April 22, 2020

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:

Hometown Edge Faded for Houston Big Law as Oil Bankruptcies Loom
(DBN)

Newly Merged Biglaw Firm Lays Off Attorneys Amid COVID-19 Upheaval
(DBN)

Not Satisfied With ‘Unpaid Leave,’ Am Law 100 Firm Slashes Salaries For All
(DBN)

Top-Ranked Biglaw Behemoth Cuts Partner Pay, Delays Raises And Bonuses
(DBN)

In More Expense Trimming, Ogletree Cuts Pay for All Lawyers and Some Staff
(DBN)

Magic Circle Firm Defers Partner Compensation, Delays Bonus Payments, And More
(DBN)

What Good Might Come Out Of The Coronavirus Crisis?
(DBN)

Illinois law firm faces class action alleging it used scheme to exploit clients, bankruptcy laws
(DBN)

Small Law Practices Frustrated With SBA's Loan Fund Program
(DBN)

As Workforce Scatters, Onus Falls on Practice Group Leaders to Keep Firm Culture Intact
(DBN)

Worried You Look Awful on Zoom?
(DBN)

Another pandemic woe: Zoom fatigue
(DBN)

15 email etiquette rules every professional should know
(DBN)

Litigators Talk Shop About Preparing for Phone, Video Court Appearances
(DBN)

Covid-19: Restrictions on creditor rights, relaxation of obligations to file and other insolvency-related reforms/proposals
(DBN)

Average multistate bar exam score drops to new low, raising concerns about bar pass rates
(DBN)

Male Legal Group Leaders Still Top Paid, Despite Recent Pay Cuts
(DBN)

Are Gender Pay Gaps Worse for General Counsel at the Largest Corporate Legal Departments?
(DBN)

The Rise of the Mega Firm: Legal Departments Face Difficult Questions Amid Law Firm Mergers
(DBN)

‘Constitutional Lawyer’ Senator’s Take on Online First Amendment Freedoms Doesn’t Go Over Well
(DBN)

Facebook Removed Coronavirus Protest Posts. That’s a Bad Idea
(DBN)

Chairs of House Intel and Judiciary Committees Request Investigation into AG Barr Over Recently Fired Inspector General
(DBN)

AG Barr Didn’t Rule Out Durham Probe Indictments Dropping Just Before Presidential Election
(DBN)

Barr Reveals Likely Trump Administration Legal Playbook to ‘Jawbone’ the States into Reopening for Business
(DBN)

Two W.Va. lawmakers say governor's stay-at-home order may violate Bill of Rights
(DBN)

Trump administration reverses prisoner coronavirus release policy, advocates say
(DBN)

Judge rules Rick Gates doesn’t have to spend days in jail during pandemic
(DBN)

Can Trump Ban All Immigration? The Supreme Court Will Decide Trump Has Key Ally for His Immigration Halt: The Supreme Court
(DBN)

Banks Funneled Stimulus Funds To Largest Companies To Fatten Fees, Lawsuits Say
(DBN)

How the coronavirus is surfacing America’s deep-seated anti-Asian biases
(DBN)

4/20 NYC Weed Party Raided, More Than 40 People Busted for Breaking COVID-19 Orders
(DBN)

Missouri Sues China for ‘Campaign of Deceit’ Masking Outbreak
(DBN)

Court Allows Texas to Ban Abortions Using COVID-19 Excuse—Again
(DBN)

Florida Lawyer Arrested for Allegedly Running Prostitution Ring From His Home
(DBN)

______________

Judges:

The Inside Track, Episode 21: Judge Kevin Gross
(DBN)

Bankruptcy on Ice – Retail Debtors Taking Steps to Freeze Chapter 11 Bankruptcy Proceedings Based on COVID-19 Issues
(DBN)

Supreme Court adds to its public debate over precedent ahead of major rulings
(DBN)

Expanding Electronic Access to the Federal Courts: the Pandemic’s Unexpected Opportunity
(DBN)

Federal judge, 76, takes lawyers on skid row tour
(DBN)

Montana Judge Draws 30-Day Ban After Repeated Conduct Violations
(DBN)

Judge Won't 'Destroy' King & Spalding Billing Records the Firm Wants to Pull Back
(DBN)

Democrats push Joe Biden to release Supreme Court short list
(DBN)

______________

Wall Street:

US stock futures higher as Wall Street looks to rebound from two days of steep losses
(DBN)

Global stocks mixed after Wall St hit by oil market turmoil
(DBN)

New York stocks plunge again over oil prices
(DBN)

Billionaire investor: Stock market 'inappropriately positive'
(DBN)

The stock market's demand disconnect
(DBN)

The collapse in oil is a wake-up call for stock markets
(DBN)

Stocks Are Finally Feeling the Fear That’s Hitting Other Markets
(DBN)

From Microsoft to Home Depot, Stifel says these stocks are poised to surge in the coronavirus aftermath
(DBN)

Jim Cramer says it’s a ‘mistake’ for investors to read too deep into the oil collapse
(DBN)

______________

Layoffs:

U.S. car rental company Hertz to lay off 10,000 staff on coronavirus hit
(DBN)

Annapurna Pictures Announces String Of Layoffs, Including CFO James Pong
(DBN)

Oil industry sheds 51,000 jobs in March
(DBN)

Beaumont Health temporarily laying off 2,475 employees, permanently eliminating 450 jobs
(DBN)

