December 2, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Where Are The Biglaw Bonuses? Associate Bonus Watch, Day 2
(DBN)

Cooley Elects New Bankruptcy Partner
(DBN)

Male Skadden lawyers show off their ‘highfalutin style’ What Can You Buy With A Biglaw Bonus?
(DBN)

How the Law Business Has Changed Since 1981
(DBN)

Law firm leaders hopeful, if uncertain, for 2016
(DBN)

Harvard law prof whose portrait was defaced sees harm in ‘excessive vulnerability’ to slights
(DBN)

Let’s Keep The Racist Harvard Law Crest And Fix The Harvard Law Racism
(DBN)

Women In The Legal Profession Continue To Be Treated Like Crap
(DBN)

Is Your Jewelry Hurting Your Career?
(DBN)

Staples’ Attorney Rejects Old School Approach
(DBN)

Lawyer says airline banned him from flight because crew didn’t ‘feel comfortable’ with him
(DBN)

Lawyer’s deposition question was ‘serious misconduct,’ top state court says in suspension order
(DBN)

Why Meetups Are A Solo’s Secret Weapon
(DBN)

“Collegial & Collaborative?” Guess Again
(DBN)

Another Law Firm Adopts Automation Technology
(DBN)

Texas Attorney General Arrives in Court—As the Defendant
(DBN)

Man shoots neighbor in the head for parking in front of his house
(DBN)

Here’s how to find out your Uber rating
(DBN)

What to Wear to Your Holiday Office Party
(DBN)

The only 28 apps you need to have on your iPhone home screen
(DBN)

12 things you should do on your commute instead of playing mindless games on your phone
(DBN)

How iPad Pro, rivals are changing tablet market
(DBN)

The County With America's Deadliest Police
(DBN)

Mayor Rahm Emanuel Fires Chicago Police Superintendent Chicago's mayor is responding with 'more than just words' to the death of a black teen police allegedly shot 16 times The top cop of Illinois wants the federal government to investigate the Chicago Police Department Chicago Mayor Announces Police Accountability Task Force Claims of deleted video among questions in Chicago shooting
(DBN)

Lawyers can’t be ‘conscripted’ to represent indigents, rules US Virgin Islands Supreme Court
(DBN)

California thieves prove anything can be stolen
(DBN)

Legal Writing Tip: Its v. It’s
(DBN)

Lawyers That Expand Their Interests Beyond The Law
(DBN)

5 of America's Strangest Driving Laws
(DBN)

A 68-year-old man successfully sued Apple for deleting precious photos from his phone
(DBN)

______________

Judges:

Judge Gets Whimsical When Dealing With A Dumb Argument
(DBN)

Man gets 10 months for threats in voice mail to federal judge
(DBN)

Embattled judge in court confrontation video now waging war of words over PTSD finding
(DBN)

Man disarmed deputy, committed suicide in courthouse, authorities say
(DBN)

Former court clerk charged in claimed scheme to dismiss $40K worth of tickets for $20K in bribes
(DBN)

Beating of character in Scalia mask in ‘Scream Queens’ shows liberal intolerance, justice’s son says
(DBN)

______________

Wall Street:

Stock futures edge up
(DBN)

Santa rally? Stocks close higher on first day of Dec.
(DBN)

Citigroup's bonus pool for traders and bankers will remain unchanged despite cutbacks at other banks
(DBN)

______________

Layoffs:

Manufacturing jobs at risk as industry contracts
(DBN)

Massive layoffs coming to Volvo plant
(DBN)

Whitehall gold mine lays off 135 employees
(DBN)

Gulfstream laying off 1,100 employees
(DBN)

Brinderson announces 329 layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Coal:

Wall Street cuts lending to coal
(DBN)

Will Coal's Slump Leave States Like Wyoming On The Hook?
(DBN)

Met Coal - Where Is The Upside?
(DBN)

Arch Coal Bankruptcy Looms As George Soros And Leon Black Sell
(DBN)

