February 16, 2017

The Daily Bankruptcy News

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Law:

Deals, Restructuring Drive 'Best Year Ever' for Davis Polk
(DBN)

Alston & Bird Adds Two Bankruptcy Partners in New York
(DBN)

What 2017 May Bring for the Restructuring Community
(DBN)

Some law firm leaders question associate pay hikes amid tepid year
(DBN)

Plaintiffs' Firm Squares Off with Trump Administration
(DBN)

Why Was Sidley Working With A Con Artist? Sidley Fights Fraud Suit Over Alleged Ties to Imprisoned Con Man
(DBN)

The Unbearable Weight Of Working From Home As A Solo Lawyer
(DBN)

Mary Jo White To Advise What To Do When Mary Jo White Comes Calling
(DBN)

Andrews Kurth Kenyon Saw Small Drop in Revenue But Increased Income in 2016
(DBN)

Sheppard Mullin Elects Fifteen Attorneys to Partnership
(DBN)

HP general counsel tells law firms to meet diversity mandate or forfeit up to 10% of fees
(DBN)

Two Prison Inmates Provide Link To Adelsons In Dan Markel's Murder
(DBN)

The Best Brand In Biglaw Isn’t Skadden Anymore Jones Day Is #1 U.S. Law Firm Brand, Supplanting Skadden
(DBN)

Bryan Cave launches new technology incubator
(DBN)

Wish bone, funny bone, backbone, essential skeletal parts for lawyers who want to have any career longevity
(DBN)

More Questions About McGahn in the Flynn Imbroglio
(DBN)

ABC casts first black person, an attorney, as central character in The Bachelor franchise
(DBN)

5th Circ. OKs Bankruptcy Lawyer's Sentence Based On Wrong Guidelines
(DBN)

Senate votes to block rule meant to prevent people with mental disorders from purchasing guns
(DBN)

TX Bathroom Bill: Gov. Abbott Tells NFL to Pound Sand
(DBN)

Lawyer who withdrew guilty plea is convicted in r--- of unconscious client
(DBN)

Have You Been Injured? Well, Funk Those Guys.
(DBN)

Lawyer is acquitted in murders of her wealthy father and his girlfriend
(DBN)

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Judges:

BK SD TX: Request for Public Comment on the Reappointment of Bankruptcy Judge Marvin P. Isgur
(DBN)

BK ND CA: Judge Jaroslovsky Retiring In July
(DBN)

Trump’s disregard for the judicial system has accidentally made law school cool again
(DBN)

Gorsuch could be more conservative than Justice Clarence Thomas, study concludes Liberals And Gays For Gorsuch? (Or, The Virtues Of Non-Ideological Clerk Hiring)
(DBN)

Justice Kennedy criticizes ‘intemperate’ and ‘divisive’ public discourse
(DBN)

Courthouse Protests Planned For Friday, During Day Of Strike Against Trump
(DBN)

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Wall Street:

US stocks in holding pattern after best record run in 25 years
(DBN)

Nasdaq nears longest record-setting streak since 1999
(DBN)

Markets Learn to Live With a More Hawkish Yellen
(DBN)

Yellen may have offered the clearest explanation for the stock market’s record run
(DBN)

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Layoffs:

Fort Smith Manufacturing Plant to Shut Down; 250 Jobs Lost
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump blasts reporting on his campaign's Russia ties as 'conspiracy theories and blind hatred' White House staff in "survival mode ... scared to death" 'Unbelievable Turmoil': Trump's First Month Leaves Washington Reeling America's Spies Took Down Flynn Russia Sanctions Scandal Only Begins With Flynn’s Resignation Trump Blasts Criminal Leaks by Intel Agencies Trump reveled in leaks that hurt Hillary Clinton. He now calls administration disclosures 'un-American'. Trump loved WikiLeaks during the campaign, but he's not so fond of leaks as president How the Trump administration is playing into Russia's hands Mika Brzezinski bans Kellyanne Conway from Morning Joe ‘Stop that BS’: Joe Scarborough hammers Republicans for refusing to investigate Flynn and Trump Investigations Into Russia's Involvement in the 2016 U.S. Election Will Continue Despite Flynn's Exit These 23 Republicans Passed on a Chance to Get Trump's Tax Returns American Institutions Are Fighting Back Against Trump
(DBN)

Trump is reportedly 'especially upset' by portrayal of Steve Bannon as the Grim Reaper on 'SNL'
(DBN)

History Suggests Trouble for Trump
(DBN)

The Democrats' 2020 Nightmare Poll Finds Warren Wouldn’t Beat Trump in 2020, but Another Democrat Would
(DBN)

