December 17, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Without A Billable Hours Requirement, All Associates At This Firm Got Bonuses
(DBN)

What Do Rising Interest Rates Mean for Restructuring?
(DBN)

Bankruptcy Lawyers Report Workflow Increase, Embrace Novel Out-of-Court Deals
(DBN)

Contract Attorneys Settle Overtime Lawsuit Against Skadden Skadden, staffing agency OK payment of $75K
(DBN)

Demand for contract lawyers to be pushed up by market uncertainty
(DBN)

Client Sues Bankruptcy Attorney for ADA Violations
(DBN)

Big Law Chair Retires After Transforming Firm
(DBN)

Hildebrandt: In 2016, Winning Battle for Laterals Will Be Key
(DBN)

Not Going Global, Why Law Firms Fail & Partner Pay Spreads
(DBN)

2016 Citi Client Advisory Sees Slow, Uneven Law Firm Growth Ahead
(DBN)

Survey: In-house counsel pay keeps getting better
(DBN)

Can Legal Ops Overcome the Persistence of the Billable Hour?
(DBN)

2015 Was A Weak Year For The Legal Industry… And You Should Expect More Of The Same In 2016
(DBN)

Law firms play major role in creating most expensive streets in US
(DBN)

Dickstein Shapiro Partners Approve Bryan Cave Tie-Up Dickstein Shapiro Partners Approve Tie-Up With Bryan Cave Dickstein Shapiro Finds A Firm To Rescue It From Certain Death
(DBN)

David Lat on Associate Bonuses, ‘Shaming,’ and a Snail-Mail Five Dollar Bill
(DBN)

Law School Enrollment Falls Again Enrollment Is At 42-Year Low
(DBN)

Does A Law School's Duty To Its Students End At Graduation?
(DBN)

Law school consumer information for 2015 is now available on ABA website
(DBN)

Who's Who Legal: Top Banking Lawyers
(DBN)

Big Law’s Short-Termism Problem
(DBN)

Gibson Dunn Used ‘Opacity and Gamesmanship,’ Judge Says
(DBN)

A True Confession
(DBN)

Lake-safety knowledge aids Debevoise partner in subway rescue Debevoise Partner Saves Man from Subway Tracks
(DBN)

As WordPress Moves Upmarket, Law Firm Websites Could Be Next
(DBN)

Every Lawyer Needs To Know How To Work A Room
(DBN)

TV Reporter Spots Bank Robbery Suspect on Live TV
(DBN)

Undress for Success?
(DBN)

9 unprofessional behaviors that will make you look flaky
(DBN)

eDiscovery Too Big To Fail?
(DBN)

How it feels to be a Syrian immigrant in America
(DBN)

Americans used to support an assault weapons ban. Not anymore.
(DBN)

Man Charged After Stopping Busy Houston Freeway To Propose
(DBN)

NYC Orthodox Jewish Rabbis Sentenced To Prison In Religious Divorce Plot
(DBN)

Police drones snatch illegal drones right out of the sky
(DBN)

Judge Declares Mistrial of Baltimore Cop in Freddie Gray Case
(DBN)

Cop accused of seeking g------- photo in sexting probe kills himself as he is arrested
(DBN)

So Maybe This Affluenza Thing Really Was B.S. On the Run From the Police Affluenza Teen Feared Out of Reach of the Law
(DBN)

Saudi millionaire of r---- teenager - Claimed he accidentally fell on her
(DBN)

Bill Would Make Men Jump Hoops for Viagra
(DBN)

Lawyer suspended for 1 year over large unsecured loan from client
(DBN)

Farmer’s deposition on his ‘follow the chicken’ philosophy is re-enacted
(DBN)

A security guard stole $5 million in diamonds that were thrown out in the trash
(DBN)

Death sentences imposed this year are at the lowest level since 1973
(DBN)

Mom did not neglect sons by letting them play outside, state agrees after BigLaw legal battle
(DBN)

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Judges:

Carolyn Walker-Diallo, Muslim judge, sworn in on Koran
(DBN)

Scalia was rejected by two schools; Dad told him schools without all smart kids might be better
(DBN)

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Wall Street:

U.S. stocks set to continue Fed-fueled Santa rally
(DBN)

Stocks end near session highs; Dow up 224
(DBN)

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Layoffs:

Coral Gables' Preferred Medical Plan to lay off 162
(DBN)

160 More layoffs hit BAE's Norfolk shipyard
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Nonprofit Hospitals On The Ropes: Hedge Funds Moving In
(DBN)

