October 31, 2017

The Daily Bankruptcy News

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Law:

Bankruptcy attorney disputes claims that his staff impersonated clients to satisfy credit counseling
(DBN)

For Love of Client, GCs Say Law Firms Need to Be More Proactive
(DBN)

Aligning Partner Compensation to Actual Contribution
(DBN)

Why Do Lawyers Have Such A Dysfunctional Relationship With Money?
(DBN)

4 Steps for Law Firm Cybersecurity Assessments
(DBN)

Florida Coastal, which has 47.7% bar pass rate, out of compliance with ABA accreditation standards
(DBN)

How One GC Cut His Legal Department in Half, Then Rebuilt It
(DBN)

How Jones Day Unmasked a Litigation Funding Deal and Won
(DBN)

City of LA agrees to pay $4.5M to law firms over taxation of reimbursed expenses
(DBN)

Cleary Gottlieb Elects 13 New Partners and Counsel
(DBN)

3 Reasons Why Data-Driven Budgeting Fails to Take At Law Firms
(DBN)

To Poach, or Not To Poach, That is the Question
(DBN)

Law firms fail to engage with business development and marketing
(DBN)

Law School Tuition Discounting Study Private Law School Tuition Discount Rate Rose To 39% In 2016
(DBN)

Alternative fee arrangements have plateaued, survey author says
(DBN)

Fear Not, Lawyers, AI Is Not Your Enemy
(DBN)

‘Worst nightmare’ realized? Machines victorious in lawyer vs robot challenge
(DBN)

The Honey Badger Approach To Leadership
(DBN)

The $1,150 new iPhone X — the best smartphone you can buy Here are the five best features of the iPhone X Apple's iPhone X could be make or break for the world's most valuable company
(DBN)

Manafort, Gates charged with conspiracy against US Manafort Lawyer Kevin Downing Calls Criminal Charges 'Ridiculous' Mueller's 'Elegant Trap' May Signal Money Problems for Manafort, Lawyers Robert Mueller’s Show of Strength: A Quick and Dirty Analysis Conspiracy Charges Against Manafort Push Mueller's Russia Investigation Public Manafort Indictment Is the Start of a Complicated Story Mueller just threw a huge wrench in Trump's attempts to distance himself from Manafort Don't Rush to Judge Trump A Fuming Trump Watched Indictments on TV Paul Manafort was just charged with 'conspiracy against the United States' — here's what that means Here are the Serious Problems With Mueller’s Indictment of Paul Manafort Manafort Indictment Contains At Least One Glaring Factual Error Manafort and Gates plead not guilty This 31-Page Manafort Indictment Feels Like Flip Bait Robert Mueller’s show of strength: A quick and dirty analysis Paul Manafort indicted in Mueller probe, surrenders to FBI Americans Will March in the Streets in 48 U.S. States If Trump Fires Robert Mueller Paul Manafort, Who Once Ran Trump Campaign, Indicted on Money Laundering and Tax Charges Read the unsealed indictment against Trump campaign chair Paul Manafort Paul Manafort was an Airbnb host For Manafort, Questionable Airbnb Sublets Became a Family Affair The FBI's indictment of Paul Manafort shows he spent over $12 million on Range Rovers, men's clothing, and home improvements in the Hamptons Schumer warns Trump against interfering with Russia probe How the Russia probe closed in on Paul Manafort Ex-Trump aide Manafort charged with US tax fraud over Ukraine work Why is Mueller’s team homing in on Paul Manafort? I asked a former federal prosecutor. Democrats Warn Trump Firing Mueller Would Be Red Line Sanders Says Trump Has No Intention to Fire Mueller As the Russia probe heats up, Congress looks to protect Mueller from Trump's wrath Both Campaigns Sought Russian Dirt. Clinton's Way Was Legal. Trump can absolutely pardon Paul Manafort Investigations of Manafort in New York are beyond Trump’s power to pardon
(DBN)

Manafort Indictment Keeps Focus on Skadden's Ukraine Work
(DBN)

