December 5, 2014

The Daily Bankruptcy News

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Law:

Reform Wishlists: J. Scott Victor: Strengthen Law to Encourage 363 Sales ---

Mark Roe: Code Changes Should Focus On Safe Harbors ---

Harvey Miller: Boost Bankruptcy Judges’ Powers ---

Perry Mandarino: What About CROs?
(DBN)

GCs ID Outside Firms With the Best Client Service
(DBN)

Clifford Chance braces itself for professional negligence claim from litigation funders
(DBN)

Cleary Gottlieb associates revolt over 12% bonus
(DBN)

Payday in Sight for Creditors of Defunct Law Firm Howrey
(DBN)

Guy Talk
(DBN)

Simpson Thacher: Exacting Standards for Lateral Hires in the UK
(DBN)

U.S. Firms in London: Who's Leading, Who's Lagging
(DBN)

Inflation Adjusted Numbers Show BigLaw Continuing to Struggle
(DBN)

Boutique Firms and Millennial Attorneys Join Forces
(DBN)

My Journey From Biglaw to SmallLaw
(DBN)

80-year-old law student graduates
(DBN)

Why are Bar Exam Retakers Failing at a High Rate?
(DBN)

Is your voice persuasive? Scientists study charismatic speakers for clues
(DBN)

Scathing DOJ report finds pattern of abuse by Cleveland cops
(DBN)

Kansas judge sentences man convicted of raping 11-year-old girl to three years probation
(DBN)

White Cop Gets Charged With Murder, His Lawyer Hints It's Because Of Ferguson
(DBN)

These 2 Supreme Court Cases Made It Virtually Impossible To Indict A Cop
(DBN)

Everything We Know About Eric Garner's Death At The Hands Of The NYPD --- New York City Protests Garner Decision --- New York City Protests Garner Decision --- Protests sweep across the USA: 'The system is rigged'
(DBN)

Ex-lawyer found guilty of killing DA’s wife; jury to decide next week on death penalty
(DBN)

Law Firm Paralegal Accused of $4M Embezzlement
(DBN)

Millennial Jurors: Entertain Us
(DBN)

Drunk Driver Delivers Classic Line To Cop
(DBN)

Judge Fed Up with Sheriff Joe's Defiance
(DBN)

Case for Chimpanzee Rights Rejected by Appeals Court
(DBN)

Former NFL QB released from Montana prison
(DBN)

______________

Judges:

The Judge & Company – Questions for Judge Posner from Judges, Law Professors & a Journalist
(DBN)

Justice Scalia Tells Women What They’re Worth. Spoiler: Not Very Much.
(DBN)

Justice Scalia, Traffic Stops, and White-Collar Crime
(DBN)

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Wall Street:

U.S. stocks : Futures inch up as jobs-data day arrives
(DBN)

Small losses for US stocks ahead of jobs data
(DBN)

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Layoffs:

GSK job cuts: What happened?
(DBN)

'Being homeless is better than working for Amazon'
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

CW Williams files for bankruptcy
(DBN)

Federal Judge Halts Erlanger's Foreclosure Effort Against Hutcheson
(DBN)

Union Nurses Set To Picket Over Staffing Levels, Work Environment At BMC
(DBN)

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Education:

Congressmen to Obama Administration: Look Harder at Shady For-Profit College Deal
(DBN)

Fla. school accused of using s------- to lure students
(DBN)

____________

Theme Parks:

Conneaut Lake Park to file for Chapter 11 bankruptcy in effort to halt sheriff's sale --- Judge clears way for sale of Conneaut Lake Park
(DBN)

____________

Gambling:

Lawyer: Revel casino sale 'in flux' --- Revel attorney: Brookfield agreement not terminated --- Can the Revel Sale Be Salvaged?
(DBN)

Elliott Said to Bet on Caesars Default Amid Bankruptcy Talks --- Said to Buy Caesars Swaps Amid Bankruptcy Talks
(DBN)

Taj Mahal shuts Chairman's Tower
(DBN)

Trump Entertainment settles with 2 online partners
(DBN)

