Law:

Report: Bush To Choose New AG This Week
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Bingham beefs up restructuring with Essex Court QC
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McDermott kicks off UK restructuring focus
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Bell Boyd Expands Bankruptcy Practice
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NJ Firms Raise Associate Salaries
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End of the recruiting obsession
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'The Nine'
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Lawyer of the Day: Peter Cannon
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Are Two Venerated D.C. Law Firms Destined for a Slow Fade?
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Firms Learn to Cope With Alternative Billing Plans
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Philly Firm Splits; Drinker Biddle Benefits
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Say What?!
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Law firms are goofy for the Gulf
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Wachtell and What It's Taking to Rebuild Ground Zero
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Firms rail against diversity monitoring
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Uncertain times call for certain measures
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Lawyers Receive Jobs Pledge as Banks Remain Defiant in Face of Credit Crunch
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More Trouble for Ave Maria School of Law
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Client's YouTube Lawyer Video Banned
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Time Magazine Ordered to Pay Dictator $106 Million for Defamation
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Click Thumbs-Down on Lackluster Recruiting Sites
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Fall Movie Preview: Michael Clayton
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'TB Lawyer' Fights to Regain Practice
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Impartial Court System Beset By Pressures
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Fred Thompson Fun Times
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Wall Street:

US Stocks Drop on Mortgage Concern; WaMu, Countrywide Retreat
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British Billionaire Takes Bear Stearns Stake
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Securities firms face huge write-offs
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Wall Street declines as banks slump
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Wall Street credit costs soar
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Who's Killin' the Economy? Wall Street Slackers!
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Credit wildfire will aid evolution of markets
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Accounting:

Rising audit fees embolden critics of Big Four accountancy firms
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Catalyst sues IMAX over accounting
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Guilty Plea Seen Aiding Tax Shelter Prosecution
(NYT: separate free registration required)

PwC partners make £757,000 each
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Religion:

Church's path to penance is chided
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Diocese case turns to fees
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Spokane diocese bankruptcy lawyers seek closed proceedings on fees
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Retailing:

A Few Easy Payments
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CFOs at retailers see credit woes spilling into consumer spending
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Sharper Image 2Q losses widen
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Health Care:

Biovail drops claims against BofA in lawsuit
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Biovail Plans to Pursue Lawsuit Against Hedge Funds
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Forest Products:

Company town may lose company
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Weyerhaeuser sees plant closures
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Mass Torts:

Asarco must settle asbestos-related claims
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Cash Management:

Sentinel's bankruptcy filing pays for lawyers
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Ex-Sentinel client sues Bank of New York Mellon
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Pensions:

Retirement Funds Vanish as Bankruptcies Hit Tax-Deferred Scheme
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The Final Frontier:

NASA Cuts Funds for Private Space Venture, Bankruptcy Possible
(WSJ: separate paid subscription required)

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Economy:

Fed Officials See Economy Weakening After Job Losses
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Fed Officials See Threat in Housing Turmoil
(NYT: separate free registration required)

Market turmoil 'will hit economy'
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Economic risks have increased, Yellen says
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Recession replaces inflation and terrorism as top biz economist worry
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Collateral Damage as the Buyout Boom Ends
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Growth outlook worst in 5 years
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Tales of the crash of 2007
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Global growth threatened by U.S. economic ills
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Real Estate:

Investor Group Cuts Countrywide Stake
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Countrywide Cuts Foretell Loss of US Mortgage Jobs
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Housing industry may lose 100,000 jobs as slump continues
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The Rise And Fall Of Subprime Paper
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New York, California Metro Home Prices May Decline
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WaMu Chief Warns of 'Perfect Storm'
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Tarragon deal with GECC helps eliminate near-term bankruptcy
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Aegis -- or egregious?
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Magnus, Long Mortgage to split
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Long Cos. strikes deal to take over Long Mortgage, continue loans
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Housing Market Slump Forces Couple To Open Brothel
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Bankruptcy Lawyers Get Hired As Others 'Fired'
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Thornburg May Buy Up to $4 Billion of Discounted Mortgage Bonds
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Thornburg Mortgage upped at UBS, bankruptcy a low risk
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A small company rises, falls with American Home Mortgage
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From big bucks to bankruptcy
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Falling Originations Contribute to Massive Mortgage Layoffs
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Bill would let Fannie, Freddie buy more loans
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Government's mortgage aid questioned
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Agencies agree to rules on subprime mortgages
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Fraud from housing boom becoming apparent
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The Downside of Homeownership
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Fleetwood Enterprises may benefit from mortgage mess
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Credit Cards:

US July Consumer Credit Increased $7.5 Billion
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Some of the credit card laws can be harmful
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48% of Americans suffer from "mystery spending"
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Tax:

Guilty Plea in Tax Shelter Case
(NYT: separate free registration required)

California Collects Backdating Taxes
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IRS Bows to Firms' Plea for Delay in Pay Rule Compliance
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Senate investigators have sent letters to at least 30 companies seeking details of past tax-cutting transactions.
(WSJ: separate paid subscription required)

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Hedge Funds:

Hedge funds lose 1.31% in August; worst since May 2006
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Hedge-fund Manager Bonuses Hit By Credit Crunch
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Tudor, Caxton, Moore Posted Losses in August Turmoil
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Cayman hedge funds appeal denial of US bankruptcy protection
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Bankruptcy Crimes:

Man sentenced to a year for bankruptcy fraud
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Utilities:

Calpine agrees with some bondholders on claims
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Golf:

Another hitch for Running Horse
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Predatory Lending:

Past lending practices getting more scrutiny
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Private Equity:

What private equity layoffs mean to the economy
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Environmental:

Dana says government shares blame for toxic N.J. site
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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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Bankruptcy Claim Auctions Sell your Chapter 11 claim to the highest bidder www.T-REXauctions.com Are You Getting the Best Price?

Bankruptcy Statistics:

Blame Financial Innovation, Not Income Shocks, for Rise in Bankruptcies
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Food/Drink:

Krispy Kreme shares slide on liquidity concerns
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Outlook grim for Empire Beef Co.
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Receivership will be sought for Ameristop
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IBC Responds to Teamsters Press Release
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Autos:

Delphi seeks approval for bonuses
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Retiree health tab could fall on UAW
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GM CEO: Stock Price May Not Reflect Health-Care Hopes
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GM sent the UAW two proposals, one offering to establish a union-run health-care trust funded by GM cash, debt and possibly stock.
(WSJ: separate paid subscription required)

Big Three, UAW deal unlikely by deadline
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Auto Workers Flee to Health-Care Jobs
(WSJ: separate paid subscription required)

Auto Makers Pile On Buyer Incentives
(WSJ: separate paid subscription required)

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Rating Agencies:

SEC begins review of credit agencies
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Banking:

For Bankers, More Credit Pain
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Deutsche Bank `Confident' of Reaching 2008 Targets
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About $120 billion of commercial paper outside the U.S. is coming due, and banks are trying to lure investors back in a tight credit market.
(WSJ: separate paid subscription required)

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Credit Cards:

Credit card issuers try to stay clear of turmoil
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Movie Industry:

Another delay, default for Movie Gallery
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Bankruptcy Reform:

Bill seeks to rescue 600K homeowners
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Dollars from deadbeats
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Steel:

Steel workers surprised by company's announced plans to curtail operations indefinitely
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Municipalities:

Cockrell Hill faces bankruptcy
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UK:

Britain's Coming Credit Crisis
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Debt enquiries top tables at Citizens Advice Bureau
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First-time buyers caught in non-conforming crossfire
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Credit crunch 'hits small firms'
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Mishcon lives by the fraud
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Subprime Lender Victoria Goes Into Administration
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Private equity firms are worse than mafia, says union chief
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Bankruptcy is losing its sting
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Canada:

Logging contractor files for bankruptcy
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China:

China shares plunge 4.5 pct on tight money fears
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Lebanon:

America's subprime mess washes ashore in Lebanon
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Russia:

Russia Emerging as Haven From Subprime Nine Years After Default
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