May 5, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Grads Still Face a Tough Job Market
(DBN)

Law Schools And The Cynicism Of Disappearing Jobs
(DBN)

Kirkland & Ellis, the Feel-Good Law Firm?
(DBN)

Two More Energy Companies Tap Kirkland for Bankruptcy Work
(DBN)

Which Big Law Legend Does Trump Most Closely Resemble?
(DBN)

Prominent Harvard Law professor explains why he 'respects' Yale's decision to keep the name of a slave owner on one of its 12 colleges
(DBN)

ASSLaw President Struggles To Defend Name Change
(DBN)

Law School Deans Fight Back Against The Tyranny Of The LSAT
(DBN)

Ralph Baxter, Former Biglaw CEO And Current Innovation Titan
(DBN)

What Kind Of In-House Fixer Upper Are You?
(DBN)

Musical Chairs: Leading Litigator David Bernick Leaves Dechert To Join Paul, Weiss
(DBN)

One Dinosaur’s Point Of View On Millennials
(DBN)

5 Ways to Improve Big Law’s Diversity Problem
(DBN)

Networking When You Hate People
(DBN)

A psychological trick to get anyone to like you
(DBN)

The rules of what to wear to work have changed — here's what they are now
(DBN)

The perfect way to start an email — and 18 greetings you should usually avoid
(DBN)

19 types of coworkers you absolutely can't stand
(DBN)

The 6 best smartphone cameras in the world
(DBN)

Justice Department drops hammer on North Carolina over ‘bathroom law' North Carolina's Civil Rights Act Violation
(DBN)

FBI arrests man who poured mouse poison on Whole Foods' buffets
(DBN)

Man Sues Bosses Because He Was Bored at Work
(DBN)

Vegetarian lawyer starts farm animal rescue
(DBN)

Top Boies Schiller litigator sues his mother for defamation
(DBN)

Is cellphone given by Aaron Hernandez to his lawyers privileged? Top state court is dubious
(DBN)

Lawyer That Might Take Down Led Zeppelin
(DBN)

Ellen Pao's next act targets Silicon Valley's 'bro' problem
(DBN)

Texas Teachers and Police Launch Absurd Investigation After Eighth Grader Attempted To Pay for Lunch With $2 Bill
(DBN)

Modern Life Intrudes On Constitutional Law
(DBN)

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Judges:

Why some conservatives have changed their tune on Merrick Garland Some conservatives are starting to realize blocking Merrick Garland is a big mistake
(DBN)

Did Republicans Waive Their Right to Confirm Garland?
(DBN)

Imagining Merrick Garland's Confirmation Hearing
(DBN)

Roberts says it’s not difficult being down one Justice, but some are dubious
(DBN)

Federal judge who drank Flint water steps aside in case over replacing city’s lead water pipes
(DBN)

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Wall Street:

U.S. stocks poised for first gain in three days on higher oil prices
(DBN)

The Supreme Court Fight Ramps Up in Battleground States
(DBN)

Stocks Slide: Here's what you need to know
(DBN)

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Layoffs:

Credit Suisse is cutting trading jobs right now Credit Suisse Said to Cut 180 London Jobs, Mostly in Trading
(DBN)

Rich and Powerful's Warning: Robots Are Coming for Your Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Aeropostale to close 113 U.S. stores in bankruptcy move Will your Aeropostale close? Here's the list
(DBN)

$160M DIP
(DBN)

Aéropostale Lashes Out at Lender After Filing for Bankruptcy
(DBN)

Aéropostale: marriage of inconvenience
(DBN)

It's not easy being a teen clothing retailer
(DBN)

4 reasons why Aeropostale lost its cool with shoppers
(DBN)

Aeropostale is bankrupt. Here's why that doesn't bother mall owners
(DBN)

This Is Why No One Should Bail Out The 'Smart Money' Stuck In Brick-And-Mortar Retailers: Let Them Shed Their Own Tears
(DBN)

