April 5, 2016

The Daily Bankruptcy News

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Law:

Former Dewey Partners Off the Hook for NY Lease, Judge Rules
(DBN)

Massive leak of law firm documents reveals offshore wealth of politicians and celebrities • The Panama Law Firm At the Top of the News • International Law Firms Emerging in ‘Panama Papers’ Leak • British Virgin Islands failed to crack down on Mossack Fonseca • Panama Papers: Law firm linked to sanctioned firms, individuals • Firm Linked to Panama Papers Targeted in Brazil, Could Face US Probe • 'Panama Papers' Put Spotlight on Law Firm Data Security • The law firm at the center of the Panama Papers leak shifted money for firms in North Korea and Iran • The 'Panama Papers' law firm has more offices in China than in any other country
(DBN)

A Deeper Dive Into Scott Barshay’s Move From Cravath To Paul Weiss
(DBN)

Legal Bills Coming Due in Zucker Goldberg Bankruptcy Case
(DBN)

Millennials in Big Law — Let’s Get to Work
(DBN)

Trump's running mate: US legal system?
(DBN)

Coming and Going Concerns
(DBN)

Many Data Breaches Being Discovered by a Third Party
(DBN)

Bankruptcy Lawyer: Getting Comfortable With Uncertainty
(DBN)

UK: If You Have A Taste For Tedium . . . .
(DBN)

Lack of crime and bankruptcies means lower income for Japanese lawyers
(DBN)

This law school had more than 7,700 applications; which schools are in the top 10?
(DBN)

Everything we know about the iPhone 7 • The biggest version of the iPhone 7 will have a unique feature
(DBN)

5 insider tips for getting noticed on LinkedIn
(DBN)

How to trick your brain into overcoming anxiety
(DBN)

The 10 worst style mistakes a man can make, according to women — and how to avoid them
(DBN)

6 essential rules for umbrella etiquette every man should follow
(DBN)

2 Arrested After Crab Legs Dispute Turns Violent At Buffet
(DBN)

Judge: Lawyer’s Pro Se Criminal Defense So Awful He Could Sue Himself For Ineffective Assistance Of Counsel
(DBN)

ATL’s 8th Annual Law Revue Video Contest
(DBN)

Lawyer caught lying about his mother’s death to delay his client’s trial
(DBN)

Here's how 'America's toughest sheriff' treats mentally ill prisoners
(DBN)

Attorney gunned down at Texas mall was de facto drug cartel chief, says defense lawyer for suspect
(DBN)

______________

Judges:

The Best-Known Judge In America?
(DBN)

Courting the president — Judges and the desire for elevation to the Supreme Court
(DBN)

Goodbye Scalia! Supreme Court Rejects Trio Of Class-Action Challenges
(DBN)

Feds can apply convicted judge’s pension to his $2.9M restitution, court rules
(DBN)

‘Tough chaotic day’ at Chicago courthouse as cellphone ban, sans storage lockers, begins
(DBN)

Garland preps for confirmation hearings though only two Republicans publicly support the idea
(DBN)

Democrats make halting progress in Supreme Court clash
(DBN)

Dynamics Are Shifting in an 8-Member Supreme Court
(DBN)

______________

Wall Street:

Dow futures drop by more than 100 points • Dow futures down triple digits as oil prices slump
(DBN)

Stocks close lower
(DBN)

The stock market is experiencing something that has only happened 11 other times in history
(DBN)

Investment banks had their worst start to the year since 2009
(DBN)

Deutsche loses top-3 slot in investment bank rankings
(DBN)

Goldman Profit Estimates Cut Again as Analysts Project 45% Drop
(DBN)

______________

Layoffs:

The S Word: Alaska Airlines and Virgin America used the one word that should make all of their employees very nervous
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Trump: 'I automatically win' if John Kasich would just quit the race • John Oliver points out just how little Donald Trump knows about nuclear weapons • Survey Suggests Trump's Campaign Will Hurt Bookings At Trump Hotels And More • Trump threat to run as independent counterproductive- party chief • Trump loves Melania, but he really likes Sue: Huh? • Trump: Why real estate players won’t talk about the elephant in the room • Fascist or Con Man: The Dueling Anti-Trump Narratives
(DBN)

