January 17, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Big Law Onsite Day Care: The Trend That Wasn't
(DBN)

Junior Employee of Dewey & LeBoeuf Cleared of Charges Dewey Cloud Lifted for Defendant Who Found Home at Williams & Connolly
(DBN)

Law firms: how to market your merger
(DBN)

Gardere Adds Bankruptcy Partner and Senior Counsel
(DBN)

Sidley Adds Additional Restructuring Partner in London
(DBN)

Trial Reveals Pitfalls of Whistleblower Claims From In-House Corporate Lawyers
(DBN)

Mark Kelly Of Vinson & Elkins: 'The Days Of Being What I'd Call A Pure Service Partner ... Are Over'
(DBN)

A&O recruits Cadwalader partner duo as US firm follows Asia pullout with Houston closure
(DBN)

UWT delays launch of new law school
(DBN)

Skills that are hard to learn but will pay off forever
(DBN)

Few Asian-Americans hold top legal jobs, new study says
(DBN)

Olswang's management pay drops by nearly 40% as CMS UK partners see profits for distribution fall 18%
(DBN)

Jeff Sessions' High-Wire Act
(DBN)

How America's Reliance on Cash Bail Keeps the Poor in Jail Judge: Settlement not 'reachable' in 'debtor prison' case
(DBN)

Woman Who Drove SUV into T-Mobile Store Said She Got Bad Service, Cops Say
(DBN)

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Judges:

Lehman Bankruptcy Judge Holds Court in Mock Trial
(DBN)

Congress tries to put cameras in the courtroom — again
(DBN)

Trump Has Started Interviewing SCOTUS Candidates Trump Met with Anti-Abortion Judge for Supreme Court Seat, Report Says
(DBN)

Not Throwing Away His Shot, Judge Raps Nomination 'Hamilton' Style
(DBN)

Trump's team already trying to break Senate Supreme Court filibuster
(DBN)

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Wall Street:

Dow futures briefly fall 100 points; Brexit, Trump inauguration eyed
(DBN)

Nasdaq closes at new record as broader market ends little changed
(DBN)

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Layoffs:

Wells Fargo Plans to Close More Than 400 Branches
(DBN)

One of the largest jobs companies in the world reveals how robots are going to change employment forever
(DBN)

Baylor St. Luke's owner lays off 200 workers in Texas
(DBN)

American Apparel prepares for mass layoffs amidst bankruptcy American Apparel starts layoffs in US factories
(DBN)

Technicolor to lay off 96
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Marijuana:

Here are the 3 most likely scenarios for marijuana under Jeff Sessions as attorney general
(DBN)

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Healthcare:

American Hospitals Are Disappearing -- and Repealing Obamacare Will Make It Worse GOP ACA Replacement Website Says Nothing This is what could happen if Obamacare is repealed Obamacare Repeal Moves a Step Closer to Reality The Limits of Using Reconciliation to Repeal Obamacare Trump: 'Repeal and Replace Is Going Great' Know where Obamacare repeal will be felt the most? Miami Trump insists Healthcare 'Insurance for Everyone' GOP Congressman Flees Meeting with ACA Supporting Constituents
(DBN)

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Banking:

Bank Failures by Year
(DBN)

JPMorgan Profit Beats as Loan Quality, Bond Trading Improve
(DBN)

It's OK to Love Banks Again
(DBN)

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Education:

Dozens of For-Profit Colleges Could Soon Close
(DBN)

Bankruptcy trustee appears poised to sue former ITT brass
(DBN)

No full refunds from Regency Beauty Institute
(DBN)

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Fraud:

Johnny Depp Sues Business Managers, Accuses Them of Fraud
(DBN)

SEC’s Power to Recoup Illegal Profits Draws High Court Scrutiny
(DBN)

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Shipping:

Sale of Container Terminal Takes Center Stage in Hanjin Bankruptcy U.S. judge to issue decision on Hanjin sale of stake in terminal operator
(DBN)

