March 1, 2016

The Daily Bankruptcy News

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Law:

Hogan Lovells shuns 'lift-and-shift' with new Kentucky back office
(DBN)

The lawyers who are fighting for the same rights as janitors
(DBN)

Millennial Contract Attorneys Are Treated Like ‘Uncouth Parasites’
(DBN)

Contract Lawyer Compensation Plummets
(DBN)

Here Come the Big Law Millennials
(DBN)

Four Generations, Explained
(DBN)

Millennials Dish On What Their Firms Are Doing Right - and Wrong
(DBN)

Millennial Hype
(DBN)

How Old Is Your Firm?
(DBN)

GC to His Attorneys: If You Can’t Stand the Heat, Get Out
(DBN)

Attorney Douglas Yatter, who helped take down MF Global, now a white-collar defense attorney
(DBN)

Coming and Going Concerns
(DBN)

Kirkland exodus continues as Hagan heads for Freshfields
(DBN)

Bankruptcy Lawyer: 3 Ways Lawyers Can Become More Resilient
(DBN)

A Manhattan law firm's newest hire shows just how big cybersecurity is becoming
(DBN)

Slater & Gordon remains tight-lipped over trainee lawyers’ futures in wake of £500m losses
(DBN)

One weird reason why doctors buy bigger homes than lawyers
(DBN)

How A Decade Of Debt Changed The Law Student Experience
(DBN)

Even If You’re Not Selling To In-House Counsel, You Should Still Be Selling To In-House Counsel
(DBN)

UK: Publicly-listed Slater and Gordon could be on the brink after reporting huge losses in the second half of 2015
(DBN)

Law School Offers Buyouts To Tenured Faculty Thanks To Sharp Decline In Enrollment
(DBN)

7 Small Ways You're Losing Respect In The Office
(DBN)

Ten Things Never To Do On LinkedIn
(DBN)

3 ways your commute to work may be slowly killing you
(DBN)

3 everyday words that can make you sound rude in emails
(DBN)

At least 3 students wounded in shooting at Ohio high school
(DBN)

Judge denies house arrest request from suspended lawyer convicted of bicyclist’s death
(DBN)

New York Judge Rules US Can't Force Apple to Help Unlock an iPhone
(DBN)

Virginia middle schooler is criminally charged for making threats with emoji
(DBN)

The Academy Awards Love To Reward Legal Stories
(DBN)

______________

Judges:

Clarence Thomas Just Asked His First Question in a Decade on the Supreme Court Breaking his 10-year silence, Justice Thomas asks multiple questions in SCOTUS arguments on gun law Clarence Thomas Asked A Question!
(DBN)

How many shoes can a Supreme Court nominee fill? It's time for a wartime veteran on the Supreme Court GOP groups prepare to unload on Obama SCOTUS pick Court fight seen by African-Americans as affront to Obama A modest proposal to save the Supreme Court
(DBN)

Sometimes a Judge Has to Step Aside
(DBN)

The biggest cases, without Scalia
(DBN)

The remaining Supreme Court justices are dealing with Antonin Scalia's death in surprising and dramatic ways
(DBN)

Obama adviser Deese to lead White House's Supreme Court process
(DBN)

Tribute: The incomparable Antonin Scalia
(DBN)

Does SCOTUS have a plan to avoid 4-4 rulings?
(DBN)

Shorthanded U.S. High Court Grapples With Life After Scalia
(DBN)

Federal judge related to House speaker is said to be under consideration for SCOTUS nomination
(DBN)

Donald Trump Slams Federal Judge In That Racist Way Only Trump Can
(DBN)

Only Donald Trump Can Save Obama's Supreme Court Nominee
(DBN)

______________

Wall Street:

Futures up
(DBN)

US stocks fall on profit-taking
(DBN)

Hedge Fund Manager: There are lots of Gordon Gekkos on Wall Street, and that needs to change
(DBN)

A top-performing hedge fund manager used a quote from the Wall Street movie 'Margin Call' to explain why it is so scary out there
(DBN)

