September 23, 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

Format For Mobile Device



Law:

Another Elite Law Firm Kicks Mandatory Arbitration To The Curb
(DBN)

Biglaw Chair Slams The Traditional Law Firm Model
(DBN)

‘Fearsome Foursome’ Is Exactly The Kind Of Name That Biglaw Attorneys Think Is Cool
(DBN)

Will Law Firms Get Hooked By Deepfake Phone Phishing?
(DBN)

Third Bar Association Beats Back Constitutional Challenges, but Appeals Loom
(DBN)

Kasowitz Benson Defeats Real Estate Ex-Client in Legal Malpractice Suit
(DBN)

Magbanua denied separate trial in Markel slaying
(DBN)

Foley Hoag And Rosa J. Nunez Aim To Take Diversity And Inclusion Efforts To The Next Level
(DBN)

New details reveal the friendship between Epstein and Prince Andrew dissolved after the Duchess of York referred to Epstein as a pedophile ‘Do For Him What You Did For Epstein’: Virginia Giuffre Gives Detailed Account of Being Trafficked For Prince Andrew Jeffrey Epstein Accuser: Ghislaine Maxwell Told Me to Recruit the ‘Youngest Looking Ones’ Jeffrey Epstein’s philanthropy unleashes soul-searching over ‘third rail’ donors Jeffrey Epstein ‘paid doctors to medicate his victims with Xanax’ ‘When you are in, you can’t get out.’ Women describe how Jeffrey Epstein controlled them
(DBN)

Former Federal Prosecutors Call for Giuliani to Be Disbarred, Possibly Indicted
(DBN)

Inside the Trump legal team trying to stop impeachment before it starts
(DBN)

Trump's Efforts to Quash NYC DA's Subpoena
(DBN)

Judge: Trump Must Answer Questions
(DBN)

Trump administration reaches asylum deal with El Salvador ICE to resume detaining migrant families at Texas facility Climbers Laugh at Trump's Unscalable Wall Trump Gives Away Border Wall Secret Resettled migrants pack schools, divide Minnesota town
(DBN)

Colt will no longer make AR-15s for civilians, but gun control advocates might not have much to celebrate
(DBN)

Ex-prosecutor portrayed in ‘American Gangster’ is sentenced for client theft
(DBN)

A Pastafarian hilariously trolled a town council meeting. The stakes are profoundly serious.
(DBN)

Prominent Baltimore defense lawyer indicted for allegedly aiding crimes of marijuana kingpin
(DBN)

Lawyers In Space! Or At Least This One Lawyer Who Went To Space.
(DBN)

Court Sanctions Attorney Sued by Her Mother
(DBN)

School Resource Officer Arrested 6-Year-Old Girl for Having Tantrum, Grandmother Says
(DBN)

'She passed three red lights': 5th-grader calls 911 on 'drunk' bus driver
(DBN)

______________

Judges:

Do-over ordered in Ft Lauderdale bankruptcy after judge wouldn’t drop case involving fiancé’s firm
(DBN)

Many Texas Gulf Coast Courthouses Expected to Reopen Monday After Imelda Closures
(DBN)

'Rubbish': Neil Gorsuch says the Supreme Court is not split along partisan lines
(DBN)

New asylum cases swamp border courts Attorneys Alarmed, Angered About Asylum Tent Courts in Texas
(DBN)

Arkansas AG seeks removal of judge from state matters; he is already banned from capital cases
(DBN)

Dad acquitted of threatening judge online
(DBN)

Openly Gay Prosecutor Among Two Planned Ninth Circuit Nominees
(DBN)

Nevada Attorney Who Said State Judges Told Lies Suspended
(DBN)

______________

Wall Street:

US futures point to slightly lower open
(DBN)

Global shares slip as Iran tensions loom
(DBN)

Stocks close lower after China cuts short trade visit Dow skids to Friday low after China's delegation cancels tariff-related visit to Montana
(DBN)

______________

Layoffs:

Commerzbank to cut thousands of jobs
(DBN)

After years of worries that automation will steal people's jobs, the left is transforming robots from competition to comrades
(DBN)

DMAX temporarily laying off more than 500 workers during GM strike
(DBN)

