February 8, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Debt restructuring and bankruptcy could be the biggest growth industry of 2017
(DBN)

ABA 'Overwhelmingly' Rejects 75% Bar Passage Requirement • ABA's Rejection of Stricter Bar-Pass Rule Draws Support, Criticism
(DBN)

Dewey Judge Shoots Down Mistrial Motion As Retrial Opens • New Jury Hears Dueling Views of Dewey's Collapse • DA Aims to Simplify as Dewey & LeBoeuf Retrial Kicks Off
(DBN)

Where are they now? Nearly half of lateral partner hires don’t stay full five years
(DBN)

Jury awards ousted general counsel nearly $8M; metadata is said to be important evidence
(DBN)

Bias Incident At Law School May Only Be Tip Of The Iceberg
(DBN)

How To Get Commercial Claims Litigation Cases Funded
(DBN)

Charlotte Alumni Demand Resignations Of Law School Leadership • Charlotte Agrees To ‘Teach-Out’ Plan… But Does It Meet DOE Requirements?
(DBN)

Will The Real Jones Day Please Stand Up?
(DBN)

Dentons domination: Largest law firm in the world eyes Dutch tie-up
(DBN)

Innovation report shows technology reshaping the legal sector
(DBN)

Rewire The Legal Profession With More Business Training For Lawyers
(DBN)

The Most Vicious Type Of Litigation
(DBN)

Are You A Solo? Do You Think You Are An Entrepreneur? Think, Again.
(DBN)

The Dan Markel Case: Justice Delayed?
(DBN)

Ashurst accounts shed light on profits dip and cost of firmwide investments
(DBN)

Trump: We'll take the immigration ban to the Supreme Court if we have to because 'it's common sense' • The Key Arguments in State of Washington vs. Trump • Tracking Trump's Travel Ban Through the Legal Maze • The Courts and Trump's Immigration Order • A constitutional expert explains the issues at stake in Trump’s travel ban • Why Iran’s supreme leader just thanked Trump for his Muslim ban • The law backs a president's power on immigration. Here's where the travel ban differs • Who Are Three 9th Circuit Judges Deciding Trump Immigration Ban? • Like Many Americans, A Judge On The Court Weighing Trump’s Refugee Ban Was A Refugee • Fiery judges grill lawyers over the fate of Trump's travel ban • In Travel Ban Appeal, Judges Don't Accept 'We're in a Rush' Excuse • At Ninth Circuit, Big Law Makes Its Stand Against Trump Travel Ban • What's Next in Hot-Button Travel Ban Litigation? • Muslims Have Been Banned from US Before
(DBN)

Suit claims legal funding firm misled 9-11 responders, retired NFL players about its cash advances
(DBN)

Melania Trump's Attorney May Have Just Blown Her $150 Million 'Brand' Claim against Daily Mail • In Lawsuit, Melania’s Lawyers Claim ‘Once in a Lifetime’ Chance to Cash in on White House Role Ruined • Melania Sues Daily Mail for $150M for Keeping Her from Getting Rich off the White House
(DBN)

Advice From Super Bowl 51 On How To Handle The Worst Employee Ever
(DBN)

This Lawyer Is No Stranger To Media Adaptations Of His Career
(DBN)

Florida Public Defender Fires Lawyer Over BlackLivesMatter, Still Claims He’s Totally Not Racist
(DBN)

Lawyer posts viral account of subway passengers joining to scrub swastika graffiti
(DBN)

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Judges:

Gorsuch Paid $3.28 Million By Former Firm , Under 2005 Deal • Feinstein Impressed with Judge Gorsuch
(DBN)

Ruth Bader Ginsburg: change the Electoral College
(DBN)

GOP Doesn't Care Trump is Trashing Judges
(DBN)

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Wall Street:

Stock futures inch up after Nasdaq record, but energy sector looks vulnerable
(DBN)

Stocks close mixed as energy drops 1%; Dow and Nasdaq hit record highs
(DBN)

Fear in a time of Trump: How Wall Street thinks about risk
(DBN)

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Layoffs:

Layoff Watch ’17: Deutsche Bank Fixed Income Traders Will Be Treated To A Bloodbath Once HR Gets Done Decimating Equities Traders
(DBN)

Bankrupt Louisiana hospital faces lawsuit over layoff notification
(DBN)

Penske Automotive to lay off more than 160 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM earns $9.43 billion in 2016; UAW workers get record profit sharing • General Motors Stock Dives Despite Pledge to Sell 38% More Cars Over Next Three Years • General Motors ' Operating Profit Drops Despite Revenue Gains • Why Investors Remain Cool After GM Earnings • Currency losses hit GM fourth quarter profits • GM Doesn't Pay Taxes, but Still Wants Reform? • GM sells 10 million cars for first time thanks to China • Mexico Is Key Cog in GM's Profit Machine
(DBN)

