September 19, 2023

The Daily Bankruptcy News

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Law:

A&O Shearman Moves Closer To Reality As Partnership Vote Approaches
(DBN)

Why Doesn't Anyone Want To Teach Law Any More?
(DBN)

Morgan Lewis Bankruptcy Lawyer Joins Greenberg Traurig in Boston
(DBN)

Dems jumpstart effort to kick Trump off California ballot
(DBN)

Clark attempts to convince judge to move Georgia charges to federal court '0.0 percent chance': Legal expert laughs off Jeff Clark's latest ploy to duck prosecution
(DBN)

Trump says he ‘saved’ Paxton from being convicted in Texas impeachment push
(DBN)

'This is not good': Trump lawyer overheard stressing as judge questions defense
(DBN)

Trump torched key defense by seeking legal advice from 'someone in a Walmart parking lot': legal analyst
(DBN)

Jan. 6 defendants bring cases to Supreme Court. Here's what it could mean for Donald Trump
(DBN)

Trump could get third obstruction charge in classified documents case: Former FBI counsel Trump wrote 'to-do lists' on the backs of classified documents: former aide
(DBN)

Mar-a-Lago 'Direct Witness' Strengthens Case Against Trump Trump warned personal assistant to tell feds ‘You don’t know anything about the boxes,’ report says
(DBN)

Rudy Giuliani sued by his former lawyers claiming he owes $1.4 million in unpaid legal fees
(DBN)

Hunter Biden Sues IRS for Alleged Breach of His Privacy Hunter Biden Charges Wade Into Supreme Court Fray Over Guns Hunter Biden has gone on the offensive against Republicans. That could be tricky for the president
(DBN)

Murdochs Blamed by NYC Pension Funds for Fox Defamation Scandals
(DBN)

Scandal-Plagued Migrant Services Firm Could Limit New York’s Options
(DBN)

Indiana AG accused of misconduct in abortion case
(DBN)

Delphi murders suspect says Indiana girls were killed as part of sacrifice by white nationalists
(DBN)

Michigan State moves to fire football coach Mel Tucker amid sexual harassment investigation
(DBN)

An artist who turned in two blank canvases titled ‘Take the Money and Run’ has now been told to repay $75,000
(DBN)

Suspect in L.A. deputy killing heard voices, had attempted suicide, mother says
(DBN)

78-year-old arrested after man trimming trees for neighbor was shot and killed in Florida
(DBN)

Texas Lawman Linked to Oath Keepers Convicted After Violating Inmate Rights
(DBN)

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Judges:

BK NV: The Bankruptcy Bugle Newsletter (September 2023) Issue Available
(DBN)

Alito wasn’t bluffing: He believes the Supreme Court is above the law
(DBN)

The Supreme Court’s new term will be dominated by dangerous and incoherent lawsuits
(DBN)

House Democrats press for cameras in federal courts, as Trump trials and Supreme Court session loom
(DBN)

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Wall Street:

Stock futures drift higher ahead of Fed policy meeting
(DBN)

'Dr. Doom' Nouriel Roubini says he would short US stocks for the rest of the year as 10% decline is 'highly possible'
(DBN)

This stock market signal points to the S&P 500 surging 25% within the next year
(DBN)

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Layoffs:

Auto supplier warns 290 layoffs possible at 4 Michigan facilities amid UAW strike
(DBN)

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Student Debt:

Billions pour into Education Department as student loans restart
(DBN)

I Stopped Paying My Private Student Loans, and Somehow Got Lucky
(DBN)

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Nursing Homes:

35-facility nursing home chain files for bankruptcy
(DBN)

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Education:

Texas #1 for Banning Books in Schools
(DBN)

Republican candidate for Missouri governor vows to burn books after viral flamethrower video
(DBN)

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Tech:

Bad news, star employees: You’re not the ones who’ll benefit the most from AI
(DBN)

'He simply wants to kill the platform': Some X users are threatening to quit the app after Elon Musk suggested he might move it behind a paywall
(DBN)

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Crypto:

A crypto influencer was arrested in Hong Kong for a potential $128 million fraud involving 1,400 people
(DBN)

