October 3, 2017

The Daily Bankruptcy News

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Law:

After Bad Press, When Should Law Firms 'Come Out Swinging'?
(DBN)

T&K Welcomes New York Restructuring Partner
(DBN)

Harvard grad fired from Ropes & Gray trims bar exam suit
(DBN)

Is Department of Education data on student loan defaults an accurate reflection of law schools?
(DBN)

The Ugliest Law Schools In America
(DBN)

A law degree provides a larger earnings boost to whites than minorities, researchers say
(DBN)

Firms Offer More Web-Based Legal Tools, But at What Price?
(DBN)

Role and Responsibilities of Practice Group Leaders
(DBN)

Duane Morris Opens in Austin, Plots Texas Expansion
(DBN)

CBS fires lawyer over Facebook posts calling Vegas shooting victims likely ‘Republican gun toters’ • Senior Attorney Fired For Cruel Commentary On Las Vegas Shooting
(DBN)

Online punk of Kushner attorney shows holes in email security
(DBN)

Did Manafort Use Trump to Curry Favor With a Putin Ally? • Manafort used Trump position to impress Russian oligarch
(DBN)

The best negotiation tactic you can use is silence
(DBN)

How Yoga Practice Helps You Keep Calm In Stressful Situations
(DBN)

Bloomberg Law trains machine to highlight legal points
(DBN)

Suits claim two Florida law firms failed to pay overtime
(DBN)

'This was a killing field,' says former FBI profiler Clint Van Zandt on Las Vegas concert massacre • Paddock Was the Son of a Serial Bank Robber • 'We maybe have to give up a little bit of our privacy,' says ex-NYC police head after Vegas shooting • Trump: Las Vegas shooting 'was an act of pure evil' • House GOP leader: 'Evilness' of Las Vegas shooter, and others like him, harms our way of life • Las Vegas shooting: what we know so far • How the Shooting Unfolded • What we know about the man behind the worst mass shooting in modern US history • Gunman's Brother Speaks • CBS exec fired after making insensitive remarks about Las Vegas shooting victims • Las Vegas massacre casts somber mood on conferences, but events go on • The chilling warning raised within the Las Vegas crowd shortly before the killings • Las Vegas shooter Paddock had 42 guns and a ‘bump stock’ • Gunman Had 'Bump-stock' Device That Could Speed Fire
(DBN)

Bannon warns: "end of everything" if Trump supports gun controls • America doesn’t have more crime than other rich countries. It just has more guns • America's gun problem, explained • How gun control works in America, compared with 4 other rich countries • Gun stocks jump, following historical pattern after a mass shooting • One map that puts America's gun violence epidemic in perspective • America’s unique gun violence problem, explained in 17 maps and charts • How the Las Vegas Shooter Could Have Gotten an Automatic Rifle • 'Bump-stock' devices: How Las Vegas shooter Stephen Paddock could have used 'a souped-up semi-automatic' • Where Americans agree and disagree on gun control • The Las Vegas shooter's father was a diagnosed psychopath and on the FBI's 10 Most Wanted list • Why the Las Vegas shooting isn't being called terrorism • 'We don't have to accept this as normal': Mark Kelly and Gabby Gifford's powerful speech after the Las Vegas shooting • There have been 273 mass shootings in the US so far in 2017 — here's the full list
(DBN)

With O.J. Simpson's release, effort resumes to collect $33.5-million judgment, Goldman attorney says • OJ Simpson’s lawyer uses the B-word and other vulgarity to describe Florida Attorney General Bondi
(DBN)

Dozens of amicus briefs support Christian bakery owner who refused to make cake for gay wedding
(DBN)

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Judges:

The Supreme Court is back in session. Here are the top cases to watch.
(DBN)

BK VI: Hurricane-Related Order
(DBN)

Why the Supreme Court starts on the first Monday in October
(DBN)

Chemerinsky: Some potential blockbusters as new SCOTUS term gets underway
(DBN)

You Can’t Keep A Good Justice Down
(DBN)

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Wall Street:

 

Stocks close at record highs to begin the fourth quarter
(DBN)

Six similarities between today and 1987, when the Dow plummeted 23% in one day
(DBN)

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Layoffs:

 

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Politics:

Zinke under investigation for charter flights
(DBN)

NFL Protests Continue for Second Week • Poll: 68% Say Trump is Wrong on NFL Protests
(DBN)

