July 28, 2015

The Daily Bankruptcy News

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Law:

Updated: Biglaw Partner Gets Wasted On Plane, Causes Mid-Atlantic Flight Diversion
(DBN)

There are shockingly high dropout rates at a certain kind of law school At Some California Law Schools, Failures Outweigh Successes
(DBN)

Law Professor Has Awesome New Term For Law School ‘Diploma Mills’
(DBN)

What’s Going On At K&L Gates? K&L Gates loses 80 partners in seven months
(DBN)

Accountancy firms begin push into M&A and corporate legal services
(DBN)

California Bar Exam Cut From Three Days To Two
(DBN)

Business of Law
(DBN)

Getting Extreme Mileage Out of Your Speaking, Writing Efforts
(DBN)

Lawyer Emails Put Visa, MasterCard $6 Billion Settlement at Risk
(DBN)

A New Approach to Law Firm Marketing
(DBN)

How to conquer anxiety and break the ice during professional events (podcast)
(DBN)

The Best Law Firms For Diversity (2016)
(DBN)

Why Women Shouldn't Have to Act Like Dudes at Work
(DBN)

"Duck Syndrome" - Can That Explain Some Of Lawyers' Distress
(DBN)

Acquitted Of Murdering His Wife, Man Heads To Law School This Fall
(DBN)

Trafficking Sting Nabs Partner
(DBN)

Law firms can block hackers with ‘known good’ use of digital documents, expert says
(DBN)

‘Disgrace to the entire legal profession’ gets time in 2 federal fraud cases
(DBN)

Texas prosecutor names committee to review Sandra Bland case
(DBN)

13 secrets for performing better under pressure
(DBN)

5 inherent benefits to being an introvert
(DBN)

LinkedIn users are more well-paid and educated than other social media users
(DBN)

Lawyers-on-demand site secures $10 million in VC money
(DBN)

Watson Graduates Law School, Returns to America
(DBN)

Here are the features analysts expect to see in Apple's iPhone 6S
(DBN)

61% of iPhone owners don't know the battery can be replaced, study says
(DBN)

The 6 belts every man should have in his closet
(DBN)

12 pairs of sneakers you can get away with wearing at the office
(DBN)

Starting A Bonfire With Your Bar Exam Notes Before The Test Takes Cojones
(DBN)

Everyone Has the Right to Mouth Off to Cops
(DBN)

Boyfriend accused in slaying of lawyer reality TV star claims he acted in self-defense
(DBN)

Stoned and Screaming Ice Cream Truck Driver Arrested
(DBN)

Texas Lawmaker Still Fighting Gay Marriage
(DBN)

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Judges:

The GOP's judicial logjam
(DBN)

New Jersey judge bans woman from entering any Wal-Mart store in the country
(DBN)

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Wall Street:

Stock futures climb
(DBN)

Dow tumbles in wake of China stock rout
(DBN)

Here are the most shorted stocks on Nasdaq
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Pilot Shortage Halves Republic Airways Stock
(DBN)

Republic Falls Most Ever as More Airline Disruptions Seen
(DBN)

27 travel hacks that even frequent fliers don't know
(DBN)

____________

Resorts:

Baha Mar Resort Asks Chinese Lender to Jettison Chinese Contractor Chinese firms prepared to invest more in stalled Baha Mar project Baha Mar: Contractor 'Obstructing' Settlement Baha Mar Wants Contractor Out Upon Reaching Agreement, Developer Says Will Work With Chinese To Resolve Chapter 11 Bankruptcy Case Pending In U.S. Court Five Things to Know About the Baha Mar Battle
(DBN)

Baha Mar mega resort needs $400 mln for completion Baha Mar ’S $400m ‘Quickie’ Divorce
(DBN)

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Education:

In Rare Fight, Johnson & Wales Battles to Keep Tuition Money
(DBN)

Defunct for-profit college sued by former students
(DBN)

In renewed Obama push for higher-ed accountability, echoes of entrenched politics
(DBN)

