September 1, 2010

The Daily Bankruptcy News

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Law:

Survey: Grim Revenue Picture for Small and Midsize Firms in 2009
(DBN)

Nixon Peabody Names New Bankruptcy Partner
(DBN)

Ex-Lawyer Claims Confusion over Regs When Cupcake Truck Is Confiscated
(DBN)

Bingham at Center of Dodgers Divorce Case
(DBN)

$667M Nursing Home Verdict Surprised Even the Plaintiffs’ Lawyers
(DBN)

Spoofers Use Louisville Law Firm’s Phone Number in Credit Card Scam
(DBN)

Ex-NYC Mayor Giuliani’s Daughter to Get 1 Day Community Service in Shoplift Case
(DBN)

Lawyer Wins Bid to Depose 'Law & Order' Producers in Libel Suit
(DBN)

iPad in the Wild
(DBN)

Law School Hunger Striker Ends Fast; Eyewitness Says She Is Weak, Fatigued and Thinner
(DBN)

Are Law School Faculties Part of the Problem with Legal Education?
(DBN)

Welcome 1Ls: You Decided to go to Law School, Now What?
(DBN)

Not at All Ripped From the Headlines, Really: Law & Order's Dick Wolf to Testify in Lawyer's Libel Suit
(DBN)

Stiletto-shod criminal-defense lawyer chases man she says snatched her purse
(DBN)

$38 Quadrillion Demand is World's Second Largest
(DBN)

A Quadrillion, To Scale
(DBN)

‘Sex Object’ Client Complains
(DBN)

When I was a kid, we didn't get any stinking $150 cab rides
(DBN)

Burglar/Entrepreneur Breaks In, Holds Garage Sale
(DBN)

Defendant Slits His Throat in Courtroom After Being Sentenced to 40 Years
(DBN)

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Judges:

Man in Custody re Death Threat to Judge; Courthouse Evacuated
(DBN)

Judges in Jeopardy: ALJs Feeling Heat From Disgruntled Litigants
(DBN)

And As the World Turns, Senators Bicker Over Judicial Confirmations
(DBN)

Ticket-Fixing Judge Gets Jail (Maybe)
(DBN)

Judge's Previous Testimony Will Be Used Against Him at Impeachment
(DBN)

Former Texas Supreme Court Chief Justice Is a Defendant in Wrongful-Death Suit
(DBN)

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Wall Street:

Wall Street futures signal higher open
(DBN)

US stocks mostly flat after jumpy trade
(DBN)

US stocks slump to worst August since 2001
(DBN)

Tech stocks sink as investors' worries of slowdown grow
(DBN)

JPMorgan Is Shutting Down All Prop Trading Desks
(DBN)

JPMorgan Might Close Down Prop Desks, Eventually, Maybe
(DBN)

JPMorgan's London prop desk doomed
(DBN)

Women Don’t Work on Wall Street Because It’s Awful
(DBN)

Hong Kong Sees Record Discounts on I.P.O. Fees
(DBN)

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Layoffs:

For Many, a New Job Means Lower Wages, Studies Find
(DBN)

Michigan is the toughest state in which to find a job
(DBN)

Obama: Too many Americans still looking for work
(DBN)

Want a Job? Move to Washington DC
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Newspapers:

Tribune Board Forms Committee to Oversee Reorganization Plan
(DBN)

Tribune Company Ready to Put Itself in Michael Eisner's Hands
(DBN)

Newspapers' sale deadline extended for 2 weeks
(DBN)

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Retailing:

Is Talk of Saks Bid a Sign of Consumer Bottom?
(DBN)

Dollar General Earnings Grow, Forecast Raised as Economy Pressures Consumer
(DBN)

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Aviation:

JAL Unveils Tougher Restructuring Plan
(DBN)

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Health Care:

Skilled Healthcare recovers as Wall Street wonders if delay in lawsuit may point to settlement
(DBN)

Atlantis Health Plan's $20 million insolvency
(DBN)

Proskauer Represents Sumner Regional Health Systems
(DBN)

Mercy rejects group's offer
(DBN)

Affinity Healthcare emerges from bankruptcy
(DBN)

Cash-strapped Calif. county approves hospital tax
(DBN)

State looking for buyer for Philipsburg hospital
(DBN)

