November 1, 2012

The Daily Bankruptcy News

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Law:

Some Law Firms and Courts in Storm-Ravaged Areas Remain Closed --- Hurricane Sandy Closes Law Firms, But Attorneys Still Working --- Storm's Aftermath Calls for Patience, Determination --- Photo Essay: After the Storm --- Southern District Courts Update --- New York courts slowly reopening in Sandy's aftermath --- Law firms reopen in Sandy's wake --- One Lawyer's Sandy Saga Runs Through the Supreme Court
(DBN)

Dewey Estate Moves to Shed Dozens of Creditors' Claims
(DBN)

Boies Schiller Fires Back After Solo’s Suit Claims the Firm Stole His Mass Tort Clients
(DBN)

Wachtell, Skadden, Kirkland, King: Business of Law
(DBN)

When a Law Firm Can’t Even Spell ‘Lawyer’ Right…
(DBN)

Obama and Romney have thousands of lawyers in place in case Sandy screws up the election --- Conservatives are freaking out about Christie and Obama
(DBN)

Partner Meetings (Part 2)– What Should Happen
(DBN)

House Rules: Happy Halloween
(DBN)

Slaughters cuts back bonuses once more with associates to receive 5%
(DBN)

Love-rat boxer Amir Khan betrays fiancee with Marbella romp with lawyer
(DBN)

Obama + Christie: When 2 lawyers put their heads together during national disaster
(DBN)

Spooky tales of notorious lawyers
(DBN)

Ranking The Worst ABA-Accredited Law Schools
(DBN)

Law School Transparency: Cautionary tales --- The debt spiral --- Trick or treat
(DBN)

Law Schools Opt for Downtown Locations Closer to the Legal Action
(DBN)

At Saint Louis University School of Law, Things Are Starting To Get Ugly
(DBN)

Will Hurricane Sandy Blow Back Finals?
(DBN)

On the Surface With Windows 8
(DBN)

Lawyer iPad Stories
(DBN)

Ex-Law Partners Blast One Another in Court
(DBN)

No, You Should Not Repeatedly Call 911 To Get The Phone Number For The Local Republican Headquarters
(DBN)

Cop Tased Kid During Career Day Presentation
(DBN)

How Lawyers Would Botch The Zombie Apocalypse
(DBN)

Mug Shots --- Mug Shots 2
(DBN)

Law secretary gets 3 years for embezzling
(DBN)

Federally Convicted of Helping Client Launder $200K, Prominent Defense Lawyer Gets Over 3 Years
(DBN)

A Takedown Of The ‘Takedown Lawyer’ (If He’s Even A Lawyer, That Is)
(DBN)

The Guy Who Claims To Own Half Of Facebook Just Lost His Eighth Lawyer
(DBN)

Granted a Trial After Taking a 20-Year Plea, Man Is Again Convicted of Murder, Gets 45 Years
(DBN)

Drunk woman tries to save wild ducks in raging river during Sandy
(DBN)

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Judges:

Indianapolis: Local lawyer appointed federal bankruptcy judge
(DBN)

Jim Carr Appointed U.S. Bankruptcy Judge in Southern District of Indiana
(DBN)

Thomas Lynch Appointed U.S. Bankruptcy Judge in Northern District of Illinois
(DBN)

The Violin Dreams of Supreme Court Justice Antonin Scalia
(DBN)

Vegas Judge, 5 Others Federally Indicted re Claimed $3M Fraud Scheme
(DBN)

Dog Day At The Supreme Court
(DBN)

Texas Judge Allegedly Flipped Out At A Pregnant Woman And Then Stormed Out Of The Court
(DBN)

Manhattan Federal Courthouse Closed for Week by Storm
(DBN)

At Manhattan federal court, working with the lights out
(DBN)

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Wall Street:

Stock index futures point to slightly lower start
(DBN)

Stocks End Flat, Dow Falls 2.5% for October
(DBN)

Sandy Hits Electronic Markets --- Knight Shuts Down Stock Trading After Backup Power Fails
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

UBS Head: Other Banks Need to Downsize Too
(DBN)

Job Cuts Surge 41% To A 5-Month High
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Trucking:

Ultimate Transport parks in Chapter 11
(DBN)

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Brokers:

House panel to release results of MF Global review
(DBN)

MF Global Ghost Still Terrifies Average Investors
(DBN)

MF Global Unit Administrator Says 90% of Funds Recovered
(DBN)

On MF Global Anniversary Something Still Missing
(DBN)

