March 29, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Are In-House Lawyers Happy With Their Outside Counsel?
(DBN)

Red-flag billing practices chronicled; report finds ‘upbilling’ by 21 percent of law firms
(DBN)

Dallas' Increase in Lawyer Billing Rates Among Highest in Country
(DBN)

Show Me the Money (??) - Partner compensation must be aligned with strategy
(DBN)

Partners Question 'Unreasonable' Deutsche Demands on Junior Lawyer Pay
(DBN)

Chadbourne Defense Illustrates Difficulties In Gender Bias Suits
(DBN)

How To Get A Foothold In The NY Legal Market
(DBN)

Supreme Court lets stand ruling in favor of ABA in blind man’s LSAT disability suit
(DBN)

In Trump U Case, an Attack on the Lawyer Who Wants to Hold Up $25M Deal
(DBN)

Worried that indicted DA is broke, lawyer wants off his case Indicted Philadelphia DA needs lawyer, has money woes Atty looking to back out of bribery case against Philly DA chided by federal judge
(DBN)

T14 Law Professor Backs Out Of Privacy Debate With ‘Most Hated’ Lawyer
(DBN)

The Dan Markel Case: Lingering Questions Over Who’s Paying Katherine Magbanua’s Legal Fees 5 Things to Know About the Mysterious Shooting of Popular Florida Law Professor Dan Markel
(DBN)

ABA Finally Puts Law School On Probation For Horrendous Bar Passage Rates
(DBN)

Lawyers Using Social Media Lack Framework for What's Allowed
(DBN)

Former KattenLaw atty calls his indictment in Shkreli case "careless."
(DBN)

Grope Lawsuit: Trump Wants Immunity In Trump's defense against a defamation lawsuit, he cites a case Bill Clinton lost
(DBN)

S.C. Man Killed by Police Shot 17 Times In Back: Suit
(DBN)

Prosecutors want jury to know about John Wiley Price's 20-year-old bankruptcy to help prove bribery case
(DBN)

Do Not Mess with Sally Yates DOJ cited privilege in seeking to block Russia testimony by former acting attorney general Yates Expected To Testify Before House Intelligence Committee Did the Justice Department Try to Keep Sally Yates from Testifying?
(DBN)

Law firm’s suit claims its lawyer stole client information for firm he operated on the side
(DBN)

Judge: Why Is Giuliani Defending Alleged Iranian Money Launderer?
(DBN)

The Show That Shaped The Perception Of Lawyers
(DBN)

Beyond Biglaw: 3 Associate Lessons From ‘Goliath’
(DBN)

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Judges:

California chief justice blasts immigration crackdown, says rule of law is ‘being challenged’
(DBN)

Senate Set For Gorsuch Showdown Next Week Gorsuch Will Be Confirmed On April 7, Per Senate Majority Leader Gorsuch Vote: 5 Top Issues From Senate Hearings Schumer headed for epic clash with McConnell Inscrutable Gorsuch raises Democratic ire Gorsuch's path to 60 votes closing fast More Democrats oppose Trump's U.S. Supreme Court pick
(DBN)

On The Longevity Of Supreme Court Justices
(DBN)

Trump Loves ‘Fake Judges,’ Can’t Stand Real Judges
(DBN)

Judge arrested, charged with exchanging judicial favors for sex Judge's Federal Corruption Case Alleges Sex With Defendants, Bribery
(DBN)

Should Judges Consult Their Personal Moral Convictions?
(DBN)

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Wall Street:

S&P 500 set to struggle for direction, but Vertex soars 17%
(DBN)

U.S. stocks close with strong gains on consumer confidence
(DBN)

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Layoffs:

The CEO in charge of KFC, Pizza Hut, and Taco Bell predicts a future where robots run the world The 12 jobs most at risk of being replaced by robots Study: Robots Really Did Take People's Jobs Rise of the robots as BlackRock overhauls its stockpicking business
(DBN)

Pittsburgh: Chemical plant closing; 220 jobs at stake
(DBN)

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Personal Finance:

7 bad answers to common job interview questions
(DBN)

Should I let my parents keep supporting me?
(DBN)