____________

Fraud:

Madoff Inner Circle Faces Final Reckoning as Prison Looms
(DBN)

____________

Paper:

Millinocket, Belfast show Maine's changing economy
(DBN)

Sale of closed Old Town, Maine mill due in court
(DBN)

Judge to Hear from Critics of Maine Mill Sale
(DBN)

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Chemicals:

Bankruptcy judge approves Durham's Reichhold's $106M financing plan
(DBN)

____________

Banking:

Down the Rabbit Hole, Megabanks Thrive and Community Lenders Crumble
(DBN)

____________


Economy:

U.S. jobless claims fall back below 300,000 --- Employment Growth Slows
(DBN)

More Americans are behind on car payments
(DBN)

China Officially the World's Largest Economy
(DBN)

Fast food worker protests expand to 190 cities
(DBN)

Where Wages Are Rising (And Falling), In 1 Graph
(DBN)

US Birth Rate Hits All-Time Low
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Using Bankruptcy to Reduce Foreclosures: Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?
(DBN)

Housing Forecasts for 2015: Resurgent Home Building and Restrained Optimism
(DBN)

8% of mortgages, 4 million borrowers in negative equity
(DBN)

Brooklyn housing market is least affordable in the country
(DBN)

Freddie Mac: Mortgage rates fall even lower
(DBN)

Can artist revive failed Bridgeport condo project?
(DBN)

CA: Government steps in to challenge bankruptcy related to Mortgage Modifiers
(DBN)

Moodys: Home sales and homebuilding will take off in 2015
(DBN)

CoreLogic: September completes 41,000 foreclosures
(DBN)

____________

Municipalities:

Why Detroit's Bankruptcy Spared Retirees
(DBN)

Fitch: Detroit and Stockton Rulings Raise Concerns About Bondholder Treatment
(DBN)

Arts: Detroit dodges a bullet, but must remain wary
(DBN)

It's Legal To Carry An Assault Weapon In America’s Most Violent City
(DBN)

Boardwalk Empire in Decline – A Recap on the Shuttering of Atlantic City Casinos and What’s Next for the Struggling City
(DBN)

Atlantic City seeks rebranding as an upmarket destination
(DBN)

Still No Clear Path Forward for East Cleveland Budget Woes, But Bankruptcy Remains on Table
(DBN)

On its own, San Bernardino continues to struggle
(DBN)

Opinions vary on how York should climb out of fiscal hole
(DBN)

____________

Celebs:

The Broke and the Beautiful: Stella! Edition
(DBN)

Desperate Teresa Giudice Makes Unbelievable Move to Avoid Prison
(DBN)

Antoine Walker opens up about bouncing back from bankruptcy
(DBN)

____________

Mass Torts:

Garlock: Hodges won't reopen estimation proceeding
(DBN)

Proposed fund for meningitis victims upped $35M --- Bankruptcy Plan Would Give $135M to Meningitis Victims
(DBN)

‘Rammed through’ asbestos bill could face constitutional challenge; Critics say it could impose unending liability
(DBN)

Proposed bankruptcy plan would require NECC partners to disgorge $50M
(DBN)

____________

Retailing:

RadioShack says lender invented allegations that it breached loan covenants
(DBN)

RadioShack to end 401(k) retirement matching plans
(DBN)

Sears posts $548 mln loss, doubles planned 2014 store closures --- Sears Q3 falls as company attempts turnaround
(DBN)

Sears' 3Q beats estimates—but hold the applause
(DBN)

Sears Can't Shake Burning Question: Will Cash Last Long Enough to Get Retailer Back on Track?
(DBN)

Deb Shops files for bankruptcy --- Retailer Deb Blames ‘Old, Tired Stores’ for Bankruptcy
(DBN)

These retailers could use some holiday cheer
(DBN)

____________

Construction:

Bankruptcy hearing held for Moyle Construction founder's LLC
(DBN)

____________

Food/Beverage:

Auction of Dahl's stores set for January
(DBN)

Bankruptcy Court Ruling Helps Anti-Union Grocer Slash Benefits and Pensions for 1,100 Workers
(DBN)

