July 14, 2014

The Daily Bankruptcy News

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Law:

Voluntary Buyout Watch: Biglaw Firm Seeks To Thin The Herd
(DBN)

The Best Law Firms To Work For (2015)
(DBN)

Number of LSAT Test Takers in June Falls to 14-Year Low
(DBN)

Things Are Looking Up for In-house Counsel Hiring
(DBN)

Manhattan Prosecutor Asks Judge to Halt Dewey Civil Suit --- Dewey Defendants Slam Partners' 'Voracious Greed'
(DBN)

Unfinished Business: And The Winner Is . . .
(DBN)

Christine Lagarde, IMF and ex-BigLaw chief, talks about women and leadership
(DBN)

Lessons From Non-Traditional Law Grads
(DBN)

Business of Law
(DBN)

Magic circle sees UK market share shrink as global consolidation takes hold
(DBN)

Are Law Professors (And Lawyers) Playing Baseball When We Should Be Playing Soccer?
(DBN)

Court Explains Fair Use To Lawyers Who Sued Westlaw & LexisNexis
(DBN)

‘Dark triad’ of personality traits, in small amounts, can benefit ambitious workers, study says
(DBN)

Lawyers Responding to Negative Online Reviews Tread Tricky Path
(DBN)

Attorney fears claimed lawyer impersonation, using his name and bar number, isn’t the only one
(DBN)

This Lawyer Just Wrote The Best Smackdown Letter
(DBN)

A Look At Associate Compensation In The 1990s (Part 2)
(DBN)

Law Schools Peer Into The Abyss, But The ABA Blocks Serious Change
(DBN)

A Probe of How Firms Won Libyan Business – The Short Answer
(DBN)

Dems tap witnesses in possible Boehner lawsuit --- Boehner's Obama Lawsuit is a Loser --- Here are a few other things Boehner could sue Obama for
(DBN)

15 Apps For Your iPhone That Are Better Than The Ones Apple Made
(DBN)

The Best Computer Monitor Setup for Lawyers
(DBN)

iPads May Be The Cause Of Itchy, Allergic Rashes
(DBN)

LinkedIn: The Magic Bean Strategy Will Fail
(DBN)

A Bigger Screen Might Not Be The Most Desired iPhone 6 Feature After All
(DBN)

What To Do If You Forget Someone's Name Immediately After Meeting Them
(DBN)

Why Impatient Kids Are More Likely To Grow Up Criminals
(DBN)

Men Arrested For Allegedly Smoking Heroin In A Chuck E. Cheese Bathroom
(DBN)

US Jails Are Struggling With Role As Makeshift Mental Asylums
(DBN)

Man Busted, Despite Top-Shelf Protectors
(DBN)

Utah Man Arrested In Bomb Plot To Cause An Uprising Against The Government
(DBN)

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Judges:

Bankruptcy filing shows dueling domiciles for judge
(DBN)

An interview with Judge Richard A. Posner
(DBN)

Dumb Broad Judges Ruin Sports Best
(DBN)

Scalia Calls Thomas ‘A Nut’
(DBN)

The Roberts Court: Playing the Long Game
(DBN)

Did You Hear the One About the Appellate Lawyer?
(DBN)

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Wall Street:

US futures rise as sentiment improves; Dow Jones up 0.33%
(DBN)

Stocks close down for week
(DBN)

22 Strange Interview Questions That Wall Street Firms Ask
(DBN)

Goldman: We Think These 22 Stocks Will Beat Earnings Expectations
(DBN)

Empty Floors Fray Traders' Nerves
(DBN)

______________

Layoffs:

Pentagon - Pink Slips to Thousands of Soldiers
(DBN)

A federal agency is about to answer the question: Who do you actually work for?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Awards:

Nancy Mitchell and Nancy Peterman Named ‘Top 100: Restructuring & Turnaround Professionals’ by Global M&A Network
(DBN)

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Celebs:

The Broke and the Beautiful: Crummy Edition
(DBN)

Teresa Giudice's Legal Problems Should Make for an Intense 'RHONJ' Season 6 --- Teresa Giudice, Joe Giudice Face Prison, 39 Count Indictment, Deportation?
(DBN)

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Personal Finance:

17 Tips For Making Your Money Last A Lifetime
(DBN)

25 Ways to Improve Your Finances
(DBN)

Here's What To Consider Before Trying To Make Money From Airbnb
(DBN)

Ways You're Already Wrecking Your Retirement
(DBN)

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Financial Literacy:

Are You More Financially Literate Than A 15-Year-Old?
(DBN)

____________

Fraud:

Former head of giant US pension fund pleads guilty to bribery, fraud
(DBN)

CalPERS Ex-CEO Buenrostro Guilty Plea Explains Why Bankers Make So Much Money
(DBN)

____________

Telecoms:

Harbinger sues US govt over wireless company LightSquared -report
(DBN)

____________

Nonprofits:

Nebraska service provider seeks bankruptcy shield
(DBN)

____________

Auto Racing:

Speedway auction set for July 24
(DBN)

____________

Politics:

State Sen. Sean Nienow files for bankruptcy ; owes $900K
(DBN)

____________

Autos:

Prosecutors reportedly building fraud case against GM --- Feds may nail General Motors for 'criminal fraud' --- Prosecutors' case against GM focuses on misleading statements
(DBN)

Some victims get nothing from GM's compensation plan
(DBN)

Who needs insurance? GM paying victims on its own.
(DBN)

Stile Bertone Declared Bankrupt , Assets Go Up For Sale
(DBN)

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Currency:

Bitcoin and Bankruptcy: Understanding the Newest Potential Commodity
(DBN)

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Private Equity:

A fee too far
(DBN)

____________

Opera:

Bankruptcy threatens New York opera
(DBN)

____________

Tax:

Supreme Court Clarifies Severance Payment Tax Rules
(DBN)

Corporate Tax Dodgers Leave Us to Foot the Bill
(DBN)

____________

Economy:

This Week's Big Economic Events
(DBN)

Fed’s Evans: Inflation Over 2% Not Necessarily a Catastrophe --- Fed’s Lockhart: Still Sees First Fed Rate Boost Some Time in 2015 --- Fed’s Plosser: Federal Reserve Must Prepare Markets for Rate Increases --- Plosser Says Fed Must Consider Higher Rates as Policy Goals Edge Closer
(DBN)

Central Bank Exec: The World Is Vulnerable Like 2007, Stocks Are Irrational, And China Is Poised To Crash
(DBN)

Americans Still Skeptical of Economic Forecasts
(DBN)

It’s not your imagination: millennials really are living in their parents’ basements
(DBN)

Inequality Is Forcing US Towns To Try Scandinavia-Style Taxation — And It's Working
(DBN)

Economists Predict GDP Growth After Decline in Early 2014 - Low probability for a recession in 2014 or 2015
(DBN)

Wage Inflation Is Coming
(DBN)

Stocks Are Not The Economy
(DBN)

This Year's Deficit Will Probably Be The Smallest Since 2008
(DBN)

The Government Just Posted Its First Four-Month Budget Surplus In Years
(DBN)

Two More Signs Of A Strong Economic Recovery...
(DBN)

Corporate America Is Still Finding Ways To Cut Costs
(DBN)

The Rate At Which Americans Move Has Been Falling For Decades
(DBN)

Piketty's Failure to Account for Tax Law Changes Makes His Wealth Inequality Claims Worthless
(DBN)

Facts About The World Economy That Every Investor Should Know
(DBN)

College Kids OK Because Others Doing Worse
(DBN)

A ‘nationwide gentrification effect’ is segregating us by education
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Citigroup Mortgage Accord Includes $2.5 Billion Relief
(DBN)

The Cities Where Middle-Class Homebuyers Are Screwed
(DBN)

Cities with the Most Abandoned Homes
(DBN)

LeBron James Just Showed How To Solve The US Housing Crisis
(DBN)

Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in June
(DBN)

Existing Home Sales: Lawler vs. the Consensus
(DBN)

Real Estate Firm Accused Of Trying To Evict A 98-Year-Old Woman Will Let Her Live There For Free
(DBN)

___________

Municipalities:

Deadline passes for thousands of creditors in Detroit bankruptcy --- Last Votes Cast Over Plan to Lift Detroit From Bankruptcy --- Pensioners appear to say yes to grand bargain --- Crucial bankruptcy debt-cutting plan reportedly being approved by Detroit retirees --- Final ballots 'extremely unlikely' to trip up Detroit's grand bargain
(DBN)

