February 6, 2014

The Daily Bankruptcy News

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Law:

Lawyer Who Helped Build Skadden Bankruptcy Practice Headed to Hilco --- AMR Merger Lawyer Jack Butler Leaves Skadden for Hilco --- Skadden bankruptcy guru Butler moves to liquidation shop --- Well-known Chicago bankruptcy lawyer is on the move
(DBN)

 

Lawyer won’t have to pay $1M to law student after making a hyperbolic challenge in TV interview
(DBN)

Which firms hired the most lateral partners? And is it ‘doing a lick of good’?
(DBN)

Business of Law --- Business of Law (2)
(DBN)

The $160K-Plus Club: A Boutique With Biglaw-Beating Bonuses
(DBN)

As Admissions Standards Decline, Do Law Schools Need More Security?
(DBN)

How I Learned To Stop Worrying And Love Doc Review
(DBN)

Counsel's Privilege Ends After the Company's Sold
(DBN)

GCs Driving In-House Change, Global Trends
(DBN)

Associates are happier with more responsibility, firm’s founding partner says
(DBN)

Socialized law? Cap legal spending by rich and subsidize it for poor, essay says
(DBN)

What’s Wrong With You, Lawyers?
(DBN)

Biglaw Associate Accused In ‘Three-Year Reign Of Terror’ Against Ex-Girlfriend
(DBN)

What You Never Hear
(DBN)

Major Canada firm makes staff layoffs, plans restructuring amidst attorney defections
(DBN)

Escaped Fugitive Caught In California After 37 Years On The Run --- Wintry weather led to arrest of woman for 1977 prison escape while serving time in shoplifting case
(DBN)

Feds: NSA 'Probably' Spies on Members of Congress --- Has Wiretapping Violated Attorney-Client Privilege?
(DBN)

New Afghan Law: Men, Prepare to Beat Women
(DBN)

Report: Bieber's pilots wore oxygen masks flying singer's pot plane
(DBN)

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Judges:

Judge Fired After Ordering Baby's Name Be Changed From 'Messiah'
(DBN)

Bankruptcy Judges Not Required to Settle Back Pay Suit
(DBN)

Is This Place Open Or Closed? Wintry Mixed Messages From An Indecisive Court
(DBN)

Judge Judy Lectures Deadbeat Boyfriend for Stealing Taxpayer Cash
(DBN)

Judge on trial for battery in dog-waste dispute could face new charge
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

Markets Around The World Are Rallying
(DBN)

Stocks fail to gain traction, close slightly lower --- Mixed finish for US stocks
(DBN)

Turnabout on Global Outlook Darkens Investor Mood
(DBN)

22 Phrases Only Wall Streeters Will Understand
(DBN)

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Layoffs:

Services Take the Lead in January Hiring
(DBN)

ADP optimistically predicts flat job growth
(DBN)

CBO: US Labor Market to Recover Slowly
(DBN)

Job Tenure Has Remained Stable Over Time - Except For Men --- More Men in Prime Working Ages Don't Have Jobs
(DBN)

Volvo to more than double job cuts after weak quarterly earnings
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Natchez Regional Medical Center Files for Bankruptcy Again
(DBN)

Adams County Supervisors ‘upset’ with Natchez Regional Medical Center bankruptcy
(DBN)

Bill needed for hospital filing
(DBN)

Defunct Vt. Health Co-Op targeted by US House committee
(DBN)

LabCorp Approved as Lead Bidder for MedLab Assets
(DBN)

Nursing Home Workers Forced to take 4.4% Pay Cut
(DBN)

Westchester Medical Center will make a bid for Saint Francis
(DBN)

The good, bad and ugly of CBO’s new Obamacare projections --- Yes, Obamacare will probably downsize the workforce. Economists explain why --- Will Obamacare Kill Jobs?
(DBN)

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Personal Finance:

4 Personal Finance Questions Everyone Should Be Able To Answer
(DBN)

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Tax:

Stockholder Held Personally Liable for Failure of Insolvent Company to Pay Federal Taxes
(DBN)

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Retailing:

JCPenney shares tank as CEO touts holiday sales
(DBN)

J.C. Penney almost a penny stock
(DBN)

