February 13, 2017

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: No Memo, No Problem
(DBN)

Associate Bonus Watch: Mo’ Money At MoFo
(DBN)

Dewey Retrial Inches Forward As Juror Troubles Continue
(DBN)

Startup helps consumers evaluate lawyers by compiling win records
(DBN)

Texas Legal Recruiter is En Fuego
(DBN)

A Smaller Cadwalader Sees Revenue Drop, Profits Rise
(DBN)

Law School Naming Rights Settlement Falls Apart, As University Of Houston, South Texas Head To Mediation
(DBN)

Linklaters silent over air-rage armrest passenger’s solicitor claim
(DBN)

Are Law School Applications Bottoming Out? One School Sees A Remarkable Rise After Declines Of 40% In Enrollment And 10 Points In 25th LSAT Percentile, Does Hofstra's 100% Application Surge Signal Better Times Ahead For Law Schools?
(DBN)

Senate committee to hold confirmation hearing for Trump's bankruptcy lawyer Jewish Left Focusing Anti-Trump Frenzy on David Friedman Nomination
(DBN)

Two Arrested at Panama Papers Law Firm Panama Arrests Partners in Mossack-Fonseca Firm
(DBN)

9th Circuit lets stand restraining order against Trump travel ban: Will case be heard en banc? Five Signs Even The Ninth Circuit Knows Trump Will Win Travel Ban Fight In End Trump’s Options for Restoring Travel Ban The Vulnerabilities in the Ninth Circuit’s Executive-Order Decision White House may draft new immigration order in response to 9th Circuit ruling Trump: New Steps Coming to 'Keep Country Safe' Trump May or May Not Appeal Ban to SCOTUS Thoughts on a Strange Day—and a Very Strange Presidential Tweet 9th Circuit to Trump: Rhetoric matters The Ninth Circuit Rejects Trumpism Lessons from State of Washington v. Trump Report: Dozens of terror convicts from ban countries
(DBN)

High Prevalence And Low Prevention Of Lawyers’ Eating Disorders
(DBN)

3 Tips For Managing Distractions Caused By Out-Of-Work Stress
(DBN)

Law Firm Basics: How To Cross-Sell Like A Pro
(DBN)

LGBTQ In Biglaw: Advice For Law Firms And For Job Seekers
(DBN)

Why Do We Still Let 12 Year Old Girls Marry?
(DBN)

24 unprofessional habits that could cost you a job
(DBN)

NFL Warns Texas Over Bathroom Bill
(DBN)

Cities Where Crime is Plummeting
(DBN)

Uber Glitch Let Wife Track Husband, Now He’s Suing Them for Failed Marriage
(DBN)

The Day The Lawyer Jokes Died
(DBN)

A plague on lawyers: Stephen Glover's blisteringly provocative critique on the greed, self-importance and lack of scruples of Britain’s last unreformed vested interest group
(DBN)

Police Say Man Accidentally Texted Murder Plot to Former Employer
(DBN)

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Judges:

BK MA Closed Monday Due To Weather BK ME (Bangor and Portland) Closed Due To Weather BK NH Closed Intense snowstorm wallops the Northeast
(DBN)

Fact Check: '9th Circuit is the 'most overturned court' in the country'?
(DBN)

Without mentioning Trump by name, federal judge takes aim at the president’s comments Why Trump Has Declared War on the Judiciary Standing up for ‘so-called’ law A constitutional lesson for a new president Trump Tried to Intimidate the Judges Over His Ban, and He Failed Why Does Donald Trump Lash Out at Everybody, Even Judges? Statement of the Federal Bar Council
(DBN)

Security is reportedly increased for some judges in immigration cases following threats
(DBN)

Gorsuch Was Trying to Warn America Donald Trump’s Supreme Court Pick Came Of Age In A Very Different Republican Party
(DBN)

As Trump tweets, legal community turns eyes to John Roberts

11th Circuit revives Alabama justice’s First Amendment suit over disciplinary probe
(DBN)

Judge Accused of Calling Woman ‘Fat N-----’
(DBN)

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Wall Street:

US stocks on pace to continue their run of records
(DBN)

S&P, Dow and Nasdaq post another record close on Trump trade resurgence
(DBN)

