December 19, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The 10 Worst Law Schools In The Country (2018)
(DBN)

Tales From An Unsuspecting T14 1L: Forgotten Lessons
(DBN)

Getting Your Grades Back In Law School
(DBN)

Another Global Law Firm Merger? Odds Are, It's Dentons
(DBN)

Minorities Gain Ground in Big Law (Caveats Apply)
(DBN)

The Lawyer Holiday Gift Guide: The Best Gifts For The Attorney In Your Life
(DBN)

How Law Firms Can Use Technology to Build Stronger Client Relationships
(DBN)

The 20 biggest Trump-Russia bombshells of 2018 • Michael Flynn sentencing: 'You sold your country out,' says judge • Michael Flynn, Trump ally turned key Mueller witness, tells judge he was not entrapped by FBI • Here's what Michael Flynn has admitted • Flynn tells judge he knew lying to FBI was crime • Trump Wishes Michael Flynn Good Luck Before Sentencing • Judge blasts Flynn at sentencing • Judge surprises Flynn at sentencing hearing – Here's what to expect next • Flynn is Not Guilty of Treason • The Flynn Fiasco - A sentencing hearing devolves into a spectacle of misinformation • Federal judge puts Michael Flynn under travel restrictions • The judge overseeing Michael Flynn's case went off during his sentencing hearing • Flynn sentencing marks keystone moment in Mueller investigation • Judge postpones Michael Flynn's sentencing • Judge Emmet Sullivan Delays Flynn Sentencing After Threatening Prison • Is Every Transaction 'Private' When It Comes To Trump? • What Does the National Enquirer Know About Trump Clan? Former Tabloid Editor Says Paper Has 'Criminal' Facts • Reality deals more blows to Trump's alternative narrative • US Prevails in Subpoena Fight Against Mystery Corporation • Trump signed letter of intent for Trump Tower Moscow project despite Giuliani insisting he didn't • Some Steele Dossier Claims Likely False
(DBN)

Trump and his adult children agree to dissolve the Trump Foundation charity amid a lawsuit alleging 'persistent illegal conduct' • Donald Trump must sell Tim Tebow-autographed Denver Broncos helmet • The Trump Foundation Gets Put to Sleep • Trump Charity Gone, but Lawsuit Remains
(DBN)

President Trump's comments on Green Beret charged with murder rile legal experts
(DBN)

Trump claims illegal immigration costs the US more than $200 billion a year. Even anti-immigration groups are confused •U.S. pledges billions of dollars of aid to Central America and Mexico • U.S., Supporting Mexico’s Plan, Will Invest $5.8 Billion in Central America • US, Mexico seek to stem migration from Central America by funding development in region • Tucker Carlson doubles down on claims that immigrants make U.S. ‘dirtier’ • Tucker Carlson loses more advertisers in wake of 'dirty' immigrants comments • 13 Advertisers Have Dumped Tucker Carlson • Trump administration relaxes requirements to sponsor migrant children
(DBN)

Trump administration moves to ban bump stocks
(DBN)

Harvey Weinstein Criminal Case May Be Crumbling, Experts Say
(DBN)

Trump says he’s eager to sign sweeping criminal justice bill
(DBN)

Woman who partied while her children died in hot car jailed for 40 years for ‘horrific case’ of neglect
(DBN)

Crime and Murder Fall in Largest Cities
(DBN)

Police Involved After Student Tries To Buy Lunch With $2 Bill
(DBN)

Judge rules school, sheriff’s office had ‘no legal duty’ to protect students in mass shooting
(DBN)

Former U.S. Attorney General Says If You Don’t Like ‘Baby It’s Cold Outside’ You’re An Islamic Terrorist
(DBN)

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Judges:

Judicial Ethics Panel Dismisses Brett Kavanaugh Misconduct Complaints • Kavanaugh Complaint Ended by Panel Saying It Can’t Probe Justices • 83 ethics complaints against Brett Kavanaugh dismissed because he’s now a Supreme Court judge
(DBN)

The Irony of Modern Feminism’s Obsession With Ruth Bader Ginsburg
(DBN)

How does federal judges' health insurance stack up?
(DBN)

‘What is wrong with you?’ federal judge asks in order responding to lawyers’ ‘whiny letters’
(DBN)

The Rehabilitation Of Disgraced Judge Kozinski Has Begun
(DBN)

Senate May Confirm More Trump Judges This Week, Flake Says
(DBN)

John Roberts' quiet Supreme Court
(DBN)

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Wall Street:

US Index Futures Extend Gains on Further Talks With China • U.S. stock futures climb ahead of Fed meeting; trade optimism returns
(DBN)

