December 10, 2015

The Daily Bankruptcy News

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Law:

GC laments challenges of explaining law firm fees to business
(DBN)

Vast Majority Of In-House Counsel Read And Value Blogs
(DBN)

Lawyers At Walmart Law Begin Their Day With Shopping Cart Cleanup
(DBN)

NJ: Totowa law firm files for bankruptcy protection
(DBN)

Dewey, The D.A., And Secrets
(DBN)

EY to launch legal risk practice in January
(DBN)

5 Lessons From a Social Media Survey of In-House Counsel
(DBN)

Partners' Biggest Beefs With Associates' Briefs
(DBN)

The ABA Takes First Step To Tighten Bar Pass Standards
(DBN)

Holding Law Schools Accountable
(DBN)

Texas A&M Law School Cuts Resident Tuition 15%, Locks In Rate For Four Years
(DBN)

4 Empty Job Search Platitudes (And How To Fix Them)
(DBN)

The 25 best iPhone apps of 2015, according to Apple
(DBN)

FBI Chief: San Bernardino shooters were radicalized 'before they started dating' The San Bernardino Shooters' Radicalization Investigators scour California shooters' pasts for potential red flags Investigators Probe Man Who Bought Guns Used in San Bernardino Shooting San Bernardino Gunman Plotted L.A. Attack With Neighbor in 2012 — But Got Cold Feet: Sources Calif shooters talked jihad before they met: FBI San Bernardino medic had 5 seconds to check if each massacre victim was alive or dead
(DBN)

A terror expert clearly and calmly explains the risk of "lone wolf" ISIS attacks in the US
(DBN)

Do most Muslims around the world applaud ISIS? Hardly.
(DBN)

CA: Woman Tosses Coffee at Praying Muslims
(DBN)

Mysterious arsonist in NYC Jewish neighborhood: Anti-Semitic attacks?
(DBN)

Burglar charged with stealing mom's soup
(DBN)

Law firm is flooded with phone calls from scammer’s caller ID number
(DBN)

Videos from police probe of bikini baristas are subject to open meetings law, judge rules
(DBN)

Steve Sarkisian Sues USC For ‘Kicking Him To The Curb’
(DBN)

Cops: N--- man, 19, carjacked Fed Ex delivery truck
(DBN)

Stopped by Police? There's an App for That
(DBN)

Cops Fighting Mandatory Drug Tests — Claim It’s ‘Unconstitutional’ to Screen Police Urine
(DBN)

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Judges:

When a Chief Justice Declared That Women Make Better Secretaries
(DBN)

Scalia: Minority Students Better Off Elsewhere, Where 'They Don't Feel Pushed Too Hard' UT lawyer had the perfect response when Justice Scalia suggested some blacks go to a 'slower-track school' Scalia: Black students do better at 'less-advanced' schools than UT Antonin Scalia Is So Racist He Probably Still Thinks Pluto Is A Planet Justice Scalia's controversial comments on affirmative action echoed longtime arguments from the court's only black member
(DBN)

Heated Arguments Fly At Supreme Court Over Race In College Admissions
(DBN)

Unprofessional Judge Calls Public Defender Unprofessional
(DBN)

You Don’t See This On Many Résumés, At Least Not For Supreme Court Justices
(DBN)

JCB Charges Eakin Over Racy Emails
(DBN)

Another justice of Pennsylvania’s top court faces ethics complaint linked to ‘P---gate’
(DBN)

Would SCOTUS uphold Trump’s plan to bar Muslim immigrants?
(DBN)

Judge reprimanded for using ‘one of the worst profanities known to the English language,’ fined $10K
(DBN)

Woman who shot at tires of fleeing shoplifting suspect gets 18 months of probation
(DBN)

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Wall Street:

U.S. stock futures point to first gain in four days ahead of claims data
(DBN)

Wall St. falls in technical trade ahead of Fed rate decision
(DBN)

Citigroup sees trading revenue falling up to 20%
(DBN)

Corporate insiders dump stocks in cautionary sign for markets Massive insider selling spurs stock market concerns
(DBN)

Oil pressure keeps rising on markets
(DBN)

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Layoffs:

WARN Act Violation States Fiduciary Duty Breach
(DBN)

Obamacare Will Mean 2 Million Fewer Workers Over 10 Years, CBO Says
(DBN)

Rabobank Plans to Cut 9,000 More Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

El Paso Children's Hospital to emerge from bankruptcy
(DBN)

Texas hospital forced to close gets potential lifeline
(DBN)

