August 29, 2011

The Daily Bankruptcy News

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Law:

Ex-Howrey Chair's Salary For July: $113,000
(DBN)

Firms in fee fight with Coudert move to switch courts
(DBN)

And the Associates Rejoiced: Now Almost Everything Is Billable at Jenner & Block
(DBN)

Breaking Free of Hourly Fees
(DBN)

Wachtell leads for Bank of America on Warren Buffett's $5bn investment
(DBN)

Supreme Court Clerk Hiring Watch: Say Hello to 2013
(DBN)

The Patent Lawsuit Economy
(DBN)

Most Highly Regarded Firms: Capital Markets 2011
(DBN)

E-Discovery Moves to the Cloud
(DBN)

Rules Committee Counsel Talks About Possible E-Discovery Changes
(DBN)

Judge Rules that Dodgers Owner is Free to Sue Bingham for Malpractice
(DBN)

How Freddie Mac's Legal Team Helped Stabilize the Mortgage Giant
(DBN)

Don't Fear the Consumer Financial Protection Bureau GC
(DBN)

Ban on Non-Lawyer Investments Defies Market Reality, Firm Argues
(DBN)

Just how fair does justice have to be?
(DBN)

Train in Vain
(DBN)

Some See Signs Law Schools Are Getting Serious About Reform
(DBN)

What Would You Say to a 0L?
(DBN)

Wisconsin Judges, Charles Schwab, National Century in Court News
(DBN)

Merck, Reynolds, Wells Fargo, BofA, Allstate in Court News
(DBN)

Freelance Law: Lawyers’ Network Helps These Women Keep a Hand in the Workforce
(DBN)

We're Not That Flexible After All
(DBN)

Always Hire the Lawyer Who Can Break the Most Bricks
(DBN)

Why It’s a Mistake to Be the Cheapest Lawyer in Town
(DBN)

Another State Bar Proposes to Allow Online “Daily Deals”
(DBN)

$100,00 of law student debt = . . .
(DBN)

Probable Cause Found Against Stephen McDaniel in Lauren Giddings Murder Case
(DBN)

Suspect in Killing of Mercer Law Grad Had Talked of a Perfect Murder, Police Say
(DBN)

Injured Lawyer Sues South by Southwest Festival
(DBN)

Fired administrator says school should have accommodated his alcoholism
(DBN)

Buckle Up or Get a Beating
(DBN)

Bride and Groom Caught Stealing Food for Wedding Reception
(DBN)

______________

Judges:

Revolt Weakens Jones' Control of Fifth Circuit Law
(DBN)

New York Judges Due to Get Paid More. But is it Enough?
(DBN)

Referee in New York Courts Is Named Barbados Chief Justice
(DBN)

Defendant Hurls Backpack at Judge
(DBN)

______________

Wall Street:

Wall Street Seen Sharply Higher; Insurers Eyed
(DBN)

US Stock-Index Futures Advance
(DBN)

Stock Rally Underway Around The World
(DBN)

European shares rise on stimulus hopes
(DBN)

U.S. Stock Exchanges Will Open as Usual, Skirting Hurricane Irene Damage
(DBN)

Stocks recover after Bernanke predicts US growth
(DBN)

Wall Street posts first weekly gain in more than a month
(DBN)

Wall Street’s Retention Worries Wash Away
(DBN)

S&P 500 at Reagan Recession Values
(DBN)

Wall Street Haunted By Loss Cuts Risk, Trading Costs Soar
(DBN)

______________

Layoffs:

Forecaster Questions Potency of Likely Obama Jobs Plan
(DBN)

U.S. small business hiring slows in August, wages dip
(DBN)

US Employment Probably Slowed in August
(DBN)

These Cities Wonder: What Jobs Crisis?
(DBN)

This Labor Day We Need Protest Marches Rather than Parades
(DBN)

14 Of The Biggest Mass Layoffs In 2011
(DBN)

Time, Money and Unemployment
(DBN - NY Times - Paywall Limit Possible)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

As fortunes dim, banks confront leaner future, cut jobs
(DBN)

Buffett's Capital Never Comes Cheaply As BofA Knows
(DBN)

Buffett's one-day win on Bank of America: $357 million
(DBN)

Buffett’s folksy act conceals his 'steal' of BofA
(DBN)

Buffett and B of A
(DBN)

Buffett's Bank of America Stakes Net $1.4 Billion in Profit on First Day
(DBN)

What Warren Buffett's Investment In Bank Of America Doesn't Tell Us
(DBN)