13 useless things to stop wasting your money on
(DBN)

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Politics:

Government watchdog to review Trump’s use of Mar-a-Lago
(DBN)

Ivanka Trump once encouraged women to state their job titles. Now she won’t share hers.
(DBN)

Republicans’ health-care disaster is already haunting their next big thing
(DBN)

Trump Tired to Block Sally Yates' Testimony Trump's business network reached alleged Russian mobsters Congressman Nunes in a Hole and He Won't Quit Digging
(DBN)

New York City to Melania: Please Leave
(DBN)

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Retailing:

Payless mum on bankruptcy , store closing report Report: Payless bankruptcy may be imminent
(DBN)

Sears: Why Insider Buying Isn't All That
(DBN)

Don't Be Fooled By High Dividends on Retailer Stocks
(DBN)

Amazon will start collecting Sales Tax Nationwide April 1
(DBN)

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Fishing:

Pacific Andes subsidiary Golden Target files for bankruptcy
(DBN)

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Autos:

VW board recommends discharging top management, supervisory panel
(DBN)

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Banking:

Wells Fargo to pay $110 million to settle lawsuits over unauthorized accounts
(DBN)

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Food/Beverage:

Troubled Restaurant Group Treadsack Faces Lawsuit & Files For Bankruptcy Protection Treadsack restaurant group seeking bankruptcy protection
(DBN)

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Aviation:

Aerospace Holdings Files for Chapter 11 Bankruptcy Aerospace Holdings Opens Ch. 11 With $98M Debt, Sale Plan
(DBN)

Weil navigates helicopter company through Cayman uncertainties as part of global restructuring
(DBN)

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Coal:

Wind Energy Now Directly Competing With Coal On Cost
(DBN)

A look at how Trump's moves on coal will affect the industry
(DBN)

Trump's Plan Won't Reverse Coal's Decline
(DBN)

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Economy:

Consumer confidence hits 16-year high; house prices rise Consumer Confidence Doesn’t Reflect Facts
(DBN)

US Economic Confidence Drops to Lowest Level Since Election
(DBN)

Financial Fragility of U.S. Households in Latest Fed Survey Remains Neutral
(DBN)

Congress Gears Up for Fight Over Spending After Failure of Health-Care Bill
(DBN)

How Utah Keeps the American Dream Alive
(DBN)

Trump: Cut Debt by Selling Federal Assets
(DBN)

Staying Rich Without Manufacturing Will Be Hard
(DBN)

Trump Gets List of Infrastructure Priorities
(DBN)

Richmond Fed: Regional Manufacturing Activity Expanded in March
(DBN)

Here are the US counties where there are more deaths than births
(DBN)

Tax Reform Will Be a Nightmare Divisions threaten Trump’s hope of winning his next big legislative battle: Taxes
(DBN)

Trump is making huge changes to his economic agenda after the 'Trumpcare' defeat
(DBN)

Ford says it will invest in 130 jobs in Michigan after Trump tweets about a 'major investment' Trump touts jobs as Ford invests $1.2 billion in Michigan plants As Trump Flaunts Ford’s $1.2B Investment, Ford Says It Was Planned in 2015
(DBN)

White House eyeing $18 billion in cuts from social programs
(DBN)

There's been a 'stunning' shift in the US economy since Trump's election
(DBN)

Looks Like Trump Won’t Be Getting Any Money to Build His Wall This Year Congress Doesn't Want to Pay for Trump's Wall
(DBN)

The Cost of Trump's Deepening Unpopularity
(DBN)

Why Trump Tax Reform May be DOA
(DBN)

How Washington just upended your dreams of early retirement
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Bank of America fined $45 million for ‘heartless’ foreclosure Amount meant to be large enough that it won't 'be laughed off in the boardroom' $45 Million for Stay Violations The Opinion
(DBN)

Mortgage applications stay flat even as rates drop to lowest in three weeks
(DBN)

Case-Shiller: National House Price Index increased 5.9% year-over-year in January US home prices rise 5.9 percent to 31-month high in Jan Home Prices in 20 US Cities Rise at Fastest Pace Since 2014
(DBN)