Former Trump foreign policy adviser pleads guilty for making false statements Special counsel Mueller’s charges vs. Papadopoulos are first to relate to Trump campaign Could one tiny footnote in the Papadopoulos announcement bring down the whole Trump campaign team? Papadopoulos the campaign "nobody" The big questions surrounding George Papadopoulos Mueller's Trump Collusion Road Map Signaled in Guilty Plea New details about an early Trump adviser completely change the timeline of Russia's election interference Big Stuff in Papadopoulos Plea Deal Forget Manafort, George Papadopoulos Guilty Plea Should Have Team Trump Shaking in Their Boots
(DBN)

Is Tony Podesta The Next Lobbyist To Be Indicted By Mueller?
(DBN)

Trump would be 'impeached the next day if he tried to remove Mueller' now, says former federal prosecutor
(DBN)

Some in GOP Gear Up for a War on the Rule of Law
(DBN)

Can Harvey Weinstein Be Successfully Sued? (Part II)
(DBN)

The Unexpected in the JFK Files
(DBN)

Federal court bars Trump from reversing transgender troops policy
(DBN)

Ex-Port Authority attorney won't be suspended for fake letter claiming Weil Gotshal would give agency 15% discount
(DBN)

MIT scientist admits to insider trading, says his BigLaw lawyer wife had no idea
(DBN)

ABA urges SCOTUS to rule against baker who refused to make wedding cake for gay couple
(DBN)

Obama is called for jury duty
(DBN)

Celebrity chef sues NYC restaurant, saying it shouldn’t be using her name after missed payments
(DBN)

Gun-Toting Santa Says State Fired Him Illegally
(DBN)

Judge tosses contract between death row exoneree and his lawyer
(DBN)

Suspect Asks For A ‘Lawyer, Dog,’ Willfully Ignorant Court Denies Comma, Counsel
(DBN)

Judge Denies Menendez Mistrial Request
(DBN)

Ezekiel Elliott denied injunction by New York judge, suspension reinstated
(DBN)

From Harvey-Weinstein Masks to 'Fun Size' Disputes, Here's Where Halloween and the Law Intersect
(DBN)

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Judges:

BK MD FL: Court Connection Newsletter October 2017
(DBN)

ABA: Another Judicial Pick "Not Qualified"
(DBN)

2nd Texas judge announces switch from Republican to Democratic Party
(DBN)

Justice Ginsburg on marriage advice, feminism and Notorious RBG
(DBN)

Judge Can’t Believe She’s Been Added To ‘Known Terrorist List’
(DBN)

The Senate Is About To Confirm A Frenzy Of Conservative Judges
(DBN)

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Wall Street:

Nasdaq ready to lead U.S. stocks up, end October on a high note Futures point to a higher open
(DBN)

US stocks close lower after gradual tax cuts report Dow falls 77 points on report corporate tax cut could be gradual
(DBN)

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Layoffs:

Houston layoffs expected in Vistra takeover of Dynegy
(DBN)

Solar financing provider Renovate America to trim 76 jobs in San Diego
(DBN)

Stein Mart eliminates 48 corporate jobs
(DBN)

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Autos:

GM shares are tanking after Goldman downgrades the automaker to sell and predicts big drop ahead GM unplugged: Wall Street skeptical of electric plans
(DBN)

Tesla's Model 3 Production Hell Tesla Could be Out of Working Capital Soon
(DBN)

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Solar:

U.S. trade panel set to recommend solar trade tariffs
(DBN)

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Healthcare:

California hospital voluntarily shuts down following dispute with management company
(DBN)

The $10.4 billion cost of the flu on the US economy
(DBN)

Obamacare prices: Trump administration touts bad news on cost, buries good news about affordability
(DBN)

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Corporate Reform:

Cordray pleads directly with Trump to save CFPB’s arbitration rule
(DBN)

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Economy:

Trump is likely to announce Jerome Powell as the next Fed chair on Thursday What a Jerome Powell-led Fed may look like Next up, a more hawkish Fed, as Yellen presides over one of her final meetings
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Gains Momentum" in October
(DBN)