BofA's woes making life difficult for Merrill advisers
(DBN)

A how-to guide for fixing America's banks
(DBN)

Bad loans continue to rise for NJ banks
(DBN)

FDIC Issues 53 Enforcement Actions To Problem Banks In July
(DBN)

Unofficial Problem Bank list increases to 988 Institutions
(DBN)

Auditors Missed $1.8 Billion in Funny Money, Failed Bank Says
(DBN)

______________

Aviation:

Flight Cancellations in U.S. Resulting From Hurricane Irene Exceed 10,300
(DBN)

The Most Expensive Airports for Fliers
(DBN)

______________

Autos:

Bonuses, New Jobs Key to Auto Contract
(DBN)

Saab says 'all options' open as bills pile up
(DBN)

Saab Auto Seeks More Cash While Not Ruling Out Reorganization
(DBN)

Saab Withdraws From Frankfurt Auto Show; Focuses on Finances
(DBN)

Saab bonuses upheld despite crisis
(DBN)

New Salem Saab files for bankruptcy; will liquidate
(DBN)

______________

Health Care:

Hospital Authority pushed for bankruptcy - Creditors strike back internal feud at hospital
(DBN)

Nueces County indigent care faces insolvency in three years
(DBN)

Survey says: Most employers not dropping health plans in 2014
(DBN)

______________

Baseball:

How Going Green Can Save the Los Angeles Dodgers
(DBN)

______________

Paper:

No NewPage answers
(DBN)

______________

Publishing:

New Economics Rewrite Book Business
(DBN)

______________

Golf:

Bankrupt Spanish Trail Country Club says it's cash-flow positive
(DBN)

______________

Radio:

Radio personality Paul Finebaum sues Citadel for filing bankruptcy without his approval
(DBN)

______________

Orchestras:

Fischer Meets With Both Sides of Orchestra Dispute
(DBN)

______________

Furniture:

New York's Crawford Furniture Mfg. in Chapter 11
(DBN)

______________

Student Debt:

Drowning In Debt: The Sad State of Student Loans
(DBN)

______________

Media:

VMS plans to liquidate, lays off 200 employees in Jeffersontown
(DBN)

______________

Hotels:

Port Columbus hotels seeking buyers in bid to resolve bankruptcy case
(DBN)

______________

Politics:

Perry: Social Security a Monstrous Lie
(DBN)

Perry Likes Working in Secrecy
(DBN)

Perry Supported Tax Hikes then Opposed Them
(DBN)

Government fuels Texas jobs
(DBN)

Campaigns Find That Some Truths Are Inconvenient
(DBN)

SEC Rules Could Hurt Perry Fundraising
(DBN)

Approval of Congress Hits All Time Low
(DBN)

Lawyers and Law Firms Filling Up Obama Campaign Coffers
(DBN)

______________

Soccer:

European football clubs face financial woes
(DBN)

______________

Economy:

Poker-faced Bernanke buys more time for Fed options
(DBN)

Bernanke May Seek Consensus on Easing
(DBN)

Bernanke offers no new steps but leans on Congress
(DBN)

Fed's moves to aid economy since financial crisis
(DBN)

Bullard sees Fed portfolio tweak as ineffective
(DBN)

Fed policymaker says QE is 'most potent weapon'
(DBN)

Bernanke Talks Nice But Leaves Weak-Dollar Policy Intact
(DBN)

Consumer Spending in U.S. Probably Climbed in July on Autos
(DBN)

Fear That August Will Show Net Loss in Jobs
(DBN)

Trichet Says Regional Economic Diversity in U.S. Is Similar to Euro Area's
(DBN)

Top economists see austerity as right path for US, Europe
(DBN)

Gloom Settles on Central Bankers
(DBN)

Global recovery in dangerous phase: IMF's Lagarde
(DBN)

Lagarde speech stirs up Fed symposium
(DBN)

Lagarde's ugly truth on debt
(DBN)

ECB’s Trichet: Advanced Economies’ Crisis a ‘Formidable Challenge’
(DBN)

High Debt Levels Poised to Stunt Growth
(DBN)

Does America Need Manufacturing?
(DBN)

Midsized Manufacturers Beat Slump by Embracing China, India
(DBN)

US GDP Growth Revised Downward Again
(DBN)

Why Washington Really Likes Itself
(DBN)

Three years after Lehman, a new debt crisis looms
(DBN)

