February 10, 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

Format For Mobile Device




Law:

The bankruptcy business is booming
(DBN)

Drinker Biddle Adds To Corporate Restructuring Group Drinker Biddle Adds Wilmington Partner to Bankruptcy Team
(DBN)

Dentons Names New Bankruptcy Partner
(DBN)

Corporate Law Firms Reach New Billing Heights Corporate law firm rates up despite weakening demand
(DBN)

Malpractice Suit Over Lawyer's Newspaper Comments Proceeds
(DBN)

Norton Rose Fulbright LLP reveals flat results
(DBN)

Ashurst reports 9 per cent dip in net profit
(DBN)

Akin Gump London revenues jump 154 per cent after Bingham merger
(DBN)

Quinn profit margin hits 73% as firm posts record financials for London
(DBN)

Law firms collect larger capital contributions and are slower to repay departing partners
(DBN)

UK: Commercial lawyers top new junior barrister 'hottie' list
(DBN)

In '60 Minutes,' Ethical Problems in the Legal Profession Exposed
(DBN)

Attorney Charged With Forgery Of Federal Bankruptcy Court Orders
(DBN)

Washington D.C. Adopts Uniform Bar Exam
(DBN)

Who Says Money Can’t Buy Justice?
(DBN)

5 ways to diffuse the tension from any situation
(DBN)

11 tips for calming your nerves before a big presentation
(DBN)

Nothing To Fear
(DBN)

BLS Job Openings Projections v. Graduating Lawyers Simkovic: BLS Projected Lawyer Job Openings Underpredict Actual Law Grad Jobs
(DBN)

These 2 hidden iPhone features will change the way you get your texts
(DBN)

How To Present Beautiful Evidence
(DBN)

All The Best Swag At LegalTech NY
(DBN)

3 Quality Control Tips For Firms
(DBN)

6 Lawyers and Staff Caught in the Insider Trading Crosshairs
(DBN)

Mark Lehmann: Law School Wasn't for Me
(DBN)

Immigration lawyer gets 21 months for trying to help client disobey court order, flee US
(DBN)

Maryland lawyer gets hundreds of texts seeking free burritos
(DBN)

Family says prominent lawyer was murdered, and did not kill his wife
(DBN)

Why some far-right extremists think red ink can force the government to give them millions
(DBN)

Florida Man Arrested for Allegedly Throwing Live Alligator Into Wendy’s Drive-Thru Window
(DBN)

Couple accused of enslaving nanny shines spotlight on national problem
(DBN)

The Defiant Holdouts of the Oregon Occupation
(DBN)

'The Good Wife' will end: What made the CBS drama great?
(DBN)

______________

Judges:

American Bar Association Wants Cameras Inside Supreme Court
(DBN)

Federal judge issues ‘order on ineptitude’ in prosecutor benchslap Brutal Benchslap Tags DOJ Prosecutors As ‘Pretentious’ And ‘Inept’
(DBN)

Judge Tells Biglaw Firm To Stop Wasting His Time In Entertaining Benchslap
(DBN)

Five Signs a Judge is Upset: Clinton Emails Edition
(DBN)

______________

Wall Street:

US stocks point up in pre-market ahead of Yellen testimony
(DBN)

Stocks Extend Drop In Tokyo
(DBN)

Stocks close slightly lower as oil plunges below $28 a barrel
(DBN)

The charts that detail S&P 500’s precarious posture
(DBN)

______________

Layoffs:

Wells Fargo Slashes 581 Jobs in Mortgage Operations
(DBN)

C&J Well Services to lay off 78 Eagle Ford workers in Pleasanton
(DBN)

Husky Energy Cuts More Jobs as Crude Oil Slump Exceeds 19 Months
(DBN)

A robot butler is replacing humans in some California hotels
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