Hanjin’s bankruptcy hits Long Beach results
(DBN)

NW Alliance allows former Hanjin terminal sale
(DBN)

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Lehman:

Lehman Case Gets Review as Top Court Considers Suit Deadlines
(DBN)

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Food/Beverage:

Sale of former USA Springs site approved
(DBN)

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Circuses:

Big Apple Circus to sell off assets in bankruptcy auction Like Ringling Brothers, The Big Apple Circus Is Closed Down
(DBN)

Famed Ringling Bros. circus closing after more than 100 years Circus shutdown: 'This is not a win for anyone'
(DBN)

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Coal:

Ex-Peabody executive joins fight against company's reorganization plan
(DBN)

Shareholders to seek part of Peabody Energy reorganization: Barron's
(DBN)

Coal lost hold as dominant energy source in 2016
(DBN)

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Freight:

Neovia Launches Debt Exchange Deal
(DBN)

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Hotels:

San Diego: Hotel bankruptcy prompts city claim for back taxes, rent
(DBN)

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Debt Collection:

Supreme Court to hear Santander debt collection dispute
(DBN)

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Distressed Investing:

Zohar CLO Funds Target Lynn Tilton in $1 Billion Lawsuit
(DBN)

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Pensions:

The people who evangelized for the 401(k) now think it’s made retirement a lot harder
(DBN)

Contributions vs. Distributions of U.S. Tax-Sheltered Workplace Retirement Savings Plans Since 1990
(DBN)

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Retailing:

Limited Stores Files In DE - Petition First Day Dec
(DBN)

Teen Retailer Wet Seal Explores Next Steps Wet Seal Said to Consider Sale or Bankruptcy as Business Falters Wet Seal Mulling Bankruptcy
(DBN)

Macy's Lays Off Chief Growth Officer
(DBN)

Why Traders Are Shorting Retail Stocks Like Crazy
(DBN)

U.S. retail sales disappoint at end of the year
(DBN)

Retail Sales Figures Bear Out America's Storefront-to-Online Shift Holiday Sales Outpace Forecast Despite Department-Store Woes
(DBN)

Why Is American Apparel Closing? Here's What You Need To Know
(DBN)

Ex-RadioShack lender starts firm to bet on retail turmoil
(DBN)

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Economy:

IMF boosts US growth forecasts on Trump spending, tax plans IMF: The Donald Trump Boom Is A Bit Of This And A Bit Of That For The US Economy
(DBN)

6 in 10 Americans Don't Have $500
(DBN)

Globalization hasn't fixed the gap between rich and poor, top CEOs say
(DBN)

Donald Trump criticizes House Republicans' tax plan
(DBN)

Fed Nowcast stands at 1.9% for 2016:Q4 and at 2.1% for 2017:Q1
(DBN)

Trump's war on private debt to reshape markets
(DBN)

Growing number of seniors use food stamps Student debt now affects a staggering number of elderly Americans
(DBN)

Millennials trail baby boomers in pay at same age
(DBN)

Credit Card Borrowing Influences Growth in Total Consumer Credit
(DBN)

The Curse of Economics 101
(DBN)

Consumer optimism slips to start 2017 Preliminary January Consumer Sentiment at 98.1
(DBN)

A record number of small business owners are selling their companies
(DBN)

Mnuchin Might Have to Wait Until February for His Final Start Date
(DBN)

Trump's Trade Plan Is a Looming Disaster
(DBN)

Can China Survive Trump?
(DBN)

Why Trump’s trade plan could be a tax on the poor
(DBN)

What If The Natural Real Interest Rate Is Negative?
(DBN)

'Real Rates' Show Real Concerns Over Trump Economic Rebound
(DBN)

Krugman: "Infrastructure Delusions"
(DBN)

Ross Reviewed: Trump’s Choice For Commerce Left Mixed Legacy In Ohio Valley Trump's Commerce pick Wilbur Ross offshored 2,700 jobs since 2004
(DBN)

