January 21, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: ‘Very Pleased’ Associates At A Leading Silicon Valley Firm
(DBN)

More law firm layoffs are likely, consultants say
(DBN)

Bracewell & Giuliani is Losing … Giuliani
(DBN)

Orrick’s Unusual Houston Entry Announcement
(DBN)

Quinn Emanuel Boosts Law Clerk Signing Bonus to $75K Clerkship Bonus Watch: Will $75K Become The New Standard?
(DBN)

Palm Beach Bankruptcy Lawyer Faces Jail for Contempt
(DBN)

The Rise of Lawyer 2.0
(DBN)

Is Low-Cost Lawyering The Answer?
(DBN)

Does Big Law’s Boston Expansion Have Anything to Do with GE?
(DBN)

The Next Great Investment Idea? Somebody Else's Lawsuit
(DBN)

How Big Data Is Disrupting Law Firms And The Legal Profession
(DBN)

The Great Law School Brain Drain Is The Reason Why More People Are Failing The Bar Exam Than Ever Before
(DBN)

$25 million naming gift for the law school at...
(DBN)

Dallas Federal Judge Halves Big Firm's Fee Awards - $600/Hour Too HIgh
(DBN)

Everything a modern gentleman needs to know about how a perfect suit fits
(DBN)

How to wear a turtleneck with a suit
(DBN)

15 common fashion mistakes that men make — and how to fix them
(DBN)

Why Apple owners should update their iOS right now
(DBN)

Researchers discovered a psychological trick that will make you a better negotiator
(DBN)

19 things you need to stop saying at work this year
(DBN)

Oregon militants sit silently as furious residents shame them for ruining their community
(DBN)

'Very strong possibility' that 'El Chapo' will be sent to the 'Alcatraz of the Rockies'
(DBN)

Ohio man ordered to euthanize his vicious pet — but he adopts innocent rescue dog to have it killed instead
(DBN)

Wisconsin tried to shut down 'Making a Murderer' before it came out A Chat With Dean Strang and Jerry Buting From ‘Making a Murderer’ Making A Murderer Star Is Super Honest About Being Widely Despised
(DBN)

Lawyers were among victims of ‘career fabulist’ sentenced in 2nd fraud case, news report says
(DBN)

After mistrial in client extortion case, 2 law partners take plea involving no prison time
(DBN)

Spelling error sparks police terrorism investigation of schoolboy, 10
(DBN)

5 Things Lawyers Can Learn From S-------- About Sales
(DBN)

Houston lawyer and his son are set on fire; man is charged
(DBN)

Widow says Apple wanted death certificate, will and court order to reveal spouse account password
(DBN)

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Judges:

New ethics complaint: Judge paid lawyers appearing before him, offered defendant $300 for n--- pose
(DBN)

Judge nixes $25M settlement because plaintiff’s lawyer was told of jury note before defense counsel
(DBN)

Supreme Court Justices Can Be Political Too
(DBN)

Bill Seeks New BK Judges For DE, MI, FL
(DBN)

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Wall Street:

Stock futures seesaw
(DBN)

Dow falls 500, S&P at lowest level since late 2014 as oil breaks $27 U.S. Stocks Sink With Markets Around the World Late Rally Helps US Stocks Claw Back From Steep Selloff Stocks end sharply lower, but trim heavy losses in wild trading
(DBN)

Equities whacked by oil tumble; bear confirmation nears
(DBN)

Everything You Need To Know About The 2016 Stock Market Selloff
(DBN)

The most powerful force buttressing the stock market has been broken
(DBN)

Goldman Revenue Tops Estimates, Profit Falls on Legal Costs Goldman posts smallest profit in 4 years after bond settlement Goldman Sachs is swimming against the tide
(DBN)

Gundlach : Stock, credit declines suggest margin calls
(DBN)

Market is 'adjusting' to oil, China: Citigroup CEO
(DBN)

Wall Street Seen Enduring Deeper Cuts to Boost 2016 Profits
(DBN)

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Layoffs:

Barclays to Cut Investment Bank Jobs in New York, London
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Deutsche Bank just announced preliminary earnings — and they're terrible
(DBN)

Deutsche Bank Lost $7.3 Billion in 2015
(DBN)