Trump far ahead as likely GOP nominee
(DBN)

Economic Models Predict GOP White House Win
(DBN)

Supreme Court rejects conservatives in "one person, one vote" case
(DBN)

Only 1/3 of US presidential campaign budgets go on ads — Here's where the rest of that money goes
(DBN)

Republicans can't stop discussing Paul Ryan potentially making a surprise late entry into the presidential race
(DBN)

Where the candidates stand on student-loan debt
(DBN)

The Panama Papers show something Bernie Sanders gets right about the economy
(DBN)

Torrid Tape Imperils Alabama Governor, $800 Million Prison Plan • Now Governor Asks God for Forgiveness
(DBN)

____________

Personal Finance:

A simple equation could help you decide whether to buy or rent a home
(DBN)

7 money basics to teach your kids in elementary school if you want them to grow up to be rich
(DBN)

The 7 dumbest last-minute tax mistakes people make
(DBN)

The one skill you should never put on your résumé
(DBN)

____________

Alternative Energy:

From Silicon Valley to Main Street, firms say SunEdison owes money
(DBN)

Investors flee SunEdison as bankruptcy looms
(DBN)

Vultures Circle Bankrupt SunEdison
(DBN)

SunEdison faces suits from creditor, yieldco • Two Creditors File Lawsuit Against SunEdison
(DBN)

SunEdison Subsidiary Accuses Parent of Diverting Funds • TerraForm Global sues SunEdison, says misappropriated $231 mln
(DBN)

TerraForm Power Stock Tumbles on Creditors ' Lawsuit
(DBN)

SunEdison Legal Woes Mount With Suits Over First Wind, India
(DBN)

SunEdison: Looking for Life in Its Orbit
(DBN)

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Metals:

Horsehead shareholders frustrated with investor group, report says
(DBN)

____________

Pharma:

Valeant Creditors Resist Proposal to Relax Lending Pact
(DBN)

Some Valeant Creditors Reportedly 'Balking' At Revised Lending Agreement; Investors Concerned
(DBN)

Hey Valeant, Mr. Market Called To Let You Know You Are Bankrupt
(DBN)

More Reasons That Valeant Stock May Be Worthless
(DBN)

____________

Banking:

Optimism has fallen: new survey highlights sharp slump in financial services sentiment
(DBN)

____________

Corporate Reform:

The US government is going after a $19 billion hedge fund
(DBN)

____________

Hotels:

Texarkana Hotels files bankruptcy: Bank's lawyer claims slander, seeks sanctions for 'scandalous' allegations
(DBN)

____________

Radio:

iHeartMedia faces accelerated payments on $15B in bonds, possible bankruptcy
(DBN)

IHeartMedia Ends Creditor Talks as Debt Hearing Starts
(DBN)

____________


Economy:

Durable goods orders tumble in February • Dollar strength lingers • Durable Goods Gets an 'Ugh' as Capital Spending Slips • Down 1.7% in February, in line with estimates
(DBN)

One depressing chart shows just how much global growth is suffering
(DBN)

The Gig Economy Is Powered by Old People
(DBN)

The Fed might be underestimating inflation
(DBN)

The new Fed conspiracy theory 'seems wrong'
(DBN)

Wall Street is betting the ‘great dollar correction’ is just beginning
(DBN)

The global manufacturing sector just posted its weakest quarterly performance in years
(DBN)

Lagarde: No crisis, but here's the not-so-good news • Lagarde Sees Political Dangers Galore With Global Economy Tepid
(DBN)

Fed’s Rosengren sees more and faster rate hikes than the market expects
(DBN)

Fed has to be aggressive on inflation: Evans
(DBN)

U.S. Treasury yields dip after weak data backs Yellen concerns
(DBN)

U.S. corporate liquidity stress intensifies in March -Moody's
(DBN)

BlackRock lowers view on U.S. corporate credit to neutral
(DBN)

American Companies Are Having a Harder Time Raising Cash
(DBN)

Fed’s New Bank Critic Keeps Heat On
(DBN)

