March 7, 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
Search prior headlines: http://bkinformation.com/PriorEditionsSearch.html
Search prior New Opinions: http://bkinformation.com/NewOpinions_Search.html
         

Aviation:

Court decision over Northwest Airlines could deter hedge fund activity in bankruptcy cases
(DBN Subscription Required)

Northwest issues $32.6 million in profit-sharing to employees
(DBN Subscription Required)

NWA pilots want better profit sharing
(DBN Subscription Required)

Bankrupt Delta's belt-tightening to cost 700 jobs in Vancouver
(DBN Subscription Required)

Tentative agreement is reached in Delta Cincinnati lease
(DBN Subscription Required)

___________

Law:

Bankruptcy King Harvey Miller Expected to Rejoin Weil
(DBN Subscription Required)

Going Bankruptcy Hourly Rates From Around The Country In 2006
(DBN Subscription Required)

What can you get for $600 an hour?
(DBN Subscription Required)

A time to bill
(DBN Subscription Required)

What Does The Great Associate Salary Spike Really Mean?
(DBN Subscription Required)

Beantown Salaries Bubbling
(DBN Subscription Required)

A New Weapon in the Talent Arms Race
(DBN Subscription Required)

More BigLaw Associates in Line for More Money
(DBN Subscription Required)

Former Dechert boss found guilty of perjury
(DBN Subscription Required)

The Libby Verdict: the Experts React
(DBN Subscription Required)

Will Scooter Libby Be Disbarred?
(DBN Subscription Required)

Scooter's Future With The DC Bar
(DBN Subscription Required)

Juror Describes Deliberations That Led to Libby Conviction
(DBN Subscription Required)

Timestampgate: Snell & Wilmer's Letter to Judge Dale Kimball
(DBN Subscription Required)

Timestampgate: Snell & Wilmer Associate Resigns
(DBN Subscription Required)

Fired U.S. Attorney Accuses Republicans of Exerting Political Pressure
(DBN Subscription Required)

The Godfather's Connection to the US Attorney Scandal
(DBN Subscription Required)

Senator says firings of prosecutors not unusual
(DBN Subscription Required)

Dissident Shareholders Up Their Demands, Fuel Legal Work
(DBN Subscription Required)

Harsh Words Die Hard on the Web - Law Students Feel Lasting Effects of Anonymous Attacks
(DBN Subscription Required)

Court Upholds Trial Time Limits That Left Six Minutes for Closing
(DBN Subscription Required)

The Many Hats of a Law Librarian
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Fired U.S. Attorney Felt 'Leaned On'
(WSJ: separate paid subscription required)

Women-Owned NY Firm Opens Chicago Office
(DBN Subscription Required)

Miller Will Rejoin Weil Gotshal
(WSJ: separate paid subscription required)

How Small Firms Can Upgrade Hardware While Keeping Costs Down
(DBN Subscription Required)

As the Climate Heats Up, Lawyers Sharpen Their Wits
(NYT: separate free registration required)

___________

Banking:

Banking giant Texas-bound
(DBN Subscription Required)

Bank CEO Bryant files for bankruptcy
(DBN Subscription Required)

Big Surge Expected In Offshore Outsourcing By Banks
(DBN Subscription Required)

____________

Religion:

Agape seeks Chapter 11 bankruptcy
(DBN Subscription Required)

____________

Credit Counseling:

For-profit counsel on credit debated
(DBN Subscription Required)

___________

Accounting:

Will the SEC Let U.S. GAAP Die?
(DBN Subscription Required)

Broader View for Audit Oversight?
(DBN Subscription Required)

_____________

Bankruptcy Judge Wins Leadership Award From Atlanta Bar Association (scroll down)
(DBN Subscription Required)

 

 

Autos:

Zetsche not sold on selling Chrysler
(DBN Subscription Required)

Zetsche feared takeover without sale of Chrysler
(DBN Subscription Required)

Blackstone team due at Chrysler
(DBN Subscription Required)

Value of Chrysler tough to determine
(DBN Subscription Required)

Who is going to buy Chrysler?
(DBN Subscription Required)

Help is outside the auto industry
(DBN Subscription Required)

Daimler CEO Says Chrysler Won't be Auctioned
(DBN Subscription Required)

Official: Firms Visiting Chrysler
(DBN Subscription Required)

DaimlerChrysler CEO says tough to break up Chrysler
(DBN Subscription Required)

Car bosses want Chrysler impasse resolved soon
(DBN Subscription Required)

Wagoner sees car industry record
(DBN Subscription Required)

GM may owe $1B on mortgage loans
(DBN Subscription Required)

Lutz: Market threatens to kill one of Big Three
(DBN Subscription Required)

Michigan Meets Tobacco Road as Toyota Goes South
(DBN Subscription Required)

EU clears sale of US Dana Corp.'s engine parts business
(DBN Subscription Required)

Bankrupt Car Hauling Company Abruptly Closes
(DBN Subscription Required)

___________

Corporate Reform:

Deal for Reliant Energy Admits No Guilt in Fraud Case
(DBN Subscription Required)

"Cable Guy" Sentenced to Nine Years
(DBN Subscription Required)

Companies Say Backdating Used In Days After 9/11
(WSJ: separate paid subscription required)

____________

Credit Cards:

Congress Takes On Credit Cards
(DBN Subscription Required)

Doc warns of the credit card shark
(DBN Subscription Required)

Senators to shine light on credit card practices
(DBN Subscription Required)

Some banks cancel complex card billing
(DBN Subscription Required)

___________

Timber:

Pacific Lumber Co. cash collateral/venue bankruptcy trial starts
(DBN Subscription Required)

_____________

Sports:

Calling all bidders for NYS race tracks
(DBN Subscription Required)

Horseshoe Bend Country Club files for bankruptcy
(DBN Subscription Required)

____________

Student Debt:

The Nondischargeability of Student Loans In Personal Bankruptcy Proceedings: The Search for a Theory
(DBN Subscription Required)

_____________

Predatory Lending:

AL Senator targets payday loan interest rates
(DBN Subscription Required)

___________

Bankruptcy Reform:

Tabb & McClelland on the Means Test
(DBN Subscription Required)

___________

Insurance:

Delaware May Ban Credit Scores in Insurance Pricing
(DBN Subscription Required)

____________

Media:

Water Channel's parent files to reorganize debt
(DBN Subscription Required)

Air America to boost its Net value
(DBN Subscription Required)

____________

Bankruptcy Filings Up 18% in February 2007
(DBN Subscription Required)

Good life goes on despite big debt
(DBN Subscription Required)

Recovery Rates in Credit Default Models Theory and Application to Corporate Bonds
(DBN Subscription Required)

Is the Collapsing Credit Bubble Contagious?
(DBN Subscription Required)

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

_____________

Trustee Wants Pillsbury to Repay $4 Million
(DBN Subscription Required)

E&Y predicts private equity crunch
(DBN Subscription Required)

E&Y says defaults seen as unlikely to rise
(DBN Subscription Required)

Economy:

Americans have become more pessimistic about the health of the economy, but investors remain bullish
(WSJ: separate paid subscription required)

Unit labor costs rose 6.6% in Q4, worrisome signal
(DBN Subscription Required)

Factory Orders Dive Amid Broad Declines
(DBN Subscription Required)

Reports Put Fed In Tight Spot
(DBN Subscription Required)

Greenspan Sees `One-Third Probability' of Recession This Year
(DBN Subscription Required)

____________

Real Estate:

PMI, MGIC Investment: Subprime Trouble for Mortgage Insurance Companies
(DBN Subscription Required)

Subprime lenders improve slightly from stock dive
(DBN Subscription Required)

The cost of insuring commercial-mortgage-backed securities has jumped amid the spreading turmoil in the market for home-mortgage-backed securities
(WSJ: separate paid subscription required)

Posh project files for bankruptcy
(DBN Subscription Required)

Housing Rebound Elusive as Market Fails to Reduce Lost Deposits
(DBN Subscription Required)

How Countrywide CEO Wins Amid Mortgage Mayhem
(WSJ: separate paid subscription required)

Fremont to Exit Subprime Business, Places Subprime Employees On Paid Leave
(DBN Subscription Required)

Couple wins a round against subprime lender
(DBN Subscription Required)

Ballooning mortgages blindside homeowners
(DBN Subscription Required)

No Down Payment? No Obstacle Anymore
(DBN Subscription Required)

Bankruptcy filing dashes Deal Island's hopes of riches
(DBN Subscription Required)

Foreclosure brokers traffic in despair
(DBN Subscription Required)

Judge Rules Against Tower Records Lease Assignment to Walgreens
(DBN Subscription Required)

__________

Utilities:

Bankruptcy , Utilities and the Poor
(DBN Subscription Required)

House again approves electric rate freeze
(DBN Subscription Required)

ComEd, legislators turn up posturing
(DBN Subscription Required)

Calpine Receives Written Opinion from the Court Allowing It to Proceed With Its $5 Billion Replacement DIP Financing
(DBN Subscription Required)

_____________

UK:

Eurotunnel set to relist in London and Paris
(DBN Subscription Required)

Annual credit fees 'on way back'
(DBN Subscription Required)

Banks face inquiry as overdraft fees issue heats up
(DBN Subscription Required)

Payment crisis over bridge's £30m debt
(DBN Subscription Required)

U.K. Consumer Optimism Barely Rose in February
(DBN Subscription Required)

___________

France:

Distillery in bankruptcy
(DBN Subscription Required)

____________

Canada:

McCarthy Tetrault Adds Insolvency Partner
(DBN Subscription Required)

__________

Australia:

Could Australia Suffer A Mortgage Crunch Too?
(DBN Subscription Required)

_____________

Germany:

Germany says corporate bankruptcies down
(DBN Subscription Required)

____________

Venezuela:

Venezuela Disavows 1980s-Era Bonds
(NYT: separate free registration required)

____________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com