February 14, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: More Word From The West Coast
(DBN)

Top Firms Get Richer In Otherwise Poor Year For The Legal Industry
(DBN)

This law firm has ousted Skadden from top spot in BigLaw brand survey
(DBN)

Layoff Watch: 150 To 200 Jobs Is A Lot Of Jobs • K&L Gates - About 200 Staff Cut
(DBN)

New York Law Firm Renews Midtown Lease
(DBN)

Crowell & Moring Sees Big Lift in Profits, Revenue
(DBN)

Yale and Harvard Law Deans Pull No Punches in Op-Ed on Trump
(DBN)

In Transgender Restroom Fight, Trump's DOJ Sides With Bathroom Bigots
(DBN)

Cadwalader revenue shrinks 2.5% following office closures and partner exits
(DBN)

Technology brings down office space needs at lawyer offices in NYC skyscraper
(DBN)

K&L Gates cuts staff across offices • K&L Gates reportedly lays off several staffers
(DBN)

Law Firm Love Story: Tale of Two Partners
(DBN)

Protecting Your Secrets (Part 3)
(DBN)

HSF sues partners leaving with £20m combined revenues for White & Case
(DBN)

Company wants to void indicted lawyer Robert Graham’s malpractice insurance
(DBN)

Trump’s Immigrant Ban and the Legal Fight Over It: QuickTake Q&A • Can an army of lawyers stop Trump's mass deportations? • Impulsiveness, Law, and the Immigration Order • Washington AG Will Use Discovery To Delve Into The Motives Behind The Travel Ban • Will Rudy Giuliani's Loose Lips Sink the Travel Ban for Good? • Federal judge rejects Justice Department's bid to stop court proceedings on travel ban • Trump Order Victims are Being Tracked by This Law Firm • The Ninth Circuit’s Contrived Comedy of Errors in Washington v. Trump
(DBN)

5 simple ways to spot a liar at work
(DBN)

Shhh! How To Actually Keep A Secret
(DBN)

Dylann Roof asks for new trial in Charleston shooting
(DBN)

Trump is making plans to 'go after' voter fraud
(DBN)

Babysitter Accused of Using Kids in Bank Robbery Sentenced to Six Years
(DBN)

After litigating divorce settlement for more than a decade, imprisoned Gary Peel loses appeal
(DBN)

600 rabbis and cantors sign letter opposing Trump’s Israel envoy, bankruptcy lawyer David Friedman
(DBN)

A group of nearly 200 police chiefs slammed Trump’s 'law and order' crime plan
(DBN)

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Judges:

‘Disheartening’? Some liberals warm up to Trump Supreme Court pick. • Democrats’ Quandary on Gorsuch: Appease the Base or Honor the Process
(DBN)

Morning Joe stunned by Stephen Miller’s ‘anti-constitutional’ claims about courts • 'The White House has got to stop embarrassing themselves by putting this guy on': Scarborough roasts Trump adviser

State bills would give lawmakers the power to overrule court decisions on constitutional issues
(DBN)

Judge is suspended for photoshopped campaign ad that was ‘in every sense, materially false’
(DBN)

Judges feel undervalued and underpaid, survey reveals
(DBN)

Ruth Bader Ginsburg Speaks Out Again: ‘Disheartened’ By Effort to Restrict Borders
(DBN)

This Judge Took 32 Pages to Declare That Snuggies Aren’t Clothing
(DBN)

On anniversary of Scalia's death, will his legacy live on in Neil Gorsuch? • Review: None of Gorsuch’s opinions overturned by Supreme Court
(DBN)

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Wall Street:

US stock rally takes a breather
(DBN)

Global Shares Mostly Lower as Investors Await Yellen Remarks
(DBN)

U.S. stocks close at records led by financials, industrials • S&P 500 tops $20 trillion as Wall Street trades on Trump
(DBN)

The S&P 500 is worth $20 trillion for the first time
(DBN)

Trump's trade-war mongering is starting to rattle Wall Street
(DBN)

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Layoffs:

Credit Suisse to Eliminate 5500 Jobs in Latest Cost-Cutting Drive
(DBN)

University of Phoenix laying off full-time faculty; 170 could be impacted
(DBN)

Fidelity laying off 98 in TX
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

These lawyers may have discovered a way to wipe away student debt in bankruptcy
(DBN)

Haunted by Student Debt Past Age 50
(DBN)

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Retailing:

Reports: womens clothier nears bankruptcy
(DBN)

Will Sears finally sell land and stores as it prepares to cut costs, save $1B?
(DBN)

