July 15, 2013

The Daily Bankruptcy News

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Law:

GCs Not Satisfied With Outside Counsel Rates
(DBN)

Comparing Firm Billing Rates by Practice, City, Size
(DBN)

Leading With Integrity
(DBN)

Hogan Lovells Leads Way On Spate Of Office Openings
(DBN)

Vincent & Elkins, Ashurst, Paul Hastings: Business of Law
(DBN)

Senator Says Mean Law School Is Ignoring Him
(DBN)

Three Law School Admission Myths Debunked
(DBN)

Lawyer sues clients for $6K, is blasted by judge and told to repay $21K
(DBN)

Barbership-law Office Combo On Cusp Of 'Hybrid Business' Trend
(DBN)

Ten Tips For Landing J.D. Jobs for Law Students and Graduates
(DBN)

Law Departments and the 40/60 Ratio
(DBN)

Zimmweman: Not Guilty --- Scattered Protests --- Friends Say George Zimmerman Wants To Go To Law School To Help Others Like Him --- Zimmerman attorney: 'Disgraceful' --- Defense Attorney: 'If George Zimmerman Were Black, He Never Would Have Been Charged With A Crime' --- Pressure Mounts for Federal Trial Against Zimmerman Won’t End Well --- Federal Probe --- Department Of Justice Leaves Door Open --- Famed Lawyer: Zimmerman's Trial Never Should Have Happened --- Legal Experts Weigh In on Verdict --- 5 Key Ways The Prosecution Lost The Zimmerman Case --- Eliot Spitzer Blasts The George Zimmerman Verdict: 'This Is A Failure Of Justice' --- 'Watch Your Children:' Black Moms Terrified After Zimmerman Verdict --- Zimmerman verdict no surprise to many lawyers --- NAACP Is 'Outraged And Heartbroken,' And Will Pursue 'Civil Rights Charges' Against George Zimmerman --- The Craziest Moments Of The George Zimmerman Trial --- Instructions To The Jury Were At The Forefront Of The Zimmerman Verdict --- Will George Zimmerman Join O.J. Simpson In The Hunt For Real Killers? --- Obama Releases Statement On George Zimmerman Verdict
(DBN)

Man 'Using Rifle As Crutch When It Fired,' Killed Girl Upstairs
(DBN)

Rupert Murdoch could face criminal charges in US
(DBN)

Man dies after cow falls through roof on top of him
(DBN)

Lawyer/Soldier/Model Sues Apple for Allowing P--- to Destroy his Marriage
(DBN)

Former Fried Frank worker who stole $376K in copy machine toner not likely to repay firm
(DBN)

Man ticketed for picking dandelions forced to pay $75 fine
(DBN)

Iowa Court: You Can be Fired for Being Too Hot --- Court again OKs firing of woman whose boss found her "too irresistible"
(DBN)

Law Librarians to the Rescue: Fixing Firm Pain Points
(DBN)

The Professional Value of Storytelling for Lawyers
(DBN)

How to Give Great Speeches
(DBN)

Blind elderly man robbed twice by same mugger
(DBN)

Say What?!
(DBN)

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Judges:

No 'better man' for post - Croom becomes U.S. bankruptcy judge for Western District TN
(DBN)

Tom Waldrep Opens Up About Judgeship, Bankruptcy And What's Next
(DBN)

Former Bankruptcy Judge Raymond T. Lyons Joins Fox
(DBN)

Diverse reading list from Supreme Court Justice Kennedy
(DBN)

How lawmakers and special interests are making sure we get the judges they want
(DBN)

Former FISC Judge Quit Over Warrantless Wiretapping, Now Argues FISC Is Out Of Control
(DBN)

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Wall Street:

US stock futures advance
(DBN)

JPMorgan second-quarter profit surges on investment banking
(DBN)

Markets feast on 'good news is bad news'
(DBN)

______________

Layoffs:

Americans Warming Again to Unions
(DBN)

Will Robots Lead to 75% Unemployment? --- Robots Are About To Take All The Farm Jobs
(DBN)

America's part-time economy?
(DBN)

Cities with the biggest pay hikes
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

Glenmoor owner, owing millions, files for Chapter 11
(DBN)

Benchmark Eyes CCRC Market Opportunity Through Distressed Acquisition
(DBN)

Fate of Passaic hospital is uncertain as N.J. mulls purchase by California company
(DBN)

Regulators' crackdown on doctor's hospitals took years
(DBN)

Layoffs Hit Western Massachusetts Hospital
(DBN)

____________

Tech:

