August 12, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Summer Associate Offer Rates (2016): Tons Of Future Lawyers Will Be Making $180K!
(DBN)

Junior associate pay at Kirkland & Ellis rises to over £250,000
(DBN)

HDL saga snares downtown law firm; $600M lawsuit looms
(DBN)

Lawyers in Volkswagen case seek up to $332.5 mln in fees, costs
(DBN)

K&L Gates Lawyer Dies in Tragic White-Water Rafting Accident
(DBN)

This Is Why Working In Biglaw Sucks So Hard
(DBN)

Learning To Live Without The Biglaw Perks
(DBN)

Ave Maria's Admissions Policies Violate ABA Standards, Law School Required To Take Immediate Remedial Action
(DBN)

Legal machines give lawyers the structure we need
(DBN)

How Big Data Analytics is Changing Legal Ethics
(DBN)

Lawyers Need to Regulate Their Harassment of Colleagues. Here’s Why
(DBN)

King & Wood Mallesons Halts Profit Distributions After Recapitalization Vote
(DBN)

Should Romance Have Cost This CLO Her Job
(DBN)

Ethics opinion on fee sharing is bad news for Avvo Legal Services
(DBN)

Will Work for Bitcoin, Steptoe & Johnson Says
(DBN)

McArdle: ABA Should Shut Down 'Avaricious' Law Schools That Make 'Morally Abhorrent' Decision To Admit Students With Little Chance Of Paying Off Their Loans, Despite Adverse Effects On Diversity
(DBN)

Today’s Tech: A Disturbance In The Force
(DBN)

Tax Court Denies Deduction For Professor's DirecTV, Internet & Cell Phone As Part Of His 'Lifelong Burden Of Developing Knowledge'
(DBN)

More Exclusive Survey Results: How Small Law Firms Measure Success
(DBN)

Lawyer’s new consulting firm for addiction and mental-health help serves law firms exclusively
(DBN)

Homeowners Sue Previous Tenants Over Creepy Letters Sent by ‘The Watcher’
(DBN)

Bonkers Law Firm Website: Alien 5
(DBN)

Appeals Court: Federal Judges Can’t Expunge Convictions of Job Seekers
(DBN)

A Reality Check on Crime in America
(DBN)

A college rapist avoided a prison sentence because of his “impressive acceptance of responsibility”
(DBN)

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Judges:

Judge is indicted after newspaper probe; charges involve jailed child-seat violator, lawyer contempt
(DBN)

Tiring of ‘rolling the rock,’ federal appeals court removes judge in ‘Sisyphus’-like litigation
(DBN)

Criminal trials have become so scarce that federal judge had only one in his 4 years on the bench
(DBN)

Judge Amber Wolf Is Becoming A Media Star And It’s Great For America
(DBN)

Judge Accused Of Strangling Woman He Brought Home From Bar
(DBN)

Reid Expects Clinton to Renominate Obama Supreme Court Pick Garland
(DBN)

Experts Weigh In On The Current State Of The Supreme Court
(DBN)

What Would Clinton Win Mean for SCOTUS?
(DBN)

Judge who dropped C-bomb in court to be investigated
(DBN)

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Wall Street:

U.S. stocks shape up for more gains after record trifecta
(DBN)

S&P 500, Nasdaq, Dow log records on the same day for the 1st time This U.S. market rally gives investors good reason to be cautious
(DBN)

This popular stock market indicator just suffered another major fail
(DBN)

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Layoffs:

Nearly 44,000 retail workers have been laid off in 2016
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Macy's to close 100 stores Macy's massive store closings deliver a harsh reality to retailers Why Shutters are Coming Down at Macy’s 4,500 layoffs Macy's Is Having Relationship Trouble
(DBN)

Top retailers that are closing stores in 2016
(DBN)

Healthy Consumer Spending Is No Comfort for Retailers
(DBN)

Is the department store era ending?
(DBN)

Aeropostale Asks Lenders To Push Back Ch. 11 Milestones
(DBN)

Sports Authority Asks For Smaller Non-Bonuses For 3 Remaining Executives
(DBN)

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Art:

British artist, once said to be worth nearly £100m, to auction works after going bankrupt
(DBN)

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Politics:

Deposition Reveals Donald Trump’s Less Than Truthful Side The Lawyers Are Alright WashPo: Trump was Caught in 30 Lies During One 2007 Deposition Elizabeth Warren, Mary Jo White Have Shared a Foe: Donald Trump Secret Service spoke to Trump campaign about 2nd Amendment comment Fact checking Trump's energy claims Donald Trump Attacks Hillary Clinton’s Economic Policy in Speech to Home Builders Donald Trump was for the auto bailout, before he was against it, before he was both Canada's Trumps say they're not impressed with the Donald Donald Trump Says He’ll Keep Calling Clinton and Obama the ‘Founders of ISIS’ Donald Trump suggests US citizens could be sent to Guantánamo Bay Trump isn’t the only Republican arguing Obama caused ISIS. He just used the word “founded.” Republicans Need to Get Ready for the Trump Aftershock A Crowd-Pleaser's Theory of Donald Trump Trevor Noah explains what's really behind Donald Trump's 2nd Amendment comment 2 polls of Donald Trump's standing in Iowa, exactly one year apart, are a time warp into the 2016 campaign Trump Advisers Try to Head Off Possible ‘Scam’ of His Tax Plan How Much Does Donald Trump Pay in Taxes? It Could Be Zero What the Polls Are Missing About Trump Donald Trump has debuted a new 'world of charts,' so we looked at how honest they are 'Donald Trump's chances of being elected president are evaporating by the day' Donald Trump campaign to meet RNC officials in Orlando Trump just confirmed every Republican's worst fear Trump touts child care programs, but they're for guests only
(DBN)

Donald Trump, Hillary Clinton Target Each Other’s Vulnerabilities
(DBN)

Fact-Checking Hillary Clinton’s Speech on the Economy New Hillary Clinton Emails Suggest Aides Intervened on Behalf of Donors Clinton portrays Trump economic plans as handouts for rich Clinton to release tax returns in move to pressure Trump DOJ Blocked FBI Investigation Into Potential Public Corruption at Clinton Foundation Clinton's Edge Grows If Third Parties Fade Clinton Has a Plan for That
(DBN)

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Education:

Education Department Rebukes For-Profit College’s Request for Nonprofit Status
(DBN)

Sacred Heart U Gets to Keep Tuition Bankrupt Parents Paid
(DBN)

Debt-Laden Dowling College Is Officially Shutting Down
(DBN)

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Media:

Gawker throws a party that might have been a wake The Last Media Party: Gawker Throws a Bankruptcy Bash Defiant Toasts at the Gawker Wake
(DBN)

Ex-Gawker Editor On The Verge Of Bankruptcy After Hulk Hogan's Lawyers Freeze His Assets Judge Rules That Hulk Hogan Gets Control of Former Gawker Editor's Assets
(DBN)

Bankrupt Gawker being pursued by several suitors
(DBN)

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Celebs:

Breakdown of Clinton Portis’ $5 Mil Debts Being Wiped Out in Bankruptcy
(DBN)

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Gambling:

Doubling Down in Atlantic City
(DBN)

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Consumer Finance:

Installment loans just as risky as payday loans, Pew warns
(DBN)

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Corporate Reform:

Wall Street Wants Five More Years to Comply with Volcker Rule
(DBN)

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Accounting:

PwC Auditing Violations Justify $5.5B Claim, Expert Says
(DBN)

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Economy:

WSJ Survey: Economists Point to December Rate Increase for Fed
(DBN)

Jobless claims dip to 266,000
(DBN)

The U.S. Recovery Finally Pays Off for Workers
(DBN)

Fed should raise interest rates this year, Williams says
(DBN)

Mortgage Delinquencies and the Unemployment Rate
(DBN)

More Adult Americans live w Parents / Grandparents
(DBN)

US labor market firming; inflation remains benign
(DBN)

The United States of Debt
(DBN)

U.S. Companies Doubled Down on Junk-Rated Debt Issuance in July
(DBN)

Clinton's Fiscal Prudence Runs Counter to Krugman's Call to Borrow
(DBN)

Why China Trade Hit U.S. Workers Unexpectedly Hard
(DBN)

Negative Rates for the People Arrive as German Bank Gives In
(DBN)

When Will The Record Corporate 'Debt Binge' Collapse?
(DBN)

Student loan debt isn’t the only thing keeping millennials awake
(DBN)

Early Returns From Seattle's Minimum-Wage Experiment
(DBN)

The Titanic Risks of the Retirement System
(DBN)

