June 14, 2017

The Daily Bankruptcy News

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Law:

Biglaw Firm Losing Attorneys As It Preps For Merger
(DBN)

Best (And Not So Best) Practices For Billing Clients For Contract Attorney Work
(DBN)

Law firms must face up to the millennial challenge
(DBN)

Atlanta attorney charged with wife's murder is denied bail
(DBN)

Man Ravaged by Amnesia Still Holds Legal Job
(DBN)

UK law firms are favoring ongoing assessments over annual performance reviews. US BigLaw firms may be next
(DBN)

3 New Technology Positions Finding a Foothold in Modern Legal
(DBN)

3 Realities of Modern Cybersecurity
(DBN)

Can you video record a deposition using your iPhone or iPad?
(DBN)

Those with good LSAT scores may be choosing to forgo law school, data indicates The Law School Brain Drain Continues To Wreak Havoc
(DBN)

The Most Affordable Law Schools With The Highest Starting Salaries For Graduates
(DBN)

Law Schools Must Restructure. It Won't Be Easy.
(DBN)

More On The Declining Quality Of Law School Applicants
(DBN)

In Praise of Margaret Howard
(DBN)

Law Firm Apps Designed to Impress Clients - and to Win Them
(DBN)

7 (More) Lessons About Lawyering — And Life
(DBN)

ABA supports cybersecurity bill
(DBN)

Trump's personal lawyer boasted that he got Preet Bharara fired Kasowitz Supposedly Taking Credit For Firing Preet Bharara ‘This Guy is Going to Get You’: Trump’s Lawyer Warned President About Preet Bharara, Report Says
(DBN)

Preet Bharara vents Trump frustrations
(DBN)

Trump Case Leaves Marc Kasowitz's Law Firm at a Crossroads
(DBN)

Trump’s Long-Time Lawyer Is Just Like His Boss
(DBN)

James Comey Is the Feminist du Jour
(DBN)

Can You Open a Law Firm Right Out of Law School?
(DBN)

How To Silence The Inner-Critic And Practice Being A Good Friend To Yourself
(DBN)

What's next in the legal fight over Trump's travel ban
(DBN)

Trump’s move to deport Iraqi Christians stirs outcry
(DBN)

Kasowitz's Comey complaint over Trump memos may be delayed
(DBN)

Sessions: ‘I Am Not Stonewalling’ 'An appalling and detestable lie': Jeff Sessions comes out swinging in fiery opening statement Sessions battles top Democratic senator over Comey's testimony Why Did Jeff Sessions Really Meet With Sergey Kislyak? Sessions wavers on whether or not he met Russia's ambassador at the Mayflower Hotel Making The Case For Firing Jeff Sessions Sessions calls suggestion he colluded with Russia a 'detestable lie' Sessions denies Russian collusion, refuses to discuss Trump conversations The Mortification of Jeff Sessions Sessions denies meetings and talks with Russians, disagrees with some Comey details
(DBN)

Comey Firing Could be Part of Special Counsel Investigation, Rosenstein Says
(DBN)

Appeals Court Avoids Moral Issue of Travel Ban
(DBN)

Cosby Jury Struggling With 'Without Her Knowledge' Language Bill Cosby Jury to Hear More of His Deposition Testimony
(DBN)

Small-Town Jails Quietly Drive Historic Incarceration Rate
(DBN)

Woman arrested for beating husband with cross
(DBN)

Trump nominates first group of U.S. attorney replacements; some have BigLaw connections
(DBN)

CEO hurls vulgarities in outrageous deposition
(DBN)

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Judges:

Plain Meaning Rolls On in Gorsuch's First [Credit Related] Opinion Gorsuch starts his first Supreme Court opinion with alliterative opening line Gorsuch’s First Majority Opinion and Some Comparisons
(DBN)

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Wall Street:

Dow futures inch higher as traders wait for Fed’s signals US futures rise ahead of Fed policy decision
(DBN)

World stocks march on as Fed rate hike looms, dollar steady
(DBN)

US stocks bounce back toward records as tech companies rise
(DBN)

