November 19, 2018

The Daily Bankruptcy News

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Law:

How Law Firms Are Preparing For The Next Recession
(DBN)

Judge dismisses whistleblower lawsuit against ABA and Charlotte School of Law
(DBN)

Warren Protege Joins Hill Bankruptcy Professor Club Congratulations to Congresswoman-Elect Porter!
(DBN)

Joseph L. Schwartz: Jersey Boy
(DBN)

Most Law Firms' Cybersecurity Not Up To Par As Risk Grows
(DBN)

New Partners Don't Know What to Expect After Promotion, Survey Shows
(DBN)

Weil Now Lets Associates Work From Home Weekly
(DBN)

ABA legal ed council sends bar-passage standard back to House of Delegates
(DBN)

Nearly Six in 10 Failed California's July 2018 Bar Exam
(DBN)

The Best Law Schools For Women (2019)
(DBN)

Georgetown Law Prof's Injunction Against Antagonist Website Tossed
(DBN)

Litigation Down But Regulatory Proceedings on the Rise
(DBN)

Pillsbury Is Latest Big Firm to Establish New Position Focused on Diversity
(DBN)

The Fax Is Not Yet Obsolete
(DBN)

The Legal Mental Health Crisis Hits Home
(DBN)

'Inhumane:' Big Law Dysfunction Through a Therapist's Lens
(DBN)

Yale Law School Alum And Author Gretchen Rubin On Mental Health, Clerking For Sandra Day O’Connor, And Our Highest Aims
(DBN)

Dewey Drama Takes Unexpected Twist With Ex-CFO's Jailing Ex-Dewey CFO Leaves Jail After Greenspoon Marder Pays $1M Fine, Lawyer Says
(DBN)

Biglaw Firm Reacts After Widow Blames Them For Husband’s Suicide
(DBN)

This Is What You Need For Success
(DBN)

Networking Is Really In The Notes
(DBN)

Tracing The Roots Of A Biglaw Firm
(DBN)

In-House Compensation Report: Top 30 Money-Earners
(DBN)

Fierce Partisan Climate Prompts Campaign Attorneys to Exit Firms
(DBN)

Trump: I 'just finished' answering written questions from Mueller but haven't submitted them yet Mueller Promises More Details on Manafort Case in 10 Days Trump: Won't Stop AG from Curtailing Mueller
(DBN)

Trump Lawyer Rudy Giuliani’s Mysterious Ties to Russia
(DBN)

Avenatti's Law Office Evicted from Building
(DBN)

Is Whitaker AG Pick Even Legal? Whitaker appointment dispute reaches Supreme Court Justices Urged to Review Whitaker's Appointment as Acting Attorney General
(DBN)

Trump Administration a ‘S------- in a Dumpster Fire,’ Says George Conway About Turning Down Justice Department Appointment
(DBN)

Migrants Adopt Tactic for U.S. Entry: Come as a Family Texans Outraged Over Tent Cities for Migrants
(DBN)

Mark Meadows, Ruben Kihuen sanctioned over harassment-related allegations
(DBN)

Judge Grants CNN's Motion to Restore Jim Acosta's White House Press Pass Why Jim Acosta Got His Pass Back 'A sword hanging over our heads': Trump discovers new weapon against media
(DBN)

Supreme Court says it will hear 2020 census case, setting up showdown over citizenship question
(DBN)

NY Atty Pleads Not Guilty To Fatally Shooting Daughter's Mom
(DBN)

White Supremacist: Mail Bombs a Dry Run Authorities find rocket launcher, pipe bombs during raid on Florida white supremacist gangs New database tracks the prosecution of right-wing extremists White Supremacists Papering North Texas
(DBN)

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Judges:

Sotomayor: Kavanaugh Part of  Our Family
(DBN)

Sen. Chuck Grassley opts for finance chair, sets up Sen. Lindsey Graham to lead Judiciary Committee
(DBN)

Judge’s Facebook friendship with lawyer doesn’t necessarily require recusal, says Florida top court FL High Court Gets 'Like' From Attorneys On Facebook Decision
(DBN)

Justice Kagan’s Favorite Movie Proves She’s Just Like Us
(DBN)

A Look Inside The Conservative Judge-Making Machine
(DBN)

Justice Kennedy Warns Of 'Vulgar' Culture Embracing 'Trash'
(DBN)

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Wall Street:

US stocks set for slightly higher open amid conflicting signals over global trade tensions U.S. Stocks Poised to Start the Week Lower
(DBN)

Stocks post steep weekly losses as Facebook, Amazon and Apple shares struggle
(DBN)

These people have been buying up stocks faster than anyone since 1989
(DBN)

Stocks just saw the best earnings season since the financial crisis, and nobody cares
(DBN)

Survey: Wealthy investors think the bull market is coming to an end, but they don't blame politics
(DBN)

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Layoffs:

Delta contractor lays off 320
(DBN)

Sanofi cutting 160
(DBN)

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Advisers:

Jay Alix on restructuring, education and Broadway
(DBN)

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Electricity:

PG&E Stock Rises as Regulator Mulls Utility’s Future Regulator 'stunned and terrified' after causing PG&E stock surge The Bottom Line Is California Won't Allow PG&E To Fail PG&E Soars After Regulator Eases Concern On Bankruptcy Risk California’s top utility regulator says PG&E bankruptcy not a worry, but fires are a ‘s--- pie’
(DBN)

PG&E reports another outage on the morning when California Camp Fire started
(DBN)

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Bicycles:

New Chapter 11 Bankruptcy Filing - Advanced Sports Enterprises Inc. ASE, owner of Performance Bicycle and ASI, files for Chapter 11 Performance Bicycle Parent Files For Bankruptcy
(DBN)

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Politics:

Republicans had a secret weapon in the Florida recount fight Republican Brian Kemp is the apparent winner in Georgia governor's race, defeating Stacey Abrams Abrams Campaign to Push for New Election in Georgia Stacey Abrams says Brian Kemp will beat her in the Georgia governor's race, but calls his 'voter suppression' tactics 'appalling' Abrams plans to run again Rick Scott defeats Bill Nelson for Florida Senate seat after tense recount Trump: Gillum will be 'force to reckon with' Democrat wins CA Congressional race, shutting GOP out of Orange County for the 1st time in decades
(DBN)

‘I won against President Obama and Oprah Winfrey’: Trump still sees silver lining in midterms Trump Says Of Midterm Losses, 'My Name Wasn't On The Ballot'
(DBN)

CNN Host: Trump Facing 'R----- Exam' From Democrats
(DBN)

Trump Calls Adam Schiff "Little Adam Schitt"
(DBN)

Defeated Republicans Scramble to Pass Unpopular Laws
(DBN)

Republican haven no more, Orange County, Calif., goes all blue in House races
(DBN)

Trump FactCheck: "If you buy, you know, a box of cereal, if you do anything, you have a voter ID. … The only thing you don’t is if you’re a voter of the United States."
(DBN)

Report: Trump Asking if Pence Still Loyal
(DBN)

McRaven Reiterates Defense Of Free Press After Trump Jab Gen. Barry McCaffrey calls Trump’s attack on retired Navy SEAL ‘simply outrageous’ Retired lieutenant general tears into Trump over attacks against Navy SEAL: 'Disgusting'
(DBN)

$20 Million to Protect an Education Secretary?
(DBN)

Melania Spent $174,000 On Toronto Day Trip
(DBN)

Left-Wing Protests Are Crossing the Line
(DBN)

Colorado, Ohio No Longer Swing States
(DBN)

Trump tells 'Fox News Sunday' he is considering changes in '3 or 4 or 5' Cabinet positions Trump Signals a Personnel Shakeup Trump says he’s dissatisfied with Kristjen Nielsen, open to John Kelly moving on
(DBN)

“I Don’t Know How You Recover from That”: The Cruel, Unusual Fate of Mira Ricardel
(DBN)

Fox News host Chris Wallace says Trump is seen as a 'beacon for repression' as they get into a heated back-and-forth over fake news
(DBN)

Trump says he won't attempt to amend the Constitution to win a 3rd term despite previous praise of abolished Chinese term-limits
(DBN)

Gorka: John F. Kennedy wouldn't be allowed in today's Democratic Party
(DBN)

KS: Official Claims He's Part of Master Race Gov. Colyer urges Leavenworth county commissioner to resign after ‘master race’ comment
(DBN)

Slavery played a ‘central role’ in the Civil War, Texas students will be taught 153 years later
(DBN)

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Climate:

Calif. Lawyers Battle Wildfires as They Prepare Lawsuits: 'We Were at Ground Zero' First, Wildfires. Then What? Securities Litigation, Of Course 'What Took A Lifetime To Accumulate ... Was Incinerated In Minutes' More Than 1,000 People Missing Camp Fire Evacuees Face Bleak Choice—Norovirus or Smoke As Camp Fire Overtook Paradise, Many Were Gridlocked or Never Got Warning, Reports Say Trump Tours Fire Ravaged Paradise A Deadly Tsunami of Fire Trump Can 'Kiss My Red A--,' Wildfire Evacuee Says 'SNL' Mocks Trump's Wildfire Statements California Rain Could Trigger Mudslides
(DBN)

Raging Wildfires Bring Concerns of Legal Fraud in California
(DBN)

Finnish president denies ever discussing ‘raking’ with Trump Trump in California and Again Blames Forest Management
(DBN)

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Economy:

NY Fed Q3 Report: "Total Household Debt Rises for 17th Straight Quarter"
(DBN)

What will cause the next recession? Gary Shilling explains why it could be the Fed
(DBN)

As Wall Street gets less bullish, one veteran investor downgrades his outlook on the US economy
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Growth Edged Higher" in November
(DBN)

Debt-Market Slowdown Troubles Investors
(DBN)

The White House should challenge the Fed's rate hike rationale
(DBN)

Industrial Production Increased 0.1% in October
(DBN)

American CEOs don't see US economic slowdown yet, says head of executive group
(DBN)

Coming: Never Being Able to Retire Again
(DBN)

Trump's landmark trade deal with Canada and Mexico is suddenly in trouble Now is the chance for America to strike free trade deal with Britain US-China Trade War: Oh, It's On
(DBN)

Cramer blasts the Fed: 'I know more than they do' — they must do more homework on the economy
(DBN)

Trump says China wants to make trade deal, but White House officials warn no sign of pact soon Trump: We May Not Put More Tariffs on China China, EU Growing Sick of US Financial Power Tariffs Guzzling Profits, Beer Industry Group Says US, China in Fiery Clash at APEC Meeting APEC summit ends in disarray as U.S.-China trade tensions dominate Pence: No End to Tariffs Until China Bows Trump: We May Not Put More Tariffs on China After the US and China's weekend clash, all eyes shift to Trump and Xi's next meeting
(DBN)

'I Was Hoping to Be Retired': The Cost of Supporting Parents and Adult Children
(DBN)

The next capitalist revolution
(DBN)

Trump: Good Time to Shut Gov't Over Wall
(DBN)

Amazing Facts From Failed Pentagon Audit
(DBN)

Mulvaney Wants Commerce Secretary Gig
(DBN)

Blue State GOP Embraced Tax Cuts: Cost Them
(DBN)

The economy will knuckle under if firms become tight-fisted. So watch this number
(DBN)

Power outages and bank runs: Here are the 'cyber 9/11' scenarios that really worry the experts
(DBN)

Bernie FactCheck: taxpayers "subsidize Walmart’s horrendously low wages to the tune of at least $6.2 billion every year."
(DBN)

Sounding the Alarm on Leveraged Lending
(DBN)

Taxes don’t have to be so complicated. Why does the US refuse to learn from other countries?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Cramer says 'the housing sector's a disaster,' knocks the Fed as ignoring the data
(DBN)

Existing Home Sales for October: Take the Over Early Read on Existing Home Sales in October
(DBN)

Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it's good
(DBN)

Judge postpones auction of Palm House to consider whether to allow a lender to bid
(DBN)

NY: Singh property going to bankruptcy auction
(DBN)

Phoenix Real Estate in October: Sales down 1% YoY, Active Inventory down 5% YoY
(DBN)

Rent prices fall for second month in a row
(DBN)

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Municipalities:

Proskauer Tops Firms Asking $105 Million in Puerto Rico Case
(DBN)

Puerto Rico Religious Leaders Criticize Debt Plans and Negotiations
(DBN)

New York, Virginia taxpayers to cough up $3.4 billion for Amazon HQ2
(DBN)

Muni Lowdown
(DBN)

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Oil/Gas:

Saudis Slash Oil Shipments to US
(DBN)

Oil Price Collapse an Economic Warning? What The Oil Price Collapse Says About The Economy
(DBN)

US Adds Oil Rigs for Fifth Out of Sixth Weeks
(DBN)

McDermott & Weatherford Deep Dive
(DBN)

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Awards:

Former chief judge of U.S. Bankruptcy Court in Maine and Bernstein Shur attorney receives highest professional honor
(DBN)

