June 12, 2007

Daily Bankruptcy News

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Aviation:

Alitalia on the verge of bankruptcy
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NWA execs face tough motivational challenge
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$1 flights ground airline's system
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Law:

Generation Y?
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Does It Pay to Make N.Y. Law Firms Pay?
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Are N.Y. Associates Paid Fairly?
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Generation XX
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Attorney attends bankruptcy seminar
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A New Law Firm Model: The Parts Bigger than the Sum?
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Mayer Brown embraces a new culture
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You Call That a Raise?: $190,000 Might Be the New $160,000 in NY
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Pay Raises: Townsend Goes To Town
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Pay Raise Watch: Charlotte
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Lawyer wants rating site Avvo closed
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Convergence Results in Larger, More Costly Law Firms
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Judge of the Day: Bill Mathesius
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What In-House Lawyers Make
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Say What?!
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Lawyers in Love, Beware: What's Done in the Dark Comes to Light on Networking Sites
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Squire Sanders Sues Lawyer's Estate for Loan Repayment
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Firm sues 14 former partners
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Clifford Chance eyes £40m windfall with Canary Wharf rental scheme
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R. 11 and fiduciary duties
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Star NY Litigator Boies Takes On Role of Controversial Director's Defender
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Credit Cards For Legal Services: The Debate Continues
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Lawyer Sues Lawyer Over Chicago Bears Tickets
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Retailing:

Tweeter Files for Bankruptcy Protection
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Tweeter's bankruptcy blues: The high end lets it down
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So what went wrong?
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Dunlaps begins liquidation; owes vendors, bank
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Fraudulent Transfers:

Wichita man held in contempt by bankruptcy court
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Manufacturing:

Global Power: Plan Will Take More Time
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Mass Torts:

NAM joins in amicus brief regarding Ohio deferred docket asbestos case
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Texas high court overturns asbestos injury award
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Predatory Lending:

Maine passes predatory lending law
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Ellison begins his battle against predatory lenders
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Representative seeks tougher laws for Ohio's payday lenders
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Debt Collection:

Keeping the debt collector at bay
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Trustees:

A new tool for obtaining electronic records
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Credit Cards:

Consumer revolving credit edged down slightly in April
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For Troubled Firms, a Flood of Big Loans
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Autos:

Dura seeks relaxation of terms of $300M bankruptcy loan
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Dana Wants to Keep Penske Pact
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Auto Industry Shift May Challenge Midwest
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Ford's anti-bankruptcy sale
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Autoworkers Union Seeks Info From Ford
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Taxpayers may pay part of automakers' health tab
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Real Estate:

Kara Homes Gets More Time for Plan
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Ownit Strikes Ch. 11 Plan Timing Deal
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Trump: $10m for bankrupt golf project
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Lehman CEO Says Economy Won't be Derailed by Subprime Crisis
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Housing Slump Continues: Are Economists Ready For Reality?
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Condo buyers look for exits
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Subprime Hurting Economy in the Strangest of Places?
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Fed ponders mortgage default explanations
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Many jump in as prices fall, mortgage failures rise; others wait and watch
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MA gov introduces mortgage-fraud bill
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Homes cited as too costly for too many
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Home Prices Set To Drop Further, But Long Term Is Positive
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Lajitas gets one more month
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Mortgage appraiser ensnared in growing Cuomo probe
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Housing's New World of Cautious Lending
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Effort to Advise on Risky Loans Runs Into Snag
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Foreclosures: Will banks cut their losses?
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Wall Street:

Blackstone co-founders to get $2.3 bln post IPO
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Environmental:

S. Ct. Court Allows Suits Over Cleanup Costs
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Bankruptcy Reform:

Means Test Held Not to Apply to Converted Ch. 7 Bankruptcies
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Rolling Back the 2005 Law on Student Loans
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Religion:

Defunct "Cowboy Town" to become a central La. church
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Health Care:

Oak Forest Hospital's long-term care to end
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Medical & Other Debts Sends Sailor AWOL
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Debt Collection:

Debt Firms Slammed by Consumer Lawsuits
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Enron:

Bush official not backing investors in Enron case
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Municipalities:

Marion's sewer woes continue
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Bankruptcy solution?
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Food/Drink:

LeNature's case may be tossed
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Media:

Channel 48 dispute back before bankruptcy judge
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Bond buyers turning to loans
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If You're Reading This, Yesterday's NYT Crossword Is For You
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Sea Containers Seeks to Borrow $176.5M
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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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Online Claims Trading
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Auction your Chapter 11 claim to the highest bidder

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Bankruptcy Filing Momentum
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Corporate Governance:

Ruling Makes Bankruptcy Suits Harder
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Gheewalla-Palooza (or, Delaware to Creditors: Drop Dead)
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Pensions:

Court Goes Against Labor in Crown Vantage Pension Case
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Boomers expect to delay retiring
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Corporate Reform:

Fraud Is Up, Despite SOX
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Conrad Black: E-mail threat to show need for protection
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Birthday party was business
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Former Thatcher aide testifies for Conrad Black
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Conrad Black Charges Are Contradicted by Disclosures
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Investors Lose Key Advocate In Case on Financial Crimes
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WellPoint's ex-finance chief, David Colby, who was ousted May 30, was conducting numerous affairs that had become an embarrassment for the company
(WSJ: separate paid subscription required)

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Accounting:

Defendants Seek Dismissal of KPMG Case due to Alleged Government Misconduct
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The judge in the cases against 16 ex-KPMG executives is seeking to ensure fair trials after the firm stopped paying their legal fees
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KPMG gets new chairman
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Student Debt:

Colleges pressed on loan ethics
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Entertainment:

D'Oh, I've Filed in the Wrong Chapter!
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Pearlman sale: Pennies before dollars
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Economy:

29 pct. of firms to add jobs
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UK:

Fear for 20,000 jobs as Jaguar and Land Rover go up for sale
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Kwik Save reopens 20 stores and rehires staff
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In Britain, insider trading but no penalties
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UK mulls blanket ban on unfair commercial practices
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U.K. Financial Regulator Eyes Buyout Shops
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Just 10 days to declare offshore accounts
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Germany:

Kirch files $2.1 bn suit against bank
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China:

China's Bankruptcy Big Bang
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English Translation Of China's New Enterprise Bankruptcy Law Is Now Available
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Japan:

Japan May Corporate Bankruptcy Cases Up 39.0% On Year
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