Arnot Health: Approximately 400 employees furloughed
(DBN)

Lennox International to lay off 183
(DBN)

Louisville Slugger Furloughs 171 Workers
(DBN)

LendingClub to lay off about a third of employees due to coronavirus
(DBN)

Valparaiso U Lays off 200, Cuts Pay of Others
(DBN)

More than 130 Genesee County government employees get temporary layoff notices
(DBN)

______________

Healthcare:

A Former Healthcare CEO Explains Why Hospitals Need To Take More Non-COVID Patients
(DBN)

Many Health Providers on Brink of Insolvency
(DBN)

U.S. coronavirus deaths top 45,000, doubling in little over a week - Reuters tally
(DBN)

N.J. Reports Record New Deaths, Expects Hospital Shift South
(DBN)

Public health experts are now the bad guys
(DBN)

Study: California town is testing every resident for coronavirus
(DBN)

New data shows first U.S. coronavirus death earlier than thought
(DBN)

Why some states became coronavirus hot spots — and others haven’t
(DBN)

Doctors discover why severe coronavirus cases are more common in men
(DBN)

Coronavirus Kills More Americans in One Month Than the Flu Kills in One Year
(DBN)

FDA Now Says Smokers May Have Higher Risk of Catching Covid-19
(DBN)

New Jersey Reports Record of 379 New Deaths From Coronavirus
(DBN)

Study: Rate Of Coronavirus Infections In LA Up To 55 Times Higher Than Confirmed Cases
(DBN)

Coronavirus Infections May Not Be Uncommon, Tests Suggest
(DBN)

Trump taps Puritan Medical to ramp up coronavirus swab testing production
(DBN)

Nearly a third of coronavirus antibody test participants show exposure in Massachusetts
(DBN)

Los Angeles residents are putting off hospital visits over coronavirus fears
(DBN)

The Reason Hospitals Won’t Let Doctors and Nurses Speak Out
(DBN)

ER Doctor Living In Treehouse To Keep Family Safe During Coronavirus Pandemic
(DBN)

Coronavirus Taking Emotional, Physical Toll On Doctors: ‘I’ve Never Spent So Much Time Crying’
(DBN)

NYC to Create Own Strategic Reserve for Hospital Supplies
(DBN)

De Blasio Says NYC Will Hold Ticker Tape Parade After Pandemic Ends
(DBN)

Cemetery races to keep up as New York virus deaths mount
(DBN)

Crazy people are poisoning themselves while trying to kill coronavirus
(DBN)

Man dies from coronavirus after calling it a ‘political ploy’
(DBN)

Embattled WHO says worst of COVID-19 pandemic lies ahead — but offers no explanation as to why: ‘Trust us’
(DBN)

CDC director warns second wave of coronavirus this winter will likely be worse
(DBN)

Canada wants an investigation of WHO’s response to coronavirus pandemic
(DBN)

Coronavirus ‘likely’ to have come from animals — not a lab, WHO says
(DBN)

WHO warns people will need to get used to 'a new way of living' Coronavirus May Have Long-Term Social Behavior Effects
(DBN)

‘I Would Never Wish This On Anyone’; In Severe Cases, COVID-19 Can Leave Patients With Breathing Problems For Months
(DBN)

More deaths, no benefit from malaria drug in VA virus study Trump-backed anti-malaria drug for coronavirus finds no benefit, more deaths: study U.S. Virus Treatment Guidelines Reject Trump-Backed Drug Combo
(DBN)

U.K. to Start Human Trials of Coronavirus Vaccine on Thursday
(DBN)

How Coronavirus Kills
(DBN)

Director of U.S. agency key to vaccine development leaves role suddenly amid coronavirus pandemic
(DBN)

This game-changing coronavirus therapy is already saving lives
(DBN)

After requiring people to wear masks, many localities are discovering that discarded masks are becoming a health hazard
(DBN)

F.D.A. Authorizes First In-Home Test for Coronavirus
(DBN)

____________

Tech:

Chinese iPhone factories cut workers as demand dips
(DBN)

____________

Personal Finance:

Emergency cash needs leaves college savings accounts in jeopardy
(DBN)

‘I was punished for being responsible. I filed my 2019 taxes early — and received almost no stimulus check’
(DBN)

How Coronavirus Has Made Us All Very Handy
(DBN)

Secrets of the Lockdown Lifestyle Laid Bare in Power Market Data
(DBN)

____________

Food/Beverage:

Air-conditioning spread the coronavirus to 9 people sitting near an infected person in a restaurant, researchers say. It has huge implications for the service industry.
(DBN)

Food Rationing Is New Reality for Buyers Once Spoiled for Choice
(DBN)

Five threats to US food supply chains
(DBN)

Chuy's same-store sales fall nearly 10% in Q1, 80% of hourly workers furloughed
(DBN)

Howard Schultz urges government to save small restaurants with a financial ‘bridge to a vaccine’
(DBN)

Food companies make tough shift to supply grocers as COVID-19 closes restaurants
(DBN)

Hotels, Restaurants and Bars: What to Expect When Restrictions Are Lifted
(DBN)

What’s Next for Restaurants Shut Out of Paycheck Protection Program
(DBN)

JBS Shuts Down Pork Plant, Hormel Closes 2 Plants As COVID-19 Cases Increase
(DBN)

Shake Shack says ‘confusing’ small-business loan program needs to change to provide a lifeline to ailing restaurants
(DBN)