S&P 500 fails to rebound, falls to another new low for the year
(DBN)

A reliable, little-talked-about stock-market indicator is rolling over, and it's a warning sign for investors
(DBN)

Treasury’s Mnuchin thinks there’s a simple reason the Dow is poised for its worst December since 1931
(DBN)

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Layoffs:

While Sears execs get $25 million in bonuses, laid off workers struggle during Christmastime • Can the Deal to Compensate Toys R Us Workers Be Replicated at Sears?
(DBN)

GM Warns Lordstown That It's Really Over
(DBN)

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Fraud:

As Goldman’s 1MDB mess deepens, insiders doubt the firm’s rogue banker defense • Goldman Sachs Prepares to Face the Malaysian Legal System
(DBN)

Banks’ Exposure to the Enron Fraud Lives: 17 Years Later
(DBN)

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Healthcare:

Board Ousts CEO As International Crises Mount For Acadia Healthcare
(DBN)

Councilman Carlton Jones may not support loan to Tulare hospital
(DBN)

I read 1,182 emergency room bills this year. Here’s what I learned
(DBN)

The VA was given millions to help combat veteran suicide, but it hasn't done hardly anything with it, watchdog finds • The VA’s private care program gave companies billions and vets longer waits • The Scam of the VA's Privatization of Vets' Health Care • Democrats Renew Call to Investigate Mar-a-Lago Members
(DBN)

The Texans Challenging Obamacare Have No Standing • I hate Obamacare, but Texas judge's decision on its unconstitutionality is an assault on the rule of law • Controversial ruling on health care law could face a skeptical Supreme Court — if it gets there • Why Trump can't count on the Supreme Court to kill Obamacare • Susan Collins and Republicans better have better answers on Obamacare • Health care will suffer if judge's ACA rule stands • Judge who tossed Obamacare has had more than his share of contentious, high-profile cases • Legal Commentators Nearly Pull A Muscle Condemning Judge’s Affordable Care Act Decision
(DBN)

U.S. Pharmaceutical and Biologics Industries Could See Steep Potential Consequences from Texas Judge’s ACA Decision
(DBN)

The Professions with Highest (and Lowest) Suicide Rates
(DBN)

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Food/Beverage:

Blue Apron tumbles below $1 for the first time
(DBN)

Here's What 2019 Has In Store For Restaurant Operators
(DBN)

Committee objects to sales procedures for Fatz chain's bankrupt owner
(DBN)

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Personal Finance:

An ‘expected obliteration’ of financial assets threatens to kill FIRE movement
(DBN)

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Student Debt:

She was denied public service loan forgiveness, so she filed a lawsuit
(DBN)

Kansas judge tells government debt collectors they can't hound a broke 58-year-old woman until her 84th birthday
(DBN)

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Soccer:

Former Real Madrid defender Pepe's contract terminated at financially troubled Besiktas
(DBN)

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Footwear:

How the Footwear Industry Grappled With #MeToo, Tariffs and Bankruptcies in 2018
(DBN)

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Apparel:

Clothing company LuLaRoe sued by supplier for nearly $49 million in unpaid bills
(DBN)

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Aviation:

St. Paul Island works to keep air service after airline sale
(DBN)

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Tax:

Grant Thornton to pay $100m over tax shelter
(DBN)

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Economy:

The Fed’s next decision is its most important in recent memory — and the future of the stock market is at stake • Fed expected to move forward with rate hike, despite Trump’s scolding • The Fed gets the Trump treatment • Rate-hike probability falls to 66% as Fed decision looms later Wednesday
(DBN)

Duy: Fed Stuck In An Uncomfortable Situation
(DBN)

Trump continues to bash Fed as markets dip
(DBN)

Consumer Credit Default Hits Low For Nov 2018
(DBN)

Another Warning That A 2019 Recession Is Coming
(DBN)

Gary Cohn: Economy "strong," but U.S. has "huge debt problem"
(DBN)

Fed GDPNow latest forecast: 2.9 percent — December 18, 2018
(DBN)

Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey
(DBN)

The rise of private equity has left us with a lot of worthless, dangerous debt
(DBN)

Rating Agencies Sound Alarm About Leveraged Loans And CLOs
(DBN)

Trucking stocks are getting whacked and it's a sign the industry is facing a big slowdown ahead, analyst says
(DBN)

Democrats are going to attack the GOP tax law from several angles
(DBN)

Alan Greenspan: Investors should prepare for the worst • Greenspan: There's a Bad Moon on the Rise
(DBN)

