August 31, 2020

The Daily Bankruptcy News

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Law:

State Health Committee Chair Calls For Cancellation Of In-Person Bar Exam
(DBN)

California Holds Hearing On Retroactive Bar Exam Score Resolution
(DBN)

Associates’ Favorite Kirkland & Ellis Offices
(DBN)

Coronavirus Crisis Brings About A Potential Law School Merger
(DBN)

Another Am Law 100 Firm Reversing Course On Salary Cuts
(DBN)

The Great Salary Cut Rollback Tracker: Where Does Your Law Firm Stand?
(DBN)

Arizona First State to OK Nonlawyer Ownership of Law Firms
(DBN)

Stoel Rives Boss Advocates for Self-Care
(DBN)

Professor At Top Law School Uses N-Word And Won’t Apologize For It
(DBN)

Law students flock to bankruptcy classes for fall 2020
(DBN)

Salary Cuts Are A Thing Of The Past At This Biglaw Firm
(DBN)

Lawyer can’t sue over poor Avvo rating and allegedly incorrect bar status, federal judge rules
(DBN)

Lawyers sanctioned $500 for ‘grossly negligent’ court filings and ‘heaping mess’ of binders
(DBN)

Anxiety Is A Real Challenge To Law
(DBN)

Associates Say This Biglaw Firm Is Best At Technology
(DBN)

Has COVID Really Changed The Practice Of Law Forever?
(DBN)

Trump Offered Kelly the FBI for His Loyalty
(DBN)

McGahn Argued Kushner's Security Clearance
(DBN)

'Deeply reckless': Critics slam leaked police memo about Breonna Taylor
(DBN)

One Shot Dead as Hundreds of Trump Supporters Descend on Portland One person has been shot dead in Portland as clashes break out between pro-Trump supporters and Black Lives Matter protesters One dead after pro-Trump caravan rolls through Portland, triggering conflict with counterprotesters Patriot Prayer founder: Dead man in Portland was a supporter
(DBN)

Violence and Trump threats are unlikely to deter Portland protesters
(DBN)

Patriot Prayer No Stranger to NW Protests
(DBN)

State police returning to Portland following deadly shooting
(DBN)

Wolf says "all options" on the table for ending violent protests in Portland
(DBN)

The FBI warned for years that police are cozy with the far right. Is no one listening?
(DBN)

Hidden in Plain Sight: Our Police Forces
(DBN)

Justice Dept. Never Fully Examined Trump’s Ties to Russia, Ex-Officials Say
(DBN)

Trump Calls DC Protesters Thugs
(DBN)

Kenosha videos of Jacob Blake, Kyle Rittenhouse shootings prompt fierce debate over race and justice
(DBN)

Kenosha protest shooting victims engaged with gunman, lawyers allege
(DBN)

Wisconsin Gov. Tony Evers sends letter to Trump asking to 'reconsider' visit to Kenosha: 'I am concerned your presence will only hinder our healing'
(DBN)

Jacob Blake Family Lead Kenosha March FactCheck: Jacob Blake
(DBN)

Lawyer: Illinois Teen Charged With Kenosha Shootings, Kyle Rittenhouse, A ‘Scapegoat’ Who May Fight Extradition Rittenhouse attorney says he did not transport gun Witnesses describe the night Kyle Rittenhouse opened fire during protests in Kenosha
(DBN)

Kenosha Reels After Shooting and Violence
(DBN)

Activists: Militias tolerated, Kenosha protesters arrested Police face complaints of tolerating vigilantes
(DBN)

Rally supporting cops draws scores to downtown Kenosha
(DBN)

California lawmakers vote to consider slavery reparations
(DBN)

Former DHS: Trump is letting right-wing extremists 'start a race war'
(DBN)

New Jersey town tried to bill teenage BLM protest organizer $2,500 for police overtime
(DBN)

Secret service agents are battling coronavirus cases
(DBN)

Pelosi vows to get Trump’s tax returns from Treasury if Biden wins: ‘The world will see what the president has been hiding’
(DBN)

To punished workers, Hatch Act not a joke
(DBN)