Bond Insurer Takes On Detroit
(DBN)

Judge Will Hear Objections From The Public On Bankruptcy Plan
(DBN)

Detroit: It is an amazing accomplishment
(DBN)

Orr: Duggan, City Council are ready to run Detroit
(DBN)

Hedge funds swoop in to profit off Detroit debt
(DBN)

One year into bankruptcy, a grand coalition emerges to move Detroit forward
(DBN)

A year into bankruptcy — hope, frustration in Detroit neighborhoods
(DBN)

Court of Appeals Mandates Expedited Appeal to Keep Detroit’s Plan Confirmation on Track | Wiley On Bankruptcy
(DBN)

Detroit dodges a bankruptcy bullet --- Federal judge: Insurer can't trap Detroit's casino revenue
(DBN)

The Post-Post-Apocalyptic Detroit
(DBN)

New cooperative tone helps Detroit weather bankruptcy
(DBN)

Detroit bankruptcy time line
(DBN)

Who's who in Detroit's bankruptcy
(DBN)

The language of Detroit's bankruptcy
(DBN)

The 'rest of the story' on Detroit's bankruptcy
(DBN)

Detroit Bankruptcy , An Unique Opportunity To Transfer Wealth, Assets
(DBN)

Sparton recovers after move, but hometown Jackson, Michigan suffers
(DBN)

Atlantic City Is Doomed
(DBN)

Stockton: Watching and waiting
(DBN)

Stockton bankruptcy judge seeks final answer on pension status
(DBN)

Puerto Rico Luring Hedge Funds on Record Price Drop
(DBN)

5 of the worst cities to find employment
(DBN)

____________

Gambling:

Report: The Trump Casino In Atlantic City Is Expected To Close
(DBN)

Casino shutdown to hit Atlantic City
(DBN)

Revel Reaches Deal With Creditors to Start Sale Process
(DBN)

A.C. casino closings have employees reeling
(DBN)

Pink slips expected today for Trump Plaza workers
(DBN)

____________

Banking:

Unofficial Problem Bank list unchanged at 465 Institutions
(DBN)

____________

Food/Beverage:

Crumbs lives to bake another day --- New life for Crumbs cupcakes
(DBN)

Crumbs Bake Shop To Reopen Under Dippin' Dots Owner
(DBN)

Pink Elephant Declares Bankruptcy , Fights To Keep Space
(DBN)

____________

Corporate Reform:

The Huge US Fines On Foreign Banks Are Having The Intended Effect
(DBN)

Reports: Citigroup to detail $7B settlement
(DBN)

Behind the Scenes of Citigroup's $7 Billion Settlement --- How a Raid in Benghazi Helped Shape Citigroup's $7 Billion Settlement
(DBN)

Top banks have paid $100B in fines
(DBN)

ACE Cash Express Fined for Predatory Loans
(DBN)

____________

Education:

Dozens of U.S. colleges were just downgraded by Moody’s
(DBN)

Flunking Out, at a Price
(DBN)

Davis Seeks Protections for Military in For-Profit Colleges
(DBN)

Wisconsin International School files for bankruptcy
(DBN)

____________

Healthcare:

Transparency still needed in NRMC sale --- Hospital sale takes yet another step forward --- Community Health Systems Announces Definitive Agreement to Acquire Natchez, Mississippi Hospital
(DBN)

Union hospital district moving forward with bankruptcy process
(DBN)

____________

Religion:

The Pope and the Vatican Bank
(DBN)

____________

Electricity:

Bankrupt Energy Future Holdings’ value surges
(DBN)

____________

Metals:

London court convenes RUSAL creditors for debt restructuring
(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 (13 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: Bankruptcy filings continue to retreat
(DBN)

Phoenix-area bankruptcies continue to decline in June
(DBN)

10 Brands That Will Disappear In 2015
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Week Ahead: Energy Future Updates on Restructuring Support Agreement
(DBN)

Back from Bankruptcy: The Billion-Dollar Families Whose Fortunes Survived Near Brush With Death
(DBN)

____________

Bankruptcy Reform:

New Senators: Corporations Must Give Workers and Retirees Fair Treatment In Bankruptcy
(DBN)

____________

Plan Confirmation:

SD CA: New Form Ch. 11 Plan
(DBN)

____________

Jurisdiction:

American Exceptionalism and Extraterritorial Application of Bankruptcy Law
(DBN)

____________

Avoidance Actions:

Tri-Valley Corporation Preference Actions Filed
(DBN)

____________

Exemptions:

Homestead (And Other) Exemptions: Some Fraud Counts More Than Others
(DBN)

____________

Chapter 13:

Do Debtors or Creditors Get Undisbursed Chapter 13 Plan Payments Upon Conversion? -- A New Circuit Split
(DBN)

____________

Insurance:

D&O Insurance: FDIC’s Claims Against Failed Bank’s Directors and Officers Not Related to Earlier Claims, Trigger Separate Policy Period
(DBN)

____________

Student Debt:

A Student Debt Documentarian Explains How Things Got So Bad
(DBN)

Student Debt-Relief Services Come Under Scrutiny
(DBN)

____________

Nightlife:

A Club That Represents Everything Passé About NYC Nightlife Has Finally Gone Bankrupt
(DBN)

____________

Retailing:

Retailer Love Culture Said to Prepare Bankruptcy Filing
(DBN)

Financing terms limit Dov Charney's role at American Apparel
(DBN)

Women's clothing retailers face tough year, more bankruptcies: analysts
(DBN)

Retailers Have Given Some Discouraging Commentary About The US Economy To Start Earnings Season
(DBN)

____________

Aviation:

Evergreen aviation campus up for sale
(DBN)

Jetmakers braced for slowdown in orders
(DBN)

____________

Mass Torts:

Garlock denies lawyers' claims
(DBN)

Six Months After Massive West Virginia Chemical Spill, Residents Still Wary Of Water
(DBN)

____________

Sovereigns:

Still no deal between Argentina , debt holdouts
(DBN)

Argentina Debt Negotiations Continue
(DBN)

Pollack's hope is that dialogue between holdouts and Argentina will continue
(DBN)

Argentina not negotiating multimillion debt, say holdout creditors
(DBN)

Argentina edges closer to default
(DBN)

BNY Mellon Seeks to Hold Argentina Bond Payment
(DBN)

Argentina Bond Fight Extends to Beef as Default Date Looms
(DBN)

How Argentina Could Go Down In Flames Even If It Does Pay Off The Hedge Funds
(DBN)

____________

UK:

Former Cobbetts partner speaks out
(DBN)

Solicitor went bankrupt to “prove dishonesty claim"
(DBN)

Bankruptcy looms for tax scheme investors
(DBN)

More young women becoming insolvent
(DBN)

Pre-pack the backdoor to UK insolvency regimes?
(DBN)

Don't turn it off — supplying services during formal insolvencies
(DBN)

____________

EU:

Another Ugly Economic Report From Europe
(DBN)

Draghi Seen Delivering $1 Trillion to Banks in ECB Offer
(DBN)

____________

PIIGS:

The Legal Concept Of Insolvency According To The Spanish Supreme Court --- Spanish Bad-Debt Data Tell Divergent Stories --- Jenaro García Martín to face court over Gowex collapse
(DBN)

Portugal rules out state support for Banco Espírito Santo --- Troubled Epirito Santo family loosens grip on Portugal's BES --- Portugal bank gets new boss but stock still falls --- Little Heed Paid to Market's Espirito Santo-Driven Fall --- Risk Appetite Vanishes On Portugal Insolvency Suspicions
(DBN)

Greece battles to defuse ticking debt bomb --- More Greeks Unable to Pay on Their Loans
(DBN)

ie: Insolvency service sees sharp rise in arrangements
(DBN)

____________

Canada:

Ponderosa in financial trouble
(DBN)

____________

Bulgaria:

Bulgaria Will Start Corporate Bank Bankruptcy Process --- In a First Since the 1990s, a Large Bulgarian Bank Goes Bankrupt
(DBN)

____________

Serbia:

Serbia Committed to 3-Year IMF Agreement
(DBN)

____________

Australia:

What's up in Australian insolvency law, and why should we care?
(DBN)

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