October 7, 2015

The Daily Bankruptcy News

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Law:

Dewey Jurors Ask for Testimony Readback Dewey juror reports muscle pain after deliberating for over 2 weeks Dewey & LeBoeuf Jurors Tell Judge They Are Stuck After 13 Days of Deliberation Dewey & LeBoeuf Jurors Say They're Deadlocked - Judge Says To Keep Deliberating
(DBN)

Law firm mergers continue at record pace
(DBN)

Judge tosses ADA suit against BigLaw firms, cites plaintiff’s ‘outright speculation’
(DBN)

Lawyer Accused in Scandal Over MasterCard Deal Speaks Out
(DBN)

Legal profession urged to do more to tackle its drug problem
(DBN)

High-profile lawyer who acted as ‘paymaster’ for client gives up his law license
(DBN)

Lawyer killed goat, drank its blood, and is running for US Senate to party chair’s chagrin
(DBN)

Prosecutor Says Bankruptcy Lawyer On The Lam
(DBN)

Lawyer Serves Love Interest With Crazy Dating Subpoena, Makes Complete Fool Of Himself
(DBN)

The 5 trendiest fall haircuts for guys
(DBN)

Beyond Biglaw: The Importance Of Good Visuals
(DBN)

Coffee Is For Closers
(DBN)

Husch Blackwell Partner Leaves Firm Five Months After Sexting Scandal
(DBN)

Wolf Block Loses Coverage Suit Over Partner Severance Payments
(DBN)

The Myths of the Digital Native
(DBN)

Cybersecurity – Sometimes The Problem Is You
(DBN)

A Scattering: Legal Tech Startups, IPOs, Fax, Time Matters And OpenOffice
(DBN)

Meet A New Law School Dean: An Interview With Vikram Amar
(DBN)

Welcome To The ‘Meat Market’ (AKA The AALS Faculty Recruitment Conference)
(DBN)

This animation shows how normal going to prison in America is
(DBN)

Bobby Jindal blames Oregon shooter’s anti-gun dad: ‘He owes us all an apology’ Mother Connections in Oregon, Conn. Shootings
(DBN)

Supreme Court declines appeal citing juror’s racial slur in post-conviction affidavit
(DBN)

Rule that forgives the dead allows convicted lawyer’s family to claw back forfeited cash, judge says
(DBN)

3 Defenses Of The Drunk Mac And Cheese Man
(DBN)

China’s Latest Export: Legal Services
(DBN)

There are now more guns than people in the United States Which States Have the Most Guns? Congress Stopped Research into Gun Violence
(DBN)

Map: 142 School Shootings in Two Years
(DBN)

Goat-Sacrificing Lawyer Making Headlines Again
(DBN)

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Judges:

U.S. Supreme Court opens new term, with major cases brewing, "line standers" no longer allowed Supreme Court Screws Over Lawyers, Bans Line-Standers Supreme Court Confronts 'Line-Standing,' Secret Changes to Opinions High Court Bars Lawyers From Using 'Line Standing' Services
(DBN)

US Bankruptcy Court Celebrates Constitution Day With Essay Contest for High School Students
(DBN)

Supreme Court Conservatives’ Famous Last Words
(DBN)

Justices Toss Convictions Over Facebook Posts About Court Clerks
(DBN)

Federal court would not like to add LinkedIn to its professional network
(DBN)

Judge who challenged public defender to fistfight is suspended without pay
(DBN)

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Wall Street:

 

Wall Street moves lower as global growth worries resurface
(DBN)

The secrets of Wall Street: slavery, terrorism, and hidden vaults
(DBN)

Traders hold their breath in wait for earnings
(DBN)

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Layoffs:

More Employment Graphs: Duration of Unemployment, Unemployment by Education, Construction Employment and Diffusion Indexes
(DBN)

Patriot Coal Expects to Lay off More Than 2000 Workers Bankrupt Patriot Coal issues new notice for its workers
(DBN)

Bradford Co. Business To Layoff 89 Workers
(DBN)

Air France may cut 5,000 more jobs in new restructuring
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Injured Concertgoer Fights for Damages in 50 Cent's Bankruptcy
(DBN)

When is Teresa Giudice Getting Out of Prison: Early Christmas Release for Christmas for RHONJ Felon?
(DBN)

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Coal:

Patriot Coal delays bankruptcy plan hearing for creditor talks
(DBN)

Patriot Coal expects to lay off more than 2,000 workers
(DBN)

Patriot Coal, West Virginia Agree on $50 Million Cleanup
(DBN)

