March 27, 2017

The Daily Bankruptcy News

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Law:

Could Biglaw See Another Associate Pay Raise — Followed By A Recession?
(DBN)

The Law Schools With The Highest LSAT Scores
(DBN)

UC-Hastings Dean: The California Bar Exam Flunks Too Many Law School Graduates
(DBN)

Linklaters boosts Restructuring Practice with key hire Linklaters returns to Goldman Sachs for restructuring hire
(DBN)

Law Firm Basics: How To Retain Excellent Attorneys And Support Staff
(DBN)

US court upholds ban on private investment in law firms
(DBN)

Dealing With Difficult Opposing Counsel
(DBN)

How One Big Law Firm is Using Data
(DBN)

Brad Edwards on Surviving Rothstein, Battling Epstein and Keeping His Cool
(DBN)

Biglaw Lawyers Behaving Badly: The Elite 8 (Part 2)
(DBN)

Stat Of The Week: Percentage Of U.S. Lawyers v. Decline In GDP
(DBN)

Muller: Average Inflation-Adjusted Student Debt Declined At 71% Of Law Schools Over Past Three Years
(DBN)

Good Lawyers Keep Learning
(DBN)

Reinventing Professionals: From BigLaw partner to ethical hacker
(DBN)

Ex-bankruptcy atty for "Real Housewives" star asks for pause of malpractice suit
(DBN)

Sidley, Deloitte likely still on the hook for suit over $350 million Ponzi scheme
(DBN)

Teacher Fired After Telling Student to Stand for Pledge of Allegiance
(DBN)

Being a lawyer is a total bore
(DBN)

Lawyer is among four killed in shootings at Wisconsin law office and bank
(DBN)

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Judges:

Filibustering Gorsuch Is Still a Bad Idea Trucker: 'Surreal' to be topic of Supreme Court nomination NAHB: White House asked for our help to get Gorsuch on Supreme Court Behind Neil Gorsuch’s Non-Answers: Every sign suggests that he would be at least as conservative a judicial activist as Samuel Alito
(DBN)

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Wall Street:

Dow futures slide more than 100 pts as doubts over Trump’s agenda build
(DBN)

Stocks close mixed after House pulls health-care bill
(DBN)

Asian markets drop, led by Tokyo, as dollar weakens following Trump health-care failure Asian markets down on fears about future of Trump agenda
(DBN)

Banks lead European stocks lower as Trump rally falters
(DBN)

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Layoffs:

Treasury Secretary Mnuchin says AI taking US jobs is '50-100 years away' — but it's already beginning to happen
(DBN)

Will US Workers Lose Their Jobs to Robots?
(DBN)

Powering America's Manufacturing Renaissance: Foreign Robots
(DBN)

15 Jobs on the Way Out
(DBN)

Heinz Kraft to Lay Off 200 Workers
(DBN)

Bay Area Job Markets Tumble
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Nuclear:

What A Westinghouse Bankruptcy Could Mean For U.S. Utilities
(DBN)

Bankruptcy filing for Westinghouse Tuesday bankruptcy filing for Toshiba's Westinghouse ideal option -source
(DBN)

Report: Vogtle contractor headed for Chapter 11
(DBN)

Cumbria's nuclear power plant project ‘may be put back to 2030’, stalling the UK's nuclear ambitions

Toshiba's Westinghouse may file bankruptcy Tuesday, seeks Kepco aid Toshiba seeks support from Korea Electric Power Corp. as Westinghouse nuclear unit prepares for bankruptcy
(DBN)

What A Westinghouse Bankruptcy Could Mean For U.S. Utilities
(DBN)

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Non-Profits:

Tentative Settlement in PA Fire Dept. Bankruptcy Case
(DBN)

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Retailing:

Why HHGregg is shrinking Great American Capital Provides $30MM DIP to hhgregg
(DBN)

GameStop to Close 100 Stores
(DBN)

U.S. Stores Are Too Big, Too Boring, and Too Expensive
(DBN)

Sporting Goods Retailers Continue Striking Out: Is Experiential Retail The Home Run Needed?
(DBN)

Finish Line's explanation of its disappointing quarter perfectly captures the retail apocalypse
(DBN)

Sears once boasted on having everything you need. Those days are long gone. Here's what will happen to your Sears warranty if the company goes bankrupt
(DBN)

Is J.C. Penney Circling the Drain? Wall Street Says Yes
(DBN)

Mall tenant experiencing 1990s-era vibe as retailers close major anchor stores
(DBN)

Storess Close in Oversaturated Retail Market
(DBN)

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Personal Finance:

These are the worst money habits parents teach their kids
(DBN)

23 questions you should never ask at the end of a job interview
(DBN)

An introvert’s guide to job hunting
(DBN)

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Hedge Funds:

Hedge Funds are Dying at an Alarming Rate
(DBN)

Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil
(DBN)

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Shipping:

NPS at crossroads over Daewoo Shipbuilding rescue plan DSME bailout plan faces setbacks Daewoo Shipbuilding to Receive Second Lifeline From Creditors Daewoo Shipbuilding to focus on specialty vessels, eyes turnaround in 2017 State-run creditor takes two-track approach on Daewoo Shipbuilding Korean financial authorities under fire for inflating economic toll from DSME fall
(DBN)

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Celebs:

Judge gives go-ahead to 'RHONJ' star Teresa Giudice's legal malpractice lawsuit
(DBN)

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Radio:

A New Twist in iHeartMedia's Debt Struggles
(DBN)

WPRO’s Parent Company Cumulus Stock Collapses, Bankruptcy Looming?
(DBN)

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Banking:

Regulators Give Passing Grade to 'Living Wills' for Regional Banks
(DBN)

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Solar:

Rooftop Solar Facing U.S. Consolidation as `Weaker Hands' Fold
(DBN)

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Trucking:

Graebel Van Lines acknowledges it's finished as creditors come calling
(DBN)

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Autos:

Confidante Gets VW CEO in Diesel Trouble
(DBN)

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Economy:

BLS: Unemployment Rates "significantly lower in February in 10 states", Arkansas and Oregon at New Lows
(DBN)

Fed Nowcast stands at 3.0% for 2017:Q1 and 2.7% for 2017:Q2
(DBN)

Economy doing OK even if official scorecard shows low score
(DBN)

Fed: Q4 Household Debt Service Ratio Very Low
(DBN)

Dollar falls to lowest in 4 months after health bill is pulled
(DBN)

6 Things Paul Ryan Doesn’t Understand About Poverty
(DBN)

Consumer Spending Slows Since December
(DBN)

PIMCO: The odds of a 'full-blown trade war' are lower than they were 4 months ago
(DBN)

Tax Avoidance Costs The U.S. Nearly $200 Billion Every Year
(DBN)

Mexico Wants to Renegotiate NAFTA Now Larry Summers: Why scrapping NAFTA would be Trump’s big gift to China
(DBN)

Mnuchin Warns of Protectionist Turn for Unfair Trading Partners
(DBN)

Tax cuts aren't going to be any easier than 'Trumpcare' Chair of Freedom Caucus Open to Deficit-Expanding Tax Cuts
(DBN)

U.S. Heavy Truck Sales increasing following Oil Price Related Slump
(DBN)

Trump is trying to take credit for a jobs announcement Charter made months ago Trump Touts a Company’s Hiring Plan From 2015
(DBN)

Debt limit looks like a real struggle after health bill debacle
(DBN)

How to ensure everyone a guaranteed basic income Universal income may help alleviate the 'US of anxiety' — or become a lesson in 'bad math'
(DBN)

The public wants a budget that looks very different from Trump’s
(DBN)

Trump Administration Grants Pipeline Permits Without All His Promised Conditions
(DBN)

Mnuchin Promises Individual, Corporate Tax Cuts in Overhaul
(DBN)

Americans are dying with an average of $62k of debt
(DBN)

Wilbur Ross will shepherd Trump’s trade policy: Should he also own a shipping firm?
(DBN)

Trump Economy Needs Wings and Prayers to Soar
(DBN)

White House looks past conservatives on tax reform - to Democrats
(DBN)

The whole Trump growth story is about to face a huge challenge
(DBN)

Hedge fund king Ray Dalio: Here's the 'phenomenon' shaping the world economy
(DBN)

Trump Isn't a Fan of the WTO, But U.S. Lawyers Often Win There
(DBN)

Mexicans who help build Trump wall 'traitors,' says Catholic Church Border Wall Faces Many Obstacles
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

CoreLogic: "Between 2007–2016, Nearly 7.8 Million Homes Lost to Foreclosure"
(DBN)

Black Knight: House Price Index up 0.1% in January, Up 5.4% year-over-year
(DBN)

Trulia: Housing inventory tumbles to all-new low
(DBN)

OCC: Charts prove borrowers keep getting better at paying their mortgage
(DBN)

Value of housing market hits 10-year high
(DBN)

Tips for Selling Your Home in This Year’s Wild Market Selling your home this spring? 50 tips to sell it faster and at a better price
(DBN)

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Municipalities:

US Virgin Islands financial stress and options for relief
(DBN)

Dozens of Mich. water systems top lead limit
(DBN)

Pension Crisis Too Big for Markets to Ignore
(DBN)

Puerto Rico balks at proposed $450M public university cuts
(DBN)

Puerto Rican Debt Crisis Endangers Muni Funds
(DBN)

Jaresko, ex-finance minister, to head Puerto Rico debt rescue Ukraine ex-finance minister to oversee Puerto Rico crisis
(DBN)

US ‘oversight’ board orders cuts for Puerto Rico workers to pay off bonds
(DBN)

House Rejects Puerto Rico Healthcare Amendment
(DBN)

What Keeps Most American Cities From Decline
(DBN)

Is Bankruptcy For Illinois The Answer?
(DBN)

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Oil/Gas:

Oil prices fall as worries over global supply resurface
(DBN)

Crude Oil Inventories Set Record
(DBN)

Goldman: Another Oil Glut is Coming in 2018
(DBN)

Oil: "Incredible strength in rig additions" U.S. rig count climbs by 20 in 10th weekly increase Halliburton adding 2,000 U.S. jobs as oilfield activity picks up
(DBN)

Shell’s New Permian Play Profitable At $20 A Barrel
(DBN)

U.S. Shale Could Peak Before 2025
(DBN)

US producers build up sales hedges as oil falls
(DBN)

Is The Private Equity Oil Rush Back On?
(DBN)

Triangle Petroleum Corp says TUSA, its units filed third amended joint Chapter 11 plan of reorganization
(DBN)

OPEC, non-OPEC to look at extending oil-output cut by six months Oil Prices Slide on Growing Worries About OPEC
(DBN)

How Much Further Oil Could Fall
(DBN)

OPEC Be Warned: Russia Prepares for Oil at $40
(DBN)

Transocean Battens Down The Hatches
(DBN)

Norwegian Oil Plays Struggling After Oil Price Collapse
(DBN)

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Food/Beverage:

Le Cirque to remain open despite bankruptcy filing One of New York's most prestigious power-lunch spots reportedly just filed for bankruptcy
(DBN)

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Politics:

Kushner Put in Charge of Overhauling the Government
(DBN)

How 'Trumpcare' went up in flames — and why it should worry the GOP about the future The 33 Who Stopped the GOP Health Bill Here’s what the Republicans who just stopped Trump want next House Republican shuts down Steve Bannon after being told they had 'no choice' in Trumpcare vote Angry over U.S. healthcare fail, Trump voters spare him blame Photo published for Trump’s AHCA Blame Game Shifts to GOP Targets For House Speaker Paul Ryan, a humbling defeat on Obamacare repeal In Trump’s New Health Care Reality Show, He Doesn’t Control the Final Episode Bannon Pushed Trump to Use Health Care Vote to Write Up “Enemies List” Trump and GOP Flailing as Obamacare Repeal Stumbles For Trump, it was the lost art of the deal Whom Trump called as health bill finally collapsed: ‘Hello, Bob’ GOP Eyes Tax Overhaul -- And Lessons From Health-Care Failure Trump lashes out at conservatives for health care debacle as GOP civil war grows Trump's Retreat on Health Care Deals a Blow to the Rest of His Agenda White House threatens to bypass hardline conservatives on tax reform A GOP congressman just resigned from the hardline Freedom Caucus over failed Obamacare repeal Dollar hits near two-month low after Trump's healthcare debacle 4 Political Minefields Waiting for Trump Following His Health Care Failure Here's the next hill Trump, Ryan and House Republicans could die on
(DBN)

Mark Cuban is getting more serious than ever about running for president
(DBN)

'Is he ready to apologize?': Fox News anchor confronts Trump chief of staff over Obama wiretap claims
(DBN)

Donald Trump printed out made-up £300bn NATO invoice and handed it to Angela Merkel White House rejects report that Trump handed Germany a $374B bill for NATO services
(DBN)

Trump Tweet Hyping 'Judge Jeanine' Show Wasn’t Criticism of Paul Ryan, Aides Say
(DBN)

Twilight Zone Awaits EU’s Vestager on Trip to Trump’s America
(DBN)

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New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Structured Dismissal:

Absolute Priority Remains Absolute – US Supreme Court Holds Structured Dismissals Cannot Violate Priority Rules
(DBN)

Jevic: The Supreme Court Gives Structure to Chapter 11 Structured Dismissals
(DBN)

Jevic - The Supreme Court Puts the "Dis" in Structured Dismissals
(DBN)

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TBTF:

Fed gives Northern Trust 'living will' extension along with four foreign banks
(DBN)

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Awards:

Chamber Global 2017 - Restructuring
(DBN)

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Interest:

Ninth Circuit Holds That Cure Amount May Include Post-Default Rate of Interest
(DBN)

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Subordination:

How to Calculate the Distribution Due on a Claim Subordinated to Equity Level?
(DBN)

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SCOTUS:

Solicitor General Weighs In On Whether A Claim Purchaser Becomes An Insider By Buying An Insider's Claim (scroll down to bottom)
(DBN)

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Insurance:

The Life Settlement Industry – Bankruptcy Issues – Part 2
(DBN)

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Avoidance Actions:

The UVTA Baedeker: Is The Transaction Voidable?
(DBN)

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Healthcare:

Kramer Levin’s Adam Rogoff and Anupama Yerramalli discuss the ins and outs of healthcare restructurings
(DBN)

FactCheck: Healthcare Bill Claims Trumpcare May Have Died But That Doesn’t Mean Obamacare Is Safe Many governors welcome demise of GOP health care bill In Defeat, Trump and Ryan Offer No Path Forward on Health Care GOP Health Benefits Change Would Upend Insurers’ 2018 Plans Where Trump will take the fight against Obamacare, now that the health bill is done Trump May Have Lost on Obamacare Yet Still Controls Its Fate GOP Leaders Plan to Scrap Health Reform, but Some Republicans See Path Forward
(DBN)

The disease killing white Americans goes way deeper than opioids
(DBN)

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Agriculture:

Trump's immigration crackdown is hurting US farms with its unintended consequences
(DBN)

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Mass Torts:

John Crane Fails to Establish Personal Jurisdiction in RICO Claim Against Plaintiff Law Firm
(DBN)

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Taxis:

Bankrupt SF Yellow Cab up for sale
(DBN)

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Coal:

Arch Coal CEO gets $10.2 million stock award after bankruptcy
(DBN)

Top US coal boss Robert Murray: 'We do not have a climate change problem'
(DBN)

Can Trump’s Proposal Save The Coal Industry?
(DBN)

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Aviation:

How do you memorialize TWA, a dead airline? Attendant uniforms, planes and a voodoo doll
(DBN)

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Debt Collection:

EZPass debt collector beats suit over recovery letters
(DBN)

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Sovereigns:

Inter-Creditor Duties in Sovereign Debt
(DBN)

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UK:

The UK is about to formally trigger the Brexit process — here's what that means Thousands Rally in London to Stop Brexit
(DBN)

Brexit could see UK lawyers banned from EU work
(DBN)

Store Twenty One struggling to meet rent terms
(DBN)

British Brantano files for bankruptcy
(DBN)

Bad Boys of Brexit Are Now Trying to Split California
(DBN)

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PIIGS:

Italy said to mull Alitalia financing to avoid cash crunch
(DBN)

Brussels negotiations end with progress in fiscal issues Greece to Break Off Face-to-Face Talks as Issues Persist Greek Government Keeps Silent About Progress of Negotiations
(DBN)

Decision on Monte Paschi rescue soon; Vicenza and Veneto next: ECB
(DBN)

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Canada:

Bankruptcy study points to worsening income inequality in Ontario
(DBN)

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Australia:

Does a bankrupt beneficiary’s effective control of a discretionary trust transform their interest into property
(DBN)

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Brazil:

Creditors of Brazil's Oi balk at revised debt restructuring plan
(DBN)

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Russia:

Russia set to repay all Soviet Union's foreign debt
(DBN)

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China:

China's Kaisa unveils first results in two-and-a-half years, shares to resume trading Kaisa Group soars 87% as trading resumes
(DBN)

Rich Chinese Race to Apply for a U.S. Golden Visa
(DBN)

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India:

New Bad Loan Resolution Plan Gathers Pace
(DBN)

Bankruptcy norms for individuals in the works
(DBN)

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Venezuela:

Venezuela runs out of Gasoline
(DBN)

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