April 27, 2020

The Daily Bankruptcy News

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Law:

Am Law 100 Firm Announces Salary Cuts And Layoffs By Video Message
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Am Law 100 Firm Slashing Salaries And Furloughing Staff
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Who Can't Pay Rent? Law Firms Seek Breaks on Offices Due to Coronavirus
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Technology Creates Opportunity for Hartford Bankruptcy Attorney
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Even in Burgeoning Bankruptcy Market, Tech's Path Remains Uncertain
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First state plans for online bar exam if in-person test is not possible
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Virus Crisis Could Be Big Test of Law Firms’ Diversity Efforts
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Are we entering a new era of legal education during the novel coronavirus crisis?
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Should Law Schools Be Expecting Another Onslaught Of Applicants Thanks To The Pandemic?
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$4 Billion In Gross Revenue Is A Crap Ton Of Revenue
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‘Stay At Home Hero’: Biglaw Associate Raps Our Coronavirus Anthem
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How To Do The Best Job In Law While In Quarantine
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A guide to modern manners in the age of Zoom
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Lawyers, You Should Go Ahead And Call Your Grandma
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Lawyer is accused of threatening governor in social media posts
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Flynn's defense claims material from Justice Department review includes 'stunning' evidence of FBI misconduct
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Roger Stone says he didn’t get a fair trial because of anti-Trump bias
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Deutsche Bank Refuses Senate Subpoena
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Laurence Tribe Says Drs. Birx, Fauci Must Warn Against ‘Trump’s Wild Advice’ or Else Face Criminal Liability
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DOJ plans to appeal ruling over secret Mueller grand jury details to Supreme Court
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Can the U.S. Government Survive the Next Disaster?
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White House faces internal debate over 'liability shield' for firms seeking protection from covid-19 lawsuits
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As Coronavirus Strikes Prisons, Hundreds of Thousands Are Released
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Court rules students have constitutional right to a 'basic' education - including literary - in historic Detroit case
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Supreme Court denies states' bid to revisit ruling on Trump's 'wealth test' for immigrants
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Is Justice Finally Here for Emmett Till?
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Court Reinstates California Law Requiring Background Checks for Ammunition Purchases
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Porsche driver 'shouted abuse at officer as she lay dying under truck'
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Critics say police target minorities more than white protesters over social distancing
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Michael Avenatti Freed From NYC Jail After Two-Week Virus Quarantine
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'Not well-received': Connecticut police department scraps 'pandemic drone' program after outcry
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Trump Sued for Denying Checks to Americans Married to Immigrants
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Businesses Suing Over Covid-19 Shutdowns May Have a Case
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A Georgia man allegedly killed his teenage stepson for refusing to stay at home
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Houston Council Member Compares Violation of Dine-in Service Restrictions to Rosa Parks
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Sheriff Sued After Threatening To Arrest A High School Student Over Her Coronavirus-Related Instagram Posts
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Judges:

Coronavirus has not stopped many cash-strapped courts from seeking fines and fees
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Wall Street:

US stock futures up as oil declines, traders weigh economy re-opening
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European stocks climb on expectations of reopenings, central bank action; U.S. futures advance, oil plummets
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Stocks close higher Friday but still end week in the red amid coronavirus uncertainty
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From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown
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Stock Market Down Just 16% While 26 Milli0n Lost Their Jobs
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Wall Street Tries to Figure Out How to Get Back to the Office
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Layoffs:

7 major US cities that could be facing a tech-job apocalypse
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Coronavirus speeds the way for robots in the workplace
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Kansas City’s Children’s Mercy furloughs 575
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Vancouver-based Burgerville will lay off 612
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After coronavirus furloughs, Gannett newspapers lay off journalists around the country
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110 employees being cut permanently from Hutchinson Technology
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300 workers laid off at three Powder River Basin coal mines
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Gambling:

Casino Fire Sale Rages, With Bally’s Fetching Just $25 Million
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Retailing:

US stores and supermarkets might see shortages for the next year and a half, supply chain experts say
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Retail Apocalypse 2.0: The Fallout from the Coronavirus Will Present New Challenges to an Already Reeling Sector of the Economy
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Neiman Marcus eyes Sunday bankruptcy filing, $600 million emergency funding Investors to challenge Neiman Marcus bankruptcy loan, push for sale
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Mall Shoppers Are Scared to Return When U.S. Stores Finally Open
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Hair Cuttery Enters Chapter 11 Bankruptcy – Seeks to Trim 49 Locations Summary: New Chapter 11 Bankruptcy Filing - Creative Hairdressers Inc.
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Here’s the State of Play for America’s Ailing Department Stores
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Appointment-only stores, hand sanitizing stations, and robots stocking shelves: Here's how our shopping experience could change in the wake of the coronavirus pandemic
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Online orders could save desperate retailers, but workers say they are risking their safety to fill purchases few need
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Target’s soaring online growth suggests scared shoppers may not return when malls and department stores reopen
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Sports:

NBA to reopen practice facilities where local stay-at-home restrictions eased
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Are Sports Coming Back? NBA Led The Shutdown, Now The League Could Return
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Tom Brady gets 'apology' from Tampa Bay mayor after ouster from coronavirus-closed park
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Australian rugby faces financial maul from coronavirus
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Fight Over Minor League Baseball’s Future Gets Big Time Lawyers
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Sports arenas could require ‘necessary renovations’ for social distancing, architect firm says
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Politics:

U.S. response to virus splinters into acrimony and uncertainty
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People receiving stimulus checks get letter signed by President Donald Trump
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Why We Don't Vote Our Class Anymore
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Trump tweeted that the coronavirus task force briefings are 'not worth the time and effort' as top aides fear his erratic performances may sabotage his reelection chances Trump refuses to take questions at White House briefing the day after floating the false idea that disinfectant might be injected to kill coronavirus Trump’s widely-criticized disinfectant comments were the end of the coronavirus briefings as we knew them
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The White House tried to move a reporter to the back of the press room, but she refused. Then Trump walked out.
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Trump's Sunday Twitter Meltdown
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'Under No Circumstance': Lysol Maker, Officials Reject Trump's Disinfectant Idea
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Birx Bothered That Trump’s Disinfectant Comment Remains in News
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A spike in New Yorkers ingesting household cleaners following Trump’s controversial coronavirus comments
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A timeline of Trump's musings on the false idea of injecting 'light' and 'disinfectant' to treat coronavirus — from a presentation to Trump's claim he was being 'sarcastic' Trump says his comments on injecting disinfectants were “sarcastic.” Let’s review the tape. When Trump says he was being 'sarcastic,' it's just part of his gaslighting Fox didn't immediately challenge Trump's disinfectant remark Trump's long history of medical freelancing Trump's Medical Claims Baffle the Nation Birx: Trump's disinfectant comments were a "dialogue" between him and scientists Who is Deborah Birx — the doctor whose reaction when Trump suggested people inject disinfectants has gone viral? Hogan on Trump's disinfectant comments: "I can't really explain it"
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Burger King tweets 'don't drink bleach' after Trump sparks backlash by suggesting disinfectants might help treat the coronavirus Bleach manufacturers have warned people not to inject themselves with disinfectant after Trump falsely suggested it might cure the coronavirus
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'Saturday Night Live': Brad Pitt as Dr. Anthony Fauci addresses Trump's coronavirus misinformation Brad Pitt Answers Dr. Fauci's Call to Play Him on 'SNL'
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Sunlight might kill the coronavirus on surfaces, but experts reject Trump's 'exceedingly dangerous' ideas about using it on the body
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Senate GOP talking points on coronavirus: Blame China, not Trump
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Nervous Republicans See Trump Sinking, and Taking Senate With Him
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These anti-quarantine websites are fakes. Here's what they're really after 'Reopen' protest movement created, boosted by fake grassroots tactics FreedomWorks is supporting the anti-shutdown protests — and applying for government funding
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Trump's immigration crackdown is creating new coronavirus hotspots
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Trump unfollowed Piers Morgan on Twitter after the TV host called out his 'batsh-- crazy' coronavirus cure theories
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Maryland: 100 call COVID-19 hotline about ingesting disinfectant NYC Poison Control Sees Uptick In Calls After Trump's Disinfectant Comments
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Trump aides pushed mass distribution of the unproven drug hydroxychloroquine to millions of patients, report suggests Study results: Chloroquine, hydroxychloroquine vs. COVID-19 FDA says chloroquine, hydroxychloroquine could be fatal The rise and fall of Trump's fixation with hydroxychloroquine
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Democrats see Senate suddenly within reach, boosted by Biden's ascent
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Report: Trump watches 7 hours of TV a day, gets to office at noon
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Science On The Ballot: Coronavirus Brings Culture And Expertise To 2020 Election
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White House officials are reportedly discussing replacing the health secretary over his botched coronavirus response
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Michigan lawmaker denies wearing Confederate flag mask, calls it history, then apologizes
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Nearly a third of Americans believe in coronavirus conspiracy theories. Science explains why people tend to believe them more in times of crisis.
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A new reality in politics: Campaigning from afar
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More than 200 women sign letter urging Biden to pick a black woman as his running mate
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Biden suggests Trump will attempt to delay November election
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Polls show Biden leading Trump in most battleground states
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Pelosi endorses Biden
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Poll Numbers Worry GOP for November
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Congress Braced for a Bruising Fight Over Next Virus Relief Bill
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Pandemic-hobbled House majority frets about its effectiveness
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Miller has long-term vision for Trump's 'temporary' immigration order, according to private call with supporters
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'No Malice Intended' Says Texas Mayor Who Broke Quarantine for a Manicure
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NYC tailor defies state order: ‘I’m opening my doors come hell or high water’
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'I'm behind on my mortgage': Texas salon owner defends reopening after 'cease and desist' letter
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3 arrested at beach protest against California stay-at-home order
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Mayor imposes curfew, then entertains fellow bored residents
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Maryland Prepares for Special Congressional Election with Vote-By-Mail
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Tourism:

Before-and-after photos show 8 of San Francisco's most famous tourist attractions nearly deserted since the city was shut down
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Hawaii paying for tourists to leave if they break quarantine rules Hawaii coronavirus stay-at-home order, quarantine for travelers extended to May 31
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Where are we heading? Tourism after the coronavirus crisis
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Private Equity:

More Than Half Of Corporate Family Defaults Are Private Equity-Owned Companies
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Telecoms:

Behind the Frontier bankruptcy deal, an old political hand
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Taxis:

Another casualty of the coronavirus pandemic: the taxi industry
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Transit:

Gov. Cuomo says novel coronavirus can live on bus and subway surfaces for 72 hours, posing an ongoing concern for transit employees and riders
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The Bike Is Back as Europe Looks to Exit Lockdowns Safely
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Circuses:

I'm a circus artist. From virtual cabarets to online acrobatics lessons, here's how my industry is pivoting to survive.
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Fraud:

A pandemic of corruption: $40 masks, questionable contracts, rice-stealing bureaucrats mar coronavirus response
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How a race-car driver lost his home, cars and $13 million in an elaborate scam
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Senators’ Stock Trades Would Make a Poker Cheat Blush
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Convicted Fraudster and Televangelist Jim Bakker Fears Bankruptcy After Selling Fake Coronavirus Cure
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Religion:

Archdiocese 'is not Lehman Brothers'
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Louisiana pastor, while on house arrest, again defies coronavirus order with church service Pastor given ankle bracelet for defying stay-at-home order continues to preach anyway
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Federal judge says Mississippi church can hold drive-in services
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In photos: Ramadan during the coronavirus pandemic Coronavirus upends Ramadan celebrations and traditions
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The Zoom shiva: Jewish funerals and mourning in the age of COVID
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Italian bishops pushing for public Masses
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Nursing Homes:

Nursing Homes Hiding Virus Deaths
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Nursing home infections surge
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Autos:

Hertz could deplete cash this quarter, Moody's says in downgrade
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Avis to Eye Bond Sale to Ride Out Travel Shutdown
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No Government Bailout Dooms Rental-Car Bonds
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The Auto Industry Needs Help Now
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Ford to Recall Small Number of Workers, Detroit Free Press Says
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Whitmer’s Extended Order in Michigan Keeps Auto Industry’s Restart in Limbo
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Mexico Says Auto Industry Must Adhere to Plant Suspensions
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Toyota to Reopen San Antonio Plant May 4
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Tesla reportedly plans to recall some workers to its California plant this week
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Military:

Navy Destroyer Returning to Port After Crew Hit by Coronavirus
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Student Debt:

It is time to cancel student debt and make higher education free
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'Undue Hardship' and Uninsured Americans: How Access to Healthcare Should Impact Student-Loan Discharge in Bankruptcy
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Cruise Lines:

Cruise ship worker says he's been stuck on boat with no passengers for 40 days
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Snubbed in U.S. Rescue, Cruise Lines Get Relief From Germany
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Cannabis:

The State of the Cannabis Industry Amid the Pandemic
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Travel:

Americans Abroad Ask Whether to Stay, and Risk Infection, or Fly Home, and Risk Infection
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Events:

Live Nation Closes Gap in Refund Policy after Fan Complaints
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Climate:

Satellite images reveal huge amounts of methane leaking from U.S. oil fields
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Agribusiness:

USDA Boosts Effort to Support Virus-Hit Meat, Poultry Producers
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History:

A Bankruptcy History of the United States
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Movie Theaters:

Miami-based CMX Cinemas files for bankruptcy
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Hotels:

Can a hotel ever be “single asset real estate” for bankruptcy purposes? What is “SARE” and who cares?
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Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen
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Coal:

Berkshire, AIG Urged by NYC’s Comptroller to Divest From Coal
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Hedge Funds:

Hedge Fund Rookies Beg for Cash on Video With Kids in Background
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Highland Capital Not Alone In Not Having To Pay Huge Judgments Against It
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Footwear:

Adidas projects a 40% decline in sales for the second quarter
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Distressed Investing:

The Law and Economics of Investing in Bankruptcy in the United States
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Personal Finance:

My husband and I are still having date nights during the pandemic — here's how we're making it work
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4 financial experts told me how to cut my spending while my income is down so I don't blow through my savings
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Economy:

Bankrupt Companies Shut Out of Stimulus Money Can Chapter 11 Debtors Receive PPP Loans? Judge sides with EMS service in federal relief loan case Federal judge says Small Business Administration must reconsider loan application
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The Role of Chapter 11 Bankruptcy in Addressing the Consequences of COVID19.
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World’s Biggest Central Banks Meet as Pressure Mounts to Do More
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Top Ten Cities for Stimulus Checks
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Fed’s Near-Zero Rates to Last into 2023, Economists Predict
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The Fed Should Go Negative Next Week
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U.S. Durable Goods Orders Plunge Most Since 2014 on Pandemic
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Massive Corporate Debt Will Harm Recovery
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The Pandemic Blues: Economies Are In Deep, Deep Trouble
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Coronavirus relief pushing US deficits to staggering heights
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Millions of credit card customers can’t pay their bills and lenders are bracing for the impact
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White House Gives Two Views on Economy
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Sinking U.S. economy hasn’t hit bottom yet
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Bill Gates: As things get back to ‘semi-normal,’ it’s impossible to overstate the pain that lies in the years ahead Bill Gates Explains How We Get Past Covid-19, and What That Really Means
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Trump, Congress spar over next virus economic package as CBO paints grim picture of what's to come U.S. budget deficit will expand to almost $4 trillion this year, CBO says Democrats Eye Cold, Hard Cash In Next Stimulus Round Mnuchin Says Rising Budget Deficits to Be a Focus ‘Over Time’
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Trump and McConnell headed toward clash over coronavirus spending Congress and Trump have produced four emergency pandemic bills. Don't expect a fifth anytime soon.
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'A fool's game': 4 economists break down what it's like forecasting the worst downturn since the Great Recession
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‘Capitalism as we know it will likely be changed forever’ and 9 other lasting implications of coronavirus, according to billionaire Leon Cooperman
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Unemployment at Great Depression Levels
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The changes that will outlast the crisis
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Four possible post-coronavirus futures
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This is what American work life will look like once we can return to the office
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The coronavirus crisis is way worse than feared
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Tale of Two Economies Will Determine Post-Lockdown Growth
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Small-town America: 'One bad season away from bankrupt'
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16 states are easing restrictions next week. Here's a breakdown of which stores will be allowed to reopen in each one Southern states plunge into coronavirus reopenings Mississippi and Iowa join the ranks of states reopening nonessential businesses Cuomo Discusses New York's Economic Reopening Phases Reopening of New York Could Begin Upstate After May 15, Cuomo Says Florida Governor Says He's in No 'Rush' to Lift Coronavirus Restrictions How soon can businesses reopen during pandemic? A Texas suburb takes the plunge Colorado governor defends move to reopen Colorado governor says he's worried about possible second spike in Covid-19 cases as state set to reopen Monday Bill Gates' brutal reality check on the coronavirus reopening Augusta Mayor Pushes Back On Georgia's Reopening: 'We're Woefully Behind' Georgia "jumping the gun" with easing restrictions, former FDA Commissioner Scott Gottlieb says Georgia County Steels Itself to Reopen Despite 10% Death Rate Reopening debate pits mayors against governors. Atlanta vs. Georgia is a preview. Trump reversal highlights growing tensions with Kemp Fear and mistrust in rural Georgia as Gov. Kemp urges the state to re-open Georgia businesses reopen, with jitters Georgia allowed some businesses to reopen today, but many store and restaurant owners aren't ready to take the risk In Wisconsin, protesters attack stay-at-home orders as unnecessary - or a government cabal When Is It Safe To Ease Social Distancing? Here's What One Model Says For Each State Las Vegas mayor says without definitive evidence that the city's warm weather will allow it to be at the 'forefront of America's 'reopening'' Maryland sees worst day of covid-19 deaths as region charts course for economic recovery Inslee: Construction projects can resume, with distancing Virginia and Maryland governors offer 'blueprint' for emerging from pandemic shutdown Top Virginia health official warns state lockdown could be 'two-year affair' As the country moves to reopen, Americans weigh risk against necessity, longing and fear In photos: Cities take steps toward reopening Could contact tracing bring the US out of lockdown? Americans Crowd Beaches and Parks Big beach crowds test state’s stay-at-home exhortations Michigan's Whitmer defends state's lockdown orders; calls them 'aggressive' but necessary Lockdowns Ease As Global Infections Near 3 Million One Republican’s Plan to Reopen America More states are easing coronavirus restrictions this week, unnerving experts and some local officials ‘I Am in a Catch-22’: Main Street Is Ambivalent About Reopening Pence says coronavirus outbreak could be over by Memorial Day ‘I’m not that scared’: People flock to beaches again, bringing hand sanitizer and hope
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There’s Really Only One Way to Reopen the Economy
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On the Front Lines, Testing Shortages Cloud Decisions on the Economy Can Antibody Tests Help End the Coronavirus Pandemic? Fauci: U.S. coronavirus testing numbers should soon double Why Pence’s favorite talking point about coronavirus testing is misleading Why America’s coronavirus testing problem is still so difficult to solve America’s coronavirus testing is increasing. It’s still not enough. To Suppress the Coronavirus, Test Those With No Symptoms Testing’s Ability to Contain Virus Overstated, Study Finds
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Dr. Deborah Birx Says Social Distancing Must Continue Through Summer Months
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Economy to reopen in May and June and then ‘really bounce back,’ Mnuchin says, but others are thinking fall Bank of America CEO Says Economy Won't Fully Rebound from Coronavirus Fallout until 'late Next Year'
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Billionaire Barry Diller says "no chance" of economic rebound by summer, calls Trump a "witch doctor"
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The deflation threat from the virus will be long lasting Deflation Is the Voldemort of the Coronavirus Era
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‘It’s appalling to attach a dollar number to a human life — for non-economists.’ Can Trump save the economy and save lives?
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The $600 federal boost to unemployment checks that was meant to aid struggling families is triggering some confusion Spa workers shocked after making more on unemployment than on the job
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Millions of People Face Stimulus Check Delays for a Strange Reason: They Are Poor
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Tensions emerge between Republicans over coronavirus spending and how to rescue the economy
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Why the government makes it hard for Americans to get unemployment benefits
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Study: 71 percent of jobless Americans did not receive their March unemployment benefits
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The IRS has already paid out over half the stimulus-check money — here’s where it went
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US banks made a quick $10 billion in 2 weeks by processing small businesses loans from the government, says report
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Trump signs US$484B virus rescue package
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Small businesses, banks brace for mad dash as $310 billion loan program rolls out Bank of America CEO says getting small business loans shouldn't be a race
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How to fix the failed small business loan program Small business loan applications to resume Monday after Trump signs new $484 billion package into law
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AutoNation is returning $77 million in US payroll assistance coronavirus relief loans AutoNation, an auto retailer worth billions, received nearly $95 million in SBA funds
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Public companies took far more small business loans than first thought — here’s the latest tally
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Potbelly Joins Shake Shack in Returning U.S. Emergency Loan
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Ritzy Fisher Island residents vote not to accept $2M coronavirus loan
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Hedge funds aren't eligible for U.S. small business rescue loans
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Resentment grows on Main Street over bailout winners and losers
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US will cap how much each bank can lend under emergency coronavirus program: memo
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Biden Assails Stimulus, Calls U.S. Corporations ‘Greedy as Hell’ Biden wants a new stimulus 'a hell of a lot bigger' than $2 trillion
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Pelosi, McConnell Set to Collide on Follow-Up to $3 Trillion Aid
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Big Biz Doesn't Want to Return SBA Loans
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How Wall Street giants made the transition to run their sprawling operations remotely — and why it could transform the future of work
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From growers in Peru to dealers in Paris, the coronavirus has upended the global drug trade
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Scientists fear the hunt for a coronavirus vaccine will fail and we will all have to live with the 'constant threat' of COVID-19 Countries, companies risk billions in race for coronavirus vaccine
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'Let Mitch McConnell say no to it': Rep. Tim Ryan explains his plan to help the working class and give nearly every American over 16 years old $2,000 per month during the pandemic Emergency Cash: Monthly Payments Up To $5,500 For Families And $2,000 For Individuals
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Warehouse workers are essential. It's time we treated them that way.
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Trump Still Clings to China Trade Deal
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Battered and bruised, supply chains shift to survival mode
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Social Security Cuts Are Still on the Table -- and They're Larger Than They Were Before
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Will Covid 19 Make Us More Socialist?
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Quit Bashing Globalization. It Will Save Us
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Stock Buybacks Made Corporations Vulnerable. Then The Coronavirus Struck.
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

3 million Americans are skipping mortgage payments, but Fannie Mae and Freddie Mac will cut mortgage servicers a break
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Homeowners in Mortgage Forbearance Top 3.4 Million, Up 17% in a Week
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Fannie Mae, Freddie Mac will begin buying some mortgages that are in forbearance
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Skipping Mortage Payments Isn’t for Everyone
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That Makes 6 Retail CMBS Loans by Pyramid That Have Gone to Special Servicing
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Barrack Says Real Estate in ‘Chaos’ as Laws Waived on Rent, Debt
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US lenders work through mortgage refinancing backlog
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Agents focus on the art of the possible to sell homes amid pandemic What It's Like To Be a Real Estate Agent During the Coronavirus Pandemic
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Building dense cities was California’s cure for the housing crisis. Then came the coronavirus
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Icahn Sees Further Market Crash From Coronavirus, Says He’s Shorting Commercial Real Estate
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Bad Information Threatens to Undermine Retailers’ Negotiating Positions with Landlords
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Municipalities:

Why Mitch McConnell Wants States to Go Bankrupt
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New York’s Cuomo Dares McConnell to Let States Seek Bankruptcy New York’s Cuomo channels Dirty Harry in hitting Mitch McConnell over bankruptcy suggestion
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Why Mitch McConnell’s State Bankruptcy Idea Is So Stupid
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Can states file for bankruptcy? Should they? What you need to know Despite McConnell comment, states can’t go bankrupt, only default
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Has a State Ever Gone Bankrupt?
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McConnell state bankruptcy remarks raise constitutional questions
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Whitmer blasts McConnell for ‘outrageous’ state bankruptcy comment 'Outrageous,' 'irresponsible': Governors slam McConnell over bankruptcy comments Kentucky governor 'strongly disagrees' with McConnell on state bankruptcy comments New Hampshire's GOP governor slams McConnell over suggestion states declare bankruptcy: 'Ridiculous'
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Led by Hugh Hewitt, right-wing media cheer for states to file “bankruptcy” from coronavirus as a chance to cut public pensions
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McConnell says giving aid to states to help ease the pain from the pandemic would be a 'blue state bailout.' But most states were doing the right thing before the coronavirus hit.
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U.S. state bankruptcy push would disrupt municipal bond market: BofA
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McConnell’s Hometown Will Be Hit Hard Without Federal Bailout
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Trump Advises States Facing Bankruptcy to Borrow Millions from Their Dads :)
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Will Trump fight McConnell to get help for states?
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The Fed could undo decades of damage to cities. Here's how.
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A Federal Bailout Won’t Fix States’ Finances
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As localities clamor for aid, stakes are high
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A town named Corona learns to adjust in age of coronavirus
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How Las Vegas Became Ground Zero for the American Jobs Crisis
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America First spokesperson: Illinois Senate Dems' request for $41.6B federal bailout 'shameless'
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Muted and vacant, Las Vegas struggles to survive shutdown
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Oil/Gas:

Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash Diamond Offshore Files for Bankruptcy Oil Price Crash Drives Diamond Offshore To Bankruptcy With 2,500 Jobs At Stake Diamond Offshore files for bankruptcy, citing 'price war,' coronavirus Summary: New Chapter 11 Bankruptcy Filing - Diamondback Industries Inc. First Day Dec
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Whiting Secures Bankruptcy Accord to Give Creditors 97% Stake
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Hin Leong placed under court-appointed supervisor - sources
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COVID-19 Negative Oil Prices and Force Majeure
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U.S. oil and gas rig count below 500, continues plunge as oilfield activity nosedives
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The Shale Suffering Has Only Just Begun
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Energy Transfer Asks For Permission To Turn Pipelines To Oil Storage
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Gas for less than $0.03 a gallon? Impossible? We thought so too
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Oil sector poised to bounce back from the coronavirus
(DBN)

Oil Drilling in U.S. Sinks Most in 14 Years Amid Widening Crash
(DBN)

The Next Chapter of the Oil Crisis: The Industry Shuts Down
(DBN)

Negative Oil Prices Were a Warning, Not an Anomaly
(DBN)

Why oil prices went negative and why they can go negative again
(DBN)

Trump Team Faces Hurdles Getting Fed to Help Battered Oil Firms
(DBN)

Goldman Expects Another Oil Crash
(DBN)

The 20 Minutes That Broke the U.S. Oil Market
(DBN)

Wall Street Rethinks What’s Possible in Week Oil Went Negative
(DBN)

Oil Market So Glutted Traders Turn to Tiny Barges to Store Fuels
(DBN)

Saudis Begin to Curb Oil Production
(DBN)

Russia is the world’s biggest loser from oil’s crash, and that’s reason to worry
(DBN)

Bank of China Clients Said to Have $1 Billion Losses on Oil Bet
(DBN)

Next Chapter of Oil Crisis: Shutting Down
(DBN)

Here's the complex and expensive way some oil producers are guarding against plunging prices
(DBN)

'There is no reason to be bailing out Middle Eastern overproduction': Analysts break down how to prevent further oil price volatility
(DBN)

____________

Healthcare:

Closed Hospitals Leave Rural Patients ‘Stranded’ as Coronavirus Spreads
(DBN)

The hospitals that have disclosed bailout funds so far
(DBN)

1 in 5 doctors has been furloughed or taken a pay cut as the coronavirus pandemic hits hospitals. Some say they're considering new jobs The pandemic could put your doctor out of business
(DBN)

Elective surgeries set to resume, with complications and concerns
(DBN)

One Rich N.Y. Hospital Got Warren Buffett’s Help. This One Got Duct Tape.
(DBN)

Michigan Rep Blasts Hospitals for Closing During Pandemic: 'Not Profitable'
(DBN)

Hospital CEO Sees Industry Shift as 50% of Revenue Disappears
(DBN)

Professor: 'No empirical evidence' shows government lockdowns stymied coronavirus
(DBN)

The coronavirus halted elective surgeries. Here's how they'll resume in New York.
(DBN)

As beds go unfilled, states scale back Army Corps makeshift hospitals
(DBN)

America's Pandemic Team: Dog Breeder, Internet Thug, College Kid
(DBN)

'Is this another death I'll have to pronounce?'
(DBN)

Healthy people in their 30s and 40s, barely sick with COVID-19, are dying from strokes
(DBN)

The Coronavirus Isn’t Just the Flu, Bro
(DBN)

Getting coronavirus 'will take 13 years off your life', UK researchers claim
(DBN)

CDC adds 6 new possible coronavirus symptoms
(DBN)

Blood Sugar Can Trigger Deadly Response
(DBN)

Coronavirus sweeps through Iowa firefighter’s family
(DBN)

Wife of coronavirus victim finds heartbreaking goodbye note he left behind: "I'm so lucky"
(DBN)

Coronavirus can apparently live for days in your eye
(DBN)

Seniors With COVID-19 Show Unusual Symptoms, Doctors Say
(DBN)

Gates Foundation will focus "total attention" on coronavirus crisis
(DBN)

U.S. passes 50,000 deaths, a quarter of all global fatalities US sees record number of new coronavirus cases in a day - but the mortality rate slows Coronavirus Death Toll Almost Impossible to Track 360 Deaths, or 22,000? Covid 19 Models Global death toll tops 200,000 as some virus lockdowns eased Global coronavirus death toll could be 60% higher than reported Birx predicts coronavirus toll will fall ‘dramatically’ by end of May Coronavirus: US Hits Plateau
(DBN)

96% of nearly 3,300 inmates with coronavirus were asymptomatic, survey shows
(DBN)

What happened when I went to a coronavirus testing booth
(DBN)

