June 8, 2010

The Daily Bankruptcy News

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Law:

Could Law School Loans Become More Easily Dischargeable in Bankruptcy ?
(DBN)

Ex-BigLaw Attorneys Profit at Smaller Firm via Flexible Fees & Eat-What-You-Kill Comp
(DBN)

Lawyer Quits Covington, Makes $12K a Speech
(DBN)

Law Firm Clients Cool to Support of Summer Classes
(DBN)

Greenberg Traurig Hires Manski
(DBN)

Mayer Brown courtship of Simmons founders
(DBN)

10 Habits Every New Lawyer Should Learn
(DBN)

Court Nixes Ex-Greenberg Associate's 2nd Try for Suspension re $493K Firm Scheme
(DBN)

Dealmaker of the Week: Brad Eric Scheler of Fried Frank
(DBN)

Who Is BP General Counsel Rupert Bondy?
(DBN)

Settlement Undisturbed, Attorneys Can Be Sued
(DBN)

Travel Agent’s Input Led to New Houston Office for Blank Rome
(DBN)

A Lawyer's Life Turns to Cheese
(DBN)

One Way to Pad Your Hours: Picking Up Dry Cleaning
(DBN)

In-House Counsel v. ‘Outhouse’ Attorneys
(DBN)

Working the Room
(DBN)

"Computer Phobia" No Defense
(DBN)

Hire Us Because Private Planes Make Us More Productive and Efficient!!
(DBN)

Should a lawyer withdraw at the first indication that the client wants to lie?
(DBN)

The Future of Lawyers?
(DBN)

From Career Carwreck to Ready for His Closeup, Eliot Spitzer Is Hot Prospect for Cable News
(DBN)

A reasonable defense strategy, no?
(DBN)

Former Lawyer of the Day: Andrew Friedman
(DBN)

Ponzi-Schemer Lawyer Explains Motive: ‘All in the Name of Ego and Greed’
(DBN)

Chicago Lawyer on Raided Gaza Ship Was ‘Literally Slipping on Blood’
(DBN)

Ex-Wife Ordered Jailed for Alienating Children From Father
(DBN)

Lowering the Stakes: How Law Schools Can Help Next Gen Lawyers Take Gamble Out of Hefty Tuition
(DBN)

An Interview With Northwestern’s Resident Pop Star
(DBN)

Law Professor Peter Erlinder Is Denied Bail in Rwanda
(DBN)

Sign of the Times: Law School as a Path to Reality TV
(DBN)

Law Profs Want Schools to Stop Reporting LSAT Scores to U.S. News
(DBN)

Are Canadian Law Schools 'Psychotic Kindergartens?'
(DBN)

Judge Delays Woman's Prison Term due to Lack of Child Care
(DBN)

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Judges:

Justices Rule on Bankruptcy, Procedure, Prisons, but not Hillary Clinton
(DBN)

Judge chosen to sit on jury finds himself in dissent
(DBN)

Kagan tested by 1990s battles over tobacco legislation
(DBN)

Under the U.S. Supreme Court: Kagan headed for OK Corral
(DBN)

Time Dwindling on SCOTUS Term
(DBN)

Sotomayor Making Good on a Commitment to a Scrappy College With a Family Tie
(DBN)

Justice Souter’s Counsel
(DBN)

Documents offer sketchy clues to pragmatic Kagan
(DBN)

Jerked Around
(DBN)

The Judicial-Confirmation War Moves Up to Rhode Island
(DBN)

Judge Claims Fox News Defamed Him
(DBN)

6th Circuit Takes Lead As Most Reversed Appeals Court
(DBN)

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Wall Street:

Stocks set to bounce off 7-month lows
(DBN)

Stocks test price floors amid wave of selling
(DBN)

Stocks Hit 7-Month Low
(DBN)

Markets Aren't Worried About Greece Or Hungary, But Rather The Next US Mortgage Crisis
(DBN)

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Layoffs:

Morgan Stanley to shutter 300 offices, slash up to 1,200 jobs
(DBN)

Bosses more bullish on hiring
(DBN)

Bad Economy? Public Workers Become Targets
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Annie Leibovitz is a penny pincher
(DBN)

'Real Housewives of New Jersey' bankruptcy not-so-shocker
(DBN)

NJ Housewife Teresa Giudice: Bankruptcy Is a 'Fresh Start'
(DBN)

Teresa Giudice Bankruptcy : Chump Change Compared to the King of Reality TV
(DBN)

Real NJ Housewife Teresa Speaks Out on $11 Million Debt Rumors
(DBN)

Bye Bye Bankruptcy -5 Ways Teresa Guidice of Real Housewives Can Cut Costs
(DBN)

'Real Housewives' star Teresa Giudice blames economy, not Bloomie's bill
(DBN)

What the 'Housewives of New Jersey' Really Earn
(DBN)

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Avoidance Actions:

A Claim by Any Other Name: Court Disallows 503(b)(9) Claims Under Section 502(d)
(DBN)

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Concrete:

Court Approves U.S. Concrete Disclosure Statement
(DBN)

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Consumer Debt:

Consumer debts increase $1 billion in April
(DBN)

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Autos:

GM brass pad pay packages with stock deals
(DBN)

Chrysler recalls nearly 600,000 vehicles
(DBN)

Big Ed Keeps Shakin' Up GM
(DBN)

Report: GM will air Super Bowl ads again
(DBN)

GM in Opel dilemma if German aid denied
(DBN)

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Student Debt:

Proposed new rules on borrowing have student advocacy groups, for-profit colleges at odds - Schools must prove students will get jobs sufficient to repay loans
(DBN)

Bank pays millions to Yale to market its credit cards
(DBN)

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Gambling:

Gary says casino owes nearly $22 million
(DBN)

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Jewelry:

Michael Hill Plans to Close Eight US Stores to Reduce Losses
(DBN)

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Economy:

Bernanke Forecasts a Fitful Recovery
(DBN)

Bernanke: Recovery continues but 'won't feel terrific'
(DBN)

Changes in China Could Raise Prices Worldwide
(DBN)

Interest rates fall as euro hits new 4-year low
(DBN)

Chicago Fed Auto Conference Survey Predicts Continued U.S. Growth
(DBN)

Buffett's Charity-Lunch Auction Draws Minimum Bid of $25,000
(DBN)

Time to plan for post-Keynesian era
(DBN)

50 Statistics About the US Economy That Are Almost Too Crazy to Believe
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Law Firm Points Trash-Out Crew to Paid-Up ‘Foreclosure,’ Is Sued
(DBN)

Foreclosed Properties Held by Banks Up 12.4% in Q110
(DBN)

FHA Serious Delinquency Rate At 8.5% In April
(DBN)

Underwater Mortgages in the U.S. by City
(DBN)

Office Defaults Fuel CMBS Delinquency Spike, Fitch Says
(DBN)

New York City Real Estate - How Six Successful Developers Clawed Their Way Back Into Business
(DBN)

Distressed Commercial Properties to Rise Fastest in US and Ireland, Finds RICS
(DBN)

Subprime Delinquencies Drop Again as CDS Prices Return to 2008 Levels
(DBN)

Bank of America to pay $108 million to settle Countrywide case
(DBN)

Proposed California Mediated Mortgage Workout Law Defeated
(DBN)

Calif. Senate Passes Foreclosure Prevention Bill
(DBN)

Tradition's Core Communities defaulting on $139 million of debt
(DBN)

Many March, April Pending Home Sales May Never Close
(DBN)

Tax-Credit Hangover: Here Come the Builder Price Cuts
(DBN)

Fed Study Finds ‘Real’ Homeownership Rate
(DBN)

Why the FHA Isn't Out of the Woods Yet
(DBN)

Dallas-Fort Worth home sales jump 18 percent
(DBN)

