July 22, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

 

Law:

Big Law Firms in Trouble: When the Money Dries Up
(DBN)

In Detroit's ruin, law firms see land of new opportunity --- Am Law Firms, Local Shops in Drive for Detroit Work --- Detroit Lawyers' Track Record Ranges From Chrysler to Dodgers
(DBN)

Lawyer Laments Detroit Bankruptcy --- Bankruptcy expert: Filing clears way for 'cramdown on creditors'
(DBN)

Is Document Review Real Legal Work?
(DBN)

Baker & McKenzie, Bracewell, Simpson: Business of Law
(DBN)

The Inside Scoop on How to Be a Stellar Summer Associate
(DBN)

The Million Dollar Law Degree and Right-Sizing Legal Education --- A counterintuitive thought on the value of a law degree --- The Economic Value of a Law Degree: Summary
(DBN)

How—and Why—the Lawyer Bubble Keeps Growing
(DBN)

Patton Boggs unveils revamp
(DBN)

Legal Sector Marketing: This dog don't hunt
(DBN)

I went to law school and became a drug dealer
(DBN)

Law schools hope to beef up admissions by considering June LSAT takers
(DBN)

Who Are America’s Best-Paid General Counsel? (2013 Rankings)
(DBN)

When the Heat Becomes Unbearable, Make Lemonade
(DBN)

The Full Text And Video Of Obama's Speech On Trayvon Martin
(DBN)

Secret court lets NSA extend its trawl of Verizon customers' phone records --- Intelligence Officials Claim Snowden Couldn't Have Accessed The NSA's 'Most Closely Guarded' Secrets --- Former CIA Officer: Edward Snowden Is No Traitor --- No Warrant, No Problem: How the Government Can Get Your Digital Data
(DBN)

Pouncey won't comment on 'Free Hernandez ' cap --- Why players won't discuss Hernandez --- Tom Brady and Tim Tebow were worried about Aaron Hernandez
(DBN)

‘Trayvon Martin could’ve been me,’ says President Obama --- Full Text And Video Of Obama's Speech On Trayvon Martin --- Chris Wallace: No, Obama Isn't 'Stoking Racial Tensions' By Talking About Trayvon Martin --- Fox Tried Seven Ways To Get Zimmerman's Brother To Bash Obama --- The Stand Your Ground Law And The Zimmerman Trial
(DBN)

11 Things Android Owners Like To Say To Make iPhone Users Jealous --- 15 Gadgets That Will Make You Feel Old
(DBN)

Seven Summer Items Your Professional Wardrobe Cannot Do Without
(DBN)

You Could Make Your Life Better By Sending Five Simple Emails
(DBN)

Florida Nurse Terrorized by US Marshals in Warrantless Raid
(DBN)

Attack on boy at lemonade stand probed as possible hate crime
(DBN)

The Daily Life Of A Crime Scene Cleaner
(DBN)

Bizarre Incident at a Chicago Hotel
(DBN)

Florida Gaters Linebacker Antonio Morrison Arrested For Barking At Police Dog
(DBN)

Texas 'Prison Room' Discovered
(DBN)

______________

Judges:

Judge Steven Rhodes Selected to Oversee Detroit Bankruptcy
(DBN)

Judicial confirmation battle looms, despite deal on executive branch nominees
(DBN)

Posner tells how Internet research has helped him draft opinions
(DBN)

Lawyer Objects To Judge's Second Amendment Remarks - Annie Oakley
(DBN)

A peek behind the curtain: The governance of an Article III district court
(DBN)

______________

Wall Street:

US Stock Futures Point To Higher Open Ahead Of Existing Home Sales, Corporate Earnings
(DBN)

US stocks close mixed as tech stocks fall
(DBN)

______________

Layoffs:

The 17 Hottest Jobs For Recent College Graduates
(DBN)

June jobless rates rise in 28 states
(DBN)

The Next Social Contract
(DBN)

The River of Purchasing Power Dries Up at Detroit
(DBN)

Deception in Counting the Unemployed
(DBN)

Shilling: Why Fed Has Failed to Lower U.S. Unemployment
(DBN)

Top 5 best and worst California cities for unemployment
(DBN)

Google Cut 5,383 Jobs At Motorola Last Quarter
(DBN)

Barely Legal Things Employers Do To Keep Unemployed Applicants Out
(DBN)

America's Worst Companies to Work For
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Hollywood:

Hollywood big budget flops spell crisis
(DBN)

____________

Student Debt:

Paying For College Used To Be Like Buying A Car, But Now It's Like Buying A House
(DBN)

____________

Religion:

What the Milwaukee Catholic Archdiocese documents reveal
(DBN)

Ex-priest seeks $450,000 from Wis. archdiocese
(DBN)

____________

Personal Finance:

Why Setting A Monthly Budget Is Basically Impossible
(DBN)

____________

Food/Beverage:

 

How The Tom Collins Got Its Name
(DBN)

The Best Neighborhood Coffee Shops In Manhattan
(DBN)

____________

Politics:

Warren ruffling feathers in clubby Senate --- CNBC Strikes Out with Elizabeth Warren --- Elizabeth Warren , hard-liner --- Don't bank on a Glass-Steagall fix
(DBN)

Florida Democrat Alan Grayson is the most effective member of the House
(DBN)

____________

Mass Torts:

Judge Stops BP from Shutting Down Payments
(DBN)

____________

Gambling:

How Weil Helped Strike Landmark Indian Gaming Debt Deal
(DBN)

____________

Health Care:

Troubled Roseland Hospital hires new chief, board members
(DBN)

Financial Team Unable to Quantify Roseland Hospital Debt
(DBN)

Fitch: HMA is in Troubled Waters
(DBN)

US Hospitals Lay Off Thousands of Workers
(DBN)

____________

Turnarounds:

Lessons from a Logistics Turnaround Artist
(DBN)

Technology Turnarounds
(DBN)

____________

Coal:

For coal producers, life isn't a gas
(DBN)

____________

Economy:

Why Janet Yellen Should Be The Next Chair Of The Federal Reserve
(DBN)

The Fed's Economic Forecasts Are Already Looking Way Too Optimistic
(DBN)

Anger Over Cuts to Food Stamps
(DBN)

How Energy Is Used In America
(DBN)

Economic Recovery, Or Not?
(DBN)

The Economy Is Still A Huge Disappointment
(DBN)

G-20 Reaches for Growth as China Changes Lending Rules
(DBN)

Do Americans Believe Capitalism & Government Are Working?: Findings from the 2013 Economic Values Survey
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Lost in the desert: Proponents of eminent domain cause a political stir in N. Las Vegas
(DBN)

Latest Data Showing First Signs That The Interest Rate Spike Is Hurting The Housing Recovery --- Higher Rates Aren't Enough to Stall Housing --- Rising mortgage rates pose threat to refi jobs
(DBN)

Home Sales Probably Increased in June
(DBN)

California Home Prices Up 28.5% In June, Year Over Year
(DBN)

UBS Near U.S. Mortgage Bond Settlement as Profits Climb
(DBN)

Detroit housing market remains mystery after bankruptcy --- 15 Houses In Detroit You Can Buy For Less Than $500
(DBN)

15 Profitable Housing Markets For Real Estate 'Flippers'
(DBN)

20-Something Reveals What It's Really Like House-Hunting In NYC
(DBN)

____________

Municipalities:

Michigan Judge Says Detroit Bankruptcy Must Be Withdrawn --- The Order --- Detroit asks bankruptcy judge for order stopping state court pension cases -- MI State judge issues anti-bankruptcy TRO, criticizes bankruptcy filing for "not honoring the president" ---What's Happening in Detroit --- Michigan AG challenges judge's ruling that Detroit bankruptcy is unconstitutional --- Veteran federal judge to handle Detroit bankruptcy amid confusion over filing --- Pension Payouts May Turn on Whether State or Federal Law Prevails --- In Detroit’s Bankruptcy, Contracts Still Matter --- A Judge Tries to Hit Rewind on Detroit's Bankruptcy Filing --- Detroit bankruptcy filing came with only 5 minutes to spare --- Orr tells Detroit retirees: Your pensions, benefits are safe for 6 months amid bankruptcy
(DBN)

Bankruptcy Judge Steven Rhodes assigned to Detroit bankruptcy case --- Detroit Bankruptcy Judge Is Ponzi-Law Scholar Nearing Retirement
(DBN)

Detroit benefits from skilled leader
(DBN)

Detroit emergency manager defends bankruptcy, says city 'dug this hole'
(DBN)

Michigan governor at front, center of Detroit's bankruptcy no stranger to tough decisions --- Snyder on Detroit: 'Enough was enough'
(DBN)

All eyes on Detroit: Rick Snyder, Kevyn Orr, Jennifer Granholm talk bankruptcy on national stage
(DBN)

Bankruptcy shakes up Detroit, exposes Michigan and intrigues nation --- Detroit bankruptcy underscores the vulnerability of Michigan municipalities
(DBN)

Detroit bankruptcy: How fast will it go? --- Detroit Wants Initial Hearing in Bankruptcy Case on July 23rd --- City of Detroit wants bankruptcy fast-tracked --- Detroit's bankruptcy battle likely to be long and painful
(DBN)

Going, in Uncertainty, Where No Other Big City Has --- Detroit's bankruptcy may lead to more chaos
(DBN)

