May 25, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

‘Second hundred’ law firms trail top 100 in revenue growth; the middle underperforms
(DBN)

Law firm leaders report lawyer oversupply and ‘chronically underperforming lawyers’
(DBN)

Dechert Lets Multiple Associates Go After Performance Reviews
(DBN)

Under the bonnet: an in-depth look at the financial health of the UK top 50
(DBN)

Saul Ewing and Arnstein & Lehr confirm merger talks; must smaller firms ‘grow or die’? Saul Ewing and Arnstein Lehr in merger talks to create 400-attorney firm
(DBN)

How Much Do Clients Care About Huge Biglaw Layoffs?
(DBN)

Am Law 200 Rankings Bring Bad News for Some NY Firms
(DBN)

I’m a 1st year law firm corporate associate and want to transition to litigation. How do I make the switch?
(DBN)

Ravel Law unveils new tool that measures law firm success
(DBN)

Oh, The Places You’ll Go By Blogging
(DBN)

My Third Trip To A Psychiatric Facility
(DBN)

One Year After Arrest Of Alleged Hit Man, Prosecutors Are No Closer To Charging Adelsons In Murder Of Dan Markel, Despite 'Mountain Of Strong But Circumstantial Evidence'
(DBN)

The Law Schools With The Most Unemployed Graduates (2016)
(DBN)

The Introvert Law School Dean
(DBN)

Overcapacity In Legal Education
(DBN)

After Hiring Lobbyist Who Helped Get Education Secretary Betsy DeVos Confirmed, Charlotte Law School Gets Federal Student Loan Lifeline
(DBN)

One of Canada's Largest Firms Heads to New York
(DBN)

60% of lawyers think visible tattoos are not acceptable in their firms
(DBN)

Longtime Trump attorney set to aid president amid Trump's Go-To Lawyer Kasowitz: A Pit Bull Loyal to the Bossprobe Marc Kasowitz… Will You Accept This Rose? Marc Kasowitz helped Trump through bankruptcy and divorce. Now he's taking on the biggest case of his career
(DBN)

Paul Ryan breaks with Trump, says James Comey isn't a 'nut job'
(DBN)

Here's what the two tiny dots at the top of your iPhone are for
(DBN)

Articles of impeachment against Trump are being drafted, says congressman
(DBN)

Lawyer is accused of offering rape victim cash not to testify, warning of deportation if she appears
(DBN)

Man convicted of murdering his defense lawyer proclaims innocence at sentencing
(DBN)

Prosecutors in Manhattan deal with unsavory pests and dilapidated offices Something Is Rotten In The Southern District Of New York
(DBN)

Games Lawyers Play
(DBN)

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Judges:

 

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Wall Street:

U.S. stocks poised for 6 wins in a row with energy sector in focus
(DBN)

World stocks hit record after Fed minutes, oil up as OPEC meets
(DBN)

S&P 500 hits record high close after Fed minutes
(DBN)

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Layoffs:

Layoffs Looming as No One Wants to Stay at Trump's NYC Hotel Trump SoHo plans layoffs amid nosediving corporate event business
(DBN)

Novartis to Lay Off 250 Nationwide
(DBN)

Financially troubled LeEco cuts 70pc of its US workforce
(DBN)

Carrier's Saved Jobs? Layoffs Start July 20
(DBN)

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Politics:

Deutsche Bank ordered to provide details on Trump's Russia loans Russian officials bragged about how well they knew Trump's advisers Russians Talked on How to Influence Trump Trump may have revealed the location of 'nuclear submarines' on a phone call to the Philippines' Duterte Trump Organization sends glossy pamphlet full of hotel pictures after being asked for documents on donations from foreign governments Despite promise, Trump's business offers little information about foreign profits Awkward photos from Trump's visit with Pope Francis at the Vatican Justice Department: Jeff Sessions did not disclose meetings with Russian officials when he applied for his security clearance Trump calls North Korean leader a 'madman,' days before saying he'd be 'honored' to meet him Lawmakers seek details of Trump-Deutsche Bank-Russia ties Trump's meetings with NATO and the EU could be the toughest leg of his trip abroad Trump’s Diplomatic Tour Not Lifting His Job Approval at Home
(DBN)

The GOP faces another judgment day on healthcare
(DBN)

Voters Still Trust GOP on Economy as Budget Relies on Big Growth
(DBN)

Reince Priebus Sweating Secret Comey Memos, White House Sources Say
(DBN)

Trump’s Company Tells Congress Its Plan for Distributing Foreign Profits
(DBN)

Montana GOP candidate ‘body slammed’ reporter — and now faces assault charge 3 of Montana's biggest newspapers pulled their endorsements of Greg Gianforte after he was charged with assault
(DBN)

Dubious Russian Intel Doc Behind Email Probe
(DBN)

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Personal Finance:

12 small lifestyle habits you can adopt to save more money
(DBN)

73% of Americans Have Financial Regrets -- Don't Be One of Them
(DBN)

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Food/Beverage:

Marsh Leaders Due Bonuses During Bankruptcy
(DBN)

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Tech:

After a Rebrand and Bankruptcy, How Ligado Looks to Move Forward
(DBN)

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Lehman:

New Wave of Lehman Litigation Appears to Be Imminent
(DBN)

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Student Debt:

U.S. Department of Education Unveils Streamlined Student Loan Servicing Plan
(DBN)

Betsy DeVos announces huge overhaul of federal student loan system
(DBN)

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Taxis:

Ride-hailing companies will grow eightfold by 2030, dwarfing the taxi industry: Goldman Sachs
(DBN)

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Economy:

The Fed says it'll be appropriate to raise interest rates again 'soon' Fed signals interest-rate hike coming soon, but doubts remain on how much rates can rise Fed minutes show June rate hike isn’t guaranteed FOMC Minutes: More details on Balance Sheet Reduction Fed's Evans sees serious policy miss on U.S. inflation
(DBN)

Fed sets process to wind down $4.5 trillion balance sheet
(DBN)

Americans Still See Manufacturing as Key to Job Creation
(DBN)

There's one big problem with the Fed's plan to unwind its gigantic balance sheet
(DBN)

So Much for IBM's Bright Idea on Remote Work
(DBN))

American Prosperity Depends on a Nonwhite Future
(DBN)

Trump's budget proposal will radically slow job growth in coming years Trump's Budget Doesn't Double Count. It Actually Hides Higher Taxes Trump Budget Finds $0 in Wasteful Pentagon Programs Donald Trump’s $10 trillion magic asterisk Trump’s budget would cut off food for poor people if they have too many kids The 6 million people the White House believes can balance its budget President Trump’s ‘balanced’ budget relies on $2,062,000,000,000 in mystery money Trump’s budget could make it harder to investigate banks that received taxpayer bailouts The Trump Budget’s Approach to Welfare Is Based on Discredited Delusions
(DBN)

Why Trump's Tax Cuts May Not Spur a Corporate Spending Boom
(DBN)

Trump's 3 percent GDP growth target doesn't add up. Here's why
(DBN)

Ben Carson: Poverty is a State of Mind
(DBN)

No New Jobs from $110Bn Saudi Arms Deal
(DBN)

The $833 billion albatross around the necks of women with college degrees
(DBN)

Trump administration warns tax receipts are coming in slowly, government could run out of cash sooner than expected
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Lease Rejection: What Happens When the Landlord and Tenant Are Both in Bankruptcy?
(DBN)

Chapter 20 Debtor Could Not Strip Down Under-secured Priority Mortgage Lien on Investment Property
(DBN)

Here's the salary you have to earn to buy a home in 19 major US cities
(DBN)

Would You Rent from This Man?
(DBN)

It’s cheaper to buy a home than rent — but you have to find one first
(DBN)

Austin: Bella Vita homebuyers left waiting for resolve in bankruptcy court
(DBN)

Black Knight: Mortgage Delinquencies Increased in April
(DBN)

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Municipalities:

Puerto Rico's Faux Pension Reform
(DBN)

Puerto Rico Lays Claim to $400 Million Held by Bond Trustee
(DBN)

Puerto Rico Students Meet With US-Imposed Fiscal Board
(DBN)

The Wall Street Journal Declares “Creditor Emptor”
(DBN)

Puerto Rico's Political and Economic Crisis Deepens
(DBN)

Scranton, PA, Deep In Debt , Tries To Pick Itself Up
(DBN)

Chicago only major U.S. city to lose population from 2015 to 2016 Fastest Growing, Shrinking Cities in America
(DBN)

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Oil/Gas:

OPEC to Extend Oil Cuts for Nine Months to End Global Glut
(DBN)

Oil slides below $51 as Saudis rule out deeper output cuts
(DBN)

Bad news, energy bulls and bears: Oil is not going to either $25 or $75 a barrel
(DBN)

Goldman: Oil Glut To Return When OPEC Deal Expires
(DBN)

Oilfield Services Lag Shale Recovery
(DBN)

The nation’s crude oil glut continues to shrink
(DBN)

SeaDrill replaces chief ahead of refinancing deadline Seadrill Says Debt Restructuring Talks Are Progressing
(DBN)

The Saudi Oil Blunder That Will Keep Costing The Saudi-led OPEC Production Cuts Were a Mistake
(DBN)

The Saudi-led OPEC Production Cuts Were a Mistake
(DBN)

Are OPEC production cuts a done deal?
(DBN)

OPEC Monitoring Committee Proposes Nine-Month Extension
(DBN)

Private Equity Employs Unusual New Strategy In Oil & Gas
(DBN)

Oil Prices Spike On Strong Crude Inventory Draw
(DBN)

California town fights bankrupt Venoco's plan to abandon pipeline Venoco Bankruptcy Ends Major Source of Tax Revenue, Philanthropy — and Eases Environmental Worries
(DBN)

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Retailing:

J.Crew CEO confesses the 'very big mistake' that sent the company spiraling
(DBN)