Trump's Fed pick won't mean big changes Here's everything you need to know about Jerome Powell, Trump's likely pick to lead the Federal Reserve
(DBN)

US consumer spending posts largest gain since 2009 US Consumer Spending Surged 1 Percent in September US Savings Rate Crashes To 10 Year Lows As Spending Surges Most Since 'Cash For Clunkers' U.S. Personal Consumption Expenditures Edges Up in September
(DBN)

US Income Growth Matches Estimates Personal Income increased 0.4% in September, Spending increased 1.0%
(DBN)

Credit Card Delinquencies Are Rising Fast -- And There's Only One Sustainable Solution
(DBN)

A key home builders group is now opposing the Republican tax plan — and it's a sign of trouble to come House Majority Leader McCarthy: 'I don't think we should punish people for being successful' We're starting to see how tax reform efforts will fall apart Stocks slip further on reported House talk of phased-in corporate tax cut GOP Tosses Their Own Playbook for Tax Bill Is the ‘Death Tax’ Debate Finally Over? Another Analysis Finds GOP Tax Plan Would Explode Deficits 5 Groups That Could Slow – or Sink – the GOP Tax Bill House GOP’s Tax ‘Math Experiment’ Has Businesses on Alert NY Times: The GOP's 'Pathetic' Proposal To Eliminate The State & Local Tax Deduction Collins opposes estate tax repeal, cut to top tax rate Key GOP Senator Susan Collins Lays Out Her Demands for Tax Bill
(DBN)

Nonpartisan think-tank says Trump tax reform plan would be worse for the economy in the long run The Long Term Price of Today's Tax Cuts
(DBN)

The US is facing a major retirement crisis
(DBN)

Why Going to College is the Best Investment Decision of Your Life
(DBN)

Mapped: America's 'megaregions' based on where people live and work
(DBN)

The six wealthiest people in the world have as much wealth as the bottom half of the world’s population, 3.7 billion people This Map Shows the Richest People on Each Continent
(DBN)

U.S. business group worries Trump unprepared for commercial talks with China
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

A new survey shows high home prices are hitting first-time buyers harder than ever Homes Are Getting Snapped Up at the Fastest Pace in 30 Years
(DBN)

Blockchain: Buying a Property in 60 seconds…
(DBN)

House Price Index up 0.2% in August, Up 6.2% year-over-year Are house prices a new bubble?
(DBN)

‘I’m never moving again’: Why Americans are staying in their homes for longer
(DBN)

Lennar to buy CalAtlantic, forming largest home builder in the US
(DBN)

Seventh Circuit Hears Fight Over Post-Bailout Mortgage Profits
(DBN)

House-flipping company files for bankruptcy
(DBN)

Lenders claim Crossings Mall owners owe $17 million for loan default
(DBN)

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Municipalities:

Hurricane Maria has now caused the longest blackout in US history Rivalries threaten to prolong Puerto Rico's blackout Senators demand power for Puerto Rico Puerto Rico's path to restore power shifts after Whitefish exit
(DBN)

Puerto Rico's Governor Just Hit His Target for Restoring Power
(DBN)

Puerto Rico pays billions of dollars in federal taxes—now it needs some payback
(DBN)

The US Navy's largest floating hospital docked in Puerto Rico
(DBN)

Puerto Rico's Desperate. China Can Help.
(DBN)

HUD developing plan to move displaced Puerto Ricans inland
(DBN)

Meet the Legal Theorists Behind the Financial Takeover of Puerto Rico
(DBN)

UN experts sound alarm on mounting rights concerns in Puerto Rico in wake of Hurricane Maria U.S. Emergency Response Efforts in Puerto Rico Aren't Good Enough, U.N. Experts Say
(DBN)

PREPA Head Confirms Cancellation of Whitefish Energy’s $300M Contract to Restore Power to the Island
(DBN)

FBI investigating Whitefish Energy's Puerto Rico contract
(DBN)

Hartford Mayor Says City Needs to Reduce Its Debt Bills
(DBN)

