November 9, 2007

Daily Bankruptcy News

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Law:

Free PACER! Go Crazy!
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Law firms gear up for 'Big Bang' - Firm IPOs
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Concierge Service, Other Perks Put New Spin on Term 'Full-Service Firm'
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Guerilla Tactics Can Help You Survive the Recruiting Jungle
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Why Wal-Mart's robust approach to limiting its legal costs is doomed to fail
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Bonus Watch: Kaye Scholer Announces
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Perk Watch: Pet Care Services?
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The Often Overlooked View Of Associate Compensation
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Busy Lawyer Compares His Life-Stylist to 'Outsourced Wife'
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Need a Life? She'll Arrange One
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Mukasey Wins Vote in Senate, Despite Doubts
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Michael Mukasey won confirmation as attorney general
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Lawyers aren't that entertaining
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Cooley Godward Kronish Gets a New CEO
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Pessimistic Lawyers More Successful, Study Finds
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NY Bankruptcy Lawyer Switches Firms
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Hank Greenberg Led to Breakup of S&C and Christensen
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Male Lawyer Who Has Harassed Female Lawyer Over 32-Year Stretch Not "Vexatious"
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Becoming a partner may be a dream step up the career ladder for ambitious lawyers, but it comes at a hefty price
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Allen & Overy in Christmas video shock
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"Australian?"
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Ex-Partner Drops Freshfields Age Claim
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Justice O'Connor: Deficiencies in courts are nearly impossible to fix
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Scalia Leads in Tally of 'Funniest Justice'
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Disco dentist
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You Don't Have to Be Clever
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Individuals' Allegations of What Our Government Did to Them Are Not 'Classified' Information
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Arrested Lawyer: Judge Had Meltdown Over Motion to Dismiss
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The Secret Life of Contract Lawyers
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Economy:

Bernanke Says Fed Sees Slower Growth, Inflation Risk
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Bernanke On Economy: Bad Winter, Better Spring
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US economy faces risks, not recession - Bernanke
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The Economy on the Edge
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Bernanke wants sovereign wealth fund conduct code
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Retailing:

US Retail Sales in October Trail Analyst Estimates
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Stores See Shoppers in Retreat
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Wal-Mart same-store sales weak
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Autos:

Delphi's bankruptcy deal jolted
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Despite $380 million loss, Ford is optimistic
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More buyouts possible at Ford
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Ford, Seeing Progress in Turnaround Plan, Intends to Keep Volvo
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GM: Delphi subsidy could last beyond 2015
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G.M.'s Attempt at 2 Steps Forward Is Taken One Back
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Chrysler's Lowball Strategy
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E-Commerce:

Inphonic files for bankruptcy, to sell assets
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Mining:

Grupo Mexico Seeks Asarco's Ch 11 Exit
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Firm says its Asarco bid being ignored
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Politics:

Obama Focuses on Pensions, Retirement
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Food/Drink:

Silver Point Hankers for Twinkies
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Jays plans layoffs
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Tax:

Bush Threatens to Veto Rangel's Minimum-Tax Proposal
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New rules create potential tax traps for exec compensation
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US tax officials nabbed in $US16m scam
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Religion:

Judging the Catholic Church
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Utilities:

Rosetta says answers Calpine legal claims
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Corporate Governance:

Talent Pool Drying Up Just When Wall St. Needs It
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Banking:

Bernanke says banks are 'aggressive' in writing down sub-prime losses
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Why WaMu Got Walloped
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Wells Fargo takes heavy hit for bad home loans
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No banking bailout
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Some investors see bank, insurer default - Lehman
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Lampert's Big Bet on Citi
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Ed Lampert loses his shirt on Citigroup
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Bank 'superfund' to save SIVs could be too late
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Celebrity:

Michael Jackson On Verge of Losing Neverland?
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OJ Simpson, Due in Court in Las Vegas, Faces 12 Charges, Long Time in Prison
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Real Estate:

Homeowners Feel the Pinch of Lost Equity
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Lenders in America and Britain retrench, but for how long?
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Pressure on banks to lead subprime response
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Bernanke Offers Idea on Jumbo Loans For Fannie Mae and Freddie Mac
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GSE regulator raps Cuomo over investigation
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Bernanke sees more tough times for housing
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Home value loss not alarming for spending: Bernanke
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Bernanke: rising home foreclosures very important issue
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The economic grenades are going off
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WaMu Says "Whoops!"
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Washington Mutual is reeling from a one-two punch of bad loans and a probe into past appraisals. But it may not be alone
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Levitz Seeks Bankruptcy Protection Again
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American Home's Court Blitz
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Toll's home orders drained by cancellations
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Toll Brothers says US housing market worse than '91
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From Miserable to Purgatory
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Delta Financial laying off half its workforce
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Homebanc Seeks More Time for Ch 11 Plan
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Hoboken Wood Flooring Files Bankruptcy
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AIG: Mortgage guaranty pressured through 2008
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Union groups call for ouster of three Countrywide directors
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Ohio to become more aggressive with subprime mortgage lenders
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Blame for Poor Home Sales? It's the Press, a Builder Says
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Spitzer Seeks Mortgage Stabilization Fund
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NY warned that action against subprime lenders can sink economy
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Developer slapped with $171M fine for breach of fiduciary duty
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HSBC Exits Mortgage Securities
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Mortgage or credit card: Which to pay?
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Debt Collection:

Debt Collector Addresses Notice To "S--- F---"
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The Future of Debt Collection
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Jewelry:

Fabrikant to Send Ch 11 Plan for Vote
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Computers:

Ampex shares tumbles after co. warns bankruptcy
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Telecoms:

Legal Costs Widen Vonage's Loss
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Finance:

Asset-based lenders notice business boost
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Telecoms:

Vonage's Troubles Aren't Over
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Movies:

Five Roadblocks In Blockbuster's Road To Recovery
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Bankruptcy Crimes:

Bankruptcy auctioneer charged with embezzlement (scroll down)
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Fraud:

Two Georgia Ponzi Scheme Operators Plead Guilty
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Ponzi Scheme Victim To Lose Everything
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Prison Term in Safety-Kleen Fraud Case
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Compensation:

Approval of Management Equity Plans After Chapter 11
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Financial Regulation:

Global watchdog sets up task force on credit crisis
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Insurance:

Bond insurers set off fresh wave of credit panic
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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), (12)
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Wall Street:

Wall Street doesn't need you
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Wall Street sinks as credit fears rise
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Asian stocks fall sharply, Shanghai off almost 5%
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US stocks drop on bleak Bernanke testimony
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Morgan Stanley: It Could've Been Worse
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How a Good Subprime Call Hurt Morgan Stanley
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The market in rhyme
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Cuomo Probe Shakes Wall Street
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Two Weeks That Shook Wall Street
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Accounting:

US CFOs reject auditors' role in detecting fraud
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Reading the Tea Leaves of Financial Statements - Looking at the current subprime mortgage crisis through the haze of markets and credit
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Aviation:

American nixes pilots union's pay proposal
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Mesa cites new evidence, seeks new trial
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Alitalia Risks Bankruptcy if Sale Fails
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United Air Parent Distributes Shares
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Northwest Air Plans 200 Million Investment After Bankruptcy
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Airport questions Kitty Hawk property sale
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Mass Torts:

Federal-Mogul's Bankruptcy Reorganization Approved
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Cooper Indus: Court oks Plan B Settlement With Federal-Mogul
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Merck May Pay About $5 Billion to Resolve Vioxx Cases
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Hedge Funds:

Cayman Islands hedge fund seeks to skip hearing, win creditor shield
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Software:

SCO legerdemain gives us Cattleback to worry about
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Credit Cards:

Good Samaritan turns in credit cards; workers go on buying spree
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Times Get Tougher for Indebted Cardholders
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Americans are using credit cards to bridge the gaps created by stagnant wages and higher costs of living
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The US named as the top country for UK credit card fraud
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Credit card companies invent new fees to replace lost charges
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Health Care:

Back to square one on Bayonne hosp
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Why $33M deal didn't fly
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Sealing new deal won't be easy
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Community Specialty Hospital to suspend operations on Friday `
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Bankruptcy Reform:

Mortgage Legislation: "Pointed" Questions For the ABI
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New bankruptcy law backfires
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How Banks Are Bitten By a Law They Sought
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Challenge To The Constitutionality Of The New Bankruptcy Law
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Update: House Bankruptcy Bill
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UK:

BoE on hold, but December cut likely if data stays weak
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Barclays Rejects Talk It Faces $10 Bln Writedown
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Lawyers were shocked at the House of Lords decision to end compensation for those suffering from the asbestos-related condition of pleural plaques
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Inside The Mortgage Massacre
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Australia:

Mobile Phones Driving More Kids To Declare Bankruptcy?
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EU:

EU Cuts GDP Forecast, Sees Inflation Accelerating
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Russia:

YUKOS Bankruptcy Proceedings May Be Over on November 12
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Japan:

Nova: Class Struggle
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Japan finance chief warns on economy
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