February 23, 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:

Service in the air ... and on the tarmac
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Airlines say they will review service plans
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Judging JetBlue on how well it responded to the stranding crisis
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JetBlue's "customer bill of rights" plan worries industry rivals
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Western Airlines founder resigns
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Law:

Survival of the Squatters
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Fulbright Apologizes for Remark at Duke Training Interview
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Merger Helps Firm's Revenues Grow by 16 Percent, Raises Associate Salaries
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More Philadelphia Firms Raising Salaries
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Law School to Simulate Big-Firm Environment
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Judge Rules OJ Simpson's Earnings Should Go to Goldmans
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Jury Finds Against Microsoft in $1.5 Billion Patent Dispute With Alcatel-Lucent
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Waves of Change Bring Big Payday
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Paul Hastings Increases Secretary/Attorney Ratio
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Six King & Spalding NY Partners Join McKee Nelson
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Pillsbury Wants Back Its Dough
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Ex-Professor Prevails in Defamation Suit Against Former Law Student
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Say What?!
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Firm offers $20k recruitment bonus (let's split it)
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Mayer Brown imposes morning registration
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Stoel Rives Sees Partner Departures
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Colossal mess up by Orrick lawyer
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Leaving Your Legal Career Far Behind
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Memo chastises filthy lady lawyers at DLA
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Real Estate:

ResMae's Collapse May Signal More Subprime Lender Bankruptcies
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Mehta resigns from HSBC after rise in bad debts on US home loans
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Queen Mary Leasehold Placed on Market
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Bankruptcy Court takes on Dwek case, orders trustee
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Consumer Groups Say It's Time to Reclassify Risky ARMs
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Lowe's reported that quarterly profit fell 12%
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Economy:

Jobless Claims Decline by 27000
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Enron:

Houston judge denies motion to delay Enron $40B lawsuit
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Entertainment:

Tower Web site on block
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Court grants Lionel extension to file Chapter 11 plan
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Concern Raised After Cab Company Owner Goes Missing, Bankruptcy Filing Next?
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Autos:

Private equity firms eyeing Chrysler
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Chrysler workers, dealers shaken
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LaSorda: Chrysler 'here to stay'
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DaimlerChrysler plans to offer detailed financial information about Chrysler selectively, as it discusses a sale of the division with potential buyers
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Ford warns of difficult transition as thousands of workers leave
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Delphi says accounting-related legal problems cost it $19M
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Delphi, insurer at odds
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Hedge Funds:

The Bankruptcy Development That Has Wall St. Worried
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Current Hedge Fund Rules Work, Regulators Say
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US hedge funds face new guidelines
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Hedge Fund Payback Time
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Food/Drink:

Souper Salad gobbles up Grandy's Restaurants in bankruptcy court
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Pittsburgh Brewing moves closer to exiting bankruptcy
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Sports:

Hearing scheduled in NYRA bankruptcy
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Does NYRA really own the three race tracks?
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State weighs $50M NYRA bail out
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Boxer in court over tax bill
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Credit Counseling:

Secrets of Debt Counselors
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Anna:

Judge Speculates About Anna Nicole Smith's Problems
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Akerman Attorney Is 'the Calm' in Media Storm Over Anna Nicole Smith Case
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Judge Larry Seidlin: Future Star of His Own Show?
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Timber:

Let it not be said that there is no good coming out of the Pacific Lumber bankruptcy
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Religion:

Bankruptcy trustee disputes billing by attorneys for Diocese, victims
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Priest abuse case lawyers meet for six hours in LA
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Results of sex abuse lawsuit settlement talks unclear - diocese getting bankruptcy petition ready
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Credit Cards:

The Problem with Credit Card Penalties
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Debt Collection:

More Debt Buyer M&A Deals in '07
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Pearlman, staff knew 'end was near' in 2006
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Trans Continental A Money Funnel, Report Says - Harsh words are being used to describe the situation at some of businessman Lou Pearlman's companies
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New Bankruptcy Opinions
(No new opinions 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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Unwinding the Deal when Bankruptcy Looms
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Palindrome for a Silly Case? A Marrama
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None Too Pleased With The "Bad Faith" Debtor: US Supreme Court Rules There's No Unqualified Right to Convert from Chapter 7 to Chapter 13
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Loan Charge-offs Fall, Recovery Rate Rises
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Health Care:

Doctors Hospital files bankruptcy
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Hospital up for sale after filing for bankruptcy - Facility owes more than $10 million to nearly 1,000 creditors
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Insurance:

Scottish Re's choice: Accept bid or file for bankruptcy
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Pensions:

Jury sides with Montana Power retirees -debtor failed to send notice of contract rejection - punitive damages to be awarded
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Risky lending impact could reach pensions
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Corporate Reform:

HomeGold: Sheppard ready to appeal conviction
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Bankruptcy Crimes:

Texas woman pleads guilty to forging bankruptcy judge's signature
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Corporate Governance:

Board Members and Duty of Care: How Many Hours Should a Board Member Spend Preparing for Meetings?
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Chapter 13 Trustee Opening
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National Consumer Bankruptcy Project Conducting New Research
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Debt-market bomb could hurt us all
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UK:

Lloyds TSB profit rises 12%; bad debt charges up
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'UKIP facing bankruptcy over donations'
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Australia:

Bankrupt's huge debts
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Canada:

Bankruptcies in Canada continued downward trend in 2006
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Bankruptcies fall - even for factories
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Bankruptcies tumble, but trend may not last
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Italy:

Shareholders back chief executive in Capitalia battle
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