May 23, 2018

The Daily Bankruptcy News

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Law:

Will Law Firms Be Ready When the Next Recession Hits?
(DBN)

Average earnings for solo and small-firm lawyers was nearly $200K last year, report says
(DBN)

The Second Hundred Are Being Lapped by the Top Tier
(DBN)

When Your Lawyer Pleads Stupidity, Who Are We To Argue?
(DBN)

The Two-Spacer Manifesto For Legal Writing
(DBN)

These Black Law Students Want To Change The Perception Of Their Town And Law School
(DBN)

How Profiteers Lure Women Into Often-Unneeded Surgery
(DBN)

Vacationing For Dummies: An In-House Counsel Manual
(DBN)

Actually, THIS Tech Stipend Blows The Competition Out Of The Water
(DBN)

Introducing The Legal Industry To Millennial Business Owners
(DBN)

IWIRC May Newsletter
(DBN)

Mnuchin says he wasn't involved in suppressing Michael Cohen's suspicious activity reports Michael Cohen's business partner, Evgeny Freidman, agrees to cooperate as part of plea deal Michael Avenatti files cryptic court document hinting that Michael Cohen is leaking audio tapes seized in the FBI raids The Cease & Desist Letter Michael Cohen Sent To The Onion
(DBN)

Republicans want special counsel to investigate Trump-Russia probe House conservatives introduce resolution calling for second special counsel 5 easy steps that explain just how out-of-bounds Donald Trump's FBI move really is The anti-Mueller brigade Donald Trump Wants You to Hate Robert Mueller, Too When the CIA Did Infiltrate a Campaign Trump’s Business Schemes Warrant Their Own Investigation
(DBN)

No One Knows If a President Can Be Indicted
(DBN)

Why the New Times Report on the Gulf Meeting Is Freaking Trump Out
(DBN)

Michael Avenatti’s law firm hit with $10 million bankruptcy judgment Eagan Avenatti Owes Ex-Partner $10M From Bankruptcy Deal Law firm of Stormy Daniels' attorney hit with $10-million judgment Stormy Daniels' lawyer Michael Avenatti faces increased scrutiny over taxes, business dealings Michael Avenatti Says Law Firm's Bankruptcy is 'Irrelevant,' Not Related to Stormy Daniels Case Michael Avenatti, After Firm Loses $10M Dispute: ‘I’m Not a Celebrity, I’m a Lawyer’
(DBN)

'Summa cum laude' censored by bakery on graduation cake
(DBN)

Interior Department moves to allow hunters to lure bears with donuts Trump to Scrap Hunting Rules. Kill the Cubs
(DBN)

Teen who started wildfire ordered to pay $36 million
(DBN)

New details reveal how police ended deadly firefight with Texas school shooter Father of Accused Texas Shooter Believes Bullying Was Behind Rampage Santa Fe High School shooting suspect's father says son was bullied If more are dying at schools than combat zones, there's a big problem Santa Fe Shooter's Dad: My Son is the Victim Pakistan Buries Teen Killed at Santa Fe High Were Santa Fe Kids Killed by Crossfire? US School Shootings vs. the World's
(DBN)

A 30-year-old millennial who still lives with his parents is suing them after they finally kicked him out — here's why he thinks they're being absurd Here’s another thing you should do by 35: Move out of your parents’ home
(DBN)

Olympic Swimmer Says US Coach Hid Abuse For Decade More than 200 powerful people have been accused of misconduct in the past year. Here’s a running list Senate reaches agreement to curb harassment on Capitol Hill McDonald's workers allege widespread misconduct MSU's $500M Abuse Settlement Sends A Powerful Message Congress to grill Olympic bigwigs about abuse
(DBN)

Lawyer Famous for Racism Says Racism Not the ‘Real Me’
(DBN)

Blood Will Tell
(DBN)

Two in Three Americans Support Same-Sex Marriage
(DBN)

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Judges:

Fla. Attys Who Gave Rays Tickets To Judge Facing Probation
(DBN)

Ruth Bader Ginsburg, the super diva of America’s Supreme Court
(DBN)