____________

Corporate Reform:

Wells Fargo Under Regulators' Probe over Business Practices
(DBN)

____________

Mining:

Molycorp wants to keep parts of bankruptcy plan secret
(DBN)

____________

Healthcare:

As more Forest Park Medical Centers file for bankruptcy protection, investors look for new buyer to surface
(DBN)

Hospitals in Dallas and Forth Worth file for bankruptcy: 6 things to know
(DBN)

State Regulators Approve Trinity Acquisition of Johnson Memorial Hospital Trinity Health sells bankrupt hospital to for-profit firm
(DBN)

Once-lauded Nashua medical company files for bankruptcy
(DBN)

UnitedHealth CEO: Joining Obamacare Was a ‘Bad Decision’
(DBN)

Medicare Rules Reshape Hospital Admissions
(DBN)

____________

Retailing:

Investor Blasts American Apparel Bankruptcy
(DBN)

Bonds of Apollo-Backed Claire's Plunge After Earnings Miss
(DBN)

Is the great American department store losing its way?
(DBN)

____________

Student Debt:

Student Loans Should Be More Easily Discharged in Bankruptcy
(DBN)

Student Loan Defaults Jump; Accounts Sent to Collection Agencies Double
(DBN)

____________

Gambling:

Report: More Northeast casinos, more Atlantic City closures
(DBN)

Bankruptcy judge orders town and county to greenlight casino Judge's order paves way for Suffolk OTB facility
(DBN)

____________

Debt Collection:

Two New York Federal Courts Find No FDCPA Violation Where Debtor Account Numbers Appear on Collection Envelopes
(DBN)

Massachusetts Collection Law Firms Are Now ‘Debt Collectors’
(DBN)

____________

Celebs:

50 Cent to appear in new Fox meta-comedy, My Friend 50
(DBN)

Did lawyers for 50 Cent spend too much? Woman awarded $7M by jury disputes $123K bill for his costs
(DBN)

Rick Ross' Baby Mama Is Making Sure She Gets Her $7M From 50 Cent
(DBN)

Todd Chrisley Wife Julie Battles Further in Bankruptcy Court
(DBN)

‘Real Housewives Of Potomac’ Star Robyn Dixon’s Financial Woes
(DBN)

Mark Zuckerberg will give away 99% of his Facebook shares Zuckerberg's Facebook Stock Gift Perpetuates Inequality?
(DBN)

The CEO who raised all his employees' salaries to $70,000 may have been motivated by brother's lawsuit
(DBN)

Robert Durst's Ex-In-Laws Want $100 Million
(DBN)

____________

Food/Beverage:

Smart & Final will take over closed Haggen stores
(DBN)

____________

Hedge Funds:

Hedge Funds Brace for Redemptions as Losses Engulf Marquee Firms
(DBN)

____________

Pharma:

Gilead Cared About Profits, Not Patients
(DBN)

____________

Economy:

Manufacturing in U.S. Unexpectedly Shrinks Most Since June 2009 But rest of economy humming along
(DBN)

Why Millennials Are Finally Getting Real Jobs
(DBN)

Fed's Evans Says December FOMC Rate Decision Makes Him Nervous Fed's Brainard backs cautious hikes
(DBN)

Bond market is starting to get cold feet about rates
(DBN)

Yellen calls the shots on Wednesday Treasury Curve Flattest in 10 Months Shows Trust in Fed's Yellen
(DBN)

The Fed Is About To Put The Brakes On The Economy
(DBN)

Some Families Earn Six Figures and Still Need Help With the Rent
(DBN)

Why It’s Still Too Early for the Fed to Start Raising Interest Rates
(DBN)

Credit Markets Scream Recession, But Goldman Says Not to Worry
(DBN)

Economic expectations of top US CEOs sink to three-year low More Plan to Pull Back Investment Why Business Investment Is Slumping
(DBN)

U.S. Monthly Economic Confidence Remains Level in November
(DBN)

