February 22, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Moving The Goalposts?
(DBN)

Former Dickstein Shapiro Chair Reflects on Demise, Blames Media
(DBN)

Lawyers and Advisers Agree: White-Knuckle The Falling Stock Market This Year
(DBN)

Julia Pitney Joins Drummond Woodsum’s Bankruptcy Group
(DBN)

Cincinnati: Porter Wright Adds New Bankruptcy Partner
(DBN)

Another Strong Year for Jenner & Block
(DBN)

Polsinelli to acquire ‘vast majority’ of lawyers and staffers from Novak Druce
(DBN)

The Tipping Point Of A Lateral Offer: Interview Prep
(DBN)

Harvard Prepares Students To Thrive In A Disrupted Legal Profession
(DBN)

Protect Yourself . . . From Your Client
(DBN)

Apple Is Fixing a Big Problem With iPhones
(DBN)

The Goldman Sachs Elevator guide to dressing like a gentleman
(DBN)

Affluenza case: what transfer to adult court would mean for Ethan Couch 'Affluenza' case moved to adult court: why that may be what defense wanted
(DBN)

When to walk away from an argument
(DBN)

How to respond to ‘You don’t look like a lawyer’
(DBN)

For many lawyers, retirement plan is to keep working
(DBN)

Lawyers face unmanageable workloads without IT
(DBN)

Harper Lee’s Death Prompts a Torrent of Tributes She wasn’t really a recluse”: Rare video shows a warm and friendly side to Harper Lee Alabama town forever linked to Lee and "Mockingbird" All Harper Lee wanted was to be 'the Jane Austen of South Alabama' — here's how she accomplished that and so much more Harper Lee, Elizabeth Warren , Rupert Murdoch: Is This The Truth Behind ‘Go Set A Watchman’? Harper Lee Created the Greatest American Hero
(DBN)

The suspect in a Michigan mass-shooting was an Uber driver
(DBN)

FBI Told San Bernardino to Tamper with Gun's Apple Account Experts: iPhone Can be Hacked w/o Apple The FBI just fired back at Apple
(DBN)

Ted Cruz Moves to Shut Down Birther Suit
(DBN)

Bar Grievance Over Allegedly Defamatory Lawyer Blog Is Dismissed on First Amendment Grounds
(DBN)

IRS Returns North Carolina Man’s Life Savings After He Contested Forfeiture
(DBN)

Lawyers with brilliant names you just couldn’t make up
(DBN)

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Judges:

1st Cir: Panel to weigh applicants to fill bankruptcy judge vacancy
(DBN)

BK RI: On The Docket Newsletter
(DBN)

Judge Teaches 50 Cent Valuable Lesson About Taking Pics Atop Bed Of Cash While Claiming Bankruptcy
(DBN)

Scalia's Passing Probably Good News Creditors, Bad News For Debtors
(DBN)

Battle over Scalia's successor reignites Supreme Court term limit debate Obama ready for ‘war’ over Antonin Scalia successor Scalia's Pro-Business Legacy The Pros And Cons Of Potential Supreme Court Nominees Iowa judge would bring unique background to high court Biden: Obama won’t nominate a ‘new Justice Brennan’ for the Supreme Court The Supreme Court vacancy and the possible collapse of American democracy The next Supreme Court justice should be an atheist for one simple reason Everybody is looking to an 82-year-old Iowa lawmaker to help decide the fate of the Supreme Court nomination Trump: Would Obama have gone to Scalia's funeral 'if it were held in a Mosque?' Why liberals loved to hate to Antonin Scalia Why is Mitch McConnell Picking This Fight?
(DBN)

People are leaving applesauce and broccoli at Antonin Scalia's memorial — here's why
(DBN)

Melodrama at Georgetown Law in the wake of Justice Scalia's death
(DBN)

Why Everyone Should Read A Scalia Opinion Today
(DBN)

Scalia Had No Idea What He Was Doing In At Least One Area Of Law
(DBN)

My Favorite Scalia Memory Is When He Was Wrong. Historically Wrong.
(DBN)

How Justice Scalia Broke PayPal Founder Peter Thiel’s Heart Long Ago
(DBN)

The Supreme Court According To The Simpsons
(DBN)

Public Confidence In SCOTUS At Historic Low
(DBN)