Court Grants Bankrupt Hospitals an ERISA Special Collection Agent for All Denied Claims
(DBN)

Chanos: Short Obamacare
(DBN)

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Pharma:

Pharma companies' no. 1 justification for high drug prices is bogus
(DBN)

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Student Debt:

How Elizabeth Warren Convinced Obama's Treasury To Aid Fraud Victims
(DBN)

The long-term consequences of student loans
(DBN)

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Personal Finance:

Five habits that kill your buying power
(DBN)

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Education:

Yale lecturer resigns over Halloween costume email controversy
(DBN)

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Coal:

Coal industry could leave U.S. taxpayers with major bill
(DBN)

U.S. coal industry on board 'slow-motion train wreck'— report
(DBN)

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Religion:

Winners and Losers in Archdiocese’s Bankruptcy
(DBN)

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Pensions:

Final Regulations Will Affect Default Risk for Borrowers with Pension Plans
(DBN)

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Alternative Energy:

Failing Green Energy Firm Halts Operations At Federally-Funded Biofuels Plant
(DBN)

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Chemicals:

Source confirms Dow, DuPont merger rumor
(DBN)

____________

Banking:

FDIC Advisory Letter on Loan Participations
(DBN)

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Electricity:

Staffers: Texas Should Stop Oncor Deal
(DBN)

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Economy:

Weak US inventories seen weighing on fourth quarter growth
(DBN)

Middle-class families, pillar of the American dream, are no longer in the majority, study finds American middle class has lost nearly 30% of wealth The 40 Year Decline of the Middle Class The Middle Class Is No Longer America's Economic Majority
(DBN)

Study: credit card debt may reach alarming levels
(DBN)

Nobel Laureate Says Fed Shouldn't Raise Interest Rates Next Week
(DBN)

1 in 5 Americans will die in debt The costliest lie Americans tell themselves
(DBN)

The next question facing the Fed is whether there will be a rate hike in March
(DBN)

The US Dollar is Raising Alarm Bells
(DBN)

Larry Summers and two groups unite against the Fed’s Yellen
(DBN)

Higher interest rates prove Fed is doing a bang-up job
(DBN)

What a Fed interest rate increase could mean for you
(DBN)

DoubleLine's Gundlach says 'real carnage' in junk bonds ahead of Fed
(DBN)

Why I'm worried about a recession: Citi strategist
(DBN)

Is college worth it? Goldman Sachs says maybe not
(DBN)

Why the U.S. economy is 'fundamentally sound'
(DBN)

The Shutdown Fight Neither Party Wants
(DBN)

Look Who’s Spending Less: Higher-Earning, Older Americans
(DBN)

As America’s Workforce Ages, Here’s Where the Jobs Will Be
(DBN)

Immigration: Good for U.S. but not for all Americans
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Weekly mortgage applications up 1.2% MBA: Mortgage Applications Increase in Latest MBA Weekly Survey, Purchase Applications up 29% YoY
(DBN)

Framing Lumber Prices down Sharply Year-over-year
(DBN)

Why it’s so hard to afford a rental even if you make a decent salary
(DBN)

Renting isn’t getting any cheaper, analysts say Housing's new crisis: Half your income for rent Nearly Half of Renters Put Too Much Toward Rent
(DBN)

Debtors Denied Discharge for Failure to Make Mortgage Payments Outside Plan
(DBN)

TransUnion: Mortgage market will completely recover next year
(DBN)

FL: Bankruptcy auction OK'd for office building with stalking horse bid of nearly $26M
(DBN)

Stalking horse bidder to take control of 45 John Street for $73.6M
(DBN)

____________

Municipalities:

Bond Insurers Balk at Puerto Rico Power Authority Deal
(DBN)

Gov: Puerto Rico default likely on upcoming bond payments
(DBN)

Puerto Rico Pleads for U.S. Aid as Senate Dashes Bankruptcy Push U.S. legislators push Puerto Rico fixes as governor visits capital
(DBN)

Puerto Rico risks 'another lost decade' - Treasury
(DBN)

Puerto Rico has no quick return to financial markets - Treasury official
(DBN)

Puerto Rico Governor Says He’s Open to Federal Control Board
(DBN)

Puerto Rico governor says December bonuses 'part of salary'
(DBN)

Republican Reluctance to Aid Puerto Rico Seen Thawing in Bill
(DBN)

Congressman Duffy to introduce Puerto Rico bill Wednesday
(DBN)

Republican Moves on Puerto Rico Show Bipartisan Opening
(DBN)