Goldman Sachs handed a promotion to one of its youngest ever partners
(DBN)

NY Panel Says Bear Fund Liquidators Suit Time-Barred
(DBN)

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Layoffs:

Andersons: 920 store layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Gander Mountain preparing to file for bankruptcy
(DBN)

8 retailers that are shrinking across America
(DBN)

Are malls secretly hoping Sears goes bankrupt ? Why Sears stock is soaring after bankruptcy rumors Sears weighs more store closures as a part of $1 billion cost savings push Sears Vows to Cut $1 Billion in Expenses Sears gets new lifeline and stock soars Just by sticking around, Sears has hurt Macy’s Sears Rallies After CEO Assures Investors He Has Comeback Plan Sears Cuts Costs, Pension Obligations
(DBN)

Bankruptcy Court Approves Sale of Nasty Gal
(DBN)

The Wet Seal Goes on the Auction Block
(DBN)

Payless Is in Talks to Close 1,000 Stores
(DBN)

Marbles starts liquidation sale, closing 37 stores
(DBN)

Macy's Last Line of Defense: Everyone Else at the Mall
(DBN)

Luxury shoppers have a completely new attitude, and it's killing traditional retail
(DBN)

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Fraud:

This Bill Paying Scam May Bankrupt You Instead
(DBN)

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Videogames:

Rhode Island reaches final $16M settlement on Curt Schilling videogame company loan
(DBN)

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Shipping:

Ultrapetrol Cleared for Speedy Chapter 11
(DBN)

Better 2017 expected for shipping industry
(DBN)

Rough road ahead as Hanjin liquidates
(DBN)

Creditors Blast International Shipholding's Ch. 11 Plan
(DBN)

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Politics:

Trump: Mark Cuban is 'not smart enough to run for president' The most powerful man in banking just quit on President Trump The timeline of Trump's ties with Russia lines up with allegations of conspiracy and misconduct US officials confirm elements of Russia dossier that targeted Trump Russians Did Contact Trump Campaign We Are Already Struggling to Keep Outrage Alive in the Age of Trump The President's Credibility Gap Is Also the Nation's Trump Will Cause US Power to Collapse Trump Stunned Gov't Not Like Running a Biz Mr. President, I'd Like to Introduce You to Andrew Jackson Trump spreads debunked story about CNN cutting off Sanders for calling the network 'fake news' Mark Cuban taunts Trump after the president attacks him on Twitter: 'Lol' Top GOP senator launches 2-day tweetstorm imploring Trump to pay attention to issues The hottest new corporate PR strategy is giving Trump credit for stuff he didn't do Trump’s early actions will widen America’s political demographic divide Trump's 1990 interview perfectly lays out his view of the world
(DBN)

'You have provided absolutely no evidence': Stephanopoulos grills Trump adviser in a testy interview about voter fraud
(DBN)

Melissa McCarthy returns to 'SNL' as a 'calm' White House Press Secretary Sean Spicer Alec Baldwin's Trump defends travel ban in 'The People's Court' on 'SNL'
(DBN)

Sears, Kmart drop 31 Trump Home items from their online shops Ivanka Trump's foreign manufacturing practices could be her brand's next big headache
(DBN)

Warren Raking in Millions in Campaign Donations Elizabeth Warren’s Letter To Goldman Sachs Actually A Subtle Diss Of Gary Cohn
(DBN)

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Travel:

Why America’s Airports Suck
(DBN)

Another major storm is set to pound the northeastern US with 8 to 16 inches of snow
(DBN)

United pilot replaced after intercom rant
(DBN)

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Finance:

Understanding Agreements among Lenders: How the Unitranche Differs from an Intercreditor Agreement
(DBN)

Could Trump End Up Saving the Export-Important Bank?
(DBN)

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Eyewear:

Hillair Capital Provides DIP Financing to PFO Global
(DBN)

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Corporate Reform:

Here’s how Trump could dismantle Wall Street reform
(DBN)

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Food/Beverage:

Whole Foods' dream transformed into its worst nightmare
(DBN)

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Economy:

Great Recession is Actually Still With Us
(DBN)

Update: "Scariest jobs chart ever"
(DBN)

