August 28, 2023

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:

Biglaw Firms Without Office Attendance Mandates Are Figuring Out What Works -- And What Doesn't
(DBN)

Midlevel Associates' Favorite New York Biglaw Firm
(DBN)

Midlevel Biglaw Associates Want Offices With Windows, And They Want Them Now
(DBN)

Partners Are Frustrated With 'Zoom Associates.' But Will Threatening Their Bonuses Change That?
(DBN)

Unsatisfied With Her $140k Salary, Law Firm Controller Gave Herself a Raise
(DBN)

Mayer Brown Looks to Reignite Debtor's Practice After Largest Company-Side Restructuring in Firm History
(DBN)

Savills U.S. Law Firm Activity Report Q2 2023
(DBN)

Star Kirkland lawyers resign on a Sunday in corporate law power move
(DBN)

Trump's latest celebrity lawyer, lawsuits against three top Biglaw firms, another Cravath partner departure, and other legal news from the week that was.
(DBN)

The Billable Hour Requirement Red Flag
(DBN)

Research is most common generative AI use case among lawyers
(DBN)

Law Firm Closures Highlight a Tale of Two Markets
(DBN)

Lateral Attorney Hiring Trends In 2023: Adapting To A Shifting Economy
(DBN)

American Bar Association denounces ‘attack’ on law firm diversity initiatives
(DBN)

August 25, 2023 Bankruptcy Quiz
(DBN)

Is US law firm leasing rebounding post-pandemic?
(DBN)

Firm Ownership Debate Rages Amid ABA Innovation Leader Change-Up
(DBN)

Murder Draws Disbarment
(DBN)

Investigation Reportedly Launched Into Federalist Society's Leonard Leo's Network Of Organizations
(DBN)

Ex-Law Professor Sues Former Students For $108M Over Sexual Harassment Allegations
(DBN)

Onslaught of court dates could sideline Trump Poll: 62% Say He 'Committed Crime' Lock Him Up? A New Poll Has Some Bad News for Trump
(DBN)

Trump co-defendant remains in jail; Cannot afford lawyer Only Trump RICO co-defendant in custody was charged with assaulting federal agents
(DBN)

Florida lawyer files challenge to disqualify Trump from 2024 race, citing 14th Amendment Legal Scholars Say the 14th Amendment Bars Trump From Office. Here’s What History Says
(DBN)

What's next for Trump in the Georgia case? US Judge to Set Trial Date for Trump Over Efforts to Overturn 2020 Election Trump lawyers back in DC court as two sides differ over trial date in election subversion case Trump's new Georgia attorney has experience with rappers and racketeering cases Raskin says Trump’s Georgia case ‘custom made’ for prosecuting racketeering Maybe The New Trump Lawyer's Music Background Will Stop 45 From Singing Like A Bird Georgia courtroom battles begin Monday in next stage of Trump case Three Trump codefendants say they became false electors at Trump's 'direction' Jeffrey Clark Was Almost Our Attorney General — Now He’s Fulton County Inmate No. P01135824 Why Donald Trump, a billionaire, is using a bondsman to pay his $200,000 bail in Georgia What George Conway thinks about Mark Meadows’ defense argument in Georgia case Judge to hear arguments on Mark Meadows’ request to move Georgia election case to federal court Christie says Meadows has ‘argument to make’ in moving Georgia case to federal court Removal in the Georgia Prosecution: A Low Bar but Weak Arguments Trump allies' push to move Georgia subversion trial could mean delays First test in Georgia v. Trump: Can prosecutors keep home-court advantage?
(DBN)

Trump allies face ruinous cash squeeze after Georgia indictment Trump codefendants could face $500k in legal fees unless they strike a deal: expert
(DBN)

Trump’s drumbeat of lies about the 2020 election keeps getting louder. Here are the facts
(DBN)

Drama unfolds on two fronts Monday as Trump cases enter new phase
(DBN)

Trump attorney blows off weight of criminal charges: ‘We’re not concerned’
(DBN)

Dershowitz Explains That Trump Demand To 'Find 11,780 Votes' Was Totally 'Exculpatory'
(DBN)

Trump allies at center of Jan. 6 cases navigate dueling prosecutions
(DBN)

Raskin says Trump ‘absolutely’ disqualified from running for president after Jan. 6 insurrection
(DBN)

'He can't control himself': Trump put on notice judges may be forced to jail him
(DBN)

