April 12, 2017

The Daily Bankruptcy News

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Law:

40% of clients say BigLaw senior partners don't understand their businesses
(DBN)

Clerk Jumps To His Death From 10th Floor Of Manhattan Law Firm
(DBN)

Kirkland's Gross Revenue, Partner Profits Hit New Highs Kirkland partner profits break $4m mark after year of double-digit growth
(DBN)

Kirkland London restructuring partner joins KKR spinoff as first general counsel
(DBN)

Baker McKenzie's London profits up £176 million
(DBN)

Firms Announce Flextime Policies. How Exciting.
(DBN)

Calling Out The Boys’ Club
(DBN)

A peculiar alchemy: sizing up the prospects for two of 2017's biggest law firm mergers
(DBN)

New Firm to Focus on International Asset Recovery, Financial Fraud, Cross-Border Insolvency and Financial Services Litigation
(DBN)

Law School Evacuated Over Electrical Fire
(DBN)

Why Lawyers Should Never Use Starbucks WiFi
(DBN)

Machines Are Organizing Legal's Data, But Not Fast Enough
(DBN)

Clients Not Ready to 'Talk to a Robot,' but Jackson Lewis Bets on Automating Compliance Tasks
(DBN)

The Myth of Yesterday
(DBN)

Corporate Counsel Group Issues Law Firm Cyber Guidance
(DBN)

Law Firms Reshuffle Management Teams
(DBN)

These are the 14 most prestigious law schools in Europe
(DBN)

United Airlines: A Great Law Student Hypothetical About Corporate Responsibility Life
(DBN)

The Typewriter, The Phonograph Record, And The Practice And Business Of Law
(DBN)

Law Prof Fired for Harassment Loses Discrimination Suit
(DBN)

Amidst 71% Enrollment Decline, Florida Coastal Seeks To Avoid Fate Of Its Sister Law Schools Arizona Summit And Charleston
(DBN)

Trump to nominate attorney John J. Sullivan to be deputy Secretary of State
(DBN)

Angrily Hanging Up The Phone On Opposing Counsel — Good Idea Or Bad Idea?
(DBN)

Woman sues Missouri city over ordinance evicting her for calling police on abusive ex-boyfriend
(DBN)

New Mexico outlaws ‘lunch shaming’ in law said to be first of its kind
(DBN)

ICE Agents Go From Friend to Foe Sessions Takes Hard Line in Arizona Border Stop
(DBN)

Full bench of 4th Circuit to hear Trump travel ban case in May
(DBN)

Time To Change Your eDiscovery Mindset
(DBN)

Man Upset With $190 Ticket for Having His Snake Off Leash
(DBN)

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Judges:

A Few Predictions for Justice Gorsuch's Bankruptcy Jurisprudence
(DBN)

As the freshman Supreme Court justice, Neil Gorsuch will have 'cafeteria duty' and a few other hazing rituals Neil Gorsuch's Appointment Further Blurs Line Between Law and Politics Welcome to the Supreme Court, rookie
(DBN)

Why Democrats have no regrets after McConnell's ‘nuclear’ blast
(DBN)

The Ginsburg Gamble and the Future of the Supreme Court
(DBN)

Justice Kennedy is said to be mulling retirement; will Roberts be the swing vote? Supreme Court Retirement Talk Focuses on Pivotal Justice Kennedy When will Justice Anthony Kennedy retire?
(DBN)

The Upside Of Being A Supreme Court Clerk
(DBN)

Judge Shot To Death Outside His Home In Apparent Robbery Gone Wrong
(DBN)

He Got Served. What Happened Next Has Former Judge in Hot Seat
(DBN)

Judge Napolitano Now Calls for Jailing ‘Serial Liar’ Susan Rice
(DBN)

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Wall Street:

U.S. stock futures stay in holding pattern as geopolitical risks linger
(DBN)

US Stocks Close Lower As Geopolitical, Policy Uncertainties Weigh
(DBN)

No one is noticing this big red flag for the stock market, says Howard Gold
(DBN)

Wall Street’s ‘fear gauge’ touches 5-month high amid geopolitical angst
(DBN)

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Layoffs:

Bebe Stores Dismissing Hundreds of Employees
(DBN)

Chinese firm halves worker costs by hiring army of robots
(DBN)

Severance pay halted for laid-off Payless employees
(DBN)

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Personal Finance:

Top financial adviser: The fate of your career is 'no longer about a college degree'
(DBN)

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Autos:

Tesla tops GM's market value as investors see Musk as future Tesla's Valuation Is ‘Inexplicable’: AutoNation CEO
(DBN)

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Retailing:

Gymboree Prepares to File for Bankruptcy Ahead of Debt Payment Gymboree Rumored To Be Prepping For Bankruptcy, So Use Your Gift Cards Now Gymboree Set to Be Next Retailer to Seek Bankruptcy Protection
(DBN)

More retail stores have closed in 2017 than at the same point in 2008 'The dominoes are starting to fall': Retailers are going bankrupt at a staggering rate
(DBN)

Lingerie Company Agent Provocateur Places U.S. Assets in Chapter 11
(DBN)

What's Causing the Retail Meltdown of 2017?
(DBN)

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Corporate Governance:

At United Air and Wells Fargo, toxic corporate culture starts with the CEO
(DBN)

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Accounting:

U.S. audit regulator probing leak of confidential inspection information to KPMG
(DBN)

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Personal Finance:

A self-made millionaire shares the money lesson his grandmother taught him over a meal at McDonald's when he was 7
(DBN)

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Debt Collection:

Argument preview: SCOTUS to consider application of Fair Debt Collection Practices Act to debt buyers
(DBN)

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Corporate Reform:

GOP Dodd-Frank rewrite would strip consumer bureau power, give Trump control of director
(DBN)

Trump's message to bankers: Wall Street reform rules may be eliminated
(DBN)

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Aviation:

Republic edges towards bankruptcy exit as judge settles ERJ feud
(DBN)

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Bankruptcy Crimes:

Abby Lee Miller: Headed for Jail?
(DBN)

San Antonio Businessman Sentenced to Federal Prison for Defrauding Personal Injury Clients, Tax Evasion and Hiding Assets from U.S. Bankruptcy Trustee
(DBN)

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Student Debt:

Student Loan Repayment: Fact vs Fiction
(DBN)

New York stands as beacon of hope for debt-ridden college students
(DBN)

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Economy:

BLS: Job Openings "little changed" in February
(DBN)

Trump Overstates Job Creation
(DBN)

Ahead of major decision, Trump struggles to deliver on his trade promises
(DBN)

US Economic Confidence Remains Slightly Positive at +6
(DBN)

Predicting the Next Recession
(DBN)

Global trade will push U.S. economy ahead, forecaster says
(DBN)

NFIB: Small Business Optimism Index decreased in March U.S. small businesses expect continued 2017 growth
(DBN)

This Is What Dimon and Kashkari Are Really Fighting About
(DBN)

Philly Fed: State Coincident Indexes increased in 38 states in January
(DBN)

IMF's Lagarde: protectionist 'sword' hangs over firming growth
(DBN)

Sorry America, Your Taxes Aren’t High
(DBN)

Four Reasons Trump’s Promise of Tax Reform Is Fading Fast
(DBN)

The head of the world's largest hedge fund is sounding the alarm
(DBN)

Dalio: 'I don't think we're going to have a radical change in the economy'
(DBN)

Trump Transition Team Faces Spending Review
(DBN)

Tax reform decoded: What you need to know Think Trump Will Make Your Taxes Easier Next Year? Don’t Get Your Hopes Up
(DBN)

Job Openings Up, Here Come The Wage Rises
(DBN)

Robert Reich: The truth about Trumponomics

Why some families who save constantly are still struggling to make ends meet
(DBN)

During border visit, Sessions outlines tough immigration plan Sessions directs prosecutors to focus on immigration crimes
(DBN)

Why the U.S. Overtaxes Labor
(DBN)

This map shows the 16 countries that will be slammed by the global exporters' crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Indiana Supreme Court Rejects Borrowers’ Argument Bankruptcy Discharge Wiped Out Mortgage Loan, Lien
(DBN)

"Mortgage Rates Hit New 2017 Lows"
(DBN)

Leading Index for Commercial Real Estate Increases in March
(DBN)

Update: Framing Lumber Prices Up Year-over-year
(DBN)

Lending for Commercial Property Falls as Investors Pull Back
(DBN)

Home prices rising, yes, but not as fast as homeowners think
(DBN)

More Americans are now paying their mortgage often, and on time
(DBN)

Vacation home sales plummet in 2016
(DBN)

Public Housing Cuts Have Already Started
(DBN)

This is the one place in America where even doctors can’t buy a home
(DBN)

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Municipalities:

'America's Greece' and its insolvent electric utility Outages increase as Puerto Rico utility crumbles amid crisis
(DBN)

Puerto Rico seen sliding toward bankruptcy as deadline nears
(DBN)

These 3 Scientists Are Saving Puerto Rico’s Most Endangered Species
(DBN)

Puerto Rico Turns to Mediation for Assistance in Solving its Financial Crisis
(DBN)

The Rescue Bill for Puerto Rico Nearly Complete in House Committee
(DBN)

Detroit council earmarks $50M for retiree fund
(DBN)

Buying a $500 House in Detroit: bidding on the soul of my city
(DBN)

Fiscal control board launches RFP for professional fees examiner
(DBN)

Oversight Board hears abundance of ideas on how to fix Puerto Rico’s economy
(DBN)

San Diego: Appeals court upholds initiative ending pensions for city employees
(DBN)

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Oil/Gas:

Rejecting Midstream Agreements in Bankruptcy - the Journey Continues
(DBN)

Saudi Arabia wants OPEC to extend production cuts Oil climbs after reports that Saudi Arabia wants output cuts extended Saudis Cut Deeper In March, Continue To ‘Overcomply’
(DBN)

Oil falls for first time in 6 days amid ample U.S. stockpiles Oil keeps up 7-session rally on hopes of OPEC deal extension
(DBN)

EIA: Expect Record U.S. Oil Production in 2018, Exceeding 1970 Peak
(DBN)

Seadrill: What The Chapter 11 May Mean
(DBN)

Here's how the Syrian conflict could actually send oil prices lower
(DBN)

Is The Oil Price Rally Running Out Of Steam?
(DBN)

JPMorgan Agents Financing to Support Chaparral’s Chapter 11 Exit
(DBN)

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Travel:

United CEO, facing boycott calls, defends booting passenger so crew could take his seat Man dragged off plane: 5 key questions on United's $800 mistake What Not to Do After Your Customer Is Battered Man dragged off United flight breaks his silence, says 'everything' is injured The 69-year-old passenger who was dragged off the United flight has been identified United Airlines ignored an easy solution before dragging a customer off the plane The United Airlines incident shows how few rights you have on a flight People are defending United passenger after reports emerge of his 'troubled past' and CEO calls him 'belligerent' United Airlines is taking a hit after forcibly kicking a passenger off a plane It may be time for United to 're-accommodate' CEO Oscar Munoz United Airlines Tumbles After Social-Media Storm Goes Global A Surprising Number of People Think United Is Not the Villain. Here Are the Worst Takes. Where Was the Pilot On That United Airlines Flight? United Airlines is innocent Petition calls for United CEO to resign after passenger dragged off flight I got bumped from a flight. Then I sued The Real Scandal of That Brutal United Video United CEO: 'No one should ever be mistreated this way' United Airlines says controversial flight was not overbooked; CEO apologizes again Why people will keep flying United even if they don’t want to United’s Quest to Be Less Awful Viral Video May Prove United Misled Feds During 2014 Rule Change Process Cops’ Side of Story About Viral United Passenger Removal Video Gets Even Weirder
(DBN)

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Horses:

City Leaders Battle To Save Bankrupt Kensington Stables In Brooklyn
(DBN)

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Healthcare:

Alliance Medical Holdings Files for Bankruptcy
(DBN)

This is how Obamacare might actually explode
(DBN)

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Shipping:

Rickmers Maritime to wind up after failing to reach deal with lenders Shipping trust Rickmers Maritime bites bullet
(DBN)

DSME's Creditors Struggle to Reach Bailout Agreement
(DBN)

Daewoo Shipbuilding in limbo
(DBN)

Bulker Arrested Over Unpaid OW Bunker Bill Put to Auction
(DBN)

______________

Pensions:

Pension Fund Reforms in the Wake of the Great Recession
(DBN)

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Banking:

Wells Fargo Lawyers Were Too Cost Focused, Report Says
(DBN)

Some top banking executives still see the law as an obstacle rather than a boundary
(DBN)

HBS professor on Wells Fargo: 'Clawbacks are nice but they're not really solving the problem in a deep way'
(DBN)

Here’s The One Thing You Need To Know From Wells Fargo’s 110-Page Scandal Autopsy
(DBN)

Can Wells Fargo Ever Make Amends?
(DBN)

Plenty More Villains at Wells Fargo
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

March Commercial Bankruptcy Filings 2007-17
(DBN)

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Structured Dismissal:

Supreme Court's bankruptcy decision backs priority distributions
(DBN)

