February 2, 2015

The Daily Bankruptcy News

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Law:

The 2015 Lateral Report’s Winners And Losers
(DBN)

How Dewey management's rosy picture masked an ugly truth
(DBN)

2015 Report on the State of the Legal Market
(DBN)

Dentons Dacheng Deal Done: Will BigLaw Follow Suit? --- Much Ado About Dacheng Dentons
(DBN)

DLA Piper International revenue and headcount fell in 2013/14, accounts show
(DBN)

Dorsey & Whitney Records Most Profitable Year
(DBN)

DLA Piper revenues slip as partner numbers shrink
(DBN)

Applying to Top Law Schools Disserved Many in 2014
(DBN)

Nine California Law Schools Bucked National Trend, Increased 1L Enrollment in 2014
(DBN)

Former general counsel of notorious Rothstein law firm gets 18 months for fraud
(DBN)

Why Aspiring To Be Perfect As An Attorney Is Actually The Opposite Of What You Need When Trying To Leave The Law
(DBN)

Bankruptcy judge sanctions attorney in Fashion Mall case
(DBN)

Facing up to the challenge: It's time to prepare law students for their profession
(DBN)

This case transforms your iPad's screen to make typing easier, and it looks like magic --- What impressed me most about the iPhone 6 Plus is something no one really talks about
(DBN)

Smartphones as the New "Swiss Army Knife:" A Thousand Apps in Your Pocket
(DBN)

12 ways to save your iPhone's battery
(DBN)

How to remember people's names
(DBN)

8 insights that will change the way you give PowerPoint presentations
(DBN)

Super Bowl XLIX: The In-House Counsel Battle
(DBN)

Judge lets Aaron Hernandez jury watch Super Bowl but urges vigilance to avoid case-related info --- Tears in Aaron Hernandez Trial as Murder Scene Details Emerge
(DBN)

School suspends 9-year-old for making ‘terroristic threats’ with magic ‘Hobbit’ ring
(DBN)

Jury convicts PI client who, angry over $115 medical bill, physically attacked law firm employee
(DBN)

Crazed Woman Faces Assortment Of Charges For Road Rage Incident Caught On Tape
(DBN)

Children given lifelong ban on talking about fracking
(DBN)

The World’s Saddest Coloring Book: The Life Of A Lawyer
(DBN)

Twitter shock at lawyer's triple 'C-bomb'
(DBN)

ZUI: Driving Zamboni Under The Influence
(DBN)

Video: Cop Pulls Gun on Teens Reportedly Having Snowball Fight
(DBN)

HTGAWM Returns And None Of These Characters Understand Ethics
(DBN)

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Judges:

WV: Bankruptcy Judge Vacancy
(DBN)

ND IL: Court closed, Monday --- MA: Some divisions closed, others opening late --- ND NY: Opening Late
(DBN)

Judge Rendell, former bankruptcy lawyer, to take on 'senior status'
(DBN)

History: The Judiciary Dinner
(DBN)

73-Year-Old Judge is Italy's New President
(DBN)

Meet Alabama Chief Justice Roy Moore's Son
(DBN)

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Wall Street:

Futures higher ahead of consumer spending, ISM data
(DBN)

Stocks sag at the close ; January finishes on weak note
(DBN)

Bears make like Seahawks as earnings growth fizzles
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pharma:

After Allergan loss, is Valeant dumpster diving?
(DBN)

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Personal Finance:

The 11 worst money habits of 20-somethings and how to fix them
(DBN)

The Nasty Four-Letter Word We Never Taught Our Children
(DBN)

10 things you can throw away or donate right now
(DBN)

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Food/Beverage:

NM: Flying Star Chain Files For Chapter 11 --- 'We agonized over this,' Flying Star’s Jean Bernstein says
(DBN)

Des Moines grocery chain auctioned off in bankruptcy court
(DBN)

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Gambling:

Owner of Country Crossing sues Baker Donelson for $70M
(DBN)

This Las Vegas Casino Might Be Following Caesars Entertainment's Catastrophic Debt Path
(DBN)

Union Workers Protest Icahn’s Saving Trump Casino over their Dead Contract --- Icahn: Benefit cuts ’essential sacrifice’ to keep Taj Mahal casino open
(DBN)

Creditors seek to sue Carl Icahn over Trump Entertainment cash
(DBN)

Revel Sale on Hold While Nightclub Appeals Terms
(DBN)

Wells Fargo, Creditors Reach Deal on Revel Loan
(DBN)

Non-Debtor Caesars Companies Respond to Creditors' Demand for Bankruptcy Court Appointment of an Examiner
(DBN)

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Religion:

St. Paul-Minneapolis archdiocese files assets, debts --- $45M assets, $15.9M liabilities
(DBN)