______________

Layoffs:

Sysco to layoff 1,200 workers
(DBN)

120 out of work after TransCare files for bankruptcy, closes
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

The myth and the reality of Donald Trump’s business empire Bankrupt Trump Remember Trump Mortgage? Inside the GOP frontrunner's failed mortgage venture
(DBN)

A provocative theory for why Donald Trump keeps flip-flopping on the KKK Romney: Donald Trump's KKK comments are 'disqualifying and disgusting' Joe Scarborough on Trump's KKK comments: 'So is this how the party of Abraham Lincoln dies?' Trump denounces the support of former KKK leader — blames a 'very bad earpiece' for not doing so sooner
(DBN)

Checkered past of now-defunct Trump University comes back to haunt
(DBN)

Rubio Suggests Trump Has Small G------
(DBN)

The Only Goldman Sachs Employee to Contribute to the Trump Campaign Has Been Placed on Leave
(DBN)

Black students removed from Trump rally
(DBN)

____________

Coal:

Bankruptcy court approves Arch Coal financing over objections
(DBN)

Peabody Energy Says It Has Held Talks With First Lien Lender
(DBN)

When Coal Companies Fail, Who Pays For The Cleanup?
(DBN)

____________

Gambling:

Caesars Can Avoid Trial for Now
(DBN)

____________

Healthcare:

RI: Memorial Hospital plans to cut jobs, close ICU and birthing center
(DBN)

____________

Asset Protection:

Repatriation Order for Offshore Assets Denied in Lewis
(DBN)

____________

Retailing:

Sears CEO All Talk, No Action Moody's revises Sears' rating outlook to negative
(DBN)

Sports Authority Said to Discuss Selling Stores to Rival Dick's
(DBN)

JCPenney is back from the dead JC Penney CEO: This is our comeback strategy
(DBN)

____________

Celebs:

50 Cent Breaks the Golden Rule of Social Media Posting
(DBN)

50 Cent has more than $64M in assets and $10 million in checking and stocks
(DBN)

Dallas tycoon Sam Wyly explains curious timing of his pro-immigrant book
(DBN)

‘Dance Moms’ Abby Lee Miller Gets Fraud Trial Pushed Back Again
(DBN)

____________


Economy:

U.S. Distressed-Debt Ratio Rises for Ninth Straight Month: Chart
(DBN)

Scaling a $9.5 Trillion Debt Wall
(DBN)

Next U.S. Recession May Not Be a Biggie But Could Be a Long One
(DBN)

Helicopter Money Might be Closer Than You Think
(DBN)

3 reasons Warren Buffett is optimistic about the US economy
(DBN)

Dallas Fed: "Texas Manufacturing Activity Contracts Again" in February
(DBN)

Chicago PMI declines to 47.6 Surprise contraction
(DBN)

U.S. PMI Data - Increasing Risks For A Slowdown
(DBN)

Fed’s Dudley seems wary of rate hikes
(DBN)

How a Less-Skilled American Workforce May Be Holding Back Growth
(DBN)

The U.S. Economy Keeps Beating Expectations
(DBN)

Billionaire Wealth Is Increasingly Dynamic, Rather Than Inherited, Especially In The United States
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

NAR: Pending Home Sales Index decreased 2.5% in January, up 1.4% year-over-year Pending Home Sales Fall 2.5% In January, Continuing Downward Sales Slide
(DBN)

Black Knight: House Price Index up 0.1% in December, Up 5.5% year-over-year
(DBN)

Why losing a home means losing everything
(DBN)

NY: Sutton Place Developer Files for Bankruptcy as Foreclosure Auction Looms Bankruptcy filing at 3 Sutton halts foreclosure sale — for now
(DBN)

NY: Developer of troubled supertower files for bankruptcy to hold onto his building
(DBN)

How a Pennsylvania Couple May Force HSBC to Release Secret Report
(DBN)

____________

Municipalities:

Former bankruptcy judge tapped to run Detroit public schools Snyder names former Detroit bankruptcy judge to lead Detroit schools Rhodes faces skepticism, defiance as he takes DPS reins
(DBN)

