November 21, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Let’s Get This Party Started, Biglaw!
(DBN)

'Cravath pay scale' blamed for strain on law firm profitability
(DBN)

Where Do Lawyers Fall In The Top Income Brackets?
(DBN)

Fox Rothschild Adds Bankruptcy Pro From Riker Danzig
(DBN)

These Horror Stories Show That Some Law Firms Still Don't Get Client Service
(DBN)

In-House Lawyers Want New Tech but Can't Get the Funding, Report Finds
(DBN)

Sources Say Shannon Gracey to Close By Year's End
(DBN)

Report: The Future of Legal Services in the United States
(DBN)

For-profit Concord School of Law seeks more state bar exam opportunities for its grads
(DBN)

Court of Appeal upholds injunction stopping Dechert from acting for two parties to bankruptcy case
(DBN)

Is It Time to Liberalize Attorney Advertising? One In-House Lawyer Says Yes
(DBN)

Famed attorney David Boies severs legal ties with Theranos
(DBN)

Lawyers and Robots Working in Tandem: The Lawyers Applying AI Today
(DBN)

Trump Picks Sessions as U.S. Attorney General The Quotable Jeff Sessions: Supreme Court Edition Law Firms That Could Be Big Winners in a Sessions DOJ Conservatives' Concerns Over Sessions as AG Will Jeff Sessions Roll Back Civil-Rights Protections? Trump’s choice for attorney general has done some really awful things to try to set back women’s rights How thoroughly could Jeff Sessions transform the Department of Justice? DOJ Attorney Who Accused Jeff Sessions of Racial Remarks Was Later Indicted Jeff Sessions as Attorney General: An Insult to Justice A Primer on Sen. Jeff Sessions, Trump’s Pick for Attorney General
(DBN)

Trump Taps Kirkland, Jones Day Lawyers to Lead DOJ Transition
(DBN)

Law Profs Weigh In On The Hamilton/Pence/Trump Controversy
(DBN)

Reinventing Professionals: What are the benefits of a virtual browser system?
(DBN)

Experts Agree It Would Be Illegal For Jared Kushner to Get White House Job Trump's appointment of son-in-law could rest on Clinton precedent
(DBN)

Don’t Get Stuck In Your Processes
(DBN)

What's Driving Legal Tech Outsourcing?
(DBN)

Nine Month Suspension For T------- With Babysitter
(DBN)

Pedestrian Struck Down By Flying Deer
(DBN)

Jodi Arias’ Lawyer to be Suspended Four Years for Publishing Book on Case Publish and Perish: Court-Appointed Lawyer For Arias Suspended For Tell-All Book
(DBN)

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Judges:

Poor Defendants Are ‘Job Security’ For This Texas Magistrate
(DBN)

Ted Cruz for SCOTUS? 'History is Long,' Texas Republican Says
(DBN)

Ted Cruz Issues Judicial Rallying Cry at Conservative Legal Gathering
(DBN)

GOP Threatens Democrats on SCOTUS Picks
(DBN)

Oregon judge is charged with gun violations for allegedly letting felon handle weapons
(DBN)

Judge Tells New Citizens They Should Leave U.S. If They Don’t Like Trump
(DBN)

Supreme Court wannabes audition in Scalia's shadow
(DBN)

Obama-Era Court Fights Become Mission Impossible After Trump Win
(DBN)

Do Democrats regret the 'nuclear option' now that Trump will be president?
(DBN)

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Wall Street:

Stocks set to struggle for direction in a holiday-shortened week
(DBN)

U.S. stocks lower at close of trade
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Feds Slam Wells Fargo with Tighter Restrictions OCC slaps serious sanctions on Wells Fargo as fake account fallout continues
(DBN)

Big banks are more excited about Donald Trump than any other president in almost 100 years
(DBN)

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Fraud:

Trump U Settlement: A Stunning Reversal Trump: I Would Have Won Trump U Lawsuit Trump University $25 million settlement: Why Trump didn't fight
(DBN)

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Retailing:

Black Friday is dying a slow death
(DBN)

Abercrombie Off the Mark as Turnaround Efforts Sputter
(DBN)

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Rail:

Complaint Alleges Vertex CEO Unlawfully Transferred Assets From Former Company
(DBN)

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Retailing:

Retailer Limited Stores Hires Financial Adviser to Help Explore Possible Sale
(DBN)

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Apparel:

Trump Supporters Are Celebrating An American Manufacturer Going Bankrupt
(DBN)

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Distressed Investing:

23rd Annual Distressed Investing Conference Program & Faculty
(DBN)

