December 16, 2015

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: A Great Year Means Great Bonuses At This Firm (Better Than Cravath!)
(DBN)

Associate Bonus Watch: Matchmaker, Matchmaker, Make Me A Match
(DBN)

Associate Bonus Watch: Susman Godfrey — Are These The Best Bonuses Of The Season?
(DBN)

Delaware Moves To $160K: New York Should Be Embarrassed
(DBN)

Another Market Bumps Up Associate Salaries
(DBN)

The Rise of the Legal Industry’s Project Management Office
(DBN)

The Largest Law Firm Mergers of 2015
(DBN)

Beyond Biglaw: Morale Matters
(DBN)

Judge Will Order Mediation in $200M A&K Legal Malpractice Suit
(DBN)

Jury convicts lawyer accused of helping client impersonate wealthy dad to get funding for Maxim deal
(DBN)

Dershowitz and Boies spar in ‘an increasingly virulent war’ over r--- accusation
(DBN)

Fox Rothschild Announces Largest Merger to Date
(DBN)

Jenner, Day Pitney Name New Managing Partners
(DBN)

Lawyer caught with gun outside Disney World said bulge in his pants was his anatomy, police say A Lawyer Tries To Ruin The Happiest Place On Earth
(DBN)

How To Have Fun As A Law Professor
(DBN)

This Law School Wants Students To Stop Sobbing In The Library
(DBN)

Disabusing Idealistic 1Ls Of Their Dreams
(DBN)

What’s Up With This Law School Tuition Cut?
(DBN)

Why Doesn’t Law School Teach Us What We Need to Know?
(DBN)

Law student hit with fine after plagiarizing argument in moot competition
(DBN)

ABA Releases 2015 Standard 509 Information Reports For Every Law School
(DBN)

If Being Wrong Is Right, I Still Don’t Want To Be Wrong
(DBN)

State Supreme Court backs limited practitioner paralegals
(DBN)

Retraction of Stephen Glass article follows critical opinion by California Supreme Court
(DBN)

8 things people decide within seconds of meeting you
(DBN)

People who can survive on 4 hours of sleep a night have these common characteristics
(DBN)

Ashley Madison Data Breach Lawsuits Pose Privacy Test
(DBN)

Freddie Gray Trial: Lawyers for Baltimore Police Officer Seek Mistrial Freddie Gray jury deadlocks, reports say Judge Orders Freddie Gray Jury to Reach a Verdict
(DBN)

DA unbuttons suit jacket, then brings down suspect fleeing courthouse
(DBN)

Lawyer accused of stealing $400K ‘didn’t look remorseful’ as he took plea, observer says
(DBN)

Accused S-- T-- Thief Told Cops He Was "Too Embarrassed" To Actually Pay For The Items
(DBN)

The wildest office holiday party stories
(DBN)

Arrest Warrant Issued for Affluenza Teen
(DBN)

Man gets 40 years in prison for insulting King's dog
(DBN)

Online loan to Farook, Malik worries regulators
(DBN)

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Judges:

Complaint says judge erred when putting kids in juvenile detention for refusing lunch with dad
(DBN)

Panel approves big pay boosts for New York's state judges
(DBN)

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Wall Street:

 

Global stocks surge ahead of Fed interest rate call
(DBN)

Stocks Rally Ahead of Fed Decision U.S. stocks leap as energy sector fuels rally
(DBN)

Don’t Ask Jefferies About Its Fourth Quarter Jefferies' poor fourth quarter sends red flag to bond market
(DBN)

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Layoffs:

Mack Announces 400 Layoffs, Citing Weakened Demand for Trucks
(DBN)

Layoffs Watch 2016: If You Work At A Bank, Gird Your Loins
(DBN)

New Barclays CEO Mulling Over Giving Additional 20% Of Investment Bank The Heave-Ho
(DBN)

Toshiba to cut up to 7,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Arch Coal to delay bond interest payment as bankruptcy looms
(DBN)

Missed Payment Makes Arch Coal One Step Closer To Bankruptcy
(DBN)

Arch Coal: Bankruptcy In 30 Days
(DBN)

Unions continue fight to end Walter Energy bonuses, regain benefits
(DBN)