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Gambling:

Caesars Examiner Center Stage as Bond Suits Threaten Bankruptcy | Big Law Business
(DBN)

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Fraud:

MF Global Parent to Get Brokerage's Litigation Rights
(DBN)

Trustee Gives Rothstein Victims Nearly $93 Million
(DBN)

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Movies:

Relativity Media May File For Bankruptcy , Leaving Many Upcoming Movies In Limbo
(DBN)

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Tech:

Judge Restores GT Advanced Loan Terms, Approves Borrowing
(DBN)

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Coal:

Coal Isn’t Going Away Anytime Soon, Says Moody’s
(DBN)

How Alpha Natural Resources Came to the Brink of Bankruptcy
(DBN)

Creditor starts bankruptcy proceedings against Indonesia's Berau
(DBN)

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Healthcare:

The Healthcare Industry Post-Affordable Care Act: A Bankruptcy Perspective
(DBN)

Michigan physician-owned hospital files for bankruptcy
(DBN)

Hawaii hospitals cut 30 positions: Financial problems
(DBN)

____________

Motorcycles:

Hero Motocorp to buy assets of bankrupt US company
(DBN)

____________


Economy:

U.S. capital equipment orders rise for 2nd time this year Durable-goods gain is less than meets the eye
(DBN)

More of Wall St. sees a later rate hike: Survey
(DBN)

This is how bad China would have to get to stop Fed
(DBN)

China growth fears crush oil and commodities Wall St. slumps after China stocks stumble Commodities sell-off is part of global cycle
(DBN)

Here's when the next recession might start
(DBN)

The Role of Law in Celebrity Economist Ben Stein’s Career
(DBN)

It takes 16 months to pay off credit card balance in this city
(DBN)

The 15 most expensive cities in the US for single people
(DBN)

This map shows the US really has 11 separate 'nations' with entirely different cultures
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

 

NY state senator convicted in foreclosure embezzlement scheme
(DBN)

This is how much land prices have changed, and how much they haven’t
(DBN)

The red-hot housing market would be doing even better if it weren't for one thing
(DBN)

Nearly half of homes in top markets losing value
(DBN)

At Bankruptcy Auction, Bidder Agrees to Pay $16 Million For Troubled 71 Clinton St.
(DBN)

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Municipalities:

Hedge funds tell Puerto Rico: close schools and fire teachers to pay us back
(DBN)

The Puerto Rico Debt Crisis, Explained
(DBN)

Puerto Rico seeking alternative to $3 bln bond deal -governor's office
(DBN)

Puerto Rico doesn't have enough cash flow for Aug 1 PFC payment: Government
(DBN)

Puerto Rico tourism industry lags rivals, offers little relief from debt crisis
(DBN)

Bush says Puerto Rico's debt must be restructured, even with bankruptcy
(DBN)

Puerto Rico governor heads to DC for meetings on fiscal problems -statement
(DBN)

San Bernardino Struggles to Contract Fire Services
(DBN)

Muni Investors Get Taste Of Risk With Bad Debt From Puerto Rico
(DBN)

How One Mississippi County Played Wall Street’s Fiddle
(DBN)

Getting Tested Again: Municipal Bond Funds Face More Stress
(DBN)

____________

Oil/Gas:

Oil prices fall to near six-month lows, rattled by China
(DBN)

Oil hits 4-month low on China stocks tumble, supply worries Look out below! How low will crude oil go? Top Factors Undermining Any Oil Price Recovery Which is more likely, $33 or $75 oil?
(DBN)

Pessimism Amongst Oil Traders Reaches 5 Year High
(DBN)

BP warns on oil price after reporting $6.3B loss Oil prices will stay 'lower for longer': BP CFO
(DBN)

Texas on track to beat 1972 oil production record
(DBN)

Texas manufacturing shows some positive signs in July, but sector still weak from oil-price shock
(DBN)

As Oil Prices Slide Investors Prepare To Buy
(DBN)

