September 2, 2014

The Daily Bankruptcy News

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Law:

Flashback: Billable Hours In The 1990s
(DBN)

McKenna Municipal BK Pro Relocates to San Francisco
(DBN)

Building the perfect firm
(DBN)

Concordia Law School suffers mass defection after it fails to gain accreditation
(DBN)

Want Better Law School Grades? Take An Iterative Approach To Learning
(DBN)

Google Accord With Plaintiffs' Lawyers' Alma Maters Fails Judge’s Smell Test
(DBN)

Law students still out in the cold when it comes to getting paid for academic internships
(DBN)

Firms need to narrow their focus to win big
(DBN)

Do You Build Invoices Or Relationships?
(DBN)

Lawyer who judge slammed for dressing ‘like something out of Harry Potter’ expresses shock at ‘unwarranted attack’
(DBN)

Is document review legal work?
(DBN)

Attorney Fees for In-house Counsel's Litigation Work
(DBN)

How To Store Everything You Need In Your Suit Jacket
(DBN)

Attorney Eric Parrish files Chapter 13 bankruptcy case
(DBN)

Disbarred Lawyer Can't Discharge Ex-Clients' $1 Mil. Claim
(DBN)

Which Type Of Coffee Gives You The Most Energy --- What Coffee Actually Does To Your Brain
(DBN)

How To Exercise At Work
(DBN)

3 Questions To Answer Before Quitting Your Job
(DBN)

Ways To Influence Even The Most Resistant People
(DBN)

Condo Must Pay $132,000 For Causing Dog's Eviction
(DBN)

Some Guy Tried Robbing A Family Dollar But Left After An Employee Said He Had To Wait Like Everyone Else
(DBN)

Ridiculously Expensive Gadgets
(DBN)

Here's Everything We Know About The iWatch, Apple's Next Major Product
(DBN)

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Judges:

Ninth Circuit Appellate Practice Guide Updated
(DBN)

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Wall Street:

Stock futures in tight range
(DBN)

S&P 500 closes August at record high despite rising Ukraine, overseas concerns
(DBN)

Warren Buffett's 23 Most Brilliant Insights About Investing
(DBN)

23 Ways Your Wall Street Job Will Make You Miserable
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

New plan emerges for southeast Kansas casino
(DBN)

Atlantic City Casinos to Retain 50% of Revel Revenue, Fitch Says --- Some gamblers at Atlantic City's closing casinos will not return
(DBN)

Revel Casino Hotel Starts Closing In Atlantic City --- The end of Atlantic City's $2bn dream: Landmark Revel hotel closes its doors after only two years as another two casinos shut down in crisis-hit gambling mecca
(DBN)

Inside the $2 Billion Bust: Atlantic City's Big Bet, the Revel Casino, Closes
(DBN)

Ernst & Young to Return $100,000 in Revel Fees
(DBN)

A timeline of Atlantic City's Revel Casino Hotel
(DBN)

Revel History Shows Gambling Is No Sure Thing for Renewal
(DBN)

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Pets:

Bankruptcy Case Results In Dozens of Dogs Removed from Home
(DBN)

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Autos:

GM's Problems Could Grow
(DBN)

Saab carmaker wins receivership --- Saab Back From The Brink With Bankruptcy Protection --- Saab Is Too Poor To Go Bankrupt --- Struggling Auto Firm Loses Rights to Use Saab Name
(DBN)

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Personal Finance:

7 Lessons I Learned That Helped Turn Around My Failing Business And Marriage
(DBN)

The 12 Most Important Things Everyone Should Know About Money
(DBN)

6 Luxury Items That Are Actually Affordable
(DBN)

5 Little-Known Ways To Save Money On Amazon
(DBN)

Why You Should Keep Your Money Separate From Your Spouse
(DBN)

How To Gracefully Turn Down A Friend's Request For Money
(DBN)

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Fraud:

Trustee sues Umpqua, three other banks, claiming they "enabled" Berjac Ponzi scheme
(DBN)

August 2014 Ponzi Scheme Roundup
(DBN)

Chief in $800M fraud gets 20 years prison
(DBN)

Madoff Trustee Looks To Recover More for Victims Following Legal Rulings
(DBN)

Rothstein Ex-CFO gets 5 years prison in fraud
(DBN)

'Girls Gone Wild' founder Joe Francis wanted in fight at his bankrupt company's office complex
(DBN)

Sino-Forest high-profile fraud hearing to begin
(DBN)

USA Harvest founder set for sentencing, faces federal prison time
(DBN)

