October 11, 2016

The Daily Bankruptcy News

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Law:

Law Firms Demote Partners as Pressure Mounts Over Profits
(DBN)

New York Partners Unscathed By MoneyLaw?
(DBN)

Jobs Report Shows Small Gains for Legal Sector
(DBN)

Law school admissions officers are optimistic about legal ed, but would like to see some closures Too many law schools in the US, say admissions officers 65% Of Admissions Offices Want Some Law Schools To Close; 52% Want ABA Stripped Of Its Accreditation Power
(DBN)

Law Schools With The Most Competitive Students v. Law Schools With The Best Quality Of Life (2017)
(DBN)

US Law Firm Womble Carlyle Adopts ROSS’s AI Research System
(DBN)

Restructuring Partner to Join Sidley In London
(DBN)

Lawyers Can Write Shorter, But It’ll Cost Them
(DBN)

In Changing Legal Market, Big Firm Model Faces Questions
(DBN)

The 3 Main Mistakes You Want To Avoid In Order To Leave The Law
(DBN)

Amidst Declining Enrollment And Budget Deficits, Minnesota Law School Dean Seeks To Shift Narrative
(DBN)

Morris Schneider Wittstadt's Failure Sparks Another Suit
(DBN)

My Moot Court Partner Was Jose Cuervo
(DBN)

US lawyers can expect to see pay rises next year
(DBN)

Evaluating Global M&A: A Bad Year… Except For One Firm
(DBN)

7 Firms (Not on Wall Street) Make 'Best Place to Work' List
(DBN)

McGuireWoods Partner Richard Mason Named Co-Chair of International Bar Association’s Insolvency Section
(DBN)

Hit Man Implicates Wendi Adelson In Dan Markel's Murder
(DBN)

Sometimes, To Get Things Done, You Must Simply Pick Up The Phone
(DBN)

Pa. Bar Passage Rate Dips to New Low
(DBN)

Law firm says it’s downsizing because of ‘unfair allegations’ in barratry suit
(DBN)

‘Grab Them By The P----’… And Throw Them Off A Building: The Most Hilarious Lawyer Letter Ever
(DBN)

Former Student Permanently Banned From Law School For Allegedly Exhibiting ‘Disturbing’ Behavior
(DBN)

The Evolving Law Firm Partnership: Divergent Perspectives
(DBN)

Obama commutes 102 more sentences, setting one-year record
(DBN)

Biglaw Firm Tells Lawyers To Bill Clients For Time Spent On Toilet
(DBN)

Associates: I’ll Take a Year of Pro Bono, Please
(DBN)

Trump’s Lawyers Really Don’t Trust Him
(DBN)

GW Law Grad And Her Biglaw Partner Husband Get The ‘Saturday Night Live’ Treatment
(DBN)

10 signs you aren't cut out to be a leader
(DBN)

Former Federal Prosecutor Jessica Ortiz’s Career Advice For Up-And-Coming Attorneys
(DBN)

Putting Public Safety First: Police Officer Claims Strange Defense
(DBN)

Legal series about disgraced BigLaw lawyer debuts this month
(DBN)

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Judges:

In Debate with Trump, Clinton Says She'd Look Outside 'Big Law' for Supreme Court Nominees
(DBN)

Ginsburg: Kaepernick's protest is 'dumb and disrespectful'
(DBN)

Federal judge questions how redacted document got unredacted; CourtListener says there is no mystery
(DBN)

He Who Shall Not Be Named During Presidential Debates? Judge Merrick Garland
(DBN)

5 Tips For Raising Strong Daughters From Justice Ruth Bader Ginsburg
(DBN)

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Wall Street:

Losses on tap for Wall Street stocks as oil backs away from highs
(DBN)

Stocks close higher as oil jumps 3%, Dow up 89 points
(DBN)

The market looks eerily similar to the days right before the 1987 crash
(DBN)

S&P 500’s ‘triangle’ chart pattern warns of a big selloff, analyst says
(DBN)

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Layoffs:

Trump Taj Mahal closes after 26 years; 3,000 lose jobs Trump Taj Mahal Closes After Breakdown Of Talks With Union Workers
(DBN)

Verizon - Cutting Jobs in Stores Across the Country
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Travel:

Flight attendants share 11 of their favorite travel hacks
(DBN)

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Gambling:

Trump Taj Mahal becomes 5th casino casualty in Atlantic City Trump: 'No reason' for Taj Mahal casino showdown Atlantic City’s Casino Crisis Continues as Trump Taj Mahal Closes A Look Inside Donald Trump's Failed Taj Mahal Casino Carl Icahn loses $350 million bet to save the Trump Taj Mahal
(DBN)

Caesars Entertainment Wins Major Legal Battle, but Its Future Still Looks Grim
(DBN)

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Bankruptcy Crimes:

Intent To Harm Creditors Needed In Bankruptcy Sentence
(DBN)

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Personal Finance:

Who Will Go Bankrupt First If Your Neighbor Wins the Lottery?
(DBN)

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Steel:

Essar continues mineral lease battle
(DBN)

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Autos:

Takata hires law firm Weil Gotshal with bankruptcy among options, report says Air-Bag Maker Takata Weighs U.S. Bankruptcy Filing: Bankruptcy court seen as possible venue for negotiating recalls costs with auto makers Takata shares plunge as restructuring options weighed Who is in the running to nab Takata?
(DBN)

Coal-mining boss: ‘Tesla is a fraud’
(DBN)

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Taxis:

Yellow Cab Can No Longer Afford Ch. 11, Trustee Says
(DBN)

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Education:

Is For-Profit Education Hurting the Economy?
(DBN)

A bankruptcy with plenty of parking spots
(DBN)

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Tax:

Trump’s Tax Strategy Seen Turning Unpaid Debt Into Benefit Trump Got Tax Break for Stiffing Contractors
(DBN)

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Retailing:

Under Armour upgraded as Sports Authority bankruptcy threat fades
(DBN)

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Hotels:

Rochester hotel to be sold at bankruptcy auction
(DBN)

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Economy:

Global Economy Enters Dangerous Territory
(DBN)

US Only Added 156,000 Jobs in September
(DBN)

Consumer Borrowing Grows at Record Pace in August
(DBN)

Consumer Loan Delinquency Rates Continue to Improve
(DBN)

Change in Payroll Jobs per Month Since 2008
(DBN)

2016 Nobel Prize In Economics Awarded To Harvard, MIT Professors Economics Nobel Rewards Theories Worth Building On An Economics Nobel for Examining Reality
(DBN)

Here's how Trump and Clinton would each handle the rising deficit to avoid another fiscal crisis
(DBN)

New Research On Inequality: ‘Whatever You Thought, It’s Worse’
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Surrendering Your Property in Bankruptcy Means You Must Actually Surrender It
(DBN)

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Municipalities:

Puerto Rico Continues the Struggle to Restructure its Debts
(DBN)

Nebraska County Appeals $28.1M Judgment Won by Exonerated Inmates, Bankruptcy Possible
(DBN)

US state public pension unfunded liabilities to hit $1.75 trillion: Moody's
(DBN)

Challenge to Detroit Pension Cuts Thwarted by Sixth Circuit
(DBN)

How Detroit's turnaround began long before bankruptcy
(DBN)

City of Detroit Pays for CFO's $4000/Month Downtown Apartment
(DBN)

Hedge Funds Holding Puerto Rico GOs Sue Over Sales-Tax Bonds
(DBN)

Atlantic City’s Bare Ruined Choirs
(DBN)

Raimondo: Providence should not go bankrupt; needs leadership

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Oil/Gas:

Samson Plan Takes Advantage Of Thanksgiving: Watchdog
(DBN)

Shrinking bond yields signal oil patch rebound
(DBN)

The Billion Barrel Oil Swindle
(DBN)

Global Energy Demand Growth Set to Fall
(DBN)

OPEC oil production rose to record highs: IEA
(DBN)

OPEC Lost $1 Trillion on Cheap Oil Prices
(DBN)

Two more rigs in U.S. oilfields; third increase in a row
(DBN)

Oil is sliding after the 'scariest man on earth' said no to freezing production
(DBN)

Russia's Rosneft boss Sechin says no to OPEC oil cap Oil Surges To One-Year High As Putin Backs OPEC Deal
(DBN)

Iran, Iraq Bow Out Of Next OPEC Meeting
(DBN)

No recovery in sight for Canada's 100,000 unemployed oil workers
(DBN)

Texas economist sees oil industry leveling out
(DBN)

Onshore Oilfield Equipment Market Spending Begins Recovery
(DBN)

Oil Clout Ebbs in Alaska as Billions in Tax Credits Are Cut
(DBN)

