March 23, 2007 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Bankruptcy News on the Internet 

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

Hedge funds file disclosures
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Mesa loses as judge keeps Aloha suit alive
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Law:

Firm Wins Award for Chapter 11 Reorganization of the Year
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Eckert Seamans Expands in Philadelphia, Adds Nine Bankruptcy Attorneys from Adelman Lavine Gold Schildhorn and Kleban
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Phila. bankruptcy firm to close: most lawyers joining Eckert Seamans firm
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Four Del. Firms Raise First-Year Salaries to $145K
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The growing pack of lawyers who are getting rich making life miserable for the world's museums
(WSJ: separate paid subscription required)

Leader of Weil's National Appellate Practice Leaves for Boutique
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Freshfields associates issue 10-point wishlist
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Mid-Market Firm Seeks Direction in Wake of Client Ameriquest's Woes
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Say What?!
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GE Overhauls Outside Counsel Roster
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Metadata Minefield - Opinions disagree on whether it's ethical to look at hidden electronic information
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Senate Panel Authorizes Subpoenas of Rove, Other Top White House Aides in Prosecutor Firings
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Fired US Attorney Was Touted for Judgeship by DOJ Official Just Before Being Axed
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If You're Tired of the U.S. Attorney Mess, Don't Read This
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Axed US Attorneys Scored Well in Prosecution Stats
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New law school course teaches the virtues of "eat what you kill"
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Bracing for Bargainhunting BigLaw Clients
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Economy:

US Initial Jobless Claims Fell 4000 Last Week to 316000
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Key index sees shaky growth
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Entertainment:

Britney still worth $ 100 million despite bankruptcy fears
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Credit Counseling:

Mortgage problems boost rolls for credit counselors
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Textiles:

Malden Mills creditor panel seeks OK of GE Capital settlement
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Layoffs:

Mass layoff events and initial claimants for unemployment insurance, March 2003 to February 2007, seasonally adjusted
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Credit Cards:

Card Charge-offs, Delinquencies Rise in January
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Autos:

Bankruptcy judge okays executive pay
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Auto supplier Delphi to consolidate 7 research centers
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A Takeover Road Less Traveled
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Chrysler's fate likely private equity
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The Case of the Upside-Down Trade-In
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GM is giving stock bonuses to CEO Wagoner and other top executives for the first time since 2003, a move that could complicate talks with labor unions this year
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Exemptions:

9th Circuit Ruling Opens Way for Pension Garnishment
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Corporate Reform:

Prosecutor Suggests Cutting Jack Abramoff Sentence
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Manager: Black firm took $14 million
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Black hoped to quell shareholder revolt
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O Canada! Black Trial Stirs Interest, Pique Back Home
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The Conrad Black Trial: Spotlight on the Lawyers
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Black's lawyer grills first witness in fraud trial
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Black's successor says he took no-frills approach to exec position
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Conrad Black Stands Trial for Criminal Arrogance
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"This Is Not Enron"
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Retailing:

Tweeter Closing 49 Locations In Restructuring
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Hancock creditors face April deadline
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Utilities:

Illinois Senate committee approved proposal to rollback electric rates
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ComEd threatens to sue over rates - Power company says a rollback, freeze would force utility into bankruptcy
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Bankruptcy Crimes:

Deliberations will continue in the federal bankruptcy fraud trial of Madison County lawyer
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Sports:

SC National golf course may be sold
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Asset Protection:

Another Asset Freeze Stops Asset Protection Move
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Tax:

US to increase personal audits, increase unpaid tax collection efforts
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Tecumseh Products files bankruptcy in Brazil
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Busted Bankruptcy Lawyer Goes Bust
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Why the debt bubble hasn't burst
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New Bankruptcy Opinions
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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)
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Blackstone's Real Estate Generates Higher Return Than LBO Funds
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The Logic and the Timing of Taking Blackstone Public
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Bankruptcy Reform:

Blip, or bona fide bankruptcy bust?
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Accounting:

FASB Moves to Nix "Cash Equivalents"
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PwC reveals US partner profits
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Corporate Governance:

Corporate Law Insights By Delaware's Chief Justice
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Real Estate:

New Century Hires Bankruptcy Adviser
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New Century sees $46 mln loss from Barclays pact
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The Subprime Loan Machine
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Subprime Loan Saga Might Hold Surprise at the End
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Mortgage Funding on the Chopping Block - As the Senate holds hearings on the subprime lending crisis, H&R Block announces that funding for its mortgage loan unit has been cut nearly in half
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New Century gets $900 million break
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Greenspan blamed for subprime crisis
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Fed Says It Could Have Acted Sooner on Subprime Rout
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Business Professors Say Subprime "Bailouts" A Bad Idea
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Subprimes: Regulation Not Legislation
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Blame flies for high-risk mortgage meltdown
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Fraudulent lenders blamed for US crisis
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KB Home Sees Tricky Times Ahead
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Trying Times Mean More Business for Strategic Lenders and Real Estate Developers
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Museum explores bankruptcy protection
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Surviving another's bankruptcy
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Minority Entrepreneurs in Bankruptcy
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UK:

Judge to decide the strange case of too many Drifters
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Russia:

Russia's fallen YUKOS - what's up for grabs?
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Australia:

Travel chain folds after accountant declared bankrupt
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