April 29, 2016

The Daily Bankruptcy News

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Law:

Parting is Such Sweet Sorrow: Why Did You Walk Away, Pepper?
(DBN)

John Lyons joins DLA Piper’s Restructuring practice in Chicago
(DBN)

At Dickstein, Being a ‘One Stop’ Shop Worked, Until it Didn’t
(DBN)

Ex-Associate’s Reddit Post on Gender Bias Strikes a Chord
(DBN)

Why I Quit Big Law For a Toy Company
(DBN)

Nice Bosses Do No Better (or Worse) Than Nasty Ones
(DBN)

Lawyers Attack Rivals in TV Spots
(DBN)

Squire Patton Expresses Commitment to Women in Response to Op-Ed
(DBN)

More law firms help associates find lenders to refinance student debt; will firms help pay?
(DBN)

Law Revue Video Contest 2016: The Winner!
(DBN)

Reinventing The Law Business: Year-Over-Year Growth Comparisons – Dumb And Dumber
(DBN)

Harvard Law Student Is Rude, Not Anti-Semitic Say His Defenders
(DBN)

In-House Counsel Take On More And More Responsibility, But Is That A Good Thing?
(DBN)

Lawyer Who Chaired White & Case For Decades Dies at 82
(DBN)

Biglaw Lawyers Act Like Jerks For No Good Reason
(DBN)

My Cousin Vinny Teaches You What You Need To Know About Being A Lawyer
(DBN)

"Ruthless" Citibank culls its London lawyers
(DBN)

Sedgwick Partner Can’t Dismiss Defamation Suit
(DBN)

BigLaw firm seeks $3.7M from attorney’s estate, says he intentionally filed ‘bogus case’
(DBN)

Lawyers Do Good (Really)
(DBN)

“Agile Working” and Office Design
(DBN)

Law School Rankings By Employment Outcomes: Florida, Texas
(DBN)

How Your Nastiness During Law School Finals Will Impact Your Life As A Lawyer
(DBN)

The U.S. News Law School Rankings: Engines Of Anxiety
(DBN)

How to be assertive rather than aggressive
(DBN)

‘Chat Bots’ Provide Opportunity to the Legal Profession
(DBN)

Baltimore police shot a 13-year-old boy who was carrying a fake gun Witness: Teen Said "It's Not Real" About BB Gun Before Baltimore Cops Shot Him
(DBN)

North Carolina Is Still Open For Business All of the Musicians Canceling NC Shows
(DBN)

What’s Wrong With The Criminal Justice System: Dennis Hastert Edition
(DBN)

The Sleep Revolution - That fad/trend will likely just trigger smirks in legal sector
(DBN)

Thousands of New Yorkers named as apparent Islamic State targets
(DBN)

Law authorizing garbage inspections for composting scofflaws violates privacy rights, judge rules
(DBN)

O--- s-- with intoxicated, unconscious person isn’t a crime, state high court rules
(DBN)

FBI arrests brother of San Bernardino terrorist and 2 others on marriage fraud charges
(DBN)

Indictment claims criminal defense lawyer coerced s-- with nine court-appointed clients
(DBN)

Aggressive marketing of the week
(DBN)

New Jersey Man Loses Mercedes After Police Arrest Him For $12,000 In Unpaid EZ Pass Tolls
(DBN)

Top Florida court strikes state statute that paid worker’s comp lawyer $1.53 per hour
(DBN)

Firm celebrates Prince death with desperate marketing
(DBN)

On ‘Better Call Saul,’ Characters Are Blowing In The Wind
(DBN)

______________

Judges:

Federal Judge Steps Down After Harassment Complaint?
(DBN)

Alabama’s chief justice blames legal troubles on a ‘transvestite’
(DBN)

When Smart Supreme Court Justices Play Dumb
(DBN)

George Mason Faculty Senate Votes 21-13 To Oppose Naming Law School For Justice Scalia
(DBN)

Judge says she didn’t know Muslim woman’s scarf was a religious statement, not a fashion statement
(DBN)

______________

Wall Street:

Futures little changed as oil prices hit new 2016 high
(DBN)

Stocks Close Sharply Lower Following Late-Day Sell-Off
(DBN)

______________

Layoffs:

The brutal cull on Wall Street (probably) isn't finished yet
(DBN)

Caterpillar to Shut 5 US Plants
(DBN)

More layoffs announced at Wyoming coal mines
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

When Sports Authority closes, these retailers win
(DBN)