The Hon. Thomas L. Ambro Fellowship Criteria for Selection of Summer Scholarship Recipient
(DBN)

2018 TMA Awards
(DBN)

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Healthcare:

Bankrupt company has sale plans for 3 Mississippi hospitals
(DBN)

New Delaware Chapter 11 Filing – Oklahoma ProCure Management, LLC
(DBN)

CA: Residents face eviction after federal lawsuit shuts down state’s largest sober living provider
(DBN)

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Conglomerates:

GE, once America's most valuable company, flirts with a junk rating—and is 'running out of time' Four Ways GE’s Crisis Could Play Out GE Pensioners And Stockholders Contemplate The Unthinkable
(DBN)

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Travel:

Airlines cancel thousands of flights after winter storm Avery surprises East Coast Rare November snowstorm wreaks havoc on commutes
(DBN)

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Student Debt:

He just had $135,000 in student loans forgiven. Here's how he did it.
(DBN)

Student Debt Onus Approaching $1.5 Trillion: Demographic Trends
(DBN)

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Newspapers:

JPI Media moves to keep former ‘Johnston Press’ running Johnston Press: rescue plan for Scotsman newspaper group Shareholder slams Johnston Press rescue plan as pensions put at risk
(DBN)

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Marijuana:

Canadian pot companies came up way short on sales expectations. So what happened?
(DBN)

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Autos:

Nissan to remove Carlos Ghosn as chairman, citing ‘acts of misconduct’ Nissan chairman Ghosn to be dismissed for financial misconduct
(DBN)

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Bankruptcy Crimes:

Boulder spinal surgeon asks for reduced sentence in bankruptcy fraud case
(DBN)

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Coal:

Bankruptcy auction set for Rosebud Mine
(DBN)

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Pensions:

PBGC’s Single-Employer Program Records First Surplus Since 2001 - Multiemployer . . . Not So Much
(DBN)

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Maritime:

An $8 Billion Payout From Maersk Raises Questions for Creditors
(DBN)

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Taxis:

Uber Can't Make Money, Worth Untold Billions
(DBN)

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Hotels:

South Beach hotel owner, funded by EB-5, files Chapter 11
(DBN)

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Food/Beverage:

New Chapter 11 Bankruptcy Filing - Cafe Holdings Corp.
(DBN)

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Religion:

Diocese of Winona-Rochester to file for bankruptcy after abuse claims
(DBN)

Number Of Witches Rises Dramatically Across U.S.
(DBN)

Dems Propose New House Rules, Allowing Incoming Muslim Congresswoman to Wear Headscarf
(DBN)

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Personal Finance:

Watch out for these 10 ‘retirement killers’
(DBN)

Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings
(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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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 Statistics:

History of the World Largest Financial Losses in 1972-2018
(DBN)

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Avoidance Actions:

Delaware Court Holds Chapter 7 Trustee Can Sell Avoidance Claims
(DBN)

Knowing Your Customers Can Help You Avoid Losing Money If One of Them Declares Bankruptcy
(DBN)

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Exemptions:

Subtle Difference Between “Deemed Exempt” versus “Claimed Exempt” — Just Because Schedule C Lists the $100 in Bank Account Does Not Mean Debtor Can Immediately Use It
(DBN)

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Involuntary Bankruptcy:

Court Holds that Holders of Nonrecourse Debt Do Not Have Standing to File Involuntary Bankruptcy Petition
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Priorities:

Did 'Jevic' Doom Future Chapter 11 Recovery Efforts by Unsecured Creditors?
(DBN)

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Cryptocurrency:

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy
(DBN)

Wall Street's crypto bull Tom Lee slashes year-end bitcoin price forecast nearly in half
(DBN)

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Banking:

Wells Fargo: You Can’t Sue Because You Should Have Known We Mislead You
(DBN)

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Retailing:

David’s Bridal expected to file for Chapter 11 bankruptcy as part of ‘financial restructuring plan’ What David's Bridal's bankruptcy plan means for worried brides
(DBN)

Retailers Are Cutting Costs When They Should Be Spending to Survive
(DBN)

After Declaring Bankruptcy And Closing 142 Stores, Sears Asks Court To Approve $19M In Bonuses For Executives Judge may have given Sears one last shot to save itself Sears judge skewers hedge fund on motive for opposing survival plan Sears/Kmart Store Closings Should Spur New Economic Activity
(DBN)

