November 15, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law firms increase billing rates
(DBN)

Gordon Rees Partner Leaves Management After Hannity Appearance Biglaw Partner Gets Thrown Under The Bus By Her Firm
(DBN)

GCs say they're going to throw more cash at outside counsel next year
(DBN)

Are US Firms Winning in London? Separating Fact From Fiction
(DBN)

Law Firm Creates Internal ‘Skunkworks’ to Develop Tech
(DBN)

Cullen and Dykman Welcomes New Bankruptcy and Creditors' Rights Partner Michael H. Traison
(DBN)

Texas Businessman Sues Houston Lawyer, Firms, Alleging They Mishandled Malpractice Lawsuit Arising From Bankruptcy
(DBN)

Will Florida State's Alcohol Ban Cause Law School's Ranking To Fall?
(DBN)

Chicago attorney says her firm illegally fired her while she was pregnant
(DBN)

Dallas Prosecutor Fired After Alleged Rant Against Uber Driver Texas prosecutor is fired after an Uber driver claims she slapped and berated him Prosecutor Fired After Accusing Uber Driving Of Kidnapping
(DBN)

‘Wolf Of Wall Street’ Prosecutor Finds A Home In Biglaw
(DBN)

ABA removes accreditation censure for Valparaiso University School of Law
(DBN)

Get Business Without Getting Disbarred
(DBN)

How to Line Up the Best References Before a Job Search.
(DBN)

What law schools and babies have in common
(DBN)

Jeff Sessions: I have 'always told the truth' on Russia contacts Sessions: Can't Remember, Can't Remember Irritated Jeff Sessions lashes out after Rep. Ted Lieu accuses him of lying about Russia contacts Sessions: I 'now recall' proposed Trump-Putin meeting after reading news reports Sessions Says He Forgot About Russia Meeting But Didn’t Lie Sessions won't comment on presidential pardons Sessions: It "would be wrong" to use Justice Department against political opponents Sessions vows quick decision on possible Clinton prosecutor Sessions: No Basis for Clinton Special Counsel
(DBN)

Legal Expert: Trump Jr.’s Correspondence with WikiLeaks Is Probably Not Illegal
(DBN)

Justice Nominee Used to be a Ghost Hunter
(DBN)

Wisconsin considers law school loan repayment for lawyers willing to represent rural clients
(DBN)

Should Ex-Convicts Be Lawyers?
(DBN)

The best iPhone 8 and 8 Plus cases for every type of person
(DBN)

The FBI is examining why Russia transferred nearly $400,000 'to finance' the 'election campaign of 2016' FBI investigating why Russia sent $30K to its U.S. embassy Found: 60 Russian Payments for Elections
(DBN)

Seriously, Guys, It's Not That Confusing At least two members of Congress are harassers, committee hears Congresswomen say they know of harassment by sitting lawmakers Capitol Hill Women Have a "Creep List" The unwritten rules to avoid harassment on Capitol Hill Joe Biden Apologizes To Anita Hill NBC Exec Fired for Inappropriate Conduct 'With More Than One Woman' What To Do If You’re A Witness Of Harassment At Work
(DBN)

Former Biglaw Partner Pleads Guilty To Insider Trading Conspiracy
(DBN)

An Entire Generation Of Women Went To Law School Because Of Elle Woods
(DBN)

People for sale - Humans Auctioned For $400
(DBN)

5 Dead in California Shooting Spree At least 5 dead, children wounded in Northern California shootings Five Dead After Gunman Shoots Up Home And A School
(DBN)

FBI may have missed its best chance to unlock Texas shooter's phone
(DBN)

Rand Paul Talks Assault: 'No Justification'
(DBN)

Ex-Pro Football Player Charged in Wife's Murder, Allegedly Fed Cops False Story About Attackers
(DBN)

FBI: Hate crimes rose nearly 5 percent in 2016
(DBN)

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Judges:

F.B.I. Investigating Judge Who Dropped Devastating Diss-Sentence On Meek Mill
(DBN)

Trump is dangerously cutting corners in his quest to remake the Judiciary
(DBN)

Judge Reprimanded After Telling Jurors She 'Did Not Believe The Victim Was Raped At All'
(DBN)

