August 23, 2018

The Daily Bankruptcy News

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Law:

Despite Salary Hikes, Inflation Leaves Associate Pay Below Pre-Recession Level
(DBN)

Citi Survey: Revenue, Demand Down at Texas Firms in First Half of 2018
(DBN)

Law Firms Post Best Revenue Performance Since Recession
(DBN)

How We Built a Mentoring Program that Actually Works
(DBN)

Big Law Stays 'Bullish' on Small and Midsize Mergers
(DBN)

First-Year Enrollment Is Way, Way Up At Some Law Schools
(DBN)

7th Circuit tosses $3M verdict in suit blaming antidepressant labeling for BigLaw partner’s suicide
(DBN)

Want A Job (As A Lawyer) When You Graduate? Check Out This Law School
(DBN)

Failure Will Probably Always Be Part Of Your Life As A Lawyer
(DBN)

Working In Biglaw Can Hurt Your Future Job Prospects
(DBN)

Changes to Law Firm Business Model Could Spur Innovation
(DBN)

6 Ways You Can Command A Room Without Saying A Word
(DBN)

The Ex-Kirkland Partner Behind the Cohen Case Michael Cohen wants YOU to pay for his ‘journey to tell the truth about Trump’ Michael Cohen Donations Flood in After Lanny Davis Launches GoFundMe Campaign White House maintains Trump "did nothing wrong" Actually Mr. President, It is a Crime Donald Trump Just Admitted to a Federal Crime in ‘Fox & Friends’ Interview, Obama Ethics Chief Says With His Former Lawyer Facing Jail Time, The President Responds With Jokes Trump’s Troubles Are Just Getting Started Trump Denies Directing Cohen to Break Campaign-Finance Laws Under pressure: The inside story of why Michael Cohen Agreed to Plead Guilty—And Implicate the President How Michael Cohen went from saying he would 'take a bullet' for Trump, to incriminating him in a federal crime Cohen's Dad: I Survived the Holocaust for This? Donald Trump To ‘Fox & Friends’: Payments To Women Did Not Come From Campaign The Trump Organization could be opened up to further legal exposure after prosecutors highlighted the actions of 2 employees in the Michael Cohen saga Trump Didn’t Consult McGahn About Hush-Money Payments, Source Says Trump rips Michael Cohen after former lawyer implicated the president in crimes Michael Cohen told Congress he doesn’t know if Trump knew about Russia meeting Trump breaks silence on Michael Cohen by calling him a bad lawyer Cohen's lawyer's cryptic claim that his client knows of a Trump-linked Russia conspiracy could be a 'game-changer' for Mueller New York state has subpoenaed Michael Cohen in Trump Foundation probe Trump takes shot after guilty plea: 'Don't retain the services of Michael Cohen!' Cohen willing to tell Mueller about ‘conspiracy to collude’: lawyer Attorney: Cohen would not accept a pardon from Trump Can Michael Cohen Say No to a Presidential Pardon? Trump turns his fire and fury to judge and jury Trump says he only knew about Michael Cohen's payments to women 'later on' Trump blasts his own “Justice” Department’s treatment of Manafort How Michael Cohen's guilty plea implicates Trump Inside catch and kill: Cohen, Stormy and ‘Individual 1’ Manafort, Cohen developments fuel partisan furor over Mueller probe The reckoning is here for Donald Trump and the Republican Party, and it will only get worse for them Cohen's plea deal is prosecutor's attempt to set up Trump If Manafort's First Trial Was About that Ostrich Jacket, Oligarchs Are Up Next Manafort’s Choices: Work With Mueller, Wish for Trump Pardon, or Die in Prison After His Conviction, Prosecutors Aren't Done With Manafort White House: Pardon for Trump's ex-campaign boss Paul Manafort has not been 'up for discussion' Michael Cohen paid a mysterious tech company $50,000 'in connection with' Trump's campaign 'How ya like me now?!': Stormy Daniels and Michael Avenatti are taking a victory lap after Michael Cohen’s guilty plea Trump voter on Manafort jury says one holdout prevented complete conviction on all counts in high-stakes fraud trial Who Is the Holdout Manafort Juror? Manafort Attorneys Had Moved for Mistrial Manafort Jury Tensions Threatened Mistrial Before Guilty Verdict ‘How Did We End Up Here?’ Trump Wonders as the White House Soldiers On
(DBN)

