December 19, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associates At This Firm Are REALLY Pissed About Their Bonuses…
(DBN)

Top Partners at Kirkland & Ellis See Cuts to Equity Shares, Possible Reallocation Of Equity To Bankruptcy
(DBN)

Longtime Trump Bankruptcy Lawyer Gets Nod for Israel Ambassador Post • Trump Chooses Hard-Liner as Ambassador to Israel
(DBN)

GCs Are Questioning Their Outside Counsel About Cybersecurity
(DBN)

Conservative Partners Give Female Associates Smaller Bonuses
(DBN)

Lawyer Calls Chadbourne’s Gender Bias Defense ‘In Terrorem’
(DBN)

Law Firm Adopts Gender-Neutral Family Leave Policy
(DBN)

Why Less is Better - Even for Lawyers
(DBN)

'The Prosecution Does Not Believe That Wendi Ordered The Hit' On Dan Markel
(DBN)

Associate Bonus Watch: Another Firm Blows The Cravath Scale Out Of The Water
(DBN)

More Women Than Men in Law School For First Time Ever
(DBN)

For Law Schools, No Change Is Good News
(DBN)

Bankruptcy MVP: Kirkland & Ellis' Edward Sassower
(DBN)

Sutherland and Eversheds agree to merger • Sutherland-Eversheds Deal Catapults Atlanta Firm Onto Global Scene
(DBN)

Whirlwind Romance Leads To Global Biglaw Merger
(DBN)

Christmas in America Means the Usual Lawsuits
(DBN)

Alleged Armed Robber Beat Back with . . .
(DBN)

Suspected Robber Wore ‘Beard’ Apparently Drawn by Sharpie
(DBN)

You Don’t Own Your Timetable As A Trial Lawyer
(DBN)

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Judges:

BK ND IL: Judge Pam Hollis Names Chief Judge
(DBN)

Judge is charged with money laundering in FBI sting operation
(DBN)

This Law Professor Doesn’t Have Much Respect For Judges
(DBN)

'Hellholes' Report Takes Aim at California in Full and Fla. High Court, Among Others
(DBN)

Final plea for Senate vote on Court nominee
(DBN)

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Wall Street:

Dow takes aim at 20000 as investors wait for Yellen to speak
(DBN)

Stocks get Trump bounce, but not the real economy
(DBN)

U.S. stocks close lower; S&P 500, Nasdaq book weekly losses
(DBN)

Dow pushes to historic levels as investors wager on Trump administration
(DBN)

Wall Street bonuses may be down about 10% this year
(DBN)

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Layoffs:

Glassmaker to lay off 150 workers
(DBN)

Seagate lays off 155
(DBN)

Kroger offers buyouts to 2,000
(DBN)

MBTA plans to chop almost 100 jobs in coming months
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump on China's capture of a US Navy drone: 'Let them keep it!' • Donald Trump Takes Conciliatory Tone at Postelection Rallies • Trump calls Paul Krugman 'demented' • Will the Trumps Cash In at the White House? • Trump Picks a Leading Deficit Hawk to Run the White House Budget Office • The president-elect is causing a miniature recession in the area around Trump Tower • Trump’s $100 Million Woman: How Linda McMahon Bought Her Way Into Politics • Putin makes a surprise Christmas visit to Trump on 'SNL' • Obama Final Economic Report Adds Veiled Digs at Trump • Poll Finds Americans Believe Trump Will Bring Change but Are Divided Over What Kind • Trump and the Rise of Alt-Reality Media • The Voters Spoke, but Trump's Cabinet Picks Suggest He's Not Listening • Priebus emerges as dominant force in Trumpworld • Thousands Urge Electors Not to Vote for Trump • Electors Under Siege • Trump to Crowd: You Were Vicious, Violent • As Electoral College vote looms, little evidence of anti-Trump revolt • The last-ditch push for the Electoral College to stop Trump, explained
(DBN)