‘Free’ Shipping Crowds Out Small Retailers
(DBN)

Store closing sales: Why you won't save as much as you think
(DBN)

____________

Alternative Energy:

A Small Hope For SunEdison Shareholders
(DBN)

Solyndra vs. SunEdison: 2 bankruptcies show how solar has changed
(DBN)

____________

Taxis:

Uber drivers will make more for waiting
(DBN)

____________

Defaults:

Fitch: Institutional Loan Market Defaults Surpass $1 Billion for Sixth Straight Month
(DBN)

____________

Pensions:

$9.7M settlement to aid Kodak retirees hurt in bankruptcy
(DBN)

Private Equity Funds Unexpectedly Liable for Pension Liabilities of Portfolio Company; Possible Impact on Fund Income Tax Positions
(DBN)

____________

Turnarounds:

Distressed Lending: When to Consider Collateral over Cash Flow for Underwriting Term Loans
(DBN)

____________

Healthcare:

Methodist Health System buying bankrupt Texas hospital: 5 things to know
(DBN)

For Nebraska’s Poor, Get Sick and Get Sued
(DBN)

____________

Student Debt:

White House steps up effort to reform student loan servicing to stave off rising defaults
(DBN)

____________

Electricity:

Hunt-led Investors Scramble to Save Oncor Buyout
(DBN)

Bankrupt Energy Future Holdings likely to ditch $18B Hunt-led play for Oncor Energy Future Holdings says Oncor sale is dead
(DBN)

Energy Future Says Investors Balk at $17 Billion Buyout of Oncor
(DBN)

____________

Lehman:

Lehman Trustee Seeks 4th Creditor Payout
(DBN)

____________


Economy:

US economy stalls in first quarter as activity weakens broadly First-Quarter U.S. GDP – At A Glance US Economy Grew 0.5% in First Quarter, Slowest Pace in 2 Years U.S. Growth Falters Amid Consumer, Business Caution BEA: Real GDP increased at 0.5% Annualized Rate in Q1 Thursday's big GDP report can say anything you want about the US economy Nobody is exactly sure what just happened to the world’s largest economy
(DBN)

The Trouble with GDP
(DBN)

This Economy Isn't Too Disappointing
(DBN)

US Economic Confidence in Economy is Low
(DBN)

Kansas City Fed: Regional Manufacturing Activity "declined modestly" in April
(DBN)

The Impossibility of Reviving American Manufacturing
(DBN)

U.S. Jobless Claims Hover Near Lowest in Four Decades Weekly Initial Unemployment Claims increase to 257,000, Lowest 4-Week Average since 1973
(DBN)

Study: Credit Demand Remains High in the US
(DBN)

Paul Ryan News Conference: Puerto Rico, Economy, India
(DBN)

Obama's Economic Disappointment
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Freddie Mac: Mortgage rates slightly increase, still well below 4%
(DBN)

This Home May Show That People Are Still Seeing Red Over the Housing Collapse
(DBN)

Ocwen foreclosures frozen after National Mortgage Settlement compliance failure
(DBN)

March Pending Home Sales Hit Highest Level in Almost a Year
(DBN)

U.S. Homeownership Rate Falls Again, Nearing a 48-Year Low
(DBN)

In housing’s uneven recovery, 80 miles separate two Californias
(DBN)

Renters More Worried About Housing Costs Than Homeowners
(DBN)

Cash homebuyers threaten to overheat some markets
(DBN)

____________

Municipalities:

Chapter 9 Revisited: Preparing for the Next Down Turn
(DBN)

On Eve of Default, Puerto Ricans Are Broke and Feel Out of Luck
(DBN)

Puerto Rico's Fate in Congress Rests With Ex-High School Teacher
(DBN)

Mystery: Strom Thurmond, Puerto Rico and bankruptcy protection
(DBN)

Treasury, House panel getting 'very close' on Puerto Rico debt bill
(DBN)

Puerto Rico's Power Utility Said to Seek Restructuring Extension
(DBN)

What happens in Puerto Rico won't stay there
(DBN)

Puerto Rico Bailout Will Encourage Illinois
(DBN)

How Puerto Rico's debt bomb could blow up on the mainland
(DBN)

Why did Ted Cruz send his dad to Puerto Rico ?
(DBN)

How To Save Puerto Rico
(DBN)

Puerto Rico to Call Moratorium If May Bond Payment Isn't Delayed
(DBN)

Puerto Rico Debt Crisis: Default On Looming $422M Payment Could Worsen Financial Chaos On The Island
(DBN)