America’s food supply chain moves backward
(DBN)

Chef David Burke on how restaurants can reopen and follow social distancing guidelines
(DBN)

Numbers show restaurants face dire financial future
(DBN)

Parent company of Bravo Cucina Italiana restaurant files for bankruptcy
(DBN)

____________

Software:

IBM says customers are in cash-conservation mode, a foreboding sign for software earnings
(DBN)

____________

Cruise Lines:

Is Carnival Cruising Into Bankruptcy?
(DBN)

____________

Hospitality:

Unprecedented Effects: How the Hospitality Industry Will Recover
(DBN)

____________

Debt Collection:

Stimulus checks: How New York is blocking creditors from coming for your money
(DBN)

____________

Climate:

As people stay home, Earth turns wilder and cleaner
(DBN)

Global Warming Threatens to Dry Out Europe’s Crop Fields
(DBN)

On Earth Day, pope says nature will not forgive our trespasses
(DBN)

____________

Education:

Prolonged school closures could be very costly for America’s students
(DBN)

Can Colleges Survive Coronavirus? 'The Math Is Not Pretty'
(DBN)

While other colleges struggle, for-profits hope for revival
(DBN)

Harvard Says It Didn’t Get Small Business Aid After Trump Threat
(DBN)

____________

Utilities:

California regulator wants PG&E reorganization plan changes, proposes $2 billion fine With clock ticking, Calif. regulators weigh approval of $58B PG&E restructuring California Regulator Sets Terms for PG&E to Exit Bankruptcy CPUC proposes approving PG&E's bankruptcy plan, with a vote scheduled for May State Officials Receiving Recommendations To Approve PG&E’s Plan To Emerge From Bankruptcy
(DBN)

____________

Student Debt:

PSLF update
(DBN)

____________

Religion:

New York Hasidic Jewish Communities Hit Hard by Coronavirus
(DBN)

No faithful, no cash: Lockdown proves critical for German mosques
(DBN)

Turkey Prohibits Joint Ramadan Meals Due to Contain Virus
(DBN)

Louisiana Pastor Who Has Roy Moore on His Legal Team Faces New Charge for Backing Up a Bus at a Protester A Louisiana pastor who defied orders and held services has been arrested
(DBN)

____________

Weddings:

Weddings Are Their Job. What Happens When Everyone Postpones?
(DBN)

____________

Celebs:

CNN stages Chris Cuomo ’emerging’ from a weekslong COVID quarantine — except he publicly broke quarantine last week
(DBN)

Dance Moms star Abby Lee Miller hit with $182K tax debt after prison sentence for bankruptcy fraud
(DBN)

____________

Insurance:

Aflac Expects Claims to Increase With Covid-19 Hospital Visits
(DBN)

____________

Hedge Funds:

Hedge Fund Star Who Won Big in Last Crisis Slumps to 26% Loss
(DBN)

____________

Sports:

How viewer-starved sports networks are filling the coronavirus void
(DBN)

NBA regular-season could be on the verge of a makeover if league restarts
(DBN)

XFL CEO Oliver Luck Sues Vince McMahon After XFL Bankruptcy
(DBN)

More Than $6 Million in Relief Coming for Tennis Players
(DBN)

Virus-caused unemployment in tennis could lead some to quit
(DBN)

Olympic and Paralympic Committee leadership take pay cuts, warn more to come
(DBN)

____________

Event Facilities:

Objections to Oshkosh arena reorganization
(DBN)

____________

Hotels:

Can the New Small Business Chapter 11 Save Your B&B or Airbnb?
(DBN)

Hotel Occupancy Rate by Week of the Year
(DBN)

____________


Economy:

Bankruptcy’s Role in the COVID-19 Crisis
(DBN)

Gallup: 25% of U.S. workers fear they'll lose their jobs due to the coronavirus pandemic 52 million people worry about losing jobs as loans are slow to get to businesses
(DBN)

Initial Weekly Unemployment Claims Since 1971
(DBN)

Americans’ Fear of Job Loss Surges to 45-Year High, Poll Shows
(DBN)

‘Scary Time’ for American Middle Class as Office Jobs Disappear
(DBN)

The Fed Is Buying $41 Billion of Assets Daily and It’s Not Alone
(DBN)

Good Budget News on Fed Programs May Be Bad News for the Economy
(DBN)

How COVID-19 Will Change The Financial World: Ford, The Fed, And The Bond Market
(DBN)

Powell Was Right Not to Worry About Inflation. Oil's Price Collapse Is Proof.
(DBN)

U.S. Says WTO’s Appellate Body Is Invalid, Balks at Compliance
(DBN)

U.S. Jobs-Report Survey May Add Questions to Gauge Virus Impact
(DBN)

Billionaire Calls On Other Billionaires To ‘Step Up,’ Donates 2 Percent Of What He Earned Last Year
(DBN)

Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’
(DBN)

A Stanford economist says we're headed for a crisis worse than the Great Depression. Here's his plan for getting people back to work and spending on businesses.
(DBN)

Redefining ‘Extraordinary Circumstances’ in the Wake of COVID-19
(DBN)

The US faces a double-dip coronavirus recession, according to veteran emerging markets investor Mark Mobius
(DBN)

Some people are earning more in unemployment benefits than they did while working, leaving little incentive to return to their jobs
(DBN)

