October 8, 2014

The Daily Bankruptcy News

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Law:

Shaunna Jones: Prepa Must Confront ‘Tarnished’ Public Image --- Richard Chesley: Prepa Restructuring Requires Time, Liquidity
(DBN)

Snapshot: Robbin Itkin, Steptoe & Johnson
(DBN)

2015 Attorney Rate Report - Bankruptcy Rates "Premium"
(DBN)

Business of Law
(DBN)

Lawyers work 45 hours a week in the UK
(DBN)

Dechert partner says she doesn’t want to ‘have it all’; she just wants what men have
(DBN)

Thompson & Knight Adds New Bankruptcy Lawyer In Dallas
(DBN)

Law School Seems Too Eager To Change Its Name
(DBN)

Law Schools: They Are Selling Experiences
(DBN)

Disgraced Class Action Star Selling Home and Picassos
(DBN)

Texas Market Limited, but Pa. Firms Finding Ways to Grow
(DBN)

Beyond Biglaw: Effective Deposition Defense (Part 1)
(DBN)

Peter Theil Praises Aspergers - Unfortunately, Not Enough Of Those In Law Think Out of Box
(DBN)

Legal writing: When to cut corners
(DBN)

LawProse: “Home in” and ”hone in”
(DBN)

Why Adverbs, Maligned by Many, Flourish in the American Legal System
(DBN)

Is The Bluebook About To Be Killed Off?
(DBN)

Bankruptcy lawyer escapes prosecution by quitting practice
(DBN)

Delaware Federal Court Tries to Protect Lawyers’ Lives – 6 PM e-Filing Deadline – Zap Mail Memory Too
(DBN)

If You’re Practicing Law In The 21st Century, You Better ‘Be Sexy and Know’ Spanish
(DBN)

The Most Annoying Things People Do At Networking Events
(DBN)

20 Amazing Apps For Getting The Most Out Of iOS 8 --- Apple iOS 8 adoption slows with software's snafus --- How can you protect your privacy following recent iPhone updates?
(DBN)

Should You Upgrade To Windows 10 (Or 8)? A Pictorial Walkthrough
(DBN)

Woman Turns Herself In Just So Police Will Take Down An Unflattering Photo Of Her On Facebook
(DBN)

Hackers Are Stealing Millions From ATM Worldwide With New Malware
(DBN)

Cruz: Amend U.S. Constitution to Preserve Same-Sex Marriage Bans
(DBN)

Police: Robbers answer stolen cellphone
(DBN)

Judge orders cops in Ferguson to stop enforcing ‘five-second rule’
(DBN)

4 Year Old Takes 249 Heroin Bags to Daycare
(DBN)

Handsome Hobo Traded His Freedom for a Date With Miley Cyrus
(DBN)

After traffic stop, state trooper asked driver if she accepted Jesus, ACLU suit claims
(DBN)

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Judges:

Americans' Approval of Supreme Court Steady at 44%
(DBN)

The Roberts Court’s Brief Progressive Moment
(DBN)

Removing federal judge charged with wife battery would be long, arduous process
(DBN)

Candidate for family court bench owes back child support
(DBN)

Dallas County Judge Clay Jenkins - Superhero In Time Of Ebola
(DBN)

State Supreme Court puts Orie Melvin sentence on hold
(DBN)

Judge objects to smoky smell of court documents
(DBN)

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Wall Street:

Futures flat after Wall Street sell-off
(DBN)

Wall Street remains under pressure in global rout
(DBN)

Wall Street falls on global growth concerns --- S&P 500 Plunges to August Low
(DBN)

Wall St profits down 13 pct to $8.7 bln in H1 2014 -NY comptroller --- Profits weighed down by fines
(DBN)

Wall Street is hurting ... sorta
(DBN)

Some Very Powerful People Are Attacking Wall Street Pay All At Once
(DBN)

Libya: Goldman Took Us For 'A Complete Ride' --- Goldman Sachs Ordered To Pay Libyan Fund's Legal Costs --- A&O ex-lawyer 'shocked' by Goldman Sachs 'entertainment'
(DBN)

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Layoffs:

There Were Two Unemployed Persons Per Job Opening in August 2014
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Agriculture:

Turner Grain Executive Claims $5.5M in Debts, $2M in Assets
(DBN)

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Television:

Comcast Fights Houston Sports Channel's Sale Proposal
(DBN)

CSN Houston’s present value remains an issue for bankruptcy court
(DBN)

CSN Houston headache could be reaching its end
(DBN)

No Ads and the Coming Death of Network TV
(DBN)

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Mass Torts:

Insurer Equitably Obligated to Contribute to the Defense of a Common Insured
(DBN)

Third-Party Protections in Mass Tort Chapter 11 Cases
(DBN)

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Retailing:

US retail group expects brighter holiday season sales --- Rich shoppers seen boosting US holidays, deep discounts likely
(DBN)

Container Store still in a funk, boxed in by outlook
(DBN)

Wal-Mart Cuts Benefits For Most Of Its Part-Time Workers
(DBN)

Thousands of Walmart workers are losing insurance — and it's good news!
(DBN)

Company That Sues Soldiers Pledges Reform
(DBN)

Gediman's Appliance to file for bankruptcy , according to letter
(DBN)

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Awards:

Richards Layton Director Elected HNBA Deputy President
(DBN)

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Politics:

Low Favorable Ratings Still Plague Top Dogs on Capitol Hill
(DBN)

Berkshire's Buffett predicts Hillary Clinton will win presidency in 2016
(DBN)

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Fraud:

Bankruptcy Court Deemed Too Risky for Marc Dreier, Judge Rules - Finding bathrooms at One Bowling Green often involves a long trek down echoing hallways
(DBN)

Judge Approves Settlement Based on Madoff Fraud
(DBN)

Looks Like Rothstein Feeder Fund Exec Is Heading for Trial
(DBN)

5th Circuit rejects convicted Ponzi schemer Allen Stanford’s 299-page brief
(DBN)

In $322 Million Petters Clawback Settlement, No Collection 'Til 2020
(DBN)

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Healthcare:

Sisters of Providence Health System confirms discussions to buy parts of Hampden County Physician Associates
(DBN)

Community Health Systems will buy out minority owners of Natchez Community Hospital in merger
(DBN)

Excalibur - World Rallies To Save Elbola Victim's Dog From Being Put Down
(DBN)

The U.S. Is Going to Start Screening Airline Passengers for Ebola
(DBN)

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Paper:

GNP creditors meeting scheduled in Bangor
(DBN)

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Economy:

IMF Cuts Global Outlook as Risk of 'Frothy' Stocks Raised --- Five charts that show why the global economic recovery is so very disappointing
(DBN)

Job Openings in U.S. Increase to Highest Level in 13 Years --- BLS: Jobs Openings at 4.8 million in August, Up 23% Year-over-year
(DBN)

Global Economy and Labor Markets Show Improvements, Say New Indexes
(DBN)

Forget QE: The Next Move From The Fed Is Going To Be 'VE'
(DBN)

Falling Unemployment Alone Not Reason to Raise Rates, Fed’s Kocherlakota Says
(DBN)

Fed: Q2 Household Debt Service Ratio near Record Low
(DBN)

Consumer Credit Grows Less Than Expected
(DBN)

US poor and middle class give more to charity, but wealthy pull back --- Why are the poorest Americans so generous?
(DBN)

In the U.S., Consumer Spending Drops Slightly in September --- A Disconcerting Dip in Credit Card Debt
(DBN)

Traders Are Convinced This Indicator Means More Fed Easing Is Coming
(DBN)

Fed will adjust policy tightening depending on markets -Dudley
(DBN)

Next Crisis: Think 2008, but Bigger & Sooner
(DBN)

Inequality really is rising, no matter how you fuss with the data
(DBN)

Why do so many Americans work nights and weekends? Blame inequality.
(DBN)

SAT Scores and Income Inequality: How Wealthier Kids Rank Higher
(DBN)

59% Of Millennials In The US Would Move To Another Country For A Job
(DBN)

The IMF Fesses Up To Big Growth-Prediction Misses. Biggest of All: Brazil, India
(DBN)

Oil Prices Tank; New Era of Abundance?
(DBN)

Americans living longer as most death rates fall
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices rise 6.4 percent in August, but pace is slowing --- Home-price growth hits slowest pace in nearly two years
(DBN)

Homebuilders Offer Freebies as US Markets Cool
(DBN)

Goldman: The Housing Recovery Resumes
(DBN)

Buffett Says 'No-Brainer' to Get Mortgage to Short Rates
(DBN)

Global Housing Prices: It’s a Tale of Two Worlds
(DBN)

Spire backers' bankruptcy plan approved --- New York lender agrees to fund exit
(DBN)

MountainView To Invest In Non-Prime Mortgages
(DBN)

OH: Former Rolling Acres Mall pulled from sheriff’s sale amid last-minute bankruptcy filing
(DBN)

Ex-foreclosure king Todd Brummer accused of trying to hide $7 million
(DBN)

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Municipalities:

Kilpatrick dominates Detroit pension fund case
(DBN)