New York's Democratic mayor and the Biden administration are fighting over what to do about a surge of migrants
(DBN)

Gunman kills three, himself in racially motivated shooting -Jacksonville sheriff A white man fatally shoots 3 Black people at a Florida store in a hate crime, then kills himself Jacksonville shooter killed Black shoppers with legally purchased guns Assault rife was covered in Nazi swastikas Florida shooting victim planned to spend Saturday with his daughter. He was killed before he could. Investigators believe gunman committed shooting because it was the anniversary of video game tourney attack What we know about the victims and the gunman in the racially motivated Jacksonville shooting Florida gunman, 21, had racist manifestos - police Biden decries Jacksonville shooting: "White supremacy has no place" in U.S.
(DBN)

2 dead, 5 were injured in shooting at downtown Louisville restaurant
(DBN)

‘Vanderpump Rules’ Stars & Other Reality TV Participants Can Break NDAs To Reveal “Unlawful Acts,” Bravo Says, As Potential Lawsuits Loom
(DBN)

Police say University of South Carolina student fatally shot while trying to enter wrong home
(DBN)

The next big abortion battleground: Pennsylvania After Roe v. Wade, the fight over abortion access moves to New Mexico Abortion pill maker loses bid to block West Virginia's abortion ban Virginia Gov. Youngkin eyes a 15-week abortion ban as a 'consensus' voters will back
(DBN)

Texas Says a Fetus Is a Child, Except When a Parent Sues a Negligent Doctor or State Official
(DBN)

Alec Baldwin Could Be Back In Court For Defamation
(DBN)

Wife who regretted infidelity lied about being raped so she could get free STD test: State
(DBN)

DNA links dead 'serial predator' to brutal cold-case murder of college student
(DBN)

A Sperm Donor Chases a Role in the Lives of the 96 Children He Fathered
(DBN)

Ignored by police, twin sisters took down their cyberstalker themselves
(DBN)

BTK serial killer's decades-old journal entries made him 'prime suspect' in 2 more murders
(DBN)

______________

Judges:

Two Justices Clash on Congress’s Power Over Supreme Court Ethics Supreme Court ethics debate divides justices, court watchers, former clerks
(DBN)

Judge's 'Inappropriate' Facebook Comments Lead To 'Harsh Lesson' 'I Have Learned a Harsh Lesson': Judge Faces Censure for Facebook Comments
(DBN)

Judges Skeptical Florida ‘Woke’ Ban Can Dodge Free Speech Claims
(DBN)

Wisconsin Supreme Court flips liberal, creating a ‘seismic shift’
(DBN)

______________

Wall Street:

Stock futures rise to kick off the final trading week of a rocky August
(DBN)

Apple, Microsoft, Tesla, and Meta see a combined $625 billion wipeout in market value amid August’s stock slump
(DBN)

Twitchy Traders Have S&P 500 Comebacks Fizzling at Historic Pace
(DBN)

Markets Brace for Swings After High-Rates Mantra of Jackson Hole
(DBN)

______________

Layoffs:

Rural town braces for Tyson plant closure as manufacturing booms elsewhere
(DBN)

RBC could cut 1,800 jobs next quarter
(DBN)

AI vs. Humans: Which Performs Certain Skills Better?
(DBN)

______________

Retailing:

Bankrupt retailer Party City has a new survival plan
(DBN)

Bed Bath & Beyond shareholders left holding ‘worthless stock’ as bankruptcy hearing approaches
(DBN)

Gap Is Destroyed
(DBN)

Joann Lenders Tap Adviser as Craft Retailer Looks to Shore Up Cash
(DBN)

Discounts Make a Comeback as Shoppers Get Picky About Spending
(DBN)

San Francisco Nordstrom closes after nearly three decades in business amid rise in crime
(DBN)

____________

Crypto:

Three Arrows Capital Co-Founder Avoids Contempt and Sanctions in United States, But Bankruptcy Court Previews Worldwide Enforcement Options
(DBN)

New docs reveal how Sam Bankman-Fried might defend himself at trial
(DBN)

FTX debtors' personal data compromised in bankruptcy hack; FBI partakes in investigation SIM swap against Kroll staffer leads to data breach FTX suspends user accounts amid Kroll cyber breach concerns
(DBN)

FTX Bahamas Pursues Staggering $9.15 Billion in Claims Against US Affiliates, Unveils Complex Legal Battle
(DBN)

Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings U.S. Bankruptcy Judge Declines to Classify CEL Token Amidst Ripple Controversy Judge Denies CEL Valuation Boost; Evades CEL's Security Classification in Celsius Saga
(DBN)

Judge denies stakeholders’ request for representation in Celsius bankruptcy case
(DBN)

Crypto Startup Bankrupt After Losing Password to $38.9 Million Physical Crypto Wallet
(DBN)

Celsius Network bankruptcy saga: Judge denies separate class for stakeholders
(DBN)

Celsius Token Holders Lose Bid to Hike CEL Valuation
(DBN)

Proposed crypto tax rules draw ire from industry groups
(DBN)

Crisis-Stricken Vauld To Appoint New CEO, Board To Aid Creditor Bailout
(DBN)

Crypto Exchanges to Report Customer Data Under Treasury Proposal
(DBN)

Prime Trust Filing Reveals Cascade of Failures That Led To Bankruptcy Filing Crypto Collapse: Prime Trust's Fall From Grace and the Disappearing Wallet Mystery Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
(DBN)

Vauld gets permission for board restructuring from the court
(DBN)

____________

Newspapers:

How a small-town feud in Kansas sent a shock through American journalism
(DBN)

'Community for All' drama continues with a lawsuit, a near bankrupt newspaper and new legislation
(DBN)

____________

Labor:

Labor unions are pushing hard for double-digit raises and better hours. Many are winning
(DBN)

UAW authorizes strike if talks fail to reach deal at Detroit Three Sanders Urges Automakers to Reach ‘Fair’ Contract With UAW Autoworkers’ Possible Strike Against Big Three Concerns Biden, He Says Auto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit Carmakers
(DBN)

85,000 Kaiser Workers Will Soon Vote To Authorize What Could Be The Biggest Healthcare Strike In US History
(DBN)

____________

Healthcare:

California bails out distressed hospitals, offers interest-free loans to 17 troubled providers
(DBN)

Cancer-Focused Imagia Canexia Health Files for Bankruptcy 18 Months After Merger
(DBN)

Biden urged to get tough as millions lose Medicaid
(DBN)

Biden Wants Congress to Fund New Covid Shots for All Americans
(DBN)

Most states in South have banned gender-affirming care for trans youth Texas judge blocks ban on gender-affirming medical care for minors
(DBN)

Mental health spending up 50 percent since beginning of COVID-19 pandemic: study
(DBN)

Extreme heat has been so bad this summer that Americans without access to air conditioning are dying
(DBN)

____________

Accounting:

PwC UK Partners Will Not Be Celebrating Record-Breaking Million Dollar Payouts This Year
(DBN)

____________


Economy:

Global inflation pressures could become harder to manage in coming years, research suggests
(DBN)

Powell warns of more interest rate hikes as inflation remains high Fed Chair Powell: Inflation: Progress and the Path Ahead Powell's 'higher for longer' mantra fans investor caution over economy Powell Targets High-or-Higher Rate Path as Economy Picks Up Key Takeaways From Fed Chair Jerome Powell’s Jackson Hole Speech
(DBN)

Why Central Bankers Are Unsure Whether They’ve Raised Rates Enough - WSJ
(DBN)

U.S. growth, a puzzle to policymakers, could pose global risks
(DBN)

Fed Probably Needs at Least One More Rate Increase, Summers Says
(DBN)

Warren Buffett may be bracing for a recession – and Michael Burry's latest big short is a 'good move,' says top economist Steve Hanke
(DBN)

Sources of income for high and low earners
(DBN)

Rate Hikes Curb Innovation and Economic Output, Jackson Hole Paper Finds
(DBN)

At Jackson Hole, Post-Inflation Challenges Vex Central Bankers
(DBN)

Powell Has Bond Traders Right Where He Wants Them: Full of Doubt
(DBN)

An Early Look at the September FOMC Projections
(DBN)

Q3 GDP Tracking: Moving Up
(DBN)

Slower US Job Growth to Support Fed Patience
(DBN)

‘Crisis-Size Deficits as Far as the Eye Can See’
(DBN)

There are almost 4 million more open roles than job seekers in the U.S. Here’s why some economists think the immigration and labor crises are related Raising immigration limits could help solve labor crisis: Economists
(DBN)

Labor shortages plague high-stakes industries
(DBN)

Remote workers' connection to companies' missions hits record low
(DBN)

Young, rich workers are flocking to these 10 states, says new research
(DBN)