The White House is suddenly backing down on its border wall demands as a government shutdown looms • White House looking at “other ways” to get $5 billion for border wall • White House Nightmare: Trump Golfs While His Secret Service Agents Work Without Pay • White House asks federal agencies to contribute to border wall funding
(DBN)

Debt-laden firms are hit the hardest in recent stock slump, says SocGen
(DBN)

Why America Needs to Realize That China Will Be No. 1
(DBN)

Nixing Trump's Favorite Trade Weapon Looks Like Long Shot • Mnuchin Says China and US Planning for Trade Talks in January • Third Canadian Detained in China
(DBN)

Tax Bill Creates a Divorce Rush
(DBN)

How Rich are the Rich? Far More Than You Think
(DBN)

Mnuchin Deflects Blame for Deficit, Citing Demands by Democrats • Mnuchin Says He'll Stay in Trump's Cabinet Until 2020 or Beyond
(DBN)

Top 50 Manufacturing Titans in the United States
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US home construction rose in November, led by apartments • Housing Starts Increased to 1.256 Million Annual Rate in November • Single-family home construction tumbles – and a top analyst says housing is in a correction • Comments on November Housing Starts
(DBN)

Weekly mortgage applications drop 5.8% as stock market plunge unnerves potential buyers • MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Early Read on Existing Home Sales in November
(DBN)

Judge grants motion for Marion mall to vacate tenants' leases after Dec. 31
(DBN)

Self-employed Americans lag behind in homeownership
(DBN)

Akron: Judge denies bankruptcy protection to delinquent landlord
(DBN)

The Changing Landscape of Commercial Real Estate: Repurposing Spaces in Retail, Shopping Centers, Healthcare and Golf Courses
(DBN)

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Municipalities:

Strengthening San Bernardino after bankruptcy is key task for new council
(DBN)

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Oil/Gas:

Oil sinks 5% to 15-month low as US and Russian output rises amid signs of faltering demand • U.S. oil prices plunge over 5% as fresh supply worries pummel market • Jan. WTI oil declines by $3.49, or 7%, to $46.39/bbl • Oil prices collapse 8%, falling below $46, as selling continues after the close • Oil sinks to one-year low as equity slump adds to supply fears • Big Oil Stocks Crash As Crude Prices Tumble • Oil Prices Plummet 7% on Fears of a Glut • What’s Behind The Crash In Crude?
(DBN)

'The only way is down': Oil's slump could get much worse amid oversupply concerns, analysts say
(DBN)

Connacher Oil and Gas Limited Announces Extension of Time to Complete Restructuring Transaction
(DBN)

Parker Drilling debt-for-equity swap plan faces shareholder pushback
(DBN)

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Politics:

Trump rages at Twitter with baseless claim that it is tampering with his followers because of political bias
(DBN)

Trump Foundation agrees to dissolve after suit claimed its assets promoted campaign, business
(DBN)

New 2020 campaign ad encourages supporters to call and leave a thank you message for Trump
(DBN)

Arizona's governor has named Rep. Martha McSally to fill the Senate seat that belonged to John McCain • Martha McSally Snags the Ultimate Consolation Prize
(DBN)

Nevada becomes 1st US state with female-majority Legislature
(DBN)

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Pensions:

The states where pensions are safe — and where they’re in trouble
(DBN)

Is New York City Entering a Pension Death Spiral like Chicago?
(DBN)

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Tires:

ATD CEO says bankruptcy progressing well ahead of Wednesday hearing
(DBN)

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Radio:

Meet iHeart's Big New Shareholder
(DBN)

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Cryptocurrency:

EOS Block Producers Are in Risk of Bankruptcy Despite The Recent 25% Price Gain
(DBN)

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Autos:

Carlos Ghosn Rearrested, Nissan Indicted, Rifts In Alliance • Nissan Is a Corporate Governance Nightmare
(DBN)

Buyer saves 1000 mph car project from bankruptcy
(DBN)

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Credit Reporting:

Experian offering potentially higher credit scores in exchange for access to people’s bank accounts
(DBN)

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Transit:

Mountain Line looking to fill the void left by defunct nonprofit
(DBN)

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Agriculture:

H&I Grain Files For Bankruptcy, Owes More Than $15 Million
(DBN)

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Resorts:

Mountain Creek nears settlement with Vernon
(DBN)

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Metals:

Republic Metals trustee seeks examiner to investigate metal inventory
(DBN)

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Corporate Reform:

Warren calls for investigation into CFPB-to-BCFP name change
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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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Unexpired Leases:

“Free and Clear” Means You’re out of Here?
(DBN)

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Mediation:

How a Judge Makes Mediation Work: Defending the Mediator
(DBN)