Canada's top doctor warns against relying on natural herd immunity to reopen economy
(DBN)

Oxford University scientists reveal coronavirus vaccine timeline as human trial begins ‘We will not have a vaccine by next winter.’ Like the 1918 Spanish flu, CDC says second wave of coronavirus could be worse. So what happens next? New idea to speed up coronavirus vaccine research is bold but dangerous
(DBN)

New York To Expand Testing Criteria For Coronavirus, Increase Antibody Testing
(DBN)

In small upstate town, pandemic hits hard
(DBN)

Amid positive Louisiana trends, unexpectedly high death rate
(DBN)

The South is vulnerable to a coronavirus nightmare
(DBN)

CT: Lamont: Sharp drop in coronavirus patients a signal of the peak
(DBN)

New York Reports 437 New Deaths, 12 Straight Days of Decline in Coronavirus Hospitalizations
(DBN)

Coronavirus In L.A. County: 48 More Deaths And 607 New Cases Confirmed
(DBN)

Experts worry 'quarantine fatigue' is starting
(DBN)

"We're doing what we got to do": Coronavirus' toll on NYC's EMTs
(DBN)

Stunning photos and videos show thousands gathered at the Wisconsin capitol to protest the state's stay-at-home order
(DBN)

Tracking The Pandemic: How Quickly Is The Coronavirus Spreading State By State?
(DBN)

Today's country-by-country coronavirus stats: The lack of progress in the US remains very worrying
(DBN)

Trump expands battle with WHO
(DBN)

A recovered coronavirus patient saved 2 lives after donating her blood plasma. She says she's 'still coming to terms' with that ability.
(DBN)

'No Evidence' That Recovered COVID-19 Patients Are Immune, WHO Says Facebook Twitter Flipboard Email The WHO is discouraging governments from issuing 'immunity passports,' warning there's 'no evidence' that recovered coronavirus patients can't be infected again
(DBN)

Chile to push ahead with coronavirus 'release certificates' despite WHO warning
(DBN)

I had COVID-19 symptoms and recovered, but my antibody test left me with more questions than answers. Here's what the process was like.
(DBN)

Here's exactly how well 20 materials for homemade masks — from folded bandanas to blue shop towels — can filter tiny, potentially-dangerous particles, according to an N95 testing company
(DBN)

As States Open Up, Health Experts Seek To Understand Coronavirus's Early Silent Spread
(DBN)

Stop shaming people for going outside. The risks are generally low, and the benefits are endless.
(DBN)

VA health chief acknowledges a shortage of protective gear for its hospital workers 'We're fighting to give them care:' VA workers, veterans groups decry protection shortfalls
(DBN)

How 'Professor Lockdown' helped save tens of thousands of lives worldwide
(DBN)

Social distancing may be harder for families who live with elderly relatives. Here are the 15 states with the largest share of multigenerational households.
(DBN)

Dealing with the dead: Photos reveal the harrowing reality for 4 funeral home directors in Harlem as COVID-19 deaths soar
(DBN)

A DC media exec says he's gone to 2 secret dinner parties in Georgetown during lockdown. That's just one of the ways in which the wealthy are living a whole different reality during the pandemic.
(DBN)

____________

 


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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Despite $484 Billion Loan Program, a Flood of Small Business Bankruptcies Likely in Coming Months
(DBN)

15 Companies Facing Bankruptcy
(DBN)

______________

Bankruptcy Reform:

Making it easier to declare bankruptcy could avert economic catastrophe
(DBN)

BAPCPA: A Wrong-Headed Reversion to the Idea of Punishing Debtors
(DBN)

____________

Claim Objections:

Does a Claim Objection Under Section 502(d) Survive the Transfer of the Claim by the Original Claimant?
(DBN)

____________

Finance:

The growing worry for bondholders: Getting 'primed'
(DBN)

____________

UST:

U.S. Trustee Program Extends Telephonic Section 341 Meetings to Cases Filed Through July 10, 2020
(DBN)

____________

Insurance:

Small businesses line up to sue insurers over coronavirus claims
(DBN)

Legal battles loom as businesses hit by virus sue insurers
(DBN)

____________

Tax:

IRS recalls thousands of employees to work and asks them to bring their own safety gear
(DBN)

____________

Aviation:

Woman Shocked By The Number Of Unmasked Passengers On A Miami To NYC Flight
(DBN)

5 reasons why you should buy a plane ticket to travel this year — and 7 reasons why you shouldn't
(DBN)

How coronavirus will forever change airlines and the way we fly
(DBN)

How to Manage COVID-19 Disruption
(DBN)

Boeing looks to restart production in three states with safety protocols in place
(DBN)

Boeing-Embraer Deal Collapses After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B
(DBN)

Ryanair Chief Rules Out Boeing Max Arrival Until Next Summer
(DBN)

Ryanair’s O’Leary Warns EU He May Sue to Stop Airline Bailouts
(DBN)

Trump Says Government Should Buy Years of Plane Tickets Now
(DBN)

US Airlines Get Extra $9.5Bn for Payroll Treasury Has Paid Out $12.4 Billion in Aviation Payroll Support Airlines Cut Work Hours in Savings Push After U.S. Payroll Aid
(DBN)

Airbus CEO warns workers it's bleeding cash and cuts are needed Airbus CEO: We Might Not Make It
(DBN)

Air France-KLM Sees Traffic at 70% by Year-End If All Feel Safe
(DBN)

Air France-KLM to get up to $12 billion in aid to deal with Covid-19 blow out
(DBN)

Norwegian Proposes Debt Restructuring That Will Wipe Out Owners
(DBN)

Pivotal Lufthansa Bailout Snared in Tangle of Governments
(DBN)

Perth Airport has resorted to blocking Virgin Australia planes with a bulldozer in an attempt to get the airline to pay its debt
(DBN)

Branson races to find Virgin Atlantic investor in rescue attempt
(DBN)

Administrator Says Virgin Australia Owes Over $6 Billion
(DBN)

Virgin Atlantic says still talking with UK government on coronavirus funds
(DBN)

How air travel will change after COVID-19
(DBN)

