January 11, 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

3-Column Formating

 

Law:

Report: Firm Leaders Showing More Economic Confidence in 2017
(DBN)

The Brave New Biglaw World
(DBN)

Veteran Bankruptcy Lawyer Howard Beltzer Joins Chadbourne
(DBN)

What Law Firm Partners Lack: The Will to Act
(DBN)

The Transforming Profession
(DBN)

Chadbourne Sees Partner Changes Amid Gender Bias Litigation
(DBN)

Freshfields downsizing secretarial team by up to 180 staff
(DBN)

Simple Things We Do That Waste A Lot Of Time (Part 1)
(DBN)

Beyond Biglaw: The Importance Of Tradition
(DBN)

Why Lawyers Are Bad At Relationships
(DBN)

Charlotte School of Law students reportedly will receive loan money for spring semester Charlotte Dean Fires Associate Dean For Academics And Faculty Development Who 'Acted As Shield Between InfiLaw And Faculty And Students' Is Doomsday Imminent for Charlotte Law School?
(DBN)

Michael Z. Brownstein Joins Tarter Krinsky & Drogin's Bankruptcy Practice as Counsel
(DBN)

Schulte Roth & Zabel Announces Promotions
(DBN)

Donald Trump's Go-To Guy for His Toughest Legal Battles
(DBN)

Why HGTV Stars Chip And Joanna Gaines Can Help Solve The Lawyer Shortage In Middle America
(DBN)

BigLaw, Unique Branding - Magical Thinking about Growth
(DBN)

Sessions denies racism, says he abhors the Klan in confirmation hearing remarks Jeff Sessions goes through 8-hour grilling on first day of highly anticipated confirmation hearing ‘You can’t arrest me — I’m white!’: Protesters dressed as Klansmen ejected from Sessions hearing LGBT Rights Champion Olson Supports Jeff Sessions The Sessions Confirmation Hearing: The Best Tweets So Far ‘I abhor the Klan and what it represents and its hateful ideology’ Sessions defends his civil rights record as protesters disrupt confirmation hearing The Jeff Sessions confirmation hearing: What he said about immigration, race, pot, and Hillary There was one moment in Jeff Sessions’ confirmation hearing that revealed why so many are so terrified of him Jeff Sessions Smooth-Talks the Senate Jeff Sessions Rejects Charges He Holds Racist Views
(DBN)

Lawyers: FBI uses Best Buy Geek Squad techs as paid informants
(DBN)

Trump wins defamation case; judge says his ‘intemperate tweets’ are opinion
(DBN)

KWM pushes back administration date 'The bank has put us in an impossible situation' - Bednall's email to KWM Europe staff
(DBN)

PGA Golfer Gets Sponsored by Big Law Firm
(DBN)

______________

Judges:

Donald Trump reportedly shortens Supreme Court shortlist; which are the pundit favorites?
(DBN)

Conservative groups plan ‘robust’ ad campaign to get Senate Dems to support Trump SCOTUS nominee
(DBN)

Can Trump’s Supreme Court Pick Be ‘Borked’?
(DBN)

Ginsburg writes a personal note to an 8-year-old fan
(DBN)

Ninth Circuit Judges To Lawyer: Lying In Court Is Wrong, Mkay?
(DBN)

______________

Wall Street:

U.S. stock market awaits cue from Trump
(DBN)

U.S. stocks finish mixed as Nasdaq climbs to third straight record close
(DBN)

Why Goldman sees only 90 good days for U.S. stocks in 2017
(DBN)

Jeffrey Gundlach says he expects markets to reverse postelection moves
(DBN)

______________

Layoffs:

Illinois companies announce 464 mass layoffs, mostly in Cook County
(DBN)

Hartford Projects 200 Teacher Layoffs Under Most Likely Budget
(DBN)

Austin's Luminex lays off 50
(DBN)

HOPE to lay off more than 100 workers
(DBN)

Wal-Mart Plans New Round of Job Cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

American Apparel Sold in Bankruptcy Auction
(DBN)

______________

Food/Beverage:

Cerberus acquires Garden Fresh
(DBN)

