December 13, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Associate Compensation Scorecard (2017): Which Firms Have Announced Bonuses? Susman Godfrey announces hefty bonuses; other boutique firms also exceed Cravath standard
(DBN)

New Study Predicts More Uncertainty, Hot Lateral Market in 2018
(DBN)

Top Industries For General Counsel Pay Shows The Price Of Your Soul
(DBN)

Competition Among LPO Providers Is About to Enter a New and Intense Phase
(DBN)

Barnes & Thornburg Partner Is Suspended for 2 Years for Billing Misconduct
(DBN)

Lawyers Who Shoplift: 'A Cry for Help'
(DBN)

Five Lawyers Leave Virtual Firm to Form New 'Actual' Firm
(DBN)

Sen. Mazie Hirono calls on Trump to resign Trump slams Kirsten Gillibrand, claims she begged him for money and 'would do anything for' donations ‘I would rather not’: Republicans refuse to look at Trump’s tweet to avoid comment on Gillibrand attack Trump's Tweet on Gillibrand Not Well Taken Sen. Elizabeth Warren accuses Trump of 's***-shaming' Sen. Kirsten Gillibrand Trump Tests the Limits of Shame Chuck Schumer asks Capitol Police for investigation after forged document circulates accusing him of harassment #MeToo And What To Do With Old Claims Air Force Academy Official: Assaults Cover Up New Sex Discrimination Claims Hit NFL Network
(DBN)

FBI agents on Russia probe called Trump an "idiot" Trump's lawyer says Mueller is done interviewing White House staff Text Messages in Hand, Republicans Plan to Accuse Justice Department of Bias Judge warns Manafort about gag order violations, but doesn’t punish him for work on Ukrainian op-ed GOP to Grill Rosenstein on Anti-Trump ‘Bias’ in Mueller’s Probe Trump to Fight Mueller with Bizarro Mueller Inside Trump's legal team: Trying to protect the president from Mueller's 'killers' Critics ask why Dowd and Cobb have failed to assemble a ‘battalion of lawyers’ for the president Politifact names Trump claim that Russian election interference is 'made-up' as 'Lie of the Year'
(DBN)

Did the President's Lawyer Cover Up His Client's Cover-up?
(DBN)

A Militia Plot to Bomb Garden City, Kansas
(DBN)

Beyoncé Less Cool Than Bud Light
(DBN)

Appeals panel upholds dismissal of defamation suit against Trump
(DBN)

Forced labor uncovered at New York waterfront wedding hall, authorities say
(DBN)

Times Square Bomber Leaves Mystery Trail
(DBN)

______________

Judges:

Can We Get Rid of Alex Kozinski?
(DBN)

When Judges Prey on Clerks
(DBN)

Empirical SCOTUS blog sees Brett Kavanaugh as likely SCOTUS nominee
(DBN)

Senate confirms Trump judicial pick Grasz Senate OKs Trump judicial pick who was rated ‘not qualified’
(DBN)

Grassley urges Trump to "reconsider" controversial judicial picks Grassley Telling Trump He Really Doesn’t Want To Have To Vote On An Unqualified Ghost Hunter
(DBN)

One Of Trump's Controversial Judicial Nominees Has Offered To Withdraw
(DBN)

Stealing A Supreme Court Seat Seems To Be Working Out Well For Republicans
(DBN)

White Males Dominate The SCOTUS Clerk Ranks
(DBN)

Justice Clarence Thomas Wants You To Know His Law Clerks Aren’t ‘TTT’ — No Matter Where They Graduated From
(DBN)

______________

Wall Street:

US futures pause for breath ahead of Fed rate decision
(DBN)

US stock indexes close mostly up; New highs for S&P 500, Dow
(DBN)

______________

Layoffs:

Houston metal plant to close, layoff 64, after company files for bankruptcy
(DBN)

Chevron layoffs affect more than 100 employees
(DBN)

______________

Religion:

Second Diocese of Duluth insurer settles
(DBN)

Americans Say Religious Aspects of Christmas Declining in Public Life
(DBN)

______________

Retailing:

Charming Charlie becomes 20th major retailer to file for bankruptcy this year Moody's Downgrades Charming Charlie's PDR to D-PD Following Bankruptcy Filing Charming Charlie closing 10 stores in Texas as part of its bankruptcy Charming Charlie Files for Chapter 11, Plans to Restructure Store Portfolio New Delaware Chapter 11 Filing – Charming Charlie Why Is Charming Charlie Filing For Bankruptcy Now?
(DBN)

Sears Extends Debt, Eyes New Borrowing The Problem With Sears Holdings Stock Is…Sears Holdings Maybe Eddie Lampert Knows What He’s Doing With Sears?
(DBN)

