January 26, 2017

The Daily Bankruptcy News

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Law:

Big Firm Announces Big Bonuses
(DBN)

Associate Bonus Watch: How To Keep Your Associates Happy
(DBN)

Survey finds some optimism about demand for legal services, and Trump may be partly the reason
(DBN)

15 Partners to Depart Sedgwick Drinker Enters Dallas as Sedgwick Sheds 40 Lawyers in Texas, New Jersey
(DBN)

How Artificial Intelligence Will Revolutionize eDiscovery
(DBN)

New Litigation Funding Rule Seen as 'Harbinger' for Shadowy Industry
(DBN)

Dechert Partner Is Trump's Likely Pick to Head 'President's Law Firm' Within DOJ
(DBN)

Fennemore Craig Implements ROSS Intelligence Technology In Its Bankruptcy Practice
(DBN)

Law School Is Greeting The New Trump World Order With Jokes
(DBN)

Which law schools offer the best and worst return on investment? Law Schools Ranked by Their Graduates’ Salaries
(DBN)

Secret Recording: Charlotte Bar Passage Rates Would Have Been ’20-Something Percent’
(DBN)

Trump's own attorneys have rebuffed his claims of voter fraud Trump Demands a Major Investigation into Imaginary Voter Fraud House Dems Now Want Their Own Voter Fraud Investigation Trump Voter Fraud Investigation Could Target People Like His Own Chief Strategist Steve Bannon
(DBN)

The Emoluments Clause for Dummies
(DBN)

Draft executive order contemplates reopening CIA prisons, interrogating terrorists outside US
(DBN)

Suit claims police used excessive force against lawyers and journalists at inauguration Multiple Journalists Say They Face Felony Charges for Covering Inauguration Protests
(DBN)

An Undeniable Performance In A Legal Thriller
(DBN)

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Judges:

Bankruptcy Judge Threatens To Use Force Against UST Lawyer In Terse Benchslap
(DBN)

The Candidates for a Stolen Seat
(DBN)

Trump can’t break the Supreme Court
(DBN)

Hardiman, Gorsuch Top Trump’s Supreme Court List, Source Says
(DBN)

Trump Supreme Court justice pick narrows to two names
(DBN)

Here’s why I think Hardiman is more likely than Gorsuch to be Trump’s Supreme Court nominee
(DBN)

Trump finished with Supreme Court interviews
(DBN)

Conservative groups trying to derail two potential Supreme Court picks
(DBN)

Judge blasts Women's March as a 'hissy fit': 'Trump got a million FAT WOMEN walking'
(DBN)

In PACER Suit, a Class Action Even Defense Lawyers Can Love
(DBN)

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Wall Street:

U.S. stocks set for fresh records at the open with Dow plowing further above 20K
(DBN)

Dow Jones industrial average reaches new high, tops 20,000 level for first time
(DBN)

Wall Street Vet Brad Reifler Files for Personal Bankruptcy
(DBN)

Dow 20,000 Is No Vote of Confidence
(DBN)

President Trump cheers Dow 20,000 as only he can
(DBN)

10 things you need to know before the opening bell
(DBN)

One slip from Trump and this rally will grind to a halt, former Fed governor says
(DBN)

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Layoffs:

Harvard's endowment is expected to lay off half its staff
(DBN)

Struggling Abercrombie cutting 150 jobs
(DBN)

Bluehost owner Endurance is laying off 440 people
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

McCain rebukes Trump: 'We are not bringing back torture' in the US A 70-foot 'Resist' banner is now hanging near the White House Trump is still using his unsecured Android phone Fact Check: "There's one (study) that came out of Pew in 2008 that showed 14 percent of people who voted were noncitizens." Suit Accuses Trump Organization of Stiffing Contractor for Work on DC Hotel Trump administration mandates all EPA studies must go through political appointees first Trump’s Family Business Gets Two New Ethics Overseers, Source Says
(DBN)

Democrats Block Trump at Their Peril as Labor Climbs Aboard Trump Train
(DBN)