There’s No Business Like the Brokerage Business
(DBN)

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Gambling:

Silver Legacy owners eye sunnier days
(DBN)

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Lehman:

Hedge Funds Buying And Selling Lehman Claims
(DBN)

Lehman, Affiliates Had $14.3 Billion in Restricted Cash
(DBN)

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Banking:

JPMorgan sues former London Whale boss
(DBN)

Nova Financial Files to Liquidate Under Chapter 7
(DBN)

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Student Debt:

"Undue Hardship" Under Section 523(a)(8): Can the Debtor's Student Loans Be Discharged?
(DBN)

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Economy:

Healing America’s Economy: Obama vs. Romney Which candidate has the better plan for reviving the economy?
(DBN)

US is nearing its debt ceiling again, Treasury Department warns
(DBN)

The world's biggest economies seem to be turning the corner
(DBN)

It's Not Just a Low-Wage Recovery
(DBN)

Where New York's 1 Percent Sought Refuge After Hurricane Sandy
(DBN)

Global shares trade flat, gasoline up after storm's damage
(DBN)

Prairie Blocks submits new bankruptcy plan
(DBN)

GDP Performance and Presidents Since 1900
(DBN)

Ally (GMAC)Pays Back $2.9bn in FDIC Debt
(DBN)

There's Been A Shift In Thinking On The Global Economy — And It's Bad For The United States
(DBN)

Here Comes An Economic Data Deluge Like Nothing We've Ever Seen
(DBN)

The Two Men Most Likely To Be Mitt Romney's Fed Chief
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Few housing solutions offered in presidential race
(DBN)

Office, retail markets on road to recovery
(DBN)

PMI Group Ends Fight With Operating Unit Over Tax Benefits
(DBN)

Construction lien payments: trust funds or not?
(DBN)

Judge’s Ruling Moves Beale’s Future Forward
(DBN)

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Fraud:

Judge lets St. Ben's keep Petters ' $2 million donation
(DBN)

We did what banks wanted, UBS trader on trial says
(DBN)

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Aviation:

American Airlines pilots picket at Dallas/Fort Worth Airport
(DBN)

American, Sabre settle argument over booking systems
(DBN)

Hawker Beechcraft plans flight out of Ch. 11 with $530 million exit loan
(DBN)

Payments to former Pace employees held up
(DBN)

Details of Hawker Beechcraft aborted deal revealed
(DBN)

Airline Failing That Passengers Love
(DBN)

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Corporate Reform:

In new report, consumer financial agency details range of violations
(DBN)

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Pharma:

Inspiration Biopharmaceuticals files Ch. 11; plans asset sale
(DBN)

Boston-area pharma plant goes up for auction to pay debts
(DBN)

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Tax:

Bankruptcy Court Approves Innovative Plan Preserving Solyndra's Valuable Tax Attributes Over DOJ Objections
(DBN)

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Alternative Energy:

New emails point to political influence on energy loans
(DBN)

Two GOP senators criticize stimulus for battery company
(DBN)

Abound Solar: Ex-NREL exec defends bankrupt firm, government investments in renewables
(DBN)

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Celebs:

There's No Money in Indie Music: Cat Power Is Broke
(DBN)

NCAA Should Investigate Bankruptcy Case Of Arkansas Football Coach John L. Smith
(DBN)

'Octomom' Nadya Suleman Checks Herself into Rehab
(DBN)

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Hotels:

Trial opens against LNR Partners in $40M Sagamore Hotel foreclosure dispute
(DBN)

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Retailing:

Texas company makes $4.5M offer for Vann's
(DBN)

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Distressed Investing:

KPS Said to Seek $3 Billion for Special Situations Fund
(DBN)

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Municipalities:

Mammoth Lakes Bankruptcy Update
(DBN)

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Health Care:

Judge allows bankruptcy trustee to dispose of hospital medical records
(DBN)

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Golf:

Homes could replace former Highland Country Club
(DBN)

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Religion:

Seattle principal resigns after abuse accusation
(DBN)

Crystal Cathedral: Rev. Schuller goes to court
(DBN)

Former Crystal Cathedral vendors have moved on
(DBN)

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Equipment Rental:

Judge orders Ahern to show first draft of reorganization plan
(DBN)

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Autos:

Romney campaign challenges criticism by automakers --- Biden calls Romney auto ad an 'outrageous lie' --- GM on Romney: 'Campaign politics at its cynical worst'
(DBN)