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SCOTUS:

SCOTUS Asked To Decide "Statutory Lien" Question
(DBN)

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Trustees:

BK SD MS Seeks Ch. 13 Trustee
(DBN)

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Management:

Why Leaders Should Expect Their Own Company's Collapse
(DBN)

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Fraud:

Telecom giant Charter agrees to record consumer fraud settlement
(DBN)

Argon Credit Trustee Sues Former Managers, Owners for Fraud
(DBN)

Bernie Madoff's Victims Have Recouped $11 Billion – And Counting – Of Their Lost $19 Billion
(DBN)

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Climate:

The disconnect over climate and coal
(DBN)

The Southwest May Be Deep Into a Climate-Changed Mega-Drought
(DBN)

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Education:

The administration wants to keep schools safe by ditching rules meant to prevent racial bias in school discipline • DeVos To Rescind Obama-Era Guidance On School Discipline
(DBN)

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Publishing:

Donadio & Olson Files for Bankruptcy
(DBN)

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Mass Torts:

In latest attack on asbestos trusts, DOJ tries (again) to block lawyer for future claimants
(DBN)

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Retailing:

Under Siege in the U.S., Toy Stores Find New Life in China
(DBN)

Sears to take $443 million in charges arising from store closures
(DBN)

Sears Bankruptcy Battle Tests Swaps Market
(DBN)

Retail Industry Predictions for 2019 - Experts are keeping a close eye on Amazon, possible tariffs and bankruptcies next year
(DBN)

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UK:

Britain's 'Big Four' accounting firms face major overhaul
(DBN)

U.K. Conservatives lay groundwork for a ‘crash out’ Brexit, while Labour seeks to soothe City • British officials prep for chaos in event of ‘no-deal’ on Brexit vote • A 2nd Brexit Referendum Once Seemed Unthinkable. Now Support Is Growing • A rightwing cult is driving Brexit Britain towards the cliff-edge • UK government makes no-deal Brexit an operational priority - minister • Hard Brexit Gains UK Economy £135 Billion - More Than Any Other Arrangement • May Warns of No-Deal Brexit Dangers With Key Vote Weeks Away • Brexit Has Destroyed UK's Constitution • High taxes could hasten bank moves from Britain after Brexit • EU Unveils `Essential And Urgent' No-Deal Plans
(DBN)

Insolvency litigation funder Manolete Partners makes fast start to life on AIM
(DBN)

When is a decision to declare an interim dividend a decision?
(DBN)

Debt Cocktail To blame For Scots’ Lifelong Debt
(DBN)

Barclays Managed To Lose $400 Million Betting Against Hedge Fund That Lost $850 Million
(DBN)

Insolvency expert anticipating lift to second half figures
(DBN)

______________

EU:

VLM Airlines Brussels files for bankruptcy
(DBN)

EU agrees bad-loan rules, stricter provisioning schedule
(DBN)

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PIIGS:

Italy reaches budget pact with European Union: reports
(DBN)

Greek Lawmakers to Vote on New Budget with More Austerity
(DBN)

Former Anglo Irish Bank bondholders to be paid €267m by liquidators • It Paid Some Bondholders in ‘World's Worst Bank’ to Hold Nerve
(DBN)

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Canada:

Ottawa offers $1.6B aid package for ailing energy sector • Canada to Offer $1.1 Billion in Loan Support for Oil Sector
(DBN)

Miniso Canada reaches preliminary agreement with Chinese parent company amid news of bankruptcy application
(DBN)

ServiCom assets go to Iowa businessman for $1.5 million in court auction
(DBN)

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India:

Marriage of Insolvency and settlement schemes? Govt may look at this option in future: Arun Jaitley
(DBN)

Operational creditors should get voting rights proportionate to their debt under IBC, says SC
(DBN)

Insolvency rule tweak on agenda
(DBN)

______________

China:

China Inc to suffer more defaults in 2019 as profits stall
(DBN)

China's bike-sharing bubble finally bursts
(DBN)

A regional manufacturing report in China has gone missing, raising concerns the economy is much weaker than the government will admit
(DBN)

A fifth of China's homes are abandoned
(DBN)

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Hong Kong:

Liquidators Held Personally Liable For Costs Of An Unsuccessful Application Seeking To Void Transactions
(DBN)

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Ukraine:

IMF Approves $3.9 Billion in Aid for Ukraine as Debt Pinch Looms
(DBN)

Deposit Guarantee Fund last week sold assets of 23 insolvent banks
(DBN)

______________

Russia:

Moscow court extends bankruptcy proceedings against ex-lawmaker Mitrofanov
(DBN)

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