July 25, 2016

The Daily Bankruptcy News

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Law:

Firm Tells Associates That It’s Not Ready To Tell Associates About The Raises It Might Not Give Them Firm Offers Raises Retroactive To July 1
(DBN)

Wherein An Associate Curses Out A Partner Over Pokémon
(DBN)

Time for a Change? Lessons for Avoiding Lateral Mistakes
(DBN)

Law Firm HR: How To Give Constructive Feedback
(DBN)

California Bar Administers The Wrong Question To Test-Takers
(DBN)

Open the Legal Marketplace
(DBN)

Suit Revived for Bankruptcy Lawyer, 66, Who Refused to Wear a Speedo
(DBN)

Big Law Docket Scanner: No Forts at Covington, Suit Alleges
(DBN)

Law Firms a “Weak Spot” in Money Laundering Detection Malaysian Fund Pilfering Claim Shines Light on Law Firm’s Role
(DBN)

The Law Schools With The Least-Indebted Graduates (2016)
(DBN)

Could Your Social Media Posts Prevent You From Becoming A Lawyer?
(DBN)

What Happens To Incoming Biglaw Associates Who Fail The Bar Exam?
(DBN)

Help The Client Achieve A Worthy Goal From Hiring You, Or Don’t Take The Assignment
(DBN)

Christine Lagarde to Stand Trial for Alleged Negligence in French Legal Dispute Why Is Christine Lagarde Standing Trial?
(DBN)

Ex-BigLaw partner avoids long sentence for insider trading; judge notes otherwise ‘exemplary life’
(DBN)

Police Tase Pokemon GO Player After Park Closed
(DBN)

Miami Police: I Was Aiming at Autistic Kid, Not Black Man Miami Police Story Is Probably False, Terrifying If True
(DBN)

Stats Of The Week: We Are Not All About To Get Murdered, Actually
(DBN)

Why Poor, Low-Level Offenders Often Plead to Worse Crimes
(DBN)

Judge orders Trump to pay nearly $300,000 in attorney’s fees in Doral painter’s lawsuit
(DBN)

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Judges:

The Most Influential Bankruptcy Judges In History
(DBN)

Florida judge is accused of making derogatory comments, overrelying on staffers
(DBN)

Presidential Election Will Shape Supreme Court, and National Policies, for Years to Come
(DBN)

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Wall Street:

U.S. stock futures waver as investors gear up for ‘pivotal’ week
(DBN)

Stocks Close Higher For Fourth Week Of Gains As Telecoms Rally
(DBN)

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Layoffs:

Deere & Co. lays off 120 Harvester workers
(DBN)

ConocoPhillips to Trim 6% of its Workforce
(DBN)

Coal company donated $100,000 to Trump PAC, announced 4,400 layoffs the next day
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Steel:

Subsidized bankrupt steel plant for the textbooks
(DBN)

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Retailing:

Anxious creditors want Sports Authority bankruptcy handed over to trustee Unsecured creditors seek quick end to Sports Authority bankruptcy Vendors, landlords say retailer will never get a grip on mounting administrative claims Trump Can't Persuade Republicans to Like Him Cuban: Trump lacks analytical skills for presidency This could be what really scares the market about Trump
(DBN)

Broncos are having a surprising problem for a Super Bowl champion
(DBN)

Aeropostale accuses Sycamore Partners of 'loan to own' scheme
(DBN)

Judge to hear Hastings liquidation objections
(DBN)

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Politics:

Judge inclined to deny Trump's request to dismiss lawsuit After Clinching Nomination, Donald Trump Campaigns Like It’s Still the Primaries Where Trump Went Off-Script Trump’s Sunday School The one key word that Trump left out of his speech Trump's emotional and dark message: How it will play out Trump's tax numbers just don't add up Trump Family Would Get $7 Billion Windfall From Estate Tax Plan Nixon’s RNC speech in 1968 was scary. Trump’s was way scarier. Trump and Pence: On the Same Ticket, but Not on the Same Page 50 leading CEOs and politicians were asked if Donald Trump had at least a 50% chance of winning the election — just 5 people raised their hand Trump Fact Check: On gift taking, "Bob McDonnell took a fraction of what (Tim) Kaine took."
(DBN)

Leaked DNC Emails: Shades of Nixon and Don Segretti Hillary Clinton Attacks Trump's 'I Alone Can Fix It' Message Is Hillary Clinton Vice-Presidential Pick Too 'Responsible' for Her Own Good? Kaine Pick Won’t Help Clinton Court Anti-Wall Street Critics The Tim Kaine gift controversy, explained 5 things to know about Tim Kaine Sanders: I would've preferred Warren Democrats want a united convention, but Bernie Sanders supporters could still change that DNC chair will no longer speak at her party's convention after damaging email revelations DNC Communications Director Ordered Anti-Sanders Article Be Shared 'Without Attribution' Emails Show Democratic National Committee Officials Actively Undermined Sanders And Sought To Guarantee Clinton’s Nomination Clinton Fact Check: Says unlike Tim Kaine, Pence "slashed education funding." Clinton Fact Check: "I am the only candidate who ran in either primary who said, ‘I will not raise taxes on the middle class.’"
(DBN)

