December 23, 2020

The Daily Bankruptcy News

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Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, December 24-25, 2020



Law:

More law firms are announcing bonuses, and some are giving above-market money to top performers
(DBN)

Top 25 Biglaw Firm Will Dump Tons Of Bonus Cash On Associates Who Bill Their Butts Off
(DBN)

These Bonuses Beat The Biglaw Market Rate!
(DBN)

New Jersey Bar Exam STILL Hasn’t Released Results And Folks Fear They May Miss February Deadlines
(DBN)

5 (Unforeseeable, Predicable, And Surprising) Legal Tech Trends In 2020
(DBN)

Judge Warns Erika Jayne Not To Sell Frozen Assets Or Community Property Amid Husband Tom Girardi’s Involuntary Bankruptcy, Plus Photo Of RHOBH Star As She’s Spotted Without Wedding Ring For First Time Since Divorce Filing
(DBN)

Yes, your employer can require you to get a COVID-19 vaccine, the EEOC says
(DBN)

Bill Gurley says direct listing rule change will end traditional IPOs
(DBN)

Biden Leaves Attorney General Pick as Last Major Cabinet Spot
(DBN)

Rudy Giuliani Plays Down Sidney Powell Role Despite Her Trump Meeting
(DBN)

Rudy Lashes Out at Being Investigated
(DBN)

Investigation Appears to Be Tightening Around Rudy Giuliani. A Trump Pardon May Not Solve the Problem.
(DBN)

Arizona GOP May Face Sanctions for Filing Lawsuit Contradicted by Audit, Judge Suggests
(DBN)

GOP Faces Lawsuit from Voter Fraud Lies
(DBN)

Judge Says Lin Wood’s Post-Election Lawsuits May Have Violated Several Professional Rules, Orders Him to Respond
(DBN)

Ken Paxton Spent What on Voter Fraud Probes?
(DBN)

WH Counsel Stuck by Trump Through Impeachment, But His Refusal to Back Election Conspiracy Has Reportedly Landed Him on the Chopping Block
(DBN)

Trump's pardon spree begins Trump pardons 15, including people convicted in Mueller probe Pardons for GOP Crooks and Murderers
(DBN)

Judge in Virginia rules Black defendant can't get a fair trial in courtroom largely featuring portraits of White judges
(DBN)

Grandma Unlawfully Arrested, Tased While Naked; Gets $2.4 Million Compensation From Colorado County
(DBN)

Immigration detainees file for class-action lawsuit against ICE and Georgia gynecologist, alleging misconduct
(DBN)

2 men shot up a California strip club with an AK-47 after refusing to wear masks, authorities say. Now they face life in prison.
(DBN)

FBI: Supremacists Plotted Power Grid Attack
(DBN)

Columbus, Ohio, police officer fatally shoots unarmed Black man
(DBN)

Partner Drops Holiday Party Rap Hit Virtually This Year
(DBN)

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Judges:

Bill that retains Delaware bankruptcy judges for five years headed to president’s desk Bankruptcy Judgeship Extension Bill Headed To Trump's Desk
(DBN)

Wisconsin Judge Who Ruled Against Trump Gets Extra Protection After Threats
(DBN)

Judge Writes, ‘To Say That This Case Is Trouble Is Like Saying 2020 Has Been Difficult’
(DBN)

Court Doubles Down on Airing Trial of George Floyd Defendants After Prosecutors Opposed Full Broadcast
(DBN)

US Supreme Court 2020 Term Preview
(DBN)

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Wall Street:

 

Stocks slide as coronavirus angst lingers, U.S. stimulus underwhelms
(DBN)

Trump derails "Santa rally", Brexit deal hopes lift pound
(DBN)

Some NYSE operations to return to remote working
(DBN)

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Layoffs:

 

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Politics:

Relief bill's passage sets off scramble to declare victory, assign blame
(DBN)

'It's hostage-taking.' AOC lashed out after lawmakers got only hours to read and pass the huge 5,593-page bill to secure COVID-19 relief
(DBN)

Trump is the least patriotic president in US history
(DBN)

Trump threatens 30-day reign of destruction on his way out of office Some White House advisers fear Trump's final days
(DBN)