US consumer bust shrinks world trade US consumer spending is expected to cool further but not fall off a cliff Consumers aren't even close to being tapped out. Here's why, and what that means for the stock market U.S. Consumers Are Showing Signs of Stress, Retailers Say
(DBN)

Credit card delinquencies continue uptick in July; charge-offs also rise
(DBN)

GOP tensions between Senate, House raise shutdown odds McCarthy says he doesn’t want stopgap funding in run-up to holidays
(DBN)

The 50 Most Valuable Companies in the World in 2023
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

What A Bankruptcy Might Mean For WeWork’s Tenants WeWork creditors weigh bankruptcy plan Charted: The Rise and Fall of WeWork
(DBN)

Mortgage lender AmeriFirst Financial files for bankruptcy
(DBN)

Banks appear confident as commercial real estate delinquencies rise
(DBN)

State of the U.S. Office Market - Q2 2023
(DBN)

Low occupancy on office REITs amid high rent, more dispositions in Q2
(DBN)

Landlords with $1.6 trillion of US commercial real estate debt face rising default risks
(DBN)

Forecast: Multifamily Starts will Decline Sharply
(DBN)

Americans Are Bailing on Their Home Insurance
(DBN)

Your next apartment could be someone's old cubicle as developers rush to convert empty offices
(DBN)

CA Ventures creditors to Tom Scott: This time it’s personal
(DBN)

Honey, I shrunk the house: High mortgage rates are making American homes smaller American homes are shrinking, but it isn't making houses any more affordable
(DBN)

The 15 most in-demand ZIP codes for U.S. homebuyers
(DBN)

Florida man allegedly injects chemicals into neighbor's apartment over noise complaints
(DBN)

Two years after Hurricane Ida, a slow trickle of insurance and federal money for repairs
(DBN)

____________

Municipalities:

Puerto Rico board submits third plan in attempt to restructure power company debt of $10 billion BlackRock-Backed Puerto Rico Utility Deal Would Cut Debt by 75% Oversight Board files PREPA plan of adjustment; BlackRock, Nuveen among those to settle
(DBN)

Debt-ridden small town on cusp of bankruptcy or dissolving
(DBN)

Hawaii Munis Plunge in Latest Investor Warning on Climate Risk
(DBN)

An LNG plant could bring millions to bankrupt Chester. Leaders and residents are saying no thanks.
(DBN)

From boomtown to bust, the story of San Francisco
(DBN)

____________

Oil/Gas:

Permian Shale Drilling Shrinks at Fastest Pace in Three Years
(DBN)

US Consumer Year-Ahead Inflation Expectations Rise on Gasoline
(DBN)

Electric Cars Pass a Crucial Tipping Point in 23 Countries
(DBN)

The U.S. is pumping oil faster than ever. Republicans don't care
(DBN)

____________

Climate:

Much of Florida under state of emergency as possible tropical storm forms in Gulf of Mexico
(DBN)

Workers exposed to extreme heat have no consistent protection in the US
(DBN)

More record heat in Dallas
(DBN)

Simultaneous record heat hits multiple continents The 77 places where extreme heat will break or tie records through Monday
(DBN)

Super typhoon Saola threatens northern Philippines
(DBN)

DeSantis Declares State of Emergency for Florida Florida Braces for a Hurricane Forming in the Gulf of Mexico Tropical Storm Idalia is expected to intensify into a hurricane as it churns toward Florida
(DBN)

Climate activists call on Biden to take more forceful action
(DBN)

Study reveals how much carbon damage would cost corporations if they paid for their emissions
(DBN)

Carbon credit speculators could lose billions as offsets deemed ‘worthless’
(DBN)

Panama Canal to extend transit restrictions for at least 10 more months Panama’s Canal Is Drying Up and Its Bonds Are Getting Hit Hard
(DBN)

Climate Change Is Helping Pests and Diseases Destroy Our Food
(DBN)

The other 'Niño' that fuels the most destructive hurricanes
(DBN)

Climate activists target jets, yachts and golf in a string of global protests against luxury
(DBN)

Drones, AI and Goats: The New Playbook to Curb Wildfires
(DBN)

____________

Food/Beverage:

France has too much wine. It’s paying millions to destroy the leftovers France’s famous Bordeaux wine faces uncertain future with farmers ripping up vines
(DBN)

Young Adults in U.S. Drinking Less Than in Prior Decades
(DBN)

