September 26, 2017

The Daily Bankruptcy News

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Law:

Big Four accountancy firms gain ground on law firms PwC Launches U.S. Law Firm, Seeks Market Share From BigLaw, Especially In Tax
(DBN)

Big Law's Latest Gender Bias Plaintiff is a Former Obama Classmate Winston & Strawn Hit With Explosive Gender Bias Suit
(DBN)

The lateral market for managers: why do so few law firm heads take leadership roles at rivals?
(DBN)

Gibson Dunn Doubles Real Estate for Growing Houston Office
(DBN)

Working in Disasters: Our Experiences in Houston and Mexico City
(DBN)

Oracle’s Top Lawyer on the ‘Cascading Effect’ of Diversity
(DBN)

What does Pricewaterhouse Coopers' legal services move in DC mean for US firms?
(DBN)

9 surprising signs that could mean you are smarter than average
(DBN)

3 types of LinkedIn messages to avoid if you want a response
(DBN)

7 salary negotiating tips for women
(DBN)

Practicing Being With Uncertainty And Fear
(DBN)

Every Single Cognitive Bias in One Infographic Every Single Cognitive Bias in One Infographic
(DBN)

Locating Circuit Splits: Some Tips and Tricks
(DBN)

Anthony Weiner gets 21-month sentence
(DBN)

Woman Abandons Law Degree To Become P--- Star
(DBN)

Experts say Trump's new travel ban could be harder to fight in court Supreme Court drops case on Trump travel ban from calendar Supreme Court cancels oral arguments on March travel ban, asks lawyers to address mootness
(DBN)

Trump staff used personal devices and private emails for official White House work At least 6 White House advisers reportedly used private email accounts for government business The Brazenness of Trump's Staff Over Emails
(DBN)

Top Trump confidant: Manafort confirmed that Mueller's team plans to indict him Manafort mood 'amazingly good' despite 'coming indictment'
(DBN)

GOP senators propose conservative alternative to Dream Act Key facts about unauthorized immigrants enrolled in DACA GOP to Introduce Citizenship Path for ‘Dreamers’
(DBN)

Do you support Colin Kaepernick? Read this before making a First Amendment political protest on the job Trump Wants NFL Players Fired. It's Not That Simple
(DBN)

Voicemails From Florida Nursing Home Where 11 Died During Irma Deleted by Governor’s Office
(DBN)

Survey: Just A Quarter Of Americans Can Name All 3 Branches Of Government
(DBN)

The costs of workplace rudeness
(DBN)

Judge rips "arrogance" of insider trading suspect jailed for increasingly bizarre behavior
(DBN)

SEC staff forced to tell chairman about hack when stolen data used by inside trader SEC Says It Told U.S. Security Officials of Hack Months Ago
(DBN)

‘It’s God’s plan’: North Carolina church helped members commit unemployment fraud so they could keep tithing
(DBN)

Trump once won a lawsuit against the NFL — but the result was an embarrassment
(DBN)

FBI Releases 2016 Crime Statistics America's Uneven Crime Spike
(DBN)

Lawyer Takes Aim At Bottomless Brunches
(DBN)

Bankruptcy Misconduct and Default Equals Disbarment
(DBN)

Indicted DA Tries to Prevent Adverse Testimony by Marrying Witness
(DBN)

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Judges:

1st Circ. Judge Watches Puerto Rico Destruction From Afar
(DBN)

America's Red and Blue Judges
(DBN)

Miami Judge Allows PACER Fee Lawsuit to Go Forward
(DBN)

Judge W. Homer Drake, Jr. to Receive American Inns of Court Bankruptcy Inn Alliance Distinguished Service Award
(DBN)

2 Florida appeals judges are listed on program for NRA charity fundraiser
(DBN)

It Took A Long Time To Give The Supreme Court The Building It Deserves
(DBN)

Menendez Trial Offers Ridicule, Sarcasm, Anger — From the Judge
(DBN)

Smithsonian gives Clarence Thomas a spot in year-old African American history museum
(DBN)

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Wall Street:

Dow industrials flirt with fourth daily drop in a row
(DBN)

U.S. stocks close lower as tech shares sell off
(DBN)

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Layoffs:

Obamacare repeal could kill more than a half-million jobs
(DBN)

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Politics:

Tom Brady on Donald Trump: 'I certainly disagree with what he said' Tom Brady calls President Donald Trump's comments 'just divisive' Mavs owner Mark Cuban: Trump should have said nothing about NFL protests N.F.L. Owners’ Unity With Players Might Be Short-Lived NFL’s Sponsors Tiptoe Around Trump’s Latest Twitter Fight Steve Mnuchin Moves Quickly To Confront Systemic Economic Threat Posed By Football Players Kneeling During Song NFL doubles down on criticism of Trump's comments: 'This is what real locker room talk is' Ben Roethlisberger Regrets Steelers Boycotting Anthem Soldiers Speak Out On Kaepernick: His protest 'makes him more American than anyone' More than 200 protest racism in loud NFL statement Trump praises fans who booed NFL players taking a knee NFL says no discipline for anthem-skipping teams How Trump Bungled the Politics of Football A Steelers lineman's merchandise is in high demand after he stood for the national anthem Sarah Sanders: ‘It’s absolutely appropriate’ for Trump to call players ‘son of a b----’ They Took a Knee Donald Trump sparks protests on football fields across America Steve Bannon unleashes on NFL protests, says athletes should 'thank God in heaven' Trump is president Kneeling for Life and Liberty Is Patriotic Colin Kaepernick vs. Tim Tebow: A tale of two Christians on their knees Entire Dallas Cowboys team kneeled prior to 'Monday Night Football' game but stood during the anthem Trump denies split with Kelly over NFL comments The NFL Can't Afford to Become a Battleground How Trump Turns Unpopular Outbursts Into Political Winners Trump's Red Light Letter to the NFL Trump's Mostly False claim that NFL ratings are 'way down' Fox News Anchor: They Aren't Attacking Flag 'Fox & Friends' host calls out Trump over NFL comments: 'He made things immeasurably worse by speaking out' A short history of the national anthem, protests and the NFL A short history of the national anthem, protests and the NFL It’s True, The Government Paid the NFL to Stand For the National Anthem
(DBN)

NASCAR owner threatens to fire any driver who kneels for national anthem Dale Earnhardt Jr.: Trump's Wrong
(DBN)

California lawmakers approve bill requiring presidential candidates to release tax returns
(DBN)

North Korea accuses US of declaring war, says it has right to shoot down bombers Pentagon to Give Trump Options if Planes Shot Down North Korea Foreign Minister: The U.S. Declared War in Trump Tweet
(DBN)

Confidence in Trump drops on Main Street even among conservatives, survey reveals
(DBN)

White House stonewalls Capitol Hill over records in Russia probe
(DBN)

Trump Says Divorcing Wife Ivana And Going Bankrupt Were Worst Days Of His Life
(DBN)

Russian operatives used Facebook ads to exploit America’s racial and religious divisions
(DBN)

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Distressed Investing:

The Distressed Market – The Polsinelli/TrBK Indices and Latest Trends
(DBN)

Leveraged Loan Issuance to Top Pre-Financial Crisis Pace
(DBN)

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Nuclear:

Lawmakers ask police to probe co-owner of failed nuke plant
(DBN)

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Healthcare:

Court approves sale of bankrupt North Carolina hospital
(DBN)

Last-ditch Obamacare repeal could kill more than 500,000 jobs, cost economy $248 billion, S&P says
(DBN)

ManorCare receives time extension
(DBN)

Battered Puerto Rico hospitals on life support after Hurricane Maria
(DBN)

ABA opposes health reform bill, warns of burden shift to states that could lead to rationed care
(DBN)

It's crunch time for the latest Republican healthcare bill — and it doesn't look good Trump calls lack of Obamacare repeal 'disgusting,' pessimistic on passing Graham-Cassidy bill Every attempt at health-care reform will fail until we face this one undeniable reality Chaos erupted at a Senate hearing on the GOP healthcare bill as protesters were dragged out and arrested Sen. Susan Collins says she will vote 'no' on Obamacare repeal bill, likely dooming it GOP support falters for last-minute Graham-Cassidy healthcare bill Trump attacks John McCain for coming out against the Graham-Cassidy healthcare bill Graham's Tears, Defends McCain From Trump Graham vows to fight on for Obamacare repeal The CBO says the newest Republican healthcare bill would leave 'millions' more without health insurance Demise of Obamacare Repeal Shows How Far GOP Actually Remains From Goal CBO: Graham-Cassidy bill would cut deficits by $133 billion, but millions would lose health coverage
(DBN)

