December 11, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Davis Polk Announces!!!
(DBN)

Associate Bonus Watch: A Chance To Exceed The Cravath Scale
(DBN)

Associate Bonus Watch: Boies Schiller Pays Up To $350K (Again)
(DBN)

Skadden comes top on associate bonus with extra $10k for high-flyers
(DBN)

Associate Bonus Watch: Two More Firms Hop On The Cravath Bonus Bandwagon
(DBN)

Associate Bonus Watch: Another Cravath Match, But This Time, Associates Who Did More Got ‘More’ Money
(DBN)

5 Reasons These Biglaw Bonuses Suck
(DBN)

Haynes & Boone Names New Bankruptcy Partner
(DBN)

Negotiate Like Trump: Use This One Technique To Get Massive Results
(DBN)

GC: Part Time Lawyers? — Why not?
(DBN)

How to Save Time, Money and Heartache in eDiscovery
(DBN)

Glenn Siegel on Why Chapter 11 Is So Expensive
(DBN)

Glenn Siegel on The Next Restructuring Wave
(DBN)

Would You Represent Donald Trump?
(DBN)

Partners warned of dangers of firm-hopping
(DBN)

Is Law School A Better Investment Than Medical School?
(DBN)

BigLaw partner suggests his own sanction for tweeting photos during trial
(DBN)

ABA Approves Merger Of William Mitchell And Hamline Law Schools
(DBN)

Law firm files for bankruptcy after $2.25M verdict against it
(DBN)

Pillsbury Elects Five New Partners for 2016
(DBN)

May lawyers reveal client information to prevent suicide? Virginia ethics counsel has guidance
(DBN)

Will Technology Create More Legal Jobs Than It Destroys?
(DBN)

17 awesome gifts under $50 for your office's Secret Santa pool
(DBN)

13 small things you do that people use to judge your personality
(DBN)

5 ways you are screwing up your iPhone battery
(DBN)

2-Year-Old Dies Tragically; Law Student Arrested For Murder
(DBN)

You CANNOT Sue An Art Museum Because It Has Paintings Of White People
(DBN)

Glamorous Solicitor of the Year: Round Two
(DBN)

2015 gifts for lawyers (gallery)
(DBN)

Bonkers Las Firm Website: You don't have to be a criminal to work here
(DBN)

Another lawyer is indicted in alleged scheme to file false certificates of completion with court
(DBN)

Lawyer who lives in Iowa seeks election as Illinois state’s attorney
(DBN)

Firefighters sue siren maker over hearing loss
(DBN)

Keeping Billionaire's Family Feud Quiet Proves Tricky
(DBN)

Wow Mom buys 300 presents for kids, gets trolled
(DBN)

Cadets Who Wore KKK Hoods Suspended
(DBN)

Judge overturns death sentence because of prosecutor’s Bible quotes
(DBN)

Calif. Shooters Planned Bigger Attack Jihadists Ignored Malik Communications
(DBN)

Authorities say paralegal stole nearly $440K, created fake real estate parties to cover up
(DBN)

Oklahoma City Cop Guilty on 18 Counts Case Exposes National Problem
(DBN)

Protesters aren't accepting Chicago Mayor Rahm Emanuel's apology over police shooting
(DBN)

Woman pouts after losing gun permit for shooting at shoplifters: ‘I will never help anybody again’
(DBN)

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Judges:

Rep. Conyers Urges 6 New Bankruptcy Judgeships, Conversion Of 16 Temp Bankruptcy Judgeships To Permanent
(DBN)

What’s The Difference Between Donald Trump And Antonin Scalia? Was Scalia’s comment racist? He notes argument that blacks may do better at ‘slower-track’ schools
(DBN)

That’s A Helluva Nickname For A Supreme Court Justice
(DBN)

A Judge Should Really And Truly Know Better
(DBN)

Satire At The Supreme Court In New Novel ‘Tuttle In The Balance’
(DBN)

Hot Mic Captures Justices' Remarks During Court Protest
(DBN)

Drug defendant’s turnaround a ‘Christmas present’ for judge, who gives him a hug
(DBN)

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Wall Street:

Losses deepen for U.S. stock futures
(DBN)

Wall Street rises after three down days, tracks oil
(DBN)

Is $50 Billion the Price of Repo Safety?
(DBN)

Third Avenue Blocks Redemptions From Credit Fund Amid Losses
(DBN)

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Layoffs:

December layoffs after company closes two Kan. ethanol plants
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Religion:

Lender Discrimination, Black Churches, and Bankruptcy
(DBN)

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Retailing:

Jos. A. Bank sales are down 35%, and Men's Wearhouse shares are getting punished Men's Wearhouse Plunges on Free-Fall in Jos. A. Bank's Sales
(DBN)

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Banking:

Banks Seek Capital From Fed in Wake of Dividend Reduction
(DBN)

