June 22, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Vault 100 Rankings: The Most Prestigious Law Firms In America (2018)
(DBN)

Sedgwick confirms some staff layoffs after more partner departures
(DBN)

Ropes Raids Continue
(DBN)

Kirkland Bankruptcy Partner Gives Back Amid Cancer Battle
(DBN)

Continuing Hiring Tear, Latham Snags Former Top DOJ Official
(DBN)

Thanks To The Recession, Even T14 Law Schools Had To Beg Firms To Hire Their Graduates
(DBN)

Hanging Out The Alternative Women-Owned Shingle
(DBN)

Reflecting On The Passing Of Herma Hill Kay
(DBN)

High-profile law firms reportedly reject overtures to represent Trump in Russia probe
(DBN)

Law Firms Should Not Own Law Schools
(DBN)

SEC Charges General Counsel With Fraud in Fake Loan Scheme
(DBN)

FBI provides more details on congressional baseball shooting, says the shooter had no connection to terrorism • Scalise Upgraded to Fair Condition
(DBN)

Officer who shot Philando Castile said smell of marijuana made him fear for his life
(DBN)

Prosecutors Outline Indicted Philly DA's Lavish Lifestyle for Jury
(DBN)

Lawyer Convicted of Assault On Client/Girlfriend Cleared on Malpractice
(DBN)

Lambda lawyer explains why he and five others quit president’s HIV/AIDS council
(DBN)

Former Milwaukee police officer is acquitted in shooting death of armed man lying on the ground
(DBN)

Day care providers who blame satanic panic for 21-year prison stint are ‘actually innocent,’ DA says
(DBN)

President Of Washington Bar Association Resigns — Right Before The Criminal Charges
(DBN)

The new face of Trump's legal team has never done anything like this — and allies think he's the perfect fit
(DBN)

Juror: 2 holdouts blocked Bill Cosby's conviction in sexual assault trial
(DBN)

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Judges:

7th Circuit again rejects short sentence for former officer, tosses judge from case
(DBN)

Businesses Come Out on Top in Current Supreme Court Term
(DBN)

Justice Ginsburg and the Price of Equality
(DBN)

Trump's First Judicial Nominees
(DBN)

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Wall Street:

U.S. stocks face a struggle to pull out of oil-driven selloff
(DBN)

European stocks dragged down by oil shares for third session
(DBN)

U.S. stocks close mostly lower but Nasdaq bucks trend
(DBN)

A 'horrendous storm' is set to hit stocks, and may drag the S&P down 34%, David Stockman says
(DBN)

This ‘irrational exuberance’ indicator could spell trouble for the stock market
(DBN)

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Layoffs:

Truckers Work Alongside the Coders Trying to Eliminate Their Jobs
(DBN)

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Agriculture:

‘Terrifying for all of us’: Farmers in Kansas Trump country fear their workforce being deported
(DBN)

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Healthcare:

How the Republican health plan could hurt those with employer health insurance • The simple reason the Senate has been keeping its health-care plan a secret • The Republican healthcare bill is the least popular major bill in decades • GOP losing support among key constituency for Obamacare replacement • The real reason Republicans can't answer simple questions about their health care bill • Obamacare architect weighs in on the Senate's replacement efforts • Opposition to AHCA Has Doubled Among GOP Voters Since April • Why Republicans are so intent to pass a bill that in a normal world should spell their doom • Take a look at what the GOP Senate health bill might look like, for now
(DBN)

U.S. healthcare stocks rally as Senate set to unveil bill
(DBN)

Straddling the Fence on Sickest Americans
(DBN)

It just got uglier for Obamacare • Anthem pulls ACA plans in two more states • New White House Website Undermines Affordable Care Act • How the ACA exchanges are looking for 2018 • Obamacare’s exchanges face their moment of truth
(DBN)

Congress Eyeing Big Medicaid Cuts
(DBN)

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Retailing:

J.Crew's lenders consent to amend loan terms, buying the apparel retailer more time
(DBN)

Important Issues in Retail Bankruptcy Filings
(DBN)

Coming to a Retailer Near You: Consumer Privacy Protection in Retail Bankruptcies
(DBN)

Sears Canada Shares Dive On Report It May Seek Bankruptcy • Sears Canada faces $300M retirement benefit shortfall as talk of court filing heats up
(DBN)