This chart shows the threat of populism in 20 of the world's biggest economies
(DBN)

Davos elites struggle for answers as Trump era dawns Globalization backlash to dominate at Davos Political upheaval casts cloud over view from Davos The mood is anything but celebratory at Davos Trump Team Shunning Davos Meeting of World’s Economic Elite Will a ‘Slap in the Face’ From Voters Revive Davos Agenda, or Daze It? The defeat of Davos: Are the global 'elite' in retreat? Oxfam's Annual Davos Whining - 8 People Have More Wealth Than The Bottom 50% Of All Humans Davos elite in 'bubble' so didn't predict Brexit, Trump, CEO of world's largest ad agency admits
(DBN)

Trump says U.S. automakers should make products in the country How Trump's Twitter tirades are changing the culture of the car industry Trump’s bullying of businesses is good politics but bad economics GM plans to invest at least $1 billion in U.S. factories, adding 1,000 jobs Trump Team Signals Auto Border Tax Could Also Hit Canada Trump singles out BMW, Mercedes-Benz Trump Threatens BMW with 35% Border Tax
(DBN)

Wal-Mart to add about 10,000 retail jobs in the US
(DBN)

Brexiteers cheer on Donald Trump for promising quick trade deal with the UK
(DBN)

8 Men Have the Wealth of 50% of the Planet
(DBN)

Trump’s Talks With Dealmaking CEOs Rattle Antitrust Lawyers
(DBN)

Cutting Cash Would Be a Boon for the World’s Poor, Rogoff Says
(DBN)

WEF Will Answer Trump’s Call to Create U.S. Jobs, Schwab Says
(DBN)

3 Must-See Charts on U.S. Consumer Confidence
(DBN)

Eight billionaires 'as rich as world's poorest half'
(DBN)

The 9 most competitive countries in the world for doing business
(DBN)

The risk of a full-blown trade war between the US and China is rising
(DBN)

The biggest economic risk in 2017 is the one thing Trump thinks will rescue US jobs
(DBN)

Trust in CEOs Hits All Time Record Low
(DBN)

Most repatriated US cash will go to shareholders not society: Blackstone Vice Chairman
(DBN)

10 Worst States to Grow Old In
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Ben Carson's Impossible Vision for American Housing HUD nominee Dr. Ben Carson refuses to promise that HUD money won't go to Trump
(DBN)

Cracks in U.S. Mortgage Demand Grow as Banks Signal Fed’s Impact
(DBN)

Could the Mortgage Interest Deduction be under Threat?
(DBN)

Higher mortgage rates will hit hardest in these 5 counties
(DBN)

Sacramento Housing in December: Sales down 2%, Active Inventory down 17% YoY
(DBN)

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Municipalities:

Maybe Chicago schools should declare bankruptcy and get it over with, says Moody’s
(DBN)

CPS to force staffers to take four unpaid furlough days
(DBN)

High Desert cities get low marks in recession recovery report
(DBN)

The Lights Are On in Detroit
(DBN)

In Detroit, Shinola is 'Made in USA' success story
(DBN)

Dallas Police and Fire pension board: Mayor should 'work with us, rather than litigate against us'
(DBN)

Muni bonds aren't risk-free anymore
(DBN)

Puerto Rico's New Governor Should be Given Time to Get Recovery Plan Right
(DBN)

Hedge funds slug it out over Puerto Rico debt
(DBN)

Dentons Selected by Fiscal Agency and Financial Advisory Authority of Puerto Rico
(DBN)

Puerto Rico Attempts Recovery Despite Debt Crisis: Utilizes Technology and Entrepreneurship
(DBN)

New Mexico Attorney General sues troubled school district
(DBN)

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Oil/Gas:

Mon.: Oil down on output cut doubts, expected US production rise U.S. Shale To Kill Off Oil Price Rally
(DBN)

Saudis say output cuts unlikely to last beyond June Oil Prices Slide As Saudis See No Need Of Extending OPEC Deal
(DBN)