Poll: Trump and Obama Are America’s Worst Presidents Since World War II
(DBN)

Trump begins answer to question about rise of anti-Semitism by boasting about Electoral College victory
(DBN)

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Retailing:

Michigan-based MC Sports files for bankruptcy , will close all locations
(DBN)

Gander Mountain responds to reports of potential bankruptcy
(DBN)

Sports Authority bankruptcy: Suppliers to get nickels on the dollar
(DBN)

Retail sales destroy expectations as gasoline sales soar Retail Sales Decrease Slightly in January
(DBN)

Retail Zombies Haunt Industry
(DBN)

A $14 billion hedge fund is sounding the alarm on distress in the retail sector
(DBN)

Can Sears Really Cut Its Way to Survival?
(DBN)

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Fraud:

The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice
(DBN)

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Coal:

Peabody Energy Announces Closing Of $1.0 Billion Aggregate Principal Amount Of Senior Secured Notes
(DBN)

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Economy:

Consumer Prices in US Increase by Most Since February 2013
(DBN)

U.S. data points to strengthening domestic demand and inflation Do the data support the Federal Reserve's planned interest rate hikes? Key Measures Show Inflation close to 2% in January
(DBN)

US firms increase inventories, see sales jump in December
(DBN)

Industrial Production decreased 0.3% in January
(DBN)

Stress Increases in US for First Time in 10 Yrs
(DBN)

Treasury yields touch highest levels in more than 2 weeks
(DBN)

How Trump could trigger a massive wave of selling in the Treasury market
(DBN)

Millennials expect more than half of their retirement money to come from personal means — but 42% haven't even started saving yet
(DBN)

Millennials and Boomers feel like they’re living in two different Americas—and that’s a big problem
(DBN)

GOP Opposition to Labor Pick Puzder Mounts as He Reportedly Plans to Withdraw Puzder expected to withdraw as Labor nominee, sources say Trump's Labor Secretary pick withdrew after this explosive Oprah video of his ex-wife resurfaced
(DBN)

Trump to Fill Three Fed Seats Following Surprise Resignation
(DBN)

Retail Sales in US Climb More Than Forecast in Broad Advance
(DBN)

Empire State Manufacturing Index Surges To 18.7 In February
(DBN)

Factory Production in US Rises for Fourth Time in Five Months
(DBN)

Retail CEOs meet with Trump, call meeting 'productive'
(DBN)

US sells more corn than anybody; guess who buys it?
(DBN)

Ryan tries to save tax plan
(DBN)

Adios America, hola world? Mexico pivots away from US
(DBN)

Trump thinks Dodd-Frank is killing America and only Goldman Sachs can save us
(DBN)

Lawmakers clash over Fed's role in recovery
(DBN)

How Much Will I Pay in Taxes in 2017?
(DBN)

Let's Get This Straight: The US Has No Creditors
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bankruptcy Sales: Buyers Are Not the Only Ones Who Should Beware
(DBN)

Mortgage delinquencies edge slightly higher from record lows MBA: Mortgage Delinquencies Increased in Q4, Foreclosures Decreased
(DBN)

Homebuilder confidence slightly declines, moves closer to normal levels
(DBN)

Mortgage applications drop as refi demand reaches record low
(DBN)

Austin: Many families out of homes, hundreds of thousands of dollars after builder files for bankruptcy
(DBN)

The New York office market is fizzling out
(DBN)

A Harsh Reality Is Hitting the Housing Market
(DBN)

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Municipalities:

San Bernardino's hard-earned exit from bankruptcy
(DBN)

Investor Group To Lead Putative Horsehead Shareholder Class
(DBN)

Water shutoffs to resume in Flint before spring
(DBN)

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Oil/Gas:

Oil prices turn positive despite large build in US crude stockpiles
(DBN)

NAPE: US Shale Industry ‘Aggressively’ Returns
(DBN)

Anadarko - warns of possible layoffs at Eagle Ford Facility
(DBN)

Competition for oil services ramping up in Permian; ‘It’s déjà vu,’ says Parsley CEO
(DBN)

Houston drilling services co. files for Chapter 7 bankruptcy
(DBN)

Facing Pushback, Bonanza Creek Adds Time To Del. Ch. 11
(DBN)

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Hedge Funds:

A big Massachusetts pension has yanked its money from one of the hedge fund industry's struggling titans
(DBN)

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Healthcare:

The Trump administration just proposed substantial changes to Obamacare Trump Administration Acts to 'Stabilize' Health Insurance A Rough 24 Hours for Obamacare
(DBN)

AETNA CEO: The Obamacare exchanges are in a 'death spiral'
(DBN)

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Agriculture:

North Dakota farm giant McM files for bankruptcy
(DBN)