Trump 'Cannot Be Counted on to Tell the Truth': Former Lawyer
(DBN)

Inmates in 17 states are striking against "slavery" Nationwide prisoner strike makes demands for better treatment, justice reform
(DBN)

DeVos May Use Fed Funds for School Guns
(DBN)

Woman Posing As Deputy Helps Boyfriend Escape Jail
(DBN)

Suspect in Mollie Tibbetts’ murder worked on farm owned by Iowa GOP family Citizenship status of suspect in killing of Iowa student called into question Mollie Tibbetts' death is being used to push debunked ideas about illegal immigration and violent crime
(DBN)

Firms Should Plan For More Discrimination, Harassment Charges Leslie Moonves Hires Lawyer Daniel Petrocelli Asia Argento Admits Tryst With 17-Year Old
(DBN)

Former ABA employee is accused of cellphone theft scheme that cost the association nearly $1.3M
(DBN)

Alleged racist rants lead to schools chief being put on leave
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Judges:

Democrats say Cohen plea discredits Trump's Kavanaugh pick Senator Cancels Meeting With SCOTUS Nominee After Accusing Trump Of Being ‘Unindicted Co-Conspirator In Criminal Matter’ Trying To Protect His Okole
(DBN)

Former Texas Judge Fails in Bid to Overturn Bribery Conviction
(DBN)

Six More Trump Court Picks, Including Wilmer Partner and LGBT Judge, Head to Senate
(DBN)

Judge resigns after he is accused of using contempt powers to jail more than 200 people
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Wall Street:

US futures mixed as US-China trade spat deepens; central bankers gathers at Jackson Hole Stock futures flat as U.S.-China tariffs kick in
(DBN)

Stocks close mixed amid earnings, Trump's legal woes
(DBN)

JP Morgan says global stock markets are doing something they've never done before
(DBN)

Art Cashin: Cohen-Manafort reaction on Wall Street 'amazingly benign' due to Trump restraint It's going to take a lot more for the stock market to start caring about Trump's legal woes
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Layoffs:

Siemens Could Cut 20,000 Office Jobs: Report
(DBN)

McClatchy Newspapers Lay Off Nearly 4 Percent of Staff in Cost-Cutting Move
(DBN)

These CEOs are more likely to layoff their employees
(DBN)

Fired Workers Find No Friends in Toys ' R ' Us Bankruptcy
(DBN)

JPMorgan asset management division faces 100 layoffs
(DBN)

American Red Cross makes 'tentative decision' to eliminate 230 jobs
(DBN)

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Autos:

Investors in Tesla Bonds Show Skepticism on Buyout New Tesla cars are being delivered with flaws and getting them fixed is sometimes painful
(DBN)

America's cars and trucks are getting older
(DBN)

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Musical Instruments:

What kind of president does Gibson need to escape bankruptcy ?
(DBN)

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Movies:

Court enters $1.8 million judgment against defunct Effingham movie studio
(DBN)

‘Hotel Mumbai’ Lands Distribution at Bleecker Street, After Weinstein Co. Bankruptcy
(DBN)

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Personal Finance:

12 essential money tips for every phase of your life
(DBN)

The 10 commandments of retirement
(DBN)

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Aviation:

Trustee in PenAir bankruptcy case seeks sale of company’s assets
(DBN)

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Climate:

Hawaii's Big Island feels the effects of approaching Category 4 Hurricane Lane
(DBN)

American Airlines Slammed for No Refunds Amid Hurricane
(DBN)

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Marijuana:

Cannabis Supply Chains Coming Out of the Shadows
(DBN)

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Fraud:

Investors Claim Jeffrey Epstein Built $473M Ponzi Scheme
(DBN)

Client Purchased Rolex Before BK? How Courts View “Fraudulent Intent” For Credit Card Fraud
(DBN)

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Hotels:

Milbank Achieves Dismissal of Appeal Seeking to Undo Confirmation of Its Client’s $1.2B Chapter 11 Bankruptcy Plan
(DBN)

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Economy:

Fed chairman Powell assures senator he's not swayed by Trump's criticism Sanders says she's unaware if Trump has spoken to Powell about interest rate criticism Trump has flipped on the Fed. Will conservatives join him?
(DBN)

What to watch for at the Fed’s Jackson Hole symposium
(DBN)

Fed minutes show outlook gets ‘dicier’ after all-but-certain September rate hike
(DBN)

Consumer Price Index for All Urban Consumers (2008-18)
(DBN)

US Economy to Slow, Damaged by Trade War FOMC Minutes: "Trade disputes a potentially consequential downside risk", Yield Curve Discussion
(DBN)

Pimco: 70% risk of world recession in coming years
(DBN)

America's Real Economy: It Isn't Booming
(DBN)

Wall Street cares more about the 'strongest consumer ever' than Trump legal fallout Target CEO raves about the US economy: This is the best consumer environment I've ever seen
(DBN)

Trump is stepping up the trade war with China, and he's convinced the US can win The US and China just imposed new tariffs as trade tensions continue to escalate Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods Trump and China are ratcheting up tariffs. Here's what that means Fed officials worry that the trade war poses the biggest threat to 'strong' economy GOP billionaire Ken Langone: 'We've been patsies' on trade, but Trump will level the playing field One US company feeling the heat from Trump's tariffs is hoping for relief — from more tariffs U.S. Seizes on China’s Woes as Talks Start Fed members content with economic performance, but trade concerns loom
(DBN)

Commerce Secretary Ross on NAFTA: A deal with Mexico is in reach Energy Is A Breaking Point In NAFTA Deal
(DBN)

Kudlow on why the stock market is ignoring Cohen, Manafort news: 'The economy's everything'
(DBN)

Need job training? McDonald's looks for a few good million in hopes of reducing youth unemployment
(DBN)

Upcoming IRS rules could chill these red-state tax credit programs
(DBN)

Over half of millennials expect an inheritance—here's why they may be disappointed
(DBN)

Instead of fixing Social Security, some lawmakers want to raid it
(DBN)

The world isn't ready for the next financial crisis
(DBN)

52.1% of Kids Live in Households Getting Means-Tested Government Assistance (Not Counting Kids Living In Households Getting Mortgage Deduction)
(DBN)

‘I’ll be working until I die’: Baby boomers face reality they might never retire
(DBN)

Idea of payroll deductions to meet emergency needs gains steam in U.S.
(DBN)

Employment: Preliminary annual benchmark revision shows upward adjustment of 43,000 jobs
(DBN)

Visualizing U.S. Millionaires by State of Residence
(DBN)

US Debt Clock
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World Debt Clock
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How People Really Live
(DBN)

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Real Estate:

Covenants Running with the Land: To Be or Not to Be a Claim
(DBN)

Are You Ready for the Next Downturn? Ninth Circuit “Cramdown” Cases Affecting Real Estate Lenders
(DBN)

US existing home sales fall for fourth straight month NAR: Existing-Home Sales Decline in July A Few Comments on July Existing Home Sales
(DBN)

Mortgage Applications Increased in Latest Weekly Survey
(DBN)

AIA: "July architecture firm billings remain positive despite growth slowing"
(DBN)

$10.4M plan from Paul Foster, Miguel Fernandez to buy Abraham properties set for mediation
(DBN)

Fannie, Freddie will stop backing single-family rentals
(DBN)

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Municipalities:

Puerto Rico debt investigator opposes reintroducing Section 936 tax credits
(DBN)

