March 14, 2017

The Daily Bankruptcy News

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Law:

AlixPartners 2017 North American Restructuring Experts Survey: A Changing World
(DBN)

Report finds increase in consolidation of outside legal work
(DBN)

Work-from-home plan to be offered by Morgan Lewis
(DBN)

One Lawyer, 6,905 Hours Leads to $1.5 Million Bill in Sprint Suit
(DBN)

On The Future Of Boies Schiller
(DBN)

U.S. News Law School Rankings Are Good News for Northwestern, Bummer for Berkeley
(DBN)

Dewey Witness Says CFO Was In On Accounting Fraud Dewey Finance Chief Says Firm Used 'False' Accounting to Mask Shortfalls
(DBN)

Litigation Funder Burford Poised to Cash in From First-Ever Bankruptcy Deal
(DBN)

Cassels Brock Welcomes Mary Buttery and Lance Williams
(DBN)

How Not To Mess Up A Litigation Hold
(DBN)

What Do You Do When A Client Scares You?
(DBN)

Make life easy for the other guy
(DBN)

Discrimination against gay employees not prohibited by Civil Rights Act, 11th Circuit rules
(DBN)

Retired NFL players allege team doctors broke prescription laws, pushed painkillers
(DBN)

Biglaw Wife Accused Of… Welfare Fraud?
(DBN)

Preet Bharara may be gone, but his investigations likely to continue How Preet Bharara made a name for himself Trump's Prosecutor Purge Stokes DOJ Strife Who Cares if Prez Told Bharara He Could Stay? Bharara's Complicated White Crime Legacy Preet Bharara Is Going Out In The Most Preet Bharara Way Possible Oh the Law Firms Preet Bharara Could Go — If He Only Wanted To Is Preet Bharara Trying to Tell Us Something?
(DBN)

DOJ asks for more time in House intel request for Trump ‘wiretap’ evidence
(DBN)

Lawyer/Rocker to Play SXSW Showcase
(DBN)

States are lining up to challenge Trump’s revised travel ban Wisconsin federal judge issues injunction against revised travel ban for family of Syrian refugee The Second Legal Front Against The Trump Travel Ban Has Been Opened
(DBN)

Italy and Mexico tracked down a fugitive mafia leader using his own Facebook posts
(DBN)

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Judges:

BK MA: Boston, Worcester and Springfield offices closed for weather BK NH Closed BK NJ Closed BK ED NY Central Islip Closed BK SD NY Closed BK RI Closed BK ED PA: Reading and Philadelphia Closed 3rd Cir. Closed
(DBN)

Justice Scalia's Bankruptcy Jurisprudence: The Right Judicial Philosophy for the Modern Bankruptcy Code?
(DBN)

Wyoming magistrate censured, but not removed over refusal to perform same-sex marriages
(DBN)

What Would Make Someone Quit The Supreme Court?
(DBN)

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Wall Street:

US stocks set to pull back with Fed meeting in focus
(DBN)

Stocks Mixed as Wall Street Braces for FOMC
(DBN)

Most Overvalued Stock Market in History
(DBN)

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Layoffs:

Noble to lay off 200 Midland workers
(DBN)

LAUSD to notify 1,600 administrators of possible layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retailer Gordmans declares bankruptcy , plans liquidation Gordmans files for bankruptcy Gordmans files for bankruptcy ; stores to operate 'without interruption' Gordmans declares bankruptcy , liquidates all stores Gordmans files bankruptcy , plans to sell stores Gordmans Shows The Importance Of Efficient Bankruptcy To A Free Market Economy Gordmans may sell off inventory following bankruptcy filing Gordmans announces bankruptcy , plans to close 106 stores Questions remain as Gordmans seeks bankruptcy protection Century-old Gordmans Stores latest Sun Capital-backed business to file for bankruptcy protection
(DBN)

What The Gander Mountain Bankruptcy Means For Dicks Sporting Goods, Sportsman's Warehouse
(DBN)

