February 28, 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:

Unions predict up to 10000 jobs could go at Airbus
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Delta taps former BellSouth spokesman as its communications chief
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Judge Approves Northwest Purchase Of Mesaba
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Airline union to plan strategy
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Union says USAirways skirted arbitration rule
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Delta gets court OK to make $70M payment to benefit plan
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Law:

Firm Bidding for Blue-Chip Status Taps NY Veteran to Lead Global Practice
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A Report on a Business of Law Report
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Young Lawyer Jumps Off the Goldstein Track, For Now
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Firms Hire Nonpracticing Lawyers in Manager and Support Roles
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Former McAfee GC Indicted Over Stock Options
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Summer Hiring Heats Up
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Heller Ehrman Adds Five to London Office
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Plaintiffs' Lawyer Creates Buzz Over Venue-Shopping
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Dallas firm Jenkens & Gilchrist could face dissolution
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Four Litigators Leave Jenkens for Porter & Hedges
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Prominent Fla. Lawyer Battles Ex-Employee's Claims of Adultery, Stalking
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Why Are the Justices Popping Up All Over the Tube?
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Say What?!
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Real Estate:

Ameriquest says in negotiations with possible "partner"
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Freddie Mac to Clamp Down on Risky Loans
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US Existing Home Sales Rose 3% in January to 6.46 Mln Rate
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Housing Worries Linger Despite Jump
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Auction planned for Kara homes in six developments
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Subprime Game's Reckoning Day
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Anatomy of a failure - Inside the Silver State Mortgage collapse
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Brasota customers deal with fallout
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Risk Returns, Not Just to the Subprime Market
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US Mortgage Crisis
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Home Depot sees profit falling in 2007
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Massachusetts Sets Record High in Foreclosures
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Student Debt:

Credit card offers flood student mailboxes
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Religion:

SD Catholic diocese files for bankruptcy
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Complex legal issues will accompany filing
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Statement from plaintiffs' attorney
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Bankruptcy Decision Could Come Soon From Diocese
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Banking:

Nothing In Reserve at Commercial Banks
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$40 Million Offer Made On Pearlman's Church Street Property
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Autos:

Delphi reports $5.5 billion loss
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Delphi 4Q Loss Widens; More Losses Likely
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Company Winds Down, but Fees Live On
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Chrysler employees get $100,000 buyout offers
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Still in millions, DCX execs' 2006 salaries fall
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Ex-auto execs back in demand as bidders line up for Chrysler
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Mongolia, Prone to Crises, Beats Ford in Bond Market
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InPlay Technologies Receives Court Approval of $7.5 Million Claim in Delphi Bankruptcy
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Dana retirees fight trimming of benefits
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Economy:

US February Consumer Confidence Rises to 112.5 From 110.2
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Orders for Durable Goods Drop Sharply
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Subprime "shock" will likely keep Fed on sidelines
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Many Americans not ready for a rainy day
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Multiple Causes In Market Meltdown
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Economy appears headed for a period of turbulence
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So, How Insecure Do Americans Really Feel?
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Investors Still Hang On Greenspan's Every Word
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Pensions:

Airline, auto industries: Pension Protection Act leaves door open to bankruptcies, mass payouts
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States' Pension Shortfalls Widen
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Montana Power retirees seek voice in NWE hearing
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Textiles:

Malden workers must face economic reality
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Tax:

Court sides with Asarco in tax-sharing agreement
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Health Care:

Published reports aren't stating the truth about Kessler Hospital, says nurse
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Doctors' Hospital owner's sentencing rescheduled
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Moore hospital staff, doctors 'relieved' by news of sale
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Trade Group Crafts Ethical Guidelines for Healthcare Debt Collectors, Buyers
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Insurance:

Former Spitzer Unit Chief Peters to Head NY Liquidation Bureau
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Corporate Reform:

Adelphia Founder Pays $530 Million In Fraud Claim
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Are Their Sentences Too Long?
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Convicted former Cendant vice chairman denies he's hoarding cash
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Non-Lawyer Found To Have Violated Bankruptcy Code For Providing Web-Based Bankruptcy Petition Software To The Public
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Former Congressman Jailed By Bankruptcy Judge on Contempt Charge
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$600,000 civil settlement coming in Eimicke case
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Boy Bander Pearlman Ripped Us Off, Kin Say
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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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5-4 US Supreme Court Majority Extends a Bankruptcy Court's Power to Curtail a "Bad Faith" Debtor's Seemingly Absolute Rights Under the Code
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Buying Distressed Assets Under §363 of the U.S. Bankruptcy Code
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Sports:

Betting Hub Claims NYRA Should Pay Out Wagering Payoffs
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Photography:

Low-priced photo portrait studios closed
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Anna:

Judge Makes No Ruling on Custody of Anna Nicole Smith's Baby
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Appeals Court to Consider Anna Nicole Smith Burial
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Anna Nicole's Boyfriend Responds To Ruling Over Body
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Mining:

Asarco seeks OK for buyback: Wants Bankruptcy Court to let it regain key mill at Mission mine
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Utilities:

Mirant set to sell Swinging Bridge Dam, other holdings
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Retailing:

CompUSA says 126 stores to close
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Accounting:

Restatements hits another record in 2006
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Education:

As business school went bankrupt, she plundered it
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Mass Torts:

R.I. judge: Paint makers must clean lead-risk sites
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Legal Imperialism
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Flight to Safety of Treasurys Knocks Junk Bonds
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Clinton in-law fights claim filed in bankruptcy court
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UK:

Herbies digs in for Eurotunnel
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High street risks highlighted by Atradius
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HBOS Says Lending Margins to Decline; Shares Drop
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Russia:

Foreigners Flocking to Yukos Carve-Up?
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Austria:

EU clears sale of Austria's troubled BAWAG bank to Cerberus consortium
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Japan:

Corporate Restructuring in Japan: Who Monitors the Monitor?
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