August 26, 2020

The Daily Bankruptcy News

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Law:

Kirkland's Bankruptcy Partnership With Jackson Walker Could Be a Sign of Things to Come
(DBN)

International Biglaw Firm To Roll Back Salary Freeze, Hand Out Bonuses
(DBN)

The Salary Cut Roll Backs Continue: Another Billion-Dollar Biglaw Firm Reverses Course
(DBN)

Loeb & Loeb Latest Law Firm to Roll Back Pandemic Salary Cuts
(DBN)

Honeywell Legal Boss Went Beyond Big Law to Cut 100 Firms to 13
(DBN)

2 law schools dinged for bar pass standard are now found to be in compliance
(DBN)

After Disastrous Meeting, Bar Association Goes All In On Risky Online Exam Plan
(DBN)

Becoming A Bar Exam Whiz… Literally
(DBN)

Biglaw Firm Steps Up Its Support Of Working Parents
(DBN)

The Female Equity Partner Scorecard: How Do Elite Biglaw Firms Stack Up For Women? (2020)
(DBN)

Your Undergrad Degree Really Does Impact How Much Money You Make As A Lawyer
(DBN)

3 Questions For A Creative Solo (Part I)
(DBN)

These law firms ranked highest for midlevel associate satisfaction; transparency ratings increase
(DBN)

Donald Trump Jr. privately thinks Trump will lose in November, and fears prosecutions will follow, according to a new report which he has strongly denied
(DBN)

Lawyer couple who pointed guns at protesters tell Republican convention that suburbs in peril The gun-toting McCloskeys said they feared death, but they survived to fight the culture wars St. Louis Gun-Waving Lawyers Deliver Funniest Republican Convention Speech Of The Night
(DBN)

4th Circuit strikes down part of federal anti-rioting law but upholds its use in Charlottesville case
(DBN)

Multiple buildings set on fire during 2nd night of unrest in Kenosha
(DBN)

The police shooting of Jacob Blake, a Black Wisconsin father, explained Jacob Blake Is Paralyzed from the Waist Down After Being 'Shot in the Back Seven Times' by Police
(DBN)

Trump suggests deploying the National Guard in Wisconsin, seemingly unaware that it's already been done
(DBN)

An RNC speaker said it would be 'smart' for police to racially profile her biracial son because of 'statistics'
(DBN)

One Person Dead After Shots Fired In Kenosha On Third Night Of Jacob Blake Protests: Report Gun battle on the streets of Kenosha Two dead and one wounded in Kenosha shootings during Jacob Blake protests
(DBN)

Portland Man Accused of Threatening Federal Employee Near Courthouse: 'It's a Paintball Gun Now, But...'
(DBN)

Man arrested after shots fired at Trump supporters
(DBN)

Police: Man, protest marchers exchange gunfire; 1 hurt
(DBN)

Air Force OIG: AG Barr's Legal Justification for Aerial Surveillance of Black Lives Matter Protests Was 'Mistaken'
(DBN)

Suspect Identified After 75-Year-Old Man Was Punched for Asking a Woman to Social Distance at Store, Authorities Say
(DBN)

CDC warns employees not to argue with anti-mask customers
(DBN)

Texas Supreme Court OKs Service of Process Through Social Media, Email
(DBN)

The Ninth Circuit Doesn’t View Commonly Used Gun Magazines As Unusual
(DBN)

Virgin Islands Attorney General Curious Why Leon Black’s Name Keeps Coming Up In Her Jeff Epstein Investigation
(DBN)

Judge Denies Ghislaine Maxwell's Request to Identify Three Alleged Victims from Indictment
(DBN)

In Jesus Art Fight, Litigation Finance Begs: Who’s Goliath?
(DBN)

Lawyer who represented Ukraine whistleblower loses malpractice insurance because of ‘high-profile’ work Whistleblower’s Lawyer Gets Dumped By Malpractice Insurer After Trump’s Impeachment Insurance Company Sparks Outrage, Speculation by Dropping Ukraine Whistleblower’s Lawyer as a Client
(DBN)

After sending a junior staffer 588 texts, some with kissing emoji, Alaska's attorney general resigns
(DBN)

______________

Judges:

What happens to the Supreme Court (and the Constitution) if Trump wins
(DBN)

Rare Three-Judge District Court Panel Draws Two Trump Appointees in Census Dispute
(DBN)

Fabiana Pierre-Louis Set to Become First-Ever Black Woman Justice on New Jersey Supreme Court
(DBN)

______________

Wall Street:

S&P 500 futures are flat after benchmark notches another record
(DBN)

Global stocks tick higher after 'constructive' US-China trade talks conclude and investors pin hopes on early development of a vaccine
(DBN)

Market is signaling that 2021 economic recovery will be 'pretty darn good,' Morgan Stanley investment chief says
(DBN)

Here are 5 takeaways from the Dow index shakeup
(DBN)

______________

Layoffs:

American Airlines says it will cut 19,000 jobs in October
(DBN)

Wirecard AG to Cut 730 Jobs as Insolvency Proceedings Commence Insolvent Wirecard to slash more than half its German staff
(DBN)

Bed Bath & Beyond cuts 2,800 jobs in restructuring move
(DBN)

Ascension move to outsource IT will eliminate 'a few hundred' jobs
(DBN)

Marriott at University of Dayton sees 117 permanent layoffs
(DBN)

______________

Politics:

Kimberly Guilfoyle's RNC speech summed up the Trump campaign's new mantra: 'Vote for Trump or Die' Former Fox host Kimberly Guilfoyle gives RNC speech riddled with exaggerated claims and conspiracies Kimberly Guilfoyle’s speech encapsulated the Fox News feel of the RNC’s first night Night one of the RNC was all about spreading fear, in stark contrast to the hopeful message of the DNC
(DBN)

Republicans make a political miscalculation when they warn that Democrats are ending the suburbs as we know them
(DBN)

A loyalty test for the GOP, a reality test for the country
(DBN)

Coronavirus fears fall, Trump approval rises in swing states, new poll shows
(DBN)

Republicans' TV Audience Tumbles on Every Network Except Fox
(DBN)

Trump exploited the powers of the presidency and the backdrop of the White House to promote his campaign during night 2 of the RNC White House role in convention raises Hatch Act concerns
(DBN)

Seven Controversies Beneath The Surface Of GOP Convention Night Two
(DBN)

Fact-checking the second night of the 2020 Republican National Convention
(DBN)

Giving Out Presidential Pardons on TV
(DBN)

Trump's convention: Scare the base, then soften the tone Analysis: Trump uses convention to cast himself as lifesaving hero Red meat for Trump’s base dominates Night 2 of the Republican National Convention
(DBN)

Melania Trump calls for four more years of Trump in a solemn Republican convention speech
(DBN)

Republicans Feed Their Persecution Complex
(DBN)

Six Of The Biggest Falsehoods Of The Second Night Of The Republican Convention
(DBN)

RNC night 2 was a surreal event featuring fringe right-wing figures, a naturalization ceremony, and a presidential pardon
(DBN)

RNC Day Two: 2 Winners and 3 Losers
(DBN)

Trump invites 'QAnon' conspiracy theorist to RNC speech, while members of Congress introduce resolution condemning the anonymous hoax RNC Speaker Canceled After Boosting QAnon Conspiracy Theory About Jewish Plot to Enslave the World
(DBN)

Evangelicals Look for Truth Online, Get QAnon
(DBN)

Georgia Senate candidate bombarded by online racist trolls
(DBN)

‘Truly Remarkable’: Mike Pompeo’s RNC Speech Violates His Own Department's 'Legal Restrictions' Secretary of State Mike Pompeo made a series of false claims about Trump's foreign policy in controversial RNC speech
(DBN)

Black Monday for the religious right
(DBN)

New Swing State Georgia Could Decide Control of the Senate
(DBN)

The coronavirus took a back seat to culture wars during the RNC's first night Donald Trump Jr. claims in RNC speech that the president 'acted quickly' to contain COVID-19 as US death toll approaches 180,000 Coronavirus an afterthought as RNC opens
(DBN)

The RNC’s big Covid-19 lie, refuted in one chart
(DBN)

Kellyanne Conway ‘will still be speaking at RNC’ despite daughter Claudia tweeting her ‘devastation’ at news
(DBN)

Kimberly Klacik, whose viral campaign ad urged Black Baltimore voters to abandon Democrats, speaks at Republican convention
(DBN)

Win or lose, Trump is stamping his imprint on GOP over Reagan's
(DBN)

Biden campaign disavows endorsement from Richard Spencer
(DBN)

George W. Bush will not endorse Joe Biden, his spokesman says amid mounting speculation he will follow dozens of former aides to campaign against Donald Trump ‘Very different party’: George W. Bush’s absence from RNC shows again how GOP has changed under Trump
(DBN)

Vote by mail rules differ by state. Here's a map showing how it works where you live.
(DBN)

Tim Scott: "Mail-in ballots will prove to work out just fine"
(DBN)

