September 29, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

What The 2009 Legal Layoffs Were Really Like
(DBN)

Biglaw Firm Announces Major Partner Move, Only To Have That Partner Change His Mind Paul Hastings Left Embarrassed Over Shock Partner U-Turn
(DBN)

Huge merger spurs drop in revenue per lawyer among Global 100; total revenue nears $100B
(DBN)

The Evolving Career Path Of A Woman Lawyer In Big Law
(DBN)

Rainmaker Q&A: Sills Cummis' Andrew Sherman
(DBN)

Five AI Pioneers to Watch
(DBN)

What Clients Want - Court Time for Junior Lawyers but Also Control
(DBN)

The Best (And Worst) New York Law Schools For Biglaw Jobs
(DBN)

Former Solicitor General Don Verrilli To Head Up D.C. Office For Surprising Biglaw Firm
(DBN)

Forget The ‘Next Big Thing’ — Do You Even Understand How To Use Your Existing Tech?
(DBN)

If You’re Bored With The Usual Marketing, Join A Board
(DBN)

For those of you who think that we dinosaurs should leave the stage, forfeit our careers, and move aside for younger lawyers, let me just say two words
(DBN)

A New York lawyer saw something, said something. Now he’s an internet meme.
(DBN)

Law Firms Weigh Risks of Pressing Clients on Cyber Fears
(DBN)

Is verbosity rewarded in law school?
(DBN)

New Mexico Bar Pass Rate Drops 12 Percentage Points After Adoption Of MBE
(DBN)

Why the family of Ahmed 'the clock kid' is suing Glenn Beck and a Texas mayor
(DBN)

Law prof won’t be disciplined for ‘run them down’ tweet about Charlotte protesters
(DBN)

Senate Overrides Obama’s Veto of 9/11 Bill 'The single most embarrassing thing the United States Senate has done possibly since 1983'
(DBN)

Lawyer sends $1,000 to jury duty scammers who are refining their craft
(DBN)

After using BlackBerry's last big phone for a month, I understand why it died Apple CEO Tim Cook was blunt when discussing the end of BlackBerry phones
(DBN)

Officer Fired for Posting Snapchat Pic With Racial Slur
(DBN)

Law firm office manager steals millions
(DBN)

Lawyer-Turned-Firefighter Killed in Bronx Blast Was 'Centered'
(DBN)

A black 17-year-old reported his stolen car using LoJack ... and police reportedly arrested him instead
(DBN)

Police say South Carolina shooter killed father before opening fire at an elementary school
(DBN)

Former Miss Universe on accusations she was a murder accomplice: 'Everybody has a past. I'm not a saint girl'
(DBN)

Big Law Confidential: Inside the ‘Most Famous’ Lawyer Poll
(DBN)

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Judges:

Alabama Chief Judge Goes Before Ethics Panel Alabama Chief Justice Denies Defying Rule of Law
(DBN)

Judge in Facebook Terrorism Case Says Tongue-Lashing at Young Lawyer Wasn’t Personal
(DBN)

New Orleans tells court it can remove Confederate statues
(DBN)

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Wall Street:

U.S. stocks set to struggle as euphoria over OPEC deal fades
(DBN)

US stocks close higher as oil jumps
(DBN)

Trump or Clinton, it doesn’t matter—a bear market is coming whoever wins
(DBN)

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Layoffs:

Bankrupt solar panel installer Verengo to lay off 82 in Anaheim, Torrance
(DBN)

Novo Nordisk to ax 1,000 jobs as competition grows
(DBN)

Pittsburgh Tribune-Review to go digital-only, lay off 106 workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears Could Be Bankrupt Soon as Debt Deadlines Loom, Fitch Says Sears could kill hundreds of American shopping malls
(DBN)

Sears, Claire’s at High Risk in Fitch Study of Retail Failures Fitch Ratings cites 7 retailers as bankruptcy risks including Nine West
(DBN)

Retailers that go under are more likely to be gone for good
(DBN)

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Metals:

Horseshoe parent has deal to exit bankruptcy
(DBN)

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Banking:

John Stumpf Gives Wells Fargo $41 Million As Down Payment On His Own Job Wells Fargo board is furious with CEO Stumpf, there’s acrimony behind the scenes Stumpf Pay Surrender Buys Time But Lawmakers Say It’s Not Enough California just dealt another blow to Wells Fargo Stumpf’s Pay Cut Eclipsed by Fury as Yellen, California Join In
(DBN)

Yellen Pressed to Scrutinize Big Banks in Wake of Wells Fargo Scandal
(DBN)

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Food/Beverage:

Sandwich chain Cosi has filed for bankruptcy protection and will try to sell itself Cosi shares in free fall as chain files Chapter 11 bankruptcy Ubiquitous Flatbread Sandwich Chain Cosi Files For Bankruptcy Franchisor Cosi Files Chapter 11 Bankruptcy First Day Dec First Day Dec (2)
(DBN)

Dallas restaurant company bought for $26.8M in bankruptcy auction
(DBN)