Fraudulent Conveyance Rules May Pave Way for Sears Bankruptcy in July
(DBN)

The internet is mauling America's malls
(DBN)

Nike is reportedly close to making a huge move that should terrify Dick's, Foot Locker, and Under Armour • Am I Missing Something?
(DBN)

Sycamore Partners close to deal to acquire Staples
(DBN)

It's Not Just Amazon: The Mass Disruption Of Retail
(DBN)

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Mass Torts:

Honeywell Seeks Info From Bankruptcy Trust; Asbestos Firm, Trustee Object
(DBN)

What to know about the ex-pharmacy exec tied to deadly meningitis outbreak
(DBN)

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Travel:

Walk faster if you want your suitcase to stop wobbling
(DBN)

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Debt Collection:

Maine Adopts New Law for Debt Buyers
(DBN)

Replacing Debt Collectors With Tech Goes Wrong at Provident
(DBN)

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Student Debt:

Refinancing Isn't The Solution To Student Loan Woes
(DBN)

Why a law to help nurses and firefighters pay back student loans is backfiring • Consumer Agency Condemns Abuses in Loan Forgiveness Program
(DBN)

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Nuclear:

Report: Lawmakers aim to save $800 million tax credit for Plant Vogtle
(DBN)

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Bankruptcy Crimes:

Orlando businessman cites Fifth Amendment in bankruptcy case
(DBN)

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Boating:

Premier Marine files for bankruptcy protection
(DBN)

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Autos:

ReCARnation files for Chapter 11 bankruptcy
(DBN)

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Marijuana:

For Cannabis Businesses, Bankruptcy Courts Provide No Relief
(DBN)

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Economy:

Philly Fed: State Coincident Indexes increased in 36 states in May
(DBN)

Average yearly income of top 1% in America: $1.3 million
(DBN)

Middle-Class Identification in US at Pre-Recession Levels
(DBN)

Labor shortages plague midwest manufacturing towns
(DBN)

The jobs market may be past 'full employment.' Here's what that means
(DBN)

Why Can’t Your Company Just Fix the Gender Wage Gap?
(DBN)

The Wrong Kind of Entrepreneurs: Crony capitalism may be slowly cannibalizing productive capitalism
(DBN)

Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of it
(DBN)

Tax Experts See Little New in ‘Major” Paul Ryan Speech
(DBN)

The China Steel Trap
(DBN)

Why Your Next Ford Could Be Made in China
(DBN)

How the U.S. lags behind other countries in retirement
(DBN)

Jack Ma: In 30 years people will work 'four hours a day and maybe four days a week' • Jack Ma: "The next 30 years is going to be painful"
(DBN)

America is Now a Second Tier Country
(DBN)

Sorry Wilbur Ross, China isn't the most protectionist country — at least by tariffs
(DBN)

How much money you need to be happy varies wildly depending on where in America you live
(DBN)

40 Years From Now, The U.S. Could Look Like Las Vegas
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

First Residential Mortgages: Do Not Take Anti-Modification Protection for Granted
(DBN)

NAR: "Existing-Home Sales Rise 1.1 Percent in May" • Existing home sales hit 5.62 million units in May, vs. expectations of 5.57 million • Existing Home Sales Rebound Despite Rising Costs • Comments on May Existing Home Sales • Existing home sales report shows buyers are desperate to get a home
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

LA Median Home Prices Breaks Record
(DBN)

Divide widens between housing haves and have-nots
(DBN)

AIA: Architecture Billings Index positive in May
(DBN)

The paint colors that will increase your home’s value
(DBN)

Trump's Housing Cuts Saves One Program
(DBN)

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Municipalities:

Another deal on power debt won't help Puerto Rico's economy
(DBN)

Sinking feeling in Puerto Rico
(DBN)

Puerto Rico Grapples With Foreclosure Crisis as Thousands Lose Homes
(DBN)

Puerto Rican vote needs context, researcher says, but statehood would dramatically influence island's economy
(DBN)

Nine Into Eleven: Accounting for Common Interest Communities in Bankruptcy
(DBN)

Chicago Schools Now Paying 9% on Adjustable Rate Bonds

Top Illinois Debt Owners Unlikely to Sell If Bonds Cut to Junk
(DBN)

New York City Pension Contributions as a Share of NYC Taxes
(DBN)