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Pensions:

PBGC to take over Constar pension fund in sale
(DBN)

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Telemarketing:

Trustee appointed in bankruptcy of ex-Telatron owners
(DBN)

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Economy:

When time to tighten, Fed's Plosser worries about falling behind --- Fed's hawkish Plosser wants sharper QE cuts
(DBN)

CBO: Expect slower growth this decade — and, as a result, higher deficits
(DBN)

Interest on U.S. debt to quadruple
(DBN)

Fitch Splits With Moody's on U.S. Debt Ceiling Resolution
(DBN)

GOP to Abandon Debt Ceiling Demands
(DBN)

ISM Non-Manufacturing Index increases to 54.0 in January
(DBN)

ADP: Private Employment increased 175,000 in January
(DBN)

Americans lead the world in gambling losses
(DBN)

Is Upward Mobility in America a Fantasy?
(DBN)

America's War on Poverty Moves to the Suburbs
(DBN)

The Great Recession was terrible. But it did make us smarter.
(DBN)

The 16 Most Powerful Members Of 'Skull And Bones'
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Rates Hit Three-Month Low --- MBA: Mortgage Applications Increase Slightly
(DBN)

Economists: Home Market Gains in 2014 Hinge on Job Growth
(DBN)

Homes Listed for Sale Jumped in These Six Markets
(DBN)

Q4 2013 GDP Details on Residential and Commercial Real Estate
(DBN)

AIG demands stay in $8.5 billion Bank of America ruling
(DBN)

JPMorgan Joins Morgan Stanley in Settling U.S. Mortgage Lawsuits
(DBN)

Congress Should Stop Shoring Up Beach Homes
(DBN)

Problems Linger in Mortgage Servicing, CFPB Says in Supervisory Highlights Report
(DBN)

Hedge Funds Preparing for $1 Trillion Property Bill
(DBN)

How America's New Tallest Apartment Building Will Stay Upright
(DBN)

7 Home-Buying Mistakes Almost Everybody Makes
(DBN)

16 Depressing Photos Of America's Latest 'Dead' Shopping Mall
(DBN)

Founder of Bankrupt Real Estate Firm Indicted For Scheme That Lead to Over $110 Million in Losses
(DBN)

Citi to Pay $110M for Mortgage Ins. Scam
(DBN)

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Municipalities:

Report Details Work Behind Detroit's Big Bankruptcy Bills
(DBN)

Michigan governor's budget includes money for Detroit pensions
(DBN)

Detroit Put In Pretty Minimal Effort to Avoid Its Debt Ceiling
(DBN)

Detroit's bankruptcy fees near $14 million, and counting
(DBN)

Detroit’s bankruptcy has Skillman Foundation rethinking investments
(DBN)

Voters in bankrupt San Bernardino sweep old guard from power --- A seismic shift in San Bernardino?
(DBN)

Bankrupt San Bernardino Shows The Rest Of California The Way
(DBN)

California's Drought in Two Terrifying Charts --- California Drought Leaves Dark Clouds --- CA: House Water Bill Exposes Partisan Divide --- Californians Brace for Year of Mega-Drought
(DBN)

Puerto Rico ‘Disappointed’ With S&P Junk Downgrade --- Puerto Rico Yields Fall to 2-Month Low as Debt Sale Awaited --- Puerto Rico debt prices mixed after junk-bond rating
(DBN)

____________

Banking:

Small Banks Face TARP Hit
(DBN)

New York regulator demands documents from banks in foreign exchange probe
(DBN)

Credit Suisse Profit Misses Forecasts
(DBN)

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Financial Privacy:

Retailers to Congress: There’s no end in sight for credit card breaches
(DBN)

Target hackers broke in via the air conditioner?
(DBN)

Busting the world's most prolific credit card hacker
(DBN)

____________

Fraud:

The Next Questions For Indicted SAC Trader Mathew Martoma: Did He Defraud Stanford And Will Stanford Revoke His MBA?
(DBN)

Govt indicts owners of real estate ‘Ponzi scheme’ that cost investors $110M
(DBN)

Ex-lawyer disbarred for $1B scheme testifies in shackles for former colleague facing wire fraud case
(DBN)