Puerto Rico again files fiscal plan at odds with Oversight Board
(DBN)

Puerto Rico debt restructuring agreement could block accountability for key officials, bankers
(DBN)

Flaws in constitutional limits led to Puerto Rico’s $74 billion debt
(DBN)

Puerto Rico General Obligation Bond Ratings from 2006-15
(DBN)

What Happened in the Dark: Puerto Rico's Year of Fighting for Power
(DBN)

Amid skepticism, aldermen to be briefed on $10 billion pension borrowing plan
(DBN)

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Coal:

Trump's EPA just handed these states a way to keep burning coal
(DBN)

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Retailing:

Behind the Loan: Investment group backs SA retailer A’GACI after bankruptcy
(DBN)

Flush consumers boosting retailers
(DBN)

Target's sales are at a 13-year high due to demand for toys and home goods
(DBN)

Toys "R" Us workers ratchet up the payment pressure
(DBN)

Lowe's earnings, sales top Wall Street expectations Why Lowe's is closing stores and slashing inventory Lowe's is closing all 99 locations of a California-based hardware-store chain it bought in 2013 ‘Just not running well’: Why 87-year-old Orchard Supply Hardware is closing Lowe's shrinking footprint in effort to compete with Home Depot
(DBN)

Nordstrom’s latest deal confirms that department stores are undergoing a fundamental shift Study: Retailers worried about keeping up with change
(DBN)

Oaktree runs afoul of intercreditor agreements in Claire's Ch. 11-lawsuit
(DBN)

Sears is closing 46 more stores — here's where they are
(DBN)

Cramer: Analysts have been 'dead wrong' about retail performance
(DBN)

L Brands falls after slashing profit forecast
(DBN)

Steinhoff suspends former CFO's consultancy
(DBN)

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Religion:

Abuse survivors' attorney calls on Dayton for probe of all Minnesota Catholic dioceses
(DBN)

An Indiana priest is attacked by a man yelling, 'this is for all the little kids'
(DBN)

Catholics Are Desperate for Tangible Reforms on Clergy Abuse
(DBN)

Pressure mounts on pope for tougher action on abuse scandals
(DBN)

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Electricity:

Duke moves to stop FirstEnergy Solutions from exiting Ohio co-op
(DBN)

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Corporate Reform:

Trump keeps trying to kill agency that investigates chemical plant disasters
(DBN)

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Healthcare:

LeClairRyan wants $600M Tonya Mallory malpractice lawsuit tossed
(DBN)

Life expectancy declines seen in U.S. and other high-income countries
(DBN)

Democrat Senators Seek Amendment of FCRA, FDCPA for Medical Debts
(DBN)

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Student Debt:

IRS letter likely to increase use of student loan repayment options
(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 (4 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)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Conflicts:

Conflicts In Bankruptcy
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Miscellaneous:

AIRA (Assoc. of Insolvency and Restructuring Advisors) Latest Journal
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Litigation:

A Leap Forward for the Recognized Use of AI and Predictive Coding in Insolvency Trials and Investigations
(DBN)

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UST:

Remarks of Director Cliff White Before the 2018 Annual Conference of the National Association of Bankruptcy Trustees
(DBN)

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Involuntary Bankruptcy:

Second Circuit Rejects Use of Involuntary Bankruptcy Petition as Collection Tool
(DBN)

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Politics:

Lindsey Graham: ‘Too early to tell’ whether Trump could be impeached Impeachment debate moves to center of midterm fight Democrats avoid Trump impeachment talk, but billionaire Steyer prepares an ad blitz after Cohen plea
(DBN)

We asked 8 Republican senators if they’ll investigate Trump’s role in campaign finance violations Why Trump Supporters Believe He Is Not Corrupt
(DBN)

Democrats seek to make Republican scandals an election issue Cohen, Mueller, Stone, more: Unknown perils hang over Trump
(DBN)

Romney: Manafort and Cohen's conduct ‘dishonorable and illegal’
(DBN)

