October 6, 2016


The Daily Bankruptcy News

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Law:

Is the Legal Operating Model About to Crash?
(DBN)

Linklaters partners to vote on lockstep changes at November conference
(DBN)

Global Giant Ends Six Month Leadership Search With A Controversial Choice
(DBN)

Are Lawyers Considered ‘Tainted’ If They Sue Their Firms?
(DBN)

Musical Chairs: The Latest Lawyer Losses At A Top Biglaw Firm
(DBN)

Luddites Not Welcome in the Legal Profession
(DBN)

Water resistance is the only reason to upgrade to iPhone 7: Consumer Reports
(DBN)

Law School Hit By The EEOC With Gender Discrimination Case
(DBN)

The Early Years Begin for AI's Transformation of Law
(DBN)

There’s No Business Like Business Development
(DBN)

Law Profs Turn to Hamilton (Yes, the Musical) as Teaching Tool
(DBN)

The Steve Jobs guide to manipulating people and getting what you want
(DBN)

California makes it a felony for prosecutors to withhold or alter exculpatory evidence
(DBN)

New TV Show To Expose The Ethics Of Biglaw
(DBN)

Lawyers Fail The Middle Class — Would Non-Lawyer Ownership Of Firms Help?
(DBN)

Do Lawyers Warning Of The Perils Of Social Media Even Use Social Media?
(DBN)

UK High Court Affirms Arbitral Ruling That Party Can Recover Litigation Finance Costs
(DBN)

Creepy clowns have been terrorizing towns every few years for decades
(DBN)

What Led Two Lawyers To Take Hostage And Torture A Managing Partner And His Wife?
(DBN)

8 things smart people never reveal about themselves at work
(DBN)

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Judges:

Judge 'Mystified' How Unredacted Order in Case Was Publicly Posted
(DBN)

Federal judge is tossed from two cases for repeated failure to rule on pending motions
(DBN)

Judge is admonished for belittling potential jurors
(DBN)

Law Clerk Alleges She Was Fired By Judge While On Maternity Leave
(DBN)

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Wall Street:

U.S. stocks on track to open lower
(DBN)

Energy companies , banks lead stocks higher
(DBN)

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Layoffs:

World’s First Publicly Traded Law Firm Slashes 640 Jobs
(DBN)

Theranos - 340
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Coffee Bean & Tea Leaf closed all Manhattan stores, at least for now
(DBN)

Elephant Bar abruptly shutters half its Bay Area locations with no explanation
(DBN)

Erie County Farms' owner wants to sell house in bankruptcy case
(DBN)

Cosi Gets OK To Begin Tapping $4.1M Bankruptcy Loan
(DBN)

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Tech:

Child Locator Tech Firm Looks for Buyer in Bankruptcy
(DBN)

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Mining:

No decision yet on Magnetation bankruptcy , future
(DBN)

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Solar:

SunEdison Said to Map Restructuring Plan With TerraForm Stake
(DBN)

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Shipping:

ICICI Bank takes 11% stake in ABG Shipyard in debt-for-equity deal
(DBN)

Task force to be formed for job stability of Hanjin Shipping employees
(DBN)

Israeli shipping firm Zim to defer $115 million in payments
(DBN)

Hanjin Shipping - Current Jurisdictional Status And Options
(DBN)

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Staffing:

Firm with 640 employees, over $10M in revenue files Chapter 11
(DBN)

____________

Corporate Governance:

Are There Fiduciary Duties between Members in an Arizona LLC?
(DBN)

____________


Economy:

The economy shows 'evidence for an imminent recession'
(DBN)

The highest amount of debt ever Global debt balloons to all-time high of $152 trillion, IMF warns
(DBN)

Household Debt Service Ratio Since 1980
(DBN)

The 37 highest-paying jobs in America
(DBN)

Dow, S&P 500, bonds trade like a Fed rate hike isn’t cause to stress out
(DBN)

This is why most people don’t save money for retirement
(DBN)

Heavy Truck Orders in Worst Month Since '09
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Eleventh Circuit Rules that Debtors Who Surrender Real Property in Bankruptcy Cannot Oppose Foreclosure
(DBN)

Lawyerly Lairs: A Biglaw Partner’s $12 Million Home — With Amazing Central Park Views
(DBN)

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Municipalities:

City of Detroit Withstands Another Challenge to Its Confirmed Bankruptcy Plan
(DBN)

___________

Oil/Gas:

Big Oil Learns Lessons From Slump But They May Not Benefit Workers
(DBN)

Oil’s Collapse Spills Into Non-Energy Debt, N.Y. Fed Data Show
(DBN)

Inventories fall for fifth straight week, pushing crude near $50 a barrel
(DBN)

Saudi oil exports to U.S. are at a 5-month high Saudis Cut Oil Prices To Asia, Europe Wall of supply’ will block oil rally at $55, Goldman Sachs predicts
(DBN)

The OPEC Deal Represents A Permanent Shift In Oil Markets
(DBN)

1.5 Trillion Barrels of Recoverable Oil
(DBN)

Shale E&P Industry's Resilience Has Big Cracks
(DBN)

Chesapeake shores up capital with $1.25 bln debt deal
(DBN)

GE Drones Are Coming to Squeeze More Savings From the Oil Patch
(DBN)