Goldman Sachs found a way to automate dealmaking tasks usually managed by investment bankers
(DBN)

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Layoffs:

Sears cuts 400 jobs, no longer qualifies for state tax breaks Here's the email Sears' CEO just sent to the company announcing layoffs
(DBN)

Bank tellers are in danger of extinction as the ATM of the future takes over
(DBN)

Time Inc. to cut 300 jobs in shift to digital
(DBN)

Rush Hospital cuts 112
(DBN)

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Healthcare:

Bankruptcy Trustee in Zombie Lab Scandal Seeks $41-million in Paybacks
(DBN)

Cancer scientist who sued Steward Health over lost lab wins in court
(DBN)

Trump tells GOP senators that the House healthcare bill he celebrated in Rose Garden ceremony is 'mean'
(DBN)

TrumpCare: 13 Million to Lose Insurance
(DBN)

Crowdfunding Sites Are Booming Thanks to People Who Need Help With Crushing Medical Bills
(DBN)

Obamacare just got some much-needed good news
(DBN)

Trump seizes on new report in tweet to claim Obamacare is 'in a death spiral'
(DBN)

Key insurer Centene plans to expand health exchange presence
(DBN)

This map shows how much of the US could see zero Obamacare insurers next year
(DBN)

GOP Rep. Walden says he thinks a health-care bill will be on president’s desk by August
(DBN)

You’re Probably Going to Need Medicaid
(DBN)

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Travel:

5 rules for reclining your airplane seat
(DBN)

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Currency:

Bitcoin’s soaring price means bankrupt Mt. Gox may soon be able to pay its creditors
(DBN)

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Food/Beverage:

Smart & Final Stores first-quarter loss widens on a YOY basis
(DBN)

Court filing: Some Marsh locations to be sold to Kroger subsidiary Court filing: Marsh seeks OK to sell 26 grocery stores
(DBN)

Soupman Inc. of 'Seinfeld' Fame Seeks Bankruptcy Protection 'Soup Nazi' company files for Chapter 11 bankruptcy protection
(DBN)

Lost court case pushes Lancaster sauce maker into bankruptcy reorganization
(DBN)

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Aviation:

Alitalia files for US bankruptcy protection Analysis: Potential Options for Struggling Alitalia
(DBN)

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Debt Collection:

Feds revising rule covering third-party debt collectors
(DBN)

Industry Association Urges Caution When Interpreting Santander Decision
(DBN)

U.S. Supreme Court Offers Some Clarity in Assessing Debt Purchaser FDCPA Liability
(DBN)

The Debt Buying Industry Breathes a Sigh of Relief: Supreme Court Rules for Debt Buyer on FDCPA Claim
(DBN)

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Coal:

BP highlights 'decisive' shift away from coal power
(DBN)

Coal era is waning amid global shift towards cleaner energy
(DBN)

New Coal Mine Will Employ Just 70 Workers
(DBN)

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Student Debt:

Removing the Tax Consequences of Student Loan Discharge
(DBN)

Women hold most of the US’s student loan debt
(DBN)

States Play Whac-A-Mole With Student Loan Relief Scams
(DBN)

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Distressed Investing:

Fitch Revises Distressed Debt Exchange Rating Criteria
(DBN)

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Economy:

Janet Yellen will have a harder time than usual justifying Fed policy at this week's press conference Yellen may be ‘forceful’ in press conference when defending Fed’s interest rate path
(DBN)

Fed rate hike this week to hit millions of borrowers
(DBN)

Here’s what the market thinks the Fed has gotten wrong
(DBN)

If Demographics Is Destiny, 80 Million Millennials Will Decide America’s Future
(DBN)

Here's how many Americans have nothing at all saved for retirement
(DBN)

Mnuchin Reversal on Tax Cuts for Rich Stirs Clash With Democrat
(DBN)

NFIB: Small Business Optimism Index unchanged in May Small Business Optimism Index Since 1986
(DBN)

This eye-popping chart on inequality is a slap in the face of America’s middle class
(DBN)