Cal Poly seeks bankruptcy ruling to cover up Moriarty name on scoreboard
(DBN)

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Education:

Morrison University closes in Reno after 112 years
(DBN)

Anthem College unable to sell, closes doors --- Another For-Profit College Bites The Dust
(DBN)

Anthem College in Orlando to stay open despite bankruptcy
(DBN)

Trident University International Selected as Transfer Partner for Students Impacted by This Week's Anthem Education Closure
(DBN)

Paine College plans furloughs, salary cuts, layoffs
(DBN)

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Television:

Astros, Rockets, Comcast could lose money under Chapter 11 plan
(DBN)

Houston Sports Network Seeks to Cut Comcast Claim in Plan
(DBN)

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Coal:

East Texas coal mine closing
(DBN)

Forgotten Kentucky Mine Throws Off Struggling Coal Mining Company
(DBN)

After dark year, Arch, Peabody optimistic about winter
(DBN)

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Food/Beverage:

A Market Basket store, returning to life --- A Market Basket of dignity
(DBN)

CEO expected to plead guilty in sweetener plant case
(DBN)

Peanut butter killed his mom; now son watches company brass stand trial
(DBN)

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Admiralty:

'Two Households, Both Alike in Dignity': The International Feud between Admiralty and Bankruptcy
(DBN)

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Resorts:

Town permits Colony unit owners to renovate; owner says more to come
(DBN)

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Music:

Album Sales In America Just Hit An All-Time Low
(DBN)

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Tech:

Where Are They Now? The Kings Of The '90s Dot Com Bubble
(DBN)

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Electricity:

Profiting From the Ashes of Warren Buffett's Big Mistake
(DBN)

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Clubs:

Community steps up to rescue historic Hollywood club from bankruptcy
(DBN)

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Corporate Governance:

Corporations Don't Independently Owe Fiduciary Duties to Stockholders
(DBN)

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Student Debt:

Is This Student Loan Debt Collection Tactic Out of Control?
(DBN)

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Aviation:

Boeing Can't Give Away Their Dreamliners
(DBN)

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Banking:

FDIC bars two former Tennessee Commerce execs from banking
(DBN)

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Theme Parks:

Santa’s Land animals confiscated
(DBN)

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M&A:

Bankruptcy Avoidance as a Merger Motive
(DBN)

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Economy:

Consumer spending drops as car sales stall
(DBN)

Lower Corporate Tax Receipts Boost US Deficit Estimate
(DBN)

It Might Sound Stupid, But Maybe It Isn't The Economy This Time
(DBN)

The 40-Hour Work Week Is Almost A Full Work Day Longer In The US --- A 40 Hour Work Week In The United States Actually Lasts 47 Hours --- More Americans working two jobs
(DBN)

In America, Labor Day is a lie --- When Labor Day Meant Something
(DBN)

Big Change In The Fed's Forward Guidance Coming In September?
(DBN)

NACM's Credit Managers' Index for August Remains at 56.8
(DBN)

Poll: Americans Approve of Unions but Support "Right to Work"
(DBN)

US Workers are Scared, Cautious, Worse Off
(DBN)

Equifax Reports New Credit Rises to Six-Year High in 2014
(DBN)

Goldman Sachs' And Merrill Lynch's Previews For The Jobs Report
(DBN)

10 Things That Are Right With America
(DBN)

U.S. Fee to Drop Citizenship Is Raised Fivefold
(DBN)

How Corporate Share Buybacks Are Destroying America
(DBN)

The Epic Rise Of America's Services Industry
(DBN)

The Fastest-Growing Companies In New York City
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Record BofA Settlement Includes $30 Million Legal Aid Windfall
(DBN)

Creditors to vote on future of Chicago Spire project
(DBN)

Evictions Soar in Hot Market; Renters Suffer
(DBN)

The ‘luxury’ 2 bedroom apartment for 22 people
(DBN)

What you need to know about reverse mortgages and bankruptcy
(DBN)

August Wilson Center receiver seeks testimony from URA chief
(DBN)

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Municipalities:

Filings in Detroit's bankruptcy are getting personal
(DBN)

Detroit Bankruptcy Trial Steps into Uncharted Territory
(DBN)

Detroit may sweeten bankruptcy deal with real estate to persuade creditor to settle
(DBN)