Go Ye authorized to pay employees; ombudsman picked
(DBN)

Hutcheson could re-open as soon as Friday
(DBN)

SIGA Files Consensual Plan of Reorganization
(DBN)

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Pharma:

Congress is doubling down on pharma companies that jack up drug prices
(DBN)

Valeant Cuts 2016 Earnings Forecast Ahead of Investor Day
(DBN)

Martin Shkreli Arrested on Securities Fraud Charges
(DBN)

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Skiing:

Willard Mountain stockholders get $5 a share in bankruptcy deal
(DBN)

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Banking:

The 'Chinese Wall' at banks is crumbling
(DBN)

Banking 2016: Trends
(DBN)

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Newspapers:

Owner of 21 weekly newspapers files for bankruptcy protection
(DBN)

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Steel:

Outlook for the global steel market
(DBN)

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Hollywood:

Relativity Lawyers Allege Serious Missteps By FTI Consulting
(DBN)

Relativity Bankruptcy: Judge Delays Reorganization Approval, Movie Releases Hang in Balance Bankruptcy Resolution Postponed To February
(DBN)

Ryan Kavanaugh Feuds With Studio's Chief Restructuring Officer Relativity’s Ryan Kavanaugh Obstructed Bankruptcy Efforts, Says CRO
(DBN)

Relativity Bankruptcy: Reorganization Continues Despite Film Problems
(DBN)

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Autos:

Chrysler dealer wins appeal, plans reopening
(DBN)

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Tennis:

Sacramento’s pro tennis team facing financial problems
(DBN)

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Shipping:

Drybulk Shippers Could Feel Pain For Several More Years
(DBN)

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Economy:

Fed finally lifts key interest rate from near zero Signals 4 Quarter-Point 2016 Increases Yellen: Fed Action Marks End of Extraordinary Period The Fed's New Normal Fed Ends Historic Era by Raising Rates Yellen: Fed policy remains accommodative Here's how the Fed's main interest rate has changed over the last 60 years Fed raises interest rates, citing ongoing US recovery Confident and clear, Yellen says rate path will be well signaled The Fed Wants a World That Makes Sense Again Fed's Smooth Liftoff Doesn’t Signal Mission Accomplished Federal Reserve Rate Hike: Who Wins, Who Loses, Who Goes Meh
(DBN)

Wells Fargo ups rate for borrowers, not savers
(DBN)

Major banks move to 3.5% prime rate
(DBN)

Where Wilbur Ross Sees Fed-Driven Opportunities
(DBN)

$10 Trillion Later, Corporations Wake Up Today to a New Debt Era
(DBN)

Factory Production in U.S. Stagnates on Less Output of Durables
(DBN)

The 2016 Job Market Is Looking Bright For Workers
(DBN)

Marc Faber: This is ‘precisely the wrong time’ for Fed to hike
(DBN)

Rate hike will hurt THIS group the most
(DBN)

What's inside the $650B tax deal New Ryan budget hands out goodies for NASCAR tracks, racehorses, teachers, college students Qualms in both parties over massive tax and spending package 2,200 Pages, $1.8 Trillion, Done in the Dead of Night
(DBN)

Where there are more women than men working in the US
(DBN)

A Surprising Finding About Divorced Women and Money
(DBN)

Everyone is wildly overestimating how many immigrants there are
(DBN)

Oil at $100? 10 'outrageous' forecasts for 2016
(DBN)

Killing Entitlements Would Make Inequality Worse
(DBN)

This indicator signals a 4% jobless rate next year
(DBN)

America's 25 Thriving Industries America's 25 Dying Industries
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US Housing Starts Surge 10.5% in November Multifamily construction led a November leap in housing starts
(DBN)

Individual Debtor Exemptions: What Can You Do With a Rent-Stablized Lease?
(DBN)

Lawyer for Cay Clubs' Clark vows appeal, says feds didn't prove their case
(DBN)

Fannie Mae and Freddie Mac switch gears and increase foreclosures
(DBN)

Nearly 95% of Young Renters Want to Buy, But Many Say They Can’t Afford It
(DBN)

Average Manhattan Apartment Now Over $1 Million
(DBN)

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Municipalities:

Why Municipal Junk Bonds Are A Favorite Among Top Mutual Fund Managers
(DBN)

Puerto Rico Will Default in January or May, Governor Says Governor of Puerto Rico Warns of Looming Default Without Bankruptcy Plan
(DBN)

Puerto Rico creditors ready to duel with 'lame duck' governor
(DBN)

