November 26, 2007

Daily Bankruptcy News

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Law:

Merged NY Firms Do the Math Differently on Associate Bonuses
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For Lawyers, Perks to Fit a Lifestyle
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Ah the Good Life: Firms and Keeping Associates Happy
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Thoughts on London from a New Yorker
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Law Job Perks v. Law Job Woes
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Law Firm Bonuses: The Last Hurrah?
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Will Lumps of Coal (and Pink Slips) Fill Lawyer Stockings This Year?
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GCs say they want predictable fees, but aren't getting them
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What happened to law firm parties?
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Getting Fired
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Associate in naked stuffed toy shame
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'Notices of Unavailability' Don't Cut It
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Nixon Peabody Appoints Chief Sustainability Officer
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When it comes to love, lawyers are mostly losers
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The REIT Stuff?: BigLaw Aims to Weather the Credit Crunch
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BigLaw Partner's Bar Tab Brews Brouhaha
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Graying BigLaw Changes the Rules on Retirement
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Doling Out Other People's Money":
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Class action lawsuit against western Ky. law school
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Top Dog at Nation's Biggest Law Firm
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Pricing Legal Services
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Baker Botts Cuts an Iraqi Oil Deal -- and Draws a Backlash
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Morrison & Foerster Hands Operations Over to Nonlawyer
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Globalization: What Feeds Your Network?
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Food/Drink:

Topps Meat files for bankruptcy protection
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Topps Bankruptcy Another Pain for E. Coli Victims
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Merrill Lynch ordered to turn over LeNature's records
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Boating:

Nichols Brothers' request for $$ approved by judge
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Health Care:

Nursing Home Operator in Connecticut Files for Bankruptcy
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Label chief's nursing home company investigated
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CT Attorney General Seeks To Remove Corporate Leaders Of Failed Nursing Home Chain And Its 15 State Nursing Homes
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Haven Healthcare Files For Bankruptcy, AG Wants To Remove Leaders
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After Bankruptcy, a Hospital in Brooklyn Looks To Rebuild
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Victory Hospital on death row - February shut down planned
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Atlanta hospital struggles to heal itself
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Aliquippa hospital on life support
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Aliquippa needs its hospital, backers say
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Debt collection efforts continue on behalf of shuttered hospital
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Creditors gain ground on delinquent doctors
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Pascack shuts down amid tears, toasts
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Decision awaited on BMC loan
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Rising Costs of Healthcare Prevent Americans From Seeking Treatment
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Bankruptcy Statistics:

Total bankruptcy filings increased by 28% in the third quarter compared to the year ago period, and rose 4% since mid-year.
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Squeezed -- by debt
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Bankruptcy In Alabama
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Horse Racing:

Court rules for NYRA on bankruptcy
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Economy:

Summers Says "Odds Favor Recession"
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Here comes the recession
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Wake up to the dangers of a deepening crisis
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That cost pressure on raw materials? It's here to stay
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As Bonds Point to U.S. Recession, Bad News Is Not Anytime Soon
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Investors fear new round of turmoil
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Personal Finance:

Season of Debt
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Stress is reality
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How The Credit Crunch May Affect Corporate Debt Refinancings And Bank Lending
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Aviation:

Mesa posts $90 million bond
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UAL Corp. Reportedly In The Merger Game
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Aspen Executive Air avoids shut down - for now
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Refunds available from bankrupt Canada 3000
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Software:

SCO drops plans to sell Unix business
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Credit Cards:

Credit-card processing company facing liquidation
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Iowans' credit troubles increase
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Wachovia puts Hoboken Wood Flooring secured debts at $66M
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Real Estate:

Warren: Holding the Home Hostage
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Bankruptcy law pushing up foreclosures
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New Wave of Mortgage Failures Could Create Nightmare
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Professor says government bailout unavoidable
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Countrywide woes mount
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The Next Big Bankruptcy
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Ordinary homeowners now feeling the pain
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Citigroup Is Pressed to Alter Mortgages
(WSJ: separate paid subscription required)

Non-Bankruptcy Solutions to Subprime Meltdown Won't Be Enough
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Home or the Holidays?
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America's mortgage giants not-so-dynamic duo
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Have We Seen Worse of Mortgage Crisis?
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Builders stressed into next decade
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California homes deal to avert defaults
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Novastar Offered Early Clues To Looming Mortgage Tumult
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Governor-led deal helps, but it's no game-winner
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Blame the Borrowers? Not So Fast
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A Time for Bold Thinking on Housing
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Express Financial seeks bankruptcy
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Investors avoid foreclosure auctions
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Foreclosure surge hits every corner of Tucson
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A roof over their heads, but much hardship beneath it
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Bargain shopping for subprime casualties
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The fight against foreclosure
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Laughlin Ranch will be kept whole, attorney says
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A silver lining to the sub-prime mess
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Tenants Left In Cold When Apartments Foreclosed
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Prime deal, prime debacle for Rocky Point investors
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Mortgage failure wave hints at nightmare
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GMAC Financial will step in to bolster struggling ResCap
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GM says it has `no further obligation' to fund GMAC
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Magnus manager sues to seek profit
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Minorities hit hardest by U.S. housing crisis
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Tough stance on Freddie, Fannie vindicated
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Families have nowhere to turn
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Stock Brokers:

E*Trade: Sub Prime to Bankruptcy to Sell off
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E*Trade: The Merger Buzz Grows
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Mortgages Weigh on E*Trade Sale
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Celebrity:

Kerry Katona denies bankruptcy claims
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Jacko seeking friends help in 'tough time'
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Forest Products:

Pope & Talbot files bankruptcy in Europe
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Canadian court approves Pope & Talbot auction
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Furniture:

Levitz Gets OK to Auction Inventory
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Banking:

The next credit scandal
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Citi at Record Lows; Expecting 30% Growth This Year
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Finance:

Borrowing costs for troubled firms soar to 4-year high amid worsening credit crunch
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Mining:

Grupo Mexico loses bid for Asarco veto power
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Religion:

Spokane bishop begins apologies
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Wall Street:

Ex-Bear Stearns co-president spector gets no severance
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Money funds get bailouts to stem run
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Recession Fears Weigh on Markets
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Hedge Funds:

Huge return for hedge fund betting against subprime
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Recent failures make critics wary of hedge fund investments
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Goldman Quant Continues to Decline
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Oil/Gas:

Cayman Islands company seeks bankruptcy after losing contract
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Financial Literacy:

Credit unions in ohio to educate children about "money and stuff"
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M&A:

United Rentals spat may hurt new deals
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Corporate Reform:

Companies face huge legal bills for executives accused of stock option backdating
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Witness for the Prosecution
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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), (12)
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NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

Limits on omnibus relief imposed
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Bankruptcy Trustee Suits Cause Increasing Concern
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Textiles:

Joan Fabrics Bankruptcy Moved to Ch 7
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Telecoms:

Rise and fall of Amp'd Mobile
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Enron:

Law firm in Enron case set for $700m pay day
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Lerach May See $50 Million in Enron Fees
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Bankruptcy Crimes:

Civil rights attorney's sentencing is delayed
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Convicted Lawyer Wants to Teach Morality
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Autos:

Retooling life on the line: 2-tier wages, new work rules transform factory floor
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Appaloosa Settles With Dana Corp.
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Retiree benefits at Ford weaker
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Dana settles dispute on $32.5M tax refund
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Wall Street lining up to service UAW health trust
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Shrinking US auto mkt to spark overseas deals
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Bankruptcy Reform:

A Call for Bankruptcy Reform: A Message to the Presidential Candidates
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Credit Rating:

Shareholders act against ratings agencies
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Mass Torts:

"Nursing background led judge to question silicosis screenings"
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Retailing:

Retail Sales Rise, but Stores Relied on Discounts
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Holiday Sales Increase; US Shoppers Spend Less on Average
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Holiday sales' opening weekend: a mixed bag
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Red is the new black this holiday season
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Layoffs:

Mass layoff events and initial claimants for unemployment insurance, November 2003 to October 2007, seasonally adjusted
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Budget tricks hide trillions in debt
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UK:

Northern Rock to name Virgin as preferred bidder
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Scramble for Northern Rock intensifies
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Pulling the plug
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Rock shareholders demand say in sell-off
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RAB Capital requests value for money
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Dickinson Dees axes 17 from Northern Rock team
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UK House Prices Fall for a Second Month
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Insolvency work re-jig will favor larger firms
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Fox Williams targets credit crunch claimants
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Tax dodgers warned they face bankruptcy
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Average Briton is now £33000 in debt
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Warning over rogue debt advice company
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Cerberus plans to merge rock with us mortgage unit ResCap
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EU:

European Central Bank in move to calm markets
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Financing Options Dry Up in Europe
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Canada:

Priva Inc. Makes a Proposal to its Creditors Pursuant to the Bankruptcy and Insolvency Act
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Canadian Dollar Jump Hikes Ch. 11 Cases
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India:

Subprime crisis in US affecting BPO margins
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Russia:

Yukos legally ceases to exist after Moscow court action
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Israel:

Subprime crisis - Israel style
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Japan:

Japanese housing slumps into legal, moral quagmire
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Germany:

German bank IKB faces more high-risk mortgage problems
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