February 13, 2019

The Daily Bankruptcy News

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Law:

By some financial measures, 2018 was best year for law firms in a decade
(DBN)

Law Firm Market Dips in Q4, But Higher For All of 2018 – Peer Monitor Index
(DBN)

In 'Mommy Track' Lawsuit, MoFo Points to Its Track Record for Defense
(DBN)

Law School Diversity Rankings
(DBN)

Law School Gets Slapped With ‘Negative Outlook’ By Credit Rating Agency Moody's Continues New York Law School's Negative Financial Outlook, Citing Its 26% Operating Deficit
(DBN)

ABA president supports House discussion of equal pay for equal work
(DBN)

The National Law Firm That Made History With Its Managing Partner
(DBN)

A Look At Boies Schiller’s Brand New Offices In New York’s Hottest New Neighborhood
(DBN)

When A Trip To The Courthouse Turns Into A Marriage Proposal
(DBN)

Law Reviews And The Self-Fulfilling Prophecy
(DBN)

‘No way he could’: Lawyer feared Trump was incapable of an interview with Robert Mueller Former Trump lawyer slams Mueller probe, maintains president will be cleared: 'Knock it off and get it done' Senate has uncovered no direct evidence of conspiracy between Trump campaign and Russia House Judiciary hires attorneys who have argued for Trump impeachment
(DBN)

It looks like Trump's attorney general nominee, William Barr, is about to be confirmed by the Senate Rand Paul to Vote Against Trump's AG Pick
(DBN)

Trump dismisses FBI data, asks followers to trust him when he says border fence made El Paso safer Formerly separated immigrant families begin process for suing Trump administration Texas' lieutenant governor said if it wasn't for the border wall, people would be decapitated and their heads would roll down the streets
(DBN)

Jury convicts Mexican drug kingpin "El Chapo" The wives of high-level cocaine traffickers reveal how their husbands took down 'El Chapo' Cruz: Use El Chapo's Money for Border Wall
(DBN)

DOJ Indicts Dozens of White Supremacists Accused of Violence and Drug Dealing on RICO Charges
(DBN)

Who Is Michael Sanchez? The Brother of Jeff Bezos' Girlfriend Faces Scrutiny
(DBN)

#MeToo Claims Toppled Architect Richard Meier. Except They Didn't
(DBN)

Embattled Virginia Lt. Gov. Justin Fairfax is being sidelined at his law firm while investigators look into assault allegations
(DBN)

Man Batters Girlfriend With A Burrito
(DBN)

Drunken taxi incident leads to lawyer’s suspension; she was a former radio host
(DBN)

Female Yale Undergrads: It's Gender Discrimination to Not Be Allowed into Fraternities
(DBN)

Lawyer thinks she contracted typhus from fleas at her city hall office
(DBN)

Lawyer Allegedly Fakes Cancer To Get Into Law School, Delay Cases
(DBN)

City Attorney Thinks She Got Fleas, Typhus From City Hall
(DBN)

Assorted Stupidity #120
(DBN)

NYPD Wishes Google, Waze Had Never Heard Of This First Amendment Thing
(DBN)

NYPD detective killed by friendly fire after police confront robbery suspect armed with replica handgun
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Judges:

First female clerk to a federal appeals judge dies at 94
(DBN)

BK ED WI: Appointment of Chief Judge
(DBN)

BK SD GA: Vacancy Announcement - Law Clerk to the Honorable Michele J. Kim
(DBN)

BK VT (Rutland) Closed For Weather
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Wall Street:

U.S. stock futures point higher on trade-deal optimism
(DBN)

Global stocks bounce after Trump's softening stance on trade war 'music to the ears of the market'
(DBN)

Dow posts 370-point gain on deal to avoid shutdown; trade optimism
(DBN)

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Layoffs:

Tesla employees fear for their jobs more than workers at any other major tech firm
(DBN)

Activision-Blizzard lays off 775 people after “record results in 2018”
(DBN)

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Politics:

Former Starbucks exec Howard Schultz rebukes Rep. Alexandria Ocasio-Cortez's policies
(DBN)

Trump FactCheck: Beto O’Rourke’s rally in El Paso, there were "200 people, 300 people" Fighting Over the Rally Size in El Paso
(DBN)

SKorea Pushes Back on Trump Claims
(DBN)