Here's how the Democrats slowly turned their backs on rural America • The Many Democratic Excuses for Defeat
(DBN)

Larry Kudlow is usually wrong • Trump considers financial pundit Larry Kudlow for Council of Economic Advisers
(DBN)

D.C. is on track for its best year of job growth since 2004
(DBN)

Obama Says U.S. Will Respond to Russia, Calls on Trump to Help Country Heal • Donald Trump Will Wait for FBI View on Russia Hacking Allegations, Priebus Says • Sens. McCain, Schumer, Reed, and Graham call for probe of cyberattacks by Russia
(DBN)
(DBN)

Republicans Pull the Plug on Tax Loopholes for Special Interests, Taxation of COD Income On Primary residence Coming Back
(DBN)

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Coal:

Coal communities ask Trump to honor his promises
(DBN)

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Ethanol:

Donald Trump Sends Mixed Signals on Ethanol Mandate
(DBN)

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Healthcare:

W. Hartford nursing home acquired
(DBN)

Prospective Ridgewood buyer takes on financially-troubled nursing homes
(DBN)

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Golf:

Resident proposes way to unload debt-ridden golf course
(DBN)

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Retailing:

Bah Humbug Investors In Retail - As Goes Sears, So Will Go Most Traditional Retailers
(DBN)

Retail's 'ticking time bomb': The costly business of returns
(DBN)

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Mass Torts:

Asbestos Trusts Contest Honeywell Records Ruling In Del.
(DBN)

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Banking:

Wells Fargo bleeding continues: New account openings dive 41%
(DBN)

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Asset Protection:

Charging Order Gives Creditor Priority Claim To Defeat A Receiver In Detroit Memorial
(DBN)

______________

Celebs:

Rapper Inflation: 50 Cent Creditors to Get 72 Cents
(DBN)

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Shipping:

Destined Demise of Once Shipping Giant Hanjin Shipping
(DBN)

______________

Media:

The Sordid History of Fake News
(DBN)

______________

Economy:

BLS: Unemployment Rates Lower in 18 states, Stable in 32 states in November
(DBN)

Wall Street economists are doubtful the Fed will deliver on rate hikes
(DBN)

Foreigners are dumping US Treasurys
(DBN)

The GOP's Radical Tax Plan
(DBN)

U.S. Factories Are Working Again; Factory Workers, Not So Much
(DBN)

Household debt rises as the cost of living climbs faster than incomes
(DBN)

9 New Finding About US Inequality
(DBN)

U.S. Inflation Measures Since 1990
(DBN)

Interest rates are rising in the US, but in other places they're still below zero — here's what that means
(DBN)

Will Donald Trump be forced to battle the bond vigilantes?
(DBN)

Hotels: Strong Finish to 2016, Could be Best Year Ever
(DBN)

Fed Nowcast: 1.8% for 2016:Q4 and 1.7% for 2017:Q1
(DBN)

Businesses in Portland, Ore. will now have to pay a surtax if their CEOs make too much more than their employees
(DBN)

How Many Hours Should A Salaried Employee Work?
(DBN)

Obamacare Repeal Could Provide a Huge Tax Break to the One Percent
(DBN)

Gundlach: Rates Under Trump Could Hurt Bonds, Stocks
(DBN)

White House Economists Spell Out the Four Most Stubborn Economic Challenges
(DBN)

Republican Tax Reform Seen Shrinking Corporate Bond Market
(DBN)

5 things Trump needs to do to prevent another financial crisis
(DBN)

Congress could put an end to inherited IRAs for non-spousal beneficiaries
(DBN)

Trump's infrastructure splurge would collide with U.S. skilled labor crunch
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Here's what will happen to mortgage rates after the Fed rate hike
(DBN)

Rising Rates Ripple Through Mortgage Market
(DBN)

