February 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:

New deadline in Comair talks
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Accusations blemish Mesaba bid
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Merger pressure eases after US Airways withdraws Delta bid
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A takeover that didn't take off
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Delta's leader says he has no ill will against his rival
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American's cost cuts go the extra mile
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Law:

Foley Law Firm Elects New Reorg Partners
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Dewey Ballantine Faces Life Without Orrick
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Orrick Faces Life Without Dewey Ballantine
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Dewey exodus continues as twelfth partner departs
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More Firms Raise First-Year Pay
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Who Will Pay for Associate Raises: Partners or Clients?
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Say What?!
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Yet Another Firm Hikes Associate Salaries
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Shrinking Firm Negotiating Hire of Large Block of Lawyers by Rival
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BigLaw Embraces Diversity Managers
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Allen & Overy appoints associate to global management team
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How a GC Selects a Law Firm
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Post & Schell, P.C. Adds Brian W. Bisignani, Esq., to Lead New Bankruptcy Practice
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What LegalTech Toys Say About Your Business
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Nossaman Managing Partner Makes Sudden Departure for Winston & Strawn
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Who's Innovating?
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Associates tell why they'd take a pay cut to work less
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Linklaters confirms Davies, first interview
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Insight into the arcane workings of just how managing partners are appointed
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Delightfully-named lawyer
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Flying the Friendly, Federal Judicial Skies: An Open Letter from Judge Alex Kozinski
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More Milberg charges possible
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E-Mail Overload
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Bankruptcy Crimes:

Stiehl allows prosecutor to challenge Peel's witness
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Retailing:

Sundown approaches for Sunny's 15 stores
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Accounting:

Court Rejects Tax Shelter Once Sold by KPMG
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Accountants Form New Group to Improve Audit Quality
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Weston Nurseries land buyer chosen in bankruptcy court
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Judge orders takeover of Memphis cemetery trust funds
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Autos:

UAW protests exclusion from Delphi financing deal deadline
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Delphi suitor has history of saving companies
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Delphi, GM, unions still at table
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Ex-chief of bankrupt Collins & Aikman gives up $1 million severance pay; still gets $700K
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Ford, GM shed more baggage
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Nissan Profit Falls 22.6 Percent in 3Q
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Car dealers under pressure
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Economy:

Personal Savings Drop to 74-Yr. Low
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Economists split over negative US savings rate
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Exxon Earns Most Profit In US History, $39,500,000,000.00
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Health Care:

Victory Hospital still open
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Officials move to protect Moore hospital bid
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Clock ticking for hospital to offer bankruptcy plan
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Real Estate:

30-year mortgages hit highest level since late October
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Home price slide not over
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Defrauded homeowners attend Lamb bankruptcy hearing
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Subprime borrowers facing tougher qualifications for mortgages
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Met Mortgage figures reach deals
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County Defaults Already Exceed 2006: Kentucky
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Senators Question Fannie Mae CEO's Salary
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Corporate Reform:

US probes Siemens bribery scandal
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HomeGold: S.C. judge to decide validity of charge
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SEC Is Aggressively Pursuing Options Timing Case, Chairman Says
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Predatory Lending:

State targets payday loans
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Lawmakers try to close payday loan loopholes
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Committee tables payday lending bill
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Food:

Interstate asks judge to allow hiring of CEO
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Advertising:

Deadbeat ads: Why advertising agencies eat debt
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Foamex's Ch. 11 Exit Plan Gets OK'd
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Werner Gets Ch. 11 Filing Extension
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Ski resort put on the block, bankruptcy possible
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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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Religion:

Judge approves first step of Portland archdiocese reorganization
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Diocese asks for more time in bankruptcy case
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Diocese reorganization plan will collect cash from parish collection plates
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Enron:

Ex-Enron prosecutor joins law firm in Washington, D.C.
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Enron Banks That Didn't Settle Ask Court to End Investor Suit
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Credit Cards:

Texas Takes A Stand Against Abusive Creditors
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Banks offer card limits equal to annual salary
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Student Debt:

New York AG widening student loan probe
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Corporate Governance:

Summary of Key Delaware Decisions in 2006
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Timber:

Wall Street vs. Main Street
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PALCO's 'hands tied, but still . . .'
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Utilities:

Countryside Power Income Fund Announces U.S. Court Approval of USEB Settlement
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Best Manufacturing Can Auction Assets
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AlixPartners Creates Co-President Roles to Manage Rapid Global Growth
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UK:

Bankruptcies surge
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Misselling fears over thousands going bust
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Debt crisis as 100000 declared insolvent
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January wages 'spent on debt'
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Fraud investigation takes its toll on Torex Retail
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Chief Reconstruction Officer Steps In to Save Torex
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The tangled tale at Torex Retail that caught the City by complete surprise
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Torex Retail's banks warned against shake-up
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Record numbers declared insolvent
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Liverpool buyer went bankrupt in the US
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IVA firm hit as banks get tough
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Profit warnings hit five year high - Ernst & Young
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Administrations jump by over 25%
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