January 3, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Why Are So Many People Interested In Going To Law School Right Now?
(DBN)

The Surprising Way Recent Law School Graduates Are Getting Their First Job
(DBN)

Seward & Kissel Names New Bankruptcy Partner
(DBN)

Eversheds Partner Found Dead After Facing Behavior Complaint
(DBN)

Creating Order: Lifestyle tips for disorganized lawyers
(DBN)

Boies Schiller Faces $3M Malpractice Suit From Exiled Chinese Billionaire
(DBN)

Underpaying Associates Can Be Costly To Law Firms (Part II)
(DBN)

The California Bar Exam Wreaks Havoc Yet Again
(DBN)

New Lawyerly Lyrics For A Classic Christmas Carol
(DBN)

Good News For Lawyers: Demand For Legal Services Is Up — Especially In New York
(DBN)

Attorney general nominee Bill Barr's confirmation hearing set for Jan. 15-16
(DBN)

ATL Holiday Card Contest: The Winner! (2018)
(DBN)

Man Who Sued Law School Because He Didn’t Want To Take LSAT Asks Judge To Recuse Because Obama Appointed Him
(DBN)

Trump illegally asked Russia to help him win in 2016. He shouldn't get away with it Worst May Be Still to Come for Trump in Mueller Probe Mueller Investigation Update 2019: Trouble for Trump As Experts Predict Biggest Indictments Still to Come Incoming House Judiciary chairman plans to re-introduce Mueller protection bill Thursday Giuliani Tells Witches Not to Be Offended by Mueller 'witch Hunt' Comparison, Says Salem Trials Had 'Unjust' Executions Rudy Giuliani Roasted Over Bonkers Late-Night Twitter Rant About Witches
(DBN)
(DBN)

Weinstein Accusers Seek More Protections On Emails
(DBN)

'It is just hell': 7 regular people who spent 2 months undercover at an Arizona jail were horrified by the disturbing reality of life behind bars
(DBN)

Family's cars burned, swastika-ed, after teen's interracial relationship
(DBN)

Parkland commission backs proposal to arm teachers in Florida
(DBN)

Kochs to Push for Dreamers' Citizenship
(DBN)

______________

Judges:

If Shutdown Continues, Federal Judiciary To Reevaluate Impact On January 11
(DBN)

Trump outpaces past 5 presidents in confirmation of appellate judges Senate Confirms Slew of Trump Nominees
(DBN)

Chief Justice Roberts: ‘Incivility or disrespect’ more frequent than ‘overt sexual harassment’ in the federal judiciary John Roberts Praises Efforts To Rid Judiciary Of Misconduct, Ignores Misconduct Of His Colleagues
(DBN)

______________

Wall Street:

Dow futures point to a decline of more than 300 points at the open after Apple slashes guidance Apple lives up to Wall Street’s fears with massive revenue shortfall Apple downgrade ripples through the FTSE 100; Burberry and mining stocks drop Apple's warning a bad omen for Wall Street bulls
(DBN)

Apple plunges $56 billion in premarket trading, dragging global stocks after shock sales warning
(DBN)

Stocks rise, barely, on first day of trading after swinging around all day
(DBN)

Trump says the market's recent sell-off was just a 'little glitch' after stocks post the worst December since the Great Depression
(DBN)

Investors are officially panicking, Citigroup says
(DBN)

______________

Layoffs:

Buffalo: Atlas Linen workers on Grider Street will keep jobs despite bankruptcy
(DBN)

Online cosmetics retailer Julep lays off 102 employees as parent company files for bankruptcy
(DBN)

Long Beach: Layoff notices sent to 270 clinic employees as Golden Shore plans to close
(DBN)

______________

Autos:

Tesla shares tumble 9% as company misses Wall Street vehicle delivery estimates, cuts prices Tesla Delivered 90,700 Cars in Last Quarter Tesla Now America's #1 Luxury Brand
(DBN)

GM hit 200,000 US electric vehicles sold in 2018, triggering tax-credit phaseout
(DBN)

Teutul seeks return of Corvette in bankruptcy court filing
(DBN)

