September 13, 2007

Daily Bankruptcy News

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Law:

Images to Help Law Firms Recast Their Image
(NYT: separate free registration required)

Bad Image Lingers for Atlanta Lawyer With TB
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Private Equity Firms Increasingly Hire In-House Counsel
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Calif. Law School Dumps Chemerinsky as Founding Dean
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Dean for a Day?
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Perk Watch: Equity Compensation Schemes
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Part-Time Lawyering Makes Inroads at Large N.J. Firms
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What Is It About Boston Legal Firms? Trend-Breaking Law Firms
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Few Women Choose to Practice Solo
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Senate Democrats Plan to Block Ted Olson if Nominated as Next Attorney General
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Racketeering Lawsuit by Biovail Backfires Against Company and Lawyers
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Who Is This Fall's 'It' Firm?
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Locke Liddell and Lord Bissell Finalize Merger
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BigLaw Firm Wins Latest Round in $71 Malpractice Fight
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Being Late for Court Is Not Unconstitutional
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'Justice', Law Firm Mule Mascot, Stolen
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A Song Dedication to Judge Herman Thomas
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Partner alternatives gaining acceptance at top firms
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Say What?!
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Court Grants Defendant's Motion to Dismiss for Failure to Plead Fraud with Particularity
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Politics:

Warren: Dems Gone Wild
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Economy:

Economy will hover near recession
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California economy weak, but no recession seen
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IMF predicts only 'moderate' US slowdown
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Economic forecasters increased their odds that the U.S. will slide into recession over the next 12 months to 36%
(WSJ: separate paid subscription required)

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Food/Drink:

Trustee wants judge to approve Le-Nature's sale to Giant Eagle
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Bonuses at Nutritional Sourcing Delayed
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Interstate Bakeries reports monthly loss, cutting 215 jobs
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Interstate Bakeries now has second union breaking off talks
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Brewery's new owners face two deadlines
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Telecoms:

Federal Bankruptcy Judge Rules for Change of Control in ICC Case
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Alcatel-Lucent Posts 3rd Profit Warning In A Year
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Hedge Funds:

How To Profit From Major Mistakes - Getting Paid To Clean Up Your Own Mess
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Barclays Bails Out Avendis Fund
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Ex-Amaranth Trader Lands Consulting Gig
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Goldman Sachs' Global Alpha fund falls 22.5% in August
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Hedge fund investors bracing for lower returns
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Rating Agencies:

EU Regulators to Asses Rating Agencies
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How Will the SEC Rate the Rating Agencies?
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Lending:

Shaking Off the Credit Nightmare
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Asset-Based Loans Surge in Tight Market
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Squeeze starts to hit asset warehousers
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Corporate Reform:

Whistle-blowers are still in line of fire
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Ney's Former Chief of Staff Gets Probation in Abramoff Corruption Scandal
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SEC Charges 4 More Former Nortel Execs
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Book Review: Greed and Corporate Failure: The Lessons From Recent Disasters
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Waste:

Trash hauler says bankruptcy won't affect service
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Real Estate:

Judge rejects First Magnus request to dissolve Long Mortgage
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Judge lets Long, First Magnus split
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Worst August for CA home sales in 15 years
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Paulson points to sub-prime blame
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Paulson Asks Executives to Help in Mortgage Crisis
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The Downside of Homeownership, Part 2
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Is Countrywide the next Enron?
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Mortgage Rejection Rates Higher in 2006
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Freddie Mac concerned about American Home Mortgage loans
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Judge OKs Ownit's Ch. 11 Plan Outline
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Beazer turns to court to keep creditors at bay
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Citigroup: Subprime business "looks pretty good"
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Housing Bust Hits Enclave of Super-Rich
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HomeBanc transfers loan servicing to JPMorgan
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Incomes slip with housing market
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Ruling due on Kara reorganization
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Judge approves Kara reorganization
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Lender Battles Could Cost Homeowners
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State banking officials see problems with altering subprime terms
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Paulson says subprime woes will linger
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Dolan Media Falls in Love With Foreclosures
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US Senate OKs HUD Appropriations Bill With Foreclosure Help
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Trump Tower Builders Buy Time
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U.S. Fed Says Minorities Denied Home Loans More Often
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Prepayment penalties add to subprime lenders' troubles
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Employees sue Countrywide over 401k plan
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Jesse Jackson calls for 'summit' on foreclosures
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A Home Loan Trap
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Freddie Mac Seeks to Get Mortgages' Paperwork
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Religion:

Secret Fees for Spokane Lawyers?
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Health Care:

Ombudsman cares for patients when facilities in the red
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Jury award sends heart practice into Chapter 11
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US health insurance costs rise nearly twice as fast as pay
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Dimensions: Hospitals won't close this year
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Tax:

H&R Block sees $19 mln charge from restructuring
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Aviation:

US Airways to hire 350 pilots
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Cut delays or else, airlines told
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Computer Services:

EDS Turnaround Under Jordan Proves in Need of Fresh Turnaround
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Retailing:

Target mulls sale of credit card receivables
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Student Debt:

Student loan default rate is 5.3% in fiscal 2005
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Media:

USVI media holding company bankruptcy judge gives trustee control
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Adelphia Announces Additional Information Regarding Distributions Made to Holders of Allowed Claims Against Adelphia Communications Corporation and Subsidiaries
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Utilities:

Rosetta say court OKs partial accord with Calpine
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Utility has only month to steam ahead
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Prosecutor's husband accused of bankruptcy fraud settles lawsuit
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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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Bankruptcy Claim Auctions
Trade Receivable Exchange
Sell your Chapter 11 claim to the highest bidder
Are You Getting the Best Price?

Predatory Lending:

Former Lender Employees Urge Payday Loan Limits
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Advocates worry about flood victims turning to payday loans
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So what's the problem with payday loans?
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Cash Management:

Sentinel's Bears seats spark tiff
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Movie Industry:

Movie Gallery to Miss Interest Payments
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Autos:

General Motors pursuing two-tier pay deal
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UAW chief Gettelfinger said he is willing to agree to the creation of a health-care trust fund to allow Detroit's auto makers to shed about $95 billion in retiree costs
(WSJ: separate paid subscription required)

Judge puts 43 m.p.g. in view
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Delphi Execs Could Get $37.6M in Bonuses
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UAW's president signaled a willingness to create a union-controlled health-care trust fund, but a deal is far from certain
(WSJ: separate paid subscription required)

Ford Says It Wants a Total Sale of Jaguar and Land Rover
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Chrysler union workers protest job cuts
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Enron:

Rapoport on 'honest services'
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Celebrity:

'90s country star's bankruptcy deepens
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Theme Parks:

Wild West hearing scheduled for today
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Ponzi:

Boss of bankrupt VesCor Capital offers investors no explanations
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Trucking:

Truckers stranded as TRAC closes
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Theater:

Lyric fans get partial refund
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Defaults on Risky Debt Expected to Double
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UK:

Bad Debtors Aren't Bad People
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UK fund firm Forsyth Partners in administration
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King blames banks for taking too many risks
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The banks' debts are your problem
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Ernst & Young escapes truckmaker liability
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Korea:

Korea's Construction Companies Going under En Masse
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Germany:

Germany to sell stake in subprime-hit bank IKB
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Canada:

Dodge blames complex market for credit crisis
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Hard-luck bankruptcy wage bill bounced again
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Canadian house prices ripe for a fall
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Xceed Suspends Dividend Payment as Debt Costs Rise
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Japan:

Japan Hedge Funds Have Worst Month in 7 Years
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