December 13, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces Bonuses And A New Pay Scale (For Some)
(DBN)

Law firms are having the best financial-growth year in about a decade, two reports conclude
(DBN)

Slaughter and May ups newly-qualified solicitor pay by 4% to £83,000
(DBN)

Report Proves What We Already Knew: Clients Will Pay Any Fee Hike To Get Brand Name Firms
(DBN)

Americans want law firms to drop fees and the mystique Survey: 69 Percent of People Would Use Online Legal Services Over Attorneys
(DBN)

Private Equity Deals Help Drive Growth at Biggest Law Firms
(DBN)

More Details From The Offensive Simpson Thacher ‘Pregnant’ Email
(DBN)

At K&L Gates, Women Alleged Misconduct and Left, as Accused Partners Stayed On
(DBN)

The Future Of The Law Firm
(DBN)

Amid Concerns Over Lawyer Workloads, US Firms Embrace 'Agility'
(DBN)

Microsoft Picks Davis Wright Tremaine for Top Firm Diversity
(DBN)

Former professor challenges American Bar Association's accreditation of New York school
(DBN)

LSAC: There Is No 'Asian Crisis' In Legal Education
(DBN)

‘Can you increase the font size?’ Law student emails prof after spotting him drafting exam from across the street
(DBN)

The Law School With The Largest Tuition Hike
(DBN)

California Supreme Court waiting for study results before revisiting bar exam cut score
(DBN)

Federal judge warns of possible sanctions after lawyer files complaint in screenplay format
(DBN)

Young lawyers can be technophobes too, says legal tech entrepreneur Monica Goyal
(DBN)

Making Partner Is Not As Awesome As You’d Think
(DBN)

What Drives Changes In PPP Over Time?
(DBN)

The First International Law Firm In The World
(DBN)

The Greatest Law Firm Testimonial In The History Of The World !!!!
(DBN)

Michael Flynn Asks Judge for Leniency for Lying to F.B.I. Ex-Trump lawyer and fixer Michael Cohen arrives with his family for criminal sentencing Michael Cohen sentenced to 3 years in prison Cohen Jail Term 'Beginning of the End for Trump' Cohen to 'State Publicly All He Knows' About Trump Michael Cohen will tell ALL after Mueller probe is complete 'Today Is the Day I Am Getting My Freedom Back' Michael Cohen is set to spend 3 years in a 'cushy' prison that's been called a 'castle behind bars' This Is the ‘Castle Behind Bars’ Michael Cohen Wants to Live in for the Next 3 Years Cohen's Sentencing and AMI's Non-Prosecution Are a Serious Double-Whammy for Trump National Enquirer publisher admits to suppressing story for Trump Tabloid publisher admits making $150K catch-and-kill payment in concert with Trump campaign Cohen Sentencing, Tabloid Deal Intensify Spotlight on Trump Michael Cohen says he felt it was his 'duty' to 'cover up' Trump's 'dirty deeds,' is sentenced to 3 years in prison Trump has been implicated in several federal crimes, but here's why experts say he hasn't faced legal consequences Trump Dismisses Russian Meetings as 'Peanut Stuff' Former Acting Solicitor General Suggests Trump Could Get Longer Prison Sentence Than Cohen The Flynn Entrapment
(DBN)

Incoming New York attorney general plans wide-ranging investigations of Trump and family
(DBN)

While Working for Trump, Giuliani Courts Business Abroad
(DBN)

Avenatti Makes Another Bold Prediction After Judge Hits Stormy Daniels with Fees and Sanctions
(DBN)

Cape-Wearing Chicago Atty Offers No Excuse For Client Theft
(DBN)

Peter Jackson: Harvey Weinstein Was a Thug Harvey Weinstein’s Lawyer Declares Alleged Victims Have “Lied”; D.A. Only Interested In”Political Correctness” Gymnast-turned-lawyer who helped expose Nassar is honored, Christine Blasey Ford makes video tribute After months of debate, Congress agrees on harassment bill “People Are Furious That This Was Leaked”: At CBS, a New Painful Debacle Over the Leak of a Report About the Moonves #MeToo Scandal
(DBN)