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Autos:

Takata's Shares Take Fright While Bonds Take It Easy
(DBN)

Air bag inflator recall to grow by 35 million to 40 million Feds: Why Takata Inflators Fail Takata’s Future in Doubt
(DBN)

Tesla 1st Quarter Net Loss Widens Over Model X Woes Tesla Manages to Lose $19,059 Per Car Tesla Stock Surges on Q1 Losses
(DBN)

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Lehman:

Lehman Brothers lives on
(DBN)

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Aviation:

Pilots union dispute heats up with potential strike vote against cargo lines
(DBN)

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Shipping:

3 bankrupt shipyards seek capital (China)
(DBN)

Shippers Feeling Railroaded With Prices Up Even as Freight Falls
(DBN)

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Telecoms:

This big Louisville telecom company just filed Chapter 11
(DBN)

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Politics:

The general election has begun: Now it gets really negative
(DBN)

'Elizabeth Warren is really smart': Hillary Clinton backs senator who called out Donald Trump for his 'racism, sexism, and xenophobia'
(DBN)

The Four Horsemen of the Republican Apocalypse
(DBN)

Nate Silver: 'We basically got the Republican race wrong'
(DBN)

The Republican Blame Game Begins
(DBN)

Trump: My First 100 Days How Trump Rose to Power Trump just dropped more hints about a possible running mate How Trump Won—and How the GOP Let Him Jeff Gundlach Says Prepare for Debt-Fueled Trump Presidency Donald Trump: I'd be interested in vetting John Kasich for VP Fall Election Looks Tough for Trump What Trump Has to Overcome to Beat Clinton Donald Trump is already trailing Hillary Clinton by a huge margin Indiana Trump Donald Trump is the inevitable backlash to a too-strong Republican Party Why Donald Trump's odds in November may be better than expected Supporting Donald Trump Is the Worst Thing the GOP Could Do The Day the Republican Party Died How Donald Trump Speaks to—and About—Minorities Trump Is on Track to Be the Next McGovern Trump debuts coal attacks on Clinton Lott: Trump Sucked All Oxygen Out of the GOP
(DBN)

Clinton might lose to average Republican. But to Trump? It's time for Democrats to get more worried about Candidate Trump Brutal Hillary Clinton montage scorches Donald Trump using GOP rivals' words against him Independents Are Souring on Hillary Clinton Hacker Guccifer Claims He Broke Into Hillary Clinton's Email Server Judge in Emails Case Says He May Order Hillary Clinton to Testify
(DBN)

Bernie Sanders says superdelegates are unfair. True? Should Bernie Sanders leave the race? New poll points to 'stay'
(DBN)

Kasich bows out of race. Did he do 'the right thing?' John Kasich is dropping out What Donald Trump Said The Moment He Learned John Kasich Dropped Out
(DBN)

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Newspapers:

Tribune Publishing has thrown out Gannett's offer to buy it
(DBN)

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Student Debt:

Vermont House Asks Congress To Let Students File For Bankruptcy
(DBN)

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Fraud:

What will happen when everyone in the Panama Papers is revealed next week
(DBN)

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Banking:

The Book That Will Save Banking From Itself
(DBN)

____________

Steel:

Steel Regains Appeal as Junk-Rated Issuers Return to Debt Market
(DBN)

____________

Economy:

U.S. productivity drops 1% in first quarter
(DBN)

ISM Non-Manufacturing Index increased to 55.7% in April US services sector expands strongly as orders, employment rise
(DBN)

Survey: Consumers Increase Personal Savings, But Credit Card Balances Remain
(DBN)

Trade Deficit decreased in March to $40.4 Billion
(DBN)

ADP: Private Employment increased 156,000 in April Private Sector Job Growth stumbles - Slowest in 3 Yrs
(DBN)

Healthy job gains expected despite weak report
(DBN)

Preview of April Employment Report
(DBN)