Has The E&P Industry Lost Touch With Reality?
(DBN)

Oil guru forsees return to US$100 crude
(DBN)

Dubai stocks retreat, oil drops to four-month low
(DBN)

Halliburton, Baker cut workforces deeper, bringing layoffs to 27,000
(DBN)

Oil majors delay $200 billion of spending, Wood Mackenzie says
(DBN)

$185 Billion In New Oil and Gas Projects Up For Grabs
(DBN)

____________

Finance:

Why saving the big bank that Republicans want to kill is a no-brainer
(DBN)

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Politics:

The Business of Hiring a Fake Crowd for Political Campaigns
(DBN)

Donald Trump's lawyer just went nuts on two reporters Let's Fire Him: Trump Is A Bad Poster Child For Executives Trump financials show him failing the mutual-fund test Donald Trump's Yelp Reviews Donald Trump's team says his wife made 'r---' accusation to 'exploit' him in divorce case The Charades of Donald Trump and Alexis Tsipras In Defense of Donald Trump Trump tells Steve Rattner: 'You should have gone to prison'
(DBN)

Ted Cruz Plays the Maverick Ted Cruz’s Cry for Attention
(DBN)

Hillary Clinton’s Email Dispute: An Updated Guide
(DBN)

Bernie Won't Be President, but He's Still Bad News for the GOP
(DBN)

____________

Food/Beverage:

Wes Edens' firm provides $100M debtor financing to bankrupt A&P; another holds stock in owner
(DBN)

Labor unions ready to fight bankrupt A&P
(DBN)

____________

Taxis:

Taxi lawyer behind $2.4B in loans shares his strategy to beat Uber with Governor Cuomo's help
(DBN)

____________

Disruption:

Proof of a 'Gig Economy' Revolution Is Hard to Find
(DBN)

____________

Corporate Reform:

Bank has standing to challenge constitutionality of federal consumer agency, appeals court says
(DBN)

____________

Religion:

USA could prove tough audience for Pope
(DBN)

____________

Telecoms:

LightSquared Bankruptcy Debt Doubles as FCC Weighs Wireless OK
(DBN)

____________

Hotels:

Judge backs debtors' sale plan for Hotel Los Gatos — for now — to IHA Hospitality, though Hersha Hospitality is also in the hunt
(DBN)

____________

Student Debt:

Undue Hardship: An Analysis of Student Loan Debt Discharge in Bankruptcy
(DBN)

____________

Bankruptcy Crimes:

A Study on Bankruptcy Crime Prosecution Under Title 18: Is the Process Undermining the Goals of the Bankruptcy System?
(DBN)

____________

 


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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Fitch: U.S. Consumer Bankruptcies Set to Fall to Eight-Year Low
(DBN

16.8 % Decrease In Business Bankruptcy Fillings, 21% Decrease In Ch. 11 Filings (YoY, as of 6/31/2015) 2014 Stats (as of 6/31/2014)
(DBN)

______________

Bankruptcy Reform:

Redemption Option Premium, Part II: Chapter 11 Valuation Dates are not "Arbitrary".
(DBN)

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Cross-Border:

SDNY Sides with Fifth Circuit and the UNCITRAL Model Law when Granting Recognition to OAS S.A. et al.
(DBN)

____________

Avoidance Actions:

The Fifth Circuit Declares A Mulligan In The Golf Channel "Innocent Transferee" Case
(DBN)

____________

Safe Harbors:

Amending the Flaws in the Safe Harbors of the Bankruptcy Code: Guarding Against Systemic Risk in the Financial Markets and Adding Stability to the System
(DBN)

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Eligibility:

"I Pronounce You Man and Man. You May Now File Jointly for Bankruptcy": DOMA's Unconstitutionality and Its Effect on Joint Bankruptcy Filings for Same-Sex Couples
(DBN)

____________

Committees:

Creditors' Committees: Giving Tort Claimants a Voice in Chapter 11 Bankruptcy Cases
(DBN)