Sting uses fake Amazon boxes, GPS to catch would-be thieves
(DBN)

Former judges call on ICE to stop immigration arrests at courthouses Trump Moves to Deport Vietnam War Refugees Trump Makes Three Pretty Offensive Arguments in SCOTUS Appeal on Asylum Ban SCOTUS Asked to OK New Asylum Ban
(DBN)

Attorneys for ex-Baylor fraternity president defend no-jail plea deal in r--- case, claim client and accuser were seen 'kissing passionately' at party
(DBN)

America's 10 Cushiest Prisons
(DBN)

Judge Rules ‘Coward’ Deputy Had Legal Duty to Confront Nikolas Cruz
(DBN)

My Hometown Schools Have Resegregated
(DBN)

Wife accused of orchestrating death of husband thought eaten by gators
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Judges:

The Notorious RBG Has Had Some Serious ROI
(DBN)

Abortion opponents are starting to worry Brett Kavanaugh isn't the ally they were expecting Will the Supreme Court Overturn Roe v. Wade After All?
(DBN)

Judicial temperament 101 Judge Resigns After Making Homophobic Remarks
(DBN)

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Wall Street:

US stock futures slip as Wall Street digests volatility and trade war developments
(DBN)

Stocks rise on US-China trade optimism, but pare gains in final hour of trading
(DBN)

Buckle up! PNC Financial sees another scary market ride in 2019
(DBN)

After the 'death cross,' the S&P 500 seems to be forming another scary chart pattern
(DBN)

S&P 500’s bottom? You ain’t seen nothing yet, this ‘bond king’ is warning
(DBN)

The Great Cheapening of 2018: Global Stock Valuations Now at Five-Year Lows
(DBN)

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Politics:

Google's CEO was grilled about a bizarre YouTube conspiracy theory claiming that Hillary Clinton drinks the blood of children
(DBN)

Bernie Sanders: America is 'owned and controlled by a small number of multi-billionaires'
(DBN)

Schumer calls on McConnell to walk Trump back Trump ‘Stormed Out’ of Pelosi-Schumer Meeting: Reporter The Chuck and Nancy and Donald Show 'Cocoon of his own mistruth': That's where Trump lives, Schumer says
(DBN)

Senate votes to overturn Trump donor disclosure rule
(DBN)

Trump's Approval Ratings by State
(DBN)

Trump’s rude awakening: Governing in tough times
(DBN)

Trump will need Mitch McConnell more than ever as Democrats take control of the House
(DBN)

Key quotes from the Reuters interview with Trump
(DBN)

Pelosi's power play
(DBN)

The divided states of America - 48 state legislatures are now under single-party rule
(DBN)

How the Minority Wins North Carolina Veers Toward a Congressional-Election Do-Over
(DBN)

Saudi Arabia Declares War on America’s Muslim Congresswomen
(DBN)

Mark Meadows out of running for Trump's chief of staff
(DBN)

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Education:

Former ITT Tech students get $600M in debt relief from bankruptcy judge
(DBN)

Dream Center faces lawsuit over Art Institutes' accreditation claims
(DBN)

Will Half Of All Colleges Really Close In The Next Decade?
(DBN)

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Student Debt:

Feds arrest student debt-relief CEO who allegedly scammed borrowers out of $28 million
(DBN)

Why The Student Loan Bubble Won't Burst
(DBN)

More parents struggle to repay loans they borrowed for their children’s education
(DBN)

Teacher grants converted to loans forcing teachers to pay up
(DBN)

Trump administration hid report revealing Wells Fargo charged high fees to students
(DBN)

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Mass Torts:

Lawsuit accuses Boy Scouts of negligence in New Mexico abuse case
(DBN)

Boy Scouts of America Considers Bankruptcy Filing Amid Sex-Abuse Lawsuits Boy Scouts of America looks to bankruptcy as membership falls, lawsuits mount
(DBN)

Vatican's third-highest official convicted of sex abuse in Australia
(DBN)

New Behrens Article Proposes Legislation to Promote Bankruptcy Trust Transparency & Fairness to All Parties
(DBN)