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Student Debt:

Here’s everything we know about Trump’s student debt plans
(DBN)

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Turnarounds:

Mackinac Partners Expands East Coast Practice, Adds Senior Restructuring Executive
(DBN)

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Defaults:

Global corporate defaults year to date reach highest level since 2009
(DBN)

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Autos:

Auto parts maker Transtar files for Chapter 11 bankruptcy Auto Part Maker Transtar Files for Bankruptcy With 'Prepackaged' Plan Prepack Plan Disclosure Statement First Day Dec
(DBN)

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Tax:

IRS Requests Bitcoin Buyer Records in Broad Tax Evasion Case
(DBN)

IRS Can Sometimes Collect Corporate Tax From Former Shareholders
(DBN)

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Shipping:

The Shipping Rally Is Over
(DBN)

Hanjin Shipping rehab plan deadline date extended to Feb 2017
(DBN)

HMM denies 2M partnership failure
(DBN)

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Travel:

United's 'carry-on baggage ban' had a nasty side effect that other airlines can learn from
(DBN)

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Hockey:

Las Vegas expansion underscores grim reality for the NHL: Some of its teams just can’t draw fans
(DBN)

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Education:

With Trump, Investors See Profits Again in For-Profit Colleges
(DBN)

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Food/Beverage:

Trustee sues to recoup thousands paid to 80-year-old Dahl's retiree
(DBN)

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Economy:

Fed promises to hold Trump to his word about protecting the central bank's independence
(DBN)

The Next Financial Crisis is on the Way
(DBN)

Donald Trump Treasury Choices Likely Narrowed to Two
(DBN)

Some Early Thoughts on the Impact of the Trump Economic Policies
(DBN)

State Unemployment Rate: Comparing Current Rate vs. Max for 2007 Recession
(DBN)

BLS: Unemployment Rates Lower in 7 states, Stable in 41 states in October
(DBN)

Nowcast: 2.4% for 2016:Q4 - 0.8 percentage point higher than two weeks ago
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Expanded Slightly" in November
(DBN)

China Warns Trump on Trade
(DBN)

Why Trump Should Love Financial Crises
(DBN)

Trump Brings in Wall Street Veterans to Talk Top Treasury Post
(DBN)

There are Still Good Blue Collar Jobs in US
(DBN)

Trump challenge: Get businesses to invest again
(DBN)

Donald Trump faces risks and obstacles if he tries to exit or renegotiate NAFTA
(DBN)

Inside Donald Trump's Economic Team, Two Very Different Views
(DBN)

After Years of Turmoil, Republican Tax Overhaul Picks Up Speed Trump may usher in 'most consequential' tax policy year since WWII, ex-Romney advisor says
(DBN)

States with Rising Unemployment Went Overwhelmingly for Donald Trump
(DBN)

What Will Donald Trump Do on Economic Policy? Here's a Top Adviser's View
(DBN)

Ford's Change on Kentucky Plant Is an Olive Branch to Donald Trump Administration
(DBN)

Trump Victory Sparks Hedge-Fund Bonanza
(DBN)

Bannon: With negative interest rates around world, ‘rebuild everything’
(DBN)

A Trump trade war? Why Goldman thinks investors shouldn’t believe the hype
(DBN)

Here are Goldman’s 2017 forecasts for stocks, oil and more — in one chart
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage "Rates Rip to Highest Levels Since July 2015"
(DBN)

Photos: America's Abandoned Malls
(DBN)

Stealing Home: Braves and Eminent Domain
(DBN)

5 big real-estate trends to watch in 2017
(DBN)

How Trump’s election influences New York real estate
(DBN)

Sacramento Housing in October: Sales up 4%, Active Inventory down 7.6% YoY
(DBN)

ResCap Liquidating Trust Appoints Chief Counsel, John J. Ray III, as Liquidating Trust Manager
(DBN)

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Municipalities:

Dallas Stares Down a Texas-Size Threat of Bankruptcy
(DBN)

What Happens to Atlantic City?
(DBN)

Here's what Trump's victory means for municipal bonds
(DBN)

How Puerto Rico's sinking economy is crushing the American dream
(DBN)

Puerto Rico oversight board hopes to certify fiscal plan by end-Jan
(DBN)

Puerto Rican Debt Investors Might Take 50% Haircut
(DBN)

Why Puerto Rico's Debt Crisis Could Get Even Worse
(DBN)

Fight Over Puerto Rico Debt Heats Up as Creditors Fire Back
(DBN)

Puerto Rico Board Warns Deep Debt Cuts Needed to Steady Island
(DBN)