Sears Revival Promises: Beware The Zombie Apocalypse
(DBN)

Bankrupt Wet Seal Seeks To Auction Off Name, Other IP
(DBN)

DirectBuy Approved For Sale To Chinese PE In Del. Ch. 11
(DBN)

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Politics:

Krugman: Ignorance Is Strength • National Insecurity: Intel Officials Increasingly Worried About Trump • Sanders, Tapping Anti-Trump Discontent, Hits White House • Damage Control at the White House • Is the FBI taking the Russian dossier about Trump more seriously? • Democrats seek probe into Trump adviser Flynn's Russia call • Donald Trump requested 64 foreign guest workers for his “winter White House” • How Condé Nast Learned to Love Tangling With Trump • 'This is how Trump deals with your secure information' • Archbishop: Amazing 'how hostile the press is to everything the president does'
(DBN)

Ivanka Trump ‘scolded’ Kellyanne Conway for ‘dragging her brand into an ethics mess’: report • Burlington is the latest retailer to drop Ivanka Trump's brand online • How Kellyanne Conway is still in hot water over Ivanka brand promotion
(DBN)

Voters Don't Like Cutting Corporate Taxes
(DBN)

Flynn Resigns • Lawmakers say Russia controversy does not end with Michael Flynn
(DBN)

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Personal Finance:

The No. 1 money lesson to teach your kid, according to a mom of 3 who's been writing about finance for nearly 30 years
(DBN)

The 22 best places to live in America if you want to make a lot of money
(DBN)

7 hacks to cut the cost of your vacation
(DBN)

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Fuel Oil:

Yonkers-based Petroleum Kings files for bankruptcy
(DBN)

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Pharma:

Congress is going after another drugmaker for pricing a decades-old drug at $89,000 • Grassley Opens Probe Into Orphan Drug Act Abuses
(DBN)

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Hospitality and Leisure:

Texarkana Convention Center Could Soon Change Hands
(DBN)

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Mass Torts:

With Obama's veto threat gone, asbestos 'double-dipping' bill reintroduced
(DBN)

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Corporate Reform:

It's confirmed: CFPB doesn't need to follow Trump's executive order on regulations
(DBN)

The Watchdog Protecting Consumers May Be Too Effective
(DBN)

Trump’s promised regulatory reform is already well underway
(DBN)

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Agriculture:

Farmers May Be Struggling, but They Enjoy a Generous Safety Net

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Debt Collection:

Florida woman’s lawsuit against debt collector outside the norm
(DBN)

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Economy:

Janet L. Yellen will go to Congress today. This is what she'll face. • This is what markets want to hear as Congress grills Yellen • Janet Yellen is facing a whole new world, and it starts Tuesday
(DBN)

Fed Hike In March Possible
(DBN)

World's Biggest Debt Market Faces Huge Test From Trump
(DBN)

2 questions Yellen won’t be able to dodge on Capitol Hill this week
(DBN)

Percent Job Losses in Post WWII Recessions
(DBN)

Should America Be 'Fed Up' with the Fed?
(DBN)

Dollar index hits three-week high on hopes of U.S. tax cuts
(DBN)

Hotels: Solid Start to 2017
(DBN)

Steve Mnuchin’s Problem With Math • Steven Mnuchin confirmed as Treasury secretary after fierce opposition by Democrats • Mnuchin, bruised by hearings, heads for new battles
(DBN)

Intel CEO reveals what it is really like to meet with President Trump in the White House
(DBN)

Trump may finally bring paid parental leave to America this year
(DBN)

Donald Trump just can’t get along with a hugely important American industry
(DBN)

Goldman simulations point to a problem for global growth: The Trump White House
(DBN)

'Buy America' Push Tests Steel Industry •Is Trump's plan to revive US steel a pipe dream?
(DBN)

Trump rebukes Mexico again after meeting with Canada's Trudeau • Border tax didn't come up in Trudeau's meeting with Trump, Canada's finance minister says
(DBN)

Commerce Nominee Wilbur Ross Will Keep His Stake in Chinese-Government-Backed Company
(DBN)

Why the U.S. Could Suffer Deeper Economic Shock Than China in a Trade War
(DBN)

Some of the biggest US companies have their eyes on one of Trump's policy promises
(DBN)

Staying close to home could be the smartest financial decision millennials make
(DBN)

'I'm just doing what I said I would do': Trump defends controversial immigration steps so far
(DBN)

Animated map shows the most and least educated US states
(DBN)

Elon Musk doubles down on universal basic income: 'It's going to be necessary'
(DBN)

