August 26, 2016

The Daily Bankruptcy News

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Law:

Softer Demand, Rising Salaries May Lead to Layoffs, Analyst Warns
(DBN)

Law Firms Keep Battling Weak Demand by Charging More
(DBN)

Hunton merger talks with UK law firm reportedly stall following Brexit vote
(DBN)

Did A Toxic Combination Of Trump And Brexit Kill This Biglaw Merger?
(DBN)

How Brexit Could Affect Law Firm Merger Talks
(DBN)

Federal court: Debt relief law firms not exempt from CFPB’s authority
(DBN)

Firm tells lawyers to “come in two days a week” in work-from-home push
(DBN)

First Stop in Sedgwick's Gender Pay Lawsuit Is Arbitration Dispute
(DBN)

5 Women on How to Climb the Big Law Ladder
(DBN)

Use Your Sense Of Humor To Overcome Sexism In Biglaw
(DBN)

The Perfect Response For When A Trial Lawyer Has Had It Up To Here
(DBN)

Sanctions For 'Baseless' Suit Against Snell & Wilmer Denied
(DBN)

Law firms may bill for work of unpaid interns, ethics opinion says
(DBN)

Texas Firms Not Seeing the Benefits of Subsidiary Boutique Model
(DBN)

Richmond Welcomes 112 1Ls, Down 36% From Last Year's 175
(DBN)

Law prof loses assault suit over alleged shoulder grab by colleague
(DBN)

‘Future’ Report from ABA Plays it Too Safe
(DBN)

Trump's Lawyers Had a Very Good Summer
(DBN)

Law firm partners face the perfect storm in retirement
(DBN)

Bankrupt Attorney/Debtor Must Turn Over Fees to Ch. 7 Trustee
(DBN)

When Your Biglaw Firm Forces You Out Because Of Your Depression And Alcoholism
(DBN)

The Arrogant Lawyer’s Guide To Looking Important
(DBN)

Judge OKs $20M Malpractice Claim Against Curtis Mallet-Prevost
(DBN)

One of the Army’s First Female Combat Engineers is a Big Law Lawyer
(DBN)

Why 4 a.m. Is the Most Productive Hour
(DBN)

Why I'm Starting Law School in a Tough Job Market
(DBN)

Lochte to be Summoned to Brazil to Testify
(DBN)

Fake law firm found real lawyers via Craigslist
(DBN)

Bail reformers aren't waiting for the laws to change
(DBN)

Producers could face jail after claiming innocent Muslim was Boston bombing terrorist
(DBN)

Judge tosses law firm’s suit claiming client raised a ruckus, causing lost business
(DBN)

Expert Witness Has Zero F---- To Give In This Deposition
(DBN)

Two Tampa Lawyers Disbarred for Setting Up Opponent's DUI Bust
(DBN)

University Of Chicago Takes Tough Stand Against ‘Safe Space’ Strawman
(DBN)

Funniest Lawyer Hashtag Of The Summer? #AppellateBandNames
(DBN)

Can You Guess What This Person Was Charged With?
(DBN)

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Judges:

‘The Brain’ and ‘The Monster’: The Many Personas of Judge Richard Posner
(DBN)

Arkansas judge’s ‘debtors’ prison’ court jailed cancer patient over unpaid bills: lawsuit
(DBN)

In Quoting Profanity, Some Judges Give a F---. Others Don't
(DBN)

What In The World Is “Moral Turpitude” (Or Why I Love Posner Opinions)
(DBN)

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Wall Street:

 

Stocks Go Nowhere
(DBN)

Goldman Sachs has poached a new global head of distressed credit from Deutsche Bank
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears is running out of money — and will likely shut down stores as a result Why the company is bleeding cash and nearing death Sears had another brutal quarter Sears posts quarterly loss, taking debt from CEO's hedge fund Struggling Sears borrows $300M from hedge fund as losses mount As Ailing Sears Bleeds Cash, Billionaire Eddie Lampert Increases Loans To Retailer Sears Puts Up Kenmore, Craftsman for Sale
(DBN)

Retailers No Longer Clearing the Low Hurdle
(DBN)

Gap’s Turnaround Troubles
(DBN)

Michaels Cuts Outlook After ‘Choppy’ Environment in First Half
(DBN)

Here’s the latest proof that malls are a wasteland
(DBN)

Retail's History Hints at Its Future
(DBN)

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Prisons:

Why the U.S. Is Right to Move Away from Private Prisons
(DBN)

This quote from America's largest private prison company shows how much the industry fears criminal justice reform
(DBN)

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Religion:

Diocese granted extension for reorganization plan
(DBN)

The Surprising Reason Why More Americans Aren’t Going To Church
(DBN)

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Student Debt:

Congressman's Sweeping College Loan Bill would Eliminate Interest on Student Debt
(DBN)

Study: Majority of College Students are Current on Credit Card Bills
(DBN)

How Millennials Hope to Spare Their Kids Student Debt
(DBN)

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Media:

Mark Patricof just shopped Nick Denton’s loved-and-hated media company — and fetched $135 million
(DBN)