Saucon Valley district judge (bankruptcy lawyer) rescinds resignation
(DBN)

World's Most Interesting Man Goes to Court
(DBN)

How John Roberts Can Save the Supreme Court
(DBN)

SCOTUS: Thomas Hasn't Asked One Question in a Decade
(DBN)

______________

Wall Street:

Dow futures jump triple digits as oil prices rally
(DBN)

World stocks gain broadly, pound falls on EU exit fears
(DBN)

S&P, Dow stumble lower, but eye best week in 3 months U.S. Stocks Up on the Week, But Rally’s Power Fades
(DBN)

A former Bear Stearns exec describes what it's like to be a mom on Wall Street
(DBN)

Jefferies Sees `Meaningful Markdowns' on Stock Amid Turmoil
(DBN)

Investment banks' trading revenue declined 9 percent in 2015: survey
(DBN)

Look out below? Options price in scary S&P swoon
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

 

Coal:

Arch Coal lenders object to restructuring plan
(DBN)

Colorado’s coal output saw 18-point drop in 2015
(DBN)

Coal states must soon rule on Peabody Energy's cleanup subsidy: U.S. regulator
(DBN)

$205 million loss for Cloud Peak coal company as exports sag
(DBN)

Peabody Energy Corporation: Self-Bonding Piling Pressure On Finances
(DBN)

Peabody Mine Sale Said to Hit Snag as Bowie Stalls on Financing
(DBN)

Coal Miners Movement emerges in southern Illinois
(DBN)

____________

Celebs:

Judge Orders 50 Cent to Bankruptcy Court Over Instagram Photos Stacks of Cash Spells 'Broke' In Big Bills Judge Ann Nevins Requests 50Cent To Get His A-- Back In Court Fiddy's Bankruptcy Judge Is Not Overly Chill With His Cash-Flash 50 Cent Busts Out The Calculator, Tallies Up His Bankruptcy Case: "There's A Difference Between Filing Chapter 7 & Chapter 11"
(DBN)

Lawyers for 50 Cent say bankruptcy creditors pointed to cash stacks in online photos to ‘smear’ him
(DBN)

Lorrie Morgan's 'Biggest Mistake' Is a Valuable Lesson
(DBN)

How Can An Artist Get Out Of A Record Contract? Kesha & Dr. Luke’s Case Raises Important Questions
(DBN)

____________

Distressed Investing:

Bad debt is good news for special-situation funds
(DBN)

Hans Humes' Tips on Distressed Debt Investing
(DBN)

Seeking Yield? Don't Look for it in Junk Bonds Right Now
(DBN)

S&P warns it may cut Icahn Enterprises to junk status, stock falls
(DBN)

____________

Education:

Poorest Students Feel the Bite of Rising College Costs
(DBN)

College tuition rising at slowest rate ever
(DBN)

____________

Autos:

Takata air bag recall could cost VW up to $445 million
(DBN)

Former Saab Officials Charged in Sweden
(DBN)

____________

Personal Finance:

17 unethical — and sometimes illegal — life hacks people use to get ahead in life
(DBN)

Here's how you can get your money back if an item you buy goes on sale
(DBN)

____________

Mass Torts:

The Mass Tort Bankruptcy : A Pre-History
(DBN)

Significant Inconsistencies Found in Claims to Asbestos Bankruptcy Trusts, Study Says
(DBN)

____________

Pharma:

Valeant Had A 58% Chance Of Bankruptcy Last Year Valeant Falls Anew on Harsh Analyst Report
(DBN)

____________

Alternative Energy:

SunEdison Cash Reserves Shrinking Amid Lawsuits, Canceled Deal
(DBN)

____________

 

 

 

 


Economy:

Why Yellen, Fed may be heartened by CPI data
(DBN)

Below Zero: Negative Yields, Negative Rates And The Price Of Baked Beans Some countries are using negative interest rates to fight slowdowns: Is the US next? Ex-BOJ Official Sees Side-Effects From New Negative Rate Policy Fed could trigger another recession 3 Dangers of a Negative Interest Rate Policy Here's why negative interest rates could be heading even lower Fear and Loathing of Negative-Yield Debt: Bond Trader's Dilemma
(DBN)

Is the Global Economy Slowing Down?
(DBN)

Recession Already Reality in Spots From West Virginia to Wyoming
(DBN)