Twin Cities Archdiocese transfer of assets may protect it from bankruptcy creditors
(DBN)

Now Even Churches Are Too Risky to Bank
(DBN)

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Celebs:

Teresa Giudice gets buff in prison with weight lifting workouts
(DBN)

Sharpton Group Reports Deficits, Tax Debt Plan --- Busted
(DBN)

Ex-IMF boss Strauss-Kahn faces French trial
(DBN)

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Mass Torts:

Outstanding asbestos claims drag on insurance industry earnings
(DBN)

More than 3,300 crash claims filed against GM as window closes
(DBN)

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Mining:

Mine Shield Files Bankruptcy - Owner says Lancaster company still going
(DBN)

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Treasure:

Fugitive Treasure Hunter Tommy Thompson Arrested in Florida
(DBN)

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Coal:

Alpha shutdowns reflect US sector’s gloom
(DBN)

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Student Debt:

Private-Student Lenders Draw CFPB Review Over Debt Refinancing
(DBN)

The Student Loan Rule Change That Could Hurt Parents
(DBN)

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Politics:

Bernie Sanders is right to be outraged
(DBN)

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Distressed Investing:

Minimizing Risks, Maximizing Returns in Distressed M&A
(DBN)

Investors Prepare to Pounce on Possible Uptick in Restructurings
(DBN)

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Aviation:

Loss legacy: The trials of older airlines
(DBN)

Skymark Shares Plunge by Record After Bankruptcy --- Turbulent times for Skymark --- Skymark undone by ‘reckless’ expansion
(DBN)

Nigeria: Domestic airlines threatened by bankruptcy
(DBN)

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Tech:

How 'precarious' are Jawbone's finances?
(DBN)

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Weather:

New storm rumbles toward New York, Boston
(DBN)

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Economy:

US GDP Falls to Just 2.9% in 4Q
(DBN)

Obama budget likely 'dead on arrival'
(DBN)

Obama Middle Class Economics: Who Benefits?
(DBN)

CNNMoney: Best Jobs in America
(DBN)

US consumer sentiment rises to best since 2004
(DBN)

Consumers to the Rescue as U.S. Companies Step Back
(DBN)

Young adults earn $2,000 less today than their parents did in 1980, adjusted for inflation --- Millennials are eternally optimistic about their finances
(DBN)

Wages Still Aren't Growing Much --- Better times haven’t translated into pay raises yet
(DBN)

Big Risk Of Global Deflation
(DBN)

These ETFs are telling us the economy is in trouble
(DBN)

Here are 3 men who are being considered for top spots at the Fed
(DBN)

Obama proposes 14 percent tax on US companies' untaxed foreign earnings --- Obama: Tax Overseas Profits to Build Roads
(DBN)

56% of credit scores subprime, study finds
(DBN)

Roubini: Here's what the market hacks are getting wrong
(DBN)

United Steelworkers Union tells members to go on strike at major refineries
(DBN)

The era of city-dwelling millennials is coming to an end
(DBN)

Why lower oil prices won't lead to a 'deflationary spiral'
(DBN)

5 of the most lucrative college majors for any undergrad
(DBN)

The upper middle class is ruining America
(DBN)

Fact Check - Ted Cruz: "Today the top 1 percent earn a higher share of our national income than any year since 1928."
(DBN)

NFL Gets Billions in Taxpayer Subsidies
(DBN)

US High Yield Distress Ratio Opens 2015 at Elevated 13.4%
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Real Estate Cases: You May Want to Think Twice Before You File
(DBN)

US Justice Dept probing Moody's for mortgage deal
(DBN)

Two Judges Who Get It About Banks
(DBN)

NY Federal judge slams Wells Fargo for forged mortgage docs
(DBN)

Home Loan Servicing Solutions fires back at mortgage-negligence claims
(DBN)

Some who lost homes feel forgotten in foreclosure settlements
(DBN)

KS: Lindemuth bankruptcy plan approved; lenders to be paid
(DBN)

Brooklyn is officially the most unaffordable housing market in America
(DBN)

Too Many Condos in New York City?
(DBN)

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Municipalities:

Atlantic City struggles despite Christie's deep involvement
(DBN)

Atlantic City to investors: Gamble on our bonds
(DBN)

There must be a solid economic plan for future of A.C.
(DBN)

Should Atlantic City file for bankruptcy ? Some say yes
(DBN)

Bankruptcy case in Austin has ties to Texas technology fund --- Texas' Privatization: With State's Contractors, Failure is Always an Option
(DBN)

Philly: Should the School District Declare Bankruptcy ?
(DBN)

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Oil/Gas:

Mon. A.M.: Oil futures swing higher, briefly hit $50 a barrel --- Oil prices rally above $55 as investors pile in
(DBN)

OPEC just got very bullish on oil --- OPEC oil output rises in January as key members stand firm: survey
(DBN)

Oil surges 8 pct as US rig count plunges, shorts scramble --- U.S. Oil Jumps as Number of Drilling Rigs Drops
(DBN)

Oil Companies Draw on Creative Financing to Stay Afloat After Prices Tumble
(DBN)

After Oil's Friday Surge, Is The Bottom Finally In?
(DBN)

Bankers See $1 Trillion of Zombie Investments Stranded in the Oil Fields --- Texas banker: Let the reckless oil companies die
(DBN)

Falling oil prices to spur bankruptcy storm
(DBN)

Oil Stocks: The $393 Billion Wealth Wipeout
(DBN)

Counterparty Rights in Energy Bankruptcies
(DBN)

Falling Oil Prices Give Rise to Turnaround Prospects
(DBN)

Will gas ‘tax cuts’ pump U.S. economy?
(DBN)

Wall Street prepared for bad news from the energy companies, but so far it's been worse than expected
(DBN)

The American shale boom warped the oil production cost curve
(DBN)

Texas bank CEO not sweating plunge in oil
(DBN)

Which States Will Suffer The Most From The Oil Bust?
(DBN)

Oil Workers in U.S. on First Large-Scale Strike Since 1980
(DBN)

Louisiana Squeezed as Oil Prices Drop --- Big Oil needs to go on a diet now that the $100 a barrel party is over --- Oil prices drop, oil jobs take the fall
(DBN)

Oil drilling slows in Wyoming as prices drop
(DBN)

Lariat cuts 265 Permian workers
(DBN)

$20 billion in cuts speak to state of oil firm finances
(DBN)

Oil crash: 'Drill, baby, drill' loses momentum
(DBN)

Goodrich Petroleum cuts oil drilling in Miss., La.
(DBN)

For traders, oil's plunge takes a toll on egos and accounts
(DBN)

ND oil employees see work hours cut as oil prices slump
(DBN)

Oil related layoffs underway in Colorado
(DBN)

Chevron slashes spending as oil prices crash
(DBN)

Where is global oil money going? To health care --- This Oil Chart Shows the Real Global Oil Supply Story
(DBN)

North Dakota may lose $5.5 billion in revenue as oil plunges
(DBN)

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Corporate Reform:

Federal regulators are preparing rules for pay day loans to protect the borrowers
(DBN)

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Tax:

IRS Rules Foreign Debt Discharge Excluded From Income if Recognized Under Chapter 15
(DBN)

IRS Must Answer for Levy on 10-Year-Old
(DBN)

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Shipping:

Bulk commodity shipping rates fall sharply
(DBN)

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Lehman:

Lehman Brothers Holdings Inc. Files Updated Cash Flow Estimates
(DBN)

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Consumer Finance:

FTC Hits Two Auto Title Lenders
(DBN)

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Banking:

Dusting Off FIRREA: Old Statute Poses Challenges for Financial Institutions
(DBN)

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Television:

Here are all the commercials that ran during the Super Bowl, in order --- Nationwide's Super Bowl ad about dead kids was a huge buzz kill
(DBN)

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Opera:

Should New York City Opera Stay Dead?
(DBN)

____________

Theatre:

NY: Surflight Theatre board seeking long-term financial solutions
(DBN)

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Museums:

Umpqua Bank fights Evergreen Vintage bankruptcy effort, says it was about to foreclose on aircraft
(DBN)

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Education:

AR: Jonesboro School Files for Bankruptcy , Lists $2.1M in Debts
(DBN)

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Alternative Energy:

New Report Destroys the Biofuel Claim
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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:

ND IN: Bankruptcy filings dip in '14
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Cross-Border:

The Resolution of Global Financial Institutions and Chapter 15
(DBN)

Fairfield Sentry: "Within the Territorial Jurisdiction of the U.S."
(DBN)

Extraterritorial Recovery of Avoidable Transfers and Comity
(DBN)

Barnet: Satisfying the Technical Jurisdictional Requirements for Chapter 15
(DBN)

Rede Energia: Recognition of Foreign Plans Under Chapter 15
(DBN)

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Bankruptcy Reform:

ABI Chapter 11 Reform Commission: Section 363 of the Bankruptcy Code (No More Quick Sales?)
(DBN)

Overview and Analysis of Select Provisions of the ABI Chapter 11 Reform Commission Final Report and Recommendations
(DBN)

Random Thoughts on Reform
(DBN)

Panelists discuss changes to Bankruptcy Code
(DBN)

____________

Claims Trading:

Not For The Unwary: Claims Trading Strategies
(DBN)

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Management:

Cultivating Employees Often Overlooked in Turnarounds
(DBN)

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Entrepreneurs:

The 'Shark Tank' investors agree that this is the worst pitch they've seen on the show
(DBN)

____________

Retailing:

Final Days For RadioShack Corporation Before It Files For Bankruptcy
(DBN)

Could RadioShack use that $3 billion now?
(DBN)

Standard General may act as lead bidder for RadioShack
(DBN)

RadioShack, Hedge Fund Hashing Out Auction Process
(DBN)

RadioShack is expected to announce store closings
(DBN)

Target's road out of Canada becomes clearer
(DBN)

The fall — and overhaul — of the American mall
(DBN)

Cache said to plan liquidation after filing for bankruptcy
(DBN)

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Healthcare:

Consumers still struggling with medical debt
(DBN)

Bankruptcy meeting of creditors reveals facts about Archer Nursing Center
(DBN)

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Non-Profits:

YMCA emerges from bankruptcy after judge OKs reorganization
(DBN)

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Fraud:

Clients say Knoxville woman stole millions for life of luxury
(DBN)

Pair sentenced to prison for $665 million financial fraud
(DBN)

The house that Ira Rennert built
(DBN)

BMO fights lawsuits seeking billions over customer's Ponzi scheme
(DBN)

Sheldon Silver and lawyers in politics
(DBN)

January 2015 Ponzi Scheme Roundup
(DBN)

____________

Sovereigns:

Defaulted Cuban loans appeal to frontier investors
(DBN)

____________

UK:

Insolvencies fall to nine-year low
(DBN)

Creditors to seize control of Towergate
(DBN)

Deloitte successfully appeals MG Rover misconduct charges
(DBN)

Wolves stars in cash deal crisis
(DBN)

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PIIGS:

Greece wants time for new deal, 'cold turkey' on debt --- Greece: The dangerous game --- Media Misinformation On Greece Misleads European Leaders --- How Greece could run out of cash and what Draghi can do about it --- Germany is done writing off Greece's debt --- At heart of new euro crisis: Germany's obsession with debt --- Greece on collision course with Brussels after Merkel backs hardline debt stance --- Italy sends mixed signals on Greek debt --- Greece's problems are the result of the eurozone having no fiscal policy --- Greek minister wants to link debt payments to growth --- Greek deputy PM says no fears of ECB cutting support to banks --- Greek PM Tsipras rules out turning to Russia for aid --- Syriza pledges to end 'failed austerity experiment' --- Syriza is right about Greece's unbearable debt and everyone needs to realize that --- Time is not on young Greek PM's side --- ECB's Constancio signals Greek waiver may end if program dropped
(DBN)

No lending to Greek banks if no deal by end of February --- Greece asks ECB to keep banks afloat as Tsipras pitches deal --- What the ECB is doing to Greek banks is outrageous
(DBN)

Greece Hires US Investment Bank for Debt Help
(DBN)

Greece starts drive to sell new debt deal to doubting Europe
(DBN)

There will be a major cancellation of debt in Europe — but it's not in Greece
(DBN)

Now Markets Get to Vote on Greece's New Government - Depositors continue to flee the banks, and Greek 10-year bond yields rose roughly two percentage points this week
(DBN)

So Whose Problem Is Greek Debt, Anyway?
(DBN)

Grexit is an avoidable catastrophe for the eurozone
(DBN)

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Canada:

RCMP charge former Seaquest executives with fraud
(DBN)

Five charged with fraud and money laundering in $92-million Ponzi scheme
(DBN)

Canada's GDP: Troubles in Every Sector
(DBN)

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China:

China Factory Gauge Sinks to First Contraction in Two Years
(DBN)

Kaisa Bonds Drop as Sunac Purchase Damps Rescue Speculation
(DBN)

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Mexico:

Mexico cuts spending on oil shock
(DBN)

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The Netherlands:

The Netherlands Proposes Modern Restructuring Legislation
(DBN)

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Brazil

Brazil OAS says to appeal court decision seizing its assets
(DBN)

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Ukraine:

Ukraine Peace Talks Collapse --- Deadly Clashes in East Ukraine After Peace Talks Fail
(DBN)

Report: The US is now considering arming Ukrainian forces
(DBN)

More Russians expect full scale war with Ukraine, poll shows
(DBN)

____________

Russia:

Russian economy shrinks sharply: HSBC --- Morgan Stanley: Russia is Doomed --- Ruble Slumps Fourth Day on Rate Cut as $10 Billion Debt Looms --- Russian Manufacturing at Weakest Since 2009
(DBN)

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Lithuania:

In January, bankruptcies increased by a third in Lithuania
(DBN)

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Venezuela:

Major US companies stand to lose billions in the Venezuela economic crisis
(DBN)

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