September 3, 2013

The Daily Bankruptcy News

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Law:

Linklaters hires former A&O partner as first Asia restructuring head
(DBN)

Which dream jobs aren’t so dreamy? ‘Lawyer’ makes the list
(DBN)

The End of the Magic Circle and Other Modest Predictions From "The Lawyer"
(DBN)

2013 Legal Rebels
(DBN)

'Like Watching Paint Dry:' Why The Third Year Of Law School Is A Waste --- Would losing the 3L year really reduce students' costs?
(DBN)

Things You Can Do With A Law Degree: Money Bunny
(DBN)

The Practice-Ready Law Graduate is a ‘Fantasy,’ Says Professor
(DBN)

Dip in Bankruptcies Forces Firms to Trim Ranks
(DBN)

The First School-Wide Angry Email Of The Year
(DBN)

'Million Dollar Degree' Authors Answer Harper, Leichter
(DBN)

Law school's enrollment surges amid national decrease
(DBN)

S.C. law school listed for sale on Craigslist
(DBN)

5 Non-Obvious Things to Do When You Start Law School
(DBN)

Law Schools Lose Luster With Ivies
(DBN)

The Million Dollar iPad
(DBN)

Boost Smartphone Productivity With 8 Accessories
(DBN)

The perils of representing yourself in court
(DBN)

From in-house lawyer to delivery man
(DBN)

Boca Raton Law Firms Merge To Create 7-Lawyer Bankruptcy Firm
(DBN)

Drug Agents Use Vast Phone Trove, Eclipsing N.S.A.'s --- The DEA Pays AT&T For Real-Time Access To 26 Years Of Phone Records --- Inside The US Intelligence Community Edward Snowden Has Exposed
(DBN)

Wife boils husband in pressure cooker
(DBN)

Bummer: Woman hospitalized after hiding $5,000 in ...
(DBN)

Couple Arrested For Shacking Up At Home Depot
(DBN)

Here's The Nastiest Insult A Handcuffed Suspect Has Ever Hurled At A Cop
(DBN)

Mother Arrested For Trying To "Beat The Gay" Out Of Her Teenage Son
(DBN)

Robber Attacks Gas Station Clerk -- With Bible
(DBN)

These Are The Only 13 Women Executed In America In The Past 40 Years
(DBN)

Cop Shot When Child Pulls Trigger On His Holstered Gun At School Event
(DBN)

Homeless Man Saves Police Officer's Life During An Assault
(DBN)

Aaron Paul Deserves Another Emmy For 'Breaking Bad'
(DBN)

Which “Breaking Bad” Character Are You?
(DBN)

NFL Rookie Allegedly Tells Police 'You Can't Arrest Me, I'm A Colts Player' During Arrest
(DBN)

Cop shoots man holding underwear, man sues
(DBN)

Mug Shots
(DBN)

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Judges:

Supreme Court Justice to officiate same-sex wedding
(DBN)

Ruth Bader Ginsburg on the offensive
(DBN)

Should county prosecutor have done more to rein in now-indicted judge?
(DBN)

Texas Chief Justice Wallace Jefferson to Resign for Financial Reasons on October 1
(DBN)

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Wall Street:

Stock futures up ahead of ISM
(DBN)

Summer goes out with whimper as markets flatline
(DBN)

The 10 Most Popular Stocks Owned By Congress
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

______________

Layoffs:

American Work Life: Can't We Do Better
(DBN)

The Jobs That Built America
(DBN)

America's Most Popular Six Figure Jobs
(DBN)

Labor on Labor Day: 'Just a very tough job market'
(DBN)

Many Americans Are Working On Labor Day
(DBN)

Americans Forced to Work Off the Clock
(DBN)

Part-time economy: Older workers, underemployed
(DBN)

Wendy's, McDonald's, Denny's in Worker's Wages Dispute Spotlight --- Why the Fast-Food Worker Strikes Are Doomed
(DBN)

Scientists laid off due to budget cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

Suntech Reaches Understanding With Creditors on Debt Conversion
(DBN)

____________

Telecoms:

LightSquared to explore sale of assets
(DBN)

LightSquared Proposes Outline for Reorganization
(DBN)

____________

Shipping:

Excluded from KOSPI 200 Due to Bankruptcy Filing
(DBN)

____________

Celebs:

The Broke and the Beautiful: Superhero Edition
(DBN)

____________

Mass Torts:

U.S. Bankruptcy Court asked to handle compensation for victims of Montreal, Maine and Atlantic Railway train disaster
(DBN)

Top court reinstates $42M award against 3 lawyers who plundered $200M fen-phen settlement
(DBN)

____________

Sporting Goods:

Prince Tennis Pushes New Brand Direction And Product Line As It Bounces Back From Bankruptcy
(DBN)

____________

Banking:

Anchor bankruptcy plan approved by judge --- Anchor shareholders object to 'double standard' in reorganization deal
(DBN)

FDIC Report Shows That Despite Improvement Problem Banks Persist --- Reading Between The Lines
(DBN)

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Health Care:

Fairmont General says it will file for bankruptcy
(DBN)

____________

Art:

Museum would be forced to close if art is sold
(DBN)

Here's What Happened When A Group Of Artists Painted Scenes From Detroit By Only Looking At Google Maps
(DBN)

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Personal Finance:

The Best And Worst Things To Buy In September
(DBN)

Bosses: Use your own PC for work
(DBN)

____________

Golf:

Cherry Hill Group Wants Defunct Golf Course Used For Affordable Housing
(DBN)

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Apparel:

Astor & Black shuts down, declares bankruptcy
(DBN)

____________

Hotels:

Trenton's only hotel to seek bankruptcy protection --- City-owned hotel will file for Chapter 11 bankruptcy, seeks relief from $30 million in debt
(DBN)

Dubai close to sale of Fontainebleau hotel in Miami
(DBN)

____________

Forest Products:

Sawmill bankruptcy leaves Emmett hanging
(DBN)

____________

Economy:

Income Gap Grows Wider (and Faster)
(DBN)

Median Income Decline Tied to Demographic Shifts
(DBN)

The State Of The World Economy
(DBN)

OECD sees Europe joining US recovery, emerging markets sluggish --- Warns Global Growth Could Weaken
(DBN)

If You Haven't Paid Attention To Markets Or Economics At All This Weekend, Here Are The Two Big Things You Missed
(DBN)

Why Larry Summers is the Favorite for Fed --- It's All Because Of Larry Summers That The Fed Nomination Has Become Such A Circus
(DBN)

Federal Reserve's Yellen: Fearless and candid
(DBN)

Weighing Yellen vs. Summers for Federal Reserve
(DBN)

On Labor Day 2013, Welfare Pays More Than Minimum-Wage Work In 35 States
(DBN)

How America's Minimum Wage Really Stacks Up Globally
(DBN)

Roubini: Republican 'Jihad' On Spending
(DBN)

Saving Rate Is Slipping
(DBN)

4 Signs That Economic Growth Is off To A Bad Start In Q3
(DBN)

Misconceptions About Fed’s Bond Buying
(DBN)

U.S. Consumers Spending More on Luxury Goods
(DBN)

Fewer Americans Paying No Income Tax --- 43% pay no federal income taxes
(DBN)

The Recessions of 1973,1980,1991,2001,2008 Were Caused By High Oil Prices
(DBN)

Here's The Key Thing You Should Know About Ronald Coase, The Great Economist Who Died Yesterday
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Black Homeownership Dying Where Obama Revitalized
(DBN)

New York to Seattle Buyers Tap Brakes After Rates Rise
(DBN)

SC: Owner of defunct mall hopes bingo talk will return
(DBN)

___________

Municipalities:

Detroit largest labor union asks bankruptcy judge to permit questioning of Snyder, other top state officials --- Michigan governor seeks to dodge deposition --- State asks Detroit bankruptcy judge to quash subpoenas
(DBN)

Detroit can do better than bankruptcy
(DBN)

Detroit Seeks Loan Proposals to Finance Swaps Settlement
(DBN)

For Detroit firefighters, flames are just one battle
(DBN)

First-class travel, alcohol off-limits as expenses in Detroit bankruptcy
(DBN)

Opening night of Detroit Jazz Festival chases away bankruptcy blues
(DBN)

DIA Director Graham Beal: Selling Any Art Would Mean The DIA Will Close
(DBN)

Former Michigan lawmakers get hefty pensions while Detroit city workers hope to save theirs
(DBN)

Detroit Billionaires Get Hockey Arena as Bankrupt City Suffers
(DBN)

ICYMI: Orr forces out top Bing aide, Detroit's pension funds at risk of losing millions
(DBN)

Bankrupt Detroit needs October to be more than a 1968 replay
(DBN)

