April 20, 2015

The Daily Bankruptcy News

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Law:

Who Makes More: Partners Or General Counsels?
(DBN)

Law Firms Grapple With Compensation in U.S. Forums
(DBN)

Biglaw Revenues Outpace The Fortune 500 And Pro Sports
(DBN)

Welcome to Your First Year as a Lawyer. Your Salary Is $160,000. For New Lawyers, $160,000 Remains the Norm
(DBN)

The Smartest People Are Opting Out of Law School The Ugly Truth About What's Going Wrong in American Law Schools
(DBN)

Robins Kaplan to close Atlanta office; firm is ‘working on a transition plan’ for 12 lawyers
(DBN)

Dorsey Adds Restructuring Pro in New York
(DBN)

Lawyer Driving to Work Wasn’t Working, Court Rules
(DBN)

Bankruptcy lawyer writes open letter to shop owner who vowed to turn away openly gay customers
(DBN)

Reed Smith can’t arbitrate malpractice claim; ex-client, an attorney, didn’t sign required form
(DBN)

Cherie Blair Talks Gender Parity in Law
(DBN)

LawProse — Whether ‘Whether’ Causes Problems For Legal Writers
(DBN)

Who Are The Most Influential Lawyers In The World?
(DBN)

Law professors come up with zany plan to ruin your retirement

10 speaking and writing errors that are killing your credibility
(DBN)

Anxious people often share this one positive trait
(DBN)

10 Phrases Successful People Avoid (But Losers Use)
(DBN)

Balancing The Three-Legged Stool Of Success In Our Legal Careers
(DBN)

The iPhone 6 Plus is my favorite computer
(DBN)

Infographics make the complex simple for a jury, presenter says
(DBN)

Smartwatches and other wearables can enhance the practice of law, attorneys say
(DBN)

Law firm efficiency starts by carving out time to train, speakers say
(DBN)

The Pope’s old iPad just sold for an astronomical amount of money
(DBN)

Two roommates stabbed each other during a heated iPhone vs. Android debate
(DBN)

14 things you didn't know your iPhone headphones could do
(DBN)

Survey: Most Americans agree death penalty may kill innocent people — but still support it
(DBN)

George Lucas' Payback Against Rich Neighbors
(DBN)

Helicopter parents ruin childhood The Free Range Kids' Debate How the Constitution protects “free range” parents
(DBN)

What Prison Life Will be Like for Hernandez
(DBN)

5 professional athletes who went to prison on murder-related charges
(DBN)

Texas ready to legalize handgun 'open carry'
(DBN)

Lawyer spent $26K of his savings to attend every Knicks game this season
(DBN)

Federal judge nixes evidence from FBI agents who shut off hotel Web service, then posed as repairmen
(DBN)

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Judges:

CA: Courts' Improvement Fund Broke, Cuts Coming Judicial Council Says
(DBN)

Report: Attorney says he will sue "mean-spirited" retired bankruptcy judge
(DBN)

Ex-judge gives up law license after taking plea in federal bribery case over jury verdict
(DBN)

Former state supreme court judge mails court-ordered apology letters
(DBN)

How to clear a courtroom
(DBN)

Federal Prosecutor Says Pissing Off Judges Is His ‘Public Interest’ Duty
(DBN)

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Wall Street:

Stock futures point to Wall Street rebound
(DBN)

Why global markets staged a huge selloff, in 7 charts
(DBN)

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Layoffs:

U.S. Steel says 799 workers have been laid off in Fairfield
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Revel owner can't connect to utility's gear
(DBN)

Ex-lender offers $300K to get Revel fire systems back online
(DBN)

The never-ending story of Revel
(DBN)

Billionaires in Bitter Fight Over the Heart of Las Vegas
(DBN)

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Social Media:

Bankruptcy judge refuses to free ex-Katy gun store owner over Facebook password
(DBN)

When Cops Check Facebook
(DBN)

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Coal:

Patriot Coal Seeks Help From Restructuring Advisers
(DBN)

Walter Energy's Delay Of April Interest Payments May Indicate Bankruptcy Possibility
(DBN)

Alpha Natural faces shortfall in coal cleanup funding
(DBN)

China's got bad news for the world's coal exporters
(DBN)

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Personal Finance:

What to say when the interviewer asks, 'Why should we hire you?’ The 50 most common job interview questions
(DBN)

Brand name products worth paying for
(DBN)

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Aviation:

Airlift out of bankruptcy: ANA nearing deal for stake in Skymark Japan's Skymark Airlines Keeps Haneda Slots in Rescue Deal With ANA
(DBN)

