February 23, 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:

Judge sanctions Cooley and its client for late-produced documents, says it’s unclear who is to blame
(DBN)

Why It’s Always Your Fault
(DBN)

Most solos and small firms think they’re thriving
(DBN)

Female First-Chairs: Firm's founders chip away at male litigation domination
(DBN)

Shearman posts 18% PEP hike after partner de-equitizations
(DBN)

Ex-KWM partners called on to pay into staff ‘hardship fund’
(DBN)

Law firms must manage cybersecurity risks
(DBN)

Snapchat For Lawyers — Is It Really Happening?
(DBN)

Partner Profits Break $1M in Another Big Year for Troutman Sanders
(DBN)

'That's what we went to go kill that man for': New details emerge in FSU professor's killing
(DBN)

2018 U.S. News Law School Rankings
(DBN)

6 major law firm hacks in recent history
(DBN)

‘Alternative Facts’ Are Nothing New For Lawyers
(DBN)

Steady Growth for Faegre Baker as Leadership Change Looms
(DBN)

Is Your Firm Guilty of Playing Lateral Partner Bingo?
(DBN)

Learning to say no—and say so
(DBN)

How Do You Know When It’s Time to Go
(DBN)

Grit and a growth mindset are linked to success
(DBN)

Oregon joins suit against President Trump's travel ban
(DBN)

5 things Hollywood gets wrong about lawyers — and 2 things it gets right
(DBN)

Supreme Court rules for girl who wanted to bring her dog to school
(DBN)

Surprise Sisters: Lawyer co-workers learn they’ve led parallel lives just a few miles apart
(DBN)

How to fix the 6 most common work email mistakes
(DBN)

11 habits of mentally strong people
(DBN)

Is A Job Interview Even Relevant Anymore?
(DBN)

Fulbrook Using Big Data To Get Ahead In Litigation Finance
(DBN)

Belichick Named as Possible Witness at Hernandez Trial
(DBN)

______________

Judges:

Ivanka Trump Beats Her Father to Supreme Court Why in the World was Ivanka Trump Watching Supreme Court Arguments? A “view” from the courtroom: VIP guests
(DBN)

The Personal Lives Of Supreme Court Justices
(DBN)

______________

Wall Street:

Dow eyes 10th day of gains as US stock futures rise on back of oil rally
(DBN)

Dow Claws To New All-Time High
(DBN)

Stocks just did something they haven't done since 1987
(DBN)

______________

Layoffs:

Bankrupt Quiksilver Gets Nod For Employee Severance Deal
(DBN)

Mark Cuban calls universal basic income 'one of the worst possible responses' to robot automation
(DBN)

San Diego Unified proposes 850 job cuts
(DBN)

CSX is Firing 1,000 Managers (And CEO)
(DBN)

Digicel to slash global workforce by 1500
(DBN)

Bill Gates Proposes a Robot Tax
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Telecoms:

Bankrupt Avaya Stops Paying Some Pension Benefits
(DBN)

______________

Bankruptcy Crimes:

Man pleads guilty to bankruptcy fraud, he claimed he had a business address in different place
(DBN)

______________

Student Debt:

Bankrupt Single Mom Can Get Rid of Student Loans
(DBN)

______________

Shipping:

Hanjin collapse and weak charter market blamed as Danaos sinks into the red
(DBN)

A Long Winter for Shipping
(DBN)

SPP to hand over final ship tomorrow and face liquidation
(DBN)

Toisa Gets Approval To Resume Operating Seized Tanker
(DBN)

______________

Education:

The Coded Language of For-Profit Colleges
(DBN)

______________

Fantasy Sports:

New Fantasy Aces Bankruptcy Filing: 'Player Funds Were Used By Debtor To Pay Operating Expenses'
(DBN)

______________

Ethanol:

Big oil urges Trump to hold course on ethanol “point of obligation”
(DBN)

______________

Student Debt:

BAP Takes Realistic Approach to Undue Hardship Analysis
(DBN)

______________

Solar:

SolarCity’s ties to foreclosure cases raise questions on vetting policies
(DBN)

______________

Autos:

GM Creditors' Trust Gets OK To Spend $10M For 2017 Costs
(DBN)

Tesla Lost $746 Million in 2016
(DBN)

Auto Parts Firm Speedstar Files Amended Plan To Exit Ch. 11
(DBN)

______________

Travel:

American Airlines introduces 9 boarding groups that ‘would make even an aristocrat blush’
(DBN)