Why Tim Scott’s hopeful address was the RNC’s best speech
(DBN)

Trump says he'll nominate Chad Wolf to be DHS secretary
(DBN)

TV ratings plummet for Democratic convention
(DBN)

State Department office in charge of etiquette plagued by etiquette problems, watchdog finds
(DBN)

Trump Has Now Moved $2.3 Million Of Campaign-Donor Money Into His Private Business
(DBN)

FactCheck: Melania's Redo of the Rose Garden
(DBN)

____________

Student Debt:

Trump Vs. Biden On Student Loans: Where They Stand
(DBN)

Trump Likely Would Do This To Student Loan Forgiveness
(DBN)

____________


Economy:

Chicago Fed National Activity "Index Suggests Slower, but Still Well-Above-Average Growth in July"
(DBN)

Fed’s Esther George sees risks building of double-dip recession
(DBN)

US consumer confidence drops for 2nd straight month as virus cuts deeper into spending and hiring Consumer Confidence Drops Again In August Consumer Confidence at Lowest Level in 6 Yrs
(DBN)

Millions fall back into crisis as stimulus and safety nets vanish
(DBN)

Eight High Frequency Indicators for the Economy
(DBN)

Social Security could be depleted by 2023 if Trump eliminates the payroll tax, chief actuary says
(DBN)

August Employment Report Will Show an Increase of 237,800 Temporary Census Workers
(DBN)

IRS To Mail 50,000 Stimulus Checks Next Month
(DBN)

Sorry America, But The Second Stimulus Check May Not Happen After All
(DBN)

$300 Unemployment Benefits: Here’s When Payments Go Out In Each State
(DBN)

The Coronavirus Generation
(DBN)

As permanent economic damage piles up, the Covid Crisis is looking more like the Great Recession
(DBN)

Idaho House passes resolution to end coronavirus emergency declaration
(DBN)

Jeff Bezos Is Now Worth A Record $199.7 Billion
(DBN)

Kudlow Touts Economic Bright Spots, Looks Past Pandemic Pain
(DBN)

Sacramento may pay people $1,000 to stay home when infected
(DBN)

The office, as you know it, is dead
(DBN)

Offices must make people 'want to go to work' post-COVID, says major landlord
(DBN)

Trump’s $35 Trillion China Divorce Is His Most Costly
(DBN)

FactCheck: Joe Biden and Kamala Harris “want massive tax hikes on working families.”
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Bankruptcy Court Holds It Cannot Bless Foreclosure Sale Inadvertently Completed After Debtor’s Bankruptcy Filing
(DBN)

New Home Sales increased to 901,000 Annual Rate in July A few Comments on July New Home Sales New home sales leap to highest in nearly 14 years as market thrives on low mortgage rates
(DBN)

What can cool down housing demand? The 10-year yield above 1.94% might
(DBN)

Housing market is a silver lining in a difficult economy, economist says
(DBN)

Mortgage demand from homebuyers spikes 33% annually
(DBN)

Lenders Ask Homebuyers To Certify They Won't Seek Forbearance
(DBN)

Case-Shiller: National House Price Index increased 4.3% year-over-year in June
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Declines Slightly to 7.20%"
(DBN)

NMHC: Rent Payment Tracker Shows Decline in Households Paying Rent
(DBN)

Mortgage Delinquencies Soar To Decade High Freddie Mac: Mortgage Serious Delinquency Rate increased in July, Highest Since Feb 2013
(DBN)

As Evictions Loom, Lawyers Are Gearing Up to Help
(DBN)

Landlord Allegedly Murdered Couple Found in Viral TikTok Suitcase Video, Was 'Angry' About Unpaid Rent
(DBN)

Real estate investor bankruptcy hearing raises allegation of a Ponzi scheme
(DBN)

Denver real estate agent fired for removing Black Lives Matter signs from front yards
(DBN)

____________

Municipalities:

Pennsylvania governor calls for legal weed to fix money woes. Murphy leaves it out of his budget address.
(DBN)

____________

Oil/Gas:

Oil Producers Poised To Break Chapter 11 Bankruptcy Records
(DBN)

Two Major Shale Drillers Plan Layoffs
(DBN)

____________

Mail:

USPS postmaster general says he'll keep some cost-cutting measures in place after the election, despite pushback from Democrats
(DBN)

Fewer voters say they’re voting by mail amid USPS changes, new polls show
(DBN)

The U.S. Is Facing the Possibility of a Truly Illegitimate Election
(DBN)

