November 29, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Cravath Announces Its 2016 Associate Bonuses! Associate Bonus Watch: The First Cravath Matches Bonus season begins with Cravath announcement Cravath Announces Bonuses After Big Salary Jump Cravath Doesn't Change Bonuses Cravath Kicks Off Associate Bonus Season, Other Firms Follow
(DBN)

National Bankruptcy Conference Elects Two Conferees
(DBN)

What Might a Trump Administration Mean for Bankruptcy Lawyers?
(DBN)

Muslim Lawyers Plan Strategy for a Trump Era
(DBN)

Big Law Leaders Say They're Bullish on 2017
(DBN)

Still No Substitute for Strong Client Relationships
(DBN)

Does Your Firm's Website Repel Women?
(DBN)

The Dan Markel Case: Katherine Magbanua’s Date With Destiny
(DBN)

King & Wood Mallesons global litigation head in talks to join Covington
(DBN)

The Gift Of Doing Meaningful Work
(DBN)

Biglaw Managing Partner Is Fearful After Enduring Hate Speech
(DBN)

The Real Reason Law School Deans Hate U.S. News
(DBN)

New Partners At Paul Hastings: 80 Percent Women
(DBN)

Texas law firm with 80-year history is disbanding
(DBN)

4 Silly Things Clients Say
(DBN)

How lawyers can negotiate for better salaries and positions
(DBN)

Law student barred from class because her skirt would 'distract men'
(DBN)

Under Trump, P3 Practice Growth Expected to Accelerate
(DBN)

3 tie knots that are perfect for the office
(DBN)

Here's the exact email to send to ask anyone for a favor without seeming presumptuous or pushy
(DBN)

Suspected Charleston shooter Dylann Roof will be allowed to represent himself in court
(DBN)

Put Faith in Constitution, Not Democracy
(DBN)

Suspension recommended for lawyer who sought up to $24M in fees, didn’t produce computer
(DBN)

The Texas Law Hawk Saves Santa
(DBN)

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Wall Street:

US stocks on pace for muted open
(DBN)

Stocks fall after record run as consumer companies slip Stocks mixed: S&P down but Dow hits new record high
(DBN)

The Trump rally may be over for now: BlackRock analyst
(DBN)

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Layoffs:

Oil Job Losses Continue but Crisis Could be Reaching 'Turning Point'
(DBN)

Gulf Marine Fabricators sheds 251 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
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Corporate Reform:

Bankers are worried that Trump will scrap Wall Street regulation
(DBN)

How Elizabeth Warren Took Down the CEO of Wells Fargo, And Why It Matters
(DBN)

Elizabeth Warren slams Wells Fargo over arbitration position
(DBN)

The CFPB and Behavioral Economics The CFPB and Consumer Welfare
(DBN)

Donald Trump's Richard Cordray Problem
(DBN)

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Shipping:

Havila avoids bankruptcy in 11th hour reprieve by bondholders Havila Shipping Fends Off Bankruptcy as Bondholders Accept Deal
(DBN)

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Student Debt:

What does Trump's education secretary pick mean for student loan debt? Will Trump be willing to drain the student loan swamp?
(DBN)

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Retailing:

Ex-Best Buy CEO urges big-box chains to make Amazon-type changes or die
(DBN)

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Travel:

Delta bars passenger for life after his expletive-laced, pro-Trump rant on a flight
(DBN)

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Bankruptcy Crimes:

Long Beach man sentenced to 4 years for bankruptcy fraud
(DBN)

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Metals:

Lead Producer, Bondholders Prepare for Courtroom Showdown
(DBN)

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Radio:

IHeart Asks Some Bondholders to Give It Room to Restructure
(DBN)

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Rail:

Brunswick Rail Shareholders Propose New Debt Restructuring Plan
(DBN)

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Hotels:

Hotels: Finishing Year Strong, Could be Best Year on Record
(DBN)

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Pharma:

Another Day, Another Law Suit Against Theranos Murdoch among investors in blood-test start-up Theranos
(DBN)

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Celebs:

Teresa Giudice Bankruptcy Settlement In Jeopardy: RHONJ Star Fears She’s Headed Back To Jail? Bankruptcy Attorney Opposes Settlement With Teresa Giudice
(DBN)

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Healthcare:

Donald Trump selects Obamacare critic Tom Price as health secretary
(DBN)

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Economy:

Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard
(DBN)

The 'final nail in the coffin' may be coming for the Federal Reserve's freedom
(DBN)

