February 3, 2015

The Daily Bankruptcy News

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Law:

Is Bankruptcy Too Expensive?

Perry Mandarino: Bankruptcy’s Complexities Require Expertise --- Sharon Levine: Experienced Professionals Come at a Price --- Shaunna Jones: Increased Complexity Brings Increased Cost --- Marshall Huebner: Restructuring Practices Still Could Be Improved
(DBN)

Associate Bonus Watch: Anger And Disappointment At A Leading Law Firm
(DBN)

Gobsmacked By Dacheng Dentons
(DBN)

Lawyer’s Epic Super Bowl Ad Starring A Heavy Metal Angel And A Sledgehammer
(DBN)

Drumm to blame law firm in US bankruptcy appeal
(DBN)

Business of Law
(DBN)

Profits, productivity and the pursuit of happiness
(DBN)

Better Educated Lawyers Are More Liberal. Which Is A Bit Weird.?
(DBN)

New York Partner Promotions Remain Steady, While Firmwide Numbers Increase
(DBN)

Addressing Value Challenges With Collaborative Workspaces
(DBN)

Get in the Arena, Partner
(DBN)

Moncrief's $1.5bn Lawsuit's Faked Evidence
(DBN)

McDermott's Revenue Spikes While Head Count Drops
(DBN)

Munger Sees More Growth in Revenue, Profits
(DBN)

Former SMU Dean Faces Solicitation Charge
(DBN)

9 reasons why iPhones are better than Android phones
(DBN)

Lawyer: How I Went Broke Trying to Teach Yoga
(DBN)

Two law students die in suspected murder-suicide
(DBN)

NFL’s $765 Million Concussion Pact Blocked as Insufficient
(DBN)

When It Comes to Client Networking, It Doesn't Pay to Cheap It Out
(DBN)

Neighbors furious as Florida man sets up front-yard shooting range, but police say it’s legal
(DBN)

Say What?!
(DBN)

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Judges:

Retiring New Jersey Bankruptcy Judge Donald Steckroth to Join Cole Schotz
(DBN)

US Bankruptcy Judge Pearson planning to retire
(DBN)

Justice Kagan's 'Very Conflicted' About Cameras in High Court
(DBN)

Bats living in courthouse invade trial; attack deputy
(DBN)

Lawyers are more liberal than general population, study finds; what about judges?
(DBN)

Judge Sentenced to Death Claims Brain Injury Due to Diabetes
(DBN)

'One Millionth Discovery Dispute' Tests Exasperated Judge
(DBN)

Which justices’ opinions are least friendly? Scalia isn’t the most negative, study says
(DBN)

______________

Wall Street:

US stocks : Futures pull back as caution sets in ahead of factory orders
(DBN)

U.S. Stocks Rise as Energy Shares Rally With Crude, Phones Jump
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Caesars backs independent bankruptcy examiner to probe transfers
(DBN)

Power plant: We're cutting off Revel over unpaid debts
(DBN)

Revel Seeks ACR Energy Penalties as It Plans to Cut Power
(DBN)

Seven Feathers laying off 93 employees
(DBN)

____________

Student Debt:

The Misinterpretation of 11 U.S.C. § 523(a)(8)
(DBN)

The Mental and Physical Toll of Student Loans
(DBN)

____________

Ratings Agencies:

Moody's Falls as Justice Department Said to Persist With Probe
(DBN)

Settling Case, Standard & Poor's Backs Off Claims of Government 'Retaliation'
(DBN)

____________

Lehman:

Lehman Brothers Raises Estimate of Cash for Creditors to $90.6 Billion
(DBN)

____________

Pensions:

Bankrupt Reichhold Unloads Underfunded Pension Plan on PBGC
(DBN)

____________

Celebs:

Report: RHOC's Peggy Tanous faces foreclosure, owes $1.54 million in mortgage payments
(DBN)

____________

Banking:

How Banker Ed Hale Kept His Spying on the Down-Low
(DBN)

____________

Education:

Mid-Continent Bankruptcy Case on Hold
(DBN)

____________

Currency:

Could a Bitcoin Exchange Be a Commodity Broker?
(DBN)

____________

Aviation:

Skymark Airlines seeks 'business sponsor' in bankruptcy
(DBN)

GE Capital Aviation is Skymark Airlines' top bankruptcy creditor
(DBN)

____________

Resorts:

Drought is destroying California's ski resorts
(DBN)

____________


Economy:

Obama Proposes Nearly $4 Trillion Budget for Fiscal 2016 - Would Boost Middle Class While Taxing Businesses, Wealthy --- Offshore corporate cash piles at risk from Obama tax plan --- Obama proposes $3.99 trillion budget, draws scorn from Republicans --- Obama's budget a mixed bag for small businesses --- How Obama would spend your money in 2016, agency by agency --- Obama’s Budget: Ten Takeaways --- The 5 Big Asks in Obama's Aspirational, Unpassable, $4 Trillion Budget
(DBN)

Behind Obama's Budget: A Gloomy Future
(DBN)

US factories grew last month at slowest pace in a year --- American Factories Brace for Oil Shock as Growth Cools
(DBN)

Apple just took out a $6.5 billion loan even though it's sitting on $178 billion in cash --- Apple's bond sales wave red flag on US interest-rate outlook
(DBN)

The U.S. Economy Will Soon See Its Best Years in a Decade, Forecasters Say
(DBN)

Paul Singer: Economy stinks and Obama, ECB to blame
(DBN)

1450% Income Growth Is What You Need to Join the 1%
(DBN)

The Myth of Upward Mobility in America
(DBN)

Negative Yields Send a Gloomy Message
(DBN)

US consumer spending in December weakest since 2009 --- U.S. Consumers in Rainy-Day Mode --- U.S. Consumers Aren't Convinced Cheap Gas Prices Will Last --- Spending slips as auto sales weaken --- Don't freak out about a drop in consumer spending — yet
(DBN)

Why It Seems Everyone in the US is Single
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US construction spending rises, but misses expectations
(DBN)

South Boston real estate entity files for Chapter 11 protection
(DBN)

Prominent Naples developer found dead
(DBN)

Former North Miami Mayor Marie Lucie Tondreau co-conspirator in mortgage fraud Karl Oreste slapped with 8 years in prison
(DBN)

___________

Municipalities:

What Investors Can Learn From Detroit's Bankruptcy
(DBN)

Atlantic City has $12.8M Debt Due Tuesday
(DBN)

City of San Bernardino on wrong fiscal trajectory
(DBN)

____________

Mass Torts:

Energy Future Judge Sets Bar Date for Unmanifested Asbestos Claims
(DBN)

Hearing - 2/4/2015: H.R. 526, the “Furthering Asbestos Claim Transparency (FACT) Act of 2015”
(DBN)

GM ignition switch compensation fund sees surge in claims at deadline
(DBN)

____________

Oil/Gas:

Tues. A.M.: Oil is surging
(DBN)

Mon. A.M.: Oil Extends Gains From 6-Year Low; Strike Boosts Gasoline --- Oil prices jolted as falling rigs wrong-foot bears --- That Sound Could Be Oil Hitting Bottom --- Too Soon to Cheer for Oil
(DBN)

Mon. P.M.: Brent hovers above $50, maintaining streak
(DBN)

BP: Oil May Stick at $50 for Some Time
(DBN)

Slump in Oil Prices Brings Pressure, and Investment Opportunity
(DBN)

ND oil employees see work hours cut as oil prices slump --- Low Prices Raise Alarm in North Dakota Oil Patch --- Oil's downward spiral means era of 'yes' is over in North Dakota politics --- North Dakota Faces Boom-Town Dilemma as Oil Tumbles
(DBN)

Oil Industry Layoffs Have Begun - and Will Only Get Worse
(DBN)

Where do the rigs go? Oil companies look to store massive equipment
(DBN)

Lower Oil Prices Strike at Heart of Oil Sands Production
(DBN)

Why US Airlines Are Trading In The Red On Monday
(DBN)

Exxon's Profit Drops 21% As Production Declines
(DBN)

Exxon, Chevron Set to Boost Oil Production
(DBN)

Oil Railcar Market Plunges, Imported Oil Back
(DBN)

Sonde Resources files for bankruptcy
(DBN)

Slowdown in Oil Production Another Hit To Cal Dive
(DBN)

Trican to lay off 125 employees at Longview facility
(DBN)

GE Plans To Cut 330 Texas Oil Jobs
(DBN)

Let's Be Serious, Falling Oil Prices Are Not Causing The Busts In Texas And North Dakota
(DBN)

____________

Retailing:

Inside RadioShack's Slow-Motion Collapse
(DBN)

Amazon May Buy RadioShack Stores In Retail Expansion
(DBN)

RadioShack Said to Discuss Shutdown as Part of Sprint Deal
(DBN)

Employees bet their future on RadioShack shares
(DBN)

