January 5, 2017

The Daily Bankruptcy News

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Law:

Judge Slashes $10M in Fees Over Firm's Use of Temporary Associates
(DBN)

K&L Gates is throwing a party to celebrate Donald Trump’s inauguration
(DBN)

Fennemore Craig Elects New Bankruptcy Director
(DBN)

Seyfarth Welcomes Bankruptcy Litigator John Mills In Atlanta
(DBN)

Morrison & Foerster Further Expands Business Restructuring & Insolvency Group With New Partner
(DBN)

NALP report on law firm diversity highlights ‘incredibly slow pace of change’
(DBN)

Global Law Firms Face a World of Questions in 2017
(DBN)

Busyness And The Billable Hour
(DBN)

Lawyers Take Note: Don't Sleep On Legal Tech Hardware
(DBN)

Charlotte School Of Law Should Be More Transparent, Immediately
(DBN)

Kuehn: Law Schools Do Not Adequately Prepare Students For Legal Practice
(DBN)

Clifford Chance’s profits jump by nearly a quarter as firm prepares to drastically cut training contract numbers Clifford Chance bosses receive 7% pay hike after bumper year
(DBN)

KWM has stopped paying some of its staff Pay halted at KWM as administration looms
(DBN)

General Electric creates external law firm ratings
(DBN)

How do I inquire about work-life balance in an interview without giving off a negative impression?
(DBN)

‘I Am Not Sorry’ for Massacre, Dylann Roof Said in Journal
(DBN)

Reagan's Lesson for Trump: Listen to the Lawyers
(DBN)

Trump adds Goldman Sachs lawyer to his Wall Street dream team
(DBN)

Xerox spins off legal and business services arm as ‘Conduent’
(DBN)

CA. hires Eric Holder to help block Trump Policies
(DBN)

NAACP protesters are arrested during sit-in to protest Sessions’ nomination for attorney general This Is Sparta: 1,100 Law Professors Against Jeff Sessions
(DBN)

Making A Mockery Of Honesty In The Courtroom
(DBN)

Should Venture Capitalists Compete with Law Firm Partners and Judges?
(DBN)

Why this Texas bankruptcy lawyer ditched the legal field to start a Latina-focused makeup line
(DBN)

When Clients Try To Be Cheap By Doing The Work Themselves
(DBN)

An Exciting New Entrant In The Solicitor General Sweepstakes
(DBN)

Law students are researching lynching cold cases as a form of 'restorative justice'
(DBN)

David Clarke, the Fox News sheriff, puts Milwaukee on the back burner as he rides Trump wave to chase stardom
(DBN)

Top Partner Accused Of Jumping Out Of Bushes, Groping Jogger
(DBN)

What is This Smart, Well-Educated Attorney Doing on The Bachelor ?
(DBN)

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Judges:

BK CO: Retirement of the Honorable Howard R. Tallman
(DBN)

Arkansas Judge Resigns After Allegations of Sexual Misconduct
(DBN)

How to Stop a Trump Supreme Court Nominee
(DBN)

Liberals eye Sessions hearing as preview of Supreme Court fight
(DBN)

Schumer Prepared to Hold Supreme Court Seat Open Sen. Chuck Schumer Pledges to Block Trump Supreme Court Nominee Pretty Much Forever McConnell: Americans Won’t ‘Tolerate’ SCOTUS Blockade
(DBN)

What Chief Justice John Roberts Would Really Say in His Year-End Report If He Could Speak His Mind
(DBN)

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Wall Street:

U.S. stock rally hits pause ahead of key jobs figures
(DBN)

U.S. stocks close near record levels after moderate gains
(DBN)

Goldman Confronts Protesters Inside New York Headquarters
(DBN)

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Layoffs:

Macy's Laying Off 6,200 Employees
(DBN)

Twitter cofounder Evan Williams lays off one-third of staff at Medium, closes two offices
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Amazon, Forever 21 vying for bankrupt American Apparel: Report Amazon, Forever 21 Weighing Offers to Acquire American Apparel Amazon's rumored bid for American Apparel could solve its Trump problem
(DBN)

