January 27, 2016

The Daily Bankruptcy News

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Law:

Is Big Law Having Its Kodak Moment?
(DBN)

Latham associates refinance $13M in student debt, thanks to firm’s efforts Biglaw Firm Helps Associates ‘Latham’ Their Law School Debt
(DBN)

Bankruptcy Lawyer: Stop Living In Misery: You Deserve Better
(DBN)

Paul Hastings Hires Founder of Defunct Energy Law Firm in Houston
(DBN)

King & Wood Mallesons - Chill Sent Through Global Legal Community.
(DBN)

Giuliani’s Big Plans for his Bigger Firm
(DBN)

Kirkland & Ellis Tops $146M in Fees in Energy Future Holding's Bankruptcy
(DBN)

How Student Loan Refinancing Could Undo Federal Loan Policy
(DBN)

Lawyer Slapped With Big Sanctions For ‘Push Polling’ Potential Jurors
(DBN)

Beyond Biglaw: Mistake Tolerance
(DBN)

Research reveals which legal specialisms bring home the bacon
(DBN)

Public law firm plans job cuts
(DBN)

This Biglaw Firm Has Been In Business For A Long Time
(DBN)

The Best Law Schools Are Attracting Fewer Students
(DBN)

The Law School Crisis Is Spreading
(DBN)

Harvard closes probe into defaced portraits of black law profs
(DBN)

Can Going To A Crappy Law School Really Change Your Life… For The Better?
(DBN)

What Law Professors Think
(DBN)

Law School Turns Library Back Office Into Doc-Review Dungeon
(DBN)

How To Be Persuasive – A Guide For Lawyers
(DBN)

Will the iPhone Continue as Lawyers' Smartphone of Choice?
(DBN)

3 Tips For Building Professional Relationships
(DBN)

California inmates' escape likely an inside job, expert says
(DBN)

An officer's fall from grace
(DBN)

4th Circuit rules use of Taser can be unconstitutionally excessive force
(DBN)

Second trial starts for New Mexico lawyer accused of shooting homeless man who entered his office
(DBN)

Grand jury turns tables on Planned Parenthood accusers
(DBN)

Oregon standoff leader arrested in shootout Ammon Bundy in Custody After Gunfight Leaves One Dead
(DBN)

Reports: 5 Casualties in Shooting at Seattle Homeless Encampment, Gunman Still at Large
(DBN)

6 Cleveland cops just got fired over a chase that ended with officers shooting at an unarmed couple 137 times
(DBN)

Steven Avery's New Lawyer Attacks Case
(DBN)

Cops: Manhattan Real Estate Developer Accused in Friend's Death Googled "How Do Fugitives Escape" After Indictment
(DBN)

Maine Governor Wants Public Executions
(DBN)

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Judges:

Former Bankruptcy Judge Joins Shannon Gracey
(DBN)

Judge’s coffee request, inappropriately aimed paper bring admonishment
(DBN)

President Trump’s Supreme Court Shortlist: 5 Possible Nominees
(DBN)

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Wall Street:

Wall Street poised for an open in the red
(DBN)

Stocks Close Notably Higher Amid Rebound By Oil Prices
(DBN)

Hulbert: The signal oil is sending about stock prospects
(DBN)

J.P. Morgan cuts S&P target to 2,000, from 2,200
(DBN)

Dimon, Blankfein join the ex-billionaires club
(DBN)

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Layoffs:

DuPont: 5,000 Job Cuts
(DBN)

VMware Will Cut 800 Jobs
(DBN)

Polaris confirms layoffs, job reductions
(DBN)

Xerox confirms nearly 200 layoffs in Cary
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Paper:

Verso Paper files for bankruptcy, vows 'no impact' on operations Verso, owner of Luke Mill, files for Bankruptcy Verso Corp. files bankruptcy , expects quick process Leading US paper company Verso files for bankruptcy
(DBN)

Verso Files Chapter 11, Eyes Debt-for-Equity Swap, Lines up $600M DIP Loan
(DBN)

Analysis: What might Verso look like after Chapter 11?
(DBN)

Verso Corporation Reaches Agreement with Certain Creditors
(DBN)

Verso: Employees will not lose jobs
(DBN)

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Politics:

In 2016 Voter’s Anxiety and Fear, a Message to the Establishment
(DBN)

