May 20, 2016

The Daily Bankruptcy News

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Law:

NY To $190K: Who Will Lead The Charge?
(DBN)

Court Shows Mercy to Aspiring Lawyer Denied Bar Membership for ‘Dishonesty’
(DBN)

Lawyer Accuses Former Firm Of Ripping Off Associates Through Creative Billing
(DBN)

Norton Rose Fulbright moves 170 jobs to the Philippines Global Law Firms Consolidate Support Functions Abroad
(DBN)

Texas Bankruptcy Courts Beat Others Nationwide for Oil and Gas Bankruptcies
(DBN)

The 20 Best Law Schools For Getting Federal Clerkships
(DBN)

It’s the Age of the Law Boutique
(DBN)

Rankings Aren’t Just For Law Schools: Tier 1, Tier 3, And Unaccredited Employees
(DBN)

Biglaw Firm Makes Big Waves With Gender-Neutral Parental Leave Policy Eliminates ‘primary’ caregiver distinction Winston & Strawn Gives Dads 20 Weeks of Paid Leave
(DBN)

Associates May Have Closer Eye on How They Are Billed Out
(DBN)

9 ways to project an 'executive presence'
(DBN)

A former FBI hostage negotiator explains the psychology of negotiating using the example of a $3.50 mug
(DBN)

Researchers found something terrifying when they swabbed office keyboards
(DBN)

How to dress professionally on hot summer days
(DBN)

Can You Rent A Work Wardrobe?
(DBN)

Law grad who inflated resume and failed to mention speeding tickets wins conditional bar admission
(DBN)

The No. 1 sign you're a workaholic, according to Dr. Phil
(DBN)

As Seen On ‘Dr. Phil’: Lawyer Who Helped Plant Pills In Revenge Plot Loses Law License, Mind
(DBN)

Former BigLaw associate gets 5 years in $5M Ponzi scheme that bilked friends and relatives
(DBN)

No liability for movie theater owner in Colorado movie massacre, jury decides
(DBN)

Big Law Docket Scanner: We Didn’t Start the Fire
(DBN)

Lawyer arrested during LA city council meeting after handing in card with drawing of lynching
(DBN)

Serial Spitter Splatters Another Lawyer
(DBN)

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Judges:

Judge Posner is ‘Very Bothered’ by Legal Jargon Posner criticizes majority opinion’s legal jargon in his concurrence
(DBN)

Supreme Court: your right to a "speedy trial" ends when you're declared guilty
(DBN)

One of Donald Trump’s Supreme Court potentials is a social-media star who seems to mock him a lot on Twitter
(DBN)

The T. Swift SCOTUS Mashup You Never Knew You Needed
(DBN)

Fed Judge: Lawyers Must Take Ethics Class
(DBN)

Judge benched after writing "shocking" letter to lawyers
(DBN)

The Measure Of Time Between Justices
(DBN)

Sotomayor's Embrace of Mandatory Pro Bono Garners Praise and Pushback
(DBN)

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Wall Street:

Futures higher as home sales eyed
(DBN)

European shares rebound as oil rally provides a lift
(DBN)

Stocks Close Lower On Interest Rate Hike Concerns
(DBN)

Goldman Sachs just made itself look as bad as people think it is
(DBN)

A brutal remark from a high-speed trader tells you everything you need to know about where Wall Street is headed
(DBN)

Hedge funds are hightailing it out of the stock market
(DBN)

Market's early reaction to a Fed June rate hike is NO! Fed rate hike isn’t all ‘doom and gloom’ for stocks: JPM strategist
(DBN)

The Fed brought this fear back to markets this week
(DBN)

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Layoffs:

This chart shows how New York caused U.S. jobless claims to spike
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sports Authority to close all stores; going-out-of-business sales start soon
(DBN)

Englewood braces for big job losses as Sports Authority headquarters to close
(DBN)

Sports Authority Failure, Youth Participation Drop Portend Bleak Days for Retailers
(DBN)

