August 15, 2016


The Daily Bankruptcy News

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Law:

Are Associates Seizing Control Of The Market?
(DBN)

Dewey Judge Sets Retrial Date as DA Hints at Strategy Shift Dewey Judge Says DA Can't Blame Execs For Firm Collapse
(DBN)

Top U.S. Legal Markets By Headcount
(DBN)

A Compressed Raise Is Better Than No Raise
(DBN)

Biglaw Partners Dish: On-Campus Interview Disasters
(DBN)

Best Summer Associate Event Contest (2016): The Finalists
(DBN)

Young Lawyers Transitioning Out of Big Law
(DBN)

The ABA Passed This Professional Conduct Rule To Keep Women Lawyers From Suffering In Silence
(DBN)

Five Tips for Female Attorneys Entering Law Firm Life
(DBN)

Is King & Wood Mallesons Not Out of the Woods Yet? King & Wood Mallesons holds back profit distribution
(DBN)

If You Want Some Insider Intel From A Client, Get Him Liquored Up
(DBN)

Facebook - How lawyers, law students can increase followers, likes, comments
(DBN)

Essentials For A Mentor Considering An Investment In A Mentee
(DBN)

Can LinkedIn’s ‘DIBs’ Philosophy Improve Diversity In The Legal Profession?
(DBN)

Global megafirm blues: Life as a rockstar lawyer after the merger
(DBN)

Lawyers clash over plans for top firms to help police with cybercrime investigations
(DBN)

The Art Of Client Communication: Avoid Legal Jargon; Give Sufficient Detail, But Don’t Drown Them In It
(DBN)

Justice: An occasional happy by-product of asset recovery
(DBN)

Attorney Placed On Involuntary Inactive States For Unconscionable Bankruptcy Fees
(DBN)

2 men fatally shot while leaving a mosque in New York City
(DBN)

Infringing upon First Amendment rights makes policing 'virtually impossible'
(DBN)

People protesting a fatal police shooting in Milwaukee set fire to businesses, destroyed squad cars, and chased journalists Governor Declares State of Emergency in Milwaukee After Shooting, Unrest New footage shows wreckage from Milwaukee riot that erupted after fatal police shooting
(DBN)

Attorney Suspended For Denying He Is A Lawyer
(DBN)

Former Mafia Associate: This is how we used a lion to intimidate people
(DBN)

‘He is risen’ post on sheriff’s department Facebook page leads to $41K payout
(DBN)

Sandusky will testify in new trial bid targeting his defense lawyers
(DBN)

DEA agents use travel-industry informants to seize cash, but rarely make arrests
(DBN)

Former White House Advisor Took $300K-$600K In Sub-Market Rate Loans From Biglaw Partner
(DBN)

University of Houston Student Suspended And Required To Attend Cultural Events For Writing “All Lives Matter”
(DBN)

Law Prof's Last Lecture: Unsolicited Advice For Future And Current Lawyers
(DBN)

Audit Finds 42 People Entered Into California State Gang Database Were Less Than One Year Old, "Admitted To Being Gang Members"
(DBN)

Stephen King Terminates Attorney
(DBN)

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Judges:

Bankruptcy Judge: I'm a Judge and I Think Criminal Court Is Horrifying
(DBN)

"Blue-Eyed Assassin" Judge Suspended
(DBN)

Posner opinion blasts class actions that are ‘no better than a racket’
(DBN)

Conservative Legal Scholars Prefer A Liberal Supreme Court To A President Trump
(DBN)

New York Judge Not Interested In Louis Bacon’s Neighborly Dispute
(DBN)

Inmate Twerks During Court Appearance, Judge Not Impressed
(DBN)

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Wall Street:

U.S. stock futures inch higher ahead of New York economic snapshot
(DBN)

Global Stocks Inch Higher After China Rally
(DBN)

Stocks close mostly lower; Nasdaq posts longest weekly win streak
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Toll Roads:

Bankruptcy will bring new ownership to Texas 130’s southern stretch
(DBN)

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Horse Racing:

Court voids large part of multimillion-dollar Balmoral judgment tied to Blagojevich
(DBN)

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Alternative Energy:

SunEdison Shareholders Denied Official Role in Bankruptcy
(DBN)

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Fraud:

Berkeley rare wine store owner pleads guilty in Ponzi scheme
(DBN)

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Celebs:

How the Hunt brothers cornered the silver market and then lost it all
(DBN)

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Retailing:

3 reasons Macy's is bleeding customers
(DBN)

Chapter 11 Watch
(DBN)

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Debt Collection:

CFPB Presents New Regulatory Requirements for Third-Party Debt Collectors
(DBN)

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Food/Beverage:

Despite bankruptcy filing, Dallas restaurant chain plans to keep its 4,700 workers
(DBN)

Did this Louisville restaurant close as part of a casual-dining apocalypse?
(DBN)

Restaurant closures make a comeback
(DBN)

How One Wine Dealer Defrauded His Customers Out of $45 Million
(DBN)