Gorsuch, Ginsburg Go To Mat Again In Class Waiver Case
(DBN)

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Wall Street:

Dow futures slide 200 points as Trump keeps investors second-guessing on trade US stocks point to a triple-digit loss at the open after Trump plays down China trade talks
(DBN)

Dow drops nearly 200 points after Trump says he's not satisfied with China trade talks
(DBN)

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Layoffs:

225 layoffs underway at Camas paper mill
(DBN)

BP to cut 3 percent of its upstream workforce
(DBN)

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Politics:

The princes, the president and the fortune seekers
(DBN)

Trump Says June Summit With Kim 'May Not Work Out' Trump says there's a 'substantial chance' that his scheduled meeting with Kim Jong Un won't happen Jimmy Carter supports President Trump as a potential Nobel Peace Prize winner The Trump-Kim Summit Will Happen Soon or Later or Never
(DBN)

Democrats have plenty of anger, but few good ideas
(DBN)

Pruitt Had Reporters Violently Ejected
(DBN)

Trump's media relations strategy: "discredit" and "demean"
(DBN)

Paul Ryan is losing control of an increasingly chaotic House GOP GOP Measuring Paul Ryan for Cement Shoes
(DBN)

John McCain addresses conspiracy theories about him and the salacious Trump-Russia dossier: 'Anyone who doesn't like it can go to hell' John McCain goes off on Trump in his new book
(DBN)

Democrats' "Better Deal" includes $50 billion to boost teacher pay Betsy DeVos: Teachers deserve better wages
(DBN)

DHS secretary 'not aware' that Intel Community said Russia meddled to help Trump in 2016
(DBN)

Germany: Trump Destroying US World Order
(DBN)

Meet Georgia's First Black Woman Nominated for Governor
(DBN)

Donald Trump reportedly ignores cellphone security measures because he thinks they’re inconvenient Trump Is Doing Same Thing He Demanded Clinton Be Locked Up For
(DBN)

Marco Rubio Defends Colin Kaepernick NFL owners are discussing how to handle players who kneel during the anthem and one radical idea would include 15-yard penalties
(DBN)

A high school math teacher beat the Kentucky House majority leader in stunning GOP primary
(DBN)

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Movie Theaters:

MoviePass’ owner sinks to a new low as financial struggles linger
(DBN)

Insiders say MoviePass is both a blessing and a curse to independent movie theaters
(DBN)

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Travel:

Frontier Airlines jet forced to make an emergency landing after a mysterious odor fills cabin
(DBN)

People have a lot to say about emotional-support animals on planes
(DBN)

6 car rental tips that will save you money and frustration
(DBN)

Expect packed planes as airlines prep for busiest summer ever
(DBN)

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Taxis:

The rise and fall of New York City's 'Taxi King' who reportedly agreed to cooperate with the government as a potential witness against longtime business partner Michael Cohen
(DBN)

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Debt Collection:

Third Circuit Holds Fast on One-Year Statute of Limitations for FDCPA Suits
(DBN)

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Gambling:

Vegas Casino Workers Get Ready to Walk Tens of thousands of Las Vegas casino workers vote to authorize strike
(DBN)

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Tech:

Cambridge Analytica Liquidates Assets, Tells Staff to Vacate London Office
(DBN)

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Retailing:

J.C. Penney tumbles as its CEO heads to Lowe’s J.C. Penney CEO Jumps Ship for Lowe's, Igniting New Crisis for the Department Store Cramer: JC Penney's CEO leaving means the company is doomed
(DBN)

JC Penney's CEO just signaled the end of retail as we know it
(DBN)

Kohl's Stock Slumps After Earnings Call
(DBN)

Target shares sink as earnings fall short, sales hurt by spring weather
(DBN)

Lowe's misses estimates as the long winter hit spring demand
(DBN)

PetSmart names new CEO as pet-store chain grapples with retail disruption
(DBN)

Cleaning up after Toys “R” Us
(DBN)

Billionaire gives up bid to save Toys 'R' Us; says lenders 'out of touch'
(DBN)