Starbucks to push for employees and customers to vote on Election Day
(DBN)

AK: Sheriff Resigns Over Racist Rant
(DBN)

Manhattan Beach 'Karen' in Racist Rant
(DBN)

Sarah Palin can sue New York Times for defamation: court ruling
(DBN)

______________

Judges:

New judge will hear Tennessee man’s murder appeal after first judge said he prefers Texas law
(DBN)

Raniere, facing possible life sentence, wants judge to know 'he's being watched'
(DBN)

Federal Judges Reinventing the Jury Trial During Pandemic
(DBN)

______________

Wall Street:

Stock futures rise as Wall Street wraps up its best August in more than 30 years
(DBN)

Dow closes more than 150 points higher to erase its 2020 losses
(DBN)

Market posts one of the strongest July-August rallies in history as hazard after hazard melts away
(DBN)

______________

Layoffs:

MGM Resorts lays off 18,000 furloughed workers
(DBN)

Coca Cola Offers Buyouts to 4,000 Workers
(DBN)

Job Cuts at MGM, Coca-Cola, Boeing Herald Economic Pain Ahead
(DBN)

Saddleback Valley district sends layoff notices to 174 employees
(DBN)

Technicolor lays off 100 in Huntsville facility
(DBN)

Cape Cod Healthcare lays off 118 employees
(DBN)

Drone maker General Atomics lays off hundreds
(DBN)

Onondaga County executive prepares for up to 250 layoffs
(DBN)

UMass Amherst to furlough nearly 850
(DBN)

______________

Politics:

No More In-Person Election Briefings for Congress, Intelligence Chief Says Rubio: Congressional oversight of intelligence faces "historic crisis" Trump Says Intelligence Briefings On Election Canceled Because Of ‘Leakers’—Democrats Call It ‘Deeply Alarming’ Schiff: Withholding intel briefings allows Trump to "conceal the truth"
(DBN)

Top Democrats fear that protests could help Trump win
(DBN)

Trump and allies seek to turn violence at protests to his advantage
(DBN)

Trump praises supporters amid deadly clashes with social justice demonstrators
(DBN)

Biden condemns Portland violence — ‘We must not become a nation at war with ourselves’
(DBN)

Michael Moore warns that Donald Trump is on course to repeat 2016 win
(DBN)

McConnell at RNC: "We are the firewall against Nancy Pelosi’s agenda"
(DBN)

Trump: Ivanka more fit to be first female president than Kamala Harris
(DBN)

President Trump's sister brands Ivanka Trump a 'mini-Donald' and calls Eric 'a moron' in new secret tapes Trump slams Bolton, Woodward and his own niece over tell-all books “Melania Did. Not. Care”: In A Blistering New Book by Stephanie Winston Wolkoff, Melania Trump Sounds a Lot Like Her Husband
(DBN)

Historian on Using White House for Convention
(DBN)

The Republican and Democratic conventions were fact checkers’ time to shine
(DBN)

How the national conventions have changed forever
(DBN)

Jeffress: Trump is OK, Falwell Jr. a Sinner
(DBN)

Kentucky and Michigan secretaries of state ask federal government to butt out of elections
(DBN)

Trump to visit Kenosha amid anger over Jacob Blake shooting Karen Bass: Purpose of Trump's visit to Kenosha is "to campaign and to agitate"
(DBN)

Biden to condemn violence and link "chaos" to Trump on visit
(DBN)

Biden plans modified return to campaign trail
(DBN)

House committee launches contempt proceedings against Pompeo
(DBN)

Top general says no role for military in U.S. presidential election
(DBN)

Will we even know by Inauguration Day who won the election?
(DBN)

Coronavirus worries force election officials to get creative
(DBN)

FactCheck: Joe Biden “is even talking about taking the wall down”
(DBN)

AP Fact Check: Is Trump's America great again or hellscape?
(DBN)

The Shady Dealings at Mar-a-Lago
(DBN)

____________

Trade Shows:

Is This The Future Of The Auto Show? UK’s First Virtual Car Show Opens Its Doors
(DBN)

