October 1, 2007

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Supreme Court Heads Into New Term
(DBN Subscription Required)

Business Cases Back Before Friendly Court
(DBN Subscription Required)

Lessons from The Global 100
(DBN Subscription Required)

Law firm international strategy is so much easier to understand once you think of it as adolescent dating - except with better grammar
(DBN Subscription Required)

Fight the Ripple Effects From the Associate Salaries Spike
(DBN Subscription Required)

Bonus Watch: Texas
(DBN Subscription Required)

Law Firm Leverage, the Lost Opportunity
(DBN Subscription Required)

Credit crunch casts NY shadow
(DBN Subscription Required)

US District Judge Reprimanded After Harassment Complaint
(DBN Subscription Required)

Judge: Qualcomm Firms Can Disclose Work Product
(DBN Subscription Required)

Touched by an Angel - A relentless focus on globalization and tight management has made Linklaters one of the world's biggest and richest firms
(DBN Subscription Required)

Sunday's Catholic Mass Had a Distinctly Legal Flavor
(DBN Subscription Required)

What's Better Than Billables?
(DBN Subscription Required)

So a Lawyer Walks Into a Comedy Club
(DBN Subscription Required)

Morgan Lewis' Business/Finance Head Joins Orrick
(DBN Subscription Required)

Missouri Firms Explore Possible Merger
(DBN Subscription Required)

Firm Videos Lacking Sense End Cent-less
(DBN Subscription Required)

At The Supreme Court It's Kennedy's World
(DBN Subscription Required)

Survey Says Skadden Arps Is the 800-Pound Gorilla of Corporate Firms
(DBN Subscription Required)

Firm Figures the Fewer Real Partners the Better
(DBN Subscription Required)

UK firm axes Kramer Levin transatlantic alliance
(DBN Subscription Required)

Tier Four Law Students: They Can Be P---y B----es, Too
(DBN Subscription Required)

Non-Top-Tier Law School Graduate of the Day: Eric Krautheimer
(DBN Subscription Required)

Firms Withdraw from Fabian Case
(DBN Subscription Required)

New business pitches are more about standing out and making yourself look better than the rest
(DBN Subscription Required)

Lawyer Disbarred for Treating Clients Like "Commodities"
(DBN Subscription Required)

Firm sends lawyers back to school to learn to write more clearly
(DBN Subscription Required)

An unusual financial niche: lending money to lawyers
(DBN Subscription Required)

See the Lawyer, Be the Lawyer
(DBN Subscription Required)

Ice cream on spoon, malpractice on the brain
(DBN Subscription Required)

Survey Says: Career Satisfaction a Struggle
(DBN Subscription Required)

The Dollars and Sense of Recruiting the YouTube Generation
(DBN Subscription Required)

Could a GC Job Be a Ticket to the Top?
(DBN Subscription Required)

Practicing Lawyer Also Sells Luxe Goods
(DBN Subscription Required)

Litigation costs rising as firms face fewer suits
(DBN Subscription Required)

Rogues gallery of class action attorneys
(DBN Subscription Required)

How important are judges?
(DBN Subscription Required)

Influential friends: Attorneys General can steer millions toward litigators
(DBN Subscription Required)

Judicial hellholes | Lawsuit magnets
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Banking:

NetBank Files for Bankruptcy After Regulators Take Over Unit
(DBN Subscription Required)

FDIC Says "Nyet" To NetBank
(DBN Subscription Required)

Feds shut down NetBank after big subprime defaults
(DBN Subscription Required)

US regulators close NetBank but ING steps in
(DBN Subscription Required)

Citigroup expects third-quarter net income to slump about 60% due to "dislocations in the mortgage-backed securities and credit markets, and deterioration in the consumer-credit environment
(WSJ: separate paid subscription required)

ATM fees reaching new highs
(DBN Subscription Required)

UBS expected to report large loss from fixed-income unit
(DBN Subscription Required)

UBS to Write Off $3.4 Billion
(NYT: separate free registration required)