Wal-Mart v. Puerto Rico: Strong Case, Weak Odds
(DBN)

Countdown to a Decision Over Puerto Rico's Debt
(DBN)

A year out from bankruptcy, Detroit sees signs of gradual improvement One year since Detroit emerged from bankruptcy , city now has surplus Event on post- bankruptcy Detroit cut short amid protests Detroit: Shouting, reflection mark first year free of bankruptcy Hard work follows Detroit bankruptcy success Detroit facing challenges one year after bankruptcy One year post- bankruptcy , Detroit still has a long to-do list
(DBN)

Expert says Bond Markets Leery After Detroit Bankruptcy
(DBN)

____________

Autos:

G.M. Compensated Some Pre-Bankruptcy Crash Victims
(DBN)

GM fund approves $594.5 million in ignition claims GM Pays Ignition Victims Less Than $600 Million in Settlements
(DBN)

Where Volkswagen fights its US diesel-cheating lawsuits matters. A lot.
(DBN)

Volkswagen: Will out those to blame for crisis
(DBN)

VW says now only 36,000 cars affected by CO2 cheat
(DBN)

VW chairman: Main challenge is to win back trust
(DBN)

____________

Oil/Gas:

Oil climbs as U.S. crude supplies log first decline in 11 weeks Oil drops as traders focus on distillate stock build
(DBN)

Energy Sector's Junk-Bond Pain Spreads - Investors prepare for a wave of defaults next year Energy Junk Bonds : The Next Subprime?
(DBN)

Chevron cuts 2016 capex budget 24 percent
(DBN)

Oil recovery by 2017? Not likely
(DBN)

OPEC predicts rivals' supply to contract in 2016
(DBN)

Oil prices may go even lower in 2016: IEA’s Birol
(DBN)

Tick Tock: Time Running Out for Struggling Oil and Gas Drillers
(DBN)

Half of Oil Junk Bonds Could Default
(DBN)

One of the Oil Sector's Biggest Cash Machines is Running Dry
(DBN)

Kinder Morgan’s drastic dividend cut may be followed by others Kinder Morgan rebounds
(DBN)

Freeport McMoRan cuts drillships as commodity meltdown bites
(DBN)

Shale Doesn't Move Oil Prices, OPEC Does
(DBN)

Dolphin Geophysical facing bankruptcy
(DBN)

OPEC Market Moves Looks Like the 1990s
(DBN)

Billionaire Investor: 'The greatest energy investing opportunities we've ever seen'
(DBN)

Vast majority’ of dividends at European oil firms safe even at $40 oil, says Barclays
(DBN)

Are cheap gas prices here to stay? Consumers think so
(DBN)

Oil output declines significant in 2016: Petrie
(DBN)

Here's the opportunity in crashing crude: BNP
(DBN)

Oil’s plunge hammers U.S. funds, humbles even savviest investors
(DBN)

Alaska Governor Calls for Income Tax
(DBN)

____________

Politics:

Donald Trump rips Time magazine after being snubbed for Person of the Year Donald Trump: 'I. Will. Never. Leave. This. Race.' New York Daily News likens Trump to a jihadist Did Trump Just Win? Donald Trump widens lead in New Hampshire poll After Trump’s Muslim ban, 100,000 Brits want to ban him Donald Trump’s war on Muslims, explained Trump: 'I'm doing good for the Muslims' A Trump-Netanyahu Meeting Is on the Cards Why is Donald Trump going to Israel? Donald Trump's visit to Israel could have explosive implications Israeli PM Netanyahu ‘Rejects’ Trump’s Proposed Muslim Ban The Polls May Be Underestimating Trump's Support Has Donald Trump finally gone too far? Here Are Donald Trump’s Most Enthusiastic Fans Donald Trump’s Melodrama and Forfeiting Elections Using Fear To Trump Reason Only One Thing Can Stop Donald Trump Does Supporting Donald Trump Make You A Racist? It's not chaos. It's Trump's campaign strategy. How Donald Trump United America
(DBN)

A soldier’s response to racists who want him to hate Muslims after losing a leg in Iraq
(DBN)

Bernie Sanders on Donald Trump's anti-Muslim rhetoric: that "crap" won't work in the US
(DBN)

Clinton Targets 'Earnings Stripping' by Corporate Tax Avoiders Hillary Clinton's Very Good Year
(DBN)

Millennials (even liberal ones) should be inspired by Donald Trump and Ben Carson
(DBN)

