December 9, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

This Firm Will Offer Special Bonuses On Top Of Regular Bonuses
(DBN)

Associate Bonus Watch: Yet Another Firm Is Beating Cravath On Bonuses!
(DBN)

Biglaw Firm Beats Cravath Scale With Special Bonuses
(DBN)

When In-House Counsel Looks For Outside Help
(DBN)

White & Case Elevates Bankruptcy Lawyer To Counsel
(DBN)

California Bar Exam Carnage: Law Schools Need To 'Cull The Herd Of Bloated Tenured Faculties'
(DBN)

Valparaiso Law School Faces Two Bleak Choices — 'Admit More Unprepared Students Or Face Reality And Close'
(DBN)

Quinn Emanuel Believes in ‘C.B.A.’ (Check BlackBerry Always)
(DBN)

UK: The best law firms for work/life balance
(DBN)

Fox Rothschild lawyer dies at 104; he was still practicing law
(DBN)

Probate judge orders bankrupt San Antonio attorney's arrest
(DBN)

‘Very Handsome’ Biglaw Partner Wants To ‘Stick It To The Man’
(DBN)

Our Still Noble (?) Profession
(DBN)

Who Will Be The Next U.S. Solicitor General?
(DBN)

This Biglaw Partner Knows Your Mother Was Right
(DBN)

Lawyers reveal what's dreadful at work in Firm of the Year 2017 survey
(DBN)

Firm's staff complain after it runs out of water
(DBN)

Citi accused of 'forcing' its lawyers to hug
(DBN)

Graduate Sues University For $1.2 Million, Says 'Appallingly Bad' Teaching Prevented Him From Being A Successful Lawyer
(DBN)

Lawyer disbarred for billing client in topless photos
(DBN)

Publicly-listed law firm Slater & Gordon capital structure needs to be reset: insolvency report
(DBN)

Jury foreman reveals 5 jurors undecided of cop’s guilt despite video evidence in Walter Scott killing Jury foreman says officer who killed Walter Scott 'didn't do anything malicious'
(DBN)

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Judges:

MA: Prominent local attorney appointed to bankruptcy judgeship
(DBN)

Under Trump, the Federal Courts Will Be Up for Grabs
(DBN)

Bench Brackets: The Battle for the Next SCOTUS Justice
(DBN)

Five Things to Know About SCOTUS Short-Lister Pryor
(DBN)

Reid predicts death of filibuster
(DBN)

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Wall Street:

Dow set to stretch out record run with 5th day of gains
(DBN)

US stocks close at fresh records
(DBN)

Stocks Are Soaring, but This Market Indicator Is Flashing Like It's 1929
(DBN)

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Layoffs:

AstraZeneca to lay off 120
(DBN)

SNC-Lavalin announces 405 layoffs
(DBN)

Kane Co. going out of business, laying off 1000
(DBN)

HCMC looks at cutting 275 jobs next year
(DBN)

EpiPen company to cut 3,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Latest Sears Loss Fuels Bankruptcy Speculation
(DBN)

Another Sears loss in the books, as iconic retailer looks 'set to sink'
(DBN)

The Titanic of retail: Sears is 'set to sink' as stores close, executives flee, and the CFO admits the brand is falling short
(DBN)

Sears is planning to close more stores as sales plunge
(DBN)

Sears: 'We have fallen short'
(DBN)

Sears loss widens
(DBN)

How Big-Box Retailers Weaponize Old Stores
(DBN)

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Healthcare:

Nearly 30 million Americans could lose their health insurance if the GOP rips up Obamacare
(DBN)

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Corporate Reform:

Banks to Donald Trump: Don't Kill Dodd-Frank Dismantle Dodd-Frank and It's 2008 All Over Again
(DBN)

SEC Top Cop Ceresney Says He’s Leaving Ahead of Trump Takeover
(DBN)

Get ready for Republican rush of regulation rollback
(DBN)

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Pharma:

Trump Jolts the Pharmaceutical Industry with Vow to ‘Bring Down Drug Prices’
(DBN)

In Trump's America, Valeant Goes Bankrupt
(DBN)

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Food/Beverage:

San Antonio-area buffet operator, in bankruptcy, wants to liquidate $130 million in assets
(DBN)

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Coal:

Zero or billions? Peabody shares' value is at issue in bankruptcy
(DBN)

Why Coal Revival Could Leave Some Behind
(DBN)

Retired Coal Miners At Risk Of Losing Promised Health Coverage And Pensions Democrats Mull Shutdown Fight Over Coal Retirees’ Health Promise
(DBN)

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History:

1899 Treatise (First Edition) on U.S. Bankruptcy Law
(DBN)

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Student Debt:

Student Debtors, This Trump Ally Wants to Be Your Friend
(DBN)

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Education:

U.S. Battle With For-Profit Colleges Flares Over Sale of Giant School
(DBN)

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Hotels:

Judge: Receiver can keep control of Lodge on the Desert for now
(DBN)

Miami Beach hotel condo association files Chapter 11, operator vows to reopen
(DBN)

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Celebs:

Jennifer Lopez-branded jewelry company files Chapter 7 bankruptcy
(DBN)

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Electricity:

La Paloma Power Plant Creditors Surprised By Ch. 11 Filing
(DBN)

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Economy:

Barely Half of 30-Year-Olds Earn More Than Their Parents The American Dream Is Collapsing For Young Adults
(DBN)

More U.S. Factory Workers Are Saying 'I Quit'
(DBN)

In Trump Country Factories Are Hiring But Wages Remain Low
(DBN)

A New Study Shows How Severe U.S. Inequality Is — and How Little We’re Doing About It
(DBN)

Weekly Initial Unemployment Claims decrease to 258,000 New Jobless Claims Fall by 10,000
(DBN)

Donald Trump Is Staffing His Administration with TPP Supporters
(DBN)

The questions Trump’s tariff tweets failed to answer
(DBN)

Americans from all corners of the economy are loving life since Trump's election
(DBN)

Trump won’t be a ‘dangerous’ president, says Goldman’s CEO
(DBN)

Why Odds May Be Fading For a Near-Term U.S. Recession
(DBN)

Congress Ready to Overhaul Food Stamps
(DBN)

Union boss fires back at Trump: You should 'know how many damn jobs you're talking about' Carrier worker: It's 'crazy' we have a president going after private citizens on Twitter Chuck Jones vs. Donald Trump: A window on future union relations? Union leader says Trump should leave him ‘the hell alone’
(DBN)

When Presidents Defy Economic Gravity, Gravity Usually Wins
(DBN)

Will Trump Lead a US Economic Boom?
(DBN)

Fast-food CEO who says machines are the answer to rising wages is expected to be named Trump's next labor secretary
(DBN)

Here's which professions get the most and least respect
(DBN)

'One of the scariest charts I have seen for a very long time' - Credit market had lost touch with reality
(DBN)

Donald Trump’s New Promise: I Will ‘Bring Down Drug Prices’
(DBN)

Is Trump softening his stance on illegal immigration? These Big Business Lobbies Are Warning Donald Trump Against Mass Deportation
(DBN)

Trump's Pick for Secretary of Labor: 'Ugly' Women Don't Sell Burgers
(DBN)

Trump's Challenge to Traditional Economics
(DBN)

Volcker Critical of Trump's CEO Heavy Panel
(DBN)

U.S. Chamber Said to Tell Mexico It Will Defend NAFTA Deal
(DBN)

Ohio's State Legislature Just Banned Cities from Raising Local Minimum Wages
(DBN)

Portland to tax CEOs who earn 'too much,' a first for income inequality fight
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates climb to highs not seen in more than two years
(DBN)

National Home Equity Distribution by LTV Segment- Q2 vs. Q3 2016
(DBN)

Moody's: Privatizing Fannie Mae, Freddie Mac would cost "hundreds of billions"
(DBN)

