October 15, 2007

Daily Bankruptcy News

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Law:

Lawyers Don't Make Enough
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The Have's and Have Not's
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Lawyers Pay Big for Sponsored Links
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'TopLawyers' Floods YouTube, Web
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Law Firms Create Website Videos
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Subprime Crisis and Deals Drop Could Mean Tough Times for Some Lawyers
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Allen & Overy is going on a recruiting drive, literally
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How to cope with the pressures caused by ageing partnerships
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Teaching female lawyers how to win in the male world
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Arbitration Award Against Thelen Reid Is Upheld
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Qualcomm Firms Meet a Stern Judge
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Bail Is Set for Mel Weiss
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Social Networks and Partners' Desks
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A guide For Law Firm Leaders on How to Herd Cats
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Tax man Jones cometh & bankruptcy man Parkins leaves
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Finding Treasures for Cases on Facebook
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Linklaters' new chief vows to take on the US
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Cadwalader ditches London managing partner role
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Reed Smith UK chief steps down in overhaul
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Firm Penalized for Letting Partner Draw Against Profits Despite Tax Liens
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Lawyer Has a Burning Passion for Antique Fire Trucks
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BigLaw Firm Bears All in Ad That Draws Comedian's Fire
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Investigators In Anna Nicole Smith's Death Serve Search Warrants
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Competing for Clients, and Paying by the Click
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Rights Case Against 50 Companies Is Reinstated
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The Ultimate In Reality TV: Justice Thomas's Book Party
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The Clarence Thomas Book Party
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Banking Giant Pioneers Adviser League Table
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While Bigger Firms Reach Overseas, Smaller Shops See Regional Opportunities
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Law-School Dropout Wins Nobel Peace Prize
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Allegations of an Affair and a Forgery Ensnare Firm
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Beware of Outsourcing
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Connolly Bove names chief operating officer
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Republican calls for Congress to probe Kent
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The Court Shirks
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Accounting for Indian trust money: $93 billion -- it's only money
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Say What?!
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Banking:

Hank Paulson's got an Enron-like crisis that could swamp Citigroup
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More Changes Needed at Citi?
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Citigroup quarter, as bad as expected
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Corporate Reform:

Tough SEC tactics force GCs to act as long arm of the law
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Nacchio appeal ripped from pages of Ripley's
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Bankruptcy Statistics:

Minnesota bankruptcy filings on rise again
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Central Illinois bankruptcy filings continue to drop
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Cash Management:

Bankruptcy trustee sues Sentinel Management for "massive fraud"
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Furniture:

Bombay Co. is sold, subject to court approval
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Bombay shutting down US stores
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Publishing:

The Source Magazine Emerges From Bankruptcy
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Health Care:

Hospital may acquire Pascack
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Pascack Valley supporters appeal to Corzine
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Hospices must pay millions
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Hospital takes hard look at finances
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Credit Cards:

Movie Night? We know a really scary one
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"Don't be a sucker"
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MasterCard's charge may have hit its limit
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Is credit card arbitration fair?
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Fraud:

Guarantee in alleged Ponzi scheme called fiction
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3 leaders of alleged investment scam claim sovereignty
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Music:

Snocap Prepares for Fire Sale
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Layoffs:

That Sinking Feeling Grips AOL Workers
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Trucking:

Trucking Hits The Breaks
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Autos:

Ford CEO: UAW deal will help company
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Ford may be able to avoid UAW strike
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Ford proposes annual bonuses for union workers
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Profits, Not Unions, Save Jobs
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Leaders of UAW Locals Will Hear Chrysler Contract Details Monday
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Will VEBAs at General Motors, Chrysler, and Ford make a trend?
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UAW Focuses on Ford; Chrysler's VEBA Funding Level Lower Than GM's
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Dismay in Detroit
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6-hour UAW strike puzzling
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Auto Worker Benefits Begin To Wane
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Champion Parts Files For Bankruptcy
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Fallen supplier C&A closes its doors
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Dana denies Appaloosa, says yes to Centerbridge
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MI service tax to hurt company turnarounds
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Repo men on a roll
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Mass Torts:

We owe you what!!?!!? The Federal-Mogul Story
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Miss. lawyer gets prison time for fraudulent claims in Fen-Phen case
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Wall Street:

The Man Who Won as Others Lost
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Strong Gains in U.S., Except by Comparison
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The Capital of Capital No More?
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Revolving door keeps turning at centre of risky business
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Boom and Doom
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Lessons from the '87 Crash
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Real Estate:

On Mortgage Brokering
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Banks May Pool Billions to Stop Securities Sell-off
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Citigroup, Bank of America Lead Banks Creating Fund
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Is it a Bird? Is it a Plane? No, it's Superconduit!
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Treasury officials seek to help battered SIVs
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Lenders can't shovel all the blame on borrowers
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MA gov Patrick to press mortgage companies
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Wilbur Ross Sees Mortgage Market Rising in Subprime Debt's Wake
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Countrywide lending falls 44%, big loss expected
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Some lenders give troubled homeowners a break, but for most the outcome is foreclosure
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Lenders failing to really help troubled borrowers
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Altering mortgages tricky
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Many Consumers Blame Banks, Lenders for Subprime Mortgage Woes
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Beazer Homes Reports Surge In Cancellations of Orders
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Leave it to Beazer: Loan Rules Breached
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The next real estate shoe drops: contractors group warns about rapidly rising construction costs
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Furniture manufacturers feel mortgage slump's effects
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Fannie, Freddie unlikely to stem mortgage woes
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I.R.S. Looks at Mortgage Securities
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Hedge funds' move alarms homeowners
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Moody's downgrades $33.4 billion of subprime bonds as housing crisis continues
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Boat 'rackominium' offers twist on condo woes
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The latest battle in the war against the poor
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GA Lawyer Cooperates in Mortgage Fraud Trial
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I Have Not, Therefore, I Must Have
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Judges:

"There are no 'private' communications, at least not proper ones, with the court"
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Pensions:

Cash-strapped Americans raiding their 401(k)s
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Economy:

Credit crunch, weaker dollar take toll on US economy
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Sniffles That Precede a Recession
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Paulson Pressured by G-7 Demands to Aid Dollar, Credit Markets
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Corporate treasurers holding record level of cash
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Globalization and Inequality
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Globalization and Inequality - Posner Response
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Oil/Gas:

Future of ethanol plants 'not a pleasant scenario'
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Politics:

How Housing Turmoil Could Hurt Republicans in '08
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Corporate Governance:

Greenspan on Corporate Governance
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Software:

Boies Schiller Asks Bankruptcy Court To Let It Be SCO's Special Litigation Counsel
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Debt Collection:

Bad check collector claims governmental immunity
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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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Bankruptcy Reform:

A hedge fund that has cleaned up by shorting subprime has given $15 million to a nonprofit lobbying for passage of bankruptcy legislation
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Credit Reporting:

Lockdown Privileges Spreading
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Fewer Restrictions on 'Freezing' Credit Files
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If Credit Scoring Is a Sport, the Goal Is 850
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Horse Racing:

Jockeys' Guild files for Chapter 11 bankruptcy
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Food/Drink:

Jays expected to be sold in conjunction with bankruptcy filing
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Winn-Dixie bankruptcy has a lesson
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Jays expects sale, job cuts
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Bankruptcy Reform:

New Bankruptcy Law Teaches Debtors Financial Lessons
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Accounting:

New Audit Standards Pricey for Clients
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Pre-Gaming the KPMG Trial
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KV Takes Medicine for Option Goof
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Sales:

Deal Protection Measures and Termination Fees
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Aviation:

Minnesota company joins bidders for Columbia Aircraft
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American faces tricky union talks
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Taken for a ride by US Airways
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Union again targets Delta
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Enron:

Yet another expose' on Enron 'integrity'
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Student Debt:

Students' debt burden
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Forest Products:

County has a Palco freakout
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Hedge Funds:

Trader says he was told to take pills to make him feminine
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Bear Bets Wrong
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Asset Protection:

Marital settlement agreements
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Chemicals:

Solutia says Bank of NY Mellon Group overstating debt claims by $40M
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Celebrity:

Jacko Gives Bahraini Prince Royal $$$ Pain
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Theme Parks:

Cypress Gardens Sale To Close Monday
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Mirabilis Ventures announces lawsuits to recover $285M in losses
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Weird News
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Man In Full, Workout Scene
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UK:

Virgin recruiting heavyweight chairman in Northern Rock bid
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Northern Rock's Billionaire Buyout
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Northern Rock Confirms Talks With Interested Parties
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Northern Rock shares fall 20%; FTSE inches up
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Allen & Overy accepts second role on Northern Rock saga
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Sidley next to gain from Northern Rock
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Rock suitors offer 'nothing' for shares
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America to press for restrictions on potent sovereign wealth funds
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Central bankers got us in this mess
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Credit crunch spells cash flow danger for trade suppliers
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People are "bottling up" debt concerns
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New Zealand:

Questions Over Collapse Of Feltex
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Germany:

Flowtex Creditors Lose Fraud Case Over State Audits
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Canada:

Cirque Niagara folds tent under debt
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Happy hunting for Canada's Big Five banks
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Japan:

Nomura to Post Pretax Loss, Cut Jobs on Subprime Woes
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Russia:

Russia expands lawsuit against PwC over Yukos involvement
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