Hillary Clinton mocked Trump after he appeared to plagiarize her 'Stronger Together' slogan
(DBN)

Don Jr. Gets An 'F' On Twitter After Slamming 'Loser Teachers' At Campaign Event
(DBN)

Poll: Americans trust Mueller more than Trump
(DBN)

Senate will vote on Alexandria Ocasio-Cortez's Green New Deal resolution, McConnell says 7 questions answered about the Green New Deal
(DBN)

2020 presidential contender Amy Klobuchar doesn't deny 'throwing' a binder amid reports of anger issues among staffers
(DBN)

Trump's racist Elizabeth Warren taunts have entered a new phase I asked Wall Street insiders whether they’d prefer Elizabeth Warren or Donald Trump. It turned out to be a hard question.
(DBN)

Qatar Claims Shock They Bailed Out Kushner
(DBN)

GOP senators introduce bill to end pensions for retiring lawmakers
(DBN)

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Travel:

Thousands of flights canceled as winter weather slams both coasts
(DBN)

TSA unveils top weirdest checkpoint finds
(DBN)

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Pharma:

A political 'bomb' over drug prices could threaten NAFTA 2.0
(DBN)

FDA blasts McKesson for not monitoring opioid shipments
(DBN)

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Fraud:

Chicago financial adviser stole ‘at least $65 million’ in 10-year crime spree, feds allege
(DBN)

Owner of amateur p--- site files for bankruptcy amid legal battle
(DBN)

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Crypto:

Quadriga Fuels Race Among Lawyers For Slice of Lost Millions
(DBN)

More than $400,000 in QuadrigaCX cryptocurrency disappears into ‘cold wallet’
(DBN)

Mt. Gox Trustee May Have Crashed Bitcoin in 2018 by Dumping It on an Exchange, but There is Still Hope
(DBN)

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Television:

'100 Latinos Dijeron' Gets Premiere Date On EstrellaTV As Company Struggles With Bankruptcy
(DBN)

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Healthcare:

Strike threat looms over St. Louise
(DBN)

Santa Clara County moves forward on hospital purchases despite unrest, potential nurses strike
(DBN)

Daybreak Venture is $4M behind on rent, landlord says
(DBN)

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Education:

St. Gregory's Trustee Denies a Museum's $2.3 Million Claim
(DBN)

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Newspapers:

Google May Employ More People Than the Entire U.S. Newspaper Industry
(DBN)

Before Bezos fight, National Enquirer lost $31.5 million
(DBN)

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Coal:

Westmoreland bankruptcy raises questions about future of Colstrip coal plant
(DBN)

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Economy:

BLS: Job Openings Increased to Series High 7.3 Million in December Job openings soar to record high 7.3 million at the end of 2018
(DBN)

Americans’ financial optimism hits 16-year high — despite reasons to feel otherwise
(DBN)

Americans are way more in debt now than they were after the financial crisis American household debt just hit a new record high
(DBN)

A growing number of Americans have more credit-card debt than savings
(DBN)

Consumers requested the lowest number of credit inquiries since 2003 — why that’s a cause for concern
(DBN)

Powell says rural poor need help with education, credit access
(DBN)

Powell says chance of recession are not high
(DBN)

The Next Financial Crisis May Be Different for Banks and CMBS
(DBN)

NY Fed Q4 Report: "Total Household Debt Rises as 2018 Marks the Ninth Year of Annual Growth in New Auto Loans" Household debt inches higher as auto loans rev up while mortgage originations fall
(DBN)

Trump: "I can't say I'm thrilled" on border security compromise McConnell praises border security pact reached by congressional negotiators Trump: 'I'm not happy' with border security deal, but another shutdown looks unlikely Trump appears to have already soured on border-security plan, saying it would be Democrats' fault if the government shuts down again Trump's staunchest allies are already bashing the 'garbage' bipartisan border deal that could stave off another government shutdown $1.375 billion to build 55 miles of new border barriers Why government shutdowns have little effect on the stock market Trump isn’t happy with a congressional border security deal — but says he wants to avoid another shutdown Why Government Shutdowns Might Be a Thing of the Past
(DBN)

Tariffs hurt U.S. whiskey exports Trump says he may not stick to March deadline on China tariffs China President to Meet US Delegation Friday Irrational Exuberance on China Trade Deal U.S.-China trade war has hurt sectors as diverse as American whiskey and appliances
(DBN)

