March 11, 2015

The Daily Bankruptcy News

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Law:

'In 3 years, a top law school will close'
(DBN)

Why time law school? Value of law degree drops only $30K in bad vs. good economy, study says
(DBN)

2016 U.S. News Law School Ranking: the Highlights --- Open Thread: 2016 U.S. News Law School Rankings (1 – 14)
(DBN)

The 11 most famous graduates of Yale Law School, the best law school in America
(DBN)

U.S. News Ranking Cracks Down on Law-School Patronage
(DBN)

Legal Education: What's Wrong With It, And How Do We Fix It?
(DBN)

Cozen O’Connor Expands Bankruptcy Practice with Hiring of Schmidt
(DBN)

A possible trend? Some law firms are expanding leadership positions, consultants say
(DBN)

Business of Law
(DBN)

Mass hires: Pillsbury sees partners start to move to Winston & Strawn across three offices
(DBN)

Beyond Biglaw: The Wisdom of Age
(DBN)

Hagens Berman argument ‘gives new meaning to frivolous,’ judge says; sanctions imposed
(DBN)

10 things the Apple Watch can do that Google's Android Wear watches can't --- A watch expert thinks the Apple Watch will be the number one watch in the world by the year's end --- App developers aren't quite sure what to do with the Apple Watch --- The Apple Watch only has a tiny amount of storage --- Is The New Apple Watch A Gimmick Or Useful Technology?
(DBN)

12 things successful people never reveal about themselves at work
(DBN)

Lawyer not liable in slaying of PI killed while trying to serve divorce papers, top state court says
(DBN)

Judge says man can’t smoke in his own home due to neighbor’s 2nd-hand smoke concerns
(DBN)

Guy Throws His Eyeball At Lawyer
(DBN)

Teen Burglars Mistook Cremated Remains For Cocaine
(DBN)

Law school celebrates dog's graduation
(DBN)

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Judges:

Female SCOTUS justices are portrayed in LEGO form
(DBN)

BK MA: Judge Hoffman Wants To Know What You Think
(DBN)

Courts See More Lawsuits, Fewer Criminal Defendants in 2014
(DBN)

Judge allowed p---- switch cover even after complaint
(DBN)

Ferguson judge resigns after DOJ report; Missouri appeals judge will take over municipal docket
(DBN)

Judge Posner Schools Colleagues On Marriage, Basic Logic
(DBN)

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Wall Street:

Futures claw back some ground after Wall Street meltdown
(DBN)

U.S. Stocks Tumble
(DBN)

Tues. P.M.: Dow, S&P 500 in the red for 2015
(DBN)

Wall St slumps 1 percent as dollar strengthens
(DBN)

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Layoffs:

Target puts number on layoffs: 1700 --- In addition to the job cuts, Target says that it won't fill 1400 open jobs.
(DBN)

The new Credit Suisse boss could ax 2,900 investment bank jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Ira Rennert, in another legal jam, allegedly stiffed steelworkers
(DBN)

Convicted Sacramento Businessman Ordered to Pay More Than $108 Million in Restitution in Decade-Long Scheme
(DBN)

Litigant who claimed he owned half of Facebook disappears ahead of fraud trial
(DBN)

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Finance:

When Is a Prepayment Premium Not a Prepayment Premium?
(DBN)

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Religion:

Sex abuse survivors could be compensated after recent ruling in Archdiocese of Milwaukee bankruptcy case
(DBN)

Court: Milwaukee archdiocese can't use First Amendment to protect against claims in bankruptcy
(DBN)

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Mining:

Allied Nevada Gold Files for Chapter 11 Bankruptcy Protection
(DBN)

Cliffs Natural Resources shares downgraded
(DBN)

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Student Debt:

The Average Student Debt Load in D.C. is a Whopping $40,885
(DBN)

Student Aid Bill Of Rights Aims To Overhaul Federal Student Loan Repayment, Servicing Process --- What Obama’s ‘Student Aid Bill of Rights’ Will — and Won’t — Do
(DBN)

Mark Cuban: Forgiving $1 trillion in student debt is the worst thing we could do
(DBN)

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Aviation:

US Airlines Expecting Highest Passenger Numbers in 7 Years
(DBN)

Ovidiu Tender's Ten Airways airline goes bankrupt
(DBN)

