December 22, 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:

Associate Bonus Watch: Happy, Texas
(DBN)

Bunches Of Kirkland And Ellis Above-Market Bonus News
(DBN)

ABA model rule defining harassment as professional misconduct violates free speech, says Texas AG
(DBN)

Lawyers Hoping For Public Service Loan Forgiveness Receive Rude Awakening Instead
(DBN)

ATL Holiday Card Contest: The Finalists!
(DBN)

Kirkland & Ellis slashes shares for top equity partners
(DBN)

2016’s Biggest Business of Law Stories
(DBN)

As 1L Class Sizes Stabilize, One In Nine Law School Enrollees Are Not A Part Of A JD Program
(DBN)

GE Creates ‘Yelp for Lawyers’ to Assess Outside Law Firms
(DBN)

Trump's Israel envoy pick shakes up American Jewish status quo
(DBN)

David v. Goliath: Legalist Levels The Lit Playing Field
(DBN)

LexisNexis announces the end of Lexis.com; users will be transferred to Lexis Advantage
(DBN)

If Women Dominate Men in Diplomas, Why Not JDs?
(DBN)

Despite 'Horrific' 51% Bar Passage Rate, New UC-Hastings Dean Says School Is Poised To 'Catapult Into National Preeminence' Using NYU As A Model
(DBN)

UK: Mid-tier firms struggling to lift profitability, warns new report
(DBN)

Winston & Strawn and Reed Smith set to hire KWM finance partners as exits continue
(DBN)

Is 2017 the Year a Leak Sinks Your Firm?
(DBN)

Man Accused of Murder Believes He Shot and Killed Donald Trump
(DBN)

Starting Your Own Law Firm: How To Find Clients
(DBN)

Former Law Partners Fete Trump Chief of Staff Ahead of Inauguration
(DBN)

Being An In-N-Out Manager Might Be Better Than Being A Lawyer If You Can Get The Job
(DBN)

Law Firm Doesn’t Mind If You Refer To Its Attorneys As 'M------------'
(DBN)

The Truth Comes Out About One Of The Most Maligned Lawsuits In History
(DBN)

Lawyer charged with involuntary manslaughter in the shooting death of his wife Big Law Partner Faces Charges in Wife’s Shooting
(DBN)

In SCOTUS sanctions case, defiant plaintiffs argue Goodyear got what it deserved
(DBN)

Public Reprimand of Lawyer Whose Wife Stole $2M From Firm Account
(DBN)

Remembering Classic TV Lawyers
(DBN)

Dusting Off the Constitution's Obscure Clauses
(DBN)

______________

Judges:

 

The Selection and Appointment of Bankruptcy Judges
(DBN)

______________

Wall Street:

Dow futures in holding pattern ahead of rush of economic reports
(DBN)

U.S. Stocks Decline as Oil Slips With Dollar
(DBN)

Goldman Sachs to pay $120 million to settle 'jacked' rates case
(DBN)

Goldman Is Back on Top in the Trump Administration
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Final Results: Clinton wins popular vote by nearly 3 million
(DBN)

Gingrich Says Trump Could Use Pardon Power After Ordering Illegal Acts Trump Counties Would See Big Impact From Obamacare Repeal Federal Bill Called ‘Anti-LGBTQ’ Getting New Push Under Trump Trump Taps China Hawk For Top Trade Post After meeting with Trump, Boeing CEO says Air Force One will cost less than $4 billion Carl Icahn named a special adviser in the Trump administration Trump's doctor grants interview, then issues brazen threat to reporters if they publish it Trump rages on Twitter about losing popular vote Trump's approval rating is the lowest of any incoming president in nearly 25 years 'Donald was not going to like that mustache': 'The look’ is an important factor for Trump in his Cabinet deliberations Trump to Create White House Trade Czar Position for Peter Navarro Why Trump’s Conflicts of Interest Will Come Back to Bite Him … And Us Trump’s special advisor on regulatory reform doesn’t want to repeal Dodd-Frank Fox in the henhouse? Reactions to Icahn being a special adviser to Trump Newt: Trump No Longer Interested in Draining the Swamp Trump's administration is filling up with wealth and power after populist campaign Trump names Kellyanne Conway as presidential counsel
(DBN)

‘Faithless' Clinton Elector in Colorado May Face Criminal Charges
(DBN)

______________

Coal:

Troubled Coal-Fired Plant Could Get New Lifeline
(DBN)

______________

Fraud:

Ex-BlackRock Manager Jailed for 1 Year Over Insider-Trading
(DBN)

______________

Healthcare:

Iowa hospital files for bankruptcy
(DBN)

Central Iowa Healthcare files for Chapter 11 with asset sale plan
(DBN)

Health Plan Sign-Ups Rise Even as G.O.P. Plans Its Repeal
(DBN)