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Corporate Governance:

Chancery Imposes Liability for Dilution of Minority Shareholders by Majority Shareholder who Converted Debt into Equity, Despite Self-Funding Company and Averting Likely Bankruptcy via Merger
(DBN)

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Cross-Border:

US Recognition of Individual Foreign Bankruptcies: What It (Doesn’t) Take
(DBN)

Cross-Border Bankruptcy Battleground: The Importance of Comity
(DBN)

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Credit Cards:

Are U.S. Bank and other North Dakota-Based Credit Card Banks Collecting Illegal Interest Rates?
(DBN)

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Baseball:

Everything the Texas Rangers Want You To Know About The Team's Bankruptcy In One Spot
(DBN)

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Consultants:

Marsh sells sleuthing firm Kroll
(DBN)

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Gaskets:

Garlock Sealing Technologies Files For Chapter 11 Protection
(DBN)

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Furniture:

Furniture Factory Warehouse Files for Chapter 11 Bankruptcy
(DBN)

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Retailing:

General Growth Properties IDs malls it may have to forfeit
(DBN)

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Aviation:

Airline stocks decline on fears over euro zone
(DBN)

A 23% Revenue Surge...Airlines Celebrate
(DBN)

Qantas, Virgin Open to Bids as Airline Industry Consolidates
(DBN)

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Hollywood:

Motion filed for Tutor to submit to examination
(DBN)

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Private Equity:

The Contractual Structure of Private Equity in a Distressed World
(DBN)

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Distressed Investing:

Disenfranchising Strategic Investors in Chapter 11: "Loan to Own" Acquisition Strategy May Result in Vote Designation
(DBN)

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Municipalities:

Black Flight is the New Worry for Detroit
(DBN)

Health, retiree costs strangling Baltimore
(DBN)

Grand Jury: Retirement could bankrupt Mendocino County
(DBN)

US states hardest hit by bankruptcies, unemployment and foreclosures
(DBN)

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Defaults:

Moody's :Global Speculatve-Grade Default Rate 7.5% In May
(DBN)

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Banking:

Workers File Massive $100M Wage Suit Against Bank of America
(DBN)

Debrahlee Lorenzana, banking beauty suing Citigroup, says JPMorgan Chase wants her to shut up
(DBN)

Debrahlee Lorenzana Spells Out Her Too Hot For Citi Story On Video
(DBN)

Banks in 'Downward Spiral' Buying Capital in Discredited CDOs
(DBN)

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Debt Collection:

Debt Buyer's Lenders Agree To Higher Borrowing Limits
(DBN)

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Religion:

SEC seeks church assets in FRM probe
(DBN)

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Tax:

Swiss lawmakers reject deal with US in UBS tax row
(DBN)

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Soccer:

Storms Predicted for European Soccer Leagues
(DBN)

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Derivatives:

Derivatives Market May Be Reshaped Even Without Swap-Desk Rule
(DBN)

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Rating Agencies:

Another Court Rejects Rating Agencies' First Amendment Defense
(DBN)

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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Chapter 13:

Debtor Gets Chapter 13 Break in Supreme Court
(DBN)

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Bankruptcy Statistics:

The Falling Failure Rate
(DBN)

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Litigation:

Supreme Court Allows Do-Over for Lawyer Who Sued Wrong Party
(DBN)

NERA Updates Subprime Litigation Status Report
(DBN)

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Mass Torts:s

EnPro unit files for bankruptcy over asbestos claims
(DBN)

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Health Care:

Medicare soon to go after liability settlements
(DBN)

Counting on Medicaid Money, States Face Shortfalls
(DBN)

Jackson Health System's international mystery
(DBN)

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Food/Drink:

Fuddruckers wins disputed Minn. restaurants, court rules
(DBN)

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Oil/Gas:

Of BP, Caps, and Chapter 11
(DBN)

BP's oil well blowout bill: $1.25 billion and growing
(DBN)

BP ramps up oil recovery effort
(DBN)

