April 3, 2017

The Daily Bankruptcy News

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Law:

Bureau of Labor Statistics: another strong year for legal employment and incomes
(DBN)

New York Times Reporter Elizabeth Olson Claims That Professors Earning Less than First Year Associates are Paid like Law Firm Partners
(DBN)

The Worst Behaved Biglaw Partners: The Final Two
(DBN)

Companies Use Diversity Data to Hold Law Firms Accountable
(DBN)

Adopt the ABA Model Survey to Improve Diversity
(DBN)

Getting Ahead On Diversity In An Industry That Lags Behind
(DBN)

Kasowitz Benson Loses Name Partner, Lots Of Money
(DBN)

Digital Advertising for Lawyers, Part 1
(DBN)

Publicly-listed law firm Slater and Gordon 'made 20 financial errors', fresh class action claim alleges
(DBN)

Indicted DA Seth Williams gets new attorney & he's a former colleague
(DBN)

World Backup Day
(DBN)

Morgan Lewis’ Work For Trump Angers Client Should Lawyers And Law Firms Pay A Price For Normalizing The Trump Regime? Investment Fund Fires Morgan Lewis for 'Enabling' Trump With Ethics Advice
(DBN)

Judge to Trump: No free speech protection for lawsuit over rally violence
(DBN)

Defamation Suit Against Trump Can Wait
(DBN)

Always Be Advocating
(DBN)

Sheriff Joe can't delay trial on contempt charges for atty's son's bar mitzvah, judge rules
(DBN)

Judge says law firm played with line spacing to sneak in a longer brief, and now they'll pay $1,000 for it
(DBN)

Fox News and Bill O'Reilly reportedly paid out $13 million to women who accused him of harassment
(DBN)

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Judges:

The Senate's 'nuclear' fight just became virtually assured 'Highly Unlikely' Gorsuch Can Clear Dems' Filibuster, Schumer Says New ads support Gorsuch; which Democratic senators are targeted? 2 democrats buck party lines to support SCOTUS nom Gorsuch Democrats close in on 41 votes to block Gorsuch Gorsuch is headed for Supreme Court confirmation this week, but only after a partisan battle, Senate leaders say The Government Gorsuch Wants to Undo Home stretch for Trump’s Supreme Court nominee could forever alter the Senate Vote on Supreme Court Nominee Neil Gorsuch to Test Red-State Democratic Senators Impasse looms in Senate on Gorsuch
(DBN)

The Good Old Days of Supreme Court Nominations? They Don’t Exist.
(DBN)

White House tells ABA it won’t be asked to review lower court judicial candidates before nomination Trump cuts ABA out of federal judge vetting process
(DBN)

BK ND GA Seeking Two Judges
(DBN)

What to Expect From Justice-To- Be Gorsuch on Bankruptcy
(DBN)

Missing federal judge is found alive in wooded area after teens discover his car nearby
(DBN)

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Wall Street:

Wall Street set to open cautiously higher U.S. stocks on track to kick off the second quarter with a gain
(DBN)

Stocks close down but post strong quarterly gains; Nasdaq records best quarter since 2013
(DBN)

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Layoffs:

EPA Faces Even Deeper Cuts Than Stated
(DBN)

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Celebs:

'Below Deck' Star Captain Lee Says Bankruptcy Case is a Fraud
(DBN)

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Coal:

Slimmer, trimmer Peabody is ready to exit bankruptcy
(DBN)

Alternative truths and some hard facts about coal
(DBN)

The entire US coal industry employs fewer people than travel agencies do
(DBN)

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Healthcare:

Green Valley Hospital to file for Chapter 11 bankruptcy Green Valley Hospital to file Chapter 11 protection Green Valley Hospital says Chapter 11 is part of a long-term success plan
(DBN)

Trump says Obamacare is 'dead' in a Saturday afternoon tweetstorm The future of 'Trumpcare' is already starting to look like a mess Green Valley Hospital to file for Chapter 11 bankruptcy
(DBN)

Tom Price Intervened on Rule That Would Hurt Drug Profits, the Same Day He Acquired Drug Stock
(DBN)

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Religion:

Diocese filing for bankruptcy to settle sex abuse claims Great Falls Catholic Diocese files bankruptcy Montana Diocese Seeks Chapter 11 Protection to Address Abuse Claims
(DBN)