Why Donald Trump is going to need Janet Yellen
(DBN)

Can Donald Trump stop jobs going to Mexico? Indiana is a key test case
(DBN)

Dallas Fed: Regional Manufacturing Activity "Continues to Expand" in November
(DBN)

A single chart everybody needs to look at before Trump’s big fight over bringing back American jobs
(DBN)

Bernanke tells Fed officials to clam up
(DBN)

Deal for Carrier to Keep U.S. Plant Open May Hinge on Tax Overhaul Bernie Sanders has an idea to keep Carrier from moving jobs to Mexico
(DBN)

Bond yields have to rise a lot more to price in 'Trumpflation'
(DBN)

WilmerHale Lawyer: Treasury ‘Most Consequential’ Dept. of Trump’s First Year
(DBN)

Krugman: Trump is the 'worst man we could have made president'
(DBN)

Here's how much you need to make to be in the top 1% of every state
(DBN)

Morgan Stanley: These 12 stocks have the most downside
(DBN)

OECD sees resurgent US growth boosting global economy
(DBN)

If NAFTA gets the ax under Trump, American workers and consumers would get hurt too In Texas, Business Owners Hope Donald Trump's NAFTA Rhetoric Is Just Talk
(DBN)

Will we ever be able to retire? Boomers and Gen X-ers are worried.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House Price Index up 0.1% in September, Up 5.4% year-over-year
(DBN)

Black Knight: Mortgage "Foreclosure Starts Hit Lowest Level Since January 2005" in October
(DBN)

It looks like 2017 is going to be a good year for housing
(DBN)

Economist: Housing affordability hits quarter-century best in September
(DBN)

Possible Policy Impacts on Housing
(DBN)

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Municipalities:

Falling Cities and the Red Queen Phenomenon
(DBN)

Moody's: Takeover prevents Atlantic City default through '17
(DBN)

Municipal Borrowing Costs and State Policies for Distressed Municipalities
(DBN)

Fast-growing Dallas flirts with bankruptcy Mayor Rawlings: Pension fund woes won't be solved by selling city assets
(DBN)

Detroit's comeback may be just a mirage
(DBN)

A New American Dream for Detroit
(DBN)

Puerto Rico Power Utility Seeks to Extend Debt-Cutting Deal
(DBN)

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Oil/Gas:

Oil Prices Climb Ahead of Key OPEC Meeting Oil trades above $46 as Iraq pledges to cooperate on output deal Oil Retreats Below $47 Before OPEC Meeting Crude falls 2% as doubts grow OPEC meeting will produce a deal
(DBN)

Oil pares gains on report OPEC experts did not set details of output deal
(DBN)

Suckered Again: How Likely Is An OPEC Production Cut? Saudi Arabia Is Willing To Sink The OPEC Deal Why Saudi Arabia might walk away from an OPEC oil output deal Why the OPEC meeting is likely to disappoint, in one chart OPEC could see 'punishing outcome' if talks fail
(DBN)

Oil and gas mergers and acquisitions are finally making a comeback
(DBN)

GulfMark Offshore - A Deeper Look Into The Proposed Debt Restructuring Reveals Desperation
(DBN)

OPEC could lose market share in a world awash in oil
(DBN)

Canadian Oil Patch Panic Is Over—For Now Strongest may have survived after weakest faltered Failed energy companies restore stability for rest of oilpatch
(DBN)

Report damns Scottish Government efforts to support North Sea industry

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Politics:

Trump's latest reality show The Uneasy Interregnum of Donald Trump Trump Won; Four Global Realities He Faces Why a weekend of raging Trump tweets should give us pause Trump shifts from Wall St. villain to savior Fact Check: Trump "won the popular vote if you deduct the millions of people who voted illegally." Why Trump's claim that 'millions' of illegal voters won Clinton the popular vote is 'not at all' plausible Donald Trump’s Lies About the Popular Vote The Challenge of Covering a President Who Lies in His Tweets
(DBN)

FBI director explained the 'distinction' between the Hillary Clinton and David Petraeus investigations The Department of Defense is investigating leaks involving the s-- scandal of former CIA director Petraeus
(DBN)

Donald Trump Son-in-Law Could Face His Own Conflict-of-Interest
(DBN)

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Coal:

Coal executives "overlooked" $100 million to try to escape environmental cleanup costs
(DBN)

Trump promised to bring back coal . Now some worry he will take away miners’ black lung benefits Retired Coal Miners Losing Their Safety Net
(DBN)

