June 30, 2016

The Daily Bankruptcy News

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Law:

Better Late Than Never: Firm With $1.38M PPP Finally Decides To Raise Associate Salaries Texas Litigation Boutique Lassos Big Raises For Associates Days Go By… And Associates Keep Getting Angrier Biglaw Money Mania: Which Firms Have Raised Salaries? In Before The Wire — Another Firm Raises Salaries ‘The Jig Is Up’ — Opening Up Jones Day’s Black Box
(DBN)

Midlaw Does Not (Usually) Hire Newbie Lawyers
(DBN)

Putting PPP In Historical Perspective
(DBN)

The good and bad of Brexit for lawyers
(DBN)

Celebrity divorce lawyer says hacking fears are partly why her law firm joined Blank Rome
(DBN)

Lawyer Etiquette For LinkedIn Introductions
(DBN)

Big Law is Automating Legal Services!?
(DBN)

Amidst 57% Enrollment Decline At Valparaiso Law School, 10 Tenured Faculty Accept Buyouts And 3 Junior Faculty Will Be Terminated
(DBN)

Stress in Law Part 3: How you can address stress-related issues
(DBN)

Update On Murder-For-Hire Investigation Into Dan Markel's Death: Grand Jury To Reconvene Aug. 4 To Consider Additional Indictments
(DBN)

A Robot that Kills Parking Tickets and its Big Law Friend
(DBN)

Why This Biglaw Associate Wears A Hijab To Work
(DBN)

Will GCs Who Join Law Firms Succeed?
(DBN)

Federal Judge Allows Law Prof's Gender Discrimination And Retaliation Claims Against Law School And Dean In Tenure Denial To Go To Trial
(DBN)

4 Myths About Getting Rid Of Older Attorneys
(DBN)

12 words and phrases you're using at work that make you sound dumb
(DBN)

4 essential body language tips from a world champion public speaker
(DBN)

Texas Court Okay With Homeschooled Children Learning To Pray For Death
(DBN)

Ku Klux Klan dreams of rising again 150 years after founding
(DBN)

As states regulate cash advances to plaintiffs, litigation funders cheer
(DBN)

Prosecutor’s appearance on ‘Nancy Grace’ spurs bar complaint by a defense lawyer
(DBN)

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Judges:

Savannah bankruptcy judge Davis to step down after 30 years
(DBN)

Supreme Court Term Disappoints Conservatives, Business
(DBN)

Former TV judge can’t practice law in Tennessee due to disability
(DBN)

Appeals Court Raps Judge Who Tossed Suit on Basis of Newspaper Article
(DBN)

Nine Takeaways From the US Supreme Court's Latest Term
(DBN)

Why study the Constitution? It’s old and doesn’t address current concerns, Posner says
(DBN)

The Mau-Mauing of Justice Kennedy
(DBN)

Justice Kennedy Turns Into a Liberal
(DBN)

Supreme Court Justice Anthony Kennedy's Impenetrable Mind, Leftward Shift, and Latest Blockbuster of a Term
(DBN)

The judge who sentenced the ex-Stanford swimmer to 6 months in jail is expected to give a Latino man 3 years in prison for a similar crime
(DBN)

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Wall Street:

US stock futures nudge up as oil pulls back from rally
(DBN)

U.S. Stocks Rally Along With Global Markets as Brexit Worries Ease Dow industrials are just about 320 points shy of pre-Brexit close
(DBN)

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Layoffs:

Ingram Micro Cuts Almost 1,000 Jobs in Texas
(DBN)

Seagate layoffs: 1,600 job cuts
(DBN)

Canadian Pacific Railway to Lay Off 500 Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Copper River, rivals seek assets after Great Pacific bankruptcy
(DBN)

This sandwich shop came back from the brink of bankruptcy to become the fastest-growing chain in the US
(DBN)

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Education:

Higher Ed Law Firm Takes on Bankruptcy Trustees in Tuition Battles
(DBN)

Plagiarized Lessons and Deceptive Tactics: A Look Inside the Trump Institute
(DBN)

Report: Nearly 1 in 10 2-Year Students Can't Get Federal Loans
(DBN)

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Celebs:

Ex-Billionaire Wyly’s Dallas Mansion Slipping Away in Court
(DBN)

'RHONJ' star Jacqueline Laurita saves Franklin Lakes home from foreclosure
(DBN)

