July 31, 2017

The Daily Bankruptcy News

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Law:

With Better Pay, and Fewer Options, Associates Stay Put at Their Firms
(DBN)

Timeline For A Lateral Associate Move And The Offer & Acceptance Process (Part III)
(DBN)

How Firms Should Be Measuring the Profitability of Matters
(DBN)

Want To Be Partner? Take A Tip From The Hunger Games
(DBN)

Misconduct Findings Against Irell, Client Upheld by Federal Circuit
(DBN)

InfiLaw investors let out of students’ fraud lawsuit against Charlotte School of Law
(DBN)

And The Next Law School To Close Down Will Be….
(DBN)

More Perspectives On The 20% Increase In June 2017 LSAT Test-Takers
(DBN)

Some Truly Awful Things Can Happen During The Bar Exam
(DBN)

Law student’s embarrassing mom
(DBN)

Cyber risk to law firms at all time high
(DBN)

Must-Have Technology for Better Client Service
(DBN)

Using Encryption for Secure Client Communication
(DBN)

Congress Cannot Save Jeff Sessions
(DBN)

The Doomsday Scenario: How Replacing Sessions Could Trigger A Cascading Series Of Unfortunate Events
(DBN)

Anthony Scaramucci Answers Socratic Questions at HLS :)
(DBN)

Walmart slams attorneys' "jerry-rigged" bid for $20 million in trial fees:
(DBN)

Judge doesn't quite buy firm's story about associate's firing
(DBN)

4 takeaways as DOJ pivots on gay rights in the workplace
(DBN)

The president suggests he sees the rule of law as an impediment to getting tough on crime Trump to cops: 'Please don't be too nice' while arresting 'thugs,' and don't worry about their heads when you toss them in the 'paddy wagon' The President Just Endorsed 'Rough Rides' 'Irresponsible, unprofessional': NYPD slams Trump comments urging police not to be 'too nice' to suspects Another major police department blasted Trump's comments on being 'too nice' to suspects
(DBN)

Trump's disdain for the rule of law
(DBN)

Florida attorney gets 4 years for money laundering
(DBN)

Trump's travel ban has stranded over 100 refugee children who were already matched to waiting American families
(DBN)

Trump Loyalty v. Trial Lawyer Loyalty
(DBN)

Trump team tries again to limit family immigrants ICE Blasts Federal Judge For Halting Deportations Of Iraqi Nationals
(DBN)

Expected retirements likely to increase pressures on overworked government lawyers
(DBN)

A Police Officer Wore This ‘White Power’ T-Shirt to Court, and People are Outraged
(DBN)

Woman Brought 10-Year-Old Child to Armed Robbery, Deputies Say
(DBN)

34 More Cases of Cops Planting Drugs Tossed
(DBN)

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Judges:

Law profs: Ideological gap between federal judges widened by increasingly conservative Republican appointees
(DBN)

Probate judge accused of slowing docket because of denied pay raise wins class-action appeal
(DBN)

Sixth Circuit Shows How You Bluebook ‘Basic Logic’ In Benchslap
(DBN)

The 'Notorious RBG' discusses women's rights and pop culture
(DBN)

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Wall Street:

US stocks poised to squeeze in a gain as strong July closes out
(DBN)

Stocks Close Mixed After Seeing Initial Weakness
(DBN)

Wall Street is sending huge warning signs for stocks
(DBN)

A 'melt-up' scenario could push S&P 500 at least 8% higher, according to a veteran Wall Street bull
(DBN)

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Layoffs:

GE Fires 575 at Pennsylvania Locomotive Plant
(DBN)

Wells Fargo Cuts 70 Senior Managers
(DBN)

Sea Ray confirms 90 layoffs
(DBN)

Glatfelter will eliminate 120 jobs
(DBN)

Shell plans 400 job cuts
(DBN)

The 26 careers with the most job security
(DBN)

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Healthcare:

Bankrupt ER operator Adeptus says value between $150 mln and $180 mln
(DBN)