More airlines are charging for everything from carry-ons to soft drinks
(DBN)

______________


Economy:

Congressional Republicans don't expect Trump to offer his own health or tax plans Trump's tax plan is coming, but what to expect is an open question Trump: Tax reform plan is 'very well finalized' but will come after ACA repeal How 'Border Adjustment' Poisons Tax Reform Voters Support Border Adjustment Tax, but With Caveats Why a Border Tax is a Tax on Middle America
(DBN)

Fed officials keep crying wolf on interest rates
(DBN)

The Fed is split on Trump
(DBN)

FOMC Minutes: "Might be appropriate to raise the federal funds rate again fairly soon"
(DBN)

How the Fed Could Unwind Its Balance Sheet
(DBN)

The Fed plans to raise rates 'fairly soon' if the economy cooperates
(DBN)

Is Yellen trolling Trump and stock-market investors?
(DBN)

The absolute dominance of the U.S. economy, in one chart
(DBN)

Trump says federal government must do 'more with less'
(DBN)

Mexico 'will not accept' Trump's new immigration plans, and it could go to the UN to 'defend the rights of immigrants' Obama deported 3 million immigrants during his presidency — here's how Trump's new immigration order compares The Hidden Effect of Trump’s New Immigration Orders Trump's immigration crackdown will hit these employers hardest Mexico to Trump: We won’t take your unwanted immigrants
(DBN)

“You just can’t do it, mathematically”: Experts don’t share President Trump’s rosy predictions for economic growth
(DBN)

Why Millennials are better with their money than their parents
(DBN)

The Economy Is Not Doomed
(DBN)

The Jobs Americans Do
(DBN)

Here are 6 global flashpoints Trump could ignite with a simple tweet
(DBN)

Trump seeks jobs advice from firms that offshore U.S. work
(DBN)

Class 8 Truck Orders Rising
(DBN)

NAFTA Creates Lots of US Job, Not Blue Collar With NAFTA in Trump’s crosshairs, Mexico’s border factories brace for the unknown
(DBN)

America's Desperate Need to Make Big Business Less Big
(DBN)

Poll: Majority in US Worried About War
(DBN)

Treasury secretary says a strong dollar is a 'good thing,' contradicting what Trump has said at times
(DBN)

Here's why it's so hard to put Trump's 'America First' promise to work
(DBN)

Chinese workers to Trump: We aren't stealing anyone's job
(DBN)

America Needs a New Milton Friedman
(DBN)

Economists: It's Not the Trade Deficit, Stupid
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

January Home Sales Reach Highest Level in a Decade, Realtors Say Comments on January Existing Home Sales
(DBN)

Bank-Owned Real Estate Continued to Decline in Q4 2016, According to Fannie Mae and Freddie Mac
(DBN)

AIA: Architecture Billings Index decreased in January
(DBN)

NAR: "Existing-Home Sales Jump in January"
(DBN)

Home Builder Takes Deposits, Leaves Million-Dollar Homes Unfinished
(DBN)

Trump’s crackdown on illegal immigration could drop home prices
(DBN)

____________

Municipalities:

Puerto Rico sales tax creditors circle wagons in fight with GO bondholders
(DBN)

Will Puerto Rico become a headache for Trump?
(DBN)

COFINA Seniors Coalition Intends to Disprove GO Ad Hoc Group's Meritless, Self-Serving Claims
(DBN)

Guide for municipal bankruptcy
(DBN)

______________

Oil/Gas:

Judge bars investors from collecting on $300 mln clerical error
(DBN)

Stocks slip from highs as energy companies sink
(DBN)

Oil To $70? Or Down To $30?
(DBN)

The Discounts Are Over: U.S. Shale Is About To Get More Expensive
(DBN)

Oil slides on word non-OPEC members aren't cutting production as much as promised
(DBN)

OPEC needs to extend output cuts to ease glut, says Total CEO
(DBN)

Unsatisfied With Oil Prices, Iraq Calls For New OPEC Meeting
(DBN)

Oil & Gas M&A Just Broke All Records
(DBN)

Ultra Petroleum Plans to Emerge From Bankruptcy by Early April
(DBN)

Why oil prices will never return to $100 a barrel, in one chart
(DBN)

______________

Auto Racing:

Nascar, Once a Cultural Icon, Hits the Skids
(DBN)

______________

Politics:

'These jobs are not coming back': Watch Mitch McConnell get confronted by an upset constituent at a town hall meeting
(DBN)

