May 8, 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:

Unions object to NWA Chapter 11 plan because of management payout
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Northwest to be listed on NYSE
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Takeover bid for Qantas collapses
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Struggling to gain altitude
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What Airlines' New Spending Means for Fliers
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Law:

Beware the Hidden Costs of Bad Document Formatting
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Debevoise Joins the $50K Club
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7th Circuit Decision on Deposition Practice Could Create More Confrontations
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Latham Is Taking Its Time, Thank You Very Much
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Marvell GC Disputes That His Firing Is due to Backdating
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Poster Faces Stiff Competition for Hottie Clerk's Heart
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White & Case tops Shearman with double-digit UK pay-hikes
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Lawyers Fit for a Queen
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Could Bert Fields Lose the First Case of His Career?
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So How Much Do Partners Actually Take Home?
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Livin, Lovin . . . Insider Tradin'
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The U.S. Attorney Mess: Roundup
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Say What?!
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A Colorado bar ethics panel takes aim at a growing ADR practice
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DOJ Won't Oppose Immunity for Goodling in Probe of U.S. Attorneys' Firings
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Survey Measures Lateral Partners' Satisfaction With New Firms
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Trial Lawyer Is Denied Fee After Appellate Settlement
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Invisible Black Men
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Merger with Husch & Eppenberger didn't work, so Hale and Dewey reform own firm
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Publications cash in on lawyers' egos
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Big Smoke Associates See Bosses Cough Up More Pay
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The Temptation of Justice Thomas
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Lockstep No Longer a Lock as Star Rainmakers Head for the Exits
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Two BigDog Firms Sniff Out Different Paths
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Good Cause Is Bad Medicine For The New E-Discovery Rules
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Predatory Lending:

The true costs of payday loans
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Health Care:

Judge rebukes Mt. Sinai medical center
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Georgia airplane crash begins nursing home's trip into bankruptcy
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Second company shows interest in Valley Health System
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Gap widens between what insurers, uninsured pay
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Autos:

Delphi Says First-Quarter Loss Widens to $533 Million
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Delphi loss widens as GM revenue falls
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Delphi Adding Billion to Pension Fund
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Dana Asks Out of Chap. 11 Lawsuit Shield
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25000 Ford workers are gone; more still to leave
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Ford to Close Cleveland-Area Plant
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Ford family unity tested
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Bankruptcy Judge Rewards Delphi Execs For Being Bankrupt
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Corporate Reform:

Radler sharp on stand
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Testimony: Black Consulted on Everything
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Armor Holdings Options Trading Surged Before News of Buyout
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US buyout bonanza sets off alarm over insider trading
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Accounting:

CPA Gumshoes
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Retailing:

Rag Shops files for Chapter 11
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Publishing:

OJ foes seeking to recast his book
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Layoffs:

IBM to fire 100000
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Food/Drink:

More LeNature's woes
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Accounting:

US economist predicts accounting jobs to head offshore
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Credit Cards:

TD Banknorth Card Charge-offs Nearly Double from Last Year
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Oil/Gas/Fuel:

Delta Petroleum hits red ink
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A Pending Bust for Ethanol?
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Hedge Funds:

Hedge funds change Ch. 11 landscape
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As Deal Barriers Fall, Takeover Bids Multiply - 'Nobody Is Off Limits'
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American Bankruptcy Institute Names New Vice President of International Affairs
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Turnaround Specialists and the Costs of Bankruptcy
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One last shot at a fresh start - Bankruptcy can kill your credit, but sometimes it's your only option
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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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Real Estate:

New Century can pay $3.2M in bonuses to executives, managers
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Trading blame for implosion in subprime mortgages
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Bill Making Mortgage Fraud a Crime Heads to Fla. Governor
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Builder's collapse shakes faith
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Report Says Foreclosures Nationwide Fell Significantly in April
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CCI gets formal with hearing on its bankruptcy
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House Group Challenges Fannie, Freddie Bill
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Banking:

Panel Finds Wolfowitz Broke World Bank Rules
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Bankruptcy Reform:

BAPCPA as Consumer Protection
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Student Debt:

J.P. Morgan agreed to stop making payments to over 100 alumni associations, arrangements that allowed the company to market its loans directly to graduates
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Credit Reporting:

Oh, You Meant Accurate and Clear
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Going Concern:

Can Bombay Co. Go On? PwC Has Doubts
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Transportation:

Truckers who used TEI as broker may have cash claim
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US Consumer Credit Increased $13.5 Bln in March
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Liquidations trump prepacks
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How cheap debt overinflates stocks
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Giuliani-Owned Firms Represented Both Debtor And Creditor In Bankruptcy Proceeding
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UK:

Financial insolvency 'less of a financial stigma'
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Insolvency increases driven by volunteers
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Proposed changes to individual voluntary arrangements
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Russia:

Shell to bid for Yukos petrol station network
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Germany:

German corporate bankruptcies fall, but personal filings rise
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