July 29, 2016

The Daily Bankruptcy News

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Law:

Biglaw Firm Finally Reveals Compensation For Midlevel And Senior Associates — And They Are Pissed $180K Hits A New Market
(DBN)

An Actual Expert Weighs In On The Law Firm Salary Extravaganza
(DBN)

The 11 best law schools in the Midwest
(DBN)

7 Ways To Stay Sharp In SmallLaw
(DBN)

Small Firms’ Greatest Challenges — And What They’re Doing To Address Them
(DBN)

Pursuing Gender Pay Equity Still Risky At Many Firms
(DBN)

The Future For Law Students, Law Schools, And The Profession
(DBN)

Houston College of Law Fires Back in Trademark Fight Over Name
(DBN)

Partners Allege Noted Sports Lawyer Caused Firm's Bankruptcy
(DBN)

How An Attorney Uses Cloud Software To Manage Litigation
(DBN)

Top Lawyers Frequenting High-End S-- Club
(DBN)

DLA partner's creepy emails revealed
(DBN)

10 great productivity apps
(DBN)

Law Firm Partner Sentenced To Jail For Pretending To Be A Tax Lawyer Also Claimed To Be A Columbia Tax Prof
(DBN)

“Blind allocation”: Meet the new breed of millennial associates
(DBN)

Biglaw Partner Files Class Action Lawsuit Over ‘Male-Dominated Culture’ Partner’s equal-pay suit claims Sedgwick has a ‘male-dominated culture’ that hinders women
(DBN)

Steven Avery Of ‘Making A Murderer’ Says His Defense Lawyers Should Be Disbarred
(DBN)

Law firm sues ex-client over her online reviews about ‘pushy’ and ‘super unprofessional’ lawyers
(DBN)

Man Claims He was Strip Searched After Cop Mistook Doughnut Glaze for Crystal Meth
(DBN)

Beauty Queen Sentenced to Prison After Shaving Head, Faking Cancer
(DBN)

A prominent legal scholar gave an interesting analogy for how the case against Rolling Stone may play out
(DBN)

Cop kills 107 Year Old Man, Gets Medals
(DBN)

Lawyer is accused of making false peanut allergy provocation claim against opposing counsel
(DBN)

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Judges:

Recall effort for Brock Turner’s judge poses serious threat to rule of law, say law profs
(DBN)

Justice Ginsburg rules for Shylock in mock appeal
(DBN)

7th Circuit judge has ‘penchant for confabulation,’ losing law prof alleges in law review article
(DBN)

Judge sacked for boozing in court
(DBN)

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Wall Street:

U.S. stocks poised for losses, with GDP, key earnings ahead
(DBN)

US stocks close little changed after earnings, oil drop
(DBN)

Wall Street Said to Face Renewed Pressure on Risky Lending
(DBN)

The stock market just did something it hasn't done in at least 45 years
(DBN)

The Mystery Behind Wall Street's Wildest Party
(DBN)

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Layoffs:

3rd Circ. Upholds Sun Capital's Exit From WARN Act Suit
(DBN)

Baker Hughes cut 3,000 jobs amid $911 million 2nd-quarter loss
(DBN)

Microsoft is laying off another 2,850 people in the next 12 months
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sale nears for bankrupt Total Hockey chain
(DBN)

Why Sports Authority’s Bankruptcy Has the Rest of the Retail Industry Feeling Spooked
(DBN)

Consignment Deals Don't Work So Well When Retailers Go Bankrupt
(DBN)

Claire's Stores to begin debt restructuring talks-sources
(DBN)

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Defaults:

Fitch: Halcon Filing Drives US HY E&P TTM Default Rate to 30.7%
(DBN)

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Politics:

Giuliani: Forcing Muslims on FBI watch list to wear electronic tags or bracelets is an 'excellent idea'
(DBN)

That Time Trump Wriggled His Way out of Bankruptcy and Called It a 'Blip' Trump: I was being 'sarcastic' Trump's take on college affordability Trump And Tyranny New York Gov. Andrew Cuomo rips Donald Trump's campaign slogan Mark Cuban bets that this is Donald Trump's 'biggest debate fear' - Business Insider Father of deceased Muslim US solider holds up a copy of the Constitution and asks Trump if he's ever read it Trump, Kids Named in $250M Tax Fraud Case Economic Advisors: Trump Will Cost 3.5M Jobs
(DBN)

Michael Bloomberg just summed up the election in one sentence
(DBN)

'A house built by slaves': What's driving the fact-checking of Michelle Obama? We need the Obamas to keep reminding us that America was built by slaves
(DBN)

Clinton's Sprawling, Historic Speech Fact Check: Hillary Clinton's Speech Accepting Democratic Nomination I'm voting for Hillary Clinton—and I think most CEOs will, too The Historic Candidacy Of Hillary Clinton Is Nothing New
(DBN)

DNC: Muslim Talks of Soldier Son Killed in Iraq
(DBN)

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Distressed Investing:

Third Avenue Weighs Sale of High-Yield Fund That Halted Redemptions
(DBN)