Why Trump Humiliated His Own Secretary of State • Rex Tillerson Must Go
(DBN)

Facebook says 10 million people saw Russian-bought political ads
(DBN)

Jared Kushner and Ivanka Trump had third private account—it received hundreds of White House emails
(DBN)

Richard Branson shares a nasty letter he once received from Donald Trump
(DBN)

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Retailing:

Stressed retail industry plunging deeper into junk territory, S&P says
(DBN)

Nordstrom's attempt to go private has stalled over financing, sources say • Nordstrom's stock drops on report that retailer's buyout talks are 'faltering' • Nordstrom's move to go private may have hit roadblock • Nordstrom, Inc. Stock Sinks on Buyout Hiccups • Nordstrom's Failed Privatization Hints at Destruction to Come • Nordstrom Go Private Snag Might Create An Opportunity To Buy Macy's • Investors worry Nordstrom private buyout may fall through • The retail apocalypse is torpedoing Nordstrom's attempt to go private - and the whole industry is paying for it
(DBN)

Gymboree Exits Bankruptcy In 4 Months, Existing Lenders Become New Owners
(DBN)

Toys R Us is banking on futuristic tech to save its business after bankruptcy • Toys R Us bankruptcy to boost Amazon toy sales
(DBN)

Moms fuming as posh baby chain gets ready to close for good
(DBN)

U.S. retail mall vacancies up 8.3 percent in third-quarter: Reis
(DBN)

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Autos:

GM is betting on an all-electric future
(DBN)

Tesla Model 3 deliveries lower than expected because of 'production bottlenecks'
(DBN)

Takata says $1.6 billion KSS deal to be signed in within two weeks
(DBN)

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Fraud:

Sen. Carlos Uresti loses bid to dismiss one of his 22 charges
(DBN)

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Newspapers:

Westchester Publisher Files For Bankruptcy • Home Town Media files for bankruptcy
(DBN)

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Metals:

Dayton OKs reboot of bankrupt Essar Steel project on Iron Range
(DBN)

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Debt Collection:

Consumer Litigation Filings Reverse Course from July
(DBN)

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Currency:

Bitcoin and Bankruptcy: What You Need to Know about the Value of Bitcoin and Other Cryptocurrencies in Bankruptcy
(DBN)

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Lehman:

Citi's Lehman Settlement Closes Door on 2008 Post-Mortem
(DBN)

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Economy:

U.S. manufacturing activity hits 13-year high; construction spending up • US Factory Activity Surges Last Month to Highest Since 2004 • ISM Manufacturing index increased to 60.8 in September
(DBN)

Why higher interest rates are going to hurt retirees
(DBN)

Fed's rate hikes causing low inflation, Kashkari says
(DBN)

Favorite to be next Fed chair believes central bank is a 'slave' to the stock market
(DBN)

American marriages aren’t what they used to be
(DBN)

Robots and globalization aren’t the only threats to good-paying jobs
(DBN)

Philly Fed: State Coincident Indexes increased in 27 states in August
(DBN)

White House: Those Saying Tax Plan Benefits Rich are Lying • GOP Angry Economists Got Tax Plan Right • Half of Trump Tax Cuts Will Go to the Rich • The Political Land Mine in the GOP Tax Plan • Trump's tax reform pipedream • Dueling GOP budgets head for collision in quest for tax reform • State and local tax deduction fight poses dilemma for Philly area Republicans • Overpromising “Middle-Class” Tax Cuts • Why Trump's Doubled Standard Deduction Won't Do You As Much Good As You Think • A top GOP senator just showed why tax reform may be harder than Trump thought • Rand Paul tweets opening salvo in battle over Republican tax plan • Rand Paul: "This is a GOP tax plan?"
(DBN)

Elderly Don't Trust Trump on Social Security
(DBN)

Debt Keeps Rising and Nothing Bad Happens
(DBN)

Americans keep calm and go shopping
(DBN)

Are States Really More Efficient Than the Federal Government?
(DBN)

This is what millennials are most anxious about
(DBN)

Casino stocks fall, led by Mandalay Bay-owner MGM, after Las Vegas shooting
(DBN)

What if the ‘retirement crisis’ has been exaggerated?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

8th Cir. BAP Holds Lien on Real Property Held in Tenancy by the Entireties Was Avoidable
(DBN)

Manhattan apartment sales highest in two years
(DBN)