______________

Corporate Reform:

CFPB Tales Told Out of School
(DBN)

The Tragic Downfall of the Consumer Financial Protection Bureau
(DBN)

Decision of U.S. Appeals Court and Election of Donald Trump Could Spell Doom for Power of CFPB
(DBN)

______________

Pensions:

Avaya Pension Plans At Risk Amid Potential Chapter 11 Bankruptcy Filing?
(DBN)

______________

Tech:

How an $8 billion tech buyout went wrong
(DBN)

Report: Facing $6B Deficit, Avaya Weighing Bankruptcy Options
(DBN)

______________

Debt Collection:

Disclaimer Saves Debt Collector from Violating the FDCPA in the Fourth Circuit
(DBN)

______________

Economy:

Why are so many start-ups piling on debt?
(DBN)

One of Trump's biggest plans to stimulate the economy won't be great for most Americans
(DBN)

Central banks have cut interest rates 690 times since Lehman Brothers: Is there a way out?
(DBN)

The Spiritual Crisis of the Modern Economy
(DBN)

Philly Fed: State Coincident Indexes increased in 43 states in November
(DBN)

Consumer Spending Grows at Healthy Pace in Third Quarter
(DBN)

Goldman Sachs: The Fed may ruin one of Trump's biggest plans for the economy
(DBN)

Jamie Dimon on Trump, Taxes, and a U.S. Renaissance
(DBN)

It Looks Like Trump Is Serious About Starting a Trade War With China Trump Team Floats Tariffs Why America Would Lose a Trade War With China
(DBN)

Why White Working Class Feels Alienated
(DBN)

5 charts that prove that today’s 30-year-olds are NOT adults
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Avoiding Mortgages: How Far Does a Bona Fide Purchaser Have To Go in Searching Records?
(DBN)

Existing home sales rise to their best level since the financial crisis Existing Home Sales increased in November to 5.61 million SAAR U.S. home sales near 10-year high as mortgage rates rise A Few Comments on November Existing Home Sales
(DBN)

AIA: Architecture Billings Index indicates "small gain" in November
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Mortgage Loans Continue to Exhibit Lower Credit Risk
(DBN)

Housing experts: The shocking downside to home sales increase
(DBN)

How to Get the Government Out of Mortgage Lending
(DBN)

Senate to Treasury Secretary Mnuchin: Where do you stand on major housing issues?
(DBN)

Bankrupt entrepreneur loses legal battle for trophy home in N.Va.
(DBN)

____________

Municipalities:

Puerto Rico Oversight Board Moves Forward on Debt Restructuring
(DBN)

Carrión: Voluntary Negotiations Needed Before Bankruptcy Process
(DBN)

Congressional Task Force on Economic Growth in Puerto Rico Releases Final Report
(DBN)

Task Force to Congress: Fix Puerto Rico Health Crisis Early in 2017
(DBN)

Congress should consider help for Puerto Rico's disabled: Task force
(DBN)

Puerto Ricans in Trouble? La Borinqueña to the Rescue.
(DBN)

Puerto Rican Retirees Need a Solution They Can Count On
(DBN)

As Puerto Rico Moves On, Another U.S. Territory Crisis Arises
(DBN)

How free college transformed this Rust Belt town in Michigan
(DBN)

______________

Oil/Gas:

U.S. Shale Is Now Cash Flow Neutral
(DBN)

Oil Falls on Unexpected Stockpile Addition Rising U.S. Oil Imports See Oil Prices Fall Oil falls on inventory build
(DBN)

Modular Space Files for Bankruptcy in U.S. and Canada
(DBN)

Dakota Plains Holdings, Inc. Begins Voluntary Chapter 11 Proceeding
(DBN)

After emerging from bankruptcy , Houston energy co. to restart drilling
(DBN)

E&P co. files for billion-dollar bankruptcy in Houston
(DBN)

Stone Energy reaches bankruptcy deal with shareholders
(DBN)

Worst over for oil, says Norway’s next energy minister
(DBN)

Oil traders are the most bullish they've been in over 2 years
(DBN)

______________

Education:

To Save Themselves, Small Colleges Offer Lifeline to Their Hometowns
(DBN)

Nearly 200 for-profit colleges get over 90% of their funding from the government
(DBN)

______________

Taxis:

Barwood Taxi Company Files for Bankruptcy MoCo's largest taxi company declares bankruptcy , but not defeat Barwood Taxi Service Files for Bankruptcy, Attributes Losses to Ride-Booking Apps
(DBN)

London Startup Karhoo Files for Bankruptcy In U.S.
(DBN)

______________

Retailing:

Bankruptcy could be coming for ailing Limited Stores Women’s Apparel Chain The Limited Said to Be Heading to Liquidation It's Probably Time To Use Up Your Gift Cards For The Limited
(DBN)