Debbie Wasserman Schultz Resigns As Democratic Party Chair As convention opens, Democrats face disarray on many fronts
(DBN)

Unemployment is Low in Key Swing States
(DBN)

Rudy Giuliani: At Convention, Cruz ‘Hung Himself’ With Trump’s Rope
(DBN)

Peter Thiel gave a remarkably critical speech of the Republican Party right in front of its face
(DBN)

Democratic Party Platform Includes Call for Fed Changes
(DBN)

Why Democrats and Republicans Literally Speak Different Languages
(DBN)

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Personal Finance:

How Boomer Parents Can Stop Babying Their Millennials Financially
(DBN)

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Food/Beverage:

Judge will rule whether Southern Season can borrow $6 million during bankruptcy
(DBN)

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Distressed Investing:

Distressed Debt Funds' Investments Increase
(DBN)

Junk-Bond Rally Hides Some Cracks
(DBN)

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Bankruptcy Crimes:

Woman pleads guilty after tricking bankruptcy lawyer
(DBN)

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Ethanol:

Ethanol Survivors Bid on Failed Rival to Expand as Demand Grows
(DBN)

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Gambling:

China's Giant Said to Lead Group Bidding for Caesars Online Unit
(DBN)

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Economy:

GDP, other vital signs show U.S. economy stable, even if Fed not convinced
(DBN)

What the Fed Will and Won't Do this Week
(DBN)

Beware the $10 Trillion Glut of Treasuries as Big Deficits Loom
(DBN)

Adjusted for inflation, the federal minimum wage is worth less than 50 years ago
(DBN)

How the pieces are falling into place for another global financial crisis
(DBN)

What to expect in the Fed statement this week
(DBN)

Law firms are ‘implicated’ in rise of inequality, says ‘Saving Capitalism’ author Robert Reich
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Former Subprime Lender NovaStar Files for Bankruptcy
(DBN)

FL: Luxury condos placed in bankruptcy after $6.9M foreclosure lawsuit
(DBN)

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Municipalities:

Misery Breeds Renewed Struggle in Puerto Rico
(DBN)

The Puerto Rico problem is on its way to getting bigger
(DBN)

Puerto Rico Sued For Diverting Cash After Federal Law Passed
(DBN)

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Oil/Gas:

Heavy debt loads could slow energy's recovery
(DBN)

Is This The Next Big Headache For Oil Prices?
(DBN)

Oil prices dip on ongoing oversupply, economic headwinds
(DBN)

How Much Oil Is in Storage Globally? Take a Guess
(DBN)

Rig Count Up Again
(DBN)

Southwestern’s Gas Drilling Revival Said Bad Sign for U.S. Bulls
(DBN)

Oil prices slump amid bloated inventories reviving fears of a new crash Oil settles down 1.25% as glut fear persists
(DBN)

Gloss Comes Off Dubai as Oil Woes Spill Into Expat Promised Land
(DBN)

Goldman's Hopeful Oil Call
(DBN)

Energy giant profits 'five times too high'
(DBN)

Energy companies continue to cut jobs nationwide, locally
(DBN)

Schlumberger begins switch to offense after calling the ‘bottom’ of the bust
(DBN)

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Education:

Caught in the Cross-Fire: Student Loan Lenders and Servicers’ Risks in the Bankruptcy Fight over College Tuition Clawbacks
(DBN)

Historic Black Colleges On The Verge Of Bankruptcy
(DBN)

Number of Colleges Undergoing Greater Financial Oversight Drops
(DBN)

Trump Says Hype Not Racketeering in Bid to Toss Ex-Student Suit
(DBN)

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Autos:

Napa auto dealer bankruptcy leaves buyers in the lurch
(DBN)

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Derivatives:

The Netting Fairy
(DBN)

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Healthcare:

Auction set in hospital bankruptcy
(DBN)

Justice Department charges three in $1 billion Medicare fraud scheme in South Florida
(DBN)

Go Ye committee requests adjustments to Baptist Village consulting agreement
(DBN)

Bankruptcy Courts Lack Subject Matter Jurisdiction Over Medicare Issues, Eleventh Circuit Rules
(DBN)

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Student Debt:

New proposal offers debt forgiveness after a stint in public service
(DBN)

Who are the people having the hardest time repaying student loans?
(DBN)

Obama administration has forgiven $171 million owed by former Corinthian students
(DBN)

Senate Bill Would Exempt Student Loans Discharged For Any Reason From Being Taxed As Income
(DBN)

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Autos:

Facing $17 billion loss, color-coding helped Alan Mulally turn around Ford
(DBN)

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Consumer Finance:

Payday Loan Limits May Cut Abuse but Leave Some Borrowers Looking
(DBN)

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Coal:

Peabody Bankruptcy Judge OKs Self-Bonding Challenges
(DBN)

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Lehman:

Pointing a Finger at the Fed in the Lehman Disaster Researcher: Fed Could Have Saved Lehman Brothers From Bankruptcy
(DBN)

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Fraud:

JPMorgan Accused in Suit of Failing to Protect Peregrine Funds
(DBN)

