November 7, 2017

The Daily Bankruptcy News

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Law:

LSAT Test-Takers Continue To Surge, With 10.7% Increase In Sept/Oct Following June's 19.8%
(DBN)

This Law School’s Bar Exam Passage Rate Is Dragging Down The Entire State
(DBN)

When Should Law Deans Or Other Academic Administrators Comment On Public Controversies?
(DBN)

Large Law Firm Demand Slows in Q3
(DBN)

Women and Minority Attorneys Make Gains in Big Law Leadership
(DBN)

NYC firms' leadership barely move the needle on gender equality and diversity • White men rule the roost at NY law firms despite slight improvement on diversity
(DBN)

Taylor Swift’s Biglaw Attorney Has A Blank Space Where Constitutional Law Should Be • Taylor Swift Draws ACLU Scorn Over Threat to Sue Blogger
(DBN)

How To Relax The Thinking Mind
(DBN)

OK, We Get Technology Competence, But How Do We Get Technologically Competent?
(DBN)

The immediate risks law firms face from hackers, and the potentially devastating harm a single cyberattack can cause
(DBN)

Three Tips for Addressing Harassment and Discrimination in Law Firms
(DBN)

In-house Counsel: Don't Forget Who Your Client Is (and Is Not)
(DBN)

BakerHostetler Partners' Scary Advice
(DBN)

Email Security at Risk: How to Stop Hackers in Their Tracks
(DBN)

Big Offshore Law Firm in Spotlight as Data Hack Spills Client Secrets
(DBN)

Who Will Sell a Law Firm’s Services?
(DBN)

Did AI Really Beat Big Law Lawyers in a Legal Matchup?
(DBN)

Oral Advocacy: One Weird Trick To Help You Answer Questions
(DBN)

These are the instructions Apple should have included with the iPhone X
(DBN)

The Texas church shooter was 26 — and it shows a disturbing trend about millennial men and mass murder • Texas massacre followed ‘domestic situation’ involving gunman’s family, officials say • The Texas gunman sent his mother-in-law threatening texts before the massacre • TX: Gunman Killed 8 in One Family • Gunman was sentenced to year in military prison for assault on his wife and child • 'Domestic Situation' Eyed as Motive for Texas Shootings • An Air Force error allowed the Texas gunman to buy weapons • Texas Gunman Previously Broke Child's Skull • The military reports almost no domestic abusers to the main background check database for guns • The 11 deadliest mass shootings in modern US history • Sutherland Springs Only Happens to Be in Texas • Fox News Host: Church is the Best Place to Die • Texas shootings ignite fury over ‘thoughts and prayers’ • U.S. mass shooters are almost all men • Texas Attorney General: Churchgoers Should Be Armed With Guns • Texas AG Gives Terrible Advice Following Church Shooting • Mass Shootings in America Are Spreading Like a Disease • Trump says extreme vetting on guns wouldn't stop mass shootings
(DBN)

Vegas Gunman Battled Mental, Legal Issues
(DBN)

Judge considers conditions to release Manafort and Gates • A federal judge is leaning toward lifting Paul Manafort's and Rick Gates' house arrest requirement • How did Russian lawyer Veselnitskaya get into U.S. for Trump Tower meeting? • Judge Sees Indicted Trump Associates as Flight Risks • Why the White House Dreads a Flynn Indictment • Flynn's indictment could seal Mueller's obstruction-of-justice case against Trump • Former Trump advisor testifies that he met Russia's deputy PM last year • Carter Page told Trump campaign of Moscow trip • Trump Bodyguard Schiller Faces Russia Probe Scrutiny
(DBN)

How to Deal With a Co-Worker Who's Rude to You
(DBN)

Harvey Weinstein hired companies staffed by ex-foreign intelligence agents to squash allegations against him • Spooks tracked actresses, reporters • David Boies Implicated in Insane, Ornate Plot to Discredit Weinstein Accusers
(DBN)

Supreme Court allows execution of inmate who can’t remember his crime
(DBN)

Menendez Corruption Trial Goes to Jury
(DBN)

Yes, He Can
(DBN)

Sleep deprivation stops brain firing properly... Changes how see world
(DBN)

Just Because You’re A Murderess Doesn’t Mean You’re A Bad Person — ‘Alias Grace’
(DBN)