DEGC chief to council: Don't derail Detroit's recovery
(DBN)

Detroit Homeowner Offers To Swap House For iPhone 6
(DBN)

Gilbert's Plan for Downtown Detroit Has No Room for Jail
(DBN)

Stockton Ruling Could Prompt More CA Cities to Declare Bankruptcy
(DBN)

Where do things stand with Flint and a possible bankruptcy? A lot riding on a lawsuit
(DBN)

Philadelphia teachers planning large-scale protests over decision by nearly-bankrupt district to cancel contract
(DBN)

Moody's: Credit Negative for Jefferson County sewer bondholders after federal ruling on ratepayers appeal
(DBN)

Zombie Cities Targeted in Pending Pennsylvania Bill
(DBN)

Puerto Rico passes legislation ahead of bond deal
(DBN)

What States Should Do to Keep Their Cities Out of Bankruptcy Court
(DBN)

Why the South is the worst place to live in the U.S. — in 10 charts
(DBN)

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Autos:

Morgan Stanley Predicts The Death Of The Auto Industry As We Know It
(DBN)

GM stock falls on analyst stock, profit estimate cuts
(DBN)

GM, Ford close at 52-week lows on risk worries
(DBN)

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Gambling:

Former Revel employees not guaranteed jobs if bankrupt casino reopens
(DBN)

Brookfield Gets Court OK to Buy Atlantic City's Revel Casino --- Judge approves Revel sale to Brookfield; Straub has other plans
(DBN)

Court begins over Revel auction sale --- Straub blasts auction at Revel sale --- Revel attorneys call losing bidder 'disgruntled'
(DBN)

State Senate president says Carl Icahn refused deal to save Trump Plaza
(DBN)

Icahn Plan For Trump Casinos Blocked
(DBN)

Agreement reached to vacate Margaritaville Casino Biloxi
(DBN)

One Of The Most Crucial Weeks Of The Year For Macau Turned Out To Be A Disaster
(DBN)

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Personal Finance:

7 Quick Formatting Hacks To Improve Your Resume
(DBN)

Why I Quit My High-Powered Job To Stay Home With The Kids — And How I Got Back In The Game
(DBN)

How To Clean Your Entire Apartment In 30 Minutes
(DBN)

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Celebs:

Gone in an Instant: How One NBA Player Lost $110M
(DBN)

Reality TV Star Claims She ‘Didn’t Understand’ That Her Plea Agreement Meant Possible Jail Time
(DBN)

Joe Giudice 'wasn't expecting' wife, Teresa, of NJ 'Real Housewives' to get prison time for fraud --- Teresa Giudice has depression, Joe needs alcohol rehab after jail sentencing --- Meet the no-nonsense judge who sentenced 'Real Housewives' stars Joe and Teresa Guidice
(DBN)

Shane Filan says wife 'saved' him from bankruptcy
(DBN)

Zane, bestselling author, owes IRS $540k
(DBN)

Once-Bankrupt Betsey Johnson Eliminated From DWTS
(DBN)

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Financial Planners:

One CFP Discovers the Upside to the Downside of Bankruptcy
(DBN)

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Tech:

GT Advanced Technologies Inc Shares Rebound --- Apple may bail out --- Suppliers rocked by GTAT bankruptcy
(DBN)

GT Advanced First Bankruptcy Hearing Set for Thursday
(DBN)

What Happened To The Relationship Between Apple And GT Advanced Technologies? --- Apple Withheld $139 Million Payment from GT Advanced --- GT Advanced and Apple: Feud like angry roommates? --- Mesa-plant setbacks put company in Wall Street spotlight --- Apple supplier GT Advanced's value went from $1.5 billion to $90 million, Mesa plant in jeopardy --- GT bankruptcy puts Apple in control of Sapphire
(DBN)

Shattered Dreams: The Sapphire iPhones That Almost Were Now Seem Certain Not To Be --- Will Apple Watch be delayed with the Fall of GTAT?
(DBN)

GTAT: all too breakable
(DBN)

iPhone Supplier Bust a Tale of Wall Street
(DBN)

GT Advanced CEO faces scrutiny for selling stock ahead of Apple's sapphire-less iPhone 6 announcement
(DBN)

Netflix Still Not Bankrupt?
(DBN)

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Derivatives:

Banks rewrite derivatives rules to cope with future crisis
(DBN)

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Startups:

Successful Entrepreneurs Use These 5 Strategies To Bounce Back From Failure
(DBN)

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Government Contracts:

Feds pay another $14M to buy systems from contractor mired in Ch. 11
(DBN)