Amazon Is Poised to Prove the Athleisure Naysayers Wrong
(DBN)

Macy's Firing 6,200, Closing 68 Stores Macy's Bloodbath Continues During the Holidays Macy’s delivers disappointing holiday season, plans to cut more than 10,000 jobs
(DBN)

Kohl's Reports Awful Holiday Season Sales
(DBN)

Troubled e-retailer Choxi awaits bidders amid bankruptcy
(DBN)

The Limited To Close Stores Across the Country
(DBN)

Sears' CEO just gave the company another $500 million lifeline Are Malls Secretly Hoping Sears Holdings Goes Bankrupt?
(DBN)

108 Kmart stores closing across U.S. Sears is closing 150 stores — here's the full list
(DBN)

The Entire Retail Sector is a Short
(DBN)

Retail stores are getting crushed after reporting disappointing holiday sales
(DBN)

Walgreens reports surprise drop in quarterly sales
(DBN)

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Electricity:

Energy Future Cleared to Poll Creditors on Bankruptcy Exit
(DBN)

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Taxis:

“Taxi King” Gene Freidman Ordered to Revoke 46 Cab Medallions to Pay Off Outstanding Debts
(DBN)

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Pensions:

Retired ironworkers could face pension cuts next month
(DBN)

Father of the 401K Plan Now Regrets It
(DBN)

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Autos:

Looming Takata Bankruptcy Presents Risk and Uncertainty to Trade Creditors
(DBN)

Judge Orders Volkswagen to Face Investor Lawsuit Over Emissions Scandal
(DBN)

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Economy:

The Fed has its eyes on Trump Fed Minutes Cite 'Considerable Uncertainty' About Trump's Impact on Economy
(DBN)

Fed Officials Grapple With a Welcome New Problem: Faster Growth
(DBN)

Here's the massive gap in average income between the top 1% and the bottom 99% in every state
(DBN)

Mnuchin transition team defends OneWest mortgage operations Trump Treasury pick's bank broke foreclosure rules: Leaked AG memo
(DBN)

GOP Sen. Paul blasts party for debt-laden budget
(DBN)

U.S. Light Vehicle Sales increase to 18.3 million annual rate in December, Record Year
(DBN)

Fed Outlook On Trump Economy: [Shrug Emoji]
(DBN)

Mexicans Are the NAFTA Winners? It’s News to Them
(DBN)

Big Banks Get Ready to Flex Their Muscles in Washington
(DBN)

The real reason Ford abandoned its plant in Mexico has little to do with Trump Scuttled Ford plant has Mexico fearing more under Trump Mexico spooked by Trump's leverage in keeping jobs in the US after Ford's pivot
(DBN)

Battle With Trump Puts GM in Tough Spot
(DBN)

Corporations Trump Has Attacked Over Jobs
(DBN)

How Tyler Lost Its Carrier Factory to Mexico
(DBN)

States Where Residents Carry The Highest Credit Card Debt Burdens
(DBN)

Trump's strategy to propel the US economy is based on selling Americans on the idea of optimism
(DBN)

Barclays: These are the 13 'black swans' that could cause chaos in the markets in 2017 These Are the 10 Biggest Risks the World Faces in 2017
(DBN)

Tax Cuts Designed For People Like Trump
(DBN)

With one bill, Republicans fast track plan to undo Obama regulations
(DBN)

Ryan Standing Behind Border Tax Adjustments Amid Industry Criticism
(DBN)

Technology killed manufacturing jobs; trade is what will bring their replacement
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Lease Rejection Cap Doesn’t Apply to Past-Due Rent Accrued Before Rejection
(DBN)

Lenders - Missing Parenthesis Could Cost You a Bundle “Individually or Collectively, as the Context May Require”—Clarifying the Meaning of Defined Singular Terms; It Might Actually Matter
(DBN)

Borrowers keep getting better at paying their mortgage
(DBN)

Office Vacancy Rate declined in Q4 to 15.7%
(DBN)

Own a Home? Then You're Gonna Hate The Republican Tax Plan
(DBN)

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Municipalities:

Mortgage Delinquencies and Foreclosures by Period Past Due, Since 2002
(DBN)

Puerto Rico seeks proposals for legal, financial advisers
(DBN)

Assured Guaranty Continues to Protect Insured Bondholders from Puerto Rico Defaults
(DBN)

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Municipalities:

Rhodes: It's time 'to write a new story for education in Detroit'
(DBN)

Dallas: Senator Whitmire's Pension Provocations
(DBN)

Malloy Hints at Pathway For Hartford to Avoid Bankruptcy
(DBN)

Heal Puerto Rico
(DBN)

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Oil/Gas:

Thurs.: Oil Prices Hover Near 17-Month High
(DBN)

Bonanza Creek Energy: How Bankruptcy News Led To A 55% Rise Bonanza Creek Energy Initiates Prepackaged Chapter 11 Colorado energy company files prepackaged bankruptcy plan New Delaware Chapter 11 Filing – Bonanza Creek Energy, Inc. Bonanza Creek Energy Files For Bankruptcy in Delaware
(DBN)

Woodlands energy engineering, construction firm files for bankruptcy
(DBN)

Texas oil , gas industry continues 2-year decline
(DBN)

Weds.: Oil rises 2 percent amid expected draw in US crude inventories US crude settles at $53.26, up 1.8% Oil at $65 Per Barrel? Energy Pros Hopeful In 2017
(DBN)

Why Russia Expects $40 Oil This Year
(DBN)

Early sign OPEC’s push to normalize oil market may be working Iraq, OPEC’s 2nd biggest producer, may have hard time cutting oil production The Oil Trade That Shows Where OPEC's Cuts Are Starting to Bite Aramco Raises Oil Pricing to Asia and U.S. as OPEC Cuts Output
(DBN)

U.S. gasoline spending could spike by $50 billion in 2017
(DBN)

Oil Industry Fears Trump May Hit Them Up on Tax Reform
(DBN)

Ex-CEO of Platinum-linked energy company convicted of tax evasion
(DBN)

Top US oil industry group lobbies Trump for lighter regulation
(DBN)

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Healthcare:

North Philly Health System Files for Bankruptcy
(DBN)

North Philadelphia Health System explains bankruptcy filing
(DBN)

Report: Gainesville Hospital to File for Chapter 9 Bankruptcy
(DBN)

Bankruptcy plan for ex-Charleston Naval Hospital developing
(DBN)

Repealing Obamacare Puts Rural Hospitals at Risk Rand Paul warns Republicans not to repeal-and-delay Obamacare Obama Fights for Health Law as G.O.P. Vows Quick Repeal How Republicans Might Replace Obamacare House GOP Plans to Send Obamacare Repeal to Oval Office in February Democrats Dare GOP to Repeal Obamacare Sans Replacement GOP Wants to Kill ACA, but Not Take Blame Trump to Issue Executive Orders on ACA Expert on GOP Plan to Repeal Obamacare Will Blue-Collar Whites Change Their Minds About Obamacare? As Republicans get ready to dismantle the ACA, insurers are likely to bolt The battle lines are being drawn in the fight over Obamacare Trump’s “if you like your insurance, you can keep it” moment Republicans Are Courting Disaster on Health Care Republicans’ Plan to Repeal Obamacare Might Be Collapsing Already
(DBN)

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Food/Beverage:

Transmar's US cocoa unit files for bankruptcy Bankruptcy Filing Deepens Woes for Cocoa Firm Hit by Brexit
(DBN)

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Coal:

Peabody Moving Toward Emergence from Chapter 11
(DBN)

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Football:

College Football’s Top Teams Are Built on Crippling Debt
(DBN)

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Debt Collection

CFPB Monthly Report Reveals 39% of Complaints Concern Debt Collection
(DBN)

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Ethanol:

Trump Promises Ethanol Lovin' EPA Head
(DBN)

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Tax:

Manhattan U.S. Attorney Announces $95 Million Recovery From Deutsche Bank In Fraudulent Conveyance Case Related To Federal Income Tax Avoidance
(DBN)

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Climate:

Global Warming 'Hiatus' Never Happened, New Study Confirms
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