Detroit’s mayor seeks to continue urban renewal, relying on unique strategy
(DBN)

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Oil/Gas:

Cost of shale projects drops significantly from 2013
(DBN)

Millennials shouldn't bank on clean energy jobs
(DBN)

Analysts Raise Oil Price Forecasts Oil Extends Two-Year High as Saudis, Russia Back Prolonged Cuts Can $60 Oil Last? Oil prices near two-year highs as supply cuts bite
(DBN)

Swiber Holdings says creditors commence voluntary liquidation of unit
(DBN)

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Travel:

The newest way to beat lines at the airport involves quickly scanning your eyes or fingerprints — here's how it works
(DBN)

New TSA Rule: All Electronics to be Screened
(DBN)

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Hotels:

WV: Fights continue over control of defaulting Morgantown hotel
(DBN)

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Food/Beverage:

Z'Tejas files for bankruptcy and closes one Austin location
(DBN)

Millennials Ditching Casual Dining Restaurants
(DBN)

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Consumer Finance:

A lender targeting the 'New Middle Class' is working to hand out higher credit limits to struggling Americans
(DBN)

Kicking in doors and crushing credit: How a Texas-based retailer torments customers
(DBN)

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Politics:

With money laundering charges against Paul Manafort, Trump's 'fake news' claim is harder to defend White House: Today's indictments have "nothing to do" with Trump Inside the White House as the first Russia indictments came out Erick Erickson: It's Paul Manafort's indictment, not Trump's Trump on Manafort indictment: "Sorry, but this is years ago" Trump exaggerates years between him, alleged Manafort crimes Trump exaggerates years between him, alleged Manafort crimes Trump’s response to indictments: “why aren't Crooked Hillary & the Dems the focus?????” The attempts to distance Trump from Manafort White House source calls ex-Trump campaign chair and his ally 'bad guys' Here's what Trump said about Manafort when he joined the campaign Conservative media is attempting to deflect from Paul Manafort's indictment with Democratic scandals Who is Paul Manafort? A brief timeline of his political career Why Paul Manafort is 'the perfect fall guy' ‘The Russians Have Succeeded Beyond Their Wildest Expectations’ Paul Manafort's role in Donald Trump's campaign, explained Paul Manafort's role in Donald Trump's campaign, explained Manafort Indictment Should and Shouldn't Terrify Trump
(DBN)

Trump allies can't stop accidentally referring to Hillary Clinton's nonexistent administration Here's what we know about what Trump calls the 'Uranium to Russia deal'
(DBN)

Tony Podesta to step down from lobbying firm over Mueller scrutiny
(DBN)

White House Chief of staff John Kelly says Robert E. Lee was an 'honorable man', not being able to compromise led to Civil War
(DBN)

Americans were not swayed to vote for Trump by any Russian interference, House majority leader says Facebook: Russian pages may have reached majority of U.S. users 126 Million Users Facebook, Twitter, Google to Tell Congress How Russia Meddled
(DBN)

GOP Wants Dems to Testify on Trump Dossier
(DBN)

Steve Bannon Wants to Destroy GOP Donor Steve Bannon Is Reportedly Looking To Get His A-- Kicked By Paul Singer
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (58 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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Safe Harbors:

Justices to parse Bankruptcy Code’s fine print in high-stakes dispute over recovering assets for creditors of bankrupts
(DBN)

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Bankruptcy Reform:

Grassley Farm Bankruptcy Bill signed into law SD Farmers Union Supports Family Farmer Bankruptcy Bill
(DBN)

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Cross-Border:

US Judge Calls Complex Exelco-KBC Bank Bankruptcy Case 'A Mess'
(DBN)

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Awards:

David Wm. Ruskin Wins Barbara J. Rom Award For Bankruptcy Excellence
(DBN)

Richard Wasserman Receives Exceptional Service Award from the Judges of the United States District Court for the District of Maryland
(DBN)

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Make-Whole:

Momentive: Key Second Circuit Decision Tackles Make-Whole Premiums and Cramdown Interest
(DBN)