Record Numbers Are Renouncing Citizenship
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Real Estate Developer Latest to Be Sued By Bankruptcy Trustee Over Doomed Fashion Mall
(DBN)

Lopsided Housing Rebound Leaves Millions of People Out in the Cold
(DBN)

Mortgage Delinquencies and Foreclosures Continue to Decline in 2Q 2016
(DBN)

US 30 Year Mortgage Rate Ticks up to 3.45%
(DBN)

REIT stocks rocked by store closure fears
(DBN)

Fannie Mae: Millennials finally starting to buy homes
(DBN)

Houston Homes Prices Fell in Second Quarter
(DBN)

Fannie Mae selling off more than $1 billion in non-performing loans
(DBN)

Roughly two-thirds of Californians can’t afford to buy a home
(DBN)

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Municipalities:

Post-Bankruptcy Detroit Hasn't A Clue How Much Comp Time It Owes Employees
(DBN)

Rhodes: 'No intent to forgive' EAA debt
(DBN)

Transition manager Steven Rhodes to extend DPS pact
(DBN)

Welcome To Y'all Street: Cities Challenging New York For Financial Supremacy
(DBN)

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Oil/Gas:

Key Energy Negotiating With Lenders and Bondholders, Bankruptcy Possible
(DBN)

‘The thawing is underway’: Private equity finally swoops in to pick up distressed U.S. oil assets
(DBN)

Workouts and turnarounds: Bankruptcy doesn’t have to be the answer
(DBN)

Ocean Rig UDW Announced That It May File For Bankruptcy Due To Market Conditions
(DBN)

Oil up 5 percent as Saudis mull meeting, tighter market forecast Oil Flips Higher on Hopes for Easing Glut, Production Freeze Oil ends near 3-week high as Saudis hint at plan to stabilize crude market Oil Glut Eases, but U.S. Drillers Still Hurting
(DBN)

Is Saudi Arabia About To Cry Uncle In The Oil Price War?
(DBN)

Oil trades near 1-week low after U.S. stockpiles rise
(DBN)

Shale pioneer unloads original field that started it all
(DBN)

IEA: Crude Production to Fall Behind Demand IEA says global oil demand growth could sink
(DBN)

Predictions That The Oil Market Is Coming Into Balance May Be Premature
(DBN)

Houston E&P energy company emerges from bankruptcy
(DBN)

Oil crash pushed producers to revamp technology, analyst says
(DBN)

Game of Chicken Continues Among Oil Producers
(DBN)

Swiber Mulls Legal Action Against London-based Private Equity Firm AMTC
(DBN)

Texas shale basin left behind
(DBN)

Fitch: HY Volume Picks Up Pace in July, August as Energy Defaults Continue
(DBN)

Brazil oil giant Petrobras swings to profit on rising output, exports
(DBN)

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Healthcare:

Short of Cash, Northwest Bio Flirts With Insolvency
(DBN)

Why Americans Are Drowning in Medical Debt
(DBN)

Next President Faces Obamacare Meltdown
(DBN)

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Bankruptcy Crimes:

Prosecutors: Ex-CEO gets prison after post-petition Vegas gambling binge CEO of Montgomery Steel Company Sentenced for Bankruptcy Fraud
(DBN)

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Fishing:

Creditors fear Pacific Andes’ non-US bankruptcies could ‘block’ transfer of Peru assets
(DBN)

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Pharma:

Valeant Under Criminal Investigation Valeant, Philidor 'Hush Money' Has Wall Street Talking Valeant's Turnaround Tale Has Another Twist
(DBN)

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Pensions:

U.S. public pension plans take more risks to keep contributions low -study
(DBN)

Can Dallas Police and Fire Pension fund be saved?
(DBN)

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Fraud:

NY: Former Metro Fuel CFO sentenced in $30M bank fraud
(DBN)

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Tech:

Revenue slips, loss widens at Syniverse
(DBN)

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Food/Beverage:

Big Firms on Opposite Sides of Restaurant Bankruptcies
(DBN)

Fox & Hound's shift to part-time workers contributes to bankruptcy
(DBN)

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Autos:

GM Continues to Seek Shield From Ignition-Switch Suits
(DBN)

2nd Circ. Should Flip GM Ignition-Defect Ruling, NAM Says
(DBN)

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Debt Collection:

CFPB debt collection proposal called most significant change in 30 years
(DBN)

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Shipping:

Global shipping giant reports 90 percent fall in net profit
(DBN)

