May 21, 2015

The Daily Bankruptcy News

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Law:

Struggling Law Firms and the Lateral Partner Feast
(DBN)

What In-House Counsel Want From Law Firm Partners
(DBN)

Failed foreclosure firm that ‘grew way too fast’ leaves some 700 unpaid employees scrambling
(DBN)

Captain Kirk Stars In Local Law Firm Ad
(DBN)

Are Housewives with JDs or MBAs Getting Bonuses?
(DBN)

Large Firm Unexpectedly Closes Its Doors, Leaves Nearly 700 Jobless
(DBN)

Law School Entry-Level Faculty Hiring Down Only 4%
(DBN)

Hinshaw & Culbertson to Reduce Space, Improve Efficiency in Chicago
(DBN)

MetLife GC: Law Firms Still Failing on Diversity
(DBN)

The 100 Best Law Firms For Minority Attorneys
(DBN)

Elizabeth Wurtzel on Big Law’s Gender Problem
(DBN)

Quinn Emanuel and Boies Schiller Team Up
(DBN)

Does It Have To Be About Marketing?
(DBN)

alt.legal: Leaving Law Behind. Sort Of.
(DBN)

Leaders of top 15 most profitable law firms aren’t on Twitter
(DBN)

Facing Sanctions, Law Firm Tries To Block Court-Ordered Interviews With Clients
(DBN)

Newt Gingrich will join the world’s largest law firm
(DBN)

Biglaw Mommy: Pick Your Poison Childcare
(DBN)

More Law Schools Drop the LSAT for Top Applicants
(DBN)

Civil Rights Attorney Begs Court To Let Her Die With Dignity
(DBN)

6 proven ways to win an argument
(DBN)

Here's exactly when you should 'cc' someone on email
(DBN)

11 critical things ultra-productive people do differently
(DBN)

Defendant Brings Stuffed Animal To Court — To Be His Lawyer
(DBN)

Mass Roundup of TX Bikers Strains Court System
(DBN)

London judge sides with divorcing US lawyer in battle over baby grand piano
(DBN)

Lawyer’s suit claims jail officer’s upskirt search with metal-detecting wand amounted to assault
(DBN)

Accused art scammer is convicted after bizarre trial; dismissed juror has screaming fit about Nazis
(DBN)

Anti-gay pastor quits after soliciting men
(DBN)

Bill O'Reilly accused of choking his ex-wife, dragging her down the stairs
(DBN)

Latest on Waco Shooting: Guns, Guns, Guns
(DBN)

Aaron Hernandez Already in Trouble at Prison
(DBN)

Why Cops Keep Killing Unarmed Black Men
(DBN)

Bobby Jindal plans to issue an executive order enforcing intent of anti-gay marriage religious freedom bill
(DBN)

Can You Sue the Boss for Making You Answer Late-Night Email?
(DBN)

Lawyer’s skull and crossbones logo gets her evicted
(DBN)

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Judges:

Faced With Legal Puzzles, Judges Often Turn to Fellow Jurists
(DBN)

Panel: Fine judge $50K for scuffle with public defender, but claimed punch in face was not proven
(DBN)

Want to be called ‘Your Honor?’ You may have to wait for that Senate Has Confirmed Just Two Judges in 2015
(DBN)

Judge accused of harassment, state asks to be declared not responsible
(DBN)

Kansas bill would defund courts if law on selection of chief judges is overturned
(DBN)

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Wall Street:

U.S. Stock -Index Futures Retreat Before Labor, Housing Reports
(DBN)

World stock markets uneven after weak China data
(DBN)

Stocks fall from highs, end mixed after Fed minutes
(DBN)

Wall Street Is So Corrupt It Thinks It Has To Be
(DBN)

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Layoffs:

NetApp plans to lay off 500 workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Furniture:

Mastercraft Furniture Files For Bankruptcy
(DBN)

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Retailing:

US judge rules RadioShack IP auction was fair RadioShack Gets Approval to Sell Name, Customer Information
(DBN)

Radio Shack Still Owes Makers Money
(DBN)

Target gains as profit rises more than forecast
(DBN)

Sears Holdings Corp Bankrupt By 2020? Sears Canada loses $59.1 million in Q1
(DBN)

Why American Eagle Outfitters is optimistic about its chances in a tough sector
(DBN)

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Student Debt:

One chart that shows how student debt can devastate retirement savings
(DBN)

A little relief for student loan borrowers
(DBN)

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Politics:

America’s Self-Inflicted Wounds
(DBN)

Obama shows his ugly side to his party How "secrecy" is hurting Obama's trade deal Broad Coalition Rallies to Defeat Obama on Trade Deal
(DBN)

