April 6, 2009

The 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:

General Counsel Pressuring Firms Amid Recession
(DBN Subscription Required)

Smaller Law Firms Gain Upper Hand as U.S. Companies Seek Savings in Slump
(DBN Subscription Required)

Law Firms Moving from Period of Growth to Era of Efficiency, Expert Says
(DBN Subscription Required)

Law firms position themselves to weather economic downturn
(DBN Subscription Required)

Legal Industry Lost 22,300 Jobs in Last Year
(DBN Subscription Required)

Akin Gump Offers More Cash to High-Billing Associates, Counsel
(DBN Subscription Required)

Voodoo Economics: Zombie Firm Owes BigLaw Firm $1.4 Million
(DBN Subscription Required)

Detroit lawyers see role if automakers file for bankruptcy
(DBN Subscription Required)

Uncertainty might keep bankruptcy professionals busy
(DBN Subscription Required)

Down economy brings uptick in business: Bankruptcy lawyers, pawn shops thrive
(DBN Subscription Required)

Firm Offers to Cut Associates Salaries (and Paychecks, Naturally) to Avoid Attorney Layoffs . . .
(DBN Subscription Required)

. . . And That Same BigLaw Firm Then Lays Off 93 Staffers
(DBN Subscription Required)

Last Week in Layoffs
(DBN Subscription Required)

Incoming Associates are Worried About Winstead
(DBN Subscription Required)

Law Firms Continue to Hemorrhage Jobs Nationwide
(DBN Subscription Required)

Tough Times for Law Firms, Lawyers May Be Catalyst for Positive Change
(DBN Subscription Required)

Alston & Bird Lays Off 14 Associates, 38 Staff
(DBN Subscription Required)

Don't Call It A Layoff: Alston & Bird Cancels Full Time Work for 14 Attorneys
(DBN Subscription Required)

A pay freeze wasn't part of Linklaters' plan but the market has now shifted
(DBN Subscription Required)

Shearman & Sterling Pushes Back Start Dates: Class of '09 v. '10 Can Now Begin Fighting In Earnest
(DBN Subscription Required)

Law Firms Consider Shrinking Partner Offices
(DBN Subscription Required)

Think Global, Axe Local: Area Firm Lays Off 26
(DBN Subscription Required)

As Unpaid Bills Add Up, Some Lawyers Work for Free
(DBN Subscription Required)

BigLaw Layoffs Ripple Out to Reggae Land
(DBN Subscription Required)

In-Housers, Law Firms Spar Over Flex-Time, Part-Time Policies
(DBN Subscription Required)

After Layoffs, Those Sent Packing Find Their Days Aren't Exactly Packed
(DBN Subscription Required)

Failing Startups Leave Silicon Valley Lawyers Holding the Bag
(DBN Subscription Required)

Diet-Drug Lawyers Guilty of Stealing Settlement Money
(DBN Subscription Required)

Dreier’s High-Adrenalin Life on the Edge
(DBN Subscription Required)

Hand Grenade Hoax Sends Hundreds Scurrying From Courthouse
(DBN Subscription Required)

Don't Fall Asleep at the Switch
(DBN Subscription Required)

We’re not Criminals, Just Busy, Sloppy Lawyers
(DBN Subscription Required)

PwC Releases 2008 Securities Litigation Study
(DBN Subscription Required)

Iowa Court Says Gay Marriage Ban Unconstitutional
(DBN Subscription Required)

Ending Up Railroaded
(DBN Subscription Required)

______________

Judges:

Does President Obama need to nominate 339 (or so) bankruptcy judges?
(DBN Subscription Required)

Texas Judge on the Job Three Months Faces Federal Charges
(DBN Subscription Required)

Worried About Cash Crunch? Lower Expectations, Justice Thomas Says
(DBN Subscription Required)

‘Spanking’ Judge Given a Public Warning
(DBN Subscription Required)

______________

Wall Street:

US Stock Futures Advance
(DBN Subscription Required)