'Sinking like a rock': Trump's approval rating keeps plummeting Trump has a problem: Americans increasingly think he's incompetent Sebastian Gorka, Trump's combative new national security aide, is widely disdained within his own field 'A perfect storm': Trump's plans are causing 'undeniable' worry for businesses depending on the border
(DBN)

Ivanka Pushes $500Bn Child Care Plan on Hill
(DBN)

______________

Bankruptcy Crimes:

Springfield not-for-profit owner pleads guilty to bankruptcy fraud
(DBN)

______________

Healthcare:

Congress Pushes Back as Trump Spurs Anti-Vaccine Movement
(DBN)

Ex-patients sound off in wake of doctors' $191M bankruptcy
(DBN)

Maple Leaf Treatment Center files for Chapter 7 bankruptcy
(DBN)

US life expectancy is so low it's projected to be on par with Mexico by 2030
(DBN)

______________

Religion:

Mount Calvary seeks bankruptcy protection
(DBN)

______________

Banking:

Big Banks Earn $6.4 Billion on ATM and Overdraft Fees
(DBN)

_____________

 


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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Fraud:

CyberNET Ponzi Bank Deposits Not Fraudulent Transfers
(DBN)

More Rick Siskey companies could be pushed into bankruptcy as investors seek repayment
(DBN)

Grant Thornton, EisnerAmper Near KO Of $100M Fraud Claims
(DBN)

______________

Agriculture:

Bankrupt Farmer Can’t Reap Relief He Didn’t Sow
(DBN)

______________

Discharge:

Lawyers Lose $100,000 Award Despite Bankrupt Client’s Lie About Payment
(DBN)

______________

Professional Compensation:

DIP Carve-out for Creditors’ Committee Compensation: Not a Cap upon Confirmation
(DBN)

______________

UCC:

Disposition of UCC Collateral: “Everybody Does It”
(DBN)

______________

Claim Preservation:

Farmer's Co-op Says MF Global Too Late To Recover $1.7M
(DBN)

______________

Safe Harbors:

Split Increases Uncertainty as to Extent of Safe Harbors
(DBN)

______________

Jurisdiction:

Loan Agreement Gives U.S. Court Jurisdiction over Foreign Bank Lender
(DBN)

______________

Sales:

For Insufficient Notice, a Recorded Right of First Refusal Survived a Sale
(DBN)

______________

Food/Beverage:

Restaurants are suffering as Americans cut down on eating out
(DBN)

______________

Retailing:

Why Retail Could See Up to Forty Bankruptcies
(DBN)

Sears can't afford to keep Ivanka Trump's brand
(DBN)

An overwhelming amount of retailers are losing money chasing Amazon
(DBN)

The Right To Zombify The Limited Sells For $26.8M
(DBN)

Insolvency Looms For Wet Seal Ch. 11, Creditors Warn
(DBN)

Retail's Creditors Left Grasping as Brands Are Put Out of Reach
(DBN)

______________

Electricity:

FirstEnergy talks bankruptcy and need for bailout of its nuclear plants FirstEnergy has no near-term plans to sell or deactivate plants
(DBN)

______________

Celebs:

'Dance Moms' star's bankruptcy fraud sentencing to be rescheduled
(DBN)

______________

Ports:

Outer Harbor To Face $13M Damage Claim, Del. Judge Rules
(DBN)

______________

UK:

Barclays swings to profit as overhaul nears end
(DBN)

______________

EU:

How France scrapping the euro could go beyond a ‘Lehman moment’ Would 'Frexit' mean economic disaster?
(DBN)

______________

PIIGS:

IMF chief says Greek debt needs to be restructured, not forgiven Why Greece's crisis has broken all previous records Creditors are the main culprits in the Greek crisis
(DBN)

______________

Canada:

Garth Drabinsky has paid his debt to society, lawyer tells Ontario securities regulator OSC opens curtains on latest Drabinsky proceeding to consider banning him from capital markets
(DBN)

______________

China:

How one Chinese region shows risks of relying on heavy borrowing
(DBN)

______________

Venezuela:

Venezuela’s economic crisis is so dire that most people have lost an average of 19 pounds
(DBN)

______________

Brazil:

Brazil builder PDG seeks court protection from creditors Debt Means Bankruptcy For PDG Realty
(DBN)

______________

India:

Bankruptcy Code: Huge pile-up is the real challenge
(DBN)

Distressed assets are an opportunity at present, says Sanjay Nayar
(DBN)

______________

Jamaica:

Supreme Court establishes new insolvency division
(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