GOP Dismayed Over Trump's False Insistence on Illegal Voting State-Federal Election Officials Call Out Trump Over Unfounded Voter Fraud Claim ABC, USA Today: Trump Repeats Untrue Voter Fraud, Inauguration Size Claims GOP Leaders Disagree with Trump on Voter Fraud
(DBN)

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Movies:

Universal Wins Bidding War for Michael Bay-Produced Script About Trump-Like Dystopia
(DBN)

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Healthcare:

Mallory fires back at bankruptcy trustee, claims he attempts to rewrite HDL's history
(DBN)

Rand Paul just introduced his 'Obamacare Replacement Act'
(DBN)

Medical bankruptcies likely to rise
(DBN)

Republicans Start to Get Real on Health Care
(DBN)

What Happens When Doctors Only Take Cash
(DBN)

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Fraud:

Madoff victims cannot sidestep $7.2 bln settlement -U.S. judge Madoff Investor Loses Appeal to Unblock $11B Suit Federal judge blocks litigation endangering settlement for Bernie Madoff victims
(DBN)

Admission of Fraudulent Intent Is Not Conclusive Evidence of Fraudulent Intent (Sometimes)
(DBN)

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Coal:

In Coal, Friends Can Prove Costly
(DBN)

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Ethanol:

Ethanol Has Few Friends in the White House
(DBN)

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Mass Torts:

Montana Asbestos Mine Settlement Little Comfort to Future Victims
(DBN)

Asbestos Trust Seeks Chancery Seal On Manager's Ouster
(DBN)

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Trucking:

Bill Hall Jr. Trucking company back in bankruptcy
(DBN)

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Travel:

Business travelers have a new favorite way to get around
(DBN)

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Economy:

Goldman Sachs FOMC Preview
(DBN)

State Unemployment Rates: Current vs. 2007 Recession
(DBN)

Trump's deal with automakers is lopsided Auto Execs Plan Moves Over NAFTA Threats German Automakers Warn Trump on Curbs
(DBN)

Wilbur Ross and the Era of Billionaire Rule
(DBN)

How ‘Art of the Deal’ explains Trump’s actions as president
(DBN)

Meet the Man Who Will Explain Trump to the World’s Great Economic Powers
(DBN)

Trump Loves Debt, But It Won't Love Him Back
(DBN)

President Trump, Job Creator?
(DBN)

Trump's Economic Approach Starts to Take Shape
(DBN)

It's already fairly obvious where Trump's infrastructure push will turn into a dogfight
(DBN)

The Fall and Rise of the U.S. Economy, from the Wall Street Crash until Now
(DBN)

Here’s How Trump Could Drive the Economy Into a Ditch
(DBN)

Behind Trump pipeline orders, a pledge to deliver energy jobs President Trump orders American steel for oil pipelines How Donald Trump’s Keystone and Dakota Pipeline Giveaways Proves He’s a Terrible Dealmaker
(DBN)

Trump: Here Comes The Wall Trump Moves Shake Deep U.S.-Mexico Relationship How Mexico's President Laid the Foundation for a Wall What Trump's Wall Will Cost Mexicans are lashing out at their own government over Trump's border plans Here's Who Could Get Deported Under President Trump's New Executive Order Mexican Cement Maker Poised to Profit From Trump’s Wall Donald Trump's Tough Talk on Trade With Mexico Weighs on Logistics Boom Trump's executive order on immigration includes a plan to publish a weekly list of crimes committed by 'aliens' Trump orders could deport millions, build wall...but it won’t be easy Mexican president ‘rejects’ Trump orders, vows to protect immigrants inside US The cost of Trump's immigration battle with America's cities TX: GOP Congressman Slams Trump Over Wall How Antonin Scalia’s Ghost Could Block Donald Trump’s Wall
(DBN)

Soon there could be a Trump hotel in every major US city
(DBN)

Mexico issued an ultimatum to the Trump administration What Trump gets wrong about Hispanics in the U.S. Trump Targets Sanctuary Cities
(DBN)