Mitt Romney's Auto Bailout Stance Is Killing Him In Michigan
(DBN)

Lighthouse Imports to hire restructuring executive
(DBN)

GM Profit Drops 12% As Tough Slog Continues In Europe --- GM Plans More Cost Cuts in Europe
(DBN)

Battery firm's bankruptcy threatens high-end carmaker
(DBN)

Auto industry touted by Obama still rubs some industry retirees the wrong way
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Professional Compensation:

Retaining the professional retainer when the client is in financial distress
(DBN)

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Plan Confirmation:

Separate Classification of Deficiency Claims in Chapter 11 Plans
(DBN)

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Cross-Border:

Cross-border insolvency: challenges continue as UK Supreme Court rejects Canadian approach
(DBN)

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Litigation:

“All Knowledge Is Inferential” – Bankruptcy Court Rules that “To the Best of My Knowledge” Does Not Suggest that a Declarant Does Not Have Personal Knowledge
(DBN)

How to Preserve Data When You Can't Trust Your Adversary
(DBN)

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Insurance:

Sandy's Business-Interruption to Fuel Insurance Costs
(DBN)

Insurers Face 'Wild Cards' in Assessing Superstorm Sandy --- Insurers Equipped to Pay $10 Billion in Hurricane Sandy Losses --- $60 billion in Superstorm Sandy devastation --- Sandy May Be the Fifth Biggest Hurricane in US History--- Sandy won't blow away insurers
(DBN)

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Weather:

No Electricity, No Subway, No Problem --- No Power, No Food. Death Toll Keeps Climbing --- Sandy's Economic Costs? $50bn and Counting --- The Long Struggle to Recovery Begins --- A State by State Look at Sandy's Aftermath --- Google Releases Hurricane Sandy Disaster Response Resources --- NYC’s subways rolling again 3 days after tunnels flooded by Sandy, but not all lines operating --- What Good Is a Gas Station (Or a Generator)If Gas Can't Be Pumped? --- Airlines Begin a Laborious Comeback --- 'Hurricane Deductible': Technicality Could Cost (or Save)Homeowners Thousands --- Battered New York City Residents Organize Their Own Relief Efforts --- Into The Heart Of Darkness In Lower Manhattan [Photos] --- Total Gridlock In Manhattan Has Caused A 'Transportation Emergency'
(DBN)

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UK:

Self-employed barristers' earnings put at £2bn a year
(DBN)

Solicitors putting barristers under increasing pressure to pay referral fees, Bar Council warns
(DBN)

Anthony Hilton: Maybe there are too few insolvencies...
(DBN)

Oldco Rangers enter liquidation --- Rangers administrator locked in battle to appoint oldco liquidator --- Judge demands BBC tapes as 'old' Rangers goes into liquidation
(DBN)

County hospitals 'are not in danger of going bankrupt'
(DBN)

Naming and shaming of tax dodgers not far away
(DBN)

Administrators sell British boat company in pre-pack
(DBN)

UK: Personal Incomes Stagnant for 12 Years
(DBN)

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EU:

Eurozone Unemployment Hits 11.6%
(DBN)

Euro Heads for Permanent State of Depression
(DBN)

The Depressing Truth About Europe's Youth Unemployment Nightmare
(DBN)

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PIIGS:

Greek Gov't Coalition Shatters --- Greece risks bankruptcy in mid-November --- Progress in euro zone talks on Greece, no deal yet
(DBN)

ie: Sean Quinn and son face High Court hearing
(DBN)

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Canada:

Pocklington back in court in bankruptcy case
(DBN)

Douglas & McIntyre more than $6-million in debt --- Giller-winner Will Ferguson among Douglas & McIntyre creditors
(DBN)

D&M demise not the last word on the health of the book business
(DBN)

Ottawa families face bankruptcy decisions
(DBN)

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Australia:

The rotten world of debt recovery
(DBN)

Judge accuses debt collector of blackmail
(DBN)

Australia's Economic Problems Continue
(DBN)

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Japan:

Sharp issues survival warning as it forecasts huge loss
(DBN)

Panasonic Set to Lose $9.6bn
(DBN)

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China:

China's Government To the Rescue As Solar Crisis Deepens
(DBN)

China Manufacturing Up in October
(DBN)

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India:

Kingfisher Woes Show Need for Bankruptcy Law
(DBN)

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Viet Nam:

30% of seafood companies on the verge of bankruptcy
(DBN)

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MENA:

Dana Gas in talks after missing bond deadline
(DBN)

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Copyright 2012