Drilling rig count falls for first time since September
(DBN)

OPEC Production Cuts: Here’s The Cheat Sheet
(DBN)

Natural gas prices fall to lowest level since 1999
(DBN)

World needs to invest $25 trillion in new oil capacity over next 25 years, Saudi Aramco CEO says
(DBN)

Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices
(DBN)

Fri.: US crude settles at $52.37, posts first weekly loss in five weeks on OPEC output cut concern
(DBN)

U.S. Shale's Great Reawakening
(DBN)

Oil prices will be much more volatile in 2017 - IEA
(DBN)

How Washington could hurt the oil recovery, just as US drillers are pumping again
(DBN)

Memorial reaches deal with lenders Memorial Production Partners LP Commences Court-Supervised Financial Restructuring Process First Day Dec
(DBN)

New Twin Butte Energy deal may hinge on the meaning of 'substantial'
(DBN)

The fall of Black Elk
(DBN)

Canada Needs to Phase Out Oil Sands, Prime Minister Says
(DBN)

Memorial Production Partners LP Reaches Plan Support Agreement with Lenders
(DBN)

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Politics:

Donald Trump will meet Putin in Iceland in first foreign trip as president Russian Embassy in London: Putin has no plans to meet Trump
(DBN)

Report: CIA set up task-force in 2016 to investigate possible Russian funding of Trump's campaign
(DBN)

Donald Trump is making the 'Great Man' theory of history great again
(DBN)

Trump’s plan to deal with his conflicts of interest
Ethics Chief Issues 'Refresher' on Endorsements After Trump Plugs L.L. Bean The Ethics Official Dogging Trump Is Just Doing His Job Trump Lashes Out at Hillary Clinton, Intelligence Officials in Tweets Trump's foreign policy nominees flat-out disagree with him Trump's Inaugural Speech Might Not Be So Dumb Myths and Truths About the Trump Presidency Trump Plan to Kill the EU and NATO
(DBN)

Warren embraces her role as a top Democratic foil to Trump
(DBN)

A warning for the losers of the liberal elite In the Wake of a Tumultuous Year, the Global Elite Face a World of Uncertainty
(DBN)

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Ratings Agencies:

Moody's to pay $864M to settle claims it inflated ratings
(DBN)

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Student Debt:

Students of for-profit ‘career school’ get $30m in debt relief
(DBN)

Former ITT Tech Students Seek Cancellation Of Debt With For-Profit School
(DBN)

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Software:

ATopTech, Inc. Initiates Voluntary Chapter 11 Bankruptcy Protection Proceeding
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Bankruptcies fall to 10-year low, but Tennessee still leads nation in going broke
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Avoidance Actions:

Post-Petition Transfers: Sixth Circuit Opines on 11 U.S.C. § 542 versus § 549
(DBN)

Judge Bonapfel Sides with Fifth Circuit on ‘Equivalent Value’ in Ponzi Schemes
(DBN)

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Interest:

Ninth Circuit Holds Debtor Must Pay Default Interest Rate in Order to Cure Under Bankruptcy Plan
(DBN)

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Miscellaneous:

Podcast: Caesars’ and EFH’s outstanding plan confirmation impediments, Ultra Petroleum’s classification contest and more
(DBN)

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Tax:

Tax Procedure: The Impact of Bankruptcy on Refund Claims.
(DBN)

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Chapter 13:

Can A Secured Manufactured Home Loan Be Modified In Chapter 13? Yes, Says Alabama Court.
(DBN)

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Venue:

Transferring Venue Isn’t Easier Just Because There Is Bankruptcy Jurisdiction
(DBN)

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SCOTUS:

SCOTUS Asked To Look At FDCPA/Proof Of Claim Intersection
(DBN)

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Fashion:

Goodbye, American Apparel
(DBN)

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Corporate Reform:

The End of Government Oversight?
(DBN)

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Autos:

Takata Executives Criminally Charged in U.S. Probe of Faulty Air Bags
(DBN)

EPA Action Highlights Fiat's Financial Weakness Fiat Chrysler Faces U.S. Criminal Emissions Investigation
(DBN)

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Gambling:

Caesars reaches agreement ending bankruptcy objections Smooth Sailing for Caesars Bankruptcy Plans After Creditor Deals Announced
(DBN)

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Religion:

Bankruptcy judge : Creditors committee can't sue parishes, schools for transferred funds
(DBN)

Stockton: Bankruptcy status near end for Diocese
(DBN)

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UK:

The new insolvency rules: what they mean for the insolvency profession
(DBN)

The Future of UK Debt Restructuring
(DBN)

The Sun Is Setting: Is It Time to Legislate Pre-Packs?
(DBN)

Full scale of Hewden crash revealed
(DBN)

UK M&A to crash due to Brexit uncertainty, Baker McKenzie report claims
(DBN)

London court to hear £10bn Lehman v Lehman creditors' claim
(DBN)

Britain could become a corporate tax haven Theresa May 'stands ready' to turn Britain into a tax haven after Brexit
(DBN)

Brexit Blues Said to Hit Brussels as U.K. Envoys’ Morale Falls
(DBN)

U.S. Envoy to EU Urges Trump Not to Become Brexit Cheerleader
(DBN)

May to Seek Hard Brexit by Leaving EU Market, Times Reports The A to Z of Theresa May’s Brexit as her Vision Speech Nears U.K. Set to Choose Sharp Break From European Union It's Hard Brexit: May is set to pull Britain out of the single market and customs union Trump says Brexit will be 'a great thing' Theresa May's Brexit Was Always Going to Be Hard
(DBN)

1093 small businesses are scheduled to cease trading in January
(DBN)

Britain is one of the worst advanced economies for jobs, pay, and living standards
(DBN)

IMF upgrades 2017 UK growth but downgrades 2018
(DBN)

Fight breaks out between BHS creditors
(DBN)

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EU:

'Will clients trust them?' Partners size up prospects for KWM's European salvage operation Leaked emails reveal incredible bust-up between KWM partners
(DBN)

Europe stocks close lower after Trump remarks; Fiat crashes 16%
(DBN)

E.U. Backs Italy’s Bank Bailout – in Principle
(DBN)

As robots take jobs, Europeans mull free money for all
(DBN)

Incredulity and outrage in Germany, EU and NATO over president-elect's rhetoric
(DBN)

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PIIGS:

Italy will be the next big problem in Europe
(DBN)

Portugal Bonds Falter as ECB Running Out of Eligible Debt to Buy
(DBN)

Secret IMF Documents on Greece's Debt Crisis Revealed
(DBN)

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Canada:

Weak holiday sales helped demise of Andersons stores
(DBN)

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Mexico:

Pemex Is So Cash-Starved It’s Selling a Little League Baseball Field
(DBN)

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Brazil:

Petrobras: Still In Trouble
(DBN)

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MENA:

The UAE Bankruptcy Law - an overview
(DBN)

IMF Slashes Saudi Growth Outlook On Oil Output Cuts
(DBN)

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South Africa:

Business rescue brings hope to creditors
(DBN)

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Netherlands:

CPB: limit debtors’ rights to enable companies to recover from bankruptcy
(DBN)

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South Korea:

Rising household debt expected to deal severe blow to Korean economy
(DBN)

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Singapore:

Receiving Payments From A Company When Winding-Up Proceedings Have Been Commenced Against It
(DBN)

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China:

IMF Upgrades China 2017 Growth Forecast to 6.5%, Warns on Debt
(DBN)

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India:

IMF cuts India's 2016 growth forecast
(DBN)

Insolvency think-tank SIPI to help develop best practices
(DBN)

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Mozambique:

Mozambique won't blink first 'Zero chance' of Mozambique paying up, say creditors
(DBN)

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