August 14, 2020

The Daily Bankruptcy News

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Law:

More work shifted to law partners as demand for legal services dropped, new report says
(DBN)

Associates Left Searching For Billable Hours After Partners Take Them All
(DBN)

Firm culls over 100
(DBN)

Legal Aid lawyers fired after raising Covid concerns
(DBN)

From Law School To Paralegal
(DBN)

Hogan Partners, Law Deans Push For D.C. Diploma Privilege
(DBN)

Biglaw Loves Kamala
(DBN)

Historic Salary Highs For Recent Law School Graduates
(DBN)

5 Essentials the COVID-19 Pandemic Has Revealed
(DBN)

Surveys Show Technology Is The Key To Law Firm Success During COVID-19 And Beyond
(DBN)

Florida STILL Doesn’t Have A Working Bar Exam Platform. Test Is Next Week, By The Way.
(DBN)

Online test takers forced to urinate in bottles and buckets
(DBN)

Trump goes after FBI director Wray, whom he appointed, and issues warning to Barr Trump urges FBI Director Wray to be more ‘forthcoming’ about Russia probe Trump signals impatience with FBI director's cooperation with reviews of Russia investigation Trump Says History Will Forget Bill Barr if He Doesn’t Prosecute the President’s Political Enemies
(DBN)

Michael Cohen releases excerpt, cover from Trump tell-all book Michael Cohen claims Donald Trump 'wants to be a leader for life to avoid prison' and insists there are more 'scandals' to emerge from the White House with 'greater levels of treachery and deceit' The Foreword: The Real Real Donald Trump Michael Cohen claims Donald Trump witnessed ‘golden showers in a sex club’ and ‘cheated in election with Russian help’ Michael Cohen Book Eviscerates Trump
(DBN)

Woman Arrested After Striking Gate Agent at Phoenix Airport Over Mask Rule
(DBN)

Nurse Kicked, Punched by Teenagers on Bus After Asking Them to Wear Masks
(DBN)

Gym owner charged criminally rallies against ‘COVID-19 police’
(DBN)

Connecticut fines residents $3,000 for violating coronavirus travel advisory
(DBN)

American Airlines passenger hits gate agent in Phoenix after being denied boarding for not wearing a mask
(DBN)

Cuomo Quarantine Order on Travelers to New York Upheld by Court
(DBN)

Georgia governor to drop lawsuit over Atlanta's mask mandate
(DBN)

Biden calls for 3-month national mask mandate: "Be a patriot"
(DBN)

California megachurch draws thousands at in-person services defying state coronavirus orders
(DBN)

George Floyd's death forces small-town America to confront racism
(DBN)

Anti-BLM Sheriff Faces Three Felony Charges
(DBN)

Docs Show Feds Were Monitoring BLM Protests
(DBN)

Revlon sued over collateral for takeover-deal loan
(DBN)

Woman robs man with Taser at Boston hotel in online date gone wrong: cops
(DBN)

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Judges:

Justice Alito gets very upset if you suggest that racism exists
(DBN)

Commission learns of ‘heartbreaking’ diagnosis after investigating reports of judge’s erratic behavior
(DBN)

Judge accused of referring to juror as ‘Aunt Jemima’ should get interim suspension, commission says Judge Accused of Referring to Black Juror as ‘Aunt Jemima,’ Using ‘Ebonics’ in Court
(DBN)

Judge Reportedly Refuses To Wear Mask, Orders Lawyers To Remove Theirs As Well
(DBN)

'Could Revive the Spread': Federal Ruling Banning COVID-19 Gathering Limits for Weddings Garners Backlash
(DBN)

Latest Trump Judicial Nominee Clerked LAST YEAR
(DBN)

Dueling Claims of Sexual Impropriety Roil Texas Supreme Court
(DBN)

Trump-appointed judge demands evidence of mail-in voting fraud
(DBN)

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Wall Street:

Stock futures fall after S&P 500 struggles to reach February record high
(DBN)

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Layoffs:

Amazon cuts more than 1,200 delivery contract jobs, even as that part of its business booms
(DBN)

Laying off 22,000 NYC workers still 'painfully real' possibility, de Blasio says
(DBN)

Daily Mail publisher to cut up to 100 jobs as Covid-19 hits revenue
(DBN)

Famed New Orleans Restaurants Commander’s Palace and Arnaud’s Report Hundreds of Lay Offs
(DBN)

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Politics:

Where Biden and Trump stand on 25 major issues
(DBN)

Democrats Suffer Deeper Job Losses Than Republicans in Pandemic
(DBN)

Trump vows to block stimulus funding for mail-in voting and USPS Trump opposes funding USPS due to mail-in voting Pelosi calls Trump's opposition to mail-in voting a 'contradiction' Covid-19 has led to record-shattering levels of voting-by-mail, but the President has tried to restrict it and says it will hurt his re-election Biden hits Trump for vow to block USPS funding: "He doesn't want an election"
(DBN)

The Post Office Is Deactivating Mail Sorting Machines Ahead of the Election 'These Are Felonies': Lawyers React with Horror to Reports of Post Office Removing Mail Sorting Machines
(DBN)

USPS tells Pennsylvania mail-in ballots may not be delivered on time
(DBN)

Trump: I'm Starving Post Office to Damage the Election
(DBN)

'Chaos and confusion': Post Office cuts fuel worries over mail voting
(DBN)

President Trump requests mail-in ballot for upcoming Florida primary, despite rhetoric
(DBN)

Trump campaign ordered to produce PROOF of voter fraud in mail voting
(DBN)

Reporter to Trump: "Do you regret all of the lying you have done to the American people?" Trump reacts when reporter asks if he regrets lying to Americans
(DBN)

Trump Says He’s Planning To Give RNC Speech On White House Lawn
(DBN)

Krugman: Trump’s Racist, Statist Suburban Dream
(DBN)

Voters Are Highly Engaged, but Nearly Half Expect To Have Difficulties Voting
(DBN)

Virginia mayor urged to resign after saying Biden picked 'Aunt Jemima as his VP'
(DBN)

Supreme Court Knocks Down Republican Attempt To Complicate Mail-In Voting In Rhode Island Supreme Court won't block Rhode Island's eased absentee voting rules Supreme Court allows eased voting requirements in Rhode Island and notes state support
(DBN)

‘See Who Was Better’: AOC Challenges Trump to Release College Transcript After He Said She Was a Bad Student
(DBN)

Is Kamala Harris really the most liberal senator, as Trump claims?
(DBN)

The Wikipedia War Over Kamala Harris’s Race
(DBN)

Newsweek Says Kamala Harris Essay Not ‘Racist Birtherism’ (Psst, It’s Totally Racist Birtherism) Newsweek Immediately Went Full Birther on Kamala Harris. Their Defense Just Made Things Worse.
(DBN)

"A mad woman": Trump trains attacks on Harris, AOC, Pelosi Harris crystallizes Trump’s view of women: they’re ‘nasty’ or housewives.
(DBN)

How many times has President Trump thanked himself on Twitter? I have the answer
(DBN)

The 42 most shocking lines from Donald Trump's Fox Business interview
(DBN)

Trump resorts to fearmongering in rambling media appearances
(DBN)

Trump gives credence to false, racist Harris conspiracy
(DBN)

Kamala Harris reportedly owes $1M in bills from failed presidential run
(DBN)

Kamala Harris Birtherism is Happening. Already. Seriously.
(DBN)

Trump says question of Kamala Harris's eligibility is 'serious'
(DBN)

Trump's net worth has declined US$300M in the past year
(DBN)

Florida Gov. Ron DeSantis likens reopening schools to killing Osama bin Laden
(DBN)

Billionaire investor predicts a Trump victory, says Kamala Harris is ‘a little too charismatic’
(DBN)

Kamala Harris on student-loan forgiveness, Medicare, universal basic income, credit scores — and a tax on trading stocks
(DBN)