Walter Energy Judge Warns Mine Workers May Lose Everything
(DBN)

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Celebs:

Cory Booker Says He Is Lawsuit-Proof in Water Agency Fallout
(DBN)

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Tech:

Fuhu Customers Hope Nabi Tablets Turn Up in Time for Christmas
(DBN)

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Bankruptcy Crimes:

FL: Man gets three-year federal sentence in bankruptcy fraud plea
(DBN)

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Skiing:

Peak Resorts' 2Q loss widens
(DBN)

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Bankruptcy Alternatives:

Florida's Beefed-Up Assignment for the Benefit of Creditors as an Alternative to Bankruptcy
(DBN)

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Debt Collection:

Debt Buyer's Financials Raise Research Firm's Fears
(DBN)

7th Cir. Reverses Denial of Class Cert. in FDCPA 'Time-Barred Debt' Case
(DBN)

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Mining:

Molycorp Said to Push Ahead With Plan as Creditor Talks Fail
(DBN)

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Retailing:

The unusually warm weather is making a serious mess for clothing retailers
(DBN)

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Personal Finance:

Billionaires Horrible at Managing Money
(DBN)

How to Handle Your Finances After a Fed Rate Increase
(DBN)

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Alternative Energy:

SunEdison - Another Sun Burst?
(DBN)

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Travel:

'Last class' – airlines' new unofficial name for seats worse than economy
(DBN)

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Economy:

Steadily firming US inflation supports Fed rate hike Fed Risks New Distortions When It Raises Rates Key Measures Show Inflation close to 2% in November
(DBN)

Demographic winners and losers America last 44 years
(DBN)

The anxious class poised to revolt
(DBN)

Consumer Credit Default Rates Rise in November 2015
(DBN)

Ben Bernanke says he never expected interest rates to stay at zero for so long
(DBN)

Empire State Manufacturing Remains in Contraction
(DBN)

When the Fed hikes rates, stocks do surprisingly well
(DBN)

The Fed is about to close a momentous chapter
(DBN)

Roubini on Risks of a Fed Rate Hike
(DBN)

What an Interest-Rate Hike Means for Non-Economists
(DBN)

This week, the US government will take action to slow the economy and prevent wage growth
(DBN)

A Fed Rate Hike Isn't Good News for Everyone
(DBN)

Rate hike risk: 40% of consumers would spend less
(DBN)

What could the Fed buy with its $4.5 trillion?
(DBN)

Bernanke: Negative rates may enter Fed arsenal
(DBN)

Riding out the slump: the outlook for commodities markets
(DBN)

Wall St. expects three more rate hikes in '16: Survey
(DBN)

Millennials
(DBN)

Congress reaches deal to fund government
(DBN)

Why is Congress Going for $500bn in Tax Cuts?
(DBN)

Here's What 7 Years at Zero Rates Have Looked Like
(DBN)

See How Well Your Neighbors Have Recovered From the Recession
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US Homebuilder Confidence Unexpectedly Deteriorates In December
(DBN)

Early Read on Existing Home Sales in November: Big Drop
(DBN)

Number of Mortgaged Properties with Negative Equity Down 20.7% Year Over Year
(DBN)

Rolling Acres Mall halts bankruptcy filings for 9 months, under Summit County deal
(DBN)

Rent still rising at twice the rate of inflation
(DBN)

In Beverly Hills, with 40% home-price appreciation, it’s rich and richer
(DBN)

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Municipalities:

Top Senate Republican Pushes Short-Term Aid for Puerto Rico
(DBN)

Bernier plans to announce Puerto Rico governor bid Wednesday - source
(DBN)

GOP to Puerto Rico: 'Drop dead'
(DBN)

Congress Offers Health Aid to Puerto Rico in U.S. Spending Bill
(DBN)

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Oil/Gas:

Weds.: Oil falls as supply worries pile up Oil in $20s a Risk as Citigroup Sees Crude Storage Tanks Fill Up
(DBN)

Fed Rate Hike Bad Timing for Crude Oil The Impact of Oil and the Fed on the U.S. Economy
(DBN)