New Hampshire Bucks the Establishment to Back Trump and Sanders Trump And Sanders Win Big; Kasich Second Trump proves GOP establishment can't stop him What's the Anti-Trump Strategy Now? Bernie Sanders Describes New Hampshire Electorate as "Aroused" The Clinton Campaign Expected to Get Trounced in New Hampshire, Isn't Worried About It Hillary Clinton sounded a lot like Bernie Sanders after losing to Bernie Sanders Marco Rubio Flops In New Hampshire New Hampshire Primary Could Fundamentally Change Both Political Parties Trump and Sanders Won New Hampshire, Not the White House
(DBN)

Disappointed Chris Christie heads home to take stock of campaign
(DBN)

Hillary Clinton Failed To Bash Goldman Sachs While Giving Speech To Goldman Sachs Paid For By Goldman Sachs Democrats Are Fuming About Hillary Clinton's 'Smear' Line Report: Sanders Made $1,892 From Speeches In Comparison $153 Million for The Clintons
(DBN)

Donald Trump’s coarsest attack yet on Ted Cruz 'He’s a p----': Watch Trump repeat a supporter's vulgar insult of Cruz Donald Trump's creative defense of vulgar insult: 'I was doing everybody a favor' Mexico won’t pay for Trump’s ‘stupid wall’ If Donald Trump wins New Hampshire, here's what happens next
(DBN)

General: GOP Saying Military Gutted Not True
(DBN)

‘He’s possessed by a demon’: Man attempts exorcism on Ted Cruz during campaign event
(DBN)

Rubio supporters tussle with #RobotRubio critics The Marco Rubio Effect on Your Wallet
(DBN)

John Kasich: I’m open to even lower tax rate
(DBN)

Mark Cuban blasts candidates for being out of touch
(DBN)

____________

Currency:

US Bankruptcy Court Set to Weigh in on Bitcoin's Currency Status
(DBN)

____________

Skiing:

Owner of Colo. ski resort seeks bankruptcy protection
(DBN)

____________

Coal:

As coal jobs disappear, retired miners fight to keep pensions
(DBN)

Alpha Natural lenders offer $500M for core coal assets
(DBN)

Supreme Court Deals Blow to Obama's Efforts to Regulate Coal Emissions Obama vows to press ahead
(DBN)

Coal Trader Seeing Rebound Hunts for Bargains in Troubled Mines
(DBN)

____________

Museums:

Evergreen Aviation & Space Museum owner files for bankruptcy
(DBN)

____________

Convenience Stores:

Bankrupt Chain Auctions Off 21 C-Stores
(DBN)

____________

Food/Beverage:

Fairway facing possible bankruptcy
(DBN)

____________

Distressed Investing:

Sign of the Times: Where do Endowments/Foundations See 2016 Opportunity: Distressed Debt
(DBN)

____________

Telecoms:

SoftBank Bond Risk Soars to Five-Year High on Sprint Doubts SoftBank Operating Profit Rises as Son Sees Sprint Revival
(DBN)

____________

Ports:

Port of Oakland Plans for Terminal Closure Oakland port sets transition plan after terminal operator's bankruptcy
(DBN)

____________

Pensions:

Detroit: Feds want $16.8M in restitution from ex-pension trustee
(DBN)

____________

Corporate Governance:

Report: Judge spares Standard Register directors
(DBN)

____________


Economy:

Job Openings in U.S. Rise to Second-Highest Level on Record
(DBN)

US wholesale inventories, sales fall in December
(DBN)

Fed tells banks to prepare for negative rates
(DBN)

The recession signal investors may be missing
(DBN)

Yellen to face Congress amid uncertainty on Fed rate policy Yellen's task: Soothe market's frayed nerves
(DBN)

More Drivers Falling Behind on their Car Payments
(DBN)

Americans are quitting their jobs like crazy Highest Level in Nine Years
(DBN)

Obama gives Congress record spending plan
(DBN)

White House forecasts decade-best economic growth
(DBN)

Obama wants to raise taxes on the rich and on banks to pay for his new budget White House again proposing fee on big institutions
(DBN)