Fact Check - Hillary: Hedge fund managers "pay less in taxes than nurses and truck drivers."
(DBN)

Fact Check - Ted Cruz: "Every year we spend roughly $500 billion on tax compliance"
(DBN)

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Derivatives:

Can ISDA’s Close-out Protocol Stay the Next Lehman Brothers?
(DBN)

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Mining:

Mining Bankruptcies Yield Roles for Davis Polk, Kirkland
(DBN)

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Healthcare:

El Paso Children's Hospital accuses UMC of siphoning funds
(DBN)

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Fraud:

Unwitting transfers to Ponzi schemes
(DBN)

The Seedy, Profitable World of Scam Medical Charities
(DBN)

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Celebs:

Wyly Wins Court Approval of Procedure to Sell Colorado Ranch
(DBN)

Girls Gone Wild founder faces arrest
(DBN)

Randy Quaid Released from Montreal Jail
(DBN)

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Personal Finance:

Here's How Much Money You Should Save Based On Your Income
(DBN)

17 clever Father's Day gifts under $50
(DBN)

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Pensions:

Teamsters spend big on politics while preparing to cut pensions
(DBN)

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Shipping:

Aegean Looking to Recover 2.3 Million from OW Bunker Deals
(DBN)

ABG Shipyard shares fall 20% on loan default concerns
(DBN)

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Religion:

au: Abuse victims seeking compensation told Catholic Church would endure long after they died, royal commission hears
(DBN)

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Amusement Parks:

Many details still to work out as Conneaut Lake Park opens Friday
(DBN)

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Economy:

Fed: Weakness 'transitory,' but no June rate hike A New, Lower Normal for Fed Rates? Fed Officials’ Lively Debate
(DBN)

Summers: Economic Growth Not Inspiring
(DBN)

Credit Card Debt and Delinquency Rates Remain Steady
(DBN)

The unemployed are dropping out like flies
(DBN)

Economy is Still Terrible for Young People
(DBN)

The Fed will raise rates this year: Bob Doll
(DBN)

Wealth gap widens in developed world Global watchdog warns on economic cost of rising inequality Temporary and part-time jobs surge promotes inequality, says OECD US and Israel have worst inequality in the world
(DBN)

Minimum wage workers can’t afford rent
(DBN)

Americans don't have enough money for an emergency
(DBN)

Link between spending and income is loose
(DBN)

LA raises wages to $15, pressure on other cities
(DBN)

Half of new college grads expect parental support
(DBN)

App Based On-Demand Workers Struggle
(DBN)

Recession still choking US economy
(DBN)

Weak China factories chill hopes for global bounce, U.S. lift needed
(DBN)

Ex-CBO Head Explains How Bad It Can Get
(DBN)

Obama may have torpedoed the biggest economic story of the year with this sentence
(DBN)

Which States’ Tax Laws Widen Inequality
(DBN)

The Price of Postponing Kids: For Some, Costly IVF and a Bundle of Debt
(DBN)

So, it looks like there's a problem with how the government calculates GDP
(DBN)

One of the only ways to get really, really rich
(DBN)

America's 10 fastest-growing big companies
(DBN)

Goldman Sachs slashes commodities rating
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosure activity jumps to highest level in 18 months
(DBN)

California home sales up 9%
(DBN)

AIA: Architecture Billings Index declined in April
(DBN)

Mortgage applications drop for another week
(DBN)

Trespass And Other Claims: Ever Wonder If Litigation Is Worth It?
(DBN)

Studio City Gas Leak Scare Caused By Suicidal Man Angered Over Foreclosure
(DBN)

Silicon Valley's housing nightmare is breeding absurd assumptions and unrealistic solutions San Francisco’s housing boom has gotten over-the-top crazy
(DBN)

Auction set to settle judgment against Ronald Cohen affiliates. Cohen says that's not likely to happen
(DBN)

Judge orders Colony board to fix units
(DBN)

FL: 9 Investigates homestead exemption cheats
(DBN)

Muskegon's historic Amazon apartment building in bankruptcy, stays open
(DBN)

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Municipalities:

New Jersey gives Atlantic City another financial lifeline Atlantic City borrows at high rates to pay off state loan
(DBN)

A Looming Crisis: Illinois Supreme Court Strikes Down Statute Reducing Benefits
(DBN)

City Treasurer Kurt Summers on How to Save Chicago From Bankruptcy Chicago Isn’t the Next Detroit, Says Schwab
(DBN)

Dems holding back Illinois $$ reform: Lawmaker
(DBN)

Proposed Illinois law would allow government bodies to declare bankruptcy
(DBN)