Singapore Court Grants Judicial Management to Swiber Holdings
(DBN)

Warren Resources, Inc. Emerges from Bankruptcy
(DBN)

Murphy Energy Corp. Files for Chapter 11
(DBN)

Whistler Energy Says It's Close To Ch. 11 Deal With Apollo
(DBN)

Venoco Class Settles Pre-Ch. 11 Sale Fight For $19M In Del.
(DBN)

Oil glut? Even more could be on the way
(DBN)

Russia may boost oil output despite OPEC accord U.S. drillers, investors, carefully watching Russian oil production
(DBN)

High Yield Energy Debt Rallies in Trading as Oil Climbs
(DBN)

____________

Politics:

Bill Clinton Attempts to Clarify Scathing Obamacare Comments
(DBN)

Donald Trump Full Bankruptcy Documents Now Online: What Do They Say About His Finances? Here's the best theory we've seen of how Trump paid so little tax Trump's dad bailed him out in 1970s to avid bankruptcy Here’s how a Trump win could knock 7% off the stock market Ford Chairman Met w Trump over Mexico Comments Trump Forces Some in GOP into Survival Mode
(DBN)

One of Donald Trump and Mike Pence's big attacks on Tim Kaine is bogus Pence Fact Check: Donald Trump "hasn’t broken his promise" to release his tax returns.
(DBN)

____________

Celebs:

Pascal Duvier Bankrupt : Kim Kardashian's Bodyguard $1.2 Million In Debt
(DBN)

Real Housewives Of Beverly Hills Star Dorit Kemsley’s Husband’s Past Bankruptcies Revealed!
(DBN)

____________

Banking:

Sarasota bank company bankruptcy one of largest recent filings Tampa court sets auction for Sarasota bank that’s filed for bankruptcy
(DBN)

Forget ‘too big to fail’ — the new concern is banks too weak to survive
(DBN)

____________

Healthcare:

Pushmataha Hospital planning next steps after declaring bankruptcy
(DBN)

Theranos closes labs, testing centers in dramatic downsizing
(DBN)

Mylan accused of 'bilking' taxpayers by failing to pay proper EpiPen rebates
(DBN)

____________

Bankruptcy Crimes:

Fraud trial begins for PureChoice founder
(DBN)

Tax Return Preparer Charged with Preparing False Tax Returns, Bankruptcy Fraud and Naturalization Fraud

____________

Education:

Information for Colleges and Counselors Regarding Supporting ITT Students
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

Top ten court districts for Ch. 11 filings with $10 million+ in debt for 2016 YTD
(DBN)

Business Bankruptcy Filings Through First Three Quarters of 2016 Up 28 Percent; Total Filings Fall 6 Percent
(DBN)

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Sales:

Preserving a Fundamental Bankruptcy Tool: Despite uncertainty, credit bidding continues to serve lenders and investors well in distressed industries
(DBN)

When Can't a Creditor Credit Bid?
(DBN)

____________

Surrender:

No Dodging Foreclosure After 'Surrender,' Says 11th Circ.
(DBN)

____________

Unexpired Leases:

Lease Rejection: Does the Contract Disappear?
(DBN)

____________

Trustees:

Trustee Gets No Fee on Insurance Proceeds Paid to Secured Lender
(DBN)

____________

Coal:

Arch Coal emerges from bankruptcy with 93% less debt
(DBN)

____________

Gambling:

U.S. judge halts remaining litigation against Caesars Caesars Given Litigation Breather Until Confirmation
(DBN)

____________

Weather:

US prepares to 'take one on the chin' as Hurricane Matthew strengthens
(DBN)

Why Conservatives Reject Global Warming Hurricanes Will Worsen as Planet Warms
(DBN)

____________

Debt Collection:

Debt Collectors and Creditors Should Take Note of $135 Million USA Discounters Settlement
(DBN)

____________

Hollywood:

If Ryan Kavanaugh’s Relativity Is Up For Sale, Again, Who’s Buying?
(DBN)

____________

UK:

What will be the impact of Brexit on insolvency proceedings ?
(DBN)

FCA gets final report into RBS small business restructuring division
(DBN)

____________

EU:

EU plans insolvency early warning alerts to cut banks' bad loans
(DBN)

Brussels eyes bankruptcy protection for small businesses
(DBN)

Bank Bail-In Advice From First EU Country Ever to Try One Out
(DBN)

Deutsche Bank and 3 other ways Europe is giving investors heartburn
(DBN)

____________

PIIGS:

Italy's insolvency reform should also apply to existing bad loans - IMF
(DBN)

The Courts continue to order the termination of the concordato if the debtor pays pre-petition claims
(DBN)

Why Greece Wants Andreas Georgiou
(DBN)

____________

Germany:

The German government is in discreet talks with US authorities about Deutsche Bank
(DBN)

Yield Gap Between U.S., German Debt Is Widest Since 2006
(DBN)

____________

Singapore:

Swiber Holdings gets court approval for judicial management
(DBN)

____________

Austria:

Heta creditors accept debt buyback - Carinthia vehicle
(DBN)

____________

India:

IMF Warns of Profit Slump at Indian Banks Amid Surging Bad Loans
(DBN)

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Copyright 2016