December 16, 2020

The Daily Bankruptcy News

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Law:

Am Law 50 Firm Will Pay Bonuses Up To $25K Above Market For ‘Extraordinary’ Performance
(DBN)

No Special Bonuses At This Am Law 100 Biglaw Firm, And Associates Are PISSED
(DBN)

Ex-Jones Day Associates Drop Gender Bias Class Action Claims Female Jones Day Lawyers Will Forego Class Pay, Sex Bias Claims
(DBN)

DC Law Firms Took $145M in PPP Funds
(DBN)

'A Nightmare Out Here': Another Texas Lawyer Dies of COVID-19
(DBN)

Father and daughter legal scholars complete successful kidney transplant
(DBN)

Hires Fresh From Law School Start Late on Pandemic Uncertainty
(DBN)

Lawyer Statistics for Success in 2021
(DBN)

D.C. Biglaw Firm With The Largest PPP Loan
(DBN)

Lawyer: Requiring Me To Wear A Tie Is Egregious! Judge: Sir, You’re Wearing Pajamas.
(DBN)

What Does The Gap Between In-Person & Online Bar Exam Results Tell Us?
(DBN)

Girardi Keese Found in Contempt Over Millions Kept from Clients
(DBN)

The Trump administration expelled unaccompanied migrant children in violation of a court order
(DBN)

Bill Barr Quit. What Finally Spooked Him?
(DBN)

Barr exit hints at further tumult under Trump
(DBN)

Thank You, Bill Barr
(DBN)

Barr's exit leaves No. 2 Jeffrey Rosen running Trump's Justice Department
(DBN)

The Temptation And Corruption Of Bill Barr
(DBN)

CNN Legal Analyst: Joe Biden Is ‘Not Off to a Great Start’ by Weighing in on Hunter Biden Investigation
(DBN)

Detroit Is Trying to Get Sidney Powell Fined, Banned from Court, and Referred to the Bar for Filing the ‘Kraken’
(DBN)

Ex-Trump lawyer Sidney Powell asks US high court to nullify two Biden wins
(DBN)

Potential Trump self-pardon on shaky legal ground as left-leaning prosecutors loom
(DBN)

Judge rules Trump Org must turn over documents to NY AG as part of probe
(DBN)

WI: Court Almost Overturned the Election
(DBN)

Right-Wing Embrace Of Conspiracy Is 'Mass Radicalization,' Experts Warn
(DBN)

Florida's 'Grim Reaper' lawyer sued Ron DeSantis over covid-19. Now the governor's attorneys want him sanctioned.
(DBN)

Colorado Church Wins Round at Supreme Court on Covid Limits
(DBN)

Supreme Court Orders New Review of New Jersey Church Capacity Caps
(DBN)

Supreme Court Rules Against COVID-19 Restrictions on Churches That Had Already Been Lifted
(DBN)

Appeals Court Rules Nevada’s Covid Restrictions On Religious Gatherings Violate First Amendment
(DBN)

Texas judicial conduct system and Washington bar association grapple with cyberattacks
(DBN)

Bodycam Video Shows Naked Woman Handcuffed and Crying After Chicago Cops Raided Wrong Home
(DBN)

School shooting survivors can’t sue county officials for failing to protect them, 11th Circuit rules
(DBN)

CA sheriff refuses to release 1,800 inmates after judge's order: 'Serious threat' to community
(DBN)

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Judges:

Opening for bankruptcy judge in Jacksonville
(DBN)

Why Trump’s attempt to steal the election was too much even for Republican judges
(DBN)

Time’s Up Is Refrain as Supreme Court Chafes at Remote Arguments
(DBN)

Judicial independence must be preserved in our federal courts
(DBN)

Judge accused of failing to follow COVID-19 recommendations is removed from 2 trials
(DBN)

Trump Admin Cites Alito Freakout in Last-Ditch Effort to Bar Abortion Access During Pandemic
(DBN)

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Wall Street:

Futures rise on growing stimulus bets
(DBN)

US stocks close up sharply on optimism over massive economic aid package
(DBN)

Wall Streeters Hunker Down for Many More Months Working at Home
(DBN)

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Layoffs:

Credit Suisse Cuts Asset Management Headcount by 10% in Revamp
(DBN)

Francesca’s to close Houston corporate office, lay off hundreds amid bankruptcy
(DBN)

Walmart will use fully driverless trucks to make deliveries in 2021
(DBN)