Fisker Automotive Can't Escape Investor Suit Alleging Fraud
(DBN)

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Solar:

Trump's energy plan doesn't mention solar, an industry that just added 51,000 jobs •
(DBN)

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Healthcare:

Bad Times for Hospital in the Bayou State
(DBN)

Troubled nursing home petitions Supreme Court to preserve its Medicare, Medicaid certifications
(DBN)

Ryan Says Congress Will Stick to Replacing Obamacare This Year
(DBN)

Why the GOP Plan for Medicaid Could Be a Bad Deal for the States
(DBN)

One-third of Americans don't appear to know Obamacare and the Affordable Care Act are the same thing • Conservatives Are Impatient with Trump’s Slow Repeal of Obamacare • How Republicans Might 'Repair' Obamacare Before Repealing It • Obamacare Repeal Is Failing Because It Was Based on a Lie • From 'Repeal' To 'Repair' • Obamacare Metamorphosis Begins • GOP Fears for Their Safety Over Obamacare
(DBN)

US patients who see immigrant doctors live longer than those treated by their American-trained colleagues
(DBN)

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Student Debt:

What to expect on student debt from Betsy DeVos
(DBN)

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Debt Collection:

3 in 4 say debt collectors defy requests to stop calling
(DBN)

Ninth Circuit: Trustees Are Not “Debt Collectors” Under the FDCPA
(DBN)

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Shipping:

Ultrapetrol files for chapter 11 bankruptcy
(DBN)

Rump of the Hanjin fleet up for sale pending bankruptcy announcement
(DBN)

Maersk slumps to only its second annual loss in seven decades
(DBN)

World's largest shipping firm says demand has outgrown supply for first time since 2010
(DBN)

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Credit Reporting:

Consumer alleges inaccurate credit reporting following bankruptcy
(DBN)

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Fraud:

Broward insurance firm-turned-‘Ponzi scheme’ cost Florida, policyholders $100 million
(DBN)

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Mining:

Russian-Born Billionaire Makes Play for U.S. Rare Earths Mine Mountain Pass
(DBN)

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Celebs:

Michael Jackson was near bankruptcy banker testifies as court prepares to decide if his estate owes $1 billion in unpaid taxes
(DBN)

Kristen’s Nightmare! Alice Doute’s Files For Bankruptcy & Loses Childhood Home
(DBN)

Remember When ... Anna Nicole Smith Overdosed in a Florida Hotel Room — 10 Years Ago Today
(DBN)

Chris & Jac Laurita’s Bankruptcy Case Delayed After Lawyers Quit
(DBN)

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Economy:

Fed's Kashkari: There are a few simple reasons why I voted to keep rates on hold
(DBN)

BLS: Job Openings "little changed" in December • US Job Market Healthy in December
(DBN)

US companies looking ready to spend, spend, spend — and hire
(DBN)

Hiring and Job-Quitting Rates Remain Shy of Recent High-Water Marks
(DBN)

A $30 billion hedge fund's foreboding letter on Trump starts with quotes from The Joker, 'Lord of the Flies' and Thomas Jefferson
(DBN)

Young Americans Would Rather Disclose Their STDs Than Their Debts
(DBN)

Larry Summers: Trump administration’s grousing more like an East Hampton cocktail party than a serious policy discussion
(DBN)

U.S. trade deficit hits highest level in four years • Trade Deficit at $44.3 Billion in December • U.S. trade deficit falls as exports hit more than 1-1/2 year high • Why the U.S. has a huge trade deficit
(DBN)

The ripple effects of Trump's import-tax plan
(DBN)

GM Says It Supports Tax Reform, But Border Tax Is Complicated
(DBN)

Something that 'usually only happens in recessions' is popping up in the US economy
(DBN)

What defines a nation’s identity
(DBN)

Trump's infrastructure plan has huge risks • Trillion Dollar Infrastructure Plan is DOA • The War Over Who Owns Our Infrastructure
(DBN)

Here’s Why Trump May Be Sending More Jobs to Mexico than He Saves
(DBN)

Homeland Security secretary expects wall to be 'under way' within two years • Trump’s version of a lawless US-Mexico border is being disputed by the people who live there • United Airlines CEO: Trump's Mexico wall is 'damning and damaging' to America • Homeland Security: Parts of Trump's border wall may just be a fence • The Truth about Mexico • Here's a look at US trade with Mexico • Trade Deficit With Mexico Is Good for America • Problem Building the Great Wall of America
(DBN)

Trump's Trade Rejection Is a Blight for U.S. Cotton
(DBN)

The places in America most exposed to a trade war
(DBN)

Billionaire Extremely Worried About Trump
(DBN)

