May 11, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Dentons disrupts pay-to-play legal referral industry with free referral network
(DBN)

After Two Down Years, Wilmer Makes Strong Gains
(DBN)

Get Ready for High-Frequency Lawyers
(DBN)

Lawsuit Illustrates Risks of Switching Firms
(DBN)

Booming Business In Bankruptcies Ahead, Especially In Energy And Retail Sectors
(DBN)

Seyfarth Attorney on Being LGBT in Big Law
(DBN)

How Law School Job Rates Changed This Year
(DBN)

Progress In Naming Law Schools
(DBN)

Erie-area bankruptcy lawyer disbarred
(DBN)

Using S-- Work To Fund Law School: One Woman’s Story
(DBN)

ABA President Wants Every Lawyer To Take One Simple Test
(DBN)

Why the Prevailing 'Gloom and Doom' Narrative on Law Firms Is Off-Base
(DBN)

The Most Unhinged Document Review Rant Ever
(DBN)

Beyond Biglaw: 3 Tips For Discussions With Opposing Counsel
(DBN)

Practicing In-House Isn't About Making Friends
(DBN)

Advice For Lawyers: Create Value… Or Die
(DBN)

Cursing Is F------ ‘Commonplace,’ Says Lawyer Who Was Admonished For Cursing At Federal Prosecutor
(DBN)

Donald Trump's Former Lawyer Paints Bleak Picture of Him Home Alone Gorging on Candy
(DBN)

A Lawyer’s Guide To Social Media (Part 3): How To Effectively Run Ads
(DBN)

6 things to do if you want to wake up before 6 a.m. feeling refreshed
(DBN)

Man who shot and ’slow-cooked’ two men out on bail thanks to ‘stand your ground’ law
(DBN)

Americans Listed in the Panama Papers
(DBN)

Bizarre scuffle between angry KKK members and black pro-Confederate activist
(DBN)

Civil Trial Underway to Decide Whether Theater Chain is Liable for 2012 Colorado Massacre
(DBN)

3 Days Later Man Realizes He Shot Himself
(DBN)

Bankruptcy law partner with lifeguard job sees age-discrimination suit over Speedo rule revived on appeal
(DBN)

Juror asks judge to reduce his six-month sentence for misconduct
(DBN)

Lawyer admits taking $100K in his law firm’s funds, gives up law license
(DBN)

Cliven Bundy Files Lawsuit Claiming Harry Reid Is Personally Trying to Steal His Land
(DBN)

Behind dueling 'bathroom bill' lawsuits, America's cultural rift on gender identity The Debate Over Mississippi's 'Religious Freedom' Law
(DBN)

______________

Judges:

Lawyer’s Bid for Judgeship Derailed Over 20 Cents
(DBN)

For Merrick Garland and Republicans, a Tango of Praise and Rejection
(DBN)

Arizona Republicans Try to Bring Back Court-Packing
(DBN)

Federal judge orders sanctions without deciding whether lawyer lied about mother's death
(DBN)

Federal Judge: Thomas Jefferson Was An A------
(DBN)

Roy Moore: Better Politician Than Judge
(DBN)

This Is No Way to Pick a Judge
(DBN)

______________

Wall Street:

U.S. stock futures drop
(DBN)

Global Stock Rally Peters Out
(DBN)

Stocks close mixed
(DBN)

It’s Time to Face Up to It: The Economy’s Going Nowhere and Stocks Could Be About to Tank
(DBN)

______________

Layoffs:

ANconnect sells Amarillo book service; 172 layoffs begin
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Alternative Lending:

Treasury Department calls for more oversight of online lending industry
(DBN)

Goldman, Jefferies Put LendingClub Deals on Hold
(DBN)

Need Cash Fast? Ask Reddit
(DBN)

As Lending Club Stumbles , Its Entire Industry Faces Skepticism
(DBN)

Online Lenders Already in Turmoil Facing U.S. Call for Rules
(DBN)

____________

Politics:

Clinton Fact Check: Market forces made coal companies go bankrupt Hillary Clinton Deflects Questions About Bill Back at Donald Trump Why billionaire Trump faces $$$ disadvantage versus Hillary Donald Trump is embarking on a scorched-earth general-election plan to beat Hillary Clinton New polls show Hillary Clinton and Donald Trump virtually tied in several key swing states Polls Shows Tight Race Between Clinton, Trump Why Wall Street is Rooting for Clinton
(DBN)