Hulk Hogan Wins Another Round Against Nick Denton - Judge blocks Gawker Media founder from listing Manhattan condominium as rental
(DBN)

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Taxis:

Uber Sets Corporate Record for Losing Money
(DBN)

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Personal Finance:

5 questions to ask in an interview that will reveal a lot about the company
(DBN)

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Coal:

Dig Deeply To Find The Distressed Opportunities In Coal
(DBN)

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Economy:

Durable goods orders rise more than expected in July
(DBN)

Initial jobless claims unexpectedly fall
(DBN)

KC Fed President: It's time for gradual rate hikes Fed’s Kaplan says ‘case is strengthening’ for second interest rate hike
(DBN)

Citi: Trump Win Could Mean Global Recession
(DBN)

Key House Republican to Unveil Sales Tax Plan for Purchases Across State Lines
(DBN)

What It Means to Be a Senior in the Gig Economy
(DBN)

What Former White House Economists Say About Donald Trump and Hillary Clinton
(DBN)

Would a universal basic income turn the US into a nation of slackers?
(DBN)

Did Welfare Reform Reduce Poverty? Define 'Poverty'
(DBN)

Americans Are Just Staying Home More
(DBN)

World trade keeps falling
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Key mortgage rate holds below 3.50% for the longest stretch in nearly four years
(DBN)

There's a simple reason the homeownership rate is at a historic low
(DBN)

High rents are driving millennials to buy their own homes
(DBN)

Chaim Miller’s portfolio unravels as old courtroom foes return with new claims - Legal drama ends with bankruptcy auction for three Brooklyn buildings
(DBN)

CoreLogic: Cash sales make up 30% of home sales in May
(DBN)

Wells Fargo to Pay Homeowners $3.4 Million Over Mailing Error - Processing error delayed payment notice letters to 8,000 bankrupt homeowners
(DBN)

Long Beach pastor admits to running $3 million mortgage scam
(DBN)

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Municipalities:

Bondholders’ Lawsuit Enjoined by the Automatic Stay in PROMESA
(DBN)

Puerto Rico: An island's exodus
(DBN)

Water Shut-Offs Linked to Foreclosure in Detroit
(DBN)

Who controls Detroit schools? Memo raises concerns, questions
(DBN)

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Oil/Gas:

Oil prices fall as hopes of production freeze fade
(DBN)

US oil has a problem
(DBN)

Key Energy Services Announces Entry into Plan Support Agreement Key Energy will join ranks of oil-related companies filing bankruptcy
(DBN)

Stone Energy Corporation: Pre-Packaged Bankruptcy on Cards
(DBN)

This Will Be the Last Time Down for Oil
(DBN)

Banks Have Had Enough of Oil’s Wild Ride - Despite oil’s rebound, lenders remain wary of energy companies
(DBN)

Texas towns struggling after oil companies pack up
(DBN)

China Lets The Oil Market Have It
(DBN)

Blackstone unleashes cash hoard in Texas shale oil land grab
(DBN)

Oil Industry Shifts From Survival to Growth
(DBN)

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Politics:

Donald Trump keeps using a curious new line to try to appeal to African-American voters Trump Wavers on Deportation, Angering Both Sides in Debate Hillary Clinton rips Trump: We know less 'about anything concerning Donald Trump's wealth' Poll: 62 Percent of Republicans Want Trump's Tax Returns Trump’s Immigration Pivot Ann Coulter flips out over Trump’s immigration flip-flop Trump campaign spent $55,000 of donor funds to buy thousands of copies of his own book Donald Trump Compares His Campaign to Brexit During Mississippi Rally Trump Didn’t Actually Hire Female Executives at His Casinos Get Ready for the ‘Real’ Donald Trump The Downwardly Mobile for Trump 'Who knew that it would be Donald Trump to come along and convert the GOP base to supporting amnesty?' Trump clashes with Anderson Cooper over claim that Hillary Clinton is a 'bigot'
(DBN)

Hillary Clinton Dismisses Conflict of Interest Concerns Over Foundation, State Department 'That is so pathetic': Joe Scarborough slams Clinton campaign's response to foundation criticism Clinton proposes tax simplification for small business 4 experts make the case that the Clinton Foundation’s fundraising was troubling The AP’s defense of its bad Clinton Foundation story is also bad Clinton campaign, AP battle over story on foundation ties Clinton Joins Outcry Against EpiPen Price Hike Hillary Clinton declares war on the hard-right faction of conservative news media
(DBN)

Why Democrats Keep Winning Presidential Elections
(DBN)

Warren to outline her vision for America's agenda
(DBN)

Couple Says Their Dog Was Killed over Their Pro-Clinton Yard Sign
(DBN)

Editorial Board: Is Rudy Giuliani OK?
(DBN)

Mike Pence Used to Draw Cartoons. We Found Them. They're Strange.
(DBN)

Poll: Most Oppose Building Wall on Border
(DBN)

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Autos:

Volkswagen reaches deal in principle to compensate U.S. dealers VW Dealer Accord Said to Add $1.2 Billion to Scandal Costs
(DBN)