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Computers:

IBM's stock has hit a 5-year low
(DBN)

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Paper:

If Verso Goes Bankrupt, It Will Be The Largest Filing in the Sector Since 2011
(DBN)

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Pensions:

Pension participants weigh in on Teamsters' plan to cut benefits
(DBN)

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Coal:

The Coal Miner `On Everybody's List' as Next Bankruptcy Victim
(DBN)

Natural gas likely overtook coal as top U.S. power source in 2015
(DBN)

Not Doomed Yet: Obama and China Slow Coal's Roll
(DBN)

Moving Walter Energy forward: What's next for the Alabama coal giant?
(DBN)

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Hollywood:

Bankruptcy Judge Orders Relativity Media To Pay Disputed FTI Consulting Fees - "Petty Bickering"
(DBN)

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Telecoms:

Sprint Shares, Bonds Fall to Multiyear Lows on Turnaround Doubts
(DBN)

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Metals:

Allegheny Technologies to book $267 million charge
(DBN)

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Autos:

As Obama Takes Victory Lap Over Auto Industry Rescue, Here Are The Lessons Of The Bailout
(DBN)

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Student Debt:

How to Apply for Student-Debt Forgiveness for Victims of School Fraud – At A Glance
(DBN)

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Celebs:

Dean McDermott Wants Tori Spelling to File for Bankruptcy Tori Spelling: Filing For Bankruptcy After Humiliating Lawsuit?
(DBN)

Amal Clooney Is Going Back To School
(DBN)

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Defaults:

Fitch: Verso Filing Would Propel US TTM Default Rate to 3.7% - Yahoo
(DBN)

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Awards:

Los Angeles Bankruptcy Lawyer, Megan Craig, Wins Top Honors For Outstanding Performance
(DBN)

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Fabric:

Report: Hancock Fabrics preparing for second bankruptcy filing
(DBN)

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Distressed Investing:

Leveraged Loan Fund Assets Slide To 33-Month Low
(DBN)

Junk-Bond Market Risk Gauge Stages Biggest Jump Since 2009
(DBN)

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Mining:

Worst Mining Bet in 2016 Is First Quantum as Rout Fans Debt Fear
(DBN)

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Debt Collection:

Typo Can't Save Creditor From Collection Violation
(DBN)

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Private Equity:

Private Equity's Golden Age Wasn't So Golden After All
(DBN)

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Economy:

Weak U.S. inflation, housing data lower March rate hike chances
(DBN)

Fed rate hikes now seen as one and done for 2016
(DBN)

Economists See Job Gains Offsetting Stock-Market Pains
(DBN)

Will a Blizzard Freeze U.S. Economic Growth for a Third Straight Year?
(DBN)

Gundlach : Declines not stopping anytime soon
(DBN)

A 'canary down the coal mine' that predicted the 2008 crisis is signaling another crash
(DBN)

Why Are Corporations Hoarding Trillions?
(DBN)

This Isn't 2008 And It's Not Time To Panic . . . Unless You Run A Hedge Fund
(DBN)

The 25 best jobs in America right now, according to employees
(DBN)

Which Companies Tend to Outperform Ahead of a Downturn?
(DBN)

IMF Scraps Loophole Allowing Bigger Loans to Stop Contagion
(DBN)

Global Bond Downgrades Climb to Highest in Six Years, S&P Says
(DBN)

Once Upon a Time, Congress Cut Deficits
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

MBA: Mortgage apps jump again, rise 9%
(DBN)

Here's how much you'd have to earn to buy a house and live comfortably in 23 US cities
(DBN)

Red-Hot Property Markets Cool as Rich Investors Retrench
(DBN)

Where America’s Millionaires Live (Increasingly, ‘Mayberry’)
(DBN)

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Municipalities:

Rauner Tells CPS ' Bankruptcy Not A Dirty Word' How Illinois’ millionaire GOP governor plans to bust Chicago’s largest teacher union CPS bankruptcy would void teachers contract, give power to judge Rauner says he'd fight union with state takeover Rauner on CPS takeover attempt: 'The mayor has failed' Plan for takeover, bankruptcy is 'lifeline' for CPS, Republicans say Will Illinois take over Chicago's debt-ridden public schools? Chicago mayor opposes state takeover of schools Bruce Rauner Has Pushed a CPS Bankruptcy For a Long Time
(DBN)

