October 29, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

As Bankruptcy Filings Fall, Big Firms Forge Path Through Slowdown
(DBN)

Associate Bonus Watch: It’s A ‘Sin’ To Make This Much Money
(DBN)

Do Associate Bonuses Create Perverse Incentives?
(DBN)

Latham & Watkins Names New Bankruptcy Partners
(DBN)

Cleary Gottlieb Names New Restructuring Partner, Counsel
(DBN)

An Interview with Sharon Levine of Lowenstein Sandler
(DBN)

Cleary Gottlieb builds up counsel numbers but plays safe on partners
(DBN)

Firms Still Reviewing Strategy in Wake of Recession, Clients Want to See More
(DBN)

Layoff Watch: More Lawyer Jobs Slashed Due To Weak Market
(DBN)

No ‘Appreciable Progress’ for Women in Partnership Ranks
(DBN)

Law Firms Risk Replacement as Boards Focus on Cybersecurity
(DBN)

Corporate Counsel to Outside Firms: Get With the Tech or Else
(DBN)

Five practical tips on how to network
(DBN)

Need a Lawyer? Legal Ads Are Proliferating, Says New Report This law firm will spend more than $25M in legal advertising this year, report says A Dubious Legal Distinction
(DBN)

Is Legal Scholarship Barren of Meaning?
(DBN)

Don’t Baby Law School Applicants
(DBN)

An Inside Look At A T14 Law School’s Unemployment Rate
(DBN)

NY Times Has Pulled A Loose Thread On The Legal Education Establishment’s Sweater
(DBN)

‘Grow’ your law school? The what, why and whether of Denver Law
(DBN)

University of West Los Angeles School of Law Granted Re-Accreditation by California State Bar
(DBN)

Baker & Hostetler's Madoff Tab Tops $715 Million
(DBN)

The Bonfire Of The Vanities: A Conversation With Preet Bharara And Tom Wolfe
(DBN)

When Your Career Is On The Chopping Block
(DBN)

Smart-dressing law student slams ‘tracksuit slob’ classmates for judging her
(DBN)

Downsized In-House Legal Department Works For Lear - Could Be Hybrid Model For Future Lear GC explains why legal team is getting smaller
(DBN)

4 Rules Entrepreneurs Should Understand Before Pitching Their Products To Attorneys
(DBN)

Mysterious barrister lifts lid on cocaine-fueled life at the bar
(DBN)

Former House Speaker Dennis Hastert Pleads Guilty
(DBN)

S.C. officer fired after throwing student across classroom Students called South Carolina cop filmed attacking girl ‘Officer Slam’ Another Lesson in Race, Policing and Mistrust
(DBN)

Judge Dismisses Case Against ‘Drone Slayer’ Who Shot Down Drone From Back Porch
(DBN)

Criminal lawyer accused of charging clients $1M for ‘guaranteed’ dismissals gets 15 years
(DBN)

??????????
(DBN)

A D.C. cop tried to break up a group of teens. It ended in an impressive dance-off.
(DBN)

St. Louis Prosecutor Pleads Guilty To Covering Up Police Brutality
(DBN)

Using taxi as getaway car points police to bank robbery suspect
(DBN)

Hackers Threaten to Release KKK Names
(DBN)

Hasbro Says Toy Hamster Looks Nothing Like Fox News Anchor
(DBN)

Sometimes DNA Evidence Lies
(DBN)

Woman Molested During Flight From Dubai
(DBN)

______________

Judges:

Ex-Detroit bankruptcy judge to mediate VW suits
(DBN)

Judge Kathryn C. Ferguson Becomes the 6th Chief Bankruptcy Judge for the District of New Jersey
(DBN)

Justice Ginsburg's Warning To A Dysfunctional Nation
(DBN)

A Discussion With Judge Andrew B. Altenburg
(DBN)

Public officials with moral qualms about laws should resign or enforce the law, Justice Kennedy says
(DBN)