RadioShack High Yield Bonds Plunge To New Lows Amid Liquidation Talks
(DBN)

RadioShack bankruptcy deal would mean big changes for stores --- RadioShack might sell half of stores to Sprint, close rest: report
(DBN)

After 94 years, RadioShack may be about to pull the plug --- Is This the End of RadioShack? --- RadioShack: It's Over
(DBN)

The NYSE has suspended trading in RadioShack
(DBN)

Target Canada liquidation sales will be 'like Black Friday' --- Target liquidation sales could start Thursday, retailer seeks court approval
(DBN)

____________

Politics:

Bill Would Require Political Candidates to Disclose Criminal and Financial Information
(DBN)

____________

Personal Finance:

The best things to buy in February
(DBN)

____________

Coal:

Cliffs Natural Resources highlights huge downsizing in 2014
(DBN)

____________

Rentals:

Rent-A-Center misses expectations with Q4 earnings
(DBN)

____________


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)-(9)-(10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Bankruptcy Filings Drop Nearly 13 Percent in Calendar Year 2014
(DBN)

WD NY bankruptcy filings dip in January
(DBN)

Isle bankruptcies decline 4.1 percent as jobless rate falls
(DBN)

Ohio bankruptcy filings fall for fifth consecutive year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Reform:

ABI Chapter 11 Reform Commission Series: Avoidance Actions and Other Litigation Issues
(DBN)

Your Blanket (Lien) May Have Holes: Proposed Amendments May Further Erode Secured Lenders' Rights
(DBN)

____________

Automatic Stay:

When automatic stay violations require fee awards
(DBN)

____________

Contract Interpretation:

A Default is a Default, no Matter the Size?
(DBN)

The Enforceability of Liquidated Damages Clauses
(DBN)

____________

Third Party Releases:

Don't Forget to Object!
(DBN)

____________

Finance:

Eleventh Circuit Upholds Collective Action of Supermajority of Lenders in Loan Workout
(DBN)

____________

TBTF:

US Banks: Too Big to Fail Plan is Too Strict
(DBN)

____________

Insurance:

Reorganized Company Not “New” for Unemployment Insurance Purposes
(DBN)

____________

Healthcare:

Anti-vax doc: "It's an unfortunate thing that people die, but people die. I'm not going to put my child at risk to save another child"
(DBN)

Universal Health Care bankruptcy trustee sues vendors to recover $5.9 million
(DBN)

____________

Sports:

Training Ground for Winter Olympians Seeks Chapter 11
(DBN)

____________

Tech:

Apple turning closed Arizona facility into data center --- $2B solar-powered “command center” data center at Arizona factory site
(DBN)

____________

Forex:

Swiss Bank’s Franc Move Still Shakes Brokers
(DBN)

____________

EU:

Legal implications of default, renegotiation and possible exit of an EU member state: protections for investors under bilateral investment treaties
(DBN)

____________

PIIGS:

UK warns Greek debt row 'biggest risk' to economy --- Greece: We're not looking for a fight over debt --- The Economist: Forgive Greek debt --- Greek Debt-Writedown Demands Faces Euro-Area Disdain --- Athens plots a daring escape from the troika --- Q&A: Can Athens re-write the bailout rules? --- The EU should call Alexis Tsipras's bluff --- Tsipras damage control fails to budge euro officials on Greece --- Juncker backs changing Greek debt crisis --- What is Plan B for Greece? --- The truth about Greek debt is far more nuanced than either side would have you believe --- Obama: Troika can't keep squeezing Greeks with austerity --- A Guide to the Debt Standoff Between Greece and the Eurozone
(DBN)

The Varoufakis approach: charm, charisma and venom
(DBN)

History In The Balance: Why Greece Must Repudiate Its 'Banker Bailout' Debts And Exit The Euro
(DBN)

Greek stand-off puts Draghi on the political stage
(DBN)

Greece Standoff Sparks Ire Over Economic Risks
(DBN)

Greece's New Finance Minister Is Brilliant. So Why Does He Make Everyone So Nervous?
(DBN)

____________

France:

The French economy minister says lawyers are threatening to kill him
(DBN)

____________

Russia:

Russian banks are set to lose 1 trillion rubles in 2015
(DBN)

____________

Switzerland:

Swiss Slash Prices Over Soaring Franc
(DBN)

____________

Croatia:

Croatia Cancels Debts for Country's Poorest
(DBN)

____________

Australia:

The Aussie dollar got destroyed
(DBN)

____________

Venezuela:

Venezuela's Vanishing Economy
(DBN)

____________


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