December 19, 2019

The Daily Bankruptcy News

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Law:

Want to Work at This Firm? First Take This Psychological Test
(DBN)

The Happiest Time Of The Year: Bonus Time!
(DBN)

Who Teaches Bankruptcy Law?
(DBN)

Why Your Invoices May Be Killing Your Business
(DBN)

Percentage of black associates in large firms finally tops 2009 level, but not by much
(DBN)

How ALSPs Can Gain a Competitive Edge With Law Firms
(DBN)

BigLaw firms approve ‘merger of equals,’ creating Faegre Drinker FaegreBD, Drinker Biddle to Merge Creating $950M Revenue Firm
(DBN)

Obama Says Women Are Better Leaders. No Pressure.
(DBN)

Fox Rothschild Fires Lawyer Accused of Repeated Harassment, Assault Fox Rothschild Lawyer Out After Sexual Harassment Complaint
(DBN)

That Invention No Lawyer Can Do Without
(DBN)

Have You Had A Good Cry Lately?
(DBN)

‘Sales’ Won’t Always Be a Dirty Word for Big Law Firms
(DBN)

Partners Sometimes Steal Clients From Associates
(DBN)

The First Supreme Court Clerk To Really Make It Big
(DBN)

Stanford Law School ‘Deplorable’ Has Some Thoughts, Misspellings
(DBN)

How Should Laws Address Artificial Intelligence, Climate Change, The Gig Economy, And Student Loans In The Next Decade?
(DBN)

Rise of the ‘Platform’ Slated to Drive 2020 Legal Tech Deals
(DBN)

A judge dismissed New York's criminal case against Paul Manafort, clearing the way for a Trump pardon
(DBN)

George Conway Willing To Spend Big To Make Sure His Wife Loses Her Job ‘Never Trump’ super PAC raises over $400,000 on strength of impeachment day donations
(DBN)

Source: Jeffrey Epstein considered marrying ex-girlfriend's daughter Jeffrey Epstein Once Planned to Marry His Goddaughter Epstein's Suicide Attempt Video Missing
(DBN)

SCOTUS to Decide Whether 'Religious Liberty' Means Religious Schools Can Fire Teachers Any Time They Want
(DBN)

Inspector general: FBI should have re-assessed whether to continue investigating former Trump adviser Carter Page
(DBN)

Sheriff's Deputy Allegedly Burglarized Homes While People Were Attending Funerals
(DBN)

Innovation eliminates obstacles to billable time :)
(DBN)

Woman’s wrong-number call to DA’s office leads to a special gift
(DBN)

Law School Professor Appears On Jeopardy! Tonight… She’s Pretty Sure She Didn’t Do Anything Embarrassing
(DBN)

Ex-Freshfields Lawyer Can Be Released From Jail in Cum-Ex Probe
(DBN)

Attorney Suspended for Submitting Fake ABA Meeting Receipt
(DBN)

Judge Slaps Down GOP Megadonor Accused of Waging Campaign of ‘Legal Sadism’
(DBN)

Trump administration proposal would deny asylum to immigrants convicted of low-level crimes
(DBN)

High schoolers disciplined for wearing white robes and a hood on 'Spirit Day'
(DBN)

In Virginia, prosecutors are seeking indictments against Park Police officers in fatal shooting of Bijan Ghaisar
(DBN)

Is Judaism an ethnicity? A race? A nationality?
(DBN)

Conservative radio host wishes for a 'nice school shooting' to distract from impeachment
(DBN)

Wedding-crashers were kicked out, then came back and killed the groom, police say
(DBN)

He waged a three-year 'crusade of harassment' on a family. It started with a handicap parking spot.
(DBN)

Warrant Not Always Needed for Surveillance
(DBN)

Lawyer Just Starts Rapping In Court — ‘I’m Going To Jail. Smh.’
(DBN)

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Judges:

David D. Cleary appointed to a 14-year term as United States Bankruptcy Judge for the United States District Court for the Northern District of Illinois
(DBN)

Courthouse Playroom Helps Youngsters Share American Dream
(DBN)

Ginsburg Once Tangled with Donald Barr, Father of Attorney General William Barr
(DBN)

Lawyer who allowed client to write appeals brief is sanctioned for ‘incoherent’ document
(DBN)

Trump is not a lawyer - Ruth Bader Ginsburg
(DBN)