BP's next move
(DBN)

Imagining the Worst in BP's Future
(DBN)

Rate of Oil Leak, Still Not Clear, Puts Doubt on BP
(DBN)

Well Cap Captures More Oil, but Outlook's Gloomy
(DBN)

BP Oil Spill Response Rated Worse than Katrina
(DBN)

"The rig's on fire! I told you this was gonna happen!"
(DBN)

Dispersal of Oil Means Cleanup to Take Years, Official Says
(DBN)

BP Pays Out Claims, but Satisfaction Is Not Included
(DBN)

Gulf Oil Spill and Potential Health Effects: People in Louisiana Fear Oil's Link to Illness
(DBN)

BP Spill Shows a Profit Buying 2018 Oil, Selling Spot
(DBN)

Democrats push to give spill commission subpoena power for BP, Transocean documents
(DBN)

Ripples from deep-water ban worry energy firms
(DBN)

Offshore accidents bring few penalties from the feds
(DBN)

Crist Announces Loans for Oil-Affected Businesses
(DBN)

Oil Washing Up in Beach Towns Riles Officials
(DBN)

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Fraud:

Bernie Behind Bars: Madoff's Prison Life
(DBN)

Bernie Madoff in prison: happily unrepentant
(DBN)

FCIC Subpoenas Goldman Sachs, Seeking Documents
(DBN)

Why Did the Financial Crisis Commission Subpoena Goldman?
(DBN)

Goldman joins FCIC's dirty dozen
(DBN)

Goldman Sachs stonewalling, federal panel says
(DBN)

Goldman Deserves Regulatory Probe - Poll
(DBN)

The Over/Under on Rothstein's Sentence: 35 Years
(DBN)

US Wants 40 Years in Prison for Fla. Ponzi Lawyer - Fla. lawyer who ran Ponzi scheme deserves more lenient sentence because of undercover work
(DBN)

How Many Lawyers Does it Take to Defend Allen Stanford?
(DBN)

New details on limo driver in hedge fund fraud
(DBN)

Kenneth Starr and the Ties That Bind
(DBN)

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Politics:

Election spooks lawmakers, curbs Congress spending
(DBN)

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Sales:

Credit Bidding in a Sale Under a Plan Is Not a Right: The Third Circuit's Philadelphia Newspapers Decision
(DBN)

Close Scrutiny of Breakup Fees in Bankruptcy Asset Sales Continues
(DBN)

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Hotels:

W Hotel-related bankruptcy expands
(DBN)

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UK:

Fitch Says UK Fiscal Challenge 'Formidable;' Pound Declines
(DBN)

Europe's outlook darkens as Germany, UK make cuts
(DBN)

Cameron Warns Britons of Austerity
(DBN)

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EU:

Euro-Zone Finance Ministers Strike Deal to Create a Safety Net
(DBN)

Euro Zone Must Change or Die
(DBN)

EU Rescue Fund to Sell Bonds Only After Aid Request
(DBN)

Are Foreign Currency Loans Endangering Eastern Europe?
(DBN)

Gold Futures Jump Most in Month on Demand for Euro Alternative
(DBN)

Euro slides, hits multiyear low below $1.19
(DBN)

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Hungary:

IMF, euro finance ministers play down Hungary fears
(DBN)

Hungary Tries to Assuage Investor Fears
(DBN)

Hungary’s dance on the cliff-edge
(DBN)

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Greece:

Cash-strapped Greece wrestling to set a figure to its state employees, create single payroll
(DBN)

Greece's economic crisis delays MLK Memorial in DC
(DBN)

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Germany:

Billionaire wins bid for Germany's Karstadt stores
(DBN)

German govt slashes budget to tame deficit, to impose new taxes
(DBN)

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China:

The wage genie is edging out of the bottle
(DBN)

Foxconn wants clients to share wages burden
(DBN)

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Japan:

Japan Corporate Bankruptcies Fall 15.1% In May
(DBN)

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