Dick’s Sporting Goods’ Profit Falls 10% As Sports Authority prepares for going-out-of-business sales, competitor Dick's bides time
(DBN)

Wal-Mart profit, revenue beat expectations; US sales up more than expected
(DBN)

J.C. Penney's Turnaround Is Still Not a Sure Thing
(DBN)

Low Confidence Among Wealthy Weighing Down Luxury Sales
(DBN)

An ‘ominous’ outlook for retail
(DBN)

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Bankruptcy Crimes:

Former Montgomery CEO convicted in bankruptcy fraud case
(DBN)

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Coal:

Walter Energy Defeats Union Bid to Save Contracts and Benefits
(DBN)

CSX’s Railcars Slide on Par with the Slump in US Rail Traffic
(DBN)

The Coming Final War on Coal
(DBN)

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Student Debt:

What Happens When You Warn Students About Their Loan Debt?
(DBN)

Can You Use Student Loans to Go On Spring Break?
(DBN)

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Celebs:

50 Cent Nearing Bankruptcy Finish Line 50 Cent Agrees to Pay Rick Ross' Baby Mama in Bankruptcy Plan 50 Cent Nears Bankruptcy End With $23.4 Million Payout Plan
(DBN)

The Gambler, Golfer, Chairman: A Web of Debt and Inside Tips
(DBN)

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Consultants:

Analyst: Epiq's bankruptcy practice gains traction
(DBN)

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Defaults:

Corporate defaults rising at fastest pace since '09
(DBN)

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Consumer Finance:

States Where Car Loans Are Going Bad
(DBN)

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Economy:

Thanks, Janet! Fed saves day for big banks Bank Stocks Get Whiplashed by Fed Dudley Says It's Important for Markets to Grasp Fed's Thinking The Fed would be crazy to hike rates in June Fed In 'If' Mode As economy improves, Fed hints at a hike in US interest rates Why the US Federal Reserve won't risk a rate rise next month As Talk Grows of a June Interest Rate Increase, Where’s the Data to Support It? Could a Hawkish Fed Bring Back the ‘Nightmarish Merry-Go-Round?’ Fed’s Dudley: Summer Rate Rise Likely if Economy Follows Expected Path Here's one way Wall Street will know an interest-rate hike is imminent
(DBN)

Two-thirds Would Struggle in $1,000 Crisis
(DBN)

Fed’s Fischer says U.S. needs faster potential growth
(DBN)

As US politicians romanticize doomed manufacturing jobs, the new working class is suffering
(DBN)

Businesses Assess Effects of New Overtime-Pay Rule Get ready for an explosion in overtime lawsuits, America
(DBN)

Elizabeth Warren Takes On Uber, Lyft And The 'Gig Economy'
(DBN)

Big Demand for Debt Restructuring Services in Emerging Markets
(DBN)

How Finance Ruined Business
(DBN)

This Is the Work Benefit New Graduates Really Want
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates hold steady amid positive economic news
(DBN)

Washington home buyers deal with multiple offers in an unusual way
(DBN)

Port Authority reaches deal with bankrupt contractor Port Authority to Pay $12.3 Million to Bankrupt World Trade Center Contractor
(DBN)

Commercial Landlords: Don’t Terminate That Defaulting Lease Yet!
(DBN)

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Municipalities:

New Puerto Rico Bill Makes Changes to Creditor Prioritization
(DBN)

Relief and anger in Puerto Rico as Congress acts on debt
(DBN)

Sanders blasts Puerto Rico bill
(DBN)

An American Magnate in Puerto Rico Is Confused by the Debt Talks
(DBN)

PROMESA Observations PROMESA Amusement
(DBN)

Puerto Rico Debt Crisis Bill Keeps Oversight Board
(DBN)

New Version of Puerto Rico Rescue Legislation Proceeds Puerto Rico's Debt Crisis Addressed in Bipartisan Bill
(DBN)

