October 14, 2016

The Daily Bankruptcy News

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Law:

From The Obvious Files: Male Biglaw Partners Make More Than Female Ones Pay Disparity: Cronyism or Just Plain Sex Discrimination?
(DBN)

Partner's Pay Bias Suit Likely Headed to Arbitration
(DBN)

Ex-Chadbourne Partner Seeks to Join Campbell's Gender Bias Suit
(DBN)

What Actually Is Work-Life Balance?
(DBN)

What To Do If You Are Too Busy
(DBN)

Skadden Looks To Ditch $35M Creditor Malpractice Fight
(DBN)

Almost 70% of lawyers believe they work in the most stressful profession
(DBN)

What Firm Is Working Its London Associates The Hardest?
(DBN)

Dean Of Most Prestigious Law School In America To Step Down
(DBN)

Using Dictation And Voice Control To Get Things Done
(DBN)

Robo-interviews are on the rise
(DBN)

Tech comes naturally to ‘digital native’ millennials? That’s a myth
(DBN)

Wendi Adelson's Attorney Questions Credibility Of Hit Man's Statement Implicating Ex-Wife In Dan Markel's Murder
(DBN)

The worst body language mistake you can make has to do with your eyes
(DBN)

13 ways to get better at small talk
(DBN)

When it's OK to use exclamation points in emails
(DBN)

A former FBI agent recommends a simple 3-step exercise to beat anxiety
(DBN)

Firm suspends associate over filthy twitter outrage
(DBN)

Are lawsuits using fake defendants to get material removed from websites?
(DBN)

Dropbox's Big iOS Update
(DBN)

How to fix threaded emails in Mail on iOS 10
(DBN)

Gov. Chris Christie Faces Criminal Summons for 2013 NJ Traffic Plot Bridgegate Witness Calls Out Cover-Up 'Lie' Trump Campaign Aide, Like Christie, Looms Over Bridge Trial
(DBN)

911 Operator Hangs up on 1000s of Calls
(DBN)

Federal Judge Lifts Injunction To Allow The Twirling and Killing Of Chickens To Take Away Sins During Yom Kippur
(DBN)

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Judges:

Ginsburg: Senate Should Confirm Merrick
(DBN)

Colin Kaepernick Says Justice Ruth Bader Ginsburg Is ‘Disappointing’
(DBN)

Murder conviction is overturned because of judge’s plumber remarks
(DBN)

Lawyer Ditches Big Law for Blowholes
(DBN)

Judge Leaves Bench, Removes Robe To Subdue Defendant 'Tase His A--!': Judge Gets Physical In Courtroom Brawl
(DBN)

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Wall Street:

U.S. stock futures rise, on pace to trim weekly loss
(DBN)

Stocks slash earlier losses, hold nearly flat after oil rises
(DBN)

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Layoffs:

Timing Is Everything: Bankruptcy Court Considers Timing Issues Relating to When WARN Act Claims May Be Eligible for Treatment as Administrative Expense Claims
(DBN)

HP hints it will move some full-time employees to jobs at contract agencies HP workers brace for 4,000 more job cuts over the next 3 years
(DBN)

Cook County Hospital Network -200 Layoff Notices
(DBN)

No More Humans: Foxconn Deploys 40,000 Robots, Cuts 60,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Stumpf quitting doesn't end headaches for Wells — or for other banks
(DBN)

A Wells Fargo whistleblower warned about fake accounts in 2011 — nobody from the government ever spoke with her
(DBN)

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Avoidance Actions:

Tax Upset Sale Held Not To Be Constructive Fraudulent Transfer
(DBN)

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Corporate Governance:

California Bankruptcy Court Clarifies Officer and Director Duties to Creditors of Insolvent Company
(DBN)

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Structured Dismissal:

Texas Bankruptcy Court Holds That Structured Dismissal Is Authorized by the Bankruptcy Code When Creditor Recovery Is Maximized by Limiting Administrative Claims, and the Terms of the Dismissal Provide Fair and Equitable Treatment to Creditors
(DBN)

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Bankruptcy Remoteness:

Pre-petition Bankruptcy Waivers by Another Name: Court Refuses to Dismiss Case Filed Without Vote of Creditor's Golden Share
(DBN)

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Conversion:

First Circuit Declines to Overturn Chapter 7 Conversion, Noting Lower Courts' Broad Discretion
(DBN)

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Shipping:

Hanjin Bankruptcy Hits West Coast Ports Hanjin Bankruptcy Dampens Port Volumes
(DBN)

