May 9, 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:

Troubles to cloud United meeting
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Delta Overhaul Aims to Extend Global Reach
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Law:

Full-Time Law Firm Job: Finding Square Footage
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Lovells gets bankruptcy partner from Stroock
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Susman starting salaries $160,000 on coasts
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Gibson Dunn & Crutcher Matches?
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Latham Succumbs to 'Hysteria'
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MoFo Pay Memo
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Those Kids Want It All Right Now
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Linklaters set to break billion-pound mark
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Will This Be The World's Largest Law Firm?
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Linklaters creates counsel role
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Texas Firms Show Up in Deal-Making Elite in 2006
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Corporate Clients Take Note as More Firms Announce Associate Raises
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Law Firm Clients Prefer Smiles
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Fish & Neave's Vote to Defer Payment to Ex-Partners Deemed Proper
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First Look at the 2006 AmLaw 100
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Dog Gets His Own Lawyer in Contentious Custody Battle
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Say What?!
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Troutman Picks Up Five Partners in Hiring Spree - In past two weeks, firm has added nine new partners in all
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Golf cart polo
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BigLaw Firm Revamps Leadership
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Mind The Culture Gap
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Mastering Big Firm Speak
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Lawyer Crushed by 300-Lb. Fan at Shea Sues Mets
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Ex-NY Prosecutors a Hot Commodity
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Law School Grad Shows the Love With $51 Million Gift
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"I Have Put the Judges into Red Robes and Ermine"
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Real Estate:

Trade Group Lowers Housing Forecast
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US Home Prices to Drop in 2007, First Since 1930s
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Toll Brothers' home sales slide
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People's Choice Works Through Objections
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Subprime loans are big in O.C.
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Home lenders try to rescue borrowers
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Frenzy of risky mortgages leaves path of destruction
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Consumers call for higher contractor bonds after firm fails
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Not all subprime lenders are going bad
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Housing slowdown trickles into Houston
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Congress debates mortgage reforms
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New Century Financial: The Story Behind the Scenes
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IRS says New Century Financial isn't taking its calls, owes $400M
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North Port revokes CCI permitting rights
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Building Sector Weeds Out Some Players
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Lennar Homes lays off 76 employees
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Home Prices Fall in Rich New York Suburbs Once Immune to Slump
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Autos:

Allied, Yucaipa: Delay May Cost Millions
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Blacks pay more for auto loans
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Judge: Appointment of Fee Examiner Warranted for Collins & Aikman
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GM Lifts Trading Ban for Several Execs
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Toyota operating profit falls
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Continuation of Dana lawsuit in Texas sought
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Big Three can't play defense anymore
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Car dealer accused in Ponzi scheme
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Delphi Packard equipment heads to auction block
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Corporate Reform:

Radler Says Black Oversaw Theft of Hollinger Money
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Black's former lieutenant admits to own fraud at trial
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Radler tale on boss is tangled in telling
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Ex-governor paid $18,000 to 'skim' Black papers
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NY's case against Grasso trimmed by court
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Dick Grasso May Get To Keep His $100 Million
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A Big Win for the Ex-Big Board Chief
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Fired Dow Chemical Executives Sue for $675 Million
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Behind the Dow chemical firings, a tangled corporate drama
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Bankruptcy Reform:

Next 12 Months will Determine Whether 2005 Bankruptcy Act is Success or Failure
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Health Care:

St. Vincent Settles Lawsuit With Caritas
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Hospitals Bill Uninsured Patients More Than Health Insurers
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Board authorizes efforts to reopen Gadsden hospital
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Mesa starts long goodbye for hospital
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Hotels:

Marriott Hotel's future hinges on May 15 deadline
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Retailing:

Dick Bruhn Inc. Files for Bankruptcy After Closing Regional Stores
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Hedge Funds:

Secrets of Top Hedge Funds
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Hedge-Fund Strategy by Harvard Gets Senate Scrutiny
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Credit Cards:

Consumer revolving credit came in like a lamb in March but left like a lion after Americans added $6.8 billion in new balances
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Food/Drink:

Hooters' owners seek to end NY franchises bankruptcies
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Hooters restaurants in New York state abandon bankruptcy plan
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Student Debt:

Student Loan Official Steps Down
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N.J. launches own probe into student loans
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S&P to Require More Protection on Second-Lien Debt
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Peregrine shareholders' suit dismissed
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New Bankruptcy Opinions
(No new opinions 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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Third Circuit Shoots Down Plan Confirmation, Finding Improper Gerrymandering
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Predatory Lending:

11th Circuit Rules for Payday Lenders, but Opens Door to Further Review
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Enron:

Enron shareholders seek SEC's aid with lawsuit
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Utilities:

Entergy New Orleans emerges from bankruptcy
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Fitch revises Entergy New Orleans ratings on bankruptcy exit
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ComEd says rate freeze could prompt suit
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Calpine posts narrower quarterly loss
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Economy:

Fed expected to keep rates steady
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U.S. consumers show signs of apprehension
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Sports:

Transplanted fan buys his Steelers dream for $21000 in bankruptcy sale
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Municipalities:

Glimmers of a Turnaround in Springfield, Mass.
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Mall owners are razed in bankruptcy court
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Motorola to Pay $25M in Settlement on Adelphia Transactions
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UK:

UK must amend insolvency laws ahead of downturn, say US firms
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The housing market scam
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Is it too easy to escape debt?
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Consumers 'responsible' for their debt levels
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UK April Consumer Confidence Increased to Six-Month High
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Canada:

Two Charged under Bankruptcy Act
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Lawyers argue about how to divide Norbourg assets
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Russia:

State Giant Emerges From Yukos' Remains
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Hong Kong:

Saving the young and indebted
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Taiwan:

Bankers slam draft personal bankruptcy law
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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