Consumer sentiment shows concerning partisan gap Consumer Confidence Falls After Election Preliminary February Consumer Sentiment declines to 95.7
(DBN)

Fitch: Trump Poses Threat to Global Economy
(DBN)

Merrill Lynch: Market Participants "underestimating the risk of an uncertainty shock to the economy"
(DBN)

How Trump could trigger a bust in the American West
(DBN)

Top Federal Reserve Official Resigns Fed’s Tarullo to Step Down in April
(DBN)

Trump Has a Chance to Remake the Federal Reserve
(DBN)

Retail and apparel will be hit the hardest by Trump's 'America First' plan
(DBN)

Why shocks to large banks cause big GDP swings
(DBN)

Federal Spending Grew Most Under Bush and Reagan
(DBN)

Steven Mnuchin: The man and money behind Hollywood hits Senate nears confirmation of Trump's pick to head Treasury
(DBN)

White House: Cohn-Led Tax Plan Is Real and It’s Phenomenal
(DBN)

Fact Check: "If you have a family, the current minimum wage easily qualifies you for food stamps."
(DBN)

Millennials May Be Even More Reliant on Social Security Than Baby Boomers
(DBN)

A teacher argues the profession deserves more pay: 'I love my job — but I'm broke'
(DBN)

ICE Arrests Hundreds in Nationwide Sweep Mexico is gearing up for a wave of deportations from the US Fact Check: Are Immigration Raids Result of Trump Policy? What to Know About Recent Immigration Raids in U.S. Cities Cornyn: Texans Not Crazy About the Wall Idea Looks Like Mexico Will Get a Much Bigger-than-Expected Bill for Trump’s Wall The Economics of The Wall Paying for the Wall Mexico Warns Citizens of New Reality in US Unintended Consequences of Trump's Wall
(DBN)

America's Fastest Growing Cities
(DBN)

Jobs Will Still Leave America Under Trump
(DBN)

The collapse of the middle class through the lens of Anchor Hocking Glass Co
(DBN)

America’s Biggest Creditors Dump Treasuries in Warning to Trump Foreigners Are Fleeing From Treasury Bonds, But It's Probably Not Trump's Fault
(DBN)

Trump Is Right that Trade Has Cost Jobs. But His Solution Is Terrible.
(DBN)

These Countries Could Be Trump’s Next Trade War Targets
(DBN)

President Trump's Tweets Have Companies Playing Defense
(DBN)

Trump-Trudeau meeting underlines delicate task of remaking NAFTA
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fitch: Trump tax cuts could force another Fannie Mae, Freddie Mac bailout Fed's Bullard says GSE reform could lead Fed to dump Fannie, Freddie holdings
(DBN)

16 South Floridians indicted for condo unit mortgage fraud scheme
(DBN)

WMI Hits Back At $5M Tax Consulting Fee, Sanction Claims
(DBN)

Home loans seriously underwater hit new low
(DBN)

High-velocity housing market in Northwest continued during January
(DBN)

Sacramento Housing in January: Sales up 14%, Active Inventory down 20% YoY
(DBN)

Update: The Inland Empire Bust and Recovery
(DBN)

Urban Institute: Where have all the borrowers gone?
(DBN)

The future of the Hamptons is uncertain as prices plummet and luxury buyers head north
(DBN)

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Municipalities:

Puerto Rico to seek deeper concessions in utility deal
(DBN)

Richmond: Pension costs stoke bankruptcy fears
(DBN)

Taxing Legal Marijuana: A Hazy Issue for Municipal Bankruptcy
(DBN)

When cities are at the financial brink: A case for 'intervention bankruptcy'
(DBN)

Detroit: School closings come with economic risk
(DBN)

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Oil/Gas:

State coffers won’t cover cost of cleanup if oil companies walk away
(DBN)

Wall Street's love affair with energy heats up as rigs soar
(DBN)

Well Leaseholders Say Triangle USA Plan Is Ambiguous
(DBN)

Rig count hops up 12; Permian Basin again drives rise Is There A Reason To Fear Oil Rig Increases?
(DBN)

Why The Huge Inventory Build Didn't Crash Oil Prices
(DBN)

Little optimism bubbles up in offshore drilling
(DBN)

