August 31, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Proskauer says Jane Doe partner who filed $50 million gender bias suit isn't an employee
(DBN)

Quinn Emanuel creates ‘associate longevity bonus pool’
(DBN)

How Many Excess Partners Does Your Firm Have?
(DBN)

Lane Powell Adds Bankruptcy, Finance and Litigation Shareholders in Portland
(DBN)

Which Law Schools Have Been The Very Best Over The Last 10 Years?
(DBN)

Attorney who inserted made-up clients into asbestos suits loses challenge to restitution order
(DBN)

Do Lawyers Make Better CEOs? Yes! Er, Maybe.
(DBN)

Survey Confirms Significant 'Trump Bump' In Law School Applications
(DBN)

What The Aftermath Of An Auto Accident Taught Me About Being Flexible With Client Service
(DBN)

How you can help those affected by Hurricane Harvey
(DBN)

How Lawyers Are Working to Change Their Industry’s Diversity Problem
(DBN)

Biglaw Is A Great Foundation For A Lot Of Careers
(DBN)

Harvey 'deadline' on insurance claims is wrong, experts say
(DBN)

Michigan State College Of Law Ranks Number One
(DBN)

This Wins The Prize For Most Awkward Interview Ever
(DBN)

The Top 10 Ethics Problems for Lawyers - Updated 2017
(DBN)

Looters, beware: Houston-area law enforcement cracking down during a disaster • ABC reporter Tom Llamas slammed as a snitch for calling police on Houston ‘looters’
(DBN)

‘Dreamers’ took a big risk by registering with the government. Now, their trust may lead to their deportation.
(DBN)

Mueller may have an unexpected reason for teaming up with New York's attorney general
(DBN)

Judge orders hearing on whether to vacate Arpaio’s conviction
(DBN)

Lawyers licensed outside Texas can provide help to Harvey victims, Texas high court order says • Texas Allows Out-Of-State Lawyers To Help, Kind Of Highlighting The Stupidity Of State Bar Restrictions
(DBN)

NFLPA Continues To Ignore The Awful CBA It Agreed To
(DBN)

Must Read Cases Of Boneheaded Lawyer Moves
(DBN)

16 postal workers were charged with taking bribes to deliver cocaine
(DBN)

The Checkered History of Presidential Pardons From From “Lupo The Wolf” To “Big George” Caldwell to “Sheriff Joe”
(DBN)

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Judges:

5th Cir.: Hurricane-Affected District Courts Extend Notice of Appeal Deadlines
(DBN)

Subway foot-long settlement ‘utterly worthless’ to customers, 7th Circuit says
(DBN)

Judges' Facebook Use Could Be a Question for Florida Supreme Court
(DBN)

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Wall Street:

S&P 500 set to edge higher, but facing first monthly loss since March
(DBN)

US stocks close higher after GDP growth
(DBN)

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Layoffs:

Expert doubles down: robots still threaten 47% of U.S. jobs
(DBN)

Gordy's Market tells 1,000 employees it might close all Wisconsin stores
(DBN)

Humana cuts 180 jobs in home-based care division
(DBN)

Disney planning up to 300 layoffs from TV group
(DBN)

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Politics:

There are no conservatives in waist-deep water
(DBN)

Trump Killed Obama's Flood Protection Regs
(DBN)

Deep in Debt, the Kushners Hunted for Cash Across the Globe
(DBN)

Congress Has Been More Productive Than People Think
(DBN)

Chris Christie calls Ted Cruz 'disgusting' for using 'reprehensible lies' to defend his vote on Hurricane Sandy relief • Ted Cruz Fact Check: "Two-thirds of the (Hurricane Sandy relief) bill had nothing to do with Sandy." • FactCheck: Tx. GOP Misstates Sandy Aid Bill
(DBN)

Carl Icahn’s Failed Raid on Washington
(DBN)

Divided US embraces floods as chance to pull together
(DBN)

A Boom in Confederate Monuments, on Private Land • Lawmaker Threatens Black Lawyer on Statues
(DBN)

The head of America's largest labor union neatly summed up why he won't work with Trump's White House
(DBN)

Trump on North Korea: 'Talking is not the answer!' • Mattis downplays Trump's defiant North Korea tweet
(DBN)

Who's Lying on Trump Tower Moscow Money? • Russia: Yes, We Got Trump Tower Email
(DBN)

The Roots of Trump's Hypocrisy
(DBN)

A lobbying client once offered Corey Lewandowski $250,000 to get Trump to tweet about them
(DBN)

