July 5, 2016

The Daily Bankruptcy News

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Law:

The Final Countdown: Which Firms Have Raised Salaries? A Whole Mess Of Raises Around The Country Profits Per Partner At ALL Law Firms That Have Not Raised Salaries For Associates Global Firm Irks Associates With Subpar Salary Announcement Remember That Raise We Told You About… We Have Some Bad News Troutman, Kilpatrick and Sutherland Raise Associate Pay The Exact Email You Want To Receive Before The Long Weekend $180,000 For First-Years, ??? For Everyone Else Associate Salary Tally: The Good, The Bad & The Ugly
(DBN)

Davis Polk Names New Bankruptcy Partner
(DBN)

Haynes and Boone merges with London-based law firm
(DBN)

7 Habits Of Highly Effective Bankruptcy Attorneys
(DBN)

The Charge Of The Lawyer Brigade
(DBN)

Former Dewey Chairman Ordered to Pay Bank $400K
(DBN)

Can Shearman & Sterling recapture its glory days?
(DBN)

Associate Salary Stratification More Likely in 'Buyer's Market'
(DBN)

Legalese: Won’t Do With It, Can’t Do Without It
(DBN)

When Litigation Funding Spawns Even More Litigation
(DBN)

Amidst 26% Enrollment Decline, West Virginia Law School Accelerates Faculty And Staff Downsizing With Buyouts
(DBN)

Highly Ranked Law Schools Like Minnesota, Washington & Lee Cut Enrollments, Costs To Survive
(DBN)

Update On Murder-For-Hire Investigation Into Dan Markel's Death: Charlie Adelson Denies 'Any Involvement'
(DBN)

Fame, but no fortune, for legal legend F. Lee Bailey
(DBN)

How to Solve Big Law's Client Credit Gender Gap
(DBN)

Fewer lawyers--and jobs--for the Class of '15
(DBN)

3 physical cues that signal someone is lying to you
(DBN)

Living completely in your analytical, critical head isn’t always great for your career
(DBN)

Research: Coffee affects men and women in vastly different ways
(DBN)

10 things you do that make you less likable
(DBN)

Big Law Partner on Balancing Motherhood and Work
(DBN)

4 things you didn't know your iPhone could do 16 Easter-egg questions you can ask Siri to get a hilarious response
(DBN)

Father of toddler killed at Disney resort says two alligators were involved
(DBN)

A former lawyer who's been running a business remotely for 8 years shares her favorite tools for working on the road
(DBN)

Court: Teenager Must Face Manslaughter Trial for Texts Urging Boyfriend to Kill Himself
(DBN)

Cinemark Wants Losing Aurora Massacre Plaintiffs to Pay Legal Costs
(DBN)

Bankruptcy Attorney Who Stole $950,000 From Law Firm Disbarred On Consent
(DBN)

Fireworks In Legal History
(DBN)

Judge: Mississippi’s “religious freedom” anti-LGBTQ law violates religious freedom
(DBN)

Judge bars Macy’s from detaining and fining alleged shoplifters
(DBN)

13 Year Olds Can't Marry Anymore in Virginia
(DBN)

Father accidentally kills teenage son at Florida gun range, authorities say
(DBN)

Lawyer in Led Zeppelin-Spirit trial suspended for 'serious misconduct' in earlier case
(DBN)

A federal judge says the FBI doesn’t need a warrant to hack into your computer
(DBN)

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Judges:

Posner Apologizes for Saying the Constitution Is Useless
(DBN)

Attorney Is Disbarred For Forging Bankruptcy Judge's Signature
(DBN)

The conservative era of the Supreme Court is over
(DBN)

The Supreme Court Really Matters in This Election
(DBN)

______________

Wall Street:

Dow futures slump 100 points as Brexit reality ‘sets in’
(DBN)

European stocks fall as oil prices drop, Brexit worries resurface
(DBN)

