September 21, 2010

The Daily Bankruptcy News

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Law:

Bankruptcy Community Rallies Around Cancer Cause
(DBN)

The Backlash on Bankruptcy Fees
(DBN)

Legal Fees Still Too Fat, Corp Counsel Say; 1 Firm Works 3 Months for Free
(DBN)

FASB Proposes Increased Loss Contingency Disclosure Rule
(DBN)

41 More Top Legal Execs Join Attack on FASB Proposal
(DBN)

The LL.M.: A Valuable Degree or a Wasted (and Expensive) Year?
(DBN)

Halliwells administrators report reveals extent of financial fallout
(DBN)

You've Failed the Bar, and You Want a Job?!
(DBN)

Bingham Set to Take Center Stage in McCourt Divorce Drama
(DBN)

As BigLaw Struggles to Provide Value, Lobbying Firms Are In the Money
(DBN)

Great Expectations: The Bane of Your Existence
(DBN)

A law degree ain’t what it used to be
(DBN)

Law Firm Perk Watch: Who Wants a Free iPad?
(DBN)

Powerful iPad Combo for Lawyers: TextExpander and SimpleNote
(DBN)

State by State, All Over the Map: Lawyers With Drug, Alcohol Problems Face Inconsistent Penalties
(DBN)

Lawyer Faces Tax-Shelter Trial, Child-Exploitation Indictment & Arson Probe
(DBN)

In McCourt Dispute, Spotlight Turns to Contract Discrepancy
(DBN)

Biglaw Hiring Trends In Asia
(DBN)

Eversheds Targets In-House Lawyers With New Consultancy Business Venture
(DBN)

Harvard Law School to Stealth Grade Reform
(DBN)

Third Defendant Pleads Guilty in Office Supply Scam Costing Wilson Sonsini $1M
(DBN)

Woman claims ’sexting’ prosecutor invited her to autopsy
(DBN)

Female Attorney, 41, Went on Rampage That Killed 3, Injured Others
(DBN)

Defendant Claims Caffeine Insanity
(DBN)

Abuse Victim Says Prosecutor Suggested Reduced Charge Against Her Ex-Boyfriend, Then Texted Her
(DBN)

Kim Kardashian’s Lawyers Send Cease-and-Desist Letter to Blow-Up Doll Company
(DBN)

Judge Frees Ex-Lawyer Imprisoned for Contempt, Cites ‘Bizarre’ Conduct
(DBN)

Lawyer Seeks SEC Snitches in Movie Theater Ads Running with New ‘Wall Street’ Film
(DBN)

Did Border Patrol Have Right to Deport Baby, a US Citizen, Over Citizen Mom’s Objections?
(DBN)

Freshfields trainee imprisoned in Dubai
(DBN)

Law firms mesh attorneys, marketing to gain new clients
(DBN)

A Modest Review of Outlaw
(DBN)

"Cobra McJingleballs"
(DBN)

"The white one wants my flesh"
(DBN)

"Working, Girls"
(DBN)

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Judges:

Scalia Sounds Off at Hastings
(DBN)

Is Justice Breyer Emerging as New Leader of Liberal Bloc?
(DBN)

Clerk for Clarence Thomas Lands BigLaw Partnership
(DBN)

Texas Judge Defers to Popular Opinion, Reverses Court Ban on Cowboy Boots
(DBN)

Judge of the Day: ‘I find myself… not guilty!’
(DBN)

Law professor testified as ethics expert in judicial impeachment
(DBN)

Government opposes former Judge Samuel B. Kent's motion to vacate and correct sentence
(DBN)

Missouri Judges Take Prison Costs Into Account in Sentencing
(DBN)

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Wall Street:

Stock futures narrowly mixed ahead of Fed meeting
(DBN)

Stocks Advance To 4-Month High
(DBN)

Why Are Women Leaving Wall Street?
(DBN)

Investment Bankers Back to Arrogant Ways
(DBN)

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Layoffs:

Soft recovery means slow U.S. job growth: OECD
(DBN)

Recession May Be Over, but Joblessness Remains
(DBN)

The Plight of Older Workers
(DBN)

San Francisco Fed Warns Job-Quashing Productivity to Remain Hot
(DBN)

Bank of America Said to Fire as Many as 400 Employees Globally
(DBN)

Nevada unemployment rises to 14.4%
(DBN)

Elected Officials and Unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Oil spill claims checks aren't close to covering losses, say business owners
(DBN)

Oil Spill’s Other Victims: The Animals
(DBN)

John Wright - the man who killed BP's Gulf of Mexico oil spill well
(DBN)

Oil Company Fined in Royalty Case
(DBN)

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Food/Drink:

Claim Jumper in bankruptcy ; staying open
(DBN)

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Art:

Lehman Brothers $10 Million Art Collection on Display Ahead of Sotheby's Auction
(DBN)