A spate of lawsuits could help travelers battling airlines and cruise lines; here's what you need to know
(DBN)

Airlines pivot to cargo to compensate for loss of passengers
(DBN)

South African Airways Staff Given Another Week to Negotiate Big dilemma for SAA employees as clock ticks towards deadline
(DBN)

Singapore Air Says It Will Halt Most Flights Until End-June
(DBN)

____________

Food/Beverage:

The rise and fall of Chuck E. Cheese, as the iconic chain struggles amid the coronavirus pandemic
(DBN)

Closed Food Businesses, Restaurants Look for Ways to Carry On
(DBN)

Pork Plant Workers Sue Smithfield For Right To Cover Sneezes During Food Prep
(DBN)

Beer, milk, and produce: All the food that's getting dumped during the pandemic
(DBN)

Millions of gallons of beer could go to waste
(DBN)

Alabama chicken plants scramble to slow outbreaks of coronavirus
(DBN)

Company euthanizes 2 million chickens
(DBN)

Meat shortage looms as coronavirus shuts packing plants, leaving farmers with tough choices
(DBN)

Wisconsin Beef Plant Shuts Down for Virus Adding to Meat Squeeze
(DBN)

As they rushed to maintain U.S. meat supply, big processors saw plants become covid-19 hot spots with illness among employees spiking I work at Smithfield Foods. I'm suing them over putting our lives at risk for your dinner.
(DBN)

'The Food Supply Chain Is Breaking.' Tyson Foods Warns of Meat Shortage as Plants Close Due to COVID-19
(DBN)

'It’s a Bucket Brigade on a 5-Alarm Fire.' Food Banks Struggle to Keep Up With Skyrocketing Demand
(DBN)

USDA let millions of pounds of food rot while food-bank demand soared
(DBN)

As restaurants stay closed, chefs still cooking — for health care workers
(DBN)

____________

Education:

Coronavirus bursts the US college education bubble
(DBN)

Homeless Families Face High Hurdles Home-Schooling Their Kids
(DBN)

'I just can't do this.' Frustrated parents giving up on home school
(DBN)

How's College For Students During The Coronavirus? Students Explain Why They Miss In-Person Classes
(DBN)

College Campuses Must Reopen in the Fall. Here’s How We Do It.
(DBN)

Students in New York file class-action lawsuits against 3 universities, claiming that schools have failed to adequately refund fees
(DBN)

____________

Art:

Survey reveals a dire situation for independent artists, with almost two-thirds now unemployed
(DBN)

____________

Mail:

Trump vows to 'never let our Post Office fail' hours after threatening to let it die unless it hikes Amazon rates Trump says he will block coronavirus aid for U.S. Postal Service if it doesn't hike prices immediately Trump tightens the Postal Service squeeze Save the Postal Service
(DBN)

The Founders never intended the Postal Service to be managed like a business
(DBN)

FactCheck: The Postal Service loses money on every e-commerce package it delivers
(DBN)

____________

Entertainment:

Hollywood has gone dark, and it's crushing thousands
(DBN)

____________

Sovereigns:

Further Thoughts on Necessity as a Reason to Defer Sovereign Debt Obligations
(DBN)

UN agency calls for $1 trillion developing world debt write-off
(DBN)

____________

UK:

U.K. Prime Minister Boris Johnson To Return To Work Monday Boris Johnson returns to face growing virus divisions in UK Coronavirus: Johnson faces lockdown dilemma as scientists warn over grim data
(DBN)

UK’s Boris Johnson faces pressure to lift the lockdown as he returns to work
(DBN)

UK will need to extend Brexit transition, Merkel ally warns Britain Post-Brexit trade talks with EU on course to fail, Johnson warned
(DBN)

British pubs are closed, but Brits won't give up their pub quizzes Drinkers and Lenders Alike Lament Closure of British Pubs
(DBN)

UK passes grim milestone of 20,000 hospital deaths from Covid-19
(DBN)

Medics on Front Line of U.K. Virus Battle Still Fear for Safety
(DBN)

Passengers entering UK 'to be quarantined for two weeks' in new plans to halt coronavirus spread
(DBN)

New jobs fall two-thirds despite higher demand for health workers
(DBN)

U.K. Retail Sales Post Biggest Drop on Record Amid Lockdown
(DBN)

Landlords hit back at accusations of aggressive tactics
(DBN)

UK at 'dangerous' stage, no lockdown exit strategy in sight
(DBN)

UK Reports Lowest Virus Death Toll In Weeks
(DBN)

Northern Ireland economy acutely exposed to coronavirus
(DBN)

Suspended UK pension contributions could total £1bn
(DBN)

Half of SMEs in UK will run out of cash in 12 weeks, finds survey
(DBN)

Police in England warn rural vigilantes not to take law into own hands during lockdown
(DBN)

Tata Steel calls on UK to lift £50m cap on coronavirus aid
(DBN)

Transport for London to Place a Quarter of Its Staff on Furlough
(DBN)

____________

EU:

Europe prepares to ease lockdown measures
(DBN)

European bank investors brace for  loan loss provisions
(DBN)

Factories Fire Up in Europe to Pull Economy Back From the Abyss
(DBN)

EU Recovery Fund Should Be Around $1.6 Trillion, Gentiloni Says
(DBN)

Why the World’s Highest Virus Death Rate Is in Europe’s Capital
(DBN)

____________

PIIGS:

Italy's Conte Vows To Reopen Schools In September
(DBN)

Italy to reopen some businesses as early as this week Italy to Begin Easing Virus-Linked Lockdown on May 4, Conte Says
(DBN)

A Glimpse of Italy’s Grim Trade-Off Between Death and Growth
(DBN)

Italian Bonds in Tailspin Only Get Worse as EU Leaders Squabble
(DBN)

Italy frees some mafia bosses from prison over coronavirus, reports say
(DBN)

Italy Dodges Downgrade With Credit Rating Affirmed by S&P
(DBN)

As Virus Lockdown Eases, Italy Ponders What Went Wrong Many failures combined to unleash death on Italy’s Lombardy
(DBN)

Spain Reports Fewest Coronavirus Deaths in Almost Five Weeks
(DBN)