Stocks close higher on first day of 3rd qtr., nearly wipe out Brexit losses
(DBN)

Goldman Sachs tells asset managers to tighten belts
(DBN)

______________

Layoffs:

Coal company warns of mass layoffs Murray Energy Warns of Huge Layoffs
(DBN)

Arena Pharma to lay off 73% of workforce
(DBN)

Micron to cut about 2,400 positions
(DBN)

How Office Robots May Put Your Job At Risk In Ways You Haven't Imagined
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Privacy:

Sports Authority's sale of customer data raises privacy concerns Sports Authority Bankruptcy Means Now Dick’s Sporting Goods Owns 114M Customer Records
(DBN)

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Banking:

Credit Suisse has tripled special bonus payouts because it's desperate to keep employees
(DBN)

____________

Hedge Funds:

An $8 billion hedge fund suddenly imploded — here's how it played out
(DBN)

___________

Gambling:

Hundreds of workers are walking off the job in protest at the Trump Taj Mahal casino Trump Taj Mahal Workers: Strike Fights Owner's 'Tyranny' Trump Taj Mahal Casino workers strike continues over holiday Day 3 of Taj Mahal casino strike: Still no talks scheduled Workers strike at Trump-named hotel ... that Trump lost in bankruptcy Strike at Taj Mahal casino raises questions about its future
(DBN)

Gamblers cross casino picket lines to union workers' jeers
(DBN)

Trump Taj Mahal casino on verge of bankruptcy
(DBN)

Diamondhead Wants Damages After Involuntary Ch. 7 Tossed
(DBN)

____________

Student Debt:

New Jersey’s Student Loan Program is ‘State-Sanctioned Loan-Sharking’ In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve
(DBN)

____________

Food/Beverage:

Southern Season bankruptcy causes ripples across state
(DBN)

A&P Seeks Bankruptcy Extension
(DBN)

Restaurant Performance Index declined in May
(DBN)

____________

Hollywood:

Relativity Could Miss $30 Million Payment
(DBN)

____________

Paper:

Maine paper mills look for a niche as they fight to stay open
(DBN)

____________

Distressed Investing:

High-Yield Selloff Could Get Worse
(DBN)

____________

Retailing:

Unsecured Creditors Blast Draw Another Circle Sale Plans
(DBN)

Sears Almost In Checkmate; It Must Pawn More Stores To Stay In The Game
(DBN)

Denver Broncos stadium naming rights fail to attract bidders
(DBN)

____________

Fraud:

Fairfield - The Final Chapter?
(DBN)

____________

Tax:

US Mining Swiss Bank Data to Find Tax Cheats
(DBN)

____________


Economy:

The 99% Got a Raise Last Year, But Not Enough to Dent Rising Inequality The income of the 1% is rising twice as fast as the 99%
(DBN)

This Map Shows Where the 1% Lives
(DBN)

The FRBNY Staff Nowcast stands at 2.1% for 2016:Q2 and 2.2% for 2016:Q3.
(DBN)

Divided America: Town and country offer differing realities
(DBN)

Soaring Child-Care Costs Squeeze Families
(DBN)

The big banks are acting like the Fed just cut rates
(DBN)

The Surprising Trust About US Manufacturing
(DBN)

Global investment banks had their slowest half since 2012
(DBN)

The world's economic 'canary in the coal mine' faces a growing threat
(DBN)

Here's who is going to get crushed by the coming 'tsunami' in the debt market
(DBN)

Which Professional Sports Leagues Make the Most Money?
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

A glut of empty homes is making the 'new housing crisis' even worse
(DBN)

"6-Day Winning Streak Leaves Mortgage Rates Near All-Time Lows"
(DBN)

Construction Spending decreased 0.8% in May
(DBN)

What to know before moving to New York City
(DBN)

San Diego: Real estate bubble still popping
(DBN)

New York’s luxury dorms — where 30-something professionals live like college students
(DBN)

