August 22, 2016

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:

I Have Been A Law Firm Partner For A Year. How Is It Different From Life As An Associate?
(DBN)

What Happens When A Partner Departs?
(DBN)

Meh Midyear Report For Biglaw
(DBN)

Legal Industry: Wake Up and Smell the Data!
(DBN)

For Midsize Firms, Salary Hikes Raise Rate Dilemma
(DBN)

Firing A Few Law Firms Isn't Enough; Why Clients Must Ask For Change
(DBN)

Report: E-Discovery Sanctions Decisions Have Fallen Off
(DBN)

Gibson Dunn is Set to Make a Big Hire in New York
(DBN)

Judge Orders Moses & Singer to Hand Over Docs Under Crime-Fraud Rule
(DBN)

How Weak Client Email Security Exposes Outside Counsel to 'Spillover' Breach Risks
(DBN)

‘You need to be on your best possible form’ for grouse shooting says partner in advice column to women
(DBN)

This GC Is on a Mission to Improve Legal Writing
(DBN)

Bakers hits five-year high with 8 per cent revenue boost to $2.6bn Baker & McKenzie revenue up to five-year high
(DBN)

Murdered Lawyer Only The Latest Bizarre Twist In Bizarre Divorce Case
(DBN)

State seeks plastic surgery records in Markel case
(DBN)

Lewis & Clark Law School Flunks Crisis Communications 101 Lewis & Clark Law School Finally Acknowledges Theft Of Exams
(DBN)

BYU law school says ABA probe is closed; group had alleged religious discrimination
(DBN)

Law School’s Downward Spiral And The ‘Shredding Of Your Self-Worth’
(DBN)

Ken Starr Completely Out At Baylor Law School ‘Mutually agreed separation’
(DBN)

Billionaire Cautions That Law School Is Great — For Accumulating Debt
(DBN)

Plan Your Schedule, But Not Too Much
(DBN)

Goldman Sachs Doesn’t Want To Pay *Its* Legal Fees, Either
(DBN)

Mindfulness And Emotional Eating
(DBN)

Prosecutors entitled to warrant for Aaron Hernandez cellphone, being held by his lawyer, court says
(DBN)

US swimmer agrees to charity payment to avoid prosecution in robbery scandal, lawyer says Lochte: 'I Overexaggerated' Robbery Story, Says He Was 'Intoxicated' During First T.V. Interview Lochte: I Exaggerated but Didn't Lie
(DBN)

With Final Bills Paid, Nancy Lanza's Estate Declared Insolvent
(DBN)

Judges Orders Lawyer Not to Post Case-Related Prayers on Social Media
(DBN)

Feds: Unfair to Hold Poor Defendants Who Can't Afford Bail
(DBN)

Police Chief Fires Officer For Responding To Active Shooter Call In Which Three Were Murdered
(DBN)

Federal Judge: Religious Liberty Includes a Right to Fire LGBTQ Employees
(DBN)

Interracial Couple Allegedly Stabbed by White Supremacist
(DBN)

Woman Allegedly Stole Ambulance Because She Missed ‘The Last Bus’
(DBN)

Navy SEAL Forfeits $6.8 Million Because He Wrote About Bin Laden Raid
(DBN)

Judge Orders Lawyers Who Won ‘Happy Birthday’ Lawsuit Get $4.62 Million, Too
(DBN)

Federal Judge Refers Sheriff Joe for Contempt
(DBN)

______________

Judges:

Unions, Ledbetter Warn of Supreme Court Implications of Election
(DBN)

Judge Sam Bufford to Teach in Romania
(DBN)

Don’t bet on Ruth Bader Ginsburg retiring if Clinton becomes president Ginsburg pays tribute to Scalia
(DBN)

As Donald Trump Falters, Democrats Plan to Press Fight for Supreme Court
(DBN)

Lawyer sues judge who sentenced her to jail time for refusing to remove a Black Lives Matter button in court
(DBN)

______________

Wall Street:

Dow futures tread water as buyers won’t jump in until Yellen speaks
(DBN)

Stocks close lower, but Nasdaq posts first 8-week win streak
(DBN)

Quote of the Day: Goldman CEO Reflects on Lessons from Law School
(DBN)

______________

Layoffs:

12 Companies Firing the Most People
(DBN)

____________

Autos:

Tesla could get steamrolled
(DBN)

Angry Suppliers Halt Volkswagen Factories VW Supplier Dispute Expands Shutdowns
(DBN)

Lawyers Say Bosch Worked 'Hand-in-Glove' with VW in Emissions Fraud
(DBN)

____________

Celebs:

Lou Pearlman, Orlando boy-band mogul, dies in prison
(DBN)

____________

Solar:

Solar Companies Aren't Learning From Their Mistakes
(DBN)

SunEdison Yieldco Said to Seek Sale of U.K. Solar Portfolio
(DBN)

____________

Coal:

Colorado county, coal giant Peabody in dispute over back taxes
(DBN)

Bankrupt coal companies get break on clean-up costs
(DBN)

____________

Mass Torts:

Company wants its lawsuits against asbestos attorneys to be consolidated; firm argues cases aren’t related
(DBN)