Amazon.com's Eventual Bankruptcy: Why Companies Should Define Their Demise Do Big Businesses Die Young? Fact-Checking Jeff Bezos Jeff Bezos Says 'Amazon Is Not Too Big To Fail.' He's Right
(DBN)

JCPenney fighting serious losses to avoid bankruptcy
(DBN)

Yalies Lampert and Freidheim Square Off in Bankruptcy Court
(DBN)

No more 'contamination' from Toys R Us bankruptcy, says Asia chief
(DBN)

Florida sues Walgreens, CVS over opioid sales
(DBN)

Who Will Win The 2018 Holiday Season?
(DBN)

Rue21’s CEO Exits After Five Months on Job
(DBN)

Turnarounds: Key Considerations in Distressed Retail Engagements
(DBN)

Financing Techniques to Enhance Creditors’ Protections in Retail Bankruptcy Cases
(DBN)

Double Trouble: Issues Arising from Split ABL/Term Loan Collateral Silos
(DBN)

Retail Bankruptcies: Threading the Needle in a Tattered Industry
(DBN)

Balancing Tangible, Intangible Asset Values in Chapter 11 Retail Restructurings
(DBN)

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Tech:

Apple’s Tim Cook says tech regulation is ‘inevitable’
(DBN)

Palantir Knows Everything About You
(DBN)

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UK:

Creditors Could Miss Out On Debt Recovery As Taxman Goes To The Front Of The Queue
(DBN)

Companies Start to Sweat Prospect of No-Deal Brexit as Deadline Looms Brexit: Planning for after a ‘Black Swan’ Event Former Brexit secretary: Prime minister's deal takes away all economic benefits of EU divorce The Men Who Want to Push Britain Off a Cliff The Brexit Deal Won't Destroy Britain Compromise or Brexit: Road to Destruction New Evidence: Bannon's Role in Brexit Tories and Brexit: The Fantasy is Finished Why the Brexit Deal Will Fail UK Needs a Second Vote Over Brexit Rates pain compounds UK banks’ Brexit misery Banks and money managers plan for the hardest possible Brexit Chaos Erupts in London Over Brexit Deal
(DBN)

Brexit, Insolvency, and Restructuring in the U.K.
(DBN)

Brexit chaos continues as UK's Theresa May warns against a leadership change May - Getting rid of me risks delaying Brexit
(DBN)

Katie Price saves some cash as she shops at Poundland after dodging bankruptcy
(DBN)

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EU:

The End of the Euro Closer Than You Think
(DBN)

Macron: EU United Will Prevent Global Chaos
(DBN)

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PIIGS:

Troubled Greek jeweler Folli Follie seeks bankruptcy protection
(DBN)

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Canada:

Are Bankruptcy Rates In Canada Going To Rise?
(DBN)

Energy CEOs are at their wit’s end in Canada
(DBN)

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MENA:

Netting Law allows settlement of qualified financial contracts
(DBN)

CIA concludes Saudi crown prince ordered Khashoggi murder: report Graham: Saudi Prince Did It Trump: CIA Premature to Blame Saudi Prince Trump's Private Line on Khashoggi Murder A huge question looms over Trump after the CIA reportedly concludes the Saudi crown prince ordered Jamal Khashoggi's killing Trump Won't Listen to Khashoggi Recording Trump Obfuscates Facts on Khashoggi Murder Khashoggi's Remains Taken Out of Turkey in Luggage
(DBN)

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India:

From insolvency process to temporary staff, here are the key court orders
(DBN)

MSMEs facing liquidity crunch seek cheaper funds, leniency on bad loans
(DBN)

Supreme Court on the Applicability of the Limitation Act to Insolvency Proceedings
(DBN)

From time to time, govt is providing support to Air India: Choubey
(DBN)

Debt-ridden farmer commits suicide
(DBN)

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France:

Tax Protests Block Major Roads
(DBN)

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China:

China’s Unprecedented Private Sector Rescue
(DBN)

Brace for corporate defaults as Chinese firms with dollar debts are 'under increasing pressure'
(DBN)

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Turkey:

Top Turkish construction firm granted bankruptcy protection
(DBN)

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Georgia:

Solving Insolvency
(DBN)

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Norway:

Defaulted Nordic power trader reaches agreement with creditors
(DBN)

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Nepal:

Is Nepal falling into a Chinese debt trap?
(DBN)

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