Chief Justice John Roberts will play a starring role in Trump’s impeachment trial in the Senate
(DBN)

While the House Impeaches, the Senate Will Confirm 13 More Trump Judges
(DBN)

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Wall Street:

US futures point to slightly higher open after Trump is impeached by the House
(DBN)

U.S. Stocks Stumble Into Close Amid Impeachment
(DBN)

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Layoffs:

'Toys 'R' Us Bill' Sizes Up Prelayoff Notice, Severance Pay
(DBN)

Hundreds of California freelancers have been fired before the holidays due to a state law meant to help Uber and Lyft drivers
(DBN)

Short-staffed at factory? Robots for hire
(DBN)

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Pharma:

Opioid executive Kapoor deserves 15 years in prison, U.S. says
(DBN)

Akorn's stock extends plunge toward record low after disclosing it was exploring a bankruptcy
(DBN)

U.S. sues CVS for fraudulently billing Medicare, Medicaid for invalid prescriptions
(DBN)

Teva Avoids Bankruptcy
(DBN)

Trump administration unveils plan to allow states to buy cheaper drugs from Canada
(DBN)

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Student Debt:

Status of Federally Managed Student Loans (As of June 30, 2019)
(DBN)

A personal finance app wants you to give student loan payments as holiday gifts — and it's part of a disturbing trend of dystopian gimmicks in corporate America
(DBN)

With Student Loan Debt at an All-Time High, Proposed Solutions Range from Bankruptcy Code Changes to Forgiveness
(DBN)

What do subprime mortgages and student loans have in common?
(DBN)

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Delivery:

FedEx burns $3.5 billion in market value after a brutal earnings report
(DBN)

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Utilities:

Sixth Circuit Affirms Bankruptcy Courts’ Jurisdiction over Rejection of Energy Contracts, Subject to Certain Constraints
(DBN)

The Sixth Circuit Shifts Some Power from the Bankruptcy Court Back to FERC in Determining Whether Rejection of Power Purchase Agreements Is Appropriate
(DBN)

PG&E and Newsom Clash Over a Clause Allowing State Takeover
(DBN)

PG&E submits multi-party proposal for California wildfires
(DBN)

PG&E reaches $1.7 billion deal with regulators
(DBN)

PG&E Analyst Says Timing Of Potential Payouts Remains Important Detail
(DBN)

Final Showdown: PG&E at the Brink of Nuclear Bankruptcy
(DBN)

What’s Next For PG&E?
(DBN)

Deadline Approaching for Filing Fire Claims in PG&E Chapter 11 Cases
(DBN)

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Coal:

Peabody Energy And Coal In 2 Alternate Universes
(DBN)

Conservation Groups Concerned About Cleanup Costs For Bankrupt Blackjewel Coal
(DBN)

Lawmakers eye AG help on bankruptcies
(DBN)

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Telecoms:

Deadline given for Windstream plan
(DBN)

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Retailing:

L Brands downgraded as changing tastes present 'significant risk'
(DBN)

Poor inventory management weighs down the apparel industry
(DBN)

More than 9,300 stores closed in 2019
(DBN)

27 brick-and-mortar retail chains that we lost in the past decade and 3 that are coming back
(DBN)

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Autos:

DOJ intervenes in Faraday Future founder’s bankruptcy after ‘dishonest behavior’
(DBN)

After century of history, last GM truck rolls off the Oshawa line
(DBN)

Is GM Giving Up on Worldwide Sales?
(DBN)

Car2Go Shuts Down in North America
(DBN)

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Economy:

NY Fed’s Williams says it would take a ‘material’ change in economy for Fed to adjust stance
(DBN)

The Fed should be careful when it wishes for more inflation
(DBN)

Fed’s Williams says repo operations working well and should stay in place ‘just as long’ as needed
(DBN)

Industrial Production Increased Slightly in November
(DBN)

Recession probability is dropping, Buildfax says
(DBN)

'The most anti-capitalist idea I could ever dream up': Billionaire investor Stanley Druckenmiller unloads on Trump's desire for negative interest rates
(DBN)

The Pessimism of Harvard Business Alumni
(DBN)

Report: Harvard business leaders pessimistic about the US competing globally and improving workers' living standards
(DBN)

How much American grocery staples like bread, bacon, and coffee cost now versus 10 years ago
(DBN)