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Personal Bankruptcy:

Many Americans use tax refund to pay for bankruptcy filing
(DBN)

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Food/Beverage:

How Real Estate Tastes Felled Le Cirque, NYC's Glitziest Restaurant
(DBN)

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Travel:

Airlines Make More Money Selling Miles Than Seats
(DBN)

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Autos:

How much Morgan Stanley thinks used-car prices will crater — in one chart
(DBN)

Trustee wants to liquidate Dusty Old Cars after dozens of complaints
(DBN)

VW: Internal Investigation of Emissions Cheating Needs Time
(DBN)

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Personal Finance:

The 9 best states for a healthy, affordable and relaxing retirement
(DBN)

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Shipping:

Dealing with the fallout from EMAS and Ezra's Chapter 11 filing
(DBN)

KDB, Creditors Wage War of Nerves over Decrease of DSME's Capital
(DBN)

Global shipping industry refloating as container prices surge
(DBN)

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Internet:

State worries bankrupt network provider could jeopardize public safety
(DBN)

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Student Debt:

What To Do If Student Loan Forgiveness Letters May Be Invalid Borrowers 'Chilled to the Bone' as DOE Reneges on Student Loan Forgiveness Student Loan Forgiveness Program Approval Letters May Be Invalid, Education Dept. Says
(DBN)

Consumer Rights to Know Regarding Adverse Action
(DBN)

Student Debt Giant Navient to Borrowers: You’re on Your Own
(DBN)

How 3 Newly Married Couples Tackle Double Student Loan Debt
(DBN)

Student Loan Debt Collectors Not Eager To Charge Fees Reinstated By Trump Administration
(DBN)

President Trump Is Right: We Need to Remove the "Albatross" of Student Loan Debt From Our Young People and Families
(DBN)

BAP Takes Republican Approach to Undue Hardship Analysis
(DBN)

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Wood Products:

Drax Group Says Successful In Bid To Buy Louisiana Pellets Assets For $35.4 Mln
(DBN)

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Economy:

Baby Boomers Causing National Debt Crisis
(DBN)

The growing divide between the haves and the have-nots, in one stunning chart
(DBN)

Consumer optimism surges due to lowered standards
(DBN)

For once, the all-important jobs report just isn't that important
(DBN)

How the power surge in U.S. jobs might get short-circuited
(DBN)

American Dream Not Backed Up by History
(DBN)

Trump's first comprehensive scorecard on the economy could be ugly
(DBN)

Donald Trump didn't stop 3M Elyria plant closing despite pleas
(DBN)

Jobs Moving to Mexico Continue Unabated
(DBN)

GOP lawmaker: The Bible says ‘if a man will not work, he shall not eat’
(DBN)

Trump Plan to Shrink Gov't Pleases Many
(DBN)

Stephen K. Bannon, architect of anti-globalist policies, got rich as a global capitalist
(DBN)

Why the Wall Won't Work
(DBN)

America Now Building Trade Walls
(DBN)

History: When The One Percent Sent Its Kids to War
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Morgan Stanley passes $300 million in consumer relief in mortgage bond settlement
(DBN)

Wells Fargo must face litigation on defective mortgages: U.S. judge
(DBN)

The all-cash Chinese buyer is dying – here's what that means for NYC banks
(DBN)

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Municipalities:

Puerto Rico board to hold mediation in key creditor dispute
(DBN)

Puerto Rico Is Arriving At A Moment Of Truth On Fiscal Reforms
(DBN)

Puerto Rico’s Coming Fiscal Adjustment (Still Too Big)
(DBN)

Michigan Is Forced to Do Right by Flint, Finally The state of the Flint water crisis, by the numbers
(DBN)

Jersey lawmakers look to dig the $135B pension hole even deeper
(DBN)

Chicago's Soccer Team Is Draining Hometown Funds
(DBN)

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Oil/Gas:

Oil prices slip as Libya disruption resolved, investors watch for Saudi exports
(DBN)

Oil Companies ' Modest Prize: Breaking Even
(DBN)

Fri: Oil Retreats, Set to Become 1Q's Worst-Performing Asset
(DBN)

Oil companies adjust to new reality
(DBN)

Why An OPEC Deal Extension Won’t Lift Oil Prices
(DBN)