Schumer says deal in place to boost spending for small businesses and virus testing, but GOP urges caution Democrats reportedly reach a $450 billion deal with the White House in order to expand funding for small business loans, and Trump says he will sign it Congress Set to Add $310 Billion to Paycheck Protection Program
(DBN)

Politicians Are Running the Economy Now
(DBN)

Democrats Unveil Virus Workplace-Safety Bill Amid Relief Talks
(DBN)

Virus Aid Watchdog Will Have Subpoena Clout, Member Says
(DBN)

Americans Sour on Economic Outlook in Lockdown, Embrace Stimulus
(DBN)

Employers bear the brunt of the coronavirus reopening Coronavirus is largely spread by people without symptoms. Here’s what that could mean for reopening the economy. Coronavirus lockdown exits complicated by new infection data Trump attacks a Republican governor for following his coronavirus testing advice Texas Lt. Gov Dan Patrick says 'there are more important things than living' to justify re-opening the state's economy Tennessee anti-lockdown protester demands state ‘sacrifice the weak’ to reopen economy Why the US government isn’t making health a priority of its economic response to coronavirus Gretchen Whitmer: My Gut-Wrenching Coronavirus Choices Eran Yashiv: how to reopen society more quickly Some states move toward reopening while death toll rises Inside the Georgia governor’s hugely high-stakes gamble Don Lemon Cuts Up Georgia’s ‘Edward Scissorhands’ Coronavirus Reopening Plan Atlanta mayor ‘at a loss’ over Georgia governor’s move to reopen state economy Leader of world’s fifth-largest economy “can’t say” the worst is over Georgia to open gyms, nail salons, more on Friday Axios-Ipsos Coronavirus Week 6: Too risky to go back to "normal" Georgia got lifting restrictions backward, Connecticut Gov. Ned Lamont says Georgia’s Governor is Risking a Coronavirus Resurgence by Reopening the State, Says Editorial Board State’s Largest Newspaper Lindsey Graham warns that Georgia is opening ‘too soon’ amid coronavirus Bowling Alleys, Hair Salons, and Barber Shops? Republican Governors Criticized for Reopening States Too Soon Analysis: This Republican’s logic on reopening is totally illogical These California communities say it’s safe to start reopening South Carolina has already begun to reopen beaches, department stores, and flower shops Coca-Cola CEO warns that lifting coronavirus lockdowns on US businesses might not stick Protesters Pushing to Reopen Economy Are ‘Idiots,’ Says Top Manufacturing Lobbyist The Statistical Case for Reopening Georgia and South Carolina Is Weak New Jersey Governor’s Approval Hits Record High on Crisis Management Cuomo Inches Toward N.Y. Reopening, Eases Up on Elective Surgery Trump Mega-Donor, a Shipping Magnate, Pushes to End a Shutdown Citi May Be More Cautious Than Governments in Reopening Offices Some US governors move to reopen their states, though some local leaders are pushing back Jim Cramer: Charts show the US could reopen for business in three weeks The global experiment of exiting lockdown Chicago: Mayor Lightfoot Says Stay-At-Home Order Could Go Into June
(DBN)

What Will Our New Normal Feel Like? Hints Are Beginning to Emerge
(DBN)

US needs to prepare for more deaths as coronavirus outbreak moves past peak
(DBN)

How some cities ‘flattened the curve’ during the 1918 flu pandemic
(DBN)

The Trump administration is seizing on the coronavirus pandemic to roll back business regulations as it pushes to reopen the economy
(DBN)

Here are the largest public companies taking payroll loans meant for small businesses America's richest fast-food giants qualify for $10 million coronavirus stimulus loans, revealing a disturbing loophole in a program designed to help struggling small businesses
(DBN)

More than 150,000 people have signed a petition calling for Ruth's Chris Steak House to return $20 million in loans meant to help small businesses
(DBN)

‘Shake Shack’ Loophole Stays Open, Spawns a Washington Whodunit
(DBN)

Several major US banks are being sued for unfair PPP lending practices JPMorgan Commercial Clients Beat Out Smaller Ones for SBA Loans
(DBN)

Indiana coal company with ties to Trump administration just got a $10 million small business loan
(DBN)

Big Investors Warn Hedge Funds on Tapping Small-Business Loans
(DBN)

Only 2 to 3% of people tested have COVID-19 antibodies, suggesting that 'immunity passports' may not be an effective policy to get people back to work
(DBN)

Banks Bumped Big Loans Ahead of Others in COVID-19 Relief Program, Lawsuits Say
(DBN)

Another key SBA lending program jeopardized by bailout chaos
(DBN)

Coronavirus is the biggest disaster for developing nations in our lifetime
(DBN)

Fool me twice? For businesses and consumers, coronavirus is the financial crisis all over again
(DBN)

One $1,200 stimulus check won’t cut it: Give Americans $2,000 a month tax-free to fire up the economy
(DBN)

The Small Business Administration just told thousands of businesses applying for disaster loans that their personal information was mistakenly leaked
(DBN)

California Gets Largest Share of Disaster Loans That Ran Dry
(DBN)

Criminal records shut small biz owners out of aid program
(DBN)

The Paycheck Protection Program needs better oversight on how the money is granted, critics say
(DBN)

Cuomo: Federal government should pay frontline workers ‘hazard pay’ for risking their lives during coronavirus pandemic
(DBN)

Cuomo says focus of White House meeting with Trump will be coronavirus testing Andrew Cuomo Praises Maryland Gov. Larry Hogan on His Way to Oval Office Meeting
(DBN)