____________

Gas Stations:

19 MEX centers, with Pilot branding, temporarily shut by operator bankruptcy
(DBN)

____________

Student Debt:

A couple with over $250,000 in student debt finally got their balance wiped out after nearly 3 decades of repayment: 'This is life-altering for us'
(DBN)

Charted: The financial aid divide
(DBN)

____________

Pharma:

Billion-Dollar Drugs’ Makers Set to Face Their First US Price Negotiations
(DBN)

The Real Reason Drugs Cost So Much — and Do Too Little
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Decreased Slightly Year-over-year
(DBN)

____________

Utilities:

Greg Abbott Draws Outrage After ERCOT's Rolling Blackouts Warning Texas heat wave spurs power prices to their highest since 2021 freeze
(DBN)

Bankruptcy ‘Most Plausible’ Outcome For Hawaiian Electric As Stock Slides And Allegations Over Maui Fire Grow, Wells Fargo Says Hawaiian Electric Suggests It’s Not To Blame For Lahaina Devastation Electric Utility Linked to Maui Wildfires Hit with Securities Suit Bare electrical wire and leaning poles on Maui were possible cause of deadly fires Hawaiian Electric Falls After Halting Dividend, Drawing Credit
(DBN)

Lesson From Maui: The US Grid Needs Trillions in Upgrades to Survive Climate Change
(DBN)

____________

Autos:

Tesla braces for its first trial involving Autopilot fatality
(DBN)

GM pauses production of most pickup trucks amid parts shortage
(DBN)

Labor Groups Target Hyundai, and Biden, Over Transition to Electric
(DBN)

____________

Celebs:

How Cleveland Browns legend Bernie Kosar went bankrupt after earning millions in the NFL
(DBN)

Tasha K Reportedly Offers To Pay Cardi B 20 Payments Of $222K To Settle $4M Lawsuit After Claiming Broke & Bankrupt
(DBN)

____________

Pillows:

Blue Torch Agrees to Buy Bankrupt Pillow Maker From H.I.G.
(DBN)

____________

Pharma:

As Medicare picks 10 drugs for price negotiations, 50 million people stand to benefit — even if their drugs aren’t on the list
(DBN)

____________

Personal Finance:

Powerball Lottery winner's downfall from $315million fortune to bankruptcy in 5 years
(DBN)

____________

Movie Theaters:

AMC’s Stock Conversion Is Over But Strategists Predict More Dilution
(DBN)

____________

Agribusiness:

Preparing to emerge from bankruptcy, AeroFarms focuses on future
(DBN)

____________

Finance:

Second Circuit Court Affirms Ruling That Syndicated Loans Are (Still) Not Securities
(DBN)

Second Circuit Confirms That Syndicated Bank Loan Is Not a “Security”
(DBN)

____________

Education:

AI, holograms help museums tackle Holocaust, slavery
(DBN)

____________

Rail:

Dozens of Freight Trains, Including At Least 15 Carrying Hazardous Materials, Have Derailed Since East Palestine
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (114 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Healthcare Sector Bankruptcies Are On The Rise
(DBN)

______________

Mass Torts:

Drugmaker Mallinckrodt files for second bankruptcy in the US Mallinckrodt Goes Bankrupt Amid Debt-Cut Plan, Opioid Deal Mallinckrodt plc Takes Next Step to Implement Comprehensive Financial Restructuring Plan to Address Long-Term Debt and Opioid Obligations Mallinckrodt Pharmaceuticals backs down on promise to pay out $1.7 billion to those affected by opioid crisis
(DBN)

Rite Aid to file for bankruptcy Rite Aid is preparing for bankruptcy to avoid potentially massive liabilities from opioid lawsuits Rite Aid Prepares Chapter 11 Bankruptcy to Restructure Debts
(DBN)

3M agrees to pay more than $5.5B in settlement over military ear plugs 3M agrees to pay $5.5 billion over defective military earplugs—about half what financial analysts expected
(DBN)

Purdue Pharma’s Bankruptcy Heads to the Supreme Court
(DBN)

The Supreme Court temporarily halted the corrupt Sackler deal. A permanent fix is needed.
(DBN)

Miracle Meadows abuse settlements reach $100M
(DBN)

____________

Aviation:

Fan blades, engine parts go missing from bankrupt Go First jets, Ireland-based lessor claims Lessors tell court that Go First planes stripped of key parts
(DBN)

