April 6, 2015

The Daily Bankruptcy News

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Law:

U.S. Legal Sector Loses 1,200 Jobs in March
(DBN)

Misreading the Legal Sector's Outlook Steven J. Harper Not Upbeat, Like The New York Times, On Legal Sector Outlook
(DBN)

Steptoe lays off 32, including 14 attorneys, following energy-price drop
(DBN)

7% Of ACLU Workforce Laid Off - Lawyers Let Go Didn't See It Coming
(DBN)

Global law firm apologizes for April Fool promising better work-life balance Thank-you, Weil, for exposing work-life balance charade
(DBN)

Nationwide Layoff Watch: Lawyers Swept Out For Spring Cleaning
(DBN)

The case of a 30-year-old corporate lawyer stabbed to death in a luxury hotel keeps getting weirder Woman charged in hotel slaying of BigLaw attorney responded to his Craigslist ad, filing says
(DBN)

Law Professor Who Sent P--- To Her Students Now Under Investigation
(DBN)

As Law Schools Undergo Reform, Some Relax LSAT Requirements
(DBN)

Davis Polk Tops Q1 M&A Rankings
(DBN)

Drinker Biddle Revenue Down 1.8 Percent, PPP Up 2.1 Percent
(DBN)

Firms Make It Hard for Partners to Say Goodbye
(DBN)

McElroy Deutsch Faces Gender Bias, Sexual Harassment Suit By Bankruptcy Lawyer
(DBN)

15 things you didn't know you could do with your iPad
(DBN)

13 features we'd like to see in iOS 9
(DBN)

Ranked: The best smartphones in the world
(DBN)

New Apple Watch: What you must do to buy one
(DBN)

You've been wearing the wrong belt for way too long
(DBN)

10 habits of genuinely charming people
(DBN)

Lawyer seeks $3M in damages from ex-boyfriend, for both legal fees and palimony
(DBN)

Speaker at Indiana law school’s annual lecture cancels over state’s new religious law
(DBN)

Providence Journal With Second-Worst Aaron Hernandez Story This Week
(DBN)

An Oklahoma officer shot and killed a man after confusing his gun with his Taser
(DBN)

Ballsy Process Server Spoils Famous Rapper’s Party
(DBN)

Good Reason to Kill #54: Was Eating All the Salsa
(DBN)

Lawyer left red-faced in Facebook advert typo
(DBN)

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Judges:

Reassignment of Judge Alan M. Ahart's Bankruptcy Cases to Judge Martin R. Barash Effective April 7, 2015
(DBN)

Foley Client: My Bad on The Brief!
(DBN)

Justice Kennedy's Plea to Congress
(DBN)

More than 60 briefs urge court to keep gay marriage bans
(DBN)

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Wall Street:

 

Why we may see 'earnings recession' this quarter
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Real Housewives Of New Jersey Teresa Giudice in Prison Pictures Sparks Controversy
(DBN)

Real Housewives' Joe Giudice Opens Up About Teresa Going To Prison
(DBN)

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Politics:

Don’t run, Elizabeth! It’s not worth it
(DBN)

Elizabeth Warren has an interesting way of dealing with questions about Hillary Clinton
(DBN)

Fortune: Carly Fiorina is Just Nuts
(DBN)

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Student Debt:

Strangling debt: Congress must reform the student loan system
(DBN)

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Currency:

Bitcoin Foundation Is 'Effectively Bankrupt '
(DBN)

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Gambling:

Straub puts up $26M for ex-Showboat casino, eyes $500M plan Florida developer finally getting the Revel, but maybe that's not all he wants
(DBN)

Stockton's backup plan: Sell Showboat to Straub
(DBN)

Millions owed top Caesars execs may be lost forever
(DBN)

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Environmental:

Judge cancels major Freedom Industries bankruptcy hearing
(DBN)

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Aviation:

Airlines Squabble Over "Open Skies" Treaties - Middle East Airlines Say US Bankruptcy = Government Subsidies?
(DBN)

Crash piles pressure on Lufthansa CEO Spohr
(DBN)

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Privacy:

How safe is your information when a company goes bankrupt?
(DBN)

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Religion:

PNC Bank takes church land in bankruptcy settlement
(DBN)