Trump's economic instincts are Jacksonian (and that is bad)
(DBN)

Jim Rogers: Worst Crash in Decades Coming
(DBN)

Team Trump Gets a 30-60 Day Reprieve from Raising the Debt Ceiling The Trump administration sure sounds like it's getting ready for a government shutdown in September
(DBN)

Tax lawmaker floats 5-year phase-in for border tax plan Opponents unswayed by Brady's plan to phase in import tax provision
(DBN)

The Old Are Eating the Young
(DBN)

Don't Blame China for the Fall of American Steel
(DBN)

LA area Port Traffic increased in May
(DBN)

Trump Promise on Social Security Gone Now
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage delinquencies drop to 10-year low
(DBN)

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark rush to refinance
(DBN)

Gap widens between appraised value and homeowner estimate
(DBN)

Judge McEwen Sanctions Green Tree under FRBP 9011 for Not Verifying Values of Collateral in Reaffirmation Agreements; Orders Servicer to Modify Training Manual
(DBN)

Update: Real Estate Agent Boom and Bust
(DBN)

Judge McEwen Sanctions Green Tree under FRBP 9011 for Not Verifying Values of Collateral in Reaffirmation Agreements; Orders Servicer to Modify Training Manual
(DBN)

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Municipalities:

Everything you need to know about Puerto Rico's possible statehood Puerto Rican statehood is sold as a cure-all. That's a pipe dream Apathy is the real winner in vote for statehood
(DBN)

Puerto Rico Governor Pitches Statehood as Debt Solution
(DBN)

Bond insurers back up lawsuit over revenue for Puerto Rico debt
(DBN)

Bronin Warns Business Leaders That Hartford Bankruptcy May Happen Without Additional State Aid
(DBN)

Moody’s downgrades 7 Illinois universities, 5 are junk
(DBN)

Water for Profit: Haiti Comes to Flint
(DBN)

Heat prompts water shut-off moratorium in Detroit
(DBN)

Grand jury focusing on Detroit’s demolition program
(DBN)

Rhodes Scholar Goes From Afghan War to Saving a Capital City
(DBN)

A U.S. Shoe Town Tries to Rebuild From Warren Buffett’s ‘Worst Deal’ Ever
(DBN)

Illinois is facing bankruptcy and a junk-bond level credit rating crisis
(DBN)

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Oil/Gas:

Shale Output Set To Hit All Time High Next Month
(DBN)

Shale Drillers May Be Digging Own Hole as Oil Flirts With $40 Here's why oil prices could drop to $30 a barrel again
(DBN)

Global oil glut to linger despite OPEC push, says IEA
(DBN)

Hedging Rush In U.S. Shale Could Send Prices Tanking
(DBN)

Libyan oil firm aims to raise output to 1 million barrels a day next month
(DBN)

BP: Global energy demand stumbles for the third year
(DBN)

Seadrill: Chapter 11 On The Horizon
(DBN)

GulfMark Offshore - Another Bankrupt Energy-Related Company
(DBN)

The Downturn Is Over, But U.S. Oil Companies Face A Huge Problem
(DBN)

EIA: Oil companies ' proved oil and liquid reserves drop in 2016
(DBN)

OPEC boosts output, says rising oil demand will help clear glut Oil slips as OPEC production rises
(DBN)

Trump Is Too Late to Stop the Windmills
(DBN)

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Politics:

There are 2 ways Trump could have Mueller fired, and one of them led to Nixon's downfall Deputy Attorney General: 'There is no secret plan' to fire special counsel Robert Mueller 'that involves me' Deputy Attorney General Rod Rosenstein says only he has the power to fire special counsel on Russia If Trump Wants to Fire Robert Mueller, He’s Going to Have to Fire Rod Rosenstein First Enron Vet Defends Weissmann, Says Firing Mueller 'Dumber Than a Bucket of Hair' White House throws cold water on rumors an angry Trump may fire Robert Mueller
(DBN)

Russian Cyber Hacks on U.S. Electoral System Far Wider Than Previously Known
(DBN)

