February 22, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Munsch Hardt Founder Russell Munsch Dies in Plane Crash Munsch Hardt Co-Founder Dies In Australian Plane Crash 4 Americans on a golfing trip of a lifetime were killed in the Melbourne plane crash Four U.S. Tourists, Australian Pilot Killed After Plane Crashes Into Shopping Center Golf trip turns tragic as Texas executives killed in plane crash
(DBN)

Norton Rose Fulbright Seals Merger Deal with Chadbourne & Parke Norton Rose and Chadbourne announce merger Biglaw Merger Means The End Of ‘Chadbourne & Parke’ Norton Rose Fulbright Seals Merger Deal with Chadbourne & Parke Chadbourne & Parke and Norton Rose Fulbright to combine Norton Rose and Chadbourne to Combine Baker Botts Hires 9 Norton Rose Partners on Merger Day
(DBN)

Expensive Chicago parking tickets contribute to huge bankruptcy filings
(DBN)

Whoops! Client Conflict Check Creates $4B Merger
(DBN)

The White House counsel is supposed to rein in the president’s worst impulses. That’s not Don McGahn’s style.
(DBN)

Law Professor Arrested Amid Stalking Allegations
(DBN)

Yale Law School Names First Female Dean
(DBN)

The Rules To Getting Clients Online
(DBN)

The Dan Markel Murder Case — Defense Attorneys Dismiss It All As Fake News
(DBN)

Charlotte Can’t Pay Its Bills In Amazing Show Of Solidarity With Students
(DBN)

Mayer Brown partner who dealt with personal tragedies backs a flexible path to partnership
(DBN)

Survey Results Paint Picture Of Litigation Finance Landscape
(DBN)

Beyond Biglaw: Job Security, ‘Hidden Figures’ Style
(DBN)

McGuireWoods Revenue Up 4 Percent Following Lateral Additions
(DBN)

21 unprofessional email habits that make everyone hate you
(DBN)

The right way to impress someone without sounding like you’re bragging
(DBN)

ACLU Gearing Up For War With The Trump Administration
(DBN)

Stanford Law Journal Publishes Special Issue On Lawyer Activism Under Trump
(DBN)

Appeals Court: Assault Weapons Not Part of Second Amendment
(DBN)

Global Investors Warn Texas on Bathroom Legislation
(DBN)

Former law firm partner sued for $9 million
(DBN)

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Judges:

Trump Bashes 9th Circuit as Lawyers Pump Brakes on Travel Ban Appeal
(DBN)

ABA will submit judicial rating for SCOTUS nominee Neil Gorsuch Gorsuch’s charm offensive may be working
(DBN)

Trump attack may reopen debate on splitting Ninth Circuit in SF
(DBN)

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Wall Street:

Futures point to muted open on Wall Street; earnings, Fed in focus
(DBN)

US stocks close higher, add new records
(DBN)

Cashin skeptical of record highs: 'We're really vulnerable'
(DBN)

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Layoffs:

Toys 'R' Us Has Laid Off Up To 15% Of HQ Employees
(DBN)

Why one senator is quizzing Yellen about robots taking U.S. jobs
(DBN)

Wood Group Cuts Workforce by 36% in 2-Year Period
(DBN)

Petrofac Makes 29% Headcount Reduction
(DBN)

CSX To Fire Over 20% Of Management-Level Employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Consumer Finance:

Consumer finance company J.G. Wentworth hires debt adviser -sources
(DBN)

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Taxis:

'Medallion' Bubble Bursts Around The World
(DBN)

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Food/Beverage:

Operator of Perkins restaurants seek bankruptcy protection
(DBN)

Dozens Of Outback, Carrabba's, Bonefish Restaurants Closing
(DBN)

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Banking:

Wells Fargo Fires Four Retail Executives Over Accounts Scandal
(DBN)

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Circuses:

Bankrupt Big Apple Circus Gets A Safety Net After Sale OK'd
(DBN)

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Shipping:

Huge Debts Left after Hanjin Demise
(DBN)

The slowdown in the shipping industry could cause Germany's banking system to crash
(DBN)

Container shipping faces critical moment after years of losses
(DBN)

Vallianz trades new shares to cancel some debts Vallianz creditors accept 8.8% equity stake for S$7.6m of debt
(DBN)

International Shipholding Makes Deal To Advance Ch. 11 Plan
(DBN)

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Gambling:

Caesars Amends Merger, Bankrupt Arm To Get $1.4B In Loans
(DBN)

