August 3, 2016

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:

Law firm market ‘stumbled’ in second quarter; rising headcount is partly to blame Demand Plunge ‘Blindsides’ Firms
(DBN)

Firm Details The ‘Special Bonus’ It Will Offer To Close The Cravath Gap
(DBN)

Struggling Firm Desperately Seeking Savior As Lawyer Headcount Sinks
(DBN)

‘I’ve Pretty Much Quarantined Myself’: How Pregnant Lawyers in Miami are Responding to Zika As Zika Infections Rise, Law Firms Follow Ebola Playbook
(DBN)

This Biglaw Firm Is Out Of Touch With Associate Compensation Issues
(DBN)

Releasing imperfect work is something we all have to do and, for most of us, it is something we learn on the job
(DBN)

Why Tim Kaine became disillusioned with Harvard Law School
(DBN)

Beyond Biglaw: 3 Lessons From Brooklyn’s Streets
(DBN)

More Disturbing Details About The Dan Markel Murder Case
(DBN)

The ABA Is Doing ‘Absolutely Nothing’ About Low-Performing Law Schools Department Of Education Panel: 'The ABA Is Nero, Fiddling While Much Of Legal Education Burns Down'
(DBN)

How A Law Professor Gained Perspective On Law School Woes
(DBN)

The 24 smartest law schools in the US
(DBN)

GC Comp 2016: The Bonuses Edition
(DBN)

GC Comp 2016: The Salary Edition
(DBN)

The Shrinking Legal Market
(DBN)

Female lawyers have some advice for male colleagues
(DBN)

Ashurst partners vote for lockstep overhaul and ‘superpoints’
(DBN)

End in Sight for King & Wood Mallesons Restructuring
(DBN)

What Today’s Big Windows 10 Update Means for Lawyers
(DBN)

Man plagued by Pokemon Go players files nuisance class action
(DBN)

Lawyers for alleged church-shooter Dylann Roof argue death penalty is unconstitutional
(DBN)

After-school Satan clubs are planned to counter Bible clubs
(DBN)

Hackers stole $60 million from a bitcoin exchange in a massive heist
(DBN)

Why Americans Think Crime Is Worse Than It Is
(DBN)

______________

Judges:

Lawyer Helped Judge Survive Obscenity Scandal
(DBN)

Retired Bankruptcy Judge Joins ADR Practice
(DBN)

______________

Wall Street:

Dow eyes 8th loss in a row, with services and labor data ahead
(DBN)

Stocks Pressured by Earnings, Worries About Economy Dow Logs Seventh Straight Session of Losses
(DBN)

______________

Layoffs:

Rockford Products warns of 171 layoffs
(DBN)

UAW: 115 Freightliner workers to be laid off
(DBN)

Flanders Electric company to lay off over 100 employees
(DBN)

Altice reportedly lays off 100
(DBN)

Kennametal to cut 1,000 jobs
(DBN)

Maersk Drilling To Cut US Jobs After Contract Loss
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Trump's Former Lawyer Pens Massive Article Explaining Why He Mustn't Be President A comprehensive guide to Donald Trump’s endless business failures Trump Men Disagree With The Concept Of Harassment Trump: If I Were President Captain Humayun Khan Would be Alive Donald Trump and City of Harrisburg, Pennsylvania, Now Also Feuding Trump says he 'got out' of stock market Donald Trump Pitches Half-Trillion-Dollar Plan to Rebuild America’s Infrastructure Former Trump Campaign Manager Revives Birther Claim on CNN Christie: Trump criticism of Khan family "inappropriate" Trump Video Depositions in University Suit Won’t Be Public Judge Curiel Hands Trump a Fresh Rebuke Trump: This Election May be Rigged
(DBN)

Trump refuses to support Paul Ryan, John McCain in upcoming Republican primaries
(DBN)

Obama: Trump Unfit for Presidency, GOP Should End Support
(DBN)

Donald Trump Ducks Tax Disclosure Nixon's Failed Effort to Withhold His Tax Returns
(DBN)

Meg Whitman Endorses Hillary Clinton, Says Trump Would 'Endanger National Security'
(DBN)

