May 4, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Proskauer Among Many Firms Drawn to Puerto Rico's Pseudo-Bankruptcy
(DBN)

Dechert Partnership Worth $1.8M for DOJ 'President's Law Firm' Nominee
(DBN)

Dewey retrial jury asks to review email evidence on 2nd day of deliberations
(DBN)

Leading Insolvency Attorneys Join Husch Blackwell’s Dallas Office
(DBN)

ABA president testifies to Congress in support of Legal Services Corp. funding
(DBN)

The Best Biglaw Firm For Paternity Leave
(DBN)

With Change Afoot At Law Firms, Lawyers Need To Market Themselves
(DBN)

What's the most recognized law firm brand in the UK?
(DBN)

Five Big Texas Firms Among Nation's Highest-Grossing
(DBN)

2017 Annual Report on Firm Finance
(DBN)

US Judge Sanctions Milberg for Actions in Qui Tam Case
(DBN)

Curmudgeon v. Special Snowflake: Where One Person’s Constructive Criticism Is Another’s Rude And Unprofessional Rant
(DBN)

Harvard Law Will Save Undergrads a Spot - Terms and Conditions Apply Harvard Law to open deferral program to other colleges and universities nationwide
(DBN)

If We Close Some Law Schools, Legal Education Will Be Saved! Wrong.
(DBN)

Readers Speak Out On The Closing Of Whittier Law School
(DBN)

Hogan Lovell's Katyal on Gorsuch, Diversity and the President's 'Corrosive' Influence
(DBN)

 

Atty facing OT suit says he is registered owner of firm because partner's mom didn't trust him with it
(DBN)

Federal judge grants new trial because of dozing lawyer
(DBN)

3 Ways Wearable Tech Is Impacting Lawyers
(DBN)

Warning: There's a new scam being emailed around, and it looks exactly like a Google Doc link
(DBN)

Is It Wrong for Lawyers to Smoke Pot?
(DBN)

Law school leader among four deans dismissed from Florida A&M
(DBN)

I’m a senior law firm lawyer and want to move in house. How do I convince employers that my experience is relevant and I’m not too old?
(DBN)

5 new clothing and handbag brands every professional woman should know
(DBN)

Headhunter backtracks on sexist column after BigLaw recruiters’ outcry
(DBN)

Is laughter prosecution against Sessions protester a dangerous precedent? Code Pink Protesters at Sessions Hearing Could Face Year in Prison People Are Horrified Woman Who Laughed During Sessions' Hearing Could Go to Prison
(DBN)

Judge rips South Florida football coach Charlie Strong for behavior of players
(DBN)

Texas faith leaders don't want state legislators pushing anti-LGBT laws in their name
(DBN)

If you’re struggling, reach out to someone. Allow yourself to be vulnerable and be helped.
(DBN)

A Surrogate Can Make $500,000?! Sounds Too Good To Be True
(DBN)

Real Life 'Breaking Bad': Fmr New Mexico Science Teacher Convicted for Making Meth
(DBN)

A record number of Americans are serving life in prison
(DBN)

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Judges:

Trump Gladly Takes Credit For Every 5-4 SCOTUS Split For The Next Four Decades
(DBN)

9th Circuit judges talk Justice Scalia after stage performance of ‘The Originalist’
(DBN)

Women behind the bar (and the bench): Ginsburg presides over re-enactment of Goesaert v. Cleary
(DBN)

Gorsuch shows an independent streak to begin life at Supreme Court
(DBN)

Court revives ex-judge's wrongful termination suit
(DBN)

NYPD turns probe of judge's mysterious death over to medical examiner
(DBN)

Judge Rips Disingenuous Rudy Giuliani
(DBN)

Judge Rakoff: ‘Fierce’ Competition Has Changed Law Firms For The Worse
(DBN)

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Wall Street:

Futures point to higher open on Wall Street ahead of earnings and data
(DBN)

Stocks close mostly lower
(DBN)

5 signs a consumer slowdown may kill this stock-market rally
(DBN)

Stock market shorts are getting their faces ripped off
(DBN)

Jobs report could trigger day of reckoning for markets
(DBN)

The real reason the ‘fear index’ is at 10-year lows
(DBN)

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Layoffs:

Big Summer Shutdowns Loom for U.S. Auto Plants as Sales Sputte
(DBN)

Bosses believe your work skills will soon be useless
(DBN)

The Parts of America Most Susceptible to Automation
(DBN)

Etsy is laying off 8 percent of its staff
(DBN)

Layoffs at KentuckyOne Health hit doctors
(DBN)

Mississippi Department of Mental Health to lay off 650 employees
(DBN)

New Kellogg's layoffs total 278
(DBN)

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Healthcare:

House to vote on health-care bill Thursday The Republican healthcare bill still has a massive problem The GOP’s Bizarre Gamble on Health Care Reform AMA on TrumpCare: Will Do Serious Harm Health Care Lobbies Line Up Against Trump
(DBN)

Here's why pre-existing conditions are such a sticking point in the health care debate Zombie Trumpcare May Undergo Another Last-Minute Mutation Trump meeting with Reps. Upton and Long swings them from 'no' to 'yes' on GOP Obamacare replacement bill The Trump administration is leveraging a new tool to try to keep states from embracing Obamacare An $8 Billion Shot in the Arm for the GOP Health-Care Bill? The Republican Waterloo Republicans are throwing 'every sink in every kitchen they can find' to save their plan to repeal and replace Obamacare Ouster Of Molina Family May Be Bad For Insurer's 1M Obamacare Patients Iowa’s last major Obamacare insurer just threatened to pull out
(DBN)

Obamacare just suffered 2 big blows from insurance companies as repeal looms
(DBN)

Hospital-Merger Suit Gathers Speed in Calif.
(DBN)

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Festivals:

Fyre Festival Was Awful, But It Had Nothing on Woodstock: A Brief History of Music Festivals Gone Wrong
(DBN)

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Politics:

Trump Attacks His Own FBI Director to Hit Back at Clinton Alex Jones: Infowars has been granted a “weekly” White House press pass, “regular” press credentials are “pending” Trump should stop tweeting so much — these 'interjections are harmful,' says powerful GOP Sen. Corker Trump Describes Zero Dollars in Border Wall Funding as "Down Payment" on Border Wall Trump is angry that people think he got 'taken to the cleaners' by Democrats in the shutdown deal Op-Ed: It’s time to seriously consider that Trump is unfit to be president Trump: How Hard Can Middle East Peace Be? George Will: Trump's Dangerous Disability
(DBN)

Former GOP House intel chairman: Russian election hacking was ‘wildly successful’
(DBN)

Democrats, Not Trump, Are Driving Policy
(DBN)

Warren blasts Trump for replacing top banking regulator
(DBN)

FBI's Comey: It makes me 'mildly nauseous' to think I may have affected election FBI's Comey on pre-election announcement: My choice was to speak or conceal Comey says Clinton’s classified emails were forwarded to Anthony Weiner, defends probe revelation Huma Abedin Apparently Forwarded Classified Emails to Anthony Weiner So He Could Print Them for Hillary Comey explained why he sent the letter about the Clinton email investigation but didn't disclose the probe into Trump The Russians Will Be Back to Meddle in Elections, Comey Tells Senators James Comey: Loretta Lynch's tarmac meeting with Bill Clinton was the turning point in the email investigation
(DBN)

Public Trust in Government Remains Near Historic Lows
(DBN)

House Oversight chair suggests Congress could go after Obama's pension over $400,000 speech
(DBN)

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Art:

Artist: ‘Heartbreaking’ to see bankruptcy auction of his NASCAR paintings, memorabilia
(DBN)

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Celebs:

David Cassidy’s Dementia Nightmare: Addled Singer Beset By Creditors Forced To Retire!
(DBN)

Teresa Continuing To Work Toward Closing Bankruptcy
(DBN)

Ex-NBA player who made $60 million explains what really happens to your money when you sign an 8-figure contract
(DBN)

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Economy:

ISM Non-Manufacturing Index increased to 57.5% in April US services sector growth picks up pace in April, ISM report shows A big part of the U.S. economy brightened in April, ISM services gauge finds
(DBN)

The Fed may have a hard time overlooking the economy's recent flop
(DBN)