Anthony Weiner Imprisoned
(DBN)

Aging - Lawyers Are Either All In the Game or Are Not In Any More
(DBN)

Company Fires Bicyclist Who Flipped Off Trump
(DBN)

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Judges:

Breyer Responds to Trump Calling Justice System 'Laughingstock'
(DBN)

Judge is accused of trying to run a car off the road and brandishing a gun
(DBN)

Sotomayor working on 3 book projects for children
(DBN)

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Wall Street:

U.S. stocks regroup for another bid on all-time highs • Futures point to a higher open on Wall Street
(DBN)

Stocks Close Higher on Merger News, Rising Oil Prices • Stocks close at record highs as dealmaking is back on Wall Street
(DBN)

Goldman Sachs has a new 'Trump trade' that rides surging small-business confidence
(DBN)

Trump boasts: 'The reason our stock market is so successful is because of me'
(DBN)

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Layoffs:

Amgen is shaking up R&D (again), chopping 200 as Genentech targets 130 layoffs
(DBN)

Humana to lay off 1,300 workers
(DBN)

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Media:

Google's Mass-Shooting Misinformation Problem
(DBN)

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MLM:

Dozens of Women Who Sold LuLaRoe Have Filed For Bankruptcy, Call It a 'Pyramid Scheme'
(DBN)

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Politics:

Trump tells Japanese dignitaries he never knew there were ‘so many countries’ until he was elected
(DBN)

Trump commerce secretary Wilbur Ross suggests he’ll offload stake in Russia-linked shipping company • Offshore Havens Show Policy Failures at Home • Paradise Papers: Guide to Revelations • Commerce Secretary Offshores His Ethics • The Case Of Wilbur Ross' Phantom $2 Billion • Wilbur Ross: People Who Question Me are Evil • Wilbur Ross says 'nothing improper' about Russia links • It’s Starting To Feel Like Wilbur Ross Is Not Cut Out For Government Work • Mercer revelation in Paradise Papers • Leaked documents reveal financial habits of the queen and Trump officials • The Trump administration is up to its neck in Russians • What did Trump Jr. ask for at that meeting? The Russian lawyer just spoke out. • Russian lawyer: Trump Jr. dangled Magnitsky Act review • Don Jr. Should Be Sweating as Russian Lawyer Offers to Talk • Trump campaign officials tried to swap access to Trump for favors from Russia at least 3 times • Russian Lawyer: Trump Jr. Offered Me a Deal • Carter Page's testimony is filled with bombshells — and supports key portions of the Steele dossier • Carter Pager's Biggest Bombshells in Congress
(DBN)

Post-ABC poll: Voters favor Democrats over Republicans in 2018 House midterms by widest margin in years
(DBN)

Rand Paul Attack Was Over Trivia Matter
(DBN)

Comey Draft Suggests He Thought Clinton Broke the Law over Emails
(DBN)

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Aviation:

Bankrupt High Point charter airline gets court's approval for another round of funding
(DBN)

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Travel:

Travelers Rebel Against Incredible Shrinking Airline Seat
(DBN)

Angry woman gets flight diverted over 'cheating' husband
(DBN)

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Radio:

iHeartMedia investors watch for signs of bankruptcy in 3Q earnings By David Hendricks
(DBN)

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Celebs:

Johnny Depp Hit With Foreclosure On Homes By Ex-Biz Managers For $5M Loan
(DBN)

Olivia Newton-John's ex-boyfriend 'found in Mexico' after faking his own death 12 years ago
(DBN)

4 Crucial Lessons Terrell Owens Learned After Blowing Through $80 Million Fortune
(DBN)

Oprah Visits Bank For The First Time In 29 Years, Deposits $2 Million For Fun
(DBN)

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Apparel:

Zara Customers Find Notes From Unpaid Employees Inside Clothing
(DBN)

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Economy:

The Trump Fed: New faces, but less experience and so bigger chances for a market disruption
(DBN)

Fed announces Dudley mid-2018 retirement • Fed's Dudley appeals to Congress to 'do no harm'
(DBN)

Fed's top 3 leaders are leaving their posts
(DBN)

Centuries of Data Forewarn of Rapid Reversal From Low Interest Rates
(DBN)