Korean gov't to go all-out to save DSME and prevent its insolvency
(DBN)

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Healthcare:

'The Affordable Care Act is no longer affordable'
(DBN)

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Ethanol:

Shell May Snag 95% Discount on Next-Generation Ethanol Plant
(DBN)

Bankrupt ethanol firm in tax tiff with state
(DBN)

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Economy:

Wilbur Ross: U.S. Recession Likely in Next 18 Months
(DBN)

The next recession will end capitalism as we know it
(DBN)

Why Fiscal Stimulus Won't Happen Again
(DBN)

Job Openings and Labor Turnover Survey Since 2001
(DBN)

The US Treasury is clamping down on complex tax deals
(DBN)

A Child Born Today Comes Into the World With More Debt Than You
(DBN)

U.S. Consumer Debt Stings as Delinquency Chances Increase: Chart
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Renters in Manhattan are pushing back against exorbitant prices
(DBN)

7 things to know before buying a foreclosed home
(DBN)

A $1 million bet: The anatomy of a high-end house flip
(DBN)

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Municipalities:

Split Sixth Circuit Dismisses Appeal from Detroit’s Confirmed Plan
(DBN)

2 out of 3 people in Detroit have debt in collections
(DBN)

Three fixes to repair Illinois' money woes
(DBN)

San Bernardino leaders clash in debate over replacing city charter
(DBN)

California Cities Seek Record Tax Hikes as Boom Passes By
(DBN)

Puerto Rico Gubernatorial Candidate Seeking to Pay Bond Interest
(DBN)

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Oil/Gas:

135 Energy Companies Are Near Bankruptcy
(DBN)

Goodrich Petroleum climbs out of bankruptcy
(DBN)

Oil traders increase risky lending even as some deals go bad
(DBN)

Oil stockpiles build after five weeks
(DBN)

The Truth About Permian Shale Break-Even Prices
(DBN)

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Telecoms:

After seven years and US$2 billion in fees, Nortel settles case to divvy up $7.3 billion from its liquidation Deal means former Nortel employees and pensioners closer to getting paid
(DBN)

U.S. government pension insurer opposes Nortel settlement US Pension Insurer Balks At $7.3B Nortel Allocation Deal
(DBN)

Samsung: Note 7 debacle will cost $3 billion in lost sales
(DBN)

Sprint’s ‘Hail Mary’ Financing Buys More Time for Turnaround
(DBN)

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Politics:

Trump's campaign woes were already spilling over into his businesses Big Donors to RNC: Cut Ties to Trump Now Lawyers trade snarky letters over Trump suit threat; expert deems Trump ‘pretty much libel-proof’ Donald Trump’s Biglaw Firm Threatens To Sue New York Times Over Publication Of Sexual Assault Allegations New York Times To Donald Trump: Come At Me, Bro 'We welcome the opportunity' for courtroom battle: NYT dismisses Trump threat Gibson Dunn's Boutrous: Trump's NYT Threat Is a 'Stunt' Don’t Fear Trump’s Lawsuits. He’ll Keep Losing. Stephen Bollenbach, Who Spared Donald Trump From Personal Bankruptcy, Dies at 74 Trump denies each of the sexual misconduct accusations leveled this week Clinton's Accusers Telling the Truth, but Trump's Accusers are All Liars? Trump’s next claim: Mexican billionaire Carlos Slim was behind the ‘groping’ storm Mark Cuban: There's a 'stigma' attached to Trump's brand. It's 'done' Donald Trump Jr. on lewd 2005 tape: 'I've had conversations like that with plenty of people' Curt Schilling baffles news anchor by defending Donald Trump's odd remarks about a young girl Michelle Obama: Trump tape has 'shaken me to my core' Outraged Michelle Obama assails Trump in 'one of the most powerful' speeches of the campaign How the vulgar Donald Trump tape from 2005 was discovered at NBC and leaked to the public Donald Trump barred campaign from researching his past: Report Kasich On Trump: 'I don't have any more words' Why Republicans are Re-Endorsing Trump Win or Lose, Trump is Not Going Away
(DBN)

Hillary Clinton said at least 21 times that she can't recall specifics regarding using a private email server Trump 'makes you want to unplug the internet or just look at cat GIFs' Emails: Clinton Privately Praises Wal-Mart Rudy Apologizes to Clinton Over 9/11 Mistake FBI Official: Most Wanted Hillary Charged 4 Juiciest Leaked Podesta Emails Clinton Backed Puerto Rico Debt Relief Bill After Lobbyist Donor's Email
(DBN)