Redskins-Themed Restaurant Hail & Hog Files for Chapter 11
(DBN)

______________

Healthcare:

Shuttered Texas hospital files for bankruptcy
(DBN)

CIH: We owe a lot of people a lot of money
(DBN)

AP Fact Check: Obamacare is not in a 'death spiral'
(DBN)

Trump pushes Republicans to repeal Obamacare 'sometime next week'
(DBN)

Trump Taps Vaccine Skeptic to Chair 'Committee on Vaccine Safety'
(DBN)

Employees of former St. Clare's Hospital face pension insolvency
(DBN)

______________

Marijuana:

California firm buys troubled Syracuse medical pot dispensary
(DBN)

______________

 

Economy:

Consumer Delinquencies Rise in Third Quarter
(DBN)

Optimism on Main Street surged in December on hopes for changes under Trump: NFIB Small-Biz Optimism Surges Most Since '80 NFIB: Small Business Optimism Index increases in December
(DBN)

Trump's Commerce pick Wilbur Ross is no stranger to protectionism
(DBN)

US led by Trump is not likely to get its AAA rating back any time soon: Standard & Poor’s
(DBN)

Self-made millionaire: The French are wrong. Work-life balance should not be the goal
(DBN)

Credit Card Spending Jumped in November
(DBN)

Adding Jobs Would Be a Steep Climb for Trump
(DBN)

What does Trump's 'big border tax' threat really mean?
(DBN)

Data show that the world’s poor have still not recovered from the 2008 financial crisis
(DBN)

Obama’s economic legacy: Here’s where we (and these 4 industries) are better off
(DBN)

False Dawn in America
(DBN)

Top U.S. trade official sounds alarm over protectionist policies
(DBN)

What the World Might Look Like in 5 Years, According to U.S. Intelligence
(DBN)

Trump’s fiscal plan could boost U.S. growth to nearly 3% next year, World Bank says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

"Here's what really caused the housing crisis"
(DBN)

Why home builders can’t — or won’t — meet housing demand
(DBN)

Foreclosure inventory declines another 30%
(DBN)

America's Fastest-Growing Loan Category Has Eerie Echoes of Subprime Crisis
(DBN)

Obama administration lowers government mortgage costs, claims Trump won’t reverse
(DBN)

____________

Municipalities:

Senator Highlights Colonialism's Bankruptcy in Puerto Rico
(DBN)

Puerto Rico fights back doctors' exodus granting them huge tax incentive
(DBN)

Puerto Ricans to see lower power bills amid economic crisis
(DBN)

Puerto Rican statehood can wait; economy can't
(DBN)

______________

Oil/Gas:

Energy Department: U.S. oil production declines are over
(DBN)

Russia Has Started Cutting Oil Output
(DBN)

US crude settles at $50.82, striking one-month low on strong dollar, OPEC cut doubts
(DBN)

In the past two years, 114 drillers and oil field services firms went bankrupt
(DBN)

Oil drillers are expanding again after losing half-million jobs
(DBN)

Energy’s Drunken-Sailor Legacy Hangs Over Plans for Debt Rescues
(DBN)

Oil Industry Starts Revival as Project Approvals to Double
(DBN)

Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery
(DBN)

Junk energy bonds premium eroded as oil price surges
(DBN)

Seismic Industry Still Reeling From Oil Price Bust
(DBN)

Abeinsa Holding Inc. Obtains Ch. 11 Plan Confirmation
(DBN)

______________

Politics:

A Canadian bankruptcy adds to Trump's legal woes Critics Say Trump Appointees Can Dodge a Huge Tax Bill. That’s Not the Case. Unparalleled Resistance Looms for Trump After Inauguration Lawsuits over Trump business threaten to tie up presidency Unverified Dossier: Trump's Deep Relationship with Russia Trump Received Unsubstantiated Intelligence on Ties to Russia Russia Says It Has No Compromising Material on Trump Trump blasts Russian allegations as ‘total political witch hunt’ Can Trump Avoid a Constitutional Crisis?
(DBN)

20 Year Old Voter Gives Up on Democracy
(DBN)

Ivanka Trump is resigning from her fashion brand
(DBN)