In Trump's 'coup,' everyone is waiting for someone else to act first Trump didn't attempt a coup. He threw a temper tantrum that never had a chance
(DBN)

More in GOP Want to Fight Electoral College
(DBN)

Trump Meets Members of Congress Plotting to 'Fight' Election Result
(DBN)

Trump's chaos ploy
(DBN)

Trump Turns on GOP Whip John Thune
(DBN)

Trump loyalists harboring martial law fantasies don't know their history
(DBN)

Trump supporters organizing 'second inauguration' for him online Jan. 20 More Than 60,000 Trump Supporters Plan To Attend Virtual ‘Second Inauguration’
(DBN)

Televangelist Pat Robertson says he believes Biden won the election and distances himself from Trump: 'You've had your day, and it's time to move on'
(DBN)

More than 1.6 million votes cast so far in Georgia Senate runoff Early voting in Georgia’s Senate runoffs is massive — but what does that mean? Misinformation Amplifiers Target Georgia Senate Races
(DBN)

GA: Eligibility of 364,000 Voters Challenged
(DBN)

McConnell: Senate to return Dec. 29 for potential Trump veto override vote Trump Jams GOP as Defense Veto Threat Hangs Over Senate Runoffs
(DBN)

Gingrich won't accept Biden as president, says Democrats, Republicans 'live in alternative worlds' Gingrich: Trump should attend Biden inauguration
(DBN)

Hackers believed to have stolen Treasury Department's encryption keys, says Sen. Ron Wyden
(DBN)

Poll: Majority wants Pelosi out as House speaker
(DBN)

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Sports:

NBA Considers Adding More Teams as a Fix for Pandemic Losses
(DBN)

NBA steps out of the bubble and into the world
(DBN)

Dwayne Haskins apologizes, Washington disciplines him for partying without a mask
(DBN)

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Bankruptcy Crimes:

Idaho Falls man sentenced to federal prison for concealing assets in bankruptcy proceeding
(DBN)

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Climate:

Biden wants to make climate fight central to his presidency, potentially miffing oil and gas firms
(DBN)

The U.S. will soon rejoin the Paris climate accord. Then comes the hard part.
(DBN)

Biden has massive climate plans. Where will he find the money to fund them?
(DBN)

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Food/Beverage:

COVID-19 Is Killing America's Small Craft Distilleries
(DBN)

Punch Bowl Social files for bankruptcy protection Punch Bowl Social declares bankruptcy after nightmare year for eatertainment
(DBN)

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Brands:

Tai Lopez explains strategy behind buying bankrupt brands
(DBN)

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Movie Theaters:

Can AMC Theatres Survive the Pandemic Without Bankruptcy or Downsizing Theaters?
(DBN)

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Fitness:

24 Hour Fitness wins approval to exit bankruptcy after closing clubs
(DBN)

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Retailing:

Guitar Center Concludes Fast-track Reorganization, Eliminating Nearly $800 Million of Debt and Strengthening Its Balance Sheet
(DBN)

Amazon to face U.S. union push in year ahead
(DBN)

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Autos:

Coronavirus crippled U.S. auto sales in 2020 but it could have been far worse
(DBN)

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Construction:

How a Subcontractor Protected His Business When Customers Struggled to Make Payments Due to COVID-19
(DBN)

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Economy:

Fed enters Biden era with clipped wings and a warning from Republicans
(DBN)

Pandemic Debt Feeds Bankruptcy Concerns for Zombie Companies
(DBN)

Tracking America's Economy in Charts
(DBN)

US population growth smallest in at least 120 years
(DBN)

The Pandemic's Long Economic Shadow
(DBN)

Massive relief bill leaves some industries happy, others disappointed
(DBN)

The Relief Bill’s Biggest Blind Spot
(DBN)

The record-breaking stimulus
(DBN)

Vaccines and strong economy could mean inflation in 2021
(DBN)