Chicago: Buyer of distressed homes files for Chapter 11
(DBN)

5th Cir. Holds No Wrongful Foreclosure Without Completed Foreclosure Sale, Substitute Trustee Fraudulently Joined
(DBN)

Deal struck in bankruptcy dispute over Civic Partners complex in Sioux City
(DBN)

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Municipalities:

U.S. House panel pushes Puerto Rico governor to secure PREPA debt deal
(DBN)

What Should Puerto Rico Offer Its Creditors?
(DBN)

Why Puerto Rico Will Likely Rely On PROMESA Title III
(DBN)

Issues to Expect in a Title III Puerto Rico Restructuring
(DBN)

Puerto Rico's major bondholders critical of fiscal turnaround plan
(DBN)

House subcommittee examines progress of Puerto Rico’s restructuring agreement
(DBN)

Trump Proposed Budget Would Impact Puerto Ricans on Island, Mainland
(DBN)

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Oil/Gas:

Deepwater Driller Ocean Rig Files for US Bankruptcy Protection Ocean Rig UDW Files for U.S. Bankruptcy Protection Rig contractor Ocean RIG files for bankruptcy protection in US Ocean Rig files for Chapter 15 bankruptcy protection; shares -60% Ocean Rig Files For Bankruptcy
(DBN)

Breitburn Energy Bankruptcy Plan - Multiple Plans That May Include Sec 363 Sale Of Assets
(DBN)

3 areas of risk the oil and gas industry should monitor as we emerge from the slump
(DBN)

Bankrupt frac sand company sells for $30 mln over initial offer
(DBN)

Bankruptcy judge protects Ezra's assets
(DBN)

Tidewater opts not to renew waivers from its creditors
(DBN)

As prices recover, oil companies say they’re not likely to go back to old ways
(DBN)

Shale Drillers Hedge, Putting A Cap On Any Oil Price Rally
(DBN)

______________

Nuclear:

Toshiba's US nuclear unit bankrupt Toshiba's US nuclear unit files for bankruptcy protection Toshiba's Westinghouse files for US bankruptcy Nuclear giant Westinghouse files for bankruptcy protection Toshiba’s Westinghouse Electric files for bankruptcy protection Westinghouse Files for Bankruptcy, in Blow to Nuclear Power Toshiba’s U.S. Nuclear Unit Westinghouse Files for Bankruptcy Toshiba's Westinghouse seeks Chapter 11 bankruptcy protection Westinghouse Announces Strategic Restructuring
(DBN)

Possible Westinghouse bankruptcy a US national security issue
(DBN)

Could possible bankruptcy hurt ongoing Midlands nuclear project?
(DBN)

UK nuclear plans could be hit by Westinghouse financial crisis
(DBN)

Explainer: Why fortune did not favor Toshiba
(DBN)

Westinghouse files for bankruptcy, with 4 U.S. nuclear reactors unfinished
(DBN)

SC regulators brace for Westinghouse bankruptcy and its potential impact on $14B nuclear project
(DBN)

Westinghouse woes could raise power bills in Georgia, South Carolina
(DBN)

Cracks appearing among Toshiba creditors
(DBN)

Westinghouse bankruptcy leaves Toshiba facing 1tn yen net loss Toshiba says 2016 net loss could reach $9.1bn
(DBN)

Westinghouse Bankruptcy Won't Save Toshiba
(DBN)

______________

Education:

Finalist withdraws from St. Paul schools' superintendent search after bankruptcy discovered
(DBN)

______________

Fraud:

Founder of bankrupt BlueHippo found in contempt, ordered (again) to pay $13.4 million to FTC
(DBN)

______________

Corporate Reform:

Dems working with GOP on consumer bureau revamp
(DBN)

Trump Administration Continues To Indicate Tide Change Away From Support Of The CFPB
(DBN)

______________

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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Bankruptcy Statistics:

National Study of Individual Chapter 11 Bankruptcies
(DBN)

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Structured Dismissal:

Supreme Court Bans Use of “Structured Dismissals” to Circumvent Bankruptcy Code’s Priority Scheme
(DBN)