Regulators Warn BofA That It Still Has Work to Do
(DBN)

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Celebs:

Teresa Giudice Special: 'RHONJ' Star Blamed For Bravo Budget Cuts?
(DBN)

'Dance Moms' Star Abby Lee Miller Freaks Out Amid Fraud Charges
(DBN)

Bankrupt 50 Cent Drops Video For “Too Rich”
(DBN)

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Healthcare:

New Hospital Group Applies At Last Minute To Purchase And Operate Hutcheson Medical Center
(DBN)

First Day Dec: Hebrew Hospital Senior Housing
(DBN)

Voya Sues Over Millennium Health $1.8 Billion Financing
(DBN)

HDL officers can access legal insurance, with limits, judge rules
(DBN)

New York City company seeks to take control of TLC Health nursing home
(DBN)

Many Obamacare Co-Ops Are Leaving Patients In The Cold
(DBN)

Can Competition Produce Less for Creditors?
(DBN)

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Coal:

Bankruptcy: Walter Energy Reaches Global Settlement With Lenders, Creditor Panel
(DBN)

Walter Energy Seeks Creditor Accord Approval to Avoid `Crash'
(DBN)

Bankrupt firm seeks bonuses for executives; plans cuts to employee benefits
(DBN)

Arch Coal risks delisting from NYSE
(DBN)

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Mining:

Glencore Cuts More Debt, Sells Assets
(DBN)

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Pigeons:

Farmers defrauded by Pigeon King won't see much money
(DBN)

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Pensions:

Plan To Cut Teamsters' Pensions Could Be First Of Its Kind Approved Under New Law
(DBN)

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Alternative Energy:

More Bad News for Tesla
(DBN)

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Taxis:

Uber Failing a Large Number of New Yorkers
(DBN)

States Pass Laws Selling Out Uber Drivers
(DBN)

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Economy:

US jobless claims at five-month high; import prices fall
(DBN)

'We're going to see some high-profile companies go bust'
(DBN)

U.S. Household Wealth Fell $1.23 Trillion in Third Quarter
(DBN)

Are We Seeing Danger Signs in the U.S. Economy?
(DBN)

US budget deficit widens in November to $65 billion
(DBN)

M&A to increase in 2016 as oil prices remain low
(DBN)

TransUnion Predicts Recovery from the Great Recession in 2016
(DBN)

This is what Goldman Sachs sees coming in 2016
(DBN)

American marriage changed in 35 years
(DBN)

Dow, DuPont to merge in deal valued at $130B
(DBN)

Grantham: Here are 12 ways people get America all wrong
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates move higher following upbeat jobs report
(DBN)

A Chicago bankruptcy lawyer, a Mexican billionaire and a fight over a Mag Mile penthouse
(DBN)

MBA: New home purchases fall 6% in November
(DBN)

Fannie Mae, Freddie Mac suspend foreclosure evictions during holidays
(DBN)

Sacramento Housing in November: Sales up 11.5%, Inventory down 28% YoY
(DBN)

KC: Hassenflu bankruptcy case dismissed after settlement with plaintiffs
(DBN)

Morgan Stanley reaches $225 million settlement with NCUA
(DBN)

Buffett Bets on Sears's Blank Space
(DBN)

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Municipalities:

Puerto Rico Wants Bankruptcy Provision Attached To Omnibus
(DBN)

Senate introduces bill for Puerto Rico relief - No bailout or bankruptcy court included
(DBN)

Puerto Rico debt aid depends on a deal in DC
(DBN)

Congress is trying to get Puerto Rico out of its 'death spiral' Republicans float plan to stave off Puerto Rico default
(DBN)

Congress Unlikely to Agree on Puerto Rico Rescue by Year's End
(DBN)

Misguided Plan for Puerto Rico Would Set Dangerous Precedent
(DBN)

Puerto Rico governor: No pension cuts to fix crisis
(DBN)

Presentation on Puerto Rican Debt
(DBN)

Puerto Rico Now Bankrupt?: What the U.S. Congress Plans To Do
(DBN)

Puerto Rico's Member Of Congress Is So Frustrated, He'd Prefer Independence
(DBN)

Protests Halt Forum With Detroit Bankruptcy Judge Audience calls 'baloney' on Snyder at WSU bankruptcy talk One year after exiting bankruptcy, Detroit 'modestly outpacing' projections
(DBN)

MI’s good times breeding anxiety among business leaders
(DBN)

Hope for a new city amid Detroit’s blight
(DBN)

Stockton: Beware another cruel blow to city finances
(DBN)

Moody's cuts rating of Ferguson, Missouri deeper into 'junk'
(DBN)

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Environmental:

2 ex-Freedom executives agree to settlement in spill lawsuit
(DBN)

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Politics:

Donald Trump just took his most commanding lead yet in a new poll Trump Fact Check: Says 25 percent of U.S. Muslims "agreed that violence against Americans here in the United States is justified as a part of the global jihad." Donald Trump fires back at 'disgusting' White House for mocking his hair The Trump Effect Begins to Hit Congress Scotland Cuts Ties to Donald Trump Most Americans oppose Trump’s Muslim plan Dumping Trump: The backlash begins Is Donald Trump a fascist?
(DBN)

The absolutely epic trolling letter Jeb Bush’s leadership PAC sent to Donald Trump’s lawyer
(DBN)

Ron Paul: This would shake up the market
(DBN)

Dictatorships, Double Standards and Ted Cruz
(DBN)

Clinton's Plan to Complicate Corporate Taxes
(DBN)

New survey casts doubt on Latino loyalty to the Democratic Party
(DBN)

Why Isn't Marco Rubio Doing Better?
(DBN)

Bernie Sanders: Why He Can't Win
(DBN)

GOP Worried About Contested Convention
(DBN)

Rent Is Too Damn High Party is for sale, ‘trademark and all’
(DBN)

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Autos:

No New Scandals From 100 VW Whistle-Blowers The VW Scandal Is Looking Overblown Volkswagen: Emissions Cheating Not 1 Off Deal VW Execs Duck Question on Responsibility VW Blames US for Their Emission Scandal VW Owners' Lawyers Nominate Feinberg as Settlement Master
(DBN)

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Oil/Gas:

20 Tips for Your Next Oil & Gas Restructuring
(DBN)

Oil Drops to 2009 Lows Oil Trades Near Six-Year Low as OPEC Strategy Weighs on Market 'Unrelenting' supply hits oil demand growth: IEA
(DBN)

Oil Industry Cutting Again, But It Still Might Not Be Enough
(DBN)

John Arnold: OPEC smells blood
(DBN)

4 reasons crude-oil prices are in a nasty death spiral—again
(DBN)

IEA Sees Oil Glut Lasting to Late 2016 as OPEC Keeps Pumping IEA swipes at OPEC’s ‘freewheeling’ policy
(DBN)

Russian deputy FinMin sees oil price around $40-$60/barrel for next 7 years
(DBN)

Billions of barrels of oil vanish in a puff of accounting smoke
(DBN)

The Latest Oil Trade: Swapping Control for Cash
(DBN)

Zombies appear in U.S. oilfields as crude plumbs new lows
(DBN)

Junkyard Dog: How Oil-Fueled Debt Caught Up With Chesapeake How Chesapeake Can Erase Oil From Its Books
(DBN)

TransCoastal Corporation Files For Bankruptcy in Dallas, Texas
(DBN)

OPEC's oil production spiked to a 3-year high in November
(DBN)

The Hidden Danger Of OPEC’s Market Share Strategy
(DBN)

North Dakota to see more declines in oil drilling as prices hit 7-year low
(DBN)

The Crude Reality on Lower Oil Prices
(DBN)

Oil and gas companies see more layoffs ahead: survey
(DBN)

KPMG warns of bleak oil industry prospects
(DBN)

Oil companies that may be in big dividend trouble
(DBN)

Arnold: Half of US energy industry may go under
(DBN)

Boost From Oil-Price Drop Is Elusive
(DBN)

Oil's low price brings oil patch hard choices
(DBN)

Is Crude on the Same Suicide Path as Coal?
(DBN)

The Oil-Patch Bust
(DBN)

Deal to End Oil Export Ban Near
(DBN)

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Construction:

Subcontractors, Worcester rest home try to force Whipple Construction into bankruptcy
(DBN)

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Food/Beverage:

In Pacific Northwest locations, Albertsons emerges stronger from Haggen’s troubles
(DBN)

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Fraud:

No More Public Company CEO Jobs for Jeff Skilling
(DBN)

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Compensation:

2015 Compensation Committee Handbook
(DBN)

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Gambling:

Casino bill pits Reid against Warren Sen. Reid stands up for Caesars and Nevada workers
(DBN)

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Student Debt:

Who's Profiting From $1.2 Trillion of Federal Student Loans?
(DBN)

‘Mapping Student Debt’ Report Shows Concentration of Low-Income Consumers with Student Debt Troubles
(DBN)

Four Ways Student Debt Is Wreaking Havoc on Millennials
(DBN)

The IRS Won’t Tax Corinthian Students’ Forgiven Loans… But What About Everyone Else?
(DBN)

5 things I gave up to pay off $68,000 of debt
(DBN)

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Theatre:

New Auction Date Scheduled For Surflight Theatre Property
(DBN)

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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 (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

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Plan Confirmation:

Revisiting § 1129(a)(7)’s “Best Interests of Creditors Test”
(DBN)

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Exemptions:

Debtor Equitably Estopped from Claiming Homestead Exemption
(DBN)

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TIA:

The Trust Indenture Act Rider Is Not a "Clarifying Amendment"
(DBN)

Law Professors Urge Congress to Postpone ‘Hasty’ Changes to Trust Indenture Act
(DBN)

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Bankruptcy Reform:

Changes to Law Made Bankruptcy More Expensive
(DBN)

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Jurisdiction:

“Determining Party Consent to a Bankruptcy Judge’s Authority to Decide ‘Stern’ Claims,”
(DBN)

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Finance:

Trends In Finance Law: Prepayment Penalties
(DBN)

S&P/LSTA Leveraged Loan Index in the red, YTD return negative 0.10%
(DBN)

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UCC:

First Circuit Confirms that Right to Payment under Insurance Policy Not Covered by Article 9 of the UCC
(DBN)

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Cross-Border:

Section 1505 – Authorization to Act In A Foreign Country
(DBN)

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Sales:

Sales Free and Clear: Does Consent Really Mean Consent?
(DBN)

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TBTF:

The Fed's New Emergency Lending Rules: Not Far Enough, Not Surprising
(DBN)

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Sovereigns:

IMF defends lending rule change after Russia criticism Russia says no plan to leave IMF in wake of debt rule change IMF Policy Change Pushes Ukraine, Russia to Resolve Bond Dispute
(DBN)

Argentina Said to Seek $10 Billion in Loans From Wall Street
(DBN)

Now Comes the Hard Part for Argentina's Next President
(DBN)

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UK:

Cash crisis at English club Bolton escalates over tax debt
(DBN)

IMF Says BOE Should Keep Rates on Hold, Warns on Housing Market
(DBN)

Top U.K. Banks Face $39 Billion Shortfall Under BOE Failure Rule
(DBN)

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EU:

The Recast EU Regulation No. 2015/848 On Insolvency Procedure
(DBN)

Hope for eurozone’s smooth recovery is fading fast
(DBN)

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PIIGS:

Abengoa Said to Skip 2.25 Million-Euro Commercial Paper Payment Spain's Abengoa, creditors put Abengoa Yield share sale on hold ISDA to Rule on Whether Abengoa in Failure-to-Pay Credit Event
(DBN)

Greece: Talks with creditors stumble on sell-off fund Gov't, creditors agree on selloff fund
(DBN)

Greece struggles with creditors to keep bad loans from "vultures"
(DBN)

Court of Appeal refuses O’Donnells’ appeal of decision not to overturn bankruptcy
(DBN)

Gayle Killilea appeals US court's ruling on asset recovery
(DBN)

Drumm faces dilemma after bail denied by Boston judge Drumm denied bail despite claim prison was 'uncomfortable'
(DBN)

Portugal's new anti-austerity government makes more cuts
(DBN)

Bank of Italy says asked to stop small investors buying junior debt-paper
(DBN)

Rajoy Hasn't Fixed Flaws That Made Spain's Economy So Dangerous
(DBN)

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Canada:

Charges laid in bankruptcy fraud investigation
(DBN)

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China:

China Swallows Its Mine Debt Bomb
(DBN)

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Brazil:

Brazil's Tonon Seeks Bankruptcy Five Months After Restructuring
(DBN)

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Mexico:

Abengoa Mexico says to default on local coupon payments
(DBN)

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Russia:

Russia's Mechel aims for approval of restructuring
(DBN)

 

For Indebted Russians, a Holiday Staycation
(DBN)

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Bahamas:

'Significant Movement' On Baha Mar, Says Prime Minister
(DBN)

Bahamas PM expects bankrupt resort to open partially or fully by March
(DBN)

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MENA:

McKinsey Says Saudi Arabia Can't Wait for World to Get Better
(DBN)

Islamic State got $500 million from oil sales
(DBN)

____________

Ukraine:

IMF Policy Change Pushes Ukraine, Russia to Resolve Bond Dispute Ukraine's ex-PM calls IMF decision on Kiev's debt absurd
(DBN)

Invaders Can't Expect Debt Repayment
(DBN)

Ukraine Pushed to Mend Fences With Russia to Keep IMF Rescue
(DBN)

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South Africa:

South Africa Market Rout Deepens on Speculation of Rate Meeting
(DBN)

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China:

China's Debt Problem Weighing on Economic Growth
(DBN)

China Sets 2017 Deadline for State Firms to Limit Losses
(DBN)

China says loss-making state firms should exit market
(DBN)

China Ghost Town Developer May Default on Bonds Next Week
(DBN)

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Hungary:

Hungary wants to become creditor-friendly
(DBN)

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South Korea:

Creditors to provide 450 bn won to STX Shipbuilding
(DBN)

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Japan:

In the Land of Jobs for Life a Harsh Reality Dawns for Employees
(DBN)

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