Mexican foreign minister: No rise in deportations of Mexicans from US — yet • Mexico ready to retaliate by hurting American corn farmers
(DBN)

Why Black Americans Stay Poor
(DBN)

How Peter Navarro could lead us into a global depression—or worse
(DBN)

EU and others gear up for WTO challenge to US border tax
(DBN)

There's an odd gender anomaly showing up in wage data
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mass. Bankruptcy Court: Mortgage with Incorrect Legal Description Is Avoidable by Chapter 7 Trustee
(DBN)

4th Cir. Holds Escrow, Other Principal Residence Mortgage Loan Items Not Subject to Chapter 13 Bifurcation
(DBN)

Here's why homeownership is plunging in the US
(DBN)

Here's what a one-bedroom apartment looks like in America's 20 most expensive rental markets
(DBN)

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Municipalities:

A year after crisis point, Detroit schools face different kind of turmoil
(DBN)

Senate approves state takeover of Gary school finances
(DBN)

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Oil/Gas:

Guidance for Understanding Petroleum Storage Tank Bankruptcy
(DBN)

Certain gas gathering agreements riskier in light of recent bankruptcy case ruling
(DBN)

Oil prices fall as traders shrug off OPEC output cuts, focus on rise in US drilling • Why OPEC’s oil production cut is a ‘gift to U.S. producers’
(DBN)

Saudis say they have exceeded promised output cuts
(DBN)

Are shale’s days numbered?
(DBN)

How to Raise Oil Prices Without Really Cutting
(DBN)

Samson Resources moves to emerge from Chapter 11 • Samson Resources Ch. 11 Plan, $4B Debt Rework Confirmed
(DBN)

Why fossil-fuel giants underestimate electric cars, renewable energy
(DBN)

Trump's Trade Policies Seen as Risk to U.S. Natural Gas Export Boom
(DBN)

Hedging is about to make a comeback on global crude oil markets
(DBN)

An oil heist in Libya cost the government hundreds of millions of dollars
(DBN)

A veteran of the New York Mercantile Exchange is sounding the alarm on oil
(DBN)

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Shipping:

IRS Objects To Shipping Co.'s $200M Bankruptcy Plan
(DBN)

Taxman among raft of parties objecting to International Shipholding’s restructuring plan
(DBN)

Air cargo rates boost after Hanjin collapse will be short-lived, says consultant
(DBN)

Hanjin bankruptcy , low growth buffet global shipping
(DBN)

Walmart cuts contracts with Korean shippers after Hanjin fiasco
(DBN)

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Golf:

Shareholders To Decide Club Fate; Choice Between Bankruptcy or $850K Sale
(DBN)

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Celebs:

Reality Doesn’t Pay! Tom Schwartz’s Parents Forced To File For Bankruptcy After Split
(DBN)

Five celebrities hit hard by foreclosure
(DBN)

DOJ Seeks to Foreclose on the Late Charles Wyly's Dallas Home
(DBN)

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Surfing:

Titans of Mavericks Bankruptcy Isn't Off to Promised Quick Start
(DBN)

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Healthcare:

Louisiana Heart Hospital now completely closed
(DBN)

Deal to sell shuttered hospital
(DBN)

Bankrupt North Philadelphia Health System in deal to sell St. Joseph's Hospital
(DBN)

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Fraud:

Court Rules U.S. Government’s $100 Million Fraud Case Against Lance Armstrong Can Move Forward
(DBN)

For Galemmo Ponzi Victims, Recovery Chances Depend On Clawbacks
(DBN)

Zeek Rewards Mastermind Sentenced To Nearly Fifteen Years In Prison
(DBN)

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Banking:

Credit Suisse earnings miss estimates after DOJ fine; plans to cut 6,500 jobs in 2017 • Credit Suisse just made a $2.3 billion loss
(DBN)

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Non-Profits:

FEGS Creditors Plan To Sue Failed Charity Execs — And Accounting Firm
(DBN)

Family says they spent $25,000 to adopt child, but agency went bankrupt; no child
(DBN)

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Electricity:

Homer City Slams Watchdog's Opposition To Its Ch. 11 Plan
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Preclusion:

Objection to Proof of Claim Not Barred by Res Judicata
(DBN)

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Arbitration:

U.S. Fifth Circuit Allows Receiver to Avoid Arbitration Clauses
(DBN)

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Avoidance Actions:

What You Do Won’t Help (But What You Can’t Do Might): The Sixth Circuit Clarifies Defenses to Fraudulent Transfers
(DBN)

No Trustee Left Behind – Another Bankruptcy Court Requires Colleges to Return Tuition to the Bankruptcy Estate
(DBN)