____________

Turnarounds:

CIO reflects on a career of successful turnarounds
(DBN)

____________

Farmers:

Farm Bankruptcy Case Highlights Debt Limitation in Chapter 12 Bankruptcy
(DBN)

____________

Aviation:

US Airlines Reach The Top Of Their Circle Of Life. Union Leaders Demand Bigger Shares Of The Spoils
(DBN)

____________

Fraud:

Why White Collar Crime Is Here to Stay
(DBN)

Judge tells Trump lawyers to prepare for discovery in fraud case Judge Allows Trump University Case to Go to Trial Trump U Judge Rules Against Trump: 'Genuine Issue' Whether He 'Knowingly Participated' in Fraud Scheme
(DBN)

Providence Financial files for bankruptcy protection
(DBN)

____________

Economy:

A huge part of the economy is hitting a wall
(DBN)

Survey: Debt Exceeds Assets for Some Households in the US
(DBN)

Year-over-Year Change in Employment Since 1968
(DBN)

Consumer Spending Was Up in June
(DBN)

Gov't Rules Trap Millions in Poverty
(DBN)

Trump Urges Exit From Market Boosted by ‘Artificially Low’ Rates Moody’s: Threat Of Economic Apocalypse Definitely Lower Under Hillary
(DBN)

Inside the aging lock that is one breakdown away from crippling North America’s economy
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

CoreLogic: Home prices on the rise
(DBN)

The New Thorn in the Sides of Big Banks
(DBN)

____________

Municipalities:

Atlantic City’s Cost Cutting Seen Stopping Short of Default
(DBN)

East Cleveland takes step toward annexation study
(DBN)

Getting bankruptcy right trumps speed
(DBN)

____________

Retailing:

Judge refuses bonuses for executives at bankrupt Sports Authority Judge Rejects Bonus Package for Sports Authority’s Top Executives Judge refuses bonuses for executives at bankrupt Sports Authority
(DBN)

Retailers Forecast Bankruptcy If Back-To-School Sales Fizzle
(DBN)

Sports Authority 'in breach' of naming-rights contract at Broncos stadium
(DBN)

Judge refuses bonuses for executives at bankrupt Sports Authority
(DBN)

____________

Gambling:

Caesars Jumps After Extending Higher Offer to Junior Creditors
(DBN)

Caesars Entertainment Reports Financial Results for the Second Quarter 2016 Caesars Logs $2 Billion Loss on Charges Tied to Largest Unit’s Reorganization
(DBN)

____________

Oil/Gas:

Dallas Fed chief sees more energy mergers, bankruptcies this year
(DBN)

US Oil Hovers Near $40 Oil In Freefall Following A Bout Of Bearish News
(DBN)

Despite recent slide, oil expected to rebound as companies continue to slash costs
(DBN)

Here's how companies can survive $40 oil
(DBN)

'The days of $100 oil are gone.' So what's next?
(DBN)

Analysts see $57 crude in 2017
(DBN)

Guess where activist hedge funds are looking for profits now
(DBN)

Denver energy company skips interest payment
(DBN)

Louisiana's oil and gas companies still struggling
(DBN)

Junk Bonds Aren't Ignoring the Fall in Oil Prices
(DBN)

Offshore drillers less than optimistic Diamond Offshore: Deepwater Rig Contracts Outlook Is Bleak
(DBN)

Singapore Rig Giant's Man In Brazil Says Managers Backed Bribes
(DBN)

____________

Shipping:

Hanjin Shipping restructuring at stalemate
(DBN)

Is Hanjin Shipping Going Into Court Receivership?
(DBN)

____________

Food/Beverage:

Southern Season scales back plans in bankruptcy
(DBN)

Southern Season CEO: Outright sale talk is 'premature'
(DBN)

Logan's Roadhouse Said to Plan Bankruptcy Amid Restaurant Slump
(DBN)

____________

Student Debt:

Why Student Loan Defaulters Are Ignoring Creditors
(DBN)

Massachusetts attorney general urges U.S. to forgive student loans for alleged ACI victims
(DBN)