Cuban: 'I like' Trump's business ideas, but 'it's everything else that concerns me'
(DBN)

Anti-immigrant sentiment is spreading in the Americas
(DBN)

Republicans are about to lay waste to a slew of Obama-era regulations The Fine Print in Trump's Regulation Memo A new report claims there are 297,696 U.S. regulations that restrict manufacturing
(DBN)

A GOP Tax Plan Aimed at the Middle Class, Not Rich Investors
(DBN)

Is Trump keeping his economic promises? Here are eight ways to know.
(DBN)

Mnuchin Abandons the`Strong Dollar' Mantra
(DBN)

US Deficit to Shrink This Year, Then Rise
(DBN)

R.I.P., TPP Trump Can't Kill the TPP
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Continuing a Foreclosure Sale: Violation of the Automatic Stay or Not?
(DBN)

Buyers haven’t flocked to new homes this much since the bubble
(DBN)

Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Pulte tops estimates, says the average home price jumped 10.7%
(DBN)

Mailing Error Shouldn't Get ResCap Off Hook, 2nd Circ. Told
(DBN)

Cash sales increase yet again in October
(DBN)

FHFA: Home prices barely increase in November
(DBN)

San Antonio: Poorly-performing office building on 410 bought after bankruptcy
(DBN)

Chicago: Buyer emerges for Loop site stuck in bankruptcy
(DBN)

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Municipalities:

The CEO of a giant Chicago company says big business has 'a moral obligation' to help struggling cities
(DBN)

Puerto Rico : How To Play Hardball With Bondholders
(DBN)

USVI On Precipice Of Collapse, Says Veteran Bond Market Reporter
(DBN)

Dallas could scrap troubled pension plan if legislation fails
(DBN)

Dallas pension board: Talks with city 'all but collapsed'
(DBN)

Report highlights New Haven as debt-ridden city
(DBN)

Failed racetrack deal could bankrupt County
(DBN)

Welcome to the Virgin Islands, One of the Most Indebted Places in the US
(DBN)

Trump compares Chicago violence to Afghanistan
(DBN)

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Oil/Gas:

Hess loss widens as production falls This is our year, Hess Corp. says
(DBN)

U.S. Oil Companies Rush Back to Work
(DBN)

Oil prices rebound as investors shrug off another jump in U.S. inventories
(DBN)

Oil Price Meltdown – Is Trump Setting The Oil Markets Up For Another Bust?
(DBN)

The 6 U.S. States Most Impacted By The Oil Bust
(DBN)

‘’Oil To Remain Below $60 Through 2018’’
(DBN)

Oil and gas industry adds jobs for first time in over two years
(DBN)

BP warns of price pressures from long-term oil glut
(DBN)

BP Outlook: World projected to fall far short of Paris climate accord Exxon praises Paris Agreement in signal to Trump
(DBN)

Housing's Labor Pains Spread to the Oil Patch
(DBN)

The unemployment rate in Canada's oil patch soars to a 22-year high
(DBN)

The Trump administration may be one of the most oil-friendly in history
(DBN)

Oil Supermajors' Debt From the Crude Collapse May Have Peaked
(DBN)

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Shipping:

Hanjin: Some Lessons Learned
(DBN)

Korea Extends Aid Package to Hyundai Merchant Marine
(DBN)

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Education:

Former students say for-profit nursing program in Maine was a 'sham'
(DBN)

States Move to Intervene in Federal Case on For-profit College Watchdog
(DBN)

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Telecoms:

Xtera Cancels Ch. 11 Auction, Plans Sale To HIG Unit
(DBN)

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Awards:

Bankruptcy award named for Marvin and Sue Sicherman
(DBN)

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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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Bankruptcy filings continue to fall
(DBN)

Bankruptcies Might Be Down, But Far From Out
(DBN)

Bankruptcy Filings Fall 5.9%, Reach Lowest Level Since 2006
(DBN)