Banks Keep Making More Jumbo Mortgage Loans
(DBN)

____________

Municipalities:

When Will Puerto Rico Default? Government Refuses To Pay Debt Payments
(DBN)

Puerto Rico's Problems Go Way Beyond Its Debt
(DBN)

Puerto Rico's dilemma
(DBN)

An island that feels like a sinking ship
(DBN)

Puerto Rico And The Importance Of Legislative History
(DBN)

Puerto Rico Defaults on Guaranteed Debt
(DBN)

Puerto Rico Says $911 Million in Payments Missed in Default Composition of Puerto Rico's Debt Due
(DBN)

Bond Insurers Prepare for the Worst in Puerto Rico
(DBN)

Congress Passes Puerto Rico Relief Bill Before Scheduled $2 Billion Payment
(DBN)

Bondholders File Motion to Continue Constitutional Challenge to Moratorium Act Following Enactment of PROMESA
(DBN)

Cleveland hard hit by factory closings since 1960
(DBN)

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Oil/Gas:

How To Keep A Bankruptcy From Becoming Worse
(DBN)

Sabine Lives On (and On): Bankruptcy Court Rejects Immediate Appeal to Second Circuit and Motion for Stay
(DBN)

Tues.: Oil prices fall more than 2% as Nigerian output underlines supply worries Oil is diving after Barclays and JPMorgan turned bearish
(DBN)

Oil rig count rises by the most in 6 months Drillers dispatch another 11 oil rigs, Baker Hughes says
(DBN)

US: Largest Drop in Oil Production in Years
(DBN)

Mon.: Oil Rises on Positive Sentiment Crude prices gain as Saudi Arabia sees market becoming more balanced
(DBN)

C&J hopes to restructure, avoid bankruptcy under another CEO
(DBN)

Creditor Blasts Intervention's 'Illusion Of Cooperation'
(DBN)

Texan Oil Production May Not Be Falling As Fast As Analysts Believe
(DBN)

Big Oil Could Spark A Renaissance In U.S. Shale
(DBN)

US Holds More Oil Reserves Than Saudi Arabia, Venezuela, New Study Shows
(DBN)

Triangle Petroleum shares crater on subsidiary bankruptcy filing Moody's downgrades Triangle USA Petroleum's PDR to D-PD on bankruptcy filing
(DBN)

Pratt Well Service will file for bankruptcy
(DBN)

U.S. Oil Industry May Soon Face Rig And Worker Shortages
(DBN)

Raking it in: Oil , Gas Companies to Tap Stock Markets
(DBN)

Oil and gas auction site is garnering national attention
(DBN)

____________

Politics:

Trump pulled ahead of Hillary Clinton in a national poll for the first time in more than a month Donald Trump’s Complex Business Ties Could Set a New Precedent Why Donald Trump, as President, Wouldn’t Face Conflict-of-Interest Laws Trump: America's New Opioid Krugman: Trump, Trade and Workers Donald Trump Decries ‘Rigged System’ in Visit to Swing State Colorado Trump’s Would Be No Ordinary Defeat This isn't like 'Shark Tank': Mark Cuban marvels over Donald Trump's 'stupider' handling of campaign Obama: Here's what Brexit and Donald Trump have in common Donald Trump’s Potential Running Mates: Pros and Cons Donald Trump's list of potential running mates is dwindling — here are the 10 people who might still be considered Donald Trump to Meet With Senator Joni Ernst, a Possible Running Mate 2 completely different versions of Donald Trump have been showing up on the campaign trail Will unconventional GOP convention work for Trump? With few political allies, Donald Trump plans celebrity convention The Donald Threatens To Sue Over His Hair
(DBN)

