July 15, 2019

The Daily Bankruptcy News

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Law:

The Glass Ceiling Report: ‘Slow Progress’ For Women In The Legal Profession
(DBN)

The War On Law Firms
(DBN)

California Plan for Lawyer Fee-Sharing Picks Up Speed
(DBN)

Living With MAGA Hats In The Law School Classroom
(DBN)

Constantly On Call: The Client's Role in the Legal Profession's Mental Health Crisis
(DBN)

Are You an Ivanka Trump or a Megan Rapinoe?
(DBN)

Sidley Still Thinks They Handled Bankruptcy Partner’s Suicide Correctly. His Widow Disagrees.
(DBN)

Law Firm Leaders' Confidence Wanes, but Market Optimism Remains
(DBN)

The Biglaw Firm Garnering The Most Respect In Private Equity
(DBN)

Be As Productive Out Of The Office As You Are In The Office
(DBN)

Norton Rose Partner’s Daughter Crystal Dunn a World Cup Winner
(DBN)

Three Capabilities Law Firms Should Demand from Their Cloud Service Providers
(DBN)

William Barr ordered an investigation into how the CIA concluded Russia wanted to help Trump in 2016 — but that investigation was already done 2 years ago
(DBN)

The Ex-Skadden Associate Jailed As Part Of The Mueller Probe Can’t Be A Lawyer Anymore
(DBN)

Turkey tried to influence the Trump campaign through Michael Flynn, prosecutors say US govt believes Michael Flynn was doing more work for Turkey than previously known Flynn’s Attorney Claims He Plans to Continue Cooperating With the Government
(DBN)

The First Amendment, the president suggests, doesn’t protect “bad” speech
(DBN)

Federal Prosecutors Shed Light on Jeffrey Epstein’s Wealth in Effort to Keep Him Locked Up SDNY Prosecutors Blast Epstein's Proposed Bail Conditions, Urge Pretrial Confinement Jeffrey Epstein and the utility of fake billions More Details on Jeffery Epstein's Past Emerge Fresh out of jail, Jeffrey Epstein was welcomed by the rich, powerful New Mexico ranch linked to investigation What’s the Deal with the Bizarre Temple-Like Structure on Jeffrey Epstein’s Private Island? Trump Biographer Warns That the Epstein Investigation Could Ensnare the President Former students recall Jeffrey Epstein's 'persistent attention' on teenage girls during his teaching days Epstein sought to pay off potential witnesses, U.S. prosecutors say Alex Acosta Resigns To Probably Go Make Millions Because There Are No More Consequences
(DBN)

At Least 30 Migrant Children Have Been Separated From Their Parents for More Than a Year Mike Pence visits a crowded immigrant detention center: “This is tough stuff” On migrant detention centers, Trump and Pence say very different things Warren vows to probe U.S. crimes on immigrants if elected Trump official Ken Cuccinelli blames Congress for border crisis Trump Admin Insists ICE Operation in Progress -- What to Know Families hide as U.S. launches small scale immigration raids Trump admin’s immigration raids spark action from churches Trump Official Laughs at Human Rights Abuses, Says Detainees 'Are Being Fed' As immigrant families wait in dread, no sign of large-scale enforcement raids Future Asylum Seekers Sent to Guatemala? Lindsey Graham: Don't Care About Detentions
(DBN)

Trump's Lawyer Faced Skeptical DC Circuit Panel in Subpoena Fight
(DBN)

Trump drops census citizenship question, says data gathered elsewhere might be used in state redistricting
(DBN)

History: Up to 1.8 million people of Mexican descent—most of them American-born—were rounded up in informal raids and deported in an effort to reserve jobs for white people.
(DBN)

Ninth Circuit Hands Trump Administration Win in Sanctuary-City Case
(DBN)

On the Road, Police Power Has Few Limits
(DBN)

Trump Claims He Won Emoluments Case
(DBN)

Police: Carjacker beaten to death after stealing car with small kids inside
(DBN)

Man Previously Convicted of Murdering Son Decades Ago Now Charged with Killing Daughter
(DBN)

Alexa, Can You Be Used Against Me in Court?
(DBN)