____________

Music:

Classical agency Columbia Artists says it will shut down
(DBN)

____________

Firearms:

Huntsville pursuing claims against bankrupt Remington
(DBN)

____________

Food/Beverage:

Covid-19 means crunch time for the sad desk salad
(DBN)

Attention Restaurants! Additional Financial Relief Is Coming
(DBN)

____________

Maritime:

Valaris bankruptcy unnerves DSME, Samsung Heavy
(DBN)

____________

Banking:

August 2020: Unofficial Problem Bank list Increased to 66 Institutions
(DBN)

____________

Non-Profits:

Suit: Ex-Female Boy Scout faced harassment, discrimination
(DBN)

____________

Movie Theaters:

AMC Entertainment Wants Back Now Bankrupt Theaters It Was Forced To Sell In Carmike Merger
(DBN)

____________

Tech:

Twitter removes QAnon supporter's false claim about coronavirus death statistics that Trump had retweeted
(DBN)

____________

Seating:

Jason Emerges From Chapter 11 - Company Concludes Fast-Track Reorganization with $250 Million Less Debt, Extended Maturities and Strengthened Balance Sheet
(DBN)

____________


Economy:

Pelosi: “We Are Not Budging” On Size Of Stimulus Package—$2.2 Trillion Or Nothing Second Stimulus: Trump Willing To ‘Sign Something At $1.3 Trillion,’ Says White House Chief Of Staff Fact Check: Do Experts Really Support Nancy Pelosi’s Stimulus Deal Demands? What Mitch McConnell wants in the next stimulus package
(DBN)

New wave of layoffs points to fresh hurdles for U.S. economic recovery heading into the fall
(DBN)

U.S. Treasury yields fall ahead of data, Fed speeches
(DBN)

This Recovery Will Still Take Years
(DBN)

What the Federal Reserve inflation policy means for your retirement savings The Fed’s new policy may have just ushered in a new era of uncertainty on Wall Street Fed’s Bullard says the recession is over but rates will ‘stay low for a long time’
(DBN)

Higher inflation is more of a risk than commonly believed, OECD’s top economist says
(DBN)

Fed’s Harker says it will take ‘a while’ for jobs market to heal, would be OK with inflation at 2.5%
(DBN)

Too risky? Fed pressed to expand aid to some businesses
(DBN)

Global CFOs say this is the time for dealmaking, not preserving cash, CNBC survey reveals
(DBN)

The assault on Social Security is under way
(DBN)

Mnuchin Family is Not Happy With Him
(DBN)

Trump’s Payroll Tax Deferment Plan Goes Into Effect Deferred Payroll Tax Has to be Repaid Quickly IRS Puts Employers on Hook for Payroll Tax
(DBN)

Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit-card data show
(DBN)

Capital One Cuts Card Limits Amid U.S. Jobless-Aid Impasse
(DBN)

Retailers are reporting record online sales during the pandemic. But it won’t last forever
(DBN)

US consumer spending rose a moderate 1.9% in July
(DBN)

IRS to send catch-up payments for missing stimulus checks
(DBN)

California’s Newsom deploys new coronavirus reopening framework, most counties under strict orders California’s charts new and slower course on reopening
(DBN)

Many older workers have little saved toward retirement. Here’s how to fix that
(DBN)

More Than $1 Billion in Suspicious Coronavirus Relief Grants: Report
(DBN)

Here’s when scientists think life might start to get back to normal
(DBN)

Truth About Trump, Biden Tax Plans
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

How the CARES Act failed to protect tenants from eviction
(DBN)

Tampa Bay area attorneys warn that landlords could begin evictions in the coming weeks
(DBN)

Housing cliff meets fiscal cliff with COVID-19 relief delayed
(DBN)

COVID-19 Threatens the Validity of Real Estate Appraisals in Multiple Sectors
(DBN)

Fed’s new inflation policy may lead to higher mortgage rates
(DBN)

Lender takes control of unsold condos at Costa Hollywood Beach Resort
(DBN)

U.S. Real Estate Pain Leaves Foreign Investors Holding the Bag
(DBN)