Inside Democratic VP Pick Kamala Harris' Mini Real Estate Empire
(DBN)

Former Fed chair Janet Yellen advising Biden and Harris
(DBN)

Think QAnon Is on the Fringe? So Was the Tea Party
(DBN)

Maryland county votes to keep statue honoring Confederate soldiers
(DBN)

McConnell announces Senate will adjourn until Sept. 8
(DBN)

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Sports:

NFL says its coronavirus positive test rate is under 1%
(DBN)

For NFL teams, the path to victory this year isn't Xs and Os - it's avoiding infections
(DBN)

Football Fans Think Seasons Shouldn't Kick Off as Planned
(DBN)

To broadcast games on Saturdays, NFL may need to seek permission from government
(DBN)

Canceling football will cost universities. The legal liability of playing could be worse.
(DBN)

College football is disappearing. MAGA world is blaming the left.
(DBN)

Florida State receiver accuses school of neglecting health issues and misleading players
(DBN)

Trump's tweet about college football is the epitome of COVID-19 irony. Here's why.
(DBN)

The NBA's virtual fan experience allows fans to plug into the bubble
(DBN)

N.H.L. Restart Has It All: Proximity, Intensity and Pent-Up Energy
(DBN)

Oklahoma State football fans will be required to wear masks at games
(DBN)

Players kneeling for anthem booed before MLS game in Texas
(DBN)

____________

Student Debt:

Stimulus Proposal: Former Trump Official Calls For Extending Student Loan Relief Through 2021
(DBN)

'A Great American Nightmare': Former Trump student loan official calls for radical overhaul of the system
(DBN)

____________

Hotels:

As iconic hotel brands languish, these are coronavirus lodging sector winners
(DBN)

Hotels: Occupancy Rate Declined 33% Year-over-year
(DBN)

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Economy:

U.S. weekly jobless claims fall to 963,000, first time below 1 million since mid-March U.S. weekly first-time unemployment claims drop below 1 million mark for first time since pandemic began Weekly Initial Unemployment Claims decrease to 963,000 Comments on Weekly Unemployment Claims
(DBN)

U.S. Economic Hole Remains Deep Despite Jobless-Claims Milestone
(DBN)

The recession is over for the rich, but the working class is far from recovered
(DBN)

Bail-outs and Bail-ins are better than Bankruptcy: A Comparative Assessment of Public Policy Responses to COVID-19 Distress
(DBN)

U.S. Hits Fiscal Cliff With Jobs, Economic Recovery in the Balance
(DBN)

Inflation rising fast after second-quarter collapse
(DBN)

Rating the Trump Economy Pre-Covid-19? Just Average
(DBN)

Kudlow calls "voting rights" part of "liberal left wishlist" for stimulus talks Trump admits he’s stalling pandemic relief to make it harder to vote Larry Kudlow Says Democratic Asks Like Voting Rights Aren’t the Trump Admin’s 'Game'
(DBN)

Negotiators 'miles apart' on Covid funding, with little hope for deal until September For Americans waiting on virus aid, no new relief in sight No Stimulus Deal: Senators Leave Washington For Summer Recess Coronavirus stimulus stalemate could drag on for weeks as Congress leaves town Stimulus Talks Are Stuck in $1 Trillion Ditch Over Aid to States
(DBN)

Colorado unemployment trust fund set to become insolvent next week; state will borrow from feds
(DBN)

Louisiana: Workforce Secretary "We Are Talking About Fund Going Bankrupt
(DBN)

Forced Isolation May Be the Only Way to Stop Resurgence of Virus
(DBN)

White House Says There’s No Plan to End Payroll Tax Permanently
(DBN)

Main Street forced to trade profits for safety in Covid-19 reopening
(DBN)

'We Opened Up Too Soon.' Atlanta Mayor Keisha Lance Bottoms Wants Georgia to Roll Back Reopening
(DBN)

73% of Americans Say Negative COVID Test Should Be Required Before Returning to School or Work
(DBN)