Three Major Changes Predicted To Reshape The U.S. Mall In The Next Five Years
(DBN)

Amazon breaks into Fortune 500's top 10
(DBN)

Crisis-hit Steinhoff repays $2.3 billion African debt
(DBN)

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Economy:

Households lose out on hundreds or thousands of dollars due to slow pay gains
(DBN)

American women’s $1 trillion burden
(DBN)

4 in 10 Americans can't fund a $400 emergency expense without borrowing, Fed survey finds Low unemployment not helping economic insecurity
(DBN)

UBS warns there could be an oil price spike to $100 that triggers a US recession Here’s what happens if the oil rally turns into an ‘oil shock’ Traders See Higher Oil Prices In The Long Term
(DBN)

Fed Survey: Americans see brighter economic prospects, but fragility remains
(DBN)

Why the Fed may float new ideas to market in its latest minutes
(DBN)

Rates on US Bonds Now Higher Than for Other Developed Countries
(DBN)

Trump says he will propose new tax cuts before November
(DBN)

Richmond Fed: "Fifth District Manufacturing Firms Reported Robust Growth in May"
(DBN)

US Steel is surging after Mnuchin says the steel tariffs are still on for China Krugman: Why a Trade War With China Isn’t ‘Easy to Win’ (Slightly Wonkish) U.S. and China Edge Toward a Resolution of Trade Standoff The single, most important reason Trump's trade showdowns with China will keep ending in tears In Trade War With U.S., China Gets the Upper Hand A bipartisan group of senators warn Trump not to blow it in trade negotiations with China Trump Almost Always Folds It's too early to say Trump caved on trade negotiations with China The U.S.–China deal to save ZTE Trump: There's no deal with China on ZTE, and I'm not satisfied with trade talks Trump's way of handling Chinese telecom company ZTE is 'very dangerous,' says Sen. Mark Warner Mnuchin says no quid pro quo in ZTE rescue talks Why the US is in a fight with Chinese phone maker ZTE, and why Trump wants to end it America Doesn’t Have The Stomach For Trump’s Trade War Infighting among Trump's top advisers led to a negotiating disaster on the China trade deal The biggest winner from the unfolding US-China trade deal so far is Germany China lowering auto tariffs is no 'breakthrough' in tense trade talks with US China agrees to slash car tariffs — but it's still six times more than the U.S. pays China New Tariffs Won't Help US Automakers Trump’s trade mantra is ‘speak loudly and wave your stick around,’ says investment chief The Winners (and Losers) of the Trump-China Trade Truce 4 reasons slashing the trade gap with China won't boost the U.S. Trump's demand that China cut its US trade deficit by $200 billion defies the laws of economics Deal or no deal, the bilateral trade deficit with China is a phony issue
(DBN)

Trump weighs 10% cuts on EU steel, aluminum exports to U.S.
(DBN)

Mnuchin says European allies will have to comply with re-imposed Iran sanctions
(DBN)

3 Big Risks the US Faces as Debt Levels Soar
(DBN)

The mayors of 2 major US cities blame 2 big factors for Americans' low wages
(DBN)

Inflation is coming to the US economy on an 18-wheel flatbed
(DBN)

The 29 richest countries in the world
(DBN)

Jeff Bezos named his role models, and Jamie Dimon is one of them
(DBN)

Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders Harley Davidson is shutting down a US factory and moving jobs to Bangkok after cashing in on Trump’s tax cut
(DBN)

What the Price of Oil Says About the Economy The increase in oil prices is just beginning Gas hits $5 a gallon in New York City
(DBN)

Tech bubble is larger than it was in 2000, and it's about to pop
(DBN)

How America has gotten worse for working mothers US women are having fewer and fewer babies. In some ways, it’s a sign of progress The historically low birthrate, explained in 3 charts
(DBN)

America is changing demographically. Here’s how your county compares
(DBN)

When it comes to retirement, 60s are the new 50s
(DBN)

CEO Pay Skyrockets To 361 Times That Of The Average Worker At this company, CEO makes 6,000 times a typical worker's pay
(DBN)