Critics Slam Trump's Immigration Ban: Nothing Says We're Ready to 'Open' Like We're 'Closed' Trump’s threat to end immigration to the US, explained Trump immigration ban halts green cards, not temporary visas
(DBN)

Millennials are getting screwed by the economy. Again.
(DBN)

Who will pay for the coronavirus bailout? If you’re under 50 and working, you will
(DBN)

Coronavirus brings new levels of misery to impoverished California trailer park
(DBN)

Coronavirus could double number of people who go hungry globally Starvation’s Toll Tops Virus Risk for Poorest Nations, UN Warns Coronavirus pandemic will cause global famines of ‘biblical proportions,’ UN warns
(DBN)

Wealthy people are buying extra freezers to stock up on coronavirus groceries in their second homes, and it could cripple small towns with limited resources
(DBN)

The IMF says governments should consider new wealth taxes to raise cash from the rich as coronavirus slams the global economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

“We had to turn investors away:” Distressed RE funds raising cash at breakneck pace
(DBN)

COVID-19 Impacts on Landlords of Retail Debtors
(DBN)

CRE Lenders Might Not Like How Bankruptcy Courts Treat Them During the Coronavirus
(DBN)

U.S. CMBS Delinquencies Projected to Approach Great Recession Peak Due to Coronavirus
(DBN)

US existing home sales slumped the most since 2015 last month as coronavirus eroded demand
(DBN)

New listings and home sales drop in what would have been peak homebuying season
(DBN)

Houston: John Daugherty, Douglas Elliman headed to court over acquisition's collapse
(DBN)

Nearly 3 million borrowers are already in forbearance
(DBN)

More renters are paying rent partially or not at all
(DBN)

U.S. Existing-Home Sales Decline by Most Since November 2015
(DBN)

Wealthy Mortgage Borrowers Face Cold Shoulder From Lenders
(DBN)

Housing regulator bows to pressure to aid struggling mortgage companies
(DBN)

These markets could see the sharpest drop in home prices during coronavirus pandemic
(DBN)

March home sales drop 8.5% as sellers take properties off the market
(DBN)

Fannie-Freddie Not Buying Problem Loans Has U.S. Seeking Fix
(DBN)

Brooklyn Luxury Tower Hits Market With Pandemic Sapping Demand
(DBN)

____________

Municipalities:

The Fed should not be bailing out the underfunded pensions of cities and states
(DBN)

Fed’s $500 Billion Muni-Lending Plan Faces Hurdles in State Laws
(DBN)

For Cities, This is a Fiscal Disaster
(DBN)

Puerto Rico 2.0? Wall Street Warns of More Caribbean Debt Dramas
(DBN)

Puerto Rico Lags Behind in Coronavirus Testing
(DBN)

Hard times ahead for Houston as oil falls to its lowest price in history Houston Is Not Prepared for the Oil Bust
(DBN)

States Are Being Crushed by the Coronavirus. Only This Can Help.
(DBN)

____________

Oil/Gas:

Oil Market Crash Could Lead To Mass Bankruptcies
(DBN)

Meltdown in oil continues as Brent falls 5%; US oil futures dip below $11
(DBN)

Billionaire investor Howard Marks calls the oil crash ‘completely rational’
(DBN)

I do not think you will see another round of negative oil price: Jim Rogers
(DBN)

The hunt for oil storage space is on — here’s how it works and why it matters
(DBN)

Oil Industry Braces for Complete Devastation
(DBN)

The Worst is Yet to Cone for Oil Prices
(DBN)

Why oil at negative US$100 isn't a crazy bet anymore
(DBN)

Trump directs Mnuchin, Energy secretary to create plan to fund US oil, gas industries during sell-off Trump floats funding for oil after historic market loss Trump wants to provide emergency aid for energy companies as a historic sell-off sends prices to record lows Trump vow to help energy industry sparks opposition Trump Vows Oil Rescue That He’s Been Powerless to Deliver For oil and gas, the key to survival may be an old foe: government
(DBN)

Offshore driller Valaris to explore bankruptcy with its creditors-sources
(DBN)

Unit Corp. prepares for insolvency filing
(DBN)

Trump’s Cure for Negative Oil Prices Is … More Oil?
(DBN)

Trump considers stopping Saudi oil imports, says US has 'plenty'
(DBN)

Troubled Oil Trader Hin Leong Poised to Hand Control to PwC
(DBN)

Oil traders have never seen an ‘insane’ market like this, fear more declines
(DBN)

Oil Collapse Spreads Past Expiring Contracts
(DBN)

A Massive Wave Of Shut-Ins Fails To Halt Oil Price Crash
(DBN)

EX-BP CEO: Low Oil Prices Are Here To Stay
(DBN)

‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation
(DBN)

Negative WTI Offers Glimpse of Future for Oil Market in Meltdown
(DBN)

Kelly Evans: Oil to -$100 a barrel?
(DBN)

Oil's record-setting plunge spreads as June contracts fall 47%
(DBN)

No, oil below $0 doesn’t mean the gas station will pay you to fill up
(DBN)

Negative Oil Prices: A Question and Answers Guide
(DBN)

Global oil prices could 'chase' US crude below $0 if demand for fuel doesn't pick up, analysts fear
(DBN)

The Urgent Message of Negative Oil Prices
(DBN)

Oil closes at $10 but the market remains 'broken' Oil Price Mayhem - Is The Market Broken?
(DBN)