More than 1 in 3 Black women are on the front lines of the pandemic, but they aren’t even close to equal pay
(DBN)

Warren Buffett said this metric signaled 2001 crash — it’s sounding the alarm on global markets
(DBN)

Trump claims Biden win would crash market, cause depression
(DBN)

Democratic sweep in November would be best for markets: Fidelity International
(DBN)

Kamala Harris' economic policy: Roll back tax cuts, expand health care and middle-class tax breaks
(DBN)

Will we shut down again? Can I travel to Florida? These COVID maps will help guide you
(DBN)

The great rebuild
(DBN)

China’s purchases are ‘lacking’ but U.S. is still ‘happy’ with trade deal, says ex-trade negotiator
(DBN)

Survey: Fears grow about Social Security’s future AP FactCheck: Trump Payroll Tax Cut is Social Security Risk
(DBN)

Racial economic inequality amid the COVID-19 crisis
(DBN)

The impact of recessions on net worth
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Empty apartments in Manhattan reach record high, topping 13,000
(DBN)

Mortgage refinancing will be more expensive as Fannie and Freddie raise fees
(DBN)

Mortgage rates keep falling — so will they finally drop to 0%?
(DBN)

Mall REIT Chief Is Fighting to Prove the Bond Traders Wrong
(DBN)

U.S. mortgage rates rise from a record low with 30-year at 2.96%
(DBN)

____________

Municipalities:

Failure to provide additional state, local aid would cause a double-dip recession
(DBN)

____________

Oil/Gas:

Remora Petroleum files Houston bankruptcy
(DBN)

IEA cuts oil demand forecast, citing "stalling" mobility
(DBN)

Wind and solar power hit record global market shares in first half of 2020
(DBN)

How a Texas shale supplier's founders made fortunes as the firm failed
(DBN)

Trump's Methane Rollback That Big Oil Doesn't Want
(DBN)

____________

Healthcare:

Verity gets OK to sell 384-bed bankrupt hospital to Prime Healthcare, despite objections
(DBN)

Third Friday plan rejected; Pelorus Equity appears poised to take control of Ellwood City hospital
(DBN)

Thomas Health plan to emerge from bankruptcy goes before judge Friday
(DBN)

Scientists say the coronavirus is at least as deadly as the 1918 flu pandemic In N.Y.C.’s Coronavirus Surge, a Frightening Echo of the 1918 Flu The Coronavirus Isn’t the 1918 Flu. But Both Took Huge Tolls in N.Y.C.
(DBN)

Covid-19 Shaping Up to Be Battle for Years Even With Vaccine
(DBN)

Why the U.S. Is Losing the War On COVID-19
(DBN)

‘The death toll would be enormous,’ Fauci says of herd immunity in the U.S.
(DBN)

Covid spread can't only be explained by who's being 'bad'
(DBN)

Trump calls Biden’s coronavirus plan unscientific, rejects call for U.S. mask mandate
(DBN)

Why Do Covid Tests Take Weeks?
(DBN)

U.S. coronavirus death toll spikes again
(DBN)

CDC director: This could be the worst fall, from a health perspective, we've ever had
(DBN)

The ‘excess deaths’ tally in the U.S. is 204,691 in 7 months — so COVID-19 deaths might be undercounted
(DBN)

Dr. Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine
(DBN)

The Rush for a Vaccine Leaves Little Recourse for Anyone It Harms
(DBN)

Russia's Sputnik Vaccine Gamble Is All About Vladimir Putin
(DBN)

Do you really have to wash your mask after every use? Short answer: Yes.
(DBN)

With Coronavirus Spreading, It’s a Bizarre Time to Open Nightclubs
(DBN)

The road to recovery after serious COVID-19 is long. Some may never be the same
(DBN)

Get tested once a month? Experts say NYC’s COVID-19 recommendations are unrealistic
(DBN)

Trump’s new favorite talking point about US coronavirus cases is highly misleading
(DBN)

Texas Governor Says Positivity-Rate Surge Under Investigation
(DBN)