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Fraud:

Ponzi schemes, other investment fraud on rise during pandemic, SEC says
(DBN)

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Education:

Community Colleges Can Speed the U.S. Recovery
(DBN)

Many countries vowed to keep schools open this winter, but that's starting to change
(DBN)

Half of College Students Say COVID-19 May Impact Completion
(DBN)

DeVos urges Education Dept. staff to 'resist' when Biden takes office
(DBN)

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Personal Finance:

If you say any of these 6 things during an interview, don’t expect an offer: Career expert
(DBN)

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Politics:

GOP leaders pinched by pro-Trump bid to reverse election outcome
(DBN)

Senate GOP leader McConnell congratulates ‘President-elect’ Biden McConnell urges Republicans not to contest Biden win on Jan. 6 McConnell reportedly begged Senate colleagues in a leaked call not to block Congress from recognizing Biden as president-elect
(DBN)

Senate GOP to Trump: The election is over
(DBN)

Georgia GOP senators dig in on refusal to recognize Biden win
(DBN)

McConnell sets up a clash with Trump over who's in charge in the GOP
(DBN)

More in GOP Concede Biden Win as Some Stand By Trump’s Defiance
(DBN)

Trump Repeatedly Tweets Acknowledgement Of His Loss Despite Refusing To Concede
(DBN)

‘You have to face the music’: GOP senators start to finally acknowledge Biden is president-elect
(DBN)

DeSantis begins to acknowledge Biden win even if he has trouble saying it
(DBN)

GOP Candidate for Governor Says Biden’s Not Her President; Agrees with Michael Flynn That Martial Law Should Be Declared
(DBN)

Mexican President López Obrador congratulates Biden on election victory
(DBN)

Virginia county Republicans condemn GOP congressman for considering vote for Biden
(DBN)

Trump claims new fraud evidence as Michigan officials push back on disputed report
(DBN)

Alternate electors: The latest far-fetched Trump plan to overturn the election, explained
(DBN)

Why so many House Republicans co-signed Texas's lawsuit to overturn the election
(DBN)

Republican contender for Va. governor says Trump should declare martial law
(DBN)

Utah college votes to strip 'Dixie' from name
(DBN)

How Trump intensified the GOP’s war on reality
(DBN)

Trump’s chaos made America a sitting duck for cyberattacks
(DBN)

Trump keeps coming up with new reasons to veto Congress’s huge annual defense bill
(DBN)

New poll is a warning sign for the GOP in Georgia
(DBN)

Trump’s rigged election rhetoric puts Georgia Republicans in a bind
(DBN)

Trump Angers GOP with Georgia Funds Ploy
(DBN)

Backlash Erupts After Trump Posts Tweet Threatening Georgia Republicans Kemp and Raffensberger With Jail
(DBN)

Right Wing Threats of Violence Jumps
(DBN)

San Francisco to rename Abraham Lincoln High School because former president did not demonstrate that 'black lives mattered to him'
(DBN)

Biden and Harris will take oaths on Capitol stage, inauguration committee confirms Biden Urges Staying Home for ‘Extremely Limited’ Inauguration
(DBN)

Holliday Invokes Fifth Amendment in Bankruptcy
(DBN)

Hair Apparent: Trump Pushes 'High-Performance' Showerhead Agenda Forward as Sun Sets on Presidency
(DBN)

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Pensions:

PBGC’s rights to assets from former plan sponsor upheld
(DBN)

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Autos:

Auto-default rise reaches 5 consecutive months
(DBN)

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Economy:

‘It’s an economic war’— Warren Buffett urges Congress to extend relief for small businesses Buffett Urges Congress to Extend PPP to Help Small Businesses
(DBN)

Goldman Sachs CEO says 90% of small businesses have exhausted PPP funds
(DBN)

A renewed Paycheck Protection Program again set to include VC-backed companies
(DBN)

PPP loans were supposed to prioritize low-income areas during the pandemic. They didn’t.
(DBN)

Majority of small U.S. businesses see worst coronavirus impact still ahead -poll
(DBN)

Here’s How Joel Osteen and His Tax-Exempt Megachurch Legally Got $4M in COVID-19 Funds
(DBN)

How COVID-19 Has Changed Employment in U.S. Industry
(DBN)

America’s Economy Faces a Zombie Recovery, Even With Vaccine
(DBN)

Biden faces a massive boom ahead — or maybe another recession first
(DBN)