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Travel:

Ultimate Escapes Vacation Club Files for Bankruptcy as Slowdown Cuts Cash
(DBN)

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Telecoms:

1 Thing You Should Know About Level 3
(DBN)

______________

Banking:

FDIC fields bids on AmTrust, winner to be announced in coming weeks
(DBN)

Get Ready for the Wave of Bank Mergers
(DBN)

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Pensions:

The Illusion of Pension Savings
(DBN)

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Economy:

Markets await Fed decision
(DBN)

Is This What a Recovery Feels Like?
(DBN)

Why Does Expansion Feel So Much Like Recession?
(DBN)

Stimulus Plan Bogged Down in Bureaucracy
(DBN)

The recession is over, economists say, but the pain isn't
(DBN)

Recession Ruled Dead, But U.S. Still Haunted
(DBN)

Recession Ended in June 2009
(DBN)

The Recession Is Dead And Acquisitions Are In Overdrive
(DBN)

Downturn of 18 months ranks as longest since Great Depression
(DBN)

Where are We At After Recession’s End
(DBN)

The Depth of the Downturn
(DBN)

Don't Forget, the Bailouts Worked
(DBN)

Obama Raises Prospects of New Economic Team
(DBN)

Obama Says It Would Be `Irresponsible' to Extend Tax Cuts for Wealthiest
(DBN)

Extending All Tax Cuts: "I Don't Have the Math"
(DBN)

Republicans Balk at Obama Business Tax-Break Proposals They Backed in Past
(DBN)

What if the Bush tax cuts lapse?
(DBN)

A Look Inside the Fed’s Balance Sheet
(DBN)

Pimco Buys Bank Debt as Basis Goes Negative
(DBN)

As TARP Fades, a Look at Its Flaws and Its Success
(DBN)

Staff Expands as TARP Ends
(DBN)

France, Spain urge global tax to fight poverty
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Homebuilder Confidence Holds at Lowest Level in a Year as Tax Credit Ends
(DBN)

Don’t Let Servicers Be Mortgage Relief Gatekeepers (Again)
(DBN)

How Underwater Mortgages Can Float the Economy
(DBN)

Mortgage Relief for All; But Who’s Paying??
(DBN)

Home sales level off in August after recent plunge
(DBN)

GMAC stops some evictions, foreclosed home sales
(DBN)

Ally Financial Says GMAC Mortgage Mishandled Affidavits on Foreclosures
(DBN)

Ally Financial denies foreclosure moratorium
(DBN)

Commercial real estate prices near recession low in July: Moody's
(DBN)

Storied Beverly Hills Mansion for Sale
(DBN)

Former Hearst home returns to market $70m cheaper
(DBN)

Refinancing Calculators You Can Trust
(DBN)

Obama: Housing Market Faces ‘Tough Decisions’
(DBN)

Lennar Jumps But We're Not Buying
(DBN)

Will Fannie, Freddie Participate in ‘Short Refinance’ Program?
(DBN)

SunCal land buyer, Western Albuquerque Landholding, is a mystery
(DBN)

A city rescue for Stuy Town? Think again
(DBN)

_____________

UCC:

Risk losing your first priority lien if you provide superfluous information in the UCC financing statement
(DBN)

______________

Health Care:

Bankrupt Pa. hospital awaits bankruptcy auction
(DBN)

GOP Plans ObamaCare Repeal
(DBN)

Kentuckiana Medical Center files for bankruptcy
(DBN)

Medical Center files for Ch. 11 protection after First Tennessee Bank freezes account
(DBN)

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Autos:

Was GM-Chrysler rescue a blank check?
(DBN)

$20B Likely Lost On GM, Says Former Auto Czar
(DBN)

US may recoup $50 bln from GM - Ex task force chief
(DBN)

Ex-car czar Rattner warns US: Pick fights you can win
(DBN)

China stake a 'tricky sell,' even for global GM
(DBN)

Inside Obama's Auto Industry 'Overhaul'
(DBN)

UAW chief to meet Fiat CEO and Italian suppliers
(DBN)

Analyst: GM could print money as sales recover
(DBN)

General Motors, Preparing for Stock Offering, Resumes Political Donations
(DBN)

Obama defends auto bailout
(DBN)

Rattner Speaks: Chrysler, Congress and Khakis
(DBN)

Corker Booed By Workers At GM Plant Ceremony, Takes Credit For Saving Industry That He Opposed Saving
(DBN)

Bob Corker's chickens come home to roost
(DBN)

Judge May Allow Additional Claims Against Toyota
(DBN)

______________

Aviation:

Mesa Air Bankruptcy Plan Gives US Airways 10% Stake
(DBN)

American Struggles With Costs, Unions as Mergers Erase Top-Airline Status
(DBN)

Global airline industry poised to soar in coming decades
(DBN)

