Daily Bankruptcy News
January 4, 2018


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Law:

Law firms merged at record rate in 2017 2017 Record Year for Law Firm Mergers Record-breaking year for law firm mergers After a Record 2017, No Signs of Law Firm Merger Mania Slowing
(DBN)

Why more failing law firms are choosing a death of dissolution rather than insolvency
(DBN)

Sedgwick Diaspora Sees 3 Law Firms Expand in California
(DBN)

Ex-Katten Atty Conviction A Cautionary BigLaw Tale Ex-BigLaw partner who represented Shkreli faces possible 20-year sentence
(DBN)

DLA Piper (Canada) LLP welcomes important additions to the Restructuring group
(DBN)

Kramer Levin Appoints Two Bankruptcy Lawyers To Special Counsel
(DBN)

Amanda Segal to Lead Katten's Distressed Debt and Claims Trading Practice
(DBN)

Linklaters Lures Jones Day Bankruptcy Pro in DC
(DBN)

That Awkward Moment When Another Law Firm Pronounces Your Law Firm’s Death
(DBN)

Will New Tax Law Wipe Out GC Bonuses?
(DBN)

Jones Day - Glassdoor Provides More Than a Peek Inside "Black Box"
(DBN)

Millennial lawyers are forging their own paths—and it's wrong to call them lazy
(DBN)

Surpassing expectations, defying labels: Life as a deaf attorney and working mother
(DBN)

Mindfulness meditation: an achievable resolution for lawyer well-being
(DBN)

Large law firms' secret information from big-money clients entice cyberthieves
(DBN)

Prepare, practice, protect: A strategy for defeating cyberthreats to lawyers
(DBN)

Magic Circle management teams reap big payouts
(DBN)

The Trump administration would consider a pathway to citizenship for DACA recipients, DHS secretary says
(DBN)

ATL Holiday Card Contest: The Winner! (2017)
(DBN)

More Law Schools Get In On The GRE Creep — But Some Conditions Apply
(DBN)

10 Questions: Harvard Law's dean of students began as a ballerina
(DBN)

Tamanaha: 14 Law Schools With Attrition Rates > 20% May Fail Accreditation Standard 501(b) (Admitting Students Capable Of Passing The Bar)
(DBN)

Historical Versions of the United States Code Now Online
(DBN)

With law firm's library gone, tech startup moves in and shakes up workplace
(DBN)

Top ethics watchdog sues DOJ over release of FBI agents' Trump texts to reporters
(DBN)

Manafort sues Mueller in Russia probe Manafort's Lawsuit Finds Trump in a Strange Spot Manafort sues DOJ and special counsel who indicted him, says Mueller was given improper authority Lawsuit Against Robert Mueller Is a Pure Publicity Stunt Manafort Suit Seeks to Undermine Mueller's Legal Authority Here's What You Need to Know About Manafort's Bombshell Lawsuit Against Mueller, DOJ Manafort v. DOJ: The Wolf That Didn’t Bark Paul Manafort's Lawsuit is Dead-On-Arrival, and Everyone Knows It
(DBN)

Paul Manafort was indicted for spending his hidden millions in lavish ways — and now there's a new twist
(DBN)

Trump Administration Fills 17 Interim U.S. Attorney Posts Trump selects Giuliani's law partner for top prosecutor job in New York replacing Preet Bharara
(DBN)

Trump tweets criticism of ‘deep state’ Justice Department, suggests it should act on Comey, Abedin Is Donald Trump Being Tried As A Black Man? Did the FBI Have A Source In The Trump Campaign? Deputy AG, FBI Director met Paul Ryan to discuss dossier The End of the Beginning
(DBN)

The number of men behind bars in the US is mind-boggling
(DBN)

Law school had asked students to watch for ‘suspicious’ grad who later opened fire on deputies
(DBN)

University of California-San Diego Student Blocks Highway In Anti-Trump Protests and Sues School After She Is Hit By Car
(DBN)

The Dan Markel Case: Katherine Magbanua’s New Trial Date
(DBN)

Proceedings start in Colin Kaepernick's right-to-work suit this week
(DBN)

