September 24, 2007

Daily Bankruptcy News

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Law:

NY Name Partner Indicted, Could Face Up to 40 Years in Prison
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Job Market Wanes for U.S. Lawyers
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The Dark Side of the Legal Job Market
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Bias Suit Claims Cozen Promotes 'Compliant' Women
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The Law School Investment - Is It Still Worth It?
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Students Seek a More Reasonable Law Firm Life
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Law Firms Are Priced Out of San Francisco Bay Area Views
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What's Up With That Deer Valley Trip? Quinn Emanuel Partners Speak
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Bonus Watch: Chicago
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GCs given bump in pay
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Law firm will go after subprime debt cases
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Judge Paul Cassell Resigns, Bemoaning Low Judicial Pay
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D.C. Firms Lag
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UK Merger Talks Hotting Up
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UK Firms Not in a US-Merging Mood
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London Calling: But Who's Ready to Dance?
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Manhattan Transfer: BigLaw Firm Shuttering Local Office, Shuffling Attorneys to NY
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Name Recognition: Giuliani the Name Partner Giving Rudy the Candidate Texas Boost
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BigLaw Firm Sued for Gender Discrimination
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Firm Edits Notorious Client From Online Encyclopedia Listing
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Apple CEO, Law Firm May Play Role in GC Case
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Will Qualcomm Discovery Dispute Come to Light?
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False Liens Filed Against Federal Judges Land Inmate 20 More Years
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Say What?!
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Baker & McKenzie's New Managing Partner Runs With a Pack
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The Appendix on Appeal: The Good, the Bad and the Ugly
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A New Dance Craze Sweeping the Nation: The Un-Recusal
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A Law Firm Can Not Live In The Past
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O.J. Simpson going down like Al Capone?
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Google Docs Roils Legal Tech
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Signs that you just might need a new lawyer
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Lawyerly Lairs: Star Litigator Bails Hedge-Funder Out of $8 Million Mansion
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Suing God
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They Eat Horses, Don't They?
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Real Estate:

Investor Known for Turnarounds Looks at Mortgages
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Wilbur Ross offers $435 million for American Home Mortgage unit
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Brokers see steep drop in lending
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Frustrated New Yorkers Grapple With Loan Rates
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Guess Who's Feeling the Mortgage Pain?
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The house-of-cards effect may already be happening.
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HSBC to Close US Subprime Mortgage Unit, Cut Jobs
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As the Mortgage Industry Tumbles, Employers Begin to Feel the Effects
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No resort here - just inquiries, lawsuits
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Housing Slump Spurs Rentals and Complaints
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Some in trouble save credit card, lose home
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A Reality Check for Home Sellers
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American Home says it will pay tax bills
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Lawyer Pleads in $20 M Mortgage Scam
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With lenders struggling and home loans shuffling, it's up to homeowners to keep tabs on their mortgages
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An eerie moment in subprime collapse
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Buyers finish work when builder tanks
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Housing-bust 'poster child' needs counseling right now
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Judgment against developer Gary Bradley upheld
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Its glory days gone, lender sold in pieces
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Vermont Plywood closes its doors; 35 out of work
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Judge: Don't blame court, First Magnus could have paid employees first
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Homebanc OK'd to Pay Bonuses
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Predatory Lending:

Another Payday Lender Leaving Oregon
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Pennsylvania chasing out payday lenders
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Aviation:

US airlines in court over 'dirty tricks' in bankruptcy
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Mesa Air Puts Finance Chief on Leave Amid Probe
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Judge denies request to move Security Aviation to Chapter 7
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Senate panel tweaks pension aid for American and Continental
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Pan Am Alleges Sheppard Mullin Helped Ex-GC Conceal His Fraud
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Economy:

Fed's rate cut may spark global chaos
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The Great Inflation Mystery, Still Unsolved
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The Fed's rate cut last week addressed the risk of recession and a breakdown in credit markets. But by lowering rates before it really wanted to, it revived the fear of inflation
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Bernanke: The anti-Robin Hood
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Autos:

Gettelfinger 'shocked and disappointed' in GM, UAW set to strike
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GM faces tough choice on jobs to get UAW deal
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GM, UAW Close to a Deal
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General Motors Faces Auto Union Strike Deadline Today
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GM, the UAW and VEBA: Negotiating a health care trust
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GM, Union Talk for 9th Day After Deadline; Health Accord Near
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Auto workers fleeing to health-care jobs
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Health-Care Talks Make UAW Retirees Wary
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GM workers divided over what UAW should give - if anything
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GM workers in Lansing express their skepticism
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Dana shareholder makes offer on bankruptcy exit
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Magna woes crimp Chrysler
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Auto dealers fight economic slowdown
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Health Care:

Warren: The Facts That Matter
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Financial Woes Jeopardize CA Hospitals
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More Profit and Less Nursing at Many Homes
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Private Equity, Public Inequity
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The Care/Profit Tradeoff in Nursing Homes
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Retro Medicine: Doctors Making House Calls (for a Price)
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Eliminate the middleman to control costs
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SCHIP Fact Check
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Commission mulls cures for hospitals' fiscal ills
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Usury and Universal Healthcare
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Survival of the Compassionless
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Hospital's plan to shut hits home
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Wall Street:

Credit Crunch Rattled Wall St. Powerhouses
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A Big Lift, or a Sign of Trouble?
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Goldman Sees `Bottom' as Besieged Wall Street Can't Yet Concur
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Historical Parallels To Today's Stock Market
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Hedge Funds:

UK investors to battle Bear Stearns
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From Russia With Cash: Seeding a Hedge Fund
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Hedge funds to appeal ruling against Cayman bankruptcy
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Citadel sees Chicago as staff's kind of town
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Funds that mimic hedge funds mirror their losses, too
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Carlyle Capital rescue illustrates problems in financial world
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Blackstone and other PE firms losing support in fight to block tax hike
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Credit Counseling:

Credit counseling delays inevitable
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Personal Finance:

Son's lesson on saving becomes a fee frenzy
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Stop 401(k) contributions for a year to conquer $14,000 in credit card debt
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Why Dave Ramsey Hates Bankruptcy
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Bankruptcy Statistics:

Bankruptcies on the rise in southwestern Ohio
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Bankruptcy on upswing
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Golf:

Owner Of Running Horse Wants To Finish What He Started
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Telecoms:

Prosser bankruptcy battle wages on
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Theme Parks:

Amusement Park Bankruptcy Claim Offers Its Own Ride
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Municipalities:

Beyond belt-tightening
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Politics:

Judicial Watch Calls on Justice Department to Investigate Hillary Clinton's Brother Tied To Loans From Bankrupt Company
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Layoffs:

Survivors of downsizing left with more work, stress
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Mass layoff events and initial claimants for unemployment insurance, September 2003 to August 2007, seasonally adjusted
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Banking:

77-year old takes on bank fees -- and wins!
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Venue:

When to make your move
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Claim Allowance:

The Best Of Both Worlds: Can A Secured Creditor Get A Section 503(b)(9) "20 Day Goods" Administrative Claim Too?
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Increasing Your Dividend: Including Attorney's Fees As Part Of Your Prepetition Claim
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Corporate Reform:

Prosecutors Seek Tougher Sentencing Rules for Former Brocade CEO
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Securities Suits Rise
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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 Claim Auctions
Trade Receivable Exchange
Sell your Chapter 11 claim to the highest bidder
Are You Getting the Best Price?

Bracing for biz, restructurers see boom in busts
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Accounting:

SEC faults three National Century auditors
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Ex-Auditors Settle Securitization Charges
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KPMG Prosecutors Claim Secret Defense Pact
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Great Moments in Accounting
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US think-tank criticizes 'absurd' fair value
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Judges:

New bankruptcy court judge named for SDCA (scroll down)
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Food/Drink:

RJ Gators brings $2 million
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Planet Hollywood Is Back (Again)
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Discharge:

Court: Harassment Decree Excluded From Bankruptcy Filing
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Labor:

"We wouldn't want to hire someone who has declared bankruptcy for instance because that reflects their ability to manage money" -- Umm, 525(b)?
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Student Debt:

Federal bill measure may reduce costs of pursuing higher education
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Crushing debt
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Sallie Mae to Buyers: Seal the Deal
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Tax:

Tax Fairness Coalition urges full funding of IRS Debt Collection Program
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Who is the Tax Fairness Coalition? (scroll down)
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Debt Collection:

Collecting Bills? Put Your People Skills to Work
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Software:

SCO's Finances May Come Crashing Down
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Furniture:

Bombay Co. files for bankruptcy: The Wal-Mart Effect?
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A Viable Alternative to Bankruptcy
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UK:

Aim firm Erinaceous, in emergency talks with lenders
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British give Americans run for their money in debt
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Scheme for savers after Northern Rock crisis would hit banks with £7bn bill
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Northern Rock 'made reckless loans'
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Probe into UK bank crisis widens
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British Stoicism Is No Match for Easy Credit
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Brown says King brilliant Bank Governor
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Brown May Appease Northern Rock Anger by Sacrificing Investors
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No Bank Bailouts, Briton Says
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Brown Defends Government Handling of Northern Rock
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Investor warns on Rock short-sellers
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Northern Rock bosses don't need mortgages on their palatial homes
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Credit crunch providing rich pickings for vulture funds
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The muddle markets of British banking guarantees
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Bank Run or Stealth Bailout: Global Credit Crisis hits Main Street
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Brown in the hot seat over Northern Rock advice
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White knights shying away from buying Northern Rock
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Northern Rock board to face sale pressure
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Hedge funds cash in on Rock's demise
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The credit turmoil that began with risky mortgages in the U.S. has affected lenders in the United Kingdom, a factor that could destabilize the housing market and the economy there
(WSJ: separate paid subscription required)

Vulture funds eye Northern Rock
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Barclays risks loss in sale of sub-prime arm
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My buy-to-let dream cost me everything
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Directors' pay is soaring
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Deloitte: dramatic drop in executive director numbers
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France:

Trichet Says French Finances Face 'Great Difficulty'
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Premier Says France Bankrupt
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Germany:

Deutsche Bank could take bigger hit
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