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Economy:

Fed policymakers clash on outlook for inflation
(DBN)

Sizing Up QE Now That It's Ended
(DBN)

Fed's Dudley Says He Sees Inflation Restraints Proving Temporary
(DBN)

Fed’s Kashkari again says more Fed rate hikes are a bad idea
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September
(DBN)

Chicago Fed "Index points to slower economic growth in August"
(DBN)

The Economic Recovery Still Isn’t Reaching Everyone
(DBN)

Economists at the Fed are worried about its ability to respond to future crises
(DBN)

Hedge-fund titan Dalio says income inequality is the gravest issue facing U.S. Inequality is getting so bad it's threatening the very foundation of economic growth
(DBN)

US businesses are handing Trump his tariff moment
(DBN)

How Did Marriage Become a Mark of Privilege?
(DBN)

Upcoming consumer confidence data could be key
(DBN)

Economists don’t buy Trump’s 3 percent GDP growth target
(DBN)

The battle for Trump's economy is over — and it wasn't even close
(DBN)

Killing Auto Jobs Saying You're Saving Them Trump’s push for all-American cars will kill American jobs, auto suppliers say Mexico: $2 an Hour to Build $40,000 SUVs
(DBN)

Target to up its minimum hourly wage to $15 by the end of 2020 Target just gave employees a raise — here's what 19 other major retailers pay Target's pay bump could boost other retail wages Target Is Smart to Raise Its Minimum Wage
(DBN)

GOP Tax Plans Should Look at Kansas' Tax Cut "Tax Reform" is Really Just Huge Cuts for Rich Tax plan from Trump, GOP may hit the states and counties that voted for Clinton hardest Here are the big stock winners and losers from the tax reform proposal Trump gives tax cuts his nationalist branding Trump's 'distractions' aren't going to help tax reform, says ex-White House economist Here's what we know about the Republican tax reform plan so far Why is tax reform so difficult? Trump to disclose some details of his tax reform plan Wednesday Republican 'Big Six' divided on tax cuts for wealthy Steve Forbes wants the Fed to 'behave itself' on rates and let tax cuts boost growth Cramer rips Trump and Congress for dropping the ball on tax reform Some Republicans want to combine tax reform and health care What tax cuts can Congress pass? Tax Reform Could Squeeze the Middle Class, Now and in Retirement Do Republicans Really Care About the Deficit?
(DBN)

US Commerce Secretary Wilbur Ross says he pressed China for results on trade frictions U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms
(DBN)

Main Street business base running out of patience with Trump, GOP 'leadership vacuum'
(DBN)

The Next Financial Crisis is Coming
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Black Knight: House Price Index up 0.5% in July, Up 6.2% year-over-year
(DBN)

High home prices may be hitting their limit
(DBN)

Some homeowners still can't sell because they owe more on the homes than they're worth
(DBN)

Wells Fargo in settlement talks in Charlotte "stealth mortgage mod" class-action case
(DBN)

Down payments cast a big shadow, real and imagined, over home buyers
(DBN)

9th Cir. Holds Nevada Deficiency Limitation Preempted as to Transferees of FDIC
(DBN)

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Municipalities:

Puerto Rico economic crisis grows in wake of Maria's human toll Puerto Rico bond insurers face more losses after Hurricane Maria Puerto Rico's bankruptcy will make hurricane recovery brutal - here's why Hurricane Maria is a nightmare for Puerto Rico's economy
(DBN)

Trump Responds to Puerto Rico Crisis by Highlighting Its Debts Trump says hurricane left Puerto Rico in trouble, but points to need to deal with island's debt load Trump tweets Puerto Rico is 'in deep trouble' while the country struggles to recover from Hurricane Maria Trump Says Puerto Rico in 'Deep Trouble' as Storm Adds to Debts Feds rush aid to Puerto Rico, while Trump tweets about debt
(DBN)

Puerto Rico seeks extension in key deadlines in bankruptcy case after Maria
(DBN)

Disconnected by Disaster—Photos From a Battered Puerto Rico
(DBN)

How Puerto Ricans on the Mainland Are Getting News From Relatives
(DBN)

Puerto Rico is 100% without power for the 5th day in a row Day 5 in storm-ravaged, blacked-out Puerto Rico : 'This is chaos'
(DBN)