Ryan, Pelosi Praise New Puerto Rico Rescue Bid Republicans, Obama Administration Reach Agreement on Puerto Rico bill US House panel delivers Puerto Rico crisis bill, debt looms House Strikes Puerto Rico Debt Deal With Treasury, Democrats Lawmakers Find Compromise To Address Territory’s Financial Crisis Puerto Rico , House GOP introduces new bill to rescue island US lawmakers break Puerto Rico deadlock
(DBN)

Odds of Puerto Rico debt bill passing may get boost with wildlife refuge’s fate taken out
(DBN)

Is today the day Atlantic City gets its rescue plan?
(DBN)

Cotter: DPS rescue can't be at expense of charters
(DBN)

The best and worst states to make a living in 2016 Why is everyone moving to Texas?
(DBN)

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Oil/Gas:

Will Oil Prices Drop? What’s in Store for the Upstream and Midstream Sectors Ahead
(DBN)

Ex-Shell CEO: Oil Supplies Won't Meet Demand
(DBN)

Shareholders Outraged At BP, Shell CEO Pay Packages
(DBN)

Hot Topics in Oil and Gas Restructurings
(DBN)

Oil Bankruptcies Continue; Linn Energy Reorg Won't Be Pretty
(DBN)

Creditors get priority over environment in Redwater Energy insolvency: judge
(DBN)

Oil slips in face of stronger dollar
(DBN)

Jones Day's Tom Howley discusses navigating the commodity price drop in oil and gas workouts
(DBN)

Two Exco Directors Withdraw From Board Election
(DBN)

Stone Energy skips loan payment , considering various options that include bankruptcy
(DBN)

Is Penn West Really Going Under?
(DBN)

Another Big U.S. Driller Goes Bankrupt
(DBN)

End Of The Road For American Energy Partners
(DBN)

Venezuelan Capital Breaks Out in Violent Protest as Oil Economy Crumbles
(DBN)

Bankruptcy slows Miller Energy's pace
(DBN)

Penn West Petroleum Ltd.: Another Zombie Energy Company?
(DBN)

Tervita Skips Interest Payment , Says It’s in Lender Talks
(DBN)

Will The Supply/Demand Rebalancing Of Crude Oil Take More Time?
(DBN)

The Biggest Winner Of The Oil Bust
(DBN)

____________

Travel:

People hate the TSA right now and a growing conspiracy theory shows how bad it's getting
(DBN)

If You Fly, Read This Story
(DBN)

American Airlines is fed up with the TSA and taking matters into its own hands
(DBN)

The perfect suitcase for any trip that's 2 weeks or less, and it fits in every overhead compartment
(DBN)

____________

Alternative Energy:

SunEdison bankruptcy loan hearing moved to Friday
(DBN)

SunEdison Scrambles to Secure Creditor Deal on Bankruptcy Loan
(DBN)

____________

Shipping:

Daewoo Shipbuilding workers protest restructuring moves Daewoo Shipbuilding rolls out restructuring plan
(DBN)

Court receivership inevitable for Hyundai Merchant without charter rate cut
(DBN)

Hanjin Shipping Bondholders Okay Debt Freeze
(DBN)

Creditors Putting Pressure on Samsung Heavy Samsung Heavy's self-rescue fails to satisfy creditors
(DBN)

____________

Healthcare:

The state of El Paso Children's Hospital a year after filing for bankruptcy
(DBN)

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Gambling:

After Bankruptcy , The Revel Resort Is Ready For Rebirth
(DBN)

Caesars nears approval of controversial bankruptcy plan
(DBN)

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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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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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Avoidance Actions:

Bankruptcy Case Law in PA Now Differs from NJ on Avoidance of Tax Foreclosure Transfers
(DBN)

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Discharge:

High Court Rejects Narrow Bankruptcy Fraud Exemption
(DBN)

Supreme Court Expands Fraud Exception to Favor Creditors
(DBN)