Citigroup, citing climate change, will reduce coal financing
(DBN)

Think Coal Is Dead? This Low-Cost Hotspot Is Thriving
(DBN)

Met Coal: The Outcome Is Certain, The Timing Is Not
(DBN)

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Finance:

How Two Guys Lost God and Found $40 Million
(DBN)

Goldman, J.P. Morgan Struggle to Sell Loans Backing a Buyout
(DBN)

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Corporate Reform:

Call to prosecute corporate executives coincides with changes to white collar sentencing guidelines
(DBN)

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Healthcare:

Work remains before Children’s pact complete
(DBN)

Counseling Centers Abruptly Close Due To Bankruptcy Closures stun counseling patients
(DBN)

Racial inequality even affects how long we wait for the doctor
(DBN)

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Telecoms:

High yield bonds: Telecom replaces energy as worst-performing industry in September
(DBN)

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Fashion:

Houston fashion designer files for bankruptcy , says he's 'not going away'
(DBN)

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Credit Counseling:

Debt Relief Operation Agrees to $7.9M Judgment
(DBN)

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Debt Collection:

11th Circuit Opinion – FDCPA Does Not Apply to Debt Acquirers if Not ‘Debt Collectors
(DBN)

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Resorts:

Bahamas Resistance Mounts to Massive Resort
(DBN)

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Mining:

Glencore plays down impact of possible debt rating downgrade Commodity Traders Win Billions in Loans Amid Glencore Storm Glencore shuts platinum mine, cuts 970 jobs Banks are 'locked in' to Glencore's $100 billion debt mountain
(DBN)

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Autos:

VW to Delay or Cancel All Non-Essential Investments Volkswagen lays out plans for massive recall of cars Volkswagen shares are popping on its disaster recovery plan VW to be sued by West Virginia VW's New Chief Says Scandal Will Cost It More Than Expected
(DBN)

____________

Directories:

Dex Media Creditors Said to Demand Meeting After Missed Payment
(DBN)

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Economy:

The global economy is once again slowing down, IMF says
(DBN)

Sorry, Ben Bernanke, But Fed's 'Recovery' Was Miserable
(DBN)

Fisher: Bernanke Wrong on Inflation
(DBN)

In a Reunion, Bernanke and Geithner Revisit the Crisis
(DBN)

US trade deficit widens in August as exports fall
(DBN)

Commodity Collapse Nowhere Near Bottom
(DBN)

Fed: Q2 Household Debt Service Ratio Very Low
(DBN)

Oaktree's Marks Says Time for Fed to Stop Suppressing Rates
(DBN)

ISM Non-Manufacturing Index decreased to 56.9% in September
(DBN)

Please, America, Let Us Pay You to Borrow
(DBN)

The staggering cost of day care when you make only the minimum wage
(DBN)

Prime Working-Age Population Growing Again
(DBN)

One Chart Tells Entire Story About the U.S. Economy
(DBN)

Millennials and Money: What You Need to Know
(DBN)

Less Than a Third of Unemployed Americans Get Benefit Checks
(DBN)

Why Commodity-Based Credit Worries are Spreading
(DBN)

Student Loan Debt, Homeownership, And Millennials. It’s Complicated.
(DBN)

Central banks might be ready to 'unleash hell' at exactly the wrong time
(DBN)

How Fortune 500 companies avoid paying $620 billion in taxes Apple is still No. 1 at avoiding US taxes
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Surrendering a Home in Bankruptcy: Recent Cases Point Towards a New Option
(DBN)

Joint Tenancy: What Happens When a Joint Tenant’s Interest Becomes Part of the Bankruptcy Estate?
(DBN)

Mortgage credit availability rises in September
(DBN)

US Housing Bubble Worse Than in 2006
(DBN)

Black Knight August Mortgage Monitor
(DBN)

House Prices up 6.9% Year-over-year in August
(DBN)

The biggest mansion in Alabama is being auctioned — and it could be 'the buy of a lifetime'
(DBN)

Landlords to hike rents by 8% as tenants struggle
(DBN)

San Francisco shack starting at $350,000?
(DBN)

JPMorgan buys more mortgages from other lenders as market shrinks
(DBN)

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Municipalities:

Puerto Rico Willingness to Pay Test Arrives Dec. 1
(DBN)

Puerto Rico House bankruptcy bill adds co-sponsors
(DBN)

‘City of the Big Shoulders’ Will Find Out It’s Never Enough
(DBN)

61,064 Failing Bridges Must Wait as Cities Borrow at Decade Low
(DBN)

