February 28, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Firm Finally Announces Raises And Associates Are Less Than Excited
(DBN)

Changing Compensation Strategies Put Partners Under Pressure
(DBN)

Dewey Cooperator's Sweetened Deal Prompts Subpoena Fight
(DBN)

Biglaw Managing Partner’s #1 Piece Of Advice For Associates
(DBN)

Drinker Biddle Grows Revenue, PPP 6 Percent
(DBN)

Attorney Linda Worton Jackson joins Pardo Gainsburg as Name Partner Bankruptcy Pro's Move Reshapes 2 Miami Boutique Firms
(DBN)

Bankruptcy Pro Rejoins Squire Patton Boggs
(DBN)

Groupon is Creating Scorecards to Evaluate Outside Law Firms
(DBN)

Skadden's 100 Year Old Lawyer
(DBN)

Sullivan & Cromwell Makes First U.S. Lateral Partner Hire in Years
(DBN)

Jackson Walker Posts Big Gains in Income and Revenue
(DBN)

What Firm Comp Systems Are Really Rewarding
(DBN)

'Don't Be a Grump' and DLA's Other Advice for Associates
(DBN)

Trump Needs a Strong Lawyer
(DBN)

After Flat Year, Winston & Strawn Ratchets Up Lateral Hiring
(DBN)

Corporations Move Toward Encryption, But It's a Mixed Blessing for Legal
(DBN)

A Principle Isn’t A Principle Until It Hurts
(DBN)

Protecting Your Secrets (Part 4)
(DBN)

Small Law Firms Face Familiar Challenges
(DBN)

Lawyers - Can Your Family Afford for You to Stay White Collar?
(DBN)

After 130 Years, Harvard Law Review Elects a Black Woman President
(DBN)

Trump's Love-Hate Relationship With the First Amendment
(DBN)

Police Say More Than 100 Jewish Cemetery Headstones Have Been Damaged in Philadelphia 16 more Jewish centers got rocked by fake bomb threats 'Do More.' Jewish Leaders Are Demanding White House Action After Another Cemetery Was Vandalized
(DBN)

9th Circuit denies US request to stay travel ban appeal 9th Circuit Keeps Travel Ban Appeal on Track Rebuffing Trump, Ninth Circuit Moves Forward With Travel Ban Appeal
(DBN)

Artificial intelligence unlikely to replace lawyers anytime soon, report suggests
(DBN)

Upload to file-sharing site was like leaving legal file on a bench, judge says; privilege is waived
(DBN)

Alexa’s responses to customers are protected by the First Amendment, Amazon argues in murder case
(DBN)

Experts explain the problem with Reince Priebus' talk with the FBI
(DBN)

Father Shot Teen Who Snuck into Home to Visit Daughter, Deputies Say
(DBN)

Hundreds allege harassment, discrimination at Kay and Jared jewelry company
(DBN)

Should You Work For ‘Exposure’?
(DBN)

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Judges:

Hon. Judith K. Fitzgerald (Ret.) Appointed to the Board of Directors of Tucker Arensberg, P.C.
(DBN)

Some judges take the alternative-sentencing idea too far.
(DBN)

SCOTUS Slams Lawyers For Petty Bigotry… Which Is What They Wanted Anyway
(DBN)

Judicial originalism as myth
(DBN)

‘Reasonably fit’ reporter tries Justice Ginsburg’s workout and finds it is grueling
(DBN)

Federal Judge (and Former Colleague) Goes After Ruth Bader Ginsburg For Her ‘Political’ Comments
(DBN)

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Wall Street:

U.S. stocks struggle to resume record run
(DBN)

New highs for US stocks; Dow win streak longest since 1987
(DBN)

Why Trump's Next Speech Could Make or Break the Market How Trump talk Tuesday could end this ‘suckers’ rally’ in stocks
(DBN)

Trump's 'big' spending hopes nudge world stocks higher
(DBN)

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Layoffs:

When Robots Take Bad Jobs
(DBN)

Gap Inc. Plans to Trim Workforce With 216 Cuts
(DBN)

Family Christian to close Grand Rapids headquarters, lay off 170
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Accounting:

Ex-CFO of Bankrupt Enron Offers D&O Lessons From Accounting's 'Gray' Areas
(DBN)

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Awards:

The American College of Bankruptcy Announces Its 2017 Distinguished Bankruptcy Law Student Awardees
(DBN)

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Politics:

Can Donald Trump Be Wall Street’s Most Unlikely Savior? No evidence yet of Trump team, Russia contacts: key lawmaker Trump: 'I haven't called Russia in 10 years' 'We all need answers': George W. Bush pushes back on Trump’s policies, calls for Russia inquiry in rare interview What exactly do we know about Trump’s ties to Russia Sean Spicer enlisted CIA director and GOP watchdogs to push back on Russia reports 'We spend $6 trillion in the Middle East, and we have potholes all over our highways and our roads' 'Maybe he shouldn't tweet out every thought he has': Sean Hannity says Trump is maybe 'a little too sensitive' to criticism The problem with the claim that Trump is on a 'dictatorial path' FactCheck: Trump's CPAC Speech Issa: Special Prosecutor Needed for Trump 'I think he is behind it': Trump suggests Obama is organizing protests against him
(DBN)

Republicans Want To Make 2018 All About Elizabeth Warren . It Could Work. It Could Also Backfire.
(DBN)

George W. Bush on why we need media: Power can be ‘addictive’ and ‘corrosive’
(DBN)

GOP lawmaker tries to strip Clinton name from Little Rock airport
(DBN)

Report: Sean Spicer Directs White House Attorneys to Tap Staffers’ Phones in Major Leak Crackdown
(DBN)

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Healthcare:

Trump urges insurers to work together to ‘save Americans from Obamacare’ Trump on Obamacare's rising popularity: 'There's nothing to love — it's a disaster, folks, OK?' Trump: ‘Nobody Knew Health Care Could Be So Complicated’ GOP Plan to Repeal Obamacare: Hope It's Not Blocked Does Trump really know how to fix Americans’ health care? The Republican health policy agenda is getting more wobbly by the day GOP Hardliner Shoots Down Obamacare Replacement Draft
(DBN)

Beating Cancer Shouldn't Force Patients into Bankruptcy
(DBN)

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Aviation:

Warren Buffett says this is one behavior that causes airlines to go broke Airline stocks take a hit after Warren Buffett indicates he won't be adding to his bets
(DBN)

New Delaware Chapter 11 Filing – Lily Robotics, Inc. Drone Camera Developer Lands In Ch. 11 With $37M In Debt
(DBN)

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Hotels:

Trenton Wyndham Hotel owners pay off tax lien to avoid foreclosure
(DBN)

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Fraud:

Judge Orders Former Madoff Employee To Give Up $1.1M
(DBN)

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Corporate Reform:

President Donald Trump Issues Another Executive Order to Curb Regulations
(DBN)

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Economy:

Orders for Durable Goods rebounded 1.8% in January
(DBN)

Yellen could put March hike in play with Friday speech Markets are beginning to brace for a March Fed rate hike What a Fed Rate Hike in March Would Imply
(DBN)

Buffett: 'It's going to be very, very tough' for Republicans to pass revolutionary tax reform GOP Dream of Tax Reform Already in Trouble Tax Reform Eliminates Popular Deductions
(DBN)

Buffett-Gates: America's Already Great
(DBN)

Bill Gates says it's too early for basic income, but over time 'countries will be rich enough'
(DBN)

Fed may need to raise interest rates in 'near future': Kaplan
(DBN)

Fed Can't Do Three Things at Once
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Continues" in February
(DBN)

Atlanta Fed raises U.S. first-quarter GDP growth view to 2.5 percent
(DBN)

Consumer Sentiment Index Since 1978
(DBN)

Stockman: "After March 15 Everything Will Grind To A Halt"
(DBN)

The clearest part of Trump's economic plan is also the most delusional part
(DBN)

Trump seeks 'historic' increase of 9 percent in U.S. military's budget Donald Trump to Propose $54 Billion Increase in Military Spending How Much Do We Spend on War? Defense: The U.S. Outspends These Countries Combined Trump: The $54 billion increase in military spending will come from 'a revved up economy' Trump: 'We have to start winning wars again' Trump: We could spend $30 billion more than estimated on military Most problems 'do not have military solutions' — Top generals warn Trump on dangers of cutting State Department Trump stokes rally in defense stocks toward record highs Trump budget plan boosts defense over safety net, diplomacy There's a problem with Trump's plan to pay for a $54 billion defense increase with cuts to other agencies Mattis once said if State Department funding gets cut 'then I need to buy more ammunition' EPA Braces for 25% Budget Cut
(DBN)

Trump's big promises come due in major Congress speech What markets want to hear from President Trump may not be what they get
(DBN)

Trump Budget Leaves Entitlements Uncut
(DBN)

Trump and Paul Ryan Head for a Clash Over the Budget, and Ideology
(DBN)