Puerto Rico Christmas Bonuses Pit Workers Against Investors
(DBN)

Congress offers no lifeline as Puerto Rico heads toward default
(DBN)

U.S. bill has health, technical aid for Puerto Rico; no Chapter 9
(DBN)

Puerto Rico Bankruptcy -- No Bailout
(DBN)

U.S. House to explore help for Puerto Rico's financial woes House Turns Attention to Puerto Rico Debt Crisis
(DBN)

Puerto Rico emerges as key issue in budget fight
(DBN)

Hedge Funds Deepen Puerto Rico's Debt
(DBN)

Detroit unlikely to forgive water debts of poor Panel says Affordability Plan for Detroit Water Customers Won't Include Forgiving Debt
(DBN)

Town of Browning warns residents bankruptcy or disincorporation possible
(DBN)

These Are the 5 Cities Where Americans Are Best and Worst Off
(DBN)

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Food/Beverage:

Are Menu Prices Too Far Ahead of Inflation?
(DBN)

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Mining:

Joy Global Struggles to Survive Mining Slump
(DBN)

Molycorp's asset plan reportedly fails, reorganization plan moves ahead
(DBN)

____________

Oil/Gas:

$100 billion evaporates as world’s worst oil major plunges 90 percent
(DBN)

Pulled down by storage report, oil traders shrug off rate hike
(DBN)

Oil slump resumes on U.S. supply build, expected Fed rate hike U.S. crude inventory build sends oil prices down Crude Oil Price Slides as Stockpile Adds 4.8 Million Barrels
(DBN)

Why oil stocks are no bargain
(DBN)

Theft, royalties dispute merits examiner in Samson Chapter 11 -trustee
(DBN)

Yellen: Surprised by Further Oil Drop
(DBN)

No Fear: Banks Bet on Energy Comeback
(DBN)

This outrageous prediction says oil will hit $100 in 2016
(DBN)

Big Oil among biggest winners from budget deal
(DBN)

Export news little comfort for U.S. drillers drowning in crude
(DBN)

End to US oil export ban won't hit prices White House Signals Support for Plan Allowing Oil Exports Critics seethe over end to oil export ban Why ending the US oil export ban is a game changer The Irony of Ending the U.S. Oil Export Ban Is Imports May Rise Shale Drillers Are Now Free to Export U.S. Oil Into Global Glut
(DBN)

Chesapeake Energy Doubles Bond-Uptier Exchange Deal
(DBN)

____________

Coal:

Amid Arch Bankruptcy Worries, Coal Clean Up Costs A Concern
(DBN)

A Coal Lobby Boss Just Compared His Industry to the Slave Trade
(DBN)

Alpha plans to sell off more than 20 mining sites as part of bankruptcy
(DBN)

Complaint filed against Arch Coal in Wyoming
(DBN)

____________

Celebs:

Abby Lee Miller reacts to charges in 'Dance Moms' trailer
(DBN)

Would You Want 50 Cent as Your Landlord?
(DBN)

Lance Armstrong Says He's Run Out of Money
(DBN)

____________

Personal Finance:

The 10 things not to buy in the new year
(DBN)

____________

Religion:

Pastor cozies up to Trump, bankrupt church faces backlash
(DBN)

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Lehman:

Lehman Bros settlement releases $500m to creditors
(DBN)

____________

Radio:

Big Radio Companies Facing Bankruptcy
(DBN)

____________

Fuel Oil:

Fuller Oil bankruptcy filing leaves out $2.8 million claim
(DBN)

____________

Travel:

10 Worst Airports in America
(DBN)

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Corporate Governance:

How Costly Is Bankruptcy For The CEO?
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (56 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)

______________

Miscellaneous:

Lookback Period – Six Weeks (Part I)
(DBN)

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Personal Bankruptcy:

House passes military bankruptcy-relief bill National Guard And Reservist Debt Relief Extension Act Of 2015
(DBN)

____________

Gifting:

A Holiday Present from the Third Circuit? The Court of Appeals Upholds a Secured Lender’s “Gift” to General Unsecured Creditors Under Narrow Circumstances
(DBN)

____________

Sanctions:

Bankruptcy Court Violated Due Process With Sanction
(DBN)

____________

Bankruptcy Rules:

BK MA: New Standing Orders
(DBN)

____________

TBTF:

Fed's Plan for Unwinding Behemoths Won't Cut It
(DBN)

____________

Distressed Investing:

The Mutual Fund Equivalent of Bankruptcy
(DBN)

The Accidental Distressed Debt Fund
(DBN)

