April 10, 2017

The Daily Bankruptcy News

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Law:

Legal sector loses 1,500 jobs in March
(DBN)

BofA lost $11 million in Dewey's last days, jury hears at retrial
(DBN)

Law firm rates rising at fastest pace since 2008 recession
(DBN)

Tucson's Lowell Rothschild reflects on legal career that spans 6 decades
(DBN)

Linklaters finance practice under scrutiny with partner exits expected amid profitability push
(DBN)

Shkreli's Ex- Lawyer Threatens to Blow Whistle at Trial
(DBN)

Westinghouse Filings Detail Weil's Big Bankruptcy Bills
(DBN)

Collateral Damage: How A Flagging Law School Hurts Community
(DBN)

Cooley Law School Enrollments (68%), Revenues (49%) Fall, Tuition Rises 48% (To $50,790); 60% Of Faculty Terminated, Dean's Pay Cut 20% (To $537,000)
(DBN)

February 2017 MBE Bar Scores Collapse To All-Time Record Low
(DBN)

Stats Of The Week: Another Stagnant Year For Law Schools?
(DBN)

The Decision: Full Scholarship, Location, Or Prestige?
(DBN)

More companies push for diversity in outside law firms; Facebook adopts one-third mandate
(DBN)

Litigators too often take an overly cautious approach and are afraid of making decisions
(DBN)

Smartphone Tips For The Savvy Lawyer
(DBN)

Bank robber seeks maximum punishment at his favorite federal prison
(DBN)

Judge Davis’s Powerful Opinion Vacating The Gavin Grimm / Virginia Transgender Bathroom Injunction
(DBN)

Advice For Very Young Would-Be Lawyers
(DBN)

Top 3 Reasons for Associate Attrition and 3 Ways to Combat It
(DBN)

Trump's DOJ supports local cops, except when local cops support federal intervention
(DBN)

NRA Staffer Accidentally Shoots Self at HQ
(DBN)

Fox is opening an investigation into accusations of harassment against Bill O'Reilly
(DBN)

Law Student Says Airbnb Was Canceled Because She’s Asian
(DBN)

What The Aaron Hernandez Double Murder Jury Asked The Judge On Friday
(DBN)

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Judges:

Judiciary Seeks Bankruptcy Judgeships, Warns of ‘Crisis’ 'Crisis' Looms Without New Bankruptcy Judges, Courts Say
(DBN)

Congratulations to Soon-to-Be Associate Justice Gorsuch Gorsuch is confirmed; he will be ‘jumping on a fast treadmill’ Supreme Court Clerk Hiring Watch: Meet Justice Neil Gorsuch’s Clerks Divisive Gorsuch Fight Leaves Political Mark on Supreme Court Justice Gorsuch Ushers In a New Era Why Justice Gorsuch Would Find Trump’s Syria Strikes Unconstitutional
(DBN)

What does the junior Supreme Court justice do? Kagan tells Gorsuch it starts in the kitchen
(DBN)

What will Gorsuch face as a new Justice?
(DBN)

Every Supreme Court justice went to Harvard or Yale Law School — here's where they went for undergrad
(DBN)

There Will Never Be a “Mainstream” Supreme Court Justice
(DBN)

Who's Interrupting Whom at the Supreme Court
(DBN)

An Interview with the First Black Woman Appointed to the Seventh Circuit
(DBN)

Quote of the Day: Honoring ‘Acute Disagreement’ at the Supreme Court
(DBN)

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Wall Street:

Dow futures tread water as Trump rally stays on pause
(DBN)

U.S. Stocks Close Lower: Nasdaq Ends Week In Negative
(DBN)

A conflicted stock market faces moment of truth as earnings loom
(DBN)

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Layoffs:

Retailers cut tens of thousands of jobs. Again US Lost 60,000 Retail Jobs in Last 2 Months
(DBN)

PwC's global chairman says we'll see 'that scenario of a negative growth rate' if we don't deal with job-killing robots
(DBN)

What Americans Are Most Worried About When It Comes to Robots
(DBN)