Gay Dad’s Attempt To Adopt His Genetic Child Rejected, Child Left Without Legal Parents
(DBN)

Witness Tells Police He Saw Restaurant Manager Shoot Cook In Case Related To Bad Yelp Review
(DBN)

Falsified Drug Tests: And Justice for None
(DBN)

Attorney's bullfighting dreams come true during his golden years
(DBN)

The Mystery of the Crime Decline
(DBN)

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Judges:

Comments by Judge Meredith A Jury at a Dinner in Her Honor
(DBN)

Judiciary’s handling of harassment complaints will be evaluated, Chief Justice Roberts says
(DBN)

The Year Ahead in Judicial Appointments: Four Big Questions
(DBN)

BK SD NY Closed BK SD GA: Savannah Courthouse Closed Due To Weather BK MA: Boston, Worcester and Springfield offices closed BK ME Closed BK NJ Closed BK ED NY: Central Islip closed
(DBN)

Vacancy Announcement - Clerk of Court - Southern District of Alabama, U.S. Bankruptcy Court
(DBN)

Its ratings system under fire, ABA stresses importance of federal judicial candidate evaluations
(DBN)

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Wall Street:

US futures rise ahead of open, as Wall Street looks to key data
(DBN)

US stocks holds gains after Fed minutes
(DBN)

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Layoffs:

Allergan to cut over 1,000 jobs
(DBN)

OC Register editor, others laid off after Digital First acquisition
(DBN)

Pittsburgh Corning cuts jobs, puts Plum headquarters up for sale
(DBN)

NJ: Nature Labs employees stunned by sudden closure
(DBN)

Tech giant rolling out new robots to replace workers in hotels, airports, supermarkets
(DBN)

Scripps Health plans reorganization, layoffs in 2018
(DBN)

More layoffs coming for Dole Berry
(DBN)

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Personal Finance:

The easy steps everyone should take to get out of debt, according to a certified financial planner
(DBN)

Here's exactly what to do if you win the $400 million lottery jackpot, according to a financial adviser
(DBN)

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Retailing:

Macy's is about to announce another round of store closings
(DBN)

Toys R Us hires liquidation advisers as some stores hit the chopping block
(DBN)

Sears and Toys R Us take reverse approaches as they attempt to survive
(DBN)

The running list of 2017 retail apocalypse victims
(DBN)

E-commerce sales may be twice as high as generally reported
(DBN)

A Baker's Dozen Of Provocative Retail Predictions For 2018
(DBN)

Record retail closures to continue apace in 2018
(DBN)

Can men save retail? Nordstrom makes big bet on a once overlooked shopper
(DBN)

10 Retailers to Watch for a Bankruptcy Filing in 2018
(DBN)

Clothing retailers will struggle to resize
(DBN)

Retailer closures rocked retail in 2017. Now 2018 is ready to deliver one other spherical of them
(DBN)

Debenhams' share price collapses after 'volatile and competitive' Christmas
(DBN)

Charming Charlie restructuring could be in place for busy spring season
(DBN)

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Economy:

Fed expects tax cuts to boost economy The Fed says it could speed up rate hikes because of Trump's tax cuts FOMC Minutes: New Tax Law "would likely provide a modest boost to capital spending"
(DBN)

Dollar Remains World's Reserve Currency
(DBN)

How a Secretive Conclave Decides When U.S. Recessions Happen
(DBN)

Average American’s Holiday Debt Goes Up 5 Percent Nationwide consumer debt higher than ever before
(DBN)

Ray Dalio says economic downturn could leave Americans ‘at each other’s throats’
(DBN)

Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004 ISM Manufacturing index increased to 59.7 in December
(DBN)

Happy new year – or economic meltdown?
(DBN)

'We're skeptical' tax cuts will result in long-term progress: Merrill chief economist Here's what Trump's tax plan means for blue collar workers, from cashiers to foresters New York to Sue Over New GOP Tax Law Trump FactCheck: The new tax law is "kicking the American economy into high gear with $5.5 trillion in tax cuts." Skyrocketing executive pay is about to get more expensive for corporate America The GOP Tax Bill Will Add $1.8 Trillion to the National Debt: CBO
(DBN)