Will Giuliani Back one of his ‘Close Friends’ for President?
(DBN)

Struggling Atlantic City Remains Political Issue in GOP Presidential Race
(DBN)

Americans Hate Government More Than Ever
(DBN)

Trump attacks Bloomberg (both wallet and firm) Campaign Manager Says Trump Is "Definitely Not" Participating in Fox News Debate Donald Trump's track record on deals ‘Malleable’ Trump more electable than ‘rigid’ Cruz Trump on his unorthodox campaign What Donald Trump understands that Hillary Clinton doesn’t, and vice versa Donald Trump said he'd kill terrorists' families at a rally. His crowd went wild Is Donald Trump the anti-Obama? Trump says US economy in a 'bubble' he doesn't want to inherit How Trump is forcing Republicans to rethink poverty This 9-year-old may be Donald Trump’s most loyal supporter Trump slams America's schools and vows to kill one of the most controversial aspects of US education 'Do you apologize?': Donald Trump clashes with reporter before cutting him off at a press conference GOP Insiders: Who Let Trump Get This Far?
(DBN)

Bernie Sanders has the most realistic plan to boost wages and job creation Sanders Fact Check: Polls Say I'm A Stronger Candidate Than Hillary For Bernie Sanders, Iowa Caucus Holds the Key Bernie Sanders Becomes Object of Republican Fascination in Iowa Is Clinton or Sanders Obama's True Heir?
(DBN)

Elizabeth Warren Sinks Clinton's Hopes for Endorsement Clinton Tax Plan Would Raise $498 Billion but Hinder GDP Growth Hillary Clinton Goes Back to the Dunning School
(DBN)

Elizabeth Warren , Joe Biden loom if Hillary Clinton can’t pull it together
(DBN)

What Ted Cruz Values Cruz: Trump 'could be unstoppable' A Harvard Law professor explains why he thinks Ted Cruz is ineligible to run for president
(DBN)

Economic Anxieties Confront Presidential Candidates
(DBN)

Here’s the far-fetched scenario that Mike Bloomberg thinks could take him to the White House Bloomberg for president? It could happen
(DBN)

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Autos:

VW diesel cheating an 'open secret' within company, report alleges
(DBN)

Tesla shares are getting crushed
(DBN)

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Personal Finance:

The best and worst things to buy in February
(DBN)

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Steel:

AK Steel posts loss on pension accounting costs
(DBN)

____________

Horse Racing:

Disease outbreak threatens Sunland Park track
(DBN)

____________

Social Media:

Uncertainty Reigns over Ownership of Social Media Content
(DBN)

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Economy:

Global stocks, dollar struggle ahead of Fed as oil falters
(DBN)

Wall Street now sees next rate hike in May: Survey
(DBN)

Fed faces a messier economic picture 6 weeks after rate hike
(DBN)

Americans Still Generally Upbeat About Personal Finances
(DBN)

World Bank slashes outlook for 80% of commodity prices
(DBN)

Mohamed El-Erian warns about a day of reckoning
(DBN)

Oil price slump sends U.S. distress ratio to heights not seen since Great Recession
(DBN)

Consumer confidence inches up in January
(DBN)

Recession Warnings May Not Come to Pass
(DBN)

Markets finally adjusting to reality that we're entering recession: Faber
(DBN)

Paul Krugman thinks the Fed may have raised rates because the GOP got in its head
(DBN)

'Firms are bracing themselves for worse to come'
(DBN)

The Fed must confront this inconvenient fact
(DBN)

Gundlach: 'What the heck is the Fed doing?'
(DBN)

Deeper dive into market monsoon shows recession alert mute
(DBN)

Inversions to hit corporate tax collection: CBO
(DBN)

After Federal Bailout, Tidal Wave of Corporate Migrants Seek To Duck US Taxes
(DBN)

The corporate world is losing women to the “off-balance sheet economy”
(DBN)

This is the biggest financial worry for millennials
(DBN)

We’re seeing extreme conditions everywhere we look, says Cook
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices are up 11% in Portland, S.F. and Denver Home Prices in 20 U.S. Cities Climb by Most Since July 2014
(DBN)

House price gains push past 2007 peaks, FHFA says
(DBN)

JPMorgan to pay Ambac $995 million to settle RMBS-related claims
(DBN)