An obscure indicator is flashing red for the US economy
(DBN)

Here's your US recession ...
(DBN)

Welfare in America: Mostly for Those Working
(DBN)

Goldman’s Kostin: Why this isn't a recession
(DBN)

Bank of America sees 25% chance of a U.S. recession in 2016
(DBN)

The global market for negative debt has gone from zero to $6 trillion in less than two years
(DBN)

Barclays outlines how to invest during a recession but doesn't recommend doing it right now
(DBN)

Returns are going to be lousy for the next decade, and it is a disaster for savers
(DBN)

Report: Average Credit Card Debt Increases Among Consumers
(DBN)

Corporations Lose Billions Buying Back Their Own Stock
(DBN)

MetLife Says Lew-Yellen Panel Spreads Risks It's Supposed to End
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Here's why renters aren't buying
(DBN)

Florida Bankruptcy Court Denies Mortgagee's Motion to Reopen Chapter 7 Case
(DBN)

Home appraisal values still below homeowner price expectations
(DBN)

S.F. real estate looks like it did before dot-com crash
(DBN)

Downtown St. Louis developer Craig Heller files for bankruptcy
(DBN)

Pulte: Houston Home Sales Down 16%
(DBN)

____________

Municipalities:

Obama budget includes bankruptcy power, billions in relief for Puerto Rico Puerto Rico could restructure debts, boost healthcare under Obama budget
(DBN)

Bankruptcy is wrong for Puerto Rico
(DBN)

Puerto Rico offers Argentine-style bonds
(DBN)

Steps for Fixing Puerto Rico's Fiscal Problems
(DBN)

With Eye on Puerto Rico , Guam Says No to Territorial Bankruptcy
(DBN)

Michigan governor plans $360M for Flint, infrastructure
(DBN)

Ending Flint's water crisis is going to cost the city $55 million
(DBN)

Special counsel: Manslaughter charge possible in Flint water case
(DBN)

Michigan treasurer calls for quick action on Detroit school bills
(DBN)

____________

Awards:

Orange County Attorney Joins Board Of Directors For IWIRC, Southern California Chapter
(DBN)

____________

Environmental:

Environmental Contribution Claims: You Snooze, You Lose
(DBN)

____________

Banking:

Deutsche Bank CEO issues stunning memo calling the bank 'absolutely rock-solid' 'Rock solid' Deutsche Bank shares slide 5%
(DBN)

Deutsche Bank’s Assurance Exposes Tip of CoCo Iceberg: Analysis
(DBN)

How the Bank Debt That Everyone Is Talking About Works: Q&A
(DBN)

The five fears stalking the global banking industry
(DBN)

As Deutsche Bank Chief Turns to Legal Woes, Here’s What He Faces
(DBN)

Bank stocks extend slide toward multiyear lows
(DBN)

____________

Hedge Funds:

Some of the biggest hedge fund names are getting scorched
(DBN)

____________

Retailing:

Sears warns Q4 worse than expected, accelerates store closures
(DBN)

Fitch: Sears' Liquidity Worsens with $2.5B Needed to Fund Operations in 2016
(DBN)

Haunting photos of Walmart stores shutting down reveal a new normal in America
(DBN)

Sports Authority faces possible bankruptcy
(DBN)

One of the Only Analysts Still Covering Sears Says It Isn't Viable
(DBN)

____________

Oil/Gas:

Sidley Austin's Irvin discusses investment, transaction trends amid down market
(DBN)

The Oil Bust…Bankruptcy Boom?
(DBN)

Oil and gas companies are going bust at a fast rate
(DBN)

Mounting debt catches up with U.S. oil producers
(DBN)

Here's What Bank Executives Are Saying About Energy Markets
(DBN)

Junk Energy Companies Feel More Pain as Borrowing Costs Top 20%
(DBN)

Can oil get so cheap that it won’t pay to extract it?
(DBN)

EIA: Oil to average $38 as stock builds outpace production
(DBN)