Does UBS's Q3 loss mean trouble for U.S. banks?
(DBN Subscription Required)

______________

Economy:

Central banks less able to move long term rates
(DBN Subscription Required)

In an about-face, central banks may start cutting rates
(DBN Subscription Required)

To spend without end
(DBN Subscription Required)

Recession isn't an 'if' but a 'when'
(DBN Subscription Required)

The Muted Roars of Hogs and RVs
(NYT: separate free registration required)

GAO bearish on U.S. fiscal health
(DBN Subscription Required)

Profit Growth in U.S. May Hit 5-Year Low on Housing
(DBN Subscription Required)

Unemployment May Rise, Factories Slow
(DBN Subscription Required)

Reality of household expenses hasn't been reflected in inflation numbers
(DBN Subscription Required)

______________

Wall Street:

Wall Street awaits key economic reports
(DBN Subscription Required)

Credit Crisis Could Dash Hopes for a Fall Rally
(NYT: separate free registration required)

______________

Telecoms:

Hard Times at Alcatel-Lucent
(DBN Subscription Required)

______________

Gambling:

Trump Casinos: the Art of the Comeback?
(DBN Subscription Required)

______________

Fitness:

Bally posts $7.5 mil. gain for 2nd quarter
(DBN Subscription Required)

______________

Mining:

Asarco asks judge to accept settlement
(DBN Subscription Required)

______________

Judges:

Idaho's first bankruptcy judge laid to rest
(DBN Subscription Required)

______________

Predatory Lending:

Ohio payday lenders may face stiff rules
(DBN Subscription Required)

Military town limits payday lenders
(DBN Subscription Required)

Number of payday lenders indicator of fiscal mindset
(DBN Subscription Required)

______________

Credit Cards:

How much should credit card companies have to disclose?
(DBN Subscription Required)

Sleazy credit card tactics under fire
(DBN Subscription Required)

______________

 

Autos:

UAW: Deal will save jobs
(DBN Subscription Required)

GM, UAW Find a Cure at Last for Union `Cancer
(DBN Subscription Required)

GM Strike Marks End of an Era
(DBN Subscription Required)

GM retirees worry about health care costs
(DBN Subscription Required)

Gettelfinger and his VEBA are the toast of Wall Street
(DBN Subscription Required)

UAW could hold top GM stake
(DBN Subscription Required)

UAW leaders, retirees praise GM deal
(DBN Subscription Required)

US unions find the highway to a new era
(DBN Subscription Required)

The UAW's Awakening
(WSJ: separate paid subscription required)

GM trades jobs for concessions in UAW contract
(DBN Subscription Required)

Contracts with Ford, Chrysler are next
(DBN Subscription Required)

Ford will seek deeper cuts than General Motors when UAW comes to town
(DBN Subscription Required)

The GM-UAW contract: Pace car for the US?
(DBN Subscription Required)

Honda wages won't match Big 3 pay
(DBN Subscription Required)

Auto sales are expected to slide
(DBN Subscription Required)

______________

Mass Torts:

Defendants See a Case of Diagnosing for Dollars
(NYT: separate free registration required)

Bankruptcy Judge Appoints Mediator to Address Asbestos Claims in the Asarco Bankruptcy Proceeding
(DBN Subscription Required)

How they do it: Favorite tactics of liability lawyers that tip the scales for their fame and fortune
(DBN Subscription Required)

______________

Personal Finance:

Consumer group blasts binding arbitration clauses
(DBN Subscription Required)

Mandatory Arbitration Stacks Deck Against Consumers
(DBN Subscription Required)

The 'good hands' people make a fist
(DBN Subscription Required)

Poor families grasp for calm amid the chaos
(DBN Subscription Required)

The hidden price of war - The economic casualties
(DBN Subscription Required)

______________

Real Estate:

Can These Mortgages Be Saved?
(NYT: separate free registration required)

It takes discipline, planning to save a house
(DBN Subscription Required)

American Home says it can seize deferred comp savings
(DBN Subscription Required)

Remaining New Century Founders Leave Board
(DBN Subscription Required)