Democrats say more COVID relief needed after current measure becomes law Sanders to Push for Third Stimulus Check, Says $600 Second Round Not Enough Tulsi Gabbard Calls $600 Stimulus Check a 'Slap in the Face' to Americans The COVID relief bill is welcome but not enough Biden is already plotting the path forward on more stimulus Trump slams COVID relief bill, asks for changes after bitter negotiations Trump calls Covid relief bill unsuitable and demands Congress add bigger stimulus payments Pelosi on Trump's call to increase stimulus payments: "Let's do it!"
(DBN)

Trump signs stopgap funding bill; Congress awaits his approval of $892 billion COVID aid
(DBN)

Half of Americans call 2020 a ‘personal financial disaster,’ plan to change priorities in 2021
(DBN)

The omnibus spending bill Congress passed includes unexpected provisions like $2 billion for the Space Force, $35 million in sexual-abstinence programs, and a tax break for racehorse owners 10 years in prison for illegal streaming? It's in the Covid-19 relief bill The 'Three Martini Lunch' Provision in the New Relief Bill, Explained ‘It’s unconscionable’: Outrage over the ‘three-martini lunch’ tax deduction in the new coronavirus aid deal The 5 Weirdest Things Congress Shoved into the COVID-19 Stimulus Bill
(DBN)

U.S. lenders score small business relief, accounting help in pandemic package
(DBN)

Congress just approved more funding for struggling small businesses. Here's what's different this time around. ‘Exhausted’ Small Businesses Get Partial Lifeline With U.S. Aid
(DBN)

Small Business Owner Facing 100k Lawsuit From Landlord Pleads for Concrete Reopening Plan: ‘The System is Broken’
(DBN)

The $900 billion stimulus deal hinged on a disagreement over a single word that was resolved in a late-night call between senators
(DBN)

Biden economic adviser expects 'very challenged' economy early next year
(DBN)

During crucial holiday season, US consumer confidence slumps U.S. consumer confidence unexpectedly drops, hits four-month low U.S. consumer confidence stumbles; COVID-19 sapping economic momentum
(DBN)

Q3 GDP Growth Revised up slightly to 33.4% Annual Rate
(DBN)

U.S. Economic Rebound Is Patchwork of Virus Risk and Rules
(DBN)

U.S. Factories, Health Care Fueled Economy’s Third-Quarter Surge
(DBN)

With virus drop, North Dakota bars can resume normal hours
(DBN)

Smith, other East Texas counties could face business capacity restrictions due to COVID-19 hospitalizations Galveston County reacts to new COVID restrictions Austin-Travis County area crosses threshold for highest coronavirus restrictions
(DBN)

One person with covid-19 went to work in Oregon. Then, 7 people died and 300 had to quarantine.
(DBN)

Videogames are a bigger industry than sports and movies combined, thanks to the pandemic
(DBN)

Strip club owner won't have to pay back millions in PPP aid
(DBN)

Pandemic crushes global supply chains, workers
(DBN)

Global cargo logjam deepens, delaying goods bound for retailers, automakers
(DBN)

Covid made low-wage workers essential, but hard-earned gains are fleeting
(DBN)

Coronavirus sped up digital transformation by 6 years, Twilio CEO says
(DBN)

Class 8 Big Rig Truck Sales Up 18% in 2020
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Chuck E. Cheese: The Mouse Who Didn’t Get the (Rent Relief) Cheese
(DBN)

NAR: Existing-Home Sales Decreased to 6.69 million in November Existing-home sales fall in November as buyers struggle to find properties to purchase Comments on November Existing Home Sales
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in November
(DBN)

NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 3.4% YoY
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey Homebuyer demand for mortgages eases to end a record-breaking 2020
(DBN)

These U.S. real estate markets are poised for a post-pandemic boom
(DBN)

The pandemic could have crushed WeWork. It may have saved it instead.
(DBN)

Illinois CCRC Files for Bankruptcy, Seeks to Restructure $141M in Debt
(DBN)

Embattled Home Finance Biz Renovate America Hits Ch. 11
(DBN)

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Municipalities:

Puerto Rico Oversight Board clashes with bondholders on cash balances
(DBN)

Local governments brace after being frozen out of Congressional coronavirus relief package
(DBN)

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Oil/Gas:

Pacific Drilling Set to Emerge from Bankruptcy as Court Approves Reorganization Plan
(DBN)

