July 18, 2007

Daily Bankruptcy News

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Law:

Kirkpatrick Gets Bankruptcy Partner From Greenberg
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2007 GC Compensation Survey: Bonus Round
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Pay Raise Watch: What's Up With Baker & McKenzie?
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Retainers: Mid-Sized Firms Aim to Straighten Out Associates' Issues
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What's In a Name?: From Law School Grad to Law School in Just $25 Million
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At the High Court, Sometimes It's Personal
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Federal Prosecutors Fire Back at Milberg Weiss Defendants
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Attorneys in Rudy firm buck boss
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Say What?!
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Large Firms Should Job-Share for Work-Life Balance
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Economy:

US June Producer Prices Unexpectedly Fall
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Saving the golden goose: preserving America's middle class
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Dollar wilts as subprime issues weigh
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U.S. stock futures down on subprime
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Retail sales take sharp plunge
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Food/Drink:

Interstate Bakeries CFO resigns
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Fitness:

Bally Total Fitness Receives Forbearance Extensions Through July 31, 2007
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Refco:

Refco Bankruptcy Consultants Earn $171M
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Golf:

Trump buys bankrupt Running Horse course for $30M
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Fresno Officials Hope Trump Can Lure Developers to Area
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Health Care:

Warren testifies before Congress about medical-related bankruptcy
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Illness And Injury As Contributors To Bankruptcy
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Rukavina: Hearing on Working Families in Financial Crisis: Medical Debt and Bankruptcy
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Statement of Donna Smith to the Subcommittee on Commercial and Administrative Law of the House Committee on the Judiciary Hearing on Working Families in Financial Crisis: Medical Debt and Bankruptcy
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Warren: Medical Bankruptcy - Middle Class Families at Risk
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Statement of Clifford White, Director EOUST
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Statement of Todd Zywicki
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Ailing workers sue for 9-11 aid
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Mayor rips suit by ailing 9/11 victims
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Just Go to the ER
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Corporate Reform:

Fraud cases nab scads of corporate heads
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Brocade, Reyes, and Sonsini: Er, uh, never mind
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Banking:

Doral Financial Shareholders Approve Buyout
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The Cost of Borrowing Moves Up
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Autos:

Chrysler Forced to Pay Higher Rates on Buyout Debt
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Cerberus sweetens Chrysler debt sale
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Who Wants Volvo?
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Federal-Mogul posts profit on sales gain
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After Years of Labor Gains, Autoworkers Face Losses
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Telecoms:

Internet Phone Company Halts Operations
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Line Goes Dead for a Web Caller
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Chemicals:

Solutia bondholders insist on details about Monsanto pact
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Insurance:

Life insurance on the line
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Aviation:

AP Holding pulls out of Alitalia bidding
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Southwest offers buyouts to workers
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United unions to picket again
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Real Estate:

New Century Creditors Back Probe of KPMG
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Edwards urges crackdown on risky loans
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A slowdown in the cost of home ownership reflects fundamental features of the housing market, new research suggests
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Riskiest U.S. Housing Markets
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2 Bear Stearns Funds Are Almost Worthless
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The American dream won't be foreclosed by a nightmare
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Legal profession prospers this year as builders struggle
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What Happens When the Boom Goes Bust?
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Subprime Shakeout Not All Bad News
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NovaStar deal may not help subprime lender survive
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Risk of Subprime Mortgage Bonds Jumps to Record for Second Day
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Fed, states to monitor subprime lenders
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Foreclosures Bloom at Corner Of Prosperity and Gullibility
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Lone Star pushes back deadline for Accredited
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Hedge Funds:

Bear Stearns Warns Hedge Fund Investors of Total Loss
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Standard & Poor's Puts Australia's Basis Capital Funds On Hold
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Enron:

Former SEC Officials Enter Securities Case
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The little utility that took on Enron
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Enron Settles Portion of Commercial Paper Action
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Food/Drink:

RJ Gator's, in Chapter 11, stuns workers by closing 2 stores
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Student Debt:

Sallie Mae defends its student loan practices
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Anthrax scare locks down Federal Courthouse
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New Bankruptcy Opinions
(2 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), (12)
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Avoiding Bankruptcy: Hang On To Your Bootstraps!
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Paper:

Marcal settles EPA's claim in bankruptcy court
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Accounting:

A KPMG Defendant Who Zigged When the Others Zagged
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U.S. Attorney to Appeal Dismissal of Charges in KPMG Case
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Tax-Shelter Trial Is Delayed
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Companies Respond to Big Four Pressure
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Student Debt:

Sallie Mae 2Q Earns Up 33 Percent
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Layoffs:

Numerous states try to address plant closings
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Tax:

House Panel Pondering Private Tax Collection Ban
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Senate Committee Passes Bill Cutting Funding For IRS Private Collection Program
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Religion:

Church at crossroads
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Attorneys for church, victims debate impact of Los Angeles settlement
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A shameful day for justice and Catholics
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LA settlement increases pressure on San Diego priests
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US credit investors recoup appetite for risk
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UK:

Leading providers of IVAs agree to 20% cut in fees
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Changes to IVA acceptance criteria
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Metronet Going Down The Tube
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Boots default swaps widen
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Austria:

A-TEC chief executive to face charges of fraudulent bankruptcy
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Canada:

United Army's fate on the table
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Mystique Energy cuts deal to sell assets for $19M
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Australia:

Subprime problems to spread in Australia
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Japan:

Scandal-hit Meat Hope to begin voluntary bankruptcy procedures
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