Chicago at bottom of fiscal scoreboard for cities-analysis
(DBN)

____________

Oil/Gas:

Oil closes in on $50 Investors tread carefully despite oil rally
(DBN)

Oil jumps $2, breaking range as supply seen ebbing Oil prices jump after reports of tanking U.S. production US Oil Production On Brink, Say Oil Execs
(DBN)

OPEC Sec-Gen Sees Oil Market Improving, Low Price Will Not Persist
(DBN)

US EIA Sees Tighter 2016 Oil Market As Demand Accelerates
(DBN)

Oil M&A's False Positives
(DBN)

Oil Drillers Hunker Down for Long Bear Market
(DBN)

Quicksilver Resources Bankruptcy Auction Set for December - Creditors worry the auction might fail to produce a valuable offer
(DBN)

Howard Marks Will Bet You $100 You Won't Know the Price of Oil
(DBN)

Energy MLPs at record lows as oil downturn continues
(DBN)

Quicksilver Resources bankruptcy auction set for December
(DBN)

Fracking Boom Goes Bust as Companies File for Bankruptcy
(DBN)

IHS: North American oil hedges sink to 11 percent in 2016
(DBN)

Freeport McMoRan Is Spinning Off Its Oil Business Freeport's Oil Exit Risks Creating Money-Losing Crude Explorer
(DBN)

Did OPEC Just Call Time On The Price War?
(DBN)

World Oil Prices Too Low To Support US Shale Production, Oil Executives Say
(DBN)

Oasis Redetermines Credit Facility Borrowing Base
(DBN)

Bankruptcy trustee: HOVENSA has it wrong
(DBN)

____________

Retailing:

American Apparel Won't Abandon U.S. Manufacturing in Bankruptcy American Apparel hangs on to its made-in-America model — by a thread American Apparel Gets Quick OK for $90 Million in Financing Judge Torches American Apparel Ex-CEO in Hilarious Hearing How Dov Charney Will Lose Everything In American Apparel's Bankruptcy American Apparel's dark future? Ouch! American Apparel's Bumpy Ride May End With A Bankruptcy But There's Lessons For Entrepreneurs Is Authentic Brands in hot pursuit of American Apparel? American Apparel seeks fashion revival under bankruptcy plan Essential California: Bankruptcy for American Apparel How American Apparel lost America’s youth Here's why Trump and other outsiders are leading the GOP presidential race American Apparel reveals plans for new look
(DBN)

Unredeemed Borders Gift Cards are Officially Worthless
(DBN)

J.C. Penney's Ullman May Refinance After Meeting Profit Goals
(DBN)

Reis: Mall Vacancy Rate unchanged in Q3
(DBN)

____________

Hollywood:

Relativity TV Sale Approved by Bankruptcy Court
(DBN)

____________

Food/Beverage:

A&P reveals first bid winners; most stores go unsold A&P auctions off more stores in NYC region, others up for grabs
(DBN)

Z'Tejas saved from bankruptcy by Austin investors
(DBN)

____________

Politics:

Donald Trump is still on top — but there are more clear warning signs ahead Donald Trump's spending shows how he's redefining the modern political campaign See the property portfolios of Donald Trump Trump promises us all a free lunch Barry Diller Says He'll Leave the Country If Donald Trump Wins the White House Mexican drug cartel lord has a $100 million bounty on Donald Trump Trump left his mark all over New York. Some in the city would like to erase it
(DBN)

Ben Carson would skip meeting families of Oregon mass shooting but ‘would probably go to the next one’
(DBN)

Why Marco Rubio is insisting that his massive tax cuts will pay for themselves, explained
(DBN)

All Americans would reportedly pay some income tax under presidential candidate Bobby Jindal's plan
(DBN)

FBI probe of Clinton e-mail expands to second data company Employee at Clinton's email hosting company feared a cover-up
(DBN)

Obama Fact Check: Today, the deficit is "below the average deficits over the past 40 years."
(DBN)

____________

Rail:

Amtrak Threatens to Suspend Service Dec 31.
(DBN)

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Non-Profits:

Paredes foundation files for bankruptcy , shifts focus
(DBN)

____________

Consumer Finance:

Bankruptcy and Delinquency in a Model of Unsecured Debt
(DBN)

____________

Aviation:

Transaero bankruptcy could cut 27 percent of Boeing 747 passenger orders
(DBN)

The Air France execs that had their shirts torn off are part of a funny new ad campaign
(DBN)

Planes of future may see passengers stacked on top of each other
(DBN)