World Markets Advance as Global Rally Continues
(DBN Subscription Required)

Stocks Rise in Longest Streak Since 2007
(DBN Subscription Required)

Not even the X-Men could have saved Wall Street
(DBN Subscription Required)

To Sustain Rally, Market Looks to Earnings
(DBN Subscription Required)

Time to Brace for Trouble As Profits Debacle Starts
(WSJ: separate paid subscription required)

Firms Protest Move to Bolster SIPC
(WSJ: separate paid subscription required)

Obama, Stock Picker-in-Chief, Is Looking Smart
(DBN Subscription Required)

______________

Accounting:

Mark-to-Market Rule Gives More Clarity, Not Less
(DBN Subscription Required)

Analysts see little impact on US banks from mark-to-market rule
(DBN Subscription Required)

EU ministers seek accounting rule change
(DBN Subscription Required)

Beware Bean Counters' Changes
(DBN Subscription Required)

Industry leaders blast FASB mark-to-market rule change
(DBN Subscription Required)

SEC Sues Arizona Accountant Over $67 Million Fraud
(DBN Subscription Required)

______________

Bonuses:

Working harder for less? Not if they have a choice
(DBN Subscription Required)

Fannie, Freddie overseer defends big bonuses
(DBN Subscription Required)

Fannie and Freddie: Pay for Perseverance
(DBN Subscription Required)

Sen Grassley: Fannie, Freddie Bonuses Wrong, Unneeded
(DBN Subscription Required
)

Congress backs off AIG crackdown
(DBN Subscription Required)

______________

Executive Compensation:

Administration Seeks an Out on Bailout Rules for Firms
(DBN Subscription Required)

TARP Curbs GMAC Executives' Pay
(WSJ: separate paid subscription required)

Executive Pay Stays Under Pressure in '09
(DBN Subscription Required)

Who Moved My Bonus? Executive Pay Makes a U-Turn
(DBN Subscription Required)

______________

Theme Parks:

Disney Says 1,900 Jobs Eliminated at US Theme Parks
(DBN Subscription Required)

______________

Gambling:

MGM Mirage Hires Morgan Stanley Over Sale of Casinos
(DBN Subscription Required)

A Reprieve for Project in Vegas?
(DBN Subscription Required)

Australia's Crown: no Vegas project investment talks
(DBN Subscription Required)

Like Las Vegas, Atlantic City feeling a pinch
(DBN Subscription Required)

______________

Aviation:

American, US Airways Struggle for Credit as Rates Rise in Slump
(DBN Subscription Required)

BA expects loss as premium traffic dries up
(DBN Subscription Required)

Shrinking Airlines Park More Planes in the Desert
(DBN Subscription Required)

As AirTran lost money, CEO got $1.5 million
(DBN Subscription Required)

Study: Airlines bettered performance in 2008
(DBN Subscription Required)

______________

Celebs:

Judge rejects Vick bankruptcy plan, orders new one
(DBN Subscription Required)

Taking a look behind the figures of Vick’s rejected bankruptcy plan
(DBN Subscription Required)

Vick will end sentence in posh surroundings
(DBN Subscription Required)

Even bankruptcy court isn't kind to Vick
(DBN Subscription Required)

Michael Jackson Auction To Go Ahead, US Judge Rules
(DBN Subscription Required)

______________

Horse Racing:

Hearing postponed in Magna bankruptcy
(DBN Subscription Required)

Magna Agrees to Hire Restructuring Officer for Bankruptcy Sale
(DBN Subscription Required)

Bidder considers tearing down Pimlico
(DBN Subscription Required)

______________

Health Care:

Chemokine Therapeutics files for chapter 15 bankruptcy
(DBN Subscription Required)

Johnson Memorial Hospital official to meet with public in three towns
(DBN Subscription Required)

Valley Health services profitability proves slippery
(DBN Subscription Required)

Cuts Expected for Medicare Subsidies
(DBN Subscription Required)

