April 2, 2007 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Bankruptcy News on the Internet 

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

Mesaba hopes to be flying high soon as NWA-owned airline
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NWA execs stand to own 4.9% of company
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Airlines in bankruptcy land
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Unions united in outrage of excessive CEO pay
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AirTran Sweetens Offer for Midwest Air
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UniCredit bids with Aeroflot for Alitalia
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Law:

DOJ Official Brings Storm by Taking the Fifth in Gonzales Flap
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DLA Piper Launches Latin American Firm Network
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Lawyer accused of passing loan off as paid fees
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Gargantuans at the Gate
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Houston: Carpetbagging law firms?
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Legal malpractice claims by 3d-party based on defrauded ponzi scheme fail
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The surefire method to find the right firm for the right issue
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Weil, Gotshal loses Boston bankruptcy experts
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Straight from clerking for a Supreme Court Justice to General Counsel
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Say What?!
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Midsize, Small Firms Must Keep Web Sites Up to Date and Focused
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$30 Million Law Firm Embezzlement; How Can That Happen?
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Linklaters 'yes' to LLP as massive 38 are promoted
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The Publicly Traded Law Firm
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The Most Important Securities Case in a Generation?
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Things Just Got More Difficult For Law Firm In The Midst Of Options Backdating Mess
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The U.S. attorney general doesn't send e-mails - and he's not alone
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Real Estate:

Subprime Homesick Blues
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Industry Tightens Standards On 'No Proof' Loans
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New Century May Announce Bankruptcy Filing
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Rise and Fall of Subprime Lenders Began on Wall St.
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Borrowing Trouble
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Adjustable mortgage woes ripple
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Florida Foreclosure Prevention Hotline: "Let's Make a Deal with Lenders"
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Expect more mortgage layoffs
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Even foreclosures are a tough sell
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For Subprime Lenders - A Primer on the Bankruptcy Code
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Credit Suisse unit sues lenders over mortgage pacts
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Spring looking grim for housing
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Subprime Story Ending Yet to Be Written
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Student investigates ORIX
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Bankruptcy Ruling unseats plan for golf club
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Enron:

JPMorgan Chase Wins Dismissal of Enron-Related Investors Suit
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Enron execs' desks fail to draw big bidders
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Debt and Democracy: Towards a Constitutional Theory of Bankruptcy
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How Distressed Debt Investors Are Preparing For The Next Economic Downturn
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Autos:

Ford's US sales in double-digit dive
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Workers take control of Collins & Aikman plant
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Workers occupy Collins & Aikman plant in Toronto for 2nd day
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Two-day plant occupation ends as DaimlerChrysler, CAW strike deal
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Workers adjust to life without Delphi plant
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UAW ranks fall to post-WWII low
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What's Left for Tower Automotive Shareholders?
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Pension woes at Stockman's former firm
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Cadence Innovation Signs Agreement to Acquire Collins & Aikman Plastics Business
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Delphi posts $132 million net loss for February
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With Chrysler in Flux, Private-Equity Cash Looks Tempting
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Dana retirees' benefits at risk
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Tax:

Audit finds few problems with IRS outsourcing program
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Fighting Identity Theft the IRS Way
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The Tax Burden and the Propensity of Small Business Entrepreneurs to File for Bankruptcy
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Economy:

Feb Spending Up Even As Residential Falls
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Mortgage woes seen holding US growth "below trend"
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Textiles:

Delta Mills requests time to file plan
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Pensions:

The End of Retirement
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Telecoms:

Earthlink's cell venture running low on cash
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Nokia Siemens predicts telecoms slowdown
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Accounting:

Audit firms seek protection
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PricewaterhouseCoopers may lose license in Russia
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Credit Cards:

KKR agreed to buy credit-card and payments processor First Data in a deal valued at about $29 billion
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Credit Cards: Fun For the Whole Family, Ages 9 and Up
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Bankruptcy Crimes:

Man pleads to bankruptcy fraud charge
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Judge delays Peel's surrender
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Miglin needs financial makeover
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Albany: New judge eases bankruptcy load
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Bearingpoint says lenders agree to extend deadline
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Bally Total Fitness subject to delisting
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Informal Creditors' Committees in Chapter 11 Bankruptcies - Is a Chilling Wind Blowing?
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Bankruptcy and divorce differentiate between claims and equitable interests
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Old Pennsylvania liquor licenses in bankruptcy
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
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Hedge Funds:

Hedge funds lead US junk sector lending
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Hedge Funds: Lessons Learned from the Radnor Decision
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Health Care:

US system guards health of insurers, not patients
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Sales, bankruptcy, expansions keep health care market busy
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Nursing-home chain files for bankruptcy
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Food/Drink:

Insurance company sues Le-Nature's CEO
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Timber:

PALCO "single asset" hearing continues
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Utilities:

Key Illinois lawmakers got donations from Ameren
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Ameren far from being bankrupt
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Madigan seeks info in Ameren credit rating probe
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Bowline Point power plant exits bankruptcy
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Religion:

San Diego diocese releases names of accused priests
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Corporate Reform:

U.S. prosecutors say bail should be revoked for HealthSouth founder
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Mining:

Grupo Mexico: Asarco Lawsuit Over Southern Copper Unfounded
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UK:

Protection for the Defendant is Essential Before Granting a Freezing Order
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UK manufacturing growth slows in March
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South Africa:

Bad luck for business in lotto license bungle
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Serbia:

"Bankruptcy mafia" trial picks up
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Czech Republic:

Big Agrobanka payout eyed in bankruptcy bid
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Canada:

Are Licences or Rights Derived from Licences Personal Property Realizable in Bankruptcy?
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42% of workers live by each paycheck
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Russia:

Rosneft To Bid For Yukos Gazprom Neft Stake
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Australia:

On the Horizon: Insider and Insolvent Trading Law Reform
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