October 13, 2016

The Daily Bankruptcy News

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Law:

Consultant sees ‘pervasive’ trimming of BigLaw equity partners Law Firm Partners Not Forced Out = New Heroes of American Capitalism
(DBN)

The Gender Pay Gap for Big Law Partners: 44 Percent
(DBN)

Law Professor Left In Critical Condition After Brutal Attack
(DBN)

Will This Big Law Firm's 'Innovation' Strategy Have Legs?
(DBN)

Third-party litigation funding in US enters mainstream, leading to calls for reform
(DBN)

Honigman experiences high turnover rate as it embarks on expansion plan
(DBN)

For Fastcase founders, the message is: Change, and do it faster! (podcast)
(DBN)

Attorney Not at All Happy With FindLaw
(DBN)

Pennsylvania Bar Exam Results Reveal Worst Passage Rates In More Than A Decade
(DBN)

The Dan Markel Case: Wendi Adelson’s Lawyer Calls Out Her Accuser Adelson sighting could 'implicate' Markel's ex Rivera: 'We were coming up here to kill somebody'
(DBN)

The University Of California’s Extraordinary Legal Battle With Ex-Berkeley Law School Dean
(DBN)

What Would An Efficient Market For Law Schools Look Like?
(DBN)

Meet A Former Supreme Court Clerk And Wife Of A Biglaw Partner Who Vocally Supports Donald Trump
(DBN)

You don’t need a Cadillac when a Chevy will do
(DBN)

Referring Bad Potential Clients To Colleagues Can Jeopardize Your Reputation
(DBN)

The (Nobel-Winning) Theory Of Contracts
(DBN)

Announcing The alt.legal Innovation Awards Finalists
(DBN)

Firm Accused of Filing Collection Suits Without Review by Lawyer
(DBN)

The Unexpected Surprise Of Starting A Law Firm
(DBN)

11 websites every modern gentleman should bookmark
(DBN)

How America Outlawed Adolescence
(DBN)

Art of the Comeback: Pierce O’Donnell and Jackson Pollock
(DBN)

Texas has been locking people up for possessing traces of drugs too minuscule to be measured
(DBN)

Let’s Talk About These Creepy Clowns
(DBN)

Texas attorney general's appeal rejected, trial likely Texas’s Paxton Must Face Criminal Securities-Fraud Trial
(DBN)

Federal prosecutors will charge Sheriff Joe Arpaio with criminal contempt; he vows a fight
(DBN)

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Judges:

Is Ruth Bader Ginsburg's slam on Colin Kaepernick out of character? The ‘Notorious RBG’ Myth Shattered By Kaepernick Comments
(DBN)

Part one of Charlie Rose's conversation with Ruth Bader Ginsburg Pt. 2
(DBN)

Justice Ginsburg’s accent returns to her New York roots, linguists say
(DBN)

Bio of Judge Thomas Donovan
(DBN)

Judge Loses It Over A Little League Game
(DBN)

Why it Took 12 Judges to Replace Scalia for Bryan Garner's Latest Book Project
(DBN)

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Wall Street:

Dow futures fall 100 points as China comes back to haunt stocks
(DBN)

Stocks Go Nowhere
(DBN)

Stocks are almost as expensive as they were during the tech bubble
(DBN)

Get ready for a 'severe fall' in the stock market, HSBC says
(DBN)

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Layoffs:

Lloyds is slashing 1,340 jobs
(DBN)

VW to Start Cutting Jobs
(DBN)

Verizon to cut 250 jobs in Rockland
(DBN)

IN: Community Health to Lay Off Nearly 200
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Taxis:

One chart shows how swiftly Uber and Lyft are killing traditional taxis
(DBN)

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Education:

Americans worry about the cost of college, but cable networks don’t seem to care
(DBN)

Congress should empower universities in the fight against student debt
(DBN)

Can bankruptcy laws save higher education?
(DBN)

Charter schools: America's new subprime mortgages?
(DBN)

____________

Celebs:

Elon Musk’s Wild Ride
(DBN)

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Radio:

Judge confirms sale of Lowell Register’s radio stations
(DBN)

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Food/Beverage:

Cosi Seeks to Sell Its Assets in What Could Be an Auction
(DBN)

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Bankruptcy Crimes:

Former CEO of Monarch Mortgage pleads guilty to concealment of bankruptcy assets
(DBN)

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Ethanol:

Ethanol Pain Could Increase
(DBN)

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Banking:

Wells Fargo CEO Out Wells Fargo CEO Stumpf walks away with up to $137.1 million Warren skewers Wells Fargo over CEO retirement Warren goes on tirade after Wells Fargo CEO John Stumpf retires Former Wells Fargo CEO John Stumpf has no one to blame but himself for having to 'retire'
(DBN)

Wells Fargo: Where Were the Lawyers?
(DBN)

FDIC Seeks to Recoup $17M in Bank Collapse Trial
(DBN)

____________

Awards:

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

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Student Debt:

The ‘No-Brainer’ Fix To America’s Student Loan Mess
(DBN)

Student Loans: Don't Call It a Crisis
(DBN)

____________

Solar:

SunEdison Gets SEC Subpoena for Emails
(DBN)

____________


Economy:

Job openings unexpectedly fell in August U.S. job openings fall to eight-month low in August
(DBN)

Several Fed members think interest rates should rise 'relatively soon' Fed minutes: Hawks worry that delay in rate hike could cause recession A Fed Divided Against Itself
(DBN)

There has been a big shift in thinking at the Fed
(DBN)

America's Dazzling Tech Boom Has a Downside: Not Enough Jobs
(DBN)

How Hillary's plan to raise the estate tax could hurt small biz
(DBN)

Loan Issuance Surges in Q3 2016
(DBN)

All 50 states and DC, from least to most average
(DBN)

All this talk of “inner cities” is missing a bigger problem affecting the African-American middle class
(DBN)

Wal-Mart raises salaries by enough to beat new overtime rules
(DBN)

President Obama: We'll be debating unconditional free money 'over the next 10 or 20 years' A new survey highlights exactly why helicopter money will never work
(DBN)

Gov't Workers Quitting at a Historic Pace
(DBN)

Capitalism Behaving Badly
(DBN)

Who Else Doesn't Pay Taxes?
(DBN)

The economic outlook is gloomy, and this time the government can't help
(DBN)

America's working population is stagnating
(DBN)

Climate change could plunge tens of millions of city dwellers into poverty by 2031
(DBN)

Stop whining about your 9-to-5 job — workers want stability more than flexibility
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage applications down 6% as rising rates take a toll
(DBN)

Demographics are positive for home buying
(DBN)

The Fed has its eye on the 'new housing crisis'
(DBN)

Here are the most mortgaged metros in the U.S.
(DBN)

Fannie Mae to sell $1.39 billion in non-performing loans
(DBN)

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Municipalities:

Puerto Rico Court Rulings Favor Bondholders
(DBN)

How Puerto Rico's Oversight Board Can Emulate the Success of Others
(DBN)

Oklahoma's money woes continue, state income down 12.4 percent
(DBN)

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Oil/Gas:

OPEC tries to build momentum for global oil freeze OPEC oil output rises in September
(DBN)

OPEC is All Talk and No Action
(DBN)

Are OPEC members inflating output ahead of possible production cuts?
(DBN)

Oil Glut to Last Until Mid-2017
(DBN)

Investors May Be Betting Oil Glut Will End Soon, But Crude Traders Differ
(DBN)

Houston's boom is over
(DBN)

Oil Drillers Trapped in a High-Debt-No-Cash Vicious Circle
(DBN)

The Coming Oil Price Crash The Coming Oil Price Crash
(DBN)

SEC Says Breitburn Can Afford Shareholder Payout In Ch. 11
(DBN)

A potential OPEC deal has big oil worried about a shortage
(DBN)

Goodrich Petroleum Announces Emergence From Bankruptcy
(DBN)

Linn Energy Has New Deal With Creditors to Take Over Company
(DBN)

Interior Objects To Samson Ch. 11 Sales Over $137M Claim
(DBN)