____________

Movie Theaters:

AMC will reopen Aug. 20 with celebration of 100 years in business — and charge 1920 price of 15 cents a ticket
(DBN)

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Retailing:

Telsey's Feldman Expects More Retail Bankruptcies
(DBN)

U.S. retail bankruptcy: COVID-19 crisis or risk exposure?
(DBN)

Can Neiman Marcus finally leave its baggage behind after bankruptcy?
(DBN)

Stein Mart might have survived COVID-19, and then the virus surged again
(DBN)

Stein Mart Blames Bankruptcy On July Resurgence Of COVID-19 Cases
(DBN)

Tapestry 'reevaluating the role of stores'
(DBN)

What follows suits in men's apparel?
(DBN)

Menswear bankruptcies and the collapse of the middle market
(DBN)

Simon Property Group, Authentic Brands venture wins Brooks Brothers with $325M bid Simon Property Group Provides Spark To Brooks Brothers – But Is It A Trend?
(DBN)

____________

Taxis:

Uber, Lyft Are Denied Extended Delay of Driver Pay Order Uber, Lyft on Track to Leave California
(DBN)

____________

Tourism:

Las Vegas entertainers fear dire straits as weeks of unemployment turn to months
(DBN)

____________

Climate:

Hot weather bakes the West as wildfires erupt in California, forcing emergency planners to scramble
(DBN)

____________

Guns:

Remington junior creditors decry proposed sale process, bankruptcy funding
(DBN)

The Changing Face of American Gun Owners
(DBN)

____________

Coal:

Top Northern Appalachia coal mines substantially cut back output in Q2'20
(DBN)

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Satellites:

Speedcast gets $395m to exit bankruptcy
(DBN)

____________

Autos:

Former Hertz CEO Charged With Aiding And Abetting Accounting Fraud Hertz’s Ex-CEO Will Repay $2 Million Over Misstatements in 2013
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Bankruptcy Statistics:

Why aren’t bankruptcies increasing during pandemic?
(DBN)

US Corporate Bankruptcies May Reach 10-Year High As Pandemic Shuts Down Wide Swaths Of Businesses
(DBN)

A wave of bankruptcies is coming to Tampa Bay, but when?
(DBN)

______________

Claim Allowance:

Selling a Claim Does Not 'Wash' the Claim From Disallowance Under Section 502(d)
(DBN)

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Venue:

Corporate Residents Flood White Plains For Unique Suburban Amenity
(DBN)

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Bankruptcy Strategy:

How Smart Leaders Win During Recessions
(DBN)

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Privacy:

Transferring Personally Identifiable Information in Bankruptcy M&A
(DBN)

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Lehman:

Court Vindicates Dick Fuld’s CDO Flip Clauses
(DBN)

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Default Judgments:

Default Judgment In Bankruptcy, Based on “Implied Consent” Under Wellness International
(DBN)

____________

Finance:

PPP forgiveness aside, we need a new bankruptcy category
(DBN)

____________

Aviation:

Big Airlines Are Hoarding Cash to Survive the Pandemic
(DBN)

S&P Airline Downgrades Leave Just One U.S. Carrier With Investment Grade Status, Three Worldwide
(DBN)

JetBlue CEO Calls for New U.S. Aid With ‘Day of Reckoning’ Near
(DBN)

American could drop some flights to small cities as expiration of aid nears
(DBN)

Masks on, shoes off: People are still going barefoot on planes
(DBN)

Brussels airport to provide on-site coronavirus testing
(DBN)

Europe has mixed reactions to updated U.S. tariffs over Airbus
(DBN)

Aviation Week Cuts Plane-Delivery Forecast by 30% Over 10 Years
(DBN)

Second Potential El Al Buyer Checks In
(DBN)

The Future Of Air Travel In Norway After Coronavirus
(DBN)

Aeromexico lines up $1 billion DIP loan from Apollo Global Management
(DBN)

