July 6, 2016

The Daily Bankruptcy News

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Law:

It’s All About Optics Man: Biglaw Firm Bans Personal Email After Salary Info Leaked A ‘Sort Of, Not Really’ Cravath Match For The Holiday
(DBN)

Former Dewey chairman owes Citibank $400K, judge finds
(DBN)

Biglaw Partner Goes Out In Blaze Of Glory With Musical Departure Video
(DBN)

Roundtable: Bankruptcy litigation
(DBN)

Litigation Slump, Leadership Shifts Take Toll at Cadwalader
(DBN)

Finance And Law: How To Critique A Valuation Model In Court
(DBN)

Law Professor Dealing With An Evil Dean? Here’s What To Do
(DBN)

Interview With A ‘NewLaw’ Pioneer
(DBN)

Working With Emotional Pain
(DBN)

Top firms release their full year financial results and profits per equity partner continue to rise across the board
(DBN)

The Billable Hour Is A Feminist Issue
(DBN)

Law Means Never Having To Say You’re Sorry
(DBN)

Brexit Effect Begins to Drag on Profit at Allen & Overy Law Firm A&O reports 2.3% revenue rise while PEP stays static
(DBN)

London solicitors look to dual qualify as New York attorneys amid Brexit chaos
(DBN)

How To Format Pleadings
(DBN)

The most commonly misused words and what they actually mean
(DBN)

Attorney Suspended for 90 Days Over Snide Comments To Other Attorneys
(DBN)

Why you should be suspicious of the over-introducer
(DBN)

Chipotle executive making $4.3 million a year arrested on charges of cocaine possession E.Coli Burritos ‘Might Have Driven’ Chipotle Exec To Drugs: Bloomberg
(DBN)

Machine guns aren’t protected by Second Amendment, 5th Circuit rules
(DBN)

Oscar Pistorius is sentenced to 6 years in jail
(DBN)

FBI recommends no charges for Hillary Clinton after completing email probe
(DBN)

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Judges:

Posner apologizes, says his controversial comments were about a ‘living Constitution’
(DBN)

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Wall Street:

Dow futures slide almost 100 points as Brexit fears nag Stocks are set to sink at the open as Treasurys surge in 'risk-off' mode
(DBN)

Stocks and bond yields sink as growth fears set in
(DBN)

US stocks skid and bond prices surge on British worries
(DBN)

Traders are buying 3 things to prepare for the worst
(DBN)

'The next correction will extract more than a pound of flesh in damage'
(DBN)

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Layoffs:

30 jobs that are quickly disappearing in the US
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Arch Coal In New Deal for Bankruptcy Exit Plan Arch Coal Announces Global Settlement That Facilitates Consensual Completion of Financial Restructuring
(DBN)

A Model for ‘Clean Coal ’ Runs Off the Tracks
(DBN)

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Food/Beverage:

Fairway leaves bankruptcy , reorganizes with new board
(DBN)

How Hostess came back from bankruptcy Wall Street made a killing from Twinkies Twinkies: Trick or Treat? What it took to save the Twinkie The Twinkie’s Future is Bright, Thanks to These Lawyers
(DBN)

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Bankruptcy Crimes:

Yikes!! Attorney Sentenced to 34 Months in Prison For Failing to Disclose Receipt of Filing Fees for Chapter 13 Cases
(DBN)

Feds: After pleading guilty, Norfolk bankruptcy petition preparer illegally helped someone else
(DBN)

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Celebs:

Teresa Giudice Talks About Juicy Joe In Jail, Starts To Cry.
(DBN)

Hulk Hogan accuses Nick Denton of bankruptcy shenanigans
(DBN)

Creditors after former Mad Ants coach
(DBN)

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Consultants:

Deloitte names new corporate restructuring group leaders
(DBN)

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Student Debt:

Lesson Learned: Sometimes Paying Zero Is Still Too Much for Student Debtors
(DBN)