New Legally Blonde film could feature Elle Woods as a Supreme Court judge
(DBN)

______________

Wall Street:

Stock futures stumble
(DBN)

Wall Street climbs after Fed in volatile trading
(DBN)

______________

Layoffs:

Deutsche Bank to cut 35,000 jobs in shake-up
(DBN)

A&P notifies state of layoffs at Montvale corporate headquarters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Student Debt:

The Effect of Switching from a Brunner to a Totality Test for Student Loan Bankruptcy
(DBN)

Interview With Student Loan Activist Alan Collinge On Bankruptcy Protection
(DBN)

Budget bill rider would allow student debt collectors to robocall your cellphone
(DBN)

____________

Celebs:

5 Famous NFL Players Who Lost Their Fortunes
(DBN)

Dykstra Admits Extorting MLB Umpires
(DBN)

____________

Politics:

Republicans face off on taxes, gun-free zones GOP debate: Who won...and who lost Ted Cruz and Marco Rubio won the Republican debate Fact checking the CNBC GOP Presidential Debate GOP Debate: Fact-checking the candidates' claims Republican debate: CNN’s Reality Check team inspects the claims Insiders, outsiders stake claims in GOP presidential debate The third Republican presidential debate, explained All out war on CNBC Analysis: A Free for All GOP Debate
(DBN)

Carson, Trump will be center of attention at Republican debate These are the 3 enemies of the GOP debates thus far
(DBN)

Trump: I have no apology for bankruptcies Trump defends his Atlantic City tenure again at GOP debate Donald Trump: Boy am I good at solving debt problems Donald Trump's Logic: 4 Bankruptcies Show His Skill With Debt Trump: I carry a gun on occasion Trump to Iowa: ‘What the hell are you people doing to me?’ If Trump isn’t winning, he’s whining The Donald Has Filed For Bankruptcy Multiple Times. What's His Strategy, and What Can It Teach You? s CNBC Debate Will Be “Unfair” A Humbler Donald Trump Pleads With Iowans: 'I'm Not Leaving' The most interesting thing about Donald Trump's thoughts on tech is how boring they are Trump Fact Check: "I never said that" Marco Rubio was Mark Zuckerberg’s personal senator.
(DBN)

Why Hillary Clinton Is Rising in the Polls Now Ads Position Hillary Clinton as Champion of Working Women Hillary Clinton’s progressive problem: Explaining the past she can’t quite manage to escape What Hillary Clinton said on Stephen Colbert’s show, and what she might have meant
(DBN)

Top Bernie Sanders aides say Hillary would make a ‘great vice president’ Why millennials love Bernie Sanders, and why that may not be enough
(DBN)

Ben Carson believes the world was literally created in 6 days Ahead of debate, new spotlight on Carson reveals gaps in his platform Stop Losing to Ben Carson! What to Make of Carson's Surge Ben Carson, Beating All Comers Ben Carson Will Be Best-Liked Candidate on Debate Stage Ben Carson's disappearing act Carson Fact Check: Says he "didn’t have an involvement with" nutritional supplement company Mannatech. Ben Carson vs. Ben Carson
(DBN)

Third GOP Debate a New Shot for Carly Fiorina Fiorina adds detail to antiabortion story: Planned Parenthood Carly Fiorina's wildly misleading "92 percent" claim about women and jobs Carly Fiorina's controversial record as CEO, explained
(DBN)

Kasich indicates his GOP rivals Trump and Carson are crazy
(DBN)

It was not a good night for Jeb Bush ...
(DBN)

Florida Newspaper: Marco Rubio ‘Ripping Us Off’, Should Quit Senate Marco Rubio's $6 Trillion Problem
(DBN)

Ted Cruz is wrong about inflation
(DBN)

6 ‘presidential’ quotes Rand Paul totally made up
(DBN)

Charles Koch — oops! — praises Obamacare
(DBN)

As Speaker, Paul Ryan Can Finally Get Tax Overhaul Done
(DBN)