9 States with the Hottest Housing Markets
(DBN)

Home builder Hovnanian earnings fall short
(DBN)

A 58-story skyscraper in San Francisco is sinking and people are fighting over whose fault it is
(DBN)

384,000 borrowers moved out of negative equity in Q3
(DBN)

House flippers flee ‘flashy’ cities as prices rise and inventories fall
(DBN)

Move Over, New Yorkers: You Have No Idea How Small an Apartment Can Really Get
(DBN)

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Municipalities:

Fitch signs off on school bonds, but raises bankruptcy specter
(DBN)

New type of Chicago school debt gets investment-grade rating
(DBN)

New Jersey's Blues Aren't Just About Christie
(DBN)

Dallas Pension System Suspends Access To Funds By Any Other Name, Pension Fund Claw-Back Is Still a Default
(DBN)

Los Angeles' Pension Crisis Is Sinking The City
(DBN)

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Politics:

Wilbur Ross once bailed out Trump in Atlantic City and is now his pick for Commerce secretary Getting Donald Out Of Debt: The 25-Year-Old Ties That Bind Trump and Wilbur Ross How Donald Trump's Web of LLCs Obscures His Business Interests Donald Trump's Choice of Generals for Top Posts Raises Concerns Trump: I want people who 'made a fortune' Trump gets one intelligence briefing per week Here's How Much Less Than Hillary Clinton Donald Trump Spent On the Election Trump has one problem with his Time 'Person of the Year' cover Trump EPA Pick: States Have a Right to Spew Pollution but Not to Legalize Pot Bernie Sanders calls Trump a 'pathological liar' Just before Trump blasted Air Force One deal, Boeing pledged $1 million for inauguration Donald Trump Will Remain Executive Producer of 'Celebrity Apprentice' When Trump Attacks You on Twitter Trump Meeting with Alan Mulally The World Fears Trump’s America. That’s a Good Thing.
(DBN)

Tax Implications of Trump’s Business Decisions: A Primer
(DBN)

Trump Loses Bid to Get Lawsuit Over Country Club Refunds Dismissed
(DBN)

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Oil/Gas:

Drilling for bankruptcy
(DBN)

OPEC Deal Raises Hopes But Not Valuations for Troubled Oil Producers
(DBN)

Oil Markets Not Convinced OPEC Deal Can Kill The Glut
(DBN)

Non-OPEC producers might not be scared enough to cut oil output
(DBN)

US crude settles up 2.2% at $50.84, rallying after dip on OPEC deal doubt Oil futures bounce back from a dip under $50 a barrel
(DBN)

Oil futures jump ahead of non-OPEC weekend meeting
(DBN)

Donald Trump revealed his plan for squeezing OPEC in 2008
(DBN)

Oil Trader Andurand Sees OPEC Output Deal 'Major Turning Point'
(DBN)

Ultra Petroleum files reorganization plan in bankruptcy court
(DBN)

U.S. Shale Set To Kill Oil Price Rally
(DBN)

Court clears Key Energy Services to emerge from bankruptcy
(DBN)

Drilling Frenzy? Oilfield Services Booked Out
(DBN)

Chevron Plans Further Capex Cuts for 2017
(DBN)

The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon
(DBN)

Did Big Oil Layoff Too Many Workers Too Quickly?
(DBN)

A Major Red Flag? Chinese Oil Demand Growth Could Shrink 60% In 2017
(DBN)

2017 US Refining Forecast: Lean Times Ahead
(DBN)

More Federal Land Drilling: Possible, But Not Profitable
(DBN)

Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis
(DBN)

Can Insuring Unpaid Invoices Stop the Cascade of Energy Bankruptcies?
(DBN)

______________

Travel:

Feel Squished? Airlines Are Shrinking Headroom, Too
(DBN)

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Mining:

Virginia mogul wants to revive bankrupt Iron Range ore processor
(DBN)

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Religion:

Legal fees mount as Duluth Diocese bankruptcy case hits one-year mark
(DBN)