Trump's Business Dealings Come Back to Haunt Him
(DBN)

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Retailing:

Believe it or not, Amazon is actually the weakest of the big U.S. retailers
(DBN)

Stores are reinventing themselves in the Amazon era but will survive: Analyst
(DBN)

Academy Sports' loans drop on earnings delay due to Hurricane Harvey
(DBN)

Sears: Still Dying
(DBN)

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Banking:

Warren Buffett on Wells Fargo: 'There's never just one cockroach in the kitchen'
(DBN)

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Transport:

Flooded Texas roadways could make US shipping rates spike
(DBN)

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Weather:

Long lines form in Houston . . . to volunteer
(DBN)

US says 195,000 people have filed for federal help due to Harvey • Flash floods send Texans into 'survival mode' as Harvey hits Port Arthur with 26 inches of rain in 1 day • Extraordinary photos of survival in Houston • Far more victims of Hurricane Harvey don't have flood insurance than Katrina victims • Hurricane Harvey Lays Bare Our New Bargain With Nature • The Cheap Prosperity Gospel of Trump and Osteen • Harvey Exposes Trump's Empathy Deficit • Trump Forgot to Mention the Victims • Houston drainage grid ‘so obsolete it’s just unbelievable’ • Houston's Urban Planning Made Harvey Worse • Insurance Companies Are Preparing Fleets of Drones to Assess the Damage of Harvey • Houston, Warned • Harvey Wasn’t Just Bad Weather. It Was Bad City Planning • How Houston's city planning made it more vulnerable to Harvey • Development and Disasters — A Deadly Combination Well Beyond Houston • How the National Flood Insurance Program Made Hurricane Harvey More Costly • Everyone Knew This Disaster Was Coming • Explosions reported at Arkema chemical plant hit by Harvey • Abbott: We'll Accept Mexico's Offer of Help • Harvey is subsiding, but for the tens of thousands driven from their homes the financial toll is just beginning • FEMA Starts Approving Harvey Assistance • Houston Slowly Gets Back to Work • Houston’s ‘Mattress Mack’ turns his stores into shelters
(DBN)

Port Arthur is Underwater
(DBN)

Tropical Storm Harvey Takes Aim At New Orleans 12 Years After Hurricane Katrina
(DBN)

Blaming Obama for the Poor Katrina Response???
(DBN)

As Texans' claims pour in, Congress mulls flood insurance program's future
(DBN)

Since 1970, the number of disasters worldwide has more than quadrupled to around 400 a year
(DBN)

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Autos:

Tesla Running Out of $7,500 Tax Credits
(DBN)

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Economy:

US second-quarter GDP growth revised up, fastest in over two years • Second-quarter GDP hits Trump's 3% target • Trump's hope for 3% growth no longer looks so far-fetched • Q2 GDP Revised up to 3.0% Annual Rate • This Thursday number could show whether 3 percent GDP growth was a fluke or a trend • Warren Buffett: This doesn't feel like a 3% GDP economy
(DBN)

GOP eyes cutting nearly $1 billion from Harvey disaster funds to help finance Trump's border wall The Associated Press
(DBN)

Little Proof Cutting Corporate Tax Creates Jobs • It’s A Myth That Corporate Tax Cuts Mean More Jobs
(DBN)

Private-sector jobs up 237K in Aug vs. 185K expected: ADP
(DBN)

Visualizing the Real Value of the Minimum Wage
(DBN)

Winning and Losing Your Minimum Wage Hike
(DBN)

A decade on from the financial crisis, what have we learned?
(DBN)

Tax reform is a trap for Trump — just like healthcare • Republican plans to scale back tax deductions on corporate interest risks pushing more borrowing overseas • Trump on tax reform: 'I don't want to be disappointed by Congress' • Trump's tax push could run into the same big problems his Obamacare repeal efforts faced • The Goldman guys in the White House hinted their tax plan has some gifts for Wall Street • What We Just Learned About The Trump Tax Reform Plan • Will Trump’s Corporate Tax Reform Really Boost the Economy? • Trump Doesn't Want to Show His Real Tax Plan • Here are Trump's four tax principles — and why his plan won't serve them • Trump Will Fail at Tax Reform, Too • Trump's Wall Street-friendly tax plan faces roadblocks on Main Street • Trump Tees Up a Populist Take on Tax Reform • The Trouble With Trump’s Populist Tax Reform Pitch
(DBN)

Here’s how many ‘morons’ pay the estate tax
(DBN)