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Debt Collection:

A debt collector faces 20 years in prison for a scheme that victimized 6,000 people nationwide
(DBN)

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Shipping:

Hanjin Shipping starts talks with creditors over debt maturity extension
(DBN)

ARA Physical Bunker Supplier Files for Bankruptcy
(DBN)

Samsung Heavy workers to stage strike this week
(DBN)

Dry Bulk: Virtually Every Company in the Industry is Still at Risk, Says New Report
(DBN)

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Autos:

VW dealer's real estate arm files Chapter 11, with Bergen bank on hook for loans
(DBN)

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Asset Protection:

Comparing Domestic Asset Protection Trust States
(DBN)

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Taxis:

Taxi Medallion Owners Slammed by Uber, Lyft
(DBN)

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Retailing:

Retailers are closing faster than you think
(DBN)

Is end of road coming for troubled shopping malls?
(DBN)

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Photography:

Ion Worldwide’s Bankruptcy Is a Red Flag for GoPro
(DBN)

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Economy:

Factory orders fall more than expected in May
(DBN)

Fed’s Williams downplays cautionary signal in national economic index
(DBN)

US bonds soar as investors pile into safe-haven assets
(DBN)

Yield Curve Shows 60% Chance of Recession, Deutsche Bank Says
(DBN)

UC Berkeley’s Income Inequality Critic's Faculty Salary Puts Him In The Top 1%
(DBN)

Year-over-Year Change in Employment Since 1968
(DBN)

Household debt ticked upward at start of 2016, but credit card balances fell
(DBN)

Corporate America is giving a ton of cash back to its shareholders — and this should worry investors everywhere
(DBN)

Slowdown in Shadow Lending Tightens Credit on Main Street
(DBN)

JP Morgan: Time for Gov't to Start Spending
(DBN)

Roubini: Globalization backlash pits winners against losers
(DBN)

Brexit is just the beginning of a popular revolt against elites
(DBN)

Gig Economy: Uber Drivers Make Only $13.25 an Hour
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US office vacancy rate falls to seven-year low Rate declined in Q2 to 16.0%
(DBN)

Mortgage Rates at Record Lows
(DBN)

Mortgage refinances jump 21% on near record low rates MBA: "Mortgage Applications Surge in Latest Weekly Survey"
(DBN)

House Prices up 5.9% Year-over-year in May
(DBN)

Freddie Mac sells $43.7 million in non-performing loans to non-profit
(DBN)

Fifth Third Mortgage now offers mortgages with no down payment
(DBN)

June appraisal volume closes on a low note
(DBN)

CoreLogic: Home prices keep rising, demand not letting up
(DBN)

Majority of Troubled Loans Sold by FHFA are Unresolved
(DBN)

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Municipalities:

Detroit’s Home County Steps Back From Abyss as Finances Improve
(DBN)

Puerto Rico's Debt Crisis Explained
(DBN)

PROMESA becomes law: all businesses in Puerto Rico will be affected – top points about this sweeping rescue package
(DBN)

Puerto Rico Default 'Not A Surprise Nor A Problem' For Bond Insurers
(DBN)

Puerto Rico Default 'More Severe' Than Past Partial Payments: KBW
(DBN)

Puerto Rico experiences physician exodus
(DBN)

Fitch Downgrades Puerto Rico's IDR to 'RD' and GO bonds to 'D'
(DBN)

Is there life after debt for Puerto Rico ?
(DBN)

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Oil/Gas:

“Alberta, Alberta: What Is a Secured Lender/Noteholder To Do with Canadian O&G Collateral?”
(DBN)

North Dakota joint operating agreements (JOAs) in a bankruptcy case
(DBN)

Oil futures end at lowest level in a week Oil Crashes As Crippled Pound Drags Down Equities Oil edges lower as strong dollar, economic concerns weigh Oil heading to biggest drop in 5 months amid glut
(DBN)