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Fitness:

David Barton Gyms is getting sued as former members seek refunds
(DBN)

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Bankruptcy Crimes:

Abby Lee Miller’s Lawyer Explains U.K. Travel 9 Days Before Fraud Sentencing: She Is ‘Not a Flight Risk’
(DBN)

Wayne County woman charged with bankruptcy fraud
(DBN)

Newfoundland Woman Charged With Bankruptcy Fraud
(DBN)

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Personal Finance:

During A Job Interview, Be Mindful Of The People You Are Talking To
(DBN)

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Temporary Structures:

Modular Space Holdings Wins Ch. 11 Plan Confirmation
(DBN)

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Ports:

Outer Harbor Submits Ch. 11 Liquidation Plan For Approval
(DBN)

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Solar:

Einhorn's Greenlight Ends Bet on SunEdison's TerraForms
(DBN)

SunEdison Seeks 4th Ch. 11 Plan Exclusive Filing Extension
(DBN)

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Gambling:

Caesars Q4 Net Loss Eclipses Analysts’ Expectations Ten Times Over
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Retail industry is expected to replace oil and gas as 2017’s distressed sector
(DBN)

YTD Large Ch. 11s, By Sector 2016
(DBN)

Map: Where Ch. 11s Are Filing
(DBN)

Bankruptcies Register First Consecutive Monthly YOY Increases Since 2010
(DBN)

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Exemption Planning:

Fifth Circuit Blocks Wife of Indicted Dallas Car Dealer From Collecting on Sale of $3.4M Home
(DBN)

Fifth Circuit Denies Exemption to Nonfiling Spouse for Home Owned Fewer than 1,215 Days
(DBN)

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PACA:

Fifth Circuit Rules for PACA Claimants, and Weakens PACA, All in One Curious Ruling
(DBN)

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Recoupment:

Recoupment – Is it the same transaction?
(DBN)

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Discharge:

Falsely Misrepresenting One Asset Isn’t Grounds for Nondischargeability, Circuit Holds
(DBN)

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Student Debt:

How Investors Can Cash In On Soaring Student Debt
(DBN)

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Corporate Reform:

Dodd-Frank Repeal Also Targets Corruption-Fighting Measure
(DBN)

SEC Weighs Curbing Investigators' Powers to Probe Wall Street
(DBN)

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Hollywood:

Major Casting Workshop Firm in Los Angeles Shuts Down, Files Bankruptcy Five days after the City Attorney filed charges, the Actor's Key, the busiest workshop firm in L.A., ceased operations and filed for Chapter 7 bankruptcy.
(DBN)

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Non-Profits:

Creditors in Nonprofit Bankruptcy Sue 2 FEGS Execs and Auditor
(DBN)

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Distressed Investing:

A $30 Million Golden Parachute Courtesy of Junk-Bond Market
(DBN)

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Electricity:

Homer City's Ch. 11 Reorganization Approved By Del. Court
(DBN)

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Banking:

New Reforms Could Make Banks More Vulnerable
(DBN)

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Pensions:

U.S. Insurers Sense Opportunity in Unwanted Pension Plans
(DBN)

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UK:

Lloyd's of London angers staff with workday boozing ban
(DBN)

19 million Brits are on the edge of poverty even though nearly everyone has a job — and it's going to get worse
(DBN)

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PIIGS:

5 reasons the Greek debt crisis is back Greek Bailout Deal Is Within Sight, EU Official Says Greece Will Go Bankrupt Without IMF, Says Eurogroup's Dijsselbloem Political risk behind the sorry state of Greece Trump could lean on IMF to derail Greek bailout As the EU sends an envoy to Greece to salvage the debt deal, would the Eurozone survive Grexit?
(DBN)

Italy Approves $21 Billion Fund to Shore Up Its Troubled Banks
(DBN)

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India:

Four Charts Showing How Indians Could Be Among the Worst Hit if Trump Tightens Borders
(DBN)

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Iceland:

As GDP soars 10%, once bankrupt Iceland now plans survival for the ‘Next Collapse’
(DBN)

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Japan:

Toshiba asks creditor banks to extend loans to March
(DBN)

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China:

China penalizes 6.7m debtors with travel ban
(DBN)

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Ukraine:

Ukraine’s new financial restructuring law enters into force
(DBN)

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Brazil:

Remember When Brazil's Petrobras Was Supposed To Go Bankrupt ?
(DBN)

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Australia:

Under section 561 Corporations Act is the liquidator able to claim priority for remuneration, costs and expenses ahead of employee entitlements?
(DBN)

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South Korea:

Hanjin saga reveals S.Korea corporate governance flaws
(DBN)

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