Bankruptcy Court Not Authorized to Approve Structured Dismissal of Chapter 11 Case Violating Absolute Priority Rule
(DBN)

Keep On Truckin’: Priority Rules Still Rule in Structured Dismissals
(DBN)

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Automatic Stay:

Emotional Distress Award Upheld in Bankruptcy Case
(DBN)

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Appeals:

It’s Not Final, and That’s Final: The Ninth Circuit’s Gugliuzza Decision
(DBN)

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TIA:

The US Trust Indenture Act, Out of Court Restructurings and the Marblegate Decision
(DBN)

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Pensions:

Don't Mess Around With Government Pensions
(DBN)

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Politics:

Trump’s Travel Spending for One Year Could Surpass Expenses For Obama’s Entire Term Trump Mar-a-Lago Travels Cost About as Much in 10 Weeks as Obama in 2 Years, Report Says The end of Trump Models: an ‘inconsequential agency’ mired by boycotts Trump appears to back away from Steve Bannon in a new interview Trump declines to endorse Bannon, says U.S. ‘not going into Syria’
(DBN)

The FBI has reason to believe that a former Trump adviser was 'an agent of the Russian government' FBI obtained FISA warrant to monitor Trump adviser Carter Page
(DBN)

Mitch McConnell — Still America’s Least Popular Senator
(DBN)

Sean Spicer makes bizarre claim that Hitler never used chemical weapons
(DBN)

The wife of the Alabama governor who just resigned orchestrated his downfall after she caught him cheating Alabama governor’s resignation and guilty plea followed state supreme court order
(DBN)

GOP Vulnerable Passing on Town Hall Events
(DBN)

Crowd shouts 'You lie' at a Congressman who also shouted the same thing at Obama
(DBN)

Republicans hold on to Kansas House seat in a close special election
(DBN)

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Mining:

Cliffs, Chippewa Capital Partners make bids for the former Essar Steel Minnesota
(DBN)

______________

Taxis:

With Uber Limping Around Wounded, Lyft Makes A Deal With Wall Street’s Angel Of Death
(DBN)

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Solar:

US Residential Solar Is Set for a Radical Makeover
(DBN)

______________

Marijuana:

The new White House drug czar has quite an idea for where to put nonviolent drug users
(DBN)

______________

Nuclear:

Toshiba Can’t Shake Its Westinghouse Woes
(DBN)

UK nuclear power plans in meltdown as Japanese owner of £10bn Cumbrian plant fights for survival
(DBN)

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Electricity:

NextEra's Growth Plans Need Either Oncor or an Encore
(DBN)

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UK:

Overhaul of Insolvency Rules in England and Wales – Can Northern Ireland expect the same?
(DBN)

Kobre & Kim Expands Multijurisdictional Insolvency Disputes Capabilities With Senior London Hire
(DBN)

Law firm boosts business recovery and insolvency team
(DBN)

Eversheds Sutherland takes lead role on administration of British fashion chain Jaeger
(DBN)

______________

PIIGS:

Most bad loans in Italian banks do not require quick sale
(DBN)

Monte dei Paschi says new rescue plan will be "radically different"
(DBN)

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Canada:

Wild housing speculation is driving Canada's entire economy
(DBN)

Three in ten Canadians say low interest rates have caused them to take on more debt than they otherwise would have
(DBN)

More than 200 condo buyers may lose homes after development fails
(DBN)

Nortel's toxic legacy: Cleaning up former sites to cost millions
(DBN)

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Japan:

Toshiba's survival in doubt amid Westinghouse troubles Tough times for Toshiba
(DBN)

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Germany:

Germans wanting to aid refugees now at risk of bankruptcy
(DBN)

German Insolvency Reform – Claw-back Due to Willful Disadvantage
(DBN)

______________

Venezuela:

Venezuela default could expose US oil infrastructure to Russian control, lawmakers warn
(DBN)

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China:

China Makes Big Move In Debt-To-Equity SWAPs
(DBN)

HSBC Dims Huishan Investor Hopes
(DBN)

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Germany:

Insolvencies in Germany – New Avoidance Law in Force
(DBN)

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Australia:

Firm backs insolvency reforms
(DBN)

Pre- insolvency business advisers investigated by ASIC and ATO over missing millions
(DBN)

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Singapore:

Debt restructuring talks ongoing: KS Energy bosses
(DBN)

Rickmers Maritime becomes latest Singapore casualty of debt woes
(DBN)

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