Volcker Takes on Trump Over Trade, Taxes
(DBN)

Bill Gates says the politicians proposing 70% income tax rates for the superrich are 'missing the picture'
(DBN)

Democrats claim the decline in Americans' tax refunds is proof the GOP tax law screwed over the middle class — but the truth is more complex
(DBN)

Why Krugman is wrong, and why you should bet on America
(DBN)

Paul Volcker says U.S. still ‘top dog’ but in danger of losing its crown
(DBN)

Stock buyback ban would backfire and lead more companies to go private, Canaccord says Rubio attack on buybacks sends shudder down Wall Street as a Republican joins Democrats’ fight
(DBN)

The rise of the robots and decline of inflation: How AI is keeping prices low
(DBN)

The 70% top tax rate, explained with potatoes
(DBN)

Bill Gates tweeted out a chart and sparked a huge debate about global poverty
(DBN)

US Billionaires Gave Half As Much to Charity
(DBN)

The US national debt just topped $22 trillion for the first time in history
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

This is how mortgage rates vary by state
(DBN)

The salary you need to earn to buy a home right now in the 25 biggest US cities
(DBN)

Having health insurance reduces housing delinquencies, study finds
(DBN)

Document Details How Schwyhart Hid Millions, Mansion from Creditors Court file reveals claims of lying
(DBN)

Final DevelopErie properties to be sold
(DBN)

These are the least affordable U.S. housing markets
(DBN)

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Municipalities:

Puerto Rico to take “legal action” if Trump diverts disaster aid
(DBN)

New sales tax bonds issued under latest Puerto Rico debt restructuring
(DBN)

What Will it Take to Save Flint, Michigan?
(DBN)

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Oil/Gas:

Oil supply concerns mount as OPEC cuts output, US sanctions bite Oil surges more than 2% as OPEC report shows big output drop
(DBN)

Global Oil Supply to Swamp Demand in 2019
(DBN)

Gas producer Arsenal and bankruptcy watchdog battle over Ch. 11 plan
(DBN)

One of the oldest U.S. refineries in trouble again in Philadelphia -court filings
(DBN)

Oil's twilight? Here's one investor view on how it plays out
(DBN)

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Trucking:

Trucking company jackknifes into bankruptcy Restructuring Advisor Calls for "Orderly Wind-Down" as New England Motor Freight Enters Chapter 11
(DBN)

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Electricity:

California Governor Forms ‘Strike Team’ to Advise on PG&E
(DBN)

Keep Power Deal Partners Out Of FERC Fight, PG&E Says
(DBN)

Records Show PG&E Only Inspected Transmission Tower From the Air
(DBN)

PG&E Bankruptcy Puts California Renewable Energy Goals At Risk
(DBN)

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Space:

A Mystery Investor May Save the Bankrupt Mars One Mission
(DBN)

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Lehman:

Lehman Creditors Urge Top UK Court To Overturn Tax Bill
(DBN)

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Freight:

Judge Approves Examiner to Investigate Missing Money at IPS Worldwide
(DBN)

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Debt Collection:

An Overview of Damages Recoverable Under the Fair Credit Reporting Act
(DBN)

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Autos:

A record 7 million Americans have stopped paying their car loans, and even economists are surprised
(DBN)

Ghosn changes lawyer team, adds hotshot attorney, in change of strategy The chief lawyer leading the defense for Nissan's disgraced former chairman Carlos Ghosn just quit and no one knows why
(DBN)

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Tech:

Apple CEO Tim Cook promises to investigate the 'abhorrent' Saudi Arabian app that allows men to track women
(DBN)

Dark Web: 620M Hacked Accounts for Sale
(DBN)

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Television:

Dish Network's stock plunges 18% premarket after Q4 results
(DBN)

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Climate:

Map: How Climate Change Will Affect Cities As climate changes, imagine New York feeling like Arkansas; here’s how U.S. cities may change by 2080
(DBN)

The Feds are spending $48 million to move his village. But he doesn't want to go
(DBN)

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Farming:

Farm Bankruptcies in 2018 – The Truth is Out There
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

What's Hot, What's Not: Practice Trends 2019 - Bankruptcy
(DBN)

January Commercial Chapter 11 Filings, 2006-19
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Discharge:

Part II: Navigating the Maze of Servicing Discharged Debt
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Make-Whole:

Fifth Circuit Vacates Bankruptcy Court’s Order Requiring Payment of Make-Whole Premium and Interest in Ultra Petroleum Bankruptcy
(DBN)

Fifth Circuit Calls into Question the Allowance of Make-Whole Payments and Post-Petition Interest at Contract (Default) Rate
(DBN)

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Mediation:

Mediation as “Entirely-Voluntary”: An Unexamined Value That’s Not Worth Keeping
(DBN)

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Jurisdiction:

New Jersey Law Journal Discusses Third Circuit’s Parameters on Bankruptcy Jurisdiction
(DBN)

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UCC:

Second Time’s a Charm: First Circuit Finds That Financing Statement Amendments Saved Defective Collateral Description
(DBN)

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Festivals:

'Fyre Festival' is becoming a catch-all for tons of failed events. Here are things that have been compared to the doomed 'luxury' festival in the Bahamas.
(DBN)

Burning Man nixes 'Fyre Festival-style' camp that charged up to $100,000
(DBN)

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Transit:

California abandons $77 billion high-speed rail plan
(DBN)

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Retailing:

Neiman Marcus renews talks aimed at reducing the luxury retailer's looming debt Neiman Marcus Debtholders Prepare for New Round of Talks
(DBN)

‘A lot of problems would start at the top’: How Payless bungled its post-bankruptcy comeback
(DBN)

Century III Mall granted $5M line of credit to keep operating during bankruptcy ‘Sold’ Markers Removed From Century III Mall Property Owner’s Website In Confusing Day, Century III Mall Appears Sold, Then Not By Current Owner
(DBN)

Bankrupt Toys R Us Aims For Retail Revival Toys R Us, Babies R Us set to re-emerge within Tru Kids Brands Toys"R"Us Emerges with New Vision, Team & Global Strategy
(DBN)

Performance Bicycle closing stores nationwide
(DBN)

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Alternative Energy:

EnSync needs financing to avoid bankruptcy
(DBN)

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Aviation:

Bristow Hints At Bankruptcy, Drops Columbia Deal
(DBN)

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Furniture:

Robert Allen Duralee files Chapter 11 First Day Dec
(DBN)

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UK:

English court uses UNCITRAL Model Law to favour Chapter 11 process over English insolvency procedures
(DBN)

Carney Gets Crisis Deja Vu Looking at Risky Company Debt Surge
(DBN)

Trade Talks: the UK’s trade relationship with its key international partners post-Brexit
(DBN)

Theresa May's chief negotiator overheard in hotel bar admitting she will delay Brexit if MPs reject her deal
(DBN)

Treasury accused of ignoring plight of small business under no-deal Brexit
(DBN)

Bank of England Spells Out a No Brexit Future
(DBN)

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EU:

George Soros warns that the EU is 'sleepwalking into oblivion' and risks collapsing like the Soviet Union
(DBN)

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Canada:

Consumer bankruptcies on the rise in Alberta while oil and gas bankruptcies decline
(DBN)

Cenovus Energy loss widens in fourth quarter
(DBN)

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Venezuela:

Pocketing 1,000% Markup, Venezuelans Smuggle OUT Precious Food
(DBN)

Nothing Can Prepare You for Life With Hyperinflation
(DBN)

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South Africa:

Coal plant crisis in South Africa raises concerns about stranded assets Eskom 'technically insolvent', won't survive beyond April Eskom needs cash injection in 3 months or faces insolvency, Parly committee told
(DBN)

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Barbados:

IMF Praises Talks With Creditors As PM Mottley Emphasizes Refinancing of Loan
(DBN)

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Hong Kong:

Something fishy about request for judicial assistance
(DBN)

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India:

Indian banks clawing out of the woods
(DBN)

A Maximalist Approach to Data from India's New Insolvency and Bankruptcy System
(DBN)

Analyzing 2018 through the lens of the Insolvency Code
(DBN)

Bankruptcy code could be misused by debtors and creditors
(DBN)

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Australia:

Banks’ credit crunch is wrong response
(DBN)

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China:

Debt guarantee tangle: China’s private firms hit by default contagion
(DBN)

China is Going to Need More Foreign Capital
(DBN)

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Brazil:

Aircastle 'in the process' of repossessing 10 A320s from Avianca Brazil
(DBN)

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