February 24, 2014

The Daily Bankruptcy News

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Law:

Layoff Watch: More About The Kasowitz Casualties
(DBN)

Firm Entry-Level Hiring Little Changed: Business of Law
(DBN)

Best Classes For Biglaw
(DBN)

Jobs Open Up for Law-School Grads
(DBN)

Phantom Income' Haunting Ex-Howrey Partners
(DBN)

Choosing A Law School Based On Scholarships
(DBN)

Make The Time To Be Remarkable
(DBN)

Which law firm is the oldest in the United States?
(DBN)

Library Services Survey Results: Paper is Out Apple Devices Are In
(DBN)

ABA asks NSA to explain how intelligence agency deals with attorney-client privilege
(DBN)

Lawyer on trial for girlfriend’s murder blames his parents, ‘intermittent explosive disorder’
(DBN)

‘Give This Man A Federal Judgeship’: A Review Of ‘The Nominee’ By Leslie Southwick
(DBN)

Do Frat Bros Owe Others A Duty Of Care Not To Fire Bottle Rockets Out Of Their Butts?
(DBN)

Corporate lawyers can be divided into ‘grinders, minders and finders’
(DBN)

5 Essential Men's Shoes For Work And Play
(DBN)

The Best Android Productivity Apps for Lawyers
(DBN)

Red Light Camera Exec: I Bribed Officials
(DBN)

Police Dashcam Video Saves Man From False Charges Of Eluding Police, Resisting Arrest
(DBN)

Wealthy Drunk Driver Offered Cops Insane Bribes Not to Arrest Him
(DBN)

Solicitor posed as American 'surfer dude' on internet to exploit girl, 13
(DBN)

Muslim solicitor's career in ruins after she lied then tried to have trial in secret for 'cultural reasons'
(DBN)

Man says female Hardee's boss made s-- a requirement of job
(DBN)

The Most Ridiculous Laws In Each Of The 50 States
(DBN)

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Judges:

Benchslap Of The Day: Just. Produce. The Documents!
(DBN)

Rhodes keeps people in mind
(DBN)

9th Cir. Seeks Comments On Reappointment Of ED CA Bankruptcy Judge
(DBN)

Beset by fashion police, workers protest courthouse dress code: ‘Don’t hate, we look great!’
(DBN)

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Wall Street:

US stock futures trade in narrow range
(DBN)

Wall Street dips with S&P 500's record high in sight
(DBN)

Goldman: Here Are 23 Stocks Hedge Funds Are Shorting Like Crazy
(DBN)

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Layoffs:

Report: RBS To Shed Up To 30K Jobs This Year
(DBN)

Here's What's Really Going On With Baby Boomers And The Labor Force
(DBN)

How To Ace The Job Interview
(DBN)

The 100 Best Jobs
(DBN)

How To Dodge The Past Salary Question In An Interview
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

County enters fray after hospital bankruptcy
(DBN)

Insurers Face Steeper Cuts in Medicare Reimbursement --- Humana, UnitedHealth May Face 3.55% Advantage Rate Cuts
(DBN)

New Fed study says health reform can reduce financial stress
(DBN)

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Food/Beverage:

Sbarro's Suffers from The Food Court Recession
(DBN)

What Sbarro's Woes Say About Where We Get Our Fast Food Now
(DBN)

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Television:

Judge: Astros, Rockets and Comcast should focus more on network and less on lawsuits
(DBN)

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Electricity:

TXU/Energy Advisers Bankruptcy: Commodity Price Reality Bites
(DBN)

Banks Take Another 'Piece of Flesh' of Texas Utility
(DBN)

Energy Future Holdings reportedly near bankruptcy
(DBN)

KKR’s $45 Billion 2007 LBO Energy Future Holdings May Now Be Close To Bankruptcy
(DBN)

The Bankruptcy Big Ten Prepares For a New Entrant
(DBN)

Bankruptcy won't turn off lights for TXU customers
(DBN)

Curtain Coming Down on Energy Holdings
(DBN)

The death of private equity's largest deal --- Energy Future Holdings — Private Equity's Biggest Deal Flops
(DBN)

Report: EFH bankruptcy near after creditor talks fail
(DBN)

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Banking:

Digging deeper into Fifth Third mistake
(DBN)

Little Falls Credit Union Liquidated as FBI Investigates
(DBN)

Deutsche Bank to slash U.S.-based assets by $100 billion
(DBN)

OCC Issues Guidance Regarding Secured Consumer Debt Discharged In Bankruptcy
(DBN)

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Museums:

At the Corcoran, a history of big mistakes
(DBN)

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Brokers:

Trustee Seeks to Question Peregrine’s Imprisoned Founder
(DBN)

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Personal Finance:

Signs You Should Quit Your Job
(DBN)

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Metals:

Ormet Is Looking to Sell Smelter
(DBN)

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Agriculture:

California Farm Drought Crisis Deepens
(DBN)

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Debt Collection:

Third Party Debt Collection Accounts and Balances Rise in Q4
(DBN)

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Economy:

Transcripts show Fed at times slow to grasp crisis --- Fed Failed to See Lehman’s Fallout for Economy, Transcripts Show --- A chronicle of uncertainty, then bold action --- As 2008 economic disaster loomed, Yellen first for aggressive action --- Bernanke Fed Knew Not Saving Lehman In 2008 Was A Bet It Might Lose --- So Bernanke Could Have Saved Lehman --- Some dramatic quotes
(DBN)

She Saw It Coming...
(DBN)

Can Yellen push S&P 500 to a record high?
(DBN)

Can The Fed Stop The Next Recession? Business Can't Bank On It
(DBN)

Bullard Says He May Push Back Forecast for Rate Increase in 2014
(DBN)

The Minimum Wage Debate Should Be About Poverty Not Jobs
(DBN)

The WhatsApp Deal Is Everything Wrong With The US Economy
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US home sales plunged 5.1 percent in January
(DBN)

Rising Values Hindering Affordability
(DBN)

The Town With The Most Expensive Rents In America
(DBN)

Why The Weakness In The Housing Market Is Probably Temporary
(DBN)

___________

Municipalities:

Key points in Detroit bankruptcy plan of adjustment --- Orr details Detroit's plight to Philly crowd: 'The people ... were ready for a change' --- Detroit retirees say bankruptcy plan would send 20 percent of pensioners into poverty --- Detroit Outlines Map to Solvency, Stressing Repair --- Detroit plan of adjustment gives bondholders 80% cut --- Detroit pensioners face up to 34% cut, loss of cost of living --- Detroit's bankruptcy exit plan includes pension cuts, millions for blight removal --- Detroit is seeing the light to recovery, but it can't be just a flash --- First full road map for leaving historic bankruptcy case --- Detroit bankruptcy plan faces widespread backlash --- Mayor, council president call Detroit's bankruptcy plan a 'sober reality check' --- What could derail Kevyn Orr's plan? --- City, state leaders share mixed reaction to bankruptcy plan --- Union: Detroit Restructuring Plan 'A Gut Punch To City Workers' --- A look at the effects of Detroit's bankruptcy plan on some key people and places --- Detroit Offers Plan to Crawl Out of Bankruptcy
(DBN)

A Clear-Eyed Look At What Detroit Needs To Survive
(DBN)

Detroit's bankruptcy plan spares pensions from deepest cuts
(DBN)

Bondholders, unions object to cuts in Detroit restructuring plan
(DBN)

Plan of Alternatives: Anti-EM groups respond to city
(DBN)

Orr's Detroit bankruptcy plan puts pressure on pensioners, state, to ante up --- Detroit bankruptcy proposal leaves pensioners angry, confused
(DBN)

Detroit Needs Global Deal to Get Money for Bankruptcy
(DBN)

Detroit proposes a lose-lose bankruptcy plan
(DBN)

Kevyn Orr opponents offer Detroit alternative bankruptcy plan based on 'needs of the people'
(DBN)

The Plan --- Disclosure Statement
(DBN)

Detroit's Plan Submission -- Now What? --- Where does Detroit's Chapter 9 go from here?
(DBN)

Free Press To Snyder: 'It's Unacceptable' To Cut Pensions
(DBN)

State funds for Detroit pension-DIA deal likely to come with strings
(DBN)

Bankruptcy plan explores collecting taxes from residents working outside Detroit
(DBN)

Detroit Bankruptcy Exit Has `A Ways to Go': Ridley
(DBN)

Here's How Detroit's Plan To Restructure Its Debt Will Affect Residents
(DBN)

Charles Pugh Scandal Not Going Away: Teen Starts Legal Action Against Ex-Mentor
(DBN)

Detroit art museum hails plan to get control of city-owned art in bankruptcy case --- Detroit filing backs DIA rescue plan
(DBN)

Federal appeals court agrees to accept appeals to Detroit bankruptcy eligibility
(DBN)

Detroit Bankruptcy Funding Hinges on Creditor Settlement
(DBN)

Detroit EM Kevyn Orr: Pension cuts in bankruptcy plan 'very, very, fair' --- In Orr’s Words: Excerpts from the EM’s Statement
(DBN)

Kevyn Orr’s press conference in 24 tweets
(DBN)

Detroit police feel pain of city's financial collapse
(DBN)

No deal: Suburbs say can't trust Detroit in water system negotiations
(DBN)

Orr's artful plan won't spare Detroiters a difficult decade
(DBN)

Editorial: Too much pain for pensioners; governor has obligation to make benefits whole
(DBN)

Editorial: Orr's bankruptcy relief plan is as good as it'll get
(DBN)

Judge challenges ministers to support the Wright museum
(DBN)

Timeline: The road to Detroit's bankruptcy
(DBN)

Back to the ( Bankruptcy ) Drawing Board for California Towns?
(DBN)

Stockton: City disputes Moody's warning
(DBN)

The Best City to Move To
(DBN)

____________

Student Debt:

$1 Trillion Student Loan Problem Keeps Getting Worse
(DBN)

Elizabeth Warren to introduce student loan refinancing legislation
(DBN)

____________

Fraud:

Madoff US victim fund extends deadline --- Over 9,000 claims
(DBN)

Ex-Madoff aide on trial in N.Y. wins dismissal of two counts
(DBN)