Pivotal trial to begin for Detroit's bankruptcy --- Detroit Brings Bankruptcy Plan to Court With Billionaires --- Detroit Defends Bankruptcy Plan --- Detroit goes on trial for its financial future --- Detroit bankruptcy raring to go --- Detroit's bankruptcy battle begins --- Detroit raced toward this week's bankruptcy trial --- Detroit's breakneck speed hastened start of largest US municipal bankruptcy trial this week --- Mow-Down in Motown --- Detroit on track to exit bankruptcy in record time --- 10 key questions to watch for at Detroit's historic bankruptcy trial
(DBN)

Key players in Detroit's historic bankruptcy trial --- The fate of Detroit in his hands: Judge reviews plan to write off $7bn of debt and rescue city from bankruptcy
(DBN)

What's at Stake in Detroit's Historic Bankruptcy Trial
(DBN)

Is Detroit's plan feasible? Leaders must show they're committed to strategy
(DBN)

Doubts Over Whether Detroit Bankruptcy Plan Gets Job Done
(DBN)

Detroit brings bankruptcy plan to court with big-money help
(DBN)

Affairs of the Art: The Reinvention of Detroit --- Fate of Detroit's art hangs in the balance as bankruptcy trial begins
(DBN)

One Judge to Decide the Future of Detroit
(DBN)

Detroit's bankruptcy trial moving into final phase
(DBN)

Detroit bankruptcy judge will hear more arguments about water shutoffs --- Guyette: Differences exist between water 'payment plan' and 'affordability plan'
(DBN)

Detroit bankruptcy judge angrily tosses hold-out creditor's charges --- Threatens Kirkland, Syncora With Sanctions
(DBN)

Bankruptcy Not a Reset Button for Detroit: Ridley
(DBN)

Another day, another shameless attempt to steal DIA's art
(DBN)

Time magazine calls Detroit 'America's Emerging Market'
(DBN)

Biden to Detroit workers on Labor Day: 'Don't give up'
(DBN)

Desert Hot Springs to reaffirm salary, benefits cuts
(DBN)

Atlantic City Is Losing 2 Casinos And 5,000 Jobs In Just 3 Days --- Atlantic City Facing Massive Economic Collapse --- Complete Wipeout In Atlantic City
(DBN)

San Bernardino blues: Bankrupt city flailing amid financial overhaul
(DBN)

MO: Tuition Policy Change Could Lead To Bankruptcy in Normandy
(DBN)

Pa. Municipal Pension Systems Strained, Auditor General Says --- Scranton: Pension crisis now official
(DBN)

Sweeping changes to Act 47 proposed in Harrisburg
(DBN)

Talks Between 7 Counties, Lawmakers Come Up Short
(DBN)

The 12 US Cities With The Hardest-Working People
(DBN)

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Religion:

Judge says bank must wait for $2.9m from church
(DBN)

Without Walls megachurch sells its West Shore campus
(DBN)

Helena Diocese to Ask for Approval of Insurance Settlement for Abuse Cases
(DBN)

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Retailing:

J.C. Penney: Saying Sayonara To The Bankruptcy Discount
(DBN)

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Aviation:

PAC: MAS restructuring must include operations, business overhaul
(DBN)

Supreme Court rejects Kingfisher Airlines’s plea for legal representation
(DBN)

Will latest MAS revamp work?
(DBN)

____________

Celebs:

Arrest warrant issued for 'Girls Gone Wild' founder Joe Francis --- Man Gone Wild --- $500K warrant issued for his arrest
(DBN)

Die Hard's John McTiernan unveils new projects—in bankruptcy court --- In Bankruptcy Hearing, 'Predator' Director Talks New Travolta Project and Nixes a Schwarzenegger Reunion
(DBN)

Change in Counsel Cannot Delay Bankruptcy Trial for "Real Housewives" Star
(DBN)

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PR:

A Grocery List of PR Lessons from the Market Basket Saga
(DBN)

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Movies:

A pact with the devil bankruptcy, greed from Florida to Venice
(DBN)

Box Office Sales Down 15% from Last Year
(DBN)

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Healthcare:

Future for Monroe Hospital may include more times of uncertainty
(DBN)

Judge sends NRMC plan to creditors; Confirmation hearing Sept. 29
(DBN)

Hospital bankruptcy deal smells
(DBN)

Hawaii Health Systems announces layoffs starting December
(DBN)

Why Doctors Are Sick of Their Profession
(DBN)

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Tax:

Burger King's Plan To Reduce US Taxes Has Been Going On For Years
(DBN)

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Politics:

Here's Why Mitt Romney Should Run For President In 2016
(DBN)

Rich People Are Pissed About Obama's Labor Day Weekend Plans
(DBN)

