May 10, 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:

Goldman Bullish On Delta, Post-Bankruptcy
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Northwest says creditors approve its reorganization plan
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Northwest Almost Ready for Takeoff
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Delta Air Lines' Shares Rise
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Airline industry may have bumpy ride ahead
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Airport board OKs $239 million break for NWA
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Midwest defends AirTran bid rejection
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Law:

Who Pays NY First-Year Associates $160,000
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Greedy NY Associates Grumbling That They Want More Money
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And What About the Summers?
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Hogan & Hartson Goes to $160K
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As More Left-Coast Firms Call $160,000 Newby Bet, Will NY Firms Raise?
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One Firm's Move to $160,000 Puts DC at Heart of BigLaw Salary Wars
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What the Stroock Is Going On?
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Sullivan & Cromwell Joins the $70K Club
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Insolvency Expert Larry Yumkas Joins Annapolis Consulting Group
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Lawyer Lends Her Husband to Client for Prom Date
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Preparing to Survive a Dead-End Job
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Judge in $65 Million Suit Might Keep Seat on Bench
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Former Akin Gump secretary speaks about D.C. Madam
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Judge's Rhyming Ruling Could Have Been Verse
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Should the U.S. Allow Pet Pain-and-Suffering Awards?
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Skadden gears up for European class action onslaught
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Say What?!
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Lessons From Doctors
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Lawyer's Alleged 'Bedside Manner' Is Ground for Ethics Probe, Not Lawsuit
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Judges Rule on Hard-to-Discover Data
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Midsized, Small Firms Must Plan for Leaders' Death, Departure
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Chicago Matrimonial Firm Causes Stir With Billboard Ad
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Corporate Reform:

Payments were wrong: Black's ex-partner
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Defense says Radler parrots state script
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Radler set for second day of cross-examination
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Black boxes, green leaks and red-faced police
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Grasso Rolls Spitzer
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AstroPower fraud claims go to FBI, judge rules
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Food/Drink:

Nellson Seeks Court OK to Auction Assets
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Autos:

Delphi "ramps down"
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Dana Seeks Court OK to Buy Plants
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Magna bidding for Chrysler
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Partner Picked to Review BigLaw Firms' Really Big Bills
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Ford shareholder proposals focus on stocks, emissions
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Chrysler buyout popular
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SEC wrapping up GM investigation
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Auto Supplier Beats Detroit's Odds
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Predatory Lending:

Payday loans cost local borrowers $280,000 in lending fees - legislators seek to clamp down
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AZ House GOP member wants to wipe our Pay Day lenders
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Health Care:

Samaritan Hospital issues WARN notices
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Dimensions Healthcare CEO apologizes for comments on closings
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Mass Torts:

Asbestos claims ruling increases insurer exposure
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Judge Finds Asbestos Liability for Insurers in Unusual Defendant Class Action
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Congoleum Corporation Reports First Quarter Results
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Armstrong's worth in the end: 66 cents
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Retailing:

Fashion Shop wants to close, reopen with 3 stores
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Student Debt:

House Bill Puts Limits On School-Lender Ties
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Spellings faces student loan questions
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MA colleges' ties with lenders probed
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'Top Chef' Dreams Crushed by Student Loan Debt
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Hedge Funds:

Hedge Fund Spies in the Courtroom
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Publishing:

OJ Simpson's lawyer gets probation
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Bankruptcy Reform:

Small Business and the 2005 Bankruptcy Law: Should Mom & Apple Pie Be Worried?
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Economy:

Wary of inflation, Fed holds steady
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Many families scraping by, study reports
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Debt Stress:

Debt drove suspect to snap
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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)
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Cravath Swaine Adds a Bankruptcy Practice
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Skadden raid heralds Cravath insolvency launch
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The Horror! The Horror! Cravath Starts a Bankruptcy Practice
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Cravath launches restructuring group with rare lateral
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Real Estate:

New Century Contests Goverment Bid for Trustee
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Construction Compliance's Jesse Battle faces room full of creditors
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Angry creditors grill CCI chief
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Subprime woes hit buyers
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Builder plays blame game
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Homebuilders in a Hole
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Utilities:

Calpine to Pay $4.5 Million Fine
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Relief plan in motion, but ComEd could pull plug
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Tax:

IRS Toughens Deferred Compensation Rules
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Entertainment:

Lou Pearlman possessions to go on the block
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Bankruptcy lawyer seeks Headliners liquidation
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Religion:

Diocese fighting to keep court records closed
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Reconstructing the Odious Debt Exception
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UK:

Borrowing Binge Fuels U.K. Economic Worries
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Interest rates raised
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Divorcees may have assets taken to fund an ex-spouseýs debts
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Can a debt management plan save your home?
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Experian guide reveals the truth about IVAs
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Russia:

Rosneft buys key Yukos asset for $6.4B
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Watchdog denies auction winner purchase of Yukos assets
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France:

Smoby: court approves seizure of inventories to compensate creditors
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com