WARN notices filed for Bebe stores in metro Atlanta, affecting 63 people
(DBN)

Unilife lays off 51 as closures, bankruptcy loom
(DBN)

St. Pete pharma packaging company plans 112 layoffs
(DBN)

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Taxis:

Uber isn't sure if it can 'remain a viable business' without building self-driving cars
(DBN)

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Student Debt:

Investors are paying college students' tuition — but they want a share of future income in return
(DBN)

Hackers Use FAFSA Application To Steal Tax Info
(DBN)

The Federal Government is Sending Signals That It's About to Let Down People With Student Loans
(DBN)

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Travel:

Delta meltdown: Pilots are on hold, too Hundreds stuck at Hartsfield-Jackson after storm
(DBN)

Airline pilot reveals the meanings of 11 code words passengers don't understand
(DBN)

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Food/Beverage:

New York City's high-end restaurants are disappearing
(DBN)

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Celebs:

'Dance Moms' News: Abby Lee Miller Promises to 'Dish the Dirt' on Lifetime Series
(DBN)

Jersey Shore Star Facing New Tax Evasion Charges, in Bad ‘Situation’ With IRS
(DBN)

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Nuclear:

Nuclear plant owners expand search for rescue to more states
(DBN)

Nuclear Power's Original Mistake: Trying to Domesticate the Bomb
(DBN)

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Autos:

Tumbling Car Sales drag down US Auto Market in march
(DBN)

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Electricity:

California is getting so much power from solar that wholesale electricity prices are turning negative
(DBN)

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Taxis:

SF Yellow Cab sold to competitor for $810000
(DBN)

She was pregnant and broke. She signed up for Uber — and fell into debt.
(DBN)

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Golf:

Trump's U.S. Golf Clubs Are Struggling
(DBN)

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IT:

Ciber files for Chapter 11 bankruptcy Ciber Files For Chapter 11 Protection And Secures $45 Million In DIP Financing
(DBN)

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Education:

Dowling College Oakdale campus auctioned for $26.5 million
(DBN)

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Economy:

March Employment Report: 98,000 Jobs, 4.5% Unemployment Rate A Mostly Solid Employment Report
(DBN)

The Fed may hike more aggressively after latest jobless rate data
(DBN)

New York Fed's Dudley Supports Reconsidering Key Banking Rules
(DBN)

Fed Nowcast stands at 2.8% for 2017:Q1 and 2.6% for 2017:Q2.
(DBN)

Trump will nominate former Romney adviser as top economist
(DBN)

Bullard says Fed could end reinvestment policy this year
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump
(DBN)

How Middle-Class America Got Fleeced
(DBN)

Trump economy starting to look like same-old, same-old
(DBN)

There’s more than 60% chance of a global recession within the next 18 months, economist says
(DBN)

US jobs miss will not slow the Fed, argue strategists
(DBN)

Eight Ways to Look at the March Jobs Report Dollar Bulls Should Be Worried After This Jobs Report Economy experts: No jobs, no problem – unexpectedly low report not all bad Jobs Report: Can't Put Lipstick on This Pig
(DBN)

Taper Tranquility Not Tantrum Greets Fed Bond-Reduction Plan
(DBN)

Here's how you'll know if Trump is making America's economy great again
(DBN)

Bridgewater's Ray Dalio on when a downturn might come
(DBN)

Here are the economic logistics of creating a new right to a 4-day week and a 3-day weekend
(DBN)

'Everyone is affected.' Immigration raids turn Oregon city into ghost town
(DBN)

Action plan drawn up on U.S.-China trade, Commerce’s Ross says
(DBN)

Montana Mines to Test Trump Team’s Appetite for China Deals
(DBN)

When Elon Musk and Jeff Bezos left everyone in their dust
(DBN)

More Unmarried Americans Than Ever Are Cohabiting
(DBN)

For seniors, rising credit card debt squeezes tight
(DBN)

Banks Hire Like They Believe in Trump
(DBN)

More evidence Americans are becoming obsessed with putting everything on credit
(DBN)

Hotels: Hotel Occupancy Rate increase Year-over-Year
(DBN)