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Debt Collection:

CFPB’s new rules rein in aggressive debt collection
(DBN)

Wells Fargo Said to Face U.S. Probe Over Soldiers’ Car Seizures
(DBN)

Uniform Law Commission Finalizes Wage Garnishment Act
(DBN)

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Advisors:

Lazard profit beats on higher restructuring advisory revenue
(DBN)

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Fraud:

Rothstein Feeder Fund Settles With Insurers For $2.2M
(DBN)

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Healthcare:

Obamacare’s sinking safety net
(DBN)

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Gambling:

Can The $4 Billion Offer For Its Online Gaming Business Rescue Caesars From Its Junior Lenders?
(DBN)

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Coal:

Death of Coal: Even Banks Are Giving Up On a Coal Recovery
(DBN)

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Economy:

U.S. Jobless Claims Rose to 266,000 New Jobless Claims Rise, Still Low
(DBN)

Capitalism can’t thrive on near-zero rates, Bill Gross says
(DBN)

Fed Leaves Door Open to Move as Soon as September
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Declined Modestly" in July
(DBN)

The Atlanta Fed just slashed its GDP outlook
(DBN)

U.S. trade gap widens in June and retail inventories rise in new advance look at economy
(DBN)

Key truths about the Obama economy
(DBN)

Visualizing How Fortune 500 Companies Use Offshore Tax Havens
(DBN)

S&P: Leverage Levels Hit New High while Interest Coverage Slips
(DBN)

US Recovery May Not Be Worst on Record
(DBN)

Seattle's New Minimum Wage: Good and Bad
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homeownership in the US has never been lower Millennials cause homeownership rate to drop to lowest level since 1965
(DBN)

HVS: Q2 2016 Homeownership and Vacancy Rates
(DBN)

Mortgage rates are up again but remain below norms
(DBN)

U.S. Expands Real Estate Money Laundering Reporting
(DBN)

U.S. Homeownership Rate Falls to Five-Decade Low
(DBN)

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Municipalities:

Don't Be So Sure That States Can't Go Bankrupt
(DBN)

Puerto Rico Extends Legal, Advisory Contacts After Debt Default
(DBN)

Detroit prices first GO bonds since bankruptcy Pricing Shows Strong Demand for Detroit Bonds
(DBN)

Atlantic City Mayor Says Aug. 1 Debt Payments Will Be Made Atlantic City Accepts Terms for State Loan Atlantic City getting loan it needs to avoid bankruptcy Christie to Atlantic City: Accept loan as is or face bankruptcy
(DBN)

Amid FBI probe, Opa-locka manager resigns as city nears bankruptcy
(DBN)

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Oil/Gas:

Shareholders Reject, Criticize Hercules Offshore Plan to Liquidate Shareholders rebuff Hercules Offshore liquidation
(DBN)

Sembcorp Marine Q2 Profit Plunges 90 Percent
(DBN)

Halcon Resources Corp, Atlas Resource Partners: Another Two Take a Fall
(DBN)

Shell’s Debt Nears Edge of Comfort Zone as Rout Boosts Borrowing
(DBN)

Harley Davidson and Cheesecake Factory reveal how bad the oil crash really is
(DBN)

The State Of Earnings In The Oil Industry
(DBN)

Fitch: Energy Leveraged Loan Defaults Already Teed Up for August
(DBN)

Black Elk Energy moves through bankruptcy , to dissolve
(DBN)

Lightstream Confirms Debt Swap Proposal to Bolster Finances
(DBN)

ConocoPhillips Loss Widens as Low Prices Weigh on Revenue
(DBN)

Breitburn Proposes Bankruptcy Bonus Payout of Up to $33 Million
(DBN)

National Oilwell Varco swings to loss
(DBN)

Exco Resources Taps Loan to Fund Distressed Exchange; Warns of Covenant Breach
(DBN)

Atlas Resource Partners: Beware Of CODI
(DBN)

Shell earnings plunge to 11-year low Shell, Total and ConocoPhillips reveal extent of crude price woes in Q2 updates Oil Majors Hit Hard As Refining Boom Comes To An End
(DBN)

It's All Downhill for Oil Refineries Now
(DBN)

Swiber Lenders in Talks With Firm to Drop Liquidation Bid
(DBN)

Ultra Petroleum asks judge to extend Ch. 11 control as cash flows in
(DBN)

Oil industry suppliers see light at the end of the tunnel
(DBN)

Low prices at the gas pump point toward domestic energy slump
(DBN)

Oil Industry About To Be Burned Again By Fall In Oil Prices
(DBN)

US crude dips into technical bear market, down 20% from 2016 high US crude hits three-month low again on reported Cushing build Crude oil enters bear market after losing $41 handle
(DBN)

Big Oil lost one engine when energy prices plunged, now the second is sputtering
(DBN)

Oil Price Rout Casts Shadow Over Earnings in Energy Sector
(DBN)

Supertankers turn UK into centre of global oil glut
(DBN)

US$60 is the new US$50 for US oil drillers contemplating rebound
(DBN)