____________

Debt Collection:

Congress Set to Allow Robocalls to Cellphones
(DBN)

____________

Electricity:

Fees in Energy Future Holdings' Bankruptcy to Exceed $200M
(DBN)

____________

Economy:

FOMC Statement: No Rate Hike Fed leaves target interest rate at zero, but a December hike is still on table Complete text 4 Takeaways From the Fed's Announcement How Yellen got Fed doves to go along with hike hint
(DBN)

Krugman: Check Out Our Low, Low (Natural) Rates
(DBN)

Here's How You Know The Economy Is Not Growing Fast Enough
(DBN)

10 Charts on the Obama Economy
(DBN)

Parsing the Fed: How the October Statement Changed from September
(DBN)

Ben Bernanke reveals the biggest financial risk in the global economy
(DBN)

GOP Hopefuls Rail Against Debt-Ceiling Deal Budget deal will require 15 million older Americans to pay more for Medicare
(DBN)

CEOs have millions more put away for retirement than their workers Top execs have 900 times the average Joe’s savings
(DBN)

The Best and Worst Countries to Run a Business, According to the World Bank
(DBN)

Study: Millennial Small-Business Owners are Active Borrowers with High Delinquency Rates
(DBN)

Chart: Stop Complaining About Long Workweek
(DBN)

The Sharing Economy's Monopolies
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Ocwen posts big loss, erasing profits for 2015
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey, Purchase Applications up 23% YoY
(DBN)

WA: Brinkman files for bankruptcy
(DBN)

____________

Municipalities:

A Macabre Idea for Reviving the Puerto Rican Economy
(DBN)

Puerto Rico close to default precipice
(DBN)

Larry Summers: Puerto Rico is a test of whether financial interests control Washington
(DBN)

Obama Administration’s Legislative Proposal to Address Puerto Rico’s Fiscal Crisis
(DBN)

How the U.S. Should Fix Puerto Rico
(DBN)

Puerto Rico utility PREPA's bond insurers present terms -source
(DBN)

Puerto Rico Fiscal Crisis: Private Business Likely to Feel the Pinch
(DBN)

The 'Land of Lincoln' is still sinking
(DBN)

Puerto Rico's Debt Crisis Revives Debate on Statehood
(DBN)

Puerto Rico government bank that issues bonds announces drop in liquidity amid economic crisis
(DBN)

Puerto Rico Governor May Not Seek Re-Election, Report Says
(DBN)

Puerto Rico Default Won't Derail Market, Bond Insurer Says
(DBN)

Big U.S. Cities Are Adding Jobs, Cutting Jobless Rates. How Does Yours Rank?
(DBN)

California Clarifies and Enhances Protection for Municipal General Obligation Bonds
(DBN)

Jacksonville Pension Bled Money as Funding Shortfall Doubled
(DBN)

____________

Retailing:

Hawaii retailer Hilo Hattie to auction off store fixtures, office equipment and memorabilia
(DBN)

Quiksilver Asked Court to Approve Sale of Shoe Brand
(DBN)

Will other retailers follow REI and close on Black Friday?
(DBN)

____________

Hollywood:

Weinstein Co. Must Face Bankrupt DVD Distributor's Fraud Claim
(DBN)

____________

Oil/Gas:

Oil tops $45 to settle at highest level in a week Oil prices jump on smaller inventory build Why oil is soaring despite 5 weeks of rising supplies
(DBN)

Low Oil Prices Could Bankrupt OPEC in 5 Years -- but Crush Rest of World in 3
(DBN)

Too Much Oil at Too Small of a Price for Producers
(DBN)

Nabors CEO: Expect more exits from U.S. oil patch in fourth quarter
(DBN)

Sabine Oil & Gas Strikes First, Seizing Control of Bankruptcy Litigation
(DBN)

Shell takes $2 bln write-down on oil sands Shell’s Scrapped Oil Sands Project Highlights Major Issue For Canada Shell Has Biggest Loss in More Than a Decade
(DBN)