Pacific Laser Eye Centers management group files Chapter 7
(DBN Subscription Required)

______________

Sports:

Texas Rangers Owner Hicks Sports Group Misses Interest Payments
(DBN Subscription Required)

Little league falls victim to bankrupt company
(DBN Subscription Required)

______________

M&A:

Judge to Deal Makers: Start Some Trouble. I Dare You…Please
(DBN Subscription Required)

Bankers: Too Busy to Work on Mergers?
(DBN Subscription Required)

Next on the Merger Law Docket: The Human Condition
(DBN Subscription Required)

Hexion v. Huntsman, Part Deux
(DBN Subscription Required)

______________

Private Equity:

Buyout Bankruptcies
(DBN Subscription Required)

______________

Tech:

Spansion bankruptcy ripples across more local balance sheets
(DBN Subscription Required)

______________

Resorts:

Greenbrier gambling bill closer to passage
(DBN Subscription Required)

______________

Lehman:

Lehman Brothers’ Dick Fuld Has a New Gig
(DBN Subscription Required)

______________

Bankruptcy Crimes:

Former socialite pleads guilty
(DBN Subscription Required)

______________

Labor:

How Companies Are Curbing Labor Costs
(DBN Subscription Required)

Job Anxiety Sweeps the Office
(DBN Subscription Required)

Work-life benefits fall victim to slow economy
(DBN Subscription Required)

______________

Municipalities:

City Tries to Hang On Amid Auto Collapse
(DBN Subscription Required)

Bloomberg aide says NYC could face GM-scenario
(DBN Subscription Required)

Vallejo: Mediation likely to fail
(DBN Subscription Required)

L.A. could lay off 400, union says
(DBN Subscription Required)

NY Lawmakers Approve Record $131.8 Billion Budget
(DBN Subscription Required)

Rejecting Aid, One Governor Irks His Own
(DBN Subscription Required)

Michigan Governor Welcomes Aid
(DBN Subscription Required)

Aid Weighs on Illinois Mayoral Race
(DBN Subscription Required)

______________

Finance:

Libor Caps Third Weekly Drop on Signs of Credit Thaw
(DBN Subscription Required)

When an angel could turn out to be a devil in disguise
(DBN Subscription Required)

Credit Woes Hit Entrepreneurs
(DBN Subscription Required)

1Q LBOs: Buyers And Sellers But No Lenders
(DBN Subscription Required)

______________

Photography:

Private Equity Group Buys Polaroid for $59 Million
(DBN Subscription Required)

Creditors Object to Polaroid Auction Results
(DBN Subscription Required)

Eastman Kodak Gets Credit Line of Up to $500M
(DBN Subscription Required)

______________

Derivatives:

AIG's CDS Hoard: The Great Unraveling - Isn't rocket science, but it is messy and expensive
(DBN Subscription Required)

______________

Distressed Investing:

Apollo Taps Calpers for Biggest Distressed Leveraged Buyout Investments
(DBN Subscription Required)

______________

 

Economy:

Fed officials vow to use all tools to help economy
(DBN Subscription Required)

Bernanke: Fed programs are working
(DBN Subscription Required)

Fed Chief ‘Uncomfortable’ With Bailouts
(DBN Subscription Required)

The Fed’s asset-liability mismatch
(DBN Subscription Required)

Geithner Says He May Oust Executives
(DBN Subscription Required)

Rattner Rises as Obama's Mr. Fix-It
(DBN Subscription Required)

The Coming Obama Jobs Disaster
(DBN Subscription Required)

US Helps Bailout Recipients Avoid Conditions
(DBN Subscription Required)

1 in every 10 Americans receive food stamps
(DBN Subscription Required)

663,000 Jobs Lost in March; Total Tops 5 Million, 13 Million Jobless
(DBN Subscription Required)

US May Keep Losing Jobs After Unemployment Hit 25-Year High
(DBN Subscription Required)

Service Industries Contracted in March
(DBN Subscription Required)