Study: New Yorkers Continue to Flee State
(DBN)

Ceding America's Influence to China
(DBN)

A Hedge-Fund Titan Puts Away the Punch Bowl
(DBN)

The Future of Retirement Is Brighter Than Ever
(DBN)

HGTV’s Chip and Joanna Gaines are expecting their fifth child — why that’s a distant dream for most Americans
(DBN)

The world’s 13 most efficient, open, and competitive economies
(DBN)

China and the US 'are about to ride a bumpy journey,' state news agency says
(DBN)

Annual U.S. Car Sales Drop for First Time Since Financial Crisis
(DBN)

Visualizing the Global Millionaire Population
(DBN)

The Black Swans of 2018
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Fourth Circuit Approves Partial Dirt for Debt Plan
(DBN)

Trump's tax overhaul has slowed Manhattan's real estate market even before going into full effect
(DBN)

Reis: Office Vacancy Rate unchanged in Q4 at 16.3% Office Vacancy Rate Since 1980
(DBN)

Goldman Sachs: Tax reform is a big drag for home prices
(DBN)

These will be the top 10 housing markets of 2018
(DBN)

MBA: Mortgage applications drop in final weeks of 2017
(DBN)

Mortgage rates to increase past 4.5% in 2018
(DBN)

S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018
(DBN)

Ellie Mae: Millennial homebuyer credit scores decreasing
(DBN)

Construction Spending increased in November
(DBN)

There's a growing difference between renting one and two-bedroom apartments in America
(DBN)

After emerging from bankruptcy, Old Snowmass property faces foreclosure again
(DBN)

OK: Construction halted on The Ranch retirement community
(DBN)

'Mr. Flip It' from defunct HGTV reality series Flip It to Win It 'stole at least $200,000 each from four victims in fraudulent real estate scheme'
(DBN)

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Municipalities:

2018: Starting down Puerto Rico's road to economic prosperity
(DBN)

A Tale of Two Puerto Ricos
(DBN)

Puerto Rico - Fourth Quarter 2017 Review
(DBN)

Puerto Rico : The Hits Just Keep On Coming
(DBN)

Puerto Rico seeks inspector general to audit public funds
(DBN)

Hedge Fund Blasts Defense Of Puerto Rico Restructuring Law
(DBN)

Puerto Rico faces lawsuit over law limiting legal judgment payments
(DBN)

Las Vegas's Economy Is on the Brink of a Boom
(DBN)

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Oil/Gas:

Oil at 2 1/2-year high on expectations of dwindling stockpiles Oil prices hit fresh highs as market tightens Oil Rises From 3-Year High After Best Start to Year Since 2012
(DBN)

Trump Said to Seek Biggest Offshore Drilling Increase in Decades
(DBN)

Oil majors power FTSE 100 higher as Iran tensions stir energy markets
(DBN)

Giant oil companies put exploration on the back burner
(DBN)

What's Behind the Canadian Rig Count Crash
(DBN)

Investors must face history's third energy transition
(DBN)

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Travel:

Thousands of flights canceled as massive winter storm heads up East Coast Flights to the East Coat Being Canceled
(DBN)

What You Need to Know as a Traveler in 2018
(DBN)

Trump to New Jersey: Drop Dead
(DBN)

3 Amtrak trains with 311 passengers on board derailed in Georgia with no injuries reported
(DBN)

Only two U.S. airlines made this ranking of the world’s 20 safest carriers in 2017
(DBN)

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Autos:

US judge clears Takata to seek creditor vote on bankruptcy plan
(DBN)

Domestic car companies collectively reported lower U.S. sales in December Auto sales fall for the first time in 8 years Car Sales End a 7-Year Upswing, With More Challenges Ahead U.S. Light Vehicle Sales at 17.79 million annual rate in December Nobody in the auto industry is disappointed with 2017 US sales
(DBN)

Tesla again delays Model 3 production target What Is Tesla Hiding From Wall Street? Tesla misses its Model 3 deliveries by a mile Tesla Breaks Another Production Promise With Crucial Model 3
(DBN)

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Defense:

Solace buys tank manufacturer CST Industries in bankruptcy sale
(DBN)

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Fishing:

Pacific Andes lender to get answers about how Ng family-linked loan was used
(DBN)

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Nuclear:

Dominion Energy to Buy Scana, Absorb Costs of Failed Nuclear Plant Project Dominion finds value in Scana’s nuclear meltdown
(DBN)

South Carolina customers could see refunds in a utility sale
(DBN)

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Asset Protection:

Asset Protection: Legitimate Planning or Fraudulent Transfer Based on Actual Intent to Hinder or Delay Creditors (Who Knows)?

