December 30, 2020

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Busts Out Special Bonuses — But They’re (Mostly) Below Market Rate
(DBN)

Associate Layoffs, A New Court, And Racial Unrest: 2020 In Review
(DBN)

Calif. Bar Clears Thousands of Exam Takers Flagged for Cheating
(DBN)

Judicial Dry Cleaning to Lawyer Reviews: 2020 Ethics Headlines
(DBN)

Colleagues Search For Meaning Following Christmas Day Murder-Suicide Of Attorney
(DBN)

Nashville man’s girlfriend warned he was building bombs Police Were Warned About Nashville Bomber
(DBN)

Rudy Giuliani's 'star' Michigan witness Melissa Carone has been slammed with a scathing cease-and-desist letter from Dominion Voting Systems
(DBN)

Trump allies pardoned by president could be legally forced to testify against him, predicts Cohen
(DBN)

Michael Cohen Predicts Trump’s Pardons ‘May Ultimately Be His Downfall’
(DBN)

Pardon: Man in $1.3Bn Fraud Medicare Case
(DBN)

Biden Gets Unlikely Advice on Pardons: Copy Trump, Sideline DOJ
(DBN)

President Trump May Have Violated Copyright Law to Congratulate Himself for Nobel Prize He Didn't Win
(DBN)

NY prosecutor hires forensic accounting firm as probe of Trump escalates
(DBN)

Judge Dismissed Hunter Biden Laptop Repairman's Lawsuit Against Twitter the Same Day It Was Filed
(DBN)

Still Stung After a Wisconsin Justice Said His Suit 'Smacks of Racism,' Trump Lawyer Eyes Supreme Court
(DBN)

Trump-Appointed U.S. Attorney in Pa. Who Issued Bizarre Statement on Pending Voter Fraud Probe Resigns
(DBN)

Trump Asks Supreme Court to Overturn Wisconsin Election
(DBN)

Divided Appeals Court Says Minority of House Oversight Committee Lawmakers Can Demand Information on Trump’s D.C. Hotel
(DBN)

On the covid-19 beat: Rule enforcers seek cooperation but come ready to fine scofflaws
(DBN)

Restaurant held in contempt for violating COVID restrictions, Washington judge says
(DBN)

Couple faces charges for allegedly assaulting employee over store’s mask policy
(DBN)

CA: Maskless Mob Storms Gourmet Grocery
(DBN)

Jim Jordan Is Getting Roasted After Claiming The Founding Fathers Would Have Opposed Pandemic Restrictions
(DBN)

She didn't know her kidnapper. But he was using Google Maps — and that cracked the case.
(DBN)

'Dark period': Killings spike in NYC amid pandemic, unrest
(DBN)

Black real estate photographer files complaint after he is questioned by officers when White Virginia residents complain
(DBN)

Black man in New Jersey misidentified by facial recognition tech and falsely jailed, lawsuit claims
(DBN)

Louisville police move to fire officers in Breonna Taylor case who got warrant, fired fatal shot
(DBN)

No federal charges for officers in 2014 fatal shooting of Tamir Rice, DOJ says
(DBN)

'I'm open to suggestions': Democrat star Atlanta mayor Keisha Lance Bottoms admits she doesn't know how to stop alarming crime wave
(DBN)

Court: Parents of child who killed himself can sue educators
(DBN)

______________

Judges:

Richmond, Va., judge recuses himself from case involving state senator who has power over reappointing him to the bench
(DBN)

Federal judge in Iowa ridicules Trump's pardons
(DBN)

Federal Judge Calls Trump a 'Criminal' During a Phone Call with the Associated Press Federal judge: No surprise 'criminal like Trump pardons other criminals'
(DBN)

Supreme Court Clerk Hiring Watch: The Complete Clerk Roster For October Term 2020
(DBN)

Judge Considers Sanctions Against Lawyer Who Asked for Recusal
(DBN)

SCOTUS Docket: Guns, Abortion, Race, Religion
(DBN)

______________

Wall Street:

Stock futures rise as market tries to reclaim highs in final days of 2020
(DBN)