The Real Story of Detroit's Economy -- Good Things Are Really Happening in Motown
(DBN)

Michigan needs to replace EM law --- Let's get this settled so we can proceed
(DBN)

Puerto Rico counts cost of Detroit default
(DBN)

Detroit was in more trouble 250 years ago
(DBN)

More than $28 million in fees owed to bankrupt Jefferson County, records show
(DBN)

JeffCo leaders hope new businesses could help with bankruptcy debt
(DBN)

SF: Pensions driving East Bay's largest fire district toward bankruptcy
(DBN)

California State Controller’s Statement on Governor’s Signing of Bill to Battle Local Government Bankruptcy
(DBN)

San Bernardino Bankruptcy Prompts Bid to Recall Officials
(DBN)

Three leaders of bankrupt San Bernardino head to recall ballot
(DBN)

Philadelphia Schools Are So Broke That Teachers Have Turned To Crowd Funding For Supplies
(DBN)

Blue-collar cities change colors as jobs shift
(DBN)

____________

Aviation:

Judge: Airline-merger trial to start in November --- Antitrust trial timing may favor merger
(DBN)

Timing of antitrust trial appears to favor airlines, but U.S. may come prepared --- AMR, US Airways Fast-Track Trial May See Year-End Ruling
(DBN)

Countdown Begins To US Airline Merger Trial
(DBN)

Is American Airlines Helping DOJ Make Its Case?
(DBN)

Should 'Accounting Magic' Kill the American-US Airways Deal?
(DBN)

Avantair Owners Seek Possession of Piaggios from Bankruptcy Court
(DBN)

Trustee Follows the Money at Bankrupt Avantair
(DBN)

Aftereffects of Recession Reverse a California Airport's Growth
(DBN)

Individuals on no-fly list have due process rights, federal judge rules
(DBN)

Curaçaoan court declares Dutch Antilles Express bankrupt --- DAE’s bankruptcy took many by surprise
(DBN)

____________

Fraud:

Jack Brown, Who Was Sued Over Alleged Ponzi Scheme, Dies At Age 60
(DBN)

Two Broward Attorneys Charged In Rothstein Scheme
(DBN)

Audit Firm Frazer Frost Must Face Allegations Over RINO Fraud
(DBN)

____________

Printing:

Can Kodak reinvent itself after bankruptcy ?
(DBN)

____________

Video Games:

Trustee could bring more claims in 38 Studios case
(DBN)

Schilling's ex-company faces more questioning
(DBN)

____________

Electricity:

Norway's Kvaerner says unclear about financial impact of Longview bankruptcy
(DBN)

Longview Power filing for bankruptcy
(DBN)

Longview takes long road of bankruptcy
(DBN)

____________

Coal:

Texas coal miner tangled in legal dispute; bankruptcy looms
(DBN)

____________

Retailing:

You Might Not Have Realized Just How Much The 'Department Store' Has Collapsed
(DBN)

Wal-Mart vs. Costco III, Why Critics Are Wrong
(DBN)

____________

Pensions:

U.S. pension funds press Caesars' private equity owners
(DBN)

____________

Education:

The Tuition is Too Damn High — Why there’s no reason for big universities to rein in spending
(DBN)

The top 5 most expensive colleges in America
(DBN)

____________

Engineering:

Birdsall fined $1 million for pay-to-play scheme
(DBN)

____________

Corporate Reform:

Consumer Agency Urges Court to Toss Suit Against It
(DBN)

SEC Wants You To Admit Wrongdoing---And It Will Cost You
(DBN)

____________

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 (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (201 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Plan Options and the Absolute Priority Rule: What Is the Difference Between an Individual and an Entity Debtor (If Any)?
(DBN)

____________

Bankruptcy Poetry:

Rudy's Tickets Winners
(DBN)

____________

Secured Claims:

One Method to Protect Your Secured Position in Bankruptcy--Don't Participate
(DBN)

"I'll Sit This One Out" - Fifth Circuit Permits Secured Creditor to Disregard Chapter 11 Case
(DBN)

____________

Tax:

Swiss Tax Haven Closed for US Wealthy
(DBN)

Whose Tax Refund is It? Eleventh Circuit Holds That Chapter 11 Debtor Parent Company Must Distribute Tax Refunds to Members of a Consolidated Group
(DBN)

New Case May Present Planning Opportunities for Financially Troubled S Corporations and Qsubs
(DBN)

____________

TBTF:

Global Watchdog to Set Creditor-Loss Rules for Failing Banks
(DBN)

Are we ready for the next meltdown?
(DBN)

____________

Tech:

Shareholders, Small-Town America Enemy No. 1?
(DBN)

Homeless In Silicon Valley: Hardship In America's Innovation Heartland
(DBN)

____________

Bonds:

Dealers in Debt Pare Commitments Raising Risk as New Rules Bite - "Yelling fire in a crowded theater"
(DBN)

____________

Autos:

Detroit Auto Rebound: Too Far, Too Fast?
(DBN)

West Covina, Covina auto dealerships go up for auction Sept. 11
(DBN)

Car Industry Death More than Statistics
(DBN)

____________

Sovereigns:

Subnational Insolvencies and Beyond: If Detroit Can Be Restructured In A Bankruptcy Proceeding, Why Not Argentina?
(DBN)

Argentina to offer debt under foreign law in bond swap --- Argentina plots escape from New York
(DBN)

Argentina Signals Shift to Local Bonds May Be on Hold
(DBN)

Singer Calls Off Hasty Meeting Over Argentinian Bonds
(DBN)

____________

UK:

Restructuring & Corporate Recovery Update - August 2013
(DBN)

Cross Border Restructuring and Insolvency Update
(DBN)

UK manufacturing surge bolsters recovery hopes
(DBN)

Insolvency Service consults on changes to insolvency law
(DBN)

Kodak bankruptcy exit might mark beginning of UK pension battle
(DBN)

Half of small UK law firms in warning area
(DBN)

____________

EU:

German candidates clash on euro and taxes in tight TV duel
(DBN)

No EU Boost For Bankrupt Romania Town --- Insolvent town exposes gulf between EU dreams and reality --- The small town too poor for Europe to lift out of poverty
(DBN)

Cyprus on track with bailout reforms, EU report says
(DBN)

____________

PIIGS:

ie: Ivan Yates: 'I'm restarting my life' --- “Arrogant, Inhuman, Bastards” – Ivan Yates takes aim at banks --- ' Bankruptcy exile made me so lonely that I felt like dying' --- O'Donnells go to extraordinary lengths in legal saga --- Bank refund on sale of homes with debt write-down 'fair --- Homeowners who complete debt deal will owe banks if they sell up --- Reasons to be pessimistic about insolvency service --- Judge rejects 'bias' allegation in O'Donnell bankruptcy --- Judge describes O'Donnell bias claim as 'absurd' --- Banks bid to stop deals with insolvency service --- 'AIB won't see one more cent from me' --- Government has made no attempt to stop “ bankruptcy tourism”
(DBN)

Between bail-outs - A few crumbs of cheer count as welcome good news
(DBN)

____________

Japan:

Fukushima radiation levels '18 times higher' than thought
(DBN)

____________

Austria:

EU regulators clear Hypo Alpe Adria restructuring plan
(DBN)

Hypo bank sell-off may cost Austria up to $7.1 bln more
(DBN)

____________

Romania:

Romania's bankrupt town
(DBN)

Over 9,600 Romanian companies go insolvent in first seven months of 2013
(DBN)

____________

Australia:

Storm Cloud for Insolvency Practitioners?
(DBN)

____________

Korea:

Danger of Dishonor: 150 Listed Korean Companies May Go Bankrupt in a Year
(DBN)

____________

China:

China debt laden steel industry on the brink of bankruptcy
(DBN)

Zibo Steel filed for bankruptcy
(DBN)

Solar Defaults Shock Holders as $8.4 Billion Due
(DBN)

China's Big Banks Must Face Some Nasty Truths
(DBN)

Chinese Factory Data Is Bright Spot in Asia
(DBN)

TV confessions in China an unsettling new trend for executives
(DBN)

____________

India:

Indian PMI Is Exactly As Ugly As You Would Expect
(DBN)

India's economic growth slowest since 2009
(DBN)

____________

Brazil:

How Brazil’s richest man lost 97% of his fortune in less than two years
(DBN)

Survey Shows Brazil’s Industry Contracted Again in August
(DBN)

Botched Batista bankruptcy another risk for Brazil
(DBN)

____________

MENA:

Arab States Call for International Action Against Syria
(DBN)

Syrian Army Forces Move Away From Potential Target Sites Into Schools And Universities
(DBN)

____________

Poland:

August saw fewer bankruptcies
(DBN)

____________

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