Polls show razor-thin race in 2 of the biggest battleground states
(DBN)

Landslide?
(DBN)

Wilbur Ross Says Trump Plans Higher Carried-Interest Taxes
(DBN)

It’s Official: This Election Is Driving Americans Nuts
(DBN)

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Discharge:

Ninth Circuit Holds That Defalcation Requires More Than a Contingent Partnership Agreement
(DBN)

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Jurisdiction:

Does "No-Asset" Mean No Jurisdiction? Bankruptcy Court Considers Jurisdiction in Adjudicating Claims in No-Asset Chapter 7 Case
(DBN)

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Make-Whole:

Further Clarity in Analyzing "Make-Whole" Provisions (or Not). Is It Simply a Matter of Contract Interpretation?
(DBN)

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Intercreditor:

Pre-petition Restructuring Did Not Alter Senior Lenders' Rights Under an Intercreditor Agreement
(DBN)

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Music:

Former CEO Robert Sillerman denied a staggering $15 million+ by SFX
(DBN)

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Resorts:

Bankrupt timeshare firm owes $120M in deposits it can't pay back
(DBN)

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Corporate Reform:

Court Wrong on Consumer Protection Bureau
(DBN)

Little-Discussed Aspect of CFPB Ruling Could Be Boon to Lawyers
(DBN)

Ironic Observation of the Day, CFPB Edition
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Q3 bankruptcy filings drop 6%
(DBN)

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Proofs of Claim:

Supreme Court Takes On Chapter 13 Bankruptcy Mess Created by FDCPA Ruling
(DBN)

Class Certification and Proofs of Claim; a Measure of Case Efficiency
(DBN)

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Reclamation:

Delaware and New York at Odds over Reclamation Claims
(DBN)

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Sales:

Second Circuit Sets Out Standard for Determining Scope of Free and Clear Provision in Sale Order Under Section 363(F)
(DBN)

Trustee Fails to Meet Burden of Showing That Proposed Sale of Assets Complies with Section 363(F) of the Bankruptcy Code
(DBN)

Preserving a Fundamental Bankruptcy Tool
(DBN)

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Involuntary Bankruptcy:

Good Faith Filing Requirement Alive and Well in Involuntary Bankruptcy Cases
(DBN)

Petitioning Creditors Beware: Bankruptcy Code Does Not Preempt State Law Claims of Non-Debtors
(DBN)

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Subordination:

Unpaid Compensation Payable Exclusively in Stock Constitutes Equity, Not an Unsecured Claim
(DBN)

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Limitations:

Breach of Fiduciary Duty Claims Are Not Time-Barred Due to Lender's Knowledge
(DBN)

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Mediation:

How the Mediation Profession Began: from Chief Justice Warren E. Burger, 1984 (Part 1 of 2)
(DBN)

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Arbitration:

Second Circuit Bars Arbitration of Claim Subordination Dispute
(DBN)

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Personal Bankruptcy:

Chapter 20 Fails on Bad Faith
(DBN)

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Autos:

Auto Parts Maker Gets More Time For Ch. 11 Plan Action
(DBN)

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Skiing:

Homeowners avert Tamarack ski-lift auction, will operate resort
(DBN)

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Agriculture:

15 more Turner 'clawback' suits filed
(DBN)

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Debt Collection:

FDCPA Case Law Review for September 2016
(DBN)

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Turnarounds:

How handing out $500 checks to 448 employees helped keep one company from going under
(DBN)

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Coal:

After emerging from bankruptcy , Alpha Resources sells mine
(DBN)

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UK:

OKD a.s Insolvency Proceedings: New World Resources’ International Investors appeal to Czech Court
(DBN)

Hard Brexit heightens insolvency risk, says report
(DBN)

Like the US, Britain is Deeply Divided
(DBN)

Brexit: US Banks Plan London Exodus
(DBN)

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PIIGS:

Centuries-Old Spanish Tapestry Factory Saved From Bankruptcy
(DBN)

Opening SYRIZA conference, Tsipras takes hard line on debt
(DBN)

The IMF should stay in the Greek rescue squad
(DBN)

____________

China:

Chinese property owners are going to have have a rude awakening
(DBN)

China Builder Debt Risks Rise on Double-Blow From Regulators
(DBN)

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Singapore:

Singapore economy shrinks 4.1% in third quarter Businesses gear up for more tumultuous times
(DBN)

Singapore debt restructuring hurdle flagged by Pacific Andes
(DBN)

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Brazil:

Brazil's telecom watchdog raises fine value in Oi's bankruptcy
(DBN)

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