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Bankruptcy Crimes:

She was warned she'd go back to jail if she kept filing bankruptcy cases. She did it anyway.
(DBN)

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Economy:

US consumer prices unchanged in November, amid decline in gasoline prices BLS: CPI unchanged in November, Core CPI increased 0.2%
(DBN)

Key Measures Show Inflation Picked Up Slightly on YoY Basis in November
(DBN)

The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape
(DBN)

Workers are ghosting their employers like bad dates
(DBN)

Half of CFOs Predict Recession by End of Next Year
(DBN)

No recession as long as Fed doesn’t screw up, award-winning economist says
(DBN)

Why you should stop worrying about a recession
(DBN)

Trump makes one last try to get the Fed to ease up, but it likely won't work Ex-Fed vice chair to Trump: Hiking rates gradually from historic lows won't choke economic growth
(DBN)

Economic growth will top 3% again next year, Trump advisor Hassett says
(DBN)

U.S. Income More Equal Than Advertised
(DBN)

China looks like it's going to give Trump a huge symbolic trade war win, fueling hope for a big deal China Back Buying US Soybeans China cutting U.S. auto tariffs is big news — for German auto makers China bought 500,000 tons of U.S. soybeans. But that's just a drop in the U.S. export bucket China readying plan to widen foreign access to its economy: WSJ Cramer: China may be recognizing that revealing its 'world domination' plan was a bad idea Trump's trade team spent days building a strategy to deal with the Huawei CFO arrest. Then Trump blew it up in a single interview. US Needs Allies for Trade War with China China to scrap flagship industrial policy in bid to defuse trade war China to Consider Delaying High-Tech 'Made in China 2025' Plans Here's what's going on with the Marriott hack, Huawei and the DOJ — and it's all related to China and trade Marriott hack could be a surprising piece of ammunition in Trump's trade talks with China The Huawei Case Just Got (More) Political Trump faces pushback after saying he may intervene in arrest of Huawei executive Under Armour will shift production away from China Trade War Battles: Latest Conflicts Apple could move iPhone production out of China if trade war escalates Can Apple Survive a Prolonged US-China Trade War? Rhetoric And Reaction: The Trade War In Northern Minnesota Trade war damage to China's economy is already done, Citigroup says Apple to build new campus in Austin, Texas
(DBN)

EU and Japan to Establish World's Largest Free Trade Zone
(DBN)

This map shows where Americans are struggling to repay their car loans
(DBN)

Behind in their savings, millennials may have to work till age 70
(DBN)

These are the states with nearly failing marks on a budget report card
(DBN)

Most parents – and many non-parents – don’t expect to have kids in the future
(DBN)

National Debt Under Trump Is Surging at Its Fastest Pace Since 2012
(DBN)

GOP leaders still lack funding plan as shutdown looms
(DBN)

HSBC: These 10 risks could throw the markets and economy for a loop in 2019
(DBN)

Poll: Americans Friendlier to Foreigners
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

Mortgage Preference: Dilly-Dally Around with Recording and You May Lose
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey
(DBN)

Fannie Mae: Lender pessimism grows as mortgage demand falls
(DBN)

Mortgage Equity Withdrawal as a Percent of Disposable Income Since 1980
(DBN)

Market correction or midterm speed bump? Here’s what real-estate agents are saying about the housing market
(DBN)

Denver Real Estate in November: Sales Down 24% YoY, Inventory Up 47%
(DBN)

Houston Real Estate in November: Sales Unchanged YoY, Inventory Up 9% Houston: Affordable Home Sales Collapse
(DBN)

Single women outpace single men on the path to homeownership
(DBN)

Homebuyers Get a Break as Bidding Wars Fall to Lowest Since 2011
(DBN)

'I begged them for help': Wells Fargo foreclosure nightmare
(DBN)

Rich Homebuyers Are Now 'Test-Driving' Multimillion-Dollar Mansions
(DBN)

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Municipalities:

Puerto Rico's War on Its Poor
(DBN)

Puerto Rico: Economic reconstruction, debt cancellation, and self-determination
(DBN)

Many States See Strong Revenue
(DBN)

Emanuel makes strong pitch for $10B in pension bonds Chicago mayor proposes $10 billion in bonds to improve pension funding
(DBN)

Compassionate communities don't let traffic tickets spiral into bankruptcy
(DBN)

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Oil/Gas:

EIA slashes oil pricing outlook
(DBN)

Oil Stays Below $52
(DBN)

US dominance in oil markets is only going to get bigger, the IEA says
(DBN)

Parker Drilling filing for bankruptcy Parker Drilling shares slide 60%, bonds tumble as company files for prepackaged bankruptcy Parker Drilling Files for Bankruptcy With Bondholder Deal in Place Parker Drilling Company Files An 8-K Bankruptcy or Receivership Parker Drilling files for pre-arranged Chapter 11 reorganization Parker Drilling enters Chapter 11 bankruptcy Parker Drilling Announces Agreement on Comprehensive Restructuring to Significantly Reduce Debt, and Obtain Access to Significant Capital Commitments Parker Drilling Bankruptcy Kicks off “Oil Bust 2” First Day Dec
(DBN)

Struggling Houston oil company is warned it could be delisted
(DBN)

PetroQuest pushes for bankruptcy court order to pay into surety program
(DBN)

Bakken Resources Files An 8-K Bankruptcy or Receivership
(DBN)

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Retailing:

Your shuttered Sears store could soon be demolished. Here's why Sears hires real estate firm to shop stores around Sears bankruptcy: U-Haul, Dick's Sporting Goods could buy stores, report says Sears Suppliers Sell Trade Claims Amid Cash Shortage Concern Kimco Eyeing Potential to Unlock Embedded Value in Sears/Kmart Locations
(DBN)

Kroger buys pharmacy records from 42 Shopko stores
(DBN)

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Banking:

KBW downgrades bank sector on poor economic outlook, says other analysts will follow
(DBN)

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Cryptocurrency:

Bitcoin’s collapse looks familiar to bubble watchers, analyst says
(DBN)

Bitcoin Bull Mike Novogratz Has A Stark Warning For The Crypto Community Mike Novogratz Totally Knew Bitcoin Would Lose Money. Just Not, Like, Quite This Much Money.
(DBN)

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Fraud:

Madoff bankruptcy lawyer: ‘You can’t have a Ponzi without a bank. And the bank was JPMorgan.’
(DBN)

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Debt Collection:

November FDCPA Case Law Review
(DBN)

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Celebs:

Celebrity chef Mike Isabella files Chapter 7 bankruptcy, most restaurants to close
(DBN)

Shakira in unique legal paradise
(DBN)

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Climate:

The Arctic is unraveling as climate change intensifies Scary warming at poles showing up at weird times, places
(DBN)

CA: Quit Building in Wildfire Hotspots
(DBN)

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Movie Theaters:

CEO of MoviePass' parent company had $7.25 million in stock that's now worth less than $50
(DBN)

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Hedge Funds:

Hedge fund liquidations outpace launches in third quarter
(DBN)

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Travel:

Human Heart Found on Southwest Airlines Flight
(DBN)

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New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Reform:

Analysis of the Taxpayer Protection and Responsible Resolution Act of 2018 (Chapter 14 Financial Institution Bankruptcy Proposal)
(DBN)

A Fresh Start to Bankruptcy Exemptions
(DBN)

Bill Could Make Ch. 11 a Viable Option for Small Businesses
(DBN)

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Avoidance Actions:

Lower Courts Wrestle with Debtors’ Tuition Payments
(DBN)

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Litigation:

2018 Litigation Funding Year in Review
(DBN)

Litigation to grow, but skills shortage worries US firms
(DBN)

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Sales:

The Stalking Horse Bid Protections: The Auction Credit Conundrum, and How to Avoid It
(DBN)

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Hotels:

Los Angeles passes regulation targeting Airbnb and other short-term rental services
(DBN)

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Coal:

U.S. firms face mounting risks over coal investments
(DBN)

States ask court to stop Trump from reviving US coal sales
(DBN)

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Healthcare:

Promise Healthcare seeks to sell hospital out of bankruptcy court
(DBN)