Retail turmoil continues with first quarter results
(DBN)

Sears ups cost-cutting efforts as sales continue to fall
(DBN)

Sprint Says RadioShack's Bankruptcy Won't Affect their Financials
(DBN)

2017 is a 'tipping point' for America's distressed retail industry
(DBN)

Amazon is the reason Warren Buffett sold Walmart
(DBN)

Nasty Gal’s New Owner Is Pissing Off Customers
(DBN)

Houston mall to shutter all but five stores this month
(DBN)

How teens and smartphones are killing teen-fashion retailers
(DBN)

No, the rest of America is not online shopping like you are
(DBN)

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Gambling:

Defunct AC Casino to become 'world class' indoor water park
(DBN)

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Politics:

 

‘I’m not in the job of having evidence,’ Conway says
(DBN)

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Student Debt:

Trump May Give Students Debt Relief That Obama Refused
(DBN)

What Every Parent Can Do to Keep Their Kids From Drowning in College Debt
(DBN)

There’s a huge catch if the federal government forgives your student debt
(DBN)

Growing Chorus of Conservatives Calling for the Return of Bankruptcy Protections to Student Loans
(DBN)

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Accounting:

PwC threatens MF Global mistrial; Corzine defends actions
(DBN)

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Shipping:

'Material debt forgiveness' of loans possible for Rickmers
(DBN)

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Coal:

Peabody Energy: How To Rig The Ballot Box In The Heist Of The Century
(DBN)

Peabody Energy - Are The Senior Management Team And Lawyers The Only Winners?
(DBN)

Coal Industry Urges Trump to Continue Funding Fossil Energy Research
(DBN)

Trump caught between coal and a hard place on budget
(DBN)

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Food/Beverage:

Americans cutting down on eating out
(DBN)

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Nuclear:

Toshiba misses third-quarter deadline; considers strategic options for Westinghouse Toshiba Mulls Sale of Controlling Stake in Westinghouse Unit Toshiba's troubled Westinghouse may be strategic fit for China
(DBN)

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Economy:

Fed’s Yellen holds power to determine success of Trump presidency Fed’s on thin ice in a Trump administration, expert says Fed expected to send hawkish signals with the dot plot
(DBN)

Fed may not ‘pull any punches’ in policy statement
(DBN)

BLS: Unemployment Rates Stable in 45 states in January, Arkansas and Oregon at New Lows
(DBN)

Winners in Obama's America Are Still Riding High
(DBN)

How Trump is solving central bankers’ biggest problem
(DBN)

A third of American families have ‘roller coaster’ finances
(DBN)

Consumer Debt Nears Pre-crash Levels
(DBN)

Consumer debt not on trend with economic growth
(DBN)

Number of Unemployed for Over 26 Weeks Since 1969
(DBN)

These economic 'black swans' could rock global markets
(DBN)

More Bank Capital Could Kill the Economy
(DBN)

States with the highest and lowest taxes
(DBN)

Senate Democrats Raise Specter of Shutdown Over Border Wall Funding
(DBN)

Pew: US labor force would shrink without new immigrants Iowa rep defends his tweet claiming that western civilization can't be restored 'with someone else's babies' Is This What Steve King Meant About ‘Somebody Else’s Babies’?
(DBN)

The Ghost Bosses - Private-equity firms have been rapidly buying and selling off companies for decades
(DBN)

2 Ways the Fed Could Crush the Housing Market Recovery
(DBN)

Why Are the Feds Trading Public Land to the 1%?
(DBN)

White House Wants Billions Cut from UN
(DBN)

Want the American dream? Move to these countries...
(DBN)

Trump signs executive order aiming to trim government costs
(DBN)

Why So Many CEOs Are Cozying Up to Trump
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Third Circuit Finds Homeowner's Mortgage Insurance Obligation Not Extended By Mortgage Modification
(DBN)

Lis Pendens Saves Equitable Mortgage
(DBN)