______________

Layoffs:

Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August
(DBN)

Renault Set to Make Big Cuts
(DBN)

______________

Healthcare:

Court Upholds Trump Health Price Disclosure
(DBN)

Covid-19 'not necessarily the big one,' WHO warns
(DBN)

Why We Weren't Prepared For A Pandemic
(DBN)

First U.S. Case of Contagious U.K. COVID Mutation Reported in Colorado Take the new coronavirus mutation ‘very seriously,’ says Dr. Anthony Fauci
(DBN)

When ‘the American Way’ Met the Coronavirus
(DBN)

Biden: Trump administration falling "far behind" on vaccine distribution Biden criticizes pace of vaccine rollout, vows to accelerate
(DBN)

U.S. needs to vaccinate 3 million people per day to hit Covid vaccination goal
(DBN)

Adequately vaccinating Americans will take 10 years at current pace
(DBN)

Florida county has elderly residents camp out overnight to get Covid-19 vaccine
(DBN)

A Los Angeles hospital is so overwhelmed with COVID-19 cases it's been forced to treat some patients in the gift shop
(DBN)

California Coronavirus Update: Stay-At-Home Order Extended Until Mid-January; L.A. Hospitals At Breaking Point, State Bracing For Post-Holiday Surge
(DBN)

Some Hospitals in LA Stopped Accepting Ambulances Over Weekend
(DBN)

Texas Logs 26,990 New Virus Cases, Shattering Previous Record
(DBN)

'We're repeating all the mistakes we made with PPE and testing'
(DBN)

Record Covid-19 hospitalizations in US could soon force health experts to ration care
(DBN)

'Toxic Individualism': Pandemic Politics Driving Health Care Workers From Small Towns
(DBN)

As Hospitals Roll Out COVID-19 Vaccines, Health Care Workers Describe Chaos And Anger
(DBN)

Biden to Fault Trump on Slow Vaccine Rollout, Pledge Faster Pace
(DBN)

Kamala Harris receives first dose of Moderna's COVID-19 vaccine
(DBN)

Fauci: Vaccine numbers below target set for end of December
(DBN)

UK approves AstraZeneca-Oxford virus vaccine as pandemic surges
(DBN)

Less than half of French want Covid vaccine: poll
(DBN)

Congressman-elect Luke Letlow dies from Covid complications days before being sworn in
(DBN)

Fauci warns of 'surge upon surge' as air travel hits highs amid holidays
(DBN)

The 4 major unknowns of how vaccines will affect the Covid-19 pandemic
(DBN)

Biden to address nation on pandemic
(DBN)

Massachusetts GOP leader says he likely got covid-19 at a White House Hanukkah party: 'I'm paying the price'
(DBN)

____________

Debt Collection:

Six Things Creditors Should Know About the New Federal Debt Collection Rule
(DBN)

____________

Economy:

Covid Vaccine Gives Small Businesses Enough Hope to Go Bankrupt
(DBN)

The Economic Impact of COVID-19, According to Business Leaders
(DBN)

Unemployment Benefits: Here’s What Changes With The New Stimulus Package
(DBN)

Gretchen Whitmer Removes $220M for Michigan Unemployment in New COVID Bill
(DBN)

Labor Department: Unemployment benefits won't lapse despite delay No lapse in unemployment benefits for gig workers, long-term unemployed, says Labor Dept.
(DBN)

Fed extends Main Street loan program as last-minute applications surge
(DBN)

Ten Ways Covid-19 Has Changed the World Economy Forever
(DBN)

The lost year: How Covid-19 left many Americans 'stuck in time'
(DBN)

With a Senate vote on $2,000 stimulus checks looming, Republicans face an agonizing choice between defying Trump and abandoning a tenet of conservatism Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto GOP Sens. Kelly Loeffler, David Perdue back $2,000 stimulus checks Loeffler, Perdue join growing number of Senate Republicans backing $2,000 stimulus checks Senate GOP Faces Stimulus Dilemma as Democrats Side With Trump Republican Senate on hot seat over COVID stimulus checks as Trump tweets: ