February 15, 2007 

Daily Bankruptcy News

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

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Aviation:

Delta's annual loss reaches $6.2B
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Delta Has 2006 Operating Profit
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Only in the upside-down world of bankruptcy court could a $6.2 billion annual net loss mean things are going well
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Pension Costs Widen Loss at Delta Air
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Rays of hope for Delta
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Judge quashes subpoenas from Northwest Airlines shareholders
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Profit-sharing handed to airline staff
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Air Madrid: Customers Can Get Refunds
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Swissair trial resumes to hear plea speeches
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Two Buyers Look At Acquiring Symphony Aircraft
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What Airline Mergers Mean For You
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Law:

Thacher Proffitt Fires Second Associate After Insider-Trading Scheme
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McKenna Long & Aldridge Raises Atlanta Pay
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Is the practice a profession, a trade or both (Part II)? Part I
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Justice Kennedy: Yes to Judicial Pay Hikes, No to Cameras at High Court
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Germany leads way as Weil unveils '06 results
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Kirkland & Ellis LLP Adds Restructuring Partner in New York
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Lawyer Chatted on Phone Before Falling to His Death
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SEC Blamed for Delay in Indictment of Former McAfee General Counsel
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Freshfields sidelines projects in sweeping finance shake-up
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GE to ditch e-tendering to "deepen relationships"

Lawyers Send Their Love
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Big Law And An Expose Of Life Inside The Wall Street Firms
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Allegations leveled in Pellicano case
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Chapman and Cutler Again Ranked Most Active Bond Counsel in U.S.
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Attorney to Plead Guilty in BALCO Case
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Cross-Dressing Lawyer Hangs Up His Dress After Guilty Contempt Verdict
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A Talk With Pete Kalis of K&L Gates
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Firm Loses Fourth Partner This Week
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Firm Adds NY Bankruptcy Partners
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Anonymous Lawyer
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Lawyers In Love, Part I , Part II
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BlackBerrys set legal beagles free
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S&C Files Motion to Dismiss Charney's Lawsuit
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Tax:

Merck to pay $2.3 billion in tax fight
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Tax collection contractors' tactics criticized
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Corporate Reform:

Take-Two founder settles backdating charges
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A Tale of Two Trials: Lessons to Learn From the Scrushy Story
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Sarbanes-Oxley backfires in bonds as unregistered sales surge
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Bernanke Says SOX 'Worthwhile'
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Monster of a Case - New Wave of Corporate Indictments Expected
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Investors look for a say to curb runaway executive pay
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Enron:

Former Enron traders get probation for driving up energy prices
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Media:

Creditors sue Air America
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The AAR Bankruptcy Should Be Investigated
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Granite Gets OK to Send New Plan
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Predatory Lending:

Defining and Detecting Predatory Lending
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GA payday lending critics not given the chance to speak
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Predatory Lenders Prey on Subprime Homeowners
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Mass Torts:

Armstrong World Industries, Inc. to Review Strategic Alternatives
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New York, California Have Highest Rates of ID Fraud
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Autos:

Chrysler Cutting 13,000 Jobs - Unions to seek buyouts, early retirement for many
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Salaried await their fate in 'solemn' Auburn Hills
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Sale of Chrysler group now a possibility
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Wall Street hails potential sale
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A world of suitors might await
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Chrysler May Join The Partnership Dance
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GM, Chrysler in Talks on Design Alliance
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Chrysler deals suppliers another challenge with cuts
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UAW calls Chrysler restructuring "devastating"
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Dr. Z's Painful Cure for Chrysler
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Teamsters counter with plan for Allied
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Car supplier sells 2 lines
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Collins & Aikman workers approves concessions with potential new buyer
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Collins & Aikman to back loan for supplier
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Dana Corp. again asks to void contracts
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Banking:

Lender Control in Chapter 11: Empirical Evidence
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Credit Suisse Profit More Than Triples
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Economy:

Warren: Third Way Lost
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Housing a wild card, but Bernanke upbeat on US economy
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Economists differ over consumers
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Fishing Out Facts on the Wealth Gap
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Layoffs:

Masco Will Cut 8000 Jobs
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Publishing:

Berkeley bankruptcy jolts indie publishers
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Rival book distributors submit bids
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Baker & Taylor Updates AMS Offer, Sets Court Date
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Agriculture:

Emerge Interactive, Inc. Files for Bankruptcy Protection
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Food:

Le-Nature's Suitors Surface in Documents
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LeNature: attorney's office searched in probe
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Entertainment:

Part-owner jousts for medieval festival
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Construction:

Tougher sues to get payments
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Timber:

Rio Dell, UST: Join call to move Palco case to Oakland
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Bankruptcy Crimes:

Women Sentenced To Prison Time For Bankruptcy Fraud
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Bankruptcy obstruction charges dismissed for bankruptcy fraud defendant
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Accounting:

KPMG's Close Call on Tax Shelters
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Beleaguered Congressman Sued Over Firm's Collapse
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Cab Company Proposes Co-Op As Restructuring
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A modern-day debtor's prison?
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Utah bankruptcy filings rose 58% in January
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Rochester bankruptcy filings double in Jan.
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Distressed debt specialists are feeling misunderstood
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Judicial Conference supports correcting inequities in bankruptcy judges' access to Federal Employees' Group Life Insurance (scroll down)
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U.S. consumer debt rises 3% in December
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Town loses its train to bankruptcy
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New Bankruptcy Opinions
(1 new opinion today) 

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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Real Estate:

Will Sub-Prime Loan Defaults Create Another Amaranth?
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Major banks and Wall Street firms are unloading bad home loans,
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Major Banks Try to Offload Subprime Portfolios
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Sen Dodd: Bank Agencies' Answers On Subprime Loans `Inadequate`
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Texas tops foreclosure report
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Foreclosure filings soar in Brooklyn, Queens
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ResMae Mortgage Gets Court OK for DIP Loan
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S. CA Home prices remain steady
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Scope of alleged real estate scam grows
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Accredited Home Lenders Stops Making Riskier Loans
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Masco posts loss, will cut 16% of its work force
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Queen Mary Project for Sale
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Condo Boom Ends With Arrest
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Dwek amenable to bankruptcy if it lets him reorganize business
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Group helps people avoid foreclosures
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Foreclosures rip neighborhoods
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Bankruptcy Reform:

Is new bankruptcy law confusing
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The Financial Netting Improvements Act Of 2006
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Bankruptcy celebrations may be premature
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Hedge Funds:

Bear Stearns May Have to Repay Failed Hedge Fund $180 Million
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Health Care:

Kessler hospital workers notified of possible end to health-care benefits
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NRHA approves bond package
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Integris could have bargain in bankrupt Moore Medical Center
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Kerry Eyes Fed Pool for Sickest Workers
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Hospitals Changing How They Anticipate Bad Debt
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Co-Pays Are Biggest Indicator of Payment Default, Says Study
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Retailing:

Copeland's Chapter 11 plan won't pay down all debts
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Bankruptcy lawyer to be honored
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UK:

Surprising details emerge in Torex bail-out package
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FRC hit with £1m Mayflower bill
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Australia:

Crackdown on debt agreement managers
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Peters: Money went offshore 'for horses'
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Lower income suburbs hit by bankruptcies
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ASIC launches action against James Hardie
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Asbestos scandal hits Hardie board
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Ireland:

E&Y quits as auditor at Irish software group
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Hong Kong:

Credit card charge-offs rise 1.9%
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Canada:

You gotta know when (and how) to fold 'em
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Austria:

Judge: Elsner Should Remain in Custody
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Italy:

Milan Prosecutors Seek Parmalat Trial vs 5 Banks
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