Consumers beginning to make purchases they had postponed
(DBN Subscription Required)

G20 to bail out bank bondholders
(DBN Subscription Required)

Bernanke Says Fed Must Retain Flexibility on Credit
(DBN Subscription Required)

Summers Earned Millions in D.E. Shaw Salary, Bank Speech Fees
(DBN Subscription Required)

Schumer Chastises Wall Street Friends Amid Ire Over Bailouts
(DBN Subscription Required)

Estimate of TARP's Cost Increases
(DBN Subscription Required)

Buffett, champion of bailout, is also a leading beneficiary
(DBN Subscription Required)

America May Become as Grim as Thatcher’s Britain
(DBN Subscription Required)

Who Gets Hit When the Wealthy Cut Back
(DBN Subscription Required)

'Grandfamilies' Come Under Pressure
(DBN Subscription Required)

A Rich Education for Summers (After Harvard)
(DBN Subscription Required)

Opinion: From Bubble to Depression?
(DBN Subscription Required)

______________

Real Estate:

Prime loan default rates double
(DBN Subscription Required)

Q4 Loan Delinquencies Increase In Nearly Every Category
(DBN Subscription Required)

Mortgage delinquencies continue to rise
(DBN Subscription Required)

Foreclosures Spike in Seattle, Miami. L.A. is a ‘Disaster’
(DBN Subscription Required)

Aid to Borrowers Not Preventing Rising Delinquency
(DBN Subscription Required)

Discovering Second Liens
(DBN Subscription Required)

Study Buoys Mortgage Modification
(DBN Subscription Required)

Foreclosures dragged down home prices in 2008
(DBN Subscription Required)

Office Vacancy Rate in US Climbs to Four-Year High
(DBN Subscription Required)

Developer defies recession with LA high-rise plan
(DBN Subscription Required)

US Treasury Throws a $46 Billion Lifeline to Fannie Mae
(DBN Subscription Required)

Kissing or Kicking the Fanny of Fannie and Freddie?
(DBN Subscription Required)

Big Bonuses at Fannie and Freddie Draw Fire
(DBN Subscription Required)

Fannie, Freddie Quietly Lift Moratorium on Foreclosures
(DBN Subscription Required)

Judge appeals to utilities as bankruptcy looms for Statler
(DBN Subscription Required)

Thornburg CEO issues statement on bankruptcy
(DBN Subscription Required)

A faulty tower
(DBN Subscription Required)

Halabi May Default on $2 Billion in Moody’s Analysis
(DBN Subscription Required)

Developer claims bank acted like mobster
(DBN Subscription Required)

Unfinished homes dot Grand Strand
(DBN Subscription Required)

Buyers wary as builders struggle
(DBN Subscription Required)

Lenders walking away from some homes
(DBN Subscription Required)

Houston home prices fall for first time in 14 years
(DBN Subscription Required)

1.5 million Americans may lose homes
(DBN Subscription Required)

______________

Newspapers:

Times Co. Said to Consider Closing Boston Globe
(DBN Subscription Required)

Union official: Top execs at NYT 'have ruined' paper
(DBN Subscription Required)

Focus shifts to potential Globe buyers
(DBN Subscription Required)
k

Cash Starved NYT Compared to Darfur
(DBN Subscription Required)

Boston Globe's owner reportedly gives unions an ultimatum
(DBN Subscription Required)

Threat to Shut Down 'Globe': Just a Negotiating Tactic?
(DBN Subscription Required)

Globe forced to cut $20M ... or else
(DBN Subscription Required)

The New York Times Gets Defensive
(DBN Subscription Required)

Is 'Florida Times-Union' Parent Headed For Bankruptcy Next Week?
(DBN Subscription Required)

Bankrupt Philly papers seek delay in hearing
(DBN Subscription Required)

Ex-Philly Anchor Seeks To Sue Columnist, Paper
(DBN Subscription Required)

Reports: MediaNews Delays Debt Payment
(DBN Subscription Required)