Trump's Big Success? Putting Insiders on the Federal Courts
(DBN)

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Wall Street:

Dow futures tumble more than 100 points as mood for risk sours Futures point to a sharply lower open on Wall Street, as market jitters overseas weigh on sentiment
(DBN)

Stocks close lower as GE drops to lowest level since 2011 Dow ends lower for 3rd of 4 sessions, as downturn in oil weighs on stock market
(DBN)

A bond market crash is a growing worry for investors
(DBN)

Robert Shiller is 'concerned' as market optimism hits lowest level in over 16 years
(DBN)

Charts are giving off warning signs of an even bigger drop ahead for Goldman Sachs
(DBN)

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Layoffs:

Goldman: Automated Trucks to Cost 300K Jobs
(DBN)

Final Wages for Island Air Employees Uncertain
(DBN)

Camas paper mill to eliminate 280-300 jobs
(DBN)

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Artifacts:

Rosa Parks lawyer dodges jail amid bankruptcy treasure hunt Bankruptcy Lawyer Wants Rosa Parks' Attorney Jailed Rosa Parks' lawyer accused of secretly hoarding memorabilia
(DBN)

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Religion:

Insurer settles diocese's abuse-related coverage dispute for $9 million
(DBN)

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Retailing:

Plus-size retailer goes bankrupt after expanding too fast
(DBN)

Fashion to Figure files for bankruptcy
(DBN)

Walmart is leveraging its greatest advantage over Amazon
(DBN)

Forever 21 says that customers' credit-card info may have been stolen
(DBN)

The retail apocalypse is killing jobs, and it's left 'the economy vulnerable to an adverse shock'
(DBN)

Home Depot is the big winner as Sears marches toward obsolescence Home Depot is retail's bright spot as it courts younger shoppers who prefer DIY Home Depot’s Double-Edged Sword
(DBN)

Amazon to be first $1 trillion firm, says Morgan Stanley
(DBN)

20 things you never see in malls anymore
(DBN)

Payless warns "additional steps" needed as it emerges from bankruptcy
(DBN)

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Politics:

Alabama's Largest Newspaper: Roy Moore 'Grossly unfit for office' Alabama Voters Have Enough Evidence to Judge Roy Moore Law Professors Shoot Down One Idea for Replacing Roy Moore GOP calls grow louder for Alabama Senate candidate Moore to step aside Roy Moore followed Trump to China McConnell has spoken to Trump and Pence about Moore allegations Cook Report: Alabama race now a "Toss Up" Sessions: "I have no reason to doubt" Roy Moore's accusers Alabama lawmaker literally runs down stairs to avoid questions about Roy Moore scandal RNC pulling support from Roy Moore Mitch McConnell publicly floats Jeff Sessions as write-in alternative to Roy Moore McConnell Considers Replacing Moore, Who Says #DitchMitch Desperate GOP Looks to Write-In Candidate to Beat Moore Sean Hannity gives Roy Moore an ultimatum: Explain yourself or get out of the Alabama Senate race Moore claims 'spiritual battle' in US politics McConnell: If Moore wins, he'll "immediately" face Ethics Committee Roy Moore is making Democrats re-examine Bill Clinton AL: GOP Threatens Moore Defectors Republicans Seek to Derail Roy Moore and Salvage Senate Seat Without a new candidate, the GOP would be better off losing the Senate seat
(DBN)

It’s not just Keurig. These big brands are pulling ads from Hannity after Moore coverage Keurig says it regrets taking sides, but does not reinstate advertising on Hannity
(DBN)

The Republicans giving Trump properties the most money
(DBN)

How Trump’s Rust Belt Voters Have Changed Since the Election
(DBN)

Trump returns from Asia to a White House and party in crisis Trump the TV critic is back: bashes CNN, promotes Fox
(DBN)

Clinton Uranium 'Scandal' Doesn't Have Much Fuel
(DBN)

The Democrats' old-people problem
(DBN)

Papa John's flips the bird to neo-Nazis in fiery statement on Twitter Papa John’s apologizes for blaming NFL player protests for its poor sales
(DBN)

The woman who flipped off Donald Trump is getting a huge payday because of it
(DBN)

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Autos:

People have stopped paying their car loans, and it's a risk to a $200 billion market Auto lending is vigorous even as high-risk delinquencies build
(DBN)

Moody's negative outlook for auto industry: 'We might be approaching an inflection point'
(DBN)

Tesla factory workers have filed a lawsuit claiming widespread racism, unsafe conditions Chanos says Tesla 'ticks all the boxes' for being the perfect stock to bet against
(DBN)

Air bag claimants say carmakers shielded in Takata U.S. unit's bankruptcy
(DBN)

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Travel:

The 22 best apps for business travelers
(DBN)

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Banking:

Why Sales Quotas Ruined Wells Fargo
(DBN)

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Economy:

Household debt rises by $116 billion as credit-card delinquencies pile up NY Fed Q3 Report: "Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising"
(DBN)

Gallup: U.S. Economic Confidence Index Unchanged at +7
(DBN)

Yellen says market expects too much certainty in Fed guidance
(DBN)

Fed should convince markets it would tolerate inflation at 2.5%, Evans says
(DBN)

A Better Way for the Federal Reserve to Steer the Economy
(DBN)

White House considering nomination of Mohamed El-Erian for Federal Reserve vice chairman
(DBN)

Top central bankers vow to talk investors out of easy money
(DBN)

Services boost US producer prices, while underlying inflation is firming
(DBN)

Study: Millennials Worse Off Than Parents
(DBN)

Bloated company balance sheets signal trouble for stock market’s record run
(DBN)

6.3 million Americans are 90 days late on their auto loan payments
(DBN)

UBS: Next Crash and Negative Interest Rates
(DBN)

NFIB: Small Business Optimism Index "inches up" in October
(DBN)

Preliminary November Consumer Sentiment Declined Slightly
(DBN)

What You Need to Know About the Byrd Rule Updated Senate tax bill ends individual tax cuts in 2026, keeps lower corporate rate Senate GOP injects Obamacare repeal into tax fight Here’s what happens if Obamacare mandate is repealed, as Senate is considering Obamacare Noses Into the Tax Debate, Bringing Along Its Baggage Gary Cohn had an awkward moment when CEOs appeared to shoot down one of the biggest arguments for the GOP tax plan House GOP moving full speed to get tax reform done by year-end House GOP Has Votes to Pass Bill, Brady Says Why Washington’s tax plans for executive compensation are misguided Everything to Know About Trump Tax Plan for the Rich There’s Still No Evidence That Tax Cuts Pay for Themselves Required reading to understand the tax policy fight Tax Plan: $200-500,000 May be Biggest Losers The Republican tax bill could force billions of dollars in cuts to programs like Medicare Tax Bill Could Cut $25Bn from Medicare Why the GOP tax plans won’t solve the biggest economic problem Politics Isn't the Only Barrier to Real Tax Reform
(DBN)

LA area Port Traffic: Imports increased YoY, Exports decreased YoY in October
(DBN)

The 1% now own a staggering amount of the world's wealth — and it's proof inequality is worsening
(DBN)

Bill Gates says technology could 'accentuate' the gap between the rich and poor
(DBN)

Trump is spurring an unprecedented change for American companies
(DBN)

The World is Moving On Without Us
(DBN)

Older Americans want to work — so why aren’t they in jobs?
(DBN)

Free Markets Improved More Lives Than Anything Ever
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home Depot Says Slashing Tax Deductions Won't Hurt Housing Boom
(DBN)

Foreclosure inventory falls to lowest level since housing boom
(DBN)

Here’s what today’s first-time homebuyer looks like
(DBN)

Lawsuit says that Kushner properties in Brooklyn charged illegally inflated rent
(DBN)

Condo slowdown? Worrying price signal at New York’s trophy tower
(DBN)

One57 Foreclosure Shatters Price Dreams at Billionaires' Tower
(DBN)

Are Malls Too Cheap to Ignore?
(DBN)

Leading NY Irish construction firm goes bankrupt after $76 million fine
(DBN)

House Passes Flood Insurance Renewal
(DBN)

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Municipalities:

Trump-the-Builder's Puerto Rico Challenge
(DBN)

Republican overseeing Puerto Rico finances bashes the island in bizarre racist slam After Hurricane Maria, Key Republican Compares Puerto Rico to “the Alcoholic Who Hits Rock Bottom”
(DBN)

