April 13, 2017

The Daily Bankruptcy News

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Law:

Chadbourne Partner Seeks to Block Firm's Vote to Oust Her • Partner Asks Judge to Halt Chadbourne Expulsion Vote Amid Gender Bias Case
(DBN)

Pay Raise Watch: It’s Never Too Late
(DBN)

United passenger dragged off plane hires high-profile personal injury lawyer
(DBN)

Dewey’s Former GC on the Crisis at United Airlines
(DBN)

Frost Todd Appoints New Bankruptcy Partner
(DBN)

Adams & Reese Opens Atlanta Office With Bankruptcy Partner In Charge
(DBN)

How Davids Can Get Business From Goliaths
(DBN)

In Light of United's Overbooking Fiasco, Who's Leading the Legal Department?
(DBN)

What a Drag: Lawyers Tweet About United Airlines' Passenger Pull
(DBN)

Doctor dragged off plane hits back at United in court
(DBN)

Should Firms 'Out' Lawyers on the Work/Life Balance Track?
(DBN)

Gardere Reports 'Solid' Financials for 2016
(DBN)

Defense: Ex-Sutherland Partner Incompetent to Stand Trial on Fraud Charges
(DBN)

Lurking under the surface of the traditional legal world there is another world — a strange and rapidly shifting world of alternative legal companies
(DBN)

Judge Axes Hagens Berman Fee Request in VW Case By 90%
(DBN)

The Employability Of Older Women Has Struck A Nerve
(DBN)

Law Firms Need To Market Their Knowledge And Use Of AI
(DBN)

In Consumer Bureau Showdown, it’s Trump’s DOJ versus . . . Trump’s DOJ
(DBN)

Attention D.C. Attorneys! It’s Time to Switch To ‘Happy Law’
(DBN)

Hawaii asks to go straight to 9th Circuit en banc review of Trump travel ban preliminary injunction
(DBN)

Most Law Schools Did Horrendously On This State’s Bar Exam
(DBN)

My 5 favorite iPhone games to play during my commute
(DBN)

Ft. Worth Police Catch 'Cool Hand Luke'
(DBN)

Melania Wins Damages from Daily Mail • Melania Trump Nets Millions, Apology in Daily Mail Settlement
(DBN)

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Judges:

John Roberts, Silent During The Garland Process, Suddenly Worries About Partisanship
(DBN)

The Chief Justice’s Idealistic View Of Life On The Supreme Court
(DBN)

Partisan Confirmation Battles Do Disservice to U.S. Supreme Court Nominees, Roberts Says • Chief justice says partisan confirmation battles create ‘real danger’ for Supreme Court
(DBN)

So Awkward! What to Do When a Justice Butchers a Pronunciation From the Bench?
(DBN)

Democrats face uphill fight if Trump gets second U.S. high court pick
(DBN)

If Gorsuch is like his colleagues, he’ll constantly interrupt the female justices
(DBN)

Rather Than Facing Trial, Defendant Commits Suicide At Courthouse
(DBN)

Don’t Do What This Judge (Allegedly) Did
(DBN)

US Judges Pulled From Border with Mexico
(DBN)

Trump’s Chance to Fill Lower Court Vacancies Rest on Bipartisanship
(DBN)

Pioneering New York judge’s body found in Hudson River • United States' first female Muslim judge found dead in Hudson River
(DBN)

The Broken Supreme Court
(DBN)

Police arrest alleged getaway driver in fatal shooting of Chicago judge
(DBN)

TX: Allows Recusals for Gay Marriage License
(DBN)

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Wall Street:

Futures point to lower open on Wall Street on Trump's dollar comments
(DBN)

Stocks close lower as Trump keeps Wall Street nervous; dollar drops sharply
(DBN)

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Layoffs:

Lawsuit claims bankrupt Aquion Energy fired workers without notice
(DBN)

Evant Inc., care provider for 24 Summit County group homes, going out of business, terminating 200 jobs
(DBN)