Star Tribune reporters launch effort to save paper
(DBN Subscription Required)

______________

Mass Torts:

Bankruptcy trial reveals more details of asbestos contamination
(DBN Subscription Required)

______________

Autos:

Obama’s Top Auto Industry Troubleshooter
(DBN Subscription Required)

March New Car Sales Plunge 30 Percent
(DBN Subscription Required)

New G.M. Chief Doesn’t Rule Out Bankruptcy
(DBN Subscription Required)

It may seem like the government is taking a heavy hand with the Big Three automakers, but it's fairer than it looks
(DBN Subscription Required)

What's good for GM is not necessarily what's good for America.
(DBN Subscription Required)

The Chapter 11 solution
(DBN Subscription Required)

Is Obama bluffing on bankruptcy ?
(DBN Subscription Required)

Handicapping the Coming GM Bankruptcy
(DBN Subscription Required)

After decades of treating its workers miserably, GM got exactly what it deserved
(DBN Subscription Required)

GM chief has embraced new direction-W.House adviser
(DBN Subscription Required)

Bankruptcy will be fast if needed: GM CEO
(DBN Subscription Required)

Will the bankruptcy process be allowed to work?
(DBN Subscription Required)

Too Big To Fail?
(DBN Subscription Required)

Bankruptcy looms larger across sector
(DBN Subscription Required)

Why Motown needs harsher treatment than Wall Street
(DBN Subscription Required)

Supreme Court's review of Chapter 11 channeling injunctions may affect auto company reorganizations
(DBN Subscription Required)

Holy Studebaker, Has it Come Down to This?
(DBN Subscription Required)

Getting Good Mileage from the GM Takeover Plan
(DBN Subscription Required)

GM Bondholders Will Have To Wait For Better Plan
(WSJ: separate paid subscription required)

Fiat, Chrysler Pushing Debt Holders, Union to Wrap Up Deal
(DBN Subscription Required)

How Fiat found its sweet spot
(DBN Subscription Required)

Banks resisting pressure to swap debt for stock
(DBN Subscription Required)

US talks to Chrysler lenders to cut debt
(DBN Subscription Required)

Chrysler would gain enthusiastic chief if it links up with Fiat
(DBN Subscription Required)

How Fiat's Marchionne Can Help Chrysler
(DBN Subscription Required)

Parts shortage at Chrysler Canada plants a harbinger
(DBN Subscription Required)

Hopes Of US Auto Recovery In March Premature - Ford Exec
(WSJ: separate paid subscription required)

March Auto Sales: Don't Get Too Excited
(DBN Subscription Required)

GM's real problem - savvy car buyers
(DBN Subscription Required)

Delphi, GM and auto task force to hold talks in DC
(DBN Subscription Required)

Future grim for auto suppliers
(DBN Subscription Required)

Court sides with Delphi salaried retirees
(DBN Subscription Required)

Delphi settles with salaried retirees
(DBN Subscription Required)

Delphi retirees get insurance help but feel weight of sacrifice
(DBN Subscription Required)

Suppliers Warm to Aid on GM, Chrysler Bankruptcy Risk
(DBN Subscription Required)

Auto-Supplier Aid May Start in Days, Trade Group Says
(DBN Subscription Required)

Sputtering economy has auto repair business racing
(DBN Subscription Required)

Recession credited for record drop in U.S. highway deaths
(DBN Subscription Required)

Plenty of cars, too few buyers
(DBN Subscription Required)

Auto parts maker Polymer to close its doors
(DBN Subscription Required)

Auto sellers, buyers face scary precedent
(DBN Subscription Required)

600 GM workers change minds on buyouts
(DBN Subscription Required)

It's Getting Easier to Get a Car Loan
(DBN Subscription Required)

GM says investors interested in Opel
(DBN Subscription Required)

General Motors South Africa Will Cut 700 Jobs by June
(DBN Subscription Required)