Jamie Oliver suffers another setback after company behind his Australian restaurants collapses
(DBN)

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Politics:

GOP donor Paul Singer says Trump would cause a depression Trump Offers Magic, Not Answers, in Rust Belt Donald Trump gives bizarre response to how he'll court female voters Trump's swing-state disaster Voters were asked which words describe Donald Trump, and the results were brutal After the Istanbul attack, Trump calls for the US to bring back waterboarding Mitch McConnell: Donald Trump a ‘Great Entertainer’ but Not Yet ‘Credible Candidate’ Unthinkability Bias Five Takeaways From Donald Trump’s Trade Speech Donald Trump Hardly the Only GOP ‘Heretic’ on Trade Donald Trump’s trade policy would screw the world’s poorest people Donald Trump’s Tweets Are Getting More Polished Just Another Sinner, Born Again Trump’s new strategy: label Clinton a Republican Trump loves Sen. Jeff Sessions, but he once loved his opponent, too Trump Has Changed the Future for the Right Yes, Trump's Flip-Flops Are Taking a Toll
(DBN)

Nate Silver: Hillary Clinton has a near 80% chance of winning the election Clinton aide: Clinton opposed private emails accessible to 'anybody' The Illegal Contributions to Pro-Clinton PAC
(DBN)

Voters Are Divided Over Hillary Clinton and Donald Trump Clinton posts 11 point poll lead over Trump
(DBN)

Bernie Sanders' real campaign is just getting started
(DBN)

Why is politics filled with so many pants-on-fire lies these days?
(DBN)

Elizabeth Warren just equated Trump to the Death Eaters Elizabeth Warren Wants to Be a Defense Against the Dark Arts Teacher Elizabeth Warren on ‘The View’: Donald Trump Can’t ‘Bully Me Into Shutting Up’ In Donald Trump Vs. Elizabeth Warren , It's Advantage Warren A DNA Test Won’t Explain Elizabeth Warren’s Ancestry Elizabeth Warren Most Likely VP Pick to Get Dems to Pony Up for Clinton Two Women, Too Soon?
(DBN)

Obama unloads in an extended rant about Trump
(DBN)

Why the New Nationalists Are Taking Over
(DBN)

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Gambling:

Caesars: Talks with First-Lien Noteholders on Restructuring Agreement are ‘Ongoing’
(DBN)

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Fraud:

Trump Institute offered get-rich schemes using others’ ideas
(DBN)

Government Cries Foul Over Alleged Ponzi Mastermind's Recently Discovered "Handwritten Notebooks"
(DBN)

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Economy:

Consumers bailing out U.S. economy — again Chart
(DBN)

CBO: The 2016 Budget Outlook
(DBN)

The surprising truth about American manufacturing
(DBN)

Elizabeth Warren Says Competition ‘Dying,’ More Merger Scrutiny Needed Warren: Companies like Apple 'snuff out competition' and that 'threatens our democracy'
(DBN)

What Really Drives Anti-Immigration Feelings
(DBN)

The world's 25 most fragile states
(DBN)

Nearly a decade later, low interest rates could actually start helping the US economy
(DBN)

Brexit Will Put the U.S. Back Atop the World GDP Rankings
(DBN)

The mysterious mortality of white Americans isn’t about men—or wages
(DBN)

House bill would prevent minor league baseball players from getting minimum wage and overtime
(DBN)

This central bank could be the first to adopt 'helicopter money' policy
(DBN)

The 19 countries with the highest standard of life Economic wealth does not guarantee the best quality of life
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

How To Compel Surrender Of Real Property In Bankruptcy
(DBN)

Pending Home Sales Slip in May NAR: Pending Home Sales Index decreased 3.7% in May, down 0.2% year-over-year
(DBN)

Appraisal volume remains stubborn despite low interest rates
(DBN)

Freddie Mac: Mortgage Serious Delinquency rates declined in May
(DBN)

New York and Florida Courts Enforce E-Notes
(DBN)

Ohio signs fast-track foreclosure law
(DBN)

Today’s Renters Really Are Worse Off Than Their Parents Rental prices keep climbing, but relief is ahead
(DBN)

Ex-Monarch Mortgage CEO opts for jury trial in bankruptcy fraud case
(DBN)

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Municipalities:

Puerto Rico will default on Friday Puerto Rico Says It Will Default Even With Congressional Aid
(DBN)

Senate passes Puerto Rico financial rescue bill Obama vows to move quickly to sign Puerto Rico bill Senate Passes Bill To Help Puerto Rico Restructure Debt Puerto Rico Debt Relief Bill Explained: How It Happened And What’s Next Congress Gives Puerto Rico a Path Forward as Debt Default Nears
(DBN)

A Vote to Save Puerto Rico From Default
(DBN)

Vulnerable GOP senators split on Puerto Rico bill
(DBN)

Puerto Rico’s Economic Crisis in Five Charts
(DBN)

A look at the rescue package for Puerto Rico
(DBN)

"A Dark Day for the People of Puerto Rico": U.S. Senate Moves to OK "Colonial Control Board"
(DBN)

PROMESA's Shortsighted Reaction to Puerto Rico's Woes
(DBN)

Congress edges closer to passing Puerto Rico rescue package
(DBN)

Puerto Rico financial rescue package wins Senate test vote
(DBN)

Puerto Rico’s Drastic Population Loss Deepens Its Economic Crisis
(DBN)

PROMESA—Energy in Puerto Rico amidst the Debt Crisis
(DBN)

New Jersey senator protests Puerto Rico bill on Senate floor
(DBN)

San Bernardino city to turn over fire protection to county
(DBN)

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Oil/Gas:

The Rule Against Perpetuities May Be Forgotten, But It Should Not Be Ignored—It May Still Affect the Validity of Your Deal
(DBN)

Crude Prices Rise on Norway Strike Threat, Drop in U.S. Oil Stockpiles US oil ends 4.2 pct higher, at $49.88, on large crude drawdown Oil is having its best quarter since the financial crisis
(DBN)

Energy companies still taking a beating, but bottom is in sight
(DBN)

Oil industry execs feeling more optimistic, Fed survey shows
(DBN)

How Brexit could still spook the oil market
(DBN)

Tuscany Announces Receipt of Repayment Demand and Appointment of Receiver
(DBN)

Triangle Petroleum Continues To Evaluate Options; USA Unit Starts Restructuring In DE BK Triangle USA Petroleum Corporation Commences Restructuring With Strong Support From Majority of Noteholders
(DBN)

Oil giant CNPC seals plan to restructure oilfield services
(DBN)

OPEC Needs 650,000 bpd To Avoid Global Supply Deficit
(DBN)

Oil price rise lightens mood of Texas oil industry
(DBN)

____________

Tech:

Advanced Micro Devices - Bankruptcy Or A Turnaround?
(DBN)

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Sporting Goods:

AstroTurf Files for Bankruptcy Protection AstroTurf files for bankruptcy , plans sale after losing patent battle
(DBN)

Berkshire Hathaway unit to buy 94Fifty smart basketball assets out of bankruptcy
(DBN)

____________

Religion:

Court confirms Gallup diocese's bankruptcy plan
(DBN)

____________

Distressed Investing:

Hedge funds seek long term money for distressed debt wagers
(DBN)

____________

Consultants:

In Battle to Reveal McKinsey Clients, Discretion Carries the Day
(DBN)

____________

Radio:

Bankruptcy static grows at cash-strapped iHeartMedia
(DBN)

____________

Movies:

Indie Film Company Alchemy Poised to File for Bankruptcy
(DBN)

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Auto Racing:

Boston Grand Prix may have to file for bankruptcy
(DBN)

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Banking:

The Best Bank in Every Region of the US
(DBN)

____________

Defaults:

S&P: 37 Corporate Defaults in 2016’s First Quarter. That’s the most since 2009
(DBN)

____________

Autos:

How to Cash in on VW's Dirty Diesel Settlement
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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TBTF:

GE Capital Sheds ‘Systemically Important’ Label After GE ruling, here are the too-big-to-fail banks and financial firms GE’s $180 Billion Slim-Down GE Capital CEO Sherin on Shedding Too-Big-to-Fail Label What GE Capital’s Great Escape Says About Too Big To Fail What No Longer Being Too-Big-to-Fail Means for GE Capital
(DBN)

Fed Stress Tests Clear 31 of 33 Big U.S. Banks for Capital Returns
(DBN)

Deutsche, Santander Banks Fail Stress Test
(DBN)