Viking Supply Ships battles bankruptcy threat
(DBN)

Battered Oil Companies Ready to Spend Again
(DBN)

Chevron, partners to plow $37 billion into Kazakhstan field Huge Chevron, Exxon Kazakhstan Investment Is A Bet Oil Has Stabilized
(DBN)

An oil crash so deep even Exxon is hurting
(DBN)

Shell Warns Of Further Job Cuts
(DBN)

Linn Energy's May Income Report Was Decent, But Confusion Remains
(DBN)

As prices rise, shale drillers return to to most profitable sites
(DBN)

Move Over Canada, U.S. Shale Gas is Here to Stay
(DBN)

Saudi Arabia's oil reserves: how big are they really? - Kemp US oil reserves surpass those of Saudi Arabia and Russia
(DBN)

Political stability in Libya could be terrible news for the global oil market
(DBN)

Turmoil in the North Sea – An IP’s Practice Guide
(DBN)

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Politics:

FBI Director: Hillary 'extremely Careless,' But No Charges Recommended Tough Words for Clinton's Lawyers as FBI Drops Email Probe This paragraph from FBI's statement explains why the agency isn't recommending charges against Clinton AP Fact Check: Hillary Clinton's claims about her emails collapsed under the FBI investigation FBI Findings Damage Clinton's Excuses FactCheck: 12 Questions on Clinton's Emails Who Would Have Prosecuted Hillary Clinton Anyway? Anyone Else Would be Tried and Convicted The FBI just contradicted a key element of Hillary Clinton's email defense Trump: It's 'rigged!' Trump accuses Clinton of bribing Loretta Lynch amid email investigation Takeaways From the FBI Director’s Statement on Hillary Clinton’s Use of Private Email Paul Ryan Says FBI’s Hillary Clinton Email Decision ‘Defies Explanation’Ted Cruz says he has 'serious concerns' about FBI director's integrityHillary Clinton’s email problems might be even worse than we thoughtThe FBI's Gift To The GOPText of FBI Director Comey’s statement on Clinton emailsBernie Sanders supporters are outraged over the FBI's decision on Hillary Clinton's emailsHillary Clinton Needs a Dr. NoPaul Ryan suggests he will call FBI director James Comey to testify before CongressPaul Ryan: Hillary Clinton should be blocked from receiving classified information as a candidateComey: 'No Reasonable Prosecutor Would Bring Such a Case'
(DBN)

A Real Estate Developer Can Go Bankrupt. A President Can’t. Donald Trump Isn't Sorry Donald Trump and the Jews, explained Why the Dump Trump effort will most likely fail at the GOP convention
(DBN)

Clinton seizes opening as Trump alienates big business Did Hillary Clinton Just Win The Student Vote With This Plan? Hillary Clinton's campaign is blasting Donald Trump's praise for Saddam Hussein Clinton expands her lead over Trump in new poll
(DBN)

Warren Fact Check: Trump's position is "to roll back all" of the financial regulations passed after the financial crisis.
(DBN)

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Gambling:

Trump Taj Mahal strike enters day 5 with no sign of stopping
(DBN)

Owner defends management of Atlantic City casino
(DBN)

____________

Fraud:

Real Libor Scandal: Who Isn't in Court
(DBN)

The FBI is looking into 30 suspected insider trading schemes
(DBN)

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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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

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Bankruptcy Statistics:

Buffalo: Area bankruptcy filings increase 4.3 percent
(DBN)

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Mediation:

Preparing for Multiparty Mediation: A Checklist — Part Three
(DBN)

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Standing:

Eighth Circuit Holds a Lender to a Special Purpose Entity is not a “Person Aggrieved” by an Order Substantively Consolidating the SPE’s Bankruptcy Estate with Another Estate
(DBN)

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Automatic Stay:

Relief from Stay Motion Not “Action on a Contract” for Fee-Shifting Purposes
(DBN)

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Chapter 13:

Plan Permitted to Stretch Out Redemption Payments Following a Tax Sale
(DBN)

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Discharge:

SCOTUS: False Representation Now Unnecessary to Find Consumer Bankruptcy Fraud
(DBN)

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TBTF:

A Retooled General Electric: An Industrial Giant That Is No Longer “Too Big To Fail”
(DBN)

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Construction:

California's most famous freeway fixer, Myers Inc., is bankrupt
(DBN)

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Metals:

Unsecured creditors make last-ditch effort to halt Noranda Aluminum auction
(DBN)

Creditors , shareholders spar in Horsehead bankruptcy
(DBN)

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Agriculture:

Farmers told to cough up money received from Turner Grain
(DBN)

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Pensions:

Teamsters pensioners still looking at pennies on the dollar in retirement
(DBN)

Are State And Local Government Pensions Underfunded By $5 Trillion?
(DBN)

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Media:

Hulk Hogan: Gawker made secret $200,000 loan to founder before bankruptcy
(DBN)

____________

Auto Racing:

IndyCar bankruptcy delays Healey from filing lawsuit 5 Investigates: Boston Grand Prix files for bankruptcy Boston Grand Prix is reportedly filing for bankruptcy Owes $1.67 million to ticketholders
(DBN)

____________

UK:

What impact will Brexit have on corporate restructuring and insolvency?
(DBN)

Third U.K. Property Fund Halts Withdrawals in Brexit Turmoil 3 U.K. property funds are frozen: What you need to know A £4.4 billion UK property fund stopped people withdrawing money after investors all rushed for the exit Brexit Vote Rattles Companies Across Europe UK Lawyers: Brexit Can Start Without Parliament Vote Brexit could cause as much 'opportunity as disruption': VC Brexiters Bail on Sinking Ship and Leave the Cleanup to Others British Pound Falls Sharply Again U.K. Banks Can’t Pump Capital Relief Into Dividends, Carney Says U.K. Faces Shortage of Negotiators for Brexit Talks, Letwin Says Brexit Erodes U.K. Economic Pillars as Property Investors Flee Tony Blair Holding Jamie Dimon’s Hand Through Brexit Anxiety Apple could be feeling the effects of Brexit Global bond burn from Brexit may now force fiscal response Goldman Sachs: The pound could crash to $1.20
(DBN)

Bank of England to UK bankers: Start lending
(DBN)

Tata Steel and proposed changes to pensions legislation- a watching brief for the insolvency world
(DBN)

Government to mull over what to do next for insolvency rules, including what respite to give companies in trouble
(DBN)

Lenders to be barred from hounding friends and family of struggling borrowers
(DBN)

____________

EU:

Europe's next big problem
(DBN)

Brexit vote leaves policy makers in disarray across Europe
(DBN)

EU Answer to the Mess That Brexit Left
(DBN)

EU Authority Fraying After Brexit Vote
(DBN)

German factory orders stagnant in May, short of forecast
(DBN)

____________

PIIGS:

Markets worry as Italian banks face the perfect storm Are Italian Banks the Next Non-Brexit Related Risk Event? Italy’s Bonds Fall With Its Banking Crisis Back in the Spotlight Should Private Investors Bailout Italian Banks?
(DBN)

____________

Canada:

Shop.ca has filed for bankruptcy in a last-ditch effort to find a buyer
(DBN)

Oil Bust Continues To Take Its Toll On Canadian Economy
(DBN)

Canada 10-Year Yield Tumbles Below 1% on Global Growth Concern
(DBN)

____________

Brazil:

Brazil telecom watchdog seeks administrator for Oi reorganization
(DBN)

Petrobras To Sell “Junk” Oil Fields To Pay Debt
(DBN)

Brazil’s Stocks Lead Global Rout as Investors Flee Risky Assets
(DBN)

____________

Argentina:

Excessive Protection of Labor Interests under Argentine Insolvency Law
(DBN)


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