How a Debt Bailout for Puerto Rico Short-Circuits Options for Reform
(DBN)

Puerto Rico Governor Reiterates Warning of Debt Moratorium
(DBN)

How a team of researchers blew the whistle on Flint
(DBN)

____________

Oil/Gas:

Mon.: US oil ends up 3% on Saudi freeze comments
(DBN)

This is what drove the oil market’s wild February gyrations
(DBN)

At this rate, the US oil rig count will be zero by August
(DBN)

Oil up on Saudi support, China; poll shows less OPEC output
(DBN)

The U.S. Still Dominates World Oil Prices
(DBN)

US shale producers reposition for market-share battle
(DBN)

Moody’s cuts ratings at six offshore drilling companies
(DBN)

U.S. shale producers poised to raise output if oil hits $40 a barrel
(DBN)

Investors pump $7.7 billion into U.S. oil drillers in second Wall Street bailout
(DBN)

Bankruptcy And The Cancellation Of Debt
(DBN)

Carl Icahn's Investment Fund Plunged By 18% In 2015
(DBN)

Oil Patch Is Getting Drier — Big Number
(DBN)

Bond Markets Losing Faith Even In Large Oil Companies
(DBN)

The Oil Market Is Beginning To Crack
(DBN)

Energy Companies Cut Dividends
(DBN)

Ultra Petroleum flags going concern risk, warns of bankruptcy
(DBN)

BlueCrest Denies It Would Profit From Norske Skog Default
(DBN)

Former BPZ Resources execs launch new Houston venture after bankruptcy
(DBN)

W&T Offshore cut to CCC- after energy co. draws down credit line
(DBN)

Husky Energy Inc. Is Preparing for $30 Oil
(DBN)

Will Baytex Energy Ever Recover From The Rout In Oil?
(DBN)

China's Petrobras Loan Keeps Oil's Cash Spigot Open
(DBN)

Petronas May Cut 1,000 Jobs as Oil Slump Prompts Reorganization
(DBN)

Pemex Halts Deepwater Projects With Budget Cuts to Stem Losses
(DBN)

____________

Awards:

John Marshall Law School Bankruptcy Professor Jason Kilborn Invited to Join International Insolvency Institute
(DBN)

____________

Mining:

Digging for Help Part 2: Additional Key Issues in Metals Exploration Bankruptcies
(DBN)

Glencore Posts Biggest Profit Drop Since IPO on Metals Slump
(DBN)

____________

Fraud:

Citigroup Faces Fraud Lawsuit Seeking at Least $1.1 Billion
(DBN)

Former president of Commerce Corp. sentenced to prison after fraud
(DBN)

____________

Mechanics Liens:

The Only Thing Clear about Nevada Mechanic’s Lien Priority Is That the Lien Claimant Will Likely Get His Day in Court
(DBN)

____________

Food/Beverage:

Inside the Collapse of Fairway
(DBN)

____________

Tax:

After Starting The Global War On Offshore Tax Evasion, America Is Now The World's Biggest Tax Loophole
(DBN)

____________

Autos:

The New Big Short: Subprime Auto Loans
(DBN)

___________

Electricity:

NRG Energy posts $6 billion loss What Is Going on at NRG?
(DBN)

____________

Pharma:

Valeant's $31 Billion of Debt May Be Cut From Ba3 by Moody's
(DBN)

Valeant says it’s under investigation by SEC
(DBN)

____________

Museums:

Please Touch Museum in line for $550,000 city grant
(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 (34 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)

______________

Bankruptcy Statistics:

Fitch: U.S. Personal Bankruptcies Set for Sixth Straight Drop
(DBN)

______________

SCOTUS:

SCOTUS argument preview: What did Congress mean by “actual fraud” in Bankruptcy Code?
(DBN)

SCOTUS Asks For Solicitor General Brief In Jevic Case On Bankruptcy Settlements The Case
(DBN)

____________

Claim Estimation:

Bringing Certainty to Uncertainty: Estimation of Tort Claims
(DBN)

____________

Executory Contracts:

The Abolition of Dysfunctional Contracts in Bankruptcy Reorganizations
(DBN)

Truthiness, Or the Shenanigans of Executoriness
(DBN)

____________

Avoidance Actions:

BMT-NW Acquisition Preference Actions Filed
(DBN)

____________

Insurance:

Claims Bar Date Creates Trap for Unwary in Reliance Insurance Company Liquidation
(DBN)

____________

Aviation:

The Republic Airways Bankruptcy Filing: It's An Outside Job -- And More Changes Are Coming
(DBN)

____________

Shipping:

Bulk Invest May Go Bankrupt "Within Weeks"
(DBN)

____________

Sovereigns:

Argentina, holdout creditors reach $4.6 bln agreement Argentina and the Holdouts Reach a Deal Paul Singer Cuts Deal With Argentina After Ugly, 15-Year Dispute Special Master Announces Settlement Of 15-Year Battle Between Argentina And "Holdout" Hedge Funds Argentina and US creditors reach $4.65 billion settlement to end debt spat After 14 years, Singer and Argentina bury hatchet Argentina Has Finally Settled Its 14-Year Debt Battle
(DBN)

Despite deal, Argentine creditors continue opposing lifting injunctions
(DBN)

Argentina bonds barely move on holdout agreement
(DBN)

After Historic Singer Deal, Argentina Eyes $15 Billion Bond Sale
(DBN)

Key players in Argentina's debt saga
(DBN)

Argentine Government Says It Has Secured The Funds To Pay Off Creditors
(DBN)

It's been emotional
(DBN)

____________

UK:

Norwich Generation Park consortium files for insolvency
(DBN)

Barclays Plummets as Bank Slashes Dividend in Plan to Shrink Barclays loss widens
(DBN)

____________

EU:

Eurozone inflation fall heightens pressure on ECB
(DBN)

____________

PIIGS:

Abengoa Reports $1.3 Billion Loss Amid Insolvency Battle
(DBN)

Clock Is Ticking as Spanish Politicians Try to Form a Government
(DBN)

Greece's Creditors Said to Face Impasse Over Terms of Bailout
(DBN)

____________

Canada:

Judge pushes US Steel ahead of all creditors
(DBN)

Goodwill going bankrupt: Shuttered Ontario branches owe $6 million, including $4.2 million to staff Goodwill Toronto moves ahead with bankruptcy Goodwill will not emerge from bankruptcy in Toronto Goodwill CEO to resign
(DBN)

Insolvency rates up the most in Newfoundland and Labrador, Alberta
(DBN)

Consultant calls high insolvency rates 'a troubling trend'
(DBN)

____________

Ukraine:

Terminal dispute threatens bankruptcy at Ukraine's Ilyichevsk port
(DBN)

____________

MENA:

Another massive sign of how badly Saudi Arabia is suffering from the oil price crash
(DBN)

____________

China:

Deutsche Bank: $328 billion has been moved out of China in secret
(DBN)

China’s state-owned Zombie economy
(DBN)

Huge steel and coal layoffs show just how big China's industrial slowdown really is
(DBN)

China Feb factory activity shrinks more than expected, layoffs on the rise
(DBN)

Why China's Economy Will Be So Hard to Fix
(DBN)

____________

Australia:

Jones Day adds two restructuring partners in Australia
(DBN)

Will the Safe Harbour Ipso Facto Assist with Restructuring in Australia?
(DBN)

____________

India:

Tight-fisted Jaitley offers only promises to debt-ridden banks India skimps on bank bailout, but stocks buoyed by hopes for more cash
(DBN)

Bankruptcy code coming for finance sector
(DBN)

Modi Tackles $117 Billion of Bad Debt by Easing Rules for Buyers
(DBN)

Now, a resolution mechanism for distressed financial firms
(DBN)

____________

Russia:

Russian Manufacturing Worsens More Than Forecast on Oil Collapse
(DBN)

____________

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