'Nothing works here' --- 16 things that are wrong in Detroit --- For many Detroit residents, the city has felt bankrupt for years --- Meltdown of Mowtown - Living in fear on Detroit's empty streets --- Residents grapple with poverty and unemployment --- Michigan Officials Seek to Reassure Residents Over Detroit Bankruptcy --- Word from the bus stop: Humans are not like ants and bankruptcy was not Detroit's only option --- What Detroit Has Going for It
(DBN)

Detroit’s Bankruptcy Reveals Dysfunction Common in Cities
(DBN)

A Growth Strategy for Post-Bankruptcy Detroit
(DBN)

Detroit Goes From Motor City to Junkyard --- Challenges Ahead --- Autos troubles, race at root of Detroit collapse --- How the Unions Killed Detroit --- Can Detroit Come Back Again? --- Cash Flow at Negative $198.5M --- Detroit Bankruptcy Sets Record for Insolvency
(DBN)

'Detroit is basically broke': cuts, cuts and cuts to follow bankruptcy filing
(DBN)

Detroit Bankruptcy Likely to Spark a Pension Brawl
(DBN)

The Harsh Lessons of Detroit
(DBN)

Six ways 'shrinking' cities try to survive --- Tear down chunks of Detroit: billionaire landowner
(DBN)

The Two Paths The Detroit Bankruptcy Has To Follow
(DBN)

Detroit got what it deserved
(DBN)

Bankrupt Detroit pins its hopes on becoming arts and technology hub --- Chance to reboot
(DBN)

'Bail out' Detroit? Obama administration says city, creditors will have to resolve insolvency --- Biden: 'We don't know' if government can help Detroit --- Why Obama won't bail out Detroit --- Obama team monitors Detroit; no bailout expected --- Conyers calls for hearings on Detroit's chapter 9 bankruptcy petition --- Rattner: Why Aren't Snyder And Obama Considering Partial Bailouts For Detroit? --- Detroit mayor doesn't rule out federal bailout --- Detroit mayor: City getting 'great support' from White House --- Gov. Rick Snyder: Government bailout is the wrong answer for Detroit --- Should The City of Detroit Get A Federal Bailout? --- Michigan Officials Stress Pension Cuts Unavoidable While Declining Federal Funds --- Bankrupt Detroit cannot wait for federal cavalry -city manager
(DBN)

We Have to Step In and Save Detroit
(DBN)

No money in Detroit, but no one wants a haircut
(DBN)

Detroit bankruptcy's next chapter: A velvet glove or an iron fist?
(DBN)

Detroit's Bankruptcy Is So 1990s
(DBN)

Should Hamtramck Erect A 12-Foot Wall To Keep Out Detroiters?
(DBN)

GM CEO: Auto industry had role in Detroit fiscal slide --- Why can't Detroit make comeback like Big Three?
(DBN)

Casinos, not cars, are keeping Detroit afloat --- Running out of time, Detroit gambles on municipal bankruptcy and casino money
(DBN)

Detroit Businesses See Opportunity In Bankruptcy --- Detroit startups: Biggest bankruptcy ever just sets up ‘greatest turnaround in American history’ --- Surprising Solutions for a Bankrupt City
(DBN)

Wall Street Weighs Detroit's Bankruptcy --- Detroit bankruptcy rattles muni bond investors --- Detroit bankruptcy won't harm Michigan, U.S. credit quality-S&P --- Michigan's Snyder Says Detroit's Bondholders Part of Bankruptcy --- Municipal Bond Selloff Accelerated By Detroit Bankruptcy Filing --- Detroit bond decision risks raising costs of other states --- Retirees must share some responsibility --- Retirees could bear brunt --- Detroit Troubles Don't Scare Away All Bond Funds --- Go Beyond Detroit for Muni ETFs Real Potential Problems
(DBN)

Detroit unlikely to make general obligation bond payments -Fitch
(DBN)

Detroit filing sends benefits warning to other cities --- Detroit sounds warning for Chicago --- How to Prevent Future Detroits --- Detroit not alone under crushing pension obligations
(DBN)

With Detroit bankrupt, is 'blue model' to blame?
(DBN)

Clothing store's 'love letter' to city
(DBN)

Detroit's uncertainty may spare sports teams
(DBN)

Creditors eye Detroit's art museum --- Of Course Detroit Should Sell The Paintings
(DBN)

Detroit fire sale : The best way to get out of debt?
(DBN)

Michigan Debt Trails Market Most in 2 Years as Detroit Fails
(DBN)

How Do You Photograph A City's Bankruptcy ?
(DBN)

Financial Advisors Have Been Bracing Retirees For Detroit's Bankruptcy, But Their Actions Might Not Be Enough
(DBN)

Comparison: Detroit vs. Central Falls
(DBN)

What Detroit Can Learn from Pittsburgh
(DBN)