Warren Buffett: Here's why I haven't been criticizing Donald Trump
(DBN)

If Harvey's uninsured losses top $150 billion that would hurt the economy, Warren Buffett says • Buffett on Harvey: "Insured loss will be large"
(DBN)

The Economy Minus Houston • Biggest economic risk for Houston: People will leave and never come back • With Its Economic Heft, Houston Is Equipped to Recover From Harvey
(DBN)

Harvey will be most expensive U.S. natural disaster at up to $160 billion: AccuWeather • Harvey could cost more than Katrina and Sandy combined • First Harvey damage estimates off the charts • Damage has been estimated at tens of billions of dollars, making it one of the costliest U.S. natural disasters • Economist who nailed the cost of Katrina thinks the bill for Harvey could be bigger • Response to Harvey will determine economic impact • Houston's Slow and Uneven Recovery Begins • Harvey's Shocking Price Tag and Statistics • Trump could seek billions in Harvey recovery aid next week
(DBN)

Love of Coastal Living Is Draining U.S. Disaster Funds
(DBN)

Harvey will lead to a surge in car sales once insurance checks arrive
(DBN)

How New Orleans Has Failed Its Workers Since Katrina
(DBN)

Pushing school start times to 8:30 a.m. could add billions to the US economy
(DBN)

Goldman: Hurricane Harvey makes a government shutdown less likely • Mega-Bill Could Make Debt Default Fears Go Away Until 2019 • Debt-ceiling impasse could be “more catastrophic” than Lehman collapse, says S&P • GOP Voters Don’t Want Shutdown – Unless It Funds Border Wall • 5 Ways a Debt Ceiling Crisis Could Hurt the Economy
(DBN)

Harvey threatens to choke off supply of critical chemicals, plastics to US manufacturers
(DBN)

Railroads warn of long closure of Houston-area tracks
(DBN)

America has a retirement problem, not a saving problem
(DBN)

August jobs data marks crucial test for U.S. dollar
(DBN)

Trump faces CEO, staff pressure on immigration plan
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Circuit Split Developing Over Modification of Mortgages on Mixed-Use Properties
(DBN)

Automatic Stay: Relief Permitting Foreclosure Does Not Give a Mortgagee Carte Blanche
(DBN)

Harvey hits mortgages as flood-stricken homeowners are unlikely to pay
(DBN)

Zillow Forecast: "July Case-Shiller Forecast: Slowdown Coming in Home Prices"
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Comparing ARM Share with Mortgage Rages Q1 2005 to Q1 2017
(DBN)

'Nonprime has a nice ring to it': the return of the high-risk mortgage
(DBN)

Will Harvey Reshape How & Where We Build?
(DBN)

House Flippers Triggered Housing Crash
(DBN)

Trump Administration Puts on Hold an Obama-Era Desegregation Effort
(DBN)

Another storm roils development around Schlitterbahn in Corpus
(DBN)

____________

Municipalities:

Puerto Rico debt process can impact your hometown
(DBN)

Bankrupt Caribbean paradise woos Chinese tourists — and their cash
(DBN)

Puerto Rico unions protest pay cut for public employees • Hundreds of Puerto Ricans protest, decry austerity measures
(DBN)

Government labor strife is latest test for fractured Puerto Rico
(DBN)

Hundreds of Puerto Ricans protest, decry austerity measures
(DBN)

How Many CT Towns Face Insolvency ? Malloy Begins Counting
(DBN)

______________

Oil/Gas:

The largest oil refinery in the US is shutting down because of flooding from Harvey • Harvey Shuts 24 Percent of US Refiners • European Refiners Set To Benefit From Gulf Coast Chaos
(DBN)

US Senator Urges Trump To Tap Fuel, Oil Reserves In Harvey's Wake
(DBN)

Storm Shut Down Major Gas Pipeline
(DBN)

Hurricane Harvey Is A Disaster For OPEC
(DBN)

Failed Oil Price Recovery Slams Energy Stocks
(DBN)

Oil market shrugs off U.S. inventory decline amid Harvey
(DBN)

The whole world is feeling the pinch of Harvey taking Texas energy offline
(DBN)

Gasoline surges, crude mixed as Storm Harvey shuts down refineries
(DBN)

Harvey knocks out more refineries, shifting global oil flows
(DBN)

Harvey Ripples Through US, Global Energy Markets
(DBN)

Futures Market Hit $2 for a Gallon of Gasoline
(DBN)

A North Korea crisis would threaten more than a third of the oil moving on the oceans
(DBN)