Why Detroit schools are in such deep trouble Most Detroit Public Schools Closed as Teacher Protests Ramp Up
(DBN)

The Detroit Bondholders Did Not Get 'Stiffed'
(DBN)

After Christie Vetoes Aid, Atlantic City Eyes Bankruptcy Special meeting called to discuss Atlantic City bankruptcy AC mayor: Bankruptcy is possible Why Atlantic City's Mayor Says the Place May Go Bankrupt Atlantic City bankruptcy 'worst possible outcome,' Sweeney says
(DBN)

Lead-poisoning truthers say Flint water crisis ‘vastly overstated’ — and might even be ’a hoax’ Newly released emails show Michigan officials' long indifference to the Flint water crisis Flint: Crisis Grew Along with Shifting Blame Flint Water Crisis Fallout Spreads Finally, We Know Exactly What Led to the Flint Water Crisis Flint's Water: What the Media Got Wrong
(DBN)

U.S. Treasury Secretary urges Congress to act on Puerto Rico Urges Congress to Grant Puerto Rico Bankruptcy Lew: Bankruptcy a must-have for Puerto Rico
(DBN)

US says Puerto Rico creditors should 'share sacrifice'
(DBN)

Bankruptcy is Wrong for Puerto Rico
(DBN)

Bankruptcy bill for Puerto Rico is unconstitutional
(DBN)

What’s next? Bankruptcy or Disincorporating? Browning’s City Hall closes its doors and radio station goes off the air
(DBN)

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Retailing:

Wal-Mart to hike pay for 1.2 mln workers in 2016 Walmart Hikes Hourly Pay To $10 Minimum For Most Workers
(DBN)

How Quiksilver Lost Its Soul and Ended Up in Bankruptcy Court
(DBN)

American Apparel Founder Charney in Court to Reclaim Company American Apparel and Dov Charney face off in Bankruptcy Court American Apparel faces tussle for control at bankruptcy hearing Ex-CEO to take stand in court fight for American Apparel
(DBN)

Brick-and-mortar retailers are sinking into a quagmire
(DBN)

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Oil/Gas:

Oil plumbs new lows below $27 in unrelenting rout Oil plunges further amid global glut Oil tumbles under $27 on February contract's expiration day Oil Extends Drop From 12-Year Low as US Supplies Seen Rising U.S. Oil Posts Biggest One-Day Percentage Loss Since September
(DBN)

Oil price rout intensifies as 2016 loss nears 30%
(DBN)

Ex-Burleson Group Moves to BakerHostetler
(DBN)

Oil Below $30 Is 'Countdown To Endgame' For Some Shale Producers
(DBN)

Energy sector’s default risk is skyrocketing
(DBN)

US Oil Sector Bankruptcies To Rise In 2016 As 'Panic And Fear' Grip Industry
(DBN)

How Energy Companies Are Reacting to the Plunge in Oil
(DBN)

Default risk in energy debt seen as higher than Great Recession
(DBN)

Oil price slump is hurting more than just energy companies
(DBN)

Outlook darkens for oil field services companies as rout continues
(DBN)

This analyst thinks oil prices may not have hit bottom
(DBN)

Big U.S. banks brace for energy loan losses as oil plunges
(DBN)

On Hold: List Of Deferred Upstream Oil, Gas Projects Grows
(DBN)

Outlook: This energy sector will be a 'bloodbath' in 2016
(DBN)

Bank of America singles out the No. 1 black swan event for the global oil market
(DBN)

JPMorgan Chase: Banks Have Back Against the Wall as Oil Glut Worsens
(DBN)

RBC Lowers Crude Price Forecast
(DBN)

Auction set for Quicksilver Resources' assets
(DBN)

At The Breaking Point: Will Iran's Return Mark The Bottom For Oil?
(DBN)

Shell's Profit Slides Amid $47 Billion Merger, Oil Price Collapse Shell expects 4th Q profits to drop at least 40 percent
(DBN)