Autoworkers strike forces GM vendors to start layoffs
(DBN)

______________

Politics:

Elizabeth Warren has taken the lead and surpassed Joe Biden in a new Iowa poll Warren passes Biden, takes the lead in prized Iowa poll Warren's momentum spurs new attacks from 2020 rivals Area Senior Taking Election In Graceful Stride 2020 Vision: Why Warren's honeymoon may be coming to an end Can Elizabeth Warren take the heat? Focus group women like Warren's policies more than her As Warren's popularity grows, Sanders starts to stumble Biden, Warren face same challenge in Iowa: keeping momentum Elizabeth Warren joins GM picket line as strike enters day 7
(DBN)

Elizabeth Warren Wants To Cut The Value Of Your Retirement Account
(DBN)

Trump pushed Ukraine's new president to work with Giuliani and investigate Biden's son 8 times during a July phone call Trump Didn’t Bribe Ukraine. It’s Actually Worse Than That. Fact-checking Trump's latest claims on Biden and Ukraine Trump's defiance on Ukraine Trump suggests he mentioned Biden in phone call with Ukrainian president Trump and Rudy Giuliani are reviving allegations of a conspiracy involving Joe Biden and his son in response to a whistleblower report Trump hopes 'they release' his call with Ukraine's president, in which he says he talked about both Joe and Hunter Biden and 'corruption taking place' Trump's Ukraine call reveals a president convinced of his own invincibility Biden demanded Trump release transcripts of a call where he reportedly badgered Ukraine's leader to investigate his son 8 times Biden: Trump ‘deserves’ to be investigated over Ukraine call Story Behind Biden's Son and Ukraine The whistleblower complaint has Congress and Trump at an impasse - here's what the law says Secretary of State Pompeo said he approves of Giuliani's push for Ukraine to investigate Joe Biden ‘The most profound violation’ yet: Lawmakers assail Trump’s Ukraine phone call Nancy Pelosi Calls Trump Administration Blocking Whistleblower Disclosure 'a Grave New Chapter of Lawlessness' Republican Mitt Romney is the first Republican to condemn Trump Ukraine call over Biden, saying 'it would be troubling in the extreme'
(DBN)

Elizabeth Warren just issued the most scathing call for impeachment yet Schiff: Impeachment may be the only remedy if Trump pressured Ukraine on Biden
(DBN)

George Will: Conservatives Win if Trump Loses
(DBN)

FactCheck: Trump on Guns and Environment
(DBN)

Joe Biden got defensive during an LGBTQ forum in Iowa, calling the moderator 'a real sweetheart' as they walked offstage
(DBN)

Alaska Republican Party cancels 2020 primary in support of Trump
(DBN)

GOP Group Airs Anti-Trump Ads
(DBN)

Iran’s oil attack presents most critical test yet for Trump’s foreign policy
(DBN)

Trump’s nominee to lead federal media agency funded a private company with donations from his nonprofit
(DBN)

Trump's takeover of GOP forces many House Republicans to head for the exits
(DBN)

Republican Senate Candidate Claimed ‘Jewish Lobby’ Controls GOP
(DBN)

Cash-Strapped Booker Campaign Faces Dire Straits: 'We Don't See a Legitimate Long-Term Path Forward'
(DBN)

Signs are being erected to explain Confederate monuments' racist histories
(DBN)

____________

Banking:

The largest banks in the United States by assets
(DBN)

____________

Religion:

Upstate NY diocese files for bankruptcy; will others follow?
(DBN)

Will bankruptcy hit more dioceses?
(DBN)

Despite recording, Buffalo bishop says he won’t resign after 2nd aide defects
(DBN)

____________

Coal:

Another company seeks to buy idle Wyoming coal mines
(DBN)

As coal companies fail, the workers are being left with nothing
(DBN)

Germany to Join Alliance to Phase Out Coal
(DBN)

____________

Retailing:

Navigating the Retail Apocalypse
(DBN)

For Clothing Retailers, Breaking Up Is Now Harder to Do
(DBN)

Amazon says it received more than 200,000 job applications for its 30,000 open positions
(DBN)

