July 5, 2007

Daily Bankruptcy News

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Aviation:

Delta's stock slow to take off
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Airlines' Fewer Seats May Boost Fares, Shares in US Market
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Law:

As Firms Grow, Who Can't Afford to Stand Still?
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Weil Gotshal to protect European partners from sliding greenback
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Clients unhappy about the rates charged by firms should be pointing the finger not at the training costs of associates but partner draws instead
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White & Case scores key German bankruptcy role
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Is He General Counsel or Isn't He?
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Linklaters tops $2bn mark as PEP hits Wall St levels
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3rd Circuit Panel Reverses Lawyer's Disqualification For Communicating With Defendant's Employee
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Fashion Poll: The Ladies' Turn
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Minorities Are Props Props at Greenberg Traurig?
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Clifford Chance opens $2m fund to launch Clifford Chance Foundation
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NY Partner Earns $2.7 Million, Files No Tax Returns
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Boston Judge Criticizes Conduct of U.S. Prosecutor
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Yankee Doodle Came to Town, Just to Throw 'Round Money
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Howrey's First-Year Texas Associates Earn $160,000
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More Law Firms Touched by Tax-Shelter Investigation
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Say What?!
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Credit Cards:

Client records stolen, sold off
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Credit card delinquencies at 13-year low
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Credit Cards: Is Enhanced Disclosure Enough?
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Corporate Reform:

Black Jury Ends Deliberations for Day Without Verdict
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Bush's Commutation & the Federal Sentencing Guidelines
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Retailing:

Hancock hires new accounting firm
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More Americans fall behind on debts
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Autos:

GM, Ford, Chrysler Sales Drop in June
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Toyota, Honda, Nissan Lead Asian Carmakers to Record US Share
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Auto Sales Reveal Industry Trends
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Chrysler to Add Chinese-Made Car in US Next Year
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Delphi UAW jobs to drop, rebound
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Real Estate:

MILA files for bankruptcy protection
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MILA Wants Trustee to Oversee Ch 11 Case
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Mortgage Mess Shines Light on Brokers' Role
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Landlord of low-income properties faces bankruptcy
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Homeowners sue Beazer Homes for fraudulent tactics
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Toxic loans 'designed to fail' spur harder line
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Aegis founder takes mismanagement claims to court
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The number of homes listed for sale in 18 major metropolitan areas continued to grow, rising 2.5% in June from May
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Congress sets its sights on brokers
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Telecoms:

Amp'd and Verizon reach deal
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Celebrity:

Germany will get more intense scrutiny in search for Pearlman assets
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Exemptions:

$125000 Cap of 522(p) is Stackable in Joint Case
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Entertainment:

Falling through the creditor cracks, Movie Gallery
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Enron:

Though it is only a shell of its former self, Enron still can't get it right for former employees.
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Health Care:

Texas firm submits offer for Kessler
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Hedge Funds:

Hedge Funds: Bank Wannabes?
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Hughes Watters Askanase Attorneys to Speak at Bankruptcy Seminar
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New Bankruptcy Opinions
(3 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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Economy:

U.S. consumers are struggling; signs are all around
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US June Job Cuts 55,726, Down 21.6% From May
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Second Quarter Bankruptcies Rise 11.6%, Lundquist Reports
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Over and Over Again
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UK:

U.K. Subprime Lenders' Practice Is "Poor," FSA Says
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Britons Drowning in Personal Debt
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Penicuik Windows in receivership
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UK's FSA starts enforcement action against 5 subprime mortgage firms
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The Bank of England lifted key interest rates by a quarter of a percentage point to 5.75%, the fifth increase in less than a year
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Families face mortgage hell
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Taxman to 'raid' bank accounts
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New Zealand:

Bankruptcy becoming more common
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Bridgecorp collapse spreads to Australia
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Vietnam:

Fraudulent partners leave some firms on verge of bankruptcy
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Canada:

Bankruptcy looms for Winnipeg outfitting store
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United Army faces possible bankruptcy
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Furniture Direct final sale prepared
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Italy:

Parmalat May Spend $1.4 Billion on Acquisitions
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New Parmalat Loses Its Bid to Dismiss Old Class Action
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China:

China to deny bank loans to polluters
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