Kevin Brady Introduces Welfare Reform Bill
(DBN)

Key findings about American life in urban, suburban and rural areas
(DBN)

Why hunger is still a problem in America Where Americans are going hungry
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations
(DBN)

Economists say homes could go on sale in 2020 — when the next recession hits
(DBN)

Weekly mortgage refinances drop to an 18-year low as rates MBA: Mortgage Applications Decrease in Latest Weekly Survey, Refi Index lowest since December 2000jump
(DBN)

Existing Home Sales: Take the Under for April
(DBN)

"Mortgage Rates Unchanged to Begin Week", Near 7 Year High
(DBN)

Toll Brothers' profit misses estimates due to higher costs
(DBN)

San Francisco's housing market is so out of control that this 385-square-foot studio home is selling for $500,000
(DBN)

Richmond: Hicks denied vacation request; bankruptcy trustee calls Bobby+April sale ‘fraudulent’
(DBN)

Bankruptcy judge approves sale of former Packard Electric buildings to AutoParkit
(DBN)

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Municipalities:

Congressional candidate under fire for saying Puerto Rican evacuees shouldn't vote in Florida
(DBN)

In loosening bank regulation, GOP House closes a loophole linked to Puerto Rico's financial crisis
(DBN)

MBIA sees rejected framework for Puerto Rico settlement as progress
(DBN)

Puerto Rico restructuring stay stalls disabilities act lawsuit
(DBN)

About 14,500 in Puerto Rico still don't have power
(DBN)

Firefighter Earned $300K in Overtime by Working More Hours Than Actually Exist
(DBN)

Moody's upgrades issuer rating, outlook for Detroit, post-bankruptcy high Detroit's junk rating reaches post-bankruptcy high
(DBN)

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Oil/Gas:

Offshore Services Company Harvey Gulf Seeks Court OK to Exit Bankruptcy
(DBN)

Rex Energy to sell its assets in Appalachian Basin
(DBN)

Crude spikes as US ratchets up sanctions on key oil countries
(DBN)

Most of us will be driving electric SUVs
(DBN)

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Personal Finance:

Kevin O'Leary: Here's the age when you should have your debt paid off
(DBN)

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Pensions:

Only cash infusion can save Central States, other multiemployer plans facing insolvency
(DBN)

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Environmental:

FirstEnergy must guarantee nuclear clean up, environmental groups tell feds
(DBN)

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Musical Instruments:

Guitars Are Getting More Popular. So Why Do We Think They're Dying?
(DBN)

Bankrupt Gibson wants to ditch famous Sunset Strip showroom
(DBN)

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Corporate Reform:

Congress just quietly passed the largest rollback of Wall Street regulations since the financial crisis Dodd-Frank overhaul doesn't weaken rules put in place to prevent financial crisis: Barney Frank
(DBN)

Banks Hate Volcker Rule, May be Weakened
(DBN)

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Entertainment:

Trayvon's parents say Weinstein's company owes them $150,000
(DBN)

How the Weinstein Company’s Bankruptcy and Potential Sale Impact Victims
(DBN)

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Food/Beverage:

Sweet for Necco's continued future: 3 new bidders emerge in wafer maker's sale
(DBN)

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Accounting:

PCAOB chief auditor to go
(DBN)

Big Four in US use lucrative audit fee structure
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Discharge:

A Cautionary Tale: Don’t Get Burned by the Bankruptcy Discharge Injunction
(DBN)

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Mediation:

A Mediation Innovation in Italy that Works! Middle Ground between Voluntary and Mandatory
(DBN)

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Ch. 13:

BK CD CA: Important Request from Nancy Curry’s Office re Processing Payments
(DBN)

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Student Debt:

ABI Commission Provides Recommendations For Department Of Education’S Evaluation Of Student Loans In Bankruptcy
(DBN)

More women say they can't afford kids because of their student loans
(DBN)

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Banking:

After tax cuts, more banks are profitable than at any time in the past two decades
(DBN)

FDIC: Fewer Problem banks, Residential REO Declined in Q1
(DBN)

