April 28, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Am Law 100 rankings show growth, as well as growing divide between megafirms and large firms The 2017 Am Law 100: A Turning Point For Biglaw? Five Takeaways From This Year’s AmLaw 100 Report
(DBN)

For Big Law Partners, a Trump Tax Giveaway?
(DBN)

Rethinking rewards: What BigLaw can do about pay
(DBN)

Ex-Fisher Phillips partner charged with murder of his wife Atlanta Attorney Indicted on Murder Charge in Wife's Death
(DBN)

Work-at-home law firm attracts BigLaw refugees
(DBN)

Still no federal loans for Charlotte School of Law students; state AG opens civil investigation
(DBN)

Law School Graduates Would Rather Die Than Fail The Bar Exam
(DBN)

Embattled Law School Blames ABA, Education Department, Students For Its Legal Problems
(DBN)

In-House: I Can’t Be Bought For Some Cigars — But For A Vacation To Bermuda…
(DBN)

Power Niche Marketing: 6 More Things Not To Do
(DBN)

Law Firm Marketing: How To Test Your Marketing Campaigns
(DBN)

A fraud expert reveals 4 body language 'hotspots' that show if someone is lying
(DBN)

Why the price of publicly-listed law firm's shares is sinking again
(DBN)

United Airlines settles with doctor dragged from flight
(DBN)

Trump’s former national security adviser faces investigation from Defense Department IG
(DBN)

Difficult legal path forward for Trump in sanctuary cities case
(DBN)

Legal recruiters in court over "thief" and "tosser" slurs
(DBN)

Former S&G lawyer struck off after stealing over $1.8 million
(DBN)

Couple Arrested After Filming Their Laughing As They Killed PTSD Service Dog
(DBN)

Hairdresser won legal battle using skills she got watching TV
(DBN)

Durst Trial: Victim Has Damaging Secret
(DBN)

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Judges:

Suspended Alabama Supreme Court Chief Justice Moore announces US Senate run
(DBN)

Following precedent, Trump hopes to schedule a dinner with the Supreme Court’s justices
(DBN)

Supreme Court rips Trump administration attorney for suggesting someone can lose citizenship for lying
(DBN)

A Free Law Project To Make Judicial Opinions Available to Public
(DBN)

Federal Judge Shakes Off Import Of President Trump’s Anti-Judiciary Tweets
(DBN)

How Trump Should Handle Liberal Judges
(DBN)

Trump’s Losing Streak in Courts Is Traceable to Conservative Judges
(DBN)

The Roberts Court, 2017 Edition
(DBN)

Invigorated Justice Ginsburg Says 'I Love My Job'
(DBN)

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Wall Street:

U.S. stocks face a muted start, even as Amazon, Alphabet get set to roar
(DBN)

World stocks pause near record highs
(DBN)

Stocks close mostly higher
(DBN)

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Layoffs:

Americans' Fears of Being Laid Off at Record Low
(DBN)

Tillerson Wants State Dept. Workforce Cut 9%
(DBN)

A closer look at the ESPN layoffs
(DBN)

Medica slashes 110 jobs
(DBN)

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Rail:

The busiest commuter railway in the US is falling apart Amtrak To Undergo 'Major' Repair Work At Penn Station
(DBN)

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Autos:

Ford first quarter profits fall 35% to $1.6B
(DBN)

US Car Sales Likely to Drop
(DBN)

Bankruptcy court judge OKs fees to retrieve 'Dusty' cars
(DBN)

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Food/Beverage:

As the American middle class shrinks, Starbucks sees Ferguson store as a blueprint for the future
(DBN)

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Politics:

Top Pentagon watchdog launches investigation into money that Michael Flynn received from foreign groups Top Democratic senator: There is 'powerful' evidence that Flynn 'broke significant criminal laws' Pentagon reportedly warned Flynn over foreign payments Cummings: White House 'covering up' for Flynn Michael Flynn was warned about taking foreign payments and never properly disclosed them The House Intel Committee has reportedly agreed on a blockbuster witness list for its Trump-Russia probe Spicer Blames Obama for Mike Flynn Problem Flynn's String of Gaffes Don't Add Up to Treason
(DBN)

Lewandowski's firm appears to offer Trump meetings
(DBN)

Trump has reportedly huddled with Matt Drudge in the Oval Office
(DBN)

Justice Ivanka? How 'The Simpsons' swiftly turned around a timely 'Trump's first 100 days' spoof.
(DBN)

Trump's Great Patriotic Purge
(DBN)

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Coal:

GOP-Backed Measure Would Let Coal Companies Transfer Cost Of Sick Miners To U.S. Taxpayers
(DBN)

Master's Thesis on Patriot Coal Bankruptcy
(DBN)

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Agriculture:

Town sees a change of fortune after Gold Digger bankruptcy
(DBN)

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Aviation:

National Air Cargo Creditors Push to Oust Leader
(DBN)

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Telecoms:

Federal judge orders bankrupt firm to keep operating state broadband network, for now
(DBN)

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Engineering:

FBI agents occupy engineering firm’s offices in Houston, elsewhere Laredo mayor calls FBI raids 'embarrassing'
(DBN)

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Corporate Reform:

House aims to rewrite consumer safeguards
(DBN)

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Student Debt:

New York lawmaker looks to crack down on student loan companies
(DBN)

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Rail:

The Human Cost of Losing Amtrak
(DBN)

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Economy:

Durable goods orders rise less than expected in March US durable goods orders rose 0.7% in March vs. 1.2% increase expected Durable - goods orders rise in March to mark third gain in a row
(DBN)

US weekly jobless claims total 257,000 vs 242,000 estimate Jobless claims jump to one-month high
(DBN)

40% of Americans spend up to half of their income servicing debt
(DBN)

Consumers Show Signs of Frailty
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Expanded at Slow Pace" in April
(DBN)

CEOs Salivate Over Trump's Tax-Cut Plans, Vague as They May Be Treasury Secretary Mnuchin: The 'objective' of Trump's plan is a middle class tax cut, but 'I can't guarantee it' Failing the 'Mnuchin Test' The Trump administration says it’s not pushing a tax cut for the rich. They almost certainly are. White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy Trump's tax plan is a bold step toward draining the swamp Trump’s new, one-page tax plan is the same as his old, one-page tax plan FactCheck: Trump Tax Cut Biggest in History? Trump tax plan to trigger lobbying frenzy The Trump plan: Every bad tax idea, in one place There's a dirty little secret behind Trump's plan to scrap the estate tax Economists Fear Trump's Tax Plan Only Heightens a 'Mountain of Debt' Donald Trump, Tax Cuts for the Rich Won’t Boost the Economy Donald Trump’s Tax Plan Would Turn the Whole U.S. Into Kansas Larry Summers: Trump Tax Plan is Absurd Many in California Would Lose Biggest Deduction Trump's Tax Proposal Is Just a Symptom of the Disease Bond Vigilantes Lie In Wait for Trump's Debt-Swelling Tax Plan Time to Think Twice About Those Tax Cuts and the Deficit 4 reasons Trump’s tax plan is a tougher sell than Trumpcare Next Tax Battle: Trump's Bid to Ax a Favorite Blue State Deduction
(DBN)

Trump says he won't 'give billions' to Democrats in Obamacare funding to avoid a government shutdown Trump goes on raging tweetstorm against Democrats over negotiations to avoid a government shutdown 'If there's a shutdown, there's a shutdown,' Trump says
(DBN)

Did Trump just take an ax to the US trade relationship with Canada? Trump’s tough stance on Canada ‘boils down to political theatre’ In Canadian lumber town, real fears over a trade war with Trump
(DBN)

GOP Told Trump to Hold Up on Ending NAFTA ‘I was all set to terminate’: Inside Trump’s sudden shift on NAFTA Trump says he reversed major NAFTA decision after pleas from Mexico, Canada Trump says was 'psyched to terminate NAFTA' but reconsidered Trump Makes a Lot of Noise on NAFTA: Is This the Art of the Deal?
(DBN)

Trump vows to fix or scrap South Korea trade deal, wants missile system payment South Korea says no change to its position that U.S. pays for THAAD
(DBN)

