March 18, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Are you a workplace ‘flight risk’? Average tenure in legal jobs is 5.4 years
(DBN)

ATL March Madness: Which Perk Do You Want From Your Firm?
(DBN)

Ballard Spahr Names Bankruptcy Partner As Head Of San Diego Office
(DBN)

5 Things Law Firms Should Never Say In A Beauty Contest
(DBN)

Reed Smith adds restructuring and bankruptcy partner in Singapore
(DBN)

Defense rests in Las Vegas HOA criminal trial; says that GC didn’t know of the fraud
(DBN)

Law Professors Make Bank While Their Students Drown In Debt
(DBN)

Law Schools Face New Rules on Reporting Graduates' Success
(DBN)

The Top 10 Law Schools With The Most Heavily Indebted Graduates
(DBN)

Is Understanding Technology A Paralegal’s Job Or An Attorney’s Job?
(DBN)

Beyond Biglaw: The 30/10 Rule
(DBN)

Business of Law
(DBN)

Billable Hours Just Say No
(DBN)

It’s Time to Start Caring About Your Website
(DBN)

Envisioning Profits, Law Firms Find Tough Market in China, Study Says
(DBN)

Righting a ‘grievous wrong,’ California justices grant posthumous law license to Chinese immigrant
(DBN)

15 body language blunders successful people never make
(DBN)

Rich people and psychopaths tend to have 7 distinct traits in common
(DBN)

Police say naked man standing in doorway not breaking law, neighbors fed up
(DBN)

Cops: Man broke into neighbors' house to take back Christmas gift they 'did not appreciate'
(DBN)

Durst Held Without Bail in New Orleans --- Jinx Producers Have to Answer When They Found Durst Evidence
(DBN)

N--- sunbather, 77, agrees to plea deal in case over his backyard practice
(DBN)

Why police sometimes shoot people instead of Tasering them
(DBN)

Two Florida judges dismiss 24,000 red-light camera tickets in one county
(DBN)

______________

Judges:

Judge Harlin D. Hale Inducted into the American College of Bankruptcy
(DBN)

Justice Ginsburg Gets Best Shirt Ever For Her Birthday
(DBN)

Lawyer is accused in additional courthouse bomb threats
(DBN)

______________

Wall Street:

Futures lower as Fed meeting to conclude
(DBN)

Dow, S&P end lower; Fed statement awaited
(DBN)

Global equities drop, oil at six-year low
(DBN)

US stocks fall ahead of Fed meeting
(DBN)

One chart that shows just how ridiculously huge Wall Street bonuses are
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Holidays:

The bloody origins of Britain's St. Patrick's Day shamrock tradition
(DBN)

____________

Aviation:

American Airlines soars from bankruptcy to S&P 500 club
(DBN)

Emirates' president to U.S. airline competitors: I expect an apology
(DBN)

____________

Gambling:

Caesars dissolves deals with Kansas City Chiefs, others
(DBN)

Caesars says lawsuits raise 'going concern' doubts
(DBN)

Caesars bankruptcy hangs over related stocks
(DBN)

Bankruptcy judge allows Caesars to void several deals
(DBN)

Icahn Approved to Become New Owner of Trump Taj Mahal
(DBN)

____________

Environmental:

Toxic Exide Plant in Vernon Won't Actually Go Away For Years
(DBN)

____________

Publishing:

In Surprising Move, Family Christian Withdraws Bankruptcy Sale Motion --- Owner pulls 'stalking horse bid' objected to by creditors and US trustee --- Publishers sue Family Christian Stores over bankruptcy plan
(DBN)

____________

Mass Torts:

A corruption of the Rule of Law
(DBN)

____________

Student Debt:

There's a Catch to Income-Based Repayment That Could Cost You Money
(DBN)

You Can’t Discharge Your Student Loans In Bankruptcy Because Of Panicked 1970s Legislation
(DBN)

Obama Administration Mulls Graduate Loan Forgiveness Plans
(DBN)

____________

Financial Advisers:

SEC Head Backs Fiduciary Standards for Brokers, Advisers
(DBN)

____________

Alternative Energy:

House Republicans make push to kill auto loan program
(DBN)

____________

Prisons:

Controversial Texas prison faces closure after government cancels contract
(DBN)

____________

Coal:

Forecast US coal production at risk
(DBN)

Asia Resource Minerals, bondholders agree to restructure debt
(DBN)

____________

Healthcare:

Goodbye to Employer Provided Health Care
(DBN)

Treating cancer becomes 10% more expensive for Americans every year
(DBN)

____________

Ethanol:

Ethanol Isn't Going Away Anytime Soon
(DBN)

____________


Economy:

Meet the new debt ceiling: $18,113,000,000,000
(DBN)

House GOP Budget Cuts $5.5 Trillion in Spending --- House Budget Does Not Specify 'Draconian Cuts' Required to Reach Its Goal --- House Republican Budget Overhauls Medicare and Repeals the Health Law
(DBN)

