July 18, 2017

The Daily Bankruptcy News

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Law:

A Law Firm Famed for Lean Staffing Gets Leaner
(DBN)

Law School Graduates ‘Terrified’ Of Failing Bar Exam, Contemplating Suicide
(DBN)

Top attorneys under 40, including bankruptcy
(DBN)

Big Firms Bag Roles on Designer Jeans, Wedding Dress Bankruptcies
(DBN)

Atlanta law firm plans to add a virtual branch
(DBN)

Business is Booming for British Lawyers Profitability of UK law firm partners hits seven year high U.K. Lawyers Master Cost Control - PPP Up 8.5%
(DBN)

Elite London commercial chambers fails to pay clerks living wage
(DBN)

Legal Malpractice Claims Level Off as Conflicts and Cyber Claims Rise
(DBN)

Client Calls for Greater Diversity at Fever Pitch
(DBN)

'I Spent Every Cent I Had on Cocaine': Lawyer's Struggle Revealed
(DBN)

A high-powered attorney dies. His ex-wife investigates, and finds a web of drug abuse in his profession Drug-Addicted Biglaw Partner Dies During Conference Call
(DBN)

Paralegal robot reviews patent documents
(DBN)

Is California’s bar examination minimum passing score anti-competitive?
(DBN)

Judge tosses CFPB suit claiming Kentucky law firm paid kickbacks through joint-venture title firms
(DBN)

Trump hasn't forgiven Sessions for Russia recusal
(DBN)

Kushner attorney Gorelick hands off responsibility for Russia investigations to co-counsel
(DBN)

The Incredible Growing Presidential Legal Team
(DBN)

Trump Lawyer Must Face Pete Rose Defamation Claims
(DBN)

Could it be Kasowitz is actually a voice of restraint for Trump?
(DBN)

BigLaw partner Cobb named special counsel for Russia probe; law prof has ‘troubling questions’
(DBN)

Jay Sekulow: Masterful Showman Or Terrible Attorney?
(DBN)

Home Depot fires 70-year-old Army veteran for confronting shoplifters
(DBN)

Lawyers score big in settlement for Ashley Madison cheating site data breach
(DBN)

Distance learning standards under consideration by ABA Legal Ed Section
(DBN)

OJ Set For Freedom?
(DBN)

Sessions to Cops: Steal More Cash from Citizens
(DBN)

Minneapolis mayor is ‘deeply disturbed’ by fatal shooting of yoga teacher by police officer Body Cameras Turned Off In Fatal Police Shooting Of Bride-To-Be Why Did Minneapolis Police Kill This Woman?
(DBN)

Former Texas officer indicted for murder in death of Jordan Edwards Ex-police officer charged with murder after firing rifle at car full of teenagers
(DBN)

A new breed of prosecutors are changing the US criminal justice system from the inside out
(DBN)

SCOTUS gives Hawaii until noon Tuesday for travel ban response
(DBN)

Columbia Settles With ‘Mattress Girl’ Victim, Who Is Not Mattress Girl, Somehow
(DBN)

What you don’t learn watching Suits
(DBN)

The best way to find part-time and flexible-schedule jobs
(DBN)

DoNotPay legal chatbot now covers 1,000 areas of the law and creates additional chatbots for free
(DBN)

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Judges:

Alleged retweet by judge doesn’t warrant retroactive recusal, 9th Circuit rules
(DBN)

Gorsuch Faces Laden Moment as 15-Year-Old Reads Civics Essay
(DBN)

Judge who took 2 business card holders while at lawyer dinner agrees to resign
(DBN)

The Senate Judiciary Committee advances a slate of new judges
(DBN)

Gorsuch-like Nominee Eid ‘Inspiration’ as Working Mother
(DBN)

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Wall Street:

US stock futures flat as investors gauge big companies' earnings
(DBN)

U.S. stocks close mostly flat as big earnings week kicks off
(DBN)

Goldman Sachs easily tops expectations, but shares fall
(DBN)

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Layoffs:

Tech may replace half all low-skilled jobs in the U.S.
(DBN)

Elon Musk: ‘Robots will be able to do everything better than us’
(DBN)

Manischewitz To Close Newark Plant — Laying Off 169 Workers
(DBN)

Retail Workers Can Expect Major Job Losses
(DBN)

76 to lose jobs at Kellogg center near Hagerstown
(DBN)

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Healthcare:

21st Century Oncology Seeks Approval of Rights Offerings
(DBN)

