June 22, 2015

The Daily Bankruptcy News

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Law:

Are We In An Off-Season For Lateral Moves?
(DBN)

Is the Slowdown in Litigation Work Cyclical or Structural?
(DBN)

Will Legal Tech Eventually Disrupt Biglaw? A Conversation With Lex Machina’s Owen Byrd
(DBN)

What Lawyers Can Learn From Uber
(DBN)

Business of Law
(DBN)

Gordon Silver to Fold in Sin City
(DBN)

Nixon Peabody - Gets Rid Of Corner Office, Which Could Be Smart For Rebranding
(DBN)

Changes Needed to Finance Legal Education: Report ABA Task Force: Bring Law School Costs Down ABA Task Force On The Financing Of Legal Education Issues Final Report
(DBN)

Law School Financial Aid Rankings
(DBN)

Don’t You DARE Send This Rainmaker Insulting Emails, You Sniveling Idiot
(DBN)

Bankruptcy lawyer: 11 Reasons Why It’s So Hard Being A Lawyer (Part I)
(DBN)

Holland & Knight Forms Group to Guide Troubled Companies
(DBN)

The Unlawyer - Inhouse, Big Law, Little Law, Law Schools
(DBN)

Associates, Listen Up - Bernie Sanders Wants To Bring Back 40-Hour Work Week
(DBN)

Social Media Disclaimers--Maybe They Work After All?
(DBN)

Law Firms Must Spend More Time Talking to Themselves
(DBN)

Apps Lawyers Can't Live Without My latest iPhone app discoveries
(DBN)

Goodbye Rambo, hello ‘mindfulness’: More lawyers embrace Zen-inspired techniques
(DBN)

ABA task force on law school financing calls for reforms
(DBN)

How Does Your Firm’s Art Collection Stand Up?
(DBN)

11 health benefits of caffeine, the most commonly used psychoactive drug in the world
(DBN)

5 essential items every man should carry in his pockets
(DBN)

Closing all of your apps doesn't actually save your iPhone's battery
(DBN)

Should Charleston church shootings be labeled as terrorism? Some see a double standard Jon Stewart On Charleston Shooting — It’s A Must Watch In Alleged Online 'Manifesto,' Accused Church Killer Details Hate Suspected South Carolina church gunman reportedly tried to kill himself during the attackThe Ugly Truth About Hate Crimes The Charleston shooting wasn't the first time somebody terrorized a historically black church FBI Head: Charleston Not Terrorism Families Tell Accused Charleston Murderer 'Hate Will Not Win' Charlestown: Thousands Gather for Peace Event Dylann Roof's stepmother defends 'smart' boy 'drawn in by internet evil' Roof's Hero Racist Talk From Dylann Roof’s Judge?
(DBN)

Time to Dump the Confederate Flag For Good Fact-check: Claims about the South Carolina Confederate battle flag controversy Romney, Bush: End Use of Confederate Flag
(DBN)

3 Things Law Students And Young Lawyers Can Learn From First Lady Michelle Obama
(DBN)

Somebody at a top UK law firm is using new anonymous app Yik Yak to reveal embarrassing work incidents
(DBN)

Bizarre Reed Smith tax partner rock ‘n’ roll video pulled from YouTube
(DBN)

When It Takes A Lawyer To Breathe
(DBN)

Life Upheld for Bizarre Crime of Spurned Lover
(DBN)

Journo SHOCKED At Cost Of Relatively Cheap Expert Witness
(DBN)

Police are reportedly closing in on the two escaped New York fugitives
(DBN)

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Judges:

Federal Bankruptcy Judge in DC Seeking Third Term
(DBN)

Tampa Bay judges crack down on serial bankruptcy filers
(DBN)

Salty Judge Suspended
(DBN)

Thomas adds victim’s photo to his opinion, spars with Kennedy on solitary confinement
(DBN)