This Monster $16 Billion Mall Deal Should Terrify Sears and Macy's
(DBN)

UPS and other carriers warn that holiday deliveries are already falling behind
(DBN)

We wish you a profitable Christmas
(DBN)

______________

Guns:

The Popping of the Gun Bubble
(DBN)

______________

Student Debt:

US Ends Canceling Debt for Defrauded Students 25,000 borrowers in limbo as Trump administration puts a freeze on student loan-relief claims
(DBN)

Education inspector general calls on agency to process backlog of student debt relief claims
(DBN)

______________

Healthcare:

Dextera Surgical Files for Chapter 11 Bankruptcy and Signs Asset Purchase Agreement With Aesculap, Inc. New Delaware Chapter 11 Filing – Dextera Surgical Inc.
(DBN)

Study: Patients More Likely To Die When Treated By Doctor Over 60
(DBN)

Slip In Hospital Safety Rating Score Spurs Healthcare Provider To Sue Leapfrog Group
(DBN)

Who Pays for Americans' Health Insurance?
(DBN)

Thousands will die prematurely if the ACA is repealed
(DBN)

______________

Nuclear:

Watchdog wants to save utility customers $445 million a year. SCANA says it would go bankrupt SCANA tells regulators: Cutting power bills would push it to bankruptcy Georgia regulator to make Vogtle nuclear project decision by Dec. 21 Top lawyer: Ratepayers 'holding the bag' on nuke project
(DBN)

This Utility Chief Is Betting Billions on Nuclear
(DBN)

______________

Pensions:

Looming pension shortfalls to complicate next shutdown fight
(DBN)

______________

Media:

Peter Thiel’s Lawyers Say They Want To Buy Gawker’s Vault If you miss Gawker, don't let Peter Thiel buy its archives
(DBN)

______________

Taxis:

Work for Uber and Wind Up in Debt
(DBN)

______________

Tech:

Former Facebook VP says social media is destroying society
(DBN)

______________

Alternative Energy:

Trump administration wrongfully withheld funds from a popular energy program, watchdog rules
(DBN)

______________

Coal:

Rising Coal Exports Give Short-Term Aid to an Ailing Industry
(DBN)

______________

Economy:

Central Banks Created Explosive Asset Bubbles
(DBN)

Here’s why the Fed will hike interest rates today Dow’s 4-day win streak in jeopardy with all eyes on Fed Inflation should show a pickup just ahead of Fed interest-rate vote Fed 2018 Dots in Focus for Yellen Swan Song: Decision Day Guide
(DBN)

Entitlements: 'It's the Grandparents Stealing From the Grandchildren'
(DBN)

NFIB: Small Business Optimism Index "Near All-Time High" in November Small Business Optimism Index Since 1986
(DBN)

Gallup: U.S. Investor Optimism Still Riding High
(DBN)

This is what Americans are really spending their money on
(DBN)

BlackRock's $1.7 trillion bond chief says don't fear the Fed
(DBN)

A Faster Pace of Fed Rate Increases Could Rattle Markets
(DBN)

There will be competition at the Fed to be in Jerome Powell’s ear
(DBN)

A $200 billion quant fund says one of the biggest concerns about how companies will spend their tax savings is overblown Goldman expects "Tax Reform" to be Enacted in the "Next Two Weeks" Ex-American Airlines CEO: GOP Tax Bill is Mean and Stupid The brutal reviews for the GOP tax bill are piling up GOP plan would stick millions with bigger tax bills—this chart shows your odds of getting hit GOP negotiators move closer to reducing top tax rate for high-income households but face blowback Trump Will Bring Families to White House to Make Case for Tax Bill Republicans are hurtling toward passing their massive tax plan — but it could still 'hit a serious snag' Here's what Trump's tax plan means for people working in finance who make between $40,000 and $139,00 a year U.S. corporate tax rate is high, but not as high as it looks Corporations Already Paying Just 13% in Tax Are US Corporate Tax Rates Already Below 20 Percent? America is Already a Low Tax Country In tax plan negotiations, corporate rate currently sits at 21% GOP lawmakers consider lowering top earners' tax rate to 37% Rubio Criticizes Fellow Republicans Over Plan to Cut Top Individual Tax Rate Billionaires at New York Galas Can't Agree on Trump's Tax Plan The ‘Mother of All Technical Corrections Bills’ Is Coming for the GOP Tax Plan Rand Paul is Out on the New Tax Bill Republicans Race to Finish Their Tax Cuts A Doug Jones win makes the GOP's tax reform push even more urgent Tax Bill: John Cornyn’s Fossil Fuel Provision Would Personally Enrich Republican Lawmakers A Tale of Two Tax Bills: How You'd Fare From Manhattan to Malibu Stanley Druckenmiller calls hedge-fund loophole in tax reform 'outrageous' The hidden features of the Republican tax bill that make it much worse than advertised Here's what Trump's tax plan means for the stock market
(DBN)