U.S. Supreme Court Holds that "Actual Fraud" Discharge Bar Encompasses Fraudulent Transfers
(DBN)

____________

Bankruptcy Rules:

Lessons in Local Rules and Civility
(DBN)

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Mining:

The worst is yet to come for the mining sector
(DBN)

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Mediation:

Multi-Party Mediation: How it Can Work Well — Detroit and Archdiocese Examples
(DBN)

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TBTF:

A Former Banker’s Push to End ‘Too Big to Fail’
(DBN)

____________

Politics:

These people are accused of abusing bankruptcy laws — but not Donald Trump Prominent neoconservative on Trump: 'This is how fascism comes to America' Trump bumps up in poll. Time for Democrats to panic? Trump and the Walling Off of the World What Trump's Reaction to EgyptAir 804 Reveals Trump's investments include companies he bashed Top Republican vents in critique-filled explanation of why she voted for Donald Trump Trump’s casino war Hillary Clinton: Donald Trump not qualified to be president Hillary Clinton says what Republicans should have Trump's Financial Report? That's Rich Making the Case Against Donald Trump
(DBN)

Hillary Clinton and Donald Trump Face Hurdle Not Seen in Modern History
(DBN)

Could a Libertarian Party bid derail Trump or Clinton?
(DBN)

Bernie Sanders’s base isn’t the working class. It’s young people.
(DBN)

Utah GOP Senator's final wish: Apologize to Muslims
(DBN)

The Twitterization of Elizabeth Warren Elizabeth Warren gets better of Donald Trump on his stance on abolishing federal minimum wage 'Shake It Off' Elizabeth Warren Sings Taylor Swift To Combat Donald Trump Elizabeth Warren could help Hillary Clinton unite Democrats, but her support comes with a price Trump Fact Check: "Elizabeth Warren lied when she says I want to abolish the Federal Minimum Wage."
(DBN)

When Congress Was Worse Than Today
(DBN)

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Distressed Investing:

Top banks differ on junk bond outlook
(DBN)

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Fraud:

Phil Mickelson Says He Will Return Profits From Insider Trading Case
(DBN)

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Credit Reporting:

Congress to consider dramatic overhaul of credit reporting
(DBN)

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Financial Planners:

RCS Capital, parent of Cetera, has bankruptcy plan confirmed
(DBN)

____________

Sovereigns:

What the world can learn from Argentina's holdout saga
(DBN)

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EU:

The rogue trader that lost one of Europe's biggest banks 4.9 billion euros is suing them for 5.7 billion euros
(DBN)

Bankruptcy Tourism in the European Union: Myth or Reality?
(DBN)

____________

PIIGS:

IMF: Greece Needs Easier Debt Terms but Write-off Not Needed IMF: Greece needs 'long' EU grace period on debt payments IMF Said to Seek Delay of Greek Loan Repayments Until 2040
(DBN)

Eurogroup president confident Greek debt deal will get done
(DBN)

Assigning Blame for Greece's Unbearable Debt
(DBN)

____________

Canada:

Winnipeg-based jewelery chain Ben Moss starts company-wide restructuring
(DBN)

Steel mill turning the corner. Key creditors push to stop rush sale
(DBN)

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India:

India’s state-owned firms are saddled with losses larger than Zimbabwe’s GDP
(DBN)

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Venezuela:

A mob in crisis-ridden Venezuela burned a man alive for allegedly stealing $5
(DBN)

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MENA:

Dubai's Limitless to Pay $564 Million as Banks Agree Debt Deal
(DBN)

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China:

China’s Stocks Head for Longest Run of Weekly Losses Since 2012
(DBN)

Defaults Throw Wrench in China’s $3 Trillion Company Bond Engine
(DBN)

Bank of China Plans 1st Bad Loan Securitization Since 2008
(DBN)

____________

Brazil:

Brazil’s Financial Chief Says Economy Worse Off Than He Imagined
(DBN)

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