Thai Airways Shares Suspended After Auditors Decline to Sign Off on Accounts
(DBN)

Singapore May Welcome Tourists to Revive Virus-Hit Air Hub
(DBN)

Times Are So Tough That Qantas Is Selling Biscuits and Tea Bags
(DBN)

____________

Agribusiness:

Iowa farmers assess losses after derecho storm flattens cornfields, destroys grain bins
(DBN)

____________

Entertainment:

‘We Are the Guinea Pigs’: Hollywood Restarts Its Blockbuster Machine
(DBN)

The pandemic will make movies and TV shows look like nothing we've seen before
(DBN)

____________

Nursing Homes:

Florida Governor Warns of More Nursing Home Deaths to Come
(DBN)

U.S. nursing homes in hot spots see surge
(DBN)

____________

Education:

The kids who are most at risk from the coronavirus
(DBN)

Parent callas school's mask-wearing requirement "satanic"
(DBN)

Penn State students must sign COVID-19 liability waiver to return to school
(DBN)

Opposition to Trump’s School Plans Is a Fear Campaign, DeVos Says
(DBN)

Kentucky governor pleads with schools to delay in-person instruction as coronavirus cases climb
(DBN)

What Reopening Texas Schools Looks Like
(DBN)

DOJ Accuses Yale of White Discrimination
(DBN)

____________

Food/Beverage:

Why you shouldn't be worried about getting the coronavirus from food
(DBN)

Chuck Schumer Backs $120 Billion Restaurant Fund as Aid Talks Sputter
(DBN)

____________

UK:

New Look plans second rescue restructure in 18 months
(DBN)

UK will be 'ruthless' over quarantine, Johnson says when asked about France UK adds France, Netherlands to travel quarantine list U.K. Tourists Face Chaos as France Added to Quarantine List
(DBN)

Britain says it overcounted coronavirus death toll by 5,377
(DBN)

Boris Johnson Has No Choice on Reopening Schools
(DBN)

U.K.’s Return to Work Risks Being Stumped by Childcare Closures
(DBN)

Millions in England test positive for COVID-19 antibodies, with the poor and minorities hardest hit
(DBN)

____________

EU:

Europe isn't going on vacation. That spells trouble for millions of workers
(DBN)

In Europe, Millions of Jobless Are Falling Through the Cracks
(DBN)

____________

PIIGS:

Spanish regions ban smoking outdoors in bid to curb Covid transmission
(DBN)

Italy's pandemic plan 'old and inadequate', Covid report finds
(DBN)

____________

Canada:

Tensions Growing at US-Canadian Border
(DBN)

____________

MENA:

Trump announces normalization of ties between Israel and UAE Israel and the UAE just struck a historic peace deal. It’s a big win for Trump.
(DBN)

Beirut Now Faces Running Out of Food
(DBN)

____________

Sweden:

Sweden avoided lockdown, but now its coronavirus critics urge more caution to avoid a second wave
(DBN)

Sweden’s chief epidemiologist wanted to keep schools open to spread Covid in drive for herd immunity, emails show
(DBN)

____________

New Zealand:

New Zealand Beat the Coronavirus Once. Can It Do It Again?
(DBN)

New Zealand extends city lockdown amid hunt for mystery source New Zealand’s Covid-19 Outbreak Spreads Beyond Auckland
(DBN)

As the pandemic persists, New Zealand considers negative interest rates
(DBN)

____________

South Korea:

Infections Climb in South Korea as Unknown Origin Cases Rise
(DBN)

____________

Malaysia:

Malaysia’s Economy Shrinks Most Since 1998 Asia Financial Crisis
(DBN)

____________

Hong Kong:

Hong Kong cuts GDP forecast for 2020 after economy contracts 9% on-year in Q2
(DBN)

____________

France:

France ‘on brink’ of being placed on travel quarantine list
(DBN)

____________

India:

64% people with disabilities facing severe money woes: Survey
(DBN)

____________

Japan:

Japan’s Economy Set to Crater by a Record in Awful Quarter
(DBN)

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