Injunction ends litigation against timeshare-exit law firm and companies; firm founder was disbarred
(DBN)

N.Y. Suspends Calif. Attorney Who Lied to State Bar
(DBN)

Lawyer arrested for alleged failure to report stolen gun traced to later shooting
(DBN)

How a Criminal Justice Reform Became an Enrichment Scheme
(DBN)

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Judges:

Swearing-in Ceremony for Michelle M. Wilson
(DBN)

Guilty: Judge Rudy Delgado Convicted on All Counts in Judicial Bribery Case Suspended Texas judge is convicted of taking bribes from lawyer who cooperated with feds
(DBN)

Judge Who Dissed ‘Game of Thrones’ Writers Has a Penchant for Pop Culture
(DBN)

Judges Attending FedSoc Are Almost Certainly Committing Ethical Violations, But What Else Is New?
(DBN)

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Wall Street:

Dow Futures Grind Higher Ahead of Q2 Earnings Kick-Off Stocks are rising as tepid Chinese growth has traders 'baying for more stimulus'
(DBN)

Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note
(DBN)

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Layoffs:

Bend Oregon Newspaper Fires Entire Staff
(DBN)

Senator Tammy Baldwin demands severance pay for former Shopko employees
(DBN)

Huawei to Lay Off Hundreds of US Workers
(DBN)

TX: International cookware company cuts 108 manufacturing jobs in Sugar Land
(DBN)

Hillside announces layoff of 244 in September
(DBN)

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Food/Beverage:

ICE Raids Put Restaurant Industry on Edge
(DBN)

The Grim Future of Restaurants
(DBN)

Bankruptcy court hearing set over Perkins operations
(DBN)

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Retailing:

Sears Buyer Owes $166M More In Sale Deal, Judge Says
(DBN)

Old Sears vs. New Sears: Bankruptcy Judge Gives Companies 10 Days to Reach a Deal
(DBN)

Barneys explores possible bankruptcy filing as it grapples with rent hike at Manhattan flagship Struggling Barney's, a high-end Manhattan retailer, stares down an uncertain fate Barneys the latest dinosaur of retail sector to explore bankruptcy
(DBN)

Store closures are accelerating and may top 12,000 in 2019. Here’s what’s closed so far this year
(DBN)

Advisors, auditors and lawyers score big in Steinhoff mess
(DBN)

Fred’s to Close an Additional 129 Stores and Hold Inventory Clearance Sales Across All Stores
(DBN)

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Cannabis:

In states where marijuana is legal, licensed dispensaries are pushing out drug dealers
(DBN)

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Transit:

Bird Scooter Lost $100 Million in 90 Days
(DBN)

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Autos:

Auto workers union, Detroit 3 at odds as contract talks open
(DBN)

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Distressed Investing:

Distressed Debt Outlook as Global Growth Slows
(DBN)

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Economy:

Deficit on Pace to Cross $1 Trillion in 2019
(DBN)

Americans' Financial Anxiety Remains High Despite Strong Economy
(DBN)

The Fed could be about to disappoint the market, warns Well Fargo Securities
(DBN)

How the Wealthiest 1% Can Be Good for Everybody
(DBN)

Q2 GDP Forecasts: Around 1.5%
(DBN)

This month the U.S. economy will have been growing for a record 121 months - what could cause a recession?
(DBN)

US Could 'Run Out of Cash' in September, Treasury Warns
(DBN)

The Race Is On to Avoid a Debt Ceiling Crisis
(DBN)

Global Trade Moves on Without US With trade tensions escalating, here are 5 things to know about this earnings season China’s economic growth cools further amid ongoing tariff war with U.S. Trump takes victory lap for slowdown in Chinese economy
(DBN)

OECD Wants Changes for Slowing Economy
(DBN)

Taxes on Retirees by State
(DBN)

The end of capitalism has begun
(DBN)

Here’s what 2020 Democratic candidates have said about universal basic income
(DBN)

Here's When Trump May Cut Social Security
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Millions of Americans make 5x leveraged bets on their homes
(DBN)

30 Year Mortgage Rates increase to 4.0%
(DBN)

Wisdom of crowds? Ordinary Americans beat ‘experts’ in predicting mortgage rates
(DBN)