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Alternative Energy:

Why Would Anyone Want Fisker? In a Word: Patents
(DBN)

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Mass Torts:

W.R. Grace, the new bankruptcy king
(DBN)

USDOJ: W.R. Grace Pays Over $63 Million Toward Cleanup and Restoration of Hazardous Waste Sites in Communities Across the Country
(DBN)

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Auto Racing:

Speedway bankruptcy case takes a new turn
(DBN)

____________

Electronics:

Sony: We're Getting Out Of PCs, Spinning Off TVs, Cutting 5,000 Jobs, And Losing $1.1 Billion
(DBN)

____________

Consultants:

Here's What Consultants Actually Do All Day
(DBN)

____________

Television:

CSN Houston Safe for Now, Deserves to Survive
(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 (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:

Return of the Z
(DBN)

Buffalo-area bankruptcy filings fall 13 percent in January
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

Credit Bidding and the Clash of Old and New Bankruptcy
(DBN)

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Miscellaneous:

The Year in Bankruptcy: 2013 --- Highlights of 2013 --- Top 10 Bankruptcies of 2013 --- Notable Business Bankruptcy Decisions of 2013 --- Notable Exits From Bankruptcy in 2013
(DBN)

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Surcharge:

No Surcharge for You: Third Circuit Rules That Section 506(c) Surcharge Is "Sharply Limited"
(DBN)

____________

Turnover:

Ninth Circuit Declines to Follow Eighth Circuit in Setting the Boundaries of the Trustee’s Turnover Power Under Section 542(a)
(DBN)

____________

Avoidance Actions:

Don’t Settle a Preference Case on the Basis of Unpaid New Value
(DBN)

____________

Recent Pleadings:

UST Says McGuire Woods May Be Too Cozy In Freedom Case
(DBN)

______________

Mail:

Why the Post Office needs to compete with banks
(DBN)

____________

Religion:

UN To Vatican: Turn Over Pedophile Priests To Police
(DBN)

____________

Celebs:

Ex-Red Sox Pitcher Curt Schilling Diagnosed With Cancer
(DBN)

Reality TV Star Lauren Conrad Gave The Best Answer When Asked, 'What's Your Favorite Position?'
(DBN)

____________

Weather:

Is winter's snow really burying the economy?
(DBN)

Storm causes flight cancellations, driving nightmare
(DBN)

The Northeast Is Running Out Of Salt
(DBN)

New York declares weather emergency
(DBN)

____________

Food/Beverage:

Booming restaurant segment eating rivals’ lunch
(DBN)

____________

UK:

Leeds United could face bankruptcy after main sponsor issues winding-up petition over an alleged unpaid debt
(DBN)

Bannon scoops national insolvency award
(DBN)

Cross border insolvency proposals approved
(DBN)

____________

EU:

European Parliament backs Commission proposal to give viable businesses a 'second chance'
(DBN)

European Union backs cross-border insolvency proposals
(DBN)

____________

PIIGS:

The New Irish Split Mortgage Solution for Underwater Homeowners --- Flynn and IBRC liquidators near mediation deadline
(DBN)

Spanish bankruptcies hit record in 2013
(DBN)

____________

Canada:

Canada, US Reach Tax Deal -- Officials
(DBN)

____________

China:

Pimco's Bill Gross Says He Avoids China 'Mystery Meat'
(DBN)

Philippine Leader Sounds Alarm on China
(DBN)

____________

Russia:

You can't flush toilet paper in Sochi --- The Rooms In The Sochi Olympic Village Are Ridiculously Plain --- Sochi hotels are, well, kinda gross --- Residents Ordered to Surrender Their Pillows to Athletes --- Stranger Enters WSJ Reporter's Room in Middle of Night --- All Visitors Immediately Hacked --- Journalists at Sochi are live-tweeting their hilarious and gross hotel experiences --- Nightmare Travel Stories --- Feds Warn Sochi Flights About Toothpaste Bombs
(DBN)

Debt threshold for personal bankruptcy filing in Russia to increase to $8.5k
(DBN)

____________

Mongolia:

Bad Debt at Mongolian Bank Sours Credit Suisse, Abu Dhabi
(DBN)

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