AAR: Rail Traffic increased in March
(DBN)

Seniors could be in for a rude surprise if Paul Ryan gets his way on taxes
(DBN)

How Much of your State's Debt Rests on your Shoulders
(DBN)

How Much Are Property Taxes in Each State, a Visual Answer
(DBN)

The Fed, the Reality of Tax Cuts Reality, and Donald Trump
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

As home equity loans rise, here's the latest pulse on delinquencies
(DBN)

Fannie Mae: Americans come down off home-confidence high
(DBN)

Sanford Capital affiliate accused of using bankruptcy to avoid enforcement
(DBN)

Federal bankruptcy court to issue final decision on Crossings Mall Bridge construction
(DBN)

Bankruptcy Judge Rules to Move Harbor Hill Case to Land Court
(DBN)

Google employees could buy 5 houses for the price of one if they left Silicon Valley
(DBN)

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Municipalities:

Guam: Calvo's financial house of cards
(DBN)

Senator wants state takeover of Gary schools guided by locals
(DBN)

Whodunit? How did Muncie Schools get into this mess?
(DBN)

Many States Are Still Struggling
(DBN)

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Oil/Gas:

Federal bankruptcy court approves Bonanza Creek's plan to get out from under Chapter 11 Court approves Bonanza Creek Energy reorganization plan
(DBN)

Energy Employment Surges With U.S. Shale Production US Jobs Report: Oil, Gas Employment Increases in March
(DBN)

Permian Basin again surges in rig count Baker Hughes: US Drillers Add Oil Rigs For 12th Straight Week In the midst of an oil-price slump, one area in Texas is enjoying a bit of a boom
(DBN)

U.S. Shale’s Breakeven Myth
(DBN)

Weak crude oil stunts US energy IPOs
(DBN)

Oil Markets Approach Battle Zone
(DBN)

Breitburn equity investors urge mediator for restructuring talks
(DBN)

Get ready for pumped up prices: RBC says oil could surge nearly 20%, and take gas with it
(DBN)

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Retailing:

Stores closing at a record pace as e-commerce chews up retailers America's Retailers Are Closing Stores Faster Than Ever
(DBN)

HHGregg to close all stores after failing to find a buyer
(DBN)

Schafer: Odds are long for retailers that file Chapter 11
(DBN)

This Brand Just Went Bankrupt. Now What?
(DBN)

The Complications That Led To Radio Shack Declaring Bankruptcy For A Second Time In Two Years
(DBN)

Payless, Hhgreggs, Rue21Inc, Online Shopping Is Taking A Heck Of A Bite Out Of Bricks And Mortar
(DBN)

Teen clothing retailer Rue21 preparing for bankruptcy : reports
(DBN)

Vornado's Roth Sees Chance to 'Feed on the Carnage' in Retail
(DBN)

The retail apocalypse is crushing a corner of Wall Street and triggering a downward spiral
(DBN)

It's getting too late to short the retail sector
(DBN)

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Coal:

The Bureau of Land Management’s homepage just went dark. Really dark. Literally as black as coal.
(DBN)

Coal's Itsy-Bitsy Comeback
(DBN)

A Coal Revival but Not Because of Trump
(DBN)

______________

Horse Racing:

Judge OKs plan for Republic Bancorp founder to repay debts from failed track
(DBN)

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Agriculture:

2017 may be 'tipping year' in tightening farm economy
(DBN)

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Healthcare:

Ochsner takes control of offsite ER, after Adeptus Health preps for bankruptcy
(DBN)

Wealthy Americans Live Up to 15 Years Longer Than Poorest: Study
(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 (96 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 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:

Great Debt Unwind: Consumer Bankruptcies Jump, First Since 2010; Commercial Bankruptcies Spike
(DBN)

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Bankruptcy Reform:

Hon. William Houston Brown (ret.)
(DBN)

Hon. Elizabeth L. Perris (ret.)
(DBN)

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Avoidance Actions:

Section 1521(a)(7)’s Restrictions Found Inapplicable to State Law Fraudulent Conveyance Actions
(DBN)

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Insurance:

Minnesota Bankruptcy Court Applies Injury-in-Fact Trigger to Obligate Multiple Policies to Provide Coverage for Sexual Molestation Claims
(DBN)

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Recharacterization:

SCOTUS Asked To Consider Whether Recharacterization Power Arises Under BK Court General Equitable Authority Or State Law
(DBN)

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Environmental:

No Contradiction in Contribution: Tenth Circuit Finds that Bankruptcy Court Approval of Settlement of CERCLA Environmental Claims Does Not Estop Subsequent CERCLA Contribution Claim
(DBN)

Bankruptcy can't wipe out illegal dumping fine, state says
(DBN)

______________

Recent Pleadings:

IT Consultant Ciber Files In DE With Sale Plan
(DBN)

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Shipping:

DSME secures order as creditors discuss bailout
(DBN)

Seadrill crisis spreads to battered South Korean shipbuilders
(DBN)

______________

Bankruptcy Crimes:

Lynchburg man sentenced on bankruptcy fraud charges Lynchburg man gets three months in prison in bankruptcy fraud case
(DBN)

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Hollywood:

Relativity asks 2nd Circ to preserve win against Netflix streaming 2 movies before theatrical release
(DBN)

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Politics:

All of the Times Trump Said, Stay Out of Syria
(DBN)

The Myth of Main Street
(DBN)

How the White House and Republicans Blew Up the House Russia Investigation
(DBN)

Trump finds his niche: fixing problems that no longer exist
(DBN)

______________

Media:

Bankruptcy Bulletin Blamed for Blabbing Bondholders; New York Court Appoints Itself Arbiter of Who is “Legitimate Media”
(DBN)

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UK:

The Insolvency (England and Wales) Rules 2016: some key changes
(DBN)

Companies use 'pre-packs' to dump £3.8bn of pension liabilities
(DBN)

Ex-adviser banned by Insolvency Service over 'misuse of position'
(DBN)

UK watchdog restarts probe into HBOS fraud case
(DBN)

Secret recording reportedly implicates the Bank of England in LIBOR fixing
(DBN)

______________

PIIGS:

Greek bailout talks make major breakthrough on reforms Greek envoys in Brussels to try and break bailout stalemate Eurogroup chief is “positive” on breakthrough in Greek talks Greek Government Celebrates More Austerity Measures Athens Reaches Agreement With Creditors on Bailout Germany says Greece must implement reforms before debt review
(DBN)

Greece's creditors must act to end the gridlock
(DBN)

EU 'should consider billion-euro investment for Greece'
(DBN)

Thousands Across Greece Protest Against New Austerity Measures
(DBN)

Greece to cut corporate tax in 2020 if fiscal targets exceeded
(DBN)

Italy says banks should be given reasonable time to sell bad loans
(DBN)

Senior Bank Creditors Aren't as Safe as Some Think, Danske Says
(DBN)

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Canada:

Companies exit Canadian oil sands
(DBN)

Canadian Natural Resources cuts 400 jobs through attrition
(DBN)

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Australia:

Focus on Australian mines as Peabody beats bankruptcy
(DBN)

Safe harbour defense unveiled: insolvency law reform to save businesses and jobs
(DBN)

Achieving port in an insolvency storm – stays in a safe harbour?
(DBN)

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South Africa:

Durban city bus service on brink of collapse
(DBN)

Rand, Bonds Fall as South Africa Junk Rating Triggers Index Exit Junk for South Africa as Fitch Joins S&P in Cut on Politics
(DBN)

______________

Croatia:

Tens of thousands fear for jobs as Balkan retail giant in crisis
(DBN)

Croatia govt nominates head of Agrokor restructuring process
(DBN)

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Singapore:

An Update On The Restructuring And Insolvency Regime In Singapore: amendments To The Companies Act And Adoption Of JIN Guidelines.
(DBN)

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China:

China tightens collateral rules involving corporate bonds amid rising defaults
(DBN)

Trump is Right: China Not Playing by Rules
(DBN)

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Brazil:

BDO declines to replace PwC at Brazil's Oi restructuring case
(DBN)

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