Cash-Strapped Go First Airline Extends Flight Cancellations Till Aug 31
(DBN)

An airport staffer has one life hack to avoid losing your bags when you travel
(DBN)

5,000 pilots suspected of hiding major health issues. Most are still flying.
(DBN)

US Wildlife Officials Stunned by Environmental Damage of SpaceX Explosion: Report
(DBN)

____________

Tech:

Entering the age of artificial truth
(DBN)

Trump Can’t Go Home Again
(DBN)

Dude Who Wants Copyrights And Patents On AI-Created Works Loses In Court Again Art generated by AI can’t be copyrighted, DC court says
(DBN)

A.I. Brings the Robot Wingman to Aerial Combat
(DBN)

AI could choke on its own exhaust as it fills the web
(DBN)

____________

Politics:

Trump campaign reports raising more than $7 million after Georgia booking Team Trump demands dibs on mug shot windfall
(DBN)

'The dumbest poll yet': Trump flips out in midnight rant over Fox News election poll
(DBN)

Why Trump’s Rivals May Not Care If He Beats Them
(DBN)

CPAC Vice Chair Resigns Over Turmoil
(DBN)

Pence calls it ‘heartening’ to hear GOP candidates back him on Jan. 6
(DBN)

Christie: Fellow GOP candidates' Trump support "most amazing part" of debate Hutchinson ‘surprised’ so many GOP candidates said they’d support Trump if convicted Christie says Trump as 2024 GOP nominee means four more years of Biden
(DBN)

Vivek Ramaswamy floats Elon Musk as a potential White House advisor if he wins the 2024 presidential election Vivek Ramaswamy's post-debate fundraising haul Karl Rove hits Ramaswamy for ‘over-the-top’ debate performance that was ‘robotic’ Ramaswamy doubles down on calling Pressley part of ‘modern KKK’ Pressley fires back on Ramaswamy’s comments: ‘It is deeply offensive’ Hutchinson knocks Ramaswamy’s criticism of Pressley, progressives: ‘He’s not really looking at real life in America’ Ramaswamy Is the Model Minority of GOP Politics GOP presidential candidate Vivek Ramaswamy is an 'unaffiliated' voter, records show Vivek Ramaswamy says he would've certified 2020 results and Mike Pence missed ‘opportunity for heroism' 5 Wildest Moments of Vivek Ramaswamy’s Sunday Show Blitz
(DBN)

How ‘disaster politics’ could help make — or break — Newsom’s future
(DBN)

Biden campaign co-chair dodges questions on president’s age
(DBN)

Biden is ‘old,’ Trump is ‘corrupt': AP-NORC poll has ominous signs for both in possible 2024 rematch
(DBN)

77 percent in new poll say Biden is too old to be effective if reelected
(DBN)

What the History of Jesse Ventura and Jill Stein Means for Joe Biden
(DBN)

No Labels to hold nominating convention in April, Joe Lieberman says
(DBN)

Kevin McCarthy: House impeachment inquiry into Biden is a ‘natural step forward’ House Republicans barrel toward Biden impeachment inquiry — but some hesitate
(DBN)

Biden official says campaign won’t focus on Trump or Hunter Biden legal problems
(DBN)

Biden's Job Approval 42%; Higher on Ukraine, Race Relations
(DBN)

Thousands converge on National Mall to mark the March on Washington’s 60th anniversary From MLK to today, the March on Washington highlights the evolution of activism by Black churches MLK’s dream for America is one of the stars of the 60th anniversary of the 1963 March on Washington At March on Washington’s 60th anniversary, leaders seek energy of original movement for civil rights
(DBN)

Arizona readies for Kari Lake and contentious Senate race
(DBN)

Ramaswamy-Pence Clash Shows New Right’s Radical Break From Reaganism
(DBN)

CPAC urged to probe more sexual misconduct claims against chair Matt Schlapp
(DBN)

Pentagon protested false Fox News report about fallen Marine, emails show Fox News Apologizes for Since Deleted Story About Fallen Soldier
(DBN)

____________

Religion:

America Is Losing Religious Faith
(DBN)

____________

Sovereigns:

No real fix to the sharp rise in public debt loads, economists say
(DBN)

____________

UK:

Nearly a third of councils in poorest areas on verge of bankruptcy At least 26 English councils ‘at risk of bankruptcy in next two years’
(DBN)

UK’s Bank of Mum and Dad Runs Dry as Homebuyers Turn to Siblings
(DBN)