Delamaide: Fed handcuffed by its own rules
(DBN)

Young white people are losing their faith in the American Dream
(DBN)

What Americans Spent More on Last Year: Housing, Health Care
(DBN)

America’s 20 richest have more money than these 152 million people 20 Americans: Own More Than 50% of Wealth
(DBN)

America's Poor Still Heavily in Debt
(DBN)

We just got another major sign that cash is dying
(DBN)

US Debt Limit Threat Defanged on Wall Street
(DBN)

The Good Old Days of the Gold Standard?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Home prices rise 6.8% in October
(DBN)

[Report] The housing market can withstand a Fed interest rate hike
(DBN)

Wallace partner turns over information sought in bankruptcy
(DBN)

____________

Municipalities:

Puerto Rico takes dramatic step to avoid default Puerto Rico Avoids Default by Redirecting Revenue From Bonds Puerto Rico avoids default on debt payment Puerto Rico Makes Bond Payments But at What Cost to Residents? Puerto Rico Makes A Bond Payment, Avoiding Default, For Now Warns of dwindling funds Future payments uncertain Crisis just got more serious
(DBN)

Puerto Rico's governor issues 'distress call' to US Congress about fiscal crisis Governor tells US Senate the island cannot repay debts
(DBN)

Puerto Rico Pleads With Senate to Let It Go Bankrupt Puerto Rico Bankruptcy Would Be Bad Idea, Senator Grassley Says
(DBN)

Benefits to Sticking With the Framework for Puerto Rico’s Debt
(DBN)

The Risk of Insuring Puerto Rico's $70 Billion Debt
(DBN)

Puerto Rico's struggle with $72 billion in debt as economic crisis mounts
(DBN)

What about the neighborhoods? The Detroit bankruptcy one year later
(DBN)

Detroit files slew of vendor lawsuits to recover $50 million
(DBN)

Detroit bankruptcy lesson: Underfunded pension funds could trip up other municipalities
(DBN)

Atlantic City bankruptcy still on table More Atlantic City casinos may close, says Moody's
(DBN)

How To Bankrupt A City- Scranton Edition
(DBN)

Southern Cities Grim Bargain: Selling Out the Workforce
(DBN)

____________

Oil/Gas:

Crude prices slip as traders brace for rising stockpiles
(DBN)

Investors look forward to a better year for oil
(DBN)

Why OPEC's plan to balance oil markets backfired
(DBN)

Saudis Prepared To Listen At OPEC Meeting
(DBN)

The party is over for oil
(DBN)

Shorting OPEC, hedge funds leave crude prices at risk from recoil: Kemp
(DBN)

It's just brutal out in the Bakken oil fields right now
(DBN)

IEA Chief Reiterates Forecast for $80 Oil The Surprise For Oil - Not What You Think
(DBN)

Judge Approves Sale Of HOVENSA To ArcLight
(DBN)

The Long Wait: Oil And Gas Private Equity Is In A Holding Pattern
(DBN)

Energy scene leaves Houston SBA loans up for grabs
(DBN)

We can't say for sure if the evil speculators are responsible for low oil prices
(DBN)

Energy And Exploration Partners Creditors File Involuntary Bankruptcy Petition
(DBN)

Scrapping 150 projects, Big Oil could become “structurally impaired”
(DBN)

Texas manufacturing picks up again, but pall over sector remains
(DBN)

Norway's Offshore Shipping Sector Faces Bleak Year As Oil Price Pain Deepen
(DBN)

Canada: Further staff cuts possible at 1/3 of oil and gas companies in 2016
(DBN)

Russian Oil Output Stays Near Record Level as OPEC Set to Meet
(DBN)

Halliburton Company: Our Customers Will Soon Face a Drill or Die Future
(DBN)

Schlumberger yet to confirm where another 20,000 jobs will be cut
(DBN)

Wind and solar now leading Texas in power growth
(DBN)

Drilling contractors facing up to long downturn
(DBN)