The hidden costs of mass deportations Trump’s Deportation Plan Could Cost Hundreds of Billions of Dollars Trump-backing town angry after ICE detains beloved local Mexican restaurant owner
(DBN)

Why Millions of Americans Never Finish College
(DBN)

This Indiana Plant Still Closing for Mexico
(DBN)

The long path Donald Trump's budget needs to take to become law, explained Donald Trump’s budget plan is built on political tropes and bad math
(DBN)

Wilbur Ross, commerce nominee, questioned over bank's links to Trump Senate confirms billionaire investor Wilbur Ross as commerce secretary Wilbur Ross Fast Facts
(DBN)

How two of the most closely watched CEOs see the economy in the Trump era
(DBN)

Trump is already walking back his most important promise on the economy
(DBN)

Buffett: Free trade is 'wonderful' ... but not for everyone
(DBN)

College loans are making it harder for parents to retire
(DBN)

The retirement crisis may be overblown, study says
(DBN)

Donald Trump: First speech in Congress to address bolstering US military and debt-ridden federal budget in 'statement to the world'
(DBN)

What the US needs is more older workers, but a Fed study says employers refuse to hire them
(DBN)

Time to Restart That Old Capitalism Death Watch
(DBN)

A Trillion Dollars of Trump Toll Roads MIA: The Trillion Dollar Infrastructure Plan
(DBN)

Border Tax Will Make Jobs Problem Worse
(DBN)

Bank Card Default Rates Post Significant Gain in January
(DBN)

Mexico Warns US It'll Cut Off NAFTA Talks If Tariffs Added
(DBN)

How elites profit from the myth of American bankruptcy
(DBN)

A BART janitor made $270,000 in a year
(DBN)

Why Trump’s Next Move Against China Could Spark a Trade War
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

NAR: Pending Home Sales Index decreased 2.8% in January, up 0.4% year-over-year Pending-home sales slide to a 12-month low as supply dwindles Pending home sales hit lowest level in a year
(DBN)

How to Save a Dying Mall
(DBN)

House Price Index up 0.1% in December, Up 5.7% year-over-year
(DBN)

Property cash sales to hit pre-crisis levels this Summer
(DBN)

Provincetown Bidding on Bankrupt Timeshare Complex
(DBN)

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Municipalities:

Gatekeepers Gone Wrong: Reforming the Chapter 9 Eligibility Rules
(DBN)

U of Puerto Rico Faces Massive Budget Cut
(DBN)

Don't Dismiss the Detroit Turnaround
(DBN)

Chicago Braces for an Austerity Double Whammy
(DBN)

County that shelled out tax rebates for creationist Ken Ham’s Ark museum ‘teetering on bankruptcy’
(DBN)

NMI 'in the midst of a healthcare crisis'
(DBN)

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Oil/Gas:

US crude settles at $54.05, up 6 cents, as bearish stockpile data cut into early gains
(DBN)

Rig firm Seadrill says may file for Chapter 11 bankruptcy
(DBN)

Pacific Drilling: Chapter 11 Is A Real Option
(DBN)

Claiming millions of dollars missing, an Alaska exploration company sues 2 former executives
(DBN)

Wind, solar dominate additions to power grid in 2016
(DBN)

Funds Prepare $2 Billion Oil Market Play
(DBN)

Saudi Arabia wants oil prices to rise another 10%
(DBN)

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Autos:

Tesla Bankrupt Without A Capital Raise? The Skeptic's Critics Strike Back Tesla deepens recent losses after Goldman recommends selling
(DBN)

Takata pleads guilty to deadly air bag scheme, will pay $1 billion Takata's U.S. Guilty Plea Sets Stage for Sale of Air-Bag Maker Takata Air-Bag Victims Seek to Delay $1 Billion Settlement Takata Plea Deal Complicates Civil Suits Lawsuit: Automakers Knew About Takata
(DBN)

GM Defective Tire Suit Remains Stayed After Appeal Bid Fails
(DBN)

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Apparel:

BCBG May Be Going the Way of American Apparel: Bankrupt
(DBN)

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Gambling:

Straub, owner of former Revel, fighting A.C. over PILOT payment
(DBN)

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Pensions:

Almost one million American pension plans on verge of insolvency
(DBN)

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Telecoms:

Bankrupt Avaya seeks to dump suite at 49ers stadium
(DBN)

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Hollywood:

Netflix Wins Dismissal of Two Claims in Relativity Case
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (42 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:

Bankruptcy Claims Trading
(DBN)

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Executory Contracts:

Business Judgment Avaya Rips 49ers' Performance In Bid To Nix Suite Contract
(DBN)

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TBTF:

AIG looks at penalizing or ousting CEO over turnaround plan
(DBN)

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Discovery:

Bankruptcy Court Limits Rule 2004 Requests
(DBN)

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Ch. 13:

Should ‘Possible’ Changes in a Debtor’s Financial Condition Allow Modification of a Confirmed Chapter 13 Plan?
(DBN)

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Constructive Trusts:

What’s Yours is Mine and What’s Mine is For the Benefit of My Creditors: Bankruptcy Courts Remain Reluctant to Impose Constructive Trusts on Debtor Property
(DBN)

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Contracts:

Delaware Bankruptcy Court Finds Debtor Did Not Properly Terminate Contract, Faces Significant Breach of Contract Damages
(DBN)

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Tax:

SCOTUS Declines to Decide Late-Filed Tax Return Issue
(DBN)

EFH Tells Bankruptcy Judge It Owes IRS $47.6M, Not $7.8B
(DBN)

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Safe Harbors:

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

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Applicable Nonbankruptcy Law:

Sixth Circuit Weighs in on the Phrase “Applicable Nonbankruptcy Law” Under the Bankruptcy Code
(DBN)

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Discharge:

Judgments for Malice in California Aren’t Nondischargeable Automatically
(DBN)

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Surplus:

Federal Judgment Rate Is Employed when Claims Are Paid in Full
(DBN)

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Accounting:

Should have used lawyers: Are PwC accountants to blame for ‘La La Land’ Oscars blunder? Oscars screw-up 2017: How a rule led to the massive best-picture flub The internet's best reactions to the Oscars' best picture fiasco Could Oscars' Fiasco Lead to Showstopping Lawsuit? 'Tweeting' accountant blamed for Oscar best picture blunder
(DBN)

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Celebs:

Gawker Founder Nick Denton No Longer Needs Bankruptcy Protection
(DBN)

‘Dance Moms’ Star Ashlee Allen: Abby Miller ‘Left Us,’ ALDC Owner Exits Show?
(DBN)

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Education:

ITT trustee hires ‘feared’ litigators
(DBN)

Higher Ed ‘Do Not Resuscitate’ Orders
(DBN)

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Banking:

Buffett: Wells Fargo's accounts scandal was 'a huge mistake'
(DBN)

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Newspapers:

Warren Buffett names the only 2 newspapers that have an 'assured future'
(DBN)

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Coal:

How Peabody Energy plans to pay big bankruptcy exit bonuses Coal revival means big stock bonuses at bankrupt Peabody
(DBN)

Chance of China Intervention Helping US Coal Miners
(DBN)

Coal Industry Casts Itself as a Clean Energy Player
(DBN)

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Retailing:

Number of distressed U.S. retailers at highest level since Great Recession
(DBN)

Appliance, Electronics Store HHGregg On Cusp Of Bankruptcy
(DBN)

'I got my head handed to me:' Warren Buffett sounds an alarm on Walmart and the entire retail industry
(DBN)

How one teen retailer is thriving while its competitors flounder
(DBN)

News of the Shut-Down of Family Christian Stores Leaves Host of Unanswered Questions
(DBN)

Two Retailers, One Big Worry
(DBN)

Target's shares plunge as sales and earnings fall short in the holiday quarter
(DBN)

Contract Holders Oppose Eastern Outfitter's Sale Timeline
(DBN)

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Student Debt:

Trump is right: Student loan debt an 'albatross' on families, young people
(DBN)

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UK:

Britain's financial regulator is sounding the alarm on a 'cliff edge Brexit'
(DBN)

U.K. consumer confidence drops in February: GfK
(DBN)

UK and Canada closing the door on millennials owning homes: HSBC study
(DBN)

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PIIGS:

ie: Banks recover just 34% of mortgage debt in bankruptcy
(DBN)

Bailout inspectors back in Athens to resume review talks
(DBN)

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Canada:

Sunrise Records Taking Over Dozens of Closed HMV Stores Across Canada
(DBN)

Priority of creditors in bankruptcy
(DBN)

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India:

India's Slow-Motion Bank Crisis
(DBN)

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China:

Why "Made in China" could soon be a thing of the past
(DBN)

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South Africa:

The South African industries hardest hit by insolvency
(DBN)

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Ukraine:

Deposit Guarantee Fund to sell assets of 41 insolvent banks worth UAH 2.2 bln this week
(DBN)

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Norway:

Ezra's Norwegian unit and Japanese joint venture file for bankruptcy
(DBN)

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