April 5, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Reality-Testing Firm Leaders' Financial Projections
(DBN)

Judge Rakoff Sounds Off on Law Firm Billing
(DBN)

Kirkland Among Big Firms Picking Up Payless Bankruptcy Roles
(DBN)

Dewey cooperator grilled over shifting statements to DA
(DBN)

Women and Rejection: Does the dearth of women at the top stem from fear of rejection? Not exactly
(DBN)

Susman Godfrey is sanctioned for wrong line spacing in brief
(DBN)

The 2017 Corporate Scorecard
(DBN)

Will Deal Flow Be an Unexpected Bust in 2017?
(DBN)

The Gender Pay Gap – Don’t We Have Bigger Problems?
(DBN)

UPS Lawyer, Former Big Law Associate Killed in Atlanta Shooting In-House Attorney Shot To Death During Morning Commute Arrest Announced in Midtown Slaying of UPS Lawyer
(DBN)

Top Black Lawyers Share Advice with Young Attorneys of Color
(DBN)

5 Questions to Help Determine If You Will Succeed as a Lawyer
(DBN)

New virtual keypad for lawyers allows insertion of citation phrases and symbols with one click
(DBN)

The Fox News Harassment Scandal Is Looking Worse by the Minute
(DBN)

GSK can't score early win in trial over attorney's suicide
(DBN)

Congress Wants to Slow Asset Seizures
(DBN)

IRS Seized $17M from Innocent Businesses
(DBN)

Law grad who sued for right to marry his laptop loses in one court, gets second chance in another
(DBN)

______________

Judges:

From Cockpit to Courthouse— Bankruptcy Judge A. Jay Cristol
(DBN)

Federal Judge Benchslaps Lawyer For ‘Frivolous,’ ‘Smoke And Mirrors’ Recusal Motion
(DBN)

Top Democrat: Republicans already used the 'nuclear' option with Obama — 'the rest is fallout' Republicans Are Ready to Detonate the Senate Over Neil Gorsuch Senate Republican leader starts clock ticking to Gorsuch showdown Supreme Court Filibuster? A Mirage Since 2013 Senate is running out of compromises to avoid ‘nuclear option’ The Softball Questions From Gorsuch’s Confirmation Hearings Neil Gorsuch accused of plagiarism amid a heated Supreme Court confirmation fight
(DBN)

Does Business Have a Pal in Neil Gorsuch?
(DBN)

Mitch McConnell Admits the ‘Rule’ That Blocked Merrick Garland Is Not Actually a Rule
(DBN)

______________

Wall Street:

U.S. stock futures marooned as traders wait for Fed minutes
(DBN)

Stocks close mostly flat as Trump-Xi meeting approaches
(DBN)

North American deals drive global investment banking fees to ten-year high
(DBN)

______________

Layoffs:

Payless Will Close 400 Stores as It Files for Bankruptcy Protection
(DBN)

Ralph Lauren Closing Fifth Avenue Polo Store, Cutting Staff
(DBN)

There is a jobs crisis brewing that the Trump administration should not ignore
(DBN)

This is how many U.S. jobs robots will create over the next 10 years
(DBN)

?VF laying off 380 employees from JanSport plant near Appleton
(DBN)

______________

Politics:

Trump Donates Salary to Park Service Trump's top supporters are praising a conspiracy theorist who fueled fake news President Trump’s approval rating has tumbled 11 points since March, according to a new poll Trump: Now Just a 35% Approval Rating National Archives: Trump Must Save Tweets Trump blames Obama after Syria chemical attack As U.S. Mulled Airstrikes, Donald Trump Urged Barack Obama Not to Attack Syria
(DBN)

Susan Rice: 'I leaked nothing to nobody’ Why Susan Rice’s Reported ‘Unmasking’ of Trump Officials Raises Very Serious Legal Concerns for Her
(DBN)

Multiple Trump associates 'will probably go to jail'
(DBN)

Bartlett: How Congress Used to Work
(DBN)

President Trump's son-in-law quietly met with Muslim activists and businessmen days before the inauguration, but any hope for collaboration faded after Trump took office
(DBN)

______________

Healthcare:

Ruston Specialty Hospital closing, 167 jobs lost
(DBN)

Hospital stocks are tumbling as House GOP leaders relaunch their bid to repeal and replace Obamacare
(DBN)

Republican Health Proposal Would Undermine Coverage for Pre-existing Conditions Zombie Trumpcare is undead Republicans are picking a terrible time to roll out 'Trumpcare 2.0' Ryan confirms talks underway on health care bill Is zombie Trumpcare actually going anywhere? House GOP Returns to Health Care, but Key Members Are Skeptical New Obamacare Repeal Plan Would Leave the Hard Decisions to the States Ryan dampens hopes for quick revival of U.S. healthcare overhaul Could Health Secretary Tom Price could kill Obamacare from the inside? The new GOP Obamacare replacement could have a fatal flaw How the Revised Bill to Repeal Obamacare Would Work Big majority of Americans want Trump to try to make Obamacare work
(DBN)

50% of Americans Require Little Health Care
(DBN)