Bankruptcy , Lawsuits, and Public Humiliation: Confessions of a Failed Restauranteur
(DBN)

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Retailing:

Teen-Jewelry Retailer Claire’s Seeks Debt Swap to Cut Borrowings
(DBN)

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Student Debt:

Student debt collectors want to robo-call your cellphone, but FCC says not so fast
(DBN)

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Media:

Gawker’s bankruptcy sale down to the wire
(DBN)

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Economy:

Bond Market’s Big Illusion Revealed as U.S. Yields Turn Negative
(DBN)

As economy gyrates through tepid growth, Fed minutes may offer clues
(DBN)

Preliminary August Consumer Sentiment at 90.4
(DBN)

Parents Say They'd Sacrifice Retirement to Send Kids to College
(DBN)

The legacy of the 2011 debt ceiling fight is the biggest issue the next president will face on day one
(DBN)

Tim Cook says Apple won't repatriate money to US 'until there's a fair rate'
(DBN)

World's No 3 economy sees zero quarterly growth for April-June
(DBN)

How millennials became spooked by charge cards
(DBN)

Buffett Exits Credit Derivatives, Pays $195 Million on Last Deal
(DBN)

Hotels: Occupancy Rate on Track to be 2nd Best Year
(DBN)

Retail Sales unchanged in July Retail Sales Since 1992
(DBN)

Maersk Gives Global Economy a Sinking Feeling
(DBN)

There's No Such Thing as an Economic Miracle
(DBN)

Record Number of Kids Still Live with Parents
(DBN)

The Truth About US Manufacturing
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Kara Homes owner: Lawyer led me to bankruptcy
(DBN)

Americans are starting to get worried about the 'new housing crisis'
(DBN)

Analysts are 'scratching their heads' over why no one is buying this bargain housing stock
(DBN)

Homebuyers’ suit over threatening letters from ‘the Watcher’ is allowed to proceed
(DBN)

New Rule: If You’re A Lawyer For A Bank Selling Billions Of Mortgages To GSEs, Don’t Sleep With The CEO Of Fannie Mae What Happens When a CEO and a GC Fall In Love?
(DBN)

Landlord Games: Perpetual bankruptcy
(DBN)

The Housing Bottom and Comparing Recoveries
(DBN)

Judge appoints receiver for Chesterfield Mall
(DBN)

PwC sued for $5.5bn over mortgage underwriter TBW’s collapse
(DBN)

How HOAs Now Torment Neighborhoods
(DBN)

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Municipalities:

Illinois drains state's savings account due to budget crisis
(DBN)

The Impact of PROMESA on Creditors
(DBN)

How Beaumont aims to dig out of financial mess
(DBN)

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Oil/Gas:

Ocean Rig share price falls over 60% on bankruptcy fears Ocean Rig May File For Bankruptcy Ocean Rig To Restructure Its Debt Obligations - Some Insights
(DBN)

Rig Count Continues Rising
(DBN)

All U.S. Energy Consumption in a Giant Diagram
(DBN)

Saudi Arabia is losing the oil price war
(DBN)

Oil companies need a new long-term strategy if they want to survive
(DBN)

Russia and Saudi Arabia are finally talking about oil Oil Prices at One-Month High on Potential OPEC Action
(DBN)

WTI Oil Prices UP Year-over-year
(DBN)

A growing economic crisis could cause huge problems for the oil industry
(DBN)

Oil demand outlook should worry investors, analysts warn
(DBN)

The view from Canada: ‘The industry is in a tough position’
(DBN)

KrisEnergy Exploring Options as Debt Covenants Come Under Stress
(DBN)

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Healthcare:

Many Cancer Patients Must Face Bankruptcy —Or Die
(DBN)

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Accounting:

PwC faces 3 major trials that threaten its business PwC is being sued for $5.5 billion over the 6th largest banking collapse in US history
(DBN)

And Then There Were 3? Three Trials Over Financial Firm Audits Loom for Big Four Firm PwC
(DBN)

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Autos:

Affidavit: Owner of bankrupt dealership sold cars he didn't own
(DBN)

Tesla has big plans to build 3 electric vehicles that nobody wants
(DBN)

GM Gambles on Reversal of Appeals Court Ruling
(DBN)

Should New GM Pay for Old GM’s Mistakes?
(DBN)

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Education:

This chart shows how quickly college tuition has skyrocketed since 1980
(DBN)

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Coal:

Union mine workers vote to approve new contract with Murray Energy
(DBN)

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Toll Roads:

Bankruptcy will bring new ownership to Texas 130’s southern stretch
(DBN)

____________

Gambling:

Did Trump blame A.C. casino failures on executives killed in N.J. copter crash?
(DBN)

____________

Alternative Energy:

SunEdison shareholders denied official role in bankruptcy
(DBN)

____________

Distressed Investing:

Lynn Tilton defends against allegation of loan fund 'shell game'
(DBN)

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Personal Finance:

How to close the bank of Mom and Dad
(DBN)

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Fishing:

Pickenpack administrator, others join in call for trustee at Pacific Andes
(DBN)

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Pensions:

Once-Celebrated Dallas Pension Fund Runs Risk of Going Broke
(DBN)

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Shipping:

Georgia court to decide fate of stranded Greek bulk carrier
(DBN)

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Golf:

America’s Golf Courses Are Burning
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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)

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Avoidance Actions:

Fraudulent Transfers Into An ERISA Plan Can Be Unwound Despite The ERISA Protections
(DBN)

Clawing Back Tuition Payments
(DBN)

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Insurance:

Exide Execs' Deal Means Insurance Is Off, Provider Says
(DBN)

Distressed Assets Pile Up at Life Insurers, and More Are Coming
(DBN)

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Time-Barred Claims:

7th Circuit hands collectors win in dispute over stale debt claims
(DBN)

7th Cir. Deepens Split on FDCPA Liability for ‘Time-Barred’ Claims
(DBN)

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Tax:

Bankruptcy Court Shouldn't Have Tackled Tax Penalty
(DBN)

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Lien Stripping:

District Court Gets it Wrong in Chapter 13 Lien Strip Case
(DBN)

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Setoff:

A Setoff Question of First Impression
(DBN)

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Weather:

Rising floodwater leaves thousands homeless in Louisiana Louisiana Flooding by the Numbers
(DBN)

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Healthcare:

Pioneer creditor wants judge to halt sale of Stokes hospital assets
(DBN)

The medical debt crisis: The prognosis is still dire for Americans struggling to pay off massive health care bills
(DBN)

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Agriculture:

Farmers turn to bankruptcy as low prices continue
(DBN)

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Metals:

Bidding Process Started For Bankrupt Horsehead Holding
(DBN)

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Politics:

How Trump made millions from a failed company As Always, Trump Blames Others Donald Trump sidesteps Hillary Clinton, says he's running against 'the crooked media' Trump lacerates media in Twitter rant and claims he’d be winning if the press weren’t ‘corrupt’ CNN host delivers brazen message to Trump campaign manager after allegations of media bias Fox anchor confronts Pence about Trump's ISIS comments: 'Isn't the sarcastic excuse getting old?' Trump Resurrects Worries on His Character and Nation’s Violent Past Trump campaign chief linked to pro-Russia cash from overseas Report: Secret Ledger Lists $12 Million to Trump Campaign Chief From Pro-Russian Party in Ukraine
(DBN)

Obama Presidency: "It has imposed billions of dollars in new costs on businesses and consumers"
(DBN)

Democrats are running an experimental campaign to turn a deep red state blue Trump is trying to make a play in a state that hasn't gone red in decades Why Georgia is turning purple
(DBN)

Democrats Brace for More Leaks From Hackers
(DBN)

Hillary Clinton Releases 2015 Tax Return Clintons Made $10.6 Million in 2015, Paid Tax of $3.6 Million How Hillary Clinton Is Using Her Taxes as a Political Weapon Clinton Fact Check: Donald Trump "has been talking about the option of using a nuclear weapon against our Western European allies." Clinton Rips Trump’s Tax Plan as Boon to Wealthy Like Him Report: FBI Is Now Investigating The Clinton Foundation What a Clinton Landslide Would Look Like
(DBN)

____________

Coal:

Why Trump’s Promise to Save the Coal Industry Does More Damage Than Good
(DBN)

Coal isn’t the only fossil fuel in trouble, Rice researcher says
(DBN)

____________

UK:

'One of the most important constitutional law cases ever decided' could stop Brexit
(DBN)

Jones Day joins team for BHS administration
(DBN)

How a bankrupt potato farmer with depression who was obsessed by creating the perfect crisps founded Tyrrells empire
(DBN)

BHS staff face more uncertainty over closure
(DBN)

____________

PIIGS:

Italy facing hard times
(DBN)

The Greek crisis will flare up again. And why should it not?
(DBN)

____________

Canada:

BLG Adds Insolvency Pro
(DBN)

Nova Scotia consumer insolvencies up due to Alberta wildfire, oil industry: experts
(DBN)

Target Canada may be gone, but its quick and orderly exit through a complex restructuring serves as a primer for American chains in Canada
(DBN)

Ontario automakers faced more pain in ’09 than Alberta’s ongoing oil woes feds
(DBN)

Urbancorp buyers watch as their new-home dreams get sold off
(DBN)

One man's human rights caught in US Steel Canada bankruptcy limbo
(DBN)

____________

Brazil:

Sete Brasil to seek up to $5 bln funding in reorganization plan Sete Brasil submits its reorganization plan for recovering from bankruptcy
(DBN)

Stalled BHP-Vale mine said seeking waiver on bank repayments
(DBN)

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MENA:

IMF Plans to Help Egypt Secure Remaining Money for Loan Deal
(DBN)

____________

China:

All or nothing in China bond recoveries as bankruptcy murky
(DBN)

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