Hemet district moves closer to sale of hospitals
(DBN)

Former owner of United Medical Center wants hospital back
(DBN)

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Politics:

Why Wall St. Is Deserting Obama
(DBN)

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Corporate Governance:

Independent Directors, Delaware Law, and Excessive Pleading Standards: London v. Tyrrell
(DBN)

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Pensions:

PBGC Protects Worker Pensions at Fraser Papers
(DBN)

Could SEC target California for pension fraud?
(DBN)

Recession blues: 401(k) loans and hardship withdrawals on the rise
(DBN)

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Student Debt:

Students Graduate Public Colleges With Far Less Debt
(DBN)

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Rating Agencies:

SEC Says It Declined to Sue Moody's for Fraud Over Company's CDO Ratings
(DBN)

SEC Warns Agencies Against Deceptive Ratings
(DBN)

SEC Says Dodd-Frank Law Lets Agency Chase Overseas Ratings Fraud
(DBN)

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Concrete:

U.S. Concrete emerges from bankruptcy
(DBN)

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Baseball:

Hall of Famer Nolan Ryan and co-owner Chuck Greenberg talk about saga of buying Texas Rangers
(DBN)

Texas Rangers' Latest Court Filings Reveal That It Sure Does Pay to Be in First Place
(DBN)

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Gambling:

RI agency sets Sept. 29 hearing for Twin River license
(DBN)

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Music:

Pennsylvania Academy of Music seeks extension in bankruptcy matter
(DBN)

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Debt Collection:

Man charged with running debt collection firm from prison
(DBN)

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Consultants:

Kurtzman Carson Hires Schrag as Corporate Restructuring Services
(DBN)

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Accounting:

MBA warns proposed FASB changes will increase complexity of derivatives accounting
(DBN)

Hedge fund investors sue Ernst & Young over fraudulent auditing practices
(DBN)

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Economy:

Consumer Confidence and Home Prices Edge Up
(DBN)

Small-Business Confidence Down Sharply In August
(DBN)

Fed Minutes Show Divisions on Move to Buy Debt
(DBN)

Internal Dissent and Staff Losses May Hurt Financial Crisis Panel
(DBN)

Bonds gain on worries over pace of recovery
(DBN)

Homelessness Up 50% In New York City
(DBN)

How panhandlers use free credit cards
(DBN)

Fed mulls stimulus if outlook worsens appreciably
(DBN)

Obama adviser warns against tax cuts for wealthy
(DBN)

Amid Downturn, Divorce and Infidelity Decrease
(DBN)

This Has Not Been Your Father's Recession
(DBN)

Federal spending rises a record 16%
(DBN)

U.S. businesses paying bills more slowly
(DBN)

Corporate bosses are whining, even though they're reporting record profits
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

Student Loan Debt Clock
(DBN)

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Real Estate:

Home prices rise in 17 cities in June
(DBN)

A Look at Case-Shiller, by Metro Area (August Update)
(DBN)

Shiller: Time for More 'Inspirational' Housing Policy Ideas
(DBN)

Deutsche Bank: Sorry, The June Gains In The Case-Shiller Will Be Short-Lived
(DBN)

Third straight gain in monthly Case-Shiller data
(DBN)

30-year mortgage rates drop to another record low
(DBN)

Explaining the Housing Bubble
(DBN)

Housing quagmire: Is it time to remove relief?
(DBN)

Attorneys, Appraisers, Loan Officers Accused of Mortgage Fraud
(DBN)

Fulcrum Fight in Iconic Foreclosure
(DBN)

$10 million West Edge bid endorsed by bankruptcy court
(DBN)

Most Delinquent Mortgages Not Going To Collections
(DBN)

Mortgage Fraud : The Untold Story of the Housing Meltdown
(DBN)

Judge denies request to dismiss criminal case against New Albany developer
(DBN)

Trustee: Berg’s company diverted funds
(DBN)

Underwater Homes Hold Steady but Likely to Increase
(DBN)

Capmark Settles With Lenders Owed $1.5 Billion to Avoid Lawsuit Over Loan
(DBN)

Commercial real estate leads to more private equity clawbacks
(DBN)

StuyTown: $3.6B feud deepens
(DBN)

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Oil/Gas:

Waiting for Bly: Will BP take some of the blame?
(DBN)

Drilling Agency Imposes Conflict-of-Interest Rules
(DBN)

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Banking:

FDIC: Troubled Bank Assets Decline
(DBN)

Bair Seeks Resolution Authority Rule 'Fairly Quickly'
(DBN)

Dodd-Frank, Title II: Where the FDIC and the “Orderly Liquidation Authority” Meet the Bankruptcy Code
(DBN)

US Banks Post $21.6B Profit as `Problem' Lenders Rise
(DBN)

Large Banks Earn Billions, Small Banks Struggle
(DBN)

FDIC sees rule soon on dismantling failing banks
(DBN)

Anglo Irish Bank suffers euro8.3B loss on dud loans
(DBN)

Citigroup Plans to Almost Triple China Workforce to 12,000 in Three Years
(DBN)

The bedridden banking recovery
(DBN)

Ex-Chief Haunts Bank of America
(DBN)

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Autos:

Old G.M. Being Sold for Parts
(DBN)

Old GM, Motors Liquidation, files plan to revamp
(DBN)

The shadow hanging over GM's turnaround
(DBN)

Obama's 'Mission Accomplished' Moment At GM
(DBN)

Akerson takes GM helm today; faces tough road
(DBN)

Bankruptcy Court Approves Visteon Chapter 11 Plan
(DBN)

Visteon Retiree Accord Eases Path to Bankruptcy Exit
(DBN)

Car dealers fight for a second chance
(DBN)

Car buyers can expect to see fewer discounts; automakers expect lousy August
(DBN)

Are Saab's new caretakers at Spyker in trouble? Again?
(DBN)

Japan: Collapse in Car Sales Unavoidable
(DBN)

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Lehman:

Barclays Asked Fed About Aid When It Bought Lehman Brokerage, Lawyer Says
(DBN)

JPMorgan Asks Bankruptcy Judge to Toss Lehman Brothers Suit Over Collapse
(DBN)

Barclays Lawyer Says Lehman Letter Was Adequately Explained
(DBN)

Lawyers for Lehman Are Seeking Records From Hedge Funds and Goldman
(DBN)

Fuld Says US Used `Flawed Information' in Denying Lehman Aid
(DBN)

Chase Amassing Lehman Claims
(DBN)

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M&A:

When M&A Doesn’t Amount To A Hill Of Beans In This Crazy World
(DBN)

Bidding Wars, Scrapped Holidays Herald M&A Pickup
(DBN)

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Municipalities:

Judge tosses Prichard bankruptcy
(DBN)

Prichard retirees, employees cheer rejection of city bankruptcy filing
(DBN)

Prichard Pension: Check Not In The Mail
(DBN)

States That Got the Most Federal Funds
(DBN)

Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes
(DBN)

Voters decide future of cash-strapped Calif county
(DBN)

Harrisburg, PA defaults on GO Bond!
(DBN)

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Trucking:

Record Used Commercial Truck Registrations Indicates Continued Slow New Sales
(DBN)

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Tax:

Sued by the IRS over his pension plans, promoter William Alexander says: Bring it on!
(DBN)

Special distressed debt tax election affects future M&A tax planning
(DBN)

Prime Dallas Cowboys seats go to ticket broker for $241,000 in IRS auction
(DBN)

For Some Unknown Reason, The IRS Confiscated a Nearly Worthless Scarface Poster in Young Buck Raid
(DBN)

Tax Cuts That Make a Difference
(DBN)

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Light Bulbs:

PureSpectrum deemed 'insolvent', overhauls structure and business model
(DBN)

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Horse Racing:

Fifth Third wins $15.5M Stonewall judgment
(DBN)

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Investments:

GSC Group Files for Bankruptcy Protection in New York
(DBN)

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Waste:

Houston waste firm CES files for bankruptcy
(DBN)

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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Miscellaneous:

The Financial Crisis of 2008 - 2009: Exigent Circumstances and Bankruptcy Precedents in the US
(DBN)

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Credit Counseling:

Debt Settlement Firms: Consumers Beware Following Change in FTC Rules
(DBN)

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Chemicals:

Tronox Lets Shareholders File Rival Bankruptcy Plan
(DBN)

