April 27, 2017

The Daily Bankruptcy News

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Law:

Is This Firm A Threat To Biglaw?
(DBN)

Freshfields Hires Leading US Bankruptcy Team In NY Freshfields ramps up US offering with hire of three-partner New York bankruptcy team
(DBN)

Trump’s tax plan largesse extends to lawyers
(DBN)

Law firm's docs are private, NYC Bar association says
(DBN)

Managing law partner owes secretary $140,000 in overtime and backpay, atty says at trial opening
(DBN)

Lawyer accused of billing over 24 hours in a day suspended; but official said others were worse
(DBN)

New York’s February Bar Exam Results Are Lookin’ Good Thanks To The UBE
(DBN)

The Top 3 Reasons You Failed The Uniform Bar Exam (UBE)
(DBN)

Teetering Charlotte Law School Seeks to Toss Class Actions
(DBN)

Muller: Visualizing Law School Employment Outcomes In California, Illinois, New York, And Texas
(DBN)

Emory Law School Oversells Gala, Forcing Bill Clinton To Hang Out In Gym
(DBN)

Pepper Hamilton Defections Mount as Akin Gump Adds Partner
(DBN)

Biglaw Firms Offer Second-Class Benefits To Staff
(DBN)

Holy Moly! An ‘Incestuous’ Law Firm Merger For Foley?
(DBN)

Do Women Really Choose the Pink Ghetto?
(DBN)

FDCPA Ban on Deceptive Collections Practices Extends to Conduct by Lawyers in Court
(DBN)

This simple email mistake could make everyone in your office hate you
(DBN)

When a judge quotes Sean Spicer, it’s not a good sign for the White House
(DBN)

Atty shouldn't have taken on client looking to sue his other, bigger client even for one day, judge says
(DBN)

Trump criticizes ‘ridiculous’ ruling blocking his sanctuary cities order Trump’s Loose Lips (Again) Sunk His Sanctuary City Executive Order
(DBN)

Trump Now Moving to Replace US Attorneys
(DBN)

Missing the Whole Point About Ann Coulter
(DBN)

Aaron Hernandez Asked for Rumored Prison Lover as Cell Mate, Report Says
(DBN)

Between Trump and his Justice Department lawyers, a vast disconnect
(DBN)

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Judges:

BK MD FL: April 2017 Court Connection Newsletter
(DBN)

Judge claims he can’t work in traffic court because of car wash investment
(DBN)

Trump Is Whining About the 9th Circuit's Overturn Rate, But the Most-Overturned Circuits Are in Trump Country
(DBN)

Trump says he's 'absolutely' considering breaking up the 9th Circuit Court of Appeals
(DBN)

Judge charged with mortgage fraud removed from bench
(DBN)

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Wall Street:

U.S. stock futures in holding pattern ahead of earnings deluge
(DBN)

Stock market takes Trump tax plan in stride Stocks fail to hold gains, close mostly lower after White House releases tax plan
(DBN)

What ‘Trump rally’? US stocks are actually huge laggards this year
(DBN)

Trump’s tax plan sets the stage for Dow 30,000
(DBN)

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Layoffs:

ESPN is laying off 100 employees, including some of its biggest names
(DBN)

Amid state budget cuts, East Mississippi State Hospital cuts 74 jobs
(DBN)

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Politics:

A New York hotel deal shows how some public pension funds help to enrich Trump John Kasich: Here's what surprised me about Trump's first 100 days Even Rush Limbaugh thinks Trump will just “cave” on his border wall Trump calls national monuments a ‘massive federal land grab’ Trump Administration Sends Mixed Messages on Monuments Review Trump Orders Review of 1906 Monument Law to Help Oil, Mining Mnuchin: Trump has 'no intention' of releasing his tax returns The White House's all-hands briefing on North Korea sounded like it was a disorganized mess Trump remains the least-popular president in history ahead of his 100-day milestone
(DBN)