U.S. judge approves reduced incentive plan for bankrupt Sabine
(DBN)

What’s next for oil boom towns gone bust? UT Austin has some advice
(DBN)

____________

Awards:

Douglas Gooding from Choate Hall & Stewart Selected as Fellow of The American College of Bankruptcy
(DBN)

Benchmark Recognizes Weil’s Leading Litigation Practices
(DBN)

____________

Politics:

Trump says he would charge CNN $5 million for next GOP debate appearance Panic, and Paralysis, as GOP Realizes Trump Isn't Fading The Koch brothers are afraid to take on Donald Trump
(DBN)

New Jeb Bush Ad in N.H. Seeks to Show Him as a Strong Military Leader
(DBN)

Is Bernie Sanders a Democratic Socialist?
(DBN)

Clinton’s Campaign Promises Total Nearly $1 Trillion – With More to Come Most of Hillary Clinton's $275 billion infrastructure plan would be funded by closing corporate tax loopholes
(DBN)

Live Dive: Hillary Clinton’s Emails, Round 7 Emails Show How Clinton Camp Reacted to ‘Women Still Can’t Have It All’ Clinton Emails Show Blumenthal No Fan of Axelrod
(DBN)

Carson Fact Check: "The Family Research Council, according to some government agencies, is a terrorist group."
(DBN)

Ted Cruz Is the Ultimate Insider Ted Cruz claims that the 'overwhelming majority of criminals are Democrats' Iowa: Cruz's Fight Against Ethanol
(DBN)

Congress Agrees on Highway Bill The Highway Bill Is Turning Into A Vehicle For Bank, For-Profit College Favors How A Single Manhattan Bank Hijacked The Highway Bill
(DBN)

Why Do Politicians Get Away with Lying?
(DBN)

____________

Personal Finance:

50 under-$50 gifts for everyone on your list
(DBN)

You can’t afford to be single in New York
(DBN)

5 money habits that make it nearly impossible to build wealth
(DBN)

____________

Concerts:

Debt restructuring for SFX Entertainment could mean better terms for potential buyers
(DBN)

____________

Travel:

17 things you should definitely ask for the next time you check in to a hotel
(DBN)

____________

Credit Cards:

Some US shoppers are so annoyed with the new credit cards they're avoiding stores that use them
(DBN)

____________

Compensation:

Company directors work few hours, get many pay hikes
(DBN)

____________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Bankruptcy Statistics:

WD NY: November bankruptcy filings flat with a year ago
(DBN)

November bankruptcies hit 25-year low in NH
(DBN)

Toledo: Bankruptcy court filings fall 1% locally
(DBN)

Six Steps to Failure: Lessons from WorldCom & Nortel’s Record-Breaking Bankruptcies
(DBN)

______________

PACER:

Pacer Outages Reported Amid Bankruptcy Paperwork Changes
(DBN)

____________

Sealing:

Molycorp Asks to Seal Data in Bankruptcy Ballot Materials
(DBN)

____________

Proofs of Claim:

Bankruptcy Proof of Claim Form Gets a Makeover
(DBN)

____________

Miscellaneous:

Random Thoughts for the Week
(DBN)

____________

Bankruptcy Rules:

The Weight To Be Given To Comments From Bankruptcy Judges On Proposed Bankruptcy Rules and Forms
(DBN)

Everything You Need to Know About The New FRCP Amendments
(DBN)

The Bankruptcy Forms’ Makeover Takes Effect
(DBN)

____________

IP:

A Reminder Of The Limits Of Section 365(n)'s Licensee Protection
(DBN)

____________

Factoring:

When Is the Factoring of Accounts a True Sale?
(DBN)

____________

Avoidance Actions:

SDNY Bankruptcy Court Reaffirms Rigorous Pleading Standards in Lyondell LBO Fraudulent Conveyance Action
(DBN)