Layoffs Up Month-over-Month, but Trending Lower Overall
(DBN)

Payless Delays Severance Pay For Employees Until At Least May 9
(DBN)

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Corporate Reform:

Hensarling to Propose Dodd-Frank Replacement in Coming Weeks
(DBN)

Republicans propose drastic overhaul of Dodd-Frank and CFPB
(DBN)

Waters: Republican proposal to overhaul Dodd-Frank kills most important parts
(DBN)

Heritage Study Says Dodd-Frank Repeal Could Give Economy $340 Billion Boost
(DBN)

CFPB hearing proves consumer finances are at risk again
(DBN)

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Shipping:

Korean Shipbuilder's Survival Hinges on Creditors' Losses
(DBN)

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Nuclear:

Westinghouse bankruptcy could grind US nuclear sector to a halt
(DBN)

Regulators Hold Hearing on SC Nuke Project Amid Bankruptcy
(DBN)

Nuclear construction shutdown among options amid bankruptcy
(DBN)

Nuke plant unaffected by Westinghouse bankruptcy
(DBN)

SCE&G shows hand in Westinghouse bankruptcy standoff
(DBN)

Toshiba Still Struggling With Westinghouse • Toshiba's Slide Into Obscurity
(DBN)

Nuclear construction shutdown among options amid bankruptcy
(DBN)

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Retailing:

Gymboree On The Verge of Bankruptcy Filing • As Rumors Swirl of Bankruptcy, You’d Better Use Up Your Gymboree Gift Cards
(DBN)

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Food/Beverage:

Bankruptcy Watchdog Troubled By Rupari Ch. 11
(DBN)

Joe's Crab Shack, Brick House Tavern restaurant chains reportedly for sale
(DBN)

Submarina Still Docked in Bankruptcy Court
(DBN)

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Involuntary Bankruptcy:

The Involuntary Bankruptcy Petition Sword
(DBN)

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Valuation:

Bankruptcy Court Rejects Yield Capitalization Method in Determining the FMV of an Unbranded Extended-Stay Hotel
(DBN)

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Cross-Border:

Second Circuit Addresses Limited Scope of Chapter 15 of the Bankruptcy Code
(DBN)

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Priority Claims:

Delaware Weighs in on Split in Authority Regarding Amount of Severance Pay Entitled to Priority Status
(DBN)

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Veil Piercing:

Texas Bankruptcy Court Holds That Reverse Veil Piercing Is Not an Independent Claim Under Texas Law. Rather, It Is a Remedy That May Be Granted in a Successfully Established Independent Claim
(DBN)

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Bailment:

Cropped Out: Bankruptcy Court Construes Alleged Bailment Agreement as Disguised Financing
(DBN)

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Chapter 13:

Balloon Payment Will Not Pop Chapter 13 Plan
(DBN)

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Laches:

Debtor Established Valid Defense of Laches Against Creditor’s Motion to Dismiss under § 707(a)f
(DBN)

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Coal:

Peabody Energy: How To Earn 4992% Annualized
(DBN)

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Economy:

Household Debt Balances and Borrower Demographics Shift Since 2008
(DBN)

Corporate debt is at new highs, and these companies owe the most
(DBN)

US Deficit Was $176 Billion in March
(DBN)

The government reported a 4.5% unemployment rate, but here's the realistic number
(DBN)

Dollar remains under pressure after Trump says it’s too strong • Trump comments trigger U.S. dollar, bond yield slide • Donald Trump wants everything about America to be strong. He just announced one big exception. • Trump's Yellen and dollar comments may be clues about how he would tackle tax reform
(DBN)

Trump Keeps Promise Not to Touch Social Security Reform – Or Did He?
(DBN)

Trump backs off fiscal pledges and adopts centrist policies that he once fought • 3 big ways Trump is starting to sound like Obama on the economy • Trump just changed his mind on several major issues • Trump's Six Big Flip Flops on Wednesday
(DBN)

Small Business Optimism Index Since 1986
(DBN)