Senate Republicans May Try to Skirt CBO Score on Health Care Bill How the Republican health-care bill could raise premiums for 177 million Americans Republicans’ Obamacare repeal is starting to look like Medicaid repeal Senate GOP’s healthcare problem is not Trump The Republican healthcare bill is on the edge of failure and its future is up in the air The Disturbing Process Behind Trumpcare Health care is the top issue for Americans — and they don't like how Trump is handling it, poll says
(DBN)

McConnell Abandons Obamacare Replacement to Seek Straight Repeal GOP gives up on replacing Obamacare now: McConnell and Trump call for simply repealing Trump urges lawmakers to start over on health care bill after 2 GOP senators effectively killed it The Lesson of the GOP Health Care Collapse: Make America Simpler Again Now what? Health care bill collapse leaves divided GOP at crossroads McConnell's "nuclear option" after health care failure Admit defeat, move on to bigger defeat?
(DBN)

Has the time come to move to a single-payer health-care plan?
(DBN)

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Retailing:

The debate over the 'death of retail'
(DBN)

Why Goldman Thinks Walmart Can Hold Its Own Against Amazon
(DBN)

Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%
(DBN)

Sears Hit With 401(k) Plan Lawsuit
(DBN)

Why it might be time to invest in the companies Amazon is destroying
(DBN)

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Politics:

The Most Important Issues Facing The U.S. Today
(DBN)

The resistance that cried wolf
(DBN)

A new round of polls shows that 6 months in to his term, Trump is the most unpopular president in the modern era 9 charts on how the world sees President Trump 41% of Americans want Trump impeached: poll Fact Check: Trump says his job approval poll numbers are "not bad" relative to other presidents at this point in his presidency
(DBN)

WSJ: Time to Running Out for Trump
(DBN)

White House blasts ethics chief on his way out the door
(DBN)

Trump Ready to Shake Things Up as Russia Investigations Grind On Top Democrat requests Secret Service documents related to Donald Trump Jr.'s meeting with Russians What Criminal Charges Might Mueller Bring Against Donald Trump Jr.? Try None.
(DBN)

New York Seeks Bank Records of Former Trump Associate Paul Manafort
(DBN)

'You treat me like a baby!': The 'final straw' that reportedly led Trump to oust his former campaign chairman Paul Manafort
(DBN)

McCain's Absence Pushes Republicans Deeper Into the Mud
(DBN)

How Trump Is Transforming Rural America
(DBN)

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Travel:

Delta tells Ann Coulter she can have her $30 back, but she won't stop raging on Twitter Delta vs. Ann Coulter: Why it's a big deal ‘Doesn’t she call people snowflakes?’ The real problem with Ann Coulter's seat fiasco Delta is winning the social media war against Ann Coulter
(DBN)

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Personal Finance:

Financial Literacy: Financial Firsts Can Be Financial Pitfalls
(DBN)

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Fraud:

Trump Legal Team Fires Back at Plaintiff Seeking to Unravel Trump U Settlement
(DBN)

The Strange Defense of Martin Shkreli
(DBN)

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Economy:

NY Fed: Manufacturing Activity "grew modestly" in July New York manufacturing activity slows sharply in July
(DBN)

Fed to announce balance sheet unwind in September, hike rates in fourth quarter: Reuters poll
(DBN)

U.S. Inflation, Year-over-Year Change Since 1990
(DBN)

Why the case for recession doesn’t add up
(DBN)

Americans express most confidence since 2005 in current economic conditions Americans Feel Good About the Economy But Not About Trump
(DBN)

Here’s Why We’re Not Prepared for the Next Recession
(DBN)

First Look at 2018 Cost-Of-Living Adjustments and Maximum Contribution Base
(DBN)

A snapshot of the jobs malaise
(DBN)

House Budget Committee proposes boosting defense spending, reshaping welfare programs
(DBN)

Trump Stores: How Much of His Stuff is Made in America? Trump's Made in America Week Includes US Made Double Standards
(DBN)

As White House touts ‘Made in America,’ it seeks to cut office U.S. firms say helps them compete
(DBN)

Fannie Mae: Economic expansion to slow in second half of 2017
(DBN)

Trump's Lucky Break on the Economy
(DBN)

Steven Mnuchin, Trump’s treasury secretary, is hurtling toward his first fiasco
(DBN)

The Real Reason Jamie Dimon Went Berserk About America’s “Stupid S---” Jamie Dimon Is Right to Raise the Alarm
(DBN)

US doing ‘very badly’ in combating inequality - here’s how other countries compare
(DBN)

One largely overlooked trend in US inequality could be the most alarming
(DBN)

A rise in risky, subprime auto loans
(DBN)