Momentive: Law Firm Perspectives
(DBN)

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Toys:

Mattel Surges After Dismal Results Lead to Takeover Speculation
(DBN)

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Ethanol:

Blunt ad: "President Trump is caving to ethanol lobbyists"
(DBN)

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Weather:

Atmospheric CO2 levels in 2016 hit record high
(DBN)

1.2 million in Northeast without power
(DBN)

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Mass Torts:

Is Opioid Litigation the New Tobacco? Not Quite, Even if There's a Family Resemblance
(DBN)

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Retailing:

Macy’s no longer makes much money as a retailer, Citi says, downgrades to sell Macy's stock plunges toward more than 5-year low after Citigroup downgrade
(DBN)

True Religion exits bankruptcy , shedding $358M in debt Citizens Provides New $60MM ABL Facility to True Religion
(DBN)

RadioShack cleared by court to exit bankruptcy again RadioShack Exits Chapter 11. Reduces Number of Stores
(DBN)

How Millennials Can Save Toys "R" Us From Bankruptcy
(DBN)

The Reports Of Sears' Death Are NOT Greatly Exaggerated Why Does Sears Bother to Stay Open?
(DBN)

Is JC Penney on Its Deathbed?
(DBN)

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Education:

Free College Would Help the Rich More Than the Poor
(DBN)

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UK:

“Steady as she goes”, say the AIB’s latest Scottish Insolvency figures, but is there an iceberg right ahead?
(DBN)

Financial ruin for thousands as cost of debt repayments are set to soar
(DBN)

Q3 2017 insolvency statistics – R3 comments
(DBN)

Bank of England: Brexit Could Cost 75,000 Finance Jobs
(DBN)

The government is refusing to publish Brexit impact assessments because it would breach their 'safe space'
(DBN)

Gordon Brown: Bankers are still being 'rewarded for failure'
(DBN)

UK remains most attractive country for businesses
(DBN)

EY UK has reported revenue growth of 9.2%
(DBN)

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PIIGS:

Catalonia independence: Spain to take control of Catalan institutions 14 Catalan leaders are being charged with rebellion for declaring independence from Spain Belgium could offer Catalan leader asylum: minister Work Resumes Normally in Catalonia as Spain Enforces Direct Rule Spain's direct rule takes hold in Catalonia as secessionists accept elections Barcelona Protest is a Pro-Spain Rally Catalan reprieve and rating reward lift Spanish and Italian bonds In Catalonia, Let the Long Game Begin Catalonia’s Independence Movement Unravels as Rajoy Prevails Catalan's fired leader flees from charges of rebellion to Belgium How to Get Asylum in Belgium: A Guide for Separatists on the Run
(DBN)

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Canada:

Saved from bankruptcy , Magnetic North gets a second chance
(DBN)

Former boss breaks silence, says Sears could have been saved Former Executive Says He Tried to Save Sears Stores, Jobs Sears Canada: the creditors preferred a winding-up, says ex-boss Last-ditch Sears bid could have saved 10,000 jobs: Ex-CEO Brandon Stranzl
(DBN)

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India:

Central Bank of India's net loss widens to ?750 cr
(DBN)

RBI objects to new bankruptcy bill for banks, insurers
(DBN)

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Africa:

Africa's Public Debt Seen Exceeding 50% of GDP in 2017, IMF Says
(DBN)

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Ukraine:

Deposit Guarantee Fund last week sold assets of 39 insolvent banks
(DBN)

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Brazil:

Brazil government still working on Oi SA restructuring proposal
(DBN)

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Kenya:

Kenya's Largest Retailer Nakumatt to Enter Administration Kenya’s largest supermarket has gone bankrupt and rivals are set to snap up its empty stores
(DBN)

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Australia:

Millionaire businessman John Kinghorn charged with fraud over $30m tax debt
(DBN)

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China:

Another Chinese Company Defaults on Bond Payments
(DBN)

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Mexico:

From Cancun to Los Cabos, tourists scared off Mexico's beaches
(DBN)

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