Weak oil prices hit Russia’s sovereign-wealth fund
(DBN)

Occidental Petroleum to Exit Bakken Shale Amid Heavy Losses
(DBN)

Anadarko CEO: “Growth will not be rewarded” amid cheap oil
(DBN)

Weak prices 'may hurt ratings' of oil and gas firms
(DBN)

Oil majors rush cuts to hit $60 break-even
(DBN)

Are investors in the Canadian fossil fuel sector in denial
(DBN)

NatGas Glut Mirrors The Problems Facing Oil Markets
(DBN)

Statoil posts $330 million loss in third quarter
(DBN)

Suncor Posts Loss Amid Oil Crash Even as Company Cuts Costs
(DBN)

ConocoPhillips Reports Loss as Oil Crash Limits Shale Growth
(DBN)

Why EBITDA is so misleading for E&Ps these days
(DBN)

Judge declines to freeze Alfaro's assets The Opinion
(DBN)

Shell swings to loss on $7.9 billion charges
(DBN)

Gas Powered Cars Could Go Extinct by 2050
(DBN)

Downsizing with dignity as challenge as oilpatch layoffs mount
(DBN)

How OPEC is likely ruining your retirement
(DBN)

____________

Coal:

Arch Coal Inc: Bankruptcy Is Here... Almost
(DBN)

Arch Coal Running Out of Options
(DBN)

Mines delinquent on taxes big part of Kanawha County budget deficit
(DBN)

____________

Paper:

‘A lot of people might be out of work soon’: Lincoln lowers tax rate
(DBN)

____________

Personal Finance:

The complicated product that is leaving some retirees deeper in debt
(DBN)

You're About to Lose $50,000 in Social Security
(DBN)

____________

Awards:

Pittsburgh lawyer Robert Bernstein honored by American College of Bankruptcy
(DBN)

____________

Resorts:

Predictions For Baha Mar’s Future
(DBN)

Resort’s Reputation Has Been Tarnished
(DBN)

AG defends govt’s handling of Baha Mar crisis
(DBN)

____________

Food/Beverage:

New Bedford seafood company files for chapter 11 bankruptcy
(DBN)

____________

Environmental:

LA County to spend $2M to speed cleanup of battery recycler
(DBN)

____________

Consumer Finance:

Will This Online Lender's Risky Business Model Hold Up?
(DBN)

____________

Bankruptcy Crimes:

Real estate investor, medical business owner get prison time over bankruptcy, tax charges
(DBN)

____________

Trucking:

Trucking Industry Sees Swooning Demand
(DBN)

____________

Gold:

World's Biggest Gold Miners Answer Price Slump With More Output
(DBN)

____________

New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Bankruptcy Filings declined 11% in Fiscal 2015, Lowest Filings since 2007 Fiscal Year Bankruptcy Filings Continue Fall
(DBN)

______________

Mootness:

Third Circuit Judges Debate the Future of Equitable Mootness
(DBN)

____________

Chapter 13:

Are your clients entitled to a chapter 13 discharge if they have missed post petition mortgage payments?
(DBN)

____________

Free and Clear:

High court asked to rein in confusion over 2 key bankruptcy issues
(DBN)

____________

Insurance:

Please, SIR, the Plaintiffs Want Some More: The Southern District of Ohio Weighs in on the Treatment of Self-Insured Retentions in Bankruptcy
(DBN)

____________

Chapter 13:

BK SD CA: Court Seeks Comments On Mandatory Ch. 13 Plan
(DBN)

____________

Bankruptcy Policy:

What is Right About Bankruptcy Law and Wrong About its Critics
(DBN)

____________

Default Interest:

Postdefault Interest Rates in Bankruptcy
(DBN)

___________

TBTF:

Stephen Colbert asked Hillary Clinton if she'd let big banks fail: 'Yes, yes, yes, yes, yes, yes'
(DBN)

Fed's Disaster Plan Is Bitter Pill for Debt-Averse Wells Fargo
(DBN)

