August 20, 2019

The Daily Bankruptcy News

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Law:

Bankrupt Philly Refinery’s Hiring of Kirkland Opposed by DOJ
(DBN)

Summer Associate Offer Rates (2019): Make Way For More Record Hiring!
(DBN)

Women Are Becoming Equity Partners, Not Many Of Them, But Still
(DBN)

Woman convicted in attempted murder of her bankruptcy lawyer
(DBN)

From Pro Basketball To Biglaw, No Matter The Court, You’ll Still Work Your Ass Off • After Final Fours and WNBA, Tillis Now Living Dream as Litigator
(DBN)

Law Firm Margins Tighten as First-Half Expenses Outgrow Revenue
(DBN)

Female GC Fuming After Plea Deal for Attorney Who Allegedly Grabbed Her Butt
(DBN)

Forgoing bug bounties and disclosure policies, legal tech leaves lawyers vulnerable
(DBN)

Want To Be Happy? Don’t Be A Lawyer.
(DBN)

AI is Proving to be the Ultimate Value-Add for Law Firms
(DBN)

Avenatti Argues Litigation Privilege Bars Prosecution on Nike Extortion Charges
(DBN)

Lawyer-congressman’s tweet to Michael Cohen leads to letter of advice but no ethics charges
(DBN)

DOJ Sides with Trump in Battle for Financial Records: Subpoenas May ‘Distract Him’ from Duties
(DBN)

Republican poll shows overwhelming support for stricter gun control among suburban women • It sounds like Trump has no intention of pushing for gun-control laws • As mass shootings rise, experts say high-capacity magazines should be the focus • Trump should stop using mental illness as an excuse to do nothing on guns • Rep. Pete King is the first Republican to sign on to the assault weapons ban
(DBN)

Prince Andrew 'appalled' by Epstein reports after footage emerges linking him • AG Bill Barr removes acting Bureau of Prisons director after Epstein death • Jeffrey Epstein's Bizarre World of Scientists • Barr Taps New Prison Head in Shadow of Epstein Death • Jeffrey Epstein Signed His Will Just Two Days Before Prison Death • 2 days before he died, Jeffrey Epstein signed a new will putting his $577 million in assets in a trust — $18 million more than he told the court he was worth • Bill Gates Adviser ‘Shocked’ Jeffrey Epstein Named Him in Will
(DBN)

Police digitally alter mugshot after witnesses said a bank robber had no facial tattoos
(DBN)

NYPD fires officer involved in 2014 choking death of Eric Garner
(DBN)

A man invited a woman over for a late-night hook up. When he stopped responding to her texts she set his house on fire, police say.
(DBN)

EEOC doesn’t sign US brief telling Supreme Court that transgender discrimination is legal
(DBN)

Maine Lawyer Suspended for Sexual Touching, Witness Tampering
(DBN)

Planned Parenthood pulls out of Title X funding over Trump abortion rule
(DBN)

Detained immigrants sue over conditions, medical care • ICE sued for failing to provide basic health care in detention centers • Americans in Mexico watch uneasily as anti-Mexican rhetoric shows its face in the US • A Day on the Rio Grande: The True Cost of Trump's Border Wall
(DBN)

Florida man who allegedly said he wants to set record and kill 100 people in mass shooting is arrested
(DBN)

Inside Prison Where Gangs Rule Over Guards
(DBN)

'Red flag' laws may play role in preventing mass shootings, study finds
(DBN)

Fake Cop Arrested After Pulling over Real Detectives, Police Say
(DBN)

Anti-Trump Protester Found Guilty of Slapping Man at Political Rally
(DBN)

Now-disbarred lawyer ordered to pay $370K for bad medical marijuana advice which led to client's arrest
(DBN)

Mom of 3 Arrested, Jailed for Putting Recycling in Wrong Color Bag?
(DBN)

2 Prosecutors Have Their Law Licenses Suspended For Covering Up Police Beating
(DBN)

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Judges:

Judge told woman her nude photos should be sent only to Hugh Hefner, ethics complaint says
(DBN)

Judge ‘Didn’t Mean To Offend’ When He Called Undocumented Immigrants ‘Wetbacks’
(DBN)

Federal Judge Royally Embarrasses Himself Hitting Reply All In Spat With Fellow Judge • ‘Reply all’ email by miffed federal appeals judge tells colleague he isn’t paid to save the planet
(DBN)

