June 20, 2017

The Daily Bankruptcy News

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Law:

Scam emails being sent to bankruptcy attorneys around the country
(DBN)

Good Samaritan Scores Summer Associate Gig After Train Station Assault
(DBN)

Female Lawyers And The Dreaded ‘B-Word’
(DBN)

Law firms fail to satisfy clients across the board
(DBN)

Charleston President Touts Rebirth Of Law School With 150% Enrollment Boost, Removal From DOE's 'Naughty List'; He Urges Graduates To Work As Policemen And Firemen
(DBN)

What One Law Firm Leader Learned About Diversity From His Clients
(DBN)

What To Do When You Feel Stuck
(DBN)

Hunton & Williams Replaces D.C. Leadership Following Exits
(DBN)

'For Growth's Sake,' Enough Already
(DBN)

Why You May Not Be Getting 'Fair Value' With Discounted Legal Rate
(DBN)

Three More Female Law Profs Sue U of Denver Over Pay Gap
(DBN)

Freestyle Legal Practice: Inferior Lawyer + Technology Beats Expert Lawyer + Technology?
(DBN)

Law School’s New A2J Design Lab Will Put Students In Shoes Of Entrepreneurs
(DBN)

Leader In Biglaw Parental Leave Further Expands Its Already Unprecedented Benefits • Orrick enhances parental support for staff
(DBN)

Former Duane Morris Client Seeks $680K For Going Over Budget
(DBN)

Scam targets clients of fugitive lawyer awaiting sentencing in $550M disability fraud scheme
(DBN)

Former White House Counsel Allegedly Planned Violent Attack
(DBN)

Jared Kushner is reportedly looking for new lawyers as the Trump-Russia investigation escalates
(DBN)

The New Face of Trump’s Legal Team Is the Christian Right’s Pitbull
(DBN)

Trump’s Lawyer Gives White House Aides Terrible Legal Advice — Bar Complaints Come Rolling In
(DBN)

Kasowitz Plus Dowd Equals Combative Mix for Team Trump
(DBN)

Man Upset Over Wrong Latte Stabs Customer At Starbucks
(DBN)

NFL Settles Charity Case After Goodell Asked To Testify Over Gambling Policy
(DBN)

Study shows states with 'right-to-carry' laws are closely associated with higher rates of violence
(DBN)

Attorney barred from depos after judge learns he assaulted co-counsel in front of a jury
(DBN)

Amorous couple drown after car rolls into river
(DBN)

Can Netflix Help Solve A Murder Mystery?
(DBN)

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Wall Street:

US stocks aim for record open as tech rebound continues
(DBN)

Dow rises more than 100 points, hits record high as tech stocks bounce
(DBN)

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Layoffs:

Amazon: Whole Foods Plan Hints at Price Cuts, Automation
(DBN)

GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales
(DBN)

Here's when robots will start beating humans at every task
(DBN)

Google Chairman Eric Schmidt is wrong about innovation not killing jobs
(DBN)

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Healthcare:

California medical group files for bankruptcy
(DBN)

How hospice operators are stealing millions from Medicare
(DBN)

Centene commits to new Obamacare markets, as other insurers eye business
(DBN)

New analysis of GOP health-care bill says 13M more would become uninsured, fewer than CBO estimate
(DBN)

Democrats Aim to Stymie Senate GOP’s Health Care Efforts • Could the Senate Really Produce a Health Care Bill Less Popular than AHCA? • On the Senate health care bill
(DBN)

Big drops seen in number of kids without health insurance since Obamacare passed
(DBN)

New study says House GOP healthcare bill would lead to the loss of almost 1 million jobs in 10 years
(DBN)

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Coal:

John Oliver: Why 'Trump needs to stop lying to coal miners'
(DBN)

Switching From Coal To Solar Could Save 50,000 Lives
(DBN)

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Banking:

Close Failing Banks Before They Cost U.S. Billions of Dollars, Says Study
(DBN)

