February 24, 2017

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Better Late Than Never
(DBN)

Demand For The Billable Hour Is Down
(DBN)

Balancing Military Command with an AmLaw 50 Partnership
(DBN)

Biglaw Partner’s Lawsuit Over A Restaurant Bill Raises More Questions Than Answers
(DBN)

Hogan Lovells Boosts Revenue 6 Percent While Profits Remain Flat
(DBN)

Sidley Austin Fraud Suit Heads to Arbitration
(DBN)

In Trump Era, Law Firms Prepare for Less Work, and Hiring, From CFPB
(DBN)

Polsinelli Saw Strong Revenue Growth in 2016, But Partner Profits Dropped With Addition of 44 Lawyers
(DBN)

Is Lawyer The Most Boring Job In The World?
(DBN)

In House: Come Out From Behind The Curtain
(DBN)

Tips on Resisting Trump Shared as Federal Lawyer Closes Career
(DBN)

Ex-Patton Boggs Partner Can't Sue For Malpractice, Atty Says
(DBN)

LeClairRyan opens office in Chicago
(DBN)

Mobile Lawyer Trends (And Tips) In 2017
(DBN)

Law Grad Files Rambling Lawsuit Against Twitter And Her Law School
(DBN)

Ex-Biglaw Partner And Former Client Go At It In Criminal Case
(DBN)

Even His Discarded Stories Become Movies
(DBN)

Legal assistant claims she was fired for reporting alleged scheme by DAs to hire each other’s wives
(DBN)

UK: Firm of the Year 2017: The firms with the best culture The firms with the worst culture
(DBN)

Publicy-listed firm Slater & Gordon worth less than nothing
(DBN)

California State Bar investigating former Los Angeles city attorney
(DBN)

TX: Justice Calls for End of Debtors Prison
(DBN)

Denmark Brings First Blasphemy Case In 46 Years
(DBN)

Cruz Calls for Asset Forfeiture Reform
(DBN)

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Judges:

Federal Judge Tells Holland & Knight To STFU
(DBN)

Judge Makes Critical Distinction Between T & A
(DBN)

Cruz Predicts Another Supreme Court Seat Will Open This Summer
(DBN)

Not best of times for US - Supreme Court Justice Ginsburg Better days will come, Ginsburg says in interview
(DBN)

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Wall Street:

Dow poised to break 10-day string of record closes
(DBN)

Stocks end mixed as investors seek safety; industrials slide
(DBN)

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Layoffs:

Here's the email Sears' CEO just sent to the company announcing layoffs Sears cutting about 130 jobs
(DBN)

MN: HCMC announces layoffs amid budget pinch
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Boehner: A repeal and replace of Obamacare is 'not going to happen' Obamacare just hit its highest popularity ever GOP Congressman: More Uninsured People Means More Freedom Experts Question GOP Approach to Pre-Existing Health Conditions
(DBN)

Reform Healthcare Payment While Interest Rates Are Low, Says Ex-HHS Secretary
(DBN)

The Effect of Health Insurance on Home Payment Delinquency: Evidence from ACA Marketplace Subsidies
(DBN)

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Apparel:

Gildan will continue manufacturing some American Apparel lines in the U.S.
(DBN)

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Retailing:

11 major retail chains are drowning in debt and flirting with bankruptcy, report says
(DBN)

Competitor's Bankruptcy Could Derail Cabela's Merger With Bass Pro Shops
(DBN)

All 240 Family Christian Stores Are Closing Retail chain Family Christian plans close after 85 years Three Things To Know About Family Christian Closing Down Its Stores
(DBN)

HHGregg preparing to file for bankruptcy , sources say
(DBN)

The Limited IP Sale Approved With $26.75M Winning Bid
(DBN)

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Marijuana:

Sean Spicer just warned the marijuana industry there will be ‘greater enforcement'
(DBN)

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Shipping:

Bankruptcy court frees Toisa ship from arrest, OKs loan access
(DBN)

Hanjin Creditors Fighting Over Who Can Sell Shipping Containers
(DBN)

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Hockey:

ECHL Alaska Aces folding, leaving state without pro hockey team
(DBN)

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Surfing:

Ownership of surf contest questioned
(DBN)

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Mass Torts:

New Asbestos Victims’ Group Exploring Litigation Scandals
(DBN)

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Economy:

Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in February
(DBN)

Weekly Initial Unemployment Claims increase to 244,000, 4-Week Average Lowest Since 1973
(DBN)

Trump is reportedly putting off one of his biggest economic promises until next year
(DBN)

Yes, Mass Deportations Are Coming. And We Know Why. Under New Rules, Melania Would be Deported Poll: Sixty Percent of Voters Support Illegal Immigrants Staying And Applying For Citizenship
(DBN)

Mexico Won't Rush to Negotiation NAFTA
(DBN)

Trump says he can't find any country we have a trade surplus with — here they are
(DBN)

Trump's Huge Tax Reform May Not Happen Mnuchin wants 'very significant' tax reform by August recess: CNBC
(DBN)

The US states that take the most from your paycheck
(DBN)

Trumps to CEOs: Real Jobs Have to Come Back
(DBN)

Manufacturing CEOs Push Border Tax
(DBN)

Numbers of the Working Poor Are Growing
(DBN)

Factory CEOs: Jobs Exist, but the Skills Don't
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

For millennials ready to buy a home, the pickings are slim
(DBN)

Ocwen SEC filing reveals details of CFPB mortgage servicing investigation
(DBN)

Black Knight: Mortgage Delinquencies Declined in January
(DBN)

JPMorgan pumps $1.2 million into Detroit to revitalize housing
(DBN)

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Municipalities:

‘Service-Delivery Insolvency’ is Changing Municipal Bankruptcy
(DBN)

Duggan: Orr overestimated Detroit's finances
(DBN)

Questions & answers on Detroit's pension problem
(DBN)

Trust will earmark $377M for Detroit pension payments
(DBN)

Puerto Rico Governor Says Years Needed to Fix Island Budget
(DBN)

Puerto Rico oversight board taps ex-Cleary lawyer as general counsel
(DBN)

Puerto Rico General Obligation Bond Prices Since 2014
(DBN)

Restructuring an island's economy: the case of Puerto Rico
(DBN)

First Circuit Provides Clarity to Puerto Rico Creditors Seeking Relief
(DBN)

How will the debt crisis impact Puerto Rico's chance at statehood?
(DBN)

Nearly Half of States Facing Budget Shortfalls
(DBN)

Attorneys file notice to appeal San Bernardino bankruptcy confirmation
(DBN)

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Oil/Gas:

Goldman Sachs: Global Oil Inventories To Continue Dropping
(DBN)

U.S. oil inventories rise again, while fuel stockpiles fall
(DBN)

Exxon slashes value of reserves
(DBN)

Triangle Creditor Objects To Ch. 11 Plan Tax, Stock Terms
(DBN)

Ocean Rig -31% after taking $3.5B impairment; issues Chapter 11 warning
(DBN)

Saudi Arabia's Oil Wealth Is About to Get a Reality Check
(DBN)

Norway oil companies raise 2017 investment forecasts -survey
(DBN)

Canadian oil and gas companies reduce headcount by as much as 50% during downturn
(DBN)

Breitburn sees 'framework' with stakeholders for bankruptcy exit
(DBN)

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Politics:

Why Being Donald Trump Jr., the Businessman, Won't Be Easy I'm a Silicon Valley liberal, and I traveled across the country to interview 100 Trump supporters — here's what I learned Top Democratic senator on investigating Trump's ties to Russia: 'This is a long way from over' FBI Refused White House Request to Refute Trump-Russia Link
(DBN)

Bannon: We're Here to Destroy the Gov't
(DBN)

Contrary to claims, backlash against GOP lawmakers at recent town halls appears organic
(DBN)

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Steel:

Optima Creditors Want DIP Loan Beef Resolved At Hearing
(DBN)

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Prisons:

Sessions Ends Private Prison Phaseout
(DBN)

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Nuclear:

Toshiba's US unit Westinghouse to explore Chapter 11 bankruptcy Toshiba says not aware Westinghouse considering Chapter 11 filing
(DBN)

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Lehman:

Vague Terms Kill Banks' Lehman Claims Over 600K Mortgages
(DBN)

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Distressed Investing:

Junk Bond Manager Beating 98% of Peers Bets on Stressed Debt
(DBN)

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Autos:

Elon Musk is Running Out of Money
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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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Automatic Stay:

Can’t Hide Behind the Veil (When It isn’t Pierced): Court Denies Bankrupt LLC Member’s Attempt to Use the Automatic Stay to Shield Himself from Litigation
(DBN)

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Involuntary Bankruptcy:

The Power of Three Overcomes a Putative Debtor who can Count to Twelve
(DBN)

Delaware Bankruptcy Court Sidesteps Decision on “Novel” Bar to Joinder Doctrine; Movant Failed to Demonstrate Bad Faith For Involuntary Chapter 7 Petition
(DBN)

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Insurance:

Thompson & Knight Defends $25M Fee In Life Partners Ch. 11 Investors challenging $37 million in Life Partners bankruptcy fees
(DBN)

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Mediation:

Mediation in China — Thousands of Years of Mediation History
(DBN)

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Sovereigns:

Dealing With Sovereign Debt - The IMF Perspective
(DBN)

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Receiverships:

Secured Creditors Need Not File Claims in Federal Receiverships, Circuit Holds
(DBN)

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Trustees:

UST Looking For Ch. 13 Trustee in ND OH
(DBN)

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Celebs:

Teresa Giudice Having a Spending Spree; May Find Herself Being Bankrupt Again
(DBN)

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Radio:

IHeartMedia back in the black, reports profit after 27 straight quarterly losses
(DBN)

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UK:

Sooner or later, a British university is going to go bankrupt
(DBN)

Dominic Chappell's company to sue Sir Philip Green over BHS headquarters
(DBN)

Smelting the Assets (directors’ duties/transactions at undervalue and to defraud creditors)
(DBN)

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PIIGS:

Bank of Greece governor: Implement reforms immediately Gov't plans property tax changes Tsakalotos keeps cards close to chest on deal Creditors expected to return to Athens next week Greece: Germany, IMF Near Agreement on Bailout New Greek reforms will have no fiscal impact, says FinMin Greece's Tsipras Paints Positive Picture of Future Reforms Prime Minister: Greece Made 'Honorable Compromise' on Reforms Half of Germans against debt relief for Greece, survey shows
(DBN)

Greek government offers favorable settlements for business debtors
(DBN)

Vulture Funds: Lessons from Greece
(DBN)

The Mystery of the Greek Finance Minister's Disappearance
(DBN)

Bailout Stalemate Plagues Greek Banks
(DBN)

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Germany:

Supreme Tax Court Abolishes German Restructuring Privilege
(DBN)

German Insolvency Avoidance Action Reform and its Impact on Financial and Trade Creditors
(DBN)

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South Africa:

University Of Pretoria Is On The Verge Of Bankruptcy
(DBN)

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South Korea:

Half of new businesses go bankrupt within 2 years
(DBN)

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Turkey:

Debt-laden telecoms firm reports profit fall
(DBN)

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Australia:

Phoenixing companies too easy and lucrative in Australia
(DBN)

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