Your flight attendants have a secret language. Here it is.
(DBN)

Why Flying is Getting Even More Miserable
(DBN)

New Pilots Urged to 'Marry'
(DBN)

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Guns:

Gun Maker Colt's Curious Exchange Offer
(DBN)

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Telemarketing:

Florida Telemarketer Offering GSA Work Files for Bankruptcy
(DBN)

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Television:

Miami owner of TV and radio stations in Denver, W. Coast files Chapter 11 with $13M in debt
(DBN)

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Agriculture:

Farmers have a horrifyingly high suicide rate
(DBN)

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Shipping:

Korea's Pan Ocean is preparing to change the terms of its court rehabilitation plan
(DBN)

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Disruption:

The hundreds of thousands of 'jobs' Uber brags about creating are mostly part-time contractors
(DBN)

Meet the lawyer taking on Uber and the rest of the on-demand economy
(DBN)

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Religion:

Secured Credit in Religious Institutions' Reorganizations
(DBN)

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Compensation:

11 CEOs Richer as Their Investors Get Poorer
(DBN)

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Publishing:

Family Christian: Bankrupt bookstore chain faces scrutiny
(DBN)

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Economy:

Inflation Shows Signs of Life as Americans Gain Confidence US consumer prices surge in March, backs Federal Reserve's rate hike Key Measures Show Low Inflation in March
(DBN)

Preliminary April Consumer Sentiment increases to 95.9
(DBN)

Despite slowdown, economists upbeat about growth US Economy Not Growing Fast Enough
(DBN)

Funk or flu? What this report may tell us about economy
(DBN)

Yet another sign the job market is tilting in favor of workers
(DBN)

Global finance leaders see economy strengthening IMF nations say global growth is 'moderate' and 'uneven' World Finance Leaders See Threats Ahead for Global Economy Global Economic Gathering: US Primacy Seen as Ebbing
(DBN)

Here's the best explanation for why households aren't spending
(DBN)

The CEO raising his company's minimum salary to $70,000 highlights an important point about money and happiness Why one CEO raised the minimum wage at his company to $70,000 a year
(DBN)

Companies can't find workers who can hold a conversation or show up on time
(DBN)

How a world awash in debt devalues your money, life
(DBN)

GE Loses $13.6 Billion in Q1
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

A banker is being sued for allegedly renting out his downtown NYC rent-stabilized apartment on Airbnb
(DBN)

Morgan Stanley, New York Talk $500 Million Mortgage-Bond Pact
(DBN)

Exurban Growth On the Rise
(DBN)

HUD Loan Sales Help HUD More Than Hard-Hit Homeowners
(DBN)

Will unprecedented mortgage lending finally save Detroit?
(DBN)

Mass. Appeals Court rules for MERS in mortgage assignment
(DBN)

San Antonio: N.W. Side land case back in bankruptcy court next week
(DBN)

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Municipalities:

Rauner's dangerous talk of Chicago schools bankruptcy
(DBN)

Detroit bankruptcy could signal national problem for U.S.
(DBN)

What is the True Cost of Living in New York City?
(DBN)

Chris Christie Reminded of New Jersey’s Fiscal Woes
(DBN)

Jersey's junk finances
(DBN)

____________

Oil/Gas:

Fri.: Oil Prices Fall on Doubts About Output Saudi oil production near record high in April The EIA Is Bizarrely Optimistic About Future US Oil Production OPEC Says US Oil Boom Will End This Year
(DBN)

Fed could be to blame for oil's decline: Analyst
(DBN)

For crude oil, this looks like 2009 all over again
(DBN)

Shale as World’s Swing Producer Signals ‘Jagged’ Oil Future
(DBN)

US oil rig count declines to lowest since 2010 US Drilling Faces Long, Slow Recovery Total U.S. Rig Count Drop Over 50%
(DBN)

New Capital Is 'Postponing The Day Of Reckoning' For Oil Companies
(DBN)

Oil Markets May Finally Be Adjusting End of the Oil Glut? Hardly
(DBN)

Expect A Sharp Decline In Baker Hughes' Q1 Numbers As Rig Activity Plummets
(DBN)

Falling oil prices are crushing boutique investment bank MLV & Co.
(DBN)

Hercules Offshore - Bankruptcy ? Not A Chance
(DBN)

Schlumberger CEO lays out his plan to weather the crude crash
(DBN)

Cash-strapped oilsands junior returns 3 leases to province
(DBN)

The Oil & Gas Psychic Hotline
(DBN)

