June 7, 2019

The Daily Bankruptcy News

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Law:

What Are GCs Worried About?
(DBN)

Don’t Forget To Check Your Legal Advice’s Expiration Date
(DBN)

Erratic sleep linked to higher health risks
(DBN)

Leading Corporate Trust, Finance and Restructuring Partner Adam F. Jachimowski Joins Troutman Sanders’ Finance and Restructuring Practice in New York Troutman Sanders Hires Restructuring Partner From Dorsey
(DBN)

Morrison & Foerster Raids Greenberg Traurig to Open Miami Office
(DBN)

Michael Flynn Fires Covington Lawyers Ahead of Sentencing Michael Flynn just fired his lawyers, signaling a possible shift in his legal strategy against Mueller House Democrats introduce contempt resolution for Bill Barr and Don McGahn Rudy Giuliani quits Trump's team and says he will no longer be the president's personal lawyer after the fall out from Robert Mueller's investigation winds down Rudy Quits Trump, Then Backtracks Democrats unveil new strategy in subpoena battles with Trump House Democrats likely to hold Barr, Ross in contempt after subpoena demands are rejected DOJ Refuses to Hand Over Census Documents House Backs Off Holding Barr in Contempt Bill Barr’s Dangerous Claims
(DBN)

Conservative Lawyer Loses Suits Alleging Disbarment Conspiracy
(DBN)

California inmate who received life sentence for joyriding conviction is released after 23 years
(DBN)

Lawsuits May Be Coming Over Jeopardy Champ’s Final Episode
(DBN)

More Americans were shot to death by March 6 this year than died on D-Day
(DBN)

The border is in crisis. Here’s how it got this bad Trump sent US troops to the southern border for a 'national emergency.' They're about to spend the next month painting his wall Troops deployed to border take over mobile security mission New border surge prompts 10% jump in 2019 prediction to 1,072,000 illegal immigrants The GoFundMe Border Wall Is Finished. It’s Not Stopping Migrants From Coming In Venezuela, now a top source of US asylum claims, poses a challenge for Trump TSA allowing illegal migrants to fly without proper documents Federal government opens new holding facility for migrant children
(DBN)

Abortion is set to be a huge issue in 2020 University may return $21.5M after donor's abortion remarks
(DBN)

The Democrats' fantasy of seeing Trump 'in prison' All the Excuses Nancy Pelosi Has Used for Not Impeaching Trump On Trump and impeachment, some Democrats fear a nightmare scenario
(DBN)

Police departments across the US are using video doorbells from Amazon-owned Ring to create an unofficial surveillance network, a new report says
(DBN)

Press Freedom Being Eroded Worldwide
(DBN)

NYPD: Actions at Stonewall Riots were "discriminatory and oppressive" 50 years after Stonewall, the NYPD finally apologizes
(DBN)

Baltimore police sergeant suspended and charged for improper arrest
(DBN)

His DNA solved a century-old jailhouse rape. The victim: his grandmother
(DBN)

Lawyer leads double life as Instagram star
(DBN)

Oxford University student who stabbed boyfriend: I want to be a lawyer
(DBN)

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Judges:

Bankruptcy courthouse one reminder of Cochran’s legacy to judiciary system
(DBN)

BK ND TX: Judge Barbara Houser Retiring
(DBN)

Judge who told black defendant ‘you were never a slave’ fails to win retention
(DBN)

Town justice resigns after allegedly saying he’d like to see defendants ‘swinging outside the door’
(DBN)

SCOTUS Mystery: Why Is the Gundy Decision Taking So Long?
(DBN)

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Wall Street:

US futures rise as Wall Street rally looks set to continue
(DBN)

Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress
(DBN)

Stanley Druckenmiller fears tariffs could kill the market’s ‘animal spirits’
(DBN)

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Layoffs:

IBM is laying off more than 1,000 employees IBM laying off about 1,700 workers: report
(DBN)

Aviva to cut 1,800 jobs globally
(DBN)

Robot baristas latest automation push
(DBN)

As Walmart turns to robots, it's the human workers who feel like machines
(DBN)

Women worldwide are nearly as vulnerable as men to the robot takeover of jobs
(DBN)

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Agribusiness:

Chicken Farmers Thought Trump Was Going to Help Them. Then His Administration Did the Opposite
(DBN)

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Healthcare:

Medical costs cause 'financial hardship' for 1 in 4 cancer survivors
(DBN)

The US has now had 1,001 measles cases this year — the most since 1992
(DBN)

Seniors face a different kind of surprise medical bill
(DBN)

ER bills are skyrocketing
(DBN)

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Festivals:

Ja Rule says the failed Fyre Festival was ‘an amazing idea’
(DBN)

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Magazines:

Entertainment Weekly Going Monthly
(DBN)

Vox Media Staffers Walk Out After Failure to Reach New Contract
(DBN)

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Celebs:

Former Strictly and Blue star Simon Webbe opens up about bankruptcy struggle Blue star Simon Webbe blew £40k a week at height of fame
(DBN)

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Electricity:

Markets Cheer a PG&E Plan; Ratepayers May Feel Differently
(DBN)

PG&E, Fires Worry Californians Who Find Newsom Falling Short
(DBN)

PG&E bankruptcy causing concern about drinking water supply
(DBN)

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Furniture:

At least 12 prospective buyers have inquired about Wood-Mode, but is firm headed into bankruptcy?
(DBN)

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Fraud:

CommuniClique founder arrested, faces felony charge
(DBN)

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Debt Collection:

District Court denies debt collector’s motion for summary judgment FDCPA action concerning a consumer who filed for bankruptcy
(DBN)

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Radio:

America's rural radio stations are vanishing
(DBN)

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Retailing:

Here's how many stores need to close across the US before the retail apocalypse ends, according to analysts
(DBN)

Once-bustling Pa. mall now a boarded-up shell – except for 1 surviving store
(DBN)

Barnes & Noble nearing deal to be bought by Elliott Management Elliott Management to acquire Barnes & Noble for $683 million
(DBN)

How a higher minimum wage could help Walmart
(DBN)

Walmart is going to start delivering groceries inside shoppers’ homes
(DBN)

Off-price retailers emerge as rare winners in trade war
(DBN)

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Economy:

Fed's Flow of Funds: Household Net Worth Increased in Q1 Americans’ wealth recovers from December stock-market swoon
(DBN)

Fed’s Williams says the yield curve isn’t a magic ‘oracle’ for predicting a recession
(DBN)

Fate of Trump's economy is hinging on a Fed he distrusts
(DBN)

Economists: The Fed ‘isn’t enough’ to offset damage of tariff skirmishes with China and Mexico
(DBN)

Chance of a rate cut at next FOMC meeting is 25% as trade worries mount
(DBN)

Nearly 1 in 3 American workers with a side hustle are still struggling to make ends meet
(DBN)

Weekly Initial Unemployment Claims at 218,000
(DBN)

Food stamps helped lift the US economy out of the Great Recession
(DBN)

The jobs report is Friday and economic reports don’t get much more important than this one
(DBN)

U.S. needs a good jobs report and Wall Street forecasts one: 185,000 new jobs, 3.6% unemployment
(DBN)

Goldman: May Payrolls Preview
(DBN)

May Employment Preview
(DBN)

New York Fed president says uncertainty roiling economy may lift in a few months — but doesn’t rule out action in June
(DBN)

Trade Deficit Decreased to $50.8 Billion in April
(DBN)

Stephen Moore, who dropped Federal Reserve bid amid firestorm over comments about women, still eyeing job with Trump
(DBN)

Judy Shelton’s potential nomination to a Federal Reserve Board seat, explained
(DBN)

Poll: Kids View Aging Workforce Negatively
(DBN)

Trump’s Tariffs Have Already Wiped Out Tax Bill Savings for Average Americans
(DBN)

Trump’s demand to Mexico: Keep migrants or suffer tariffs Trump plans to declare new national emergency to impose tariffs U.S., Mexico make progress toward averting tariffs Trump doubles down on threats to slap tariffs on Mexico after monthly border arrests hit a 13-year high Mexico to send national guard to its southern border, as talks with US to resume Friday The real cost of Trump’s tariffs on Mexico, explained Trump, who has repeatedly misstated who pays tariffs, says senators 'have no idea what they're talking about' when it comes to tariffs Mexico aims to avoid tariffs with potential deal limiting migrants Why Trump’s Mexico tariffs are producing a revolt when China tariffs didn’t Trump blames Mexico for a problem with no borders Trump’s tariffs on Mexico mark the latest breaking point for Senate Republicans In Texas, GOP torn over Mexico tariffs Texas Republicans Turn on Trump Over Tariffs House Ways & Means chairman says he'll attempt to block Mexico tariffs if Trump imposes them
(DBN)