Bankrupt ER operator Adeptus plans patient refunds to avoid 'bad publicity'
(DBN)

Tampa nursing home company files for bankruptcy
(DBN)

Hospitals looking to punt $43 billion in Medicaid cuts
(DBN)

'Repeal & Replace is not dead!': Trump goes off on Republican senators, threatening to end insurance payments Trump's Obamacare Death Threat is Likely Bluster How Trump Could Still Win the Health Care Fight Trump may end health subsidy for members of Congress Trump wants to declare war on the health insurance industry Lawsuits could force feds to pay Obamacare insurers Collins received a round of applause at an airport in Maine after voting against Obamacare repeal GOP Fears Fallout on Failure to Kill Obamacare Health care collapse raises worst case scenario for GOP in 2018 Price hints HHS might weaken individual mandate GOP sends mixed messages on the future of American healthcare after suffering a blistering defeat in the Obamacare repeal effort Fix Key Problems and Fix ObamaCare Price Says Eliminating the ACA’s Individual Mandate Is Trump’s Top Priority RIP, Repeal and Replace Mick: No Other Votes Until ObamaCare is Dead Why the ACA markets could actually collapse - with Trump's help Night of the Living Dead: Obamacare Edition Price: Trump Won't Let ObamaCare Implode Centrists in Congress Work to Save Obamacare
(DBN)

Mark Cuban sees a model for fixing health care — and he didn’t find it in the United States
(DBN)

She Hates ObamaCare, but is Covered by It
(DBN)

Cancer treatments another possible casualty of Obamacare repeal: Expert
(DBN)

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Auto Racing:

Skip Barber Reminds Us That He's Not Bankrupt, The School Is
(DBN)

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Brides:

Alfred Angelo bankruptcy: How many people filed complaints with the state?
(DBN)

Investigation Underway After Alfred Angelo Bridal Shop Filed Bankruptcy
(DBN)

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Paper:

Bankrupt Lincoln mill claims Woodland Pulp, other Maine firms owe it $1.1 million
(DBN)

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Babysitting:

Wondersitter planning to file for bankruptcy
(DBN)

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Politics:

Reince Priebus Out: Trump names new chief of staff in late Friday tweet Trump picks Homeland Security, former general, boss to be his new chief of staff Trump enlists Kelly to enforce order, but can the 'zoo' be tamed? The Downsides to John Kelly's Ascension Trump's New Chief of Staff Is Destined to Fail The Unending Humiliations of Reince Priebus Priebus claims he resigned before Trump tweet GOP Calls on Kelly to End White House Chaos John Kelly May be Repeating History Trump's New Chief Has One Key Asset: Ivanka and Kushner's Nod
(DBN)

Scaramucci's Rant Should Terrify Trump Voters Going Full Springer: Scaramucci’s Tirade Sends White House Staff And GOP Members Scrambling For Cover A Bittersweet Afternoon For The Mooch Tapper Isn’t Getting Sued, But Mooch’s ‘PR Guy’ May Want to Get a Clue Taibbi: Mooch Era Will be Far Too Short Scaramucci’s Profane Tirade Is No “Italian Thing” Tongues Wagging About Scaramucci's Time at Harvard Law
(DBN)

Trump's Newest and Sharpest Attack on Republicans
(DBN)

Republicans learn the limits of reconciliation with failed ACA repeal
(DBN)

Trump may have just had his 'worst week' yet Trump's Wild and Crazy 48 Hours Wall Street Journal: Trump is the Problem George Will on Donald Trump's Presidency Trump Goes Rogue Trump's Closest Allies Starting to Bail
(DBN)

Clinton lost the election, but Republicans in Congress still want to investigate her 20 House Republicans seek second special counsel to investigate handling of Clinton email probe
(DBN)

Putin, Responding to Sanctions, Orders US to Cut Diplomatic Staff by 755 Congress' message to Donald Trump is tough
(DBN)

Conway to White House Staffers: Kneel Before Your Sovereign
(DBN)

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Aviation:

People Express owed Newport News airport twice what had been reported
(DBN)

Ruling eliminates seniority protections for ex-TWA pilots
(DBN)

Jordanian Airlines' first-half losses spiral amid competition from low cost carriers
(DBN)

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Education:

Legal skirmishes break out over ITT documents, data
(DBN)

This Is the Way the College ‘Bubble’ Ends
(DBN)

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Economy:

Trump just added new suspense to the search for the next Fed chief
(DBN)

The Great Stagnation: Americans stopped moving to find work
(DBN)

Six Things Central Bankers Don't Get About Wages
(DBN)

Credit Card Market Continues Growth in First Quarter; Including Record Number of New Accounts Late Credit-Card Payments Stoke Fears for Banks
(DBN)

U.S. Companies Post Profit Growth Not Seen in Six Years
(DBN)

GDP picks up steam with second quarter increase Q2 GDP: Investment BEA: Real GDP increased at 2.6% Annualized Rate in Q2 U.S. economy rebounds in the second quarter
(DBN)

Are Central Bankers Turning Marxist?
(DBN)

U.S. economy: sluggish but durable
(DBN)

Reality Check: Is Trump Right That US Has Highest Taxes?
(DBN)

Millennial graduates of the Great Recession are struggling to make up ground in one key area
(DBN)

Americans grow more pessimistic about their financial future
(DBN)

Mnuchin Heaps Pressure on Congress Before Sept. 29 Debt Deadline
(DBN)

Wisconsin, It's Best to be Wary When Foxconn Makes Promises Wisconsin - Foxconn Deal a Steep Tradeoff Cities Have to Borrow for Foxconn Subsidies
(DBN)

House bill would ditch Trump's wall for "comprehensive border security strategy"
(DBN)

One of these 3 'black swans' will likely trigger a global recession by end of 2018
(DBN)

This Ohio factory owner says she has jobs but few sober applicants Many Americans are too drugged-out to work
(DBN)

States With Most Americans on Disability
(DBN)

White House, business groups start major push to cut taxes Can Republicans thread the needle on tax policy? Trump to start selling tax reform this week Will Burying the Border Tax Give New Life to GOP Tax Reform Efforts? Can Trump Get Anything Done? Conservatives Push 3 Simple Tax Cuts for 2017 Trump to GOP: Show me the BIG tax reform
(DBN)

Dollar rebounds, but stays on course for worst month since January Trump’s Dollar Mess: Losses Pile Up as Political Drama Mounts
(DBN)

The real reason so many millennials still live with their parents
(DBN)

Universal basic income: A 'humane' idea whose time has come, or a $3 trillion black hole?
(DBN)

Many still prefer to work with men over women – and it shows why women face an uphill battle
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since April 2008
(DBN)

Bank Can Seize $2.3M More In Defunct Co.'s Assets: 6th Circ.
(DBN)

Chicago: Judge orders Tinley Park business to turn over records after evidence company blocked investigation
(DBN)

20 of the best US housing markets for investing in real estate
(DBN)

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Municipalities:

Why US Vulture Funds Are Fighting Over Puerto Rico’s Bankruptcy
(DBN)

Puerto Rico and the politics of legal identity
(DBN)

Here’s how much San Bernardino’s next city manager will make
(DBN)

Lifetime movie on Flint water crisis set to premiere in October
(DBN)

Pontiac nears end of state oversight, pending approval
(DBN)

Why Connecticut Is Collapsing
(DBN)

America's uneven urban renaissance
(DBN)

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Oil/Gas:

Oil prices resume push higher, Brent atop $52 a barrel
(DBN)

Fitch sees $50-$55 oil helping energy producers avoid bankruptcy
(DBN)

U.S. Shale Is Determined Not To Kill This Rally
(DBN)

U.S. Shale Slashes Capex As Low Oil Prices Bite
(DBN)

What oilpatch earnings tell us about life with $50 oil
(DBN)

OPEC Has a Crippling Problem: Its Members Canýt Stop Pumping OPEC's Existential Sucker Punch
(DBN)