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Autos:

 

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Celebs:

'RHONJ' Joe Guidice Turns Into MR. MOM: Melissa Gorga Reveals Details Of Life Without Jailed Wife Teresa
(DBN)

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Gambling:

Despite Help From Las Vegas, MGM Resorts International Gets Bad News
(DBN)

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Coal:

Peabody Energy slumps after Jefferies downgrade
(DBN)

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Accounting:

Freddie Mac to Seek Punitive Damages in Deloitte Lawsuit, Report
(DBN)

____________


Economy:

US wholesale inventories up, sales post largest drop since 2009
(DBN)

NFIB Small Business Optimism rises less than forecast in February
(DBN)

CBO: Long Term Debt Poses “Serious Negative Consequences”
(DBN)

More Americans are quitting their jobs, and that's a good thing --- Job openings at 14-year high, but hiring slows
(DBN)

The state of every US state economy in 6 maps
(DBN)

6.5 Million Social Security Numbers Linked To Those 112 Or Older
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Senate should pass bill to give relief to underwater homeowners
(DBN)

Lease Claims: You Snooze, You Lose
(DBN)

Revel Asset Sale Raises Important Distressed Real Estate Issue
(DBN)

Mortgage applications slip slightly in first week of March
(DBN)

Phoenix Real Estate in February: Sales Up 9%, Inventory DOWN 8% Year-over-year
(DBN)

Las Vegas Real Estate in February: Sales Decline 2.6%, Non-contingent Inventory up 16% YoY
(DBN)

FNC: Residential Property Values increased 4.3% year-over-year in January
(DBN)

Sunnier Consumer Outlook May Bolster U.S. Housing in 2015
(DBN)

Bankruptcy Demystified
(DBN)

Suit: Firm in nail-gun suicide wrongly collected before creditors
(DBN)

____________

Municipalities:

Detroit Comeback Derailed as Taxes Kill Homeowner Dreams
(DBN)

Pennsylvania lawmakers get warned on Scranton's pension debt
(DBN)

The “clawback” and more for Detroit’s retirees
(DBN)

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Oil/Gas:

US oil regions are bracing for more bankruptcies
(DBN)

Weds. A.M.: Brent oil hits one-month low below $56 on dollar rally --- Oil futures rebound ahead of US oil stockpile data
(DBN)

Tues. A.M.: Oil Prices Weaken on Supply Expectations --- Oil price rally waning, though WTI holding strong
(DBN)

Oil and gas company Chevron responds to falling oil prices by cutting spending and costs
(DBN)

US shale producers sell shares to cover debt
(DBN)

Dollar Drubbing Oil
(DBN)

U.S. Shale Oil Growth Slows as Price Idles Drill Rigs --- OPEC Boasts About Pain In U.S. Shale --- Saudi King: We're Looking for More Oil
(DBN)

Saudi Exec Expects $1 Trillion Drop In Energy Investments
(DBN)

Chevron to sell $15 billion of assets, cut spending amid price slump
(DBN)

If you were thinking of leasing a supertanker to hoard oil and sell it in the future for a profit, scrap that idea
(DBN)

OPEC keeping oil policy unless others cut, former energy minister says
(DBN)

Junk Bond Investors Get Primed at the Oil Pump --- Energy junk bonds swell by $30 billion on downgrades
(DBN)

Peru-focused BPZ files for bankruptcy in US courts
(DBN)

Colombia gets crude awakening as oil price slump hits economy
(DBN)

Jobs lost as Reef Subsea UK enters administration
(DBN)

____________

Electricity:

Energy Future Wins Approval to Pay Off Up to $750 Million in Debt
(DBN)

____________

Television:

Aereo's Failed Auction Blamed on Broadcasters in N.Y. Suit --- Aereo Accuses Broadcasters of Chilling Bidding in Asset Sale
(DBN)

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Asset Protection:

'Inherited' IRAs Can Still Be Protected in Bankruptcy
(DBN)

____________

Healthcare:

Prime Healthcare deal for 6 hospitals collapses; bankruptcy is an option --- Prime Healthcare passes on Daughters of Charity deal --- Prime Healthcare pulls offer for ailing California hospital chain
(DBN)