Six Fingers of Blame in the Mortgage Mess
(NYT: separate free registration required)

FL Expects Surge of Mortgage Fraud Cases
(DBN Subscription Required)

Moratorium on Katrina foreclosures to end Thursday
(DBN Subscription Required)

Mortgage bailouts run into opposition
(DBN Subscription Required)

The Foreclosure Pickings Are Plentiful but Not Easy
(NYT: separate free registration required)

Foreclosure fallout spreads
(DBN Subscription Required)

Hidden drop in house prices
(DBN Subscription Required)

CM Development's bankruptcy leaves many In a bind
(DBN Subscription Required)

Judge orders Lajitas Resort to be auctioned
(DBN Subscription Required)

Auction for Lajitas Resort includes its jet strip and beer-chugging goat
(DBN Subscription Required)

ARMs escalation brings borrowers DOWN
(DBN Subscription Required)

For Housing, the Summer of the Unsold
(NYT: separate free registration required)

For sale: Building that would've been Adelphia's headquarters
(DBN Subscription Required)

Unsettled Housing Market Still a Major Wild Card
(DBN Subscription Required)

Foreclosure 'rescuer' is your best pal - and then he cons you out of home
(DBN Subscription Required)

______________

Health Care:

Monrovia Community Hospital Acquired in Bankruptcy Sale
(DBN Subscription Required)

Judge prepared to pull plug on BMC
(DBN Subscription Required)

Judge blasts BMC takeover bid, threatens to close hosp
(DBN Subscription Required)

Rising Cost of Health Care is Causing Finance Fears
(DBN Subscription Required)

Hospital's Getting Better
(DBN Subscription Required)

Officials say ER closure possible if voters don't approve sale
(DBN Subscription Required)

Kessler not only hospital in the red
(DBN Subscription Required)

______________

Insurance:

AFC Beats Insurer in D&O Case
(DBN Subscription Required)

______________

Aviation:

Consultant reaches deal with Hawaiian
(DBN Subscription Required)

Mesa came to isles via Hawaiian's data
(DBN Subscription Required)

Columbia Owners To Band Together For Bankruptcy Representation
(DBN Subscription Required)

The elephants learn to dance
(DBN Subscription Required)

______________

Finance:

Oaktree, BlackRock Plan Funds to Purchase LBO Loans At A Discount
(DBN Subscription Required)

Bondholders firmly in deal driver's seat
(DBN Subscription Required)

______________

Tax:

Bankrupt companies get help for MI tax credits
(DBN Subscription Required)

______________

Municipalities:

Cash woes lace Lansing's lingo
(DBN Subscription Required)

______________

Debt Collection:

Dealing With Deadbeats
(WSJ: separate paid subscription required)

______________

Bankruptcy Schedules:

Pay attention to the bankruptcy papers
(DBN Subscription Required)

______________

Retailing:

Slapping the hand that sells for you
(DBN Subscription Required)

______________

Horse Racing:

Ex-Monitor of Horse Racing Interviewed in Bruno Inquiry
(NYT: separate free registration required)

______________

Software:

SCO chief confident
(DBN Subscription Required)

SCO Staves Off NASDAQ Delisting
(DBN Subscription Required)

______________

Financial Literacy:

Lessons on finance go a long way
(DBN Subscription Required)

______________

 

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
(DBN Subscription Required)

______________

Bankruptcy Claim Auctions
Trade Receivable Exchange
Sell your Chapter 11 claim to the highest bidder
Are You Getting the Best Price?