Gundlach takes a hatchet to the Fed
(DBN)

Bill Gross: Fed should 'drop the money from helicopters'
(DBN)

Stanley Druckenmiller thinks the world is heading for a debt-fueled disaster
(DBN)

Millennials, minorities crushed by overdraft fees
(DBN)

Warren Buffett: I might consider taking money out of banks if they charge for deposits
(DBN)

The 'New Normal': Number Of Americans Renouncing Their U.S. Citizenship Continues To Set Records
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Reverse Mortgage May Be Modified In Ch. 13
(DBN)

7th Circuit Disrupts Commercial Certainty in Lease Terminations; Landlords, We Hate That You Have to Read this Blog Post
(DBN)

There's a big shift taking place in the housing market
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate decreased in March, Lowest since Aug 2008
(DBN)

Mortgage Refis Down, Purchases Flat
(DBN)

George Will takes on #FannieGate, says GSEs 'should never have existed'
(DBN)

PHH sinks as low interest rates destroy mortgage servicing
(DBN)

Why are major housing markets going haywire?
(DBN)

Ringleader of 'largest mortgage modification scheme ever charged' found guilty
(DBN)

____________

Municipalities:

Puerto Rico Plays Brinkmanship with Historic Debt Default
(DBN)

Puerto Rico Debt Measure Pressed by Democrats, Citing Zika House Democrats: No healthcare cuts for Puerto Rico
(DBN)

Puerto Rico Debt Crisis Explained: 5 Things To Know About The Default And Congress
(DBN)

US Muni Funds Jolted By Puerto Rico’s Debt Crisis
(DBN)

Puerto Rico's Distress
(DBN)

Treasury Sec. Warns Inaction on Puerto Rico Could Cost Taxpayers
(DBN)

Puerto Rico bargains after default
(DBN)

How Argentina’s Debt Resolution Process is a Model for Addressing Puerto Rico’s Debt Issues In Puerto Rico’s Debt Crisis, Shades of Argentina
(DBN)

MBIA hasn’t chalked up losses on Puerto Rico ... yet
(DBN)

Stop stalling on help for Puerto Rico
(DBN)

Puerto Rico’s $70 Billion Crisis Just Might Be Catastrophic
(DBN)

East Cleveland wants to file for bankruptcy
(DBN)

Gov. Rauner and state agencies sued for breach of contract
(DBN)

4 highlights of the controversial Detroit schools rescue package Detroit schools back in session after promise teachers will be paid 'Our children are in jeopardy': Detroit schools open, but is it too late? Detroit schools screw teachers, students: Massive debt, phony budgeting
(DBN)

Obama Drinks Filtered Flint Tap Water to Show It’s Safe Obama may be in Flint, but Congress still hasn't done anything to help lead-contaminated cities
(DBN)

Newark Public Schools lead poisoning: Officials were just hit with lawsuit claiming they 'poisoned' thousands of students
(DBN)

Michigan's Snyder under siege over racial impact of distressed municipality strategy
(DBN)

Why Michigan has been lurching from crisis to crisis
(DBN)

Hillary Clinton: Preserving a legacy of collapse in Detroit
(DBN)

Sweeney: Atlantic City may be days away from bankruptcy
(DBN)

Atlantic City Cut Deeper Into Junk by S&P Expecting Default
(DBN)

Atlantic City bankruptcy is ‘a virtual certainty,’ analyst says
(DBN)

As Atlantic City goes broke, pols bicker over aid plans
(DBN)

____________

Gambling:

Caesars Won't Get Lawsuit Shield
(DBN)

____________

Derivatives:

Regulators Want to Slow Runs on Derivatives
(DBN)

____________

Alternative Energy:

SunEdison ‘went bonkers on the acquisition front’
(DBN)

SunEdison is Not Solyndra: Why 2016 Looks So Different from 2011
(DBN)