As Power Grid Sputters in Puerto Rico , Business Does Too
(DBN)

Solar “microgrids” like Tesla's aren't a fix for Puerto Rico
(DBN)

Why Puerto Rico is getting the brunt of 'donor fatigue'
(DBN)

Rep. Rob Bishop says Puerto Rico's 'credibility gap' challenges $94 billion request for aid
(DBN)

Puerto Rico utility ignored advice on repair deal Head of Puerto Rico utility says Whitefish contract was best offer but he has regrets
(DBN)

Broke And Desperate, Part 1: Chicago Pawns A Crown Jewel
(DBN)

Washington lawyers charged city $361,000 to defend former Flint EM
(DBN)

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Oil/Gas:

U.S. judge postpones decision on Breitburn plan in unusual move
(DBN)

As Seadrill Foundered, Lawyers, Executives Profited Seadrill: Should We Expect Another Big Move?
(DBN)

GulfMark Offshore Successfully Completes Restructuring Plan and Emerges from Chapter 11
(DBN)

IEA’s Shocking Revelation About U.S. Shale
(DBN)

Oil slides as investors brace for another U.S. supply surprise
(DBN)

IEA says hopes of higher, stable oil prices could be dashed
(DBN)

Oil prices sink on concern about demand and rising US output Oil Prices Nosedive On Bearish IEA Report
(DBN)

Don't write oil's obituary just yet despite rise of electric cars, IEA says
(DBN)

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Books:

OR: Quality Books Files for Bankruptcy
(DBN)

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Aviation:

Hawaii's Island Air to convert bankruptcy case to liquidation
(DBN)

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Food/Beverage:

Winn-Dixie's parent company could be nearing bankruptcy : reports
(DBN)

Millennials lose taste for dining out, get blamed for puzzling restaurant trend
(DBN)

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Mass Transit:

The 'government approval' Elon Musk said he got to build a New York to DC Hyperloop was probably a big misunderstanding
(DBN)

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Mail:

Postal Service: Red ink for 11th year in row as mail slumps
(DBN)

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Finance:

J.G. Wentworth Company Signs RSA, Plans Bankruptcy
(DBN)

Complaints and accusations of abusive collection practices pile up against Rent-A-Center
(DBN)

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Debt Relief:

Freedom Debt Relief: CFPB “fundamentally misunderstands” debt settlement process
(DBN)

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Corporate Reform:

Wall Street Penalties Have Fallen in Trump’s First Year, Study Says
(DBN)

Senate looks to pass sweeping changes to financial regulations
(DBN)

FDIC Chair Warns Bank Rules' Rollback Poses Fiscal Risks
(DBN)

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Debt Collection:

Win for Consumers: Second Circuit Reverses Debt Collection Suit
(DBN)

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Agriculture:

New Chapter 12 bankruptcy law
(DBN)

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Maritime:

Crew pay prioritized by court as Varun faces bankruptcy
(DBN)

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Nuclear:

The moment that helps explain how South Carolina lost its $9 billion nuclear power bet
(DBN)

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Coal:

Insurance companies pull out $20bn investments in coal, says report
(DBN)

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Asset Protection:

The Final Days of a Tax Haven
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Make-Whole:

(Make) Wholly Moly: U.S. Court of Appeals for the Second Circuit Upholds Ruling Denying Noteholders’ Entitlement to a Make-Whole Payment
(DBN)

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Personal Bankruptcy:

'No money down' bankruptcies prevalent among the poor, minorities
(DBN)

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Venue:

Why Companies Like Toys 'R' Us Love to Go Bust in Richmond, Va.
(DBN)

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Litigation:

Amending Complaints 101 by Judge Gross – Physiotherapy Holdings
(DBN)

AI in Discovery: The Future Is Now
(DBN)

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Bankruptcy Rules:

The Bankruptcy Rule Changes are Almost Here – and You Should Care
(DBN)

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2017
(DBN)

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Interest:

A Decision of Interest: U.S. Court of Appeals for the Second Circuit Opines on the Proper Interest Rate Under the Cramdown Provisions of Chapter 11
(DBN)

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Mediation:

An Example of Mediation Success in Hostile and Difficult Circumstances (City of San Bernardino Bankruptcy)
(DBN)

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Healthcare:

Preferred Care-affiliated nursing homes seek bankruptcy after lawsuits
(DBN)

Florida surgery center files for bankruptcy
(DBN)

Insurers, doctors and hospitals oppose repeal of Obamacare individual mandate AMA opposes any weakening or pullback of Obamacare's minimum health benefits Senate GOP to push ACA mandate repeal in tax bill, spurring backlash from medical groups
(DBN)

Health care profits concentrated at drug companies Half of over-65s take five drugs a day
(DBN)

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Education:

A Raw Deal From Betsy DeVos
(DBN)

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Weather:

Science Confirms Hurricane Harvey Was Indeed ‘Biblical’
(DBN)

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Mass Torts:

Peter Angelos, Facing The Loss Of Thousands Of Asbestos Lawsuits, Wants Lawmakers' Help
(DBN)

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Artifacts:

Rosa Parks' Lawyer Ordered To Produce Artifacts In Bankruptcy
(DBN)

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Student Debt:

5 Flaws That Kill Student Loan Collection Lawsuits
(DBN)

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Taxis:

Economics: Uber Driving Will Never Pay Well
(DBN)

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Entertainment:

Weinstein scandal: Cranston says redemption is possible; creditors sue over $44M loan
(DBN)

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Sovereigns:

Sovereign Default and Bank Culture
(DBN)

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UK:

Bracing for the Brexit Cliff
(DBN)

Bankers will get special travel rights in any Brexit deal, David Davis says
(DBN)

Russia used a network of 150,000 Twitter accounts to meddle in Brexit
(DBN)

The Brexit Process: A Hard Exit vs. No Exit at All?
(DBN)

UK faces five years of slow wage growth
(DBN)

UK productivity grows at its fastest rate in over 6 years — and unemployment falls again
(DBN)

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PIIGS:

ie: Insolvency chief to meet banks over drop-off in mortgage write-off deals 'Vindictive' banks use legal loopholes to halt debt deals
(DBN)

Lufthansa offers 250 mln euros to take on most of Alitalia's fleet, half of staff -source
(DBN)

Italy's finance minister: 'We expect debt to decline aggressively'
(DBN)

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Canada:

Redwater SCC Leave Decision
(DBN)

Workers, pensions need better protection under bankruptcy law
(DBN)

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India:

As RCom Defaults on Dollar Bonds, All Eyes on India’s Debt Recovery and Insolvency Process
(DBN)

Any proposal from defaulters considered after absolute scrutiny, says BoB chief PS Jayakumar
(DBN)

Fortifying the insolvency resolution framework
(DBN)

Delhi has highest number of insolvency professionals
(DBN)

Why exclude promoters from insolvency process; implications can be serious
(DBN)

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Germany:

Domestic flights up to four times more expensive after Air Berlin bankruptcy
(DBN)

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France:

Macron faces revolt; 100 party members resign
(DBN)

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Venezuela:

Venezuela Default a Sideshow as Bond Investors Hold Out Hope
(DBN)

Venezuela: bondholders must play the waiting game as D-Day looms
(DBN)

Venezuela: The Long Road Ahead for Bondholders
(DBN)

Venezuela crisis deepens with 'selective default' Venezuela creditors committee again delays default decision Venezuela in 'selective default', minister in Moscow for debt
(DBN)

Venezuela Goes Bust
(DBN)

President Maduro brings Venezuela to brink of bankruptcy
(DBN)

Flirting with default, Venezuela vows debt payment
(DBN)

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Australia:

Navigating Safe Harbour - Where In The World Are We?
(DBN)

Navigating Safe Harbour - The Better Outcome Test: A Better Insolvent Outcome?
(DBN)

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South Africa:

South Africa's Debt Costs Leap on Record 3.3 Billion-Rand Sale
(DBN)

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Croatia:

Sberbank Claims It Is Being Blackmailed by Agrokor
(DBN)

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China:

China Throws Lifeline to Builders Facing Record Wall of Debt
(DBN)

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Hong Kong:

Fighting to survive, Noble Group in talks to ensure liquidity
(DBN)

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