A New Reason for Foreigners to Avoid Google and Facebook • Corporate America is freaking out about Trump's H-1B visa reform
(DBN)

It looks like Trump has enraged yet another American industry
(DBN)

Economists estimate the long-term consequences of big tax cuts
(DBN)

Why Donald Trump’s Treasury pick misled Congress about how his bank seized homes
(DBN)

Trump Fact Check: "I have already saved more than $700 million when I got involved in the negotiation on the F-35."
(DBN)

What Donald Trump doesn’t understand about trade
(DBN)

Sen. Elizabeth Warren to release new book about fight to 'save America's middle class'
(DBN)

A $100 billion fund manager tells us what keeps her up at night
(DBN)

Trump may soon label China a currency manipulator, Deutsche Bank says
(DBN)

States Where Middle Class is Left Behind
(DBN)

Baby Boomers: Please Don't Retire
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House Prices up 7.2% Year-over-year in December
(DBN)

Mortgage applications rise 2.3% as rates hit 3-week low • MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Housing confidence takes a turn, ends 5-month decline
(DBN)

Foreclosure Starts by Year Since 2000
(DBN)

Here's how many years you need to work to afford a down payment in 15 US cities
(DBN)

When a Kmart Store Dies Here's Who Wins
(DBN)

If you're planning to buy a house this year, here's how the Trump administration could affect you
(DBN)

Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply
(DBN)

Broker: Houston's office leasing slowdown reminiscent of post-Enron years
(DBN)

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Municipalities:

That Detroit recovery? In some ways, the city is worse off than in 2010
(DBN)

In Puerto Rico , A Debt Crisis That Need Not Exist
(DBN)

KY: Concerns pack rural courthouse over bankruptcy , tax hikes
(DBN)

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Oil/Gas:

Oil companies feel the crunch as drilling costs rise in hottest US fields
(DBN)

Tues.: US crude settles at $52.17, down 1.6%, as weak gasoline demand and strong dollar weigh • Oil futures logs lowest finish in almost 3 weeks • Oil Prices Fall Ahead Of Inventory Data
(DBN)

Weds.: Oil prices tumble as investors brace for possible spike in U.S. supply
(DBN)

API: Biggest Crude Oil Build in US History
(DBN)

Exxon Calls Samson Resources Ch. 11 Plan Unclear
(DBN)

Sinking Cal Dive Asks For Ch. 7 Liquidation
(DBN)

Emerald Oil Ch. 11 Disclosures Get Unopposed Go-Ahead
(DBN)

Expect more big deals in 2017, Moody’s says
(DBN)

EIA raises 2017 U.S. crude oil production and price outlooks
(DBN)

Global oil glut disappearing faster than expected
(DBN)

Insolvency Practitioner Joins Ocean Rig Board
(DBN)

Energy Firms Topped Bankruptcy , Restructuring Activity in 2016
(DBN)

The World Is Still Recovering From Its Oil Hangover
(DBN)

Big Oil Loses Its Mojo
(DBN)

Is the U.S. becoming OPEC’s nightmare? Analysts wait for key report Wednesday to tell
(DBN)

Offshore Drillers Still Seeking Recovery Enjoyed by Shale
(DBN)

Some oil drillers feel the crunch as well costs rise in the hottest US fields
(DBN)

Vanguard: Down But Not Out
(DBN)

NOV reports $714 million loss to close year
(DBN)

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Politics:

Donald Trump , Paper Tiger • Trump Upset That a Woman Played Sean Spicer on SNL • Donald Trump's Alt-Reality • Why the Trumps' Travel Expenses Matter • Trump and his nominee for labor secretary disagree on almost everything about the future of work • Trump offers to 'destroy' career of Texas state senator whom sheriff complained about • Trump keeps repeating his debunked claim that the murder rate is at its highest in 47 years • Blacklisted: Mattis is reportedly 'not happy' the White House is blocking his choice for a key staff position • Trump Demands Freedom to be Fleeced
(DBN)

Pence Makes History, Helps Senate Republicans Confirm DeVos
(DBN)

Elizabeth Warren: 'They can shut me up, but they can't change the truth' • Here are the words that got Elizabeth Warren banned from speaking in Senate • Warren silenced for reading Coretta Scott King letter at sessions debate • Who is Elizabeth Warren, the Democratic scourge of Donald Trump and potential 2020 White House candidate?
(DBN)

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Retailing:

BCBG Said Shopping for Bankruptcy Counsel
(DBN)

A double whammy from Trump and Amazon has short sellers piling into AutoZone
(DBN)

Bond Traders Are Betting Sears Will Go Out of Business in Two Years
(DBN)

The case for why Amazon should buy Macy's
(DBN)

Bankrupt Nasty Gal accepts the only bid it received
(DBN)