'We're Going Out!': Spanish Kids Reclaim Streets After Weeks Indoors
(DBN)

Italy and Spain announce plans to ease coronavirus lockdowns further
(DBN)

Portugal Bets on Safe-Haven Status to Spur Coronavirus Comeback
(DBN)

Trump golf course seeks a lifeline from Ireland
(DBN)

Call for action as SME cash crunch beckons
(DBN)

____________

Canada:

Canada's Reopening Won't Depend On Immunity: Trudeau Canada shouldn't reopen economy without enough worker PPE, Trudeau says
(DBN)

Canada's deadliest shooting rampage began with an argument between the gunman and his girlfriend, police say
(DBN)

____________

North Korea:

US intelligence does not believe Kim Jong Un is dead
(DBN)

____________

Australia:

COVID-19 Insolvency Update: Voidable transactions - Key issues for creditors
(DBN)

Two Australian States Are Easing Coronavirus Restrictions
(DBN)

Australia’s Next Step in Virus Battle is Contact-Tracing App
(DBN)

____________

New Zealand:

Praised For Curbing COVID-19, New Zealand's Leader Eases Country's Strict Lockdown
(DBN)

____________

Brazil:

Brazil 'super minister' quit over Bolsonaro's alleged interference in the country's worst crisis yet, sparking chaos ‘A Perfect Storm’ in Brazil as Troubles Multiply for Bolsonaro
(DBN)

____________

Africa:

The sudden rise of the coronavirus grim reaper: Ghana's dancing pallbearers
(DBN)

South Africa Seeks  95 Billion Rand From IMF, World Bank, NDB
(DBN)

Kenya Shuts Off Capital for Three More Weeks on Virus Concerns
(DBN)

IMF Approves $309 Million for Mozambique Virus Response
(DBN)

South Africa to Cap Losses for Banks Giving Virus Loans
(DBN)

Botswana Sees Economy Contracting 13.1% Due to Coronavirus
(DBN)

____________

China:

Bankruptcy with Chinese Characteristics: Insolvency Administration in the People's Republic of China
(DBN)

China's virus cases could have been four times official tally
(DBN)

Washington Post sues State Department over access to Wuhan coronavirus cables
(DBN)

China Says 12 Coronavirus Cases Remain in Wuhan, None in Serious Condition
(DBN)

Chinese property tycoon lands on debtors blacklist
(DBN)

Daimler says China business picks up again: report
(DBN)

China’s Second-Quarter Rebound Already Losing Steam, Data Show
(DBN)

____________

Russia:

Can Putin’s Russia Survive Weak Oil And The Coronavirus?
(DBN)

____________

MENA:

Egypt Asks IMF for Financial Aid Amid Coronavirus Fight
(DBN)

Dubai Business Hub Rolls Out Measures for Firms and Workers
(DBN)

S&P Global Ratings: Several Lebanon Bonds Downgraded To 'D'- Outlook Negative
(DBN)

Arab doctor and an ultra-Orthodox Jew find common ground in a covid ward
(DBN)

Could Low Oil Prices Spark A New War In The Middle East?
(DBN)

Saudi Arabia Partially Lifts Coronavirus Curfews, Mecca Still Locked Down
(DBN)

Saudi Arabia Ends Death Penalty for Minors and Floggings
(DBN)

Israel reopens some businesses and considers resuming school year
(DBN)

Lebanon Bank Attacked With Explosive Amid Economic Crisis
(DBN)

____________

France:

Violent protests in Paris suburbs reflect tensions under lockdown
(DBN)

France records 242 new deaths, marking a major drop in its daily toll France Reports Fewest Coronavirus Deaths in a Month
(DBN)

French PM To Present Strategy On Ending Virus Lockdown
(DBN)

____________

Germany:

Germany Sees Economy Shrinking Up to 7% This Year, Spiegel Says
(DBN)

'Pandemic populism': Germany sees rise in conspiracy theories
(DBN)

German Coronavirus Deaths Climb to 5,723 With 148 New Fatalities
(DBN)

Heiko Maas warns against restarting tourism too early
(DBN)

German shops reopen but celebrations in Berlin are muted
(DBN)

'I want my life back': Germans protest against lockdown
(DBN)

____________

India:

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings
(DBN)

India takes a small step toward relaxing its strict lockdown
(DBN)

India Pays $4.8 Billion to Its Poor to Ease Virus Woes
(DBN)

India Allows Neighborhood Stores to Reopen, Keeps Malls Shut
(DBN)

____________

Iceland:

Iceland Talks About Its Covid 19 Success
(DBN)

____________

Japan:

This Japanese Island Lifted Its Coronavirus Lockdown Too Soon and Became a Warning to the World
(DBN)

Japan, Singapore could be the Asian economies worst hit by coronavirus: Moody’s Analytics
(DBN)

Japan Government Weighing Need to Extend Emergency, Reports Say
(DBN)

____________

Mexico:

Mexican Doctors Attacked With Bleach, Assaulted Over Coronavirus Transmission Fears
(DBN)

Mexico Acute Lung Infections Jump 50%, Implying Virus Undercount
(DBN)

As World Splurges on Virus Fight, One Leader Bets on Austerity
(DBN)

5 Reasons Why Mexico’s Oil Industry Is Destined For Disaster
(DBN)

____________

Singapore:

Singapore Becomes Asia’s Most Infected Nation After China, India
(DBN)

____________

Venezuela:

Riots Erupt in Venezuela Countryside Due to Food, Fuel Scarcity
(DBN)

Drowning in Oil, Yet Paying $10 a Gallon for Gas in Venezuela
(DBN)

____________

Argentina:

Debt talks at impasse as creditors reject initial proposal
(DBN)

Alternatives to default: How Argentina could sweeten its offer to creditors
(DBN)

Argentina Extends Lockdown by 2 Weeks to May 10 to Contain Virus
(DBN)

Recovery Hit as Argentina Exits Trade Talks, Opposition Says
(DBN)

Buenos Aires Bondholder Offer Headed for Rejection, Analysts Say
(DBN)

Argentina Starts Roadshow in Bid to Restructure $76 Billion Debt
(DBN)

____________


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