____________

Healthcare:

Struggling Meadowlands Hospital may get new buyer
(DBN)

BB&T Can't Show Cardiologist Entered Bankruptcy in Bad Faith
(DBN)

Obamacare's Public Option Is No Longer Defensible
(DBN)

Obamacare: Slow Motion Death Spiral
(DBN)

____________

Taxis:

Lyft Tried to Sell Itself to Others and Failed
(DBN)

____________

Hedge Funds:

All the Fun Is Going Out of Hedge Funds
(DBN)

____________

Insurance:

Life Partners Customers Face Tough Investment Decisions - Trust is strained as firm’s customers try to navigate bankruptcy process and complex alternatives being offered
(DBN)

____________


Economy:

Household debt back to housing boom levels
(DBN)

The Great American Retirement Crisis
(DBN)

Here's every state's July unemployment rate
(DBN)

Fischer Signals 2016 Rate Hike With Economy Nearing Fed Goals
(DBN)

27 Years of Economic Pain for Most Americans
(DBN)

Yellen to say ‘ready’ for another rate hike in Jackson Hole It could be a tough week for Janet Yellen
(DBN)

Rabobank: Why the Fed can’t admit it won’t hike this year
(DBN)

U.S. economy providing ammo for higher interest rates
(DBN)

Report: Middle Class Jobs Are Finally Rebounding
(DBN)

Central bankers are doing something that hasn't happened in 5,000 years — and drastically changing the world economy
(DBN)

Where Median Incomes Have Fallen the Most
(DBN)

Six myths about the U.S. economy that are just plain wrong
(DBN)

If You Feel Poorer, It Might Be Because You Are
(DBN)

America's retirement crisis is happening, and it's going to affect everyone
(DBN)

The 10 worst places in America to start a business
(DBN)

Report: U.S. Army Fudged Trillions of Dollars in Accounting
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

A New Mortgage-Backed Securities Crisis for Law Firms?
(DBN)

County looking to stop repeated bankruptcies being used to avoid paying property taxes
(DBN)

JPMorgan to receive $645m as part of litigation settlement with FDIC and Deutsche Bank
(DBN)

Bankrupt Variant Wants To Drop Claims Against Ex-CEO, Atty
(DBN)

____________

Municipalities:

Puerto Rico General Fund Allocations Up 74 Percent Since FY2014
(DBN)

How Milwaukee Shook Off the Rust
(DBN)

____________

Oil/Gas:

Oil prices hammered by increase in U.S. rig count
(DBN)

Wilbur Ross's next big bet: oil and gas pick-up
(DBN)

Emerald Oil Gets Nod On $110M Lead Bid
(DBN)

Energy Stocks Slide as Weekend Nears
(DBN)

Oil Companies Need Prices to Keep Rising Past $50 a Barrel $50 Crude Won’t Fuel Big Oil’s Comeback $50 Crude Won’t Fuel Big Oil’s Comeback
(DBN)

How Louisiana's sinking coast is becoming Big Oil's $100 billion problem
(DBN)

Some Shale Drillers Return to Oil Patch Shale drillers party like it’s 2014 as oil finds bull market
(DBN)

Oil Enters a Bull Market Oil heads to best week since April
(DBN)

Subsidiaries of Trinity E&P file for bankruptcy protection
(DBN)

Private Equity Jumps Into The Oil Patch Published 2 days ago
(DBN)

____________

Politics:

A New York Times investigation found that Donald Trump's US empire has twice as much debt as his public filings reveal Report: Trump-Owned Companies Owe at Least $650 Million Donald Trump the Mortgage Broker Was in Trouble From Moment One Trump’s Campaign Shakeup Is Likely Too Little, Too Late Trump Campaign to Get More Help From RNC’s Chief Strategist Donald Trump Faces Backlash After Attempt To Win Over Black Voters Trump Campaign Raises $36.2m in July LA Times Poll Had Trump in the Lead Again Report: Donald Trump's Campaign Was Hacked, Too Why Trump Could Only Happen in America Trump Campaign Backpedals on Mass Deportation: It's 'To Be Determined' Donald Trump's campaign is still spending remarkably little
(DBN)

Trump tax break among 7 times critics say Christie enriched friends
(DBN)

Report: Hillary Clinton Says Colin Powell Told Her to Use Personal Email Powell Fires Back at Hillary’s FBI Interview: I Used Secured State Computer to Access Classified Emails Clinton Avoids Deposition But Must Still Answer E-Mail Questions
(DBN)

Noted law prof defends his Trump tweet, says he underestimated Twitterverse cynicism
(DBN)

O’Melveny Partners Straddle Both Sides of the Presidential Race
(DBN)

Trump's Ties to Wachtell and Other Weirdness
(DBN)

Trump Draws Ire of Atlanta Legal VIPs
(DBN)

In a Normal Campaign Season, Candidates Could Have a Tax Debate
(DBN)

____________

Steel:

Essar liabilities surpass assets
(DBN)

____________

Media:

4 takeaways from the bankruptcy sale of Gawker Media On The Demise Of Gawker.com: Unsparing, Satiric And Brutal
(DBN)