With acquisitions pending, Sears Hometown hemorrhages sales
(DBN)

Madewell IPO may be in limbo as talks with lenders break down
(DBN)

UBS: Tariffs, store closings mean easy pickings for off-price retailers
(DBN)

____________

Travel:

Flight attendants cringe when you order tea or coffee — and the reason is pretty gross
(DBN)

A Delta passenger checked a suitcase with a rainbow luggage tag and it came back defaced
(DBN)

American Airlines Accused of Racial Profiling After Two Muslim Men Had Flight Canceled Because Crew Members 'Were Not Comfortable' Flying With Them
(DBN)

American Airlines jet makes emergency landing as ‘cocaine-fuelled’ passenger smokes cannabis in cabin
(DBN)

____________

Personal Finance:

Why do so many U.S. schools ignore personal-finance education? Here’s an answer...
(DBN)

48% of millennials have no idea how much money they have in savings—here’s the amount they should have
(DBN)

____________

Golf:

Country club at NC coast files for bankruptcy protection Porters Neck Country Club files for bankruptcy protection Country club blames hurricanes, litigation for bankruptcy filing
(DBN)

____________

Pharma:

Purdue seeks $34M in employee bonuses as bankruptcy process begins Opioid-maker Purdue Pharma is allowed bonus payout in bankruptcy case
(DBN)

Why Did Purdue Pharma File for Bankruptcy in Westchester County?
(DBN)

Purdue Pharma Warns That Sackler Family May Walk From Opioid Deal
(DBN)

Facing $4B in claims, Insys doubts ability to pay out via Chapter 11
(DBN)

Inside Congress's failure to act on Fentanyl despite warnings, deaths
(DBN)

Here’s how much the war on terror contributed to America’s opioid crisis
(DBN)

____________

Taxis:

Why Uber Could Crash On November 6
(DBN)

____________

Celebs:

‘RHONJ’ star Joe Giudice denied bond in deportation case, will stay in ICE custody
(DBN)

____________

Telecoms:

Frontier signals upcoming plan to cut $17B debt load -
(DBN)

____________

Aviation:

Low Cost Carrier XL Airways Ceases Operations
(DBN)

A damning new report on the 737 Max blames 'inexperienced pilots' and the low-cost airlines that employ them — not Boeing Indonesia to blame Boeing’s 737 MAX design and U.S. oversight in report on Lion Air crash
(DBN)

Germany Mulls Emergency Loan for Condor as Lufthansa Looks On
(DBN)

____________


Economy:

Economic Confidence Drops to Lowest Level Since Shutdown
(DBN)

More Americans are worried about a recession now than right before the last one
(DBN)

What Recession? Forecasts See Only a Slowdown
(DBN)

A recession will hit the US within 12 months, market bear David Rosenberg warns
(DBN)

Bank of America Reveals Troubling News About the Next Recession
(DBN)

Will America's massive debt really doom us?
(DBN)

Poverty is still a huge problem in America Achievement gaps in schools driven by poverty, study finds
(DBN)

Here’s what one top economist sees ahead for the Fed and US-China trade
(DBN)

Fed's Flow of Funds: Household Net Worth Increased in Q2
(DBN)

Americans Are Reducing Their Debt, But At A Cost
(DBN)

When the American Dream Ends in Bankruptcy, Immigrant Entrepreneurs Face Unique Challenges
(DBN)

Repo-Madness Is Not Over Yet Repo Market’s Liquidity Crisis Has Been a Decade in the Making Fed injects cash for fourth day as funding markets stabilize How the Fed’s funding struggles highlight the fragility of Wall Street confidence New York Fed says its looking into banks' role in funding-market issues The Age Of Deficits Has Taken A New Turn
(DBN)

Q3 GDP Forecasts: Around 2.0% Fed Staff Nowcast stands at 2.2% for 2019:Q3 and 2.0% for 2019:Q4
(DBN)

President Trump Doubles Down on Call for Negative Interest Rates Banks Just Changed the Rules of the Negative Rate Game for Danes
(DBN)

‘I don’t like Trump,’ but presidential Fed bashing nothing new, says ex-Fed vice chair Blinder
(DBN)