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Alternative Energy:

Appaloosa, Brookfield consider joint bid for SunEdison's interest in yieldco
(DBN)

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Celebs:

Real Housewives of New Jersey: Can A Leopard Change Her Spots?
(DBN)

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Defaults:

Stocks That Ignore Defaults Are Cruising for a Bruising
(DBN)

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Metals:

Bankrupt US zinc recycler Horsehead lost another $10.1 million in June
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Bankruptcy Statistics:

Texas Bankruptcy Courts Boom With Commodities Bust
(DBN)

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Mootness:

Equitable Mootness in the Eleventh Circuit – Due Diligence Required
(DBN)

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Mediation:

Mediation:“Open-Mindedness” v. “Militant Open-Mindedness”
(DBN)

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Plan Confirmation:

The Absolute Priority 'Rule' (APR) in Bankruptcy : Has It Now Been Enabled by the Courts to Allow Creditors to Liquidate Productively Viable U.S. Corporations?
(DBN)

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Corporate Reform:

A Clue to the Scarcity of Financial Crisis Prosecutions
(DBN)

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Insurance:

Transparency Alliance Presents Safer, More Cost-Effective Reorg Plan to Life Partners Holdings' Creditors
(DBN)

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Safe Harbors:

Delaware Bankruptcy Court Declines to Follow Second Circuit and Holds Safe Harbors Do Not Apply to Some State Law Fraudulent Conveyance Claims
(DBN)

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Discharge:

Husky v. Ritz – the Supreme Court Really Needs Some Bankruptcy Basics
(DBN)

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UK:

Bankrupt fraudster jailed for disguising his £1.2 million luxury mansion as a barn and filling it with antiques and cannabis
(DBN)

How to manage your law firm post-Brexit
(DBN)

Thousands Of Jobs To Go As BHS Name Vanishes All BHS stores to shut down by 20 August
(DBN)

Sir Philip Green Accused Of Doing What Is The Point Of Being In Business Sir Philip Green threatens to sue former BHS owner over the alleged misuse of £12m of the store’s funds Sir Philip Green left BHS on 'life support', MPs find Greedy Green savaged as 'unacceptable face of capitalism' 'One Person Alone Is Responsible'
(DBN)

BHS verdict to shine a light on demise of high street stalwart The report on the collapse of BHS is out and it is damning
(DBN)

Goldman blamed for role in doomed deal leading to BHS failure
(DBN)

Britain's economy wilting fast after Brexit vote, may prompt more spending ‘Dramatic downturn’ Brexit dragging on eurozone growth, ECB survey finds
(DBN)

Theresa May’s Vision of a Radical British Conservatism
(DBN)

Accountants prepare for fresh push into legal services
(DBN)

Late Russian oligarch Berezovsky's estate 'hopelessly insolvent'
(DBN)

G20: Brexit Means Higher Economic Risks The Beginners’ Guide to Brexit: What Have We Learned So Far?
(DBN)

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EU:

The Failure of Europe's Stress Tests
(DBN)

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PIIGS:

Visco Says Italian Bad Loans No Systemic Risk as Amount Overdone
(DBN)

Paschi Drops Amid Capital Concerns Before Stress Test Results How Monte Paschi Could Raise Funds as Bank Stress Tests Loom
(DBN)

Italy: Reform of insolvency procedures: pre-bankruptcy composition agreement
(DBN)

Portuguese banks face potential big losses
(DBN)

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Canada:

Second-quarter earnings low for energy companies after Fort Mac fire
(DBN)

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India:

Government seeks applications for Bankruptcy Board chief
(DBN)

Panel suggests ways to harmonize Sarfaesi Act with Bankruptcy code
(DBN)

A reform for next 25 years: Activate bankruptcy courts
(DBN)

Bankruptcy Code – a much-needed boost for corporate bond market?
(DBN)

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Venezuela:

Venezuela Nightmare: A 30-Day Hunt for Food in a Starving Land
(DBN)

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Brazil:

Brazil’s Banks Ramp Up Bid to Halt Torrent of Bankruptcy Filings
(DBN)

Fallen Billionaire Batista Lands Olympic Seat After Funding Bid
(DBN)

Brazil court picks PricewaterhouseCoopers as Oi bankruptcy administrator
(DBN)

Brazil's Oi shareholders reiterate support for in-court reorganization
(DBN)

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Australia:

Corporate Insolvencies Remain At Elevated Levels, Mining Economies The Hardest Hit.
(DBN)

Melbourne's most notorious b------ in receivership
(DBN)

Dick Smith creditors vote to wind up retailer Deloitte under microscope as Dick Smith goes into liquidation
(DBN)

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MENA:

Saudi's Algosaibi signs deal with steering group on drawn-out restructuring
(DBN)

Saudi Arabian Conglomerate Agrees to $6 Billion Debt Plan With Creditors
(DBN)

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Asia:

Asian Defaults Are Just Getting Started
(DBN)

China Bank to Turn $1.6 Billion of Bad Debt Into Securities
(DBN)

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South Korea:

Korean Air arrives with Hanjin Shipping rescue package
(DBN)

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