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New Bankruptcy Opinions
(0 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 (10 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)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Planning a Smooth Chapter 11 Distribution Process
(DBN)

Momentive Ruling Highlights Risks to Senior Creditors Under Intercreditor Agreements
(DBN)

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Proofs of Claim:

No Proof of Claim, No Problem: Bankruptcy Court Finds Declaration to Be Effective as Informal Proof of Claim
(DBN)

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Sales:

Sales Free and Clear: What About Restrictive Covenants?
(DBN)

A "Second Bite" from the Second Circuit: Revisiting Section 363 Review of Transfers in Chapter 15 Bankruptcy Cases
(DBN)

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Banking:

The FMB Bancshares Decision: Clarifying or Not Clarifying TruPS Holders’ Exercise of Remedial Rights
(DBN)

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TBTF:

Geithner defends US actions in AIG bailout --- Geithner Says an A.I.G. Bankruptcy Could Have Been "More Damaging" Than Lehman's --- AIG Failure Might Have Caused 'Mass Panic'
(DBN)

Hank Paulson's Telling Admission
(DBN)

AIG lawsuit should be laughed out of court
(DBN)

What you need to know about the AIG trial
(DBN)

AIG's elephant in the room
(DBN)

Fed’s “Doomsday Book” Has Day In Court
(DBN)

Global Banks Face 25% Loss-Absorbency Rule in FSB Plan
(DBN)

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Litigation:

Social Media Evidence Not Proper for Trial, Circuit Says
(DBN)

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Corporate Reform:

U.S. Said to Ready Charges Against Banks in Forex Rigging
(DBN)

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Consultants:

FDIC Veteran Jim Wigand Joins Restructuring Firm
(DBN)

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Theme Parks:

Why Euro Disney Is A 22-Year Money-Losing Failure
(DBN)

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Education:

Mid-Continent University filed for bankruptcy protection --- 14000 Former MSU Students Closer to Compensation
(DBN)

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Aviation:

The 11 Best Frequent Flyer Programs
(DBN)

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Religion:

Document: Winona Diocese anticipates eventual bankruptcy due to sex abuse lawsuits
(DBN)

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Toll Roads:

Indiana toll road bankruptcy highlights privatization advantages
(DBN)

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Aviation:

Air France-KLM faces €500m blow from pilots' strike
(DBN)

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Student Debt:

Burdened with Record Amount of Debt, Graduates Delay Marriage
(DBN)

The bankruptcy trap in student-loan debt
(DBN)

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Politics:

Conservative states are more likely to search for s-- and p--- online
(DBN)

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Food/Beverage:

KFC Parent Cuts Profit Expectations in Half
(DBN)

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Sovereigns:

Bondholders unnerved as Argentina minister amasses power
(DBN)

Two banks lead plan in Brazil to avoid default --- Brazilian and Chinese banks support for Argentina in bonds litigation confirmed
(DBN)

Robert Cohen, Lawyer for NML, Says Negotiation Is the Answer to Argentinian Bond Dispute
(DBN)

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UK:

PPF lowers levy estimate as insolvency-score upheaval nears end
(DBN)

Punch Taverns gets final approval for restructuring
(DBN)

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EU:

Eurozone Faces a 1-in-3 Chance of Reentering Recession Soon, IMF Says
(DBN)

European Stocks Plunge On Gloomy Global Outlook
(DBN)

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PIIGS:

ECB Questions New Eurozone Banking Loophole
(DBN)

Greece, EU/IMF lenders to resume inspection after stress tests --- Greece and troika agree on legislation for bad loans
(DBN)

Banks that reject insolvency cases will be ‘named and shamed’
(DBN)

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Canada:

U.S. Steel negotiations a ‘dynamic process’: bankruptcy lawyer
(DBN)

Veris Gold Corp. Announces DIP Financing
(DBN)

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Germany:

Germany Is Going Off The Rails, And It Could Take Everyone Else Down With It
(DBN)

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MENA:

Weeks Of Coalition Airstrikes Have Actually Done Little To Stop ISIS
(DBN)

9 Terror Groups Gunning for the US
(DBN)

ISIS Has Entered Key Syrian Border Town
(DBN)

A Look At The Surreal Path From Teen To Jihadi Bride
(DBN)

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Brazil:

International Monetary Fund slashes Brazil growth forecast for 2014
(DBN)

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Ukraine:

Ukraine Wants New IMF Bailout as War Squeezes Economy
(DBN)

Ukraine pins economic hopes on conflict-hit industry
(DBN)

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China:

China Just Became The World's Largest Economy
(DBN)

China’s First Bond Defaulter Gets Guarantee From Bad Bank
(DBN)

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