Weds.: Oil rises toward $31 as Russia floats idea of supply cut
(DBN)

Brent Oil Falls Most in 5 Months on Supply Glut
(DBN)

IEA sees crude inventories over 3 billion barrels, OPEC loadings increase
(DBN)

Oil could fall below $20, Goldman analyst says
(DBN)

OPEC expects rivals to pump out less oil in 2016
(DBN)

Stung by Low Oil Prices, Companies Face a Reckoning on Debts
(DBN)

Salary Cuts In Energy Sector Could Prevent Mass Layoffs
(DBN)

North American oil & gas companies must shave a further $24B off 2016 spending
(DBN)

Tullow Prepares to Cut Spending Further as Low Oil Prices Bite
(DBN)

Chesapeake Gets Distress Signal From Credit Swaps Market: Chart
(DBN)

Some 150 oil firms may file for bankruptcy as oversupply pressures prices
(DBN)

Cheap Gas Prices Creep Closer to $1 Per Gallon
(DBN)

IEA Warns Oil Prices Could Fall  Oil sinks under $29 as EIA lowers price outlook Lowest since Jan. 20 Oil rises as downbeat IEA report fails to add to pessimism
(DBN)

Cheap oil for longer may trigger a new era of OPEC dominance, warns IEA
(DBN)

2016: More Bankruptcies and Capital Expenditure Cuts to Follow
(DBN)

The Power of Bankruptcies in the Energy Sector: Will We Ever See Oil Back Above 100 USD per Barrel?
(DBN)

Anadarko Petroleum slashes dividend; shares halted Cuts dividend 81 percent
(DBN)

Low oil prices could put one-third of UK service firms out of business
(DBN)

Chesapeake Energy Hires Help to Avoid a 'Lehman Moment'
(DBN)

Midstates Petroleum Draws Down $249.2M Remaining on Revolving Loan
(DBN)

Stressed Out: Chesapeake Energy’s Collapse Is a Sign of the Times
(DBN)

Citing 'difficult times' in oil industry, Denver energy company ponders bankruptcy Warren Resources may file for bankruptcy if debt talks fail
(DBN)

The oil trading 'god' has been burned by his bullish bet but he's not giving up
(DBN)

____________

Newspapers:

OC Register: Give Our Execs Bonuses Despite Bankruptcy
(DBN)

____________

Alternative Energy:

Now Musk's Solar City is Getting Hammered
(DBN)

____________

 


New Bankruptcy Opinions
(3 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 (17 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - 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:

Bankruptcy Filings for 2015 Lowest Since 2007
(DBN)

Distressed Company Watch List
(DBN)

______________

Sales:

Senior Lienholder's Leverage in Disposition of Its Collateral
(DBN)

Decision Paves Way for Buyers to Apportion Payments Outside Code's Priority Scheme
(DBN)

____________

Non-Profits:

The Nonprofit's Bankrupcy Conundrum: Filing Is Permitted, but Uniquely Restricted
(DBN)

____________

Avoidance Actions:

Fraudulent Transfers of Customer Lists and Other Intangible Assets
(DBN)

____________

Estate Professionals:

The 'Barton' Doctrine Is Alive and Well
(DBN)

____________

Labor:

Third Circuit Holds Companies in Bankruptcy Can Reject Expired CBAs
(DBN)

____________

Plan Confirmation:

The Ninth Circuit Gives Individual Chapter 11 Debtors A Double-Whammy
(DBN)

____________

Professional Compensation:

Lawyers Can't Use 'Workaround' to Get Paid for Defending Fees
(DBN)

Delaware Bankruptcy Judge Rejects Effort to Circumvent Supreme Court’s Asarco Decision
(DBN)

____________

Involuntary Bankruptcy:

Southern District Bankruptcy Court Dismisses for Cause Involuntary Bankruptcy Filed By Single Creditor for Purpose of Enforcing a Debt in a Two-Party Dispute
(DBN)

____________

Equitable Subordination:

Illinois Bankruptcy Court Articulates Low Threshold for Equitable Subordination of Insider Secured Loan
(DBN)

____________

Bankruptcy Alternatives:

Practice Alternatives to a Bankruptcy Filing
(DBN)

____________

Hockey:

NHL Scores Big on Attorneys' Fees Against Nondebtors
(DBN)

____________

Bankruptcy Rules:

Meeting of the Judicial Conference Advisory Committee on Rules of Bankruptcy Procedure
(DBN)

____________

Proofs of Claim:

Tensions Continue to Mount Between the Bankruptcy Code and the FDCPA
(DBN)

____________

Recent Pleadings:

Asarco Boomerangs On Debtor's Counsel In Samson Resources Case
(DBN)

______________

Fraud:

The Future of Fraud-Busting
(DBN)

Liquidation of MF Global Comes to an End
(DBN)

____________

Consumer Finance:

CFPB presses banks to offer ‘small-dollar loans’
(DBN)

____________

Celebs:

Teresa Giudice Recalls 'Horrible' Prison Conditions: It Was Like 'Living in Hell'
(DBN)

Judge Throws Out Cosby Defamation Suit
(DBN)

____________

Student Debt:

Why Does the Government Pursue Student Debtors in Prison?
(DBN)

Federal Student Aid, Not Faculty Salaries, Is Primary Driver Of Escalating Tuition
(DBN)

____________

Sovereigns:

'The most miserable country in the world' is slipping toward default
(DBN)

Argentina still has uphill battle with holdouts
(DBN)

Is Paul Singer Preventing an Argentine Settlement with Hedge Funds?
(DBN)

Argentina Hires New Lawyers in Debt Battle
(DBN)

Holdouts: keep Argentina out of markets
(DBN)

Bond battle drags as Elliott rejection sparks ‘vulture’ divide
(DBN)

Argentina's Settlement Negotiations and Lifting the Injunction
(DBN)

____________

UK:

Don't waste my time, Mr Insolvency Practitioner: Creditor Portals do not equal Creditor Engagement
(DBN)

Section 236, extra-territorial effect and a way forward following Re MF Global UK Ltd and Re Omni Trustees Ltd
(DBN)

____________

PIIGS:

Greek Church On the Verge of Bankruptcy
(DBN)

ie: Bankruptcy inquiries ‘double’ after new one-year term reform
(DBN)

4 things worrying Spanish bankers
(DBN)

Spain's Abengoa asks for loan of up to 750 mln euros -source
(DBN)

Italy Said to Weigh Rules Making Layoffs Easier for Bank Mergers
(DBN)

____________

Canada:

Goodwill Toronto has $6-million in liabilities after declaring bankruptcy
(DBN)

Holding the black bag: Personal health information and bankruptcy proceedings
(DBN)

Red Lights: Canada Prepares for Recession
(DBN)

Canadian energy companies sell “jewels” to keep oil sands afloat
(DBN)

____________

Australia:

Nathan Tinkler to fight GE bid to bankrupt him over jet debt
(DBN)

Asciano Creditors Scamper for Protection as Bidding War Heats Up
(DBN)

____________

Sudan:

For South Sudan, a new challenge looms: bankruptcy
(DBN)

____________

Iceland:

How did Iceland clean up its banks?
(DBN)

____________

Ukraine:

Ukraine National Bank declared Kredit bank insolvent
(DBN)

Germany Asks Ukraine to Boost Debt Terms After Russia Rebuff
(DBN)

Lagarde Says Ukraine Must Reform or Risk IMF Program Failing
(DBN)

____________

India:

State Bank of India Default Swaps Jump to Highest Since 2014
(DBN)

____________

Norway:

Time Has Now Come for `Best' Norwegian Junk Bonds to Feel Pain
(DBN)

____________

Latin America:

Fitch Sees High Default Probability for 10 Latin America Issuers
(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 $63/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 phone or text us at 281-402-3957. You can email us 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