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Newspapers:

Hard Truth at Newspapers Across America: Hedge Funds in Charge
(DBN)

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Autos:

Is Tesla Abandoning the Mass Market? Elon Musk: Tesla Dies with $35,000 Model 3 Unpacking Elon Musk’s daylong Twitter rant on unions and US history
(DBN)

Trustee finalizes settlement in Dusty Old Cars bankruptcy case
(DBN)

Well-known North Texas car dealer files bankruptcy as he faces lawsuit by two investors
(DBN)

Subprime origination level at lowest point in 12 years
(DBN)

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Celebs:

'Housewives' Star Aims To Finish Deal In Bankruptcy Malpractice Action
(DBN)

Judge Slaps Avenatti's Firm With $10M Judgment In Bankruptcy Dispute
(DBN)

'Catwoman,' a Bankrupt New York Socialite, Owes Big Money to Her Lawyers
(DBN)

Most of Garces bankruptcy may proceed, judge rules
(DBN)

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Healthcare:

Bridgeport nursing home raided Union officials: Nursing home in bankruptcy raided by federal agents
(DBN)

Cancer patients are twice as likely to declare bankruptcy
(DBN)

Bankrupt Miami hospital will be sold in auction
(DBN)

GOP Efforts to Undermine Obamacare Will Raise Premiums by $1,000: Report
(DBN)

Uninsured Rate Holds Steady in Trump’s First Year
(DBN)

How banks and law firms make millions from hospital debt
(DBN)

Spending Cuts to Hit Kids' Health Insurance
(DBN)

Why the U.S. never got universal health care
(DBN)

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Education:

Dowling alumni seek to resurrect the bankrupt college
(DBN)

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Television:

Court to hear more arguments in Comcast SportsNet bankruptcy case
(DBN)

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Farming:

Hydroponics supply chain files Ch. 11 bankruptcy following April lawsuit
(DBN)

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UK:

FCA teams up with Insolvency Service to tackle industry misconduct
(DBN)

Since the Brexit vote, the number of Brits becoming German citizens is soaring
(DBN)

Britain’s biggest high-street clothing shop has sounded the death-knell warning for the industry
(DBN)

Sour Notes Sounded In Late Payments?
(DBN)

Brexit Has Already Cost UK £40 Billion
(DBN)

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PIIGS:

Will Italy’s new populist government cause a rerun of the Greek crisis? Italy's populists face setback on their new leader amid scrutiny over his CV
(DBN)

EU warns of euro "spillovers" from Italy problems
(DBN)

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Venezuela:

After Venezuela Strongman's Victory, Isolated Nation Faces Growing Chaos
(DBN)

Venezuelan president expels top US diplomat
(DBN)

Will The U.S. Push Venezuela Into The Abyss?
(DBN)

Regional lender IDB halts new loans to Venezuela on payment delays
(DBN)

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India:

Unable to send daughter abroad, debt-ridden man shoots family
(DBN)

IBC: Hope floats, but long way from perfection
(DBN)

Cabinet approves Ordinance amending insolvency law Good news for homebuyers! To be treated at par with banks, financial creditors as Cabinet OKs changes to IBC
(DBN)

In fear of insolvency, 2,100 companies clear bank dues worth Rs 83,000 crore
(DBN)

In just three months, India’s state-run banks have already posted $6 billion in losses
(DBN)

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Mexico:

Mexican truckers travel in fear as highway robberies bleed economy
(DBN)

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China:

China needs to solve its air-conditioning problem if it wants to be the world’s climate-change leader
(DBN)

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Singapore:

Troubled firms wait too long to restructure and bounce back: lawyer
(DBN)

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Malaysia:

1MDB ' insolvent ', unable to service its debt: Lim Guan Eng
(DBN)

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France:

Carven Goes Into Receivership
(DBN)

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Germany:

German Federal Court (BGH) bolsters creditor's rights in debtor in possession proceedings by ruling on director's liability vis-à-vis creditors
(DBN)

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Australia:

A widening gap between house prices and incomes could spell danger for borrowers
(DBN)

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