December 16, 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:

Donald Trump's Israel ambassador is pro-settlement bankruptcy lawyer Donald Trump Taps One of His Lawyers as Ambassador to Israel Trump's choice for Israel ambassador is his bankruptcy lawyer Trump Chooses Hard-Liner as Ambassador to Israel Trump names Jewish bankruptcy lawyer who backs settlements as US ambassador to Israel
(DBN)

The Billable Hour Just Won't Die, Report Finds
(DBN)

Clients of attorney under investigation seek control of his assets through involuntary bankruptcy
(DBN)

Latham Tapped for Two 'Prepack' Energy Bankruptcies
(DBN)

Thanks For The Job Security, Mr. Trump
(DBN)

165 Law Schools Have Reduced The Size Of Their 1L Classes Since 2011, 53 By 33% Or More
(DBN)

Does tying performance to money stifle innovation and change?
(DBN)

Slight increase in 1Ls for 2016, new ABA data shows
(DBN)

Gibson Dunn Names 13 New Partners; How Diverse Is This Group?
(DBN)

Longtime Hogan Lovells Chairman Retires
(DBN)

An Attorney And Her Surface Pro
(DBN)

With question of accreditation looming, Texas OKs bar exam for UNT Dallas law grads
(DBN)

Dylann Roof Convicted on All Counts
(DBN)

Father of 'Affluenza' Teen Convicted for Impersonating Officer
(DBN)

Biglaw Associate Who Moonlights As Opera Singer To Perform At Carnegie Hall
(DBN)

______________

Judges:

Can a nonlawyer judge send you to jail? Supreme Court is asked to hear case
(DBN)

Is Obama throwing in the towel on Merrick Garland nomination for Supreme Court?
(DBN)

Bankruptcy Court Clerks Win Awards
(DBN)

______________

Wall Street:

Dow set to edge closer to 20,000, even as other markets take a breather
(DBN)

Stocks close higher as Dow climbs closer to 20000; dollar reaches 14-year high
(DBN)

A warning sign for stocks
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

US officials: Putin personally involved in US election hack
(DBN)

Trump keeps making false claims about Russian hacking allegations It Would Be 'a Fire Sale': Trump may not sell his businesses before taking office Trump's Conflict of Interest Will Prove Thorny Trump Children's Expanded Roles Will Test Father's Heavy Hand Trump's pick for secretary of state has a giant conflict of interest hanging over his head Trump lashes out at Vanity Fair after review says Trump Grill 'could be the worst restaurant in America' Trump ordered to give deposition in suit stemming from his disparaging remarks about Mexican immigrants Judge rejects Trump plea to avoid deposition in José Andrés case Trump Starts Off Meeting With Tech CEOs By Announcing Total Reversal Of His Trade Policy Trump Electors Flooded with Death Threats Trump to Crowd: Thank Blacks for Not Voting
(DBN)

Trump's pick for envoy to Israel expects embassy in Jerusalem How Trump Sends Mixed Message With David Friedman Pick for Israel Envoy
(DBN)

America’s New Dealmakers-in-Chief
(DBN)

A House Republicans wish list includes trashing nutrition, Uber drivers, Tesla, and climate policies
(DBN)

Elizabeth Warren promises to introduce legislation that will force Trump to divest from his business empire
(DBN)

The tables turn as Democratic attorneys general prepare to challenge Trump policies
(DBN)

Russia's attempts to hack the Republican Party reportedly failed because of a spam filter Kremlin says Washington must prove hacking accusations or shut up Obama: 'We need to take action and we will' This is why Obama didn't do more before about Russian election hacking
(DBN)

______________

Student Debt:

What the Fed rate hike means for student loans
(DBN)

Why even community college is now out of reach for many students
(DBN)

Students in Iowa Default More Than US Average on Student Loans
(DBN)

______________

Metals:

Optima Specialty Steel Seeks Bankruptcy Protection
(DBN)

Sherwin Alumina postpones final hearing, won't exit bankruptcy in 2016
(DBN)

______________

Personal Finance:

A financial psychologist explains why humans are 'naturally wired' to be bad with money
(DBN)

______________

Autos:

New GM Assails the Second Circuit for Jeopardizing ‘Free and Clear’ Sales
(DBN)

In dealership bankruptcy case NC father of 2 could lose family car, still owe $13K loan
(DBN)

______________

Healthcare:

Obamacare Subsidies Will Cost Taxpayers $10 Billion More in 2017
(DBN)

Hospitals say 'Show me the money' before Treatment
(DBN)

______________


Economy:

Jobless claims drop 4,000 to 254,000 Below 300,000 for a 93rd straight week
(DBN)

How Yellen disses Trump without really trying Donald Trump, the Fed and You The Donald Trump and Janet Yellen relationship just got more interesting
(DBN)

Industrial Production Declined Slightly in November
(DBN)

Key Measures Show Inflation close to 2% in November
(DBN)

All Types of Loans Cost More Just One Day After Fed’s Rate Hike
(DBN)

Consumer Credit Delinquency Rates Expected to Rise in 2017
(DBN)

NY and Philly Fed Manufacturing Expand in December
(DBN)

Dollar Surges as U.S. Prepares for Higher Rates
(DBN)

Some sentiment indicators reaching extremes
(DBN)

Fed's key rate target could quadruple to 3% in a year, investor Dennis Gartman says
(DBN)

Worried about Fed hikes? Trump tax cuts could save the day, BlackRock bond guru says
(DBN)

Traders doubt the Fed will hike rates three times next year
(DBN)

U.S. tax reform proposal on border trade faces growing opposition
(DBN)