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Politics:

Debate: I'll Throw Hillary in Jail Once Elected Trump Would Jail Clinton? There's a Name for That Trump: 'Special prosecutor, here we come' 90 Minutes of Insults Trump crashes in poll after lewd tape leaks 'Poll: Trump Supporters Staying Loyal Five Types of Voters, More or Less Loyal to Trump Bakersfield: Where Trump's Still Surging You bragged that you have assaulted women. Do you understand that?' There’s Apparently Another Trump Video Coming GOP Pollster: Trump is 'back in the race' Trump Admits Years of Paying No Taxes Buffett to Trump: I’ve paid income taxes every year since I was 13 Round 2 was nasty Buffett slams Trump on tax returns Report Documents 20 Times Trump, His Companies Were Sued for Misconduct Towards Women Turns Out Donald Trump Attacked Woman Who Accused Him of Assault. This Year. Tawdry Charges and Character Attacks Fill Second Debate Paul Ryan Throws In The Towel G.O.P. Furor After Ryan Says He Won’t Defend Trump Trump: Paul Ryan shouldn't 'waste his time on fighting Republican nominee' Pence doubles down on Trump Race That Hit Rock Bottom Goes Still Lower Donald Trump’s Wealth Is Fool’s Gold There are hints more damaging Trump tapes exist — and someone is already willing to pay millions for them A growing list of Republicans call for Trump to step down How Donald Trump Uses the Tax Code in Ways You Can’t He Couldn't Even Save Atlantic City S. Korea Bets on Trump Becoming Rational on Trade If Elected Business Leaders Call Trump Bad for Economy in New Letter Donald Trump's bankruptcy was great for him, a disaster for everyone else Trump's campaign keeps dismissing his controversial statements with the same defense Ben Stein: Trump Must Go Tennessee Governor Wants Trump to Quit Kay Granger Calls for Trump to Withdraw GOP Lawyers Look for Ways to Dump Trump He's a Monster! Be Sure to Vote for Him Donald Trump's unpaid debt seen turned into a tax benefit
(DBN)

Hillary Waffled on Consumer Bankruptcy and Main Street Took the Hit Wikileaks Releases Over 2,000 Additional Hacked Emails From Clinton Campaign Chairman Email Leak: Clinton's Cozy Press Relationship Leaked emails show tension and turmoil inside Hillary Clinton's inner circle Citi ups chances of Clinton win to 70 percent as Trump stumbles Clinton's Duplicity on Corporate Taxes Emails: Clinton Weighed New Glass-Steagall The Truth About Clinton’s Handling of Kathy Shelton Case
(DBN)

Donald Trump and Hillary Clinton are about to get blamed by the CEOs of the world's biggest companies
(DBN)

After scrutiny, news outlets stop conducting unscientific online debate polls
(DBN)

New Firepower in Shocking Suit Against Trump
(DBN)

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Corporate Governance:

Don't Blame Delaware - Its loose laws make it a tax haven, but other states' weak rules are also complicit
(DBN)

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Prisons:

The formerly incarcerated are facing crippling prison debt when they get out Debtors’ prison: Take a look at your state’s “pay-to-stay” policies
(DBN)

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Telecoms:

Nortel units seek more time for talks to split $7.3 billion
(DBN)

Former Nortel workers who lost disability benefits look to Liberals for justice
(DBN)

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Tech:

Facebook Founder Saverin Sued in Dispute Over Bankrupt Startup
(DBN)

RadioShack, Circuit City Again Seek Discovery In Drive Suit
(DBN)

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Resorts:

Taxes on The Greenbrier went unpaid for months
(DBN)

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Metals:

US company enters agreement to test market for assets of bankrupt Noranda
(DBN)

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Waste:

Minnesota Trash Co. Claims Natural Gas Trucks Forced its Bankruptcy
(DBN)

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Weather:

1 Million without Power in North/South Carolina
(DBN)

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Litigation:

Courts Throw Some Shade at Litigation Funding Arrangements
(DBN)

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Consultants:

AlixPartners Adds Peters to Turnaround/Restructuring Team
(DBN)

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Food/Beverage:

Why bankruptcy is on menu for restaurants
(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 (12 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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:

Commercial Bankruptcies Soar 38 Percent as Debt Crushes Businesses
(DBN)

Weekly Bankruptcy Claims Trading Activity (scroll down)
(DBN)

