July 20, 2007

Daily Bankruptcy News

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Law:

Beginners' Luck: Firm Raises Pay, But Only for First- and Second-Years for Now
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Pay Raise Watch: Locke Liddell Has Raised
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Pay Raise Watch: Baker Botts Raises in DC
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Perk Watch: Emergency Kits!
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JDs Who Lunch
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Summer Associate of the Day: The Katten Kreep
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Baker & McKenzie announces communist bonus
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Fear and Loathing at BigLaw
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Expanding Law Firm Tests Market With TV Ads
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GCs See Pay Surge With Profits
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BigLaw Associate Goes From the "Fast Track" to In-House to Unemployed
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Judge Kaplan's One-Liner of the Day
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The Law is the Opposite of Sex
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Helping Women GCs Find a Seat at the Boardroom Table
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Rider Bennett files for Chapter 11 bankruptcy
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Kozyak Tropin & Throckmorton is ranked as a Top 6 Bankruptcy Firm
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Mention the President, Lose a Case?
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Corporation Loses Its Attorney, Then Its Case
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Say What?!
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Court Finds Litigator Entitled to 'Success Fee' in Citigroup Case
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How to Bring Associates Into the Law Library
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Telecoms:

Oasys Mobile agrees to sell out in bankruptcy filing
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Oasys Mobile, Inc. to Restructure Operations under Chapter 11
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Sunrocket deathwatch, Day 4: The ugly handoff
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SunRocket: A Lesson in Customer Disservice
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Internet Phone Service Simply Cut Off
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Is Amp'd Mobile's Gig Coming To An End?
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Amp'd Mobile Bankruptcy Costing Verizon $370000 A Day
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Last days of Amp'd
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Mass Torts:

O'Quinn to refund $35.7 million + interest
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Language Not in Fee Contracts Costs John M. O'Quinn's Firm More Than $35.7 Million
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Sports:

King County Royals Suspend Operations
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Banking:

Banks hurt by growing credit losses
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Bank of America surges despite credit downturn
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Citigroup profits jump 18 percent in 2Q
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Bankruptcy Statistics:

Consumer Bankruptcy Rate Up in 3 States
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Number of bankruptcies in Utah up 25% over '06
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Consumer Bankruptcy Rate Rising in Southeast
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Academia:

A U.S. Perspective on the Contextual Terrain of Political Economy in Insolvency Reform
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Student Debt:

Senate passes bill to boost student aid
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Asset Protection:

Pitfalls Of LLC Asset Protection
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Corporate Group Insolvencies: Charting the Past, Present and Future of "Pooling" Arrangements
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Autos:

Ford opens Land Rover and Jaguar auction
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Delphi rejects Highland investment plan
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Delphi's agreement with UAW gains approval
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Is UAW Taking the Driver's Seat?
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UAW, Chrysler to hold contract talks
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Quality Ford files bankruptcy
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New Delphi deal to preserve pension plans
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UAW, Lazard Discussing How To Restructure Retiree Health Costs
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Appaloosa ready to help Dana on bankruptcy
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Shareholder calls Dana investment deal "absurd"
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Collins & Aikman Plastics Operations File for Creditor Protection Under CCAA
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Tower Automotive sweetens pricing on loan
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Chrysler sweetens pricing on loans
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Private equity to pay higher price for done deals
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Lansing Plant Shuts Down, Doesn't Pay Employees
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GM's global sales soar
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Real Estate:

Bernanke: Regulators tackling abusive mortgage practices
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Bernanke says subprime crisis could cost $100bn
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Blunt Talk about Borrowing Standards
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Kara Homes owner objects to plan for builder to emerge from bankruptcy
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Top risk officer for HSBC in United States leaves
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Housing slump, lawsuits hammer Beazer Homes
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CompuCredit invested millions with struggling United Capital
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American Home Mortgage stock plunges
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S&P Slams Subprime Again
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Judge converts Meyer-Sutton bankruptcy to liquidation
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Tighter lending standards make home loans hard to get
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Foreclosure auctions get more homes / Many buyers find 'discounts' -- if they do their homework
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Ripple effect of loan failures
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Shaky ethics of subprime lending leads to shaken investors
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Aviation:

Alitalia's failed sale
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Alitalia Faces Choices
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Mesaba pilots blast $1.1 million for CEO
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United Airlines pilots protest outside company HQ over execs' pay
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Who gets the frequent flier miles?
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Politics:

Bankrupt donor has Dems in bind
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Poverty is key theme for Democrats in '08
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Credit Cards:

Card Charge-offs, Delinquencies Increase at Capital One
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WaMu Charges Off $106 Million in Card Losses
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BofA Card Charge-offs Rise 14.5%
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Accounting:

Pa. court tosses $103M verdict against Ernst & Young
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Carl Marks Advisory Group Oversees Successful Financial Restructuring of Citation Corporation
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Former Sunny Employees Receive Settlement For Back Wages
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Junk bond rout
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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), (12)
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Retailing:

Hancock Fabrics Seeks Ch. 11 Plan Delay
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Health Care:

Tyrone Hospital misses deadline, gets extension
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Bankruptcy administrator targets former CEO
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Senate Committee Wants to Expand FDCPA to Non-Profit Hospitals
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House heath care/bankruptcy hearing
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Corporate Reform:

Federal Judge Holds Off on Brocade Ruling
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Media Mogul Conrad Black to Remain Free on $21 Million Bond
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Nacchio's next stop: Sentencing
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Monster Ex-Chief Accused of Backdating Role
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Crooks with Deep Pockets
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Corporate Malfeasance And The List Of Dishonor
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Mining:

Copper-mining company says it continues to juggle claims
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Asarco reports settling environment disputes
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Religion:

Insurance for Sex Abuse? Carriers to Pick up $227 Million of $660 Million Archdiocese Settlement
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Municipalities:

Placentia may owe millions to state, could bankrupt city
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Economy:

Bernanke Addresses Inflation, Mortgages
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Dow Closes Above First Ever 14,000
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Entertainment:

Auction begins of Wild West World property
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US Judge Approves $50 Million Partial Settlement In Parmalat Case
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Creditors try to force McLean into bankruptcy
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UK:

Edmonds' company goes bust with debts of £3m
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Pound Rises to Near 26-Year High Against Dollar After GDP Data
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Lancashire Catholics plan to close churches as bankruptcy approaches
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Today marks debt day
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France:

Lack of snow closes French ski resort
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French ski resort's closing reverberates across continents
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Australia:

Statutory Debt Subordination: An Appraisal of the North American Experience
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Wheatley is behind bars
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South Korea:

S Korea June Corp Bankruptcies 173 vs 197 In May
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China:

China's central bank raised interest rates for the fifth time in 15 months
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