______________

Automatic Stay:

Can a Creditor’s Inaction Violate the Automatic Stay?
(DBN)

______________

Jurisdiction:

Stern Requires More Than Subject Matter Jurisdiction, Bankruptcy Court Must Also Have Constitutional Adjudicatory Authority to Approve Nonconsensual Third-Party Releases in a Plan
(DBN)

______________

Mediation:

A PricewaterhouseCoopers Déjà Vu: Mediation, Then Trial, Then Settlement During Trial
(DBN)

______________

Exemptions:

Court Erroneously Requires that Exemption Attach to Equity
(DBN)

______________

Priorities:

Beyond Gifting: Harmonizing the Devolution of Reorganization Plan Gifts and the Evolution of Sale Gifts
(DBN)

______________

Valuation:

Debating the Question of Undervaluation in Chapter 11
(DBN)

______________

Student Debt:

In answer to ABA lawsuit, Education Department says it never changed loan forgiveness rules
(DBN)

Study: Income-Based Repayment Reduced Defaults
(DBN)

Defaulting on some student loans gets more costly
(DBN)

______________

Healthcare:

Here’s when we’ll know the future of Obamacare The GOP healthcare overhaul might be back from the dead GOP: Killing Obamacare Still on the Agenda We Don't Know Whether Obamacare Was a Net Gain Trump Can Still Wreck Health Care Trump tells lawmakers he expects deal 'very quickly' on health care
(DBN)

Insurers Struggle to Plan for Future Amid Health Care Policy Vacuum
(DBN)

______________

Awards:

International Women's Insolvency & Restructuring Confederation (IWIRC) Announces 2017 Founders Awards Winners
(DBN)

McGlinchey Stafford Member Rudy Cerone Named to ABI's Commission on Consumer Bankruptcy
(DBN)

______________

Shipping:

Bondholders skeptical of Daewoo Shipbuilding's rescue plan
(DBN)

Fitch: Korean Policy Banks the Most Exposed to Daewoo's Plight
(DBN)

______________

UK:

We’ve heard it all before: re-running arguments in bankruptcy proceedings
(DBN)

Enyo Law launches insolvency practices
(DBN)

West Midlands hospitality businesses at highest risk of insolvency
(DBN)

Goldman Sachs reassures staff over Brexit in voicemail
(DBN)

Eastenders star Richard Blackwood bounces back from bankruptcy
(DBN)

England to Secede from the Union Starting Today Why triggering Brexit signals a long, slow bleed for the UK banking sector May's Brexit Farce Devolves into Parody 5 Ways Brexit Will Transform the EU Brexit: We can't have our cake and eat it, says Philip Hammond Article 50: May signs letter that will trigger Brexit Brexit Doesn't Have to Be a Disaster Make Brexit About Mending, Not Destroying Three ways today’s triggering of Brexit is likely to change Britain — and Europe Article 50: What the fund managers are saying U.K. stocks rise as starting gun for Brexit gets set to fire UK triggers historic Brexit negotiations as official letter is handed to the EU All you need to know about Article 50 and the Brexit process U.K. Businesses Renew Brexit Wish Lists as EU Talks Start
(DBN)

Insolvency Rules - Changes to CVA's
(DBN)

Placing a Company into CVL
(DBN)

Where An Agreement Fails To Deliver
(DBN)

_____________

PIIGS:

ECB's Greek policy under criticism
(DBN)

______________

Canada:

Millennials In Ontario Filing For Insolvency At Higher Rates: Report
(DBN)

Essar Steel on third loan extension as it seeks to emerge from creditor protection
(DBN)

______________

Germany:

Restructuring & Insolvency In Germany
(DBN)

______________

Australia:

Insolvency safe harbor for 'diligent' directors
(DBN)

______________

China:

Huishan Dairy frets over creditor support
(DBN)

______________

Brazil:

Brazil's Odebrecht O&G Considers Out-Of-Court Reorganization
(DBN)

______________

Russia:

Restructuring & Insolvency In Russia
(DBN)

______________

Ukraine:

UK court says Ukraine has no "justifiable defense" in $3bln Russia bond case
(DBN)

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