US oil industry surges while OPEC cuts U.S. oil production rose 60,000 barrels a day in January, EIA says West Texas oil production outgrowing pipeline capacity U.S. Shale - The New Swing Producer U.S. Shale
(DBN)

Rig count up 15; Louisiana, Texas lead
(DBN)

Transocean - The Biggest Threat For Survival Is Not Low Oil Prices But Really From Within
(DBN)

The Light At The End Of The Tunnel For Risky Cobalt International Energy
(DBN)

Down 10%, Mexico Oil Reserves Gone in 9 Years Without New Finds
(DBN)

Baker Hughes CEO’s $41M golden parachute jumped by 40 percent
(DBN)

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Nuclear:

A bankruptcy that's bad news for climate policy
(DBN)

Georgia nuclear plant in jeopardy after Westinghouse plunges into bankruptcy
(DBN)

Westinghouse Bankruptcy Won't Affect India's Nuclear Energy Plans, Analysts Say
(DBN)

What Does Westinghouse Bankruptcy Mean To Nuclear Energy Innovators?
(DBN)

Westinghouse bankruptcy leaves costly nuclear mess for Southern utility customers
(DBN)

Westinghouse Bankruptcy Doesn't End Toshiba's Woes
(DBN)

What will Westinghouse Bankruptcy mean for completion of Plant Vogtle reactors?
(DBN)

Nuclear Power May Need to Get Small
(DBN)

Trump Closely Watching Troubled Nuclear Plants That Obama Funded
(DBN)

Japanese Government Steers Clear of Westinghouse's U.S. Problems
(DBN)

Paladin Energy receives support from creditors
(DBN)

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Politics:

The richest administration in history Trump's 'showman' presidency is straight out of the pro-wrestling playbook 'Nothing prepared us for the magnitude of this trainwreck': LA Times editorial tears into Trump Trump: 'If you issue hundreds of tweets and every once in a while you have a clinker, that's not so bad' Political Walls are Closing in on the President Spicer Suggests It's a Obama Conspiracy In no-holds-barred letter, Investment firm fires Morgan Lewis over "ethical carnage" of work with Donald Trump
(DBN)

If you want to understand Trump, look at his early relationship with the man he has called his best friend
(DBN)

Trump's former national security adviser Michael Flynn didn't disclose payments from Russian companies Schiff Says Too Early to Debate Flynn Immunity for Testimony Trump blasts the media and Russia investigation Top Democrat: Trump's dismissal of the Russia investigation 'should set off alarm bells' 'Congressman Nunes killed that': McCain criticizes top Republican over handling of Russia investigation UN ambassador Nikki Haley: There is no question that Russia meddled in the election Trump to NBC: Stop Covering Russia Story What Lies Behind Flynn's Public Request for Immunity?
(DBN)

Why Is Elizabeth Warren So Hard to Love? Elizabeth Warren - Can She Unlearn Talking Like a Lawyer
(DBN)

Resentment of Kushner's Privileged Status Kushner Credit Lines Total as Much as $90 Million, Filings Show Trump's Son-in- law Retains Scores of Real Estate Holdings
(DBN)

Town Halls Still Facing Furious Citizens
(DBN)

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Amusement Parks:

Petitioners' attorney looking to leave Scuttle's Island involuntary bankruptcy case
(DBN)

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Education:

ITT Trustee Sues Credit Unions in Private Student-Loan Program
(DBN)

Should colleges require a financial literacy class?
(DBN)

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Corporate Reform:

Some Republicans defect on repealing Obama rules
(DBN)

Trump Moves to Roll Back Obama-Era Financial Regulations
(DBN)

Trump’s DOJ Ditches Defense of CFPB
(DBN)

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Fraud:

March 2017 Ponzi Scheme Roundup
(DBN)

Judge approves $25M settlement in suit against Trump University
(DBN)

Man accused of defrauding more than 100 lawyers is convicted of fraud
(DBN)

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Debt Collection:

Appeals Court Affirms Ruling Against Debt Buyer for Misleading Out-of-Stat Collection Letter
(DBN)

The IRS Has Hired A Debt Collector That Is Being Sued By The Government
(DBN)

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New Bankruptcy Opinions
(18 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (58 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:

UST Issues Public Report of Debtor Audits for FY 2016
(DBN)