UK Car Sales Extend Slide, Prompting Calls for Government Aid
(DBN Subscription Required)

Saab's Creditors May Seal Company's Fate Monday
(DBN Subscription Required)

Saab Cars Attracts Interest From 20 ‘Active Parties’
(DBN Subscription Required)

Toyota’s US Pain Amplified as Drivers Shun Top Lexus Models
(DBN Subscription Required)

______________

Pensions:

Potential PBGC problem: $13.5 billion GM liability
(DBN Subscription Required)

$1T Hit to Pensions Could Cost Taxpayers, Workers
(DBN Subscription Required)

______________

Oil/Gas:

Oil Drops on Concern US Unemployment Will Erode Fuel Demand
(DBN Subscription Required)

Oil Tankers Storing Record Jet-Fuel, Gasoil Cargoes
(DBN Subscription Required)

Did the Oil Price Boom of 2008 Cause Crisis?
(DBN Subscription Required)

SemGroup may have buyer for residual fuels
(DBN Subscription Required)

______________

Food/Drink:

Empty Tables Threaten Some Restaurant Chains
(DBN Subscription Required)

GE Capital boosts Bi-Lo DIP
(DBN Subscription Required)

______________

Tax:

IRS Limited Offer on Unpaid Offshore Taxes Has Attorneys Scrambling
(DBN Subscription Required)

______________

Education:

Economy forces college grads to pursue Plan B
(DBN Subscription Required)

______________

Tax:

Islands resent G20’s tax havens crackdown
(DBN Subscription Required)

UBS grounds senior staff
(DBN Subscription Required)

______________

Museums:

LA children's museum faces bankruptcy
(DBN Subscription Required)

National Crime Museum Called a Deadbeat
(DBN Subscription Required)

______________

Credit Cards:

Credit card debt could be next crisis, experts say
(DBN Subscription Required)

______________

Religion:

Fairbanks diocese files plan
(DBN Subscription Required)

______________

Debt Collection:

Debtor `beaten, stripped'
(DBN Subscription Required)

______________

Debtor Audits:

UST Report on Debtor Audits in 2008
(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)
(DBN Subscription Required)

____________

Bankruptcy Reform:

Bankruptcy Reform On The Horizon
(DBN Subscription Required)

Legislation Introduced To Repeal Certain Business Bankruptcy Changes Made By BAPCPA's 2005 Amendments
(DBN Subscription Required)

______________

Mining:

$6 Billion Judgment Against Largest Mexican Mining Company
(DBN Subscription Required)

Grupo Mexico to Appeal Asarco Ruling; Shares Rally
(DBN Subscription Required)

BHP Debt Risk Rises on Speculation of Plan for Bids
(DBN Subscription Required)

_____________

Fraud:

Like Bernie Madoff, Marc Dreier bilked unsuspecting investors out of many millions of dollars. But Dreier did it with flair.
(DBN Subscription Required)

Madoff Fooled Clients by Silence, Lies When Asked About Methods
(DBN Subscription Required)

Bernie Madoff brother can pull $10G/month
(DBN Subscription Required)

Peter Madoff Can Now Afford A Metro Card
(DBN Subscription Required)

Madoff Neighbor Feeling Heat From Fallout
(DBN Subscription Required)

Madoff becomes the excuse du jour for overworked prosecutors in a ten-year-old art-restitution case
(DBN Subscription Required)

Why Madoff Loved (and Hated) Charities
(DBN Subscription Required)

Seizure of more property belonging to Madoff expected
(DBN Subscription Required)

An inside look at Madoff's Florida estate
(DBN Subscription Required)

Stanford’s Davis Said to Be Aiding Search for Assets in Europe
(DBN Subscription Required)

Stanford Cleanup May Be More Complex Than Madoff
(DBN Subscription Required)

Janvey: No need to file bankruptcy for individuals
(DBN Subscription Required)

Stanford receivers meet, but no details for now
(DBN Subscription Required)

Nadel’s Investors Lost $168 Million, Receiver Says
(DBN Subscription Required)