What happens to employee pensions at 2 hospitals Santa Clara County is buying?
(DBN)

How far Americans live from the closest hospital differs by community type
(DBN)

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Autos:

TransUnion sees subprime climb in 2019 but still below pre-recession level
(DBN)

Brown, Portman write letter demanding answers from GM CEO Ohio Senators Want to Know GM’s EV Plans, Demand American Production GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring This holiday season kids in Ohio are writing letters asking GM to save their town’s auto plant
(DBN)

Amid Strained Relationship, Nissan Hands Renault the Straight Dope on Ghosn Nissan: Speculation Remains on Palace Coup
(DBN)

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Food/Beverage:

Scotty's Brewhouse Files for Bankruptcy, Plans to Close Four Locations Scotty's Brewhouse files for bankruptcy; 3 Indiana locations to close
(DBN)

Trinity Fresh to Declare Bankruptcy
(DBN)

Mike Isabella's Empire Is Done Mike Isabella's Restaurant Group Is Going Out of Business
(DBN)

New York’s Russian Samovar Restaurant Files for Bankruptcy
(DBN)

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Pharma:

Bausch Health inks $200M ‘stalking horse’ deal for bankrupt Trulance maker Synergy Synergy Pharmaceuticals Bankruptcy: SGYP Stock Plummets on Filing To Cover Debts, Synergy Inks $200M Bankruptcy Sale to Bausch Health No Emoji Could Hide This Drugmaker’s Woes First Day Dec
(DBN)

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Non-Profits:

Boy Scouts of America Considers Bankruptcy Filing Amid Abuse Lawsuits Boy Scouts consider bankruptcy amid abuse lawsuits, declining membership Boy Scouts of America may declare bankruptcy
(DBN)

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Maritime:

Hansa Heavy Lift files for insolvency Another Shipping Group Falls Foul of Economic Woes as Heavy Lift Ocean Freight Carrier Fails
(DBN)

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Marketing:

Catalina, one of Tampa Bay's largest private companies, files for bankruptcy Catalina Files for Bankruptcy as Marketing Dollars Tighten First Day Dec
(DBN)

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Corporate Reform:

New head of watchdog agency vows consumers will be top focus
(DBN)

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UK:

Brexit Anxiety Gives Law Firms Chance to Prove Worth to Clients
(DBN)

Theresa May survives no-confidence vote Theresa May Survives Leadership Test, but Brexit Path Unclear Theresa May’s victory is a vote against a no-deal Brexit
(DBN)

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EU:

ECB announces the end of crisis-era stimulus; holds interest rates
(DBN)

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Canada:

DME owes more than $27M, new documents reveal
(DBN)

Insolvency increasingly weighing upon Canadian households
(DBN)

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France:

Strasbourg terror suspect may have escaped France after 17-hour manhunt French police identified the suspected Strasbourg gunman because he fled the shooting scene in a taxi and bragged to the driver about his attack Trump uses terror attack in France to call for Schumer and Pelosi to fund his border wall
(DBN)

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Venezuela:

Venezuela Poised to Lose Citgo in 2019 After Defaulting on Bond Payments
(DBN)

Venezuela's Creditors Come for Its U.S. Oil Assets
(DBN)

Crystallex Threatens Venezuela’s Crown Jewel Citgo Again
(DBN)

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Brazil:

Avianca Brazil files for bankruptcy; judge halts aircraft repossession United CEO plays down any hit to Avianca JV from sister co bankruptcy
(DBN)

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MENA:

House Dems to launch "deep dive" into Khashoggi murder Defying Trump, US Senate advances measure to end support for Saudis in Yemen
(DBN)

Turkish firms under bankruptcy protection more than double 846 Companies File for Bankruptcy Protection
(DBN)

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Singapore:

Voluntary Arrangements in Bankruptcy – Extension and Revocation
(DBN)

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India:

For NCLT, it is a race against time for resolution of NPAs
(DBN)

Vijay Mallya: The rise and fall of ‘the king of good times’
(DBN)

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South Korea:

Prosecutors raid South Korea's largest law firm
(DBN)

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