Yes, It's Absurd That 46% Of Americans Don't Pay Income Tax—But Not For The Reasons You Think
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Investors plant legal trap to halt $8.5 billion MBS settlement
(DBN)

What Eric Schneiderman Reveals About Obama
(DBN)

More on Federal Refinancing Plan
(DBN)

Federal refi plan should support secondary markets: BofA
(DBN)

Obama Seeks The Ultimate Free Lunch For Housing, And It's A Bank Bailout In Disguise
(DBN)

Ending GSEs would reset mortgage finance
(DBN)

MERS: We thought it was a good phrase too…
(DBN)

Zillow estimates 4.3% decline in home prices
(DBN)

FDIC-insured institutions’ Real Estate Owned (REO) decreased in Q2
(DBN)

Number of short sales on the rise
(DBN)

Billions Meant for Struggling Homeowners May Pay Down Deficit Instead
(DBN)

Housing Time Bomb Goes Tick Tock Tick Tock
(DBN)

Suburbs fight to keep foreclosed homes maintained
(DBN)

Father Abandoned 11 Yr Old Son In Foreclosed Home With Note That Said 'Go Live With Neighbors'
(DBN)

Small creditors struggle as the Mastro bankruptcy grinds on
(DBN)

Here's the tale of one Mastro creditor now living in poverty
(DBN)

Ginnie Mae to allow trial modification repurchases
(DBN)

Anglo Irish Portfolio Won by Lone Star, Wells Fargo, J.P. Morgan Chase
(DBN)

Billionaire's Foreclosure on 740 Park Ave Is Recession Making History
(DBN)

_____________

Weather:

Hurricane Irene And Municipal Bankruptcy
(DBN)

Batteries or Bankruptcy
(DBN)

Get The Hell Off The Beach!
(DBN)

After Irene: Little damage seen in many places
(DBN)

Perfect Storm of Hype: Politicians, the media and the Hurricane Irene apocalypse that never was
(DBN)

Irene Moves Into New England Leaving Millions in Dark, 14 Dead
(DBN)

Irene's Damage: a State-by-State Look
(DBN)

Vermont And Upstate New York Are Getting Hammered By Irene Floods
(DBN)

Reporter Gives Update Covered In "Sea Foam"
(DBN)

Hurricane Irene’s Estimated U.S. Cost for Insurers Declines to $3 Billion
(DBN)

Floods, Outages Lie in Wake
(DBN)

More Than 3 Million Power Outages
(DBN)

Airports Resume Service in Northeast , but Backups Could Persist for Days
(DBN)

MTA: Subway Won't Be Back for a While
(DBN)

Commuting nightmare after Irene
(DBN)

Goodnight, Irene. Next Problem: Filing Claims
(DBN)

Irene Adds to a Bad Year for Insurance Industry
(DBN)

Government to help states with Irene damage
(DBN)

Assessing the Irene Risk for Home Builders
(DBN)

Economy Becoming More Vulnerable to Hurricanes
(DBN)

Bloomberg: 'We Made Exactly the Right Call' on Storm Preparations
(DBN)

JPMorgan Says New York City Headquarters 'Fully Operational'
(DBN)

Citigroup's Downtown New York Offices 'Fully Functional'
(DBN)

Funny Hurricane Irene tweets
(DBN)

______________

Fraud:

Madoff whistleblower: Here's the next big fraud
(DBN)

Manhunt: Madoff exposed
(DBN)

Madoff’s nose growing with untruths
(DBN)

Former McCarter Attorney a Key Figure in New Madoff Film
(DBN)

Madoff Firm Liquidator Seeks $95 Million From Kuwait Bank, Feeder Fund
(DBN)

The High Human Cost of Following the Money in the Madoff Fraud Case
(DBN)

Judge Scrutinizes Legal Fees in Ponzi Case; Lawyers Have Received More Than Victims, So Far
(DBN)

Galleon: "Strong message of deterrence" being sent in sentencing
(DBN)

Attorney: “Difficult” for NCAA to Give Miami Death Penalty
(DBN)

Sino-Forest CEO Chan Resigns Amid Regulatory Probe Into Revenue, Holdings
(DBN)

______________

Oil/Gas:

How Many Rigs Are Drilling for Oil?
(DBN)

Banning Lewis decision delayed until Sept. 13
(DBN)

New FPSO costs blow for Sevan, In Talks To Avoid Bankruptcy
(DBN)

______________

Ethanol:

Who'll be left holding the bag in Pa. ethanol plant's demise?
(DBN)