Here’s why forgiving student debt isn’t so simple
(DBN)

____________

Alternative Energy:

SunEdison Wins Court Approval for Executive Bonuses
(DBN)

____________

Celebs:

More Lawyers Join Gawker Fray as CEO Files for Personal Bankruptcy
(DBN)

Nick Denton: I declared bankruptcy to protect Gawker
(DBN)

____________

Distressed Investing:

Mudrick Said to Gain 27% Beating Distressed Hedge Fund Rivals
(DBN)

Junk Bond Issuance Collapses In The U.S. And Europe
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Business Bankruptcies Tick Up; Overall Filings Lowest Since 2007
(DBN)

Bankruptcy filings down 11 percent from last year
(DBN)

WI: Mid-year bankruptcy filings down
(DBN)

Bankruptcy League Tables
(DBN)

______________

TBTF:

U.S. regulators extend 'living will' deadline for some large banks
(DBN)

____________

Abstention:

Bankruptcy Court Defers to Probate Court After Debtor Dies
(DBN)

____________

Discharge:

False Representations No Longer Required to Prove `Actual Fraud' Under the Bankruptcy Code
(DBN)

____________

Avoidance Actions:

Lyondell CEO's Alleged Fraud Supports Trustee's Claim
(DBN)

New Jersey Court Rejects Fraudulent Transfer Claim Based on Transfer of Husband’s Accounting Business to Wife’s New Company
(DBN)

____________

Structured Dismissal:

Supreme Court Agrees to Resolve Circuit Split Regarding Structured Dismissals
(DBN)

____________

FDCPA:

Eleventh Circuit Reaffirms its Prior Ruling that Debt Collectors who File Time-Barred Proofs of Claim are Subject to Liability Under the Fair Debt Collections Practices Act, and Further Concludes its Holding does not Place the FDCPA in Conflict with the B
(DBN)

____________

Mediation:

Bankruptcy Mediation? “Over My Dead Body,” Says a Bankruptcy Judge
(DBN)

____________

Trustees:

Terminating a Trustee? Not So Easy.
(DBN)

____________

Safe Harbors:

Seventh Circuit: Section 546(e) Safe Harbor Does Not Shield From Avoidance Transfers Made Through Financial Institution Conduits
(DBN)

____________

Food/Beverage:

How did Berkeley wine store accrue $70M in debt?
(DBN)

____________

Claim Allowance:

Is “Allowance” of a Claim Binding in the Next Case? Bankruptcy or Otherwise?
(DBN)

____________

UK:

Dissolved businesses data may be wiped out
(DBN)

U.K. Bank Voice Warns of London’s Status Shrinking After Brexit
(DBN)

The dominant sector of the British economy is tumbling towards a recession
(DBN)

____________

EU:

The vanishing market value of European banks: charts
(DBN)

The Personal Side of Harmonizing European Insolvency Law
(DBN)

____________

PIIGS:

Greece to press ahead with criminal trial for ex-statistics chief
(DBN)

Italian PM claims banks are fine, wants to avoid EU 'bail-in'
(DBN)

What Italian Bad Loans Are Really Worth
(DBN)

ISDA agrees to rule on Isolux bankruptcy credit event Isolux Creditors Agree $2.2 Billion Debt-Restructuring Deal
(DBN)

____________

Canada:

Toronto's Arc Productions forced to lock out staff amid liquidity crisis Animation studio that received $23M in provincial funding declares bankruptcy
(DBN)

Canada Stocks Fall to Lowest in 3 Weeks as Energy Shares Retreat
(DBN)

NL Insolvencies on the Rise: Bankruptcy Canada
(DBN)

____________

Singapore:

High Court appoints interim judicial manager for Swiber
(DBN)

____________

Australia:

The Trail of Debt Left Behind by Beleaguered Music Streaming Service Guvera
(DBN)

____________

MENA:

Israel Tax Authority Seeks to Force Eliezer Fishman Into Bankruptcy
(DBN)

____________

Brazil:

Brazilian bankruptcy filings up 23 pct in seven months
(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 2016