Housing-market distress is at its lowest in at least 20 years — can it hold?
(DBN)

Mortgage rates hold steady at long-time lows, good news for borrowers
(DBN)

Black Homeownership Drops to All-Time Low
(DBN)

Palm Beach mansion lost by developer in bankruptcy sells for $30.275M
(DBN)

FL: Bay Harbor Islands condo project files Chapter 11 bankruptcy
(DBN)

Jeffrey Epstein’s $56 million mansion could become a real-estate nightmare
(DBN)

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Municipalities:

Puerto Rico’s Bankruptcy Plan Is Almost Done, and It Could Start a Fight
(DBN)

Top Puerto Rico officials resign in group chat scandal that ensnares governor Puerto Rico Governor Urged to Resign After Profanity-Laced Chats
(DBN)

A Call to Revisit the Prepa RSA
(DBN)

How Puerto Rico’s default lowered states’ borrowing costs
(DBN)

Most Americans don't support District of Columbia statehood, according to poll
(DBN)

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Oil/Gas:

IEA: Huge Oil Glut Coming in 2020
(DBN)

Apollo to Consider Buying Debt to Control Sanchez Energy
(DBN)

Houston oil executive gets 18 years in prison for defrauding investors
(DBN)

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Politics:

Biden, Sanders and Warren lead Trump in 2020 election matchup: Poll
(DBN)

Trump Blew His Top on UK Cables
(DBN)

Even in defeat, the administration can’t stop trying to snow the public about a proposed citizenship question.
(DBN)

Trump’s latest press conference was a master class in gaslighting
(DBN)

Trump tweets nativist attack on female Democrats Trump tells progressive congresswomen to ‘go back’ to where they came from Trump Should Go Back to Where He Came From Democrats defend Congresswomen Trump says should “go back” to their “corrupt” 'You're better than that:' Geraldo Rivera hits back at Trump for telling progressive freshman congresswomen to 'go back' to 'broken and crime infested' countries Trump labeled as ‘Racist in Chief’ after his latest tweetstorm Trump ramps up attacks
(DBN)

Trump abandoned Iran nuclear deal to "spite Obama," U.K. leak claims Leak: Trump Ended Iran Deal Just for Spite
(DBN)

The ongoing feud between House Democratic leadership and progressives, explained House progressives speak out amid Pelosi tension
(DBN)

Poll: AOC defining Dems in swing states
(DBN)

CA: Bill Forces Candidates to Release Returns
(DBN)

AP Fact Check: Trump and an eco legacy not his own
(DBN)

‘Insane’: Bush’s Chief Ethics Lawyer Admonishes Trump Administration for Alan Dershowitz Consultations
(DBN)

TN: Governor Honors Founder of Klan
(DBN)

Trump Weighs Ousting Wilbur Ross
(DBN)

____________

Tech:

Facebook is being fined $5 billion for privacy violations, and Wall Street thinks that’s great news
(DBN)

Conservatives pretending to be suppressed by social media dominated social media
(DBN)

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Credit Counseling:

There is no shortcut to debt relief — so don’t believe the hype
(DBN)

____________

Climate:

The next wave of corporate lawsuits — climate change claims Why directors are in the crosshairs of corporate climate litigation
(DBN)

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Newspapers:

Epstein case raises worry about a future without newspapers
(DBN)

____________

Coal:

Fading US utility demand for coal to hit Powder River Basin hardest
(DBN)

Response team being sent to help workers impacted by Blackjewel bankruptcy Local Blackjewel workers miss 1st paycheck
(DBN)

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Crypto:

$32m stolen from Tokyo cryptocurrency exchange in latest hack
(DBN)

Bitcoin plunges, briefly falling below $10,000, as Trump slams crypto
(DBN)

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Student Debt:

Changes sought to address student debt crisis
(DBN)

____________

Celebs:

'American Chopper' Star Paul Teutul Sr. Sells New York Mansion for $1.5 Million Amid Bankruptcy
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (52 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)

______________

Plan Confirmation:

On Remand, Momentive Bankruptcy Court Rules That Cramdown Notes Should Bear "Process Efficient" Market Interest Rate
(DBN)

