May 14, 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:

U.S. airlines risk ballooning frequent-flyer payout
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SkyValue debt uncovered
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Law:

Dechert Cracks the Code for Am Law 100 Success
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Something for Nothing: BigLaw Says It'll Eat Cost of Raises, Won't Boost Hours
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More Firms Boost Salaries
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Salary War Rolls On, But Some Firms Still Won't Pony Up
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Sign Me Up for the Salary War
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The Heller Ehrman 'Raise'
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How Small Firms Are Managing $160,000 Salaries
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Wait and $ee: Texas-Based Firms' Lone Star Offices Unmoved in Current Round of Pay Hikes
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Some Students Shun 'Absurd' Salaries
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LeBoeuf Lamb to Law Clerks: 'Be My Lover'
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Sidley Austin: When Barack Met Michelle
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The Moustache Society
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Say What?!
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Vicarious Liability, Starring Bob Shapiro
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More Bad News on Padding Bills
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Malpractice Suit Proceeds Against Firms
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Law firms start-up bankruptcy practices
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All Eyes on Monica Goodling
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When Should a Judge Face Discipline for What an Opinion Says?
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What Not to Wear
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Lawyers Launch Blog to Cyber-Slam Bad Judges
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Bankruptcy Reform:

Fewer bankruptcies in Vt. raise questions
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Too early to declare victory for U.S. Bankruptcy Act of 2005
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Municipalities:

McCall has more options to avoid bankruptcy
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Resort town facing bankruptcy to meet with companies it owes money
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Voters OK dissolving town
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Utilities:

Ameren's profits stoke controversy
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Gross receipts tax a death threat to Illinois business
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Illinois Tax Implosion
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Bankruptcy is no cause for shame
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Autos:

Magna, Onex want majority stake in Chrysler
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DCX reaches deal with Cerberus
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Sale prompts Gov. inquiry
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Daimler confirms Chrysler sale to Cerberus; UAW on board
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Magna's loss may be a blessing
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Cerberus Appears Set to Win Chrysler
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Cerberus quietly making its moves
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Chrysler is focusing on Cerberus as potential buyer
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Magna learning Chrysler lessons
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Highly paid amid cuts
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Dana Corp. reports it lost $92 million in 1st quarter
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Democrats Prod Automakers on Mileage
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Delphi to formally announce 1600 redundancies at Spanish plant
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Economy:

Debt-laden middle class works harder, slips further
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Earning Less and Paying More
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Photography:

PCA Gets Court OK to Sell Assets
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Retailing:

Rockaway Bedding can start liquidation sales
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Entertainment:

Default Notice Zooms In on Imax
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Debt Collection:

Debt Collector v. Widow
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Bankruptcy Crimes:

Does amending schedules preclude a bankruptcy fraud conviction?
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The collateral consequences of a client's bankruptcy fraud
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Corporate Reform:

SEC Chairman Says More Executives May Face Criminal Option Charges
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First Prison Term in Backdating Scandal
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Judge Rejects Dismissal of SEC's Brocade Backdating Charges
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KC translation provider files for bankruptcy
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Third Circuit Shoots Down Plan Confirmation, Finding Improper Gerrymandering
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GMAC Nets $2B in "Drive-by" Junk Offer
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Warren: Senate Thinks About the Middle Class
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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), (12)
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Real Estate:

Double-dose of bad news for USA Capital investors
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OC mortgage layoffs begin to add up
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Deadbeats can't slip 'grim reaper'
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Chase Chases Sub-Subprime
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Foreclosures have left lenders with a backlog of homes, and some are turning to auctions and accepting big discounts
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Single Asset Real Estate Cases - Enforcing The Stay May Be Difficult Under The New Bankruptcy Code
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Lending's next tsunami?
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How a lender rose and fell
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Foreclosures plaguing Terre Haute
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Subprime lender in SD sees big losses
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Lender lays off staff in Bellevue
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New Century 'uncertain' it may ever file financial statements
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Burcaw Development files for Chapter 11
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Coast filing reveals investigation and growing loan problems
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Misery lures opportunists at foreclosure auction
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Student Debt:

Warren: Government Handouts
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European Bonds Drop on Speculation of Two More Rate Increases
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UK:

Bankrupt or sinking under debt, the new hospitals too costly for cuts
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Trustees in bankruptcy undo ancillary relief order as transaction at undervalue
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Blair's legacy: a fantasy island trying to live beyond its means
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Debt culture is alive and well in Britain
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Russia:

What makes former Yukos HQ so valuable?
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Sale of Yukos slice shrouded in mystery
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Guatemala:

Guatemalans Protest Bankruptcy
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Japan:

Japan April Corporate Failures Fall On Month; Annual Increase Slows
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