Retail industry’s woes hobble owner of 5 SC shopping malls
(DBN)

____________

Municipalities:

If they want to stop the recession from getting worse, the GOP needs to focus less on helping big corporations and more on getting aid to state and local governments
(DBN)

New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’
(DBN)

Mayor Bill De Blasio Plans 22,000 Layoffs, As People Flee New York City In Droves
(DBN)

Just How A Massachusetts Primary Could Affect The Puerto Rican Debt Crisis
(DBN)

____________

Oil/Gas:

Energy regulator urges Chesapeake bankruptcy judge to pass on contract dispute
(DBN)

Energy regulator urges Chesapeake bankruptcy judge to pass on contract dispute
(DBN)

Hurricane-related shut-ins curb 82% of oil, 59% of natural gas output in U.S. Gulf of Mexico, regulator says
(DBN)

Seismic data co. SAExploration files for bankruptcy protection after months of negotiations
(DBN)

8th Circ. Ruling May Provide Relief For Bakken Debtors
(DBN)

Is Big Oil Doomed To Repeat The Coal Industry's Mistakes?
(DBN)

Fossil Fuels Are Here To Stay
(DBN)

Oil Prices Up for Fourth Straight Week
(DBN)

____________

Healthcare:

Global coronavirus cases surpass 25 million as pandemic strains nations
(DBN)

Missouri reports record number of virus deaths in single day
(DBN)

U.S. Records Smallest Daily Increase in Coronavirus Cases in a Week
(WSJ)

Nurses have died more often from COVID-19 than other healthcare workers during the pandemic, a preliminary study finds
(DBN)

New Trump pandemic adviser pushes controversial 'herd immunity' strategy, worrying public health officials
(DBN)

CDC report on COVID deaths underlines virus' danger
(DBN)

The Most American COVID-19 Failure Yet
(DBN)

Coronavirus cases climb in the Midwest as more states report growing outbreaks
(DBN)

Researchers at the University of Arizona say they stopped a coronavirus outbreak before it spread by testing students' poop
(DBN)

I’m Optimistic That We Will Have a COVID-19 Vaccine Soon
(DBN)

FDA commissioner says he's willing to fast-track coronavirus vaccine
(DBN)

Your Coronavirus Test Is Positive. Maybe It Shouldn’t Be.
(DBN)

CDC revised guidance on testing ‘unfortunate’ and unlikely to be followed by states, Gottlieb says
(DBN)

Abbott is testing its rapid coronavirus test on asymptomatic people in hopes of expanding FDA authorization
(DBN)

Health agencies’ credibility at risk after week of blunders
(DBN)

Some countries see pandemic as unifying. Not America
(DBN)

Trump's big health promises ignore the coronavirus pandemic's reality
(DBN)

6 Foot Distancing Rule is Outdated
(DBN)

Covid 19 Most Dangerous if Older and Male
(DBN)

____________

Gig Economy:

The different routes Uber and Lyft could take as they fight California law
(DBN)

____________

Climate:

The Biblical Flood That Will Drown California
(DBN)

California’s New Regulations On Heavy Duty Diesels Is Equivalent Of Removing 16 Million Cars From Road
(DBN)

They Know How to Prevent Megafires. Why Won’t Anybody Listen?
(DBN)

Wildfires again threaten business in California wine country
(DBN)

____________

Autos:

Hertz pushing to give $5.4M in bonuses amid bankruptcy Hertz Is Seeking $14.6 Million in New Bonuses for Executives
(DBN)

It's a great time to be a car dealer — but not so hot for buyers
(DBN)

Shiloh Industries, Inc. Enters Into Stock and Asset Purchase Agreement With Grouper Holdings, Files Ch. 11 In BK DE First Day Dec
(DBN)

____________

Retailing:

Lord & Taylor Gets Court Nod to Delay Rent 60 Days Due to Virus
(DBN)

How Lord & Taylor Went Out Of Business: Three Marriages And A Funeral After nearly 200 years, Lord & Taylor goes out of business
(DBN)

Surge of Retail Bankruptcies Coincides With the Anniversary of 'Tempnology'
(DBN)