______________

Food/Beverage:

Salahi Winery Assets Hit the Auction Block
(DBN)

Court approval likely for USA Springs financial plan
(DBN)

Nutrition 21 Supplement Maker Files Bankruptcy with $122.8 Million in Debt
(DBN)

Hilco Real Estate to Sell 14 Giordano's Restaurant Properties
(DBN)

______________

Municipalities:

For All the Hype, Chapter 9 Filings Will Likely Stay Rare
(DBN)

Pensions and Chapter 9: Can Municipalities Use Bankruptcy to Solve Their Pension Woes?
(DBN)

Harrisburg faces a takeover
(DBN)

Harrisburg Gets No Bailout If Plan Is Rejected, Pennsylvania Governor Says
(DBN)

Union leader says Central Falls firefighters are among lowest paid in Rhode Island
(DBN)

Central Falls to impose new terms on teachers
(DBN)

Central Falls receiver enters teacher negotiations, halts changes
(DBN)

Receiver removes Central Falls school superintendent from teacher contract talks
(DBN)

Can Central Falls afford merit pay for teachers?
(DBN)

Hartford helping ailing Central Falls.
(DBN)

Trying to stave off bankruptcy - Savannah going all out to avoid going broke
(DBN)

Alabama county says progress made at NY debt talks
(DBN)

Flint could be headed for another state takeover
(DBN)

The Aging States of America
(DBN)

______________

Religion:

For God and Money: The Place of the Megachurch Within the Bankruptcy Code
(DBN)

Diocese may close up to 20 parishes
(DBN)

Men allege abuse by priests at Ohio school in '50s
(DBN)

______________

Conservatorship:

Fannie Mae Conservator Sued by Pension Funds Over Recovery Limit
(DBN)

______________

Shipping:

Oil Tankers: Sunk or Floating?
(DBN)

______________

Finance:

Credit is right to spell gloom
(DBN)

______________

New Bankruptcy Opinions
(2 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)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

Harrisburg, Indianapolis Downs, Nutrition 21, Saab
(DBN)

Lehman, Guaranty Financial, Innkeepers, Madoff
(DBN)

A-Tec, Danish Banks Agreement, ShengdaTech
(DBN)

______________

Bankruptcy Statistics:

Equifax National Analysis Reveals Myriad of Small Business Bankruptcy Trends
(DBN)

Small business bankruptcies declined in past year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Celebs:

Longoria part of Beso bankruptcy plan
(DBN)

Are Teresa and Joe Giudice Going to Jail For Bankruptcy Fraud?
(DBN)

The Broke and the Beautiful: 'You Gotta Lie!' Edition
(DBN)

Lenny Dykstra’s Latest Brush with the Law
(DBN)

______________

Jurisdiction:

Enormous confusion - Effect of Stern on magistrate authority
(DBN)

Messing With the Bankruptcy System
(DBN)

______________

Bankruptcy Reform:

Relief for Student Debtors?
(DBN - NY Times - Paywall Limit Possible)

______________

Automatic Stay:

Cordish Can Press Defamation Lawsuit Against CEO of Indianapolis Downs
(DBN)

Foreclosure sale of non-debtor's property voided as violation of automatic stay
(DBN)

______________

Avoidance Actions:

The Terrible TOUSAs: Opinions Test the Patience of Corporate Lending Practices
(DBN)

Fraudulent Conveyances—More Than Just a Theoretical Risk in Structuring Loans and Guarantees
(DBN)

Twisting the Trustee’s “Strong Arm”: Constructive Notice in Section 544(a)(3) Adversary Proceedings
(DBN)

______________

Appeals:

“It Ain’t Over Till It’s Over”: Final Orders Appealable Under 28 U.S.C. § 158(d)
(DBN)

______________

Ethics:

If I Knew Then What I Know Now—Lessons in Ethics and Professional Responsibility for New Bankruptcy and Insolvency Practitioners
(DBN)

______________

Abandonment:

Navigating the Morass: A Proposed Uniform Standard to Determine the Revocability of Technical Abandonments
(DBN)

______________

Corporate Governance:

Bankruptcy Veil-Piercing
(DBN)

______________

IP:

Foreign Patents Under U.S. Bankruptcy Code Section 365(n)
(DBN)

______________

Consumer Bankruptcy:

A Brave New World (of Foreclosure)—New Hazards Plaguing Mortgages and Their Collective Impact on Consumer Bankruptcy
(DBN)