Everybody calling for the Fed to admit defeat is wrong
(DBN)

The World's Vanishing Middle Class
(DBN)

Why Small-Business Hiring Should Make You Feel Better About the Economy
(DBN)

Harry Dent: The recession isn't coming — it already started
(DBN)

To Match Lofty Growth Goals, Presidential Candidates Need Better Plans How Bernie Sanders' proposals would spur economic growth
(DBN)

Ted Cruz's tax plan would cut $8.6 trillion in revenues
(DBN)

Oaktree's Howard Marks: Donald Trump Scaring Investors
(DBN)

Down but not out, U.S. economy still a beacon of growth
(DBN)

US consumers can't save the world economy
(DBN)

China is buying up American companies fast, and it's freaking people out
(DBN)

Lagarde wins second IMF term, now comes hard part
(DBN)

Chilling ways the global economy echoes 1930s Great Depression era
(DBN)

Welcome to economic stagnation and stock market dysfunction
(DBN)

This is the most sleep-deprived state in the U.S.
(DBN)

The 2020 Maturity Wall: $4.1T of Debt to Mature. And 1/3 of that is High Yield
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

'Foaming the Runway' for Homeowners: U.S. Bankruptcy Courts Preserving Homeownership in the Wake of the Affordable Modification Program
(DBN)

Banks Speeding Up Repossessions of Foreclosed Homes
(DBN)

Dallas firm faces complaints of selling money pit homes to people who can’t afford them
(DBN)

Bankruptcy for Camden complex
(DBN)

Siding With Foreclosure Victim, California Court Exposes Law Enforcement Failure
(DBN)

Evicted From Home She Lived in for 66 Years
(DBN)

____________

Municipalities:

The Supreme Court And Puerto Rico
(DBN)

Puerto Rico trap in the midst of crisis; US Treasury Secretary strongly advises debt-restructuring regime
(DBN)

There's a big sale on Puerto Rican homes
(DBN)

US Treasury's Lew meets with Puerto Rico bondholders
(DBN)

A.C. leader calls state takeover bill 'dictatorship,' Sweeney fires back
(DBN)

Threatening `Farewell' to LSU Football Shows Louisiana's Strains
(DBN)

____________

 

Oil/Gas:

Oil and gas producers ‘in distress’ as low oil price pain continues
(DBN)

These Bankruptcy Court Rulings Could Spell Doom For Pipeline Operators
(DBN)

Mon.: Oil prices rise on low US rig count, firmer stock markets
(DBN)

Oil downturn has a long way to go
(DBN)

IEA sees US oil output at all-time high by 2021
(DBN)

Veterans of 1980s oil glut say this price slump, too, will last
(DBN)

Oil may get close to $20, Abu Dhabi bank predicts
(DBN)

Oil rig count plummets yet again North Dakota rig count testing new bottom
(DBN)

Kemp: Oil's Slump Is Scattering The Workforce And Supply Chain
(DBN)

Production Freeze Won't Fix Oil Collapse Official: Half of Global Oil Glut May Disappear if Output Deal Works OPEC Has Never Had As Much Power As People Think
(DBN)

Saudi oil minister to face rival US producers as price rout bites
(DBN)

Sorry Joe: Saudis Winning Oil War with US
(DBN)

Can Saudi Arabia and Russia stop oil price free-fall?
(DBN)

Obstacles hold back US oil sector M&A
(DBN)

Oil prices poised to remain low as Saudis ‘blink’
(DBN)

Saratoga Resources Seeks to Avoid ‘Calamitous End’ to Restructuring
(DBN)

Low oil prices not driving economy
(DBN)

Despite low oil, Gulf of Mexico production expected to hit record high
(DBN)

The Oil Crisis in Plain English
(DBN)

Bernanke Says Oil, Stocks Moving Together, Driven by Demand Story
(DBN)

Ultra facing restructuring on debt problems
(DBN)

Pacific Misses Payment, Says Some Creditors Grant Extension
(DBN)

Enbridge Looks Beyond Oil Sands as Rout Casts Doubts on Projects
(DBN)

Whiting Said to Suspend Plans to Drill 20 Bakken Wells
(DBN)

A Quick Update On Paragon Offshore's Pending Restructuring Agreement
(DBN)