Retail investors who believed they were investing in crude oil get a rude awakening
(DBN)

US Oil Fund drops 30% after changing structure again as popular ETF tries to stave off collapse Biggest Oil ETF Could Go ‘Lights Out,’ Warns Wall Street Strategist Six Voices on What’s Going on in Oil ETF Engulfed by Blowup Oil collapse hits ETFs with biggest fund running out of shares Oil Spasms Send Foundering ETF Into Series of Unusual Actions
(DBN)

Some U.S. fund managers risk long-term bets on tanking oil sector
(DBN)

Oil ETF Crisis Spreads to Hong Kong as Fund Tumbles 45%
(DBN)

These Hedge Funds Gained When Oil Prices Went Sub-Zero
(DBN)

A hunt for any storage space turns urgent as oil glut grows
(DBN)

The aftermath of oil's march into the unknown
(DBN)

Why oil prices just crashed into negative territory — 4 things investors need to know
(DBN)

The battered $700 billion US energy industry is now worth roughly half of Microsoft amid oil's record plunge
(DBN)

Who may have gotten crushed — or won big — in the historic plunge below $0 a barrel for oil?
(DBN)

The Small Hedge Funds That Won Big by Betting Against Shale
(DBN)

OPEC+ ministers hold impromptu call to reflect on price rout
(DBN)

Saudi Arabia is the winner from oil’s historic price plunge, analysts say
(DBN)

Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers
(DBN)

Oil Price Apocalypse Will Bankrupt Nigeria, Africa’s Richest Nation
(DBN)

Mexico to Shut Down Wells a Week After Refusing Deep OPEC+ Cuts
(DBN)

____________

Movies:

Georgia governor wants to reopen movie theaters next week, but big chains are likely to hold out for summer
(DBN)

Indian cinema chain warns it may run into issues if virus isn’t under control
(DBN)

____________

Retailing:

Neiman Marcus is likely just the start: Analysts expect 100,000 stores to close by 2025
(DBN)

Pimco, Lenders in Talks to Provide Neiman Bankruptcy Financing What to Know About Neiman Marcus’ Potential Bankruptcy Neiman Marcus hasn’t filed for bankruptcy yet, but many think it has The future of Neiman Marcus: When private equity debt meets a pandemic
(DBN)

Lord & Taylor Joins Retail Bankruptcy Watch
(DBN)

Macy’s weighs raising as much as $5 billion in debt to weather coronavirus crisis
(DBN)

Bankrupt Retailer’s Workers Beseech Thomas H. Lee for Benefits
(DBN)

Retailers Unlikely to Turn to Bankruptcy During Pandemic
(DBN)

Neiman Marcus And Penney Could Join Infamous List Of Top 20 Retail Bankruptcies
(DBN)

Vans, Timberland Parent VF Sees Sales Slide, Sells Bonds to Repay Creditors
(DBN)

Stage Stores presses vendors for concessions
(DBN)

The Death of the Department Store: ‘Very Few Are Likely to Survive’
(DBN)

Bank Behind J.C. Penney, Gap Credit Cards Hit by Spending Drop
(DBN)

Lululemon CFO to depart amid pandemic
(DBN)

T.J. Maxx, Discount Rivals Hunker Down With No Online Options
(DBN)

COVID-19 And Fashion And Luxury Retail’s Lost Season
(DBN)

Coronavirus has changed retail bankruptcy and left landlords in a lurch
(DBN)

What retail could look like when stores reopen
(DBN)

On the Frontlines of Retail There Are No Heroes, Only Victims
(DBN)

____________

Cruise Lines:

Pacific Princess cruise ship docks in California to disembark last passengers
(DBN)

The Last Carnival Cruise Ship at Sea Reaches Port
(DBN)

____________

Pharma:

New York charges Mallinckrodt with insurance fraud over opioid claims
(DBN)

____________

Autos:

March auto sales fell in major markets as coronavirus continued to spread
(DBN)

Probability of default jumps for automakers as COVID-19 hits production, sales
(DBN)

____________

History:

Photos show how San Francisco emerged from a lockdown too soon during the 1918 Spanish flu pandemic, leading to an even deadlier second wave that rampaged through the city
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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:

A Coming Consumer Bankruptcy Tsunami, Wave, or Ripple?
(DBN)

Bankruptcy and the coronavirus
(DBN)

The Bankruptcy Tsunami To Come
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

Professional Compensation:

Bankruptcy Court Substantially Reduces Lender's Post-Petition Fees as Excessive
(DBN)

____________

IP:

IP Ownership, Licensing Agreements, and Bankruptcy
(DBN)

____________

Mediation:

Enforcing Mediated Settlements of International Commercial Disputes: A United Nations Convention
(DBN)

____________

Valuation:

Rethinking Chapter 11 Bankruptcy Valuation Issues in the Crisis
(DBN)

____________

Avoidance Actions:

8th Cir. BAP Rejects Most of Trustee’s Voidable Preference Action Against Bank
(DBN)

____________

Miscellaneous:

Rochelle
(DBN)

____________

Corporate Governance:

Director Fiduciary Duties: Navigating Insolvency Risk in Newly (Covid-19) Distressed Companies
(DBN)

____________

UST:

USTP Issues Public Report of Debtor Audits for FY 2019
(DBN)

____________

D&O:

Business Insurance Webinar: D&O Risks from COVID-19
(DBN)

____________

Aviation:

U.S. taxpayers set to be major investors in the struggling airline industry
(DBN)

Delta CFO Calls Off Retirement as Pandemic Hits Airline’s Finances
(DBN)

Bankruptcy and Aircraft Finance Handbook
(DBN)

Airlines Offer Vouchers, Credits For Canceled Flights. Customers Want Cash Delta Air Lines responds to class-action lawsuit over ticket refunds Airlines Get ‘Enforcement Notice’ From Feds Regarding Obligations To Customers During Coronavirus Pandemic
(DBN)

All big UK airlines and travel firms denying refunds
(DBN)

American Airlines And United Fly More Cargo Flights Than Long-Haul Passenger Services
(DBN)

American Airlines Raises Transatlantic Checked Bag Fees… Now?!
(DBN)

JetBlue CEO Robin Hayes: Coronavirus Testing Will Be Key for Airlines’ Recovery
(DBN)

Battered consumer confidence to slow airlines' recovery: IATA
(DBN)

Spirit Airlines Nears $330 Million U.S. Aid Deal to Help Pay Employees
(DBN)

Hawaiian Airlines to get $650M in federal aid to continue operating
(DBN)

To get coronavirus bailout money, the government is forcing airlines to fly "ghost planes"
(DBN)

Bankrupt Virgin Australia's Foreign Backers Became Liability in Search for Bailout Virgin Australia enters voluntary administration. Richard Branson says it's 'not the end' Richard Branson offers private island as collateral for loans to save his airlines
(DBN)

Norwegian's subsidiaries in Denmark and Sweden go bankrupt Norwegian says 4,700 jobs at risk after unit bankruptcies, contracts axed
(DBN)

Chinese airlines offer insanely cheap deals to lure back travelers
(DBN)

China’s Air-Travel Rebound Stalls on Lack of Leisure Demand
(DBN)

Austrian Airlines Outlines Plans For Smaller Fleet
(DBN)

Creditors to inject 1.7 tln won into Asiana amid virus woes
(DBN)

SAA Administrators to Be Asked to Suspend Job Cut Program
(DBN)

Qatar Airways to Defer Salary Payments for Some Staff
(DBN)

South Africa aiming for new viable airline from SAA business rescue
(DBN)

Cash-Strapped Airlines Ignore India’s Order to Not Sell Tickets
(DBN)

How Should Airlines Change, Post-Pandemic?
(DBN)

____________

Crypto:

Crypto Founder Should Lose SEC Fraud Case as Sanction: Judge
(DBN)

____________

Cannabis:

Colorado attorneys weigh in on cannabis companies' restructuring options during pandemic crisis
(DBN)

California cannabis, deemed essential in coronavirus crisis, is ‘on the brink of collapsing’
(DBN)

____________

Fraud:

Former Soccer Player on U.S. Men's National Team to Plead Guilty in College Admissions Scandal Former UCLA soccer coach to plead guilty in admissions scam
(DBN)

____________

Telecoms:

Spectrum Employees Are Getting Sick Amid Debate Over Working From Home
(DBN)

Frontier Communications files for Chapter 11
(DBN)

____________

Trucking:

For America’s Small Truckers, Demand Is ‘Falling Off a Cliff’
(DBN)

____________

Events:

Scripps National Spelling Bee Canceled for First Time Since 1945
(DBN)

____________

Banking:

Credit Costs Slam Big U.S. Banks as Margin Pressure Persists
(DBN)

____________

Politics:

Trump (the Company) Asks Trump (the Administration) for Rent Relief
(DBN)

Inside the conservative networks backing anti-quarantine protests
(DBN)

Despite scattered protests, most Americans support shelter-in-place, Reuters/Ipsos poll shows
(DBN)

Pandemic fallout tracks nation’s political divide
(DBN)

Trump and Biden deadlocked in six key 2020 election states, poll finds
(DBN)

Trump's abrupt decision to ban all immigration to the US was being pushed by Tucker Carlson on Fox News for weeks
(DBN)

Senate Intel affirms that Russia interfered to help Trump in 2016
(DBN)

The ugly side of politics emerges
(DBN)

Trump’s latest tweets are an alternative world where the pandemic takes a backseat to MSNBC coverage
(DBN)

The Party of the Aggrieved
(DBN)

Older Americans Sour on Trump’s Handling of the Outbreak; Congressional Approval Wanes as Voters Seek Further Action
(DBN)

Biden reports best fundraising month, but lags Trump
(DBN)

Officials in Wisconsin link at least 7 coronavirus cases to in-person voting during the April 7 election
(DBN)

AG William Barr Gives Preferential Treatment to Company Pushing Hydroxychloroquine
(DBN)

U.S. coronavirus response deepens divide as Trump suspends immigration
(DBN)

Joe Biden’s Platform Is More Progressive Than You Think
(DBN)

____________

Sovereigns:

Ecuador Second Latin American Nation To Default In 4 Weeks
(DBN)

Now That Everyone Is on the Standstill Bandwagon ... Where to? Part I Part II
(DBN)

Poor countries need latitude from creditors
(DBN)

EU Commissioner wants Africa debt relief
(DBN)

____________

UK:

Deaths in England and Wales 75% higher than usual in early April U.K.’s COVID-19 death toll could be 40 percent higher than daily figure, data suggests England and Wales coronavirus death toll 41% higher than government’s figures
(DBN)

UK PM Johnson under fire over handling of coronavirus crisis
(DBN)