Stung by Trump, Fed chief gets fresh start with Biden
(DBN)

Federal Reserve 'boneheads' emerge from Trump era unscathed
(DBN)

Pelosi invites congressional leaders to a meeting on Covid relief and government funding Pelosi, McConnell and other leaders to meet on spending, stimulus talks Talks escalate on new COVID-19 relief, top lawmakers to meet Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield Stimulus Deal Unlikely, Most Americans Think, Despite Bipartisan Proposals McConnell: We’re not leaving here without a covid package Congress closes in on COVID-19 relief, funding deal Democratic leaders under pressure to agree to slimmed-down COVID-19 relief deal A new $748 billion bill could be Congress’s best hope for more stimulus this year
(DBN)

Cramer says stimulus is needed to bridge gap to widely available Covid vaccines
(DBN)

How America’s middle class got hollowed out
(DBN)

U.S. Factory Output Increased in November by More Than Forecast Industrial Production Increased 0.4 Percent in November; 5% Below Pre-Crisis Level
(DBN)

NY Fed: Manufacturing: Business activity "edged slightly higher" in New York State in December New York Fed Factory Gauge Falls to Four-Month Low in December
(DBN)

Covid bill pays extra $300 a week in jobless benefits, extends aid for 4 months Bipartisan coronavirus aid bill includes $300 a week for jobless and extensions on student loan, eviction help Democrats resigned to dropping local aid in COVID-19 bill
(DBN)

60% of hiring managers say companies will offer bonuses this year
(DBN)

1 in 4 Americans will be working remotely in 2021, Upwork survey reveals
(DBN)

Bets on World of Negative Interest Rates End With Capitulation
(DBN)

LA Area Port Traffic: Strong Imports, Weak Exports in November
(DBN)

70% of fund managers see better economy by June 30 – survey
(DBN)

No trickle-down: Tax cuts for rich fuel inequality, study finds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Number of US homeowners seeking to delay mortgage payment rises to highest level in months
(DBN)

New home applications drop in November
(DBN)

Louisville mayor blasts proposal to only extend eviction ban by 30 days
(DBN)

'The most lopsided economic event imaginable': Wave of evictions threatens Black, Latino tenants
(DBN)

Denver Real Estate in November: Sales Up 18% YoY, Active Inventory Down 63%
(DBN)

Mnuchin Rules Out Freeing Fannie-Freddie Before Biden Takes Over
(DBN)

Simon says “Don’t Close Yours Stores in My Shopping Centers”
(DBN)

Moody's - US CMBS loan liquidation volume continues to rise steadily in Q3 2020; quarterly loss severity decreases
(DBN)

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Municipalities:

State and Local Government Finances Are Better Than Expected
(DBN)

People are migrating to these cities amid Covid-19: LinkedIn
(DBN)

Cities Save Hotels, Arenas From Bond Defaults After Pandemic Hit
(DBN)

Illinois stadium agency eyes debt restructuring amid hotel tax collapse
(DBN)

Fleeing New Yorkers resulted in an estimated $34 billion in lost income -study
(DBN)

Antonio Medina Comas named to Puerto Rico Oversight Board
(DBN)

Puerto Rico board spars with creditors
(DBN)

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Oil/Gas:

Chesapeake Energy, creditors kick off multi-day restructuring plan trial
(DBN)

Offshore Rig Values Take $30B Hit
(DBN)

OPEC+ Treads a Narrow Path as Demand Outlook Weakens Again
(DBN)

IEA sees crude glut enduring to end-2021 amid strained demand
(DBN)

Exxon is in crisis. Angry shareholders are rebelling
(DBN)

____________

Tech:

The walls are closing in on Big Tech as global regulators crack down Europe triples down on tough rules for tech
(DBN)

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Movie Theaters:

AMC Entertainment Lenders Urge It to Declare Bankruptcy
(DBN)

Christopher Nolan doubles down on slamming Warner Bros. release plan: 'It's a question of ethics'
(DBN)

Warner Bros. Under Siege: "No One Is Angry at the Streamers — It’s These Guys"
(DBN)

This Legendary Chain Is on the Verge of Bankruptcy
(DBN)

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Telecoms:

Senator tries to block Frontier’s FCC funding, citing ISP’s various failures
(DBN)

After leading Frontier into bankruptcy, CEO steps aside New Frontier CEO Named, Will Face Headwinds in Post-Bankruptcy Frontier
(DBN)