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Education:

Horizon Report's future remains uncertain after sudden NMC closure
(DBN)

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Disruption:

These Once-Invincible Companies Aren’t Surviving in the Digital Age
(DBN)

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Finance:

Distressed Debt Outlook: Lack of Leveraged Loan Covenants May Lengthen the Default Process
(DBN)

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Accounting:

At heart of FDIC’s win v. PwC, an unsettled theory
(DBN)

Judge finds PwC liable to FDIC - only the FDIC - over Colonial fraud
(DBN)

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Student Debt:

New York takes another stab at cracking down on student-loan companies
(DBN)

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Gambling:

Creditors strike deal in Cal Neva Resort & Casino bankruptcy case
(DBN)

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Fraud:

Fraud Questions Linger In Woodbridge Ch. 11 Trustee Fight
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

BK ME December Filing Statistics
(DBN)

Ch. 11 Cases By Sector
(DBN)

NH’s 2017 ended with slight annual increase in bankruptcies
(DBN)

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Gifting:

Michael Friedman Discusses “Gifting” Among Creditors
(DBN)

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Avoidance Actions:

Two Courts Clear the Way for Bankruptcy Trustees to Avoid Tuition Payments Made by Parents on Behalf of Children as Fraudulent Transfers
(DBN)

Preventing the Exception from Swallowing the Rule — Why Congress Should Amend Section 546 of the Bankruptcy Code to Prevent the Underlying Policies of Fraudulent Conveyance Law and the Protection of Financial Markets from Colliding and to Prevent Participants in Fraud from Profiting
(DBN)

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Involuntary Bankruptcy:

Dispute Evolution: A bona fide dispute regarding claim amount may disqualify creditor from maintaining an involuntary case.
(DBN)

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Discharge:

$119,000 Sanctions for Discharge Injunction Violations
(DBN)

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Politics:

Bannon says meeting involving Jared Kushner, Donald Trump Jr., and Russians was 'treasonous' and 'unpatriotic' Steve Bannon touches the third rail of Trumpworld Bannon reportedly ripped "treasonous" Trump Tower meeting Steve Bannon: There's 'zero' chance Trump Jr. didn't introduce Russians from Trump Tower meeting to Trump Why Bannon’s treason comments won’t destroy Trump Forget ‘covfefe’: Steven Bannon just invented a new word and no one knows what it means Bannon and Trump: Monsters they can't control Trump’s Break With Bannon Over Book Forces GOP to Choose Sides Steve Bannon says Ivanka Trump is 'dumb as a brick' Bannon bombshells and more: The 10 most shocking revelations from Michael Wolff’s Trump book The 5 wildest claims made in the explosive behind-the-scenes book on Trump's White House Bannon loses support of pro-Trump billionaire backer over media fights Conservatives Aren't Done with Bannon Yet Hope Hicks fled the room after Trump called her ‘the best piece of tail’ Lewandowski will ever have Did Steve Bannon Betray the Trump Family? New book claims Trump called Sally Yates the c-word Trump eviscerates Steve Bannon: 'He lost his mind' White House: Trump was "furious, disgusted" by Bannon quotes Donald Trump Throws Steve Bannon Under the Bus White House Shocked by Bannon's Quotes White House aides were caught off-guard by the explosive claims in a book on the Trump administration White House slams Wolff book as "trashy tabloid fiction" Trump attorney threatens 'imminent' legal action against Steve Bannon after disparaging remarks surfaced in new book White House denies Donald Trump Jr. committed treason Don Jr. fires back at Bannon comments Trump Fears Poison, Eats McDonald's: Book
(DBN)