Federal Law Complicates Case for Putting Justice Ginsburg on $10 Bill
(DBN)

Federal judge: Don't come by without asking, and f--- the NRA NRA Board Member Blames the Victims
(DBN)

Judge's Top 10 Tips for Winning Cases
(DBN)

Why does President Obama criticize the Supreme Court so much?
(DBN)

Better Judgment
(DBN)

Supreme Court decisions: Gay marriage and Obamacare aren’t the only huge cases coming
(DBN)

______________

Wall Street:

Greek deal hopes propel rally for US stock futures
(DBN)

Stocks close lower amid options expirations; Greece concerns weigh
(DBN)

______________

Layoffs:

Assurant to lay off 1,200 Milwaukee employees beginning in August
(DBN)

Hershey to Cut About 300 Jobs
(DBN)

North Dakota's Jobless Picture Gets Worse
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Sweet Briar not closing down, thanks to a mediated negotiation Settlement To Save Sweet Briar Isn't Sweet
(DBN)

The troubled college with a $85 million endowment will stay open one more year after alumnae raise millions
(DBN)

Bankrupt Mid-Continent University plans to sell campus
(DBN)

South Carolina State College declared the equivalent of bankruptcy
(DBN)

The Donald Trump scandal no one is talking about
(DBN)

____________

Mass Torts:

Asbestos claimants committee calls proposed trust amount in Garlock bankruptcy ‘unfair’
(DBN)

Cost of Doing Business? Oil Companies Agree To Pay For Some of Lac-Megantic Damages, But Not to Solve the Real Problems
(DBN)

What Did Counsel to GM Know
(DBN)

____________

Fraud:

Madoff trustee to recoup $140 million from Plaza feeder fund
(DBN)

More checks for ZeekRewards victims will go out in August
(DBN)

Ex-MF Global trader settles CFTC manipulation claims for $500K
(DBN)

Enron Scandal: A Devastating Reminder of the Dangers of Debt
(DBN)

____________

Pensions:

Bill Seeks Multiemployer Pension Reform Act Repeal
(DBN)

IRS, PBGC Issue Guidance on Multiemployer Plan Benefit Suspensions and Plan Partitions
(DBN)

____________

Software:

Creditors allege Baton Rouge’s Thinkstream owes payroll taxes, CEO Barry Bellue is ‘evading’ subpoena for financial records
(DBN)

____________

Credit Counseling:

Bankruptcy trustee shuts down Costa Mesa debt settlement company Morgan Drexen
(DBN)

____________

Environmental:

California agency defends state claims against reorganized Exide
(DBN)

____________

Skiing:

Ski center faces murky future
(DBN)

____________

Religion:

Report: Former Twin Cities archbishop tried to limit probe
(DBN)

Interim archbishop faces daunting task in tumultuous archdiocese
(DBN)

____________

Gambling:

It's as if the entire world is attacking the casino industry
(DBN)

____________

Golf:

Golf has a problem and it's not Tiger Woods
(DBN)

____________

Privacy:

Developments in the Rules Governing Personal Identifiable Information May Have Unexpected Consequences for Lenders And Other Businesses
(DBN)

____________

Personal Finance:

The 3 questions one CEO hopes to hear from everyone he interviews — but hardly ever does
(DBN)

____________

 


Economy:

BLS: Twenty-Five States had Unemployment Rate Increases in May
(DBN)

Fed: Q1 Household Debt Service Ratio Very Low
(DBN)

Citi economist: Fed is too chicken to hike rates
(DBN)

What the Next Recession Could Look Like
(DBN)

Here's where American children have the best chances of going from poor to rich
(DBN)

Economy is warming up along with the weather
(DBN)

The 10 slowest economies in the world
(DBN)

Amazing maps show where Americans come from and who we really are today
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Subprime mortgages didn’t cause the financial crisis
(DBN)

Struggling Companies Find REIT Conversion Not a Cure-All
(DBN)