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Healthcare:

Eleventh Circuit: Bankruptcy Courts Lack Jurisdiction over Medicare Provider Agreements
(DBN)

Texas hospital explores bankruptcy
(DBN)

Sotera Wireless files for Chapter 11 bankruptcy protection
(DBN)

A major investor is taking Theranos to court
(DBN)

Coast Hospital: Slouching Toward Bankruptcy
(DBN)

Not Working Makes People Sick
(DBN)

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Miscellaneous:

Sears Watch, Restaurant Woes And Kim Kardashian’s Bodyguard
(DBN)

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Sanctions:

Walk The Line: Sanctioning Institutional Creditors
(DBN)

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Religion:

Rabbinical Court Can’t Appeal Bankruptcy Court’s Order
(DBN)

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Sales:

When Can't a Creditor Credit Bid?
(DBN)

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Shipping:

First Hanjin vessel seized at Korean port
(DBN)

Hanjin, Ashley Furniture Battle Over Cargoes, Storage Fees
(DBN) Trump Taj Mahal closes after 26 years; 3,000 lose jobs
(DBN)

Port of Oakland has Hanjin shipping containers stacked five high
(DBN)

Plagued by losses, Western India Shipyard Limited put up for sale
(DBN)

Rickmers tries to win over bond holders
(DBN)

Seoul Court Considers Selling Hanjin’s Asia-U.S. Business
(DBN)

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Insurance:

Claim Brought by Lenders Against Officers Based on Company’s Misstated Financials Barred by Bankruptcy and Creditors Exclusion
(DBN)

Health Republic's Curious Liquidation: Part 5
(DBN)

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Ch. 13:

Ch. 13 Debtors’ Changes to Model Plan Violate Bankruptcy Code
(DBN)

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UK:

‘Pension pain’ avoided as court rules retirement funds protected in bankruptcy
(DBN)

Insolvency Express trials pilot scheme
(DBN)

RBS deliberately crushed more than 1,000 healthy UK businesses to seize and sell their assets? RBS denies allegations of causing SMEs to fail Think Wells Fargo scandal is bad? RBS did something so much worse
(DBN)

Immigration law for insolvency practitioners
(DBN)

Pound’s losses deepen after reports Brexit would cost U.K. £66 billion Former Bank of England governor thinks the pound's collapse is good news
(DBN)

There is a rolling warning sign that Brexit is already killing off jobs
(DBN)

Arcadia ‘paid £2m windfall to favored BHS staff’
(DBN)

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PIIGS:

Greek Government Faces Potential Delay in Aid Payout Greece and creditors avoid a new bailout drama Greece Clears Hurdle Toward Another Round of Bailout Aid Greece Gets Fresh Loan Payout as Euro Area Looks to Help on Debt
(DBN)

Why Greece Is Eyeing the IMF to Help Ease Its Debt Pile
(DBN)

Greece’s Tsakalotos Says German Position on Debt Is Unrealistic
(DBN)

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Germany:

No deal reached by Deutsche Bank with US regulators Beware The Falling Knife Deutsche Bank bankruptcy would collapse world financial system – Jim Rogers
(DBN)

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China:

Dongbei Special Steel formally enters bankruptcy restructuring: Xinhua
(DBN)

Pulling The Plug On Chinese Zombies
(DBN)

China Lays Out Guidelines on Debt-for-Equity Swaps Between Banks, Companies Market will drive debt-for-equity swaps; only fittest firms survive
(DBN)

China Intensifies Push to Cut Debt With Multi-Agency Blitz
(DBN)

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India:

Centre issues three draft insolvency regulations
(DBN)

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MENA:

UAE courts may be under pressure to handle bankruptcy cases: Al Tamimi
(DBN)

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Singapore:

Courts to work on solving cross-border insolvencies
(DBN)

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Brazil:

Late Sugar Sales Help Brazil Mills Struggling With Debts
(DBN)

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Australia:

Investors Dig for Distressed Debt in Australia
(DBN)

Court refuses mandatory examination of liquidator
(DBN)

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Austria:

Austria’s Heta Drama Ends With 99% of Bondholders Accepting Deal
(DBN)

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Venezuela:

PDVSA Extends Debt Swap Deadline on Low Bondholder Participation
(DBN)

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Russia:

'Yukos v. Russia' Update: US Court Stays $50 Billion Enforcement
(DBN)

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