In the midst of crisis, Puerto Rico and Tito Acosta fight back
(DBN)

PROMESA Could Be The Answer For Puerto Rico's Woes
(DBN)

Governor Christie on AC: The Speaker Is The Only Obstructionist Left To This Plan
(DBN)

Guardian says bankruptcy would hurt Atlantic City
(DBN)

East Cleveland petitions state for bankruptcy protection
(DBN)

____________

Oil/Gas:

Resurgence in Energy Bankruptcies Prompts New Edition of Book
(DBN)

Top Oil Service Firms Mull North America Retreat As Losses Mount
(DBN)

ConocoPhillips cuts spending further, posts loss
(DBN)

Oil Prices Jump To Six-Month High Crude rally continues
(DBN)

Saudi Oil Exports To U.S. Reach 11-Month High
(DBN)

How The Debacle At Doha Marked The End Of An Era
(DBN)

50% Of Proved Oil Reserves May Have Just Vanished
(DBN)

Analysts Aren’t Buying the Oil Rally
(DBN)

Ultra Petroleum Requests 'First Day' Energy XXI Bankruptcy Documents - Bankruptcy Filing Within 48 Hours?
(DBN)

Pacific Exploration gets court approval for $500 mln DIP facility
(DBN)

Debacle at Doha: The Collapse of the Old Oil Order
(DBN)

Bare-Bones Customer Spending Cuts Deeply Into National Oilwell Varco, Inc.'s Results
(DBN)

As U.S. Oil Rigs Shut Down, Job Pain Spreads Across Cities
(DBN)

Overleverage in the Oil and Gas Industry: Effects on Bank Redeterminations
(DBN)

SembMarine expects protracted O&M down-cycle
(DBN)

Scientists Worry About US Oil, Gas Boom
(DBN)

Venezuela desperate for higher crude prices
(DBN)

BP’s Quarterly “Profit” May Not Be What It Seems
(DBN)

Pemex Posts 14th Straight Loss as Spending Cuts Crimp Output
(DBN)

Another year in the red for oil and gas industry : report
(DBN)

____________

Politics:

'Lucifer in the flesh': John Boehner unloads on Ted Cruz Satanists are furious that Boehner compared Ted Cruz to the Dark Lord John Boehner just confirmed everything liberals suspected about the Republican Party Cruz Picks His Dream Team But Can't Escape Reality Ted Cruz: John Boehner 'allowed his inner Trump to come out'
(DBN)

Legendary Hoosiers basketball coach delivered a bizarre introduction of Donald Trump Matt Lauer to Donald Trump: 'Do you even care' that so many women have a negative view of you? Even Chris Christie’s wife struggled to control herself after Trump’s “women’s card” remarks Trump's big speech showed his foreign policy is all instincts, no knowledge Trump's 'America first' speech alarms US allies Trump says our allies have to pay up. Obama's been saying that for years. Saving the Republican Party After Trump
(DBN)

Ouch! Turn Off the Lights, GOP Party is Over
(DBN)

Icahn: GOP Doesn't Understand Economics
(DBN)

John Kasich Loses on Terrain He’d Hoped to Be Friendly
(DBN)

Hillary Clinton says half of her cabinet will be female Donald Trump: Hillary Clinton Would be Nowhere in Politics If a Man What Hillary Said Behind Closed Doors
(DBN)

What Sanders and Trump Understood
(DBN)

Puerto Rico's Likely Default May 1 Not Fazing House Republicans
(DBN)

____________

Celebs:

Petey Pablo Files For Bankruptcy Again
(DBN)

Teresa Giudice Legal Malpractice Lawsuit Bankruptcy Lawyer To proceed
(DBN)

A judge confirms Prince had no will and appoints his bank to oversee $250 million estate Those in charge of Prince estate face ‘horribly speculative’ task of valuing publicity rights
(DBN)

Curt Schilling blasts ESPN
(DBN)

____________

Television:

The Company Behind 'American Idol' Just Filed for Chapter 11 `American Idol' Producers Air Last Episode in Bankruptcy Court CORE Entertainment files Ch. 11 as American Idol popularity wanes
(DBN)

First Day Dec
(DBN)

____________

Debt Collection:

Counsel Beware: The Eleventh Circuit Expands the Liability of Creditor's Lawyers under the FDCPA
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

March 2016 Bankruptcy Filings Down 8.5 Percent
(DBN)

______________

Cross-Border:

Spain’s Abengoa Wins Chapter 15 in U.S.
(DBN)

____________

DIP Finance:

DIP loans to distressed companies mount with bankruptcies
(DBN)

____________

Sales:

Credit Bidding After Fisker: Challenges Lacking Substance Will Not Be Upheld
(DBN)

____________

Miscellaneous:

Quinn Emanuel: March 2016 Bankruptcy & Restructuring Litigation Update
(DBN)

____________

Safe Harbors:

Any Port in a Storm – the Safe Harbor of Section 546(e)
(DBN)

____________

TBTF:

Goldman, Morgan Stanley Seek to Plug Holes After Split Verdict on ‘Living Wills’
(DBN)

____________

Mediation:

Don’t Let This Happen to You: Milwaukee Archdiocese Bankruptcy – Part Two, The Confirmed Plan
(DBN)

____________

Trustees:

Bleak House Comes to the Bankruptcy Court
(DBN)

____________

Bankruptcy Rules:

Proposed FRBP Amendments Sent To Congress
(DBN)

____________

Executory Contracts:

Dueling Debtors: Missouri Bankruptcy Court says Debtor Can Reject Contract that Counterparty (Who is Also a Debtor) Sought to Assume
(DBN)

____________

Tech:

Yahoo's $8 Billion Black Hole
(DBN)

____________

Food/Beverage:

Roscoe’s to Propose Bankruptcy-Exit Plan by Oct. 1
(DBN)

____________

Pharma:

Elizabeth Warren totally gets Valeant
(DBN)

Now we have a clue just how close Valeant came to the brink
(DBN)

____________

Personal Finance:

How To Spot A Toxic Boss Before You Take The Job
(DBN)

13 things you should never say on your last day of work
(DBN)

____________

UK:

Scottish insolvency stats could mask pressure on North Sea
(DBN)

BHS administrator receives "around 50" expressions of interest - source
(DBN)

India asks UK to deport embattled tycoon Mallya
(DBN)

Linklaters and Olswang to face MPs over BHS collapse
(DBN)

Bankruptcy light soars – and it could get a lot worse
(DBN)

____________

EU:

The importance of better EU insolvency regimes
(DBN)

____________

PIIGS:

Spain’s jobless queue rises in first quarter - 21%
(DBN)

Greece's perfect debt trap Greece’s Proposal Will Be Accepted by Creditors, Says Parliament President
(DBN)

"We Were Elected to Say No to the Creditors": Varoufakis on Resigning as Greek Finance Minister Former Greek Finance Minister: Massive IMF Bailouts are "Ponzi Austerity" Scheme
(DBN)

Dallara: Greece Is Still in Intensive Care
(DBN)

Bank of Italy says draft law could cut credit recovery process to 7-8 months - source
(DBN)

Restructuring costs weigh on value of Italy's four rescued banks
(DBN)

____________

Canada:

Lac-Mégantic settlement fund to start flowing soon
(DBN)

Alberta’s Economic Woes Continue With Credit Rating Downgrade
(DBN)

CHC Fights the Clock to Avoid Bankruptcy After Missed Payment
(DBN)

Why Canada’s Oil Industry May Never Be the Same
(DBN)

Amid Toronto Property Boom, a Big Developer Runs Into Trouble
(DBN)

____________

India:

Efforts on to pass bankruptcy bill in ongoing session: Das
(DBN)

Shorten time lines for bankruptcy process: Par panel Bankruptcy code: Cut timelines for liquidation processes, says House panel
(DBN)

Bankruptcy Code good for future of economy: Panel chief
(DBN)

Judiciary too has to take blame for the bad loan mess
(DBN)

Making liquidation smooth was the target of Bankruptcy Code
(DBN)

Panel gives bankruptcy law overseas ambit
(DBN)

Secure workers' interest in bankruptcy code: Parliamentary panel
(DBN)

____________

Czech Republic:

Miner NWR warns of insolvency before mid-May if no deal soon
(DBN)

Coal Glut May Claim Yet Another Victim in Czech Miner NWR
(DBN)

____________

Brazil:

Bradesco sees provisions within goal despite rising Brazil defaults Bradesco's Bad-Loan Provision Shows Depth of Brazil's Crisis
(DBN)

____________

Australia:

Chase on anew for Clive Palmer's millions
(DBN)

Reforms to Australian corporate insolvency law are in the wind
(DBN)

____________

South Korea:

Cash-strapped carriers bank on Korea’s biggest new shipowner
(DBN)

____________

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