Trump Nominees Financed Senators Deciding Their Fate
(DBN)

FBI Director: ‘Can’t comment' on whether we are investigating reports Trump had contact with Russia during election
(DBN)

FBI's Comey: Republicans also hacked by Russia
(DBN)

______________

Retailing:

Ex-RadioShack Lender Starts Firm to Bet on Retail Turmoil
(DBN)

American Apparel bankruptcy deal leaves retail future in doubt American Apparel Goes Canadian as Gildan Buys Assets at Auction American Apparel's 'made in U.S.' heritage uncertain after deal
(DBN)

______________

Lehman:

Panel Allows Suit Over Lehman Bankruptcy Claims to Proceed
(DBN)

______________

Distressed Investing:

Distressed Debt Hedge Funds Were Best Performing Strategy For 2016
(DBN)

______________

Celebs:

David Cassidy: I woke up in debt this morning
(DBN)

Two years after controversial reality star Todd Chrisley agreed to settle his $45 million bankruptcy case, he still owes HALF the money - and risks having the deal reversed and being found in contempt
(DBN)

______________

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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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)

______________

Bankruptcy Statistics:

Bankruptcy Rate Rises in December . . . A Blip and Not a Blip
(DBN)

Bankruptcy Filings from US Businesses in 2016 Surpass 2015 Total
(DBN)

2016 Corporate Bankruptcy Recap: Bankruptcies Up 25%; 41% Were Oil & Gas/Energy Sector-Related
(DBN)

Commercial Chapter 11 Filings by Month, 2013-16
(DBN)

AlixPartners Survey: Restructuring Activity to Increase in 2017
(DBN)

______________

Proofs of Claim:

Argument preview: Justices to consider stale claims in consumer bankruptcies
(DBN)

______________

Cross-Border:

Nortel – finally, the ground-breaking cross-border bankruptcy settlement
(DBN)

______________

Mediation:

How a Contrarian Gets its “Motion to Compel Mediation” Denied
(DBN)

______________

DIP Finance:

Administrative Expenses under DIP Financing: The Joke’s On You
(DBN)

______________

Jurisdiction:

Nuanced Appellate Decision in Case Claiming Bankruptcy Judge Conflict
(DBN)

______________

Judicial Estoppel:

Tenth Circuit: Asarco’s Settlement in Bankruptcy Proceeding Does Not Bar CERCLA Contribution Claim
(DBN)

______________

Maritime:

Circuit and District Courts Split on Maritime Liens in the Wake of Bankruptcy
(DBN)

______________

Autos:

Volkswagen agrees $4.3 billion penalties Volkswagen close to pleading guilty over emissions scandal
(DBN)

Volkswagen's emissions scandal is one example of the Obama administration's failure to go after corporate criminals
(DBN)

______________

Construction:

Company's Bankruptcy Halts Multiple Tri-State Construction
(DBN)

______________

Corporate Reform:

Senators Call on Trump to Fire Cordray
(DBN)

______________

Religion:

Judge approves Stockton diocese bankruptcy plan
(DBN)

______________

Fraud:

Winners Call Poker Tourney a Ponzi Scheme
(DBN)

______________

Coal:

Can West Virginia's New Governor Save Coal Country?
(DBN)

______________

UK:

The Road Ahead for 2017– Restructuring & Insolvency in the UK
(DBN)

Proposed UK insolvency law reform
(DBN)

King & Wood Mallesons notifies court of its intention to appoint administrators, again
(DBN)

______________

EU:

US-style restructuring for Europe?
(DBN)

A make-or-break moment for Europe's rules on bank crises
(DBN)

______________

PIIGS:

Greece: Cutter's jaws could be widened to include tax-free level and pensions
(DBN)

______________

Canada:

Bracing for Trump: Energy sector fears competitive disadvantage
(DBN)

______________

Australia:

Rod Culleton loses position as senator Culleton says he will appeal bankruptcy
(DBN)

______________

China:

Strapped-for-Cash Chinese Companies Find New Ways to Borrow
(DBN)

______________

Ukraine:

National Bank of Ukraine declares Platinum Bank insolvent
(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 reach us at 281-402-3957 or 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