A Debt-Ratings Rift Rattles Chicago
(DBN)

Here's another big sign that Chicago's public schools are a complete mess
(DBN)

Paterson escapes possible default with emergency steps on $18.5M in debt due next month
(DBN)

Hedge Fund Vultures to the Rescue in Puerto Rico Puerto Rico gov files $9.8B budget that calls for deep cuts Why Every American Should Care About Puerto Rico's Austerity Crisis Bankruptcy Protection, Not A Taxpayer Bailout For Puerto Rico
(DBN)

Detroit's population loss slows; some suburbs see gains
(DBN)

San Bernardino bankruptcy lesson: No one wins when a city goes broke Privatization and the future of San Bernardino
(DBN)

For Many States the Recession Never Ended
(DBN)

How cities are starting to turn back decades of creeping urban blight
(DBN)

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Oil/Gas:

Oil up on third weekly US inventory draw; dollar limits gains Goldman Sachs Doubling Down On Failed Gas Price Prediction
(DBN)

Moody's Predicts Big Jump in Oil and Gas Defaults Moody’s forecast darkens for debt-laden U.S. producers Moody's: Upstream defaults could double
(DBN)

'Shale-ionaires' Suffering from Wave of Bankrupt Oil Drillers
(DBN)

Why Shale Gas Producers Could Rebound First
(DBN)

OPEC Struggling To Keep Up The Pace In Oil Price War
(DBN)

M&A To Take Front Seat In Oil Industry
(DBN)

Quicksilver Resources posts $115M loss with no quick exit from chapter 11 bankruptcy
(DBN)

Second Fort Worth oil and gas firm seeks bankruptcy protection
(DBN)

Hercules sells four rigs as Gulf drilling work disappears
(DBN)

Transocean idles three more rigs amid crude slump
(DBN)

Why many experts missed this: Cheap oil can hurt US economy
(DBN)

Crude slump leads to big profits for refiners
(DBN)

Norway’s prime minister relieved as nation avoids crisis of sub-$45 crude
(DBN)

Oil Shock to Take Years to Work Itself Out
(DBN)

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Corporate Reform:

Major banks admit guilt in forex probe, fined $6 billion How ‘cartel’ rigged the currency market Giant $5.6 Billion Bank Fines Pave Way for Clients to Sue
(DBN)

DOJ Cites 'Breathtaking Flagrancy' in Charges Against Five Banks
(DBN)

Once-Unthinkable Criminal Pleas by U.S. Banks Get Investor ‘Meh’
(DBN)

U.S. Prosecutors Can Hang Felonies on Big Banks: Now What?
(DBN)

Guilty Pleas and Heavy Fines Seem to Be Cost of Business for Wall St.
(DBN)

Benjamin Lawsky to step down as top NY financial regulator
(DBN)

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Healthcare:

EPCH decision to file bankruptcy could hurt physician recruitment Children's Hospital physicians speak out EPCH uncertain of how bankruptcy filing will impact recruitment Children's hospital bankruptcy complaint details disagreement Two other members resign from El Paso Children's Hospital Board of Directors
(DBN)

Lahey Health cutting 130 on workforce
(DBN)

HealthPlus of Michigan to lay off 500, sell contracts
(DBN)

Health insurance plans are getting crummier, and these charts prove it
(DBN)

US Underinsured Population Doubles to 31M
(DBN)

65-Year-Old Woman Gives Birth To Healthy Baby Boy
(DBN)

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Aviation:

Airline Rally Unwinding as American Air Spurs Price War Selloff
(DBN)

Slower consumer spending hurts airlines
(DBN)

Southwest’s growth plans stir airline stocks
(DBN)

Fort Worth mayor sides with American, Delta, United airlines in Open Skies dispute US regulators decline to curb expansion of Gulf airlines over subsidy row
(DBN)

Brazil Airlines Covet Europe With Tam Hub, Bids for Bankrupt TAP
(DBN)

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Privacy:

Dollar Value of Data: RadioShack, Other Bankrupt Firms Auction Customer Data to Pay Debt
(DBN)

Judge won't reopen RadioShack intellectual property auction Radio Shack Agrees To Protect Consumer Data RadioShack won’t keep your numbers, says settlement with states RadioShack Sells Customer Data After Settling With States
(DBN)

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Gambling:

Pickets, Bankruptcy Greet Atlantic City Casinos for Summer
(DBN)

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New Bankruptcy Opinions
(3 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 (3 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)

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Bankruptcy Statistics:

Study: Bankruptcies soar for senior citizens
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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UST:

Republican Lawmaker Blasts U.S. Trustee Program Over Donation
(DBN)