Sen. Elizabeth Warren calls for removal of 12 Wells Fargo board members • Elizabeth Warren wants the Wells Fargo board wiped out • Wells Fargo Directors Should Take the Hint
(DBN)

Trump's Banking Deregulation Team Takes Shape With FDIC Pick
(DBN)

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Retailing:

Papaya becomes latest teen apparel retailer to file for bankruptcy
(DBN)

Landlords, Vendors, and Trade Creditors Beware: Protecting Your Interests During A Retail Meltdown
(DBN)

15 retailers on the brink of bankruptcy
(DBN)

Retailer BCBG gets buyout offer from Marquee and Global Brands
(DBN)

Retailer Payless warns creditors may jeopardize restructuring
(DBN)

Hudson's Bay soars amid calls to go private, monetize real estate • Meet Jonathan Litt, the real estate investor pushing retailer Hudson's Bay to change
(DBN)

Thousands of Americans are going to church in dead malls
(DBN)

Tenants to Malls: Let's Make a Deal
(DBN)

Retail exec warns a global economic crisis is looming: 'This bubble… will explode'
(DBN)

Amazon's buying Whole Foods is concerning, and here's why • Retail Stocks Lower as Amazon Takes Out Whole Foods • Amazon wrecked the mall. Now it's coming for the grocery store • Whole Foods CEO: We focused on employees at the 'expense of our customers' • Very few Americans buy their groceries over the internet — but Amazon seems intent on changing that • 'It’s gonna change our culture': Whole Foods CEO preps his staff for life under Amazon • How Amazon's Whole Foods takeover may lower your grocery bill • Whole Foods CEO reveals $13.7 billion Amazon deal came to him in a dream • 'Love at first sight': The bizarre story of how Amazon's deal for Whole Foods went down • The stocks that could benefit from a Whole Foods bidding war • The 9 Reasons Why Amazon Buying Whole Foods Is A Good Idea
(DBN)

For shares of companies that compete with Amazon, times have never been worse
(DBN)

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Mining:

Minnesota officials tried to avoid another mining failure
(DBN)

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Travel:

What to do when you’re stuck on a plane sitting next to someone sick, smelly, or obese
(DBN)

It's so hot in Phoenix, they can't fly planes!
(DBN)

Flight Attendants: Angry Passengers a Problem
(DBN)

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Education:

Michigan joins ranks of schools with free tuition
(DBN)

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Hotels:

Hotel Occupancy down Year-over-Year
(DBN)

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Debt Collection:

What to Expect in a Narrowed CFPB Debt Collection Rulemaking
(DBN)

Big Victory For Debt Buying Industry: Supreme Court Holds That Debt Buyers Are Not “Debt Collectors” Under The FDCPA
(DBN)

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Software:

Judge: Law firm can't press antitrust conspiracy claim vs bankruptcy management software biz
(DBN)

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Gambling:

Md. casino revenue has jumped since MGM opened, but nearby venues took a hit
(DBN)

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Maritime:

Rickmers appoints equity fund to attract investors
(DBN)

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Economy:

Q2 GDP Forecasts being Revised Down
(DBN)

Fed Nowcast: 1.9% for 2017:Q2 and 1.5% for 2017:Q3
(DBN)

The right criticized Janet L. Yellen for years. Now the left says she’s too far right.
(DBN)

Warren Tells Fed to Grow a Backbone
(DBN)

The Man Who Ran the Bank Bailout Is the Fed’s Toughest Internal Critic
(DBN)

Amazon CEO Jeff Bezos may be single-handedly killing inflation
(DBN)

24% of Americans don't have single dollar saved for emergency
(DBN)

Reports of Globalization’s Death Are Greatly Exaggerated
(DBN)

Goldman Sachs CEO Lloyd Blankfein: 'Things are pretty good' with the economy
(DBN)

Trump is telling people to focus on the economy, so we did
(DBN)

Americans' economic optimism is surging: CNBC survey
(DBN)

Wilbur Ross: NAFTA renegotiation may take until next year
(DBN)