Home Construction Tumbles in November • Groundbreaking on new homes drops 18% in one month • Homebuilders super happy but not building more homes: Here's what's up with that
(DBN)

Rents are finally dropping in New York City, and a bubble might be about to pop
(DBN)

Lawler: Early Look at Existing Home Sales in November
(DBN)

Housing Starts decreased to 1.090 Million Annual Rate in November • Comments on November Housing Starts
(DBN)

Bankruptcy judge grants extension for $51.2 million land sale
(DBN)

Regions Center Owners Declares Chapter 11 Bankruptcy
(DBN)

Democrats want people's complaints about Steve Mnuchin, the "foreclosure king" • GOP Scrubs Mnuchin's Resume Clean
(DBN)

Chicago home sales reach highest level for November since 2005
(DBN)

Lender confidence falls in the face of rising interest rates
(DBN)

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Municipalities:

Gov. Christie signs law requiring state to make pension payments
(DBN)

Chicago in drive to reduce its pensions shortfall
(DBN)

Income tax crackdown brings Detroit more revenue
(DBN)

Severe Budget Cuts Loom As Puerto Rico's Debt Crisis Continues
(DBN)

Two Of Puerto Rico's New Overlords Are Accused Of Helping Create Its Debt Crisis
(DBN)

______________

Oil/Gas:

Oil prices rise on more balanced market, weaker dollar
(DBN)

In Oil Face-Off, Saudis, Shale Both Claim Victory
(DBN)

Forbes Energy to file for bankruptcy as early as this month: sources
(DBN)

Houston energy co. emerges from bankruptcy after less than 2 months
(DBN)

OPEC Not Expected To Deliver All The Promised Cuts • What global oil flows might look like after OPEC’s supply shock
(DBN)

Huge Decline In U.S. Proved Oil And Gas Reserves
(DBN)

Oil jobs on the rise - Labor crunch likely to get intense mid-2017
(DBN)

U.S. oil rig count booms again; Permian way up • Baker Hughes: US Drillers Add Oil Rigs For 7th Week In A Row
(DBN)

Trump Already a Big Hit in the Persian Gulf
(DBN)

Oil industry on the cusp of cash flow recovery
(DBN)

Trump’s Oil Price Dilemma
(DBN)

As the Oil-Sands Industry Declines, Its Biggest Champion Bolts
(DBN)

______________

Distressed Investing:

Post-Election Outlook Is Good For Distressed Investors
(DBN)

Three Jefferies Distressed-Debt Employees Said to Leave Firm
(DBN)

______________

Finance:

Hopes rise that high-risk lending curbs will ease under Trump
(DBN)

______________

Agriculture:

Farm Crisis Quietly Looms as Costs Continue to Rise, Prices Remain Low
(DBN)

______________

Mining:

Agreement struck on sale of Magnetation assets to new owner, awaits judge's approval
(DBN)

______________

Education:

DeVry settles with FTC for $100 million, will reimburse students
(DBN)

______________

Fraud:

Premier Cru owner sentenced to 6 years in prison for $45 million wine pyramid scheme
(DBN)

______________

Food/Beverage:

Flying Star owners win creditor approval
(DBN)

______________

Autos:

VW Gets Weekend to Finish Diesel Negotiations
(DBN)

______________

Gambling:

New Jersey aims to punish Icahn for closing Trump Taj Mahal
(DBN)

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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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (109 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)

______________

Ch. 13:

BK WD MI: Revised Ch. 13 Plan
(DBN)

Two Time Repeat Ch. 13 Filer Can’t Halt Foreclosure on Property
(DBN)

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Cross-Border:

BK SD NY: Proposed Guidelines For Communication And Cooperation Between Courts In Cross-Border Insolvency Matters
(DBN)

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Make-Whole:

Second Circuit Oral Argument in Momentive Performance Solutions - Synopsis and Commentary
(DBN)

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Choice of Law:

Child Support Cases Avoid Thorny Choice of Law Questions
(DBN)

______________

Bankruptcy Rules:

Bankruptcy Judge Requires Investment Funds to Disclose Major Investors
(DBN)

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Student Debt:

Trump's Plan To Make Student Loans Great Again
(DBN)

Colleges are still cutting deals with Wall Street to peddle debit cards to students
(DBN)

______________

Corporate Governance:

Gibson Dunn to Delaware Supreme Court: Fix arbitrary, imprecise appraisal rulings
(DBN)

______________

Autos:

GM's Unsold Cars at 8 Year High
(DBN)

______________

Pensions:

Iron Workers Retires' Bad News on Pensions
(DBN)

______________

UK:

Junk Bonds Foreshadow Trouble to Come for British High Street
(DBN)

Debt-laden newspapers group Johnston Press agrees another disposal deal
(DBN)

Craig Whyte cuts cash claim against oldco Rangers by over £21million
(DBN)

Brexit: The flight of capital has begun
(DBN)

Slaughter and May is calling a recession
(DBN)

20% of property sector companies struggling, says insolvency firm
(DBN)

Deutsche Bank: The pound only has one way to go — down
(DBN)

Hedge funds are going to lay out their Brexit wish list to stop the destruction of the city
(DBN)

______________

PIIGS:

Monte dei Paschi to launch share issue Dec. 1 • How a Monte dei Paschi Rescue Is Unlikely to Solve Italy's Banking Problems
(DBN)

6 out of 10 Greeks want to stay in euro zone • Tsipras says people of Greece have made enough sacrifices • Greek PM Alexis Tsipras tells Angela Merkel ‘wounds of crisis’ must be healed • Berlin gives Tsipras the cold shoulder • Debt laden Greeks hand out bonuses and get into tangle with creditors • Merkel to Greek PM: Only creditors will decide on Greek bailout • Tsipras cites strong economic growth for Greece during Berlin talks • Merkel Stands By Greece as Tsipras Faces German Fiscal Critics • Greek PM Confident of Debt Measures, Criticizes IMF, Germany • EU: Greek PM's announcements could push back review for months • Greece-Creditors Unlikely to Complete Bailout Program Review Before 2017 • Tsipras: We are Determined to Defend the Rights of the Greek People • Greek Stocks Sink: Pensioner Pay Halts Bailout, Snap Election Next? • The drawn-out drama of Greek debt has no end in sight
(DBN)

State bankruptcy tsar takes action over Sean Dunne mansion
(DBN)

Bankrupt judge owed €500,000 tax
(DBN)

______________

Canada:

Debt-laden governments need to tackle gilded public sector wages
(DBN)

Hampton’s popular Kredl’s market stays open for now
(DBN)

Loans for Vancouver Down Payments Risk Fueling Canada's Debt Binge
(DBN)

______________

India:

India's Economy Surpasses That Of Great Britain
(DBN)

______________

Taiwan:

'Turnaround King' sets sights on TransAsia
(DBN)

______________

Venezuela:

Venezuelans Protest Over Worthless Cash
(DBN)

Hundreds arrested in Venezuela cash chaos, vigilantes protect shops Reuters 3 Hours Ago
(DBN)

______________

Australia:

How Billabong's star went from million dollar man to the court dock
(DBN)

More retail collapses tipped
(DBN)

Creditors line up for Kreab
(DBN)

Diamond dealer to stars hits the rocks over $10m in debts
(DBN)

Coal industry set for steep price falls: analysts
(DBN)

______________

Ghana:

GARIA Reiterates Call for Bankruptcy Laws
(DBN)

______________

South Africa:

Mega rich Mpisanes face insolvency
(DBN)

______________

Brazil:

Shipbuilder Ecovix, units file for bankruptcy protection in Brazil
(DBN)

______________

Ukraine:

Ukraine to nationalize its biggest lender, PrivatBank
(DBN)

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