______________

Autos:

Deep subprime becomes norm in car loan market, analysts say
(DBN)

Tesla is now the most valuable car company in America
(DBN)

______________

Corporate Reform:

Dodd-Frank Overhaul Vote Unlikely Before Summer, Lawmaker Says
(DBN)

JPMorgan CEO calls for regulatory changes in shareholder letter
(DBN)

Trump nominee to lead SEC moves closer to Senate confirmation
(DBN)

______________

Guns:

Bankruptcy trustee seeks sale of 2,000-plus Lindemuth firearms to pay creditors
(DBN)

______________

Debt Collection:

Collectors Take Note: FDCPA Litigation Over Letters Continues
(DBN)

CFPB Releases Sixth Annual FDCPA Report to Congress
(DBN)

The IRS Is Now Using Private Debt Collectors; Here’s What You Need to Know
(DBN)

______________

Non-Profits:

Families face new challenges after adoption center bankruptcy
(DBN)

______________


Economy:

Half of Americans Live Paycheck to Paycheck
(DBN)

Survey: More Consumers Carry Credit Card Debt from Month to Month
(DBN)

Hiring cools in March after a strong start to the year: LinkedIn
(DBN)

Bond market to the Fed: Show me the goods
(DBN)

The Fed may pause rate hikes once run-off begins
(DBN)

This is what scares Nobel Prize-winning economist Robert Shiller about the economy
(DBN)

Richmond Fed President Lacker says he was involved with Medley leak, announces immediate resignation
(DBN)

Next crisis could come from the shadow banking system, says ex-Fed member Lockhart
(DBN)

US Economic Confidence Index Unchanged in March
(DBN)

Krugman: Trumponomics are as big a bust as Trumpcare
(DBN)

Dimon: 'Something is wrong' Dimon: 'We are creating generations of citizens who will never have a chance' Jamie Dimon Casts A Wide Gaze Over His Kingdom, Senses Unrest
(DBN)

'The most dangerous idea in Federal Reserve history' seems to be making a comeback
(DBN)

What does the federal government spend your tax dollars on? Social insurance programs, mostly
(DBN)

Global debt explodes at 'eye-watering' pace to hit £170 trillion
(DBN)

Trump Administration Considers Far-Reaching Steps for “Extreme Vetting” Travel Industry Warns that Trump’s ‘Extreme Vetting’ Would Be Disastrous Extreme Vetting: Give Contacts and Passwords
(DBN)

Trade Deficit declines to $43.6 Billion in February U.S. trade deficit shrinks as global economy gathers strength
(DBN)

If white America is in ‘crisis,’ what have black Americans been living through?
(DBN)

Paul Ryan’s tax plan depends on Trump not keeping his trade promise
(DBN)

What Americans get wrong about food stamps, according to an expert who’s spent 20 years researching them
(DBN)

Visions of Trump's Border Wall Tearing Down Trump's Potemkin Wall
(DBN)

Cohn tells CEOs Trump probably won’t tax private jets
(DBN)

White House Explores Value Added Tax
(DBN)

Border turns quiet under Trump amid steep drop in arrests
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

House Prices up 7.0% Year-over-year in February
(DBN)

Tappable Equity of U.S Mortgage Holders Since 2004
(DBN)

Habitat for Humanity CEO: Trump budget would be ‘devastating to affordable housing’
(DBN)

Circuit Court Upholds Punitive Damages Eight Times Compensatory
(DBN)

Mortgage applications fall 1.6%, but average loan size hits record high
(DBN)

____________

Municipalities:

IL: Bill to name municipalities in financial distress goes nowhere
(DBN)

Tony Saunders leaving Wayne County to start turnaround firm
(DBN)

In Defense of Detroit Motor City
(DBN)

Coming back from bankruptcy: How Detroit is reaching economic stability
(DBN)

______________

Oil/Gas:

Borrowing Base Redeterminations Survey
(DBN)

Banks expected to lift credit lines for U.S. oil companies
(DBN)

Seadrill Ltd Bankruptcy Warning Sends Stock Plummeting Seadrill Warns of 'Likely' Bankruptcy Filing in U.S. or U.K. Seadrill warns of 'likely' bankruptcy filing Seadrill: burning platform Seadrill Plunges for Second Day Amid Speculation Over Bankruptcy
(DBN)

Shares of This Once $23 Billion Oil Company Just Cratered 54%. Here’s Why
(DBN)

Oil rises, near one-month high; U.S. crude stocks seen down Oil Jumps On Growing Support For OPEC Deal Extension
(DBN)

Gulf Of Mexico Breakeven Falls Below $50 Per Barrel
(DBN)

China Has Replaced Canada as the Top Buyer of U.S. Crude
(DBN)

Crude price climbs to four-week high
(DBN)

Tanker Traffic Points to Tighter Oil Market
(DBN)

Former workers aren't flocking back to the oilpatch
(DBN)

______________

Retailing:

The retail apocalypse is killing fashion as we know it Ralph Lauren Is the Latest Fashion Victim in a New Era for Retailers Ralph Lauren is shutting down more stores
(DBN)