For One Reporter, Puerto Rico's Tragedy Is Personal
(DBN)

PREPA bondholders deny disclosure claims
(DBN)

Cash Is in Short Supply in Storm-Ravaged Puerto Rico
(DBN)

How best to donate to victims of Hurricane Maria in Puerto Rico
(DBN)

Hundreds of travelers are stranded in "inhumane" conditions at Puerto Rico's largest airport 'It's like the end of the world' inside San Juan's steaming airport
(DBN)

Federal response to Hurricane Maria slowly takes shape Trump Still Silent on Puerto Rico Amid Worsening Catastrophe Puerto Rico's Recovery Needs Trump's Leadership There Are Many “Reasons” Why DC is Always So Slow to Help Puerto Rico Maria set Puerto Rico back by decades, says nonvoting Rep. Gonzalez Here's What Has to Happen for Puerto Rico to Recover After Maria Senate Democratic leader Schumer calls for speedy Puerto Rico relief Hurricane Maria set Puerto Rico back decades, official says Many Puerto Ricans desperate to return home to island reeling from disaster How to save Puerto Rico
(DBN)

Unclear when postal service will resume in Puerto Rico
(DBN)

What Hurricane Maria taught me about the people of Puerto Rico
(DBN)

Puerto Rico at Rock Bottom After Maria
(DBN)

Puerto Rico: Hysteria Starting to Spread
(DBN)

Banking, telecom seek to resume services in Puerto Rico
(DBN)

Aid begins to flow to hurricane-hit Puerto Rico Pelosi: Deploy military to ease crisis in Puerto Rico Puerto Rico in crisis
(DBN)

In Dire Straits, Connecticut Nears 90 Days Without Budget
(DBN)

Hartford mayor tells bondholders of dire fiscal status Assured Guaranty to offer Hartford refinancing plan to avoid bankruptcy Bankruptcy could be the best thing for Hartford Assured Guaranty says ready to help Hartford city avoid bankruptcy Bronin Resists Offer to Refinance Debt as City Considers Bankruptcy
(DBN)

Jamie Dimon : Why We're Helping Rebuild Detroit Jamie Dimon: The Biggest Lesson We Learned From Investing in Detroit
(DBN)

Gary emergency manager still in contract talks
(DBN)

Detroit's Unaffordable Water Foretells Future
(DBN)

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Oil/Gas:

Brent crude hits new 2017 high above $58 as bulls see more oil gains ahead Oil prices hit 2-year high as Turkey threatens to cut off Iraq's exports Oil rises to as OPEC and Russia say cuts working OPEC’s Premature Victory Lap
(DBN)

Oil futures pull back after entering bull market
(DBN)

Drilling rig count falls despite Permian growth
(DBN)

Where Oil and OPEC Go From Here
(DBN)

U.S. Shale’s Most Productive Play May Peak By 2021
(DBN)

Seadrill Stock Traders Are Ignoring Bankruptcy Case Law
(DBN)

National Iranian Oil executive says oil at $60 a barrel could stabilize the energy market
(DBN)

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Retailing:

Toys "R" Us losing ties with some toymakers ahead holiday season Bankrupt Toys 'R' Us was crippled by Bain, KKR debt - not Amazon Can Toys R Us Survive Bankruptcy? Here's where Toys R Us went wrong The Rise Of Screen Culture May Have Doomed Toys 'R' Us How Did Toys "R" Us Implode So Fast? The CEO Explains Toys"R"Us closes $3.1 billion financing facilities Google or Amazon Should Acquire Toys "R" Us -- Bankruptcy Lawyer Says
(DBN)

Amazon can't compete with off-price retailers, JPMorgan says
(DBN)

The History of Sears Predicts Nearly Everything Amazon Is Doing Amazon Is Following the Sears Playbook—But Can it Avoid Making the Same Mistakes?
(DBN)

The chain hailed by Wall Street as a 'retail treasure' runs the most disastrous store we've ever seen
(DBN)

Retail sales to rise 3.5-4.4% this holiday season, according to AlixPartners’ forecast Deloitte Forecast: Retail Holiday Sales to Increase 4 to 4.5 Percent
(DBN)

These boots are made for bankruptcy
(DBN)

Rue21 emerges from bankruptcy with 420 fewer stores
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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 (18 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
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Make-Whole:

Ultra Court Confirms Make-Whole Amount and Post-Petition Interest for OpCo Noteholders
(DBN)

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Litigation:

In-House Litigators As Risk Managers
(DBN)

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Avoidance Actions:

7th Circuit affirms rulings in telecom company bankruptcy
(DBN)

Ninth Circuit Opens the Door A Bit Wider for Recoveries from the IRS
(DBN)

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Professional Compensation:

In Defense of Professional Fees
(DBN)

Delaware Bankruptcy Court Approves Indenture Trustee Fees in Face of Fee Objection by Certain Noteholders
(DBN)

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Jurisdiction:

Non-Article III Adjudication: Bankruptcy and Nonbankruptcy, With and Without Litigant Consent
(DBN)

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Bankruptcy Policy:

The Janus Faces of Reorganization Law
(DBN)

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Credit Reporting:

Credit freeze logjams at Equifax appear to be easing Equifax manages 1200 times more data than the Library of Congress. That's why people are so worried.
(DBN)

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Accounting:

Deloitte hit by cyber-attack revealing clients’ secret emails Deloitte cyberattack reportedly hit corporate, government clients
(DBN)

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Travel:

These are the best, under-the-radar destinations to visit from New York City this fall
(DBN)

With more hidden fees, hotels begin to resemble the airline industry
(DBN)

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Fishing:

China Fishery Trustee Targets HSBC in Bankruptcy Probe
(DBN)

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Agriculture:

Federal court OKs Boersen Farms to seek Chapter 11 bankruptcy ...
(DBN)

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Mass Torts:

Montana Set to Take Over Deadly Libby Asbestos Cleanup Site
(DBN)

Ninth Circuit declines to debar lawyer from submitting claims to asbestos trusts
(DBN)

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Trucking:

Driverless Trucks Will Be (Mostly) Great
(DBN)

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Pensions:

Violet Hosts Meeting for Hundreds of St. Joseph Pension Fund Retirees
(DBN)

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Student Debt:

Brown University raising $120 million to eliminate all student loans
(DBN)

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UK:

Uber reportedly hired a powerful lawyer to appeal against its London ban
(DBN)

Bank of England tells lenders to hold an extra £10 billion in capital
(DBN)

Bank of England: Trillions of Pounds at Risk Without Brexit Derivatives Deal
(DBN)

Zero Chance Brexit Makes Brits' Lives Better
(DBN)

What the U.K. Rating Cut Does (and Doesn't) Tell Us
(DBN)

The City of London wants powerful, new post-Brexit courts to enforce a free trade deal and settle disputes
(DBN)

Brexit negotiations are at a stalemate over the divorce bill
(DBN)

Losing financial passporting rights post-Brexit might not be so bad after all
(DBN)

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EU:

Automatic transfer of employees applies on ‘pre-pack’ sale
(DBN)

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PIIGS:

Dijsselbloem eyes swift end to Greek review, 'clean exit' Dijsselbloem in Athens: Greece Needs “Clean” Bailout Exit
(DBN)

Catalan president faces arrest over independence referendum
(DBN)

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Germany:

Air Berlin - bankrupt airline gets broken up Hope for Air Berlin jobs as assets to go to Lufthansa, easyJet Air Berlin says 80% of jobs could be saved by easyJet and Lufthansa bids Securing jobs must be top priority for Air Berlin - German minister
(DBN)

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Venezuela:

In Venezuela, they were teachers and doctors. To buy food . . .
(DBN)

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India:

ICAI's insolvency professionals institute inks pact with ICAEW
(DBN)

Plea in Supreme Court for safeguarding rights, interests of home buyers
(DBN)

After Synergies Dooray case, complaints against insolvency pros will get a hearing soon
(DBN)

NIBM to train bankers to deal with NPAs, prompt corrective action
(DBN)

Amrapali Infrastructure vs homebuyers, lenders: NCLT takes this big step in case
(DBN)

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Australia:

New Safe Harbour Provisions – Directors’ protection in insolvent trading situations
(DBN)

Insolvency rates climb as fragile economy bites
(DBN)

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Mexico:

With little government aid and no insurance, there's a steep price for disaster in Mexico
(DBN)

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South Korea:

Creditors Spurns Self-Rescue Plan by Kumho Tire, Making Chairman Park Go
(DBN)

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Russia:

Russian air carrier VIM Airlines cries for help, may enter receivership
(DBN)

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