Time Is of the Essence: When Do Tax Claims “Become Payable” Under 11 U.S.C. § 1305(a)(1)?
(DBN)

______________

Solar:

Analyst: Evergreen Solar Will Struggle To Pay Debts
(DBN)

Q-Cells Hires Houlihan Lokey to Look Into Mid-Term Financing
(DBN)

______________

Insurance:

Lehman Execs Seek $90 Million in D&O Insurance for Securities Suit Settlement
(DBN)

Ambac Financial Reschedules Disclosure Hearing
(DBN)

______________

Mass Torts:

Rand Report: Asbestos Bankruptcy Trusts and Tort Compensation,
(DBN)

BP Spill Victims Can Seek Punitive Damages Under Maritime Law, Judge Says
(DBN)

US Oil Spill Ruling Pleases Plaintiff Lawyers
(DBN)

TX: Supreme Court Overturns Vioxx Award
(DBN)

______________

IMF:

Lagarde capital call surprises regulators
(DBN)

Global recovery in dangerous phase: IMF's Lagarde
(DBN)

European officials round on Lagarde
(DBN)

_____________

UK:

Luminar in Debt-Swap Talks With RBS, Lloyds
(DBN)

BDO and KPMG confirm sale of KPMG's consumer insolvency practice
(DBN)

In Aftermath of Riots, Top London Law Firms Offer Small Business a Helping Hand
(DBN)

KPMG Plans Sale of Aircraft Parts Firm Aero
(DBN)

U.K. Vows to Clamp Down Tax Cheats
(DBN)

Cuts blamed for 40 per cent reduction in company investigations
(DBN)

Sun, sea and stress for UK business owners
(DBN)

Debt Advisory Centre Scotland welcomes fall in insolvencies
(DBN)

Appointment of Administrators - 26 August 2011
(DBN)

Winding Up Petitions - 26 August 2011
(DBN)

______________

EU:

The EU Is Working On A "Radical" Plan For Banks
(DBN)

Hysteria in Germany, Euro Bailout Doubted
(DBN)

Merkel Optimistic Euro-Bailout Will Be Approved
(DBN)

New Greek Support Program Will Be Implemented
(DBN)

Europe May Offer to Guarantee Banks' Bonds
(DBN)

______________

Germany:

Germany's Feld Sees No Serious Economic Crisis
(DBN)

Pity the poor Germans, bankers to a flailing Europe
(DBN)

______________

PIIGS:

A Small Country — Finland — Casts Doubt on Aid for Greece
(DBN)

Finland proposes Luxembourg agency to control Greek assets
(DBN)

Finnish PM urges swift decision on Greece
(DBN)

Greece to close down military units to contribute to recovery
(DBN)

Greek Stocks Set for Biggest Rise in 20 Years
(DBN)

Merkel Rejects Bilateral Collateral Deals For Greek Aid
(DBN)

Doubts over German role in Greek debt deal
(DBN)

Greece talks tough on debt swap
(DBN)

Eurobank, Alpha Said to Merge Forming Biggest Greek Bank
(DBN)

ie: Civil Service pension fund seeks compensation from bust bank
(DBN)

Irish Minister Says Banks Must Engage With Distressed Borrowers
(DBN)

Government considering new agency to enforce homeowner debt deals
(DBN)

Irish Mortgage Arrears Above 90 Days Rise to About 7%
(DBN)

Most Irish Support Home Mortgage Debt Forgiveness, Poll Says
(DBN)

ie: To make any debt forgiveness plan work, first seek clarity
(DBN)

Irish State-Asset Sales May Fund Job Plans, Minister Tells Times
(DBN)

Consumers in full retreat as Europe bows to austerity
(DBN)

Spain Amends Constitution to Limit Debt
(DBN)

______________

MENA:

Libyan Rebels Pursue Qaddafi Loyalists
(DBN)

Rebel Government Struggles to Restore Water and Power in Tripoli
(DBN)

Tripoli: Rebels Settle Scores
(DBN)

50,000 Imprisoned by Gaddafi Now Missing
(DBN)

______________

China:

China Shipping Warns of Persistent Downturn
(DBN)

______________

Australia:

Shops will keep shutting: survey
(DBN)

Another Sign That The Huge Aussie Housing Bubble Is Popping
(DBN)

______________

Mexico:

Mexico's Vitro lenders plan bankruptcy case appeal
(DBN)

______________

Japan:

Tokyo Star Creditors Hire Nomura to Sell Bank
(DBN)

______________

 

 

 

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Copyright 2011