May 16, 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
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Aviation:

Airlines Finding It Hard to Raise Fares
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Northwest gives outgoing chairman a $2 million going-away present
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As airlines cut back, more workers find second jobs
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Now Departing: Airline Careers
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As Pay Falls, Airlines Struggle to Fill Jobs
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PBGC has 20.7% stake in Delta
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Key deadline today for AirTran's bid for Midwest
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US Airways chief says labor problems worsening
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Law:

Stressed-Out Associate's Death Ruled an Accident
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Crowell & Moring Adds Bankruptcy Attorneys
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Dickstein Shapiro Launches Bankruptcy Practice
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Through the Looking Glass to 1983
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Bill Would Repay Lawyers' Student Loans
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Pay Raises: In a Holding Pattern?
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Irell & Manella Raises
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McNulty responsible for US attorney firings, says Gonzales
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US Department of Justice Crippled By Gonzales' US Attorney Firings
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Gibson Dunn Linked to Paul Wolfowitz Scandal
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Firms Cutting Bonuses to Cover Cost of Rising Salaries
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Judge banned from courthouse
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Hogan, Akin Gump Fire First Shots in New Round of Salary Wars
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The future's bright . . . but not for lawyers and accountants
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Ethics Complaint Filed Against Judge Over His $65M Suit Against Dry Cleaners
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What Not to Do in Front of a State Supreme Court
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SEC Scrutiny of Stock Plans Could Spell Trouble for GCs
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Say What?!
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Which Law Jobs Are Vulnerable in an Electronic Age?
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In Milberg Weiss case, doctors duel over Lazar's health
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Real Estate:

US Median Home Price Tumbles to 2-Year Low in Slump
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US Foreclosure Filings Rise 62% in April
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Equity One Set to Buy People's Choice
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South Texans among creditors as 1031 Tax Group files for bankruptcy
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Foreclosures fuel state's rising bankruptcy rate
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New Century Bankruptcy Judge Won't Oust Management
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Examiner to Probe New Century
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Subprime Shake-Out: Where Do We Go from Here?
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Nine arrested in mortgage fraud case
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US, firms in talks over subprime loans
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Defaults Up 244% In Alabama
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Home construction rose unexpectedly during April, making a surprise increase despite bloated inventories and tighter credit for subprime borrowers, but building permits took their sharpest fall in 17 years
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Religion:

Spokane diocese asks people for $10 million
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Women Accuse Fort Worth Pastor Of Sexual Abuse
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Hotels:

Judge extends deadline to find Marriott buyer
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Telecoms:

Vonage having trouble hiring, keeping staff
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Autos:

Freed from Chrysler, Daimler could boost payouts
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Cerberus can tap $17bn for Chrysler task
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Cerberus Takes on What Others Shunned in Chrysler
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Why Daimler gave Chrysler to Cerberus
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Chrysler gives CAW job guarantee
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Why Taxpayers Should Take Note Of Chrysler Deal
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Chrysler CEO says brands will not be broken up
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Reality check on the deal
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Wilbur Ross - 'There won't be a Chapter 11 here'
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Charting Chrysler's next move
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Cerberus deal for Chrysler not your average LBO
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Cerberus deal pleases top dealer
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Chrysler loss rises to nearly $2 billion in 1Q
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Creative destruction at Chrysler
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In Deal, a Test for the UAW
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Cerberus Adds Cars to Loans, Rentals With Chrysler
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Cerberus building an auto empire
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Lemon Sale
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3 big questions for Detroit's Big Three
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Why Magna lost Chrysler
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The $7.4bn bet
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Workers May Pay For Chrysler's Sale
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What Daimler is paying to have Chrysler towed away
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Cerberus has its hands full with Chrysler
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A Corporate Divorce on the Cheap
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Chrysler deal doesn't end Cerberus' interest in Delphi
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Collins & Aikman Soft Trim Operations File for Creditor Protection
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Collins & Aikman sale advances
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Mediator appointed for Dana, Sypris
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UAW offers counter bid to Delphi
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French Court Gives GAL 2-Week Extension On Safeguard Procedure
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Economy:

Consumer prices ease inflation worries
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Firms, awash in cash, reshaping businesses, industries, economy
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Mass Torts:

Asbestos pusher to the world
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Kentucky fen-phen follies: Abbott v Chesley and Bonar v Chesley updates
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Municipalities:

McCall officials explain court debt to residents
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Debt Collection:

Delinquencies Rise, Collection Staffs Shrink
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Derivatives:

Federal Reserve chief says existing laws cover abuses in credit-default swaps
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Utilities:

Why Investors Are Plugging In to Calpine
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Accounting:

KPMG's Griffith-Jones in favor of another big player
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Tyco Accord May Spell Trouble for Auditor
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Bally Gets Default Waivers Until July 13
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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), (12)
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T-REX Stalks Vulture Investors - Online claim trading
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Publishing:

World's Classiest Mag Facing Bankruptcy
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Corporate Reform:

Radler on the rack
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Witness at Black trial admits to inaccuracies
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Judge Scolds Central Witness in Conrad Black's Fraud Trial
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Radler Admits Lying in First Meeting With Prosecutors
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Lying During Investigations Will Only Make Matters Worse
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Radler denies 'Club Fed' deal
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The darker side of shareholder democracy
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Rich Kinder's bigger slice
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A new wave of insider trading
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Bankruptcy Crimes:

Woman sentenced for not disclosing $400K in bankruptcy case
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Jury selection begins in tax/bankruptcy fraud trial of prominent L.A. civil rights attorney
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Health Care:

Mixed signals aren't helping Kessler situation
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Kessler misses employee benefits payment
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Gosman out of court, not financial woe
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Hospitals losing limitations
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Banking:

Citigroup's worst nightmare?
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Bank board considers Wolfowitz's fate
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Father Knows Best
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Credit Cards:

Bill would ban some credit card actions
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Credit CARD Act of 2007
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How to pay off $300,000 of debt
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UK:

Banks are heading for disaster, says Bolton
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Consumer credit: where did it all go wrong?
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Bankruptcies reach a new record high
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Britons spend £5.25 trillion on credit cards
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The loan insurance backlash begins
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Leeds' creditors to make decision on June 1
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Eurotunnel rescue could derail on investor absence
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Russia:

As YUKOS sinks, Russia targets smaller oil players
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YUKOS auction winner to be required to disclose data
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Australia:

Forced on to streets of shame
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