Trump demands apology from 'Fake News Media' in raging morning tweetstorm Did Trump Really Skim Charity Money from Kids with Cancer? 'Roseanne' reboot to take on Trump era Trump Cabinet Worship: Scary Sign of American Collapse Trump Approval Edges Down to New Weekly Low Trump's disapproval rating hit a record high — and he hit the mark faster than any modern president Trump tweet accuses former Attorney General Lynch of making decisions ‘for political purposes’
(DBN)

6 things that happen in 'House of Cards' season 5 that mirror the Trump presidency
(DBN)

Trump sued by nearly 200 Democratic lawmakers over foreign state payments to his businesses
(DBN)

How Outrage Built Over a Shakespearean Depiction of Trump Theater refuses to buckle after 'Caesar' Trump criticism
(DBN)

Most Trump Properties Now Being Sold to Secretive Buyers
(DBN)

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Mining:

Judge approves Essar bankruptcy settlement Essar Steel Minnesota bankruptcy resolved
(DBN)

Only producing US rare earths mine goes on the block tomorrow
(DBN)

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Retailing:

Debt-laden Neiman Marcus abandons hope of a sale
(DBN)

J. Crew seeks debt swap to buy time as sales dive continues
(DBN)

BCBG Max Azria Receives Bid to Take It Out of Bankruptcy
(DBN)

Sears Canada Q1 Loss Widens
(DBN)

Sears, J. Crew, Claire's Are Bankruptcy Risks
(DBN)

Debt-laden Neiman Marcus abandons hope of a sale
(DBN)

Retail Carnage: Who's Next To File Bankruptcy ?
(DBN)

Bain's Gymboree Seeks To Slash A Billion In Debt In Latest Retail Bankruptcy
(DBN)

Beyond the Rack Can't Escape Gucci Lawsuit Even if it's Bankrupt
(DBN)

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Autos:

West Virginia University Researchers Find Fiat Chrysler Diesel-Emissions Discrepancies VW Researchers Say Fiat Diesels Spew More Pollution Than Allowed Too
(DBN)

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Corporate Reform:

Trump Plan to Change Financial Regulations Administration looks to curb CFPB powers, change bank rules Wall Street loves the Trump administration's plan to dismantle financial crisis regulations
(DBN)

Ocwen to Resume Constitutional Attack on CFPB
(DBN)

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Maritime:

MSC prepares contingency plan for cargo aboard Rickmers charters
(DBN)

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Banking:

The nation’s biggest banks have a common gripe: They have too much money.
(DBN)

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Bankruptcy Crimes:

MI: Man charged with Bankruptcy Fraud Businessman arrested on charges of bankruptcy fraud, concealment of assets
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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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Jurisdiction:

Statutory Limits to Retained Jurisdiction – – The Contract May Not Be The Answer
(DBN)

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Bankruptcy Reform:

House Passes Legislation Allowing Financial Institutions to Seek Chapter 11 Protection
(DBN)

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Mediation:

U.S. Congress and Supreme Court Support ADR — But Some Bankruptcy Courts Remain Nonconformist on Mediation
(DBN)

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Litigation:

Law Firm DQ’d for Use of Inadvertently Disclosed Privileged Email
(DBN)

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Taxis:

Uber CEO to Take Leave, Diminished Role After Workplace Scandals Uber CEO Travis Kalanick takes leave amid sweeping changes at company Travis Kalanick's temporary leave of absence won't save Uber's brand, experts say Uber will try to change its 'bro culture' by cutting down on alcohol at work
(DBN)

We Are All to Blame for Uber
(DBN)

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Celebs:

Soccer Star Ronaldo Charged With Tax Fraud
(DBN)

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Fraud:

Trump U Claimant Seeks to Unsettle Fraud Case
(DBN)

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Marijuana:

Sessions Wants to Go After Medical Marijuana
(DBN)

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Personal Finance:

Why you might want to disinherit your kids
(DBN)

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UK:

It's looking increasingly likely Theresa May could cancel Brexit
(DBN)

Theresa May Just Cracked a Pretty Good Joke About Her Election Disaster
(DBN)