Bankruptcy Code Timing Too Tight for Some Retailers
(DBN)

Finish Line's Stumble Is a Warning for Athleisure
(DBN)

Woe to Those Disrupted by Amazon
(DBN)

J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
(DBN)

______________

Apparel:

Yogasmoga Bankruptcy Filing Signals Trouble in Athleisure Land
(DBN)

______________

Biotech:

Nuclea to Auction Assets as Part of Chapter 7 Bankruptcy Proceedings
(DBN)

______________

Hollywood:

Dana Brunetti Negotiating Exit as President of Relativity Media Relativity Studios President Dana Brunetti exits as film company flails With Two Top Execs Out, Relativity’s Future Remains Unclear
(DBN)

______________

Shipping:

Swiss shipping firm takes over Port of Long Beach’s largest terminal after Hanjin bankruptcy
(DBN)

______________

Fitness:

David Barton shuts down nearly all their facilities overnight with no warning 'due to severe competitive pressures' David Barton, the club-like gym chain with celebrity clientele, closes in five states
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (56 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)

______________

Avoidance Actions:

Private Leveraged Buyouts, Fraudulent Transfers and FTI Consulting
(DBN)

Unpaid Administrative Expenses May Shield Preference Liability
(DBN)

The Uniform Voidable Transactions Act: Old Law, New Name
(DBN)

______________

Court Access:

Filing Under Seal: The Confidential Commercial Information Exception
(DBN)

______________

Insurance:

The Interplay Between Subrogation, Arbitration and Insurance Insolvency
(DBN)

______________

Make-Whole:

EFIH Secured Bondholders Win Make-Whole Appeal in Third Circuit
(DBN)

______________

Exchange Offers:

On the Continuing Viability of Debt-for-Debt Exchange Offers
(DBN)

______________

Corporate Governance:

Limits on Creditors’ Remedies Against Solvent Debtors Echoed in the Quadrant Litigation
(DBN)

______________

Committees:

Bankruptcy Court Permission Required to Sue UCC Members
(DBN)

______________

Distressed Investing:

Lynn Tilton’s Patriarch Faces Off With MBIA in Zohar Auction
(DBN)

______________

Travel:

How to pack your suit so it doesn't wrinkle
(DBN)

______________

Fintech:

Online lender files for bankruptcy protection, just in time for Christmas
(DBN)

______________

Awards:

Orange County Bankruptcy Attorney Receives Prestigious Award
(DBN)

______________

Sovereigns:

Mozambique in “sovereign bankruptcy ” say economists
(DBN)

______________

UK:

CMS UK and Olswang partners to pay in more capital as Nabarro holds back drawings to fund pension deficit
(DBN)

The Brexit effect: UK lawyers ‘unlikely to be of interest’ says international law firm in new job ad
(DBN)

Trustees have no greater claims that those of the bankrupt
(DBN)

______________

EU:

ECJ decides that rights in rem should be interpreted in accordance with German law, despite insolvency proceedings having been opened in France
(DBN)

______________

PIIGS:

Monte dei Paschi Bailout May Include Government Ownership Monte Paschi Said Headed for Nationalization After Sale Failure Paschi Falls as Buyers Said to Balk, Making State Aid Likely Italy Approves $20 Billion Borrowing To Rescue Monte Dei Paschi Italian Government Wins Green Light On Debt Boost to Aid Banks Monte dei Paschi shares are swinging wildly as the bank's bailout crisis comes to a head Blame Jamie Dimon For The Death Of The World’s Oldest Bank? Sure, Why Not Monte dei Paschi: not dead yet Bailout of Italy bank Monte dei Paschi could take months: report
(DBN)

Italy proves that banks are not the risk-free fantasy we're told to believe
(DBN)

Greek MPs back delaying tax hike for migrant-hit isles
(DBN)

Tsipras' Pretend Heroism Is for Internal Consumption Only
(DBN)

Can the Court evaluate the feasibility of a concordato preventivo plan whereby the debtor would continue to trade?
(DBN)

______________

Singapore:

Singapore Unveils New Proposed Debt Restructuring Legislation
(DBN)

______________

Venezuela:

Why Venezuela Should Default
(DBN)

______________

Japan:

Japan’s Embattled Students Learn to Live Under a Burden of Debt
(DBN)

______________

Russia:

Changes to the Russian Unified Federal Register of Data on Bankruptcy
(DBN)

______________

Brazil:

Christmas cheer falls flat in crisis-hit Rio
(DBN)

______________

Kosovo:

State-owned Kosovo Telecom may face bankruptcy after court ruling, says CEO
(DBN)

______________

India:

Overview Of And Foreign Perspective On The Indian Insolvency And Bankrupcy Code 2016.
(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 $64/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