Univision to Pay Gawker's Nick Denton $16,666 a Month Not to Compete Nick Denton really needs to rent out his condo (and fast)
(DBN)

Did I Kill Gawker?
(DBN)

What's next for Gawker writers?
(DBN)

____________

Prisons:

There Were Only 13 Federal Private Prisons… But Closing Them Is Still A Big Deal
(DBN)

Private Prison Operators Shrug Off U.S. Policy Shift
(DBN)

____________

Bankruptcy Crimes:

Ellisville, Missouri Woman Indicted on Bankruptcy Fraud Charges
(DBN)

____________

Banking:

Bank Mergers Heading for Seven-Year High, Pushed by Costly Rules
(DBN)

____________

Retailing:

Foot Locker CEO: ‘Malls Are Far From Dead’
(DBN)

____________

Tax:

New York has a new top tax deadbeat.
(DBN)

____________

Accounting:

$5.5B Damages in PwC Trial Not a Sure Thing
(DBN)

____________

Shipping:

Hanjin misses key deadline, moves closer to receivership
(DBN)

____________

Gambling:

Private equity firm bosses to get $370M windfall in Caesars mess
(DBN)

____________

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Priority Claims:

Delaware Bankruptcy Court Rules Gift Cards Not Eligible for Priority Treatment
(DBN)

____________

Avoidance Actions:

Finally A Clear Ruling On A Much Needed Bankruptcy Preference Defense
(DBN)

____________

Estoppel:

Debtor Claims to Be Business Trust, Gets Stuck in Bankruptcy
(DBN)

____________

Chapter 13:

Proposed Bankruptcy Rule Changes: Word Counts to HELOCs
(DBN)

7th Circuit Holds Section 1329 Permits Post-Confirmation Plan Modification
(DBN)

____________

Discharge:

Mom goes bankrupt paying for son's incarceration, court scolds O.C. for pursuit of debt
(DBN)

____________

Privilege:

More Deal Lawyers Talking About Attorney-Client Privilege
(DBN)

____________

Interest:

Post-Petition Interest in a Solvent Case: What Interest Rate Controls?
(DBN)

____________

Food/Beverage:

Judge approves bankruptcy sale of Southern Season Sale to Delaware retailer for $3.5 million gets judge’s OK
(DBN)

____________

Couriers:

North Mill Provides $3MM DIP Factoring Facility for EZ Worldwide
(DBN)

____________

Personal Finance:

These money lessons will last your kids — and you — a lifetime
(DBN)

4 Things Great Listeners Do
(DBN)

Scientists asked 5,500 Americans to reveal their 'relationship deal breakers' — here's what they learned
(DBN)

17 quick and easy daily habits that can significantly improve your life
(DBN)

____________

UK:

A lifeboat with conditions: new guidance from the PPF
(DBN)

Almost one in ten owes more than £20,000, R3 survey reveals
(DBN)

The UK Court exercises its discretion against making an administration order
(DBN)

The Brexit Question That Nobody Asked
(DBN)

BHS buyer used £1.5m loan from the firm to save his home from being repossessed
(DBN)

____________

PIIGS:

'Nobody believes in anything anymore': Why Greece's economic crisis is not over
(DBN)

____________

Canada:

New Brunswickers going further in debt
(DBN)

Trudeau’s Cure for Canada’s Slump? Architects and Accountants
(DBN)

____________

MENA:

Saudi bankruptcy draft law to protect small businesses
(DBN)

In Egypt, IMF Deal Brings Austerity Few Can Afford
(DBN)

Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga
(DBN)

____________

China:

Bond Vigilantes Win Victories Opposing China Debt-Equity Fix
(DBN)

China Is Grappling With Hidden Unemployment
(DBN)

____________

Belgium:

Bankruptcy statistics in Belgium: July 2016
(DBN)

____________

Nigeria:

Insolvency Bill : Reviewing 36 -year old law to save businesses
(DBN)

____________

India:

Has the strategic debt restructuring experiment run aground
(DBN)

____________

Singapore:

New Singapore Rules Designed To Reduce Number Of Bankruptcies.
(DBN)

Bankruptcy Act Reforms for A More Rehabilitative Framework Took Effect.
(DBN)

____________

Hong Kong:

Important Changes Under The Companies (Winding Up And Miscellaneous Provisions) (Amendment) Ordinance 2016 - Part 1 : Increased Creditor Protection.
(DBN)

____________

Brazil:

Brazil Traders Who Spurned 55% Bond Haircut Are Vindicated
(DBN)

Oi creditor group seeks alternative recovery plan
(DBN)

____________

Ukraine:

Promised Prosperity Never Arrived in Russian-Held Crimea, Locals Say
(DBN)

____________

Japan:

Japan's Economic Woes Deepen as Manufacturers' Mood Hits a 3-Year Low
(DBN)

____________

Panama:

Panamanian money services company bankrupt with $22m in debt
(DBN)

____________

Russia:

Number of bankrupt construction companies in Russia grows twofold
(DBN)

Deutsche Bank's $10 Billion Russian Scandal
(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 $63/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 2016