August 18, 2015

The Daily Bankruptcy News

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Law:

Law firms on verge of demographic crisis
(DBN)

Efficiencies Panel: Big Law’s Value Gap Value gap between law firms and clients identified by Seyfarth Shaw
(DBN)

Dewey Defense Grills Key Witness as State's Case Winds Down
(DBN)

Which Law School’s Enrollment Has Dropped By More Than 50 Percent?
(DBN)

Uh-Oh! Hackers Screw Up Biglaw Callbacks At T14 Law School
(DBN)

The New Normal In Law Schools
(DBN)

An Update On An Addicted Associate
(DBN)

It's True--Sometimes Clients Do Things Just To Mess With You ...
(DBN)

Is Happiness at Work Overrated?
(DBN)

Bankruptcy Lawyer: Stop Asking Me When I’m Going To Reproduce
(DBN)

What Northwestern Mutual’s GC Looks For in a Law Firm
(DBN)

80 of 100 Big Law Firms Have Been Hacked Since 2011
(DBN)

Lawyer goes on trial for allegedly coaching witnesses to lie; scripted Q-and-A cited
(DBN)

Prominent Defense Attorney Uses Networking To… Hire A Killer
(DBN)

3 Things You Can Do Today To Build The Practice You Want Tomorrow
(DBN)

Strapped for cash to start a law firm? Crowdfunding may be permissible, ethics opinion says
(DBN)

Polite phrases that are actually passive-aggressive
(DBN)

Woman fires gun at two 8-year-old children while babysitting them, blames alcohol
(DBN)

Lawyer is charged in federal drug case; judge appoints public defender
(DBN)

A Preference For Horses May Lead To Disbarment
(DBN)

Allegedly fired after pointing to big legal bills, school administrator gets $300K settlement
(DBN)

Stockton Bank Robbery: 33 Cops, 600 Found Fired
(DBN)

The Reason You Haven’t Heard More About The 177 Bikers Arrested In Waco
(DBN)

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Judges:

Judge recorded making threats in courtroom: "Do you want to fight me?"
(DBN)

Complaint filed against Texas judge over 'get married or go to jail' order
(DBN)

Former Judge Gets 18 Months in Prison
(DBN)

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Wall Street:

US stock futures slip as investors wait for reasons to buy
(DBN)

 

Chinese stock slump weighs on world markets London stocks heading toward sixth straight decline
(DBN)

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Layoffs:

US Steel Idling Alabama Mill; About 1100 Jobs Affected
(DBN)

Bass Pro to lay off 500 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Patriot Coal Reaches Deal to Sell Remaining Mines Will sell remaining assets, liabilities to nonprofit
(DBN)

Union rallies outside Patriot Coal over pension benefits
(DBN)

The New King Coal: George Soros
(DBN)

Arch Coal, Inc. Announces Extension of Private Debt Exchange Offers
(DBN)

Colombia coal seller sees no end to price slump
(DBN)

Unique Challenges for Coal Companies Exiting Bankruptcy
(DBN)

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Communications:

Bankruptcy court approves Standard Register name change
(DBN)

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Environmental:

DEP objects to Patriot Coal's bankruptcy plan
(DBN)

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Gambling:

Restructuring talks between Caesars, bank lenders break off
(DBN)

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Childcare:

Children of America exits Chapter 11 bankruptcy
(DBN)

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Defaults:

Leveraged Loan Default Rate To Hit 6-Month High, Thanks To Samson Resources
(DBN)

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Junk Bonds:

Junk bonds just 'blew up'
(DBN)

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Retailing:

American Apparel Raises ‘Going Concern’ Doubts as Losses Mount American Apparel Agrees to $90 Million Asset-Based Infusion
(DBN)

Home Depot Lifts Guidance Amid Housing Recovery
(DBN)

Sale of Hawaii’s Hilo Hattie flagship store to landlord finalized, fate of company uncertain
(DBN)

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Economy:

Empire State index tumbles to recession-era levels
(DBN)

US economic growth gauge takes a tumble
(DBN)

Homebuilders in U.S. Gain Confidence as New York Factories Slump
(DBN)

Productivity measures trailing technology
(DBN)

Cutting defense spending could hurt economy, Bernanke warns
(DBN)

Liquidity crisis? What liquidity crisis, asks New York Fed
(DBN)

Americans want unions
(DBN)

Americans spend a smaller fraction of their budget on food than anyone else
(DBN)

Profits aren't actually growing — companies are just fudging the numbers more than usual
(DBN)

The global economy is losing its last shock absorber The 5 most intense risks looming over the global economy right now
(DBN)

The best state and city for small business
(DBN)

New study finds college degrees do not benefit blacks and Latinos as much as whites
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home builder sentiment rises in August: NAHB
(DBN)

Home builder confidence reaches highest level in nearly 10 years
(DBN)

Why Americans wait longer than ever to buy first homes
(DBN)

Mortgage Lenders Still Shunning Subprime Borrowers
(DBN)

Rising home, construction prices knock a dent in affordability in 2Q
(DBN)

Millennials are getting stuck renting for way longer than previous generations
(DBN)

Proof that real estate and housing are hot
(DBN)

Housing recovery drives Home Depot sales beat
(DBN)

San Francisco's 'housing crisis' is reaching epic proportions
(DBN)

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Municipalities:

Puerto Rico Crisis: It's Not About the Debt, It's About the Politics
(DBN)

Puerto Rico bank liquidity stands at $1B: Official
(DBN)

Detroit paying penalty on first bond sale since bankruptcy
(DBN)

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Oil/Gas:

Oil Goes Down, Bankruptcies Go Up - These 5 Frackers Could Be Next To Fall
(DBN)

Many more oil-related bankruptcies: Gartman
(DBN)

Tues.: Oil drops again as oversupply fears persist US oil prices near six-year lows as China weighs Global Oversupply Seen Prolonged Oil Markets Coming To Grips With Prices Remaining “Lower for Longer”
(DBN)

Oil holds below $43 with analysts predicting further weakness U.S., OPEC keep pumping Oil ends down 1.5% as demand concern weighs Crude sinks below $42 as production rises in North Dakota August Is Unlikely To See A Recovery In Oil Prices
(DBN)

Samson Resources impending bankruptcy Samson Resources revamp sees Chapter 11 filing by Sept. 16
(DBN)

Civeo Will Choke On Its $500 Million Debt
(DBN)

This British energy group was kneecapped by cripplingly low oil prices
(DBN)

Black Elk Energy Offshore Operations LLC files for Chapter 7 amid federal criminal charges
(DBN)

Chevron gives notice to workers as it prepares to cut 950 jobs
(DBN)

Low Prices Put Oil Driller in Chapter 11
(DBN)

US shale industry faces crackdown on methane gas leaks
(DBN)

Saudi growth to slow as kingdom adjusts to cheaper oil
(DBN)

What’s At Stake As The Oil Glut Continues
(DBN)

Could the oil slump push this country to default?
(DBN)

Fitch: "All clear" call premature as oil muddies Houston housing
(DBN)

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Corporate Reform:

Citigroup to Pay $180 Million Over Crisis-Era Hedge Fund Fraud
(DBN)

Banks brace for billions in civil forex rigging claims
(DBN)

____________

Food/Beverage:

A&P, in change of plan, seeks bids for all its grocery stores
(DBN)

Judge tells A&P, unions to resolve issues by Wednesday A&P says union placing sale of stores in jeopardy
(DBN)

Z’Tejas set to emerge from bankruptcy under pending deal
(DBN)

____________

Movies:

Relativity Bankruptcy Judge To Hear RKA Film Financing Complaints Thursday
(DBN)

____________

Taxis:

Uber is making New York City cab drivers miserable
(DBN)

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Celebs:

Ramona Singer’s New Man In Financial Trouble: Peter Owed Creditors $400,000
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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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Avoidance Actions:

Furniture Brands International – Preference Litigation Update
(DBN)

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Personal Bankruptcy:

Rule Protecting Senior Creditors Reaches Lone Ch. 11s
(DBN)

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Notice:

Back to School Basics: Attorneys Should Confirm Their Address Information is Correct and Monitor Their Case Docket
(DBN)

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Discharge:

Consensual Third-Party Releases: What Constitutes “Consent”?
(DBN)

____________

Involuntary Bankruptcy:

Numerosity Requirement for Filing Involuntary Bankruptcy Petition
(DBN)

____________

Politics:

Trump driving migrant debate among GOP field Donald Trump says it would be a ‘miracle’ if Hillary Clinton continues to run Paul Krugman: 1 percenters are pulling the GOP candidates' strings -- and Trump is benefiting Why showman Trump is great for GOP Donald Trump has regularly insulted women Trump Favorability Among Women Typical for GOP Candidates How disastrous would Trump's foreign policy be? Donald Trump wants to wage economic war on Mexico to get them to pay for a border wall Trump's tax plan would save his family billions Donald Trump Reports for Jury Duty
(DBN)

Report: Authorities are finding more classified info in Hillary Clinton's emails ... This sample intelligence assessment shows the seriousness of the Hillary Clinton email scandal The probe of Hillary Clinton's server could find more than just emails Bob Woodward Compares Emailgate To Watergate
(DBN)

Texas Ag Commissioner: Let's Nuke the Muslim World
(DBN)

____________

Healthcare:

Commissioners doubt El Paso Children's ability to put forth bankruptcy plan
(DBN)

Children's, UMC should try again to settle
(DBN)

____________

Resorts:

Baha Mar ‘Ignoring Supreme Court Refusal To Recognize Chapter 11 Cases’
(DBN)

No Christmas cheer expected for stalled $3.5 bln Bahamas resort
(DBN)

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Sovereigns:

How to stave off ‘bankruptocracy’
(DBN)

____________

UK:

Ex-Liverpool and Leeds player declared bankrupt
(DBN)

Nationwide is taking a £10 billion mortgage hit
(DBN)

____________

PIIGS:

German FinMin: We never wanted Greece out of the euro Merkel battles worries about IMF involvement in Greek bailout Greek confidence vote casts shadow over bailout Greek government relaxes some restriction on money transactions
(DBN)

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Canada:

Insolvency and lending lawyer Michael Hanlon joins McMillan's Montréal office
(DBN)

Who Is Entitled To The Holdback Funds: The Contractor’s Trustee In Bankruptcy Or The Payment Bond Surety?
(DBN)

____________

China:

China shares tumble 6.2% despite PBOC's big cash injection There goes China ...
(DBN)

Copper slumps to 6-year low on China woes
(DBN)

China move may spell end of Greenspan ‘conundrum’
(DBN)

____________

Bulgaria:

One of main problems of the Bulgarian business is the fear of bankruptcy: economist
(DBN)

____________

Netherlands:

Imtech bankruptcy to squeeze 500 Netherlands businesses
(DBN)

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Czech Republic:

Czechs go insolvent in increasingly younger age
(DBN)

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Venezuela:

Venezuela's currency is now so worthless that people are using it as napkins
(DBN)

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