January 2, 2008

Daily Bankruptcy News

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Law:

Pryor Cashman Adds Bankruptcy Partner
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Sullivan & Cromwell No. 1 in M&A Work
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'Lolita Lawyer' Sues Cravath for Unpaid Salary
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Chief justice: Give judges a raise
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Chief Justice Roberts Tries New Angle on Judicial Pay Raises
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Chief Justice urges inter-branch harmony
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Lawyers try to catch up in tech world
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Malpractice Suit Filed Against Weil, Gotshal, Two Partners
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N.J. Firms Becoming Partner-Heavy
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Do Beautiful Lawyers Have More Beautiful Careers?
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Associate Claims Allen & Overy Fired Him for Observing Sabbath
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Legal Top Ten for 2008
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2008 Predictions
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Lawyer Finds Redemption in Helping Poor
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A Decade After Overbilling, Former BigLaw Partner Receives 30-Day Suspension
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Setback for the Defense in a Hollywood Wiretapping Case
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Judge's Slip Up Exposes Prosecutor's Slip Up
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Lawyer Accused of Stealing From Ex-Judge Is Suspended
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Firm Sues Ex-Associate and New Employer
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Overview of Key 2007 DE Corporate and Commercial Decisions
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Scruggs: Deposition in Katrina Suit Would Interfere With Judicial Bribery Case
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Women Lawyers - How Smart Law Firms Can Retain Them
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Regular Client Communication Pays In Many Ways for Attorneys
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Telecoms:

Judge Rules Against Qualcomm
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Corporate Reform:

Travelers to Pay $6 Million, Ending Inquiry on Brokers' Fees
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Trial: What Did Buffett Know?
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SEC launches formal investigation into Merge Technologies
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Resorts:

Izatys resort closes, files for bankruptcy, may be sold
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Religion:

Fundraisers' $8 million to help Spokane diocese out of bankruptcy
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Catholics raise millions to settle abuse cases
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Aviation:

Why the Maxjet bankruptcy could signal the end of New York's transatlantic air dominance
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MAXJet Folds, Will Others Follow?
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Despite One Failure, Growth Is Seen in Coachless Flights
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US airline labor wants to recoup losses
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Passengers sue after being stuck on airplane
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Minister says Alitalia a victim of politics
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Alitalia Sale to Air France Prompts Complaints and Protests
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MAIR Holdings Responds to Big Sky Airlines' Decision to Cease East Coast Ops
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Horse Racing:

No Long-Term Deal, NY Racing Goes On
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Wall Street:

Wall Street Wraps Up '07 in Somber Mood
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Customers, Not Brokers, Profited in an Odd 2007
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Smart People Seeking Dumb Money
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Investors Hunt for Bargains
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A wild ride into uncertainty as recession fears loom
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Stock funds gain least in 2 years on property, subprime losses
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Crystal ball clouds as experts probe S&P 500's future
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Municipalities:

Fund Frozen, Florida Towns Feel the Pinch
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Credit Counseling:

Credit counselors finding a broad range of victims
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Federal Class Action Takes Aim At 'Credit Counseling' Industry
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M&A:

Genesco: Take That Finish Line!
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Deal or No Deal? The Courts Weigh In
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A Fine Mess for UBS
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Ratings Agencies:

How sub-prime crisis made fools of credit raters
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Finance:

Corporate bond yields fall as companies refinance
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Real Estate:

In the Land of Many Ifs
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Mortgage defaults climb to record level
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I'm so mad I want to sue someone
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Is This Just a "Sub-Prime" Mortgage Crisis?
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More Needed to Help Stabilize U.S. Housing: W. House
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Bush to Revive Push for Housing Fix
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Sunny sign in home resales
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Deal to Buy Mortgage Company Collapses
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Crumbling foundations
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Does the Chapter 13 Filing Rate Tell Us Anything About Mortgage Foreclosures?
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Lender Lobbying Blitz Abetted Mortgage Mess
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Levitt & Sons customers band together
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Is it Time to Start Looking for a Bottom in the Housing Market?
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From 'correction' to 'slump': the sorry saga of the U.S. housing market
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Countrywide Takes Beating Amid Mortgage Crunch
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How a bank fell victim to loan fraud
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South Florida home prices continue to slide
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CA real estate wave ebbs, leaving thousands of homeowners washed up and in debt
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Subprime lending's positive fallout
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Bankruptcy predicted for homebuilders
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S&P may lower TOUSA rating
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How subprime lending all started in OC
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Lennar's Insolvency: Enron Redux?
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Not a year to bet the house
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The Economics of Non-Judicial Foreclosures
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Mortgage Probes Face Hurdles
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Jesse Jackson, lawmakers call for meeting with lenders on subprime loan crisis
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Fannie, Freddie Chiefs See Tough 2008
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Economy:

An Ottoman warning for indebted America
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The squeeze on the middle class
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Californians pessimistic about state economy
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2007 Was Unpredictable, but Let's Brave 2008 Anyway
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Autos:

Darker 2008 for Detroit's Automakers
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Delphi pay plan draws fire
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Delphi loses $231 million in November
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Big Three's year painful
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Strain on auto parts industry in Mexico reflects US woes
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GM retirees to pay more for health care in '08
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Big Three automakers confront slowing U.S. market
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Corporate Governance:

H&R Block Ex-CEO Ernst To Get $2.55M Severance Payment
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Martin Lipton on the Role of Boards in 2008
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Furniture:

Scan Furniture Files For Bankruptcy. Judge To Approve Borrowing Plan
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Retailing:

Harvey Electronics Files for Bankruptcy
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Few answers uncovered in Prizant's closing
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Aqua Zoo Closes Its Doors, Files For Bankruptcy
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Movies:

Movie Gallery moves forward with reorganization plan
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Movie Gallery was a victim of naked short sellers?
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Fraud:

Museum gives fraud its sordid place in history
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Checks in mail close Alaska's top investment scam
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Health Care:

HCA offers to buy Sun Coast
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After losing lawsuit, practice may dissolve
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Denial Of Social Security Often Leads To Bankruptcy
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Derivatives:

Counterparty Risk and the Subprime Fiasco
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Celebrity:

Rap mogul alleges fraud
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Credit Cards:

Rein in credit-card debt
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Credit Cards Sock Late Payers With Default Rates Of 30% Or More
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Credit Card Charge-Off Rates
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Personal Finance:

The coming 'yard-sale economy'
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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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Requests for Help
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Business bankruptcy risks to jump in 2008
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Credit Crunch Hits Firms in Chapter 11
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Bankruptcy Statistics:

Bankruptcies, costs to file on the rise
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Vermont bankruptcies up sharply in 2007
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HI bankruptcy filings up and expected to rise more in 08
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Utilities:

AG opening probe of defunct fuel firm
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Politics:

Homeowners' Woes Draw Sympathy on Campaign Trail
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Edwards: My Plan to Stop Corporate Abuses
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Dodd Campaign Cashes In On Financial-Sector Ties
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I'll protect middle class, homes, pensions Richardson vows
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Epochal Battle Set for '08
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Banking:

Citigroup May Write Down $12 Billion, Bernstein Says
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Banking system's problems at heart of the bear case
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Global banks face turmoil despite abundant liquidity
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Off Balance Sheet Woes
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Job hunting for bankers
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Commerzbank says sacks U.S. business managers
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BAPCPA:

Chapter 7 and Middle Class Debtors
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Did the 2005 Law Make for More Chapter 13s
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Hedge Funds:

Hedge Fund Accused Of Swiping $75 Million
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Accounting:

Annual reports face harsher auditor scrutiny
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Bankruptcy exits delayed
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Consumer Debt Predictions for 2008 - Ouch!
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UK:

New year bankruptcy for 130,000
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Low-cost bankruptcy scheme to be launched
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Broke Britain: millions face struggle to stay afloat
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Debt alarm as cost of Christmas counted
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Optimists stand tall as tremors hit office market
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Will the credit crisis cast a shadow over all sectors?
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Split over constraint on Bank decisions
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RAB nudges up Northern Rock stake again
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2007 insolvency statistics: Experian research shows UK businesses are riding out the credit crunch
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Financial outlook for New Year is worst since the dotcom crash
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U.K. Manufacturing Expansion Weakened in December
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FSA offers sobering advice to the binge spenders
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Poland:

Prima Charter's fortunes take a nose dive into bankruptcy
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Australia:

Centro Puts Itself Up for Sale as Debt Deadline Looms
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Mall Owner in Australia Seeks Buyers for Company
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Australian debtors could lose homes
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Canada:

Quebecor financial fortunes dwindling
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Quebecor World races to avoid bankruptcy
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Canadians optimistic about 2008
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EU:

Treasuries Lose to Cheapest European Bonds in 4 Years
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Singapore:

Singapore's GDP Unexpectedly Shrinks
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Germany:

German government to cut 2008 growth forecast
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Spain:

Spain blow as housing sector faces crisis
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