Chapter 11 filings up 42 percent in Texas in 2016
(DBN)

Rochester: Dec. bankruptcy filings rise Western New York bankruptcy cases continued to dwindle in 2016
(DBN)

Raleigh: Dec. bankruptcy filings rise
(DBN)

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Proofs of Claim:

Time-Barred Proof of Claim: To File or Not to File, That Is the Question
(DBN)

ACA International and the CFPB Face Off in FDCPA Out-of-Statute Proof of Claim Case Before the U.S. Supreme Court
(DBN)

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Avoidance Actions:

It’s Not Just Actual Fraud: Intent to Hinder, Delay, or Defraud Can Be Present Even with the Best of Intentions
(DBN)

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UCC:

Minimal Blanket, Maximum Comfort: Less Is More When Drafting “All Assets” UCC-1 Descriptions
(DBN)

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Professional Compensation:

New York Bankruptcy Court Saves Investment Bankers’ Transaction Fees
(DBN)

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Finance:

Still Not Valid When Made
(DBN)

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Sanctions:

Haeger v. Goodyear Tire – Supreme Court to Consider Limits on Federal Court’s Inherent Power to Award Compensatory Sanctions
(DBN)

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Insurance:

D&O Insurance: Despite Trial Court “Fraud” Determination, Fraud Exclusion Not Triggered
(DBN)

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Corporate Reform:

Trump Nominates BigLaw Partner And Goldman Sachs Ally To Lead SEC After Ripping Wall Street, Trump Taps Insider to Police Industry
(DBN)

Trump's SEC pick Clayton points to capital formation, not enforcement
(DBN)

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Celebs:

Miami Heat Legend Races To Sell Condo Before Commandos Seize It!
(DBN)

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Corporate Governance:

Corporations Need a New Reason to Be
(DBN)

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Gambling:

Atlantic City mayor urges Icahn to sell ex-Taj Mahal casino
(DBN)

Why Caesars Entertainment Corp's Shares Plunged 13% in December
(DBN)

With $150M and Counting in Big Law Bills, Caesars Bankruptcy Approaches Finish Line
(DBN)

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Media:

Speak Now and Forever Hold Your Release: Gawker Breaks News One Last Time
(DBN)

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Education:

Closing Out a College
(DBN)

CFPB report on college-bank deals: Many schools more focused on bottom line, not students
(DBN)

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Solar:

SunEdison settles contract fight to help close $150 million sale
(DBN)

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Hedge Funds:

No One Questioned This Hedge Fund’s Madoff-Like Returns
(DBN)

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Art:

Special Rules Govern Consignments of Art in New York
(DBN)

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UK:

DLA Piper Profits As BHS Administration Fees Near £3 Million
(DBN)

Travel firm All Leisure Holidays ltd goes bankrupt canceling 7,000 holidays and leaving 400 stranded abroad
(DBN)

U.K. Cruise Company Seeks Creditor Protection
(DBN)

BHS advisers' bill rises £1m in six weeks amid pension wrangle
(DBN)

Inside France's Secret Plan to Lure Brexit Bankers
(DBN)

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PIIGS:

The Italian Banking Crisis: No Free Lunch – Or Is There One?
(DBN)

Marinopoulos misses December 2016 payroll pending court ruling on bankruptcy
(DBN)

Greece Heads Into Another Economic Crisis: Time To Finally Exit the European Union?
(DBN)

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MENA:

Egypt approves bankruptcy law to spur investment Egypt cabinet approves law abolishing prison terms in bankruptcy
(DBN)

Hanjin Shipping - Current jurisdictional status and options - United Arab Emirates
(DBN)

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France:

Le Pen Aims to Redenominate French Debt in New National Currency
(DBN)

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South Korea:

Korean govt to introduce Korean version of Chapter 11
(DBN)

Sign of book industry's collapse?
(DBN)

Hanjin Shares Surge Despite Corruption Claims
(DBN)

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India:

New liquidation processes under the Insolvency and Bankruptcy Board of India
(DBN)

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Brazil

Brazil Real Estate Is Now Cheap And Distressed
(DBN)

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