China corporate debt flagged as 'biggest threat' to global economy
(DBN)

American millennials may be behind financially, but one chart indicates that Gex X could be in for an even more brutal awakening when it comes to their wealth
(DBN)

A $10 trillion debt burden coming due one day could hit the stock market and Amazon, UBS proposes
(DBN)

Uncertainty remains on Wall Street about China-US phase one agreement: ‘More trade truce than deal’ China announces new tariff exemptions for US chemical and oil products
(DBN)

Teamsters Union Supports Improved USMCA Carmakers Will Pay $3Bn in NAFTA 2.0 Tariffs
(DBN)

10 simple charts that show the wild ways America has changed since 2010
(DBN)

Women won't see equal pay for another 257 years, report says
(DBN)

The thing that freaked everyone out about a recession is now moving in the opposite direction
(DBN)

Boeing’s decision to halt 737 Max production set to reduce first-quarter GDP growth
(DBN)

Struggling with credit card debt? Wealthy Americans and Gen Xers are, too
(DBN)

The No. 1 highest paid, most in-demand jobs in every U.S. state for 2019
(DBN)

America Squandered Major Economic Recovery
(DBN)

Is Your Job Shrinking or Growing?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Can the chapter 13 debtor modify their home loan? Sometimes says the 4th Circuit.
(DBN)

Fannie Mae boosts 2020 housing forecast ‘significantly’
(DBN)

Lawler: Early Read on Existing Home Sales in November
(DBN)

Phoenix Real Estate in November: Sales up 7.0% YoY, Active Inventory Down 20.7% YoY
(DBN)

AIA: "Architecture Billings Index continues to show modest growth"
(DBN)

WeWork sets up a $1.75 billion credit line with Goldman Sachs as part of its massive bailout package
(DBN)

The 15 luxury real-estate markets around the world that are growing the fastest
(DBN)

Sears Distribution Center Sells for $70M After Avison Overcomes Bankruptcy Issues
(DBN)

Miami Beach condo-hotel units placed into bankruptcy
(DBN)

7th Cir. Reduces Punitive Damage Award Against Mortgage Servicer by Over 80%
(DBN)

World’s biggest banks paying $386 million to settle allegations of price-fixing Fannie Mae, Freddie Mac bonds
(DBN)

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Municipalities:

Trump personally stepped in to cut Medicaid spending on Puerto Rico in budget deal, new report says
(DBN)

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Oil/Gas:

Oil industry looks forward to more mergers—and more bankruptcies
(DBN)

The U.S. shale slowdown hits Texas jobs Texas Is Already Feeling The Shale Slowdown
(DBN)

The US oil industry shook up the world energy order, and now it’s shaking out
(DBN)

Former Walker advisor buys bankrupt Furie for $15M
(DBN)

McDermott stock rallies to return back above $1 per share
(DBN)

Arguments Against EVs are Running on Empty
(DBN)

$100 Oil Still Crux of Some Service Company Business Models
(DBN)

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Municipalities:

Puerto Rico Utility Restructuring Hearing Postponed
(DBN)

A Florida district’s short-lived bankruptcy case comes to an end
(DBN)

A look at broken Detroit, after bankruptcy and job losses
(DBN)

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Aviation:

Photo of 100 partially built Boeing 737 Max shows why production halted
(DBN)

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Tech:

This 5-year-old reportedly makes $18 million a year from YouTube An 8-year-old boy is making $26 million a year on YouTube reviewing toys
(DBN)

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Trucking:

Here’s What the Trucking Industry Could Learn From Airlines
(DBN)

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Politics:

House of Representatives Votes to Impeach President Donald Trump 'Enemy to the Rule of Law': House Impeaches Trump, and Senate Braces for Trial Trump has been impeached by the House. Here’s what happens next Legacy moment: Pelosi leads 'somber' Trump impeachment 4 takeaways from Trump's impeachment And Now He is in Our History Books Forever Presidential Scholar: How History Will Judge the Trump Impeachment In an endless fight, a momentous vote turns into just another moment Trump is impeached and joins the 'losers' of presidential history House counts down the final hours to historic Trump impeachment vote Trump's defenders have an awfully selective appreciation for Constitution Some Compared Trump's Impeachment to Pearl Harbor, Crucifixion of Christ "He gave us no choice": Pelosi opens House debate on Trump impeachment Lindsey Graham: ‘I’m not going to entertain calling witnesses’ in Trump’s Senate trial Lindsey Graham calls on Rudy Giuliani to testify after vowing to block appearances from other witnesses Graham Warns Giuliani: Better Be Right Trump takes to Twitter on impeachment day Schiff Says Pence May Be 'Purposefully Misleading' Congress About Conversation with Zelensky President Sends Pelosi the ‘Written Version of a Trump Rally’ on Eve of Historic Vote A solid majority of Americans think Trump should be impeached and removed from office, new Insider poll shows The impeachment hearings could have a lasting positive effect on America's diplomatic corps 'We are all mad': Trump, White House fume as House debates impeachment The apocalyptic worldview hidden in Trump's letter to Pelosi GOP Unhappy with Trump Ranting Letter The impeachment drama has shown how broken Congress is, and Trump is taking full advantage "It is not a day of joy": Rep. John Lewis gives emotional speech on impeachment Trump plays Christian card as impeachment looms The road to Trump's impeachment AP Analysis: Impeachment forever changes Trump's legacy CNN Anchor Resurfaces Interview of Trump Praising Pelosi, Saying Bush Should Have Been Impeached House Democrats' drama on delivering Trump's impeachment articles Inside Trump's split-screen impeachment History collides with Trump Impeachment is different this time, but the script is already written
(DBN)

Pelosi threatens to delay Trump impeachment trial in bid to pressure McConnell Senate will hold impeachment trial, but what it will look like remains uncertain
(DBN)

Warren endorsed by hundreds of former Obama staffers
(DBN)

Joe Biden holds lead over Democratic rivals in 2020 presidential primary race: NBC/WSJ poll
(DBN)

Federal Lawsuit Seeks to Stop Wisconsin from Purging 234,000 Voters Ahead of 2020 Election
(DBN)

Poll: Impeached or not, Trump leads his Democratic rivals for another term
(DBN)

In Defeat for NRA, Congress Backs Funding to Study Gun Violence
(DBN)

Critics slam Trump for suggesting late congressman John Dingell is in hell
(DBN)

Mark Meadows, close ally of Trump, to retire from Congress
(DBN)

Everything Carly Fiorina Feared Happened
(DBN)

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Travel:

A JetBlue passenger carried on his pet opossum. On their return leg, they were kicked off.
(DBN)

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Distressed Investing:

These Are the Trades That Gutted Bonuses This Year
(DBN)

What Does a Junk Bond Even Mean Anymore?
(DBN)

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Banking:

Trends in Bank Vulnerability Since 2002
(DBN)

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Cannabis:

Crapo delivers crushing blow to pot banking
(DBN)

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Celebs:

Bye bye, billionaires: 15 people who lost their billionaire status in 2019
(DBN)

Mohamed Hadid’s Bel Air Mansion on Fast Track to Demolition
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Make-Whole:

Ultra III: Make-Whole Never Dies
(DBN)

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Sales:

Easements and Sales “Free and Clear”: Oops – All Gone
(DBN)

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Consumer Bankruptcy:

The Community in Which Consumer Debtor Lawyers Reside 
(DBN)

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SCOTUS:

SCOTUS Grants Cert To Decide Whether Automatic Stay Requires Affirmative Action To Return Property (City of Chicago v. Fulton) Supreme Court to Tackle Bankruptcy Repossessions
(DBN)

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Third Party Releases:

Continuing Doubt About the Opt-Out: Uncertainty Reigns Over Third-Party Releases
(DBN)

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Bankruptcy Policy:

Do the Right Firms Survive Bankruptcy?
(DBN)

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Automatic Stay:

Third Circuit Joins the Fray and Finds No Stay Violation in Secured Creditors’ Post-Petition Retention of Collateral
(DBN)

Third Circuit Allows Repossessing Secured Lender To Hold Collateral Pending Bankruptcy Stay
(DBN)

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Substantive Consolidation:

Ninth Circuit Limits Substantive Consolidation
(DBN)

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Litigation:

How To Survive Your First Court Appearance
(DBN)

The best strategy for explaining any complicated topic to an audience, according to a TEDx speaker
(DBN)

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Mediation:

Caucus Inadequacy and the Joint Session Solution for Multi-Party Mediations
(DBN)

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Climate:

The environmental impact of today’s transport types
(DBN)

General Motors, Ford among new funders of carbon tax push
(DBN)

U.K. banks to undergo stress tests for climate change
(DBN)

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Crypto:

Bitcoin's slump may have been driven by a billion-dollar Ponzi scheme, miners cashing out, and a volume slump
(DBN)

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Coal:

Manchin says it’s time to change U.S. bankruptcy rules
(DBN)

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Beauty-Care:

Owner of Zest Soap, V05 Shampoo Files for Chapter 11 Bankruptcy Zest Soap Maker Hits Ch. 11 With $525M In Debt Stamford beauty-care firm files for bankruptcy, eyes sale First Day Dec
(DBN)

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Circuses:

How the Big Apple Circus Clawed Its Way Back From Bankruptcy
(DBN)

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Education:

Death Bell Tolling For Private Colleges Sounds Bondholder Alarm Private Colleges Are in Trouble, and Their Creditors Are Worried
(DBN)

Houston: Founder of shuttered charter school arrested on embezzlement charges
(DBN)

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Fraud:

Latest Court Filing Reveals Lori Loughlin's Defense Strategy
(DBN)

Judge orders early prison release for convicted ex-WorldCom CEO Bernie Ebbers, citing accounting fraudster’s dire health
(DBN)

Key investor in Gina Champion-Cain funding scheme accuses Chicago Title of fraud, claiming $140M loss
(DBN)

Madoff Trustee Requests Allocation of More Than $988 Million to Customer Fund and Court Approval to Distribute More Than $332 Million to Blmis Customers With Allowed Claims
(DBN)

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Healthcare:

Related-Party Funding Rules Drive N.Y. SNF into Bankruptcy, with Centers Poised to Take Over
(DBN)

Astria Health receives approval for new financing
(DBN)

Delmar nursing home, assisted living owners file for bankruptcy
(DBN)

US appeals court rules Obamacare mandate unconstitutional but leaves law intact for now 5th Circuit Declares ACA's Individual Mandate Unconstitutional, Punts on Scrapping Entire Law ACA's individual mandate unconstitutional, appeals court says; lower court to decide whether rest can stand
(DBN)

Rural Hospitals: The Challenges Hospitals Face in Delivering Care to Rural Communities
(DBN)

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UK:

Oyster Yachts sets new course with a multi-million-pound turnaround plan in wake of rescue from bankruptcy
(DBN)

Regulator widens probe of EY's Thomas Cook audits
(DBN)

Auditors called to account as UK review proposes fraud foiling role
(DBN)

Auditors need "urgent reform", review calls for breakaway from accounting
(DBN)

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EU:

All Change In Europe—New Chapter 11-Style Restructuring Regime Is On Its Way!
(DBN)

Euro plunged into crisis by Germany after 11TH month of contraction - and worse to come
(DBN)

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Canada:

'Tough to take': New Brunswick grabs unwanted title as Canada's poorest province
(DBN)

'Hard to deal with': GM workers grieve end of production at Oshawa, Ont., plant
(DBN)

Stay of proceedings was necessary in order to implement proposed restructuring
(DBN)

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China:

China’s Latest Regional Bank Rescue May Cost $14 Billion
(DBN)

Long-Time China Watchers Predict What's Next for Slowing Economy
(DBN)

PBOC adviser warns of local debt chain reaction, urges action
(DBN)

China Embraces Capitalism and the Prospect of Bankruptcy of State-Owned and Private Companies: Can Provisions for Individual Bankruptcy Be Far Behind?
(DBN)

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Argentina:

Group of Venezuela creditors says members have not met with Maduro representatives Argentina bondholders set up creditor group to talk with new government
(DBN)

Argentina Seeks to Make Payments During Debt Talks, Pesce Says
(DBN)

Argentina's 'unsustainable' debt should not be hard to restructure -central bank chief
(DBN)

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India:

The high-stakes case of who runs Tata Sons just got a lot messier Tata loses court case in India's biggest corporate feud
(DBN)

The Everchanging Bankruptcy Landscape
(DBN)

Lenders to textile firm Sintex Industries reject $1 billion revamp plan
(DBN)

India’s bankruptcy law faces its biggest opportunity yet
(DBN)

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South Africa:

South Africa in Unfamiliar Terrain as SAA Goes into Business Rescue
(DBN)

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