How the Unchecked Power of Judges Is Hurting Poor Texans
(DBN)

Trump Names Picks for Second Circuit, Five Other Courts • Trump taps White House lawyer for federal appeals court
(DBN)

Across the Aisle, Trump Court-Packing Drives Call for Payback
(DBN)

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Wall Street:

Dow futures point to a flat open after Monday’s rally
(DBN)

Dow rallies more than 200 points as Wall Street continues rebound from August sell-off
(DBN)

Stocks could fall another 8% as ‘Trump put’ and ‘Fed put’ expire, says Morgan Stanley’s Mike Wilson
(DBN)

Cheap money could deliver big fourth quarter for stocks, but it’s just delaying the inevitable, strategist warns
(DBN)

The U.S. stock market right now is riskier than you think
(DBN)

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Layoffs:

U.S. Steel plans to lay off hundreds of workers in Michigan
(DBN)

Disney lays off more than 100 at Fox Studios
(DBN)

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Corporate Governance:

Top CEOs say maximizing profits can no longer be primary corporate goal • The CEOs of nearly 200 companies just said shareholder value is no longer their main objective • Business Roundtable shifts gears on corporations' purpose
(DBN)

Top CEOs reclaiming legitimacy by advancing a vision of what's good for America
(DBN)

CEOs are America's new politicians
(DBN)

CEOs are paid 278 times more than the average U.S. worker
(DBN)

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Healthcare:

A new study debunks the idea that the US spends more on healthcare because it doesn’t spend enough on social services
(DBN)

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Education:

Stanford is No. 1 on our list of the top US colleges that pay off—here’s why
(DBN)

‘Free College’ a Tough Sell Even in State With Highest Student Debt
(DBN)

59% of GOP Think College is Bad for America
(DBN)

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Basketball:

Fox Valley Pro Basketball files for bankruptcy • Menominee Nation Arena owner files for Chapter 11 bankruptcy protection • Financial Drama Playing Out For New Arena
(DBN)

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Personal Finance:

Awkward silences are the trick to getting more money in a salary negotiation. Here's how to use them without coming off as nervous or unprepared.
(DBN)

The net worth it takes at every age to be richer than most people you know
(DBN)

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Retailing:

Summary: New Chapter 11 Bankruptcy Filing - Avenue Stores LLC
(DBN)

As recession signals flash globally, consumer interest in these 11 retailers is still showing double-digit growth
(DBN)

How Barneys And Other Big Retailers Can Survive This Market
(DBN)

Avenue Stores files for bankruptcy; looking for a buyer • Avenue Files Chapter 11: What Does Bankruptcy Mean For The Plus-Sized Clothing Retailer?
(DBN)

Home Depot second-quarter sales miss and company cuts outlook amid worries tariffs could slow consumer spending • Home Depot warns lumber prices, possible tariffs, to weigh on sales
(DBN)

How the Ecommerce Boom Crushes “Mall Retailers” One by One
(DBN)

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Healthcare:

Aging baby boomers raise the risk of a long-term-care crisis that the US isn’t remotely ready for
(DBN)

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Climate:

Trump's New Climate Plan
(DBN)

Report: Massive Die-Off Of Salmon Due To Higher Temperatures
(DBN)

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Festivals:

How 'Woodstock 50' turned into a slow-moving train wreck
(DBN)

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Telecoms:

Maxcom files for protection from creditors, plans debt swap
(DBN)

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Radio:

iHeartMedia posts second-quarter profit after emerging from bankruptcy
(DBN)

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Nutritional Supplements:

Farmington nutritional supplement company Ultimate Nutrition shuts down, employees terminated upon arriving for work Monday
(DBN)

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Apparel:

Rapidly expanding El Dorado Hills company SlideBelts files for Chapter 11 bankruptcy
(DBN)

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Economy:

Trump calls on Fed to cut rates by "at least 100 basis points"
(DBN)

Fed’s Rosengren says cutting interest rates now would make next recession worse
(DBN)

The new threat to capitalism
(DBN)

‘Wall of New Money’ Flees Negative Rates for American Credit
(DBN)

One of Trump's top advisers claimed the yield curve has signaled 'a very strong Trump economy.' But he said the exact opposite in his book in 2006.
(DBN)