Federal Agency Elizabeth Warren Helped Found is Rife with Discrimination, Employees Say --- Elizabeth Warren Breaks Silence on Israel/Gaza
(DBN)

Eric Cantor Just Got A Job On Wall Street
(DBN)

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Corporate Reform:

Financial reforms will make the next crisis even messier
(DBN)

____________

Shipping:

Shipping firm Frontline 2012 Q2 beats forecasts --- Frontline Ltd.: Investors Need To Prepare Now For Bankruptcy
(DBN)

Frontline results send shivers down spines of large tanker owners
(DBN)

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Agriculture:

PSC recommends final payment in grain company insolvency
(DBN)

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Valuation:

No One Agrees On How Much Brands Are Worth Or Why
(DBN)

____________

Credit Reporting:

Don't Count on Lenders to Use New FICO Scores
(DBN)

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Prisons:

Wall Street bets on prison growth from the border crisis
(DBN)

____________

Waste:

Creative Recycling Systems files for Chapt. 11, plans to close many U.S. facilities
(DBN)

Liberty Property, DRA among landlords of troubled CRS facilities
(DBN)

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Accounting:

Tarnished by the Enron scandal, can this brand be saved?
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (72 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (67 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)

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Avoidance Actions:

Fraudulent Transfer: A Case Where Strong Arm Powers Were “An Inch Too Short”
(DBN)

The Uniform Voidable Transactions Act - New Section 11 and Series LLCs
(DBN)

MCG Preference Actions Update
(DBN)

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Bankruptcy Policy:

The (Il)Legitimacy of Bankruptcies for the Benefit of Secured Creditors
(DBN)

____________

Third Party Releases:

The Fourth Circuit Weighs In On Third-Party Releases In Plans Of Reorganization
(DBN)

Analysis Regarding Third-Party Releases in Bankruptcy
(DBN)

Third Circuit Rules that Failure to Disclose Third-Party Release Proves Fatal
(DBN)

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Safe Harbors:

Rolling Back the Repo Safe Harbors
(DBN)

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Settlements:

After Settlement, Bankruptcy Trustee Seeks to Limit Discovery of Pharmacy's Owners, Insurers
(DBN)

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Jurisdiction:

Fifth Circuit Provides Valuable Guidance on Jurisdiction and Authority Post-Stern
(DBN)

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TBTF:

Lenders look at levy to support banks in distress
(DBN)

Single-Point-of-Entry: No Bank Left Behind
(DBN)

____________

Sovereigns:

How Should Future Argentinas Treat Future Vultures?
(DBN)

Argentina and Sovereign Insolvency
(DBN)

A game of polarization
(DBN)

Argentina Debt Crisis: Swiss Banks Call for New Debt Rules in Wake of Hedge Fund Case --- Plan to avoid Argentina -style default spats unveiled --- Amid Argentina Feud Activists Seeks Ban on Holdouts Tactic
(DBN)

Argentina Will Propose International Debt Restructuring to UN
(DBN)

ICMA revises rules for sovereign defaults
(DBN)

Argentina appealing US judge's order on bond pay --- Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case
(DBN)

Capitanich insists on stay claim
(DBN)

Argentina president uses 'villian' Paul Singer
(DBN)

'Social development cannot be jeopardized by the extortion of tiny group of financiers'
(DBN)

Elliott unit takes fight to China --- Hayman Chief Blasts Elliott Over Argentine Impasse
(DBN)

Germany's Finance Minister: 'Argentina an example of lack of solidity'
(DBN)

I'll have my bond ; I will not hear thee speak
(DBN)

10 Countries On The Edge Of Bankruptcy
(DBN)

____________

UK:

Pound Strengthens Most in Eight Weeks Amid ECB Stimulus Bets
(DBN)

UK manufacturing activity at 14-month low
(DBN)

Dean Nelson, Head of the Business Recovery and Insolvency team at Smith Cooper shortlisted for the Corporate Insolvency Practitioner of the Year Award
(DBN)

Insolvencies rise among elderly despite national decline
(DBN)

Bankruptcy among pensioners is on the rise - why?
(DBN)

____________

EU:

The Bad News Out Of Europe Is Intensifying --- EU Manufacturing Falls to 13 Month Low
(DBN)

Europe's Largest Economy Is Running Out Of Steam
(DBN)

Citi Plans To Sidestep Europe's New Bonus Limits
(DBN)

Mario Draghi And The European Central Bank Can't Ignore This Chart
(DBN)