Potter Said to Warn Fed May Have to Buy More Debt to Calm Market
(DBN)

A dissenting voice emerges at the Federal Reserve
(DBN)

The Federal Reserve is increasingly divided with one official even wanting a sizable half-point cut
(DBN)

Fed Vice Chair Clarida says the Fed will take interest rate policy ‘meeting by meeting’
(DBN)

Jay Powell Failing At Fed Chairing, Excelling At Fedspeak
(DBN)

Trump and Elizabeth Warren have the same very bad idea about the dollar
(DBN)

Where skills anxiety is highest
(DBN)

The 'single biggest risk' to investors is being widely ignored — and Morgan Stanley warns it could spawn a recession within months
(DBN)

Gender diversity pays off: A new Stanford study finds equitable hiring boosts companies' stock prices
(DBN)

Older Americans Are Starting More Businesses Than Ever
(DBN)

The US Chamber of Commerce released a report slamming taxes on Wall Street like those proposed by Bernie Sanders and Kamala Harris
(DBN)

Americans are saving at an unusually high level after Trump's tax cuts
(DBN)

20 jobs popular in the 1980s that have almost disappeared
(DBN)

Millennials are taking to Twitter to roast their own retirement plans, which include hoping their kids become millionaires and buying oceanfront property once the sea levels rise
(DBN)

China cancels plans to visit with US farmers Stocks slide as China cancels US farmer visit China, US had ‘constructive’ trade talks in Washington, Chinese state news agency says Trump races toward India trade deal Blackstone: Even a ‘smaller’ US-China deal could be good for business confidence China has already lost the trade war. Here's why Trump’s Advisor Says Likely To Escalate Trade War With China If No Deal Trump lifts some tariffs, in sign trade war is inflicting harm on U.S. economy Trump’s Trade War Hammering Farmers, Factory Workers In Crucial Wisconsin Abolish the President's Power to Impose Tariffs How Trump's trade war with China is a windfall for a Long Island food bank Chinese theft of trade secrets on the rise, the US Justice Department warns U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve Chinese stocks skid amid increased trade tensions China and US Are in a New Cold War Republican casino magnate Adelson cautioned Trump on trade war with China
(DBN)

Trump eyes free trade agreement with Iceland
(DBN)

The 20 US cities where everyone's moving to — and they're nearly all in Florida
(DBN)

A stock-market selloff could spark an economic recession, says BNY Mellon’s Liz Young
(DBN)

A Long-Despised and Risky Economic Doctrine Is Now a Hot Idea
(DBN)

Ranked: The Megaregions Driving the Global Economy
(DBN)

American "economic refugees" are increasingly retiring abroad
(DBN)

It turns out money can kind of buy happiness after all
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

RMS Sale in Sight as Creditors Approve New Ditech Bankruptcy Plan
(DBN)

Mortgage Equity Withdrawal Positive in Q2
(DBN)

Want to trade in your home? Zillow tries a model most often used by car dealers
(DBN)

Fed's Rosengren flags risks to economy in WeWork-style model WeWork board members are talking about ousting CEO Adam Neumann amid IPO turmoil Do WeWork Bondholders Know Something We Don’t?
(DBN)

2 Million Homes with Negative Equity in Q2 2019
(DBN)

Is house flipping starting to flop? It's "getting less and less profitable"
(DBN)

FL: Hollywood condo-hotel developer files bankruptcy
(DBN)

Aspen Club seeks approval for $140 million in financing
(DBN)

____________

Municipalities:

Everyone Is Running Up Debt Except America’s States and Cities
(DBN)

Bankrupt Illinois Cities Forced to Cut Services to Fund Pensions
(DBN)

Puerto Rico residents reeling 2 years after devastating hurricane
(DBN)

For a Puerto Rican Community in a FEMA Flood Zone, Disaster Funds Promise Little Relief
(DBN)

Puerto Rico, Virgin Islands in path of Tropical Storm Karen
(DBN)

IL: Your pension debt share: $18,000
(DBN)

____________

Oil/Gas:

Summary: New Chapter 11 Bankruptcy Filing - Sheridan Holding Company II, LLC
(DBN)