______________

Layoffs:

Disney eliminates about 1,900 jobs at its domestic theme parks
(DBN Subscription Required)

Nationwide Cuts 480 Jobs in Latest Layoffs
(DBN Subscription Required)

FedEx Begins Layoffs to Cut Operating Costs
(DBN Subscription Required)

Cutting pay to jack up the stock
(DBN Subscription Required)

What to do if you get laid off
(DBN Subscription Required)

Insurance Aid for the Newly Unemployed
(DBN Subscription Required)

Jobless Make TV Ads Pitching Themselves for Work
(DBN Subscription Required)

Milton Friedman’s ‘Pluck’ Gives Hope to Jobless
(DBN Subscription Required)

For the Jobless, the Stimulus Clock Is Ticking
(DBN Subscription Required)

13 Shot Dead During a Class on Citizenship
(DBN Subscription Required)

Gunman angry over poor English skills, job loss
(DBN Subscription Required)

______________

Retailing:

Filene's in talks with vendors to avoid bankruptcy
(DBN Subscription Required)

Customers lament Ritz Camera store shutterings
(DBN Subscription Required)

No Deals: Notorious Cabal To Oversee Ritz Camera Liquidations
(DBN Subscription Required)

G.I. Joe's can use its loan
(DBN Subscription Required)

Shoppers say Gottschalks sale hardly a sale, at least right now
(DBN Subscription Required)

Finally out of options
(DBN Subscription Required)

Fall of retail chain Gottschalks leaves void in Western towns
(DBN Subscription Required)

Hilo Hattie’s losses grow as owners seek ‘new plan’
(DBN Subscription Required)

Recession Erodes Conveniences Shoppers Got Used To
(DBN Subscription Required)

Bill Ackman and Sam Zell Comment on General Growth Properties
(DBN Subscription Required)

GGP Reportedly Rushes Payday
(DBN Subscription Required)

Malls Test Experimental Waters to Fill Vacancies
(DBN Subscription Required)

Bankruptcy judge to decide fate of Joe's Sports next week
(DBN Subscription Required)

_____________

Clawbacks:

My Money or Acrimoney
(DBN Subscription Required)

______________

Banking:

How to Clean a Dirty Bank
(DBN Subscription Required)

Rule Change Lets Banks Reinvent the Past
(DBN Subscription Required)

Bank Stocks Won’t Get Lift From FASB, Goldman Says
(DBN Subscription Required)

Big banks praise accounting rules change; small banks not so much
(DBN Subscription Required)

Regulators to Analyze Stress Tests
(DBN Subscription Required)

Obama Wants Bank Control
(DBN Subscription Required)

As conditions change, banks rethink US aid
(DBN Subscription Required)

Broke Bankers - When the liquidity crisis gets personal
(DBN Subscription Required)

Treasury Chief Says He’s Open to Ousting Heads of Frail Banks
(DBN Subscription Required)

Bank Creditors Still Sitting Pretty
(DBN Subscription Required)

Chronicle of a Bank Failure Foretold
(DBN Subscription Required)

Bank shareholders to ex-CEO: 'Give back your pension'
(DBN Subscription Required)

Geithner's Bank Plan Is a Good Start
(DBN Subscription Required)

Bair Said to Pitch Bank-Rescue Plan to Funds, States
(DBN Subscription Required)

Who’s Most Indebted? Banks, Not Consumers
(DBN Subscription Required)

Obama Bank Policy Signals $1 Trillion in Writedowns
(DBN Subscription Required)

Investors Asked to Stop Focusing on Bank’s Mistakes
(DBN Subscription Required)

_____________

Insurance:

AIG and the financial meltdown for dummies
(DBN Subscription Required)

Former AIG boss says company won't pay back taxpayers
(DBN Subscription Required)

Gen Re’s Monrad Gets 18 Months in AIG Investor Fraud
(DBN Subscription Required)