The Worst May Be Over For U.S. Oil
(DBN)

The Collapse of US Shale Production Has Begun
(DBN)

Oil drops as new coronavirus variant revives demand fears
(DBN)

U.S. shale oil just had its worst year and the pain could bleed into 2021
(DBN)

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Pharma:

Mallinckrodt judge denies request to appoint official equity committee
(DBN)

Sackler Family Secrets Exposed in Purdue Pharma Bankruptcy Case
(DBN)

US government sues Walmart for alleged role in driving opioid crisis
(DBN)

Babies Born Addicted to Opioids Can Sue Drug Makers: Tennessee High Court
(DBN)

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Healthcare:

US deaths in 2020 top 3 million, by far most ever counted
(DBN)

Covid-19 Deaths to Reverse U.S. Life-Expectancy Gains
(WSJ)

The frontlines of the pandemic
(DBN)

Why Americans will be demanding proof of vaccination
(DBN)

U.S. Child COVID Cases Sees ‘Highest Weekly Increase Since Pandemic Began’
(DBN)

Biden: "Darkest days" ahead
(DBN)

California desperately searches for more nurses and doctors
(DBN)

Christmas in the ICU: Decorations, lights and many tears
(DBN)

The Pandemic Has Now Killed 50,000 Black Americans
(DBN)

Dire COVID-19 warnings go unheeded as many insist on Christmas traditions
(DBN)

Pfizer to supply U.S. with 100 million more Covid shots by July
(DBN)

Confusion reigns as companies, industries try to navigate U.S. COVID-19 vaccine rollout
(DBN)

WHO chief scientist warns against complacency, says herd immunity unlikely until 2021
(DBN)

Why we should think of the Covid vaccine ‘like a tetanus shot,’ according to NIH director
(DBN)

Fauci says new COVID-19 strain is likely already in US Scientists scramble to assess mutated coronavirus Supercharged mutant Covid strain is ‘probably already in the US and may even have started here’, scientists warn Pfizer and Moderna are testing their vaccines against UK coronavirus variant Vaccine Makers Say They’re Ready for Mutant Coronavirus Strains Travel bans can’t contain the new Covid-19 strain CDC warns that travel could spread British Covid-19 strain in U.S.
(DBN)

Fauci, Azar receive COVID-19 vaccine
(DBN)

Axios-Ipsos poll: Finally, some optimism about COVID
(DBN)

WH virus coordinator Deborah Birx says she will retire
(DBN)

Two vaccines are approved for emergency use, but when can you get one? It depends on several factors, including where you live
(DBN)

Growing number of lawmakers decline early access to COVID-19 vaccine Sen. Paul, Reps. Omar and Gabbard reject early access to COVID-19 vaccine
(DBN)

Republican club's indoor holiday party in Queens goes viral for Conga line
(DBN)

Prince William and Kate accused of breaking coronavirus rules again
(DBN)

South Carolina governor tests positive for the coronavirus
(DBN)

Two cardinals close to the Pope test positive for Covid-19 a day after Francis exchanged Christmas greetings with senior staff
(DBN)

COVID-19 Strikes Antarctica, Its 7th Continent, As Chilean Base Hit With Virus
(DBN)

Axios-Ipsos poll: Surviving COVID makes people take it more seriously
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

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

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Virus Sparks Worst December Since 2011
(DBN)

2020 Bankruptcy Trends And Sectors To Watch In 2021
(DBN)

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Bankruptcy Reform:

Bankruptcy Implications of New COVID-19 Legislation
(DBN)

Happy New Year - the Small Business Insolvency Reforms Come to The Party
(DBN)

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Finance:

Court: Firms in bankruptcy blocked from PPP
(DBN)

Overview of the Stimulus Bill and Aid to Small Businesses
(DBN)

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Advisers:

Bankruptcy judge approves McKinsey disclosure deal
(DBN)

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Insurance:

Missouri Court Denies Business Interruption Claim and Questions Prior Decisions
(DBN)

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Aviation:

Man who suffered medical emergency on United flight had coronavirus, coroner says
(DBN)