Trade wars with China and Mexico will stunt global growth and cost American jobs, analysts say
(DBN)

Trump probably has the upper hand in trade war - until September
(DBN)

Stop lying to me about Trump’s tariffs
(DBN)

What Trump Gets Right About Tariffs
(DBN)

SocGen says ditch U.S, buy China as trade tensions heat up Kirkland’s stock loses almost half its value, as trade war leads to cut in earnings outlook Manufacturers Leaving China But Not Over Trade War Tillerson is Concerned China Will Give Up on Trade Talks Russia Moves to Fill China's US Food Gap
(DBN)

How many Americans live on $2 a day? The biggest debate in poverty research, explained.
(DBN)

Why the jobs report could give the junk-bond market a second wind
(DBN)

America's Poorest Towns
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates slump to 2-year low — but consumers may not bite
(DBN)

House flipping is back – it's just not as profitable as it used to be
(DBN)

Home equity gains continue to slow
(DBN)

Las Vegas Real Estate in May: Sales Up 4% YoY, Inventory up 98% YoY
(DBN)

VA owes disabled veterans refunds on home loan fees, report says
(DBN)

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Municipalities:

Professional Fees in Puerto Rico Restructuring Pass $400 Million
(DBN)

Trump signs $19 billion disaster relief bill and says Puerto Rico ‘should love’ him Trump signs disaster relief bill delayed for months by his opposition to Puerto Rico aid After Failing to “Shut Out” Puerto Rico, Trump Declares Himself Its Savior
(DBN)

Mammoth Energy issues statement on work in Puerto Rico to restore power after scrutiny, stock plunge
(DBN)

CA: Yorba Linda Leads The State As Most Debt-Ridden City
(DBN)

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Oil/Gas:

Oil just tumbled into a bear market. Here's why Trump's trade war is to blame Oil climbs sharply at settlement on report U.S. may delay U.S. tariffs on Mexico
(DBN)

A Gusher of Red Ink for US Shale
(DBN)

Top Bankers Warn Offshore Oil Industry's Debt Woes Aren't Over
(DBN)

Oil sinks into bear market as U.S. storage jumps most since 1990
(DBN)

The global boom in natural gas demand is about to slow, the International Energy Agency says
(DBN)

Fitch Cuts Pemex to Junk as Markets Lose Faith in Rescue
(DBN)

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Banking:

Wells Fargo Considering Just Admitting That No One Wants To Be CEO Of Wells Fargo
(DBN)

Where is dead Bridgeport banker’s yacht?
(DBN)

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Climate:

Climate change is becoming a defining issue of 2020
(DBN)

Oregon is poised to pass a huge climate bill that looks a lot like California’s policy
(DBN)

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Aviation:

Creditors Oust Helicopter Company’s CEO in Bankruptcy Coup
(DBN)

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Food/Beverage:

Perkins & Marie Callender's reportedly weighing bankruptcy
(DBN)

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Religion:

Misconduct with adults next scandal facing the U.S. Church
(DBN)

Abuse scandal grows among Southern Baptists
(DBN)

Historic church gets one last Sunday in sanctuary. After Monday, there's a $1,000 fine for every day until members turn over the keys
(DBN)

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Education:

Parents Gone Wild: High Drama Inside D.C.’s Most Elite Private School
(DBN)

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Tax:

Disclosure of tax returns in litigation: privileged or not?
(DBN)

Tax Dodges of the Super Rich
(DBN)

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Cannabis:

It’s hard times, not high times, for pot growers
(DBN)

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Pharma:

Unit of drugmaker Insys to plead guilty to U.S. opioid bribe scheme
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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)

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Standing:

Creditors of Insolvent Limited Partnerships Lack Standing to Pursue Derivative Claims
(DBN)