"Mortgage Rates Approach 3-Year Highs Ahead of Fed"
(DBN)

No fix in sight for roads in Jefferson County's bankrupt subdivisions
(DBN)

Here are the top 10 best cities to sell a home
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

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Municipalities:

Puerto Rico Seeks Money For Healthcare
(DBN)

Puerto Rico creditors urge extension of fiscal plan deadline
(DBN)

Puerto Rico Board Approves Fiscal Road Map
(DBN)

Board tells Puerto Rico to cut pensions, impose furloughs
(DBN)

Puerto Rico to start restructuring talks with creditors 'immediately'
(DBN)

Puerto Rico debt plan calls for austerity, public spending cuts Puerto Rico , Mired in Debt , Has a New Rescue Plan
(DBN)

Puerto Rico governor says he wants to improve, not 'destroy,' PREPA restructuring
(DBN)

Judge declines to dismiss Flint water crisis charges
(DBN)

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Oil/Gas:

Chaparral Energy expects to emerge from chapter 11 bankruptcy at the end of March Court approves Chaparral exit plan from bankruptcy
(DBN)

Rooster Energy Enters Into Third Amendment to Note Purchase Agreement With Holders of Senior Secured Notes
(DBN)

Oil edges off three-month lows, eyes on U.S. inventory
(DBN)

Saudi Arabia’s War On Shale Never Ended
(DBN)

New Oil Price War Looms As The OPEC Deal Falls Short
(DBN)

U.S. Shale Faces A Workforce Shortage
(DBN)

Russian Oil Major Says US Shale Growth Imperils OPEC Deal
(DBN)

Oil Below $49 as Rise in US Drilling Threatens OPEC's Efforts
(DBN)

Global Rig Count Suggests An Oil Price Rally Is Near
(DBN)

Seadrill: West Mira Surprise Changes Nothing
(DBN)

Will Trump Send Oil Prices Crashing?
(DBN)

Oil executives confident that future is bright
(DBN)

Swiber defaults on its bond coupon payout due on March 20
(DBN)

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Banking:

FDIC Suing Banks, BBA In UK Over Benchmarking
(DBN)

FDIC unveils Dodd-Frank alternative for "better" bank regulation
(DBN)

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Politics:

Trump: Obamacare is like Obama — 'when he was here, they didn't like him so much' Trump Didn't Mean Wiretapping When He Said Wiretapping Conway: Obama May Have Used Microwaves to Spy on Trump Merkel Postpones Trump Meeting Left Behind: The Trump Rapture Part 1
(DBN)

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Celebs:

50 Cent Seeks Sanctions Against Writers Who Say He Stole Idea
(DBN)

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Tech:

Sheon Karol of The DAK Group Selected to Administer Distribution Trust of Silicon Valley Violin Memory, Inc.
(DBN)

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Environmental:

Companies that dumped radioactive waste file for bankruptcy
(DBN)

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Autos:

Ford chairman: Employees voluntarily worked with no pay to keep us out of bankruptcy in 2008
(DBN)

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Aviation:

Defunct Clearwater private jet company Avantair goes from boom to bankruptcy to federal court
(DBN)

Aruban company will request bankruptcy InselAir International
(DBN)

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Pharma:

The collapse of Valeant
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

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Consumer Bankruptcy:

New ABI Commission on Consumer Bankruptcy
(DBN)

BK SD IL: New Ch. 13 Plan
(DBN)

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Mediation:

Mediation Statements in Federal Courts May or May Not be Privileged and Can Be Waived
(DBN)

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Avoidance Actions:

Cal Dive Offshore Contractors, Inc. Preference Actions Filed
(DBN)

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Sanctions:

A Softer, Gentler Seventh Circuit Reconsiders “Substantial Compliance” under Rule 11
(DBN)

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Strategy:

Companies Are Using Covenants to Restructure Their Capital Structure and Prime Existing Debt
(DBN)

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Insurance:

How Will the Trump Administration Affect D&O Claims?
(DBN)