Passengers open Delta jet cabin door, exit via slide at LaGuardia Delta passenger 'who suffers PTSD' pops the escape slide of a plane on the tarmac and escapes with his support dog and companion in New York
(DBN)

American Airlines begins return of workers after payroll relief
(DBN)

Why Airlines Outrank Restaurants in Relief Money
(DBN)

Airlines Gets $500,000 Per Person Rehired
(DBN)

Boeing 737 MAX crash victim families urge Europe to hold off on lifting ban
(DBN)

Boeing Extends 737 Max Sales Streak as Alaska Air Boosts Order
(DBN)

German airline Lufthansa reaches deal with pilots on cost savings
(DBN)

Aircraft repossessions could be on way as aviation crisis deepens
(DBN)

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Education:

Public school enrollment slips, showing pandemic's toll on education
(DBN)

Public Schools Face Funding ‘Death Spiral’ as Enrollment Drops
(DBN)

Biden Picks Connecticut Schools Chief for Education Secretary
(DBN)

Teachers Blast Biden Education Sec. Pick
(DBN)


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Banking:

Trump’s Longtime Banker at Deutsche Bank Resigns
(DBN)

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Student Debt:

No student loan relief in $900 billion stimulus bill
(DBN)

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Crypto:

Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company's Bankruptcy
(DBN)

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Coal:

Coal firm Blackjewel's exit from bankruptcy delayed, hearing continued into new year
(DBN)

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Magazines:

Bankruptcy judge approves sale of Ebony, Jet
(DBN)

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Hotels:

Hager Files for Bankruptcy on Two Brooklyn Properties to Avoid Foreclosure
(DBN)

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Sovereigns:

Default Story Far From Over for Virus-Hit Emerging Economies
(DBN)

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UK:

Britain finds itself isolated and uncertain ahead of Brexit
(DBN)

‘Crucial moment’: UK and EU may be on the verge of signing a Brexit trade deal
(DBN)

EU recommends member states lift blanket ban on travel from U.K.
(DBN)

Barnier Tells EU Envoys a Brexit Deal Could Be Done by Christmas Brexit talks still stuck on fish, could go into next year, EU diplomats say
(DBN)

U.K. Eyes Covid Programs to Support Business in No-Deal Brexit
(DBN)

Brits describe life under lockdown as new Covid strain shatters holiday plans
(DBN)

Travel bans leave thousands of trucks stranded amid spread of mutated U.K. coronavirus 'Disgraceful': Lorry drivers stuck at Dover tell of lack of facilities
(DBN)

EU Calls on Member States to Reopen Freight Links With U.K.
(DBN)

France Tells EU Envoys U.K. Travel Links Will Reopen by Midnight
(DBN)

Lufthansa Will Airlift Food to Britain, Skirting Port Logjam
(DBN)

U.K. Deficit Hits $323 Billion With Economy Facing Recession
(DBN)

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EU:

IMF Warns Euro-Area Recovery May Slow, Stimulus Still Needed
(DBN)

For Europe, it’s wave after wave.
(DBN)

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PIIGS:

Ireland orders holiday clampdown to curb coronavirus
(DBN)

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Australia:

Emerging from COVID-19: Key insolvency reforms to commence in 2021 for small businesses
(DBN)

After 13 air crew broke quarantine, Sydney health officials will now police-monitor working flight attendants
(DBN)

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Belgium:

Blokker parent Mega World is bankrupt: 650 jobs at risk
(DBN)

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Taiwan:

Taiwan snaps world's longest coronavirus-free streak after pilot infects resident
(DBN)

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Mexico:

More Americans are traveling to Mexico's Riviera Maya than ever before. The parties have led to more coronavirus cases.
(DBN)

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France:

Anti-vaxxers Could Face Public Transport Ban In France
(DBN)

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MENA:

UAE Economy Seen Contracting More Than Estimated This Year
(DBN)

UAE’s revised bankruptcy law ‘supports SMEs’
(DBN)

Israel's government collapses, with yet another election due in March
(DBN)

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Thailand:

Bangkok’s vibrant nightlife torn between normalcy, bankruptcy
(DBN)

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Sweden:

Swedish Confidence Drops as Economy Grapples With Virus Surge
(DBN)

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