How SunEdison went from Wall Street star to bankruptcy
(DBN)

SunEdison bankruptcy : Is India’s sunrise sector staring at another Enron?
(DBN)

____________

Electricity:

Here’s what the PUC decided about the Hunts’ bid to buy Oncor
(DBN)

____________

Oil/Gas:

U.S. Oil & Gas Bankruptcies at Historic Levels
(DBN)

Oil collapse most brutal in history for drillers, energy researcher says
(DBN)

Thurs.: Oil prices jump as Canadian wildfire threatens output
(DBN)

Deep-water spending down big as wild frontier goes cold
(DBN)

Why oil prices have nowhere left to go but down
(DBN)

Weds.: Crude oil halts 3-day skid, even as supplies grow
(DBN)

OPEC Said to Head to June Talks Without Plan for Supply Cap
(DBN)

Wells Fargo problem loans jump 62 percent, driven by energy
(DBN)

CHC files for bankruptcy Low oil prices force CHC Group into bankruptcy protection Helicopter Operator CHC Group Files for Bankruptcy Protection CHC Group files for Chapter 11 protection in northern district of Texas, Assets $1B - $10B Petition
(DBN)

SandRidge in debt restructuring talks with creditors: sources
(DBN)

Marathon Oil's Revenue Cut in Half, Falls Below $1 Billion
(DBN)

Oil Upheaval Takes a Toll on Cutting Edge Projects
(DBN)

Oil boom towns could be facing real estate busts
(DBN)

Bankruptcies spread through oil patch, more than 175 companies are ‘high risk’
(DBN)

Hercules Offshore - A Perfect Taleb Distribution Upside Down
(DBN)

Noble Energy loss widens as costs rise Noble Energy May Lift US Shale Spend if Oil Breaches $50 Per Barrel
(DBN)

A Canadian Oil Boomtown Flees A Wildfire
(DBN)

____________

Personal Finance:

9 signs you aren't saving enough money
(DBN)

____________

Government Contracts:

DynCorp International unveils plan to restructure $642.3M in debt
(DBN)

____________

Coal:

Dying a coal death: Dynegy latest to go down
(DBN)

Hillary’s Appalachian Trial
(DBN)

Donald Trump Says He'll Bring Back Jobs For Coal Miners
(DBN)

____________

Healthcare:

This is secretly killing 10% of Americans
(DBN)

Humana may exit Obamacare in some states
(DBN)

____________

Ethanol:

Sales are up at Pacific Ethanol, but there's also some bad news
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Total April Commercial Bankruptcy Filings Increase 32 Percent and Commercial Chapter 11s Climb 67 Percent Ch. 11 Filings Increase While Ch. 7, 13 Filings Decrease
(DBN)

AACER: Bankruptcy Filings Reverse Upward Course
(DBN)

BK WD NY: Caseload Data April 2016
(DBN)

______________

Automatic Stay:

U.S. Bankruptcy Court in California Issues Decision on Enforceability of Prepetition Waivers of the Automatic Stay
(DBN)

____________

Discharge:

Is a Pre-Petition Settlement Agreement Providing That a Debt Will Be Non-Dischargeable in Bankruptcy Enforceable?
(DBN)

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Bankruptcy Rules:

Bankruptcy Rule Amendments Approved by High Court
(DBN)

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Miscellaneous:

What Does Chapter 11 Really Cost?
(DBN)

____________

Sales:

Postpetition Sale: What Happens If the Debtor Won’t Perform (Not Much)?
(DBN)

4th Cir. Confirms Sale Orders in Prior Bankruptcy Precluded Debtor’s Later Claims
(DBN)

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Reopening:

Southern District of New York Reopens Atari’s Bankruptcy Cases
(DBN)

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Claims Trading:

Claims Trading Warps the Bankruptcy System Honest Debtors Are Hampered by “Self-Interested Meddlers”
(DBN)

____________

Arbitration:

Consumer watchdog proposes ban on some arbitration clauses CFPB Unveils Proposed Rule to Let Consumers Sue Banks, Credit-Card Companies
(DBN)

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Avoidance Actions:

Preference Defendants, Rejoice! Services Billed in a Lump Sum Can Be Allocated Per Diem, for Your New Value Defense
(DBN)

____________

Celebs:

'No One's Been Paid!' Why Teresa's Bankruptcy Trustee Wants Her Money
(DBN)

Rapper 50 Cent publicly mocks autistic teen, then apologizes after outraged reaction
(DBN)

David Cassidy & Sue Shifrin Divorce Finalized Amid Bankruptcy Scandal
(DBN)

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Insurance:

Lawsuit targets feds over failed CoOportunity, Nebraska could owe $40-million
(DBN)

____________

Sovereigns:

The Joker, Lex Luthor & the Argentine Debt Saga
(DBN)

Moody's: Argentina still faces long-term challenges after successful return to bond market
(DBN)

In Town at End of World, Fierce Protests Greet the New Argentina
(DBN)

Brazil and Argentina: A tale of two debt stories
(DBN)

Russia Says Banks Balked at `Easier Deal' Than Argentina's Bonds
(DBN)

____________

UK:

Unreasonable rejection of offer to settle debt before bankruptcy?
(DBN)

Divorce triumphs over bankruptcy
(DBN)

Trustees in bankruptcy and ancillary relief
(DBN)

UK economy 'near stalling' as service sector slows
(DBN)

____________

EU:

Is This the Grand Bargain to Rid Europe of Its Debt Scourge?
(DBN)

Cerberus Sees Five More Years of Soured Loan Disposals in Europe
(DBN)

____________

PIIGS:

Atlas strains to hold up the sky over Italy’s banking sector
(DBN)

Italian Bonds Decline With Stocks as Banking Concerns Build
(DBN)

What happens to a country without a government? Take a look at Spain
(DBN)

Is Greece just weeks away from another debt crisis? Close your eyes, but it won't go away Where are those buckets?
(DBN)

Spain's Abengoa to shed more jobs on top of 10,000 already gone
(DBN)

Italian Government launches new urgent measures aimed at boosting access to financing for Italian businesses and improving bankruptcy and enforcement proceedings in Italy
(DBN)

____________

Canada:

Aeropostale to close all 41 Canadian stores as it seeks bankruptcy
(DBN)

Charges laid in bankruptcy fraud investigation
(DBN)

Ontario Court Refuses to Add Underwriters to Class Action against Bankrupt Issuer
(DBN)

____________

Venezuela:

Venezuela’s socialist haven ends in bankruptcy as oil price falls
(DBN)

____________

Brazil:

Brazil corporate bankruptcy filings double this year, Experian says
(DBN)

Gol Bondholders Said to Hire Houlihan Lokey and Oppose Debt Plan
(DBN)

____________

South Korea:

Corporate restructuring to have little impact on banks: bank association chief
(DBN)

____________

Turkey:

Turkish economy in hard times with bad debt and bankruptcies
(DBN)

____________

MENA:

'Saudi Arabia is economically unsustainable'
(DBN)

Egyptian President Announces That Civil Liberties Are Just A “Western Perspective” That Has No Place In Egypt
(DBN)

____________

Venezuela:

Venezuela 2016 Oil Production Expected to Fall Further
(DBN)

____________

China:

Bankruptcy Reorganization of Listed Companies with Chinese Characteristics
(DBN)

China Steelmaker Defaults on Bonds for Fourth Time in Two Months
(DBN)

China Fertilizer Maker to Default on Bonds Amid Debt Woes
(DBN)

____________

Malaysia:

Malaysia Facing Bankruptcy Due to 1MDB Scandal, Warns Ex-PM
(DBN)

____________

India:

Arun Jaitley: Bankruptcy code to be taken up for discussion today
(DBN)

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