At least 6 dead as huge blaze rips through a London tower block Hundreds of firefighters tackle massive blaze Witnesses Describe Screams and Tears
(DBN)

Using insolvency as a debt recovery tool
(DBN)

Jaeger suppliers to get 2p in the pound Collapsed fashion house Jaeger will repay just 2p for every pound of the £50 million it owes to creditors
(DBN)

Europe's First Brexit Shot: It Wants Clearing Back From London
(DBN)

Britain still has no clue what to do about Brexit
(DBN)

Cambridge Faculty Told Not To Use “Genius” and “Brilliance” Because Of Sexist Connotations
(DBN)

Wylie & Bisset wins Accountant in Bankruptcy insolvency contract for record third time
(DBN)

The squeeze on the average Brit's finances is getting even worse
(DBN)

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EU:

When a Bank Sells for One Euro, Who Gets the Euro?
(DBN)

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PIIGS:

Greeks Promised Economic Boost Despair of Seeing Debt Deal
(DBN)

Italy's Alitalia Airline Files for Bankruptcy in the US
(DBN)

Italy says solution getting "close" for troubled Veneto banks
(DBN)

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Canada:

Pemberton Was a Money Loser From the Get Go, According to Report
(DBN)

Canada's top steel expert on Essar Algoma: 'It's a good asset'
(DBN)

Sears Canada flags 'going concern' doubts, explores sale
(DBN)

Canadian oilpatch raises growth forecast
(DBN)

Debt-laden homeowners face threat of rising interest rates
(DBN)

Canada's Lexin to cooperate with receivership; adjourns suit against regulator
(DBN)

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India:

India Banks to Go to Court Over Bad Loans of 12 Large Debtors 12 accounts to go under insolvency , says RBI RBI targets ‘dirty dozen’ defaulters accounting for 25% of bad loans RBI starts bankruptcy proceedings: Bhushan Steel, Essar Steel, Alok Industries among likely targets India to direct banks to start bankruptcy proceedings against 12 defaulters Experts welcome RBI ordering banks to start liquidating 12 biggest NPA accounts RBI identifies 25% gross NPAs for insolvency ; we bring pros and cons RBI shortlisting 12 big accounts for insolvency is great news for banks, but there are 3 key challenges Resolution of bad loans 'primary focus' of Modi govt Banks credit cost may increase if 12 NPA accounts resolve, ICICI top pick: CLSA
(DBN)

After taking years, bankruptcy will now take days to be resolved
(DBN)

Looming Essar sale offers hope for indebted corporate India
(DBN)

Enough professionals to handle insolvency cases, says MS Sahoo
(DBN)

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Venezuela:

Venezuela protesters set fire to Supreme Court building as crisis deepens Venezuelans Lose Faith in Rule of Law
(DBN)

U.S. Ruling Helps Advance Venezuela Creditor Claims
(DBN)

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Bahamas:

Baha Mar Expat Staff Suffer Claims Reverse
(DBN)

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Azerbaijan:

Creditors file US objection to Azeri IBA restructuring Azeris in talks with creditors over bank restructuring
(DBN)

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Hong Kong:

Creditors Allowed To Take Over The Company’s Proceedings From The Liquidators.
(DBN)

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Singapore:

Singapore Implements the UNCITRAL Model Law on Cross-Border Insolvency
(DBN)

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Germany:

German minister says Air Berlin situation is "precarious"
(DBN)

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Brazil:

Brazil's Judiciary Gives Itself a Black Eye
(DBN)

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MENA:

Abu Dhabi's Dana Gas seeks restructuring of "unlawful" $700 mln sukuk
(DBN)

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India:

Cabinet clears proposal for Bill to deal with bankruptcy
(DBN)

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France:

Business failures by company size and sector of activity
(DBN)

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Australia:

Australian TV station Ten in administration after Murdoch-led backers quit Ten's Cliffhanger Ending
(DBN)

Liquidation of a mining company issued with an environmental protection order
(DBN)

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China:

China Defaults Feared as Firms Confront Short Debt Addiction
(DBN)

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