Why Federal Budgets Aren't What You Think They Are --- Budget Basics: What to Know and What to Watch For
(DBN)

Dollar Slides as Worst Data Misses Since '09 Cloud Fed Outlook
(DBN)

Lew: US Influence in Global Finance Challenged
(DBN)

Economist blasts this popular economic indicator with a devastating tweet
(DBN)

North Dakota has the lowest jobless rate
(DBN)

National Credit Default Rates Report Mixed Results in February 2015 According to the S&P/Experian Consumer Credit Default Indices
(DBN)

Rich kids benefit from Internet; poor kids don’t
(DBN)

The Rumpus Over Seattle's $15 Minimum Wage And Restaurant Closures
(DBN)

America is a country built by immigration, but nothing in its history compares to the rise in its Hispanic population
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing construction plummets in February --- Housing starts see biggest collapse since January 2007 ---- Here’s what a ton of snow can do to housing starts --- All is not lost in housing starts free-fall, economists say
(DBN)

Let Building Permits Tell Tale Of February Home Construction
(DBN)

Millions of 'underwater' homeowners are trapped
(DBN)

LIHTC exit strategies: Loan sale
(DBN)

Billions in U.S. Mortgage Aid Flow Through Nonprofit in Turmoil
(DBN)

FHFA watchdog: Another Freddie, Fannie bailout could happen
(DBN)

JPMorgan to buy $45B in Ocwen MSRs
(DBN)

The US cities where it takes the longest to be able to afford a home
(DBN)

Wake Forest wedding venue falls into foreclosure
(DBN)

____________

Municipalities:

San Bernardino has defaulted on $10 million in bond payments
(DBN)

Bankruptcy judge rules San Bernardino can reject contract with city police
(DBN)

Q & A: California public worker pensions at risk
(DBN)

What Do the State of Illinois and a Boiling Frog Have in Common?
(DBN)

____________

Fraud:

Judge says it's time to set timetable to settle Tom Petters bankruptcy claims
(DBN)

SIPA Trustee for Madoff Liquidation Seeks Supreme Court Review of Second Circuit Decision Regarding "Safe Harbor/ Stockbroker" Defense
(DBN)

Madoff trustee to high court: Ruling blocking $4B in payouts
(DBN)

Billionaire Rennert to Prevail in Legal Troubles
(DBN)

____________

Student Debt:

A 21-year-old who's refusing to pay back her student loans compares her cause to Rosa Parks' fight
(DBN)

____________

Taxis:

Here's when using Uber is cheaper than hailing a yellow taxi
(DBN)

____________

Oil/Gas:

Weds. A.M: Brent slips after industry data shows US stocks at new record high --- U.S. oil trades below $43 ahead of supply report
(DBN)

Tues. P.M.: Brent up, US crude down in volatile trade; stockpiles eyed --- Crude oil tumbles below $43 a barrel --- API data show 10.5 mln-barrel rise in US crude supply --- Oil Crashes A Second Time - What’s Next?
(DBN)

Moody’s: North American oil companies cut capital spending 41 percent in 2015 --- ConocoPhillps slashes spending plans for coming years
(DBN)

Quicksilver Resources Files Bankruptcy as Gas Price Drops --- Quicksilver Resources Files Voluntary Chapter 11 Petitions --- Quicksilver carries more than $1 billion in debt into bankruptcy --- Quicksilver Resources Files for Chapter 11 Bankruptcy Protection - Oil-and-gas exploration company failed to find a buyer to improve its finances --- Time runs out as Quicksilver files for Chapter 11 bankruptcy protection --- Crestwood Midstream Responds to Quicksilver Bankruptcy Filing
(DBN)

Samson Resources nearing deal for loan waiver
(DBN)

Is bankruptcy next for Sabine Oil & Gas?
(DBN)

Carbo Ceramics cuts jobs, dividend as oil plunges
(DBN)

U.S. Oil, Gas Workforce Has Only Just Begun to Fall as Rig Count Drops
(DBN)

100,000 Layoffs and Counting: Is this the New Normal?
(DBN)

Oil producer Nexen cuts workforce by 400
(DBN)

Feds: Market forces pushing offshore rig counts down
(DBN)

Oil production falling in three big shale plays, EIA says
(DBN)

Why oil futures may tumble 10% this week
(DBN)

This fracker is likely to keep the U.S. oil flowing
(DBN)

Saudis Claim Conspiracy Theorists, Not OPEC, To Blame For Oil Price Crash
(DBN)

____________

Education:

New York Military Academy filed for bankruptcy protection
(DBN)

Alumnae are fighting to stop an imploding college from closing, and one court case could provide a 'legal roadmap' for them to do it
(DBN)

____________

Telecoms:

New LightSquared bankruptcy exit plan has Ergen's support
(DBN)

Big Telecom: Fighting FCC's Utility Label While Benefiting From It In Customer Bankruptcies
(DBN)

____________

Retailing:

RadioShack starts another layoff at its Fort Worth headquarters --- More layoffs at RadioShack as company prepares for store sale
(DBN)

Is Your RadioShack Staying Open?
(DBN)

'We inherited one big mess:' Colleen Brown's plan to turn around American Apparel
(DBN)

Blue Mountain lenders sue relatives of loan agency owner, manager
(DBN)

Retail in 2015: A Reality Check
(DBN)

____________

Corporate Reform:

House Republicans take aim at Dodd-Frank in budget plan
(DBN)

____________

Nuclear:

New Centrus CEO to make $1.7 million --- Centrus (f/k/a USEC) files first results
(DBN)

____________

Religion:

Pope’s pedophile policy faces test
(DBN)

____________

Theater:

Bankruptcy Petition Shows Surflight Was in Desperate Financial Shape
(DBN)

____________

 


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 (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Poll: Retail could push Ch. 11 bankruptcies to rise
(DBN)

Will Lower Unemployment Drive Bankruptcies?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

ABI Commission Report – Valuation Issues – “Redemption Option Value”
(DBN)

____________

Involuntary Bankruptcy:

Petitioning Creditor Concerns in Involuntary Chapter 11
(DBN)

____________

Avoidance Actions:

The Fifth Circuit Slices The Golf Channel Into The Pond
(DBN)

____________

Deepening Insolvency:

“Deepening Insolvency” Staggers On
(DBN)

____________

Sales:

Bankruptcy Sales: The Stalking Horse
(DBN)

____________

Professional Compensation:

Bankruptcy Court Denies Debtor’s Request to Pay Estate Professionals with Cash Collateral
(DBN)

____________

Exemptions:

Ninth Circuit BAP Holds Law v. Siegel Precludes Barring a Debtor’s Amendment of Exemptions on Grounds of Bad Faith or Equity
(DBN)

____________

Food/Beverage:

Frozen-Meal Maker Gourmet Express Files for Bankruptcy
(DBN)

USDA Raises Hurdles to Bankruptcy Sales of PACA-Regulated Produce Businesses
(DBN)

Starbucks' push to make baristas talk about race sounds like it could be disastrous --- Starbucks' Push Into Race Relations Draws Fire --- Why the Starbucks 'Race Together' Campaign Is Bad for Business --- Starbucks has an awkward plan to heal race relations in America --- The Flat Black and White Politics of Starbucks
(DBN)

____________

Toll Roads:

Counties made Toll Road pitch in NYC
(DBN)

Indiana Toll Road execs to share $2.45 million bonus
(DBN)

____________

Guardrails:

Guardrail Whistleblower Puts Own Company Into Bankruptcy --- Guardrail Whistle-Blower's Company Seeks Court Protection
(DBN)

____________

Fishing:

Pescanova board, banks disagree over restructuring plan for subsidiaries
(DBN)

____________

Shipping:

Korea's Daebo Shipping Seeks U.S. Bankruptcy Protection
(DBN)

____________

Soccer:

Parma chief arrested for alleged money laundering
(DBN)

____________

Sovereigns:

Citigroup to exit Argentina custody business --- Citibank to Drop Argentine Bond Custody After U.S. Ruling
(DBN)

Kicillof warns Citibank 'breaking Argentine law has consequences'
(DBN)

____________

UK:

UK High Court halts Egyptian association bankruptcy
(DBN)

U.K. Unemployment at 6-Year Low in Budget Boost for Osborne
(DBN)

Stonehill Capital signs confidentiality deal with Phones 4u administrators
(DBN)

____________

EU:

Debunking Europe's $1.4 trillion debt myth in post-Heta age
(DBN)

____________

PIIGS:

Dijsselbloem says Greek cash running out; Athens rejects 'blackmail'
(DBN)

Greek bailout crisis: We should pay reparations for Nazi war crimes, say top German politicians
(DBN)

Greek PM brings forward Russia Putin trip
(DBN)

ie: David Drumm seeks more time to file appeal papers in US
(DBN)

In Portuguese factory, echoes of Europe's fight for jobs
(DBN)

Portugal's deficit target too ambitious, says IMF
(DBN)

____________

Canada:

Target Canada began thinking of closing last summer
(DBN)

____________

Brazil:

The judge seen driving Eike Batista's seized Porsche admits he also embezzled $265,000 in drug money
(DBN)

____________

Japan:

BOJ keeps record stimulus with inflation set to stall
(DBN)

____________

China:

China Graft Probe Snares Another Developer After Kaisa Flirts With Default
(DBN)

China Home Prices Extend Slide in February --- China's house price crisis is creating a perverse bubble
(DBN)

____________

Ukraine:

Ukraine Hikes Benchmark Interest Rate to 30%
(DBN)

____________

Andorra:

Thousands wait for cash as Andorran money laundering probe deepens
(DBN)

____________

Bulgaria:

Bromak's Full Statement on Bank Insolvency Act Changes in Bulgaria
(DBN)

____________

Australia:

ASIC data on corporate insolvencies: March 2015
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2015