One Gallon of Milk Is Now Worth About Two Gallons of Oil
(DBN)

Depressed Rig Demand Continues
(DBN)

Keppel Stops Work for Brazil Client, Takes $160 Million Hit
(DBN)

Right now, it's all about oil
(DBN)

Oil slump is hurting more than just energy companies
(DBN)

Burned investors: Just give up on oil already
(DBN)

Report: Oil, Gas Salaries Decline; Employees Will Accept Pay Cuts
(DBN)

Obama to Force Oil, Gas Companies to Pare Potent Methane Leaks
(DBN)

Oil below $30 fans wipeout fears among US shale survival artists
(DBN)

Kinder Posts Quarterly Loss After Slashing Investor Payout
(DBN)

In The Oil Bust, This Texas Tycoon Sees A Land Of Opportunity
(DBN)

Canadian oil producers could further slash spending to limit losses
(DBN)

As Oil Prices Gyrate, Underlying Trends Are Shifting To Oil's Disadvantage
(DBN)

Moelis Says Energy Buyers Regretting Takeovers Amid Oil Plunge
(DBN)

How balance of power in oil trade is shifting back to OPEC
(DBN)

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Healthcare:

Complaint Pits Forest Park Fort Worth At Odds With Founding Physician And Management Company
(DBN)

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Education:

University president’s plan to cut struggling freshmen: ‘You just have to drown the bunnies’
(DBN)

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Religion:

Lawyers for Gallup Diocese say they will submit settlement
(DBN)

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Shipping:

Dry-Bulk Shipping Firms Face Unprecedented Crisis
(DBN)

Eagle Bulk holds off its lenders after missed repayment
(DBN)

Debt-ridden Hyundai Merchant to sell bulk shipping business
(DBN)

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Fraud:

Martin Shkreli subpoenaed to appear before Congress
(DBN)

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Corporate Governance:

Lessons From the Most Cited Chancery Court Decisions of 2015
(DBN)

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Taxis:

Uber usage by business travelers surpassed taxi and car rentals in 2015
(DBN)

GM Going into Taxi Business in a Big Way
(DBN)

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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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - 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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Sanctions:

No Sanctions, Interest Award Despite Creditors ' 'Games'
(DBN)

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Exemptions:

Ch. 13 Debtor Can Exempt Home Conveyed to Living Trust
(DBN)

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Settlements:

Tenth Circuit Bankruptcy Appellate Panel Approves Settlement Agreement with Foreclosing Lender Over Objections of the Debtor
(DBN)

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Chutzpah:

You’ve Got a Lot of Chutzpah : Pondering the Prevalence of Chutzpah as a Legal Term, and Revisiting the Very Issue of Chutzpah
(DBN)

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Proofs of Claim:

Filing a Proof of Claim after Crawford: the Potential for Creditors to Face FDCPA Violations in the Eleventh Circuit
(DBN)

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Litigation:

Supreme Court rules against company seeking to end class action with settlement offer
(DBN)

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TBTF:

U.S. banking regulator says debt rule for big banks could lead to instability
(DBN)

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Press:

Bloomberg Challenges Judge’s Order on Molycorp Disclosures Bankruptcy court continues investigation into Bloomberg sources; two hearings scheduled Bankruptcy judge changes his mind on Bloomberg order Molycorp judge gives Bloomberg time to fight disclosure order Bloomberg gets hearing to contest order for information from its sources
(DBN)

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Weather:

A historic blizzard may slam the Northeast this weekend 'Crippling' storm forecast to slam East Coast
(DBN)

2015 was the hottest year in history by the widest margin on record
(DBN)

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Politics:

Bernie Sanders' stunning popularity is 'almost unheard of' Sanders Up 27 Points in New Hampshire
(DBN)

Some of the emails on Hillary Clinton's server were reportedly so sensitive that investigators initially didn't have clearance to view them
(DBN)

The Republican primary has cratered voters' images of the GOP
(DBN)