Mario Draghi And France's President Agree On What's Threatening Europe's Economy
(DBN)

Kompania Plans to Sustain Output With 20,000 Fewer Jobs
(DBN)

____________

PIIGS:

The Billion-Dollar Collapse Of Portugal's Second Biggest Bank --- Goldman lent $835m to Banco Espírito Santo before bailout --- Part of Espirito Santo empire may try to block sale of insurer --- KPMG refuses to approve BES accounts, warns of further loss
(DBN)

Greece close to emerging from recession --- Seeing just one way for Greece to go: Up
(DBN)

Spain Sells First-Ever 50 Year Bonds At 4% Coupon
(DBN)

Appeal to save Wedgwood collection
(DBN)

Ireland bucks the trend in euro zone's stalled recovery
(DBN)

____________

Germany:

Germany: In a spin
(DBN)

____________

Brazil:

Brazil's economy slips into a recession
(DBN)

Inepar, Units File for Bankruptcy Protection on Financial Woes
(DBN)

Problems in Brazil turn Telecom Italia from hunter to hunted
(DBN)

____________

MENA:

Bahrain Batelco says India ex-partner is bankrupt, seeks $212 million owed --- Fitch: No Impact on Batelco's Ratings From Sivasankaran Bankruptcy
(DBN)

Saudi King Warns ISIS Will Target The West --- White House: We're Not At 'War' With ISIS --- Militants Have Taken Over Most Of Libya's Capital --- Ayatollah Urges Iran To Boycott 'Immoral' High-Speed Mobile Data
(DBN)

50 Days Of War In Gaza May Cost Israel Dearly
(DBN)

Pakistan’s Sharif clings to power as protesters step up assault
(DBN)

____________

Ukraine:

Bracing for debt troubles as Ukraine gloom deepens
(DBN)

EU Leader Fears Ukraine Crisis Is Approaching The 'Point Of No Return' --- Russian FM Calls for Immediate Ceasefire in Ukraine --- Ukraine: Pro-Russian Rebels Lower Demands --- NATO Releases Satellite Evidence That Russia Is Lying About Invading Ukraine --- Moscow: Satellite Images of Tanks in Ukraine From 'Computer Games' --- Russia's Stealth Invasion Of Ukraine Could Soon Become A Major War In Europe --- Ukraine Soldiers Are Battling Russian Tanks In Rebel-Held East Ukraine --- Putin Wants 'Statehood' For Southeastern Ukraine --- Ukraine: Russian Tanks Have Flattened A Border Town
(DBN)

I can take Kiev in two weeks, Vladimir Putin warns European leaders --- Ukraine Shifts Military Focus To Defense
(DBN)

European investors hold nerve as Russia-Ukraine warnings ratchet up
(DBN)

____________

Russia:

Rosneft Pres says Hague tribunal might pass ruling on Yukos under pressure
(DBN)

JPMorgan: The Russian Stock Market Is On The Brink Of A 'Lehman-Style Shock' --- Putin: Don't Mess With Russia, We Have Nukes --- EU Expected to Toughen Sanctions on Russia --- Russian Sanctions: SWIFT Banking Ban? --- Food Prices Have Begun Skyrocketing In Parts Of Russia ---Europe Is Contemplating Banning Its Investors From Purchasing Russian Bonds --- Russian ruble slides to all-time low as new sanctions loom --- Russia Can't Lean On China For Support After Being Frozen Out By The US And EU
(DBN)

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Czech Republic:

Miner NWR averts insolvency as bondholders back rescue plan
(DBN)

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Serbia:

Serbia: Amendments to the Insolvency Act
(DBN)

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China:

China's bad bank clean-up crew
(DBN)

China Banks Seek New Lending Horizons As Bad Debts Rise
(DBN)

Chinese Insurance Policies Cover Some Really Bizarre Things
(DBN)

China Official Manufacturing PMI Misses Expectations
(DBN)

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Korea:

Samsung pushes ahead with group-wide restructuring
(DBN)

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Australia:

Does Australia need a Chapter 11?
(DBN)

From high life to bankruptcy with many wives in between: Welcome to the world of Warren Mead
(DBN)

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Venezuela:

The Venezuelan Government Is Hiding Just How Bad Things Are
(DBN)

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Japan:

The Bad News Isn't Bad Enough For The Bank Of Japan To Act
(DBN)

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Chile:

Alsacia & Express Announce Entry into a Restructuring and Plan Support Agreement
(DBN)

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Vietnam:

Significant Changes To Bankruptcy Procedures
(DBN)

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