March 5, 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:

US Airways' new computer system creates logjam
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US Airways says passengers can expect further kiosk problems
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Northwest shareholders wonder of possible merger
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Northwest asks court for time
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Pilot deal may help Comair
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Thousands of BA customers have flights cancelled
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Short of cash and under pressure from its bank, FlyMe shuts down
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Law:

Is Raising Salaries the Best Way to Retain Associates?
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Mayer Brown 'De-Equitizes' 45 Partners
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Law Firms' Corporate Groups Enjoy the Boom but Plan for the Bust
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Dewey in Talks With Italian Firm
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Competition, Mergers Fuel Rise in Firm Marketing Budgets
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2nd Circuit Upholds Attorney's Conviction for Forgery
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Timber:

Palco bankruptcy fallout hinges on timberland's value
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Health Care:

Tyrone Hospital bankruptcy leaves pension questions
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Kahuku Hospital files for bankruptcy
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Kahuku Hospital Files Chapter 11 To Avoid Shutdown
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Doctors board to discuss CEO contract
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Real Estate:

Mortgage Specialist Accredited Hit With Delinquent Loans
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Bank exec feels she took fall
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Lenders haven't gotten the joke
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Judge appoints trustee to oversee Dwek reorganization
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More subprime problems: HSBC takes $10.6B hit; New Century investigated
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Mortgage Crisis Spirals, and Casualties Mount
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Rising Foreclosures
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New Century's Fate May Depend on Wall Street Funding
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New Century Said To Be Facing Bankruptcy, Possible Liquidation
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Mining:

Judge vacates tax-refund order
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Jordan Wins First Round in WorldCom Suit
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Ex-WorldCom chief's appeal denied
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Autos:

Blackstone in hunt for Chrysler
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Kiss the American Auto Industry Good-Bye (as We Know It)
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Yucaipa Cos. to Take Over Allied Holdings Under Bankruptcy Plan
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Banking:

HSBC 2nd-Half Net Falls Less Than Analysts Estimated
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Mass Torts:

Law firm says jury returns verdict vs. GM, Ford in asbestos case
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Jury: Merck Was Negligent, Committed Consumer Fraud
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Utilities:

Rate freeze could prompt ComEd to seek bankruptcy
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ComEd bankruptcy could be disruptive
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Mirant in the black
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Religion:

Parishioners feel uneasy about diocese's troubles
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Gag order stays on archdiocese case
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Diocese honest enough to admit it's about the money
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San Bernardino bishop says church fund won't go to abuse claims
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General creditors often get nothing
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Entertainment:

4 creditors hit Pearlman with bankruptcy petition
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Boy Band Promoter Files For Bankruptcy
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Hard Times, Easy Credit and the Era of Predatory Lenders
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Movie and book warn of our debt-fueled culture
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Tax:

IRS' staff cut raise concerns about audits
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Municipalities:

Vallejo awash in red ink
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Oft-flooded town is near bankruptcy
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Accounting:

Research in Motion to restate results
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Aon Restates over Options Issues
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BDO Seeks Mistrial in Fraud Case
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Cleaning up a consumer lending mess
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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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Lawyers ready for a boom in bankruptcy
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US Business Bankruptcies To Increase By 12% In 2007
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Corporate Reform:

No End in Sight for Abramoff Investigation
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Lord Black: Unabashed, unbowed
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Homing In On Trading Abuses
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SEC sues over insider trading in TXU buyout
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Economy:

US severe poverty highest in three decades
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Wall Street braces for bumpy ride
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Credit Cards:

Credit card move only part of bid to woo Hispanics
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Textiles:

Malden union rejects contract, 70 will lose jobs; Larger union accepts
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Blog the Debt Away
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Young adults can get help in dealing with credit
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How to beat bankruptcy
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No More "Allowances" for Kmart, Vendors
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Foretravel sues former owners, claims financial misrepresentation
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Comparison of Parametric, Semi-Parametric and Non-Parametric Methods in Bankruptcy Prediction
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UK:

Reduction in number of IVAs reflected in latest figures
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Russia:

Gazprom Neft Shares Loaded with Assets
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Citizen Bankruptcy Law to Be Adopted in Russia
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Russian court sentences former Yukos executives to prison sentences
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Australia:

Elliott returns from bankruptcy
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$5b collapse: hunt for missing millions
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Thailand:

'Sue for bankruptcy if iTV misses deadline'
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