How Michael Wolff did it
(DBN)

Pence swears in Doug Jones
(DBN)

Trump shuts down voter fraud commission Why Trump Ended His Hunt for Fake Votes
(DBN)

How Trump Learned to Love War
(DBN)

Trump Is Receiving Gifts From Foreign Governments and Violating the Constitution, Ethics Watchdogs Warn
(DBN)

New York Daily News puts out another shocking Donald Trump cover
(DBN)

Ivanka Trump planned to become first female president Jared Kushner And Ivanka Trump Believe They'll Both Be President One Day
(DBN)

White House to enforce personal cellphone ban
(DBN)

Gallup: Trump Weekly Job Approval Highest Since July
(DBN)

Lawmakers called in psychiatrist to discuss Trump's mental health Yale Psychiatrist Says Trump Is Unraveling
(DBN)

Former Attorney General Eric Holder: 'I think we're seeing a stress test the likes of which we've not seen since Watergate'
(DBN)

Utah media: If Romney runs, he wins Hatch: Romney would "have my support" if he runs
(DBN)

'His mustache is a problem': Trump reportedly soured on John Bolton for a top Cabinet position because of his looks
(DBN)

Ivanka Trump reportedly makes fun of her father's elaborate comb-over to her friends
(DBN)

White House blasts claim that Melania reportedly cried in despair when Trump won
(DBN)

Winner of tied Virginia House race to be decided Thursday
(DBN)

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Solar:

January may be a make-or-break month for the U.S. solar business
(DBN)

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Tech:

Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock Intel CEO: Google discovered the chip problem 'months ago' Explained: 'Meltdown' and 'Spectre' — the massive Google-discovered security exploits that have Silicon Valley in a tizzy What you need to know about massive flaws that affect Intel, others Here's what you need to know about the massive security flaw that could affect almost every computer
(DBN)

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Football:

Football Still Americans’ Favorite Sport to Watch
(DBN)

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Telecoms:

FCC Doesn’t Owe Compensation After Seizing Bankrupt Carrier’s Spectrum
(DBN)

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Weather:

Here are 7 terrifying maps and facts that will freak you out about the ‘bomb cyclone’ weather hitting the east coast US braced for 'bomb cyclone' that could shut down much of the East coast Freezing Rain, Snow Blanket South as Major Winter Storm Takes Shape Why This East Coast Storm is So Unusual How To Survive a Bomb Cyclone Are Bomb Cyclones Real? The Breakdown Between Terms Live map
(DBN)

Yes, It's Snowing in Florida
(DBN)

FEMA now allowing churches to receive disaster relief funds ?
(DBN)

How Harvey Hurt Houston, in 10 Maps
(DBN)

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UK:

Taxman STILL not received a penny of £72million owed by liquidated company which owned Rangers FC
(DBN)

This chart shows that Brexit is by far the biggest risk in the markets in 2018, according to HSBC clients
(DBN)

U.K. housing market losing more steam, data show
(DBN)

Many UK CEOs earn more in three days than a typical worker does in a year
(DBN)

Badly strained UK hospitals to delay non-urgent procedures
(DBN)

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PIIGS:

Greece raises 1.625 billion euros in T-bils
(DBN)

Greece risks complacency as its bailout cycle winds down
(DBN)

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Australia:

Medical bills and illness are making us bankrupt
(DBN)

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MENA:

US Withholds $255M in Aid from Pakistan
(DBN)

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Venezuela:

US court rules against miner Crystallex in Venezuela dispute Third Circuit rules against Crystallex in $1.4 billion enforcement suit
(DBN)

Venezuela's not-so-happy new year
(DBN)

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India:

Public Announcement Requesting Suggestions For Reforms And Amendments To The Insolvency And Bankruptcy Code.
(DBN)

IBBI bars insolvency professionals from outsourcing their responsibilities Insolvency professionals to get cover
(DBN)

Insolvency & Bankruptcy Code objective not to emphasize on liquidation
(DBN)

Parliament clears Insolvency Bill to check wilful defaulters
(DBN)

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China:

China wants Detroit-like chapter to resolve extreme debt issues – central financial institution
(DBN)

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