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Consultants:

Miller Joins Ankura Turnaround & Restructuring Group
(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 (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

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Bankruptcy Statistics:

Bankruptcies on pace for 2nd lowest total since 2005
(DBN)

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Discharge:

Wells Fargo, Ocwen, Others Sanctioned for Violating Ch. 7 Discharge
(DBN)

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Committees:

The Few, The Proud…the Unsecured Creditors Committee
(DBN)

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Make-Whole:

Federal Appellate Court Rules That Post-Acceleration Payment in Bankruptcy Constitutes Optional Redemption
(DBN)

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Settlements:

Jevic Holding Corp.: Is The Supreme Court Now Ready To Strike Down Structured Dismissals?
(DBN)

Supreme Court hears arguments on bankruptcy settlement procedure
(DBN)

High Court Hears Argument on Jevic, First Bankruptcy Case of Term
(DBN)

______________

Ch. 13:

Attorney Suffering Stroke During Ch. 13 Case Gets Hardship Discharge
(DBN)

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TIA:

Court Rejects §316(b) Claims in Cliffs Natural Resources
(DBN)

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Jurisdiction:

She Who Ordered It, Enforces It - Bankruptcy Discharges Are Unique
(DBN)

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Classification:

Judge Reverses Course and Allows Reclassification of Deficiency Claim
(DBN)

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Awards:

Zachary Hyman Has Been Named the Turnaround Management Association Florida Chapter President
(DBN)

______________

Shipping:

Record Low Baltic Dry Casualties Emerge: Third Dry-Bulk Shipper Files For Bankruptcy In Past 3 Weeks
(DBN)

______________

Media:

Gawker settles with Hulk Hogan; Denton possibly preparing to sue Thiel
(DBN)

______________

Fraud:

Appeals Court Nixes Pension Fund's Claim Over Madoff Investments
(DBN)

Feds Arrest 6 Former Insys Execs for Allegedly Bribing Doctors
(DBN)

______________

Amusement Parks:

Scuttle's Island investors file motion to dismiss Chapter 7 case
(DBN)

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Labor:

Trump era confronts organized labor with gravest crisis in decades
(DBN)

______________

UK:

KWM Europe changes deed to give tax benefits to partners in event of pre-pack
(DBN)

Court of Appeal finds trustees in bankruptcy could not waive bankrupt’s privilege
(DBN)

Noteholders entitled to declaration that restructuring of a separate debt amounts to an event of default under the notes
(DBN)

Wrongful Trading – The Importance of Quantifying Loss
(DBN)

The Brexit Vote Didn't Decide Much After All
(DBN)

Banks still want to be under EU rule for up to 5 years after Brexit
(DBN)

Britain's key Brexit negotiator is killing off London's hopes for a transition deal
(DBN)

McDonald’s Thirsty As Hell To Live That Post-Brexit Tax Life
(DBN)

EU Sees Limits to 'Bespoke' Post-Brexit Deal With U.K.
(DBN)

______________

EU:

Draghi reloads the bazooka
(DBN)

Tweaks but No Tapering From ECB
(DBN)

______________

PIIGS:

Greeks strike against austerity before budget vote, bailout review Primary Surplus Targets Hinder Greek Bailout Program Review
(DBN)

______________

Brazil:

Brazilian Telecom Firm Oi Talks to Cerberus Capital About Possible Deal
(DBN)

______________

China:

China's Banks Are Hiding More Than $2 Trillion in Loans
(DBN)

China Offers Corporate Debt Restructuring Incentives
(DBN)

______________

Australia:

Creditor Funded Litigation; Court Approval and Creditor Priority
(DBN)

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Hong Kong:

Winding Up Of Companies In Hong Kong: Key Legislative Updates Pending Implementation
(DBN)

Hong Kong - Cross Border Insolvency – Private Examination Powers Granted To Foreign Liquidators.
(DBN)

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MENA:

New UAE Bankruptcy Law: Analysis and highlights
(DBN)

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