Visualizing Household Income Distribution in the U.S. by State
(DBN)

Here’s Where the GOP Tax Bill Stands Right Now • Here's the problem with the GOP's claim that the middle class will get a tax cut • One-in-six U.S. households would pay higher taxes under GOP plan • A major think tank just retracted its analysis of the GOP tax plan after discovering an error • Tax Policy Centers Retracts Tax Bill Analysis • Don't Mourn The Death Of The Student Loan Interest Deduction. It's A Sham. • Facing pockets of dissent, Republicans begin revising tax bill • Tax Rate Cleanup in Aisle Two • Bill de Blasio on Trump's tax plan: 'It is an attack' on the middle-class • We Read The 429-Page Tax Bill So You Don’t Have To • Republican tax plan would raise taxes on many low income families, slash rates for the richest: Analysis • GOP tax plan overwhelmingly favors the wealthy and might stall in Senate, new analyses show • The GOP tax plan is filled with petty cruelties aimed at the vulnerable and the middle class. Here's a list • House GOP leaders just scored a big win for their giant tax plan • Tax cut-driven economic growth alone won't wipe out the deficit, top House tax writer Brady admits • Top House tax writer Kevin Brady says he's effectively closing the loophole for hedge funds • How tax reform could drive up child-care costs • Brady unveils amendment to GOP tax bill, no changes to health care • House GOP adding (a little bit of) carried interest tax reform • Three (almost) inexplicable parts of the Republican tax plan • Here's what Trump's new tax plan means if you're making $25,000, $75,000, or $175,000 a year •Why the GOP tax plan could lead to a brain drain • The first fireworks in the tax reform hearing came after Republicans brought props to the table • Here’s Where the GOP Tax Bill Stands Right Now • Republican tax hikes target education • Republicans' Bold Tax Moves May Pay Off Later • Economy will be fine even if Trump tax cuts fail, but stocks might falter: Bank of America • White House to meet with Senate Dems on tax reform • Goldman Sachs Says Corporate Tax Rate Cuts May Get Phased In • Multinationals Scurry to Defuse House Tax Bill’s ‘Atomic Bomb’ • Why debt from GOP tax cuts might impose a painful price
(DBN)

Trump era ushered in wave of M&A on hope for deregulation and tax reform
(DBN)

Most Americans believe U.S. at lowest point in history
(DBN)

Homelessness soars on West Coast as cities struggle to cope
(DBN)

Robots could cause the 'next major correction' • Stephen Hawking says A.I. could be 'worst event in the history of our civilization' • Politicians Aren’t Talking About the Biggest Challenge to the Labor Market
(DBN)

Government shutdown looms over divided Congress
(DBN)

How Apple Doesn't Pay Taxes
(DBN)

Head of U.S. government financial agency to resign
(DBN)

Credit Card Market Continues to Grow as Economy is on the Upswing
(DBN)

Why you should be worried about your children’s future, in one unsettling graphic
(DBN)

Humans Are Becoming Less Important in the World's Biggest Market
(DBN)

Trade deficits with China may be 'horrible,' but there are no quick fixes
(DBN)

Trump Shuns China by Calling Asia-Pacific the Indo-Pacific Region
(DBN)

Trump's Lesson for Toyota
(DBN)

Silicon Valley's great wealth bypasses its working homeless • Growth of Homeless Camps Out West • US Elderly Living a Desperate, Nomadic Life
(DBN)

IRS Chief Warns on More Budget Cuts
(DBN)

Those Renouncing US Citizenship Hits Record
(DBN)

Not All "Bad" Deals Are Bad for U.S.
(DBN)

Hotel Occupancy Rate increases YoY, On Pace for Record Year
(DBN)

The Highest and Lowest Incomes for America’s City Slickers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NAR forecasts existing home sales to rise to post-crisis high in 2018
(DBN)

Black Knight: Housing affordability strong despite rising prices
(DBN)

Where the loss of the second-home mortgage deduction would be felt the most
(DBN)

It’s time to gut the mortgage interest deduction
(DBN)

Senate Tax Bill Likely to Keep $1 Million Mortgage Cap
(DBN)

Tax Plan Could Boost U.S. Growth a Bit While Denting Housing
(DBN)