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Estoppel:

Stop Right There: Limiting Judicial Estoppel in the Bankruptcy Context
(DBN)

____________

Litigation:

Litigation Finance Comes to Bankruptcy
(DBN)

Litigation funder Burford reports $36 million profit on one case
(DBN)

2 Outlines Of Witness Examinations: Learning From Mistakes
(DBN)

Calculating the Size of the Opaque eDiscovery Market
(DBN)

____________

Credit Reporting:

Federal Lawmakers Propose Credit Reporting Changes - Act would force creditors to notify credit-reporting firms when a person's debt has been canceled by bankruptcy
(DBN)

____________

Discharge:

Whether to Grant an Individual Chapter 11 Debtor an "Early" Discharge
(DBN)

____________

Retailing:

American Apparel Is On The Verge Of Bankruptcy American Apparel battling to avoid bankruptcy as debt payment looms
(DBN)

Toys 'R' Us Insurers Said to Cut Policies After Losses Mount
(DBN)

Is Bankruptcy Unfair to Shoppers?
(DBN)

____________

Bankruptcy Crimes:

Clarizio hid cash, assets after filing bankruptcy , say feds
(DBN)

____________

Celebs:

50 Cent - Lavish Lifestyle or Drowning in Litigation Debt?
(DBN)

These Are The Businesses That May Help 50 Cent Survive His Bankruptcy
(DBN)

Report Says IRS Mishandled 24,000 Tax Lien Notices---Just Ask Robert De Niro
(DBN)

Cash-strapped celebs: Stars who went bankrupt
(DBN)

____________

Mining:

Mining stocks are getting killed as gold, metals plunge
(DBN)

Carnage isn’t over in gold, other metals-mining stocks
(DBN)

____________

Sovereigns:

Flat-pack sovereign debt restructuring
(DBN)

Forget Angry Birds. This Video Game Targets Angry Investors
(DBN)

Ukraine Avoids Default With $120 Million Interest Payment
(DBN)

____________

UK:

IPs: Beware Taking Fees on Trust…
(DBN)

____________

EU:

German 'wisemen' say euro zone states should be able to go bankrupt
(DBN)

____________

PIIGS:

Greece's Varoufakis confirms covert plan to hack tax codes Recording reveals secret ‘Plan B’ for Greece Conservative lawmakers demand explanations from PM over Varoufakis leak Greece’s Ex-Finance Minister Tells All Greek Bank-Failure Law Puts Big Deposits at Risk, Moody’s Says Obama made a 'very un-Presidential' comment to the ex-finance minister of Greece Moody's: Uninsured Depositors Compromised by Greece's New Legislation Greece is going to stay screwed for the next several decades New Greek bailout talks start, creditors wait for 'ambitious' reforms The optimist’s guide to Greece Alexis Tsipras Faces Race Against Time to Secure Greece Bailout Deal
(DBN)

Priory Hall developer McFeely to contest bankruptcy action
(DBN)

____________

Canada:

The drop in commodity prices is destroying Canada's economy
(DBN)

Canadian Subprime Lender Comes Up Short
(DBN)

____________

China:

China shares fall again as Beijing scrambles to calm markets Deutsche Bank on China's crazy stock market: 'There's no obvious explanation' China Stocks Sink Most Since 2007 as State-Induced Calm Shatters China losing control as stocks crash despite emergency measures With China, stock market manipulation goes global What China watchers are saying about Shanghai’s ugly selloff Why this Chinese stock plunge could be different China Stocks Tumble 8.5%, Calling Into Question Beijing's Ability to Prop Up Market Bull in China's shop has no more room to run China’s stock market may be partying like it’s 1929
(DBN)

____________

Ukraine:

Ukraine puts new debt restructuring proposals to creditors - minister
(DBN)

____________

MENA:

S&K says worsening market led to bankruptcy ‘Saturated’ property market forces Dubai realtor to go bust
(DBN)

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