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Mail:

USPS 'gridlocked' as historic crush of holiday packages sparks delays
(DBN)

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Transit:

Public transit in the US is already underfunded. The pandemic has made it worse.
(DBN)

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Hedge Funds:

SEC receiver sues Platinum Partners founder Mark Nordlicht in $220M bankruptcy action
(DBN)

____________

Crypto:

Mt. Gox Creditors’ Wait Nearly Over as Trustee Announces Draft Rehabilitation Plan Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins
(DBN)

____________

Climate:

Fed Joins International Network Fighting Climate Change
(DBN)

Some Northeast Cities Could See More Snow This Week Than All of Last Winter
(DBN)

Oil companies fight to get climate cases before Supreme Court
(DBN)

New Climate Maps Show a Transformed United States
(DBN)

____________

Banking:

Citi Pushes Witness to Say His Firm Returns Mistaken Payments
(DBN)

____________

Retailing:

Christopher & Banks weighs strategic options, including bankruptcy Christopher & Banks issues ‘going concern’ warning; weighing options
(DBN)

It’s going to be a make-or-break holiday season for these retailers
(DBN)

Pink Dot Delivery Robots Cruise West Hollywood
(DBN)

Neiman Marcus executive health coverage perks challenged on anonymous hotline Neiman Marcus CEO may cut pricey perk for top execs: report
(DBN)

Kmart Shoppers In The US Virgin Islands Are Frustrated And Concerned Over Sparsely Stocked Shelves
(DBN)

____________

Hotels:

Some Hotels Dim The Lights And Wait For The Creditors To Come Knocking
(DBN)

____________

Student Debt:

What Biden’s Presidency Could Mean For Your Student Loans (And How To Prepare)
(DBN)

____________

Agribusiness:

Maple Leaf Cooperative files for Chapter 11 bankruptcy
(DBN)

Michigan dairy farmers caught up in Dean Foods bankruptcy
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Real Estate Dominates Filings Flurry
(DBN)

US bankruptcies surpass 600 in 2020 as coronavirus-era filings keep climbing
(DBN)

The coming wave of COVID-19 bankruptcies and how to mitigate them
(DBN)

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Bankruptcy Reform:

A Newly Proposed “Consumer Bankruptcy Reform Act of 2020”
(DBN)

Top 10 Changes to Consumer Bankruptcy Proposed in the Consumer Bankruptcy Reform Act of 2020
(DBN)

The Bankruptcy Code Is Stacked Against Black Families. Elizabeth Warren’s New Bill Would Change That.
(DBN)

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Finance:

SBA Tells 11th Circ. To Nix $500K PPP Loan To Bankrupt Biz
(DBN)

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Discharge:

9th Cir. Reverses Trial Court Ruling in Favor of Defendant on FDCPA Claim Related to Bankruptcy
(DBN)

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Removal:

Fifth Circuit Resurrects Fraud Suit Based on Removal to Bankruptcy Court
(DBN)

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Aviation:

BOC urges court to dismiss debt plan Lessor BOC Aviation says AirAsia X restructuring favours Airbus, calls for debt-to-equity swap
(DBN)

Southwest to take delivery of 35 737 MAX jets through end-2021
(DBN)

Mexico: Government declines union request to take control of troubled airline
(DBN)

Norwegian Air woes reveal the hazy status of corporate nationality
(DBN)

Cathay Pacific sees H2 loss 'significantly higher' than H1
(DBN)

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Healthcare:

Yakima investment group completes purchase of Astria Regional Medical Center, office building
(DBN)

Owner of bankrupt Franklin and Laconia hospitals says Concord Hospital remains the only bidder Bankrupt New Hampshire health system gets $30M bid Concord Hospital sole party interested in acquiring LRGH through bankruptcy
(DBN)

The pandemic has destroyed friendships and divided families
(DBN)

Hopeful sign: Midwestern states see drop in new virus cases
(DBN)

Ambulances turned away as hospital emergency rooms overwhelmed
(DBN)

A pandemic atlas: How COVID-19 took over the world in 2020
(DBN)

FDA endorses safety and efficacy of Moderna's COVID vaccine FDA review clears path for second coronavirus vaccine, this one developed by Moderna Fatigue, headaches, muscle pain are common side effects of Moderna Covid vaccine
(DBN)

Fauci says Trump, Biden should be vaccinated immediately
(DBN)

