January 3, 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:

The largest U.S. airlines are ready to report their first annual profits since 2000, and 2007 results could be even stronger
(WSJ: separate paid subscription required)

Flying Gets Rough on Regional Airlines
(WSJ: separate paid subscription required)

Mesaba investor wants a say in NWA deal
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Air Madrid confident in selling troubled airline
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Law:

Steptoe launches in Chicago with pre-merger swoop
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D.C. firm expanding with Chicago office
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Jenkens & Gilchrist's Los Angeles/Pasadena Financial Services Group Moves to McGuireWoods
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The Law-Firm Brain Drain
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Lawyers, Fun & Money
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Are Federal Judges Underpaid?
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The Apprentice: The Lawyers' Edition
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Court Nixes Brief Because Ex-Judges Called Themselves Judges
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Reed Smith Richards Butler completes merger
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Pitney Hardin merger with Conn. law firm complete
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Top Dewey M&A Partner Decamps to Weil
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Dewey: More Merger Missteps?
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Curtis wins rare Clifford Chance management election
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More Pre-Merger Bankruptcy Departures for Dewey
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The Longest Law-Firm Name Ever?
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Duane Morris Seeks New Trial Over Alleged Bankruptcy-Related Conflict of Interest
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Why Most Document Retention Policies Are Ineffective
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Suspension Recommended for Attorney for Allegedly Inflating Resume
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Corporate Reform:

The Apple iWash: Steve Jobs's premature exoneration
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The Steve Jobs Defense -- The unexplained departure of Apple's general counsel
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Options expert on Apple's backdating disclosures
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Questions Linger After Apple Clears Jobs
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Apple trying to avoid a train wreck
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Where Were the Lawyers?
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Relief all round as sheriff of Wall Street finally rides out of town
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Changes in Defending Corporate America
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Retailing:

Sears Holdings: A Baby Berkshire in the Making?
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Debt Collection:

Lender's Attempt To Intimidate Consumer Triggers Increased Liability Under FDCPA
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Dry Spell In Bankruptcy Filings Expected To End In 2007
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2006 Buyout Wave Is Default Blowout of 2007
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Radnor Holdings seeks to end lease and CEO employment contract
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Autos:

GM faces new pressures after year of deep cuts
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Auto makers are expected to report as much as a 6% decline in December U.S. sales on Wednesday
(WSJ: separate paid subscription required)

Ford seen still in crisis but pessimism wanes
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Real Estate:

Big home builder expects quarterly loss
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Mortgage Lenders Network Halts Loans as Housing Slows
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A term not bandied about since the days of high interest rates
(NYT: separate free registration required)

Ex-HomeGold CEO Sheppard wants charges tossed
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Price of Manhattan apartments up to more than $1.1 million
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19 States Issue Alert On Mortgages
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Demise of Ownit Mortgage hits home
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Pity the Poor Mortgagee
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KB Home: buyout or bankruptcy bound?
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U.S. Home Loan Demand Rises Despite Higher Rates
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Economy:

Dollar May Weaken on Concern US Manufacturing Failed to Grow
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Fed Could Pull Off a Perfect Landing
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The U.S. economy is poised to shake off the housing slump and regain momentum by year's end, according to a Wall Street Journal survey of economists
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Investors approach 2007 optimistic as the Fed seems to be done raising rates and the economy so far is out of recession -- But skeptics think the bullishness goes too far
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It's the Year to Keep an Eye on Paychecks
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Media:

Court Allows Suit Against Air America
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Student Debt:

Loan deal could set precedent
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Accounting:

The New 19th Hole -- Are you a retired auditor? The PCAOB wants to share your tee time
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Hedge Funds:

Galvin sees wider hedge fund worries
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UBS Lease of Office Space to Hedge Funds Probed
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Health Care:

Hoboken council to vote tonight on $52M hospital bond to avoid bankruptcy
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Layoffs:

Philadelphia Inquirer begins layoffs
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Kenworth to lay off workers
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Hedge Funds Win $1.2M From Refco
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Refco Emerges From Bankruptcy
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"Bridge Equity:" In a Flood of Cash, Somebody's Going Under
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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)
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Judge Rebuffs Clifford Chance's Bid to Recover Costs of Brobeck Settlement
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Adelphia Bankruptcy Judge Approves Creditor Plan
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Telecoms:

BenQ Mobile on the Edge of Liquidation
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IG Metall hopes insolvent BenQ Mobile will be saved by potential investor
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Enron:

Enron ripe for resolution in new year -- Several loose ends remain from the aftermath of the 2001 collapse
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Former accounting chief begins prison term for securities fraud
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Oil and Gas:

Bio-Willie sings the blues
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Darwin Deason caught up in national stock options scandal
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Credit Managers' Confidence Plummets
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Companies Face Big Lender Risks With Late SEC Filings
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Good Faith, Care, and Loyalty in Delaware
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Sale Of Durango's Property In Georgia Completes Bankruptcy Asset Disposal
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AMTROL Inc. Receives Court Approval of First Day Motions
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Lee family fights bankruptcy plan that could cost it jobs
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Driving Towards National Bankruptcy
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UK:

The reform of bankruptcy law may have exchanged one excess for another
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'Everything went down to zero very fast. It was quite a shock'
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30,000 'set for insolvency'
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£1.4bn written off as debtors make a deal
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Students 'distraught' as Academy Drama School goes bankrupt
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Crisis-hit Little Chef facing £10m sell off
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Little Chef said set for rescue deal
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f

Boom in going bust is helped by banks
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Investors offer Little Chef a £10m rescue package
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Italy:

Capitalia suspends board member over Trevitex affair
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Parmalat Is Seeking Acquisition Offers for Parma Soccer Team
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Parmalat reaches 'satisfactory' settlement
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Australia:

50 per cent of local councils face bankruptcy
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Korea:

Daewoo Elec lenders likely to reject Videocon
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