Neighborhood tense over attorney's World War II tank parked outside multimillion-dollar home
(DBN)

Reis: Mall Vacancy Rate increased in Q3 2017
(DBN)

Construction Spending increased in August
(DBN)

350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity
(DBN)

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Municipalities:

Puerto Rico’s Human Catastrophe Is Hedge Funds’ Inhuman Nightmare
(DBN)

Puerto Rico: Masses in Survival Struggle
(DBN)

12 days after Maria, most of Puerto Rico lacks drinking water
(DBN)

In Puerto Rico, Equal Parts Fear and Fellowship After Storm
(DBN)

Trump to meet victims, responders in hurricane-ravaged Puerto Rico • As Trump set to visit Puerto Rico, 95 percent lack power
(DBN)

Creditors approached Puerto Rico with offers after Maria -official
(DBN)

Hurricane Maria's Turbulent Wake Leaves Behind An Island Of Opportunity
(DBN)

Higher education must stand up for Puerto Rico
(DBN)

If You Want Puerto Rico To Recover, Cancel Its Debt
(DBN)

Puerto Rico's households earn half of those in the poorest US states • Even before the hurricane, Puerto Rico had poverty rates double those in the US
(DBN)

More fuel on way to Puerto Ricans, power still down for most • Puerto Rico is all our worst fears about Trump coming true • John Oliver takes on Trump over Puerto Rico disaster response • Puerto Rico's supply chain backlog shows signs of easing
(DBN)

Puerto Rico seeks 'tens of billions of dollars' in US aid
(DBN)

School Systems Prepare for Puerto Rican Students
(DBN)

Big corporations in Puerto Rico have done little or nothing to help
(DBN)

Budget Talks Resume; Hartford Still Facing Bankruptcy • Financial Advisers Brief Hartford Council, Residents On Bankruptcy Process
(DBN)

U.S. Supreme Court rejects challenge to Michigan's emergency manager law
(DBN)

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Oil/Gas:

Oil prices are heading into what has been an ugly part of the year
(DBN)

Oil drillers are trying to fix their finances. They better hope crude stays above $50, says Moody's
(DBN)

Seadrill's restructuring plan faces bondholder opposition
(DBN)

Breitburn Energy: A Nasty Court Battle Is Developing
(DBN)

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Coal:

Coal miners being trained to work in alternative energy
(DBN)

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Paper:

Appvion files for Chapter 11 bankruptcy protection
(DBN)

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Gambling:

Caesars expects casino unit to exit bankruptcy this week • Casino Operator Caesars to Emerge from Bankruptcy by October 6
(DBN)

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Healthcare:

Focus on Health Care Provider Bankruptcies
(DBN)

Tulare Regional Medical Center board votes to seek bankruptcy protection
(DBN)

KU hospital plans to rename St. Francis when sale closes
(DBN)

Hedge fund takes over North Texas ER chain revived from bankruptcy
(DBN)

The medical bill score: How the public judges health care
(DBN)

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Credit Reporting:

Equifax has its industry freaking out about mass credit freezes • Equifax says 2.5 million more people might have been affected by the hack than previously thought • Equifax is reportedly reviewing actions of its top lawyer, who oversaw security and stock sales
(DBN)

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Personal Finance:

Most US high school students never have to take a personal finance class
(DBN)

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Pensions:

1,000 St. Joseph Retirees Hear Horrors of Impact of Pension Fund Collapse
(DBN)

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Education:

Court of Appeals rules that Clark Atlanta owns 13 acres the City bought from Morris Brown
(DBN)

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Festivals:

McFarland's Fyre Festival fraud topped $20 million, new charges say
(DBN)

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Nuclear:

DOE announces $3.7 billion more in loan guarantees for Plant Vogtle nuclear • Perry acts to support US nuclear
(DBN)

Toshiba buying back 10 percent stake in Westinghouse unit for $522 million
(DBN)

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Banking:

This common bank fee has soared 55% over the past decade
(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 (43 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:

Bankruptcy cases tick upward yet again in Buffalo market
(DBN)

Chapter 11 Filings Decrease in Third Quarter With Exception of Toys "R" Us
(DBN)

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Sales:

Eroding the Majority Rule: Another Circuit Concludes That Lease Can Be Extinguished in Free-and-Clear Bankruptcy Sale
(DBN)

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Plan Confirmation:

Ninth Circuit Reverses Course on Measure of Collateral Value in Cramdown Confirmation of Chapter 11 Plan
(DBN)

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Ch. 13 :

Proposed BK SD NY Chapter 13 Model Plan Posted for Public Comment
(DBN)

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Avoidance Actions:

Yet Another Ruling Deepens the Divide on Whether the Bankruptcy Code’s Avoidance Provisions Apply Extraterritorially
(DBN)

Some Upside to Being Upside-Down: The Fifth Circuit Provides Undersecured Creditors an Additional Front on which to Contest Preference Claims
(DBN)

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Cross-Border:

Insolvencies - An Overview of Chapter 15 of the Bankruptcy Code
(DBN)

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Bankruptcy Rules:

BK DE: Local Bankruptcy Rules Comment Period
(DBN)

BK SD NY: Proposed Amendments to Local Bankruptcy Rules Posted for Public Comment
(DBN)

BK VT: Notice Of Proposed Local Rules Revision And Opportunity For Public Comment
(DBN)

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Automatic Stay:

Maine Bankruptcy Judge Rules That § 362(c)(3)(A) Automatically Terminates Automatic Stay
(DBN)

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Student Debt:

50% of millennials would give up this fundamental American right to have their student loans forgiven
(DBN)

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Media:

Gawker Is for Sale and Its Articles Could Be Deleted
(DBN)

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Lien Avoidance:

Disallowance for Procedural Reasons Does Not Support Voidance of Lien
(DBN)

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Claim Amendment:

Court Nixes Amended Claim Filed After the Effective Date
(DBN)

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Religion:

Judge orders Montana Catholic diocese to update court on settlement plan
(DBN)

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Weather:

Federal Relief Funds for Harvey May Take Years
(DBN)

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Taxis:

By 2021, your Lyft ride will likely have no driver. Here's how
(DBN)

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UK:

Monarch's demise brings more headaches for holidaymakers • Everything you need to know about the collapse of Monarch Airlines • Monarch customers are angry and confused: 'They should have known' • Monarch: Bride 'in tears' as wedding flight canceled • Monarch Airlines collapse affects 860,000 customers • Monarch: Four reasons behind its failure • UK tries to bring home 110,000 travelers after airline fails • The six graphs that explain why Monarch went under • RIP Monarch Airlines: Why lack of innovation meant gradual oblivion • Why Monarch is the latest airline to go under - and more could follow • Monarch Airlines collapse: Most travel insurance polices DON'T cover you • Flight companies accused of cashing in on Monarch's collapse • Monarch Airlines: Ryanair and rivals circle as airline crash-lands into administration • Monarch employees have brave and unusual reaction to airline's collapse as they all lose their jobs • British government aware of Monarch risk, industry will restructure - Hammond • Monarch becomes Europe's third airline to fail in five months • Monarch's rise and fall charts British holiday trends • Monarch Airlines’ collapse nullifies a Boeing ‘win’ over Airbus • Government to pay bulk of repatriation costs • Britain's bankrupt Monarch Airlines suffered loss of $100 million: CEO
(DBN)

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EU:

European airlines take off after Monarch collapse leaves room for rivals • European airline failures play into hands of richer rivals
(DBN)

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PIIGS:

Spain Flirts with Another Civil War • Catalonia goes on strike as calls for 'declaration of independence' grow
(DBN)

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Canada:

Sears Canada to seek court's OK for more time to close stores
(DBN)

Reevely: Shaw Centre looking at insolvency with $4M debt payment it can't cover
(DBN)

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Venezuela:

Venezuela may default on its debt, but Maduro will probably stay in power
(DBN)

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India:

Insolvency reforms: Crucial year ahead for regulator
(DBN)

Insolvency and Bankruptcy code a game-changer; but here is what needs to be taken care of
(DBN)

Lenders Wary Of Dragging Anil Ambani's RCom To Insolvency
(DBN)

Individual insolvency norms a priority, says IBBI Chairman MS Sahoo
(DBN)

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Brazil:

Brazil Oi's creditors announce alternative restructuring plan
(DBN)

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MENA:

Saudis See Economy Shrink In Spite Of Higher Oil Prices
(DBN)

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Australia:

Australia's central bank keeps rate at record low for 14th month straight
(DBN)

One Nation's Fraser Anning avoids bankruptcy, cleared to replace Malcolm Roberts
(DBN)

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