Indicted Duncan Hunter overdrew his bank account an average of three times a week, every week for seven years
(DBN)

Most Americans say more women running for Congress is a good thing, as hope for a female president grows
(DBN)

Wells Fargo closed the account of a political candidate over her support of medical marijuana
(DBN)

Beto O’Rourke video on NFL player protests goes viral Republican Ted Cruz has a 4-point lead in his Texas Senate race against upset-minded Democrat Beto O'Rourke: NBC News/Marist poll Beto O'Rourke, the Texas Democrat challenging Ted Cruz, has earned national praise for his viral defense of NFL players' protests Beto's Criminal Record from the 1990s
(DBN)

Democratic National Committee says hackers tried to access voter database Earlier hacking attempt actually just test: DNC
(DBN)

This may be the most shocking thing about Duncan Hunter’s indictment Duncan Hunter's Indictment Is a Threat to the Republican House Majority
(DBN)

Now Trump is having a Twitter spat with South Africa over land reforms
(DBN)

51% Of Republicans Say Media Is An Enemy Of The People
(DBN)

Confederate statues staying put in North Carolina
(DBN)

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Celebs:

Da Brat’s $7.7M In Debt Leads Her to File Chapter 11 Bankruptcy Seems like her income isn't enough to fund her lifestyle
(DBN)

Ex-England star Carlton Cole declared bankrupt despite earning millions throughout his career
(DBN)

Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General
(DBN)

9 billionaires who drive cheap Hondas, Toyotas and Chevrolets
(DBN)

Bill Cosby Using Bitcoin To Keep Creditors, Government & His Wife From $500M Fortune
(DBN)

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Newspapers:

McClatchy internal memo reportedly calls for more layoffs, cost cuts
(DBN)

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Tech:

The undertakers of Silicon Valley: how failure became big business
(DBN)

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Cryptocurrency:

Cryptocurrency Is a Brave New World for Legal Ethics
(DBN)

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Lehman:

What's wrong with former Lehman Brothers staff having a reunion event ?
(DBN)

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UK:

No-Deal Brexit Could See UK Legal Sector Shed 12,000 Jobs, Lose $3.9B in Revenue
(DBN)

The EU is planning strict supervision of the City of London after Brexit
(DBN)

Why Brexit could be good news for Britain’s farmers
(DBN)

Majority of UK public now predict a no deal Brexit U.K. Warns ‘No Deal’ Brexit Means Higher Costs in Buying From EU
(DBN)

U.K. businesses fear Labour government almost as much as Brexit
(DBN)

BHS may have been insolvent when it was sold to Dominic Chappell
(DBN)

Former Premier League Striker Carlton Cole Declared Bankrupt
(DBN)

Katie Price is 'living part-time' with Kris Boyson as she swaps £2million mansion for semi-detached house in Kent
(DBN)

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PIIGS:

Greece is in 'Hotel California': Checked out but it can never leave Greece Enters Post-Bailout Era, But Has Little Else to Cheer
(DBN)

Bankrupt Italian banks to help Iran overcome sanctions
(DBN)

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India:

India Tells State-Run Bank Chiefs To Check Bad Loan-Related Frauds Or Face Action Bank heads to face criminal conspiracy charge for NPA fraud Fresh NPA heat on banks
(DBN)

Jet Airways to consider cost-cutting, turnaround plan
(DBN)

2 debt-ridden farmers commit suicide
(DBN)

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Turkey:

Otas cleared to transfer Turk Telekom stake to creditors
(DBN)

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South Africa:

Trump Leaps Into South Africa’s Racially Charged Land Seizure Debate Trump asks Mike Pompeo to look at South African land seizures and 'large scale killing of farmers' South Africa hits back at Trump over land seizure tweet
(DBN)

Recession looms in South Africa
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Brazil:

At One Point He Was The 7th Richest Person In The World. Today Eika Batista Is Serving 30 Years In Prison For Bribery
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