Cerberus, American Eagle Work on Joint Bid for Abercrombie & Fitch
(DBN)

Will J.C. Penney File For Bankruptcy And When?
(DBN)

Sears just surprised Wall Street with a narrower-than-expected loss; shares climb 6%
(DBN)

Brick And Mortar Retail Is Not Dead: Don't Believe The Critics
(DBN)

No diamond in the rough. Tiffany plunges on weak sales
(DBN)

How Retailers Like Gracious Home Are Rebuilding After Chapter 11
(DBN)

The retail apocalypse is changing what it means to be a teenager
(DBN)

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Healthcare:

$1M endowment shifts hospitals in bankruptcy case
(DBN)

4 takeaways from the CBO's report on the revised Republican ACA repeal bill The verdict is in: 23 million more uninsured Higher Premiums for Pre-Existing Conditions Mitch McConnell: 'I don't know how we get to 50' votes on the American Health Care Act Key GOP senators slam House Obamacare replacement after CBO report CBO report says the GOP healthcare bill could throw many insurance markets into chaos The most alarming sentence for Republicans in CBO’s new health-care report CBO's Health-Law Report Sets Up Fight Among Senate GOP For Some TrumpCare Premiums to Rise 850%
(DBN)

"It doesn't seem right." Judge dismayed over Illinois' unpaid Medicaid bills
(DBN)

The future of Obamacare suffers another huge blow as the worst-case scenario looms in one state
(DBN)

Average Health Insurance Premiums Doubled Under O.Care
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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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Proofs of Claim:

Supreme Court Rejects FDCPA Claim Based on Filing Time-Barred Bankruptcy Claim
(DBN)

Balancing Act: Supreme Court Rules That Filing a Proof of Claim for Stale Debt Does Not Violate the Fair Debt Collection Practices Act
(DBN)

Supreme Court Rules Creditors May Pursue Claims for Stale Debt in Bankruptcy
(DBN)

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Miscellaneous:

Bankruptcy Bulletin - Jan - March 2017
(DBN)

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Ch. 13:

Creditor Alert: Bankruptcy Judge Holds That Claim Filing Deadline Applies to Secured Creditors in Chapter 13 Cases
(DBN)

Marrama Does Not Prevent Court from Converting Case to Chapter 13 Before Considering Merits of Bank’s Allegations of Bad Faith
(DBN)

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Structured Dismissal:

Re-"Structuring" Dismissal Flexibility
(DBN)

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Education:

ITT bankruptcy liquidator sues Microsoft in bid to preserve email
(DBN)

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Nuclear:

Westinghouse Gets Buyer Interest, Sees Talks Starting in Summer
(DBN)

The Upcoming Role of CFIUS in the Westinghouse Bankruptcy
(DBN)

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Corporate Reform:

DC Circ digs deep on constitutionality of CFPB
(DBN)

California district court upholds constitutionality of CFPB
(DBN)

The Little Guy's Financial Watchdog May Soon Be Defanged
(DBN)

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Travel:

The US government just signaled a major speed bump for the laptop ban
(DBN)

______________

Sports Facilities:

Delaware Sports Complex filed for bankruptcy
(DBN)

______________

UK:

Unfinished Business: Insolvency Rules 2016 and changes still to come
(DBN)

Manchester bomber's family arrested as police investigate his terror 'network' May to confront Trump on Manchester attack leaks as UK authorities start withholding info from the US 8 arrested in Manchester attack as a 'significant' connection emerges between bomber and ISIS recruiter Theresa May was warned by Manchester police officer that cuts risked terror attack in the city
(DBN)

Fewer people in Scotland experiencing severe financial problems
(DBN)

Senior management of defunct firm Cobbetts set to face tribunal over alleged incompetence
(DBN)

______________

Canada:

What To Do If You Bought a Pemberton Ticket Pemberton Music Festival bankruptcy documents list $16.7 million owed to creditors
(DBN)

Canada's Airport Sales Must Go Through Bondholders First
(DBN)

______________

Brazil:

There's one thing that can stop the deepest recession in Brazil's history
(DBN)

______________

India:

ICC calls for caution on stressed steel asset sale
(DBN)

GM to exit India, leaving dealers bankrupt and thousands jobless General Motors may not be the only one to drive out of India
(DBN)

______________

China:

In Downgraded China, Echoes of Japan's Boom and Bust
(DBN)

China's Downgrade Could Lead to a Mountain of Debt
(DBN)

4 Reasons Why Moody's Is Wrong About China
(DBN)

______________

Malaysia:

Bankruptcy (Amendment) Bill 2016 To Bring Reforms To Insolvency Laws
(DBN)

______________

Turkey:

Turkey seized 879 companies since failed coup, worth 40.3 bln lira -state fund
(DBN)

______________

South Korea:

S Korea's zombie companies threaten 'economic powder keg'
(DBN)

______________

Japan:

Toshiba names 4 bidders for chip unit in talks with creditors
(DBN)

______________

Australia:

Bankruptcy and Debtor Rehabilitation: An Australian Empirical Study
(DBN)

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