Leaked documents show strong business support for raising the minimum wage
(DBN)

California, New York Governors Sign Minimum Wage Increase Into Law
(DBN)

Five money myths about millennials
(DBN)

As US economy rebounds, 1 million people could lose food stamps benefit
(DBN)

Brace for big commodities drop, traders warn
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Reis: Office Vacancy Rate declined in Q1 to 16.2%
(DBN)

S&P: Secondary mortgage market running far behind 2015, drastically cuts forecast
(DBN)

4.45% of mortgages were delinquent in February, lowest since April 2007
(DBN)

How are millions still underwater as home prices rise?
(DBN)

How a Millennial Fought Her Way to a Post-Recession Home Loan
(DBN)

Rent growth eases: Why it is happening here and not there
(DBN)

Bankruptcy filing delays foreclosure of old Billings federal building
(DBN)

Owner of Texarkana, Ark., Convention Center files for bankruptcy
(DBN)

This map shows how far you'll have to move from San Francisco to pay reasonable rent
(DBN)

____________

Municipalities:

Puerto Rico: PROMESA draft bill, title III (initial thoughts)
(DBN)

Creditors sue to block Puerto Rico development bank withdrawals • Puerto Rico opens accounts at commercial bank to sustain services • Puerto Rico scrambles to save development bank from receivership
(DBN)

Puerto Rico Draft Exposes Faultlines Among Creditors
(DBN)

Financial Oversight and Colonialism in Puerto Rico
(DBN)

On Puerto Rico, Congress is moving in the right direction
(DBN)

Chris Christie: Atlantic City's debt problem is just as bad as Puerto Rico's • Christie, Prieto meet on Atlantic City; city's credit rating downgraded again • Atlantic City's Rating Cut to Level of Puerto Rico by Moody's
(DBN)

State taking Atlantic City to court as money crisis deepens
(DBN)

Atlantic City days away from shutdown • Atlantic City May Avert Shutdown by Extending Worker Pay Period
(DBN)

New Jersey sues Atlantic City over school money
(DBN)

Analysts: AC's troubles could hurt other N.J. cities
(DBN)

San Bernardino settlement bad for pension bondholders: Moody's
(DBN)

Once wedded to oil, Houston economy carries on despite bust
(DBN)

Millionaires Fleeing Chicago
(DBN)

America's Fastest Growing Cities
(DBN)

____________

Oil/Gas:

‘Unprecedented’ Decline in Global Oil Spending the Past Three Years
(DBN)

Buddy Clark on Bloomberg : Why the Oil Patch Borrowing Base is Shrinking
(DBN)

Bankruptcy Rout Looms Despite Impressive Productivity Gains In U.S. Shale
(DBN)

Mon. PM: US oil sheds 2.96 pct, ends at lowest level since March 4 • Oil ends at lowest level in a month as hope dims for production freeze
(DBN)

$120 Oil As Soon As 2018?
(DBN)

Mon AM.: Oil Wavers on Skepticism Over Production Freeze
(DBN)

Why an Energy Company Borrowed $1.55 Billion for Two Days
(DBN)

US oil and gas sector reboots to survive
(DBN)

Emerald Oil - Shareholders Should Not Expect Any Recovery
(DBN)

SandRidge Energy, with $3.6 billion debt, flags bankruptcy risk
(DBN)

Wait And See With SandRidge Energy
(DBN)

Linn Energy - A Ticking Time Bomb
(DBN)

Connacher in Talks With Lenders Over Debt Structuring
(DBN)

Edge Resources On Edge Of Bankruptcy Ahead Of AIM Exit Next Week
(DBN)

S&P Downgrades Ultra Petroleum to 'D'; Negligible Creditor Recovery Still Expected
(DBN)

U.S. gasoline demand drops for first time in 14 months - EIA
(DBN)

Stress in oil credit market hits record level
(DBN)

How Does Oil Today Resemble the 2000 U.S. Housing Crisis?
(DBN)

Oil and Gas Companies Stiff 29,000 Workers Out of $40 Million
(DBN)

Saudi Arabia pushes austerity to mitigate latest oil woes
(DBN)