Investors hunt for US oil and gas opportunities
(DBN)

____________

Politics:

What Elizabeth Warren really wants from Hillary Clinton
(DBN)

Trump's Puerto Rican Golfing Trip (That Ended In Bankruptcy ) Trump’s Atlantic City debacle: He racked up debts that no honest man could pay Trump's Casino Experience Demonstrates Job and Revenue Losses, According to Legal Scholar Trump Poll Disaster 'A poll showed Trump’s support in a key state plummet after tape scandal Party Of One': The New York Post sums up Donald Trump's future LeBron James rips Trump's 'locker room talk' excuse for lewd comments Donald Trump's empire is under siege as his glamorous image fades Things aren't looking great in the polls for Donald Trump Can a President Trump Keep His Business Intact? Former NBA player says what he thinks would have happened if someone spoke like Trump in the locker room Obama: Trump couldn't get a job at 7-Eleven 'Law & Order: SVU' is making an episode about a Donald Trump-like character Donald Trump's New Attack Strategy: Curb Clinton Vote Why Paul Ryan won't unendorse Donald Trump Trump: murder is at a 45-year high. Actual statistics: that’s not remotely true. A conservative scholar makes the case that Trump is the disruptive force America needs 29 celebrities who love and endorse Donald Trump GOP to Trump: Elections Aren't Rigged Trump to head to court in December for allegedly assaulting a 13-year-old girl: report Multiple women say Donald Trump made inappropriate sexual advances on them 'We’re going to turn him into Bill Cosby' In 1992 clip, Donald Trump reportedly jokes about a 10-year-old girl: 'I am going to be dating her in 10 years' Trump: 'This entire story is fiction' Putin Ally to US: Vote for Trump or Face Nuclear War Putin: We're Not Meddling in US Election
(DBN)

Emails Show Hillary Clinton Campaign's Response to Fallout What the WikiLeaks Emails Say About Clinton Clinton emails reveal needle-threading on trade The 6 Most Explosive New Wikileaks Revelations on Clinton Hillary Clinton's Campaign Knew She Didn't Tell The Truth About Bankruptcy Bill Vote New email suggests DNC chair had exact CNN town hall question in advance Here are all the major newspapers that have endorsed Hillary Clinton for president Investigator Claims ‘No Agent Working The Case’ Agreed With Comey’s Decision to Let Clinton Off Hook
(DBN)

How the US election map would look if just men voted
(DBN)

Trump tax plan adds trillions to country's debt; Clinton's trims deficits Trump Tax Plan Gives 47% Of Cuts To Richest 1%, New Analysis Finds Windfall: The Best Explanation Of Donald Trump's $916 Million Tax Loss
(DBN)

Curt Schilling Eyeing Sen. Elizabeth Warren 's Job
(DBN)

Russia no longer denies hacking DNC: 'Does it matter?'
(DBN)

No, the Republican Party Isn't Imploding For or Against Trump, GOP Fears Intensifying Civil War If He Loses
(DBN)

A Democratic sweep is a realistic possibility, conservative scholar says
(DBN)

____________

Coal:

Last Wyoming coal company in bankruptcy seeks extension on exit
(DBN)

Peabody Said to Grab Highest Met Coal Price in Four Years
(DBN)

____________

Celebs:

Ex-Billionaire Blixseth's Wife Ordered To Hand Over $9 Million In Hidden Assets Jury: Founder of posh Montana resort gave assets to wife
(DBN)

____________

Debt Collection:

FDPCA: If You Want to Collect Debts from a Consumer, You Better Know What You Are Doing
(DBN)

Court Holds Company Licensed as Debt Collector is Not a Debt Collector Under FDCPA if Servicing Debt Not in Default
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Avoidance Actions:

GT Advanced Technologies files hundreds more clawback lawsuits
(DBN)

Court Finds that Parents Convicted of Ponzi Scheme Received Value from Child's College Tuition Payments
(DBN)

____________

Proofs of Claim:

Supreme Court Agrees to Hear Debt-Collections Case Justices To Resolve Clash Over Stale Debt In Bankruptcy
(DBN)

Supreme Court’s Upcoming FDCPA Decision Also May Govern RICO Suits
(DBN)

____________

TBTF:

The New Plan to Bail Out 'Too-Big-to-Fail' Banks
(DBN)

Big U.S. Banks Plan To Bail Themselves Out
(DBN)

____________

Trustees:

Curtis “Cleve” Reding, Jr. Has Passed Away
(DBN)

Ch. 7 Trustee Sought In WD WA
(DBN)

____________

Class Actions:

Del. Bankruptcy Judge Axes Fresh & Easy Ch. 11 Class Waiver
(DBN)

____________

Shipping:

Mitsubishi Heavy To Scale Down Shipbuilding Operations
(DBN)

Daewoo Shipbuilding laying off 3000 employees
(DBN)

Korea Court to Get Final Bids for Hanjin Asset by Early November
(DBN)

Hanjin Shipping Asia-U.S. operations to be put up for sale as early as Friday
(DBN)

World Fuel Services Arrests Hanjin Ship in Korea
(DBN)

Preparing for the Next Unthinkable Sinking
(DBN)

American Shipping Company seeks refinancing of bonds
(DBN)

____________

Corporate Reform:

How the PHH Decision Could Limit CFPB's Enforcement Powers in Two Critical Ways
(DBN)

____________

Telecoms:

EY reaches settlement over long-running $7.3bn Nortel Networks Settlement Reached in Nortel Fight Over $7.3 Billion Nortel settles fight to divvy up $7.3 bln from liquidation $7bn in residual Nortel assets: but how much will pensioners get?
(DBN)

Sprint plans to Mortgage Airwaves to Raise $3.5B
(DBN)

____________

Prisons:

The prison industrial complex is bankrolling efforts to keep pot illegal
(DBN)

____________

UK:

The pound is back below $1.22 as the recovery runs out of steam
(DBN)

Positive Economic Signs Canýt Cut Through Brexit Fog
(DBN)

Bank Of England Official: Relax, Brexit doesn't mean the death of the City of London
(DBN)

David Davis's own advisor says Brexit is a 'dead weight' that carries a 'permanent cost' of 1.2% UK GDP
(DBN)

Creditors v Private Pension Holders – has UK bankruptcy law gone too soft?
(DBN)

Cannot Pay Creditor Invoices? Tips for Dealing with Pressure from Suppliers
(DBN)

Directors’ responsibilities when putting a company into liquidation
(DBN)

A session on cessions of debtors in business rescue
(DBN)

UK High Court judgment on ISDA Default Rate calculations in Lehman Waterfall IIC, and supplemental judgment on statutory interest and currency conversion claims in Waterfall IIA and IIB
(DBN)

____________

PIIGS:

The Big Reasons to Save This Small Italian Lender
(DBN)

Coeure Says Greece Needs Clarity on Debt to Regain Market Access
(DBN)

____________

Canada:

CHC takes first step out of bankruptcy with $450m debt rescue
(DBN)

____________

Poland:

Number of bankruptcies in 2016 will fall
(DBN)

____________

China:

More Chinese firms unveil debt swaps as Beijing struggles to reduce leverage
(DBN)

Why China’s banks may eventually need a nearly $2 trillion capital infusion
(DBN)

Chinese firms are moving rapidly to announce debt restructuring plans
(DBN)

Major Chinese state steel maker starts bankruptcy process after failed debt-to-equity attempt
(DBN)

____________

Germany:

Deutsche gets cautious vote of creditor confidence Germany Pressures Deutsche Bank to Speed Overhaul
(DBN)

____________

Brazil:

KKR Said to Write Off First Brazil Deal Amid Aceco Legal Battles
(DBN)

____________

Nigeria:

Nigeria’s insolvency law and arbitration – like oil and water?
(DBN)

____________

Austria:

Bad Banks, Bail-ins, and the Importance of Following Plans
(DBN)

____________

South Korea:

Toshiba's S.Korea unit to commence bankruptcy proceeding
(DBN)

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