Distressed City Exits Bankruptcy , But More Distress Ahead
(DBN)

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Oil/Gas:

Thurs.: Oil wavers, as jump in U.S. supplies keeps traders on edge • 'A lot of inconsistencies' are driving oil prices through the floor
(DBN)

Weds.: Oil prices 'like a falling knife' as sentiment hits all time low, says analyst • Oil tumbles again as analysts start to throw in the towel • Flooded markets are keeping oil prices in a slump • Oil Trades Below $44 as Falling Inventories Fail to Impress • Oil prices reverse course, fall alongside crude stockpiles • Oil just entered a bear market, and BofA says it's heading to $30 • Will oil prices head to $30 or $60? • Why Oil Prices May Plummet to Nearly $20 a Barrel in 2018
(DBN)

Current Share Prices Compared To Plan Values For Former Bankrupt Energy Companies
(DBN)

Energy Junk-Debt Losses Pose Reality Check
(DBN)

Even if it wins it loses: How OPEC is cutting itself into irrelevance as oil falls below US$50 • The Rise of a Prince Ends Doubts Over Saudi Arabia’s Direction • The New Saudi Heir Is a Dangerous Man
(DBN)

OPEC may decide on further output cuts, Iran's oil chief says
(DBN)

Sinking Louisiana: A Major Threat To Billions In Oil Infrastructure
(DBN)

Paris Agreement Could Cost Big Oil Big Bucks: Report • Fossil Fuel Companies Could Lose Over $2 Trillion in Global Shift to Renewables
(DBN)

Oil Bulls Miss Out on a Royalty Check
(DBN)

The burning question for energy stocks
(DBN)

This is the real reason we’re ‘drowning in oil,’ says Ed Yardeni
(DBN)

Anyone celebrating the US oil export boom is missing a key issue
(DBN)

The End of Diesel
(DBN)

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Pharma:

Draft Order on Drug Prices Proposes Easing Regulations • Trump administration signals initial steps to deal with drug prices
(DBN)

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Taxis:

Why Travis Kalanick didn't survive at Uber • Inside Travis Kalanick's resignation as Uber's CEO • The Inside Story of the End of Travis Kalanick • Travis Kalanick Still Worth $7 Billion
(DBN)

Uber's Rivals Should Have Their Knives Out Now
(DBN)

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Politics:

What’s Next for Democrats After Georgia Flameout
(DBN)

The GOP Is as Divided as Ever
(DBN)

Why Are Republicans in the House Blocking New Russia Sanctions? • Russian hackers targeted 21 states during 2016 election • 'This is a very real threat': Top intelligence officials lay out blunt case on Russian hacking as Trump again casts doubt • DHS: Russian Hackers Targeted 21 States • Poll: Americans Show Bipartisan Support for Russia Sanctions • Russian attack on 21 states' voting systems didn't affect ballots, DHS says
(DBN)

Trump Approval Rating Steady at 39%
(DBN)

The Supreme Court's Chance to End the Gerrymander
(DBN)

The Trump effect: Millionaires are more politically divided than ever
(DBN)

Trump bashes his favorite targets, promises big policy change at Iowa rally • Trump unloads months worth of gripes at Iowa campaign rally
(DBN)

'I just don't want a poor person': Trump explains why he added billionaire Wall Street execs to his cabinet
(DBN)

Pelosi Faces Democratic Mutiny
(DBN)

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Celebs:

'Dance Moms' Star Abby Lee Miller Breaks Down In Final Appearance: 'I Regret Everything'
(DBN)

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Lehman:

Second Circuit Holds that Contingent Equity-Based Compensation of Former Lehman Employees are Subordinate to Creditor Claims
(DBN)

Second Circuit Affirms Subordination of Employees’ Breach of Contract Claims Relating to Unvested Equity Interests
(DBN)

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Food/Beverage:

U.S. trustee objects to bankruptcy sales effort by Ignite
(DBN)

Here's when sales will end for Marsh Supermarkets
(DBN)

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Maritime:

Economic pressures continue even after Hanjin
(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 (23 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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Estoppel:

Judicial Estoppel: Its Development, Current Status, and How the Eleventh Circuit’s Forthcoming Opinion in Slater Might Portend the End of Its Rigidity
(DBN)

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Plan Confirmation:

Chapter 11 Cramdown Interest Rates: Till, Momentive, and the Proper Valuation Method
(DBN)

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Cure:

Finding a “Cure”: How Much Interest Is Enough for a Chapter 11 Cure?
(DBN)

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Property of the Estate:

Mixing Business With Pleasure: Evaluating the Blurred Line Between the Ownership of Business and Personal Social Media Accounts Under § 541(a)(1)
(DBN)

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Avoidance Actions:

Crime-Fraud Exception and Intentional Fraudulent Conveyance Litigation
(DBN)

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Successor Liability:

Successor Liability and Buyers in Bankruptcy: Will the 'Tronox' Decision Help the New GM?
(DBN)

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Mediation:

What They Really Want… Bringing Objective Evaluation into Mediation
(DBN)

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Ch. 13:

BK ND CA: Court Adopts New Form Order For Ch. 13 Plan Modification
(DBN)

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Bankruptcy Rules:

BK RI Seeks Comments On Proposed Changes To Local Rules
(DBN)

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Insurance:

Insured vs. Insured Exclusion Precludes Coverage for Claim Assigned by Debtor in Possession to Liquidation Trustee
(DBN)

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Bankruptcy Remoteness:

Special Purpose Vehicles’ Authority to File for Bankruptcy Revisited
(DBN)

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Autos:

For Autoworkers Downturn is Already Here
(DBN)

Takata likely to file for bankruptcy protection on Monday • Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources • Takata shares halve in the wake of bankruptcy rumors
(DBN)

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Tech:

Imagination puts itself up for sale as it battles Apple over chip designs
(DBN)

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Currency:

How big is bitcoin, really? This chart puts it all in perspective
(DBN)

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Corporate Reform:

Trump and Cordray Are 'Two Bulls Circling Each Other,' GOP Lawmaker Says
(DBN)

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Banking:

Fed to Increase First Round of Bank Stress Test
(DBN)

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UK:

Much-needed business rescue reforms placed in doubt by Queen's Speech

Trump's Proposed UK Visit Conspicuously Absent in Queen's Speech • Nothing has changed with respect to the president's planned trip, officials say
(DBN)

Boris Becker declared bankrupt by British court • Boris Becker Fails To Pay Long-Standing Debt, Declared Bankrupt • Boris Becker responds to bankruptcy , says surprised and disappointed
(DBN)

Brexit one year after vote: Here are the 5 possible scenarios for the EU divorce • The political forces that could conspire to block or reverse Brexit
(DBN)

Insolvency and losses 'to rise as Brexit kicks in'
(DBN)

UK factories have best month for orders since 1988: CBI
(DBN)

There are 600 high-rise buildings in England with similar 'combustible' cladding used in Grenfell Tower
(DBN)

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PIIGS:

Greece's Tsipras lays out prospect of bond market return
(DBN)

El-Erian: Greece has been robbed by IMF and eurozone’s failure to agree • Greek debt: IMF and EU's temporary fix isn't enough
(DBN)

Creditor talks to save Spain's Reyal Urbis break down - source
(DBN)

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Canada:

Sears Canada preparing to seek bankruptcy protection: report • Shares plunge
(DBN)

Study finds Canadian oil and gas spending at risk under stricter emissions limit
(DBN)

Canada's Housing Bubble Will Burst
(DBN)

OSC bans Garth Drabinsky from becoming director or officer of public company
(DBN)

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Venezuela:

Venezuela condemns US-led efforts to resolve crisis, dares Washington to 'send in your Marines'
(DBN)

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MENA:

Disgraced Israeli Tycoon Eliezer Fishman Formally Declared Bankrupt • Mogul owes $425 million in largest-ever Israeli bankruptcy
(DBN)

Kushner's Middle East Peace Plan Looks Like Capitulation
(DBN)

Gulf States Deliver Demands for Qatar
(DBN)

"Unlawful" sukuk threaten Dubai's Islamic finance ambitions
(DBN)

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India:

SEBI exempts buyers of debt-laden cos from making open offer, pref issue
(DBN)

NPA: Banks may have to take 56 per cent haircut to bail out 5 debt-ridden steel firms
(DBN)

After RBI, Sebi pitches in to sort out bad loans mess
(DBN)

Banks seek clarity on provisions for accounts being sent to NCLT
(DBN)

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Copyright 2017