Puerto Rico PROMESA Law Keeps Investors’ Lawsuits on Hold
(DBN)

Hartford will never reform without pain of bankruptcy
(DBN)

The Other Financial Mess in Public-Employee Benefits
(DBN)

Detroit Residents With Terminated Water Service Out of Luck
(DBN)

State says literacy not a right in Detroit
(DBN)

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Oil/Gas:

US Oil Defaults Up Despite Stable Oil Price
(DBN)

US crude settles up 27 cents at $45.69, scores first weekly gain in four weeks Oil rallies on OPEC deal hopes, Putin comments Oil price makes big move as Putin backs OPEC supply freeze deal
(DBN)

Trump’s Saudi Oil Threat Is A Hollow One
(DBN)

Will We Ever See $100 Oil Again?
(DBN)

Iran: Oil May Rise to $55 if All Producers Cooperate
(DBN)

Rig count jumps by 20; largest increase in two years
(DBN)

IEA: The Only Way Is Up For Natural Gas
(DBN)

Where oil -rich Texas sees economic gains
(DBN)

Weatherford Is Insolvent By $4 Billion
(DBN)

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Corporate Reform:

Outgoing SEC Chief Warns that Weakening Securities Rules Would be 'Serious Mistake'
(DBN)

What Will a Trump Presidency Mean for Federal Regulation? It's Complicated
(DBN)

Elizabeth Warren is ready to defend consumer agency
(DBN)

CFPB Requests Rehearing of Case Threatening Agency’s Structure
(DBN)

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Coal:

$100M in ‘unaccounted for’ liabilities put Alpha mine cleanups at risk Reorganized Alpha looks to produce 13 million tons of coal West Virginia Just Sued a Major Coal Company for Fraud DEP claims fraud over ANR's numbers
(DBN)

Colorado coal ’s best hope: stability, not recovery
(DBN)

Can Trump make coal great again? At least some companies think so
(DBN)

A Bleak Outlook for Trump's Promises to Coal Miners
(DBN)

To Save Coal, Trump Has To Raise Your Gas Bill
(DBN)

Coal expected to surpass natural gas as dominant winter fuel source
(DBN)

These Companies Think Donald Trump Can Make Coal Great Again
(DBN)

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Politics:

America Decided at the Last Moment on Trump A scramble to assess the dangers of President-elect Donald Trump’s global business empire Obama Offers Trump Advice on Conflicts of Interest Alt-Right Exults in Washington With a Cry of ‘Heil Victory’ As Trump the politician rises, Trump the real estate brand falls Trump's meeting in India suggests he's keeping up his business ties ‘Litigator-in-chief’: Trump and his litany of lawsuits Trump team promises to address ethics concerns on businesses All the President-Elect's Conflicts of Interest The Trump-Romney Meeting A Checklist for Mitt Romney to Consider Before Signing On as Trump's Secretary of State Donald Trump as active on Twitter as ever, undermining 'restraint' pledge The Trump Family Political Business Untested waters for Trump's children After Trump Win, The Alt-Right Prepares For An Unexpected Future GOP's Things in Common with Trump 40 in GOP That Could Stop Trump Cold Trump's New Policy Stances Since Election 'Hamilton' Cast's Showdown with Trump Hamilton's Message to Pence: Was It Harassment? Mike Pence: I wasn't offended by booing at 'Hamilton' How Did Kushner Get Into Harvard? FactCheck: Already Mr. Trump? The Real Truth of the Obama-Trump Meeting What Trump Voters Want Now Trump praises Chuck Schumer, says his appointment to leadership of Senate Democrats is 'good news' If Steve Bannon is serious, Trump's infrastructure plan is going to be a disaster The Trump voters you don't know 'It is a totally one-sided, biased show': Trump slams 'SNL' on Twitter
(DBN)

Four Million Votes Still Not Counted
(DBN)

NBC News under fire for misleading tweets about Trump chief of staff's answer on Muslim registry
(DBN)

Mexico's president's approval rating tumbles to a new low after Trump's victory
(DBN)

Pence raves over ‘Hamilton,’ calls boos what ‘freedom sounds like’
(DBN)

Obama tells the world: Give Trump time, don't assume the worst Obama says he won't criticize Trump when he becomes president
(DBN)

'First line of defense': Democratic states vow to fight Trump in court
(DBN)

Pence: Waterboarding Won’t Be Ruled Out in Trump Administration John McCain: We Will Not Reinstate Waterboarding McCain: If Trump tries to bring back waterboarding, he'll be in court in a 'New York minute'
(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 (71 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:

Small Business Bankruptcy
(DBN)

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Superpriority:

Bankruptcy Court Allows Creditor's Postpetition Superpriority Claim Priority Over Trustee's Post-Conversion Administrative Expenses
(DBN)

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Make-Whole:

Triumph for Energy Future Noteholders in Third Circuit Make-Whole Decision
(DBN)

Third Circuit Enforces Make-Whole Payment in Energy Future Bankruptcy
(DBN)

Redemption Premiums - They Now Survive a Bankruptcy Filing
(DBN)

Third Circuit Enforces Post-Acceleration Make-Whole Premium
(DBN)

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Hinder, Delay:

Bankruptcy History Creates Inference of Intent to Hinder, Delay
(DBN)

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Plan Confirmation:

Creditor Didn’t Improperly Solicit Votes on Ch. 11 Plan
(DBN)

Skeptical Delaware Judge Refuses to Confirm Reorg Plan
(DBN)

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Consumer Bankruptcy:

Disrupting consumer bankruptcy law practice
(DBN)

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Discovery:

Bankruptcy Powers Do Not Override Congressionally Mandated Internet Confidentiality
(DBN)

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Celebs:

Nick Denton still lives lavish lifestyle despite filing for bankruptcy Can't give up the high life!
(DBN)

Nurse's case stymied by former Heinz CEO's bankruptcy
(DBN)

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Debt Collection:

New York debt collection company co-owner pleads guilty in $31M scheme
(DBN)

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UK:

Celebrities ‘face bankruptcy’ after tax avoidance judgment
(DBN)

Film industry tax avoiders face multi-million pound bill England football managers face huge tax bills over film scheme
(DBN)

Insolvency experts hone in on Aberdeen
(DBN)

BHS's bosses may face clawback
(DBN)

Theresa May wants business to help people 'left behind by the forces of capitalism'
(DBN)

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EU:

Europe’s Top Debt Collector Says $2 Billion Deal Not Enough
(DBN)

Getting closer: Will euro, dollar reach parity?
(DBN)

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PIIGS:

Italy’s Banks Are in a Slow-Motion Crisis. And Europe May Pay Drops for Italian banks pull European stocks into the red
(DBN)

Italy's referendum holds the key to the future of the euro
(DBN)

EU Sees ‘Smooth Sailing’ If Greece Implements Needed Reforms
(DBN)

Greek Government Submits 2017 Budget, Including Many New Taxes PM said to be ready to give in on labor reform to ensure debt relief Gov't spokesman calls on IMF to 'stop sitting on fence'
(DBN)

ie: State to get €275m payout from IBRC
(DBN)

Celebrity chef faces legal action over cloud of debt
(DBN)

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Canada:

Courts give the green light for fraud-based class actions in Canadian insolvency proceedings
(DBN)

EnPro Industries Reaches Settlement Regarding Canadian Asbestos Claims
(DBN)

Canadians are up to their eyeballs in debt
(DBN)

Larry Ellis Honored as a 2016 Lexpert "Rising Star"
(DBN)

Vancouver Is Taxing Owners of Empty Homes
(DBN)

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China:

The China Debt Haven You Didn't Expect
(DBN)

China’s Great Leap Backward
(DBN)

China's Economy: Living on Borrowed Time
(DBN)

Investors Seek To Deploy More In Asia's Distressed Debt Market
(DBN)

How to kill off China's zombie companies
(DBN)

______________

Germany:

John Cryan’s Diligent Search For Fault At Deutsche Bank Still Coming Up ‘Not Ours’
(DBN)

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Venezuela:

An indicator of Venezuela’s potential bankruptcy
(DBN)

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MENA:

Abu Dhabi Stocks Drop Most in Month to Lead Decline Across Gulf
(DBN)

Troubled Saudi builder MMG appeals directly to deputy crown prince
(DBN)

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India:

Kingfisher to be wound up
(DBN)

Bankruptcy Code may help unlock Rs. 25K cr NPAs: Study
(DBN)

Farmers in a quandary as rural banks say no to defunct notes
(DBN)

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South Korea:

South Korean shipyards shed thousands of jobs as orders dive
(DBN)

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Malaysia:

Malaysia - Changes To Bankruptcy Act – Easier To Get Out Of Bankruptcy?
(DBN)

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Singapore:

Singapore Unveils Major Debt Restructuring Law Reforms.
(DBN)

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Russia:

Russian Coal Fights For Survival
(DBN)

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Mongolia:

Mongolia Rating Cut as Moody’s Expects Elevated Debt Burden
(DBN)

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Copyright 2016