Bitcoin miners seek alternative energy sources to cut costs
(DBN)

Investors have yanked nearly $500 million from crypto funds this summer
(DBN)

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Healthcare:

American Physician Partners Files Chapter 11 Petitions as it Finalizes Orderly Wind Down American Physician Partners Files Bankruptcy After Shutting Down
(DBN)

This Rapping Preacher Is Selling Bleach to Parents to 'Treat' Autism in Kids
(DBN)

____________

Tech:

Musk Now Wants to Charge All Users For Twitter
(DBN)

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Autos:

B-ON files for insolvency
(DBN)

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Crypto:

FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'
(DBN)

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Gig Economy:

Airbnb Really Is Different Now
(DBN)

____________

Climate:

Mass Extinction: Entire Branches on Tree of Life Are Dying, Scientists Warn
(DBN)

Remote Work May Cut Greenhouse Gas by 50%?
(DBN)

Companies Get Renewed Pressure to Disclose Nature-Related Risks
(DBN)

Janet Yellen Is Running Out of Time to Make a Difference on Climate
(DBN)

____________

Personal Finance:

I was laid off twice and ghosted more times than I can count. After heading down a dark spiral, here's how I bounced back.
(DBN)

How the viral 'Bare Minimum Mondays' trend helped me beat the Sunday scaries and avoid burnout
(DBN)

____________


Economy:

Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.3% in August
(DBN)

The Fed's next interest rate decision is expected to be great news for Americans
(DBN)

Global economy poised to slow as rate hikes bite, OECD says
(DBN)

The Global Economy Enters an Era of Upheaval
(DBN)

'Shark Tank' investor Kevin O'Leary warns of a 3-pronged financial disaster as soaring interest rates bite
(DBN)

The Fed Isn't Getting the Economy It Expected
(DBN)

As inflation drops, the Fed's big challenge: What's next?
(DBN)

America is stuck in a greased-pig economy
(DBN)

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks
(DBN)

US national debt hits $33T for first time in history
(DBN)

'This is the last opportunity for us to wake up': A leading economist warns we're headed for an AI-driven cataclysm
(DBN)

Donald Trump's favored inflation gauge? Bacon.
(DBN)

House GOP deal to avert shutdown gets icy reception from conservatives Here’s what’s in Republicans’ proposed deal to prevent a shutdown Far-right Republicans drafted a short-term funding bill with GOP centrists. It’s now at risk of collapse.
(DBN)

Another doomed GOP spending plan collapses
(DBN)

Working from home now has another powerful benefit
(DBN)

Meta is bolstering perks like happy hours and company swag as it pushes staff to return to office, despite its ‘year of efficiency’
(DBN)

Millions of parents risk child care gap if federal assistance ends this month
(DBN)

The dream — and reality — of moving to Florida
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.33% in August"
(DBN)

Lawler: Early Read on Existing Home Sales in August and Some New Household/Housing Stock Data
(DBN)

NAHB: Builder Confidence Decreased in September Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates
(DBN)

Housing September 18th Weekly Update: Inventory increased 1.9% Week-over-week; Down 6.1% Year-over-year
(DBN)

Top economist Mohamed El-Erian warns of commercial real-estate pain as 'massive' refinancing looms
(DBN)

Leaves will fall. Housing prices won’t, experts predict
(DBN)

WeWork faces $30M lawsuit as DivcoWest demands full payment amid bankruptcy threat
(DBN)

____________

Oil/Gas:

Oil prices are on track to hit $100 a barrel, but the economy can handle it, Chevron CEO says
(DBN)

Fed Faces Familiar Foe as Oil Prices Threaten Growth, Inflation
(DBN)

EIA Forecasts Continued Decline In U.S. Shale Oil Output
(DBN)

The new front in Big Oil's courthouse climate fight
(DBN)

Tesla Has Built 5 Million Electric Cars
(DBN)

____________

Labor:

US auto workers threaten to 'amp up' historic strike if wage offers do not improve UAW will strike at additional U.S. auto plants if ‘serious progress’ isn’t made by noon Friday Automaker earnings revved post-pandemic, setting the stage for the UAW strike The UAW strike and the inexorable math of electric vehicles How Elon Musk could win the UAW strike ‘Political dynamite for Biden’: Automakers’ strike could remake industry Tim Scott, asked about auto strikes, praises past firing of striking federal workers Yellen says it’s too soon to gauge economic impact of UAW strike UAW president: White House will have no role in negotiating agreement to end strike UAW Strike Collides With Biden's Manufacturing Agenda Trump To Head To Detroit, Eyeing Opportunity In Autoworkers Strike As Trump woos Detroit unions, Dems urge Biden to join UAW strikers UAW Says It’s Still Waiting for Counteroffers From Detroit Three
(DBN)

Maher Reverses Decision to Host Show During Writers Strike
(DBN)

What’s the state of the Hollywood strikes?
(DBN)

US CEOs Paid 1,000X More Than Workers
(DBN)

____________

Politics:

‘I plan to wear a bikini’: Senate Republicans mock changes to dress code
(DBN)

Trump attacks 'liberal Jews destroying America' in Rosh Hashanah message Trump accuses 'liberal Jews' of voting to 'destroy America and Israel' in Rosh Hashanah message
(DBN)

Fact-checking Trump’s falsehoods on NBC’s “Meet the Press”
(DBN)

The Ex-South Park Writer Taking On Moms for Liberty
(DBN)

Trump sounds ‘cognitively impaired’ every time he speaks: Scarborough
(DBN)

Republican Victoria Spartz blasts ‘another worthless Congress,’ calls McCarthy ‘weak Speaker’
(DBN)

Biden trails Trump, Haley, Scott in 2024 race: poll
(DBN)

Anxiety ripples through the Democratic Party over Biden
(DBN)

Blackstone CEO Schwarzman Says Expect the Unexpected in Volatile US Politics
(DBN)

Trump asks why Republicans haven’t moved to oust Biden under 25th Amendment
(DBN)

Voters divided over Biden impeachment push: poll
(DBN)

There's Plenty of Evidence of Corruption Around Biden
(DBN)

The Ken Paxton Impeachment Legacy
(DBN)

Tim Ballard’s Departure From Operation Underground Railroad Followed Sexual Misconduct Investigation LDS Church takes down articles promoting Tim Ballard, Operation Underground Railroad
(DBN)

Boebert could face sex crime charge under Colorado's lewdness law
(DBN)

Mitch McConnell Will Not Go Gently Into the Senate Goodnight
(DBN)

Pennsylvania rolls out automatic voter registration
(DBN)

Vivek Ramaswamy regrets taking the Covid vaccine. His wife, a surgeon, does not.
(DBN)

Tim Scott delivers his sharpest criticism yet of Trump over abortion comments
(DBN)

How Florida became the center of the Republican universe
(DBN)

____________

Celebs:

Katie Price dodges bankruptcy hearing again as case is delayed until 2024
(DBN)

____________

Agribusiness:

AeroFarms emerges from bankruptcy, names new CEO AeroFarms exits Chapter 11 with new leadership, refreshed focus
(DBN)

As indoor farming startups with hundreds of millions in funding head to bankruptcy, critic says: ‘Boy, this is a dumb idea’
(DBN)

____________

Cannabis:

Patrick Mahomes-backed business files for bankruptcy, lays off employees
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (119 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Rate hikes cut both ways as corporate bankruptcies head for worst year since 2010, Guggenheim says
(DBN)

______________

Exemptions:

BK WD WA: Homestead Exemption: Median Sales Prices Published
(DBN)

____________

Mass Torts:

Bankrupt Drugmaker Mallinckrodt in Talks to Sell Business Units, Potentially Exiting Opioid Business
(DBN)

____________

Bankruptcy Strategy:

Why Small Businesses Are More Reluctant to File for Chapter 11
(DBN)

Prison Health Contractor Expands Texas Two-Step Bankruptcy Tactic A prison medical company faced lawsuits from incarcerated people. Then it went ‘bankrupt.’
(DBN)

____________

Discharge:

Discharge Discrimination
(DBN)

____________

Insurance:

Vesttoo case update: Order again enforces automatic stay, with no discovery
(DBN)