Trump Wants to Sell Unused Federal Buildings
(DBN)

These companies should be worried about wage growth
(DBN)

These Are the Highest-Paying Companies in America
(DBN)

Credit card debt hits $1 trillion • The Trillion-Dollar Card Question
(DBN)

Trump Budget Director Admits Their Goal Is High Inequality, Not Low Deficits
(DBN)

U.S. government posts $176 billion deficit in March
(DBN)

Trump objects to terminology of border adjustment tax
(DBN)

Trump says Congress should repeal Obamacare before tackling tax code overhaul • Trump aims to squeeze Democrats into health-care negotiations
(DBN)

Paul Ryan’s tax cuts for the rich could cost poor countries big, Oxfam says • Tax Reform Debate Moves from Paul Ryan
(DBN)

Americans Are More Positive About Their Taxes This Year
(DBN)

A Shutdown Just Became Much More Likely
(DBN)

White House Calls for Deep Agency Cuts
(DBN)

Where Do Your Tax Dollars Really Go?
(DBN)

Why more men will soon find themselves doing ‘women’s work’
(DBN)

Share of married Americans is falling, but they still pay most of the nation’s income taxes
(DBN)

Politicians Keep Ruining Your Retirement
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Bank of America Protests Bankruptcy Judge's $45 Million Fine In Homeowner Case
(DBN)

Circuit Split Developing over Modification of Mortgages on Mixed -Use Properties
(DBN)

Neither Expired Commercial Lease Nor Holdover Tenancy Is Property of Bankruptcy Estate
(DBN)

Right of First Refusal Survives Bankruptcy Where Seller Failed To Give Notice of Sale
(DBN)

Buying a home still beats renting, even as house prices rise • Why More People Are Choosing Renting over Buying • Renters are staying put. Here's why
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Mortgage Rates below 4% Again?
(DBN)

Housing Trends Will Keep U.S. Interest Rates Suppressed
(DBN)

Freddie Mac: Renters say they expect to stay where they are
(DBN)

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Municipalities:

Bank of New York Mellon : Puerto Rico Creditor Sues BNY Mellon Over Sales Tax Bonds • Puerto Rico COFINA bondholder sues trustee Bank of New York
(DBN)

Puerto Rico governor, oversight board sued over planned pension cuts • Puerto Rico union sues to block pension cuts
(DBN)

Reviving the American dream in Puerto Rico through entrepreneurship
(DBN)

From bad to worse for Puerto Rico
(DBN)

As deadline nears, Puerto Rico seeks solutions to fiscal crisis
(DBN)

Puerto Rico Announces Restructuring Agreement With Some Bondholders, But Broader Fiscal Crisis Remains
(DBN)

How Detroit Deadbeats Taught Tax Collectors That Threats Really Work
(DBN)

AL: County faces bankruptcy without sales tax
(DBN)

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Oil/Gas:

Ultra Petroleum completes in-court restructuring, emerges from Chapter 11 • Ultra Petroleum emerges from bankruptcy after nearly a year • Ultra Petroleum Exits Bankruptcy With $3 Billion New Financings
(DBN)

Delaware Court Approves Plan Releases for 'Aggressive' First Lien Lenders Following Second Bankruptcy Filing
(DBN)

U.S. Shale Investment Is Back on the Upswing
(DBN)

OPEC slashes output in March, expects shale comeback
(DBN)

IEA says global oil market now close to balance
(DBN)

Will Shale Kill Off The Oil Price Rally Again?
(DBN)

Risk of Major Oil Outage Grows Substantially
(DBN)

Oil Prices Slip Despite Draw In Crude, Gasoline Inventories
(DBN)

Crude oil inventories take a bullish dip
(DBN)

Bankrupt Swissco looks to pocket $7m from offshore vessel sale
(DBN)

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Travel:

United is rebounding from its PR nightmare selloff • Americans being forced off planes against their will is actually a regular thing • United CEO Oscar Munoz is apologizing, but it'll take more than saying sorry to regain public's trust • United passenger gets second helping of humiliation • United's Unfriendly Skies • Don’t Bet on Cheaper Airfare After United’s Scandal • United Passenger Dao Speaks Out • United Passenger Lawyers Up, Will Likely ‘Re-Accommodate’ Airline In Court • United Airlines Promised Federal Regulators That All Ticketed Passengers Are Guaranteed Seats • Millions Spent Fighting Passenger Protections • United is about to hit more turbulence • United Airlines Is Not Alone • Can Airlines Really Do That? Bumping and the Law: QuickTake Q&A
(DBN)

'Delta paid me $11000 not to fly to Florida'
(DBN)

Delta Air beats Wall Street profit estimates
(DBN)

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Politics:

The Swamp Is Rooting for Kushner
(DBN)

Classified Documents Contradict Nunes Spy Claims • FBI Got FISA Court Order to Monitor Trump Aide • Devin Nunes and the Ethics Watchdogs
(DBN)

Why Americans Vote Against Their Interests
(DBN)

The Far Right Walks Back from the Ledge
(DBN)

Can the G.O.P. Turn Back the Tide of Town Hall Anger? • GOP Torching at Town Halls Continues
(DBN)

Trump's deals south of the US-Mexico border wall
(DBN)

Congressional Watchdog to Examine Trump’s Post-Election Spending
(DBN)

Trump Tops Other Presidents . . . In Weekend Getaways
(DBN)

Trump just broke with two more presidential norms
(DBN)

Trump’s tax returns will be immediately under audit
(DBN)

Congressman Tells Voters They Don't Pay His Salary
(DBN)

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Agriculture:

Agricultural Cooperative Associations Owe 'Special Circumstances' Duties to Creditors upon Insolvency, Bankruptcy Court Says
(DBN)

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Autos:

How Elon Musk Crushed Detroit • Bob Lutz: Musk's Business Model is Doomed
(DBN)

Have the Good Times Ceased to Roll?
(DBN)

GM Idles Truck, SUV Plants for 10 Weeks
(DBN)

Transtar Completes Restructuring, Emerges From Chapter 11
(DBN)

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Student Debt:

DeVos Ends Student Loan Protections • DeVos undoes Obama student loan protections; defaults expected • Betsy DeVos Just Made It Harder to Pay Back Your Student Loans • Whose Side Is Betsy DeVos On?
(DBN)

College is Now Free in Two Expensive States
(DBN)

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Healthcare:

Halt Medical, Maker of Fibroid Treatment Acessa, Files for Bankruptcy
(DBN)

Urologists leave financially troubled company; Naples patients left wondering
(DBN)

Plurality of Voters Back Single-Payer Health Care System
(DBN)

President Trump threatens to cut Obamacare subsidies • Health Groups Warn of Higher Costs if ACA Subsidies Not Financed • Freedom Caucus Leader: ACA Gone in Weeks
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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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Proofs of Claim:

Filing of Claims in Bankruptcy Proceedings
(DBN)

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Avoidance Actions:

Tribune 2: No Actual Fraud Imputation in Avoidance Litigation Absent Control by Corporate Actors
(DBN)

Avoiding Judicial Liens: Existing But Unenforceable v. Nonexistent
(DBN)

Chapter 7 Trustee Can 'Step into the Shoes' of the IRS and Avoid Transfers Occurring 10 Years Before Bankruptcy Filing
(DBN)

Dead Meat: Bankruptcy Court in Delaware Considers Ability to Set Off an Administrative Expense Claim Against Preference Liability
(DBN)

DE Bankruptcy Court Dismisses Preference Complaint Against Former Insider
(DBN)

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SCOTUS:

Supreme Court Will Decide Standard of Review on Appeal in Insider Dispute
(DBN)

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Interest:

How Much Post-petition Interest Is Too Much Interest for an Oversecured Creditor?
(DBN)