Wheeler REIT Is Going To Zero
(DBN)

Home Listings Soaring in Houston
(DBN)

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Municipalities:

The fairness of bankruptcy for Puerto Rico
(DBN)

Puerto Rico creditor talks expected Friday -source Puerto Rico to Present Broad Debt-Restructuring Plan Friday
(DBN)

Puerto Rico Needs a Financial Control Board
(DBN)

Puerto Rico opposition blasted for putting status issue ahead of debt crisis
(DBN)

Christie calls for state takeover of Atlantic City Atlantic City Takeover Plan Sparks Fury
(DBN)

Atlantic City's Road Out of Distress Clouded by State's Control
(DBN)

Atlantic City hits pause on bankruptcy after new state plan State Intervention -- Not Bankruptcy -- in Cards for Cash-Strapped Atlantic City In Atlantic City - pride, anger, worry as city teeters on edge
(DBN)

Walmart, Coca-Cola, Nestlé and PepsiCo Donate Water to Flint
(DBN)

Flint, part two? Ohio town's pipes may be contaminated with lead
(DBN)

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Oil/Gas:

Paul Hastings appoints new Houston oil and gas boss
(DBN)

Oil falls as rising inventories wipe out optimism over supply Oil Resumes Decline Near $30 as U.S. Supplies Worsen Global Glut
(DBN)

Oil stablizes $30 on hopes of deal to tackle glut
(DBN)

Gartman: Crude oil will never trade back above $44 'in my lifetime'
(DBN)

Aramco: Oil to Climb by the End of 2016
(DBN)

World Bank: Oil at $37 in 2016
(DBN)

Only Recession Can Prevent An Oil Price Spike
(DBN)

The Good News on Low Oil Prices
(DBN)

Wild or Mild? Oil & Gas Write-Downs Loom for BDCs. But How Deep Will They Be?
(DBN)

Banks cut oil price forecasts on demand concerns
(DBN)

Bank Execs Shrug Off Energy Worries. Investors Don’t
(DBN)

Hess slashes E&P capital, exploratory budget
(DBN)

Sabine Files Bankruptcy-Exit Proposal
(DBN)

Tervita Considers Asset Sales, Restructuring as Debt Weighs
(DBN)

U.S. Objects to Swift Energy's Plan to Sell Most Louisiana Assets
(DBN)

U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses
(DBN)

Oil Rout Has Banks Reining in Risky Loans, Adding to Energy Woes
(DBN)

Kuwait hints OPEC ready to ‘cooperate’ to steady oil Kuwait: Oil situation ‘will be difficult’ until 2020 Key OPEC Members Defend Oil Output Strategy OPEC's Fuzaia Says Oil Prices to Stay Low This Year
(DBN)

Oil Companies to Slash More Jobs
(DBN)

Energy Industry 'Dead-Man Drilling' Into Bankruptcy
(DBN)

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”
(DBN)

Samson Resources Interim CEO to Step Down Joins exodus of staff
(DBN)

Noble cuts dividend, pares back spending budget
(DBN)

Hess cuts 2016 budget by 40 percent
(DBN)

Guy who called $30 oil year ago has more bad news
(DBN)

Credit Suisse: Oil still hasn't hit bottom
(DBN)

Natural Gas Falls on Demand Concerns
(DBN)

Vacant Office Spaces Pile Up in Houston
(DBN)

Cheap oil fails to kill U.S. boom
(DBN)

Oil slump could get worse in Texas Tx. Comptroller: We're Good Unless We're Not
(DBN)

North Dakota's Great Recession and Crisis
(DBN)

China oil demand to grow 4.3 percent in 2016: CNPC research
(DBN)

Murky waters await rig builders after Sete Brasil narrowly escapes bankruptcy
(DBN)

____________

Student Debt:

Student Loan Forgiveness: A New Route
(DBN)

Student loan crisis at its ugliest: I graduated and found out I owe $200,000.
(DBN)

____________

Utilities:

Negligence by Southern California Gas Co. led to massive Porter Ranch-area gas leak, AQMD says Air regulators sue SoCal Gas over months-long well leak
(DBN)

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Food/Beverage:

Judge extends deadline for A&P's cash collateral plan
(DBN)

____________

Electricity:

Hedge Funds Buying Oncor Face Pressure to Share Tax Windfall
(DBN)

____________

Fraud:

District Court Scrutinizes Inter-Account Transfers for Madoff Customers
(DBN)

____________

 


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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Bankruptcy Statistics:

Bankruptcy snapshot reveals US filings up 46 percent in 2015
(DBN)

Attorneys, courts feel drop in bankruptcy filings
(DBN)

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Sales:

Claims Not Listed on Debtor's Schedules Aren't Sold
(DBN)

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Discharge:

Fifth Circuit Runs Completely Off the Rails in Husky Int’l v. Ritz?
(DBN)

____________

Defaults:

Fitch: U.S. High Yield Bond Default Tally Reaches 74 in 2015; Default Rate 3.4%
(DBN)

____________

Tax:

The World’s Favorite New Tax Haven Is the United States
(DBN)

District Court Examines Bankruptcy Discharge Timing Rule For Tax Penalties
(DBN)

____________

Secured Debt:

Secured Creditors Beware: Liability Lurks in Lockboxes
(DBN)

____________

Subordination:

Sentinel Appeal Part II: Seventh Circuit Discusses Equitable Subordination of Non-Insider
(DBN)

____________

TBTF:

Unlike Rival MetLife, AIG Not Shunning SIFI Tag
(DBN)

____________

Weather:

‘Snowzilla’ Blizzard Was No Monster for the Economy
(DBN)

____________

Mass Transit:

California's high-speed rail project is in big trouble
(DBN)

____________

Hollywood:

Bankrupt Hollywood studio calls a story about its big-spending founder 'defamatory'
(DBN)

Relativity Says Creditors Have Voted to Accept Chapter 11 Reorg Plan Most Relativity Creditors Vote To OK Reorganization Plan
(DBN)

____________

Retailing:

Gap to close 175 stores over the next few years
(DBN)

Quiksilver Names Post-Chapt. 11 Board
(DBN)

Joyce Leslie gets approval to hold fast-track auction of stores
(DBN)

American Apparel: Frayed bonds
(DBN)

Can any retailer hope to survive against Amazon?
(DBN)

____________

Taxis:

Uber, Lyft put pressure on taxi companies
(DBN)

Uber: 30 Minutes to Airport for Just $640
(DBN)

____________

Healthcare:

Nuo Therapeutics Inc. Commences Chapter 11 Business Reorganization
(DBN)

Cancer's Financial Burden Tied to Poorer Survival, Study Finds
(DBN)

____________

Mass Torts:

Another Firm Accuses Asbestos Lawyers Of Racketeering
(DBN)

____________

Mining:

There is a global fire sale of copper and coal mines
(DBN)

____________

Sovereigns:

Markets braced for Venezuela debt default
(DBN)

Argentina Succumbs to Bond Turmoil as Macri Euphoria Cast Aside
(DBN)

____________

UK:

UK steel: down but not defeated
(DBN)

UK: OGA branded an "insolvency practitioner" by Shadow Energy Minister
(DBN)

Downward trend for Scots insolvency continues
(DBN)

____________

EU:

Auditors Say EU Executive Was Unprepared for Financial Crisis
(DBN)

____________

PIIGS:

Italy Scrambles to Resuscitate Banks Italian Banks: The World Hasn't Really Changed
(DBN)

EU seals bad loans accord with Italy
(DBN)

How The IMF Could Blow Up Greece's Debt Agreement
(DBN)

____________

Canada:

U.S. Steel's 'secret' deal can be made public
(DBN)

____________

Singapore:

Noble Group Faces Banking Stress Test
(DBN)

____________

Australia:

Worker payouts not my problem: Palmer
(DBN)

Creditors could claim Clive Palmer's other assets
(DBN)

____________

China:

China stocks recover from sharp drop, but close lower
(DBN)

A China bank contagion could blow up global markets
(DBN)

A top Chinese official was arrested just hours after talking about the biggest threat to its economy
(DBN)

China Cinda Said to Study Joining Yingli's Debt Restructuring
(DBN)

____________

Austria:

Hypo Group Alpe Adria AG’s Bondholders Resist Cramdown
(DBN)

____________

Japan:

Abe Cutting Off Zombies Spells Opportunity for Topaz, Keystone
(DBN)

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