25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head
(DBN)

Atlantic City redevelopment keeps poor on the move
(DBN)

SEC Accuses Miami of Misleading Investors in Muni Bonds
(DBN)

The Largest Municipal Bankruptcies in US History
(DBN)

____________

Autos:

Why GM Still Owes Taxpayers Billions
(DBN)

____________

Office Supplies:

NE Opco Wins Approval of Bankruptcy Financing, Settlement
(DBN)

____________

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 (18 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

District Court Rejects Trustee's Clever Assignment of Fraudulent Transfer Claims to Avoid Code's Safe Harbor Defense
(DBN)

Issuing Final Judgment in Fraudulent Transfer Actions
(DBN)

____________

Subordination:

Equitable and Mandatory Subordination: The Disappearing Claim
(DBN)

____________

Discharge:

Judge Refuses To Allow Students To Discharge Debt
(DBN)

____________

Plan Confirmation:

The Cramdown Matrix: Reloaded
(DBN)

____________

Student Debt:

More Protection Is Needed for Private Student Loans
(DBN)

____________

Insurance:

Professional Liability Insurance: Problems with Pure Claims Made and Reported Policies
(DBN)

____________

Fraud:

SEC: Cohen failed to prevent insider trading --- SEC Tries Last Ditch Move to Put SAC’s Cohen Out of Business --- SEC Sues Steve Cohen For Failing To Supervise Portfolio Managers, Seeks To Bar Cohen From Overseeing Investor Funds --- SEC chooses little-used statute to pursue Steven Cohen --- Timeline: The Most Crucial Events In The SAC Capital Probe
(DBN)

IMs Show Steve Cohen And His Analysts Debating If Mathew Martoma Had Information He Shouldn't Have Been Able To Get
(DBN)

K&L Gates Defends Internal Investigation of Le-Nature's
(DBN)

Coral Gables Attorney Chris Korge Awaits Claudio Osorio Sentencing
(DBN)

Seattle Wash. man pleads guilty in $30 million Ponzi scheme
(DBN)

PA: Ponzi schemer pleads guilty in $41.2M swath of loss
(DBN)

___________

Tax:

G-20 to target global tax loopholes
(DBN)

The tax break corporate America wants kept secret
(DBN)

____________

Banking:

Fed Reviews Rule on Big Banks' Commodity Trades After Complaints --- A Bizarre Goldman Sachs Aluminum Moving Scheme Has Allegedly Cost US Consumers $5 Billion In The Past 3 Years
(DBN)

____________

Corporate Reform:

Your Company's Living Will
(DBN)

Dodd-Frank Leaves Bank Regulators Overwhelmed
(DBN)

Warren’s Mistake About Wall Street Risk-Taking
(DBN)

Resigned to reform, Wall Street tries a different tack
(DBN)

How JPMorgan drew regulators' ire in California power market
(DBN)

____________

Celebs:

James Bond actor Paul Bhattacharjee declared bankrupt week before 'suicide'
(DBN)

Detroit's glory days are ahead, says Aretha
(DBN)

Motor City Madman Ted Nugent -- Bankrupt Detroit ... It's the Liberals' Fault!
(DBN)

____________

Art:

US Sues Dealer at Heart of Art Scandal
(DBN)

____________

Shipping:

New ship orders, China demand threaten dry cargo recovery
(DBN)

____________

Telecoms:

LightSquared Foresees Competing Plans for Reorganization
(DBN)

SEC rejects settlement with billionaire Phil Falcone --- Too Weak
(DBN)

Sandy-ravaged regions will never get landlines back
(DBN)

____________

Sovereigns:

Why SCOTUS Won't Grant Cert on Argentina Bonds
(DBN)

Argentina/hedge funds dispute: US will not file ‘uninvited’ brief to Supreme Court
(DBN)

IMF Should Back Argentina in Defaulted Debt Case, Lagarde Says
(DBN)

US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal
(DBN)

A New Twist in Argentina's Bid to Dodge Its Debts
(DBN)

____________

UK:

Supreme Court to rule on pension scheme insolvency ranking
(DBN)

____________

EU:

Which Countries Are Drunkest, Hottest, And Have the Silliest Accents
(DBN)

____________

PIIGS:

President Cavaco Silva backs Portugal's ruling coalition
(DBN)

ie: Lenders have to share burden everyone else is carrying
(DBN)

____________

Canada:

Woman Who Disappeared 52 Years Ago In Canada Found Living With A New Family 1,000 Miles Away
(DBN)

____________

Brazil:

Bondholders of Brazil's OGX urged to act now
(DBN)

____________

MENA:

I'd Rather Kill Myself
(DBN)

____________

China:

What Lending Reforms? China's New Rules Don't Measure Up
(DBN)

____________

 

 

 

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013