One issue that will likely arise in the Delphi bankruptcy case is the disposition of the collective bargaining agreements between Delphi Corporation (and its 38 other debtor entities) and members of various labor unions. Because Delphi filed in the Southern District of New York, Delphi probably now has the upper hand in any future negotiations, [...]

The largest supplier to the auto industry in the US filed for bankruptcy in New York on Saturday. Here is a quote regarding that filing from an article in the online newspaper, My Way:
“Troy, Michigan-based Delphi has struggled since its spinoff, posting net losses of $741 million in the first half of 2005 alone. [...]

The Justice Department yesterday waived a requirement of a new bankruptcy law set to take effect this month to exempt people whose personal finances have been hurt by Hurricane Katrina.
The waiver will allow people in Louisiana and the southern district of Mississippi to file for bankruptcy without first undergoing mandatory credit counseling.
Tougher new bankruptcy [...]

United Airlines, in bankruptcy since December 2002, has secured a three billion dollar loan package that will be used to assist the airlines in emerging from bankruptcy.
JP Morgan and Citigroup will be the joint lead arrangers for the loan package. The finance package will go to repay debts incurred during the bankruptcy and to [...]

One of the new requirements enacted by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the “Act”) is that debtors must receive credit counseling (see approved list linked here: http://www.usdoj.gov/ust/bapcpa/ccde/cc_approved.htm before filing bankruptcy.
Concerns were raised about this requirement and how it applies to people who were solvent prior to losing their assets [...]

may or may not be a good idea; however many firms are still pursuing companies in chapter 11 either as a purchaser of assets out of the chapter proceeding or as a D-I-P lender to that company while it is still in the proceeding. I have written a book on the topic of buying [...]