Hartford Cuts Ayer’s Pay in ‘Most Challenging Year’
(DBN Subscription Required)

Insurance Regulators May Reduce Use of Rating Firms
(DBN Subscription Required)

Brokers Fear Insurers' Annuity Risks
(DBN Subscription Required)

_____________

Bankruptcy Statistics:

Downturn Pushes More Toward Bankruptcy
(DBN Subscription Required)

Bankruptcy Filings by Businesses Increase 78% in First Quarter
(DBN Subscription Required)

Texas Chapter 11 Filings Double
(DBN Subscription Required)

_____________

Elevator Music:

Despite bankruptcy , Muzak still sings upbeat tune
(DBN Subscription Required)

______________

Media:

A new Charter
(DBN Subscription Required)

_____________

RVs:

The RV : Going the way of the dinosaur?
(DBN Subscription Required)

Lazydays parties through RV doldrums
(DBN Subscription Required)

_____________

Consultants:

Judge clears BearingPoint auction
(DBN Subscription Required)

_____________

UK:

Darling Says 2009 Will Be A Difficult Year
(DBN Subscription Required)

Worst of recession yet to come, says E&Y
(DBN Subscription Required)

UK deficit worse than predicted
(DBN Subscription Required)

Business confidence rose slightly in March
(DBN Subscription Required)

British companies sound profit alarms
(DBN Subscription Required)

Manufacturing business failures set to increase to 52 per cent this year, but will stabilize in 2010, says latest report
(DBN Subscription Required)

Patchwork quilt
(DBN Subscription Required)

Barclays Set to Offer More Lending in UK
(DBN Subscription Required)

Tough times ahead for London hoteliers
(DBN Subscription Required)

Southampton hit by credit crunch rebound
(DBN Subscription Required)

Debtors get 'breathing space' vow
(DBN Subscription Required)

KPMG predicts big take-up for new Debt Relief Orders
(DBN Subscription Required)

HSBC Raises $17.7 Billion in Stock Sale
(DBN Subscription Required)

______________

Canada:

In the shadow of debt
(DBN Subscription Required)

______________

EU:

EU Banking Overhaul Stumbles as UK Objects to Ceding Power
(DBN Subscription Required)

Europe to Lag Behind in Economic Growth, Goldman’s O’Neill Says
(DBN Subscription Required)

Producer Prices in Europe Decline Most in 10 Years; Retail Sales Drop
(DBN Subscription Required)

European Bonds Drop as Confidence Rebounds, Stock Markets Rise
(DBN Subscription Required)

_____________

Australia:

Watchdog's inaction 'cost creditors millions'
(DBN Subscription Required)

_____________

Germany:

German Government Plans to Acquire Hypo Real Estate
(DBN Subscription Required)

Germany Sees No Need to Nationalize Banks Except HRE
(DBN Subscription Required)

Billionaire Merckles’ Banks Sign Extended Standstill
(DBN Subscription Required)

Bayer's Wenning Sees No End to Crisis in Sight, Koelner Reports
(DBN Subscription Required)

_____________

Spain:

Spain's Economic Outlook Grimmest in Europe
(DBN Subscription Required)

Caja Madrid May Signal Halt in Spanish Mortgage Bond Payments
(DBN Subscription Required)

______________

Iceland:

Vanity Fair Article Draws Outcries From Iceland
(DBN Subscription Required)

_____________

Denmark:

Denmark’s New Premier Faces Sliding Polls, Recession
(DBN Subscription Required)

______________

Poland:

Polish bankruptcies soar 11 per cent in 2009
(DBN Subscription Required)

___________

China:

As Factories Fail, China's Business Law Does, Too
(DBN Subscription Required)

China’s looming NPL crisis
(DBN Subscription Required)

______________

Japan:

Japan to unveil $100 bln stimulus on Friday
(DBN Subscription Required)

_____________

Thailand:

Legal overhaul can help improve debt resolution - expert
(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 $55/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. Refunds are not available after purchase. 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 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).