FOMC unanimously votes against raising interest rates FOMC Statement: No Change to Policy, Q1 Weakness "likely to be transitory" Fed leaves key interest rate unchanged amid lackluster economic growth The Fed looks shaky on its most important reason for raising interest rates
(DBN)

Fed to markets: June rate hike coming your way
(DBN)

The Fed should make you wary of sovereign debt
(DBN)

Fed rate hike could move quicker than expected, says Credit Suisse
(DBN)

GOP to Fast Track $500Bn in Budget Cuts
(DBN)

Consumer demand fears knock global stocks, dollar up before Fed decision
(DBN)

Here's how many millennials live with their parents in each US state
(DBN)

4 charts shed light on the Fed’s mysterious $4.5 trillion portfolio
(DBN)

Experts agree: Chances of recession are rising
(DBN)

ADP private payrolls increase more than expected Private sector job creation cooled in April following March's big jump
(DBN)

Self-driving cars will disrupt more than the auto industry. Here are the winners and losers
(DBN)

Charted: Trump’s “America First” budget looks nothing like what the government will do in 2017
(DBN)

Trump proposal to lower pass-through tax rate could cost $2 trillion, Goldman finds Nearly Half of Voters Think Congress Should Run With Trump’s Tax Outline
(DBN)

Despite Trump’s ‘Hire American’ pledge, budget bill would dramatically expand the number of foreign workers
(DBN)

Photo taken with Bannon shows goal of 10% repatriation tax
(DBN)

Trade Is the Scapegoat for Political Failure
(DBN)

Trump's Repatriation Deal Makes No Sense for Apple
(DBN)

Why People Care About the Estate Tax
(DBN)

FBI Director James Comey tore down the rationale behind Trump's travel ban
(DBN)

Spicer Blows Up When Reporter Points Out the Trump Wall is Really a Fence
(DBN)

Who Really Ends Up Paying for Gig Economy?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Avoiding Mortgages (Again): Consider Carefully the Form of Execution / Acknowledgment When Using a Power Of Attorney
(DBN)

Two South Florida Firms Face Allegations of Wrongdoing in Bankruptcy of Property Owners' Group
(DBN)

Just one-third of U.S. homes are back to their values before the recession Home prices will not fully recover until 2025, and a new report explains why
(DBN)

Seriously delinquent mortgages drop by 1.2 million homes annually
(DBN)

Traders are loading up on bets against the world's 'most levered real estate developer'
(DBN)

Ocwen posts first quarter net loss
(DBN)

How Big is the Gap Between Renting and Buying a House in Your State?
(DBN)

Credit Suisse pays $400 mln over toxic mortgages, failed U.S. credit unions
(DBN)

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Municipalities:

The Bondholders Claim Theirs
(DBN)

Puerto Rico requests bankruptcy protection for public debt Puerto Rico to Declare Bankruptcy , Kind of Puerto Rico is requesting bankruptcy protection, setting up a showdown with Wall Street Puerto Rico Declares Quasi-Bankruptcy A Territory in Uncharted Territory, the Commonwealth of Puerto Rico Files for Bankruptcy Protection Puerto Rico files for bankruptcy protection under special law Puerto Rico Declares a Form of Bankruptcy Puerto Rico requests bankruptcy-like restructuring of $70 billion in debt Puerto Rico declares bankruptcy. Here's how it will unfold Puerto Rico filed what could be the mother of all municipal bond bankruptcies The government does not rule out filing for bankruptcy under Title III 8 Things You Should Know About Puerto Rico's Bankruptcy Filing Puerto Rico Governor Says U.S. Board to File for Bankruptcy Governor Rossello Asks for Protection Under PROMESA's Title III Bankruptcy Puerto Rico Skids Into Bankruptcy After Years of Economic Distress Puerto Rico Files For Bankruptcy Protection In Largest Ever US Municipal Debt Restructuring Puerto Rico Governor Seeks Title III Bankruptcy for Public Debt A look at the latest twist in Puerto Rico's debt saga Puerto Rico files for record US debt restructuring Puerto Rico files for biggest US municipal bankruptcy Bloomberg’s Kaske on Puerto Rico Filing Bankruptcy Case in US Ravaged by Vulture Funds, Puerto Rico Files for Biggest-Ever US Bankruptcy Puerto Rico Files for Bankruptcy Governor says Puerto Rico is headed to US Bankruptcy Court Puerto Rico files for bankruptcy-like case to cut massive debt Puerto Rico starts $70 billion bankruptcy proceeding, biggest ever for municipal bond market Puerto Rico Grabs a Big Hammer, Last Tool in Its Box Title 3 Petition
(DBN)

