Trial Starts With Dramatic Opening Statement
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Black wife calls fellow journalists 'vermin' and 'slut'
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'Clawback' policies hit errant executives where it hurts most
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Banking:

Banks Confirm Talks on $80 Billion Merger in Europe
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Health Care:

Legal fees adding up in hospital's bankruptcy
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Kessler to lay off workers
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Tyrone Hospital gets plan filing extension
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Entertainment:

Britney Spears facing bankruptcy, says report
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Sales of Music, Long in Decline, Plunge Sharply
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Municipalities:

Major Osos creditors told to wait
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Credit Cards:

Citibank Wants More of Your Money
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Shiloh Industries Announces Loss in Fraudulent Transfer Litigation
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Bankruptcy Code Dollar Amounts Will Increase On April 1st
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Trial to pit Nvidia against creditors in chip merger
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Blackstone: Making a Play For the Dumb Money
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Is the Financial System a Ponzi Scheme?
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New Bankruptcy Opinions
(2 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)
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Enron:

No April trial date in Enron shareholder lawsuit
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Lerach fights Enron banks dismissal
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Rejecting Enron class action poses stark choice: Injustice for plaintiffs or injustice for defendants?
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Enron Says FERC Judge Skirted Rules In Seeking Sanctions
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Real Estate:

Fannie Mae Ends Deal With New Century
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Accredited secures financing; housing starts rise
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Home starts up 9 pct in Feb, building permits off
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People's Choice Home Loan Files for Bankruptcy
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Home permit filings decline
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Parent of sub-prime mortgage lender files for bankruptcy
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Home buyers get a second chance
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Blacks suffer most in US foreclosure surge
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Hedge Fund Lends Accredited a Costly Hand
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The Mortgage Lender Implode-O-Meter
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New Century can't issue mortgages
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Maguire's Poor Timing May Lead to Subprime Trouble
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Hedge Fund Giving Subprime Financing To Subprime Lender Accredited Home
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In subprime mortgage mess, Congress must act carefully
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MBA's Mortgage Applications Index Fell 2.7% Last Week
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Government Is `Here to Help' Subprime Borrowers
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Wells Fargo eliminates 500 jobs in subprime lending unit
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Mortgage officers jump ship
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The Subprime Squeeze Is Looking More Like a Hangman's Noose
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More states target New Century
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When You're Subprime, Nobody Knows (Or Wants) Your Name
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UK:

DWP announces extension to insolvency deadline
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Ex-Governor says Bank deliberately fueled consumer boom
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Canada:

Fall of 'death-care' empire based in BC to be filmed
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