The robot revolution revs up, the gig economy slows down and 3 other job trends to expect in 2017
(DBN)

The vast majority of workers just want a regular job, not flexibility
(DBN)

Americans need to calm down a bit when it comes to the US economy
(DBN)

Did Worker Pay Rise the Most Under Obama?
(DBN)

Trump Economic Boom Will Never Happen
(DBN)

Conservative Plan to Tackle Poverty
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Changes to Bankruptcy Rule 3002.1 Affect Mortgage Lenders
(DBN)

Homebuilder sentiment spikes 7 points, Trump has them feeling fantastic NAHB: Builder Confidence increased to 70 in December
(DBN)

Higher rents push up US consumer inflation
(DBN)

Mortgage rates rise as bond rout continues, Freddie Mac says
(DBN)

Mortgage rates move higher for the seventh week in a row
(DBN)

____________

Municipalities:

PREPA Bondholder Group Issues Statement Regarding RSA Extension
(DBN)

______________

Oil/Gas:

OPEC Threatened by Tiny Oklahoma Town With Soaring Supplies
(DBN)

Oil Declines on Selling Spree Goldman Sachs just raised its forecast for oil prices
(DBN)

U.S. Shale Output Set to Rise in January as OPEC Pulls Back
(DBN)

In Oil Face-Off, Saudis, Shale Both Claim Victory
(DBN)

Plot Twist! Donald Trump May Accidentally Destroy Some Fossil-Fuel Companies.
(DBN)

Soaring Dollar Drags Oil Lower Soaring Dollar Drags Oil Lower
(DBN)

Diamondback Energy Stock Sale: Snakebite For The Oil Rally
(DBN)

The Pain Is Almost Over For Oil And Gas Drillers
(DBN)

______________

Celebs:

Yellowstone Trust Reaches Resolution with Blixseth's Former Wife
(DBN)

7 rich and famous people who started out living in their cars
(DBN)

Miles' bankruptcy is a cautionary tale for young athletes
(DBN)

______________

Retailing:

American Apparel Sues Dye House for Raw Materials Fight over fabric threatens bankruptcy sale, American Apparel says
(DBN)

Gracious Home files for second bankruptcy in six years
(DBN)

______________

Tax:

36-Month Rule for Reporting Discharges of Indebtedness Is Repealed
(DBN)

______________

Religion:

Competing Archdiocese bankruptcy plans to go to creditors for a vote Bankruptcy judge may allow vote on two Archdiocese settlement plans
(DBN)

Judge rejects claim that stalled diocese bankruptcy case
(DBN)

______________

Television:

American Idol Lenders Sue Apollo, 21st Century Fox
(DBN)

______________

Hedge Funds:

Number of hedge funds continues to shrink as launches fall to financial crisis levels
(DBN)

______________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

Bankruptcy Statistics:

Consumer discretionary sector bankruptcies continues to outpace energy
(DBN)

______________

TBTF:

Federal Reserve Set to Finalize Bailout-Prevention Rule Without Major Changes
(DBN)

U.S. banks must pay up to $2 billion more per year to shield Wall Street - Fed
(DBN)

______________

Mediation:

What’s With Judges Wanting to Re-Write Settlement Agreements?!
(DBN)

______________

Discharge:

Subjective Feeling of Coercion Doesn’t State a Claim for Discharge Violation
(DBN)

______________

Corporate Reform:

House GOP to Trump: Kill All Regulations
(DBN)

______________

Coal:

Coal Miners Lose Their Appalachian Champion
(DBN)

Peabody wins approval to repay bankruptcy loan early
(DBN)

______________

Movies:

‘Silence’ and ‘Il Postino’ Production Company Cecchi Gori Pictures Files For Chapter 11 'Silence' Producer Pledges Legal War Against Hollywood in Bankruptcy Filing
(DBN)

______________

Fraud:

Man who cheated customers out of $45 million with his 'wine Ponzi scheme' is sentenced to 6½ years in prison
(DBN)

______________

UK:

Bank of England holds key rate at 0.25% at last meeting of 2016
(DBN)

Lawyer : Majority of US Firms Will Skip UK for the EU
(DBN)

Modernised insolvency: creditors' decision making
(DBN)

Sir Philip Green urged to meet promise to ‘sort’ BHS pensions black hole
(DBN)

Japanese Banks Packing to Leave London
(DBN)

______________

EU:

Here’s why Europe is failing, and even Merkel can’t save it
(DBN)

______________

PIIGS:

UniCredit outlines plans for NPL sale, securitisation
(DBN)

How a Monte dei Paschi Rescue Is Unlikely to Solve Italy's Banking Problems
(DBN)

Greece Pushes Forward With Measures Opposed by Creditors Greek lawmakers approve pension bonus that angered creditors Tensions Rise Between Athens, Creditors Greece refuses to cede in conflict with creditors Greece Passes Pension Deal In Defiance Of Bailout Creditors Greece reaches pension bonus deal with creditors
(DBN)

______________

Canada:

Statoil Turns Its Back On Canada’s Oil Sands
(DBN)

______________

Brazil:

Brazil may ease takeover rules for troubled firms, paper says
(DBN)

Oi Bondholders Propose $12 Billion Investment Plan
(DBN)

______________

Venezuela:

Some poor Venezuelan parents give away children amid deep crisis
(DBN)

Venezuelans fight to protect their savings as government pulls bills from circulation
(DBN)

______________

China:

China: Our relationship with the US is 'too big to fail'
(DBN)

______________

Ukraine:

Ukraine's central bank closes 18th insolvent bank this year
(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 $64/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