Numerous companies in the sports and sporting goods industries have filed for chapter 11 relief in the last 12 months
(DBN)

The Eastern District Of New York Leads All Others For Chapter 11 Business Cases Across All Liabilities Ranges
(DBN)

Delaware Tops All Court Districts For Most Cases Reporting Over $10 Million In Liabilities
(DBN)

Puerto Rico’s bankruptcy filings drop 2% in ’16
(DBN)

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TIA:

Second Circuit Green-Lights Out of Court Restructurings of Bonds, Holding That TIA Only Prohibits Amendments to Core Payment Terms
(DBN)

Amendment of Core Payment Terms Only: Second Circuit Court of Appeals reverses the Marblegate challenge to Section 316(b) of Trust Indenture Act 1939
(DBN)

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Cross-Border:

Second Circuit Refuses to Expand Scope of Chapter 15 of the Bankruptcy Code
(DBN)

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Subordination:

No Subordination in Ninth Circuit for a Stock Conversion Claim
(DBN)

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Sales:

Assets Are Sold Free & Clear of Debtor’s Insurance Experience Rating
(DBN)

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Avoidance Actions:

SDNY Rejects Fraudulent Conveyance Claims Regarding Leveraged Buyout
(DBN)

Avoiding Workout Payments As Preferences
(DBN)

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Liens:

Debt Owner Can't Refuse Payment To Get Restaurant: Judge
(DBN)

Explicit Provision Required to Maintain Secured Status in a Plan
(DBN)

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Appeals:

Eleventh Circuit Agrees with Seventh Circuit that an Unauthorized Bankruptcy Court Order Is Not a “Judgment, Order, or Decree” for Purposes of 28 U.S.C. § 158(d)(2)(A)
(DBN)

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Ch. 13:

Massachusetts District Judge Nixes Notion of Forced Vesting in Chapter 13
(DBN)

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Conflicts:

Implant Sciences Equity Holders Say Adviser Is Conflicted
(DBN)

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Autos:

No bankruptcy deal, Takata says
(DBN)

Big Questions Mount Over Fiat Chrysler
(DBN)

Vehicle Sales Forecast: Sales Around 17 Million SAAR in January
(DBN)

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Retailing:

Debt-Laden Retailers Stumble To Keep Up With 'Fast Fashion'
(DBN)

Defunct Sports Authority sues 2 former execs for unpaid loans
(DBN)

Luke's Locker Tries To Outrun Bankruptcy With Store Closings, Files Chapter 11
(DBN)

Sports Authority Customers Are Shopping Somewhere, Not Sporting Goods Stores
(DBN)

Wet Seal to close stores, lay off workers
(DBN)

Retailers to Congress Over Trump Tax Threat
(DBN)

Standard General Sues Insurer Over Dov Charney Coverage
(DBN)

As Industry Tumbles, 6 Retail Chiefs Who Can’t Be Fired
(DBN)

The Limited bids farewell “it’s been an honor to provide fashion for you”
(DBN)

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Agriculture:

California farmers can't win as monster storms threaten crops
(DBN)

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UK:

RBS to take another multi-billion pound charge for mis-selling
(DBN)

Third Party Funder Subrogated to IP’s Right to Payment of Fees
(DBN)

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EU:

Euro Could Fail Within 18 Months
(DBN)

Hedge Funds Tempted by European Trades of Woe
(DBN)

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PIIGS:

Greece- Creditors Agreement by End February With IMF Participation Greece's Tsipras Insists on 'Not One Euro More' of Austerity Whispers of 'Grexit' start again
(DBN)

Spain's Jobless Rate Falls to 18.6%
(DBN)

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Hong Kong:

Hong Kong’s amended winding-up legislation enhances protection for creditors
(DBN)

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Mozambique:

Mozambique Bondholders View Default As 'Strategic'
(DBN)

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MENA:

New UAE Insolvency Law
(DBN)

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Brazil:

Brazilian police seek arrest of billionaire Batista, local TV reports
(DBN)

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