Third Avenue Allowed to Temporarily Halt Redemptions by SEC
(DBN)

Bargain hunters dip back into junk bonds Junk bonds are an 'A-plus' buying opportunity
(DBN)

As traders freak out over junk , one takes advantage
(DBN)

Why junk bonds may be an ‘A-plus’ buying opportunity
(DBN)

Reality starting to bite investors in US junk bond swings
(DBN)

Investors Leaving the Worst Behind in This Junk-Bond Rally
(DBN)

? Junk - bond turmoil threatens Boston fund managers
(DBN)

Junk Rout Trips Up Longest-Serving Manager
(DBN)

BlackRock, Pimco Push for Credit Swaps Clearing Amid Junk Rout
(DBN)

Goldman Sachs: Junk Bond Spreads Are at Recession Levels
(DBN)

____________

Alternative Energy:

Solar Companies Gain as Tax Credit Provides Early `Holiday' Gift
(DBN)

Solar Industry on Building Boom Despite Memories of Recent Bust
(DBN)

____________

Politics:

Donald Trump's Walmart Candidacy Jeb Bush said Donald Trump can't insult his way to the presidency. So Trump insulted him. Trump's business to see 'irreparable damage' Trump loses wind farm legal challenge Trump Disproves Liberal and Conservative Myths Trump Tries to Rise Above His Own Fray ‘Trump Your Competition’ Pursues Trump In Trademark Dispute How Trump could win the general election Pentagon Troops: It’s Us or Trump Muslims Should Be Grateful to Trump Donald Trump Wants to "Penetrate the Internet," Doesn't Know What the Internet Is
(DBN)

Hey, Republican establishment: it's time to panic GOP debate proves the party can't win the general election
(DBN)

3 winners and 3 losers from the fifth Republican debate
(DBN)

Ben Carson's North Korea plan: put "one horse show" Vladimir Putin "in a box"
(DBN)

Clinton hints at expanded ‘Buffett rule’ to tax rich
(DBN)

Ted Cruz's totally incoherent answer on how he'd beat ISIS Cruz Out of Sync on Ethanol with Likely Republican Caucus-Goers in Iowa Poll Cruz Fact Check: Carpet bombing means bombing "not a city, but the location of the troops," with "embedded special forces to direct the air power."
(DBN)

Bernie Sanders slams the Fed's decision to hike rates
(DBN)

Carly Fiorina said she’s been “called every b-word in the book” at the Republican debate
(DBN)

Defense Secretary Used Personal Email Too
(DBN)

____________

Fraud:

Former Associate Dean at MIT, Son, Sentenced for Hedge Fund Scam
(DBN)

____________

Student Debt:

The provision in the budget agreement that could radically change student loan servicing
(DBN)

____________

Guns:

Colt Ready To Exit Bankruptcy; Union Agrees To Retiree Benefit Cuts Colt Defense Announces Court Confirmation of Plan of Reorganization
(DBN)

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Sovereigns:

IMF recognizes Ukraine's debt to Russia as sovereign, not commercial
(DBN)

Bond restructurings – Implementation mechanisms: schemes vs. exchange offers
(DBN)

____________

UK:

Businessman owes bank and creditors £580 million
(DBN)

Northern Rock Bonds That Lost Over 90% in Value to Repay in Full
(DBN)

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PIIGS:

Drumm sets out grounds for bankruptcy bid appeal
(DBN)

Energy giant on brink of collapse
(DBN)

____________

Canada:

Employees looking for answers after mass layoffs at CHCH 'Was this a genuine bankruptcy ?' Senior CHCH employees could get reprieve
(DBN)

____________

China:

Beijing to go after 'zombie companies' in reform push
(DBN)

The good times are over for China's once-hot start-ups
(DBN)

As Fed fog lifts, central bankers keep puzzling over China
(DBN)

China Ghost Town Developer to Avert Default as Xi Prevents Risks
(DBN)

____________

Brazil:

Brazil Cut to Junk by Fitch With Negative Outlook on Rating
(DBN)

Gloom on Brazil Finances Deepens
(DBN)

Brazil's Fall From Darling to Doldrums Cemented by Junk Status
(DBN)

____________

Japan:

Japanese investment fraud: Former AIJ heads into bankruptcy over retirement assets
(DBN)

____________

India:

Ensuring information access during financial distress
(DBN)

____________

Ukraine:

Russia Says Ukraine Bond Due Too Soon for Out-of-Court Deal
(DBN)

____________

Lithuania:

Lithuania's Snoras selling assets through eBay
(DBN)

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