December 21, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Nationwide Market Bonuses With Lower Billable Hours Thanks To A Merger
(DBN)

Kirkland & Ellis Places Bonuses In Stockings — Break Open This Black Box
(DBN)

Biglaw Firm Hits The Mark With Individualized Bonuses
(DBN)

Associate Bonus Watch: A Litigation Powerhouse Announces
(DBN)

Tips for Law Firms' Year-End Cash Grab - And How to Avoid It
(DBN)

TX: Firms Finding Work in Distress
(DBN)

Kirkland litigators are reportedly hit hard in reallocation of partner shares
(DBN)

How To Win Clients And Influence Funders
(DBN)

Will There Be Non-Humans in the Legal Industry?
(DBN)

The Machine Overlords Aren’t Coming For Us Just Yet
(DBN)

Baker McKenzie’s New Chair on Trump, Brexit and the Business of Law
(DBN)

‘It was horrible’ review is taken down; lawyer had filed court petition to find out who wrote it
(DBN)

ABA sues over feds’ disqualifications of lawyers from Public Service Loan Forgiveness program ABA Accuses Government of Reneging on Law School Loan Forgiveness
(DBN)

Crowell & Moring Plays Catch-Up with NY Merger Bid
(DBN)

Lawyers for Trump University plaintiffs reveal how they got the case and why they’re forgoing a fee
(DBN)

Up All Night: Trial Eve
(DBN)

How To Work from Home
(DBN)

More On The Department Of Education's Decision To Cut Off Federal Student Loans For Charlotte Law School
(DBN)

For-Profit Law School Wants To ‘Protect’ Students Now That They Can’t Get Loans
(DBN)

Beyond Biglaw: We Can All Help (Part 1) — Measuring Impact
(DBN)

Last-Minute Shoppers: Top 10 Gadgets for Your Lawyer
(DBN)

How To Know If You Are A Gunner
(DBN)

Strict dads, your future self, and 3 more psychological theories why you put things off until the last minute
(DBN)

Trump's Israel ambassador pick viewed as bankruptcy dealmaker Trump’s bankruptcy lawyer envoy to Israel has the foreign-policy establishment in a panic Israeli Ambassador Backs Trump Pledge to Move U.S. Embassy to Jerusalem Trump's Capital Idea
(DBN)

Sycamore lawyer faces federal bankruptcy fraud charges
(DBN)

Ex-Atty Charged In Fla. With Embezzling Bankruptcy Funds
(DBN)

Should law firm keep secret an email requesting legal help? Settled case raises issue
(DBN)

HBO’s 'The Jinx' played key role in ‘urgent’ timing of Robert Durst’s arrest, prosecutors say Newly Released Tape Shows Robert Durst Interrogation Robert Durst Suggests He Would Accept Plea Deal
(DBN)

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Judges:

BK MD PA: Tentative Selection of Henry W. Van Eck as Bankruptcy Judge
(DBN)

Judge criticized for six-month sexual assault sentence won’t face discipline
(DBN)

Supreme Court Nominations Will Never Be the Same
(DBN)

Trump SCOTUS Short-Lister Tom Lee: Five Things to Know
(DBN)

Dozens Of Obama’s Judicial Nominees, Including Historic Picks, Won’t Make It Onto The Bench
(DBN)

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Wall Street:

Dow poised to flirt again with ‘magical’ 20,000 level
(DBN)

Dow falls shy of 20000 but notches new high
(DBN)

Investment bank Jefferies just had a killer quarter, with profit jumping four-fold
(DBN)

Wall Street’s ‘fear gauge’ implies that few are prepped for a stock-market shock
(DBN)

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Layoffs:

Ericsson Said to Weigh 1,000 Job Cuts
(DBN)

Hundreds of Pennsylvania Jobless Center Workers Lose Jobs
(DBN)

Merry Christmas: You're fired!
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Taxis:

Uber Could Lose $3 Billion This Year Uber is hiding everything it can from users and investors who deserve to know the facts
(DBN)