FBI interviews Hillary Clinton for more than 3 hours as email probe reaches final stages Chuck Todd grills Hillary Clinton over her meeting with the FBI Hillary Clinton’s Allies Don’t See Legal Fallout from FBI’s Email Probe Hillary Clinton is crushing Donald Trump in 7 of the most important swing states Hillary Clinton Raises Nearly $70 Million in June for Campaign, DNC, State Parties Hillary Clinton Heads To Atlantic City To Cash In On Donald Trump's Failures Julian Castro Being Vetted by Clinton for VP
(DBN)

Why Brexit Persuaded Me to Vote for Hillary Clinton
(DBN)

Our Fact-Challenged Political Landscape
(DBN)

____________

Coal:

US coal company to lay off 80 percent of its workers, blames Obama
(DBN)

Alpha deal will fund mine cleanup projects
(DBN)

____________

Shipping:

Chairman of Bankrupt Bunker Player JetOil Found Dead
(DBN)

2016 Dry Bulk Shipping Outlook
(DBN)

Maersk May Take Over Hyundai Merchant Marine
(DBN)

____________

Autos:

Volkswagen says paying the same level of compensation in the EU as the US could bankrupt the company
(DBN)

____________

Celebs:

Christian Laettner's creditors want him to file bankruptcy Creditors Try to Force Former Basketball Star Christian Laettner Into Bankruptcy
(DBN)

____________

Pharma:

KaloBios Emerges from Bankruptcy, Buys Tropical Disease Drug
(DBN)

____________

Biotech:

BIND Therapeutics Files Motion for Sale of Assets After Accepting Stalking Horse Bid from Pfizer Inc. BIND Therapeutics +101% as it accepts Pfizer's stalking-horse bid
(DBN)

____________

Radio:

iHeartMedia Can't Get Debt Restructured
(DBN)

____________

Defaults:

US Leveraged Loan Default Rate Increases to 1.97% in Second Quarter
(DBN)

____________

Religion:

Diocese of Duluth sues insurers, seeking coverage of abuse claims
(DBN)

___________

 


New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 filings on rise in Houston
(DBN)

______________

Avoidance Actions:

Seventh Circuit Clarifies What It Takes to Make a Preference Payment “Ordinary”
(DBN)

____________

Automatic Stay:

No Attorneys' Fees for Litigation Over Bankruptcy Stay
(DBN)

____________

Litigation:

Default Judgment Is Not Automatic Following Entry Of Default
(DBN)

____________

Bankruptcy Remoteness:

Lenders Cannot Prevent Borrowers From Filing Bankruptcy By Owning Minority Equity With Veto Power Over Borrower’s Decision To File Bankruptcy
(DBN)

____________

Plan Confirmation:

Rule Protecting Creditors Applies in Individual Ch. 11 Cases
(DBN)

____________

Chapter 13:

Ch. 13 Trustee Can Amend Plan After Five Years of Payments
(DBN)

____________

Settlements:

U.S. Supreme Court Will Weigh-In on Bankruptcy Settlement Issue: A Choice Between Rigidity and Flexibility
(DBN)

____________

Consultants:

Deloitte Names New Corporate Restructuring Group Leaders
(DBN)

____________

Sovereigns:

Venezuela Refuses to Default. Few People Seem to Understand Why.
(DBN)

____________

UK:

Scotland facing chronic shortage of insolvency experts
(DBN)

Insolvency profession facing “seismic shift” as vital skills come under threat
(DBN)

UK bankruptcy and pension payments
(DBN)

Insolvency litigation briefing - June 2016
(DBN)

Creditors face fee rises when petitioning for individuals' bankruptcies
(DBN)