Kicking the Oil Business When It’s Down
(DBN)

____________

Tax:

Inside The Most Popular Tax Havens In The Panama Papers • How David Cameron's dad kept a fortune away from UK tax authorities • There's a Wall Street darling buried in the Panama Papers • Panama Papers leak spells danger for offshore tax havens • Panama Papers Highlight Banks' Role in Tax Havens • This is much worse than the Panama Papers: How America became a world leader in tax avoidance
(DBN)

The US just said it will do more to kill tax-dodging deals, and this drugmaker is plunging • Feds Move to Shut Corporate Inversion Loophole
(DBN)

____________

Travel:

This app can help you get compensated for delayed flights and dirty hotel rooms
(DBN)

10 etiquette rules to remember the next time you fly
(DBN)

____________

Coal:

Walter Energy's Alabama mines sold
(DBN)

Thousands of miners rally over pensions, health benefits
(DBN)

Judge rejects Alpha restitution from Blankenship
(DBN)

Is the Next Taxpayer Bailout the Coal Industry?
(DBN)

Even large, low-cost miners are feeling the pinch
(DBN)

____________

Aviation:

Alaska Airlines just massively overpaid for Virgin America - smart move
(DBN)

____________

Shipping:

Danish Investors Summon OW Bunker Parties to Court over Bankruptcy
(DBN)

____________

Religion:

Hundreds abused by 50 clergy over 40 years but federal prosecutors undecided on charges
(DBN)

____________

Healthcare:

HCA completes purchase of bankrupt Texas hospital
(DBN)

Wife of famed inventor Dr. Julio Palmaz makes bid to buy Palmaz Scientific’s assets out of bankruptcy
(DBN)

____________

 
New Bankruptcy Opinions
(6 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 (11 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:

Number of Large Business Bankruptcies Highest Since 2010
(DBN)

Rochester-area bankruptcy filings climb again in March
(DBN)

______________

Good Faith:

Ninth Circuit B.A.P. Drove Down Bayshore Boulevard and Rendered a Decision on the Merits of a Section 363(m) Appeal in the Face of New Facts
(DBN)

____________

Interest:

Eleventh Circuit Panel Makes Cursory (and Erroneous) Ruling on "Till in Chapter 11"
(DBN)

____________

Distressed Investing:

Tricky course facing distressed debt investors
(DBN)

____________

Celebs:

Tisha Campbell-Martin And Husband Duane File For Bankruptcy • The Real Reason Tisha Campbell & Duane Martin Filed for Bankruptcy
(DBN)

50 Cent Reports $7 Million To His Name
(DBN)

Ex-NBA Star Antoine Walker: What I Learned After Blowing $108M • NBA’s Walker on Personal Bankruptcy
(DBN)

Once again, no one wants the "Real Housewives of New Jersey" stars' home
(DBN)

____________

Fraud:

Here Are The International Figures Tied to the Panama Papers Leak • Panama Papers: What We Know So Far • A Primer on the ‘Panama Papers’ Offshore Revelations • ‘Panama Papers’ Shine Uncomfortable Spotlight on Wealth of the Global Elite • The 8 most important things to read to understand the Panama Papers document leak • How Extensive is Panama Papers Fallout? • What the 'Panama papers' mean for Putin • Panama Papers Could Lead to Capitalism’s Great Crisis • The Panama Papers could cause Iceland’s government to collapse • What is the impact of the Panama Papers on global markets? • The five most important charts from the Panama Papers leaks • The Panama Papers leak, explained with an adorable comic about piggy banks • The Panama Papers show how corruption really works in Russia • Kremlin hits out as 'Panama Papers' identify Putin circle • Macri cited in offshore accounts leak • VP says "there is nothing illegal" in alleged Macri's participation in offshore society • How To Hide A Billion Dollars • Putin's a Pauper, His Friends Are Rich • Europe's Regulators Probe Banks as Shell Company Scandal Spreads • Pakistan's Sharif on Panama Leaks: Nothing New, Nothing Illegal • HSBC Was Active in Shell Company Referrals, Leak Report Alleges • Ukrainian Leader Defends Offshore Assets Amid Panama Leak • Iceland's PM Isn't Ready to Talk About the Panama Papers, Okay? • Panama Papers probes opened, China limits access to news on leaks • Governments Launch 'Panama Papers' Investigations Around the Globe • Iceland's prime minister is refusing to resign — and now thousands of people are taking to the streets • Leaked documents show the Mexican president's close friend moved $100 million offshore after a corruption probe • ie: Developer used firm to hide assets from Nama • Here Are Five U.S.-Blacklisted Companies Revealed in the Panama Papers • Panama Leak Involves Firm Probed in Petrobras Scandal • Panama Papers reveal 'big holes in US enforcement'
(DBN)