____________

Hedge Funds:

S&P 500 vs Hedge Fund Returns Since 2011
(DBN)

____________

Education:

Judge Rules Defunct For-Profit College Is Liable for $530 Million in Damages Corinthian Colleges Ordered to Pay Damages to Students
(DBN)

Corinthian Colleges Loses Federal Lawsuit As Education Department Faces Reckoning
(DBN)

California student test scores among worst in US
(DBN)

____________

Aviation:

Bankruptcy Reprieve: One Hurdle Down For Republic Airways
(DBN)

____________

Communications:

Bankruptcy court grants more time to former Standard Register entity
(DBN)

____________

Healthcare:

Statement Ok'd for Children's reorganization
(DBN)

Bankruptcy judge approves $5.7 million sale of Nurses Registry to Louisiana company
(DBN)

Court: Medicare, Medicaid can't be cut during home's bankruptcy appeal
(DBN)

Hutcheson board questions critical report
(DBN)

Almost Half of Obamacare Co-Ops to Close
(DBN)

More Seeking Low Cost Health Care in Mexico
(DBN)

____________

Autos:

Christie Agrees Those Behind Bad GM Switches Should Be in Jail
(DBN)

Millikin Faces Subpoena as GM Bellwether Looms
(DBN)

Why VW Is “Too Big To Fail”
(DBN)

____________

Hotels:

Ousted Hotel Conneaut operator considering court fight to get hotel back
(DBN)

____________

Taxis:

So the Uber Surge Price Theory Doesn't Work?
(DBN)

____________

Sovereigns:

New York hearing with vultures ends
(DBN)

Argentina: Holdouts dispute, a Cristina Fernandez legacy for the next government
(DBN)

____________

UK:

Personal insolvency numbers rise sharply Personal insolvencies long-term decline continues
(DBN)

The UK steel industry – the beginning of the end?
(DBN)

Scottish corporate failures fall but concerns over offshore debt recovery tactics
(DBN)

How ministers gave millions to Kids Company despite repeated warnings from officials
(DBN)

____________

EU:

The Quantitative Easing Experiment Is Failing
(DBN)

____________

PIIGS:

Spanish Insolvency Law Amended with a Welcome Reform to Article 90.1.6º
(DBN)

____________

Canada:

US Steel claiming $2.2 billion in debt owed by former Stelco
(DBN)

U.S. Steel wants court to make Canadian operation pay $2.2 billion debt
(DBN)

Devon Energy Cuts 15% Of Staff In Canada
(DBN)

Oilpatch expected to lose $2.1-billion this year
(DBN)

Lawyer Fights Incurable Cancer With Humor, Hope, And An Amazing Blog
(DBN)

Algoma discussing fourth Canadian insolvency
(DBN)

____________

MENA:

Low oil prices threaten savings, economies of Middle East countries
(DBN)

Israeli Grocer Alon Slides as Default Concern Boosts Competitors
(DBN)

____________

Africa:

A New OHADA Uniform Act on Insolvency and Restructuring in Africa
(DBN)

____________

Brazil:

The Use of Chapter 15 by Brazilian Companies: A Case Study
(DBN)

How A Lone Oil Rig Embodies the Brazil Boom That Never Was
(DBN)

Brazilians Pay 414% on Credit Card Interest
(DBN)

____________

Ukraine:

Russia minister: We're not taking part in Ukraine debt restructuring talks
(DBN)

Putin Tests English Debt Law as Ukraine Feud Heads to London
(DBN)

____________

India:

Government may set up special regulator to look into bankruptcy cases, new code tilts in favor of creditors
(DBN)

____________

Russia:

Bankruptcy in Russia: New Instruments of Protection of Creditors’ Rights
(DBN)

Russia Oil Production Poised for Record as Industry Defies Slump
(DBN)

____________

South Korea:

Daewoo Shipbuilding Gets Rescue from Creditors
(DBN)

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2014