May 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
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Aviation:

Northwest Airlines to award CEO $26.6 million in equity post-bankruptcy
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Unions call NWA stock awards 'obscene'
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Giuliani Firms Had Potential Conflict of Interest - Roles in Delta Bankruptcy Case May Put Pressure on Campaign To Open Up About Businesses
(WSJ: separate paid subscription required)

Air Canada a blueprint for airline industry?
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Delta's Big Bet on Foreign Flying
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United Pilot Claims Cockpit P--- Is Threat To Passenger Safety
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Law:

Firms Hunting for Stars Re-Examine Partner Compensation
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More Calif. Firms Follow Orrick's Move to $160K Associate Pay
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MoFo Sees Orrick's San Francisco, and Raises It a Sacramento
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O'Melveny Joins In the Fun
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A Photo Essay
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How to Find Professional Fulfillment Outside the Equity Partnership Model
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London Associates Get Salary Boost
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Boozy Getaways
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In the lap of the gods
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Akin Gump Escort: She's No Miss Popularity
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The Madam And The Troubled Lawyer
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The Five Claims To Fame For Hilton Attorney Howard Weitzman
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Is Shedding Partners the Right Way to Improve Profitability?
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Supreme Court Isn't Done Re-Shaping Patent Law
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More Bad News for the Billable Hour
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55% of Lawyers Pad Bills; 35% Double Bill
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From Churchill Downs, Gibson Dunn Responds to Yang Story
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Debra Wong Yang & the U.S. Attorney Mess
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Jim Comey and His Former Colleagues Sitting In a Tree . . .
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The Akin Gump Escort Worked For... Monica Goodling's Lawyer
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More Mistreatment of Monica
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Ashurst announces 28% rise in revenues
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Discovery Savings: Going Native
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Say What?!
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International arbitration is often more expensive than litigation
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Beware those cap-wearing Trojan horses
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Religion:

Deal allows secrets to remain
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Food/Drink:

Grocer Stocks Shelves WIth Debt
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Credit Counseling:

Bankruptcy Education Edict Paying Off
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It Takes Two to Tango: An Empirical Tale of Distressed Firms and Assisting Banks
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Autos:

GM CFO: UAW Won't Let Delphi Invade Big 3 Talks
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Dana Corp. seeks court approval to continue product-liability case
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Allied Holdings to Terminate CEO
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Corporate Reform:

Radler takes the stand
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The final showdown
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HSBC will pay out $23M in Pension Fund of America fraud case
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Real Estate:

Schumer seeks to make lenders responsible for risky loans
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Evergreen wins ruling in bankruptcy court
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New Century Execs' Multimillion-Dollar Bonuses Tied to Lowballing Risks, Highballing Income From Subprime Mortgages
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Mortgage spike forcing evictions in the nice neighborhoods, too
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As Market Cools, Builders Face Lawsuits and a Rash of Complaints
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Strapped Owners Find Help From Their Lenders
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Seeking a lifeline, their 'rescue' made things worse
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$41M Bidder Eyes Queen's Seaport
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Tighter credit is hurting agents, lenders, builders
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Lenders pull back, buyers lose dream of home
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Hundreds of Michigan Foreclosures Set for Auction
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Health Care:

Company Successfully Bids For Five OK Hospitals
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These Days, Hospitals Must Expand or Collapse
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A Long Legal Battle Looms as Hospitals Fight Closure
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Health care reform top DC priority
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HealthEssentials creditors seek cash
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Entertainment:

When stars get into debt
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Academia:

Commercial Law Beats Out Crim for Excitement (Who Knew?)
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Derivatives:

Loan derivatives poised for explosive growth
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Economy:

Dow's dangerous winning streak
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Hedge Funds:

Prime Brokerage Bust Up At Bear Stearns?
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Debt Collection:

Debt that won't die
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Bankruptcy filings keep victims from recovering
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203 N. LaSalle St -- The Photo
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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)
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Student Debt:

Are student loans destroying lives?
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Students and loans: 'Til death do us part
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Credit Reporting:

Beware the credit fixers
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Credit Cards:

23% increase over the past five years in the number of credit cardholders who use cards that accumulate points
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Anna:

Who will get Anna Nicole Smith's money?
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Tax:

Delinquent borrowers may get a tax surprise along with forgiven debt
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Bankruptcy Reform:

Two Simple Words
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Retailing:

Rockaway Bedding shedding 2/3 of its stores
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For Katrina victims, financial pain endures
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Trustee wants $200K from Gitto
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Debt Sales Slow; a Calm Before the Storm?
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Bankruptcy lull likely temporary, experts say
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Sovereign Debt Restructuring, Odious Debt, and the Politics of Debt Relief
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UK:

Patient given wrong diagnosis of year to live now faces bankruptcy
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Experian says 'credit comfy' Britons should shape up
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Subprime loans spiral out of control
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Norfolk's increasing debt mountain
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Better off bankrupt
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Scandal blows a hole in Britons' Spanish home dreams - Hundreds of homes illegal, to be bulldozed
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Leeds United Football Club - KPMG Administrators appointed
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Lawyer warns IVA firms to be cautious over ad claims
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Australia:

Watchdog on mat over Fincorp collapse
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Russia:

Rosneft to beat two rivals for YUKOS Samara
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Bulgaria:

Bulgaria Cracks Down On Debtors, Confiscations to Follow
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