Ivanka Trump’s Clothing Line Is Made in a Chinese Factory Where Workers Earn $1 an Hour
(DBN)

Fox News' Jesse Watters takes abrupt vacation after controversial remarks about Ivanka Trump
(DBN)

Trump Says He Has Been Treated Very Unfairly by People Who Wrote Constitution :)
(DBN)

The Flynn Story Isn't Going Away Did Flynn commit a crime? 'No question' says Dem congressman Former Army colonel: Michael Flynn is either 'one of the dumbest individuals who ever lived' or had some 'nefarious purposes' Carl Bernstein: Flynn is 'central to what FBI believes is cover-up' The White House's decision-making on Michael Flynn is troubling Even White House insiders ‘don’t dispute Flynn is in deep, deep trouble’ ‘It boggles the imagination’: Morning Joe ridicules Spicer’s excuse for not producing Flynn records
(DBN)

Elizabeth Warren on Coulter: 'Let her speak'
(DBN)

John Kasich unloads on 'horrific' gerrymandering
(DBN)

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Education:

DC Circuit Rejects CFPB Subpoena Targeting Corinthian College Accreditor
(DBN)

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Shipping:

What lies ahead for Daewoo Shipbuilding
(DBN)

Shippers unsettled by rising protectionism
(DBN)

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Debt Collection:

Trump can help forgotten Americans with a change to the tax code that would help relieve debt
(DBN)

Recapping crucial debt collection case before Supreme Court
(DBN)

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Personal Finance:

'What's your salary?' becomes a no-no in job interviews
(DBN)

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Museums:

New Museum of Failure
(DBN)

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Economy:

JPMorgan says the economy barely grew in the first quarter
(DBN)

Philly Fed: State Coincident Indexes increased in 45 states in March
(DBN)

The Trump and Trudeau offices released 2 very different readouts of a tense-sounding call amid a mounting trade dispute Canada Optimistic About Resolving Lumber Dispute With U.S. Trump needs a win and Canada is an easy target
(DBN)

Top Mexican official calls US border wall a 'hostile' act Border wall talk leads top Mexican official to float American entry fee Mexico Talks Tough on Trump Before Talks
(DBN)

Trump considers order that would start process of withdrawing from NAFTA Trump tells Canada and Mexico he won't terminate NAFTA treaty
(DBN)

Here's how much each US state relies on foreign trade
(DBN)

Trump is Out on Taxing Imports
(DBN)

Lumber, NAFTA and Mexico Signal Long Canada-U.S. Trade Spat
(DBN)

For young Americans, growing up isn’t what it used to be
(DBN)

Commerce Secretary Ross to announce plan to probe imported aluminum: Source
(DBN)

Small businesses see 'mixed bag' from Trump so far — but they're hopeful
(DBN)

Trump Gets Highest Rating for Keeping Manufacturing in US
(DBN)

Retail stocks move higher after Mnuchin shoots down controversial tax proposal
(DBN)

Dimon: 'Too many people are not getting a fair shot at getting ahead'
(DBN)

Republican economists are still pushing a tragically tired line about growing the economy
(DBN)

Trump’s dramatic tax overhaul calls for sharply lower rates for individuals, businesses What the tax proposal means for the rich, for the world and for you Trump, in new tax plan, promises to do what Reagan couldn’t Trump to unveil tax reform, cut plan Trump is about to use a budget trick to steal from an entire generation Trump is calling for the repeal of a tax that once cost him $31 million If Trump changes your taxes, here are the deductions and breaks that could go away Trump rushes out a tax plan based on a deception Trump tax cut sounds great but markets are skeptical it would send interest rates flying Here's the biggest problem with Trump's tax plan Trump tax plan heavy on promises, light on details Trump team rolls out 'really big' tax cut package, but Congress is wary Trump to Propose Giant, Unfunded Tax Cut For Himself Trump tax plan would sock N.J. by killing property tax deduction 8 sentences that cast some serious shade on Trump’s tax cut plan GOP Lawmakers Praise Trump Tax Outline Despite Differences Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans Here’s One Major Hurdle Facing Trump’s Tax Plan Hedge funds are celebrating Trump's tax plan How Will Trump Tax Reform Be Paid For? U.S. Can Afford Trump's Radical Tax Cut Here are the tax breaks Trump's plan would eliminate Here's what was missing from Trump's tax plan that Wall Street really wanted Trump Tax Plan Is a Trail of Broken Promises
(DBN)