Daughters of Charity CEO Robert Issai: Prime Healthcare Services "left us at the altar"
(DBN)

Prime Healthcare: villain or victim in Daughters of Charity story?
(DBN)

San Pablo: City holding special meeting on Doctors Medical Center real estate
(DBN)

OhioHealth's aggressive billing called into question
(DBN)

____________

Politics:

Cyber expert: Hillary's press conference did not inspire confidence --- Experts are skeptical that Hillary Clinton's 'homebrew' email server could withstand cyberattacks
(DBN)

____________

Telecoms:

Solus Bids to Buy $500 Million of Ergen LightSquared Loan
(DBN)

Ping-pong sueballs: Bankruptcy dogs LightSquared's chances
(DBN)

____________

Hotels:

Hotel near Wright-Patt to restructure with bankruptcy
(DBN)

____________

Pensions:

CalPERS Seeks To Escape Fiscal Reality Of Failing Pensions
(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 (36 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:

Return of the Turnaround? | 2015 North American Restructuring Experts Survey Results --- AlixPartners Survey Points to an Increase in Chapter 11 Business Filings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

White House Studying New Bankruptcy Options for Student-Loan Borrowers
(DBN)

5 Things to Know About Bankruptcy and Student Loans
(DBN)

Bankruptcy Lawyers Cheer White House Focus on Student Debt
(DBN)

___________

Involuntary Bankruptcy:

Miami businessman wins $1M judgment against bank that improperly forced his company into bankruptcy
(DBN)

____________

Plan Confirmation:

Del. District Court Upholds Use of Pre-Confirmation Tender Offers
(DBN)

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Professional Compensation:

Baker Botts Tries to Convince Supreme Court It Deserves 'Fees on Fees on Fees'
(DBN)

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Recent Pleadings:

 

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TBTF:

The Little Bill that Could Take Down TBTF
(DBN)

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Private Equity:

Former Top WL Ross Executive Sues Private Equity Firm
(DBN)

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Flooring:

5 questions Lumber Liquidators must answer
(DBN)

Why Lumber Liquidators Is Heading Towards Bankruptcy
(DBN)

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Personal Finance:

7 stupid beliefs even the smartest people have about money
(DBN)

___________

Indentures:

The Trust Indenture Act's New Relevance to Out-of-Court Restructurings
(DBN)

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Bankruptcy Crimes:

Middleton man indicted for alleged bankruptcy fraud
(DBN)

____________

UK:

Challenge to Time Costs Goes into Overtime
(DBN)

To be or not to be insolvent?
(DBN)

No-one to quit at HSBC despite scandal
(DBN)

Lawyer highlights bankruptcy law changes in October
(DBN)

____________

EU:

Dougan Latest Chief to Go as Europe's Banks Seek Profit
(DBN)

Draghi Has Investors Flagging Risks as They Buy
(DBN)

The euro just tumbled to another 12-year low
(DBN)

____________

PIIGS:

Greek Alternative Reality Clashes With Euro Area Losing Patience
(DBN)

The Greek government is trying to raid social security funds for cash to pay its bills
(DBN)

ie: What repossessions data tells us about how banks operate? --- Howlin lashes the banks for insolvency conduct
(DBN)

____________

Canada:

Canada Stocks Fall to January Low on Commodities, Banks
(DBN)

____________

Austria:

Carinthia Prepares for Insolvency, Seeks Credit Through Treasury
(DBN)

Austria's financial watchdog says Heta insolvency on table
(DBN)

____________

India:

Our bankruptcy laws are a mess
(DBN)

____________

Brazil:

Missing cash marks fresh blow to Eike Batista trial --- Cash taken from Eike Batista's house in a police raid is now missing
(DBN)

Brazil's Crash Landing: Corruption Engulfs Petrobras Amid Economic Contraction And Rising Inflation
(DBN)

____________

China:

Chinese shoemaker Ultrasonic to file for insolvency
(DBN)

China economic data weaker than expected, fuels policy easing bets --- China data point to sharper slowdown
(DBN)

Bondholders plot to get better restructuring terms from China's Kaisa
(DBN)

____________

Lithuania:

30% more Lithuanian companies went bankrupt in February
(DBN)

____________

Russia:

Britain may broadcast Putin's financial secrets to Russia
(DBN)

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