Trump faces his biggest trade decision yet
(DBN)

Goldman Sachs CEO says it could take 10 years to fully recover from 2008 recession
(DBN)

Fed's Evans says may be worth waiting to year-end to assess next rate hike
(DBN)

Forget Trump and Brexit — this is what elite fund managers are watching closely
(DBN)

Trump’s Apprenticeships Are Based on a Problem That Doesn’t Exist
(DBN)

Give Us Your Tired, Your Poor, Your Huddled Masses Yearning to Send Cash
(DBN)

The great American fallout: how small towns came to resent cities
(DBN)

Trump's Infrastructure Plan Isn't Very Smart
(DBN)

7 Things You Could Buy For $1 in 1950
(DBN)

15 jaw-dropping predictions for workers over 50
(DBN)

Paul Ryan tries to save 'crown jewel' of GOP agenda: Tax reform
(DBN)

How Highway Tolls Can Make US Infrastructure Great Again
(DBN)

The Hoarding of the American Dream
(DBN)

Deadly heat waves could hit most of the world by 2100
(DBN)

Consumers’ Financial Expectations Worsen Somewhat in May
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

6th Cir. Holds Michigan Assignment of Rents Removes Rental Income from Bankruptcy Estate
(DBN)

Pending Changes to Federal Bankruptcy Rules Could Negatively Impact Residential Mortgage Lenders
(DBN)

Housing Starts Since 1968
(DBN)

Lawler: Single-Family Housing Production ‘Shortfall” All In Modestly Sized, Modestly Price Segment
(DBN)

Early Read on Existing Home Sales in May
(DBN)

Fed's Fischer says he's worried memories are fading about housing's pivotal role in financial crisis
(DBN)

Another part of the real estate market is starting to crumble
(DBN)

Don’t put your money in a house, says a new report
(DBN)

Can this landlord outfox his lenders with a $37 million loan?
(DBN)

High-rises with certain types of insulation may become uninsurable
(DBN)

Sam Zell Speaks His Mind
(DBN)

The hottest neighborhood in San Francisco, where home prices have risen 75% in the last 5 years
(DBN)

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Municipalities:

Puerto Rico oversight board fears progress stalling on economic fix
(DBN)

Puerto Rico And The Mess To Come
(DBN)

Puerto Rico's austerity trap
(DBN)

Puerto Rico Wants To Become A State; Here's What That Means
(DBN)

New Mexico Pension Tries to Head off Possible Shortfall
(DBN)

Pennsylvania takes a smart step toward avoiding financial disaster
(DBN)

Don't Bail Out Failing States Like Illinois • Illinois A State In Crisis • Here's One Record Illinois Doesn't Want to Attain • Could Illinois file for bankruptcy ?
(DBN)

The Kansas Supply-Side Experiment Unravels • How states like Kansas punish the poor for being both too poor and not poor enough
(DBN)

City of San Bernardino emerges from bankruptcy after 5 years
(DBN)

Why charges in Flint's water crisis could lead to jail time for the first time • In Flint water crisis, could involuntary manslaughter charges actually lead to prison time?
(DBN)

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Oil/Gas:

Three Years On, Oil Industry Comes to Terms With Cheap Crude
(DBN)

On anniversary of oil bust's beginning, should crude prices be this low?
(DBN)

Delaware Bankruptcy Court Denies Preliminary Injunction Seeking to Compel Plugging and Abandonmen
(DBN)

Oil trades near $45 as U.S. keeps pumping in oversupplied market • Déjà Vu: Shale To Kill Oil Prices Once Again • Oil prices hit seven-month lows on global oversupply • Why Global Crude Oil Prices Could Fall Even Lower
(DBN)

What’s Wrong With The U.S. Oil Export Boom
(DBN)

Shale Patch M&A Frenzy Cools as Oil Price Gets Stuck Below $45
(DBN)

Falling oil prices could drag on Houston's economy, again
(DBN)

Oil's gloomy summer triggers hedge-fund doubts on gasoline
(DBN)