______________

Hedge Funds:

Hedge fund all-star David Einhorn posts his worst year ever, losing 34% in 2018
(DBN)

______________

Politics:

Trump's approval ratings are low but steady — possibly a good sign for his re-election chances
(DBN)

Romney declines to endorse Trump for 2020 Romney slams Trump's character in new op-ed Does Mitt Romney's op-ed even matter? Romney: How a president shapes the public character RNC chair McDaniel sides with Trump over uncle Mitt Romney Romney asserts his independence - and Trump's GOP critics see an opening The problem with Mitt Romney Mitt Romney's Noisy Arrival in Trump's Washington Trump Fires Back at Romney
(DBN)

Sen. Amy Klobuchar to decide on 2020 presidential bid soon
(DBN)

Elizabeth Warren says 'government has been bought and paid for' by big business. Political scientists say she's got a point Elizabeth Warren Polls Show Her Trailing Biden, Sanders & O’Rourke Warren supports withdrawing troops from Syria, Afghanistan There's a Reason Many Voters Have Negative Views of Warren—But the Press Won't Tell You Why
(DBN)

Trump Fears His Jilted Ex-Advisers Will Come Back to Haunt Him
(DBN)

Trump endorses the 1979 Soviet invasion of Afghanistan in freewheeling Cabinet meeting Trump rants about the government shutdown, stock market 'glitches,' Tom Cruise, and more during wild Cabinet meeting
(DBN)

Trump Slams Mattis Over Afghanistan
(DBN)

Americans' Long List for Congress Spans Education to Income
(DBN)

Yes, 2019 Is the Year You Were Worrying About
(DBN)

House Republicans' new reality
(DBN)

GOP candidate to request election be certified amid fraud scandal
(DBN)

______________

Religion:

"The secret not yet told": Women describe alleged abuse by nuns
(DBN)

Naming names: A reckoning is underway in US Catholic Church
(DBN)

______________

Electricity:

Dominion Energy completes buyout of South Carolina utility
(DBN)

The varying prices of power worldwide
(DBN)

______________

Economy:

The Fed is losing its ability to control interest rates, former Senate banking chief says
(DBN)

The first economic data from December is in and it shows trouble
(DBN)

U.S. manufacturers expand at slowest pace in 15 months as business confidence wanes, IHS Markit finds
(DBN)

Poll: Recession fears are growing
(DBN)

Federal Reserve took President Trump's advice on interest rates. Now he's not happy
(DBN)

U.S. Labor Participation Rate Since 1960
(DBN)

Dallas Fed: "Texas Manufacturing Expands Modestly, Outlook Worsens"
(DBN)

Credit Managers’ Index Ends 2018 on Sour Note
(DBN)

Analysts Warn of Rising Pressure Points in Global Debt
(DBN)

‘I see no way out’: Living paycheck to paycheck is disturbingly common
(DBN)

US Trade Rep. Lighthizer thinks more tariffs could be needed to get meaningful China concessions Apple drops 7 percent after warning on Q1 results as iPhones and Apple Watch sales disappoint due to trade war Tim Cook blames Trump's trade war with China as a big factor in Apple's slowdown Apple’s China struggles highlight US companies’ trade war vulnerabilities Tim Cook blamed China for Apple weakness: Here’s what he said about the country in 2018 Five Ways to Look at Apple’s Surprise Bad News The Trade War is Already Over
(DBN)

Global growth seen lower in 2019, UBS says, but it's not all bad
(DBN)