Faltering Oil Rally Boosts Leveraged Loan Defaults, Fitch Says
(DBN)

The Unseen Hand That Moves the Oil Markets
(DBN)

Oil Prices Hitting Texas' Luxury Retailers
(DBN)

Houston Job Growth Weakest in the Nation
(DBN)

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Guns:

Gun Seller Bankrupt , Seeking To Halt Sandy Hook Lawsuit Gun Shop That Sold AR-15 in Sandy Hook Shooting Files Bankruptcy
(DBN)

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Music:

Can AEG Vet Randy Phillips Save Bankrupt Dance Promoter SFX?
(DBN)

Banks Outmaneuver Sillerman in SFX Chapter 11
(DBN)

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Autos:

Ford just raised a big red flag about the US car market
(DBN)

Washington State Fines Volkswagen $176 Million Over Emissions
(DBN)

Own a VW Diesel: Here's What You'll Get
(DBN)

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Personal Finance:

5 real people who have paid thousands in debt reveal how they did it
(DBN)

15 common money tips you can go ahead and ignore
(DBN)

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Electricity:

NextEra to buy bankrupt Energy Future and its stake in Oncor NextEra Agrees to Buy Oncor in Takeover Valued at $18.4 Billion
(DBN)

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Bankruptcy Crimes:

San Antonio Businessman Enters Guilty Plea to a Scheme Involving Hiding Assets from U.S. Bankruptcy Trustee
(DBN)

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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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Business Bankruptcies Largely Flat In Past 12 Months
(DBN)

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Mediation:

How Mediation Developed — A Local Example (Part 1)
(DBN)

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Sales:

Examining the Second Circuit’s Ruling on GM Successor Liability and Ramifications for Future “Free and Clear” 363 Sales
(DBN)

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Obits:

In Memoriam - Alan Resnick (1947-2016) Hofstra Professor, Authority in Bankruptcy Law Dies at 68
(DBN)

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Tax:

Ninth Circuit Rejects Attorney/Defendant's Discharge As Defense To Tax Evasion Charges
(DBN)

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Structured Dismissal:

Supreme Court to Resolve Circuit Split Over Structured Dismissals
(DBN)

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Miscellaneous:

Recent Developments in Bankruptcy Law, July 2016
(DBN)

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Safe Harbors:

Tinkering With Ipso Facto Provisions In Financial Contracts Could Send Them Sailing Out of Safe Harbors
(DBN)

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Food/Beverage:

4 ominous reasons American fast food is headed for a huge crash
(DBN)

Starbucks baristas say lines are getting longer for one troubling reason
(DBN)

Ruby Tuesday shutters 11 restaurants in Illinois
(DBN)

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Religion:

Bankruptcy judge rejects abuse victims' bid to tap Twin Cities archdiocese parishes, etc.
(DBN)

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Student Debt:

Executive action: New student loan rule may cost billions for taxpayers, let colleges off the hook
(DBN)

Senators seek tax relief for student loan burdens
(DBN)

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Celebs:

Money Woes Continue: ‘Teen Mom’ Amber Portwood Still Owes Uncle Sam $135K!
(DBN)

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Sovereigns:

Bond Traders Lured to Obscure Argentina Debt Reap Yields of 32%
(DBN)

"Tuna" bond investors may sue Mozambique and banks: sources
(DBN)

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UK:

Better Rights Against Insurers Of 'Insolvent' Entities – Finally Here
(DBN)

Lloyds to Cut 3,000 Jobs as Lender Braces for Post-Brexit Slowdown
(DBN)

Flourishing by becoming familiar: how to attract restructuring investors to the post -Brexit UK
(DBN)

Olswang and Linklaters crucified for BHS advice
(DBN)

Mixed outlook from latest insolvency statistics
(DBN)

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EU:

Can these banks face the ‘stress’?
(DBN)

Europe's Banks in Retreat
(DBN)

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PIIGS:

Yanis Varoufakis's Greek Tragedy
(DBN)

New bankruptcy laws are to be welcomed 800 people are released from bankruptcy due to new law
(DBN)

Italy is imploding in slow-motion
(DBN)

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Bahamas:

Govt Insists It Took Right Decision Over Baha Mar
(DBN)

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Singapore:

DBS expects to recover half of its $517 mln exposure to Swiber
(DBN)

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Germany:

Deutsche Bank Says Billionaire Vik May Face Jail Over Debt
(DBN)

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Brazil:

Bradesco sees defaults peaking early in 2017 as Brazil recovers
(DBN)

Brazil judge may soon force vote on Oi board change: lawyer
(DBN)

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Norway:

More than 37,000 jobs lost from industry in Norwegian sector
(DBN)

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India:

Deciphering India's Insolvency and Bankruptcy Bill
(DBN)

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China:

China Steels Its Resolve, But ‘Zombies’ Abound
(DBN)

Creditors urge China's Hebei to act on debt crisis
(DBN)

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Australia:

KordaMentha says no break-up of Arrium as Morgan Stanley hired
(DBN)

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