____________

Retailing:

Simply Fashion Files for Bankruptcy to Liquidate Chain
(DBN)

Frederick's of Hollywood Files for Bankruptcy Protection - Lingerie retailer has $22.5 million offer in hand from Authentic Brands, to continue only online
(DBN)

Frederick's of Hollywood Preparing Bankruptcy Filing
(DBN)

The RadioShack Name: Worthless or Worthwhile?
(DBN)

Private equity firm finalizes deal to buy Wet Seal
(DBN)

The Rumors of Kanye West Buying Karmaloop Have Been Greatly Exaggerated
(DBN)

In NYC, debate over saving small shops amid chains' rise
(DBN)

____________

Electricity:

Blackstone Unit Objects to Optim Energy Bankruptcy-Exit Plan
(DBN)

____________

Fraud:

PwC to pay $65 mln to resolve lawsuit over MF Global
(DBN)

Conn. Court Wrestles With $100 Million Ponzi Scheme - Bankruptcy judge wants early investors to repay $14 million
(DBN)

Former NH steel executive denies fraud charge
(DBN)

Lynn Tilton made a video from her living room attacking the SEC's lawsuit
(DBN)

Jon Corzine Considers Launching Hedge Fund
(DBN)

____________

Brides:

Cakeless bride may go to police over Romano's closing
(DBN)

____________

Student Debt:

Student loans in bankruptcy: How the Bush administration pointlessly screwed over borrowers
(DBN)

Three Charts Explain the Student Loan Mess
(DBN)

Goldman Sachs: "An Update on Student Loans: A Bigger Headwind but Still Not a Deal Breaker"
(DBN)

____________

Celebs:

'Real Housewives' home foreclosed by bank
(DBN)

What the American family can learn from the NFL bankruptcy crisis
(DBN)

Ex-Billionaire Wyly Targeted by SEC Over Colorado Ranch Sale
(DBN)

Gwyneth Paltrow confesses to giving up on the food stamp challenge after 4 days
(DBN)

____________

Mining:

World's Lowest Cost Iron Ore Miner Turns Screw on Rivals
(DBN)

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Weather:

California Towns Shrink Amid Drought, in More Ways Than One Parts of California missing two years of rain Climate Change and the California Drought A Day in the Life of a California Water Cop California delta smelt survey turns up only 1 fish Dry Wells Plague California as Drought Has Water Tables Plunging California drought water-use rules could force 36% reduction on Beverly Hills
(DBN)

Apparel industry: LA braces as cotton acreage falls
(DBN)

Desert oasis collides with drought
(DBN)

March was the hottest on record worldwide since 1880
(DBN)

____________

Education:

Can Taylor Swift save American Boychoir School in Princeton?
(DBN)

___________

Currency:

MtGox 'lost coins' long before collapse WizSec: The missing MtGox bitcoins
(DBN)

____________

Healthcare:

Hollywood hospital with jailed CEO seeks bankruptcy auction
(DBN)

Seton to reduce workforce: Daughters of Charity reducing expenses at six hospitals to attract buyer
(DBN)

Jeb Bush endorses "death panels" — and he's right to do so
(DBN)

____________

Communication:

Dayton's Standard Register hosting potential buyers since bankruptcy filing
(DBN)

Bankruptcy judge says Standard Register can tap $155M in new credit lines
(DBN)

____________

Steel:

Lee Steel Corp. files Chapter 11 bankruptcy
(DBN)

____________

Paper:

Payday at the mill: How sophisticated financiers used a Maine investment program they devised to wring millions of dollars in risk-free returns at taxpayer expense
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009
(DBN)

Five ways to spot a dead company walking
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Bankruptcy Reform:

ABI Commission Report – Absolute Priority Rule and Plan Gifting Provisions
(DBN)

Proposed Recommendations for the Reform of Chapter 11 U.S. Bankruptcy Code
(DBN)

____________

Automatic Stay:

SEC Temporary Asset Freeze Not Barred by Automatic Stay Provisions
(DBN)

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SCOTUS:

SCOTUS Asked To Decide If Bankruptcy Case Dismissal Bars Committee Counsel's Fee Request 7th Circuit Opinion
(DBN)

____________

Avoidance Actions:

Transferee Liability: The Lottery Ticket/Uranium Contract Rule
(DBN)

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption
(DBN)

____________

Politics:

Stay Classy Donald
(DBN)

Fact Check: "99 percent of all new income today (is) going to the top 1 percent."
(DBN)

Fact Check: "More than 30 cents of every state tax dollar goes to Medicaid."
(DBN)