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Structured Dismissal:

Jevic — The Supreme Court Puts the “Dis” in Structured Dismissals
(DBN)

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Plan Confirmation:

Feasibility Under Section 1129(a)(11) and the Importance of Liquidity
(DBN)

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Jurisdiction:

The Indenture Trustee as a Basis for Federal Jurisdiction
(DBN)

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Sales:

Affirmative Insurance – Dueling Motions to Dismiss, Denied
(DBN)

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Personal Bankruptcy:

Unemployment Benefits Included as Income in Ch. 13 Plan
(DBN)

Counseling Bankruptcy Clients About Guilt and Debt
(DBN)

4 Ways Attorneys Can Connect With Today's Legal Consumers
(DBN)

Cases In Review
(DBN)

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Tax:

Navigating the Late Tax Return Problem in Tax Discharge Cases
(DBN)

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Litigation:

Basics for Non-Bankruptcy Litigation Lawyers
(DBN)

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Professional Compensation:

Fees, Fees, Fees: SDNY Bankruptcy Court Questions the Ongoing Validity of the “Blackstone Protocol” for Investment Banker Fees in Chapter 11 Cases
(DBN)

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Retailing:

Is Bon-Ton Stores Headed for Bankruptcy ?
(DBN)

Bankrupt HHGregg plans to liquidate if no buyer found in next week hhgregg sets scene for bankruptcy -related sale
(DBN)

Retail bankruptcies heading toward great recession highs
(DBN)

Nordstrom is thriving amid a death spiral in brick-and-mortar retail
(DBN)

Why These Wall Street Titans May Be Tripping Over Themselves to Buy Shares of Dying Sears
(DBN)

Gander Mountain Files Stalking Horse Bid
(DBN)

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Radio:

Nonconventional CDS Credit Events Part 1: The iHeart Case Nonconventional CDS Credit Events Part 2: Other Cases of Interest and Suggestions for Amendments
(DBN)

Cumulus Media: Term Loan Lenders Block Amendments to the Revolver
(DBN)

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Banking:

The Wells Fargo Scandal is Not Over
(DBN)

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UK:

Legal expert: Britain isn't ready to trade around the world after Brexit 'False Dawn': What will happen to the British economy now that Article 50 has been triggered Brexit Begins Deloitte: Just one in 5 UK financial chiefs think Brexit will be good for business Europe’s Firm But Fair Approach to Brexit
(DBN)

RBS rising from ruins as shadow of former self
(DBN)

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PIIGS:

Athens and creditors search for elusive deal to complete review Creditors Negotiations Stall Again Over Labor Law Issues and Pension Cuts Tsipras says deal with creditors hinges on debt relief
(DBN)

Does a concordato proposal need to assign all future earnings to the creditors ?
(DBN)

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Canada:

Creditor successfully uses oppression remedy in informal loan arrangements
(DBN)

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Brazil:

Brazil judge kicks PwC off Oi bankruptcy case
(DBN)

Oi Spurns `Intellectually Dishonest' Calls for Takeover by State
(DBN)

Orascom extends deadline for Brazil's Oi alternative plan a 3rd time
(DBN)

Brazil's Odebrecht O&G to honor bond payment, gets relief
(DBN)

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Australia:

Has Gerry Harvey’s Mouth Cost Him Millions, And What Is He Afraid Of?
(DBN)

Australia, we need to talk about start-ups and failure
(DBN)

I’ll Be Back – New South Wales Supreme Court terminates a liquidation
(DBN)

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Asia:

Three Asian countries look to conquer more of the insolvency market
(DBN)

Toshiba likely to miss quarterly earnings deadline for third time
(DBN)

Zombie Companies Threaten Asia's Future Growth
(DBN)

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Singapore:

Umbrella body mooted to help SMEs in debt
(DBN)

Singapore High Court Finds Security Interests Survive Commingling of Assets.
(DBN)

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China:

China Has Its Worst-Ever Start to a Year For Defaults
(DBN)

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Malaysia:

Parliament Passes Bankruptcy (Amendment) Bill 2016.
(DBN)

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Ukraine:

Ukraine's Loss: A Skid, Not a Crash
(DBN)

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Nigeria:

IMF Urges Nigeria to Start Belt Tightening
(DBN)

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