2017 Hurricane Impact on Mortgage Performance Worse than Katrina
(DBN)

Update: Framing Lumber Prices Up Sharply Year-over-year
(DBN)

How home buyers are getting robbed of their down payments
(DBN)

After years of investigations and audits, ex-UTA board member Terry Diehl is getting his day in court • Case dismissed against developer, ex-UTA board member Terry Diehl
(DBN)

A 58-story skyscraper in San Francisco is tilting and sinking — and residents say their multimillion-dollar condos are 'nearly worthless'
(DBN)

House reaches deal on flood insurance overhaul
(DBN)

NAHB: Builder Confidence decreases for the 55+ Housing Market in Q3
(DBN)

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Municipalities:

A Political and Constitutional Analysis of Puerto Rican Debt Crisis
(DBN)

Rob Bishop calls for tougher oversight over Puerto Rico's 'weird' Whitefish contract ahead of major hearing
(DBN)

Powering Up Puerto Rico : Rebuilding A Broken Island
(DBN)

Catholic U offers free tuition to displaced Puerto Rican students
(DBN)

Puerto Rico's post-Maria recovery under further strain as residents flee island by the masses
(DBN)

Can Puerto Rico Overcome a Colonial Past to Build a Greener Grid?
(DBN)

Puerto Rico after Maria, by the numbers
(DBN)

Greenwich Riches, Bridgeport Woes Tell Tale of Two Connecticuts
(DBN)

No let-up allowed in Detroit's financial fitness
(DBN)

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Oil/Gas:

Saudi power struggle means oil prices will hit ‘$70 before $50,' analyst says • Oil price spike on Saudi upheaval will be short-lived • Oil passes above $64 per barrel as Saudi political tensions increase • Oil eases but Saudi tensions keep 2-1/2 year highs in sight • Can WTI Hit $70 In 2018?
(DBN)

30,000 Oil Workers Rehired Over Past Year
(DBN)

A $6 Billion Windfall for Oil Refiners Has Small Hurdle: the IRS
(DBN)

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Healthcare:

Morehead Hospital bankruptcy hearing delayed
(DBN)

Sale of bankrupt North Philadelphia Health System hospital pushed back 1 month
(DBN)

Kansas Health, Ardent Finalize Purchase of St. Francis Health
(DBN)

Trump reportedly prepped executive order that could gut Obamacare's individual mandate
(DBN)

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Retailing:

Toys R Us collapse highlights fragility of supply chain finance • Mattel reports loss / Hasbro warns of weak Christmas business / Bankruptcy of Toys"R"Us weighs heavily on toy manufacturers
(DBN)

More Store Closures Won't Save Sears Holdings From Bankruptcy
(DBN)

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Tech:

WYNIT Lands In Bankruptcy Court
(DBN)

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Solar:

China’s panda-shaped solar plant is part of a bigger challenge facing Trump
(DBN)

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Banking:

Wells Fargo Workers Tell of Retaliation
(DBN)

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Taxis:

Unable to Beat Them, Cabbies Join Uber and Lyft in Ride Sharing
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

October Commercial Chapter 11 Filings Drop 22% Year/Year • October Chapter 11 Filings Register Steep Drop, Down 22% Y/Y
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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SCOTUS:

Oral Argument Transcript: Merit Management Group v. FTI Consulting
(DBN)

Amicus Brief on the Scope of the Bankruptcy Safe Harbor for Securities Settlement Payments Filed in Merit Mgmt. v. FTI Consulting

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Plan Confirmation:

Second Circuit Momentive Decision Adopts Two-Step Test for Cramdown Rate; Creates Make-Whole Circuit Split
(DBN)

Secured Lenders Take Note: Second Circuit Rejects Make-Whole Premiums But Opens The Door To Higher Interest Rates
(DBN)

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Bankruptcy Rules:

Training Materials For Federal Rule and Form Changes, Effective December 1, 2017
(DBN)

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Interest:

What Lenders Need to Know About Interest Payments on Claims in Bankruptcy
(DBN)

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Sales:

Secured Creditor Control and Bankruptcy Sales: An Empirical View
(DBN)

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Jurisdiction:

Judge Silverstein’s Opinion in Millennium Lab Holdings Threatens to Bring Clarity and Common Sense to Debate Regarding Constitutional Power of Bankruptcy Courts
(DBN)