U.S. to Offer More Visas to Temporary Seasonal Workers Trump Opens Border to 15,000 More Workers
(DBN)

U.S. Heavy Truck Sales increased following Oil Price Related Slump
(DBN)

LA area Port Traffic increased in June
(DBN)

A basic income really could end poverty forever
(DBN)

10 crumbling states most in need of Trump's $1 trillion infrastructure plan
(DBN)

U.S. and China have diverging goals ahead of trade talks
(DBN)

The CEO of a $50 billion company explains why big-time dealmaking has dropped
(DBN)

Cutting legal immigration 50 percent might be Trump’s worst economic idea
(DBN)

TPP Trade Deal: Who Needs America?
(DBN)

Advisory Group: Base NAFTA Rewrite on TPP Trump Reveals New NAFTA Goals US Releases 16 Pages of NAFTA Demands US gears up for NAFTA renegotiations
(DBN)

Texas CEOs Push Back on Bathroom Bills
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Almost half of Americans have buyer's remorse about their house
(DBN)

Lawyerly Lairs: An In-House Counsel Heads To The Hamptons For Under $1M
(DBN)

Attorney gets 30 months for conspiring to steal distressed borrowers’ homes
(DBN)

How Attorneys Saved a Miami Gardens HOA - Before Getting It $11 Million
(DBN)

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Municipalities:

Puerto Rico's Troubles Create New Opportunities for Investors
(DBN)

Favoring some of Puerto Rico's creditors over others a mistake
(DBN)

Puerto Rico Prospects Looking Dimmer
(DBN)

“Despacito,” a miracle for Puerto Rico's economy
(DBN)

As companies relocate to big cities, suburban towns are left scrambling
(DBN)

Hartford: Bankruptcy Is Best State Sen. Toni Boucher: Hartford situation is a warning for the state
(DBN)

IL: State is Moving Another Step Closer to Bankruptcy
(DBN)

Challenges remain for Detroit 4 years after declaring bankruptcy
(DBN)

CPS: Rauner's SB1 Veto 'Exceeds the Power of the Governor'
(DBN)

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Oil/Gas:

A $2 Billion Fund Goes Bust in the Oil Patch $2 billion energy investment goes bust in rare complete failure of private equity fund Houston-based EnerVest fund now worth almost nothing
(DBN)

Rising oil prices may mean more bankruptcies
(DBN)

Oil Rigs: "Winter is coming"
(DBN)

Are More Bankruptcies On The Way For U.S. Oil?
(DBN)

Ensco Bondholders Unhappy With Atwood Oceanics Deal
(DBN)

Oil Edges Up Ahead of US Stocks Data
(DBN)

Oil edges above $49 on U.S. drilling slowdown Oil prices ease on signs of steady output from some producers Oil holds above $46 amid robust economic growth in China
(DBN)

Oil 'stuck in range' as ample supply meets firm demand
(DBN)

4 Reasons Oil Will Rally Back To $50
(DBN)

A New Sign of Fear for U.S. Drillers
(DBN)

Rig count flatlines; Texas up 3, Permian 4
(DBN)

The Only Way OPEC Can Kill US Shale
(DBN)

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Currency:

Digital Currencies Crash in Brutal Wipeout Ethereum bounces back nearly 40% from crash
(DBN)

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Carpet:

Carpet manufacturer Beaulieu files for bankruptcy Beaulieu president says bankruptcy 'a necessary process' Dalton, Ga., carpet company plans to reorganize business after bankruptcy
(DBN)

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Autos:

Takata urges extending its bankruptcy stay to car makers The Complaint
(DBN)

Auto loan defaults are soaring
(DBN)

Volkswagen loses bid to toss consumer fraud suits over emissions cheating
(DBN)

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Tech:

Internet Archive to back up SoundCloud audio files as bankruptcy fears grow
(DBN)

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Franchises:

How to Navigate a Franchise Bankruptcy
(DBN)

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Coal:

Richard Branson: Moving America’s coal miners into clean energy jobs would be good for the world
(DBN)

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Electricity:

Growing Support for Berkshire Hathaway Energy’s Acquisition of Oncor
(DBN)

Berkshire Hathaway Energy Gets Support from New Texas Stakeholder Groups for Oncor Acquisition
(DBN)

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Food/Beverage:

Soup distributor that inspired Seinfeld character gets OK for $1.7 million bankruptcy plan:
(DBN)

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Radio:

Investors have a plan to save iHeart from bankruptcy
(DBN)

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Debt Collection:

House Subcommittee Considers Bipartisan Legislation on Debt Collection Practices
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

35% YTD Increase In Retail Bankruptcies
(DBN)