Non-Compete Agreements and Fraudulent Transfer Law--How Doing Nothing can be Reasonably Equivalent Value in the Tenth Cir.
(DBN)

____________

Cross-Border:

Foreign Debtors’ Access to U.S. Bankruptcy Courts: Expansion of “Property in the United States” Definition in Chapter 15 Cases
(DBN)

____________

TBTF:

'Too Big To Fail' Banks' Status Report: 2 Growing Assets, 1 Not, 1 Unchanged
(DBN)

____________

Bankruptcy Crimes:

Former Mauston resident sentenced for bankruptcy fraud
(DBN)

____________

Autos:

Bosch Sued Over VW Scandal
(DBN)

VW downgraded
(DBN)

VW, banks agree terms of 20 billion euro bridge loan: sources
(DBN)

How automakers play the emissions game
(DBN)

____________

Pensions:

Reportable Event Changes for Pension Plans Effective January 1, 2016
(DBN)

____________

Alternative Energy:

Looming Spanish Bankruptcy May Reshape California Solar
(DBN)

____________

Fraud:

US investigators are accusing a bitcoin entrepreneur of running a $20 million Ponzi scheme
(DBN)

____________

Agriculture:

1 lawsuit settled in Turner Grain case
(DBN)

____________

Tax:

IRS May Start Stamping Passports When You Pay Your Taxes
(DBN)

____________

UK:

Are U.K. Bank Stress Tests a ‘PR Exercise’?
(DBN)

____________

EU:

The EU is Now in Serious Trouble
(DBN)

Eurozone unemployment rate falls to near 4-year low
(DBN)

Eurozone inflation stays weak, misses views
(DBN)

____________

PIIGS:

Shareholders threaten to sue Abengoa over plunge in share price Abengoa Plans to Hold Call With Bondholders, Houlihan Lokey Says Abengoa Creditor Banks Said to Ask Adviser to Map Debt, Leverage Abengoa collapse could change renewables financing Abengoa, the Teetering Sun King of Spain, Prepares for End Game
(DBN)

Spanish election: Economy could sway result
(DBN)

Judge orders public examination of O’Donnell children
(DBN)

Q&A: What does the change in bankruptcy law mean? Short bankruptcy term may be bittersweet pill New bankruptcy regime ‘to protect thousands’ from US vulture funds
(DBN)

____________

Canada:

How Fed Liftoff Could Sink the Last Bastion of Canadian Growth
(DBN)

Postmedia Downgraded to CCC+ by S&P on Looming Debt Maturities
(DBN)

Canadians are paying their bills while piling up debt
(DBN)

____________

Germany:

German Unemployment Rate Falls to Record Low on Domestic Demand
(DBN)

____________

Australia:

Forest contractors call for insolvency law changes in latest shot in Gunns liquidation
(DBN)

Senior judges call for Chapter 11 bankruptcy rules
(DBN)

Australia is on to its 25th year without a recession
(DBN)

____________

Brazil:

Brazil recession deepens, worst annual drop on record Goldman Warns of Brazil Depression After GDP Plunges Again
(DBN)

How Low Can Brazil's Scandal Go?
(DBN)

BTG Pactual Cut to Junk by Moody's Following Esteves's Arrest
(DBN)

____________

Mexico:

Shares in Mexico's ICA slump to 13-yr low after bond payment delay
(DBN)

____________

India:

Farm sector suicides rise to 12,360 in 2014
(DBN)

Strange growth: Bankruptcy code must be chief priority
(DBN)

India's Banks Are Swapping Bad Debt for Equity to Avoid Losses
(DBN)

____________

Indonesia:

Bank Central Asia Reins in Lending as Indonesian Bad Loans Grow
(DBN)

____________

China:

Watch Out China: A Reserve Currency Brings Boom and Busts
(DBN)

China's Economy Is Consuming One-Third More Steel Than It Needs
(DBN)

____________

MENA:

Morgan Stanley: Iran is the biggest thing for the global economy since the Berlin Wall fell
(DBN)

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2014