Vesttoo notes some creditors question independence of its internal investigation
(DBN)

Vesttoo may be Bermuda’s ‘largest insurance fraud’ ever
(DBN)

____________

Aviation:

Air Belgium: A Tale of Resilience Amid Financial Struggles Air Belgium seeks creditor protection; axes passenger ops
(DBN)

Marines ground all flights after string of serious 'mishaps,' including the mysterious disappearance of an F-35 stealth fighter jet How did it take the Pentagon 28 hours to find missing F-35 that had crashed in a field 80 miles from base?
(DBN)

____________

Sovereigns:

Crisis and Bailout: The Tortuous Cycle Stalking Nations in Debt
(DBN)

Ghana: Government is still spending as though there’s no crisis – Prof. Bokpin on reopened DDEP
(DBN)

____________

UK:

High Court confirms Galapagos restructuring was valid
(DBN)

Onto declares insolvency
(DBN)

'Bankrupt' Birmingham City Council braced for government intervention
(DBN)

Could 'bankrupt' Birmingham sell assets to raise funds?
(DBN)

Birmingham City Council Declares Bankruptcy, Prompts Commissioner Appointment and Asset Sales
(DBN)

Oracle at Europe's largest council didn't foresee bankruptcy
(DBN)

____________

MENA:

New wave of terror strikes West Bank with shooting, stabbing attacks
(DBN)

5 Americans detained in Iran freed in prisoner swap
(DBN)

____________

Canada:

Ripe or Rotten? Proposed BIA and CCAA Deemed Trusts for Perishable Fruit and Vegetable Suppliers
(DBN)

____________

Russia:

Armed men storm offices of bankrupt Russian oil producer
(DBN)

Ukraine looks to seize interest on Russia's frozen assets as Kyiv scrambles for wartime funds
(DBN)

Russia is exhausting its resources and ‘a reckoning is coming,’ says Ukraine’s spy chief
(DBN)

Elon Musk mocked Ukraine’s summer counteroffensive in a stinging post on X: ‘So much death for so little’
(DBN)

Ukraine's drone campaign plans to exhaust Russia's air defenses, disable its bombers, and damage military production, says spy chief
(DBN)

Western companies have $18 billion in Russia profits they can't touch
(DBN)

Republicans are a lot more pro-Ukraine than their presidential candidates
(DBN)

Russian soldiers blow themselves up after getting drunk on resupply run
(DBN)

Ukraine Braces for ‘Severe Winter’ of Attacks, Deputy PM Says
(DBN)

Poland Signals It Will Stop Aid for Ukrainian Refugees Next Year
(DBN)

____________

China:

Sunac, Country Garden debt deals bring respite for China's property sector Country Garden Wins Approval to Extend Yuan Bond With Sweetener
(DBN)

China Evergrande debt restructuring fate is in the hands of secretive group of holdout creditors who need to be won over at Sept 25-26 meeting
(DBN)

An Even Bigger Housing Crisis Threatens China’s Economy - WSJ
(DBN)

Chinese state firms' help to troubled shadow bank does little to address investor concerns
(DBN)

Debt deals, bankruptcy report roil China property
(DBN)

Chinese developer Sunac seeks Chapter 15 protection in New York court
(DBN)

US Companies Are the Gloomiest in Decades About China Outlook
(DBN)

Asian Shares Tumble Amid Chinese Property Sector Concerns
(DBN)

____________

Mexico:

Mexico's Unifin files draft of plan to restructure debt Mexico's Credito Real to File Wind-Down Deal Backed by Holders
(DBN)

____________

Asia:

Great (Restructuring) Expectations: Where to next for Asia
(DBN)


____________

Germany:

German home building permits plunge as industry calls for stimulus
(DBN)

Germany Joins Argentina as Only G-20 Member Facing GDP Drop
(DBN)

Germany Bans US-Linked Neo-Nazi Group, Conducts Nationwide Raids
(DBN)

____________

Netherlands:

Big Bazar is not bankrupt yet: the mysterious lender comes to the rescue
(DBN)

____________

France:

Casino Shares Jump on New Agreement in Principle With Creditors
(DBN)

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