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Gambling:

In Caesars Bankruptcy Fight, Private Equity Owners Fold
(DBN)

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Pharma:

Valeant: Is Bankruptcy Possible?
(DBN)

Lots of people want the government to finally do something to control drug prices
(DBN)

Bay area biopharma firm files for bankruptcy
(DBN)

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Corporate Reform:

'Party Like a Perp—Legendary Bashes Thrown by the Rich and Indicted'
(DBN)

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Shipping:

Ship demolition market firms up as both prices and demand are high
(DBN)

Sainty Marine announces bankruptcy restructuring proposal
(DBN)

Crew of 14 stranded on ship in Sydney harbor
(DBN)

Shipping roulette for Singapore Taobao buyers as Hanjin Shipping goes bankrupt
(DBN)

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Economy:

Dollar Gains as Yellen Cites FOMC View on Need for '16 Rate Hike
(DBN)

Fed's Mester: 'We could risk a recession' if interest rates don't go up now
(DBN)

Fed's George wants slow but sure progress on raising rates
(DBN)

This chart shows just how bad the Fed has been at predicting rate hikes
(DBN)

ATA Trucking Index increased Sharply in August As Heavy-Truck Sales Go, So Goes the Economy
(DBN)

How Hillary Clinton and Donald Trump would tax the 1 percent, in one chart
(DBN)

Obama's War on Inequality
(DBN)

Congress Sprints Toward Recess as Leaders Reach Spending Deal U.S. government shutdown avoided after Congress passes short-term spending bill
(DBN)

Health-Care Costs Ate Your Pay Raises
(DBN)

Minorities hopeful, whites sour on future
(DBN)

Child Care Costs More than In-State College Tuition
(DBN)

The Real Reason So Many Americans Oppose Immigration
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Chapter 13 Plan: How to Really Get Rid of Unwanted Property … Or Maybe Not
(DBN)

Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

California home sales flat in August
(DBN)

Delinquencies Decline But Remain High Relative to 2000s
(DBN)

No, you probably can’t afford that house. Here’s why Housing affordability at the worst level in seven years
(DBN)

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Municipalities:

As Chicago Staunches Fiscal Bleed, Schools Are Awash in Red Ink
(DBN)

A vulture is circling Chicago
(DBN)

Art & the 'Public Trust' in Municipal Bankruptcy
(DBN)

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Oil/Gas:

Oil bankruptcies: There are 100 down, maybe 100 more to go
(DBN)

Worst of oil slump is behind us, Dallas Fed says
(DBN)

This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them' In U-Turn, Saudis Choose Higher Prices Over Free Oil Markets
(DBN)

Oil jumps after report OPEC reaches deal to limit crude output in November Oil is going through the roof
(DBN)

A sketchy OPEC deal just put a floor under oil prices
(DBN)

Goldman Sachs: OPEC oil deal doesn't change our price outlook
(DBN)

Oil flat after OPEC output cut deal as caution weighs
(DBN)

Pemex to Announce Debt Restructuring Plan, CFO Newman Says
(DBN)

Midstates Petroleum Gets Nod On Ch. 11 Plan
(DBN)

Bennu Titan Granted Delay Bid In Forced Ch. 11 Case
(DBN)

Canadian insolvency proceedings of Pacific Exploration & Production Corporation recognized as main proceedings by Colombia and US Bankruptcy Court
(DBN)

Chesapeake: Betting On Default
(DBN)

How The Oil Price Slump Affected The Ultra-Rich
(DBN)

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Politics:

Bankruptcy Pros Shun Fellow Businessman Trump, Back GOP In Fight For Senate
(DBN)

Cruz Invests in Trump's Bankruptcy As One of Their Own Runs for President, Casino Executives Are Divided Our dangerously low expectations for Donald Trump could help him ride to victory in November Donald Trump’s Unchanged Ratings (Which Are Worse Than Hillary Clinton’s) Howard Dean is disgracing himself by inventing drug rumors about Trump A new report confirms that Donald Trump was too lazy to seriously practice for the debate Donald Trump’s “inner city” has nothing to do with where black people live Donald Trump made a $1 trillion error about nuclear weapons during the first presidential debate Trump Has Turned Over Tax Returns Before Donald Trump’s company allegedly violated Cuba trade embargo Giuliani said Trump 'isn’t fond of dictators' — here's every dictator Trump has praised Forget focus groups, Donald Trump crowdsources strategy for 2nd debate Donald Trump is living in his own world Donald Trump Changes His Tune on Debate Moderator
(DBN)

Howard Marks backs Clinton because she's 'sane and competent'
(DBN)

Yellen Defends Fed From Accusations of Partisanship
(DBN)

Here’s what Goldman is telling clients to do ahead of the U.S. election
(DBN)

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Gambling:

Hilton Hit With $4.7M ERISA Lawsuit Over Caesars' Bankruptcy
(DBN)

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Education:

ITT Educational Debuts in Bankruptcy Court
(DBN)