Former Defense Secretary calls out Trump for 'over-the-top’ ISIS plan The Most Mystifying Lines of Sarah Palin's Endorsement Speech Donald Trump goes off on 8-minute riff against Ted Cruz at campaign rally Donald Trump is 'pure propaganda for groups like ISIS,' says the son of a terrorist involved in the 1993 World Trade Center attack Trump: Bernie Sanders is a 'total whack job' Trump: Sarah Palin would serve a role in my administration if she wanted to Trump Is Repaying His Debt to Palin Palin joins Trump on campaign trail Sarah Palin, Donald Trump, and Political Instability Donald Trump Calls Ted Cruz’s Explanations ‘Worse Than Hillary’ Trump: Hillary Clinton is only being nice to Obama 'because she wants to stay out of the clink' Donald Trump is crushing a pair of GOP rivals in their own backyard Palin Blames Obama for Son's Issues Veterans: Don't Blame Obama for Track Palin's Behavior
(DBN)

Obama mocks Republican rhetoric on the economy: ‘It’s terrible and on fire and covered in bees!'
(DBN)

Cruz Has a Point About Big City Values Bob Dole on Cruz: Nobody Likes Him
(DBN)

Kasich serene despite pace and stakes of GOP race
(DBN)

Republican Race Enters Survivor Phase
(DBN)

Rubio has a late-bloomer strategy in GOP presidential race
(DBN)

Clinton Fact Check: "Every piece of legislation, just about, that I ever introduced (in the U.S. Senate) had a Republican co-sponsor."
(DBN)

A contested GOP convention — political junkie's dream, politico's nightmare
(DBN)

Clinton or Trump? How Executives at Davos See Their Chances
(DBN)

The Real Ronald Reagan
(DBN)

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Gambling:

Caesars bankruptcy may hinge on releasing probe results -U.S. judge Bankruptcy Judge Warns Caesars Reorganization Not a Given
(DBN)

Trump (Entertainment) Wins!
(DBN)

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Guns:

Post- Bankruptcy , Colt Wants a Bigger Piece of Gun Sales
(DBN)

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Sovereigns:

Argentina and holdout investors to resume debt talks Feb 1-mediator
(DBN)

Argentina says hedge funds seek delay on debt offer
(DBN)

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UK:

Report: Barclays is slashing its bonus pool by 10%
(DBN)

Fears over Bolton's ability to pay staff as financial woes bite harder
(DBN)

Pearson to cut 4000 jobs, cap dividend due to weak earnings‍
(DBN)

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PIIGS:

Greece OKs $402.5M offer from China's Cosco for port stake
(DBN)

Brussels to probe €2bn in state aid for Italian steelmaker Ilva
(DBN)

Greek Leader Pushes for Less Austerity
(DBN)

Greece: Ernst & Young forecasts GDP contraction of 2.9 pct this year
(DBN)

Italy - Debt Restructuring Agreements entered into by Real Estate Funds
(DBN)

Italy Bond Drop Amid Global Rout Shows Limits of ECB Protection
(DBN)

Regulators add to woes over Italian banks
(DBN)

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Canada:

Postmedia woes a microcosm of challenges facing entire newspaper industry
(DBN)

Primus in court creditor protection as it seeks to revamp mission
(DBN)

War of words in $2.2B battle over U.S. Steel
(DBN)

Rough Start to 2016 Brings Down Canadian Oil Company Spending
(DBN)

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India:

Banks take control of debt-ridden Alok Industries
(DBN)

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Australia:

Clive Palmer firms jump queue of creditors for Queensland Nickel Clive Palmer's nickel refinery cleanup looms as environmental test case
(DBN)

Woodside writes down asset values by $1 billion-plus on falling oil prices
(DBN)

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China:

China told to let more companies fail
(DBN)

China Hemorrhaged $676 Billion Last Year
(DBN)

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Austria:

Austria offers Hypo bondholders up to 75% money back
(DBN)

Carinthia makes bid to slash debt and avoid bankruptcy Austrian state asks creditors to slash debt to avoid bankruptcy
(DBN)

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Ukraine:

Ukraine finance minister says Russia bond restructuring can differ from private sector swap
(DBN)

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Japan:

Japan Must Let Zombie Companies Die
(DBN)

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Malta:

Insolvency law reform expected in coming months
(DBN)

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Russia:

'Real trouble' in Russia when reserves run out: Browder
(DBN)

Ruble Hits All Time Record Low
(DBN)

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