Ch. 11 bankruptcies skyrocket around Houston area, study finds
(DBN)

Chapter 11 filings by sector for the first half of 2017
(DBN)

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Litigation:

6 Thoughts On Trials, 2 Worth Reading
(DBN)

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Ch.13:

BK SD GA: "No Look" Ch. 13 Fee Increases To $4,500
(DBN)

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Reclamation:

Section 503(b)(9) Claims – What Does “Receipt” Really Mean?
(DBN)

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Cross-Border:

Courts, Cooperation, and More: A Review of Cross-Border Insolvency Protocols
(DBN)

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SCOTUS:

Dabbling in distress: U.S. Supreme Court to hear two important bankruptcy issues next term
(DBN)

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Malpractice:

Seventh Circuit Affirms Dismissal of $1.5 Billion Malpractice Claim Filed by Lenders Against Borrower's Law Firm Because it Owed No Duty to Lenders
(DBN)

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Conversion:

11th Cir. Holds Bankruptcy Chapter 13 to 7 Conversions May Be Dismissed for 'Abuse' Under 11 U.S.C. § 707(b)
(DBN)

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Insurance:

The country’s flood insurance program is sinking. Rescuing it won’t be easy.
(DBN)

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Brides:

Women are offering wedding dresses to brides left hanging after a popular bridal shop abruptly shut down Woman donates wedding dress to help brides caught in Alfred Angelo bankruptcy Seamstress aids brides-to-be
(DBN)

Bridal Chain Alfred Angelo's Abrupt Bankruptcy Raises Eyebrows, Blindsides Brides
(DBN)

Alfred Angelo Bridal lender also controls major creditor in bankruptcy
(DBN)

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Debt Collection:

Why Uncle Sam Seized $713 Million From Social Security Checks Last Year
(DBN)

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Climate:

46 Republicans Join Dems in Backing Military Study on Climate Change Threat
(DBN)

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Corporate Reform:

U.S. regulator seeks to halt financial contract rule as officials spar Members of Congress Seek to Repeal the CFPB’s Arbitration Rule
(DBN)

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Lehman:

Ex-Lehman Bros. Workers Lose $300M Deferred Pay Battle
(DBN)

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Guns:

Cerberus’s Remington Debt Fizzles as Trump Cools Firearms Fervor
(DBN)

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Celebs:

Bankruptcy documents reveal 50 Cent borrowed $20K from Omari Hardwick
(DBN)

Judge Rakoff clears rapper DMX to tour amid tax fraud charges
(DBN)

How tennis legend Boris Becker blew $167 million
(DBN)

Cash-strapped Tori Spelling delays hibachi burn lawsuit against Benihana
(DBN)

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Student Debt:

Sen. Bill Nelson proposes lowering student loan interest rates Florida Senator Pitches Plan to Ease Burdensome Student Debt
(DBN)

As paperwork goes missing, private student loan debts may be wiped away
(DBN)

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Maritime:

Bankrupt Swissco sells off five offshore vessels
(DBN)

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Sovereigns:

Sovereign Debt Restructuring and English Governing Law
(DBN)

This is the only single-country ETF, out of 45, trading lower in 2017
(DBN)

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UK:

Blair Nimmo, KPMG’s UK Head of Restructuring, gives Squire Patton Boggs his views on the current restructuring market
(DBN)

One Issue That Could Break the Brexit Talks
(DBN)

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EU:

Credit misallocation during the European financial crisis
(DBN)

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Canada:

First Growth and Alberta Subsidiary File Voluntary Bankruptcy
(DBN)

Former Greys Paper Recycling plant's assets up for auction; site's future remains unclear
(DBN)

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China:

The Problem With China's Economic Growth
(DBN)

LeEco founder absent from shareholders' meeting
(DBN)

Debt problems are sinking three major Chinese companies
(DBN)

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India:

Insolvency proceedings against 10 firms address a fifth of IOB’s bad loans, says MD
(DBN)

'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'
(DBN)

Landmark bankruptcy ruling: Loan defaulters’ personal wealth can now be auctioned
(DBN)

How much is Monnet Ispat's default amount?
(DBN)

RBI gets big boost over Insolvency and Bankruptcy case Good News As Gujarat HC Allows Essar Steel To Be Taken To The Bankruptcy Woodshed
(DBN)

Saving Capitalism? Try Harder, RBI
(DBN)

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Brazil:

Brazilian construction group UTC files for bankruptcy protection
(DBN)

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Singapore:

Singapore Implements The UNCITRAL Model Law On Cross-Border Insolvency.
(DBN)

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