LoPucki v. Baird Redux: Bankruptcy Titans Blog "Head to Head" Over Chapter 11's Utility or Futility
(DBN Subscription Required)

It's party time for Wilbur Ross
(DBN Subscription Required)

Student Debt:

High-priced student loans spell trouble
(DBN Subscription Required)

Questions student borrowers might pose
(DBN Subscription Required)

______________

Religion:

Iowa Diocese Seeks Extension from Bankruptcy Court
(DBN Subscription Required)

______________

History:

Civil War-Era Letters to Be Auctioned
(DBN Subscription Required)

______________

Food/Drink:

Interstate Bakeries reaches agreement with 1 of 2 unions
(DBN Subscription Required)

Creditors urge Interstate Bakeries to exit Chapter 11
(DBN Subscription Required)

______________

Enron:

Enron Creditors Recovery Corp. Distributes More Than $1.7 Billion to Creditors
(DBN Subscription Required)

High court to rule on third-party liability
(DBN Subscription Required)

______________

Corporate Reform:

$100,000? Too High. $120 Million? Fine.
(NYT: separate free registration required)

Higher benchmark for class actions
(DBN Subscription Required)

Corporate Counsel, Internal Investigation and the Government Investigation: A Brief Primer in Making Your Way Through a Potential Minefield
(DBN Subscription Required)

______________

Celebrity:

McLean's legacy sad, bitter one
(DBN Subscription Required)

Bob McLean earned $20000 borrowed $50 million
(DBN Subscription Required)

McLean saga ensnares fabled instruments
(DBN Subscription Required)

______________

Hedge Funds:

Hedge fund access to capital dries up, exposing new risk
(DBN Subscription Required)

Lake Shore awash in questions, mystery
(DBN Subscription Required)

Hedge fund assets soar to almost $2,500bn
(DBN Subscription Required)

Basis Capital proposes splitting fund
(DBN Subscription Required)

A Senate panel is reviewing the practice of offshore hedge funds avoiding dividend withholding taxes
(WSJ: separate paid subscription required)

______________

Rating Agencies:

Congress' impasse saves rating agencies - for now
(DBN Subscription Required)

______________

Credit Counseling:

Even after crackdown on credit counselors, consumers must be wary
(DBN Subscription Required)

______________

Accounting:

Let companies pick and choose which accounting standards they follow? No way, says the chief U.S. accounting regulator
(DBN Subscription Required)

______________

Bankruptcy Reform:

Impact of the Bankruptcy Abuse Prevention and Consumer Protection Act on Franchisee Reorganizations Under Chapter 11
(DBN Subscription Required)

______________

Internet:

Deutsche Bank loses bid against JP Morgan to recover $47.6 million from Genuity bankruptcy
(DBN Subscription Required)

______________

Furniture:

The Bombay Company, Inc. Secures DIP Financing
(DBN Subscription Required)

______________

UK:

Darling Unveils Plan to Guarantee UK Bank Accounts
(DBN Subscription Required)

Northern Rock accused of bullying debtors
(DBN Subscription Required)

PwC slammed for Northern Rock non-audit work
(DBN Subscription Required)

Butter fingers of regulation heightens cost of Rock affair
(DBN Subscription Required)

Hedge funds bet on fall in house prices
(DBN Subscription Required)

Chief executives' pay up 16% in 2007
(DBN Subscription Required)

London banks' profits to suffer from credit crunch effect
(DBN Subscription Required)

Credit crunch could cost London $800m
(DBN Subscription Required)

Tremble for your old age
(DBN Subscription Required)

More higher earners 'getting into trouble'
(DBN Subscription Required)

Debt culture 'driving downturn'
(DBN Subscription Required)

Number of bankrupt pensioners doubles as debt crisis deepens
(DBN Subscription Required)

Why Ninja mortgages could wreak havoc
(DBN Subscription Required)

Banks hooked on a numbers game that didn't add up
(DBN Subscription Required)

Debtmatters' shares in dramatic 70pc plunge
(DBN Subscription Required)

______________

Canada:

Omnitech Consultant Group files for bankruptcy, PwC appointed trustee
(DBN Subscription Required)

______________

Australia:

Unpaid debts on the rise
(DBN Subscription Required)

______________

Japan:

Country's largest English conversation school is on the brink of collapse
(DBN Subscription Required)

______________

Poland:

Gdansk shipyard may be victim of Solidarity
(DBN Subscription Required)

______________

Russia:

Yukos is finally being put out of its misery. Guess who profits?
(DBN Subscription Required)

______________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

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