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Bankruptcy Reform:

How Bankruptcy Reorganization is Good for Local Communities: aka, Why S. 897 & S. 1091 Need to be Enacted at Once
(DBN)

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IP:

Can you say “No” when your Bankrupt Licensor Rejects your Trademark License?
(DBN)

Trademark Licensees pick up a Win in Bankruptcy
(DBN)

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Discharge:

Supreme Court Holds That A Creditor Cannot Be Held In Contempt For Violating A Bankruptcy Discharge Order If There Is A “Fair Ground Of Doubt” As To The Lawfulness Of The Creditor’s Conduct
(DBN)

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Miscellaneous:

11 Lessons From Startup Chapter 11s
(DBN)

Rochelle
(DBN)

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Autos:

Analysis: We're in the endgame for cars
(DBN)

The Car Industry is Under Siege
(DBN)

Car crash of bad news sends auto stocks plunging
(DBN)

China's state mouthpiece just put Tesla on notice
(DBN)

GM: Lordstown is Officially Finished
(DBN)

Emmanuel Macron Gets a Lesson in Capitalism Who's to blame for the FCA-Renault deal collapse?
(DBN)

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Personal Finance:

Going to college is one of the best investments you can make — even if it doesn’t feel like it
(DBN)

27 surprising things that affect whether you get hired after a job interview
(DBN)

14 lies about money that Americans can’t seem to shake
(DBN)

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Politics:

9 reasons why Trump could lose reelection in 2020
(DBN)

Trump is really unpopular in the most important 2020 battleground states
(DBN)

Trump family members promote themselves, and businesses, on European trip
(DBN)

White House Paid $1 Million to Rent Limos
(DBN)

Trump Claims Glowing Reviews in UK Press
(DBN)

Auschwitz Is Not a Metaphor
(DBN)

Trump calls Pelosi 'Nervous Nancy' before a somber D-Day commemoration at an American cemetery in Normandy Trump insulted Nancy Pelosi and Robert Mueller while at a cemetery for American WWII dead
(DBN)

Who's in -- and out -- of first debates
(DBN)

The 2020 trade war president
(DBN)

Trump’s UK trip illustrates why people worried about a Trump presidency Anti-Trump protesters in London harassed and assaulted Trump supporters
(DBN)

Elizabeth Warren formally endorses her campaign's union Elizabeth Warren makes a forceful argument on how the Hyde Amendment worsens inequality Elizabeth Warren was asked if she’s electable. She pointed out Obama and Trump got the same question Tucker Carlson praised Elizabeth Warren's economic plan and said many of her ideas 'make obvious sense'
(DBN)

When does Biden fire back, if at all? Joe Biden’s evolution on abortion, explained Abortion views like Biden's aren't uncommon among Americans Biden says he no longer supports a ban on federal money for abortions Biden flips on support for Hyde Amendment Front-runner Biden is campaigning for president on his terms
(DBN)

Medicare-for-all is political suicide for Democrats
(DBN)

President Trump's draft avoidance excuses get more incoherent
(DBN)

Americans blame politicians for fake news, but want journalists to fix it
(DBN)

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UK:

James Stunt is branded 'appalling' by a judge as he is officially declared bankrupt
(DBN)

JSW Steel considering bid for insolvent British Steel
(DBN)

Theresa May Resigns Theresa May's Toxic Brexit Legacy
(DBN)

Britain’s Got Talent star facing six years in jail for duping investors into funding debt ridden property empire
(DBN)

What Sir Philip Green needs to do to save Arcadia Group
(DBN)

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EU:

Bankrupt entrepreneurs get a second chance
(DBN)

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Canada:

More British Columbians declaring bankruptcy
(DBN)

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PIIGS:

Greek PM hits out at creditors, warns of return to austerity
(DBN)

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MENA:

Pushing one-state solution in Senate risks Israeli and U.S. interests
(DBN)

Top US commander: Iran 'threat imminent'
(DBN)

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Ukraine:

Ukraine New Bankruptcy Code to Take Effect In October
(DBN)

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Singapore:

Singapore Grants First Domestic DIP Financing Application Based on US Law
(DBN)

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India:

India Filmmaker Loses 32% in Value Over Two Days on Debt Worries
(DBN)

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