RadioShack Trustee Fights Wage Suit, Creditor Payments
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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 Rates Lowest in Years
(DBN)

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Reclamation:

Delaware Bankruptcy Court Upholds Creditor’s Reclamation Claim
(DBN)

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Avoidance Actions:

S.D.N.Y. Bankruptcy Court Dismisses Preference Action Involving International Transfer
(DBN)

Terminating a Contract Is a Transfer of an Asset — Sometimes
(DBN)

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Mediation:

“This is the dawning of the Age of Aquarius [for Bankruptcy Mediation]”? — A New Jersey Example
(DBN)

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Exemptions:

Massachusetts Bankruptcy Court Finds that Debtor Can Claim an Exemption in Her Home Even if She Does Not Live There
(DBN)

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Trustees:

Ch. 7 Trustee Sought In SD GA
(DBN)

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Property of the Estate:

Debtor Still Protected by Automatic Stay Even after Right of Redemption Terminates
(DBN)

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Corporate Reform:

Trump's push to roll back financial regulation is a 'big mistake' that threatens a new financial crisis • Obama's top economist says Trump's case for gutting investor protections makes no sense • Debating Whether Dodd-Frank Is Worth Saving • Lawyers say Trump executive order does not overhaul Dodd-Frank • Why investors could see a $100 billion windfall from Dodd-Frank reform efforts • Trump’s Dodd-Frank Do-Over Diverted to Slow Lane With Obamacare
(DBN)

Senate Bill Proposes 5-Member Board Structure For CFPB
(DBN)

Hensarling to President Trump: Fire CFPB Director Cordray ASAP
(DBN)

______________

Coal:

There are now twice as many solar jobs as coal jobs in the US •U.S. Solar Jobs Rose 24.5%
(DBN)

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Advisors:

AlixPartners Announces 24 Promotions to Managing Director
(DBN)

Industry Veterans Launch National Turnaround Firm
(DBN)

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Religion:

Gallup diocese bankruptcy case closed, $17.6 million paid to claimants
(DBN)

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Food/Beverage:

TN: Court filings: Pure Foods in Kingsport goes bankrupt
(DBN)

Cosi Reaches Deal In Franchisee Fee Dispute
(DBN)

Garden Fresh Gets More Time To File Ch.11 Plan
(DBN)

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Pensions:

Union Retirees Cut Their Own Pension to Forestall Doomsday Scenario
(DBN)

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Non-Profits:

Melanie Gray Discusses Abrupt Closing of Adoption Center • Agency's bankruptcy dashes adoption hopes across U.S. • Heartbroken Families Demand Answers After Adoption Agency Abruptly Closes
(DBN)

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Group Buying:

US Trustee Says DirectBuy Ch. 11 Plan Not Transparent
(DBN)

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Towing:

United Road Towing Gets OK To Tap Part Of $35M DIP Loan
(DBN)

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Alternative Energy:

Trump’s Team Said to Urge Freeze to Program That Aided Solyndra
(DBN)

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Agriculture:

$35,000 to settle Turner Grain dispute
(DBN)

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UK:

Rangers liquidators in £30m legal action against administrators
(DBN)

Inside the crash of Fling, the London startup whose founder partied in Ibiza while his company burned through $21 million
(DBN)

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EU:

European Distressed Debt Market Outlook 2017
(DBN)

European Central Bank to Trump: 'We Are Not Currency Manipulators'
(DBN)

Europe’s fear of Muslim immigration revealed in widespread survey
(DBN)

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PIIGS:

Greece: IMF in Disagreement Over Bailout Measures • Fresh split between IMF and euro area over €86bn Greek bailout • Investors fear 'accident' as Greek debt repayment nears • Greece to Fall Short on Bailout Targets According to IMF • IMF split demonstrates controversy over Greek bailout • The IMF Staff Has It Right on Greece • Greece Hits Back Against IMF as Bond Market Remains Spooked
(DBN)

Italy's 'bitter' bank rescue tsar bemoans strategy vacuum
(DBN)

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China:

China has now spent $1 trillion defending its currency
(DBN)

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India:

A timeline showcasing Vijay Mallya's bank-loan debacles and downfall of Kingfisher Airlines • It's the end of good times for Mallya • Bad times for the King
(DBN)

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Australia:

ASIC studies Antares implosion
(DBN)

Cracks Are Appearing in Australia’s Trillion-Dollar Debt Pile
(DBN)

Does Australia's Debt Pile Signal a Possible Crisis?
(DBN)

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Brazil:

In Brazil, recession and housing cuts push families onto the street
(DBN)

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Offshore:

Offshore insolvency litigation continues to drive hires
(DBN)

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Malaysia:

Bankruptcy Act Amendment To Reduce Debtors’ Burden.
(DBN)

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