EI's strategy for survival: Moves made before bankruptcy filing could determine company's fate
(DBN)

EI owes 20 creditors more than $27 million
(DBN)

____________

Retailing:

Circuit City name is for sale, again
(DBN)

RadioShack considers hiring financial adviser: report --- Analyst: RadioShack Restructuring Is More Likely than Bankruptcy --- Can RadioShack Be Saved? --- RadioShack's Problem Is Not Its Balance Sheet
(DBN)

____________

Photography:

Kodak shareholders may get day in court
(DBN)

Kodak Said to Set July 15 Meeting to Seek $695 Million in Loans
(DBN)

____________

Banking:

Firm files objection to Mercantile Bank sale
(DBN)

Why an honor system doesn't work for banks
(DBN)

Banks Are Cautious Even as Profits Rise
(DBN)

From the Fed, Another Reason for More Bank Capital
(DBN)

Wells Fargo profit jumps 19% as delinquent loans decline
(DBN)

What Glass-Steagall 2 Gets Wrong: Everything --- JPMorgan Chase Fires Back At Warren-McCain Plan --- Elizabeth Warren , You Can't Prevent the Past --- No, Senator Warren, Let's Make Banking Scary Again --- 'The 21st-Century Glass-Steagall Act'
(DBN)

____________

Office Supplies:

NE Opco Reaches Deal Allowing for Consensual Bankruptcy
(DBN)

____________

Religion:

Milwaukee Archdiocese to release new priest file
(DBN)

Church faces its debt with openness
(DBN)

Vatican freezes assets of arrested monsignor
(DBN)

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Mail:

U.S. Postal Service Near Default
(DBN)

____________

Debt Collection:

Slap on the Hand to Biggest Debt Collector
(DBN)

____________

Distressed Investing:

Investing in Times of Distress : The Bank of Ireland and WL Ross
(DBN)

____________

Economy:

Consumer Comfort in US Improves to Highest Level in Five Years --- Consumer sentiment slips on concern for future
(DBN)

Thought business confidence was improving? Think again
(DBN)

Global CFO Council survey: An improving US outlook
(DBN)

A Must-Read For Anyone Who Thinks Sequestration Doesn't Matter
(DBN)

Changing Odds on Next Fed Chair
(DBN)

Congress Debates Food Stamps, Poor Worry --- Congress Will Pass Food Stamp Funding Measure, Republican Says
(DBN)

Potential Perfect Storm of Debt Ceiling and Fed
(DBN)

Fed’s Plosser: Time to Taper Bond Buying, End by Close of Year --- Bullard: If Inflation Weakens Further, Fed Must Act
(DBN)

Paul Krugman Crushes Rick Santelli
(DBN)

Spiking Gas Prices Have Joined Spiking Interest Rates As The Newest Threat To The Recovery
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Eminent domain mortgage relief plan in North Las Vegas ignites morality debate
(DBN)

The True State of the American Dream
(DBN)

Fast rising mortgage rates are dire for housing
(DBN)

BofA: Ex-Workers Were Not Rewarded For Sending Homeowners Into Foreclosure
(DBN)

Here's What To Watch If You're Worried About The Housing Recovery
(DBN)

Expected Decline In Mortgage Lending To Hurt Big Banks' Profits
(DBN)

How Mortgage Bonds Are Made
(DBN)

Obama Scorecard: Housing market continues to improve, but risks linger --- Foreclosure mitigation programs continue to aid borrowers
(DBN)

Owning a Home Isn't Always a Virtue
(DBN - NY Times - Paywall Limit Possible)

Rising interest rates may cut banks mortgage future short
(DBN)

Lender Of Failed Condo Project Loses Appeal Of Malpractice Suit Against FL Firm
(DBN)

Colorado foreclosure lawyer must turn over documents in bill-padding probe
(DBN)

Miami vise as big investors put a lock on hottest US housing market
(DBN)

Phoenix housing market sees 'boomerang buyers' sooner than expected
(DBN)

Foreclosures fall even as judges ramp up
(DBN)

Sale of Blue Heron mill in Oregon City on track after U.S. Bankruptcy Court appearance
(DBN)

Eresian, bank spar over ownership of apt. buildings
(DBN)

Chapter 11 filing stalls auction of prime Madison Avenue development site
(DBN)

Creditors seek bankruptcy for Gannon International
(DBN)

Clay McCormack, indicted on bank fraud charges in rental home sales, leaves trail of partners and debt
(DBN)

Mortgage REIT Meltdown, I Told You So
(DBN)

___________

Celebs:

The Broke and the Beautiful: Nicole Farhi Edition
(DBN)

Settlement sought in SD's largest ever personal bankruptcy --- $70 million Vucurevich bankruptcy nears end
(DBN)

Court cases closing in on pitchman Trudeau
(DBN)

Casey Anthony Pregnancy Hoax 2013
(DBN)

Paula Deen Finally Gets Some Real Lawyers --- Lawyer's 'Doing' Paula Deen Tweet Raises Ire, No Sanction
(DBN)

____________

Tax:

Foreign bank rule to discover tax evasion delayed
(DBN)

Apple and the Complex Irish Tax Web
(DBN)

____________

Aviation:

US Airways shareholders OK American Airlines merger
(DBN)

Up to fourteen banks that lent Kingfisher Airlines Rs 6,203 crore try to recover funds from defunct carrier
(DBN)

US Airways proposes lower pay for new American Eagle pilots
(DBN)

TV Station Makes Excruciating Error, Reads 4 Wrong Names Of Asiana Crash Pilots --- Asiana May Sue
(DBN)

Four Reasons So Many People Survived the Asiana Crash --- Why That Crashed Asiana Plane Is Still on the Runway
(DBN)

Govt to revive Uganda Airlines
(DBN)

____________

Corporate Governance:

When the Business Judgment Rule Isn't Available to Protect Directors
(DBN)

____________

Municipalities:

Cash-starved Pa. city to sell Wild West artifacts
(DBN)

Bankruptcy is inevitable for Detroit
(DBN)

Detroit Creditors Get New Worry in Jefferson County Fee Ruling
(DBN)

Detroit Emergency Manager Kevyn Orr to submit city's quarter report to state Monday
(DBN)

Possible changes ahead for City of Detroit retirees
(DBN)

Don't blame pensioners for Detroit's fiscal crisis
(DBN)

As Detroit breaks down, scourge of arson burns out of control
(DBN)

Detroit Resident: 'This Whole Neighborhood Is Going To Burn Down One Day'
(DBN)

In Detroit, Snyder's a populist
(DBN)

Hundreds occupy City Hall to protest Orr's wage cut plan
(DBN)

Detroit pension funds prepare for fight
(DBN)

Detroit's EM should surround himself with fresh faces
(DBN)

Detroit's 20% Offer Jeopardizes Insurers' Recovery
(DBN)

Detroit creditor: 'A promise is a promise,' so pay up
(DBN)

Insurer opposing Kevyn Orr's Detroit plan just emerged from bankruptcy
(DBN)

Muni market braced for fallout from Detroit
(DBN)

White House not offering Detroit help to avoid bankruptcy
(DBN)

Detroit manager says bankruptcy issue may be answered
(DBN)

Detroit owes $1.4 million to law firm for consultation work
(DBN)

New Jersey Is A Bad State For Business --- 19 Awesome Experiences You Can Only Have In New Jersey
(DBN)

Stockton Considers Hiring More Meter Attendants To Boost Revenue
(DBN)

Retired San Bernardino employees form group to protect pensions
(DBN)

Prichard lays off employees
(DBN)

Beyond Act 47 : A Call to Action
(DBN)

____________

Hedge Funds:

Suddenly Everyones Hates Hedge Funds — Now Here's What That Actually Means
(DBN)

____________

Shipping:

Bulk shipper seeks protection from US creditors
(DBN)

____________

Student Debt:

Student Loans Killing Home Sales
(DBN)

I risked my life to pay off $108,000 in student loans
(DBN)

Why college has become so costly
(DBN)

Sorry, students : Higher loan rate still good option
(DBN)

____________

Resorts:

Creditors agree to delay sale of Tamarack assets
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

MD PA: Bankruptcies fall 13 percent in first half of year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Automatic Stay:

Pre-Bankruptcy Stay Waiver: Who Cares, It’s Not Enforceable Anyway – Right?
(DBN)

____________

Subordination:

Subordination Agreements Work: If You Assign Your Plan Vote
(DBN)

____________

Plan Confirmation:

Give a Little, Get a Little: Court Crams Down Plan on Oversecured Creditor Who Faces Substantial Risk Under Debtor’s Plan of Reorganization
(DBN)

____________

Discharge:

Bullock Cannot Save ERISA Fiduciary, a Sole Corporate Shareholder Whose Company Failed To Make Multiemployer Fund Contributions, From Being Unable To Discharge His Liability Through Personal Bankruptcy

____________

Recent Pleadings:

 

______________

Alternative Energy:

Better Place assets bought for $12 million -- a smidgen of the $850 million it raised
(DBN)

____________

Food/Beverage:

Piccadilly files reorganization plan
(DBN)

Twinkie Fans Delight in Hostess Return From Zombie Death
(DBN)

Cleanup Continues in Affiliated Foods Collapse
(DBN)

____________

Education:

Sam Houston State Grabs at Dead College’s Charity Money
(DBN)

____________

Fraud:

Madoff Trustee to Hold Auction for Office Furniture, Decorations
(DBN)

SEC bans three ex-Madoff employees from securities industry
(DBN)

How the RRA liquidation settlement was worked out --- Investors in law firm chief's $1.2B swindle to get full repayment under OK'd bankruptcy plan
(DBN)

Bankruptcy plan restores many Fla. Ponzi investors
(DBN)

Ex-Goldman trader's fraud trial due to begin --- Four Things to Look for in "Fabulous Fab" Trial
(DBN)

____________

Elder Debt:

Elderly Debtors Win in Fourth Circuit Appeals
(DBN)

____________

Electricity:

At Texas Electric Firm, Users May Hold Key
(DBN)

____________

Sovereigns:

US may intervene in fight between Argentina , hedge funds
(DBN)

How do you restructure a contingent liability?
(DBN)

____________

UK:

'I'd Live In A Council House': Kerry Katona's Fiance George Kay Vows To Stand By Her Following Second Bankruptcy
(DBN)

Personal insolvencies fall in UK
(DBN)

IVAs have ‘rocketed’
(DBN)

UK businesses in financial distress falling - report
(DBN)

UK’s Vince Cable expects big rise in business insolvency when interest rates rise
(DBN)

HMRC: Decline in winding-up orders not due to policy
(DBN)

Vince Cable plans to force bosses of failed firms to compensate creditors
(DBN)

Fall in individual insolvencies may mask informal insolvency problem
(DBN)

UK Privy Council dismiss Caribbean Steel defunct
(DBN)

UK Seeks to Tighten Client-Money Rules After Lehman, MF
(DBN)

North East worst for insolvencies
(DBN)

Auditors hit out at "zombie" tag
(DBN)

UK to crack down on negligent company bosses
(DBN)

____________

EU:

Euro Falls as Fitch Downgrades France
(DBN)

CMBS defaults more than double
(DBN)

____________

PIIGS:

ie: Mortgage crisis will worsen if the banks have their way --- What it is really costing us – 'the coping classes' – just to survive --- Court order for Quinns to hand over financial details delayed --- 'I was close to penniless' – Shane Filan on his bankruptcy --- Ireland Debt Outlook Raised at S&P on Impact of Budget Cuts
(DBN)

Spain Power Reforms to Cost Companies 2.7 Billion Euros --- Prisa Is Said to Seek Alternative to Unanimous Creditor --- Jobless rate of 27.2 per cent in Spain may end age of austerityAccord --- Spain Claims to be Out of Recession --- Spanish Opposition Calls On Prime Minister To Resign After Newspaper Publishes Secret Text Messages
(DBN)

Greeks divided over mass layoffs ahead of parliamentary vote on reform bill --- Greece Puts Railways Up For Bid --- Schaeuble Brokers Greek Investment Deal --- Troika Wants Greece To Cut Priests’ Pay --- Greece Wants Germany To Pay For WWII --- Greeks Wait Tables and Hope for Economic Dawn
(DBN)

____________

Canada:

Six Charged in Bankruptcy Fraud Investigation
(DBN)

____________

Germany:

Praktiker shareholder mulls taking over bank loans: paper
(DBN)

____________

France:

Post- downgrade , France's Hollande 'in denial' over crisis
(DBN)

____________

Austria:

Hundreds of Austria's Dayli drug stores face closure
(DBN)

Austria expects EU decision on Hypo bank in autumn -paper
(DBN)

____________

MENA:

ElBaradei sworn-in as Egypt's vice president --- Calm on streets as cabinet assembled --- Public Prosecutor Orders Assets of 14 Brotherhood, Islamist Leaders Frozen --- Has The Arab Spring Failed? --- Egypt's new finance minister faces daunting task --- Egypt announces criminal investigation of Mursi --- Democracy without Freedom
(DBN)

____________

Russia:

Bankruptcy Threshold Could Be Increased by 6 Times
(DBN)

____________

China:

China Growth Slows to 7.5% as 2013 Target Under Threat
(DBN)

____________

Mexico:

Second housebuilder defaults as Mexicans desert the suburbs
(DBN)

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