August 19, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Firm Announces Raises To $170K Scale
(DBN)

Why is there a disconnect between what firms are doing and what clients want?
(DBN)

Reinventing The Law Business: Succession Planning – Yuck!
(DBN)

Which Client Pitches Work?
(DBN)

What Your Outside Law Firms Really Think About You
(DBN)

Law firms offer unlimited vacation, paid ‘global experience’ in bid to lure associates
(DBN)

Which Law Firms Will Be Hurt Most by Associate Salary Increases?
(DBN)

Latham and Ropes & Gray lead on Gawker sale
(DBN)

UNT-Dallas Is Either A Brave Little Law School Or A School for Scoundrels
(DBN)

Clifford Chance clamps down on cab cheat lawyers Leaked email: Clifford Chance issues warning
(DBN)

Allen & Overy breaks lockstep to reward NYC hires
(DBN)

Law Grad Class Of 2015 Secured Fewest Private Practice Jobs Since 1996
(DBN)

6 Marketing Traps Law Firms Fail to Avoid
(DBN)

Hogan Lovells lawyer carries Olympic flame
(DBN)

Ashurst holds back profit distribution after 19 per cent PEP drop
(DBN)

How Partner Profits Have Changed Over 10 Years
(DBN)

The Value of Client-Driven Collaboration
(DBN)

Robots predicted to make major savings for legal departments
(DBN)

More Evidence That Sitting Is Bad For Us, And Exercise Alone Won't Save Us
(DBN)

Students Finally Told Their Exam Was Stolen — They Are Pissed
(DBN)

‘The Last Days of Night’ Puts A New Spin On Cravath
(DBN)

Top 10 Places To Live And Work In Biglaw (2016)
(DBN)

The iPhone 7 is hitting stores on September 23 — here's what you're getting
(DBN)

Ex-Ashurst lawyer on trial for slapping woman's b-- and calling her a s---
(DBN)

Two US swimmers are pulled from plane; official alleges armed robbery claim was a lie Rio police now reportedly say alleged robbery of US swimmers was actually a confrontation over a broken door Brazilian police recommend charging US Olympic swimmers with giving false testimony Report: Lochte's teammates told police he 'fabricated' the robbery story Swimmer in Lochte scandal will pay $11,000 to leave Rio Lochte's Teammates Admit He Lied US Apologizes for False Robbery Tale Will Ryan Lochte be Extradited to Brazil? Doubt it. James Feigen Not So Lucky. Brazilian Authorities’ Own Account Actually Supports Lochte’s Robbery Story Ryan Lochte Fails to Charm Brazil For Some Reason
(DBN)

Competing With Your In-House Colleagues
(DBN)

Could Israel Be The Next Contract Lawyer Powerhouse?
(DBN)

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Judges:

BK ED MI: Notice Of Appointment Of New Bankruptcy Judge
(DBN)

MD LA BK Offers Ch. 13 Payments Deferrals Due To Flooding
(DBN)

Judge Removed After Allegedly Allowing Law Clerk To Wear Robe, Hear Cases
(DBN)

Benchslap Of The Day: Turnabout Is… Painful
(DBN)

Supreme Court Curtly Kicks Lawyer In Teeth Over Extension Request
(DBN)

What a Trumpian Supreme Court Might Look Like
(DBN)

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Wall Street:

U.S. stocks poised for losses as Fed rate-hike debate rages on
(DBN)

US stocks edge higher as energy prices rise; dollar weakens
(DBN)

Wall Street is abandoning Wall Street because it's too expensive
(DBN)

Wall Street is no longer New York City's biggest job engine
(DBN)

So you want to be a Wall Street banker? Here's how much you'll get paid
(DBN)

Paul Singer fund: Market 'breakdown' to be 'sudden, intense, and large' Why Paul Singer may be wrong on market collapse
(DBN)

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Layoffs:

Caterpillar to trim 155 workers on mining business restructuring
(DBN)

Neiman Marcus restructuring leads to less than 100 layoffs
(DBN)

Boeing to issue 100 layoff notices Friday
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Prisons:

The Department of Justice is ending the use of private prisons Feds End Use of Private Prisons, but Questions Remain
(DBN)

Private prisons are crashing Private Prison Stocks Enter Correction Territory Jail Stocks Slammed As DOJ Announces End To Private Prison Use
(DBN)

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Shipping:

Thousands of ships are being destroyed — and it's terrifying news for the global economy
(DBN)

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Alternative Energy:

SunEdison and Vivint Can't Agree on Timetable for Merger Suit
(DBN)

Judge Approves Auction Rules for SunEdison Projects
(DBN)

Behind Sunedison's 99.5% Loss in 10 Years
(DBN)

Vivint Not Close To Deal With SunEdison Over Failed Merger
(DBN)

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Celebs:

’90 Day Fiancé’ Star Narkyia Files For Bankruptcy — Does Her Future Husband Know?
(DBN)

50 Cent Claims African Mansion Is Not Real Amid Bankruptcy Filing
(DBN)

Teresa Giudice's money woes: With husband Joe in jail, Uncle Sam wants more
(DBN)

Randy Travis DWI arrest video should be released, appeals court says
(DBN)

____________

Taxis:

How Uber plans to put its own drivers out of business Uber CEO Travis Kalanick says his company's self-driving cars will create more jobs, not destroy them
(DBN)

Judge Rejects Uber's $100M Settlement
(DBN)

Uber May be Worth Half What Investors Think
(DBN)

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Radio:

Conservative-leaning talk radio syndicator in Raleigh files for Ch. 7 bankruptcy
(DBN)

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Coal:

$175M Peabody Mine Cleanup Deals Get Bankruptcy OK
(DBN)

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Defaults:

S&P: High Yield Default Rate to Hit 5.6% by June 2017
(DBN)

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Corporate Reform:

A Deutsche Bank whistleblower just pulled a gutsy move to highlight what's wrong with Wall Street
(DBN)

____________

Economy:

Weekly Initial Unemployment Claims decreased to 262,000
(DBN)

The wealthy have nearly healed from recession. The poor haven’t even started.
(DBN)

NY Fed finds employers are cutting jobs because of Obamacare
(DBN)

Greenspan; Interest Rates to Rise, Maybe Fast
(DBN)

Savers hit by negative rates are starting to store their cash in safes: S&P
(DBN)

Philly Fed Manufacturing Survey showed Weak Growth in August Philly Fed business index rises, job gauge hit seven-year lows
(DBN)

Bank Card Default Rates Decline in July
(DBN)

Pay Gap Between Public-School Teachers and Similar Workers Is Wider Than Ever
(DBN)

New York Fed: Consumer Spending Growth ‘Robust’ in June
(DBN)

Fed's Dudley upbeat on US employment, return of middle-wage jobs
(DBN)

Fed has limited room to maneuver on interest rate hikes: Kaplan
(DBN)

Fed’s Williams: Waiting too long to hike rates could be costly
(DBN)

Imbolo Mbue Tracks the 2008 Crisis Through Immigrant Eyes
(DBN)

LA area Port Traffic Mostly Unchanged in July
(DBN)

Larry Summers: What we need to do to get out of this economic malaise
(DBN)

The $50 American Road Trip - Then and Now: 2005-2016
(DBN)

Illegal immigrants aren’t taking your houses, or your jobs
(DBN)

Fannie Mae: Economic rebound on the way for second half of 2016
(DBN)

If You Drive For a Living, Look for Another Career
(DBN)

Why Milton Friedman Was Wrong
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Evidence Rule Gives Wide Latitude for a Homeowner’s Opinion on Value
(DBN)

Why Cities Lag Behind Suburbs in the Housing Recovery
(DBN)

Zillow: Negative Equity Rate declined in Q2 2016 Negative Equity Rate Declined in Q2 2016
(DBN)

More homeowners taking loan modifications, avoiding foreclosures
(DBN)

Homes going into foreclosure hit 11-year low in July
(DBN)

Mortgage credit defaults increase slightly in July
(DBN)