Puerto Rico bonds trade higher in wake of petition filing Bond Insurers Hold Up Against Puerto Rico Bankruptcy Exposure Puerto Rico Bond Prices May Show Which Issues Will Be Hardest Hit
(DBN)

Puerto Rico Just Declared Bankruptcy, so Why Aren’t These ETFs Moving?
(DBN)

Bond Insurer Stocks Hit in Puerto Rico Proceedings
(DBN)

Puerto Rico vs Detroit: What's different?
(DBN)

Puerto Rico faces uncertain future as debt saga unfolds
(DBN)

Who Are Most Exposed to Puerto Rico's Bankruptcy ?
(DBN)

The Oversight Board relationship: “The beginning of a beautiful friendship”
(DBN)

Rossello handed over the country's budget to the Oversight Board
(DBN)

Atlantic City: Candidates for mayor and City Council debate bankruptcy
(DBN)

28 Months After Bankruptcy, Detroit Misses Fiscal Report Deadline A Second Time
(DBN)

Former Flint mayor predicts another emergency manager if Weaver is recalled
(DBN)

Thousands of Flint residents could lose their homes over unpaid water bills
(DBN)

AL: Walker County Commission Chairman: Bankruptcy a possibility if sales tax doesn't pass
(DBN)

?Dallas pension fix takes another step forward in Texas House
(DBN)

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Oil/Gas:

Oil Forecast to Fall Sharply if OPEC Doesn't Extend Production Cuts
(DBN)

Crude oil inventories fall again
(DBN)

Kuwait Sees $80 Oil By 2020
(DBN)

Weds: Oil dips on small U.S. crude stock drop, weak gasoline demand
(DBN)

Bankrupt Ocean Rig Up 40%
(DBN)

Shell profits more than double in first quarter as oil prices rise Shell profits soar as oil sector makes a comeback
(DBN)

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Electricity:

FirstEnergy pins hopes on Ohio nuclear support, federal baseload review
(DBN)

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Corporate Reform:

White House set to name top regulator to kickstart rollback of Obama-era bank rules
(DBN)

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Education:

Corinthian Colleges Preference Actions Filed in Delaware Bankruptcy Court
(DBN)

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Banking:

Trump begins to put in place team to oversee banks
(DBN)

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Aviation:

Etihad Faces Tough Call on Air Berlin After Alitalia Bankruptcy
(DBN)

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Taxis:

Taxi owners sue, seeking return to pre-Uber riches: Holders of medallions once worth seven figures now say they cannot pay their bills
(DBN)

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Autos:

It’s Time to Get Worried About the Auto Industry
(DBN)

Tesla's Losses Widen
(DBN)

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Tech:

A former key Apple partner is selling big chunks of its business as its fight with the iPhone maker gets worse
(DBN)

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Retailing:

Target's 'colossal flop' in Canada has turned into a sinister omen for American retailers
(DBN)

S&P Global downgrades Guitar Center ratings deeper into junk
(DBN)

A $59 billion investor just issued a dire warning about the retail apocalypse
(DBN)

Traditional Retailers Face Debt Burdens and Changing Consumer Preferences
(DBN)

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Solar:

The SEC is reportedly investigating Tesla's solar business
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (133 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:

Obamacare helped make a 50% dent in personal bankruptcies
(DBN)

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Consumer Debt:

Project Designed to Help Debtors Fight Back in Court
(DBN)

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Bankruptcy Strategy:

Don’t Fear the Reaper: Hiring Bankruptcy Counsel Won’t Be Held Against You
(DBN)

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Jurisdiction:

District Court Remands Appeal for Failure to Consider Constitutional Adjudicatory Authority Under Stern to Approve Nonconsensual Third-Party Releases
(DBN)

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Professional Compensation:

Delaware Bankruptcy Court Approves Indenture Trustee Fees in Face of Fee Objection by Certain Noteholders
(DBN)

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Side Agreements:

Bankruptcy on the Side
(DBN)

