November 1, 2007

Daily Bankruptcy News

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Law:

A game plan for survival
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Mayer Brown Launches Subprime Team
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Advice From a Wannabe Rainmaker
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A second-year earns more than the Chief Justice.
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UK elite to post budget-busting results
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Debevoise Announces Year-End Bonuses
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Bonus Watch: Debevoise & Plimpton!!!
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Bonus Watch: Simpson Thacher!!!
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Outside Law Firms Still Don't Get It, In-House Counsel Say in Survey
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Law Firms Seek $460 Million in Tyco-Case Fees
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Brother, can you spare a tranche?
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Baker Botts Adds Bankruptcy Lawyer
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Watson Farley/Chadbourne merger talks hit delays
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Lawyer fined for vandalizing cars after too many drinks
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Law firm sues ex-NYC police commissioner for not paying bill
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It's Official: Pants Suit Plaintiff Loses Post
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No Time to Do Time
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Stanford Law School Dean Larry Kramer on Today's Parlous State of Affairs
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Attorney general nominee's confirmation may now be in doubt
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The FBI, Egyptian Torture, and the Court Opinion That Wasn't
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Is BigLaw Ready for Outsourcing to India?
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Harvard No. 1, Yale No. 8 in Latest Rankings
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Susskind predicts demise of lawyers in IT-led future
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Real Estate:

Foreclosures jump 30 percent in 3rd quarter
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Construction Spending in US Unexpectedly Rose in September
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Defaults on insured home mortgages rose 22%
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New Jersey announces plan to target mortgage woes
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Who's In Your Pocket Now? The Foxtons' Bankruptcy
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Beazer Staves Off Default
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Will Congress let American dream die?
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Spokesman upbeat on future of Laughlin Ranch
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Chemicals:

Solutia Nabs $2B Bankruptcy-Exit Loan
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Bankruptcy Reform:

Mortgage bankers oppose workouts for bankrupt homeowners
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MBA Fights Two Percent Mortgage Interest Rate "Tax"
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Subprime: Bankruptcy bill faces roadblocks
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Hedge Funds:

Key credit deal for Cheyne 'under question'
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Bear CEO's handling of crisis raises issues
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Bear Stearns CEO James Cayne was out of the office playing bridge and golf on critical days this summer, while two of the company's hedge funds faced turmoil
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Manufacturing:

Global Power Equipment gets nod to inform creditors
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Autos:

Chrysler begins laying off thousands of workers
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Ford, UAW talks adjourn until later this morning
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Economy:

Fed Lowers Key Interest Rate by a Quarter Point
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US private sector adds 106000 jobs in October
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U.S. economy grew at a 3.9% annual rate in the third quarter
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Americans' Debt: Why Keep Digging Deeper Holes?
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Surge Will Be Brief, Economists Say
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US Oct Job Cuts 63,114, Down 12.0% From Sept
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Tax:

Congress tells IRS it can count on AMT relief before end of year
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Theme Parks:

Rides Leave Wild West World
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Health Care:

Bayonne hosp negotiating sale in court
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Hospital to get a new owner
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BMC to keep acute care
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Celebrity:

Former Detroit Red Wing Darren McCarty to auction some possessions
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Credit Cards:

Is credit card debt the next wave of the subprime meltdown?
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Maxed out on credit card fees
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Finance:

U.S. superfund for credit markets aims to buy time, not stage a rescue
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Privacy:

No Ombudsman in American Home Bankruptcy
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Twice As Bad Is Very Bad
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Food/Drink:

Owner of $3M LeNature's diamond in dispute
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Mining:

AG Wants Mining Company To Pay Up For Cleanup
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Horse Racing:

IRS: NYRA owes $1.6B
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Labor:

U.S. House backs legislation that would safeguard workers
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Aon restructuring to cut 2,700 jobs
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Banking:

Bingham leads push for post-crunch bank-on-bank litigation
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Credit Suisse takes £1bn credit crisis hit
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Credit Suisse said net profit slipped 31%, and it had written down $1.9 billion for unsold leveraged loans and structured products such as mortgage securities
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Bank Of America Layoffs Start At Investment Bank Division
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New Bankruptcy Opinions
(No 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), (12)
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Zombie Debt:

Prisoners of Debt
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Wall Street:

Merrill board: Too late to the game
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Finance firms face further writedowns
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Futures Drop After Credit Suisse Write Down
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The Next Worry: Bond Insurers
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Credit Reporting:

Discharges Conveniently Not Updating? - A lawsuit charges two credit bureaus with calculated carelessness
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8 secret scores that lenders keep
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Corporate Reform:

What's Behind the Drop in Corporate Fraud Indictments?
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Companies under backdating spotlight shell out massive legal fees
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Convicted white-collar criminals owe billions in restitution. Getting them to pay it is another story
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Aviation:

Hawaiian Holdings shares rise after lawsuit win
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Airline Analyst Peter Forman on go!'s Future
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Mesa vows to stay in Hawaii, appeal judge's ruling
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Specter, Casey blister US Airways
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Telecoms:

Sprint Nextel reported a 77% drop in net income as it continued to lose high-margin subscribers
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Asset Protection:

Federal Trade Commission bans Asset Protection Group Inc.
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Dave's Required Bankruptcy Reading for June 2007
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Zack's Required Bankruptcy Reading for July 2007
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Nearsighted Justice - When Is It Good For A Court To Err In Deciding To Liquidate?
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UK:

Banks force IVA figures down, but the number of people facing financial crisis keeps rising, says insolvency trade body
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Canada:

Livent: Accountants get the hook
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Netherlands:

Dutch court voids YUKOS bankruptcy in Netherlands
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"Auction of Yukos Dutch assets was illegal"
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Germany:

Deutsche Bank Shrinks Bonus Pool After Writedowns
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