The Second Circuit Upholds Madoff Trustee’s Release of Derivative Claims
(DBN)

Swiss bank to pay US regulator $196m fine
(DBN)

Accused Insider Trader Says He Didn't Know His Dad's Name
(DBN)

A Former Investment Banker Allegedly Tried To Pay His Child Support By Insider Trading
(DBN)

Sentinel’s Bloom Argues He Was Early Victim of Collapse
(DBN)

____________

Celebs:

Mel Gibson’s baby mama Oksana loses settlement money due to two words
(DBN)

____________

Oil/Gas:

Tuscany Bankruptcy: No Unsecured Creditors’ Committee Formed
(DBN)

Foreign Company Tries To Seize U.S. Land For Pipeline
(DBN)

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Pensions:

Panel Seeks Greater Disclosures on Pension Health
(DBN)

____________

Museums:

Museums Will Take The Shirt Off Your Back, But Will They Return It?
(DBN)

____________

Autos:

Automakers Deep in Corporate Welfare Trough
(DBN)

Automakers Worry About UAW Money Woes
(DBN)

Woes of Megacity Driving Signal Dawn of ‘Peak Car’ Era
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 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:

Bankruptcy filings continue three-year slide in Ohio, US
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Safe Harbors:

Cert Petition Asks SCOTUS To Look At Safe Harbor Rule
(DBN)

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Miscellaneous:

The Week Ahead in Bankruptcy
(DBN)

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Sales:

Bankruptcy Sales: “Free and Clear”… Or Not
(DBN)

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Appeals:

Bankruptcy Appellate Panel for Eighth Circuit Reaffirms It Is Not the Forum for Debtors in Pending Bankruptcy Cases to Take Second Bite at the Apple
(DBN)

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Finance:

Safeguarding lenders' entitlement to make-whole payments in bankruptcy
(DBN)

____________

Cross-Border:

Cooperation and Tolerance in Chapter 15
(DBN)

____________

Claims Trading:

Cash Out Early or Go All In? - What creditors need to know before they sell a bankruptcy claim
(DBN)

____________

TBTF:

Fannie Mae payments to US to exceed bailout
(DBN)

Make Banks Safer: Tax Them
(DBN)

____________

Litigation:

Lawyers Spar Over Discovery Rule Changes
(DBN)

In Case You Missed It: ABA Working Group Publishes “Best Practices Report on Electronic Discovery (ESI) Issues in Bankruptcy Cases”
(DBN)

____________

Alternative Energy:

Bankrupt Solar-Panel Maker Suntech Seeks Protection in US
(DBN)

____________

Telecoms:

Ergen Fund Objects to LightSquared Reorganization Plan --- Ergen balks at treatment under LightSquared's restructuring plan
(DBN)

Clock ticks on Ergen, Falcone fight for LightSquared
(DBN)

LightSquared Plan Pushes Ergen to Give In or Risk $1 Billion
(DBN)

____________

Mass Torts:

Maine-based railroad to emerge from bankruptcy with new name
(DBN)

Freedom moves lawsuits to federal court
(DBN)

In bankruptcy hearing, Freedom hints at eventual shutdown --- Freedom Industries to shut down 'sooner rather than later'
(DBN)

Freedom executives due in court Tuesday for creditors' meeting
(DBN)

___________

Aviation:

Should MAS file for bankruptcy ?
(DBN)

Pilot unions at American Airlines, US Airways at odds over seniority integration
(DBN)

____________

Mail:

The Incredible Change That Could Save the Postal Service
(DBN)

____________

Sovereigns:

Argentina Seeks to Overturn Second Circuit Debt Ruling
(DBN)

____________

UK:

Concerns over Insolvency Service strategy
(DBN)

____________

EU:

Eurozone inflation stable at low level in January
(DBN)

____________

PIIGS:

Moody's upgrades Spain's rating one notch with positive outlook --- Eligibility Conditions for Discharge Under the New Spanish Personal Insolvency Regime --- Spanish Bonds Rise After Draghi Comments; German Bunds Decline
(DBN)

Bailout inspectors back in Greece
(DBN)

There's A New Kind Of Housing Crisis In Ireland
(DBN)

____________

UK:

Pregnant Kerry Katona 'moves into £3,000 a month mansion' despite being bankrupt for second time
(DBN)

____________

Austria:

Austria should stand by Hypo creditors: Nowotny
(DBN)

____________

China:

China’s Biggest Ghost City - Even Crazier Than People Think
(DBN)

____________

Ukraine:

Germany's Steinmeier: Bankrupt Ukraine Would Be a Burden Too Big for Russia, EU
(DBN)

EU warns west must be ready to rescue Ukraine
(DBN)

Volatile Ukraine teeters on brink of bankruptcy
(DBN)

Ukraine's economy more fragile than its uneasy peace
(DBN)

S&P downgrades Ukraine again over default fears
(DBN)

Ukraine Needs $35 Billion To Function For Two Years
(DBN)

Wanted For Mass Murder
(DBN)

____________

Jamaica:

Editorial - More flexibility in bankruptcy law
(DBN)

____________

 

 

 

 

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