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D&O:

Why Corporate America Needs a Strong D&O Insurance Market
(DBN)

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Advisors:

FTI Consulting Enhances Healthcare Restructuring Expertise with Appointment of Tensie Axton as Senior Managing Director
(DBN)

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Aviation:

American Airlines cancels Boeing 737 Max flights through Nov. 2 as planes stay grounded Airlines cancel thousands of flights as Boeing works on 737 Max problems
(DBN)

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Healthcare:

Governor, Mayor Rip Hahnemann University Hospital Over Closure, Finances
(DBN)

Poll of The Day: Faith in Trump’s Phantom Health Care Plan
(DBN)

Bernie Sanders and Helen Gym: Philly’s fight for Hahnemann represents the need for quality health care for all
(DBN)

Joe Biden unveils his health care plan
(DBN)

The GOP isn't worried about its Affordable Care Act lawsuit
(DBN)

US healthcare is literally killing people
(DBN)

____________

Mass Torts:

Insurers Want To Investigate J&J Talc Supplier's Ch. 11
(DBN)

Weak Ties To Imerys Ch. 11 Get J&J Talc Suit Remanded
(DBN)

J&J Denials of Asbestos in Baby Powder Spur Criminal Probe
(DBN)

____________

Resorts:

U.S. trustee criticizes Hermitage plan
(DBN)

____________

Agribusiness:

ND pulse marketer files Chapter 11 bankruptcy
(DBN)

Wall Street lenders bank on troubled US farm sector
(DBN)

The Young Hands That Feed Us
(DBN)

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Electricity:

PG&E May Face New Calls to Let Others Craft a Recovery Plan
(DBN)

Newsom authorizes $21 billion fund to protect utilities from fire costs California Utilities Get $21 Billion Backstop in Newsom Win
(DBN)

How will the new wildfire insurance fund affect you? Here are some answers
(DBN)

____________

Publishing:

Bankrupt Johnson Publishing is set to auction off its Ebony photo archives, but it still faces $5 million defamation lawsuit over gym-mat death coverage
(DBN)

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Education:

Alaska's Public Universities May Declare 'Academic Bankruptcy'
(DBN)

The hidden cost of free college
(DBN)

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Telecoms:

Windstream and Uniti drill down on settling lease terms
(DBN)

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UK:

The Finance Bill 2019: Implications for insolvency practitioners, lenders and off-payroll workforces
(DBN)

HMRC’s new “secondary preferential” status – draft legislation published
(DBN)

Britain’s biggest care homes rack up debts of £40,000 a bed
(DBN)

U.K. Banks Expand Influence as Financial-Crime Rules Reformed
(DBN)

Interserve appoints turnround specialist Alan Lovell as chairman
(DBN)

Brexiters Blamed for Embarrassing Diplomatic Cables
(DBN)

Boris Johnson's plans for a Brexit trade deal with Trump are 'in breach of European law'
(DBN)

Getting Ready for the End of Britain
(DBN)

Thomas Cook nears package-tour business sell-off, shares crash 59% A rosy future for Thomas Cook once debt noose eased
(DBN)

____________

Canada:

B.C. court grants creditor protection to Chinese discount retailer Miniso
(DBN)

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India:

Committee of creditors to finalize investor hunt process for Jet Airways Jet Airways raised fraud bills, faked invoices and siphoned off funds, says report
(DBN)

Developments In Insolvency Law - June 2019
(DBN)

RBI’s creditor pact rule chokes lenders to sticky assets
(DBN)

Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel
(DBN)

‘Going to court is like going to a graveyard’: A day in the life of an NCLT courtroom, Fort, Mumbai
(DBN)

Lenders wary of using IBC for debt resolution over creditors' parity
(DBN)

____________

China:

China's economy slows to 27-year low amid trade war with U.S. China just posted its lowest growth rate in almost 30 years as the trade war hammers the economy — and the 'worst is yet to come'
(DBN)

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Venezuela:

Bondholders lobby US government to soften Venezuela sanctions
(DBN)

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Australia:

Clive Palmer Vows To Fight Against Creditors
(DBN)

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