____________

 


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 (24 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Bankruptcy Filings Through Sept. 30 Decline Compared to Same Period in 2014
(DBN)

Business bankruptcies in decline
(DBN)

______________

Avoidance Actions:

One Size Fits Some: Defending Preference and Fraudulent Transfer Claims
(DBN)

____________

Substantial Contribution:

Good Deeds May Be Rewarded in Chapter 7—at least in the Sixth Circuit
(DBN)

____________

Equity:

Clear Contractual Terms Prevail Over Equitable Principles in Bankruptcy Cases (Again).
(DBN)

____________

Professional Compensation:

In re: Hipcricket Inc. Provides a Lesson on the Importance of Defined Terms
(DBN)

____________

Sales:

Third Circuit Rules that If It’s Not Estate Property, There’s No Need to Respect Priority
(DBN)

____________

Claim Allowance:

File a Proof of Claim, Lose Your Lien? Ninth Circuit Holds That Lien Associated With Disallowed Claim is Void
(DBN)

____________

Pensions:

Central States Pension Fund Prepares To Slash Hundreds of Thousands of Workers’ Pensions
(DBN)

____________

Fraud:

An investor who sued Lynn Tilton will also be key to the SEC's fraud case
(DBN)

____________

Personal Finance:

The one number that’s eerily good at predicting your success in love
(DBN)

____________

Tech:

Apple’s real cash pile is 99% smaller than you think
(DBN)

____________

Student Debt:

What Uncle Sam owes student loan borrowers
(DBN)

Student Loan Servicing Reforms May Be on the Way
(DBN)

____________

Corporate Reform:

Government's consumer bureau targets mandatory arbitration
(DBN)

Obama Threatens To Veto Republican Bill That Would Undo Consumer Protections
(DBN)

Brokers called 'Big Nose' and 'Lord Libor' are being accused of rigging rates
(DBN)

____________

Gambling:

Things could get a lot worse for DraftKings and FanDuel
(DBN)

____________

Opera:

Plan to Revive New York City Opera Has Creditors' Backing
(DBN)

____________

Education:

Stockton's Showboat costs likely to exceed $26M
(DBN)

The rise of the covert for-profit college
(DBN)

____________

Bankruptcy Crimes:

Evansville brother and sister charged in bankruptcy fraud scheme
(DBN)

____________

Privacy:

Experian Breach Is Worse than Bankers May Realize
(DBN)

____________

Radio:

Cumulus: A Dark Cloud on the Radio Industry
(DBN)

____________

Distressed Investing:

It keeps getting worse for 'The Diva of Distressed' Lynn Tilton
(DBN)

____________

Sovereigns:

Kicillof says Macri's pro-vulture stance would have 'tripled' Argentina's debt 'Vulture funds not a priority in my agenda'
(DBN)

Argentina wins another small battle against ‘vultures’ in NY Victory for Argentina in its ongoing battle with speculative funds
(DBN)

Argentina's $5.9 Billion Bond Payment Triggers Return to Market Argentina Issues New Debt Bond , Bonar 2020
(DBN)

Elliott Said to Subpoena Argentine Investors on Bond Sale
(DBN)

Ukraine Debt Given Final Value of 80.625% at Swaps Auction
(DBN)

____________

UK:

Where are you heading this summer? Bankruptcy tourism and the case of the Banana King
(DBN)

Changes in insolvency law set to affect D&O insurers
(DBN)

____________

EU:

The Economic Engine of Europe Slows Down
(DBN)

____________

PIIGS:

Greece’s to-do list Greek bank recap is race against time Was the Crisis in Greece a Wasted Opportunity?
(DBN)

Brian O’Donnell’s children face questions in court over gifts from parents
(DBN)

____________

Canada:

Is Baytex Energy Corp. Headed to Bankruptcy ?
(DBN)

Canada Auto Industry May Lose 20,000 Jobs
(DBN)

____________

India:

Soon, India will have new bankruptcy code: Modi Enactment of bankruptcy code to be a key enabler for banks growth
(DBN)

____________

Latin America:

IMF sees Latam recession this year as Brazil slumps
(DBN)

____________

Russia:

Yukos: the saga continues
(DBN)

Russian NGO Files for Bankruptcy Following 'Foreign Agent' Fines
(DBN)

____________

China:

Yum Brands is crashing
(DBN)

KFC is telling a distressing story about the Chinese economy
(DBN)

____________

Germany:

German Industry Output Unexpectedly Falls as China Weakens
(DBN)

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