Rep. Katie Porter quizzed the postmaster general about the mail. He didn’t do great.
(DBN)

Brand New Mail Sorting Machine Thrown Out at USPS Center, Leaving Workers Sorting by Hand
(DBN)

NY wants court to declare mail disruptions unconstitutional
(DBN)

Multi-State Lawsuit Filed Against Trump Admin Over Removal of USPS Collection Boxes, Mail Sorting Machines
(DBN)

____________

Retailing:

Navy SEAL Trader at Jefferies Helped Expose Hedge Fund Scandal
(DBN)

More Than Half Of San Francisco Storefronts Closed Due To Pandemic
(DBN)

J.Crew wins approval to exit chapter 11 bankruptcy J Crew wins bankruptcy exit approval, will give lenders control
(DBN)

Neiman Marcus executives face retirement savings slash during bankruptcy
(DBN)

Nordstrom Misses Big On Earnings And Digital Shift Nordstrom's Sales Fell 53% in Q2
(DBN)

A regional supermarket chain just filed for bankruptcy despite surging grocery sales
(DBN)

Retail Bankruptcies Stacking Up, And For Some That Might Not Be Enough
(DBN)

Retail Landlords Offer Pandemic Clauses in New Leases
(WSJ)

Retail is 'scrambling' to keep up with accelerated disruption in the COVID-19 era
(DBN)

____________

Cruise Lines:

Cruise trips are back. This is what they look like now
(DBN)

____________

Sports:

NWSL will begin playing in home markets next week
(DBN)

The college football playoff is a go for 2020, despite reduced field and an active pandemic
(DBN)

____________

Mass Torts:

Attorneys say Boy Scouts is trying to limit abuse survivors from coming forward by curbing ads
(DBN)

____________

Telecoms:

Bankruptcy court gives Frontier's restructuring plan its stamp of approval
(DBN)

Smartphone Sales Fall 20.4 Pct Globally Amid Pandemic
(DBN)

____________

Pensions:

Joe Biden Promises To End Traditional 401(k)-Style Retirement Savings Tax Benefits. What’s That Mean?
(DBN)

____________

Cruise Lines:

A British man is offering 'ghost ship' tours of abandoned cruise ships in the English Channel
(DBN)

____________

Autos:

August Vehicle Sales Forecast: 11% Year-over-year Decline
(DBN)

Honda to pay $96.5 million settlement over Takata airbags
(DBN)

____________

Fraud:

Harleys and Lamborghinis: PPP fraud cases are piling up
(DBN)

____________

Climate:

Laura now forecast to be a catastrophic Category 4 hurricane
(DBN)

____________

Newspapers:

As a sale of the National Enquirer collapses, some wonder if the tabloid is too hot to handle
(DBN)

____________

Finance:

Bankruptcy – Opportunities and Risks for Factors and ABLs
(DBN)

____________

Tourism:

America's Southern tourist towns brace for a Covid winter
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

DIP Finance:

Bankruptcy Process for Sale
(DBN)

____________

Tax:

Navigating Taxes When a Client Files for Bankruptcy
(DBN)

____________

Small Business:

Bankruptcy May Not Be Answer For Struggling Small Businesses
(DBN)

Bankruptcy case puts new changes in spotlight
(DBN)

The Small Business Reorganization Act: An Unintended Lifeline For Small Businesses Considering Restructuring Due to COVID-19
(DBN)

A Cogent Opposing View on SBRA Flexibility
(DBN)

____________

Mediation:

When Mediation Confidentiality Doesn’t Apply–As A Matter of Law (Northern v. Coffey)
(DBN)

____________

Emerging Markets:

Challenges of Emerging Market Restructurings in the Age of COVID-19
(DBN)

____________

D&O:

Two Companies Hit with COVID-19-Related D&O Lawsuits
(DBN)

____________

Aviation:

Delta plans to furlough nearly 2,000 more pilots as COVID-19 continues to wreak havoc on the airline industry
(DBN)

Airlines to shed tens of thousands of workers as pandemic aid expires
(DBN)

Airlines shrink workforce as coronavirus cripples travel
(DBN)

Airline Job Cuts Could Pressure Congress and Trump on Stimulus
(DBN)

Branson clears crucial hurdle in rescue of Virgin Atlantic Creditors Approve a £1.2bn Rescue Package for Richard Branson’s Virgin Atlantic
(DBN)

American Airlines' new plane disinfectant works for a full week, but doesn't stop the main way COVID-19 spreads
(DBN)

Malaysia's AirAsia X seeks creditor help as losses deepen
(DBN)