Morgan Stanley Must Resubmit Capital Plan in Fed Stress Test
(DBN)

Big banks dial up buybacks and dividends after stress-testing win
(DBN)

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Avoidance Actions:

Safe Harbor Defense Bars Creditors' State Law Fraudulent Transfer Claims
(DBN)

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Structured Dismissal:

SCOTUS Grants Cert in Jevic
(DBN)

____________

Plan Confirmation:

Plan Voting: Insiders – Do You Know One When You See One?
(DBN)

____________

Make-Whole:

Make-Whole Update: Delaware Bankruptcy Court Rules Intercreditor Agreement Does Not Permit First Lien Noteholders to Demand Payment of Previously Disallowed Make-Whole from Junior Noteholders
(DBN)

____________

Settlements:

Bankruptcy Settlements may not have to Comply with the Absolute Priority Rule? Not so fast…
(DBN)

Denial of Settlement Is Not Final and Not Appealable, Sixth Circuit Holds
(DBN)

____________

Mediation:

Accountability / Forgiveness / Reconciliation v. A Mediation No-Show
(DBN)

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Sales:

Bankruptcy: An unruly beast dressed in extra-large overalls
(DBN)

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Inquiry Notice:

Banks Forfeit Pledged Collateral Due To Their Failure To Investigate Warning Signs Of Borrower's Misconduct
(DBN)

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Retailing:

Attorneys, Court Expedite Bankruptcy of Women's Retailer
(DBN)

Forever 21 sales decline drastically
(DBN)

____________

Student Debt:

Law Students May Use Department Of Education's New Fraud Defense To Loan Repayment Aimed At For-Profit Colleges To Discharge Law School Loans
(DBN)

Student Loan Debt Has Ripple Effect for Borrowers Across Income Levels
(DBN)

Department of Education forgiving $171 million in debt owed by students of a bankrupt for-profit college
(DBN)

Who Got Rich Off The Student Debt Crisis
(DBN)

____________

Consumer Finance:

US Supreme Court to weigh Miami predatory lending lawsuit
(DBN)

____________

Alternative Energy:

Brookfield Emerging as ‘White Knight’ for SunEdison’s TerraForm
(DBN)

____________

Sovereigns:

Do Sovereign Credit Downgrades Tell Us Very Much? Surprisingly Not
(DBN)

____________

UK:

Radical insolvency review could ensure more retailer rescues
(DBN)

There isn't going to be a 'Brapocalypse'
(DBN)

JPMorgan and UBS both think London will lose its crown as the financial centre of Europe
(DBN)

Corporations Threaten to Take Jobs Out of UK
(DBN)

This country is going to get hit by Brexit before the UK
(DBN)

Brexit tragedy no longer looks like 'fait accompli': Soros
(DBN)

The FTSE 100 just erased all of its post-Brexit losses
(DBN)

The elite used hate, fear, and anxiety to trick ordinary Brits into voting for Brexit
(DBN)

London’s financial industry relies on foreigners, which is a big problem after Brexit
(DBN)

UK police say hate crime reports are up 57 percent after Brexit vote
(DBN)

In the Brexit void, the chances of a sharp downturn gain momentum
(DBN)

Goldman Sachs Bankers Face Criticism Over BHS Deal Goldman Sachs bankers 'absolutely do not accept blame' for BHS collapse Imagined Memo Goldmans Sherwood Might Have Sent to Philip Green Philip Green's family accused of 'nicking money' from BHS Sir Philip Green 'couldn't quite let go' of BHS The £1 buyer of BHS started out as the driver for the original bidder
(DBN)

____________

PIIGS:

Marinopoulos employees and suppliers concerned over bankruptcy
(DBN)

Italy’s Longshot Bank-Bailout Bid Last Chance to Stop Crisis
(DBN)

____________

Canada:

Personal insolvency rate spikes almost 53% in Alberta
(DBN)

One of Canada's biggest housing markets is in an 'outright bubble'
(DBN)

Hamachi group of restaurants file for bankruptcy
(DBN)

____________

Germany:

German Deutsche Bank faced threat of bankruptcy Deutsche Bank poses greatest risk to system: IMF
(DBN)

____________

Brazil:

Brazil Court Accepts Telecom Oi Request for Bankruptcy Protection
(DBN)

Brazilian bankruptcies create opportunities for debt investors
(DBN)

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