Uber attempted to charge a Philadelphia woman $28,639 for a ride
(DBN)

Uber drivers say, yes, you should tip them
(DBN)

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Yoga:

Yoga Startup Yoga Smoga Files For Bankruptcy
(DBN)

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Personal Finance:

5 mistakes Americans are making with their money
(DBN)

10 people you might be tipping this season, but shouldn’t
(DBN)

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Distressed Investing:

An “Investment In Lynn Tilton’s Judgment” Apparently Something People Pay For
(DBN)

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Hedge Funds:

A Billionaire Retrenches in a Tough Year for Hedge Funds
(DBN)

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Healthcare:

Marshalltown Healthcare files for bankruptcy protection Waterloo UnityPoint aims to buy bankrupt Marshalltown hospital Marshalltown hospital files for bankruptcy protection
(DBN)

TRMC’s secret loan
(DBN)

Next Crisis: How Medicare Pays Doctors
(DBN)

If Not Obamacare, Then What? CBO Lays Down Key Ground Rules For Scoring Obamacare Replacement Plans
(DBN)

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Shipping:

International shippers tossed by perfect storm
(DBN)

Hanjin to Sell Stake in U.S. Terminal to Mediterranean Shipping
(DBN)

Crew stranded off B.C. island receives load of Christmas presents
(DBN)

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Tech:

BlackBerry is still on life support
(DBN)

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Hollywood:

Relativity Furloughs Employees Over Holiday Break
(DBN)

Ryan Kavanaugh Resigns as Relativity Studios CEO
(DBN)

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Coal:

Arch Coal Jumping After Big MKM Partners Call
(DBN)

America's biggest coal stronghold is not in West Virginia — but it's losing momentum, too
(DBN)

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Tax:

Is RIP Really a Way Out for Some with Medical Debt?
(DBN)

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Economy:

Census Says U.S. Population Grew at Lowest Rate Since Great Depression This Year
(DBN)

Dalio’s Advice For Thriving In Trump’s America: Read Ayn Rand, Be Rich Ray Dalio says read Ayn Rand to understand Trump's economics. Here's what that means
(DBN)

Chemical Activity Barometer "Ends Year on Strong Note"
(DBN)

How Men’s Economic Struggles Can Look Like Good News for Women
(DBN)

Report: Consumers’ Debt Increases as Cost of Living Outpaces Income Growth
(DBN)

These 100 CEOs have more retirement savings than 41% of American households combined
(DBN)

Population: Western States Growing Fast Texas Tops the Nation in Population Growth
(DBN)

Home-building robot could put construction crews out of business
(DBN)

The next job to be automated: bartending?
(DBN)

In Trump cabinet, Commerce secretary pick Wilbur Ross will run trade policy
(DBN)

How a controversial GOP plan could boost the taxes on a sweater from $1.75 to $17
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

1st Cir. Rejects Bankruptcy Trustee's Effort to Avoid Mortgage Due to Allegedly Defective Acknowledgment
(DBN)

CoreLogic: "Mortgage loans originated in Q3 continued to exhibit low credit risk"
(DBN)

It hasn’t been this difficult to get a home loan since 2000
(DBN)

Borrowers brush off rising rates, pushing mortgage applications 2.5% higher
(DBN)

Mortgage credit default rate remains frozen in November Is it Déjà Vu All Over Again with Delinquencies?
(DBN)

"Rates Stay Near Highs Despite Market Improvement"
(DBN)

How Much Self-Indulgence Do Millennials Have to Give Up to Buy a House?
(DBN)

The best US cities for first-time homebuyers
(DBN)

Fannie Mae: Expect modest growth in 2017
(DBN)

New York Imposes Increased Inspection, Reporting and Maintenance Obligations on Mortgagees and Servicers of “Zombie” Properties
(DBN)

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Municipalities:

Puerto Rico Warns of $2 Billion Deficit If Forced to Pay Debts
(DBN)