____________

Education:

University of Alabama reports 531 COVID-19 cases since in-person classes began
(DBN)

City closes all bars after 500 college students test positive
(DBN)

Colleges battling coronavirus and students' behavior
(DBN)

FactCheck: “The fact is that in terms of the risk to schoolkids, this is lower risk than seasonal influenza.”
(DBN)

State colleges to education panel: bridge funding needed
(DBN)

Universities sound alarm as coronavirus cases emerge just days into classes - 530 at one campus
(DBN)

“I miss my friends a lot”: 5 students on the uncertainty of school openings
(DBN)

Despite overall US coronavirus cases declining, experts are warning that middle America is seeing spikes in cases as colleges reopen
(DBN)

Back to school' has taken on grim new reality
(DBN)

Florida Judge Blocks DeSantis Order For Schools To Reopen ‘Voluntarily’ Or Lose State Funding
(DBN)

Student on Zoom chat bound, gagged and attacked by intruder in front of class
(DBN)

Falwell says he's resigned from Liberty University Jerry Falwell Jr. may get $10.5 million payout from Liberty University
(DBN)

____________

Food/Beverage:

Experts: Restaurant Industry Could See Another Round Of Bankruptcies
(DBN)

'You come to work, and you realize you have no job': Ruby Tuesday employees say the chain is shutting down restaurants without warning staff
(DBN)

Winter is coming — and restaurants are scrambling
(DBN)

____________

Healthcare:

Bankrupt Randolph Health near deal with potential buyer to keep hospital open
(DBN)

FDA chief walks back key claim about convalescent plasma for Covid-19
(DBN)

You can get reinfected with Covid-19 but still have immunity. Let’s explain.
(DBN)

6-foot-distancing rule is outdated, Oxford and MIT created new system
(DBN)

From ‘happy hypoxia’ to purpuric rashes, here’s how the coronavirus hits the body
(DBN)

Why Do Some People Weather Coronavirus Infection Unscathed?
(DBN)

CDC: If You Don't Have Symptoms, Don't Test
(DBN)

CDC: COVID-Involved Deaths Down 10.94% for Week Ending August 1
(DBN)

Trump Adviser Refers To Coronavirus In Past Tense In RNC Speech As He Claims ‘Successful’ Fight
(DBN)

Genetic data show how a single superspreading event sent coronavirus across Massachusetts - and the nation
(DBN)

Van Morrison blasts Covid gig limits as 'pseudoscience'
(DBN)

Covid-19 Surge in Illinois Is Inflamed by Rural Counties
(WSJ)

‘Wuhan of the Strip’: These Casino Staffers Are Working in Fear
(DBN)

Everything you need to know about getting tested for the coronavirus to travel
(DBN)

New research into popular gaiters shows the challenges of testing mask safety
(DBN)

Almost 50 North Texans Drank Bleach This Month, Poison Center Warns ‘Stop, It Won’t Cure COVID’
(DBN)

Huge coronavirus outbreak at Maine jail linked to indoor wedding reception
(DBN)

A conference held in Boston in late February may be responsible for tens of thousands of coronavirus infections in the US and abroad
(DBN)

____________

UK:

Paul Hastings’ Finance and Restructuring Growth Accelerates with High-Profile Partner Addition in London
(DBN)

____________

EU:

Europe girds for mass job losses
(DBN)

____________

PIIGS:

ie: US court hears ‘tentative’ deal agreed to resolve Dunne bankruptcy
(DBN)

____________

Canada:

Set-off and claims that may not be compromised by a CCAA plan of arrangement
(DBN)

Hengyun: A Quebec Court Relieves a Tenant of Rent Obligations For Pandemic-related Reasons, But What Does the Ruling Actually Mean?
(DBN)

____________

Germany:

Germany is launching a new experiment in basic income
(DBN)

Germany to Extend Insolvency Moratorium for Virus-Hit Companies
(DBN)

German economy contracts at record pace, recovery hinges on consumers
(DBN)

____________

MENA:

Coronavirus cluster in Gaza raises fear of wider outbreak
(DBN)

____________

India:

Pre-packaged insolvency resolution framework for MSMEs soon, say officials
(DBN)

IBBI bars an Insolvency Professional from rendering services for 3 months
(DBN)

Debt-ridden youth selling his kidney for Rs 20L
(DBN)

____________

Singapore:

Ipso facto clauses under the Insolvency, Restructuring and Dissolution Act
(DBN)

____________

Norway:

Norway in recession as second-quarter GDP falls at record pace
(DBN)

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