Church lending pulls itself back from the depths
(DBN)

Schuller memorial plan still unclear; family says it needs money for a public service
(DBN)

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Metals:

iron ore’s recovery rests with China
(DBN)

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Golf:

Another Gold Coast country club on the block
(DBN)

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Economy:

Why job growth and cheap gas aren't doing what they should
(DBN)

Jobs Report: Is Bad News Bad News Again? More weak jobs reports to come A dip or a blip? The jobs boom went bust in March Eight Takeaways From the March Jobs Report
(DBN)

More Employment Graphs: Duration of Unemployment, Unemployment by Education, Construction Employment and Diffusion Indexes
(DBN)

Private Job Creation during Presidential Terms
(DBN)

How much you have to earn to be considered middle class in every US state
(DBN)

Dollar Sputters After Surge - Some investors say U.S. currency's biggest gains are over, as weaker data raise doubts about a Fed rate increase
(DBN)

Wage Growth Remains Largely in Check - Annual pace stays around 2%, even as some big employers plan pay raises
(DBN)

It’s not just you: Americans are actually still getting poorer
(DBN)

Larry Summers and Ben Bernanke are having the most important blog fight ever
(DBN)

The American people are clueless: Why income inequality is so much worse than we realize
(DBN)

Social Security disability fund will run empty next year
(DBN)

How poor jobs report is blurring economic outlook
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Rising home prices could be bad news for working-class Americans
(DBN)

Revisiting 'Subprime' Mortgages
(DBN)

Free House? - Bank Loses Mortgage in Bankruptcy Due to Mere "Technicality"
(DBN)

A Versailles-inspired mansion owned by CNET's bankrupt founder gets its price chopped to $12.5 million
(DBN)

How The Fannie Mae, Freddie Mac Conservatorship Has Undermined The Resolution Process
(DBN)

Feds bust massive mortgage fraud scheme
(DBN)

Warren Buffett's mobile home empire preys on the poor
(DBN)

____________

Municipalities:

Detroit council's pay ranks 11th among big cities Detroit council spend raise angers retirees facing cuts
(DBN)

Why everyone has started building a Detroit hotel
(DBN)

NLV mayor backs bankruptcy power for cities, counties
(DBN)

Forever unemployed: Why N.J.'s long-term jobless rate remains among highest in U.S.
(DBN)

Is Puerto Rico Heading For A Crash?
(DBN)

How to resolve Puerto Rico's fiscal crisis
(DBN)

New proposal to revitalize Atlantic City de-emphasizes gambling's role

What to do in NYC this spring
(DBN)

Cash-strapped Troy can't afford police cars and cameras
(DBN)

Michigan wrangles with school debts
(DBN)

____________

Oil/Gas:

Mon. A.M.: Oil rebounds as Iran exports seen taking months to ramp up Oil up more than $1 after Saudi's Asia price hike
(DBN)

Investing in Oil and Gas Royalties: Distressed Counterparty Risk Considerations
(DBN)

Distressed energy companies: drilling down
(DBN)

Creditors Pulling the Plug on Shale Sector
(DBN)

The US oil boom is moving to a level not seen in 45 years US oil production growth hits 100-year high
(DBN)

Moody's downgrades Sabine amid financial woes
(DBN)

Willbros says it escaped a potential debt default after reaching a deal with its lenders
(DBN)

Oil sands developer denied bid to restructure in Canada
(DBN)

EIA: Permian is the last major shale play pumping more oil
(DBN)

BP Fears U.S. Unit Insolvency on Deepwater Horizon Spill Fine
(DBN)

Energy Glut Is More Than Just Crude
(DBN)

____________

Personal Finance:

10 common cover letter mistakes that can hurt your career
(DBN)

17 interview questions that are designed to trick you
(DBN)

5 ways to look like a millionaire
(DBN)

____________

Lehman:

Lehman Brothers administrators prepare to pay dividends
(DBN)

Lehman Brothers’ Richard Fuld to Speak in NYC in Late May
(DBN)

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Healthcare:

Ombudsman Does Not Find Patient Care Decline At Hutcheson Under Bankruptcy, But Cites Physician Shortage
(DBN)