Hanjin Shipping Faces Bankruptcy
(DBN)

____________

Currency:

Bitcoin Traders Made 700% Returns Before Losing Millions in Hack Attack
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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:

AL #3 in US for bankruptcy filings, Houston Co. 3rd in state
(DBN)

Ohio ranks near top in US for bankruptcy filings
(DBN)

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Proofs of Claim:

7th Cir. Deepens Split on FDCPA Liability for ‘Time-Barred’ Claims
(DBN)

Court Affirms Dismissal of Crawford Case for FDCPA ‘Time-Barred’ Proof of Claim, Case Was Itself ‘Time-Barred’
(DBN)

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Property of the Estate:

Auto Accident Settlement Funds Belong to Bankruptcy Estate
(DBN)

____________

Bankruptcy Remoteness:

A Brief Guide to Automatic Stay Waivers, Bankruptcy Remoteness, and Bad Boy Guarantees
(DBN)

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Discharge:

Debtor Lies on Loan Application; Gets Discharge Anyway
(DBN)

Expenses of Jailing a Child Are Dischargeable, Ninth Circuit Holds
(DBN)

Fifth Circuit Clarifies Texas Law on Remand in Husky v. Ritz
(DBN)

____________

Avoidance Actions:

College May Keep Tuition Money Paid by Bankrupt Parents, Judge Rules
(DBN)

District Court Overturns Bankruptcy Court in Lyondell Fraudulent Transfer Litigation, Rules CEO’s Fraudulent Intent May Be Imputed to Corporation
(DBN)

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Plan Confirmation:

Confirmation Of A Chapter 11 Plan: Good Faith In The Context Of “Artificial Impairment”
(DBN)

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Mediation:

How Mediation Developed in Bankruptcy Court (Part 3)
(DBN)

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Professional Compensation:

Trustee Objects To $11.5M Fee Bid In Caesars Bankruptcy
(DBN)

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Bankruptcy Rules:

Proposed Amendments to the Federal Rules of Bankruptcy Procedure
(DBN)

We Need a Federal Bankruptcy Rule on Mediation
(DBN)

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Contempt:

Fla. Tax Agency In Contempt For Collection, 11th Circ. Says
(DBN)

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Jurisdiction:

Bankruptcy Court Has ‘Core’ Power to Enforce a Final ‘Non-Core’ Order, Circuit Says
(DBN)

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Insurance:

Distressed Assets Pile Up at Life Insurers, and More Are Coming
(DBN)

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Coal:

Is Coal Coming Back?
(DBN)

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Religion:

Victims’ attorneys appeal judge’s decision not to consolidate parish, archdiocesan assets
(DBN)

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Sovereigns:

Sovereign Debt: Now What?
(DBN)

____________

UK:

Declining corporate insolvencies in the UK
(DBN)

Jones Day joins DLA Piper on BHS administration
(DBN)

Pensions watchdog: Another BHS-style disaster could happen
(DBN)

Trowers law firm freezes pay for associates and staff over Brexit
(DBN)

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PIIGS:

Abengoa staves off insolvency with €1.17bn restructuring
(DBN)

Italian economy grinds to a halt as recovery runs out of steam
(DBN)

Greece surprises with economic growth
(DBN)

____________

Canada:

BC home sales skid, high prices persist: real estate association
(DBN)

____________

Brazil:

Oi Will Reverse Cash-Burn Problem in Third Quarter, CEO Says
(DBN)

Brazil's Oi posts worse-than-expected loss as job costs rise
(DBN)

Brazil Oi's in-court reorganization helps ease cash burn
(DBN)

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Australia:

Setting aside DOCAs and exercising the casting vote
(DBN)

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MENA:

IMF Reaches Preliminary Deal With Egypt on $12 Billion Loan Program
(DBN)

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Germany:

Air Berlin Bankruptcy?
(DBN)

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China:

UBS: China's Already Started Bailing Out its Banks
(DBN)

How British firms built a pyramid scheme in China that lost millions
(DBN)

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El Salvador:

El Salvador Downgraded by Moody’s as Government Debt Rises
(DBN)

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Venezuela:

Venezuela Has Good Reasons to Avoid Default
(DBN)

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Malaysia:

Azalina: Govt plans to improve on Bankruptcy Act 1967
(DBN)

____________

Singapore:

Recognition of foreign insolvencies at common law: Singapore sets COMI precedent
(DBN)

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