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Trust Indentures:

Trust Indenture Act of 1939: A Sleeping Statute Comes Back to Life
(DBN)

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Critical Vendors:

Judge Sheri Bluebond Opines On Critical Vendor Motions
(DBN)

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Plan Confirmation:

Decision Approves Cramdown of Secured Creditors in Chapter 11 With Sub-Market Interest Rate And Disallows Lender's Make-Whole Premium
(DBN)

Soliciting a Chapter 11 Plan: Publicly Traded Securities
(DBN)

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Property of the Estate:

We Work Hard For the Money: Supreme Court Rules That A Debtor Who Converts From Chapter 13 To Chapter 7 Is Entitled to Any Postpetition Wages Held by the Chapter 13 Trustee At The Time of Conversion
(DBN)

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Bankruptcy Rules:

BK ED MI Seeks Comments On Proposed Local Rule Revisions
(DBN)

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Bankruptcy Reform:

Overview and Analysis of Select Provisions of the ABI Chapter 11 Reform Commission Final Report and Recommendations (Part 3)
(DBN)

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Tax:

IRS Substitute For Return (SFR) Isn’t Always Dischargeable
(DBN)

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Insurance:

Subsidiaries of Life Partners Holdings, Inc. File for Chapter 11 Bankruptcy Protection
(DBN)

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History:

Bankruptcy Discharge and the Emergence of Debtor Rights in Eighteenth Century England
(DBN)

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Politics:

Obama shows his ugly side to his party: Delamaide
(DBN)

I've Read Obama's Secret Trade Deal. It's Worse Than Thought
(DBN)

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Guns:

TrackingPoint, the rifle manufacturer, may be bankrupt
(DBN)

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Mass Torts:

Previously sealed Garlock bankruptcy record now available online The Documents
(DBN)

Federal Bankruptcy Judge Henry J. Boroff Praises $200 Million Settlement for Victims of NECC Meningitis Outbreak
(DBN)

BP settles oil spill-related claims with Halliburton, Transocean
(DBN)

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Weather:

California water cuts move to those with century-old rights
(DBN)

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Coal:

Coal Is Doomed Even If It Wins Against EPA In Courts
(DBN)

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Environmental:

Freedom execs waive right to attend hearing
(DBN)

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Bankruptcy Crimes:

FBI: Woodstock Woman Pleads Guilty to False Statements in Bankruptcy
(DBN)

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Sovereigns:

BofA Tells Bond Buyers: Singer Won't Block This Argentina Payout
(DBN)

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UK:

UK Court of Appeal judgment in Lehman Waterfall I appeal
(DBN)

Bankruptcy Stats released
(DBN)

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EU:

Euro-Area Recovery Stutters as German Growth Loses Momentum
(DBN)

There may be a simple, overlooked reason for the EU bond meltdown
(DBN)

Eurozone growth slows in May, PMIs show European stocks slip after soft PMI data
(DBN)

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PIIGS:

Greece says it will default in June without aid from lenders Here's what Greece needs to fix now A Finance Minister Fit for a Greek Tragedy? ‘High likelihood’ of Greek capital controls: Moody’s Why Does Greece Not Simply Default? Greece should quit euro 'temporarily': Ifo's Sinn Germany's Schaeuble says he doesn't rule out a Greek bankruptcy Greek Debt: What Is an 'Honest Deal'?
(DBN)

Portuguese Politicians Turn a Deaf Ear to IMF
(DBN)

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Canada:

Six Reasons You Should Be Paying More Attention to Canada
(DBN)

3 Key Numbers for Cliffs Natural Resources
(DBN)

Brampton woman facing fraud charges in bankruptcy probe
(DBN)

Secret US Steel deal with Ottawa to stay sealed
(DBN)

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France:

French municipality is bankrupt with 13 million euros of debt
(DBN)

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Cyprus:

Creditors to help Cyprus with foreclosures, bankruptcies
(DBN)

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China:

A 24-Minute, $19 Billion Wipeout Threatens a Chinese Company's Solar Dream
(DBN)

China's factory activity shrinks for third month
(DBN)

Desperate Chinese Commit Mass Suicide
(DBN)

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Hong Kong:

Chaos In Hong Kong: Another billionaire's fortune is being wiped out right now
(DBN)

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Romania:

Number of insolvencies, down by half in Romania
(DBN)

Romania adopts personal insolvency law
(DBN)

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Serbia:

Large number of enterprises in privatization to go bankrupt
(DBN)

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Nigeria:

Rethinking Business Rescue in Nigeria: Borrowing Virtues from Chapter 11 of the US Bankruptcy Code
(DBN)

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