______________

Aviation:

Hurricane Harvey could cost United Airlines more than $265 million
(DBN)

______________

Education:

Trump and DeVos fuel a for-profit college comeback
(DBN)

______________

Agriculture:

Bankrupt North Dakota farm giant McM sells off equipment collateral
(DBN)

______________

Student Debt:

Illinois Governor Vetoes ‘Student Loan Servicing Rights Act’
(DBN)

Student loan balances jump nearly 150 percent in a decade
(DBN)

______________

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 (32 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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Tax:

Creditors Beware—Complying with IRS Rule May Cancel Underlying Indebtedness
(DBN)

3 Lessons You Should Take From the Latest 1099(c) Letter Case
(DBN)

______________

Estoppel:

Back to the Basics: One Item Defense Counsel Must Check After the Filing of a New Lawsuit
(DBN)

______________

Insurance:

“Insured Versus Insured” – – Who is the Debtor-in-Possession, Anyway
(DBN)

______________

Priorities:

The "Absolute Priority Rule" and Other "Rules" of "Priority" in Bankruptcy
(DBN)

______________

Avoidance Actions:

Wet Seal – Preference Actions Filed
(DBN)

______________

Chapter 13:

Court Gets It Wrong on Exempt Property as Disposable Income
(DBN)

______________

Proofs of Claim:

Supreme Court 2016 Statutory Term in Review: Purposively Interpreting Statutes That Don't Say Much in Midland Funding, LLC v. Johnson
(DBN)

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Litigation:

Funding litigation a billion-dollar business
(DBN)

______________

Movie Theaters:

Hollywood box office suffers least-attended summer movie season in 25 years
(DBN)

______________

Marijuana:

Buzz Kill for Pot Farmers: Lower Prices
(DBN)

______________

Food/Beverage:

Fallout for restaurant industry could be even worse than forecast after Harvey batters Texas
(DBN)

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Healthcare:

Settlement proposed for Spokane doctors' $191 million bankruptcy
(DBN)

______________

Festivals:

Fyre Festival Placed in Bankruptcy After Lender Pressure • Bankruptcy for company behind doomed Fyre Festival
(DBN)

______________

Exhibitions:

Bankruptcy Court Grants RMS Titanic Inc. Judgment Clarifying Ownership of Titanic Artifacts In Longstanding Case against Republic of France
(DBN)

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Resorts:

Bankrupt South Carolina coastal resort goes back to the lender
(DBN)

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Jewelry:

InterJewel’s Troubles: What We Know So Far
(DBN)

______________

Celebs:

Abby Lee Miller Rumors: Former 'Dance Moms' Host Writing a Book to Tell Her Side of The Story
(DBN)

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Nuclear:

Southern Company Vogtle Project Requires More Loan Guarantee
(DBN)

______________

Maritime:

Investors in bankrupt fuel oil supplier OW Bunker say to sue IPO banks
(DBN)

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Debt Collection:

Court Rules Revocation of Consent for One Creditor Does Not Revoke Consent for Another
(DBN)

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UK:

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

Will Brexit Lead to a 'Brexodus'?
(DBN)

EU Brexit coordinator bemoans talks' "slow progress."
(DBN)

Bank holiday bonanza – the effect of UK weather on consumer spending
(DBN)

______________

EU:

Euro zone inflation rises more than expected to 1.5 percent in August
(DBN)

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PIIGS:

As Poverty Surges in Italy, Populists Propose 'Citizens' Income'
(DBN)

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Canada:

Sears Canada executive chairman rushing to assemble takeover bid
(DBN)

______________

Venezuela:

Venezuela's all-powerful new constituent assembly is going to try opposition leaders for treason
(DBN)

Fitch Downgrades Venezuela's Ratings to 'CC'
(DBN)

______________

India:

Pay Up or Give Up: Arun Jaitley Puts Businesses on Notice
(DBN)

Will refund 3300 Jaypee buyers at any cost • Homebuyers are now creditors of builders
(DBN)

______________

Japan:

Toshiba misses creditors' end of Aug deadline to seal deal on chip unit sale • Toshiba Should Just Keep the Chip Unit
(DBN)

______________

Germany:

Air Berlin cuts long-haul routes as offer deadline approaches • Decrying 'Stitch-Up', Ryanair Won't Bid for Air Berlin Assets • Woehrl wants to team up with another bidder to buy Air Berlin
(DBN)

______________

France:

France’s Macron could be about to face his defining moment amid fierce protest and plummeting support
(DBN)

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