Baker Hughes data show U.S. oil-rig count down a fifth straight week
(DBN)

Texas rig count lowest level in over two years as industry sheds jobs
(DBN)

Is This the Beginning of the End of Big Oil
(DBN)

Oil Markets Are One Outage Away From Crisis
(DBN)

Millennials Really Do Ruin Everything, And Big Oil Is Next
(DBN)

Why Americans Don’t Buy Electric Cars (Hey, The Tesla Model 3 Isn’t That Popular)
(DBN)

The World's Oil Security Blanket Has Been Torched
(DBN)

Rogue Oil Trader Loses $320 Million
(DBN)

____________

Climate:

The stock market cares about climate change, even if some people don’t
(DBN)

CEOs name climate change as number one risk to organizational growth
(DBN)

UN report: Climate change causes and impacts are increasing
(DBN)

Wall Street sees profits in a heating planet Corporate America Has Found a Way to Turn a Profit Off Being Green
(DBN)

UN Secretary-General: 'Climate is becoming an electoral issue'
(DBN)

The Oceans Are Getting Warmer The Poles Are Melting
(DBN)

Unlocking the Mysteries of Melting Arctic
(DBN)

What oil price shock? American worries turn to the environment
(DBN)

The most creative signs from New York's Global Climate Strike have one message in common: Time's running out
(DBN)

2 striking photos taken just over a year apart show how Greta Thunberg's climate strike inspired millions
(DBN)

No One Seemed To Notice Greta Thunberg’s Critique Of The Green New Deal
(DBN)

Photos show huge climate-change protests around the world, which have spread across continents as millions strike to demand action Millions of Kids Want to Save the Planet
(DBN)

The water supply for billions of people is drying up
(DBN)

Tropical Storm Karen forms, eyes Puerto Rico as additional threats loom
(DBN)

Numerous States Sue Trump Admin, Elaine Chao Over Uniform Greenhouse Gas Emissions Rule
(DBN)

UN Secretary-General: 'Climate is becoming an electoral issue'
(DBN)

____________

Autos:

FBI was on the case months before Reagor Dykes filed bankruptcy
(DBN)

The General Motors strike could cost the automaker $75 million per day if it continues
(DBN)

UAW members keep up vigils on the picket line as strike grinds on
(DBN)

A week in, these GM strikers are worried but determined: 'This is America'
(DBN)

In GM strike, old grievances get retooled for new era
(DBN)

Democratic presidential candidates visit picket lines during UAW strike
(DBN)

The UAW failed to organize Tesla and VW in the US and is now running a baffling strike against GM
(DBN)

GM strike is the right idea in the wrong place
(DBN)

The General Motors Century
(DBN)

What's really at stake in the GM strike? The future of cars.
(DBN)

US prosecutors charge ex-UAW official with conspiracy in widening union corruption probe
(DBN)

Thousands more auto workers furloughed with more layoffs coming as GM and suppliers idle plants in UAW strike
(DBN)

How decades of L.A. smog led to California's war with Trump over car pollution
(DBN)

Autoworkers at GM's Oshawa plant ask feds for more than $1B to build electric vehicles
(DBN)

____________

E-Cigarettes:

Walmart to stop selling all e-cigarettes
(DBN)

Vaping-related illnesses up nearly 50% since last week: CDC
(DBN)

GOP allies warn vaping ban will sink Trump in 2020
(DBN)

____________

Healthcare:

St. Christopher’s goes to new owners for $50 million in bankruptcy sale Drexel and Tower Health reach deal to buy St. Christopher’s Hospital
(DBN)

Bernie Sanders calls for wiping out $81 billion in medical debt
(DBN)

After rural hospital's closure, county seeks other options
(DBN)

Thousands of nurses tired of working with too many patients will walk out of hospitals in a 4-state strike
(DBN)

____________

 


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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (80 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)

There's Still Time to Register for NCBJ 2019
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Venue:

Congress considers bankruptcy legislation that could impact Delaware
(DBN)

____________

TBTF:

Biggest Banks Are Less Likely to Wreck the Economy Than a Decade Ago
(DBN)

____________

D&O:

D&O Policy 'Bankruptcy Exclusion' Held To Be an Unenforceable 'Ipso Facto' Clause
(DBN)

____________

Avoidance Actions:

District Court Rules on Property of the Debtor Requirement for Fraudulent Transfer Claims
(DBN)

Mitigating Lender Risk in Constructive Fraudulent Transfer Litigation
(DBN)

Wisconsin Court of Appeals Enforces Knowledge Requirement for Preference Claims
(DBN)

New Bankruptcy Amendments Lower the Burdens of Preference Actions on Defendants
(DBN)

____________

Committees:

The Role and Purpose of an Ad Hoc Committee from the Perspective of Creditors The Role and Purpose of an Ad Hoc Committee from the Debtor’s Perspective Selection and Organization of Members and the Process of Formation
(DBN)

____________

Administrative Claims:

Filing a Proof of Claim Does Not Preserve an Administrative Expense Claim
(DBN)

____________

Student Debt:

Americans in their 60s have nearly as much student loan debt as people in their 30s
(DBN)

Congress promised teachers student loan forgiveness — but hired loan companies that made it impossible
(DBN)

____________

Bankruptcy Strategy:

Faster, Shorter, Smarter, Better: Strategies for a New Era of Bankruptcy
(DBN)

____________

Arbitration:

The Supreme Court Gutted Workers' Rights Last Year, and House Democrats Just Passed a Bill to Restore Them
(DBN)

House approves bill ending forced arbitration in business disputes
(DBN)

____________

Miscellaneous:

James E. Van Horn Interview
(DBN)

Laura Davis Jones Interview
(DBN)

Jay Goffman Interview
(DBN)

____________

Engineering:

McDermott hires law firm Kirkland & Ellis as debt talks heat up
(DBN)

McDermott Creditors Are Hiring Advisers to Assess Debt Options
(DBN)

____________

Television:

Roku’s stock rocked as analyst asks, ‘Is Roku broku?’
(DBN)

____________

Fraud:

In the Decade Since Madoff, Ponzi Schemers Try New Tactics
(DBN)

____________

Education:

College of New Rochelle files for bankruptcy, campus to be sold at auction
(DBN)

How the Value of Educational Credentials Is and Isn’t Changing
(DBN)

Higher education's existential crisis
(DBN)

What matters to college students today
(DBN)

____________

Cannabis:

Bogart That Joint, But Don’t Bankrupt It: Cannabis Businesses in Bankruptcy
(DBN)

‘Don’t smoke the Kool-Aid,’ analyst says in sober note on the cannabis sector
(DBN)

____________

Corporate Governance:

Forum Selection Clauses; Delaware Law; Federal Law; Internal Affairs Doctrine; and Chancery’s Sciabacucchi Decision
(DBN)

A Critique of the Delaware Chancery Court Decision on Federal Forum Provisions
(DBN)

Steve Mnuchin dissed 181 major CEOs in a new battle over the future of profits
(DBN)

Tesla board must face trial over Musk’s mega-pay package, Delaware judge says
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Unchanged Year-over-year
(DBN)

____________

Accounting:

PCAOB slams three Big Four member firms over audits
(DBN)

____________

Utilities:

PG&E: Power shut-offs likely as wildfire risk increases PG&E May Cut Power to 124,000 in North California on Fire Fears Red flag warning issued across much of Northern California as PG&E eyes shutoffs
(DBN)

PG&E Slumps on Creditor Plan to Mostly Wipe Out Shareholders
(DBN)

____________

UK:

British tourists stranded worldwide as Thomas Cook goes bankrupt Thomas Cook's Creditors Have the Right to Feel Outraged Roughly 600,000 travelers are stranded around the world after the British travel provider Thomas Cook declares bankruptcy Thomas Cook Collapse Sets Up $250 Million Hedge Fund Windfall Thomas Cook pensions to be assessed by Britain's lifeboat fund Thomas Cook customers face two-month wait for refunds Thomas Cook holidaymakers face desperate scramble to get home today as travel firm gives up hope of private rescue Canceled Wedding, Angry Tweets as Thomas Cook Strands Travelers Thomas Cook: information for customers, employees, creditors and shareholders British travel firm Thomas Cook collapses, leaving hundreds of thousands stranded Saga securing alternative flights for customers hit by Thomas Cook collapse UK giant Thomas Cook folds, sparking huge tourist repatriation Thomas Cook collapse latest – 150,000 Brit holidaymakers to be rescued by fleet of more than 40 jumbos Thomas Cook's Condor says it has 240,000 customers currently abroad Travel firm Thomas Cook's collapse strands about 50,000 in Greece-Greek govt official Thomas Cook CEO apologizes as speaks for first time since firm's collapse U.K. Government Suggests Thomas Cook Won't Be Rescued Thomas Cook customers will not be stranded, vows Raab Thomas Cook crisis: UK 'has plans in place' if customers are left stranded How years of mismanagement saw Thomas Cook build up £1.6bn debt Thomas Cook, one of world's oldest travel companies, fighting to avoid bankruptcy Thomas Cook brought down to earth Thomas Cook begs lenders to slash £200m demand Thomas Cook CEO stony-faced after leaving crunch talks for £200m bailout The travel agency of Britain’s far-flung 19th-century empire is dead Why did Thomas Cook collapse after 178 years in business? Boris Johnson says he refused £150 million bailout for Thomas Cook because it risked 'moral hazard' for other firms UK PM Johnson questions whether Thomas Cook bosses "properly incentivised" Johnson Zeroes in on Directors’ Role After Thomas Cook Failure Thomas Cook’s liquidation wipes out travel company worth £1.85 billion just 18 months ago
(DBN)

A near majority of Scots are now in favor of independence from the UK because of Brexit
(DBN)

U.K. Counts Cost of Student Debt as Billions Added to Deficit
(DBN)

Boris Johnson's suspension of Parliament has driven a spike in donations to anti-Brexit campaigners
(DBN)

Boris Johnson overruled officials to send 'close friend' on foreign trade missions
(DBN)

How David James went from football hero to bankruptcy and selling his memorabilia
(DBN)

____________

EU:

Eurozone manufacturing PMI drops in September to worst level in nearly 7 years
(DBN)

____________

Canada:

What Purdue Pharma's bankruptcy filing means for Canada
(DBN)

Canadian retail sales gain in July but details show signs of strain
(DBN)

____________

Hong Kong:

Hong Kong readies for more protests after night of clashes
(DBN)

Hong Kong's 'Lennon Walls': Protesters Clash Over Street Art as Violence Continues
(DBN)

____________

MENA:

US is sending troops to Saudi Arabia after the devastating drone and missile strikes on Saudi oil fields Russia Mocks U.S. For 'Fantastic,' 'Brilliant' Missile Defenses That Failed to Stop Saudi Oil Attack The US and Saudi Arabia are searching for a 'smoking gun' among wrecked weapons that will conclusively link Iran to the attacks on Saudi oil sites UK Now Believes Iran Was Behind Attack Costly repairs to Saudi Aramco oil facilities could take months, not weeks
(DBN)

Iranian President Demands Western Countries Leave Persian Gulf: 'Your Presence Has Always Been a Calamity' Iran's president warns America to 'stay away' as it unveils long range missiles that could strike US bases
(DBN)

An Abrupt Move That Stunned Aides: Inside Trump’s Aborted Attack on Iran
(DBN)

The end of Netanyahu’s unchecked reign
(DBN)

____________

China:

Effects of personal bankruptcy system on investors in China
(DBN)

____________

Brazil:

Huawei denies interest in acquiring Oi or any other Brazilian carrier
(DBN)

____________

Germany:

Germany is 'firmly in contraction territory' after manufacturing sentiment fell to a crisis-era low
(DBN)

____________

Romania:

Big Romanian refinery operator goes bankrupt
(DBN)

____________

Australia:

Judge orders liquidators to 'Diamond Joe' Gutnick's mining company
(DBN)

____________

India:

India is slow to fix banking and finance system’s ‘messed-up gearbox’
(DBN)

____________

Taiwan:

Enforcement of bankruptcy adjudication by a Taiwan court
(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 most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

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 $66.50/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 phone or text us at 281-402-3957. You can email us 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