U.S. rig count rises by 8 Oil Rigs "Back in action"
(DBN)

Trump Wants to Dump Fracking Rules Too
(DBN)

Keystone XL pipeline might not have enough demand to run
(DBN)

Venezuela could become first oil state to 'fully fail,' analyst warns
(DBN)

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Bankruptcy Crimes:

Former nonprofit leader sentenced for bankruptcy fraud
(DBN)

Federal prosecutor against Lindemuth's lawyers dropping out of case
(DBN)

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Electricity:

With power plants struggling, FirstEnergy sets up meeting with creditors
(DBN)

Chasing waterfalls
(DBN)

To beat Berkshire and buy Oncor, hedge fund can't mess with Texas
(DBN)

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Convention Centers:

Illinois Convention Center Project Enters Prearranged Bankruptcy
(DBN)

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Waste:

Inability to raise funds delays Green Box reorganization
(DBN)

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Fraud:

5 more banks settle forex suit for $111 million
(DBN)

Prosecutor calls "pharma bro" Martin Shkreli a "con man" as fraud case heads to jury
(DBN)

The MF Global Debacle: What Were the Red Flags?
(DBN)

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Banking:

July 2017: Unofficial Problem Bank list declines to 134 Institutions
(DBN)

Wells Fargo to repay $80 million to car loan borrowers who were wrongly charged for insurance
(DBN)

Wells Fargo Faces More Angry Questions
(DBN)

Fifth Third Lawyer Is Said to Be a Top Candidate for FDIC Chief
(DBN)

White House Considers Regional Bank Executive for FDIC Chair
(DBN)

Senate committee grills nominee for "most powerful position in banking"
(DBN)

HSBC profit rises 57%; plans $2 billion buyback
(DBN)

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Nuclear:

Southern Nuclear takes over from bankrupt Westinghouse to finish Vogtle nuclear plant Ga. Power inks deal on Vogtle project oversight
(DBN)

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Agriculture:

Turner Grain founders charged in $1M hot-check case
(DBN)

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Golf:

Golf course ownership becoming a tough market in Las Vegas
(DBN)

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Retailing:

Latest to Be Blamed for Retailers' Woes: Private Equity
(DBN)

Sears Holdings Corp Stock Awaits How Canada Unit Bankruptcy Plays Out
(DBN)

Lampert's Latest Loan Won't Save Sears Holdings
(DBN)

Consumers' changing habits force change in businesses
(DBN)

Starbucks’ Teavana stores are the latest casualty at the mall
(DBN)

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Debt Collection:

U.S. Supreme Court Holds that FDCPA Does Not Apply to Debt Purchasers
(DBN)

Debt collection law firm pays $1M in restitution to settle state suit
(DBN)

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Ethanol:

Court Ruling May Mean Lots More Ethanol
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 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:

June Commercial Chapter 11 Filings Rise 16%, 2017 Down 7% Overall
(DBN)

Forecasting Corporate Failure: Understanding Statistical and Theoretical Approaches to Bankruptcy Prediction
(DBN)

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Cross-Border:

Cross Border Insolvency Regulations 2006: Consideration of the public policy exemption and security for costs against Russian official receiver
(DBN)

INSOL publishes protocol for personal insolvency proceedings
(DBN)

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History:

Default interest is at least 4000 Years Old
(DBN)

America's 19 Biggest Robber Barons
(DBN)

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Miscellaneous:

Recent Developments In Bankruptcy Law
(DBN)

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Valuation:

Podcast: Authors of "Admitting Expert Valuation Evidence" Discuss Key Valuation Issues and Presenting Valuation Evidence Before the Courts
(DBN)

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Litigation:

Settlement Techniques: High-Low Agreements
(DBN)

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Manufacturing:

Longtime Freeland label manufacturer files for bankruptcy
(DBN)

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Coal:

Was Trump Right About Coal?
(DBN)

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Taxis:

New York Cabs Face an Uncertain Future
(DBN)

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Travel:

Judge: US Airline Seats Have Gotten Too Small
(DBN)

Passenger holding baby punched by airport worker
(DBN)

It was a record-setting week for people trying to take guns on planes
(DBN)

Flight in Vegas delayed by naked passenger
(DBN)

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Asset Recovery:

Asset Recovery 2017: Roundtable
(DBN)

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Guns:

A.D.K. Arms Files for Chapter 11 Bankruptcy
(DBN)

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Corporate Reform:

Fed Nominee Ready To Do Small Number On Dodd-Frank
(DBN)

Outside adviser to Trump calls for firing of CFPB head Cordray
(DBN)

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Autos:

GM Agrees to Settle Hundreds of Ignition Switch Cases
(DBN)

Musk Has Better Things to Do Than Run Tesla
(DBN)

Secondhand car rental co. Rent-A-Wreck gets approval for DIP loan
(DBN)

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UK:

Insolvency figures fall after record highs last year Experts warn they could rise again quickly UK Company insolvencies at record 17-year low Sharp drops in underlying corporate and personal insolvencies in Q2 2017
(DBN)

Rate of firms in financial distress hits three-year high
(DBN)

One in five estate agents are at risk of going out of business
(DBN)

Stratford Town FC could be faced with insolvency due to huge loan
(DBN)

Former Chief Registrar Stephen Baister to Join Manolete Partners
(DBN)

RBS says having to repeat arguments in $872.3 million liquidation suit feels like "Groundhog Day"
(DBN)

Barclays set aside an extra $918 million in Q2 to cover compensation over missold payment protection insurance
(DBN)

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EU:

EU explores account freezes to prevent runs at failing banks
(DBN)

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PIIGS:

Greek debt crisis: 'People can't see any light at the end of any tunnel'
(DBN)

Greece’s Road to Bailout Exit: 140 Reforms Down, Many More to Go
(DBN)

US trustee wants Seán Dunne’s emails from Google
(DBN)

The Italian (Clean-Up) Job
(DBN)

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Canada:

Jean Machine's new owners pitch turnaround amid denim resurgence
(DBN)

Sears Canada's biggest shareholders call off bid
(DBN)

Here's How The Government Could Have Stopped Sears Canada Employees From Getting Screwed
(DBN)

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India:

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel
(DBN)

IBBI chief: Bankruptcy Code will address honest failures
(DBN)

‘Insolvency Code to boost entrepreneurship, ease of doing business’
(DBN)

Gujarat NRE Coke seeks NCLT nod for asset sale
(DBN)

Not just banks, your unpaid supplier of goods or services can now initiate bankruptcy proceedings
(DBN)

200 firms under IBC in 7 months, says IBBI chief M S Sahoo
(DBN)

Challenge lies in IBC's successful implementation: SC judge
(DBN)

Insolvency and Bankruptcy Code an opportunity for ARCs
(DBN)

NCLAT's Inox Wind order a precedent
(DBN)

Stressed assets have economic value Clarifications On Framework For Revitalizing Distressed Assets
(DBN)

'Interpreting IBC is also a challenge'
(DBN)

Arun Jaitley urges PEs, ARCs to hasten resolution of insolvency cases
(DBN)

The Role that Natural Resource Auctions Played in India’s Current NPA Crisis
(DBN)

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MENA:

Arab states refrain from waging more crippling sanctions against Qatar
(DBN)

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Australia:

Nathan Tinkler's plan to escape bankruptcy
(DBN)

Clayton Utz acts as collapsed steel and mining group goes to new British owners
(DBN)

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Venezuela:

How to Restructure Venezuelan Debt
(DBN)

Maduro claims victory in violent Venezuela vote, but count is disputed Venezuela regime says more people voted to boost its power than appear to have voted at all Street fighting rocks Venezuela as protesters blast Maduro regime's 'sham election'
(DBN)

The US may be about to slap Venezuela when it needs it the least
(DBN)

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Russia:

London VTB subsidiary seeks bankruptcy for four Crimean energy companies
(DBN)

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