Larry Kudlow Admits He Missed Meltdown
(DBN)

US Treasury yields tick lower as investors await economic data
(DBN)

Faced With Recession, Trump Turns to a Familiar Friend: Conspiracy
(DBN)

White House insists 'fundamentals' of US economy are strong
(DBN)

Small Business Optimism Continues to Defy Expectations
(DBN)

Most Americans Worried About Possible 2020 Recession
(DBN)

The Failed Promises of the 2017 Tax Cuts and Jobs Act (TJCA)
(DBN)

White House reportedly looks at payroll tax cut as a way to stop an economic downturn • Trump bashes Fed’s ‘lack of vision’ as White House reportedly mulls payroll tax cut • Really? A Payroll Tax Cut to Boost Economy? • Tax Cuts to Avoid Recession a Contradiction
(DBN)

Morgan Stanley warns that neither trade nor the Fed can save them now
(DBN)

Trump advisers are scrambling to sell the idea that a recession isn’t going to happen
(DBN)

Billionaire Tilman Fertitta is turning ‘very conservative’ because of recession fears
(DBN)

Health-care costs are going up so quickly, they’re devouring your salary increases
(DBN)

Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’
(DBN)

Whatever President Trump wants on trade, do the opposite • MI: Business Owners on Trump's Tariffs • Commerce Department will extend Huawei reprieve, Ross says • Pence suggests Hong Kong clampdown could prevent China trade deal • Even Trump is now admitting that US companies like Apple may be shouldering the cost of his China tariffs • Trump Tariffs Now Cost $1,000 Per Household • Huawei calls US move to blacklist more affiliates ‘unjust’ and ‘politically motivated’ • China may have a new way of boosting its economy. Here’s what the central bank just did • Pimco’s Ivascyn warns US-China trade breakthrough could trigger a ‘powerful snapback’ in yields • Chinese tourism to U.S. has dwindled in the wake of Trump's trade war • Every American Should Hope Trump Prevails Against China • The United States Will Miss China's Money
(DBN)

With 'America First,' some foreign companies in the U.S. fear President Trump is putting them last
(DBN)

The recession question we should be asking isn't ‘when’ but ‘how bad?’
(DBN)

74% of economists in survey see US recession by end of 2021
(DBN)

US Treasury yields climb as recession fears ease
(DBN)

Here’s what new tariffs will cost the average American household
(DBN)

Climate change could cost the U.S. up to 10.5 percent of its GDP by 2100, study finds
(DBN)

The 25 US cities where workers spend the most time at their jobs, have the longest commutes, and use the fewest of their vacation days
(DBN)

Millennials are the new face of the retirement crisis
(DBN)

RV Sales Are Down • Recession fears are rising. Here's the status of economic bellwether Elkhart, Indiana • RV sales are plummeting, which could mean a recession is on its way — and President Trump's trade war isn't helping the struggling industry
(DBN)

When millionaires will be considered middle class in the United States
(DBN)

Trump Asks Big Bank Leaders, ‘WTF Is Happening To My Market, You Guys?’
(DBN)

How Life Became an Endless, Terrible Competition
(DBN)

Total Debt Balance by Age
(DBN)

McKinsey sees "ominous" signs of another Asian debt crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing Inventory Tracking
(DBN)

Los Angeles Area Home Sales Unchanged YoY in July, Inventory Down 1% YoY
(DBN)

Phoenix Real Estate in July: Sales up 10% YoY, Active Inventory Down 14% YoY
(DBN)

Snowmass spec home goes bankrupt
(DBN)

Oshkosh arena developer files for bankruptcy, blocking receivership with moments to spare before hearing
(DBN)

Former Hawaii developer sells Waikiki commercial condos, closes Ch. 11 bankruptcy
(DBN)

LA residents fed up with officials, demand change after homeless crisis spirals in city
(DBN)

Bankruptcy judge denies latest attempt by The Mountain of Beverly Hills owner to avoid foreclosure
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

New Puerto Rico gov discusses transparency with Trump administration
(DBN)

Alarm in Texas as 23 towns hit by ‘coordinated’ ransomware attack
(DBN)

Alaska Governor Reverses Course on Controversial Budget Cuts
(DBN)

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Oil/Gas:

What Caused The Recent Surge In Oil & Gas Bankruptcies?
(DBN)

Latest wave of energy-related bankruptcies to continue, lawyer says
(DBN)

This year’s oil and gas bankruptcies already close to 2018 total
(DBN)

Shale Bond Buyers Get Picky as More Producers Default
(DBN)

Analyst: Bankruptcy court to scrutinize Houston-based energy co.'s business structure
(DBN)

Oldest U.S. natural products trade group files for bankruptcy
(DBN)

Diesel Car Sales Plunge In The World’s Hottest Electric Car Market
(DBN)

____________

Politics:

FEC chairwoman calls out Trump over New Hampshire voter fraud claims • ‘There Is No Proof’: FEC Chair Says Trump’s Voter Fraud Talk Is ‘Damaging to Our Democracy’
(DBN)

Trump alleges Google manipulated millions of voters against him • Donald Trump wrong on Google manipulating election results
(DBN)

Trump has spent years financially compelling people to attend his rallies
(DBN)

The Longer Trump Stays in Office, the More Americans Oppose His Views
(DBN)

Is Trump's love affair with Fox News fading?
(DBN)

Former U.S. Ambassador to Denmark on Trump’s Greenland Interest: ‘I Laughed Until I Cried’ • Trump wants to buy Greenland. Only one-third of Americans would be willing to offer more than $12 for the island.
(DBN)

Trump faces crucial decisions on economy, guns
(DBN)

If This Fox News Poll Is Right, Trump Is a Goner
(DBN)

‘I Believe in Capitalism’: Kamala Harris Courts Big Donors in the Hamptons
(DBN)

Elizabeth Warren to Native Americans: "I am sorry" • Inside Elizabeth Warren's courtship of Native American leaders • Warren just emphasized her biggest weakness
(DBN)

Warren is the real economic threat
(DBN)

Where the House stands on impeachment
(DBN)

This chart shows the obscene amount of swearing lawmakers are doing in public
(DBN)

Mooch assembling team of former Cabinet members to speak out against president • Ex-Trump Staffers to Declare He's Unstable • Trump Goes Nuclear on Scary Moochy
(DBN)

In Snub to US, Freed Iranian Tanker Heads Toward Greece
(DBN)

____________

Student Debt:

This 34-year-old paid off $81,000 in student debt, but not before it took a toll on her mental health
(DBN)

____________

Travel:

11 travel accessories that help me sleep on long-haul flights and red-eyes
(DBN)

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Boating:

Moonen Yachts under new ownership after declared bankruptcy
(DBN)

____________

Hollywood:

Annapurna Update: Megan Ellison’s Company Nearly Out Of The Woods; “Last And Final” Offer Made To Banks
(DBN)

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Taxis:

Midwestern Money Manager Becomes Big Player in N.Y. Taxi Industry
(DBN)

____________

Football:

MGM acquires bankrupt football league’s gaming technology
(DBN)

____________

Movie Theaters:

Laemmle Theatres, Southern California’s 81-year-old arthouse chain, could be up for sale ?
(DBN)

____________

 
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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Ch. 13 :

BK SD N Raises No-Look Ch. 13 Fee
(DBN) 

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Advisors:

Judge dismisses turnaround guru's racketeering case vs McKinsey • Racketeering Lawsuit Against McKinsey Is Dismissed
(DBN)

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Bankruptcy Rules:

Advisory Committee on Bankruptcy Rules has published proposed amendments for public comment
(DBN)

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Cross-Border:

Mexican telecommunications company Maxcom files for bankruptcy in U.S.
(DBN)

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Bankruptcy Remoteness:

Corporate Governance, Bankruptcy Waivers and Consolidation in Bankruptcy
(DBN)

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DIP Finance:

Increase in Regulatory Expense for Debtor-In-Possession Revolving Credit Facilities
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Agribusiness:

China Trade War Bailout 'Nowhere Near' Covers Farmers' Losses
(DBN)

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Electricity:

PG&E plunges on fears the embattled utility could face $18 billion in damages • PG&E stock plunges as $18 billion in fire claims come back to haunt it • PG&E shares plunge 27% after judge allows Tubbs Fire trial • PG&E Braces for Major Drop After Bankruptcy Ruling
(DBN)