London Law Firm Says Brexit Can't Happen Without Parliament Vote The three steps that mean Brexit may never happen Brexit: Keep Calm and Carry On Bank of England cuts banks' capital requirements as Brexit risks 'crystallize' Pessimism among UK businesses almost doubles Brexit Might Have Cost Banks $165 Billion Moody's Lowers Outlook for 12 UK Banks Ouch: Open-ended UK Property Fund suspends trading U.K. Pension Fund Deficit Likely to Hit Record as Brexit Turmoil Squashes Bond Yields Poll: Brits want a general election before Brexit negotiations begin We just got the most concrete sign yet that Brexit is going to ruin Britain's construction industry Companies are lining up lawyers to challenge Brexit — but not to block it Tony Blair hints that a second EU referendum may be one of best options for the UK right now A huge German firm just revealed how badly Brexit delays will hurt the country One of the frontrunners to become Britain's next Prime Minister says she'll quickly trigger a Brexit Here's every key Brexit date you need to know until the end of the year This chart shows every possible outcome of a Brexit Ouch! How Brexit may hit UK millionaires and billionaires Credit Suisse CEO blames Brexit on low UK education spending
(DBN)

$800 million of bankers' bonuses has been wiped since the EU referendum London Banker Bonuses Set to Shrivel as Brexit Hits Dealmaking
(DBN)

The Bank of England's doom-laden predictions are beginning to come true The pound is getting smoked after the Bank of England's stark warning
(DBN)

Barclays is already warning investors to take cover for the coming recession
(DBN)

George Osborne promises to cut corporate tax to under 15%
(DBN)

Three former Barclays traders found guilty in Libor rigging trial After 10 years and billions in fines, the UK has convicted precisely five people for rigging interest rates
(DBN)

____________

EU:

S&P slices euro zone and UK growth forecasts after Brexit
(DBN)

Brexit: A Lehman Moment for EU Banks
(DBN)

Britain is leading the eurozone into an impending crash
(DBN)

____________

PIIGS:

Cabinet to consider plan to help those in mortgage distress
(DBN)

Death of Greek entrepreneur shakes business community
(DBN)

Italy could be on a collision course for two key reasons Bad-debt warning triggers fresh fears for Italian banks Italy Faces Fight to Shield Bank Investors in Rescue, Fitch Says Italy’s banking woes put it on a possible collision course with Brussels The EU's Inflexible Bank Rules Risk an Italian Brexit Bad Debt Piled in Italian Banks Looms as Next Crisis
(DBN)

U.S. Economist Galbraith Explains Varoufakis’ Plan B for Greece
(DBN)

____________

Canada:

Bankruptcy levels soar but 'numbers are not massive'
(DBN)

____________

China:

Something very worrying seems to be happening in China's jobs market
(DBN)

Weak China Data Point to Slowing Growth
(DBN)

China Bank Bailout Seen in 2 Years
(DBN)

____________

Ukraine:

Deadbeat lawmaker enrages creditors with $800 million in unpaid loans
(DBN)

Delta Bank customers lose hope as big players walk away with millions from one of biggest bank failures
(DBN)

____________

India:

Corporate Affairs Ministry to handle Insolvency Board
(DBN)

____________

Brazil:

Mired in Bankruptcy Court, Oi Earmarks Raise for Executives
(DBN)

Brazil’s Gol still looking for solution for debt issues Gol Bond Exchange Gets 22% Acceptance, Banks Waive Covenant
(DBN)

Billionaire Diniz Foresees Big-Ticket Deals With Brazil on Sale
(DBN)

____________

Japan:

Huge Japan pension fund sees worst loss since financial crisis
(DBN)

____________

Venezuela:

Venezuela’s PDVSA Revenue Plunges Amid Commodity Price Collapse
(DBN)

____________

MENA:

Israeli Banks Remain Hopeful That Convicted Tycoon Will Repay Debt
(DBN)

____________

Norway:

Norway’s Junk Bond Market Faces Second Wave of Restructuring
(DBN)

____________

Thailand:

New Bankruptcy Court-Supervised Business Rehabilitation Scheme for SMEs Introduced
(DBN)

____________

South Korea:

Restructuring of ailing sectors will take toll on SMEs
(DBN)

Hanjin Shipping starts talks with creditors over debt maturity extension
(DBN)

____________

Australia:

Firms go from boom to bust
(DBN)

____________


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