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Solar:

SunEdison settles with TerraForm companies, paves way for bankruptcy exit
(DBN)

Law firms reap the benefits of SunEdison bankruptcy
(DBN)

Sungevity tumbles into bankruptcy, lays off 350 Oakland solar company Sungevity files for bankruptcy Sungevity Declares Bankruptcy, Sells Assets, Gains up to $20M to Continue ‘Uninterrupted’ Operations Sungevity files for bankruptcy protection in US, agrees sale Sungevity, Inc. Announces Plan To Strengthen Balance Sheet And Restructure Company First Day Dec
(DBN)

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Healthcare:

GOP bill raises premiums for older, poor Americans by more than 750% CBO: 24 Million Fewer People Would Have Health Insurance by 2026 The White House's estimate of coverage losses under the GOP's health care plan is even larger than the CBO Voters Won't Ignore This CBO Score Trump’s backing a health care plan that breaks his promises Everyone Will Be Covered (Except For 24 Million) The big problem in the 'score' of the GOP health plan 'We disagree strenuously': Trump team attack CBO's unflattering 'Trumpcare' report OMB Director Mulvaney Blowing Smoke on Health Law’s Impact Here’s the problem that Trumpcare and Obamacare share CBO Exposes Republican Penchant for Deceit The GOP's Obamacare replacement is going to disproportionately impact one group Republicans don't understand their own criticisms of the agency that's about to score their healthcare bill Trump: Health Care Savings Could Take Years Best Health-Care Plan for Republicans? Wait Trump steps up O.Care Repeal Push Trading Health Care for the Poor for Tax Cuts for the Rich Republicans are flirting with class warfare in their health care bill The GOP's Obamacare replacement includes many Republican governors' biggest fear — and it could doom the bill Truth About Uninsured Rate in America Republicans’ Obamacare replacement would cut $337 billion from the budget. Here’s who’d pay for it. Trumpcare would be the death of the health insurance industry
(DBN)

GOP health-care bill could have ‘fairly devastating effect’ on hospitals, Mt. Sinai CEO says
(DBN)

Judge rules Alere unit can’t reinstate Medicare privileges during appeal
(DBN)

The GOP’s dramatic change in strategy to pass its health-care law
(DBN)

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Weather:

N.Y.C. in state of emergency as ‘life-threatening’ blizzard nears
(DBN)

Thousands of flights, school lessons canceled as blizzard hits the Northeast
(DBN)

Fed anticipation and snowmageddon could freeze market action
(DBN)

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Energy Storage:

Taxpayers line up for money from bankrupt Aquion Energy
(DBN)

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UK:

Theresa May has ditched her Brexit plan to trigger Article 50 this week
(DBN)

Theresa May now has the power to trigger Brexit
(DBN)

Barclays among unsecured creditors set to lose £33.5m in KWM Europe administration
(DBN)

Pound plunges to 10-week low as Brexit reality hits
(DBN)

Reality Check for Rates Liability
(DBN)

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PIIGS:

Greek Interior Minister Calls for Opposition to Vote for Austerity Measures
(DBN)

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Canada:

Cliffs Pensioners Need Federal, NL, Government Help
(DBN)

Success Fees and Super-Priority Charges in CCAA Proceedings
(DBN)

CBC: Oil Industry to Keep Losing Money
(DBN)

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Mexico:

The sudden disappearance of a Mexican governor leaves behind nearly empty state coffers
(DBN)

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Brazil:

Brazil's Grupo Schahin defeats Ita+¦ challenge to debt plan
(DBN)

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Australia:

Foreign resident capital gains withholding and insolvency arena
(DBN)

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China:

Chinese Leaders Back Bankruptcies for Unwanted Zombie Companies
(DBN)

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Japan:

Here's Why Japanese Firms Manage to Dodge Bankruptcy
(DBN)

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Germany:

German company insolvencies fall to record low in 2016, size of claims rises
(DBN)

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