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Settlements:

The Jevic Fallout: Settlement DENIED
(DBN)

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TBTF:

Trump's Threats to Break Up Banks Aren't Scaring Wall Street Yet
(DBN)

BofA’s Moynihan Says Breaking Up Banks Would Hurt U.S. Interests
(DBN)

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Litigation:

Litigation finance 101: Best practices for commercial litigation and arbitration
(DBN)

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Defaults:

High-Yield Defaults Are Down, But For How Long?
(DBN)

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Non-Profits:

The boards of America’s most powerful foundations are dominated by wealthy, white men
(DBN)

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Student Debt:

Trump administration welcomes back student debt collectors fired by Obama
(DBN)

About 5500 Ohio Students May Cancel Loans For Defunct Chain
(DBN)

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Pharma:

One chart perfectly sums up why people are outraged about prescription prices
(DBN)

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Food/Beverage:

Creditors Forcing Central Grocers Into Bankruptcy Strack & Van Til parent company faces involuntary bankruptcy
(DBN)

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Entrepreneurship:

WWE billionaire founder: What bankruptcy taught me about success
(DBN)

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Finance:

Will LendingClub Corp End in a Bankruptcy or Buyout?
(DBN)

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Climate:

Climate Change Is Causing More Sweltering Summer Days
(DBN)

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Toys:

Pennsylvania Toy Seller Files For Bankruptcy
(DBN)

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Distressed Investing:

Lynn Tilton's expert valuations ruled hearsay in Zohar trial
(DBN)

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Nuclear:

Southern Seeks $3.7 Billion From Toshiba for Georgia Nuclear Plant
(DBN)

Westinghouse , CB&I spar in court over $2 billion merger dispute
(DBN)

Southern Co needs Toshiba cash to finish nuclear plant
(DBN)

Toshiba's startling spiral downwards continues
(DBN)

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Mass Torts:

San Francisco firm gets $1.1 million sanction for asbestos discovery deceit
(DBN)

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Radio:

Restructuring predicted for corporate radio firm
(DBN)

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Awards:

Chambers 2017: Restructuring/Insolvency — Global-Wide
(DBN)

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Travel:

United Gets a Slap on the Wrist From Congress - What Does It Really Mean? Airlines abuse passengers, and Washington weighs a crackdown — on passengers
(DBN)

A flight attendant shares the reasons you can get bumped from a flight and the best ways to avoid it
(DBN)

Remember that airline worker who almost hit a baby? Here's what really happened.
(DBN)

U.S. Airlines Have Basically Given Up On Trying To Make Us Comfortable
(DBN)

LAX: Private Terminal for Rich and Famous
(DBN)

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UK:

Brexit Means U.K. Lawyers and Bankers May Not Be at Your Service
(DBN)

KWM kitty: Ex-partners encouraged to donate up to £2,500 each to help staff affected by firm’s collapse
(DBN)

Brexit talks will not be quick or painless, says EU's chief negotiator Almost half of Brits admit they don't understand what Brexit is going to do to the economy EU's chief negotiator dismisses 100 billion euro Brexit demand The Brexit Talks Have Gotten Off to Their Worst Possible Start Theresa May's bizarre EU election conspiracy theory has made an extreme Brexit more likely
(DBN)

Even members of Britain’s highest-paid 1% don’t feel particularly well-off
(DBN)

Court has jurisdiction to defy the will of creditors but burden of proof on liquidator
(DBN)

Next, once the king of the High Street, is in trouble
(DBN)

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EU:

Euro zone economy outperforms US with robust start to year Europe's economy is doing even better than we thought
(DBN)

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PIIGS:

Greece Has A Newest Last Bailout Deal
(DBN)

Flag carrier Alitalia to go on sale in two weeks
(DBN)

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Canada:

Toronto homeowners are scrambling to cash out
(DBN)

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Brazil:

Sawiris tells Brazil's Oi: deadline for bankruptcy rescue is 1 June
(DBN)

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Venezuela:

Chaos Looms Over Venezuela
(DBN)

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Vietnam:

Loss-making SoEs could go bankrupt
(DBN)

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Australia:

Personal insolvencies surge 11 per cent in March quarter
(DBN)

Refining the Insolvency Law Reform Act
(DBN)

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