Ch. 7 Trustee Avoids Maine Mortgage Due to Incomplete Acknowledgment
(DBN)

There's an office glut in New York City
(DBN)

Fannie, Freddie headed for trouble
(DBN)

____________

Municipalities:

Wall Street Vultures Descend On Debt-Ridden Puerto Rico
(DBN)

Puerto Rico’s Worst-Funded Pension Risks Bondholder Showdown
(DBN)

Give Puerto Rico a Shot at Growth
(DBN)

Freeze Public Pensions, Give Workers 401(k)s
(DBN)

Atlantic City council fails to dissolve MUA, violates state loan terms How the Atlantic City MUA became the key to the city's future
(DBN)

Top Twenty Cities to Start a New Business
(DBN)

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Oil/Gas:

Energy Junk Debt Acts as If Oil Plunge Never Happened
(DBN)

Oil Patch Bankruptcies Hit $66.5 Billion
(DBN)

Discounts for Energy Industry Services Ending
(DBN)

Saudi Arabia’s oil exports at 3-month high as output climbs Saudi Arabia is pumping out oil at a record pace to gain leverage
(DBN)

The Saudis Did NOT See This Coming From US Oil
(DBN)

Why oil prices just stampeded into bull-market territory Oil prices struggle to hold onto gains, but still 8% higher on the week Oil Prices Continue To Rise On Hollow Saudi Comments Merrill Lynch Expects A 46% Jump In Oil Prices By June 2017
(DBN)

Crude oil is scaling out of a bear market
(DBN)

Energy companies withholding supply to blame for July price spike
(DBN)

Déjà vu? Price of Oil Rising on Talks of Production Freeze…Again
(DBN)

Weatherford Is Insolvent By $3.1 Billion
(DBN)

Oil Debt Woes Reach Malaysia as Offshore Rig Bonds in Distress
(DBN)

____________

Retailing:

American Apparel Inc Considers Sale As Bankruptcy Saga Hops to the Next Chapter
(DBN)

JCPenney CEO: Macy's and Sears' worst nightmare is good news for us
(DBN)

Perry Ellis to close 15 stores after loss widens
(DBN)

Thanks, Wal-Mart: Retailer Earnings Now Projected to Grow (!) in Second Quarter
(DBN)

Broncos Buy Stadium Naming Rights From Sports Authority
(DBN)

____________

Gambling:

Caesars Entertainment Corp has a new strategy for resolving its contentious bankruptcy
(DBN)

Diamondhead Creditors Seek To Avoid Punitive Damages
(DBN)

____________

Media:

Say goodbye to Gawker.com Gawker to shutter less than 3 months after declaring bankruptcy Gawker.com To End 14-Year Run As Univision Rejects It In Bankruptcy Sale Why the Death of Gawker Isn’t Something to Cheer About The Road to Gawker's End
(DBN)

'Byzantine Tax Tactics' May Shield Gawker's Assets From Hulk Hogan's $140 Million Judgment
(DBN)

Former Gawker Editor Lashes Out At Peter Thiel, Calls Freeze On His Checking Account 'Ludicrous'
(DBN)

____________

Politics:

'The future of this party is at risk'
(DBN)

Trump's New Campaign Tactic: I'm Sorry Donald Trump says he regrets things he said that may have caused personal pain Why Trump is Wrong Again and Again About the Car Industry Billionaire investor Howard Marks just slammed Donald Trump's economic policies Trump Sees an Economy in Tatters, But Many Republicans Are Feeling Just Fine Trump: Soon you will call me 'MR. BREXIT!' This is what would happen if Trump quit the presidential race Everyone on social media is mocking this Trump lawyer’s #SaysWho fiasco Donald Trump's Tax Ideas Could Boost Debt-Laden Real Estate Firms Laurence Tribe Tweet About Trump Sparks Controversy A massive new study debunks a widespread theory for Donald Trump’s success Why these die-hard Democrats are rooting for Trump You’ll Have Goldman Sachs To Thank For President Trump Why Blacks Loathe Trump Being an Ideologue Means Never Having to Say You're Wrong Suburban Voters Shun Trump in 3 Key States Trump’s Call for Rules Freeze Gets Cold Shoulder From Bank Lobby We Are Learning Less About Trump's Tax Plan, Not More
(DBN)