European stocks are giving a collective thumbs down to Trump's tax plan
(DBN)

Congress scrambles to wrap up deal averting government shutdown
(DBN)

How America's Middle Class Compares to Europe's Are you middle class in Western Europe?
(DBN)

Cashless society getting closer, survey finds
(DBN)

Mapped: The World’s Dependency on the Travel Industry
(DBN)

Ellison, Democrats reintroduce $15 minimum wage bill
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Prices
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate declined in March, Lowest since May 2008
(DBN)

Homebuyer demand suddenly falling off as inventory keeps shrinking
(DBN)

More Homeowners Pay for Repairs With Credit Cards
(DBN)

Fannie Mae Introduces New Rules To Allow Student-Debt-Laden Millennials To Buy A Home
(DBN)

Foreclosure hell: Sacramento judge says Bank of America stalked and bullied family into losing home
(DBN)

Chicago: Creditor seeks trustee in bankruptcy case
(DBN)

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Municipalities:

Puerto Ricans Are Americans -- Don't Push Them Off A Fiscal Cliff
(DBN)

Board Tells Congress They Are Here to Seek the Bondholder’s Money, But There Is None Left
(DBN)

Healthcare battle may delay Title III bankruptcy for Puerto Rico
(DBN)

Puerto Rico's creditors push Congress to stop bankruptcy process
(DBN)

Congress Must Step in to Fix Puerto Rico's Medicaid Crisis
(DBN)

Antioch will face bankruptcy if half-cent sales tax expires
(DBN)

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Oil/Gas:

Weds.: Oil prices fall on oversupply
(DBN)

Oil spikes as inventories post their biggest drop of the year U.S. crude inventories fall, products build as refining jumps: EIA
(DBN)

President Plans to Unleash a Wave of Oil and Gas Drilling
(DBN)

An Overview Of Bankrupt Energy Companies
(DBN)

Even Big Oil Says Electric Car Boom is Coming
(DBN)

Cook Inlet gas producer in bankruptcy court offers to sell producing wells, other assets
(DBN)

Will Trump Spark An Offshore Drilling Boom?
(DBN)

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Distressed Investing:

Goldman Distressed-Debt Trader Zhang Said to Depart for RBC
(DBN)

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Autos:

Takata seen turning over air bag, other ops to new company
(DBN)

Takata says it is in talks with KSS on restructuring
(DBN)

Airbag maker Takata shares plunge nearly 20% on bankruptcy report Takata Shares Suspended After Report of a Bankruptcy Plan
(DBN)

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Media:

Lawyer Makes Bizarre Comparison at Gawker Hearing
(DBN)

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Travel:

United Takes Added Steps to Win Back Customers and Avoid More Ugly Events United will now offer up to $10,000 for passengers who give up their seat 10 things United is doing to avoid another dust-up
(DBN)

American Airlines offering raises of up to 8 percent for pilots, flight attendants
(DBN)

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Solar:

Bankrupt U.S. solar company seeks new tariffs on cheap imports
(DBN)

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Student Debt:

A student loan giant is the most complained-about financial company in America
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Altman Z Score Useless? Here's Why I'm Still Using It
(DBN)

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Chapter 13:

Massachusetts Bankruptcy Court Confirms that Chapter 13 Debtors May “Strip Off” Second Mortgages
(DBN)

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Marijuana:

UST Issues Letter to Trustees on Marijuana-Related Bankruptcy Cases
(DBN)

Marijuana sales are booming in Colorado as customers fear a federal crackdown
(DBN)

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Mootness:

Corinne Ball : Mootness Protections May No Longer Preclude Review or Protect Counsel
(DBN)

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Avoidance Actions:

Legislature may shield charities from Petters clawback efforts
(DBN)

Walrath Opinion on Avoidance Actions – Motion for Summary Judgment: Denied
(DBN)

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Due Process:

SCOTUS Denies Cert for GM in the Ignition Switch Cases – Due Process in Bankruptcy Gets Rebooted to Some Degree
(DBN)

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Insiders:

Supreme Court Grants Cert on, of all Things, the Standard of Review for Determining Non-Statutory Insider Status
(DBN)

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Healthcare:

Freedom Caucus endorses latest Republican plan to revise Obamacare If moderate Republicans flip on the health bill, they will regret it
(DBN)

House Speaker Ryan Says Spending Bill Excludes Payments to Health Insurers Trump Administration Says It Will Continue Insurer Payments, for Now
(DBN)

House Republicans are trying to bring down Obamacare — but keep benefits for themselves
(DBN)

Republicans have another plan to take down Obamacare
(DBN)

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Retailing:

The Hedge Fund Manager Who's Shorting America's Malls
(DBN)

Retail Stores Are Dying And We Should Let Them
(DBN)

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Fraud:

The Nomura VP Accused Of Insider Trading Really Made It Easy On The SEC
(DBN)

SEC, Delaware accuse mortgage loan officer of running Ponzi scheme
(DBN)

JPMorgan sheds claims it aided Bernie Madoff at 2nd Circ
(DBN)

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Corporate Reform:

Republicans launch effort to roll back the Dodd-Frank banking regulations
(DBN)

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Metals:

Chippewa wins bid to rescue Essar
(DBN)

Virginia billionaire and partners win bankruptcy auction for ex-Essar assets
(DBN)

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Nuclear:

This Chinese Nuclear Plant's Success Is Critical to Westinghouse's Future Future of Westinghouse may hinge on fate of its new Shanghai reactor
(DBN)

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UK:

Personal insolvency up nearly 20% but corporate insolvency falls
(DBN)

People made more than 3 million complaints to the UK's finance watchdog in just 6 months
(DBN)

British football clubs raided in 'tax fraud' investigation
(DBN)

Deutsche Bank May Move Thousands Out of UK
(DBN)

Angela Merkel: Britain has 'illusions' about how easy Brexit will be
(DBN)

Mixed picture for corporate and personal insolvencies
(DBN)

Charity calls for more support for debt-ridden Scots as numbers seeking their help soar Scottish Insolvency Statistics: January to March 2017 (2016-17 Quarter 4) R3 comments on the Scottish insolvency statistics for 2016-17
(DBN)

Firm which supplied workers to Sports Direct is facing insolvency
(DBN)

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EU:

EU Eyes Taxpayer Cash to Help Ailing Banks Offload Bad Loans
(DBN)

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PIIGS:

No state rescue on the cards for Alitalia Italy seeks Alitalia sale, rules out rescue Italy to Keep Alitalia Flying as It Looks for a Buyer Alitalia is bankrupt again. This time perhaps it’s terminal
(DBN)

Top euro officials eye May agreement on Greek loans Gov't expects deal at staff level next week
(DBN)

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Canada:

Alberta Court of Appeal upholds decision on Redwater bankruptcy
(DBN)

Canada Retail Sales Drop 0.6% in February
(DBN)

Canada's housing watchdog warns of 'problematic conditions' Everyone is worried about how Canada's housing bubble is going to end
(DBN)

The 'jingle mail' that marked the US housing crisis could be coming to Canada
(DBN)

Stelco creditors look to Bedrock takeover with vote on restructuring
(DBN)

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France:

Restructuring Alert
(DBN)

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Australia:

Not Easy Being Green: Insolvency Practitioners Face Personal Liability For Environmental Obligations.
(DBN)

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Japan:

It took Toshiba 70 years to reach its peak—and just a decade to fall into an abyss
(DBN)

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