November 12, 2007

Daily Bankruptcy News

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Law:

Fee Fight Delays Lawyer's Discharge in Bankruptcy
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NLJ 250 Shows Big Growth Spurt for Law Firms
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Firm Scrambles to Deal With Lack of Work, Associates Wrestle With Their Options
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Bonus Watch: Kramer Levin Announces (Bonuses Subject to 'Merit' and Hours Threshold)
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Perk Watch: Ability to Read Legal Gossip Sites
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CA Firm Offers Lawyers Cushy Perks
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Truth in Large-Firm Advertising
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Not Everyone's A Winner at Nixon Peabody
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ABA Prez Calls for March on Washington to Support Pakistan Lawyers
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US, UK Lawyers to Pakistan: Reinstate Rule of Law
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Pakistani lawyers protest, Houston lawyers get it
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Attorney at Blah: JD Earns Extra $20/Hour in Doc Review
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How Much Does It Suck To Be a Temp Attorney?
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Two Firms Chart Different Courses in Wake of Tidalwave of Associate Raises
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More NY Firms Announce Extra Bonuses
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Bundling Up Legal Services
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Boston Firm Thinks Smaller, Scores Big
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Clifford Chance hits 18% first half growth
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Surveys Aim Spotlight on Outside Firms
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Donald Bren's Influence?
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Religious law schools multiplying
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Ralph Nader Takes on Big Pa. Law Firm
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Chutzpah - Lerach
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Tattoos, shaved heads and frolicking out for judges
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How far did this federal judge go?
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Super-Smarts Aren't a Job Requirement
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Mannequin hijinks doesn't equal indecent exposure
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US says it's blowing whistle on lawyer's fee; Calls 33% share of award unfair
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Judge's Daughter Flunks Bar Exam-Until High-Court Grade Change
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Federal Judge Calls Rendition Process 'Outsourcing'
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36 lawyers get in line to apply for 2 lifetime federal judge openings
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Say What?!
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The only career where optimism wasn't, well, optimal? Law.
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The Only Thing We Have to Fear is Optimism
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Economy:

The Economy on the Edge
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Investors Shred Bernanke's Outlook, Bet on Rate Cut
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Consumer Confidence Plunges To Two-Year Low
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Talk of Worst Recession Since the 1930s
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With debt at $9 trillion, US isn't 'going concern'
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It's Time to Act Like Grown-Ups
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When S--- Happens
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Accounting:

BDO stares down Big Four's dominance
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Autos:

Ford, Seeing Progress in Turnaround Plan, Intends to Keep Volvo
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Outlook good for UAW approval of Ford contract
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They moved for Delphi, then they were fired
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Dana negotiates terms to exit bankruptcy protection
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Lampert Ups AutoNation Stake
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Debt Collection:

You owe, you owe, so off to work he goes
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Aviation:

Mesa says court abused discretion
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US air carriers slow to replace their aging fleets
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Kitty Hawk delisted over financial troubles
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Fuel cost likely alters flight plans for airlines
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Columbia Bankruptcy Costs Getting Pared Down
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Environmental:

Dana asks bankruptcy court about Ottawa River pollution costs
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Personal Finance:

Debt Is the New American Dream
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In stormy times keep lid on credit use
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Entertainment:

Living Paycheck to Paycheck Was Already a Way of Life
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Obituaries:

Joseph J. Bernstein / Retired bankruptcy lawyer
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Banking:

3 Big Banks See Troubles; Barclays Falls on Rumors
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Citigroup, Banks Agree on `Super-SIV'
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Some Wonder if the Banks' Stabilization Fund Will Work
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Banks, companies, consumers. Who can rescue whom?
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Wachovia Raises Loan Loss Provisions; Reports Portfolio Losses
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Citi Utters "B" Word on E-Trade
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Robert Rubin on the job he never wanted
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For Ousted Citigroup Chief, a Bonus of $12.5 Million
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Is it the end for big banks?
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Banks in the frying pan
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Merrill Lynch peddles Chicago-based lending unit
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LaSalle's name transitions from RIP to BOA
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Bank Debt Risk Increases in Europe on HSBC Writedown Concerns
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Mass Torts:

$4.85 Billion Vioxx Settlement Validates Merck's Courthouse Strategy
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Plaintiffs Lawyers Face Hard Choices in Vioxx Settlement
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Merck $4.85 billion Vioxx settlement
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Merck's $4.8 billion Vioxx settlement: its timing and meaning
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Green Eggs & Ham
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Analysts See Merck Victory in Vioxx Settlement
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Houston lawyer's payments to insurance adjuster
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Tax:

House halts tax hike, but Dems feud over how to cover shortfall
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House Passes Tax Rise on Hedge-Fund, Buyout Managers
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IRS launches PE fishing expedition
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IRS still plagued by 'serious' control problems
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Celebrity:

Illusion of Success Gives Way to Suits and Suicide
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Ex-NBA player with at least 8 kids files for bankruptcy
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Britney Spears' Inhabits 'Parallel Universe'
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Health Care:

Suitors ready bids for Pascack hospital
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Financial Literacy:

Play money grows up
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Religion:

Bishop seeks limits for sex abuse payments
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Horse Racing:

Don't heed NYRA's threats on tracks
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Wall Street:

Is the Market Finally Waking Up?
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Nikkei drops
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Sharp Sell-Off Sweeps Asian Markets
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Fears that overseas growth won't be strong enough to put U.S. markets back on track have fueled the market retreat, as credit turmoil continues to hurt financial firms, the Fed warns of slower U.S. growth and oil prices climb
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Food/Drink:

Jays tells workers jobs may be lost
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Politics:

How a Business Flop Became Political Force
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Student Debt:

Increased Compensation Puts More College Presidents in the Million-Dollar Club
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Predatory Lending:

Trading A Structured Settlement to "Get Cash Now" - Cousin to Predatory Lending?
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Hedge Funds:

Hedge Funds up +3.01% in October; +12.39% YTD Return Strongest since 2003
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A Texas-size food fight
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Insurance:

Heat is on bond insurers, with talk of downgrade death spiral
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M&A:

Blackstone reports a loss; sees trouble with big buyouts
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Bankruptcy Reform:

The Downside of Synergy
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NAACP president bankrupt
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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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NEW
Claim Trading Alerts
The easy way to monitor bankruptcy claims trading
30-Day Free Trial

Real Estate:

All gain by permitting mortgage modification
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Subprime Losses May Reach $400 Billion, Analysts Say
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Third-Quarter Loss at Fannie Mae More Than Doubled
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Fannie Mae sees weakness in housing market continuing into 2008
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Capital One Hit by Housing Slump
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Subprime loans did help many
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Homeowners Are Too 'Big' to Fail
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Major builder files Chapter 11
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Days of getting easy cash are over
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PE funds raise cash (and risk) in targeting property price woes
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Buying risky mortgages
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Ohio Attorney General Subpoenas More Subprime-Related Companies
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Mortgage Market Smackdown: Cuomo v. OFHEO
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Bombay Co hires DJM Realty to dispose leases in the US
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Dunmore files for Chapter 11
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What lies ahead for Delta Financial?
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Finance:

High-Yield Market Poised To Stall
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Lending standards, terms getting stiffer
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Structured Fin Originators Should Hold Stake In Risk - CEPR
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Local Rules:

The Western District of Pennsylvania's Bankruptcy Court Defends Captioning Rules
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Credit Cards:

Consumer revolving credit grew again in September, however the growth rate slowed following two months of 9% year-on-year increases
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Big Fees for Little Credit
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Bank Robbery
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Asset Protection:

Reciprocal Irrevocable Trusts
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Furniture:

Levitz Furniture files for Chapter 11
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Chapter 11? Levitz Loves It
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Corporate Governance:

Boards on the hot seat
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UK:

Credit crunch leads to record levels of bankruptcy
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City troubleshooter planning to rescue stricken Northern Rock
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The debt storm
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Barclays calls in auditor to quell City fears of "black hole"
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How worried should you be about the financial squeeze?
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Is the Soulless Banker Alive And Well, Everywhere?
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Credit crunch hits top end of housing market
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Credit card number 'rises by 50%'
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Private debt overshadows Goldilocks scenario
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Australia:

Ringing up mobile debt woe
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Japan:

Japan Oct Corporate Bankruptcy Cases Up 21.8% On Year
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Shock move in Yen as carry-trades unwind
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New Zealand:

NZ bankruptcies hit 14-year high
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Korea:

Healthy S. Korean banks soon to face upheaval
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Canada:

Music World to close stores
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Court-Supervised Mergers And Acquisitions Opportunities For Knowledgeable Buyers In Distressed Markets
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Restructuring Trends, Issues And Opportunities
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