Disapproval of Donald Trump Hasn’t Hurt GOP, Polls Show
(DBN)

FactCheck: Cruz on San Bernardino Shooting
(DBN)

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New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

TIA:

Judges Gone Wild
(DBN)

____________

SCOTUS:

SCOTUS Denies Cert In Barton Doctrine Case Court of Appeals Opinion
(DBN)

A Supreme Court Review of Bankruptcy Cases
(DBN)

Que Certa, Certa: Supreme Court Creates Uncertainty with “Cert” Review of Puerto Rico Recovery Act
(DBN)

____________

Plan Confirmation:

Castleton: 7th Circuit's Answer to 203 N. LaSalle's Market Test
(DBN)

____________

Post-Confirmation:

Post-Confirmation Powers: EDNY Bankruptcy Court Orders Government Entities to Act in In re Suffolk Regional Off-Track Betting Corporation
(DBN)

____________

Mining:

Freeport-McMoRan suspends dividend, cuts spending
(DBN)

Glencore can't cut its debt fast enough
(DBN)

____________

Retailing:

Downbeat Americans may spend less for holidays: Survey
(DBN)

Costo quarterly earnings fall more than 3%
(DBN)

A Slimmer SkyMall Edges Back into Seatback Pockets
(DBN)

Amazon's been profitable lately, but don't expect it to last
(DBN)

Jos. A. Bank sales are down 35%
(DBN)

____________

Taxis:

Drivers suing Uber just won a big victory
(DBN)

____________

Fraud:

Las Vegas fraud convictions linked to USA Springs bankruptcy case
(DBN)

U.S. appeals court overturns SEC commissioners in State Street case
(DBN)

____________

Brokers:

Boston Prime: A Bankruptcy Gone Wrong in so Many Ways
(DBN)

____________

Horse Racing:

Shedding Light on NYCHA’s Future
(DBN)

____________

Telecoms:

LightSquared Voluntarily Dismisses Lawsuit Against U.S.
(DBN)

____________

Paper:

Lincoln mill sold but buyer says it would resell to papermaker
(DBN)

____________

Sovereigns:

Incoming Argentina Finance Minister Meets With Creditors
(DBN)

Argentina Seeks Prompt Debt Negotiations, Mediator Pollack says Pollack says Argentina's new gov't intends to begin debt talks 'promptly'
(DBN)

Russia, Ukraine Lurch Toward Court Battle Over Bond Dispute
(DBN)

IMF Reverses Policy on Lending into Official Arrears
(DBN)

____________

UK:

U.K. stocks face fifth losing session as mining, oil shares slump
(DBN)

Begbies Traynor sees profits plummet to £0.6m amid difficult insolvency market
(DBN)

Rangers trying to deal within their financial reality
(DBN)

Clifford Chance settles over Excalibur negligence suit
(DBN)

Shepherd and Wedderburn restructuring and insolvency team boosted by lateral hires
(DBN)

____________

EU:

European stocks slide to 7-week low
(DBN)

Europe seen lower amid continued oil rout
(DBN)

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PIIGS:

Cabinet rushes to get bankruptcy Bill approved
(DBN)

Italy Needs a Cure for Its Bad-Debt Headache
(DBN)

Greek unemployment rate stays at 24.6% in Sept.
(DBN)

Abengoa creditors to seek country-by-country solutions to debt crisis Adviser puts Abengoa liquidity needs at 450 mln euros - source Spain's Ferrovial has no plans to take a stake in Abengoa-spokesman
(DBN)

____________

Canada:

Is Canada ready for negative rates?
(DBN)

____________

Ukraine:

Russia's Putin threatens Ukraine with court over $3 billion debt
(DBN)

____________

MENA:

Saudi Arabia to Introduce Revolutionary New Insolvency Law in 2016
(DBN)

Russian fighters are joining ISIS in record numbers
(DBN)

____________

Finland:

Finland's hugely exciting experiment in basic income, explained
(DBN)

____________

Mexico:

Facing possible bankruptcy , Pemex announces plans to upgrade its refineries
(DBN)

____________

Brazil:

Brazil Ratings Put Under Review for Cut to Junk by Moody's
(DBN)

The Professor at the Heart of Brazil's Market Meltdown
(DBN)

____________

Austria:

Carinthia to Vote on Heta Tender as Creditors Reiterate Refusal
(DBN)

____________

Malaysia:

Amendment To Bankruptcy Act In Final Stage
(DBN)

____________

Mexico:

Mexico's Geo says gets approval to trade shares again
(DBN)

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