Mark Cuban: Trump supporters don’t care about the issues Mark Cuban: Trump is smart enough to hire people who are not 'Trumpian-like' What happened to the ‘best’ people for Trump? Trump's Empty Administration Sadiq Khan Will Not Be Trump's 'Exception' Donald Trump and the Invention of Charismatic Finance Is the Tea Party Responsible for Donald Trump? Jon Stewart is back with some strong words for "man-baby" Donald Trump Trump’s drummer is ‘playing the right tune’: Michael Bloomberg Weighing the Cost of Loyalty to Trump Why Donald Trump is the Magic 8 Ball of politicians, according to Seth Meyers Mexican Twitter’s counterproposal to Trump: Make Arizona Mexico Again! What will Ryan ask Trump on Thursday? A few thoughts Donald Trump is now accepting the kind of big-money donations he thinks corrupts politicians Swing state voters cool to Trump’s Mexico wall proposal Trump: I’ve narrowed my VP shortlist to 5 or 6 experienced politicians Donald Trump’s Chief Fundraiser Is an Unorthodox Choice Donald Trump on Victories Over No One: "It's a Great Honor" Donald Trump: “All of the men, we’re petrified to speak to women anymore”
(DBN)

How much would Sanders's domestic program add to the debt?
(DBN)

Ted Cruz says he’s open to restarting campaign if he wins Nebraska No, Ted Cruz is not restarting his campaign. Stop that speculation.
(DBN)

____________

Coal:

West Virginia Primary: Record Turnout Reported in the Mountain State
(DBN)

Coal's Stranded Assets Half of all global coal assets may be uneconomic
(DBN)

Bernie Sanders and Hillary Clinton Court West Virginians Hit Hard by Coal’s Decline
(DBN)

A Stark Reality in West Virgina's Coal Country
(DBN)

Bankrupt Arch Coal sees its loss widen
(DBN)

Judge grants Alpha motion to drop union contract
(DBN)

____________

Distressed Investing:

Here’s why the junk-bond party might be over
(DBN)

The pain and gain in chasing the junk bond rally
(DBN)

____________

Theatre:

MN: Children's Theatre awaits final abuse lawsuits, bankruptcy possible
(DBN)

____________

Paper:

Behind the Closing of a Maine Paper Mill, a Tale of Tariffs and the Times
(DBN)

____________

Defaults:

With Atlas Iron, Leveraged Loan Default Rate Inches to 1.72%
(DBN)

____________

Aviation:

The World’s Richest Airlines Can’t Get Enough Hand-Me-Down Jets
(DBN)

____________

Currency:

MTGOX’s Trustee suspends release of bitcoin addresses list amid personal info security concerns
(DBN)

____________


Economy:

America has near record 5.8 million job openings Job Openings at Highest Level Since 2001, But Churn in Job Market Ebbs in March There's something wrong with the US labor market
(DBN)

US wholesale inventories barely rise, sales rebound
(DBN)

The Fed Made the Poor Poorer
(DBN)

The labor market suggests a recession could be coming soon
(DBN)

Six Ways the Recession Inflicted Scars on Millions of Unemployed Americans The Recession’s Economic Trauma Has Left Enduring Scars The Great Recession Left These 4 Lingering Scars for People Who Lost Their Jobs
(DBN)

Nearly Half of Millennials Have Bad Credit: TransUnion
(DBN)

Highlights of Donald Trump’s Interview on Taxes, Debt and the Fed Dangers in Donald Trump’s Debt Suggestions Donald Trump: US will never have to default, it prints money Trumponomics: Speak Loudly and Carry a Yuge Stick Of Trump and Treasuries Donald Trump Stirs Up Debt Hornet's Nest President Trump Will Be the King of Debt A General Theory of Trumponomics
(DBN)

Trump Proposes Massive Tax Breaks for Rich
(DBN)

How to Tell Facts About the Debt From Political Hype
(DBN)

Consumers’ Perceived Credit Availability Falters, While Income and Spending Confidence Rebound
(DBN)

The Financial Lessons of a Depression-Era Baby
(DBN)

Americans have stopped having babies
(DBN)

Central banks are loading up on gold
(DBN)

Pimco Total Return Fund Cuts Emerging Debt to Lowest Since 2014
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Luxury Condo Boom Is Ending in Manhattan
(DBN)

Equifax: Write-offs hit 9-year low for first quarter
(DBN)

Fla. App. Court (3rd DCA) Holds Payment Defaults More Than 5 Years Old Not Recoverable
(DBN)

The top towns for real estate investors
(DBN)

This map shows a big hidden reason for America's new housing crisis
(DBN)

10 US cities where an entry-level salary is barely enough to make rent
(DBN)

Freddie Mac: Mortgage repurchases down 95% from 2010 peak
(DBN)

____________

Municipalities:

Puerto Rico’s Fiscal Fiasco Is a Harbinger of Mainland Woes
(DBN)