How to Get Ready for Your VW Payout
(DBN)

Jury: GM car's ignition switch not to blame in fatal crash GM Wins Ignition-Switch Trial, But Legal Troubles Aren’t Over
(DBN)

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Celebs:

Creditor Can't Claim Piece of NHL Star's Contract
(DBN)

Yet Another Smackdown By Hulk Hogan in "Hogan v. Gawker"
(DBN)

Nick Denton prefers press stay home from bankruptcy hearing
(DBN)

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Solar:

China’s Golden Concord Said to Compete for SunEdison Yieldco
(DBN)

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Fraud:

Former Madoff Aide Settles Liquidation Lawsuit
(DBN)

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Hedge Funds:

Mounting Outflows: Hedge Fund Industry Redemptions Since the Beginning of the Year
(DBN)

Another Nail in the 2-and-20 Coffin
(DBN)

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Education:

Feds Cut Off Money to New ITT Students, Say It's 'Too Risky'
(DBN)

This Might be the End of ITT Tech
(DBN)

Median Income is Down, Tuition is Way Up
(DBN)

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Corporate Reform:

Thought Volcker Rule Went Too Far? There’s More Coming for Banks
(DBN)

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Travel:

Those Long TSA Lines? Gone
(DBN)

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New Bankruptcy Opinions
(9 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 (5 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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Proofs of Claim:

Stale Claim in Bankruptcy Case Doesn't Violate Collection Law
(DBN)

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Exemptions:

Ch. 7 Debtor Can Exempt $2M Inherited Pension in Calif.
(DBN)

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Tax:

The Brokenness Of IRS Collections
(DBN)

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Gambling:

U.S. judge to rule Friday on extended halt to Caesars lawsuits
(DBN)

Caesars Judge Questions Need to Halt Suits Until Bankruptcy Ends
(DBN)

Bankruptcy judge unlikely to shield Caesars from lawsuits
(DBN)

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Standing:

Supreme Court of Nevada Holds That Legal Malpractice Claim Was Impermissibly Assigned To Creditors
(DBN)

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Bankruptcy Remoteness:

Two Recent Decisions Invalidate LLC Agreement Provisions Requiring Consent For LLC Bankruptcy Filings
(DBN)

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Subordination:

Ninth Circuit Holds that 510(b) Subordination Applies to Individual Debtors
(DBN)

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Debt Collection:

CFPB Debt Collection Proposals Would Create Problematic New Substantiation Standard
(DBN)

New Protections Against Debt Collectors
(DBN)

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Distressed Investing:

Bankruptcies Just Aren't That Important For Junk Bonds
(DBN)

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Healthcare:

States Start to Approve Steep Increases in Health Premiums
(DBN)

St. Jude Medical's stock drops after short seller Muddy Waters takes aim
(DBN)

Banned abortion doc's N.J. clinic files for bankruptcy , report says
(DBN)

The real reason the EpiPen and other off-patents are so expensive
(DBN)

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Shipping:

Hanjin to Present Restructuring Plan as Bankruptcy Deadline Nears Hanjin Shipping struggles to right itself Hanjin Submits Last-Ditch Bid to Avoid Bankruptcy Hanjin Shipping faces de facto bankruptcy
(DBN)

Primorsk Shipping Liquidation Plan Moves Forward - If approved, plan will wipe out bondholders and shareholders
(DBN)

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Mass Torts:

WR Grace, Hospital Must Mediate Asbestos Property Claims
(DBN)

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Food/Beverage:

Flying Star owners slam creditors ' proposal to sell the business
(DBN)

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Sovereigns:

Disarming Holdouts in Sovereign Debt Restructurings
(DBN)

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UK:

Dividends liable to challenge as transactions defrauding creditors?
(DBN)

The confusing state of Britain's post-Brexit economy
(DBN)

Trump calls Brexit a 'wise vote' — despite Britain's economic fallout
(DBN)

North Sea Oil Companies Caught in Major Tax Avoidance Scheme
(DBN)

Big Four insolvency specialist joins Gibson Hewitt
(DBN)

Business recovery and insolvency specialists merge
(DBN)

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EU:

Business Sentiment Falls in Germany, France
(DBN)

The head of Germany’s largest bank says negative rates are ‘fatal’
(DBN)

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PIIGS:

Crisis killing Greek banks' expansion hopes
(DBN)

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Brazil:

Brazil's BNDES expands credit to big companies, bankruptcy asset sales
(DBN)

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BVI:

The Tension Between Agreements To Arbitrate And Winding Up Proceedings
(DBN)

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Venezuela:

Is Doomsday Inevitable For Venezuela? Published 20 hours ago
(DBN)

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India:

Air India pitches debt-to-equity deals to creditor firms
(DBN)

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Sweden:

Swedish Debt Office Says Central Bank Is Nearing Limit of QE
(DBN)

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Bahamas:

Praise Over Baha Mar Rang Hollow Roberts: "D’Aguilar and the entire board of Baha Mar may be liable to a law suit"
(DBN)

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