Bernard Madoff to be deposed by victims' lawyers: filing
(DBN)

After Aequitas collapse, class action lawsuit targets Deloitte, Tonkon Torp, others; Could grow to $300M
(DBN)

____________

TBTF:

IMF says insurers pose risks to the global economy
(DBN)

MetLife Win Will Or Will Not Gut Dodd-Frank: NYT
(DBN)

____________

Retailing:

Sports Authority reaches settlement with suppliers
(DBN)

Beyond the Rack Files for Creditor Protection
(DBN)

Marty's Shoes to close all six stores
(DBN)

____________

Student Debt:

The Court Ruling That Could End the Student Loan Crisis
(DBN)

Obama administration plans to revamp how Education Department collects student loans
(DBN)

____________

Pensions:

Sun Capital: Private Equity Funds Liable for Portfolio Company's Withdrawal Liability
(DBN)

____________

UK:

Here are the firms where British lawyers can earn as much as bankers — but don't expect a bonus
(DBN)

S&P says a Brexit could cost the UK its AAA rating
(DBN)

British families are buying child survivors of the Nepal earthquake to work as domestic slaves
(DBN)

Are you a Person with Significant Control - and why does it matter?
(DBN)

Simmons and Holman Fenwick named in ‘Panama Papers’ leak
(DBN)

New funding needed for insolvency litigation
(DBN)

____________

EU:

An incredibly important chart that you probably won’t see anywhere else today
(DBN)

German stocks lead Europe sharply lower after weak factory data
(DBN)

____________

PIIGS:

Germany Confident Greek Bailout Review Will be Concluded
(DBN)

Greek yields jump as Athens-IMF tensions raise bailout worries
(DBN)

Greece, Creditors Resume Bailout Talks • Lagarde Pursues `Good Faith' Greek Talks After Leaks Dispute
(DBN)

Greece needs to keep the IMF at the table
(DBN)

Time Is Running Out (Again) for Greece
(DBN)

Spain's Prime Minister set to drop siesta to shorten working day by two hours
(DBN)

____________

Canada:

‘We’re not at the bottom yet’: Canada’s ever-shrinking oil industry braces for more layoffs
(DBN)

____________

MENA:

Facing bankruptcy , Iraq tries to revive its industry
(DBN)

UAE conglomerate Al Jaber misses payment on $4.5 bln restructured debt -sources
(DBN)

____________

Brazil:

Petrobras sought arbitration for Sete Brasil talks, sources say
(DBN)

____________

Australia:

Do banks' bad debt warnings mean we're on the brink of a new crisis? Hardly
(DBN)

____________

Finland:

Finnish retailer Stockmann announces abrupt departure of CEO in midst of restructuring
(DBN)

Struggling Finland Is Trying to Cut Wages Without Causing a Riot
(DBN)

____________

India:

Distressed-debt buyers are sensing an opportunity in India as bad loans pile up • Global funds drawn to India's record $120 bln sour debt
(DBN)

This large country has a pretty big debt problem
(DBN)

India just slashed interest rates for the 5th time in just over a year
(DBN)

____________

Ukraine:

Core Creditor Dumps Ukraine Holding as Crisis Hobbles Government - Bloomberg
(DBN)

____________

China:

China Steelmaker Defaults on Bonds as Coal Miner Flags Risks
(DBN)

China Said to Plan $155 Billion of Sour Loan-Equity Swaps
(DBN)

____________

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