The 50 US states ranked from most to least healthy
(DBN)

LA area Port Traffic Surges in November
(DBN)

The 15 charts that defined the global economy in 2017
(DBN)

WI: Foxconn Requires New Electric Plant
(DBN)

Robots are being used to deter homeless people from setting up camp in San Francisco
(DBN)

The most common jobs for workers without college degrees have never been industrial
(DBN)

Americans Place Smaller Odds They Will Move in Next Year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Weekly mortgage applications fall 2.3% as rates rise MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Mortgage Equity Withdrawal slightly positive in Q3
(DBN)

Serious mortgage delinquency rate hits lowest point in a decade
(DBN)

Fannie Mae Finally Pays Back Bailout Money
(DBN)

Republican tax plan poised to benefit landlords
(DBN)

Foreclosure may be looming for Bandera County's famed Flying L ranch
(DBN)

____________

Municipalities:

Storm-hit Puerto Rico starving for tourists
(DBN)

In Puerto Rico and the BVI, Cruises Spark First Signs of Tourism Recovery
(DBN)

Republican Tax Bill Will Devastate Puerto Rico's Economy And Eliminate Thousands Of Jobs
(DBN)

Michigan Legislature OKs municipal retirement funding bills
(DBN)

Illinois Drives People Away
(DBN)

‘Distressed political subdivision’ decision expected Wednesday for Muncie schools
(DBN)

______________

Oil/Gas:

Oil prices recover on big US crude stock drawdown, pipeline shutdown supports
(DBN)

Can US Shale Producers Drive Oil Prices Lower?
(DBN)

Seadrill Bondholders Reportedly Submit A Last-Minute Proposal
(DBN)

China Automaker to End Gas Powered Cars
(DBN)

The United States of Petroleum
(DBN)

______________

Politics:

Alabama projected to elect Democrat Doug Jones as next US senator in upset special election 'It's Not Over': Roy Moore refuses to concede and insists there could be recount Trump congratulates Doug Jones Trump Congratulates Doug Jones, Says Republicans Will Have 'Another Shot' Both Trump-endorsed candidates lose in Alabama Trump: "I was right" that Roy Moore couldn't win Moore's Defeat in Alabama Deals Trump a Rebuke Furious Trump says Republicans will eventually 'have another shot' at Alabama's Senate seat as shell-shocked White House blames Steve Bannon for stunning loss It will take more than Doug Jones’s win over Roy Moore to undo Trump Trump, Biden, Clinton react to Doug Jones' victory over Roy Moore Republicans blame Steve Bannon for Roy Moore's shocking loss in Alabama 'I just don't know what the hell to say': Doug Jones gives emotional victory speech after massive Alabama Senate upset The Making of an Upset 'Decency wins': Republicans celebrate a blow to their own party NRSC chairman Cory Gardner calls on Jones to vote with GOP Five Reasons Doug Jones Beat Roy Moore in Alabama Alabama Senate victor Doug Jones a civil rights champion New York Daily News humiliates Roy Moore after Alabama election loss Republicans Now Have a Reason to Panic Winners & losers from the Alabama special election Doug Jones's stunning victory could be the beginning of the end Matt Drudge on Ala. Senate election: 'Luther Strange would have won' Mitch McConnell's Job Just Got a Lot Harder Schumer on Jones victory: 'Things are looking better and better for 2018' Democrats are jubilant — and newly confident about 2018 — as Alabama delivers win on Trump’s turf African American Voters Made Doug Jones a U.S. Senator in Alabama Doug Jones Won Because of Black Women How women shaped the Alabama election What Roy Moore has in common with the real Alabama, in 13 charts A Roy Moore campaign spokesman appeared to be speechless when a CNN host said elected officials don't have to be sworn in on the Christian Bible
(DBN)

Ex-Breitbarter: Why I Left the GOP
(DBN)

This Map Shows You the Richest Politician In Every State
(DBN)

Republicans now have only a one-seat majority in the Senate after Doug Jones' surprise victory in Alabama — here's what that means for 2018
(DBN)

USA Today: Will Trump's lows ever hit rock bottom?
(DBN)

“Barely Disguised Political Ambitions”: Are Nikki Haley’s Chess Moves Putting Her in Danger?
(DBN)

______________

Circuses:

Big Apple Circus Gets OK For Ch. 11 Plan
(DBN)

______________

Climate:

California's Apocalyptic Fires Video: A Dangerous Trip to the Front Lines of California's Wildfires CA: Illegal Cooking Fire Started Skirball Fire
(DBN)

Unfettered construction raises U.S. hurricane costs
(DBN)

Federal report shows the Arctic warming at an "unprecedented" rate
(DBN)

When Climate Change Becomes a Credit Problem
(DBN)

______________

Gambling:

Would-be Revel buyers filed for New Jersey casino license
(DBN)

______________

Rail:

The three accused in Lac-Megantic disaster won't testify at their trial
(DBN)

______________

Food/Beverage:

Trump’s decision to allow tip-pooling could cost workers $6 billion
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

Avoidance Actions:

Preferences and Selected Bankruptcy Issues
(DBN)

______________

Mediation:

Setting Interim and Ultimate Goals for a Mediation Effort
(DBN)

______________

Bankruptcy Rules:

New Bankruptcy Rules that Creditors Need to Know and Follow
(DBN)

______________

Plan Confirmation:

Second Circuit Addresses Cramdown Interests Rates
(DBN)

Mette Kurth: 2nd Circuit Reverses Course on Cramdown Interest Rates
(DBN)

______________

Currency:

Defunct bitcoin operator in Japan could see huge profit Mt. Gox Creditors Seek to Remove Exchange From Bankruptcy After Bitcoin Spike, MtGox Creditors Want to Yank the Failed Exchange Out of Bankruptcy
(DBN)

Bitcoin’s Mysterious Creator Set To Become World’s First Trillionaire
(DBN)

It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
(DBN)

The voracious appetite for new cryptos, in one mesmerizing graphic
(DBN)

Bitcoin is still a good bet as long as greater fools are buying
(DBN)

______________

Banking:

Hackers Steal Millions from Banks
(DBN)

Secrets of the World's Dirtiest Banks
(DBN)

______________

Travel:

Biting Passenger Forces Plane To Turn Around
(DBN)

______________

Electricity:

Sempra takes another step to acquire Texas power company
(DBN)

______________

Finance:

J.G. Wentworth Files for Chapter 11 Bankruptcy Protection Finance company JG Wentworth to swap debt for equity in bankruptcy Prime Clerk Gets Private Equity Investment, JG Wentworth Work New Delaware Chapter 11 Filing – Orchard Acquisition Company, LLC
(DBN)

______________

Telecoms:

Over 80% of Americans Oppose Ending Net Neutrality
(DBN)

______________

Fraud:

Wilbur Ross Accused of Insider Trading
(DBN)

______________

Personal Finance:

Giving money to adult children could trigger financial ruin
(DBN)

______________

Aviation:

Some money of Island Air's missing 401K plan to be restored
(DBN)

______________

Hedge Funds:

What Hedge Funds Will Do After the Hedge Fund Model Dies
(DBN)

______________

UK:

Monarch Airlines: Will stranded passenger see money after bankrupt airline sells slots?
(DBN)

Debt-laden Carillion secures deal to sell part of UK healthcare unit
(DBN)

EU Warns UK on Brexit Reneging Theresa May risks defeat as Tory rebels prepare to back 'meaningful vote' on final Brexit deal
(DBN)

Tesco bosses 'bullied' employees into false accounting, court hears
(DBN)

'The gap has narrowed': UK unemployment is close to a record low — and wage growth is finally picking up
(DBN)

______________

PIIGS:

Betting on A Greek Recovery
(DBN)

______________

India:

Circular on anomaly shows goals of code take priority
(DBN)

New liquidation waterfall: A sea change for creditors
(DBN)

Insolvency crisis: Bankers to meet IBBI officials, say cannot share loan information with IU
(DBN)

Insolvency and Bankruptcy Board of India to decide fate of loan guarantors
(DBN)

Allow defaulters in resolution plans: Companies, industry associations
(DBN)

Jindal for uniform bid rule
(DBN)

Canada's $255 Billion Fund Says India Stressed Assets Are Costly
(DBN)

______________

MENA:

Saudi Shoura passes draft bankruptcy law Saudi Arabia advisory council approves draft bankruptcy law
(DBN)

______________

Mexico:

A Nasty, NAFTA-Related Surprise: Mexico’s Soaring Obesity
(DBN)

______________

China:

China's GDP growth set to plunge to near 30-year low in 2018, ADB warns
(DBN)

Free money from China comes with strings — as one country's learning the hard way
(DBN)

______________

Switzerland:

Darwin Airline announces bankruptcy to staff
(DBN)

______________

Brazil:

Brazil's Oi files new restructuring plan allowing takeover by bondholders
(DBN)

______________

Mozambique:

Erik Prince to Partner With Mozambique's Hidden-Debt Companies
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017