January 27, 2014

The Daily Bankruptcy News

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Law:

A Lawyer and Partner, and Also Bankrupt --- A Lawyer and Partner, and Also Bankrupt...for reasons that have nothing to do with being a non-equity partner...
(DBN)

The 2014 U.S. News Job Rankings: Being A Lawyer Is Worse Than Being A Nail Technician
(DBN)

2014 — The Year of the Hustle
(DBN)

Business of Law
(DBN)

GCs Keeping More Work In-House
(DBN)

Taxing Law Firms: A Call to Arms
(DBN)

How to Train Junior Lawyers (Hint: Not the Big Law Way)
(DBN)

ABA task force calls for sweeping changes in legal education system
(DBN)

3 Ways To Make Your Brief Read Better On An iPad
(DBN)

July 2013 California bar exam results
(DBN)

Judge tosses libel counterclaim against legal secretary who criticized her former firm before suing
(DBN)

Man Famous For Not Paying His Bill At Over 100 Restaurants May Have Been Murdered
(DBN)

Cheerleader Proves To Be Less Than Cheertastic After Suing Her Team
(DBN)

12 Steps To Ruining Your Reputation
(DBN)

6 Habits Of Instantly Likable People
(DBN)

4 vignettes lead to a single moral about writing better briefs
(DBN)

Meet attorney Adam Karp, ‘St. Francis with a briefcase’ who gets five-figure awards in pet slayings
(DBN)

The Enormity Of America's Prison Problem
(DBN)

Blow dart suspect: 'I'm a moron'
(DBN)

Man Stabbed Daughters Because He Didn't Have Car Seats For Them
(DBN)

Better Call Saul T.V. Series: Breaking Bad Prequel’s Cast Additions, Plot Points and More
(DBN)

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Judges:

Brooklyn Judge Leaves the Real Bench for the ‘Hot Bench’
(DBN)

Bankruptcy judge handles double duty with city, diocese cases
(DBN)

Federal Court System Hit by Cyberattack
(DBN)

Inmate is convicted in plot to behead federal judge and prosecutor
(DBN)

Will The End Of The Filibuster Mean Obama Starts Nominating Less Corporate Judges?
(DBN)

Man runs into burning home to save his XBOX
(DBN)

Sitting Out: Recusals Mount Among the Justices
(DBN)

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Wall Street:

US Stock -Index Futures Climb, Following S&P 500's Weekly Slide
(DBN)

U.S. Markets Tumble as Fear Spreads
(DBN)

Goldman Gives A Very Simple Explanation For Why The Market Could Keep Going Down
(DBN)

Turmoil In Global Markets Is One Gigantic Hedge Fund Short Squeeze
(DBN)

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

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Layoffs:

See What Jobs The Robots Will Destroy Next
(DBN)

California posts modest job growth; unemployment rate falls to 8.3%
(DBN)

Wal-Mart's cuts 2300 jobs at Sam's Club
(DBN)

Bears are waiting in the wings on Fed move
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Bankruptcy Crimes:

Former prosecutor ordered to help pay for defender
(DBN)

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Electricity:

KKR’s Marc Lipschultz Resigns From Energy Future Holdings Board
(DBN)

One KKR rep resigns Energy Future Holdings board, 2 others remain
(DBN)

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Retailing:

Michaels retailer probing possible data breach
(DBN)

When Best Buy Fails, This Is How It'll Happen
(DBN)

Chipless credit cards lure global fraudsters
(DBN)

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Mass Torts:

Getting Away With It In West Virginia
(DBN)

Bumbling, Blame and Bankruptcy in Wake of West Virginia Chemical Spill
(DBN)

W.Va. company ordered to remove tanks after spill
(DBN)

W.Va. official: Spill company knew of 2nd chemical
(DBN)

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Health Care:

Bankruptcy on horizon,Tuomey says
(DBN)

Bayer Pharmaceutical CEO: Cancer drug only ‘for western patients who can afford it’
(DBN)