OPEC's Amazing and Shortlived Compliance IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants OPEC Deal Looks Shaky Despite ‘Good’ Compliance Rate OPEC sticking to production cuts, says IEA Will Rising U.S. Production Drive OPEC Into A Corner?
(DBN)

Bulls Optimistic, But Pitfalls For Oil Remain
(DBN)

Is $60 Oil Within Reach? Is $60 Oil Within Reach?
(DBN)

Oil falls on rise in US drilling, selling ahead of OPEC report
(DBN)

Oilfield Services Rush To Raise Capital As Oil Recovery Holds
(DBN)

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Celebs:

'Dance Moms' Abbey Lee 'Trying To Stay Positive' As She Faces Jail
(DBN)

DOJ Moves To Foreclose On Wyly Widow's Dallas Home
(DBN)

Thriller in the courtroom on first day of MJ trial
(DBN)

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Non-Profits:

'I just want to be a mother:' Families agonizing after adoption agency suddenly closes Adoption agency's sudden closure leaves prospective parents hanging
(DBN)

After bankruptcy, Milwaukee YMCA strengthens finances
(DBN)

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Circuses:

Rebirth for Big Apple Circus? Buyer Could Save Bankrupt Big Apple Circus; Show to Return for the Holidays?
(DBN)

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Sporting Goods:

Performance Sports Group Reaches Settlement With Q30 Sports
(DBN)

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Consumer Finance:

An Ivy League professor who spent 4 months working in a South Bronx check-cashing store says we're getting it all wrong
(DBN)

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Personal Finance:

21 words never to include on your résumé
(DBN)

A 29-year-old who paid off over $100,000 of student loans gives her 3 best pieces of debt-repayment advice
(DBN)

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Student Debt:

Shorting Student Debt Is The World’s Hottest Completely Hypothetical Trade
(DBN)

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Fraud:

Madoff Trustee Overstepped Authority, Properly Reined In by Court
(DBN)

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Tax:

Rochester B-School Prof Sentenced To Prison For Hiding Assets In Swiss Accounts, Evading Taxes
(DBN)

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Education:

College Endowment Returns Sink To Their Lowest Level Since The Financial Crisis
(DBN)

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Aviation:

Airline restructuring: successful survival strategy or more of the same?
(DBN)

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Bankruptcy Crimes:

Man facing host of bankruptcy fraud charges in Topeka
(DBN)

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Currency:

Hedge funds buying Mt. Gox clients' claims: report Hedge funds gamble on Mt Gox bitcoin payout
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

January Chapter 11 Business Filings Down 19 Percent from Last Year
(DBN)

Wisconsin Bankruptcy Filings Lowest in 9 Years at Over 16.8K
(DBN)

A new age of debt
(DBN)

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IP:

Keeping Your Cool in the World of Trademarks and Bankruptcy
(DBN)

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Avoidance Actions:

S.D.N.Y. Bankruptcy Court Dismisses Preference Action Involving International Transfer
(DBN)

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Insurance:

Fla. Appeals Court Extends Time To Sue Bankrupt Insurers
(DBN)

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Healthcare:

Justices Urged To Keep Medicare Row In Bankruptcy Court
(DBN)

La. Health Agency Wants NOLA Hospital's Del. Ch. 11 Moved
(DBN)

Obamacare repeal 'could be a disaster' for states fighting one of America's biggest epidemics
(DBN)

An old drug gets a new price to fight a rare disease: $89,000 a year
(DBN)

Dozens of clinic patients were wrongly told they had Alzheimer’s, suit alleges
(DBN)

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Cross-Border:

Russian Bank Linked To Embezzlement Gets Ch. 15 Protection
(DBN)

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Barton Doctrine:

MF Global Insurers' TRO Appeal Denied As Moot
(DBN)

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Ch. 13:

Judge Basier: Debtor May Redeem Real Property Sold At Tax Sale And Pay Redemption Amount Over Term Of Chapter 13 Plan
(DBN)

Judge Finds Several Reasons to Relieve Debtor of Counsel’s Mistake
(DBN)

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Means Test:

Fourth Circuit: Debtors Entitled To Full National And Local Standard Amount Of Expenses If They Incur An Expense In That Category.
(DBN)

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Litigation:

A Lender’s Federal Post-Judgment Interest Quandary
(DBN)

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Conversion:

Courts Split on Retention of Property on Individual’s Conversion from Chapter 11 to 7
(DBN)

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TBTF:

Former AIG CEO finally admits to two terrible things he did Ex-AIG Chief Settles Fraud Case After 12 Years
(DBN)

No one went to prison after 2008 financial crisis — and the fault lies with us
(DBN)

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UK:

Insolvency veteran Peter Dinoris tips tough times for building sector
(DBN)

UK woman’s 150-year-old wedding dress lost at bankrupt cleaner, recovered after Facebook appeal
(DBN)

Insolvency Service calls in forensic accountants to aid BHS investigation Frank Field: Insolvency Service 'has raised its game' on BHS
(DBN)

Trump will face 'biggest ever protest' when he arrives in the UK
(DBN)

BHS collapse prompts MPs to recommend private companies face more scrutiny
(DBN)

Co-Op Bank Starts Sale Process, Mulls Debt for Equity Swap Clifford Chance scoops top Co-op Bank sale role
(DBN)

RBS is planning to cut jobs and axe branches to save £800 million in 2017
(DBN)

Brexit immigration cuts could force Brits to work for a lot longer and possibly for smaller pensions
(DBN)

Britain's companies warn that there could be an EU worker exodus this year
(DBN)

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PIIGS:

There's a scheme to save struggling Irish companies from going under, but it's never been used. Here’s why
(DBN)

Athens yet to respond to lenders' latest proposal Greece's two-year yields approach 10% amid standoff EU. IMF Agree on Stance Over Greece IMF's Stand on Greek Bailout Unnerves Europe Greece's Latest War of Words With IMF Imperils Review Deadline Eurozone chief heads to Brussels to give Greece talks a push Greece and its Creditors Square Up as New Deadline Looms Greece hits back at IMF and German creditors over debt impasse European Commission: Euro Zone Stability Threatened if Greece-Creditors Talks Drag on Negotiations Between Greece, Creditors End Without Agreement Greece, creditors narrow their differences in bailout talks Greece, creditors make 'substantial progress' in bailout talks Greek Bond Could Set Deadline on Country's Talks With Creditors Greece's Creditors Prepare United Front to Break Deadlock EU urges Greeks and creditors to hammer out a deal quickly Greece to exceed its primary surplus target in 2018 - Commission
(DBN)

‘Burnt Out Tank’ Becomes Symbol of Changed Irish Bank Landscape
(DBN)

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Canada:

Debt-ridden First Nations group to give audit of ex-chief to RCMP
(DBN)

Toronto has a boatload of unoccupied homes
(DBN)

Alberta's Growing $30-Billion Liability: Inactive Wells
(DBN)

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India:

If we find a problem with the regulations, we will modify them: M.S. Sahoo
(DBN)

Corporate insolvency set-up to be fully functional by 31 March
(DBN)

Why Bad Bank May Be A Game-Changer In Sorting Out The NPA Mess
(DBN)

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Australia:

Public-private partnership consortium calls insolvency firm
(DBN)

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Venezuela:

Nearly Bankrupt Venezuela Picks Fight With Russia's 'Darth Vader'
(DBN)

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Netherlands:

Bondholder group challenges Dutch ruling on Oi units' insolvency
(DBN)

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Germany:

Germany's Solarworld cuts jobs, production as loss widens
(DBN)

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Brazil:

Cerberus to unveil proposal for Brazil's Oi in March -source
(DBN)

Brazil on the Verge of Chaos
(DBN)

Olympic ghost town: Bills due, venues empty after Rio Games
(DBN)

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Nigeria:

Nigeria's Arik Air founder eyes lawsuit over government takeover Hope Rises for Arik After Amcon Take Over AMCON Discovers 'Rot' In Arik Air, Says Airline Requires N10b To Resume Full Operations
(DBN)

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China:

China's Zombie Province Shows What's Wrong With Its Bond Market
(DBN)

110 Japanese went bankrupt in China last year: report
(DBN)

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Singapore:

Singapore's Big Banks' Bad-Loan Woes May Be Getting Worse
(DBN)

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Mongolia:

How the World's Fastest-Growing Economy Went Bust
(DBN)

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