Congress Reaches Fiscal Agreement That Ends U.S. Oil Export Ban
(DBN)

Crude rises as Moody’s predicts bleak new year for drillers Settles at $37.35 a barrel
(DBN)

Canadian Oil Selling for Close to $20
(DBN)

Oil makes only one promise and that's volatility
(DBN)

Shale Oil Bust Reveals Inflated Inventories
(DBN)

Magnum Hunter seeks Chapter 11 bankruptcy protection in wake of Denver shutdown Hopes to Restructure Magnum Hunter seeks bankruptcy amid oil rout $1.1 billion in debts Enters Debt-for-Equity Deal With Lenders
(DBN)

Another Oil Company, Cubic Energy, Files for Bankruptcy
(DBN)

Will The U.S. Oil Sector Go Bankrupt?
(DBN)

Pala Seeks to Organize Pacific E&P Bondholders Amid Price Slump
(DBN)

How Cheniere Energy's CEO Came Undone Twice in the Shale Boom
(DBN)

Strangled by low oil prices, Mexico slow on payments
(DBN)

Low oil prices are killing the junk bond market
(DBN)

Oil Markets On Edge About Fed’s Decision
(DBN)

Russian art is latest oil casualty as auction houses pull back
(DBN)

Saudi Arabia Weighs Spending Cuts
(DBN)

Kick OPEC While It's Down
(DBN)

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Food/Beverage:

Quaker Steak lawyers in bankruptcy court
(DBN)

PACA citation comes 26 months after Allens Inc. bankruptcy
(DBN)

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Education:

A controversial education model US is exporting
(DBN)

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Distressed Investing:

Bill Gross' Math on Junk Bonds Is Right
(DBN)

Pain for Leveraged Junk Bond Funds
(DBN)

Why Smart People Are Worried About a Junk Bond Crisis
(DBN)

U.S. watchdog warns distress in junk bonds could spread
(DBN)

Junk-Bond Market's Math Looks Daunting for Riskiest Companies
(DBN)

Junk investors swoop on falling bonds
(DBN)

Leveraged Loan Lose 0.36% yesterday. Biggest One-Day Drop in a Year
(DBN)

Is There More High-Yield Carnage to Come?
(DBN)

Third Avenue Didn’t Actually Suspend Redemptions From High-Yield Fund
(DBN)

5 Losers from the High Yield Bond Sell-Off
(DBN)

Is There a Fire Sale Starting in High-Yield Funds?
(DBN)

High-yield risks shed doubts on strength of US economy
(DBN)

Fitch sees high-yield default rate ticking up to 4.5% in 2016
(DBN)

Analysts Don't See High-Yield Contagion Spreading
(DBN)

These companies are most vulnerable to junk-bond meltdown
(DBN)

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Fraud:

KS: $7M Cerner impersonation fraud brings fourth guilty plea
(DBN)

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Alternative Energy:

Ivanpah Solar Project Faces Risk of Default on PG&E Contracts
(DBN)

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Music:

Rdio says farewell to users with a page full of statistics
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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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Substantive Consolidation:

Court Finds That, Under the Equities of a Particular Case, Pre-Substantive Consolidation Transfers May Be Like “Gap Period” Transfers That Cannot Be Avoided
(DBN)

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Professional Employment:

Tenth Circuit Hits Debtor’s Counsel With a Double Whammy—Denying Fees Incurred Prior to Formal Appointment and After Confirmation of Plan
(DBN)

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Exemptions:

Gun Control In South Carolina: Bankruptcy Bill Would Exempt 3 Firearms, 3,000 Rounds Of Ammunition
(DBN)

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TIA:

Under Fire, Debt Restructuring Amendment Is Pulled Amendment to Debt Restructuring Law Pulled From Spending Bill Congress Spikes Handout For Private Equity
(DBN)

Caesars Loses As Reid Fails to Pass Bankruptcy Amendment
(DBN)

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Avoidance Actions:

Northern District of Illinois Examines Law on Fraudulent Transfer, Recharacterization and Equitable Subordination (Part Two)
(DBN)

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Discharge:

Third-Party Release
(DBN)

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Gifting:

Do’s & Don’ts Of Gifting In Bankruptcy: When A Court Will Look A Gift Horse In The Mouth
(DBN)

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Releases:

A Release of all Known and Unknown Causes is Binding, Even in Bankruptcy Court
(DBN)

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Healthcare:

Millennium Health Wins Approval of Chapter 11 Plan - Voya Investment Management files appeal
(DBN)

Daughters of Charity begins new chapter as it closes deal Unusual Controversial Deal Financially Troubled Hospital And New York Hedge Fund
(DBN)

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Student Debt:

Student Loan Discharged Despite IBRP
(DBN)

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Politics:

Ross Perot’s ’96 Running Mate Has Some Trade Advice for Donald Trump The Trump Uncertainty Principle Is Rattling GOP Pollsters For Donald Trump's gambling bets, some wins and losses How the economy looks to a Donald Trump supporter Trump's Coalition of the Descending Has Trump broken through his voter ceiling? Why aren’t more CEOs speaking out against Trump’s rhetoric? Donald Trump’s disturbing Las Vegas rally Fact Check: "Two months ago, Donald Trump said that ISIS was not our fight." Donald Trump confronts audience after he gets booed at debate Donald Trump wants to shut down parts of the Internet
(DBN)

Four Poll Findings That Should Concern Democrats Heading Into 2016
(DBN)

No, Cruz Isn't a Safe Republican Choice A group of influential social conservative leaders is planning to back Ted Cruz Cruz Fact Check: "The head of the FBI has told Congress they cannot vet those (Syrian) refugees." Cruz is Missing the Point of Princess Bridge
(DBN)

GOP Debate Strategy for the Desperate
(DBN)

Nine Republicans Debate One Issue, and No One Makes a Mark A recap of the Republican debate in Las Vegas Six takeaways from the fifth Republican debate Fact-checking the Las Vegas GOP debate The Debate Shows Deep Divisions Inside GOP Race AP FactCheck: The GOP Debate Republicans Debate Foreign Policy, Divorced From Reality The GOP debate got derailed Feistiest and most substantive debate yet
(DBN)

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Sovereigns:

Ecuador Makes History With $650 Million Payment to Bondholders
(DBN)

Bondholders See a Grim Future in the Political Brawl Over Venezuela
(DBN)

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UK:

The parts of Britain where the most amount of people go bankrupt
(DBN)

How the Grinch tried to disapply Section 176A of the Insolvency Act 1986 (and thereby steal Christmas)
(DBN)

Leases: Breaking Up is Hard to Do…
(DBN)

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EU:

EMIR Mandatory Clearing Will Start On 21 June 2016
(DBN)

There's only one bright spot in Europe's economy right now
(DBN)

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PIIGS:

Bankruptcy Bill an admission that government policy has "failed miserably", says Donegal TD
(DBN)

Pressure mounts on Italy's Renzi as bank rescue furore grows
(DBN)

Banks ready to extend short-term lifeline to Spain's Abengoa -sources Spain's Abengoa confirms Brazil stoppage amid restructuring talks
(DBN)

Greek Lawmakers Approve Bad Loans Bill in Breather for Tsipras
(DBN)

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Canada:

Channel Zero denies union-busting behind CHCH bankruptcy 'It's just a great loss': What CHCH will look like after job cuts CHCH restructures to rid itself of union, leaked email claims
(DBN)

Young and Indebted Is Poloz’s New Fault Line in Canada Housing
(DBN)

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Australia:

Australia Announces Bankruptcy Changes—Moves Toward US Position
(DBN)

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MENA:

Saudis build a 34-nation, Muslim antiterror coalition
(DBN)

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China:

China's Economic Growth Rate Is Seen Falling Until at Least 2018
(DBN)

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Ukraine:

Ukraine's Politics Descend Into Slapstick
(DBN)

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Brazil:

Eisa Shipyard Files Bankruptcy, 3,000 jobs lost
(DBN)

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India:

How filing for insolvency may get easier for banks with a new bankruptcy law
(DBN)

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Norway:

Norway Seen Signaling Rate Cut as Sub-$40 Oil May Halt Growth
(DBN)

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Austria:

Heta creditors say have formed blocking minority on buyback
(DBN)

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