What the Fed’s Interest Rate Hike Means For Oil Prices
(DBN)

Saudi Oil Minister: Oil Markets To Rebalance In Q4 2017
(DBN)

Oil Tanker Storage Hits a 2017 Record Despite OPEC's Cuts
(DBN)

Another Bad Sign for OPEC and the Oil Bulls
(DBN)

A Tale of Two Offshore Drillers
(DBN)

Shale's Record Fracklog Could Force Crude Prices Even Lower
(DBN)

Ocean Rig UDW Inc. Announces Decision by Highland Capital Management LP Not to Pursue Objections to Recognition of Cayman Proceedings by U.S. Bankruptcy Court
(DBN)

Big Oil backs carbon tax push
(DBN)

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Politics:

Mueller will bring an expert on making witnesses flip on their friends to the Trump-Russia investigation • Robert Mueller will meet with Senate Judiciary Committee to coordinate on Trump-Russia investigation
(DBN)

Republicans consider cancelling August recess to salvage agenda
(DBN)

Trump: I'm More Popular Than Obama • Trump: Danger Signs in the Polls • Franken: For God's Sake, Don't Impeach Trump
(DBN)

Trump retains assets worth at least $1.4 billion, new disclosure shows • Business Is Good For President Trump -- Mostly
(DBN)

Chaffetz Trashes Trump, Sessions Before Exit
(DBN)

CNN reporter lashes out at Sean Spicer for off-camera briefing: 'He's just kind of useless' • Sean Spicer is reportedly interviewing people to take his job while Trump considers a new role for him
(DBN)

Judge Napolitano: Comey Testimony 'Laid Out a Case for Misconduct' Against Loretta Lynch
(DBN)

Why the GOP May Ride Trump Train Off a Cliff
(DBN)

Trump Was Once Articulate, What Changed?
(DBN)

______________

Metals:

A.M. Castle files fast-track Chapter 11 bankruptcy reorganization plan
(DBN)

New Delaware Chapter 11 Filings – Keystone Tube Company, LLC, A.M. Castle & Co. et al. • First Day Dec
(DBN)

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Autos:

Takata: touching the void • What to expect in Takata's looming bankruptcy • Airbag maker Takata plummets on bankruptcy fears, lose 20% in two days • Experts: Takata bankruptcy means air bag victims get less • Embattled airbag maker says no decision yet on bankruptcy
(DBN)

Survival of the Fittest in the Auto Industry
(DBN)

Auto slowdown flashes caution lights for manufacturing employment — and Trump
(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 (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Litigation:

SCOTUS rejects California courts’ jurisdiction over claims by out-of-state litigants against out-of-state defendants
(DBN)

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Plan Confirmation:

An Important Ruling for Secured Lenders – Ninth Circuit Holds that the Proper Cramdown Valuation is Replacement Value
(DBN)

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Miscellaneous:

Be Careful What You Ask For: The Unintended Consequences of Creditor Remedies in Bankruptcy Cases
(DBN)

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Tax:

CA: This is huge . . . and there is very little news about it
(DBN)

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Jurisdiction:

Subject Matter Jurisdiction and Abstention in Legal Malpractice actions brought by a Bankruptcy Debtor – Part 1 • Part 2
(DBN)

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Ch. 13:

Debtor who Fails to Make Direct Payments to Secured Creditor under “Cure and Maintain” Plan is Not Entitled to a Discharge since they are “Payments Under the Plan”
(DBN)

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TIA:

Entire Fairness in the Trust Indenture Act
(DBN)

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Fraud:

2nd Cir. Upholds Dismissal of Supposed ‘LIBOR Fraud’ Claims
(DBN)

Shkreli's Lawyer Says Ignore Tweet Boasting in Bail-Cut Bid • Feds Scoff at Shkreli's Cash-Flow Claims • Martin Shkreli wants to cut his bail by $3 million to pay back taxes and his lawyers after reporting a $70 million net worth • Martin Shkreli's Defense: I Paid Back Investors I Might Have Ripped Off
(DBN)