Fund managers have been running from Puerto Rico debt
(DBN)

Puerto Rico Electric Says Bondholders Need to Pay Up This Time
(DBN)

Treasury Secretary Jacob Lew Puts a Face on Puerto Rico Debt Crisis
(DBN)

Fix Puerto Rico’s debt now, or taxpayers will bail Puerto Rico out later
(DBN)

AC: Time for Prieto to get out of the way
(DBN)

Have N.J. lawmakers given up on effort to save Atlantic City from bankruptcy? A.C. talks again dissolve into discord Vote on Atlantic City rescue bill delayed
(DBN)

In Detroit, Teacher 'Sickouts' Continue As A Pay Dispute Goes On
(DBN)

Rauner walks back CPS bankruptcy talk
(DBN)

Chairman ends Flint hearings without Snyder testimony Foundations pledge $125M to Flint recovery
(DBN)

____________

Healthcare:

Methodist Health System has its sites set on at least three Forest Park hospitals
(DBN)

What kills Americans at every age
(DBN)

____________

Oil/Gas:

Latham Lands Latest Energy Bankruptcy As Fees Draw Scrutiny
(DBN)

Oil slump driving credit delinquencies
(DBN)

Saudi ouster will send oil prices ‘lower for longer’ Oil ouster: Three things Saudi Arabia needs to do now Saudis hand oil market the one thing it really hates OPEC Needs to Fear New Saudi Oil Minister Saudi Arabia is doubling down on its oil strategy Can Saudi Arabia Really Break Its Dependence On Oil?
(DBN)

Oil dips on Canada output prospects, record US stocks
(DBN)

90% Off Sale On Offshore Drilling Rigs? 90% Off Sale On Offshore Drilling Rigs?
(DBN)

Here’s what’s really spooking oil US oil ends up 2.8 pct as Canada, Nigeria outages counter stockpile concern Here’s really how the wildfire in Canada could impact oil prices
(DBN)

Chaparral Energy Has Stored Cash for Bankruptcy Turnaround Moody's downgrades Chaparral Energy's PDR to D-PD on bankruptcy filing Chaparral Energy Files for Bankruptcy, But is There a Silver Lining?
(DBN)

Artisan Energy says its business is no longer viable going concern
(DBN)

Bartec Lender Group Said to Hire Deloitte for Debt Negotiations
(DBN)

CorEnergy Releases First Quarter 2016 Results
(DBN)

Texas drilling permits down 20 percent
(DBN)

How Oil’s Most Boring CEO Found Himself Atop 10 Billion Barrels
(DBN)

Energy Deals Elusive Despite $110B in Assets on the Block
(DBN)

Can Oil and Gas Survive the Credit Drought?
(DBN)

Oil Markets Have Calmed Down — EIA
(DBN)

Ex-Magnum Hunter CEO Evans starts new Texas oil fields venture
(DBN)

Shale gas production rising as drillers become more efficient
(DBN)

Oklahoma City-based Chaparral Energy files for bankruptcy protection
(DBN)

____________

Alternative Energy:

SunEdison 'yieldcos' extend date to file financial reports
(DBN)

Korean firm's insolvency leads to big SunEdison Semiconductor loss
(DBN)

Solar shares plunge even more than coal Storm Clouds for Solar Stocks
(DBN)

Why former Wall Street darling Tesla has slipped into reverse
(DBN)

Vivint Solar to take part in SunEdison's bankruptcy case
(DBN)

Bilfinger Management Shakeup Continues as Board Members Pull Out
(DBN)

____________

Debt Collection:

The FCC Wants Debt Collectors to Stop Bothering You FCC Moves to Limit Debt-Collector Robocalls
(DBN)

____________

Personal Finance:

15 simple ways to save money without sacrificing your social life
(DBN)

How to Raise Your Credit Score, Fast
(DBN)

____________

Celebs:

Judge denies Blixseth motion to be freed from jail
(DBN)

Bankruptcy judge rules Texas tycoon Wyly committed tax fraud This Texas Tycoon Just Lost a $1 Billion IRS Tax Case Federal judge rules Wyly brothers committed tax fraud
(DBN)

50 Cent's Boxing Company Wants To Dismiss Bankruptcy
(DBN)

____________

Trucking:

American Truckers; Jobs Went Downhill
(DBN)

____________

Fraud:

Madoff Trustee in Money Fight With Dead Sons' Estates
(DBN)

____________

Shipping:

Bulk Carrier Genco Shipping Negotiates With Lenders After Violation
(DBN)

____________

Autos:

Takata looks at restructuring as airbag recall woes mount
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

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

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

2016 District of Delaware Bench & Bar Conference
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Petition Preparers:

Missouri announces preliminary injunctions in alleged bankruptcy services scheme
(DBN)

____________

Avoidance Actions:

Now You See It, Now You Don't - The Search for "Unreasonably Small Capital"
(DBN)

Standard Register Company Preference Actions Filed
(DBN)

____________

Mediation:

6 Reasons Why Bankruptcy Mediation is a Process, Not a One-and-Done Session: Part Three — Discovery Vacuum
(DBN)

____________

Valuation:

Valuation Outside the Box: Southern District of Texas Affirms the Bankruptcy Court’s Discretion to Select Appropriate Valuation Methodologies
(DBN)

____________

Corporate Governance:

Bankruptcy Court Opinion Clarifies California Law on Duties of Directors & Officers Upon Insolvency
(DBN)

____________

Dismissal:

Filing on the Eve of Foreclosure: Sometimes It Works, and Sometimes It Doesn’t
(DBN)

____________

Bankruptcy Rules:

Southern District of Texas Takes Itself to Task for Failure to Follow Chapter 13 Rules
(DBN)

____________

Food/Beverage:

How Fairway plans to refocus after a quick bankruptcy
(DBN)

____________

Retailing:

Macy’s Stock Is Cheap for a Reason
(DBN)

Gap shares plunge, analyst says company in big trouble
(DBN)

Banana Republic is still struggling
(DBN)

3 Vulture Stocks That Will Feast on Sports Authority
(DBN)

Modell's said to back away from bid for Sports Authority
(DBN)

Sports Authority Reorganization Hopes Fade as Bid Deadline Looms
(DBN)

What Does It Really Mean When Retailers and Brands File for Bankruptcy?
(DBN)

____________

Hollywood:

Netflix Insists On Right to Jump Theatrical Release for Relativity's Films
(DBN)

Bankruptcy Judge Won’t Let Netflix Release Relativity Films Ahead of Theaters Judge Against Netflix Bid to Stream Relativity Films
(DBN)

____________

Student Debt:

Parents: Your boss may soon pay off your education debt
(DBN)

The Student Debt Crisis at State Community Colleges
(DBN)

____________

Mail:

U.S. Postal Service Q2 losses widens to $2 bln; says "serious" financial situation is solvable
(DBN)

____________

UK:

BHS administrators receive ‘multiple offers’ for business
(DBN)

The Magnificent Seven's shoot-out for Tata's UK steel works Tata Steel says seven firms in frame to bid for rest of UK operations JSW enters race for Tata Steel's UK business Teams line up in the battle for Tata
(DBN)

Philip Coggan: PPF is 'a pyramid scheme with a dwindling number of members'
(DBN)

____________

PIIGS:

'Everyone’s outraged': angry Greeks foresee Grexit and drachma's revival
(DBN)

Greek Prime Minister Alexis Tsipras Expresses Optimism Over Bailout Talks If only he’d worn a tie
(DBN)

Line drawn as Greek bailout talks open
(DBN)

JPMorgan Says Greece's World-Beating Rally Has Little Left to Go
(DBN)

The Greek Deal That No One Wants
(DBN)

Politics clouds Greek debt talks
(DBN)

Italy Sets May 12 Deadline for Offers to Buy Rescued Banks
(DBN)

Fitch: Italian Insolvency Reforms Positive but Still Untested
(DBN)

____________

Canada:

Insolvent gamblers win one in bankruptcy court
(DBN)

Once touted as world’s soundest, Canadians are falling behind global peers on a key strength gauge
(DBN)

The First Glimpses of Devastation in Fort McMurray
(DBN)

____________

Sri Lanka:

Sri Lanka to reform Bankruptcy laws
(DBN)

Sri Lanka's debt-laden airline to sell four new Airbus planes
(DBN)

____________

Brazil:

Brazil is heading towards an impeachment trial
(DBN)

____________

Australia:

Increase in firms entering administration
(DBN)

Negative Rates a Possibility for Australia's Central Bank: BTIM
(DBN)

____________

China:

China's debt is worse than everybody else's ... except pre-crisis Ireland
(DBN)

China Debt Faces 'Nasty Reorganization'
(DBN)

____________

Algeria:

Algeria Running Short of Cash, on the Verge of Bankruptcy
(DBN)

____________

South Korea:

Korea's Hanjin Heavy Industries enters workout agreement Hanjin Creditors to Provide More Lifeline to Cash-Strapped Shipbuilder
(DBN)

Creditors to discuss debt-for-equity swap for Hyundai Merchant
(DBN)

____________

India:

India fails in first bid to bring home tycoon Mallya from Britain
(DBN)

Why Indian Banks Face Trouble Taking Out Their Trash
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $63/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016