Struggling hospital's officials accuse attorney of fraud Hutcheson Says Its Own Lawyer Was Secretly Sharing Information
(DBN)

FTC Clarifies “Failing Firm” Defense
(DBN)

____________

Retailing:

RadioShack stores sold out of bankruptcy begin trek as new company
(DBN)

RadioShack's Blueprint for a Rebirth, Planned by a Hedge Fund
(DBN)

Fresh Produce files for bankruptcy
(DBN)

Retail chain shows interest in closed Alco stores near San Antonio
(DBN)

Retail bankruptcies leave employees in the lurch
(DBN)

____________

Bankruptcy Crimes:

St. Louis businessman faces bankruptcy fraud charge
(DBN)

Springfield businessman pleads guilty to bank and bankruptcy fraud
(DBN)

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Apparel:

Monet Handbags, which made custom purses in upstate New York, files for bankruptcy
(DBN)

____________

Fraud:

Carmel man gets 4 years in prison in Ponzi scheme
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Bankruptcy Filings Continue Yearly Tumble, Falling 10 Percent In March, Filings Per Capita Up
(DBN)

Forecasting Corporate Failure: Understanding Statistical and Theoretical Approaches To Bankruptcy Prediction (page 19)
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Bankruptcy Reform:

ABI Commission Opts to Assume the Current State of the Law on Executory Contracts and Leases
(DBN)

Chapter 11 Reform: Proposed ’Adequate Protection’ Recommendation Hurts Retailers
(DBN)

____________

Administrative Claims:

International Shipments: When"Received By The Debtor" Under Section 503(b)(9) Might Not Mean Physical Possession (p. 11)
(DBN)

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Tax:

NOL Preservation For Bankrupt Corporations: Choosing Between 382(l)(5) and (l)(6) (page 16)
(DBN)

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Appeals:

Argument analysis: Justices weigh practicalities of appellate review of decisions rejecting bankruptcy plans
(DBN)

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Education:

544 colleges under watch over shaky finances
(DBN)

America's Flagging Higher Education System
(DBN)

What these colleges are doing on tuition is better than Stanford
(DBN)

____________

Finance:

Make Whole Provisions In Ch. 11
(DBN)

____________

Tech:

GT Advanced seeks debtor-in-possession loan
(DBN)

____________

Weather:

California's wealthy lagging in water conservation
(DBN)

____________

Sovereigns:

Argentina pulled the most 'only in Argentina' thing ever on Citibank Bankers, Central Bank crossfire over Citibank CEO's removal
(DBN)

Argentina central bank to inspect local Citibank HQ and ensure it complies with local laws
(DBN)

____________

UK:

EE hit with £336m bill from Phones 4U collapse
(DBN)

Bankrupt ex-footballer Michael McIndoe at centre of £30m scam probe: 'I'm surviving on handouts'
(DBN)

____________

PIIGS:

Greek Finance Minister to IMF Head and US Treasury Next Week
(DBN)

Greece needs deal with lenders on April 24 -finance minister to paper Greece will 'meet all obligations'
(DBN)

Greek political unrest and deepening debt crisis fuel talk of snap election
(DBN)

Greece ready to make $490m IMF payment on time IMF chief Christine Lagarde: Greece will pay us back
(DBN)

Greek officials reportedly have a plan that would 'cause a furor in the markets'
(DBN)

Meryvn King sees way to ‘growing’ Greece
(DBN)

____________

Canada:

Target’s retreat tactics raise questions about CCAA
(DBN)

____________

Brazil:

How Much Of Brazil's Economy Got Lost In Petrobras Scandal?
(DBN)

The Petrobras Scandal Is Helping Destroy Brazil's Job Market
(DBN)

____________

Ukraine:

Ukraine Is Going Bankrupt following Year of War
(DBN)

____________

Japan:

Japan's wary manufacturers are keeping the country's economic recovery stuck in the slow lane
(DBN)

____________

Russia:

Russia is at the dawn of a darker economic era
(DBN)

____________

Bulgaria:

Bulgaria Court to Hold Hearing on KTB Insolvency Case on 15 April
(DBN)

____________

Hong Kong:

Rise in litigation funding lures overseas legal experts to Hong Kong, insolvency is good market
(DBN)

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