S&P Downgrades Ocwen's Rankings to 'Below Average'
(DBN)

Here's the mountain of hidden costs homeowners in 15 cities pay after they buy their homes
(DBN)

MBA Stevens: We are in the middle of a housing crisis
(DBN)

CA: The Inland Empire Bust and Recovery
(DBN)

To Sign or Not Sign The Allonge
(DBN)

____________

Municipalities:

Unraveling bankruptcy plan will cause chaos, Jefferson County filing says
(DBN)

Financial Control Board Should Take Over Debt-Laden Puerto Rico, Lawmaker Says
(DBN)

Is Chicago the Next Detroit? Chicago isn't Detroit — and it's not going bankrupt
(DBN)

Moody's to Chicago: How Are You Different from Puerto Rico?
(DBN)

Chicago Public Schools Face Cash Crunch Now
(DBN)

Wayne County seeks recovery, not bankruptcy
(DBN)

Pensions, debt obstruct Snyder's Detroit schools plan
(DBN)

Coventry Fire District to discuss layoffs, asset liquidation
(DBN)

Public Pensions: Live and Let Die
(DBN)

States That Still Haven't Recovered Lost Jobs
(DBN)

____________

Banking:

WaMu’s Bonuses Sent Back to FDIC
(DBN)

____________

Hockey:

Bankruptcy tied to Lumberjacks owners not affecting arena negotiations
(DBN)

____________

Oil/Gas:

Crude Oil Gains as Greek Proposal Seen Boosting Riskier Assets
(DBN)

Lean times alter lawyers’ relationship with oil clients
(DBN)

M&A energy pipeline in US looks strong despite oil price slump, says Norton Rose
(DBN)

Why A U.S Shale Slowdown Will Hardly Effect Oil Prices
(DBN)

Saratoga Resources seeks bankruptcy protection
(DBN)

Who's in line to collect from Primera Energy?
(DBN)

The low price of oil might force one company into bankruptcy
(DBN)

Shale oil drillers are on the brink of a debt crisis Small U.S. frackers face extinction amid drilling drought Debt That Fueled Shale Boom Grows Heavier
(DBN)

Expect Offshore Drillers to See More Pain Ahead
(DBN)

The collapse in US oil rigs might be leveling off
(DBN)

A year after start of bust, oil patch shows resilience
(DBN)

Texas Production Down, Gas Takes Biggest Hit
(DBN)

North Dakota’s jobs picture continues to worsen
(DBN)

Wall Street betting big on U.S. oil
(DBN)

Speculators Retreat From Oil on OPEC Moves
(DBN)

Lawsuits pile on as creditors accuse Lafayette businessman Michel Moreno of siphoning money from failed Green Field Energy Services
(DBN)

____________

Healthcare:

El Paso Children's Hospital board changes bylaws, number of members that make up board
(DBN)

Former Edgewater Hospital owner returns to Chicago to face charges
(DBN)

Mt. Sinai CEO sees doom in looming Obamacare case
(DBN)

Layoffs announced at Porter Health Care
(DBN)

Bid to reopen hospital hangs on 1% tax vote
(DBN)

Federal judge questions Yadkin Valley hospital operator’s account
(DBN)

Why do hospitals go broke?
(DBN)

Congressional Budget Office: Repealing Obamacare would add to budget deficit
(DBN)

For Profit Hospitals Mark Up Prices by 1,000%
(DBN)

____________

Banking:

Chesco bank files for bankruptcy
(DBN)

Downey Trustee Reaches Settlement With FDIC
(DBN)

____________

Celebs:

David Cassidy Selling South Florida Home in Bankruptcy
(DBN)

Sonja Morgan Bankruptcy — ‘RHONY’ Star ‘Happy’ To Put Chapter 11 Behind Her Real Housewives Of New York star Sonja Morgan can finally pay off her creditors
(DBN)