Alyssa Milano Files $10M Fraud Case
(DBN)

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Salvage:

Bankrupt Titanic salvage firm for sale
(DBN)

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Fashion:

How Kindness Took This Plus-Size Fashion Brand From Bankruptcy to Success
(DBN)

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Religion:

Judge weighs competing plans in Minnesota archdiocesan bankruptcy case
(DBN)

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Celebs:

Johnny Depp's money woes laid bare in legal battle • Johnny Deep's Inner Circle Emails Released
(DBN)

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Nuclear:

Did Natural Gas Interests Help Create Bad News For The Nuclear Sector? Will They Continue To Push?
(DBN)

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UK:

Britain charges Barclays, ex-bosses over "unlawful" Qatari deal
(DBN)

George Soros on Brexit: 'Economic reality is beginning to catch up with the false hopes of the population'
(DBN)

'We are not turning inwards': Britain's Chancellor undermines Theresa May's 'Hard Brexit' vision in speech to the City • David Davis caves into EU negotiation demands on first day of Brexit talks • Britain's economic growth 'shifts down a gear' as Brexit talks begin • UK caves to EU's Brexit timetable, delaying trade talks • Brexit threatens to become a fiasco — and investors are in denial • What bankers in London really think of Brexit • After Brexit, an uncertain fate for UK’s nearly 3 million EU-born migrants
(DBN)

UK top 30 female law firm partner promotions fall 23% in two years as London sees post-Brexit dip
(DBN)

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EU:

Buyers Line Up as Europe's Biggest Debt Collector Divests Units
(DBN)

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PIIGS:

Greece Gets a Break in Its Seven-Year Drama
(DBN)

______________

Canada:

Catch me if you can: The art of pursuing fraudulent debtors
(DBN)

Details of Canada’s Bail-in Regime Unveiled
(DBN)

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Australia:

Australia's Haunted Housing Market
(DBN)

Good news for Australian company directors on personal liability risk
(DBN)

Australia's Haunted Housing Market
(DBN)

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Venezuela:

Rich Venezuelans eat sushi, guzzle cocktails amid chaos
(DBN)

Wall Street Weighs Pros and Cons of Propping Up Another Authoritarian Regime
(DBN)

Venezuela's food parcels prove imperfect solution to crisis
(DBN)

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India:

Clock ticking on India's bad bank debts under bankruptcy law
(DBN)

Resolution under Insolvency and Bankruptcy Code may be limited: Moody's
(DBN)

India's Bhushan, Essar Steel among 12 firms being moved to insolvency courts -sources • Insolvency action against 12 distressed borrowers is RBI’s nuclear strike on bad loans
(DBN)

RBI: Why the Indian Insolvency and Bankruptcy code will not solve the problem of bad loans
(DBN)

Lenders lead India's benchmark index to fresh record highs
(DBN)

Steel lobby seeks changes to stressed assets scheme
(DBN)

PM’s office reviews progress of NPA resolution, discusses more measures
(DBN)

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Argentina:

Argentina announces surprise sale of 100-year bonds • Argentina’s Can’t-Miss Offer To Participate In Its First Non-Deadbeat Century
(DBN)

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Singapore:

Singapore's New Restructuring And Insolvency Regime (Impact On Security Interest Arrangements)
(DBN)

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MENA:

UAE's new bankruptcy law needs testing
(DBN)

Abu Dhabi Fund Buys Dana Stake Amid $700 Million ‘Unlawful’ Debt • Dana Gas struggles to bring creditors on board for bond restructure
(DBN)

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Belgium:

Bankruptcy statistics in Belgium: May 2017
(DBN)

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New Zealand:

Court clarifies bankruptcy issues
(DBN)

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South Africa:

The President Who Caused a Recession
(DBN)

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Cuba:

Cuba Won't Negotiate New Trump Policy
(DBN)

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Azerbiajan:

Azeri state-run bank IBA modifies some debt restructuring terms
(DBN)

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