Congress' Dangerous New Gamesmanship
(DBN)

Lindsey Graham: 91% Chance I'll Run Too
(DBN)

Rubio Still Criticizing Auto Bailout
(DBN)

Creditors of ex-New Jersey Assemblyman Robert Schroeder want six firms included in bankruptcy
(DBN)

____________

Corporate Reform:

SEC Whistleblowing Program: The Agency Means Business
(DBN)

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Prisons:

Private Prisons Lobby to Keep Immigrants Locked Up for Profits
(DBN)

____________

Amusement Parks:

Mediation fails on Conneaut Lake Park bankruptcy
(DBN)

____________

Sovereigns:

Ukraine's Bond Restructuring: Surgery, Conspiracy, and Campaign
(DBN)

The IMF in Argentina: A Bondholder's Best Friend?
(DBN)

CFK warns about 'global modus operandi' against 'sovereign nations'
(DBN)

Sovereign Default And The Impending Greek Reverberation
(DBN)

____________

UK:

The (not just) Small Business, Enterprise and Employment Act 2015
(DBN)

Employment and insolvency reforms will redress the balance for employees
(DBN)

George Osborne basks in IMF glory as Britain achieves jobs miracle Christine Lagarde heaps praise on UK economy
(DBN)

Yikes Does the UK face a pensions blowout?
(DBN)

____________

EU:

European stocks retreat on Greek financing woes
(DBN)

____________

PIIGS:

Greek Bond Yields Climb Most Since Aftermath of Syriza Election Greece: Decision time Europe Braces for Brinkmanship Over Greece as Country Moves 'Ever Closer to the Abyss' Let's face reality, Greece is bankrupt ECB's Draghi won't 'contemplate' Greek default Draghi: 'More work needed now' by Greece for debt deal 4 signs that the markets are preparing for a ‘Grexit’ Greece's Money to End in June - IMF Europe Head Both Grexit And Greek Default Are Desirable But Not Necessary
(DBN)

Greek finance minister: There will be contagion Greece's fate hangs in balance amid contagion fear Greece Remains Defiant as Creditors Up Pressure for a Deal
(DBN)

Creditors Chase Consensus With Greece
(DBN)

Krugman: Greece on the Brink
(DBN)

Greece's big nowhere
(DBN)

ECB examines possibility of Greek IOU currency in case of default - sources Greek Officials Ponder Life Without the Euro
(DBN)

US Treasury secretary urges Greece to reach debt deal
(DBN)

IMF urges EU to slim down its demands on Greece Delamaide: IMF faces tipping point over Greece
(DBN)

G-20 keeps Greece off meeting agenda
(DBN)

Greece will need to tap €2 billion from public funds to pay its civil service workers at the end of the month
(DBN)

Athens eyes billions worth of Russian gas cash Russia denies German report it is ready to sign gas deal with Greece
(DBN)

ie: Kenny plays down Labour calls for cut in bankruptcy term Penrose row over reducing bankruptcy period
(DBN)

____________

Canada:

Everest College grads want loan forgiveness for 'worthless' diploma
(DBN)

U.S. Steel pumped money into pension fund
(DBN)

____________

Poland:

New Polish Restructuring Law - Avoiding Liquidation
(DBN)

____________

Austria:

German bank sues in Austria over Heta moratorium
(DBN)

____________

Cyprus:

Cyprus bailout on track after foreclosure law passed Parliament passes insolvency framework Cyprus passes laws to empower banks to manage toxic loans, clear way for more European-IMF aid
(DBN)

____________

Brazil:

Brazil's Schahin says 28 units file for bankruptcy protection Petrobras Supplier Schahin Seeking Bankruptcy Protection Schahin bond slides after bankruptcy announcement
(DBN)

Hedge Funds Aurelius, Alden Oppose OAS Creditor-Protection Bid
(DBN)

Is Brazil's 'Lava Jato' Money Hiding In Miami?
(DBN)

When Settling for a 75% Writedown Is a Bondholder’s Best Option
(DBN)

Brookfield Said in Talks for Renuka Brazil for $490 Million
(DBN)

____________

Australia:

A liquidator’s power of sale under s 477(2)(c) of the Corporations Act does not extend to trust assets
(DBN)

____________

Switzerland:

Swiss pension schemes ' bankrupt in 10 years'
(DBN)

____________

China:

Chinese stocks tanking
(DBN)

China Housing Cooling Even As Developers See Double Digit Gains
(DBN)

____________

Greenland:

NunaMinerals A/S to file for bankruptcy
(DBN)

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