What Would Clintonomics Bring? Breaking Down Hillary Clinton’s Economic Policy. Can Hillary Manage Her Unruly Coalition? FactCheck: Clinton Plays Partisan Game Reagan's political director ditches Trump to support Clinton
(DBN)

Clinton and Trump Are Both Wrong on Corporate Taxes
(DBN)

Voters don't hate Clinton AND Trump
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 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)

______________

Interest:

Secured Creditors Must Be Diligent To Protect Post-Petition Interest And Costs
(DBN)

Post-Petition Interest in a Solvent Case: What Interest Rate Controls?
(DBN)

____________

Discharge:

Courts Divided on Contempt Sanctions as Automatically Nondischargeable
(DBN)

____________

Jurisdiction:

Diverting Assets after Confirmation Does Not Give Rise to ‘Core’ Claims
(DBN)

____________

Mediation:

How Mediation Developed in Bankruptcy Court — A Local Example (Part 4)
(DBN)

____________

Cross-Border:

Return to Sender? Domestic Reach of Foreign Stay Can Be Modified in Chapter 15 Recognition Order, Without Trip to Foreign Court
(DBN)

____________

 

Recent Pleadings:

Opinion Confirming Plan In Sabine Oil Case
(DBN)

______________

Pharma:

Valeant is getting sued for an allegedly 'fraudulent scheme'
(DBN)

Valeant Gets Lenders’ Blessing to Loosen Debt Requirements
(DBN)

____________

Awards:

International Women's Insolvency and Restructuring Confederation Announces 2016-2017 Board of Directors
(DBN)

____________

Weather:

What it's like on the ground in Louisiana, where a historic flood hit 40,000 homes and left a trail of destruction
(DBN)

About 86,500 people have sought federal aid after Louisiana floods
(DBN)

____________

Healthcare:

This graph shows how bad US healthcare is compared to the rest of the world
(DBN)

Feds eye doctors for Obamacare 'steering'
(DBN)

____________

Ethanol:

EPA Watchdog: Government Failed to Study Ethanol's Impact
(DBN)

The War Against Ethanol Pt. 1
(DBN)

____________

Student Debt:

Ads tout fake 'Obama student loan forgiveness' program
(DBN)

Sandy Baum challenges media sensationalism and political hype about student loans
(DBN)

____________

Personal Finance:

5 signs you have a spending problem — even if it doesn't feel like it
(DBN)

____________

Venture Capital:

A Silicon Valley VC firm is reportedly collapsing after its founder went overboard with frivolous spending
(DBN)

____________

Accounting:

Ex-GC Says PwC's Audits Critical To $5B Taylor Bean Fraud
(DBN)

____________

Travel:

Airport workers reveal 14 hacks that will make your next flight easier
(DBN)

____________

Autos:

The small-car market in the US is officially a disaster
(DBN)

____________

UK:

4 for the price of 2 at BHS
(DBN)

Lawyers may soon be hit with fines for providing legal advice that supports clients' efforts to avoid taxation.
(DBN)

____________

PIIGS:

Athens Tests the Waters as Another Bailout Review Nears
(DBN)

____________

Canada:

Charges Laid in Bankruptcy Fraud Investigation
(DBN)

____________

China:

China’s Secret Lists of Zombie Borrowers Leave Banks in the Dark
(DBN)

____________

Turkey:

Turkey Tightens Bankruptcy Postponement Regime
(DBN)

____________

Guernsey:

Discharge of an administration order - a pragmatic approach
(DBN)

____________

India:

Changes in Recovery Law to Expedite Disposal of 70,000 Cases of Bad Loans
(DBN)

____________

France:

French Jobless Rate Falls Below 10% for First Time in Four Years
(DBN)

____________

Mongolia:

The Land of Genghis Khan Is Having an Epic Economic Meltdown
(DBN)

____________

 


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