May 17, 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:

Hearing starts on Northwest's bid to leave bankruptcy
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Bankruptcy judge approves deal between NWA and shareholder group
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American chief defends execs' bonuses
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AA meeting tense
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Executive pay puts Arpey on hot seat
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AirTran extends its tender offer for Midwest until June 8
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NWA to defend its stock plan at hearing
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Creditors slow to buy NWA stock
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Law:

US leaders continue restructuring drive
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Who Is Really Willing to Pay Associates Top Dollar -- and Who Isn't
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Hangley Aronchick Raises Associate Salaries to $135,000
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Duane Morris holds transatlantic merger talks
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Second-Career Lawyers Opt to Go Solo
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Premature Promotions at Cahill Gordon?
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Is It OK for Lawyers to Copy Complaints?
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How Law Firms Must Deal With Bad News in an Internet Age
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Silbermannerisms
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Judge Struggles to Grasp Newfangled Idea Called "The Internet"
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Mintz Levin associates set for etiquette classes
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Consultant Compatibility: Take the Quiz
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Law Firm's Core Values Determines Partner Income
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Father-Daughter Supreme Court Clerks
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Lawyers Pay Price in DuPont Fee Case
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Say What?!
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Jury: Milbank's Blattmachr Breached His Fiduciary Duty
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Lawyer's Fisticuffs Results in Littler Named in Lawsuit
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Gonzales Under Renewed Attack Over Ashcroft Hospital Confrontation
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Regional Law Schools and Lawyer Income
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Giuliani Earned $17M
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Hardly a Hollywood Ending
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US lawyers keep office hanky-panky under control with a 'love contract'
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Corporate Reform:

Unaware of Hollinger share-price jump: Radler
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Kipnis payments unrelated to charges, Radler says
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No let-up in attack on Radler
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Lawyers pounce on Radler's stock-price testimony
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The Crackdown On Stock-Loan Schemes
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Judge Breyer Slaps Down Backdating Defense
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SEC Office To Focus On Returning Funds To Investors
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Debt Collection:

Sallie Mae faces questions over debt collection
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Timber:

Some agreement found in PALCO bankruptcy case
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Palco gets more time
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Accounting:

Deloitte Poll: Companies Not Ready for Fair Value
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PCAOB Gives Better Grades to BDO Seidman
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Siemens steps in to rescue Robicon from bankruptcy
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Autos:

Union officials upbeat after Cerberus meeting
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Workers of Chrysler, disunited
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Chrysler health outlay a bitter pill for owners
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Cerberus's Chrysler Buy Helps Buyout Firm Mimic GE, Snow Says
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Chrysler Sale Is Right Move, Zetsche Says
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Chrysler out of excuses for sales problems
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Cerberus has trust for now
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A Deal that Could Save Detroit
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Three prominent law firms help Cerberus in acquiring Chrysler
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Real Estate:

Construction report hints housing mired in a slump
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Home Builders Rebound? April Fools!
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Subprime whistle blower was fired
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Homeowners complain that Litton Loan is quicker to foreclose than it needs to be
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Foreclosures Spur Ohio-Led States to Rescue Homes From Default
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SouthStar Funding Advisors (scroll down)
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Florida ranks high in April foreclosures
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Lengthy housing slump expected
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No government aid for foreclosures, poll says
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New Century Loan Servicing Unit Sells for $188 Million
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Ohio targets bond firms - Suit against securities firms would focus on role in subprime loans
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Politicians probing collapse of 1031 exchange firm
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Utah cedes loan fraud throne
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Mining:

Asarco seeks to raise salaries, keep employees
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Retailing:

Time Running Out for Tweeter
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Economy:

Three Views on Whether Financial Disaster Lies Ahead for the US
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Banking:

Lampert disclosure boosts bank's stock
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A Bigfoot Is Stalking Citi
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Binding Arbitration and Consumer Bargaining Power
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Education:

$2 million cash gift saves Myers school at 11th hour
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Credit Reporting:

Companies tweak credit score formulas
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Enron:

Candidate Edwards Presses SEC Chief On Supreme Court Case
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Intellectual Property:

A Second District Court Decides Whether A Trademark License Can Be Assumed In Bankruptcy
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Tax:

House Committee to Hold Hearing on IRS Collection Program
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Oil/Gas:

Rumford Energy LLC files for bankruptcy
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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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Taking a Bite Out of Bankruptcy Claims
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Chemicals:

Solutia files amended plan, hoping to exit bankruptcy in months
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Furniture:

PeopLoungers files Chapter 11
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Health Care:

Tenet Will Not Sell Debt of Terminated Hospitals
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Cardinal Hill fears losing Samaritan unit
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Predatory Lending:

Utah legislators consider action on payday lenders
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Entertainment:

Jacko tries to block auction
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Jackson Warned To Drop Legal Action To Save Embarrassment
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Wife of former investment guru Wade Cook pleads guilty
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Doral Agrees To $610 Million Recapitalization
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Fickle Fortresses or Friendly Forums? Judicial Co-operation in Cross-border Insolvency Cases and the "Offshore" World
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UK:

Grant Thornton reveals good news for UIC creditors
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Repossessions are a turning point
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FA looks to tackle 11th hour administrations
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Russia:

Gazprom Denies Being Behind Yukos Bid Winner
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Yukos chairman eyes Russian presidency
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Yukos administrator to offer unsold assets to Rosneft
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India:

Go-ahead to banks, PDs to enter credit default swap mart
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Italy:

Parmalat to Sell Spanish Assets
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Netherlands:

Directors' and Shareholders' Liability as a Means of Protecting Creditors of the Bv
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Canada:

Portus Co-Founder Manor Blames Colleague for Fund's Collapse
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Latin America:

Overview of Recent Reforms
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Denmark:

Faster Handling of Bankrupt Estates in Denmark
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Asia:

Think Global... Act Global...
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Nigeria:

Judicial Treatment of Insolvency Matters in Nigeria
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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