Some major retailers who filed for Chapter 11 during the pandemic are moving onward after a trip in court during an extraordinary time
(DBN)

Ann Taylor parent must ease restructuring plan’s legal terms for shareholders, SEC says
(DBN)

Neiman’s Targets Marble Ridge Over Conduct During Reorganization Neiman Marcus Does Not Think Hedge Fund Manager Has Suffered Enough Marble Ridge’s Battle With Neiman Marcus Heats Up
(DBN)

Iconic American bookstore Powell's ditches Amazon, and says quitting the tech giant is like kicking a smoking habit
(DBN)

These retailers filed for bankruptcy in August. Here's who might be next
(DBN)

COVID Shutdowns Crushed Home Furnishings And Furniture Stores. The Squeeze Will Continue.
(DBN)

China ‘Kills’ Luxury: The Coronavirus May Have Changed Upscale Buying Forever
(DBN)

The rise and fall of Pier 1
(DBN)

Wayfair: Precarious At The Top
(DBN)

____________

Religion:

What happens when pandemic locks down a globe-trotting pope?
(DBN)

____________

Tourism:

Mexican beach resort tries to lure tourists back in the midst of the pandemic
(DBN)

____________

Theme Parks:

A giant water park in the California desert was abandoned 3 times. Now, its eerie remains could spring back to life.
(DBN)

____________

Defaults:

Are rising default rates cause for concern?
(DBN)

____________

 

Mail:

Disruptions of mail aren’t just a problem for the election—they’re a danger to millions of American lives.
(DBN)

____________

Fraud:

The Only People Dumber Than The Victims Of This Cryptofraud Are Its Alleged Perpetrators
(DBN)

____________

Event Facilities:

Federal judge approves Menominee Nation Arena restructuring plan, allowing it to emerge from Chapter 11 bankruptcy protection
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (203 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:

Factbox: Companies seeking restructuring to secure post-COVID future
(DBN)

Fairness and Flexibility: Understanding Corporate Bankruptcy’s Arc
(DBN)

______________

Venue:

Why bankruptcy venue reform should be in COVID relief bill
(DBN)

____________

Safe Harbors:

Judge tosses Nine West creditors' claims over leveraged buyout Nine West Ch. 11 Fraud And Enrichment Claims Tossed In NY
(DBN)

____________

UST:

Remarks of Director Cliff White at the 2020 Annual Conference of the National Association of Bankruptcy Trustees
(DBN)

U.S. Trustee Program Extends Telephonic or Video Section 341 Meeting
(DBN)

____________

Miscellaneous:

Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
(DBN)

____________

Bankruptcy Strategy:

Getting Paid in Bankruptcy – Part II, Goods and Services
(DBN)

____________

Reclamation:

To Reclaim or Not to Reclaim, That Is the Question
(DBN)

____________

IP:

Intellectual Property Licenses and Bankruptcy
(DBN)

____________

Exemptions:

Pre-Bankruptcy Planning To Maximize Exemptions: Distinguishing What’s Proper From What Isn’t
(DBN)

____________

Cruise Lines:

Cruise operators took a deep bruising from COVID-19, but history says they will recover
(DBN)

Genting Hong Kong says creditor response positive despite US$743 million net loss in 1H20 net loss
(DBN)

____________

Aviation:

National League of Cities: Airline cuts to small-town routes is a "devastation"
(DBN)

FBI opens criminal investigation into OneJet
(DBN)

United Air Scraps Hated U.S. Change Fees in Quest to Woo Flyers
(DBN)

Covid-19 tests providing results in 20 seconds trialled at Heathrow in bid to replace quarantine system
(DBN)

Meir Gurvitz - an unlikely suitor to buy El Al
(DBN)

Thai Airways Employee Claimed 419 Days of Overtime in a Single Year
(DBN)

Thailand to offer $1 billion in loans to pandemic-hit airlines
(DBN)

Colombian government to lend struggling Avianca up to $370 million
(DBN)

Comair receives binding offer as it finalizes business plan Comair is almost cleared for take-off
(DBN)