Why cleaning up abandoned coal mines is so important -- and difficult
(DBN)

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Tax:

H&R Block drops 8 percent after Trump-related downgrade
(DBN)

ZKB Bankers Deny Claims of Helping U.S. Clients Dodge Taxes
(DBN)

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Consultants:

Global insolvency leaders announced at KPMG
(DBN)

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Alternative Energy:

Trump Can’t Kill Solyndra Loan Program That Outperforms Banks
(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 (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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Appeals:

Preliminary Injunctions in Bankruptcy Courts: Can a Litigant Get a Second Opinion?
(DBN)

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Make-Whole:

Third Circuit Recognizes Validity of Prepayment Premiums with Automatic Acceleration in Its Reversal in Energy Future Holdings
(DBN)

Third Circuit Court of Appeals: Energy Future Required to Pay Make-Whole Payments
(DBN)

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Proofs of Claim:

9th Cir. Holds Debtor’s Acknowledgment of Debt Does Not Excuse Untimely Proof of Claim
(DBN)

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Bankruptcy Rules:

Federal Bankruptcy Rule Changes Effective December 1, 2016
(DBN)

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Discovery:

For Whom the Bell Tolls: Obligations and Risks of Third-party Witnesses under Rule 2004 Examinations.
(DBN)

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Deadlines:

The 2016 Amendments to the Federal Rules of Civil Procedure: Eliminating the Three-Day Rule for Electronic Service
(DBN)

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Exemptions:

Homestead Proceeds in Bankruptcy
(DBN)

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Sovereign Immunity:

Section 106 Waivers of Sovereign Immunity May Be Unconstitutional Sometimes
(DBN)

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Avoidance Actions:

D’Oench Duhme Gives FDIC Broad Protection from Fraudulent Transfer Suits
(DBN)

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Claims:

Opinion in Altegrity Reinforces the Position of the Bankruptcy Court on “Claims”
(DBN)

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Reclamation:

Delaware Bankruptcy Court sides with Sixth Circuit in deciding that Vendors may have a reclamation right remedy despite a senior secured lender‘s lien
(DBN)

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UK:

Debt Recovery Update: Judgment Day? Cross-channel Enforcement Post-Brexit
(DBN)

'Every part of UK adult care system is in crisis,' says study
(DBN)

Firm behind ill-fated golf course plan faces £70m in debt claims
(DBN)

67% of oil and gas companies axed jobs in 2016, survey finds
(DBN)

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EU:

Early Restructuring and a Second Chance for Entrepreneurs – EU Commission proposes new Restructuring Directive
(DBN)

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PIIGS:

One-third of Irish people can't pay their bills on time
(DBN)

Changes to Italian Banking Law Promotes Creditor-Friendly Bankruptcy and Restructuring
(DBN)

Italy’s referendum could spark another European banking crisis: Economist
(DBN)

Greece seeks to fix borrowing costs in debt relief talks EU, Greece 'very close' to debt talks: Moscovici Greek Fin Min Lashes Out at IMF, Berlin
(DBN)

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Canada:

Former Hawkair workers receive final paycheque
(DBN)

Canada watchdog warns of losses if housing market turns
(DBN)

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Mexico:

The Mexican peso's crash is hurting some US companies
(DBN)

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India:

Lot of expectations from new insolvency mechanism: Jaitley
(DBN)

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Russia:

Rosneft lawyers manipulated Yukos rulings, emails suggest
(DBN)

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MENA:

The Dubai World Tribunal and the Global Insolvency Crisis
(DBN)

Bankruptcy law to improve credit dynamics in the UAE
(DBN)

Insolvency framework key to GCC diversification push
(DBN)

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Cayman Islands:

Cayman’s Appeal Court upholds clawback order against hedge fund Weavering investors
(DBN)

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Brazil:

Rio 2016 Olympic Committee Still Owes Vendors Millions
(DBN)

Creditors look to Brazilian authorities to act in Oi debt talks
(DBN)

Brazil, struggling with soaring debt, joins Paris Club of creditors
(DBN)

Glencore highest bidder in auction for distressed Brazil sugar mill
(DBN)

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Curacao:

Judge declares Tiara Air bankrupt
(DBN)

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China:

Oaktree Says China’s Rising Bad Debts Spell Big Opportunities
(DBN)

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Malaysia:

Changes to Malaysia's Bankruptcy Law
(DBN)

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