November 19, 2007

Daily Bankruptcy News

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Law:

For Summer Associates, Size Does Matter
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Bonus Watch: Schulte Roth
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In-House Lawyers Report Drop in Corporate Suits
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Corporations Use Surveys to Get Feedback on Outside Lawyers
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Going corporate no longer looks like such a bad idea
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Law firms report 2007 headcount leap
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Sidley Austin Subprime & Slump -- Blue-chip law firm rode securitization wave on way up. Can it land safely on way down?
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Hourly rates rocket by 67 per cent
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Spiraling hourly rates fail to trickle down to associates' pay packets
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Nutter McClennen No. 1 in Summer Associates Survey
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Cozen O'Connor Says Sex Bias Plaintiff Fired for 'Poor Judgment'
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Legal champion for the middle class
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Dewey & Leboeuf LLP Renews at 260 Franklin Street in Boston
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Is Client's Gripe Cause to Notify Your Insurer?
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Ex-Judge Sentenced to 33 Months for Money Laundering Scheme
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Blue Chip Companies Are Turning Toward ADR
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Appeals court says attorneys must serve as arbitrators when ordered
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She Raw
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Income Gap For Women Persists
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Post- (And Pre-) Merger Integration: The Reed Smith/Richards Butler Story
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What Happens Post-Merger Matters More
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NY Bar Exam Takers Pass at Record-High Rate
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(Really High ) CA Bar Exam Numbers Leaked
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Blaze that destroyed Supreme Court justice's home a mystery
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Starting salaries for London lawyers soar to £60,000
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Cheerleader of the Day: Heather Johnson
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There seems a good chance that U.S. District Judge Samuel Kent will face a jury of his peers
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Why was assault called harassment?
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Outsourcing Survey
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"In Contempt"
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Conviction for Sex With Bike Sparks Freewheeling Debate
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Say What?!
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Economy:

Prospects for rate cut fade
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Fed and markets set to clash
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Bond Market to Bernanke: Recession Threat Means More Rate Cuts
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Goldman Sees "Substantial Recession" Risk
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Subprime Woes and Credit Market Turmoil Bring Down Financial Executives' Confidence in the Economy
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Slowing Economy Proves Fitzgerald Wrong: Rich Aren't Different
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The Economy's $2 Trillion Worry
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October industrial output falls 0.5%, most since January
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Wall Street:

Wall Street Plans $38 Billion of Bonuses as Shareholders Lose
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Merrill to Pay Chief $50 Million, More if Stock Rises
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New Merrill boss Thain gets $15 million bonus
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Merrill to Pay Thain at Least $44 Million This Year
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What do Enron and Merrill Lynch have in common?
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Credit turmoil: How Goldman steered clear
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Goldman Sachs Rakes in Profit in Credit Crisis
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Risk managers return (belatedly) to Street
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Stocks set to fall on fresh credit woes
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Boating:

Nichols Brothers Boat Builders seek bankruptcy shield
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Religion:

Diocese doesn't file bankruptcy plan
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Deal reported in abuse cases
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Jewelry:

Fabrikant Creditors May Sue Former Chairman's Estate For $10M
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Credit Cards:

Warren: How Profitable Will the Customer Be?
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Mortgage crisis: Pain or gain for credit cards?
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Horticulture:

Horticulture industry faces bleak future
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Theme Parks:

Auctions set to sell theme park contents
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Utilities:

Calpine Inks Settlement With Creditors
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Retailing:

Retailers are sweating the holidays
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"It's Christmas. Buy This Crap."
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Banking:

$80 billion more in subprime write-downs from banks
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Banks can stand the pain - which is just as well
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Losses may erase Citigroup's 4th-quarter profits
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Should Bank Regulators Force Writedowns?
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Citigroup: Cracks in the Edifice
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Citigroup Cut To Sell From Neutral By Goldman Sachs
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Deutsche Bank Chief Says Market 'Nervousness' Increased Again
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Real Estate:

Housing Starts May Drop to 14-Year Low
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Congressman Asks For Foreclosure Moratorium
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White House objects to parts of mortgage-reform bill
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Fed's Stern: Foreclosures in housing to rise
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Keeping Americans in Their Homes
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Building giant's fall stuns buyers
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Levitt and Sons bankruptcy hinges on dispute with lenders
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Lowe's gets demolished
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Newmark parent considers Ch. 11 bankruptcy
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Short sales raise tax questions
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Foreclosure crisis ignites debate in religious circles over debt
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House poor and deeper in debt
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Some homebuilders face bankruptcy in slump
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How Hovnanian lost big
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James Hardie Earnings Fall 32% on U.S. Home Slowdown
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Creative pay packages for top officials of subprime mortgage company
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Stalled condominium projects may tarnish Trump's reputation
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Struggling Homeowners Faced With Hidden Mortgage Fees
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Durbin Wants To Aid Homeowners In Foreclosure
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Delta Financial Selling Big Stake To Angelo Gordon
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We are all subprime
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Mortgage fraud cases yield tough sentences
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Beware of pitches for distressed property
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More Homeowners Skipping Out On Property Taxes
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Property taxes and declining home values
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Risk to mortgage insurers grows
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Foreclosures quietly blighting neighborhoods
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Don't lose house plus money for retirement
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Home builders looking for ways to survive downturn
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'Piggyback' downpayment loans are drying up
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Housing woes grip Hispanics
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No-proof loans fed mortgage bubble
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Bankruptcy filings illustrate a spreading pain
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Edward Okun sued over $86 million loan
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HSBC Performs 31,000 Mortgage Modifications
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Mass Torts:

Do Vioxx Plaintiffs Face a Hobson's Choice?
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Aviation:

For UAL, the skies won't get friendlier
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Airline Mergers Only Delayed
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Airline mergers usually don't fly
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Pardus Capital Management To Take Delta Merger To Shareholders
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What if American hadn't avoided bankruptcy?
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Airport questions Kitty Hawk property sale
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Shipping:

FedEx Cuts Profit Outlook on Fuel, Slowing Freight
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Telecom:

Vonage Holdings: Going, going, gone
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Celebrity:

Kerry Katona facing 'cash crisis'?
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Bonds' defense: Lawyer may have talked his client into a corner
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Hedge Funds:

Fund drops dissolution request
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United States officials allege fraud in hedge funds failure
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Aladdin Eyes Distressed Mortgage Fund
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Resorts:

Bidding on Joe Pool Lake resort plans delayed until January
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Debt Collection:

Collecting Debt With IT
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Layoffs:

Financial Services Industry Laying Off By The Hundreds
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Manufacturing:

Judge oks Rockford Asset Sale
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Personal Finance:

Here's a revolutionary idea: Save more money
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Young People Worry About Limited Credit Access
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Bush demands relief for middle-class taxpayers
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Credit crunch seen squeezing consumer debt
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Derivatives:

Swiss Re Has $1.07 Billion Credit-Default Swaps Loss
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Autos:

No jobs uptick till '09
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Music:

More blues for the record industry: Sales to plummet
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Credit Repotting:

Why medical debts shouldn't count
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Food/Drink:

Ailing TGI Friday's eateries for sale
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Workers of Chicago snack company plead for their jobs
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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

Bankruptcy Statistics:

Filing for bankruptcy more commonplace
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Oklahoma debtors filing more bankruptcy cases
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Business bankruptcies on rise in northern Alabama
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Golf:

One parcel might make or break Running Horse plan
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Weather:

Drought's Financial Impact Spreading
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M&A:

Bribery and Corruption in M&A Deals
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If Buyout Firms Are So Smart, Why Are They So Wrong?
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Art:

Art Dealer Salander to Sell Town House as Judge Knocks Spending
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Not a pretty picture: Auction houses adding more risk to balance sheets
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Politics:

Will Bad Mortgages Hurt the GOP?
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Chemicals:

Solutia Bondholders Fight Ch 11 Ruling
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Predatory Lending:

No tiny fonts allowed!
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Enron:

Attorneys take slap at barge case prosecution
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Sales:

Sixth Circuit Bolsters Free And Clear Sales
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Corporate Reform:

Judge Allows Lawsuit Against Monster Founder to Continue
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Student Debt:

Student debt becomes stifling
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Accounting:

Revised Charges Filed in KMPG Tax Shelter Case
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Auditors' Quest for Legal Documents Could Risk Privilege Exposure
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Health Care:

New Jersey's Fragile Healthcare System
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Blowing the Whistle, Many Times
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Medical Tourism
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Hawaii bankruptcies still active years later
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UK:

Northern Rock bidders to be told taxpayer's loans must be repaid
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Northern Rock says offers are below Fridays close
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Northern Rock plunges on cut-price bids
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Northern Rock board meets to consider bids, process
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Branson Wants UK to `Get On' With Northern Rock Solution
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Darling pressured over Rock fate
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No bonus for ex-Rock boss
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Pressure mounts on British government to nationalize Northern Rock
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Shareholders to fight Northern Rock 'fire sale'
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The Northern Rock auction: what a fiasco
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Northern Rock suitors surprise with bids approaching 6bn
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Pension Corp hits back after official rebuke
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Credit card limits cut by wary lenders
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Barclays moves to end debt 'hysteria'
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U.K. Home Prices Fall; Sellers Told to Ask for Less
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Real-time alerts allow rapid action to reduce growing consumer credit risk
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New Zealand:

BMW irks creditors
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EU:

No Hiding Place For European Banks
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Japan:

Moody's: Japan Consumer Loan ABS May Not Be Safe From Claims
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Sumitomo Mitsui Profit Falls on Subprime, Card Unit
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English teachers ditching Japan after firm collapses
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China:

China Curbs Bank Loans
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China Clamps Down Further On Bank Lending
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Bank of China May Take $1 Billion Subprime Charge
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Germany:

Subprime-hit German bank IKB could unveil more losses
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