Should Southwest buy Sun Country? One analyst thinks so
(DBN)

______________

Hotels:

Stalled Hilton project set for auction
(DBN)

______________

Consultants:

GCG Named 'Best Claims Administrator' by the New York Law Journal
(DBN)

______________

Directories:

Idearc Spinoff Called a Put-Up Job
(DBN)

______________

Chemicals:

Massive Damages Sought From BNY Mellon
(DBN)

______________

Personal Finance:

Mayor Bloomberg, richest man in NYC, only owns two pairs of shoes!
(DBN)

______________

Gambling:

Competition pushed Majestic Star toward bankruptcy
(DBN)

______________

 

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)

______________

Valuation:

Bankruptcy Turnarounds Menaced by Investor Valuation Fights, Lifland Says
(DBN)

______________

Miscellaneous:

Mesa Air, Ultimate Escapes, Neff, Majestic Star, Trico, Fulton: Bankruptcy
(DBN)

______________

Bankruptcy Reform:

Time may have come for bank “bail-in” scheme
(DBN)

______________

Discharge:

Supreme Court To Decide Whether To Review Seventh Circuit Decision Holding That Bankruptcy Does Not Discharge Environmental Clean-Up Liability Under The Resource Conservation And Recovery Act
(DBN)

______________

Bankruptcy Statistics:

O.C. bankruptcy filings up 19.3%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Consumer Debt:

Defaults Account for Most of Pared Down Debt
(DBN)

Many Americans Still Leaning on Credit
(DBN)

______________

Fraud:

Lernout, Hauspie Get Prison Sentences in Belgian Corporate-Fraud Case
(DBN)

Hecker employee charged with mail fraud, making a false statement
(DBN)

Judge Clears SEC's Fraud Case for Trial Against Former Countrywide Execs
(DBN)

New York Man Gets Five Years Probation in Foreign-Exchange Ponzi Scheme
(DBN)

Petters clawback suits to launch
(DBN)

______________

Corporate Reform:

What Does the New Law Mean for Me?
(DBN)

Bank Executives at Greater Risk as SEC Flexes Power of Financial Overhaul
(DBN)

______________

Municipalities:

Moody's: Outlook for Harrisburg, PA Uncertain in Longer Term
(DBN)

______________

Retailing:

Urban Brands, US Clothes Seller, Seeks Chapter 11 Bankruptcy Protection
(DBN)

______________

Metals:

Judge Approves Almatis Plan To Exit Bankruptcy Protection
(DBN)

_____________

Politics:

Long Beach Councilman Steve Neal's home in default
(DBN)

Deal said he did not know of son-in-law's prior bankruptcy
(DBN)

Daughter's bankruptcy papers didn't mention Deal
(DBN)

Banking industry spent $2.4 million lobbying
(DBN)

Corporate Donations Shift to GOP
(DBN)

______________

Hollywood:

Indian conglomerate says it offered $2-billion-plus for MGM; questions abound
(DBN)

James Bond Producers Said to Join Bid for MGM Studio
(DBN)

______________

Celebs:

Foreclosure closing in on 'Octomom'
(DBN)

Octomom sabotaged herself
(DBN)

Real Housewives of NJ Joe Giudice Does Jail Time Is Teresa Next?
(DBN)

Lindsay Lohan's probation revoked, arrest warrant issued
(DBN)

______________

Lehman:

Lehman to Spend $1.6 Billion to Save Aurora, Woodlands Banks from Seizure
(DBN)

Lehman Brothers Logo Is `Liquidated' as Graffiti Artist Paints Wall Street
(DBN)

Getting Lehman Profoundly Wrong
(DBN)

______________

UK:

UK borrowing jumps to record high as inflation pushes up interest payments
(DBN)

Bank of England: Banks making 'excess' profits from loans
(DBN)

UK: Proposed; All Paychecks Go to State First
(DBN)

Bankrupt footballer forced to sell £1.7m mansion to repay debts
(DBN)

Can we play too? ISDA, insolvent insurers and close-out netting
(DBN)

______________

EU:

Europe Debates How to Avoid Another Debt Crisis
(DBN)

European Bailout Fund Receives High Ratings
(DBN)

______________

Canada:

July bankruptcies fall sharply
(DBN)

Bankruptcies down in July, but still showing 'culture of debt'
(DBN)

______________

Germany:

Hypo Real Staff Payments 'Not Inappropriate,' Government Says
(DBN)

______________

Australia:

Missing the insolvency reform point
(DBN)

______________

Middle East:

Audits must be tougher, says Dubai regulator
(DBN)

______________

Greece:

Greece clings to investment grade by fingernail - Fitch
(DBN)

______________

Russia:

Russia to cut 100,000 bureaucrat jobs
(DBN)

Beware of Russia, warns jailed oligarch
(DBN)

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