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Media:

MediaPost Publications KSL Trustee Given Subpoena Power: Liebowitz, Cohen To Speak Under Oath
(DBN)

FLS wins approval to continue operations
(DBN)

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Apparel:

Hardwick gets debt approval
(DBN)

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Oil/Gas:

Tuscany International Drilling Inc. Announces Forbearance Agreement With Senior Lenders
(DBN)

Oilman Parker bankruptcy seeing daylight
(DBN)

The Fifth Circuit Provides a New Year’s Gift–Clear Guidance on Whether Covenants “Run with the Land”
(DBN)

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Economy:

New Face of Food Stamps: Working Americans
(DBN)

Roubini: We Just Saw A 'Mini Perfect Storm'
(DBN)

Rich Tech Fears
(DBN)

Debt Levels Around The World
(DBN)

After a Half-Century of War on Poverty
(DBN)

Why Wage Growth Is Poised To Take Off
(DBN)

Davos billionaires: Oblivious to the coming revolution
(DBN)

The Geography of the American Dream
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

 

Unrecorded Mortgage Assignment: If You Snooze, You Can Lose
(DBN)

Bankruptcy court agreement resolves $158M foreclosure case
(DBN)

Well-Healed Borrowers May Want to RUN for the Ultimate Refi
(DBN)

Colony decision looms Monday
(DBN)

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Municipalities:

Tobacco money seen as key to aid for Detroit
(DBN)

Detroit Bankruptcy Shakes The Foundations of City Institutions
(DBN)

Why Did Honda Use the Detroit Bankruptcy in a Civic Ad? --- Honda Tweaks Civic Ad After Detroit Uproar
(DBN)

Finley: Gov. Rick Snyder Is Detroit's 'Best Friend In Lansing In 40 Years'
(DBN)

Funding for Detroit will be a tough sell
(DBN)

Robert Ficano: Now's the time for a metro Detroit regional water authority
(DBN)

Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
(DBN)

Fiscal emergencies found in two more Michigan communities
(DBN)

Lawsuit could force city into bankruptcy and put pensions at risk, Flint emergency manager says
(DBN)

S&P puts Puerto Rico's ratings on watch for downgrade
(DBN)

Americans Wise Up to NFL and Stadium Deals
(DBN)

10 Best States for Taxes in 2014
(DBN)

Americans Are Moving Out Of New Jersey Faster Than Any Other State
(DBN)

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Personal Finance:

10 Habits Of Financially Happy People
(DBN)

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Retailing:

Why Sears Was Doomed In 1978
(DBN)

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Health Care:

Tuomey says bankruptcy is its only option if forced to pay $70M
(DBN)

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Alternative Energy:

Fisker Automotive auction on track for Feb. 12
(DBN)

Fisker Auto Gets Final Court OK On $13.1 Million Bankruptcy Loan
(DBN)

Solar Mergers Likely to Accelerate, Trina Founder Says
(DBN)

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Derivatives:

Lehman Court Finds Safe Harbors Protect Damage Calculation Provisions In Swap
(DBN)

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Fraud:

In Tom Petters' latest court filings, he seeks release on bail
(DBN)

Lawyer takes plea in money-laundering case linked to convicted ex-client’s Ponzi scheme
(DBN)

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Coal:

James River Coal: High Risk For Bankruptcy Within 2 Quarters
(DBN)

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Rail:

After bankruptcy sale, what’s next for beleaguered Montreal, Maine and Atlantic Railway?
(DBN)

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Bankruptcy Crimes:

Bujak denies bankruptcy fraud
(DBN)

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Nuclear:

Bankrupt Uranium Plant: Kentucky-Fried Politics
(DBN)

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Corporate Governance:

The Business Judgment Rule Under Attack
(DBN)

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Trucking:

YRC Wins Key Refinancing Ingredient With Teamsters Vote
(DBN)

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Compensation:

The Salaries Of The Highest-Paid Business School Graduates Of 2013
(DBN)

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Golf:

Bankruptcy trustee to help fix financial woes at Garland’s Eastern Hills Country Club
(DBN)

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Religion:

Battle over insurance in Milwaukee Archdiocese bankruptcy heats up
(DBN)

Are Churches Slowly Recovering?
(DBN)

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Debt Collection:

Debt Collection Industry Poised for Changes
(DBN)

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Banking:

Exclusive: Bank of America's trading practices have been probed, filing shows
(DBN)

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New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Top 50 Creditors Listed In Bankruptcies --- Top 50 Creditors Filing Claims and Amount Filed --- Top 25 Creditors Actively Filing Claims --- Current Bankruptcy Filings & Projected Filing Trends
(DBN)

15 ARM Firms Among Top 50 Creditors Listed in Bankruptcy Filings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Recharacterization:

Bankruptcy Court Rules That Term Overriding Royalty Interests May Be Disguised Loans
(DBN)

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Avoidance Actions:

Can a Payment to a Fully Secured Mortgagee be a Preference?
(DBN)

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Administrative Claims:

Federal Courts Conflict Whether Electricity is a Good Under Section 503(b)(9) of the Bankruptcy Code
(DBN)

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Safe Harbors:

Bankruptcy Court defines limits of shareholder safe harbor in failed leveraged buyouts
(DBN)

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Corporate Reform:

Crime Does Pay for Banksters
(DBN)

US Federal Prosecutors Are Investigating Whether Banks Helped Payday Lenders Siphon Billions From Americans
(DBN)

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TBTF:

Holder says no bank 'too big to indict,' more financial cases coming
(DBN)

Ally Bailout Not Total Win for Uncle Sam
(DBN)

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Insurance:

Nightclub Insurer's Troubles Spill Into Bankruptcy Court
(DBN)

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Telecoms:

The Department Of Defense Nuked The Market's Romance With BlackBerry
(DBN)

Charlie Ergen and hedge funds fighting over LightSquared loan
(DBN)

Ergen Objects To LightSquared's $33M DIP Loan , Offers Better Terms
(DBN)

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Sovereigns:

Argentine Exchange Bondholders with 30 pct of debt seek resolution
(DBN)

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UK:

Businesswoman Jan Fletcher faces bankruptcy hearing over Leeds Arena case
(DBN)

R3 critical of inclusion of partial licenses in Deregulation Bill
(DBN)

R3 backs red tape cuts
(DBN)

UK Economic Recovery Built on Sand
(DBN)

HSBC Stops Large Cash Withdrawals
(DBN)

Punch Taverns creditors say will not support debt plan
(DBN)

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EU:

Draghi quick break in link between sovereign and bank debt
(DBN)

ECB poised for battle to ward off deflation
(DBN)

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PIIGS:

Sean Dunne trustee to get $160000 loan from bank creditors --- ie: Family with €600,000 debt first to get write-off deal
(DBN)

Greece faces new black hole in finances amid rising tensions with creditors
(DBN)

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Canada:

Language school in Ottawa going bankrupt , teachers told
(DBN)

Bixi : Montreal took itself for a ride
(DBN)

Vancouver's first vertical urban farm goes bankrupt
(DBN)

Eagle River Casino seeks bankruptcy protection
(DBN)

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MENA:

Libya: Government is on the verge of bankruptcy —source
(DBN)

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Korea:

Seoul mulls bankruptcy system for local gov'ts
(DBN)

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China:

World watches as dodgy Chinese shadow bank nears bankruptcy
(DBN)

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Brazil:

Batista's Brazil oil firm in fresh funding talks-sources
(DBN)

Batista oil firm delays restructure plan to secure more funding -sources
(DBN)

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Germany:

Prokon insolvency attracts possible buyers of assets, rights
(DBN)

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Austria:

Austria to ask banks for help restructuring Hypo Alpe Adria
(DBN)

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