Experts skeptical Wilko deal will emerge with creditors in driving seat New bid emerges for stricken retail chain
(DBN)

Ilke Homes went under owing £320m
(DBN)

UK Economic Outlook Darkens After Surprisingly Strong First Half
(DBN)

____________

EU:

Lagarde Says ECB Rates to Be as High as Needed for Inflation
(DBN)

ECB’s Kazaks Says He Would Err on Side of Raising Interest Rates
(DBN)

ECB’s Holzmann Sees Case for Rate Hike If No Surprises Turn Up
(DBN)

Which EU Countries Deport the Most People?
(DBN)

Bad loans set to increase at large Spanish, Italian, Austrian banks
(DBN)

____________

Russia:

The Godfather in the Kremlin
(DBN)

The spiraling cost of war means growing economic pain for Russia
(DBN)

Heineken sells off Russian beer business for €1
(DBN)

To ‘crush the Russian army and strangle the troops in frontline fortifications,’ Ukraine needs to advance 10 more miles, says war expert
(DBN)

G7 Will Support Ukraine for as Long as It Takes, Trudeau Says
(DBN)

Allies will not support Ukraine if it moves hostilities to Russia, Zelensky says
(DBN)

____________

China:

Evergrande Restructuring Plan Faces Test as Creditors Vote China Evergrande first-half net loss narrows to $4.5 billion Evergrande seeks to resume trading in Hong Kong, ending 17-month halt after claiming it met all seven conditions imposed by exchange Shares in the crisis-hit Chinese developer plunge by 80% Evergrande shares plunge as much as 87% as trading resumes after 17 months
(DBN)

Country Garden Troubles Threaten to Cause Mayhem for Chinese Property Firms and Banks
(DBN)

China's slow-moving economic disaster China’s Worsening Economic Slowdown Is Rippling Across the Globe China’s economic model isn’t working, but that doesn’t mean the country’s headed for a ‘Lehman moment’ China’s $10 trillion hidden debt mountain could be the ‘ticking time bomb’ that Joe Biden warned of China’s Industrial Profits Drop Persists as Economy Weakens China’s Market Rescue Is Failing as Xi Holds Back on Stimulus China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors Everything China Is Doing to Juice Its Flagging Economy China Markets Rally as Authorities Take Steps to Lift Sentiment
(DBN)

Stimulus or bust: Investors staying out of China until the spending starts Markets Show China Needs a Stimulus ‘Bazooka’ to Woo Investors
(DBN)

____________

India:

'Insolvency and Bankruptcy Code a crucial milestone in the economic reforms': PM Modi
(DBN)

Firms show marked improvement in post-resolution phase
(DBN)

Promoters are clearing their dues faster under the threat of insolvency
(DBN)

Outrage in India as teacher tells students to slap classmate who is Muslim
(DBN)

____________

MENA:

Israel: How did Aura Air go from $60 million valuation to bankruptcy
(DBN)

U.S. tells Israel mega-deal with Saudis must include concessions to Palestinians
(DBN)

A CIA-backed 1953 coup in Iran haunts the country with people still trying to make sense of it
(DBN)

Women once worked in this popular Afghan park. Now they’re not even allowed to visit Taliban stop girls leaving Afghanistan for scholarships
(DBN)

Biden honors service members killed during Afghanistan withdrawal McCarthy orders Capitol flag at half-staff to honor 13 service members killed in Afghanistan exit
(DBN)

____________

Argentina:

IMF Board Approves $7.5 Billion Disbursement to Argentina
(DBN)

Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
(DBN)

'Coldplay dollar' and 'Qatar dollar' highlight Argentina's bizarre currency system as it weighs ditching the peso
(DBN)

The ‘false prophet’ v the pope: Argentina faces clash of ideologies in election
(DBN)

____________

New Zealand:

Top court orders Mainzeal directors, including ex PM, to pay $40m plus interest
(DBN)

____________

Sweden:

Sweden Housing Starts Nosedive in Sign of Worse Shortage to Come
(DBN)

____________

Switzerland:

Bankrupt Swiss Company Sells 20 Tonnes of Uranium Hexafluoride at Auction
(DBN)

____________

Germany:

German Inflation Trauma of 1923 Strikes an Uneasy Chord Today
(DBN)

____________

France:

France to ban Islamic dress in schools
(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 subptption 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 $74.00/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 2023