Reis: Mall Vacancy Rate mostly unchanged in Q1 2017
(DBN)

Payless ShoeSource is filing for bankruptcy Payless ShoeSource files for Chapter 11 bankruptcy Payless seeks bankruptcy court protection, 400 stores to close Payless Files for Bankruptcy in St. Louis Payless Shoes Has Filed For Bankruptcy, But Don't Panic Just Yet Shoe Retailer Payless Files for Bankruptcy Critical Vendor Dec
(DBN)

The death of brick-and-mortar retail could hit these 9 companies hard in 2017
(DBN)

America is ‘over-stored’ and Payless ShoeSource is the latest victim
(DBN)

______________

Food/Beverage:

Houston: Down House is the Latest Player in Treadsack's Bankruptcy Bowl
(DBN)

San Antonio brewer files for bankruptcy
(DBN)

______________

Celebs:

"Real Housewives" star blasts atty's bid to stay malpractice dispute
(DBN)

Tamara Mellon on pay equity, bankruptcy and company relaunch
(DBN)

______________

Student Debt:

You Can’t Rely On Your Student Loan Servicer To Tell You The Truth
(DBN)

What JPMorgan CEO Dimon gets wrong about the student debt crisis
(DBN)

______________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (83 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

Bankruptcy Statistics:

Buffalo: Bankruptcy filings flat through March
(DBN)

______________

Structured Dismissal:

Structured Dismissals in Deviation of Bankruptcy Code Priority Scheme
(DBN)

SCOTUS Holds That Bankruptcy Courts Lack Power to Utilize Structured Dismissals in Violation of Priority Rules
(DBN)

Jevic: Supreme Court Dismisses Priority-Skipping in Structural Bankruptcy Exits
(DBN)

______________

Bankruptcy Rules:

BK MD FL Seeking Comments On Proposed LR Amendments
(DBN)

______________

Mediation:

How Frequently Does Malpractice Occur in Mediation?
(DBN)

______________

Involuntary Bankruptcy:

Caveat creditor: Risks of filing an involuntary bankruptcy
(DBN)

______________

TBTF:

JPMorgan's Dimon: 'Too big to fail has been solved'
(DBN)

______________

Avoidance Actions:

5th Cir. Holds Wage Garnishment Served More Than 90 Days Before Bankruptcy Is Avoidable Transfer
(DBN)

______________

Agriculture:

McM Inc. trustee manages calving, corn harvest
(DBN)

______________

Education:

Dowling College Oakdale Campus to be auctioned Tuesday
(DBN)

History Suggests Bankruptcy Is Untenable for Distressed IHEs
(DBN)

______________

Nuclear:

Apollo Gains on Wall Street With Westinghouse Bankruptcy Loan
(DBN)

Engie stake sale deepens doubts over UK nuclear project
(DBN)

Trump officials alarmed Chinese may bid for Westinghouse unit

Westinghouse's Boat to China Has Sailed
(DBN)

Toshiba's Westinghouse fired chairman two days before bankruptcy filing
(DBN)

______________

Coal:

Peabody makes fresh U.S. stock debut after bankruptcy exit
(DBN)

Trump declares end to 'war on coal,' but utilities aren't listening
(DBN)

US coal companies ask Trump to stick with Paris climate deal
(DBN)

Even Under Trump, a U.S. Coal Giant Plots Cautious Comeback Plan
(DBN)

______________

Aerospace:

Carlyle Group's Sequa Corp. Kicks Off Debt Restructuring
(DBN)

______________

UK:

Insolvency Rules - Calculation of Time Periods
(DBN)

Insolvency Rules - Applications and After Acquired Property
(DBN)

Supreme Court confirms limitations on scope of solicitors’ duties
(DBN)

Bankrupt Agent Provocateur will leave unpaid debts of £20 million
(DBN)

______________

EU:

Dimon fears 'devastating economic and political effects' if EU splits apart
(DBN)

Eurozone activity gauge hits nearly 6-year high
(DBN)

Europe's Addiction to Bailing Out Banks
(DBN)

EU finance ministers to ponder Europe's bad-loan problem
(DBN)

______________

PIIGS:

Deal on Greek bailout possible, needed in coming weeks Greece Needs More Official Debt Relief—But How Much and at What Price? Thousands of Greek pensioners protest against cuts as more austerity looms
(DBN)

______________

Australia:

The Incidence and Causes of Personal Bankruptcy in Australia
(DBN)

Insolvency safe harbour reforms back on the agenda, but more work needed
(DBN)

______________

Nigeria:

NCAA pushing Nigeria’s domestic airlines towards insolvency – Airline operators
(DBN)

______________

India:

The Scheme of Arrangement as a Debt Restructuring Tool in India: Problems and Prospects
(DBN)

______________

Japan:

In Japan, zero public companies went bust in 2016, but critics say ‘zombie’ firms hurt the economy
(DBN)

Why Zero Japanese Bankruptcies May Be a Problem
(DBN)

Toshiba asks creditors for loans
(DBN)

______________

Ukraine:

More Thoughts on Ukraine
(DBN)

_____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017