____________

Celebs:

Gone Are The Extravagant Gifts! Teresa Giudice Plans On Keeping The Christmas Celebrations Low Key This Year!
(DBN)

____________

Distressed Investing:

Consider These Points Before U.S. Distress Investing
(DBN)

____________

Shipping:

Did senior OW staff know of danger?
(DBN)

____________

Personal Finance:

A Salary Guide For Your 20s, 30s, And 40s
(DBN)

9 Financial Concepts Every Functioning Adult Should Know
(DBN)

____________

Aviation:

Ailing Malaysia Airlines Is Suspending Its Shares Later This Month
(DBN)

____________

Pensions:

A Strategy for Pensions at Risk of Extinction
(DBN)

____________

Non-Profits:

Chilling news from faltering charity - Thousands may be left without heat assistance
(DBN)

Scandal on Where Red Cross Donations Really Go
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Unexpired Leases:

If it Looks Like a Duck and Quacks Like a Duck, Then…: Kansas Bankruptcy Court Finds Car “Lease” is a Disguised Financing Based on Economic Realities of Transaction
(DBN)

____________

TBTF:

MetLife Said Near Systemic Label as Possible Legal Fight Looms
(DBN)

____________

Student Debt:

CFPB Official Speaks Loudly on Student Loans - Riles Some Lenders
(DBN)

8 ways seniors can ease student loan debt pain
(DBN)

____________

Golf:

Saginaw Golf Course goes bankrupt
(DBN)

____________

Skiing:

Treetops Resort in Gaylord seeks bankruptcy reorganization
(DBN)

____________

Oil/Gas:

Krugman: A Note on Oil Prices and the Economy
(DBN)

Why Crashing Oil Is Great For America
(DBN)

Shale oil In a bind
(DBN)

'Peak Oil' Debunked, Again
(DBN)

How Badly Will Texas Be Hit with $60 Oil?
(DBN)

U.S. Oil Reserves Hit 38-Year High
(DBN)

More than $150 billion of oil projects face the axe in 2015
(DBN)

Crude oil drops again on Saudi price cut; Brent below $70
(DBN)

For World's Oil Exporters, Falling Prices Have A Domino Effect
(DBN)

Plunging oil prices spell trouble for Alaska, America's own petro-state
(DBN)

Cheap oil points to mergers
(DBN)

Cheap oil could be good to these companies
(DBN)

Who's Afraid of Cheap Oil? - The Saudis know they cannot kill U.S. shale output, even if the news media don't
(DBN)

OPEC shale showdown fails to cut U.S. output
(DBN)

____________

Hotels:

Fast, free WiFi found to be most important consideration when booking hotel
(DBN)

____________

Religion:

Pastor calls for killing gays to end AIDS
(DBN)

____________

Sovereigns:

Argentina offers to pay local dollar bond early
(DBN)

Markets question economics on Argentina's Boden swap
(DBN)

Highland Capital makes concentrated bet on Argentina debt
(DBN)

____________

UK:

Banks the Target of Britain's Efforts to Curb Its Deficit
(DBN)

Too much space? Consider downsizing. Use of the CVA in UK insolvencies.
(DBN)

____________

EU:

Draghi Says ECB Will Reassess Stimulus Measures Next Year --- No Stimulus From The ECB Even As Europe's Growth Outlook Gets Slashed
(DBN)

ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase
(DBN)

___________

Germany:

German factory orders rise strongly in October in promising sign for 4th quarter
(DBN)

Germany Just Slashed Its 2015 Growth Forecast In Half
(DBN)

____________

Japan:

Bankruptcies caused by weak yen broke record in November
(DBN)

____________

China:

China's Bankruptcy Law Favors Small Creditors Over Large Ones
(DBN)

____________

Japan:

109-Year Old Glassmaker Driven to Bankruptcy by Abenomics
(DBN)

____________

Venezuela:

Falling Oil Prices Turn Up The Heat On Venezuela's Maduro
(DBN)

____________

Russia:

Putin Warns Russians on Hard Times Coming
(DBN)

____________


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