Building a Wall Out of Sync With American Public Opinion House Shows Enthusiasm for Border-Wall Alternatives
(DBN)

Trump's Tariffs Won't Work
(DBN)

These 9 cities have the world's highest proportion of millionaire CEOs
(DBN)

The Many Problems With Donald Trump's Infrastructure Plan
(DBN)

Dems threaten to oppose bill to prevent shutdown if health care vote happens before Saturday Trump accuses Democrats of wanting to shut down the government
(DBN)

Fact-checking Donald Trump’s tweetstorm about a potential government shutdown
(DBN)

Average Cost of Retirement Hits $738,400
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NAR: Pending Home Sales Index decreased 0.8% in March, up 0.8% year-over-year
(DBN)

Keys To Understanding The Legal Battle Brewing Between Ocwen And The CFPB
(DBN)

Trump's super-rich cabinet is shaking up DC's housing market
(DBN)

Q1 2017 Homeownership and Vacancy Rates
(DBN)

It’s Been Eight-And-A-Half Years Since The Fannie/Freddie Bailout And We Still Have No Idea What’s Going To Happen To Them Fannie and Freddie, Back in the Black
(DBN)

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Municipalities:

Puerto Rico Oversight Board Meets as Bankruptcy Deadline Approaches
(DBN)

What Puerto Rico Really Needs
(DBN)

Time is of the essence: Puerto Rico needs bankruptcy protection. Now.
(DBN)

As lawsuit moratorium’s end approaches, lawsuits pile up against Puerto Rico
(DBN)

Trump rejects push to help solve Puerto Rico debt crisis Trump: 'Democrats want to shut government' over Puerto Rico
(DBN)

The Urgency to Save Puerto Rico and Its People
(DBN)

Donald Trump tweets on Puerto Rico infuriate Puerto Ricans Trump's Latest Tweets Are Bad News for Puerto Rico's Health Care Public Health Ills Loom As Puerto Rico's Financial Crisis Deepens Exodus by Puerto Rican med students deepens island's doctor drain Health care adds latest wrinkle to Puerto Rican debt crisis Trump Vows to Perpetuate a Health Crisis Affecting Millions of U.S. Citizens Donald Trump Upsets Puerto Rico Officials With Tweets
(DBN)

Students Are Now Leading the Resistance to Austerity in Puerto Rico
(DBN)

5 reasons Puerto Rico's electric debt deal is a rip-off
(DBN)

Economist Gustavo Velez warns of restructuring deal's consequences
(DBN)

Municipal Defaults, While Rare, Do Occur
(DBN)

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Oil/Gas:

Gibson Dunn Nabs Six Baker Botts Energy Partners for New Houston Office
(DBN)

Oil Prices Fall After Libyan Oilfields Restart Oil Back in $40s As Hedge Funds Sell Off World Bank Maintains Oil Price Forecast At $55
(DBN)

Trump Wants Drilling in Arctic and Atlantic
(DBN)

Shale investments have surged by $100 billion, Rystad says
(DBN)

Oil discoveries dropped to record low in 2016, IEA says IEA Sees Much Tighter Oil Market As New Discoveries Crash
(DBN)

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Asset Protection:

A Trust Might Be Just What You Need, Even If You're An NBA Player
(DBN)

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Fraud:

Jesse Litvak Will Serve His House Arrest In Federal Prison
(DBN)

The Convicted Con Artist Of The Winter White House
(DBN)

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Healthcare:

Doctors, Hospitals: GOP New Health Care Bill Would Make Thinks Worse Trumpcare 2.0: It’s Even Worse Than the Original
(DBN)

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Taxis:

Is Uber's Kalanick Starting to Lose His Grip?
(DBN)

The Commute of the Future Will Be Driverless, Flying and Electric Flying Taxis Won't be a Reality Anytime Soon
(DBN)

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Waste:

ABC Disposal celebrates its emergence from bankruptcy
(DBN)

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Auto Racing:

IndyCar fallout just zooms on
(DBN)

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Steel:

US Steel Stock Plummets 25%
(DBN)

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Distressed Investing:

A Star Goldman Trader Goes Cold
(DBN)

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Shipping:

How a CEO Made Millions From a Sinking Ship
(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 (2 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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Arbitration:

In Two Cases, Court Addresses Bankruptcy and Arbitration Provisions
(DBN)

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Cross-Border:

Section 109(a)’s Requirements in Chapter 15 Revisited: How Much U.S. Property Must a Chapter 15 Debtor Have?
(DBN)

Chapter 15: Pursuing “Avoidance Actions” Under Nonbankruptcy Law
(DBN)

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Discharge:

Discharge in Bankruptcy Without Reaffirmation is Not a Shield and a Sword
(DBN)

Unreasonably Risky: Why a Negligence Standard Should Replace the Bankruptcy Code's Fraudulent Intent Analysis for Gambling Debts
(DBN)

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Labor:

NLRB Correct That Successor Employer Must Bargain with Existing Union under Labor Law
(DBN)

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Sales:

The U.S. Supreme Court and Funny-Money in Credit Bidding Auctions
(DBN)

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Retailing:

Ch. 11 2017 Retail Debt
(DBN)

How retail bankruptcies took their toll on Under Armour in latest quarter Under Armour Posts Its First Ever Loss Under Armour's Wild Ride Is Just Beginning Under Armour feels the ripple effects of wider retail turmoil
(DBN)

Rising Retail Bankruptcies Pose Far-Reaching Industry Ramifications
(DBN)

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Travel:

United dragging report: 'Our review shows that many things went wrong that day' United CEO says he 'messed up' with initial response to seating incident
(DBN)

Delta passenger kicked off flight after bathroom emergency Here's why a Delta passenger was kicked off a plane for using the bathroom
(DBN)

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Nuclear:

Southern's Georgia Power objects to Westinghouse's $800M bankruptcy loan Southern’s Georgia Power concerned by Westinghouse bankruptcy loan Georgia Power objects to Westinghouse loan
(DBN)

Utilities say Westinghouse loan puts their reactor construction at risk
(DBN)

Westinghouse battles trust issues with vendors, customers
(DBN)

Westinghouse says will operate normally in Asia, Europe despite Chapter 11
(DBN)

Westinghouse DIP Loan Seen as Intellectual-Property Grab
(DBN)

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Media:

Hannity Warns of the End of Fox News
(DBN)

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Insurance:

Low interest rates squeeze income, raise insolvency risk for re/insurers
(DBN)

Key Insurance Coverage Trends and Decisions in the United States
(DBN)

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Electricity:

FirstEnergy's profits down, FirstEnergy Solutions could be forced into bankruptcy
(DBN)

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UK:

Insolvency Litigation: recent cases and issues (April 2017)
(DBN)

Britain is worried Macron would play hardball in Brexit negotiations
(DBN)

The High Court in London goes digital
(DBN)

British economy slows sharply as inflation hits home
(DBN)

London banks set to decide within weeks on Brexit moves
(DBN)

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EU:

French Consumer Spending Drops Unexpectedly in March French Economic Growth Slowdown Casts Doubt on Strength of Eurozone
(DBN)

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PIIGS:

Greece Seeking Bailout Talks Breakthrough by Sunday Major Issues Resolved in Greece- Creditors Negotiations, Gov't says
(DBN)

ie: An Post boss warns firm 'heading for insolvency '
(DBN)

Lufthansa says not interested in taking over Alitalia
(DBN)

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Canada:

All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan "Bad" Wells
(DBN)

Supreme Court of Canada orders new trial in Hickman Equipment case
(DBN)

Creditors approve Stelco restructuring plan
(DBN)

Deal keeping Essar Algoma's head above water is in technical default
(DBN)

Alberta Courts Confirm Restructuring Transactions with Select Creditors Not Oppressive
(DBN)

One of Canada's largest mortgage lenders just imploded
(DBN)

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Japan:

Toshiba woes eat into financial sector's profits
(DBN)

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Australia:

Fired-up Joseph Gutnick defends rabbi loan in bankruptcy case
(DBN)

ASIC files bankruptcy proceedings against property spruiker McIntyre
(DBN)

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Mozambique:

Mozambique MPs Back State Guarantees for Previously Hidden Debt
(DBN)

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