Congressional Task Force on Economic Growth in Puerto Rico - Report to the House and Senate
(DBN)

Puerto Rico revised budget gap projection up $10 billion to $67.5 billion: Board
(DBN)

Control Board Outlines Measures to Fight Puerto Rico Crisis
(DBN)

How Dependence on Tax Breaks Corroded Puerto Rico's Economy
(DBN)

Puerto Rico's Fiscal Gap (2017 Projections Through June)
(DBN)

Puerto Rico: Governor-elect says Islands will run out of money by February Puerto Rico gov elect warns funds dwindling to pay salaries
(DBN)

Let's stop the predatory lenders from draining Puerto Rico even further
(DBN)

Struggle and signs of revitalization in San Bernardino
(DBN)

4 former Flint officials have been criminally charged over the water crisis Flint's former emergency managers face felony charges in water crisis New Flint charges: Who's responsible when government fails?
(DBN)

Flint crisis charges raise scrutiny of EM law
(DBN)

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Oil/Gas:

Oil rises on expectations of declining U.S. stockpilers
(DBN)

The tumultuous 155-year history of oil prices
(DBN)

IP Licenses & Bankruptcy (Part 2 – Seismic Data)
(DBN)

Port Hudson natural gas liquids terminal sold in bankruptcy auction Murphy Energy Approved to Sell Natural-Gas Terminals
(DBN)

Bankruptcy judge closes Primera Energy's Chapter 11 case
(DBN)

Challenges Remain For Halcon Resources Corporation
(DBN)

Chesapeake Raises A Billion Bucks And Cuts Liabilities
(DBN)

The Oil And Gas Situation - 2016 Year In Review
(DBN)

‘’EVs, Solar Could Push Oil Down To $10 By 2025’’
(DBN)

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Politics:

Trump: Bill Clinton's the one who 'doesn't know much' Mexican central-bank chief: The Donald Trump 'horror movie' is about to start Which Trump Will the World See? Trump Family Sells Access to the President to Raise Money for Private Charity Nonprofit Linked to Trump Sons Offers Donors Access to President For President-Elect Trump, Loyalty Comes Second Trump could set new precedent with private security force Trump is flirting with financial disaster by picking Mulvaney for budget chief Trump’s Role in Son’s Failed Deal May Yield First Test for a State Regulator CEOs Love Trump, but are Dumping Stock Emoluments Clause: Is Trump Impeachable?
(DBN)

Krugman: The 'America we knew and loved is gone'
(DBN)

Democrats Had a Knife, and the G.O.P. Had a Gun
(DBN)

Almost Half of U.S. Voters Not Sure Russia’s Behind Election-Related Hacks
(DBN)

Newt Gingrich says Donald Trump should just pardon advisers who break the law
(DBN)

Here’s the real reason Rust Belt cities and towns voted for Trump
(DBN)

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Electricity:

Energy Future, senior creditors reach $800 mln bankruptcy deal EFH Settles $800M Prepay Premium Fight With Senior Lenders
(DBN)

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Fraud:

FL: Businessman accused of $100 million fraud claims bankruptcy
(DBN)

Two Houston energy companies implicated in alleged New York Ponzi scheme
(DBN)

Trump Guarantees to Fund 'Trump U' Class Action Settlement Days Before He Takes Office
(DBN)

Trump University Fraud Case Judge Calls Students’ Deal Fair
(DBN)

Obama includes handful of bank fraud pardons in major clemency sweep
(DBN)

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Banking:

Wells Fargo Scrambles to Deal With New Crisis
(DBN)

Senate GOP Targeting Bank Failure Fund in Dodd-Frank
(DBN)

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Food/Beverage:

Valentine's Day Take-Out Trend Is Bad News for Restaurants
(DBN)

Ray’s The Steaks affiliate files for Chapter 11 bankruptcy protection again
(DBN)

NM: Judge signs off on Flying Star reorganization
(DBN)

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Aviation:

CHC: Rising from the ashes of Chapter 11
(DBN)

Airline Responds To Deadly Crash By Sacrificing Goat on Airport Tarmac
(DBN)

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Debt Collection:

Illinois Federal Judge Rules Collection Agency is Liable for Law Firm’s FDCPA Violation
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (124 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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Committees:

Appeals Court Strengthens Protections for Bankruptcy Committee Members
(DBN)

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Proofs of Claim:

Supreme Court to Settle Circuit Court Split on Whether Filing a Stale Proof of Claim Violates the Fair Debt Collection Practices Act
(DBN)

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Miscellaneous:

Top 10 Things Every Business Lawyer Should Know about Bankruptcy
(DBN)

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Mediation:

Mediators Just Want to Get Paid: A Recent Hiccup in Bankruptcy
(DBN)

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Make-Whole:

Impending Circuit Split on ‘Makewholes’ Prompts Rehearing Motion by Energy Future
(DBN)

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Standing:

Trustee Lacks Standing to Assert Legal Malpractice Claims on Behalf of Debtors
(DBN)

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Litigation:

2017: The Year of Proportionality
(DBN)

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Banking:

Heartland Bank, Stung in NY Bankruptcy, Enters Agreement With Federal Reserve
(DBN)

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Student Debt:

Social Security Checks Are Being Reduced for Unpaid Student Debt More borrowers are losing Social Security benefits over old student loans The Student Debt Crisis Is Driving Elderly People Into Poverty
(DBN)

To Boost the Economy, Help Students First
(DBN)

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Autos:

W will fix, buy back more polluting U.S. diesel vehicles
(DBN)

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Celebs:

Forfeiture request served to 'Dance Mom' Abby Lee Miller Feds want 'Dance Moms' star to lose $120K in currency case
(DBN)

Prince died 'owing $600,000 in legal fees
(DBN)

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Retailing:

Limited Stores Is Said to Plan for Bankruptcy and Possible Liquidation
(DBN)

Distressed Retailers Scour Loan Fine Print for Debt Tactics
(DBN)

American Apparel may soon be owned by company accused of poor working conditions
(DBN)

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Modular Buildings:

Modular Space Holdings and Affiliates File Prepack in DE First Day Dec Plan
(DBN)

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Fintech:

Argon Credit Files for Chapter 11 Bankruptcy Protection
(DBN)

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Education:

Deadline set for bids to buy Dowling's Oakdale campus
(DBN)

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Ethanol:

Vilsack Worried About Ethanol's Future
(DBN)

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Autos:

An Avoidable Crash in Car Loans
(DBN)

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UK:

London Restructuring Bulletin: Looking Ahead to 2017
(DBN)

Berkeley Applegate and when administrators can get in too Deep (Purple)
(DBN)

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EU:

European Banks Risk Becoming Irrelevant
(DBN)

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PIIGS:

Monte Dei Paschi, All Alone, Searches Vainly For Love In A Cold, Uncaring World Monte Paschi Struggling to Lure Investors Banca Monte dei Paschi's liquidity may run out in 4 months: report Shares in the world's oldest bank are recovering as a bailout moves closer
(DBN)

Italy Bank Rescue Won’t Fill $54 Billion Hole on Balance Sheets
(DBN)

Saving Italy’s Banks Means Missing Public Debt Target Once Again
(DBN)

Germany gets rattled again about its hidden bailout of Italy, Greece
(DBN)

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Germany:

New German Law on Close-Out Netting in the Event of Insolvency
(DBN)

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India:

Solving Insolvency in India?
(DBN)

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Venezuela:

Venezuela’s Currency Madness
(DBN)

Venezuela Deploys Troops After Weekend Riots
(DBN)

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Slovakia:

New Personal Insolvency Regime in Slovakia
(DBN)

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Australia:

Tinkler bid to escape bankruptcy fails first hurdle
(DBN)

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China:

The Fed Puts China in a Bind
(DBN)

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