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Plan Confirmation:

In re Roust : Seven Steps to Confirming a Plan in Seven Days
(DBN)

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Miscellaneous:

Hughes Hubbard Bankruptcy Review for 2016
(DBN)

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Bankruptcy Rules:

Delaware Bankruptcy Court Issues 2017 Local Rule Amendments
(DBN)

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Consolidation:

Massachusetts Bankruptcy Court Sends a Reminder on Avoiding the Substantive Consolidation Trap
(DBN)

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Make-Whole:

EFH Reaches Tentative Deal To Resolve Make-Whole Dispute
(DBN)

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TIA:

Second Circuit Rules That Section 316(b) of the Trust Indenture Act Only Protects Core Payment Terms of Bond Indentures
(DBN)

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SCOTUS:

Bankruptcy and the U.S. Supreme Court
(DBN)

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Appeals:

Action by Three Courts Required to Settle an Appeal in the Circuit Court
(DBN)

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Barton Doctrine:

Barton Arises Unexpectedly to Bar a Routine Motion to Reopen
(DBN)

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Corporate Governance:

Chancery Court Reexamines the Limits of Indemnification of Corporate Directors, Officers, and Others
(DBN)

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Hedge Funds:

Some Platinum hedge fund clients get hopeful sign from receiver
(DBN)

Another portfolio manager has left struggling hedge fund Folger Hill
(DBN)

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Tech:

Experts: This is why Spotify risks bankruptcy
(DBN)

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Mining:

Russian-born billionaire has US rare earths mine in his sights
(DBN)

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Fantasy Sports:

FantasyDraft To Pay Out Some Of $1.3 Million Owed To Players By Bankrupt Fantasy Aces
(DBN)

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Telecoms:

BlackBerry Seeks To Lift Avaya's Ch. 11 Stay On Patent Suit
(DBN)

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UK:

Affordable Car Hire admits 'bankruptcy' fears in $2.2 million Avis claim
(DBN)

An economic trend that ensured British prosperity for the last 136 years just went into reverse
(DBN)

Europe was too pessimistic about Brexit's economic impact on Britain
(DBN)

Committee calls for greater accountability following BHS collapse
(DBN)

Brexit causing UK labor shortage
(DBN)

Royal Bank of Scotland to cut 15,000 jobs?
(DBN)

UK inflation surges to the highest level since June 2014 • UK Inflation Rate Rises Less Than Expected, Stays Below 2%
(DBN)

The EU Commission President killed off Britain's hope for separate post-Brexit deals in Europe
(DBN)

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EU:

Top watchdog makes urgent call for EU bad bank
(DBN)

Nexit, Frexit or Grexit? The countries that could follow Britain out of the EU
(DBN)

Germany, Italy Grow Less Than Forecast Amid Global Uncertainties
(DBN)

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PIIGS:

Court refuses to allow Sean Dunne cross examine bankruptcy official
(DBN)

Mr. Regling's "Alternative Facts" About the Greek Debt • Greece is getting Rothschild to fight its corner • The threat of Grexit returns to haunt EU • IMF's Lagarde: Debt Solution Possible, But No Exceptions for Greece • EU's Moscovici heads to Greece for debt talks • BoG Governor Urges Greece and Creditors to Compromise Before It’s too Late • Greek central bank chief warns bailout delay risks rerun of 2015 • Greece on track with program but IMF too pessimistic • Greece is about to run out of cash. Again. But this time a bailout might not be coming • Greece – A New Standoff with the Troika, Germany and the IMF • Leaving is NOT an option: Germany clings onto Greece in desperate bid to save Eurozone • Greece is as sick as ever and its agony goes on and on
(DBN)

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Canada:

Broken Break Fee: Investor's Claim for a Break Fee Denied in CCAA Proceeding
(DBN)

Virginia Hills Oil Corp. Announces the Receipt of Notice of Demand from Its Lenders and Consent to the Appointment of A Receiver
(DBN)

Debt-laden energy firm in talks to unload assets
(DBN)

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Armenia:

Armenia teetering on verge of insolvency
(DBN)

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MENA:

'Alarming scale' of youth unemployment in Middle East, OECD official warns
(DBN)

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Venezuela:

How to Solve the Riddle of Venezuela's Economy
(DBN)

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Japan:

Chaos at Toshiba: $6.3 billion write-down, chairman resigns • Delays, confusion as Toshiba reports $6 billion nuclear hit and slides to loss
(DBN)

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Hong Kong:

Hong Kong's Updated Corporate Winding-Up Regime: What You Need To Know.
(DBN)

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