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Gambling:

Casino files for bankruptcy in South Dakota city
(DBN)

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Personal Finance:

Personal loans help some survive daily life
(DBN)

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Autos:

Death of the auto dealer? One analyst sees the day coming
(DBN)

Tesla Investors May Be Losing Patience
(DBN)

Bob Lutz: No One Will Own a Car in 20 Years
(DBN)

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Mass Torts:

Asbestos Manufacturer Blames 'Abuses in Tort System' for Chapter 11
(DBN)

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Student Debt:

CFPB Settlement With Student Loan Trust Raises Red Flags
(DBN)

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UK:

JPMorgan to Citi Said to Join Brexit-Fueled Frankfurt Space Race
(DBN)

High Court ruling over Monarch Airlines’ slots imminent
(DBN)

20 banks applied for new EU banking licenses as they prepare for Brexit, a senior ECB official says • Paris, Frankfurt Try to Grab Lucrative Legal Action From London
(DBN)

UK retailers had their worst October since 2008 as inflation bites
(DBN)

British businesses are grappling with a fundamental question: Is capitalism in crisis?
(DBN)

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PIIGS:

Greece: Bankruptcy risk without debt easing • Greece Moves Closer to Getting Some Euro Zone Respect • Eurogroup: Creditors ' recommendations are positive for Greece • Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased
(DBN)

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Canada:

Bankrupt Maidstone tomato processing company pleads guilty to mislabelling
(DBN)

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MENA:

Saudi Arabia's arrest of Prince Alwaleed 'would be like arresting Warren Buffett or Bill Gates' in the US • ‘Panic’ could set in after Saudi purge nabs ‘Warren Buffett of the Middle East’ • History and this chart suggest the Saudi ‘Game of Thrones’ isn’t over yet • Purge of Saudi princes, businessmen widens, travel curbs imposed • Saudi Crackdown Widens as More Bank Accounts Frozen • Saudi Corruption Purge Snares $33 Billion of Net Worth in Riyadh • Trump praises Saudi king after crackdown • Humiliation of the Saudi billionaire and his fellow princes photographed sleeping on bare mattresses after 'corruption' arrests as Trump says they 'have been milking their country for years!'
(DBN)

Egypt's Dictator Loves Trump
(DBN)

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Ukraine:

Ukraine central bank declares Bank Boguslav insolvent
(DBN)

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Venezuela:

PDVSA's Bankruptcy : A Look from Venezuelan Law, in the Context of a Default
(DBN)

Is A Venezuelan Default Inevitable?
(DBN)

Turns Out Cocaine Kingpin Not Best Choice To Lead Venezuela Debt Restructuring Push
(DBN)

Venezuela's debt restructuring is probably just a political gambit by Maduro, experts say
(DBN)

Why Venezuela's Sliding Toward Dictatorship, Default
(DBN)

Singer vs Argentina Saga Has Nothing on Venezuela, Gramercy Says
(DBN)

Venezuelans Weary of Exit Plan for Country's Crisis
(DBN)

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Brazil:

Brazil's Oi proposes hefty fee to bondholders in exchange for capital
(DBN)

Brazil regulator Anatel demands review of Oi restructuring proposal
(DBN)

Oi Creditor Groups Announce Revised Term Sheet for Viable, Sustainable Alternative Restructuring Plan Addressing Feedback from Oi’s Senior Management; Conflicted Board Members Continue to Interfere with Negotiations
(DBN)

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India:

What Supreme Court told Jaypee and why it’s in the interest of 32,000 flat buyers
(DBN)

Getting a fix on the term 'dispute' under the Insolvency and Bankruptcy Code
(DBN)

India's Banks Adopt the Extend and Pretend Position
(DBN)

Lenders will give preference to highest bidder, even if it is promoter: PNB chief Sunil Mehta
(DBN)

Reliance Communications Bonds Fall to Record on Missed Payment
(DBN)

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Belgium:

New Belgian Insolvency Rules
(DBN)

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Cayman:

Ogier welcomes new partner to Cayman dispute resolution and insolvency team
(DBN)

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Indonesia:

Experts call for judicial review of bankruptcy law
(DBN)

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