FDA staff recommends watching for Bell’s palsy in Covid vaccine recipients
(DBN)

Years of medical abuse make Black Americans less likely to trust the coronavirus vaccine
(DBN)

Who Really Gets the Vaccine First?
(DBN)

Fauci: 85 percent of the US needs to get the Covid-19 vaccine for “true herd immunity”
(DBN)

Anxiety and depression are following a remarkably similar curve to Covid-19 cases
(DBN)

Videos of vaccine deliveries are making people burst into tears
(DBN)

The town that doesn't believe in COVID: 'Off-the-rails' mayor of tiny Washington community keeps open its 30 businesses as locals pack bars, refuse masks and claim lockdown is utter nonsense
(DBN)

Washington town hosts large anti-mask rally
(DBN)

‘I can’t handle it anymore’: COVID fatigue is winning at the worst possible moment
(DBN)

Pelosi warns lawmakers they'll be barred from speaking on House floor without a mask
(DBN)

Dozens of kids possibly exposed to COVID at Santa photo shoot
(DBN)

Mayor Quits Over Threats on Masks
(DBN)

Tom Cruise Covid rant – star warns Mission: Impossible crew they’re ‘f***ing gone’ if they break Covid rules on set
(DBN)

Times Square New Year's Eve will not have public audience
(DBN)

Dr. Ivanka Trump, Epidemiologist
(DBN)

The many strange long-term symptoms of Covid-19, explained
(DBN)

____________

Food/Beverage:

This Is How Quickly Covid-19 Can Spread In A Restaurant, Per New Study
(DBN)

Restaurant Says Customers Are Ordering Take Out Then Eating Outside
(DBN)

Restaurant group SBE’s C3 acquires 22 locations of Specialty’s Café and Bakery in bankruptcy sale to convert into new concept EllaMia
(DBN)

By Chloe blames pandemic for bankruptcy filing
(DBN)

Chuck E. Cheese approved to exit bankruptcy this month
(DBN)

____________

UK:

The Return of Crown Preference — Implications for Borrowers and Lenders
(DBN)

Cross border insolvency – an overview of the current EU legal framework and the impact of a "no deal" Brexit on UK/EU cross border insolvencies under the Recast Regulation
(DBN)

Will London’s Oxford Street survive covid?
(DBN)

British economy shows pandemic scars as London is plunged in tight festive lockdown
(DBN)

UK Government consultation on a new insolvency regime for UK-authorised payment institutions and electronic money institutions
(DBN)

HMRC moved up creditors' queue in insolvencies
(DBN)

Individual voluntary arrangements rise despite pandemic solvency support
(DBN)

Hospitality worst-hit as unemployment rises again
(DBN)

UK has 819,000 fewer paid employees since coronavirus crisis began
(DBN)

Europe’s Top Trucker Says Brexit Chaos Threatens U.K. Deliveries
(DBN)

French fishermen are threatening to blockade English ships after the UK threatened them with gunboats after Brexit
(DBN)

The Concerning Impact of Brexit on OTC-Derivatives
(DBN)

U.K. Officials Re-Evaluate Plan to Allow Christmas Socializing U.K. Should Ban Christmas Household Mixing, Medical Journals Say
(DBN)

U.K. Joblessness Spiked as Virus Uncertainty Reached Its Peak
(DBN)

London Landlord Shaftesbury Sees West End Property Values Plunge
(DBN)

Bankrupt sentenced for hiding inheritance from trustee
(DBN)

Creditors green light Moss Bros CVA proposals
(DBN)

____________

EU:

Europe May Approve Covid Vaccine by Christmas as Pressure Builds
(DBN)

H&M’s Sales Go Back Into Reverse as Europe Locks Down Again
(DBN)

____________

Canada:

U.S.-Canada land border is closed. But Canadian RVers found a loophole to winter in the U.S.
(DBN)

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Germany:

Merkel hints at lockdown extension as fatalities surge to record in Germany
(DBN)

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Bermuda:

The Insolvency Review
(DBN)

____________

Venezuela:

Toxic Spills in Venezuela Offer a Bleak Vision of the End of Oil
(DBN)

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Sweden:

Sweden’s Second Wave Offers Hard Reality Check
(DBN)

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Russia:

The Insolvency Review: Russia
(DBN)

Tougher punishment proposed for bankruptcy related violations
(DBN)

Russia suffers economic woes despite shunning new lockdown
(DBN)

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