'Real Housewives of New Jersey' star in danger of losing home to foreclosure
(DBN)

____________

Autos:

Auto center's bankruptcy won't affect local employees
(DBN)

Creditor creates potential snag in Chassix plan to leave bankruptcy
(DBN)

____________

Hockey:

Bankruptcy tied to Lumberjacks owners not affecting arena negotiations
(DBN)

City files motion to void $3.75M July 1 payment to Coyotes
(DBN)

Winning, bankruptcy leaves Otters' coaching staff in flux
(DBN)

____________

Food/Beverage:

Financially troubled American Seafoods nears deal to restructure
(DBN)

A&P of Montvale said to weigh second bankruptcy filing in five years One of America's biggest grocery chains is on the brink of death
(DBN)

Paso Robles wine castle's woes fade into medieval history
(DBN)

____________

Coal:

Behind the coal industry's alarming decline
(DBN)

Weil Business Finance & Restructuring Partner Joseph Smolinsky Discusses Distressed Coal Considerations at the 2015 Barclays High Yield Bond and Syndicated Loan Conference
(DBN)

With New Threats, It's Hard To See How One Can Invest In Coal
(DBN)

EIA Report: EPA Climate Rule Will Result In Coal Power Plant Shutdowns Doubling
(DBN)

Coking coal market slumps despite iron ore rebound
(DBN)

____________

Student Debt:

When is it OK to walk away from Sallie Mae?
(DBN)

____________

Communications:

Standard Register CEO resigns
(DBN)

____________

Photography:

The legal profession's Kodak moment?
(DBN)

____________

Politics:

Carl Icahn to Donald Trump: Thanks, But No Thanks
(DBN)

____________

Corporate Reform:

Big Banks and America's Broken, Two-Tiered Justice System
(DBN)

____________

 

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

Energy sector, Colt Defense focus of LCD’s Restructuring Watchlist
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Bankruptcy Reform:

The ABI Commission on Business Bankruptcy Reform: Director and Officer Fiduciary Duties and Lender Liability
(DBN)

____________

LLCs:

The LLC Member In Bankruptcy : Ehmann And Its Progeny
(DBN)

____________

SCOTUS:

King v. Burwell: Did the Supreme Court already tip its hand in bankruptcy decision?
(DBN)

The Relationship of the Supreme Court & the Bankruptcy Community: Greek Gods and Mere Mortals
(DBN)

Tensions build as Supreme Court readies blockbuster rulings
(DBN)

____________

Avoidance Actions:

Kettering Article On The UVTA, er, UFTA-2014, Provides The Definitive Guide To Changes
(DBN)

____________

Professional Compensation:

Bankruptcy Experts Discuss Supreme Court's Ruling in Baker Botts LLP v. ASARCO LLC and the Impact on Professional Fees, Bankruptcy Litigation
(DBN)

Have You Hugged Your Bankruptcy Attorney Today? We’re Feeling a Little Unloved
(DBN)

____________

Cross-Border:

International Bankruptcy: Do Principles of Comity Exist in Parallel to Chapter 15?
(DBN)

____________

Preclusion:

You’ve Made Your Bed, Now Go Lie in It: Court May Not Consider the Preclusive Effect Of Its Own Decision
(DBN)

____________

Exemptions:

Exemption Bill Removes Repossession Threat
(DBN)

____________

Litigation:

The ‘Looney Tunes’ Rule Of Litigation
(DBN)

____________

TBTF:

AIG bailout case to continue as Greenberg seeks damages
(DBN)

Hank Greenberg: D-Day veteran looks for his next battle
(DBN)

The End of Government Bailouts As We Know It
(DBN)

____________

Insurance:

Declared Property Value in Prior Bankruptcy Proceeding Not Binding in Subsequent Insurance Suit
(DBN)

____________

Litigation:

Federal Appeals Court OKs Google Earth-Generated Evidence
(DBN)

