July 19, 2007

Daily Bankruptcy News

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Law:

V&E starting salary $160,000
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Pay Raise Watch: Is Texas Biglaw Raising -- Finally?
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Associate fears grow as firms stretch leverage
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Firm Boosts Associate Pay, Raises Bar on Billable Hours
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Simpson's "Chow for Charity": Corporate Greed or Good?
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Clients pledge to take tighter look at fees
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Lawyers Get Back on Board
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Anonymous Lawyer
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'Gong Show' Host in Bizarre Legal Battle With Co-op Neighbor
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Retention Is a Midsize Law Firm Priority
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Grads from lower-ranked law schools can get to the big firms, too
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The Data-Centric, Empirical "Law Firms Working Group"
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Blended Trial Team Leaves Egos at Home and Finds Victory in Collaboration
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Say What?!
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2007 Defense Hot List
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Big four secure world-beater status as top 50 breaks £10bn
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End of the road for PEP
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The First Online Law Degree
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Telecoms:

SunRocket Users May Lose Service and Payments
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Amp'd Mobile's Network Threatened
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Health Care:

Diagnosis for NJ hospitals: not good
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Agency may emerge from bankruptcy soon
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The Best Healthcare System in the World
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South Bend hospital considers cuts
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In critical condition
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Economy:

Bernanke: Growth More Subdued This Year
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Fed chief sounds bleak
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Fed chief acknowledges credit fears
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Fed chairman's outlook may be wishful thinking
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Stocks sink amid hedge fund, Bernanke news
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Finance:

CIT Eyes Change-Of-Control Provisions to Bond Debt
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Banking:

Comerica profit falls 2 pct, bad loans surge
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Religion:

Church plans multiple paths to pay abuse bill
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Media:

Defunct USDTV assets yield $125,000
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Predatory Lending:

Ohio prepares indictments on lending
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Corporate Governance:

Trend of Increased Protection for Directors and Officers of Corporations in the Zone of Insolvency
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Autos:

Delphi accepts $2.55 billion investment plan
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Delphi financial plan $1 billion less
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Auto parts maker to close Jacksonville plant
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Tower out of bankruptcy
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Retirees' Health Costs Loom Over UAW Talks
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Ford assumes it is UAW target
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Snow defends private equity's role
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Real Estate:

Warren: Worlds That Never Collide
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Bear Stearns shock waves gain new force
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AAA Grades on Subprime CDOs May Give Cold Comfort
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Subprime pain could get worse
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Syron, Chanos, Faber Say More Losses Coming in Subprime Bonds
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Bernanke warns on housing
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Fed Plans to Tighten Mortgage Rules
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CIT to exit home-lending business
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Bear Stearns' woes not over
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Foreclosures in Austin up fivefold
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Houston home deals fall for second month
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East Bay home sales slowest in years
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U.S. stocks off sharply amid subprime, earnings trouble
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Lehman Denies Subprime Speculation
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NovaStar shares fall as analyst criticizes equity deal
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The Anti-Sheep of Subprime
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Housing starts up 2.3%; permits plummet -- Bad news on the horizon? Building permit activity sinks to 10-year low
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Some Subprime Investors Stay Upbeat, Fear Fire Sales
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Aviation:

Delta's profits soar - just three months after bankruptcy exit
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Airlines: Chapter 11, Part 2?
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Flight attendants learn to live, retire on less
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Alitalia auction hopes hit by political crosswinds
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Enron:

Enron creditors recover $149 mln in settlement
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Retailing:

Buyout firm KKR may be ready to ring up Macy's
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Municipalities:

Meridian: no leniency in Marion's debt
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Accounting:

Lawyers to Judge Kaplan: Unchain Us From this Case!
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Grant Thornton Resigns Usana Account
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Intellectual Property:

All IP Is Not Created Equal
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Tax:

Bill Ends Private Tax Debt Collection
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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), (12)
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Warren: Bankruptcy Judges and BAPCPA
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Corporate Reform:

Global hunt heightens for Black assets - Investigators hired by Hollinger examining more than 40 bank accounts
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The hunt for Conrad's cash
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Debating 'Scheme Liability'
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Scheme Liability
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Refco:

Skadden, Bingham win big on Refco bankruptcy
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Derivatives:

IRS Probes Derivatives Trades at Citigroup and Lehman Brothers
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Slow Start For Exchanges' Credit Products
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Entertainment:

Lawyer for Etheredge: He has 'nothing to hide'
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Wild West vendors face ugly surprise
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Celebrity:

Boy band mogul in Hilton-like isolation in prep for trial
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Deal or No Deal host Noel Edmonds needs a banker over £3m debts
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Philanthropist hit with more lawsuits, involuntary bankruptcy possible
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UK:

Borrowers 'burying heads in the sand'
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Britain The Insolvent Nation
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London Tube Riders Won't Pay for Metronet Collapse
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Taxpayers' £750m is used to keep Metronet alive
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Millions Face 30-Year Debt Level
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The Thorny Issue of Administration Expenses
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Australia:

Basis Capital in creditor crisis talks
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Basis Capital Suffered Subprime Losses in February
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Australia hedge fund warns of investor losses
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I was robbed: Wheatley
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Wheatley jailed after tax fraud probe
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Canada:

Bankruptcy strands design students
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Austria:

Shareholder lobbyist calls for A-TEC's Kovats to take leave ahead of trial
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Russia:

Auction on Sale of Yukos Finance to Be Held on August 15
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Philippines:

Pending Legislation to Expedite Corporate Reorganization in the Philippines
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com