Bain offers unions key advisory role in Virgin reboot
(DBN)

Norwegian Sinks Deeper into Red Due to Covid-19 Norwegian Air says it needs more cash as losses mount
(DBN)

Five more airlines under court restructuring or ceasing operations
(DBN)

____________

Education:

Colleges vs. parties
(DBN)

‘Almost like Mardi Gras.’ Columbia fire chief breaks up crowded pool party near USC
(DBN)

Colleges with COVID-19 outbreaks advised to keep students ON campus
(DBN)

University of Alabama: Over 1,000 Covid Cases
(DBN)

Second Judge Slams DeVos Funding Plan
(DBN)

Study: Why is College Tuition So Expensive?
(DBN)

____________

Personal Finance:

How a 30-year-old physical therapist with over $230,000 in student loan debt spends her money
(DBN)

____________

Museums:

The Met—American’s Biggest Museum—Reopens After Five Months
(DBN)

____________

Sports:

As COVID Deaths Top 180K, Nebraska Football Players File ‘Contract’ Claim To Reinstate Big 10 Season
(DBN)

More sports leagues join Black Lives Matter protests
(DBN)

NHL postpones 4 playoff games in protest of Jacob Blake shooting
(DBN)

Obama counseled 'a small group' of NBA players amid boycotts
(DBN)

Seahawks coach Carroll says white people need to be educated in America's 'screwed up history'
(DBN)

Bolton Wanderers' owners say they will pay £3.5m bill to avoid EFL penalties
(DBN)

No Recovery For Unsecured Debt In USA Rugby Ch. 11 Plan
(DBN)

____________

Travel:

Educational Tour Co. Approved For Ch. 11 Debt Swap
(DBN)

____________

Sovereigns:

How much does Africa owe, and to whom?
(DBN)

Serbia to pay 85 mln euro of so-called Tito’s debt in September
(DBN)

____________

UK:

British Flag Taken Down at EU HQ in Brussels
(DBN)

Archant bought by private equity: Shareholders wiped out, government set to take over pension fund
(DBN)

____________

EU:

Updated: Guide To Financial Support Measures Across Europe And The Middle East
(DBN)

____________

Canada:

Alternatives to Bankruptcy
(DBN)

Vancouver’s Trump International Hotel closes as operator files for bankruptcy
(DBN)

American Driving through Canada to Alaska Fined $569,000 for Stopping to Sightsee
(DBN)

____________

Sweden:

Riots in Sweden Over Burning a Koran
(DBN)

____________

Germany:

Berlin police break up protests against coronavirus restrictions Berlin protests against virus restrictions continue  Anger after attempt to storm parliament
(DBN)

____________

France:

France Tightens Mask Protocols Amid Gain in Virus Infections
(DBN)

French Finance Minister Calls on Banks To Keep Loan Rates Low
(DBN)

____________

Argentina:

Argentina braced for verdict on $65bn debt restructure
(DBN)

____________

South Korea:

Stricter distancing to push S.Korea's small businesses into brink of bankruptcy: expert
(DBN)

2nd wave of COVID-19 places escalating burden on banks
(DBN)

____________

China:

China’s embattled HNA cedes control of baggage handler Swissport to senior creditors in €1.9 billion debt-for-equity swap
(DBN)

China’s mega banks lost billions of dollars in profit as bad loans rise during coronavirus pandemic Bad Debt Wave Drags China’s Big Banks to Worst Profit Drop
(DBN)

China says manufacturing activity expanded in August, slightly missing expectations
(DBN)

Chinese Borrowers Face Fresh Tests as Debt Reprieve Nears End
(DBN)

____________

India:

Five bankruptcies before breakfast
(DBN)

Single-member bench cannot hear insolvency plea, rules NCLAT
(DBN)

India’s economy faces worst quarterly slump ever after lockdown
(DBN)

____________

Switzerland:

The corona crisis and corporate bankruptcies: Evidence from Switzerland
(DBN)

____________

Ecuador:

Ecuador, IMF reach preliminary agreement on $6.5 bln facility
(DBN)

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