PG&E Faces Fresh Pain as Old Fire Claims Return to Haunt Utility
(DBN)

PG&E Corp. free to submit its own bankruptcy exit plan
(DBN)

____________

Student Debt:

80% of Gen Z college students say they're voting in 2020 — and they've singled out student debt as their biggest concern
(DBN)

Will Forgiving Student Debt Help the Economy? NABE Economists Say No, Poll Finds
(DBN)

Unpaid Student Loans And Credit Card Debt Mount In US • Turning Point for Student Loans • National student loan debt surpasses national credit card debt
(DBN)

____________

Food/Beverage:

Restaurant spending set to hit high in 2019 as consumers spend more of their budget on dining out
(DBN)

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Healthcare:

The Collapse Of A Hospital Empire — And Towns Left In The Wreckage
(DBN)

Obamacare is closing the coverage gap between rich and poor, black and white
(DBN)

Doctors bring in a bevy of lobbyists on surprise billing
(DBN)

Trump's shrinking health care legacy
(DBN)

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Celebs:

20 rich and famous people who were once homeless
(DBN)

It’s Not Always Excellent to Be Jamie Oliver
(DBN)

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Tech:

Twitter bans advertising from "state-controlled news media entities"
(DBN)

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Fraud:

Disney whistleblower told SEC the company inflated revenue for years
(DBN)

General Electric Is 'One Recession Away' From Bankruptcy • General Electric issues expanded response about fraud allegations, financial reporting • Kansas insurance regulator calls Harry Markopolos’ GE allegations ‘simplistic’
(DBN)

CommuniClique founder Andy Powers is heading to trial
(DBN)

A $100,000 bribe got teen a UCLA soccer scholarship without even playing
(DBN)

____________

Coal:

Wyoming, Montana bankruptcy sale of coal mines OK’d by judge
(DBN)

‘This is wrong.’ Tax refund to bankrupt coal company could cost Kentucky school $73,000.
(DBN)

Bernie Sanders Sent a Bunch of Pizzas to the Coal Miners Blocking a Train in Kentucky
(DBN)

Blackjewel agrees to halt Virginia coal
(DBN)

‘No Pay We Stay,’ Kentucky miners declare
(DBN)

____________

UK:

Dancing in the dark: The Bank of England’s rate problem isn’t about to go away
(DBN)

U.K. economy shrinks for first time since 2012 as Brexit bites
(DBN)

Creditors blast Britain’s oldest building company
(DBN)

____________

PIIGS:

Athens is banking on five reforms
(DBN)

Italy Stumbles Into Its Next Absurd Crisis
(DBN)

____________

Canada:

Publisher of multiple Quebec newspapers filing for bankruptcy protection • Quebec to the rescue of newspapers filing for bankruptcy protection
(DBN)

SNC-Lavalin cut to junk by S&P on heightened credit-risk profile
(DBN)

FactCheck: Do wealthy Canadians donate to hospitals to get better treatment?
(DBN)

____________

Germany:

Germany's central bank just warned a recession could be coming. Its government is prepared to spend $55 billion to fight it.
(DBN)

Wide implications as Germany teeters toward recession
(DBN)

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Argentina:

Argentina gets nailed with multiple credit downgrades a week after suffering the 2nd-largest stock drop in global history
(DBN)

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Hong Kong:

Beijing lashes out at Taiwan over Hong Kong asylum offer
(DBN)

Facebook and Twitter say they've detected a Chinese propaganda campaign targeting Hong Kong protesters • Twitter ran paid ads from China bashing the Hong Kong protesters
(DBN)

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China:

China exploiting holes in US bankruptcy system to acquire national security technology
(DBN)

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Russia:

Bankruptcy claim filed against detained former co-owner of Russia’s troubled refinery
(DBN)

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Venezuela:

Trump Wants a Naval Blockade of Venezuela
(DBN)

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Argentina:

Argentina’s Debt Profile Highlights the Mountain It Must Climb
(DBN)

Argentina´s Fernandez says country will struggle to repay IMF loan, must renegotiate
(DBN)

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Lebanon:

Goldman Says Lebanon May Cross Distress Threshold With Downgrade
(DBN)

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India:

Couple married for love. Then bride's father hired assassins
(DBN)

____________

South Africa:

Steinhoff shares hit new lows even after creditor deal reached
(DBN)

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