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Celebs:

Rapper Young Buck Files For Bankruptcy
(DBN)

Bankruptcy Won't Stop Young Buck's Feud With 50 Cent
(DBN)

How to Shield Assets Like the Rich
(DBN)

Wesley Snipes Asks for Retrial
(DBN)

Toni Braxton's Home In Foreclosure?!
(DBN)

Things look bleak for 'Octomom'
(DBN)

'Real Housewives' star Teresa Giudice is 'humiliated' about bankruptcy
(DBN)

Seven costly pro athlete screw-ups
(DBN)

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Hotels:

Innkeepers Can Borrow $53 Million in Bankruptcy
(DBN)

Five Mile Commits $237M To Innkeepers
(DBN)

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Horse Racing:

Bankruptcy Court trustee requesting liquidation for Rosecroft
(DBN)

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Religion:

Spokane Catholic Diocese may have to sell churches
(DBN)

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Litigation:

Taylor Lautner Gets Settlement Offer for the Ages
(DBN)

Litigators Losing Love of Arbitration Argue for Trials
(DBN)

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Corporate Reform:

Financial Crisis Panel to Examine Lehman, Wachovia
(DBN)

Let a Thousand Regulators Bloom
(DBN)

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Insurance:

CLICO asset hunt hits a roadblock
(DBN)

Oklahoma Prepares to Liquidate Pegasus Insurance Co.
(DBN)

Third Circuit holds that a party cannot “opt out” of the Federal Arbitration Act in its entirety
(DBN)

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Finance:

Banks Grow Wary of Environmental Risks
(DBN)

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Politics:

Wealthy lawmakers increased their riches as economy sputtered in '09
(DBN)

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Consumer Finance:

Fringe Lending and Consumer Welfare
(DBN)

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Resorts:

Pointe Hilton Tapatio heads to auction
(DBN)

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Elder Debt:

The Rise in Elder Bankruptcy Filings and Failure of U.S. Bankruptcy Law
(DBN)

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Fraud:

Former Rothstein CFO Stay gives up boat
(DBN)

Miami Athletes' Charities to Return Rothstein Money
(DBN)

Villalobos bankruptcy judge skeptical that state's suit won't get in the way
(DBN)

Bankruptcy judge blocks California suit against ex-CalPERS official Villalobos
(DBN)

SEC won't pursue fraud case against Moody's
(DBN)

Man faces lawsuit for Ansel Adams’ claims
(DBN)

Businesses connected to alleged Ponzi scheme file for bankruptcy
(DBN)

Dallas man pleads guilty in $535M oil, gas schemes
(DBN)

Illinois Ex-Governor Ryan Seeks to Upend Conviction
(DBN)

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UK:

Tories drop bankruptcy reform plans
(DBN)

Grant Thornton wants to grill Asil Nadir
(DBN)

Preventing insolvency
(DBN)

Scottish courts consider when rent will be an administration expense
(DBN)

Male bankrupts more heavily in debt than women
(DBN)

Mixed messages regarding 'time to pay'?
(DBN)

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Canada:

Canadian Growth Slowed in Second Quarter
(DBN)

Economy slows, raising concerns about recovery
(DBN)

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EU:

Mixed Data Underlines Two-Speed Recovery in Europe
(DBN)

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India:

Indian insolvency regime shows improvement in time for recovery
(DBN)

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China:

Risks for China's Economic Miracle
(DBN)

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Australia:

Nursing home executive wrote of his fears over insolvency
(DBN)

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Sweden:

Swedish bank HQ appeals liquidation , eyes sale
(DBN)

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Germany:

German unemployment rate 7.6%
(DBN)

German Unemployment Falls for 14th Month
(DBN)

Germany's Retail Sales Unexpectedly Declined Second Straight Month in July
(DBN)

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Ireland:

‘Zombie’ Hotels Arise in Ireland as Recession Empties Rooms
(DBN)

Support of Anglo Irish Bank Strains Ireland
(DBN)

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Spain:

Spain says deficit down sharply through July thanks to austerity, tax hikes
(DBN)

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Chile:

Chilean Miners Might Not Get Paid While They’re Trapped Underground
(DBN)

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Afghanistan:

Troubles at Afghan Bank Jolt Financial System
(DBN)

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