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Ethanol:

Ethanol credit prices fall on Trump’s regulatory freeze
(DBN)

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Fraud:

No Jail For Ex-Oil Co. CPA In $30M Bank Fraud Scheme
(DBN)

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Economy:

US economy looking good, Fed poised to hike rates: Harker
(DBN)

March, May or June? Fed minutes may hold clues on timing of next interest-rate hike
(DBN)

An unexpected threat to a March rate hike: Wall Streeters took a pay cut
(DBN)

The Trump administration is still a long way off from ditching NAFTA Canada Stands with Mexico on NAFTA Talks
(DBN)

Draft of first Trump budget would cut aid for millions of poor Americans
(DBN)

Trump may make major changes to the way we measure the strength of the US economy Border tax hits political reality, and only Trump can save it
(DBN)

How CEOs across America feel about Trump
(DBN)

It’s worse than you thought: Americans are drastically under-saved for retirement
(DBN)

How The Decline of Manufacturing Is Undermining American Marriages
(DBN)

Walmart speaks out against Trump proposal in an unprecedented warning to US shoppers
(DBN)

CEOs of 16 U.S. companies urge Congress to pass border tax American CEOs send letter to House: Kill the 'made in America' tax CEOs come to defense of border tax plan
(DBN)

DHS to Ramp Up Deportations, Continue Protections for DREAMers Deportation priorities will expand to include those convicted of even minor crimes Travel Ban Aside, Trump Has Vast Legal Arsenal for Deporting Millions The Trump era of immigration has begun Trump Tightens Rules On Unaccompanied Minors White House Contradicts Justice Department on Immigration Order The Myth of the U.S. Immigration Crisis
(DBN)

Goldman Sachs: Investors are at 'maximum optimism' and have a letdown coming
(DBN)

Here's who would save the most money under Trump's proposed tax overhaul
(DBN)

Goldman: Get Ready for a Rude Awakening
(DBN)

Best States for Business
(DBN)

Chemical Activity Barometer increases in February
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Hedge Funds Can't Sue Over Investments in Fannie and Freddie Fannie and Freddie plunge after court rules that hedge funds can't sue the government over collecting their profits Court Ruling Gives Fannie Mae, Freddie Mac Investors Limited Room for Claims
(DBN)

Banks Retreat From Apartment Market Peak Renter
(DBN)

Mortgage Debt as Percent of GDP
(DBN)

Mortgage defaults slightly rise, but no need to be concerned
(DBN)

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

With Trump's deregulation plan, big banks could get back in the mortgage market in a big way
(DBN)

Orlando Fashion Square's future set: Bank to become owner
(DBN)

Houston named a 'risky bet' for office investors
(DBN)

____________

Municipalities:

Judge paves way for legal battle between Puerto Rico bondholder groups
(DBN)

It's More Important To Get Puerto Rican Pension Reform Right Than To Do It Fast
(DBN)

Suit for Injunction Held Not to Violate PROMESA, Puerto Rico’s Workout Statute
(DBN)

The board has spoken: Puerto Rico to be hit with painful austerity
(DBN)

Jobs, neighborhoods, housing take focus in Duggan's speech
(DBN)

Cities with Highest-Lowest Unemployment
(DBN)

Experts Examine Proposal for States to Enact Restructuring Tools for Struggling Municipalities (Podcast)
(DBN)

______________

Oil/Gas:

Haynes and Boone Tracking System Shows Increase in Energy Industry Bankruptcies
(DBN)

Oil up 2 percent as OPEC chief sees higher compliance with cuts OPEC's Barkindo says too early to talk about extending production-cut pact
(DBN)

Hornbeck Offshore: Customers See Oil Prices As Lower Forever Instead Of Lower For Longer
(DBN)

Why Oil Prices Might Soon Head Back to Earth
(DBN)

Paragon, Creditors Head To Mediation Over New Ch. 11 Plan
(DBN)

Chaparral Energy aims to sell pipeline in push to exit bankruptcy
(DBN)

Is OPEC Still a Thing?
(DBN)

Natural Gas Bulls Crushed As Prices Tank
(DBN)

Oversupply Fears Grow As U.S. Oil Exports Hit Record High
(DBN)

Royalties, taxes paid by Texas drillers plunged in 2016
(DBN)

What happens to crude prices when OPEC ends output cuts?
(DBN)

______________

Politics:

Trump denounces wave of anti-Semitism: 'It's horrible and it is going to stop' At least 11 US Jewish centers evacuated in latest wave of bomb threats, prompting Ivanka Trump to speak out The Anne Frank center’s director called Trump's statement a 'Band-Aid on the cancer of Antisemitism' Trump's lawyer has told 4 different stories about the Russia-Ukraine 'peace plan' debacle The Resistance is the Majority of Americans Trump Slams Angry Crowds at GOP Town Halls
(DBN)

Trump Mulling Over Selecting Mnuchin Crony To Run OCC In Obvious Bid To Make Elizabeth Warren Hulk Out
(DBN)

FactCheck: 100 Days of Trump Claims
(DBN)

______________

Education:

Now defunct for-profit college must pay the government $20 million, a court rules
(DBN)

For-Profit Schools, an Obama Target, See New Day Under Trump
(DBN)

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Healthcare:

Spokane docs declare $191M bankruptcy
(DBN)

Bidder Says Los Angeles-Area Hospital Didn't Need to Close
(DBN)

'It saved my life': Talk of Obamacare repeal worries addicts
(DBN)

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Asset Protection:

Can Intentional Interference With Economic Relations Be Used Against Post-Judgment Debtor Planning?
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Trustees:

BK CO: UST Looking For Ch. 13 Trustee
(DBN)

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Avoidance Actions:

The Sixth Circuit Finds That a Bank Is Not a Transferee for Deposits Made in Excess of the Amount Owed
(DBN)

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TIA:

Second Circuit Holds That Minority Bondholders Cannot Avail Themselves of the Trust Indenture Act
(DBN)

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Unexpired Leases:

Lease Rejection Damages Under the Bankruptcy Code Cap
(DBN)

______________

SCOTUS:

Odds Decline that Supreme Will Review Second Circuit Opinion in GM Bankruptcy
(DBN)

______________

Professional Compensation:

Professional Fees in Nortel Networks Bankruptcy are Massive, With a High Burn Rate Continuing
(DBN)

______________

Proofs of Claim:

Court Denies “Comfort Order” to File Late POC
(DBN)

______________

Management:

Five Lessons Healthy Companies Must Learn from the Distressed
(DBN)

______________

Telecoms:

Avaya – What is the Path Forward Through Bankruptcy ?
(DBN)

Xtera Converts Case To Ch. 7 After Auction Falls Short
(DBN)

______________

Mass Torts:

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

______________

Retailing:

Can America’s Department Stores Survive?
(DBN)

Macy's will close its next set of stores 'over the next few years' Macy's: Declining Sales to Continue
(DBN)

Not All Big Box Stores Are Dead: Wal-Mart, Home Depot Buck Shopping Slump
(DBN)

Sycamore Partners wins bankruptcy auction for The Limited, say sources: Reuters
(DBN)

Wet Seal Faces Pushback From Landlords in Bankruptcy Case
(DBN)

______________

Student Debt:

Student Debt in America Has Hit a New Record
(DBN)

Judges Clash Over Parents’ Role in Student Debt (Audio)
(DBN)

Student Loan Debt In 2017: A $1.3 Trillion Crisis
(DBN)

______________

Media:

Gawker Says $3.7M IRS, NYC Tax Claims Could Hold Up Ch. 11
(DBN)

______________

Electricity:

Bankruptcy Court Confirms EFH Chapter 11 Plan for NextEra Energy's US$18.7 Billion Acquisition of Oncor
(DBN)

If NextEra buys Oncor, what’s in it for the rest of us?
(DBN)

______________

Coal:

To Survive, Coal Companies Have to Think Small
(DBN)

Can President Trump keep his promises to coal country?
(DBN)

Biz News Outlet Must Reveal Coal Co. Sources, NY Judge Says
(DBN)

______________

Software:

ATopTech Ch. 11 Stalking Horse Protections Shot Down
(DBN)

______________

Lehman:

Supreme Court Won't Hear Lehman Employees' ERISA Suit
(DBN)

______________

PIIGS:

Greek Govt to Hire Rothschild as Debt adviser
(DBN)

______________

Canada:

Stelco’s long battle on the pension precipice
(DBN)

1 In 5 Canadian Homeowners Commits Mortgage Fraud, Says Top Broker
(DBN)

______________

India:

India must urgently resolve bad debt at lenders - RBI deputy governor
(DBN)

______________

Brazil:

Brazil's bankruptcy law reform is advancing, finance minister says
(DBN)

Brazilian Misery: A Cautionary Tale for the US?
(DBN)

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