When and How Will the U.K. Coronavirus Lockdown End?
(DBN)

U.K. Reports 823 Coronavirus Deaths, Sharp Rise From Day Before
(DBN)

For seven centuries Westminster has been the seat of U.K. power — now it’s about to go online
(DBN)

Boris Johnson too ‘frightened’ from coronavirus scare to ease UK lockdown
(DBN)

KPMG UK chairman warns of coronavirus ‘economic disaster’
(DBN)

185,000 U.K. Businesses Use Government Job Retention Program
(DBN)

____________

EU:

Fitch downgrades 10 European banks and warns coronavirus impact could lead to more
(DBN)

Europe's banks brace for bad debt build up from coronavirus crisis European Banks Brace for Storm as Virus Fallout Hits Earnings
(DBN)

Pandemic is dealing European tourism ‘staggering’ blow
(DBN)

Europe Faces ‘Devilish Dilemma’ Amid Signs Lockdowns Working
(DBN)

EU leaders draft coronavirus recovery plan
(DBN)

____________

PIGGS:

A glimmer of light at the end of the lockdown tunnel in Spain
(DBN)

Italy Virus Recoveries Almost Surpass New Cases for First Time
(DBN)

Venice Mayor Says City ‘Is on Its Knees’ as Coronavirus Decimates European Tourism
(DBN)

Conte Softens Italy’s Red Lines Over European Virus Rescue Plan Conte Pledges $54 Billion Stimulus, Signals Openness in EU Talks Italy to Double Stimulus as Europe Ponders Next Virus Moves
(DBN)

Italy Sees Deficit Above 10% of Economy in 2020, Officials Say
(DBN)

Italy's prime minister previews cautious coronavirus reopening
(DBN)

For Southern Italy, the Coronavirus Becomes a War on 2 Fronts
(DBN)

Spain Weighs Additional Lifeline to Save Companies From Collapse
(DBN)

Spanish Coronavirus Cases Steady as Nation Prepares to Extend Lockdown
(DBN)

____________

Canada:

Smaller Provinces Push Trudeau Government for Emergency Aid
(DBN)

____________

France:

French lawmakers to vote on controversial Covid-19 smartphone-tracing app
(DBN)

Half of France's Private Sector Now Jobless
(DBN)

____________

Hong Kong:

Fitch cites Hong Kong’s increasing closeness to China as a reason for rating downgrade
(DBN)

____________

Turkey:

Turkish economy to shrink for first time in a decade this year: Reuters poll
(DBN)

Turkey’s Coronavirus Cases Up 5%, Death Toll Rises to 2,259
(DBN)

____________

China:

Beijing city shuts down gyms again as fears rise over second wave of coronavirus
(DBN)

Inside the Chinese media’s reporting on the historic collapse of a powerhouse economy
(DBN)

China’s unfavorability in US jumps to highest level recorded: Poll
(DBN)

China’s Banks Hit by Increase in Bad Loans in First Quarter
(DBN)

____________

Singapore:

Singapore Tops 10,000 Virus Cases As Worker Infections Rise
(DBN)

Singapore GDP to Shrink 8.5% as Restrictions Extended, Citi Says
(DBN)

____________

New Zealand:

‘No paranoid rambling, no blame-shifting’: New Zealand’s premier hailed as world’s ‘most effective leader’
(DBN)

____________

Africa:

Africa's coronavirus crisis arrived before the outbreak
(DBN)

Africa has so far been spared the worst of the coronavirus. That could soon change.
(DBN)

South African Farmers Urge State to Bail Out Agriculture Lender
(DBN)

South Africa’s Ramaphosa Announces 500 Billion Rand Virus Support Package
(DBN)

Standard Bank Profit Drops as Virus Leads to More Loan Defaults
(DBN)

____________

France:

Police battle uptick of unrest in locked-down Paris
(DBN)

Covid-19: France records 531 deaths in a day as hospital cases continue to fall
(DBN)

France Says Intensive-Care Patients at Lowest in Three Weeks
(DBN)

____________

MENA:

NMC Health’s Former Top Shareholder Weighs Debt Revamp
(DBN)

‘This Has Changed Everything’: Saudi Economy Shaken by Oil Crash
(DBN)

____________

Germany:

Gauging Risks as Germany’s Economy Exits Virus Lockdown
(DBN)

German Public Deficit to Widen to More Than 7% of GDP This Year
(DBN)

Germany’s New Virus Cases Near 3-Week Low as Restrictions Eased
(DBN)

Blow to Germany’s Economy Probably Weaker Than Elsewhere in Europe
(DBN)

____________

Russia:

Anger at Putin Grows With Entrepreneurs Facing Ruin From Crisis
(DBN)

____________

Netherlands:

Dutch to reopen schools but bars, restaurants to remain closed Netherlands Seeks to Reopen Schools, Extends Lockdown Measures
(DBN)

____________

Argentina:

Cut Off From Credit, Argentina Gets Central Bank to Pay Bills
(DBN)

Argentina, slipping towards default, faces $500 million trip wire
(DBN)

____________

Brazil:

Specter of hunger rises in Brazil as coronavirus wrecks incomes
(DBN)

____________

South Korea:

Moon Calls for Korean ‘New Deal’ to Create Jobs After Pandemic
(DBN)

____________

India:

Doctors, Beaten and Harassed, Plan Silent Protest Across India
(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 subscription 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 $66.50/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 2020