University of Alaska prepares for millions cut from budget due to oil price slump
(DBN)

Firesale In Energy Assets
(DBN)

The oil crash is crippling Texas
(DBN)

Millennials Are Using One of the Riskiest ETFs to Speculate on Oil
(DBN)

Moody’s tallies 28 downgrades in the energy sector since December
(DBN)

Daniel Yergin: Energy industry at its “day of reckoning”
(DBN)

Exxon Mobil fails to replace production for first time in 22 years
(DBN)

How Putin Is Surviving Lost Oil Revenue
(DBN)

____________

Agriculture:

Could Iran turn California's pistachio profits to peanuts?
(DBN)

Bank told to let Turner trustee access $314,000
(DBN)

____________

Retailing:

Why Nordstrom Earnings Failed to Please Analysts
(DBN)

Walmart $1 Minimum Wage Increase Costs It $2.7 Billion
(DBN)

Home Depot, Target to wrap up dismal earnings season
(DBN)

Joyce Leslie to Sell Off IP, Store and HQ Leases in Bankruptcy Proceedings
(DBN)

____________

Fraud:

Martin Shkreli really is a bad boy of pharma, government argues Shkreli May Intimidate `Mere Mortals' But Lawyer Sees No Threat
(DBN)

Post-Prison, Former Enron CFO Hits Speaking Circuit
(DBN)

____________

Brokers:

40 Cetera Advisors Depart, Citing Pressures From RCS Bankruptcy
(DBN)

____________

Debt Collection:

Court Rules in Favor of Law Firm and Creditor in Four Year Old FDCPA and Bankruptcy Case
(DBN)

____________

Healthcare:

Forest Park Southlake: Beautiful … and Bankrupt ?
(DBN)

____________

Food/Beverage:

Haggen auction postponed to March 11
(DBN)

Fairway Market is on the brink of default. Here's what went wrong at one of New York's most prominent grocery chains
(DBN)

____________

Asset Protection:

Does A Charging Order Lien Survive The Expiration Of The Judgment? Estate of Metzner
(DBN)

____________

Radio:

IHeart Said to Discuss Detente With Debt Holders to Forge Deal
(DBN)

____________

Student Debt:

Obama Administration Tussles With Students Over Debt Relief
(DBN)

Rapper takes on student loans
(DBN)

____________

Banking:

HSBC swings to $1.33 billion loss
(DBN)

Is HSBC’s Loss Feeding a Fear in Banking?
(DBN)

HSBC Drops After First Quarterly Loss in More Than 5 Years
(DBN)

____________

 

 

 

 

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

Business bankruptcies: 'The carnage is going to be terrible'
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

2016 Lookback Period – Six Weeks (Part 3)
(DBN)

____________

Claims Trading:

Brett Miller: Claims Traders’ Motivations Irrelevant Jack Butler: Long History Backs Up Role of Claims Trading in Bankruptcy
(DBN)

____________

Make-Whole:

Drafting Critical for Bankruptcy 'Make-Whole' Provisions
(DBN)

____________

Bankruptcy Rules:

U.S. Bankruptcy Court in Delaware Makes Substantive Changes to Local Rules
(DBN)

BK CO: New Local Rules Subcommittee on Unbundling
(DBN)

____________

Bankruptcy Reform:

Dollar Amounts In Bankruptcy Code Increase
(DBN)

____________

 

Insurance:

Answering Bank Directors D&O Insurance Questions
(DBN)

____________

TBTF:

Kashkari's sage candor on banks refreshing
(DBN)

There's no point to breaking up banks
(DBN)

Banking structure hasn't changed enough to stop another crisis like 2008
(DBN)

Can Mutual Funds Be Too Big to Fail? NY Fed Says Yes…Sort Of
(DBN)

Anxiety Over Living Will Grades Goes Beyond Banks
(DBN)

____________

Shipping:

Commodity Slump Puts Dry-Bulk Shipping on Hold
(DBN)

Chinese Ship Builder Warns Investors of Possible Rougher Seas Ahead
(DBN)

GC Reiber Shipping hit by Dolphin bankruptcy slashes workforce
(DBN)

Steel and shipping have an overcapacity problem
(DBN)

____________

Hollywood:

Netflix wants to rip up distribution deal with bankrupt Relativity Netflix Appeals Relativity Bankruptcy Court Ruling On Licensing Deal Netflix Aims to Exit Relativity Deal With Appeal of Bankruptcy Judge's Conclusions
(DBN)

____________

Furniture:

RoomStore hosting bankruptcy liquidation sale
(DBN)

____________

Ethanol:

Creditors get agreement to keep Abengoa from moving assets of ethanol plants
(DBN)

____________

Defaults:

Corporate defaults are on the rise, with 3 more last week
(DBN)

____________

Currency:

Is a Bitcoin a Buck? Not in This Case
(DBN)

US Bankruptcy Judge Bitcoin Is Intangible Personal Property Not Cash
(DBN)

____________

 

Sovereigns:

U.S. Judge to Lift Injunction in Argentina Debt Dispute US judge backs Argentina on its debt repayments Griesa prepared to drop injunction if Argentine congress repeals 'lock law' Argentina Bonds Judge Says He Will Lift Debt-Service Injunctions Argentina ratifies request to have debt injunctions dropped Major Argentine Creditors Disagreed To Bid In Lifting Debt Injunctions
(DBN)

Argentina wins a victory against its hedge-fund creditors Argentina's Legal Moves Turn Up the Heat on Bond Holdouts
(DBN)

Argentina Ruling a Boon for Bonds as Holdouts Lose Leverage
(DBN)

Argentina signs, delivers bond deal-on loose leaf
(DBN)

Argentina : Vulture Funds Go For More
(DBN)

Pari Passu Endgames: Now With Even More Unequal Treatment!
(DBN)

Pari Passu Closing Ceremonies Quote Parade
(DBN)

And... That's A Wrap. (Maybe?)
(DBN)

Sovereign Debt and Stock Bonuses
(DBN)

No Need to Negotiate with Vulture Funds
(DBN)

____________

UK:

The mayor of London will defy Britain's Prime Minister and campaign for a Brexit Britain's EU referendum will be held June 23
(DBN)

In defense of CVAs and pre-packs: The UK's insolvency regime might not be perfect, but it does minimize creditors' losses and protects staff more than alternatives
(DBN)

____________

EU:

Europe's Economy Strains as Global Slowdown Takes its Toll
(DBN)

Eurozone economic activity slows in February
(DBN)

____________

PIIGS:

Are Italian Banks at a Boiling Point?
(DBN)

____________

Canada:

Bombardier Is Heading For A Crash Landing
(DBN)

U.S. Steel Canada Said to Draw Interest From ERP, Other Suitors
(DBN)

Canada Stocks Fall to Halt Four-Day Gain as Crude Resumes Slide
(DBN)

____________

Brazil:

Sete Brasil shareholders may file for bankruptcy -sources Sete Brasil Plans Bankruptcy Here’s How Petroleo Brasileiro SA Petrobras Forces Sete Brasil to File for Bankruptcy
(DBN)

GM could cancel $1.6 bln investment in Brazil - company president
(DBN)

Brazil eyes Abengoa intervention after default, papers say
(DBN)

____________

MENA:

Bahrain cancels $750m bond sale after S&P downgrade
(DBN)

Dubai needs to update finance laws to compete
(DBN)

____________

India:

'Bad Loan-hit Banks Need Bankruptcy Code, Government Support'
(DBN)

Indian Sovereign Bonds Decline on Supply Concern, Budget Deficit
(DBN)

____________

Bahamas:

A $3.5 billion resort in the Bahamas, incomplete and empty
(DBN)

____________

Romania:

Romanian football: Clubs in deep debts keep players as 'slaves'
(DBN)

____________

China:

Failure finally an option for state enterprises
(DBN)

China's Debt Seen Rising Through 2019, Peaking at 283% of GDP
(DBN)

Overcapacity In China’s Industry ‘Ever More Destructive’ To Domestic And Global Economy: Report
(DBN)

____________

South Africa:

Tipping Point Looms for Despairing South Africa
(DBN)

____________

Australia:

Aussie Banks' Debt Is Ugliest in More Than a Decade Versus U.S.
(DBN)

Queensland Nickel under-investment proves costly
(DBN)

____________

South Korea:

Gov't to Expand Credit Support for Troubled Firms
(DBN)

____________

MENA:

Iraq On The Brink Of Chaos As Oil Revenues Fall
(DBN)

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>

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