Ninth Circuit Overrules Decades-old Entz-White Decision, Finds That Lenders Are Entitled to Default Interest Under Plan of Reorganization
(DBN)

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Jury Trial:

Right to a Jury Trial in a Bankruptcy Proceeding
(DBN)

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Class Actions:

Class-Action Waivers in Arbitration Agreements Are Not So Fresh & Easy
(DBN)

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Lender Liability:

Bankruptcy Court Rejects Debtors' Claims Against Lenders
(DBN)

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UCC:

Court Finds That Utility Refunds Are a General Intangible
(DBN)

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Receivers:

The Difference Between Bankruptcy & Receivership Payment of Legal Fees to Defend Fee Applications
(DBN)

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Fraud:

2 more Birdsall execs plead guilty
(DBN)

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Cross-Border:

Chapter 15 Inapplicable Unless "Foreign Representative" Seeks Enforcement of Foreign Insolvency Court's Order
(DBN)

Singapore, Delaware, and New York Courts Adopt Cross-Border Insolvency Cooperation Guidelines
(DBN)

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Pharma:

Drug firm that makes wearables files for bankruptcy • Unilife files for Chapter 11 bankruptcy
(DBN)

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Construction:

Customers in the middle of pool construction or a remodel are left high and dry
(DBN)

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Electricity:

Texas poised to kill Oncor's $18 billion sale to Florida energy giant • Ten years after record buyout, Texas power giant Oncor still looking for a home
(DBN)

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Taxis:

New numbers show just how much New York's taxi cab owners have lost thanks to the ascendance of Uber and Lyft
(DBN)

Uber reportedly used secret software called ‘Hell’ to track rival Lyft drivers
(DBN)

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Magazines:

SmartCEO shuts down operations after announcing Charlotte award winners for upcoming event
(DBN)

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Solar:

Investors finding solar gems in 'carcass' of bankrupt SunEdison
(DBN)

In the Market for a Solar Farm? SunEdison Has Some for Sale, Cheap
(DBN)

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UK:

Student loan interest rates set to rise by 33 per cent
(DBN)

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PIIGS:

Stop Pretending on Greek Debt
(DBN)

Archbishop Ieronymos sees creditors as thorn in premier's side
(DBN)

Monte Paschi CEO says EU demands radical restructuring plan
(DBN)

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Canada:

Alberta Courts Confirm Restructuring Transactions with Select Creditors Not Oppressive and Comment on Availability of the Oppression Remedy in CCAA Proceedings
(DBN)

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Australia:

Builton creditors left with nothing
(DBN)

Safe Harbour and Ipso Facto insolvency law reforms - What you need to know
(DBN)

One in three Australian home loans at risk, Reserve Bank warns
(DBN)

Australia faces a one-in-three chance of a recession next year: Minack
(DBN)

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Croatia:

Crisis at Croatia's Agrokor poses threat beyond creditors
(DBN)

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Africa:

Arik Air owes local, foreign creditors N387bn, says AMCON
(DBN)

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Brazil:

Brazil's Oi offers custom mobile plan to recoup market share
(DBN)

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China:

Mountain of debt looms large over China's vulnerable economy
(DBN)

China's $1.4 Trillion Debt Wall Seen Forcing Issuance Recovery
(DBN)

China's 'Trial of the Century' Spotlights Changes in Legal Profession
(DBN)

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India:

Bankruptcy code a blessing for creditors as well as promoters
(DBN)

India's bankruptcy code is 'pretty darn good', says Kohlberg Kravis
(DBN)

Secured Lending In India
(DBN)

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Malaysia:

Humanizing the insolvency law
(DBN)

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Singapore:

Singapore Enacts New Corporate Bankruptcy Law to Promote International Debt Restructuring
(DBN)

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Nigeria:

Restructuring & Insolvency In Nigeria
(DBN)

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Japan:

Toshiba slides again as chip unit sale looks to hit a hurdle
(DBN)

Toshiba at increased risk of losing listed status, say experts
(DBN)

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