How Financial Aid Betrays the Modern Family
(DBN)

University of Michigan Now Allowing Students to Pick ‘Designated Personal Pronouns’
(DBN)

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Retailing:

A Looming Sears Bankruptcy Could Obliterate Its Landlord Seritage
(DBN)

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Solar:

Appaloosa and TerraForm Resolve Suit Over Vivint Acquisition
(DBN)

Abengoa Creditors Look To Probe Pre-Bankruptcy Deals
(DBN)

Bank of America may be interested in bailing out SunEdison
(DBN)

____________

Healthcare:

Go Ye Village attorneys turn in blueprint for reorganization
(DBN)

Methodist, Texas Health press restart on former Forest Park hospitals
(DBN)

Devon Manor Sale To Cause 124 Layoffs
(DBN)

____________

Environmental:

Federal Board Finds Fault in 2014 W.Va. Chemical Spill Blame abounds in Freedom’s MCHM-spill water crisis
(DBN)

EPA Settles Cleanup Issues In Vertellus Ch. 11 Sale Plan
(DBN)

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Religion:

Law Firm for Churches Launches in New York City
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (83 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 Remoteness:

The Enforceability of Independent Director or Independent Member Provisions in a Bankruptcy-Remote Entity’s Organizational Documents
(DBN)

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Avoidance Actions:

Action for Fraudulent Transfer Not “On a Contract”
(DBN)

Unsecured Creditors May Expect Better Recoveries in Bankruptcy
(DBN)

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Standing:

Religious Court Had No Pecuniary Interest and Thus Lacked Standing to Appeal
(DBN)

____________

Hedge Funds:

Josh Brown: I’ve never seen anything like the massacre of the hedge fund business this year
(DBN)

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Student Debt:

Student Loan Defaults Fall, but the Numbers Are Rigged
(DBN)

There’s more proof student-loan borrowers are getting cheated
(DBN)

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Sovereigns:

The 19 countries with the highest level of government debt
(DBN)

The 25 countries with the highest tax rates
(DBN)

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UK:

Plans for temporary moratorium for corporate insolvency regime
(DBN)

BHS.com counting on 'loyal' shoppers ahead as defunct department store gets streamlined online relaunch
(DBN)

Marathon's Bruce Richards on Brexit, Distressed Debt
(DBN)

PPF updates guidance for restructuring and insolvency practitioners
(DBN)

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EU:

A crisis in European banks threatens to roil global markets
(DBN)

Germans Favor Supporting Financially Troubled EU States: Chart
(DBN)

Ghosts of subprime: Germany plans Deutsche Bank rescue, or does it?
(DBN)

____________

PIIGS:

Spanish court to investigate Abengoa chairman Antonio Fornieles - document
(DBN)

Greece like 'a slave' to lenders with little power left: Varoufakis
(DBN)

Greek govt fully committed to bailout despite dwindling support
(DBN)

Greek privatization program offers 'returns of 15% or more' for investors
(DBN)

____________

Canada:

Canada’s Pugnacious Distressed-Debt King Can’t Lend Fast Enough
(DBN)

Almost 60% of Albertans close to insolvency
(DBN)

Over Half of Canadians are Concerned About Their Debt and are Now Living Within $200 a Month of Being Unable to Pay Their Bills
(DBN)

Replacing An Insolvent Operator – Court Upholds CAPL “Immediate Replacement” Right
(DBN)

Carleton Bar goes bankrupt , in danger of folding
(DBN)

____________

China:

Bankruptcy looms as bonds blocked for Dongbei Special Steel: analysts
(DBN)

SOS for China's state-owned enterprises
(DBN)

China’s richest man warns of ‘the biggest bubble in history’
(DBN)

As Trump laments China’s rise, experts say its decline is the real concern
(DBN)

____________

Brazil:

Insolvency Outlook Deteriorates in NAFTA and Brazil, Atradius Survey Shows
(DBN)

PDG Realty denies report it is filing for bankruptcy protection
(DBN)

____________

MENA:

UAE Cabinet Approves Bankruptcy Law Reforms
(DBN)

9/11 Bill Crashes Saudi Stock Exchange
(DBN)

Saudi banks have to reschedule consumer loans because the government slashed pay by 20%
(DBN)

____________

India:

Insolvency bill moots 'creative destruction'
(DBN)

Feedback sought on draft law to fix bankruptcy in banks, insurance companies
(DBN)

____________

Germany:

Deutsche Bank can only be saved by the German government, strategist says If Merkel Wants to Help Deutsche Bank, She Has Few Options: Q&A
(DBN)

Senior German Lawmaker: No more aid for ailing banks
(DBN)

Deutsche Bank Should Make You Worry About Europe's Other Giants
(DBN)

Commerzbank to cut near 10,000 jobs, halt dividend
(DBN)

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Australia:

Credit card bankruptcies could be the next banking scandal
(DBN)

____________

Ukraine:

Fighting Armed Gangs for Assets Is New Page in Creditor Handbook
(DBN)

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