Litigation lawyers describe the personal damage of handling disputes
(DBN)

____________

Retailing:

American retail as we know it is dying — and now these industries are taking over
(DBN)

Bankruptcy Court Rejects 'Flawed' Sale of Family Christian Stores Family Christian Stores' sale to 'indisputable insider' rejected by bankruptcy judge
(DBN)

Former RadioShack Moves Toward Final Reckoning in Bankruptcy
(DBN)

There's Still $43 Million In Outstanding RadioShack Gift Cards
(DBN)

Hilco Merchant Resources & Gordon Brothers Group to Close Anna's Linens Stores
(DBN)

____________

Sovereigns:

Ukraine to offer updated restructuring proposal to creditors Ukraine to halt payments if creditors shun "last chance" debt offer
(DBN)

____________

UK:

Property Raids by U.K. Tax Agency Soar in Clampdown on Evasion
(DBN)

____________

PIIGS:

Greek endgame: Who’s meeting and when, on Monday Why Monday summit won’t be ‘final step’ Greece set for crunch talks to avoid default
(DBN)

Greece and eurozone leaders in last-ditch scramble to reach deal Larry Summers wrote the scariest op-ed you'll read this month Analysts assess chances of Greek deal Behind the scenes, Greece and creditors push for breakthrough Everything you need to know about why Greece might leave the euro Greece's Varoufakis says Merkel faces "stark choice" at Monday meeting Merkel's Bavarian allies urge tough line with Greece Any Greece deal must match party manifesto, minister says Greek PM says rejects tax hike on electricity Greece offers new proposals ahead of emergency summit British banks slash exposure to Athens over bankruptcy and Grexit fears It's make or break time in Europe for the Greek debt crisis Greeks prepare for EU exit with cautious 'bank walk' Greek Bank Run Accelerates; Emergency Assistance Called For Greece and its creditors are dangerously close to getting what neither side wants With Greece on the brink, let's remember what happened when Cyprus' banks shut down The ghost of Argentina is haunting Greek debt talks Washington fears losing Greece to Moscow Kremlin: Russian loan not discussed in Tsipras-Putin talks Greeks Demonstrate They Want to Stay in Eurozone Why the state of Greek hospitals tell us the drachma could be coming Greece: Dispatches from the brink This is the human toll of the Greek debt crisis Greece – five pictures of a troubled country
(DBN)

Affluent Greeks fret as they teeter on the edge
(DBN)

92 Nama debtors owing €11bn declared bankrupt
(DBN)

____________

Canada:

The Bay goes global with big gamble on Galeria Kaufhof
(DBN)

Canada’s Rogers, Telus Said to Compete to Acquire Mobilicity
(DBN)

Dust from abandoned Cliffs' mine casts pall over eastern Canadian town
(DBN)

____________

Russia:

Mikhail Khodorkovsky Duns Russia For $50 billion Awarded By Arbitration Court
(DBN)

Belgium to unblock frozen Russian diplomatic accounts
(DBN)

____________

Romania:

Romania's President signs personal insolvency law
(DBN)

____________

China:

China copper smelter faces new risk over restructuring
(DBN)

Asia Workouts Expected to Increase on Slowing Chinese Economy: Survey
(DBN)

Chinese Billionaire's Solar Bet Sours
(DBN)

____________

Malaysia:

Bankruptcy Inevitable For Najib's 1MDB: Investors on alert for massive govt bailout
(DBN)

____________

Australia:

Creditors say FFA must ‘play fair’ on Jets debts
(DBN)

____________

Brazil:

Brazil Probe Sweeps Up Corporate Magnates Brazil Banks Said to Need Provision Boost After Odebrecht Arrest
(DBN)

Brazil's OAS unveils restructuring plan ahead of deadline
(DBN)

____________

Iceland:

The ABCs Of The Capital Controls: What’s The Plan?
(DBN)

____________

 


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