Trump sticks to his demand for a border wall after suggesting he could work with Democrats No solution on government shutdown emerges from White House meeting The Real Shutdown Fight Might Only Be Getting Started Trump falsely claims Mexico is paying for wall, demands taxpayer money before meeting with Democrats ‘This makes zero sense’: Fox host unloads on Trump for still claiming Mexico is paying for his wall Trump Allies Want Gov't to Stay Shut Down Poll: Federal Employees Overwhelmingly Oppose Shutdown, Only 30 Percent Support Wall From park toilets to courts, the US shutdown is leaving a big mess Trump's government shutdown rhetoric is a reminder of just how normalized shutdowns have become Trump reaches out as government shutdown enters day 11 Trump to Pelosi on shutdown, border wall: ‘Let’s make a deal’ Poll shows voters blame Trump more than Dems for government shutdown Federal Workers Sue Over Pay Denied During Ongoing Shutdown He can’t pick up his insulin because of the government shutdown. How workers are hurting Depressing photos show closed Washington, DC monuments and attractions as the government shutdown continues Banks and credit unions move to help federal workers hit by shutdown Shutdown persists; ‘Could be a long time,’ Trump says Nancy Pelosi reveals her endgame for negotiations with Trump: Democrats will give 'nothing for the wall' Trump reportedly said Nancy Pelosi, as 'a good Catholic,' should support his border wall because 'the Vatican has walls too' Second Trump Wall Meeting Who Wins the Government Shutdown Crisis?Tomorrow
(DBN)

Why the Next Fiscal Fight Could Be Much More Dangerous
(DBN)

Vermont has a higher proportion of people moving there from out-of-state than anywhere else in the U.S., study says More people moved out of this state than any other in America Report: Americans keep relocating, here's where Census: Texas, Florida Up, NY and Illinois Down
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Municipalities:

Out Of Bankruptcy, Detroit Reaches Financial Milestone
(DBN)

How AI Found Flint’s Lead Pipes, and Then Humans Lost Them
(DBN)

______________

Real Estate:

New report: As home sellers lower prices further, 2019 starts as a buyer's market
(DBN)

MBA: Mortgage applications fall nearly 10% MBA: "Mortgage Applications Decrease Over Two Week Period in Latest MBA Weekly Survey"
(DBN)

The top 10 cities to buy a house in for 2019, where jobs are plentiful, construction is booming, and young people are moving in
(DBN)

The Tap Bar building, six other El Paso properties, get new owners in Abraham bankruptcies
(DBN)

Here’s what rents did in all 50 states in 2018
(DBN)

‘They destroyed me.’ Wells Fargo’s mistake forced her to sell her home
(DBN)

____________

Asset Protection:

LuLaRoe's founders have been linked to 31 LLCs set up during the last 3 years — and a lawsuit alleges they're attempting to shield assets like a Gulfstream jet, a ranch in Wyoming, and a world-record-breaking supercar named Ruthie
(DBN)

______________

Oil/Gas:

Gas prices are soaring one day after Trump boasted they're so low they're 'like another Tax Cut'
(DBN)

Gas prices to start low, but push $3 a gallon by spring: forecast
(DBN)

Oil at the Mercy of Financial Markets
(DBN)

Oil Prices Rise As Saudi Oil Exports Plummet
(DBN)

Parker Drilling cites oil slump in urging approval of bankruptcy loan
(DBN)

______________

Food/Beverage:

Atlanta: Bankrupt restaurants The Mercury and The Pinewood seek to hold leases until May
(DBN)

Hampered by Equipment Delays, Big Bend Brewing Suspends Operations
(DBN)

______________

Tech:

A look inside the trouble at Silicon Valley's August Capital
(DBN)

Apple’s iPhone warning comes years too late
(DBN)

______________

Hollywood:

Recession Fears Grip Hollywood: Can the Movie Biz Survive a Downturn?
(DBN)

______________

Education:

Rural Colleges’ Lender of Last Resort
(DBN)

______________

Finance:

Alston & Bird’s Mike Parisi discusses alternative and bank lending in the middle market
(DBN)

______________

Aviation:

OneJet hearing canceled as former CEO provides more information
(DBN)

______________

Music:

Mariah Carey’s record-breaking day shows how little musicians make from Spotify
(DBN)

______________

Banking:

December 2018: Unofficial Problem Bank list declined to 77 Institutions, Q4 2018 Transition Matrix
(DBN)

______________

Travel:

The government shutdown could spur more flight delays making travel a nightmare, air traffic controllers claim
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

______________

Exemptions:

Exemption for Government Assistance: How Needy Is Needy?
(DBN)

______________

Bankruptcy Policy:

Bankruptcy Hardball
(DBN)

______________

Mediation:

The Mediator as Proactive Leader
(DBN)

______________

D&O:

Portfolio Company D&O Insurance—Are the Director Designees of PE Owners Actually Covered?
(DBN)

______________

Litigation:

Litigation Finance Forecast: Six Trends to Watch in 2019
(DBN)

______________

Professional Compensation:

Well-Crafted Carve-out Provisions for Attorneys’ Fees in Cash Collateral Orders are Enforceable Even After Conversion to Chapter 7, Per the Sixth Circuit
(DBN)

______________

Miscellaneous:

14th Annual Review of Key Delaware Corporate and Commercial Decisions
(DBN)

______________

Retailing:

Eddie Lampert offers to save Sears or salvage pieces in a partial liquidation Sears Chairman Edward Lampert could find out by Friday if his $4.4 billion bid to keep retailer in business is viable Lampert to bid for Sears real estate if rescue attempt fails Sears chairman to offer $1.8B for company’s real estate holdings if auction bid fails Lampert Makes 11th-Hour Bid to Save Sears as Liquidation Teams Assemble Eddie Lampert has a back-up plan for Sears — and it could mean hundreds more store closures Sears Isn't Completely Dead Yet
(DBN)

Sears: The Path Not Taken
(DBN)

Cyrus, Omega Call Truce in Sears CDS Fight After Settling Trades An 'odd' ending to a hedge fund's battle over Sears notes
(DBN)

Wall Street Outlines Retail Stock Resolutions for 2019
(DBN)

2019 Will Be The Year JCPenney Flips -- One Way Or Another
(DBN)

______________

Healthcare:

Sabra asks bankruptcy judge to force surrender of Senior Care Centers communities
(DBN)

CHS Finalizes Sale of Two South Carolina Hospitals
(DBN)

Bankrupt Promise Healthcare plans Feb. 20 auction for remaining assets
(DBN)

New Delaware Chapter 11 Filing – Angel Medical Systems, Inc.
(DBN)

Judge allows Affordable Care Act to remain in effect pending appeal of his decision
(DBN)

House Democrats move to save Obamacare from death blow
(DBN)

I moved to Europe because I couldn’t afford to be a cancer patient in America
(DBN)

______________

Celebs:

'Celebrity Big Brother' Offers Big Money to Lindsay Lohan's Mom Amid Bankruptcy Case
(DBN)

______________

UK:

Unexpected bill of just £20 would prove difficult or impossible to pay immediately for 1 in 5 British adults – R3
(DBN)

Complicated task of obtaining redundancy pay for Carillion workers revealed Former Carillion bosses quizzed as government probe deepens Carillion bosses face fresh questioning over collapse Ex-bosses Philip Green and Richard Howson face ban in Carillion inquiry
(DBN)

Insolvency and 'zombie businesses'
(DBN)

Unpaid HES staff 'turning to food banks' after failing to claim redundancy
(DBN)

Brexit ‘bad or awful’ for UK economy in 2019 say economists Businesses Prepare for Prospect of 'No-Deal' Brexit Brexit does not matter because Britain no longer matters
(DBN)

New Year cheer for investors in battered U.K. retailers
(DBN)

______________

EU:

Europe's Airlines Face a Chilly Winter
(DBN)

______________

PIIGS:

Greece raises 1.85 bln USD in new year's first treasury bills auction
(DBN)

______________

China:

Stocks plunge on weak data out of China in new year market bloodbath
(DBN)

Companies from Apple to Ford are flashing warning signs about the Chinese economy
(DBN)

______________

Kenya:

Kenya may join nations at risk of default on external debt
(DBN)

______________

India:

Cash-Strapped Jet Airways Defaults On Repayment Schedule
(DBN)

Two years of IBC: Early harvest ‘extremely successful’; recovered Rs 80,000 crore, says Arun Jaitley
(DBN)

______________

Malaysia:

50 percent of Malaysian developers may face bankruptcy
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019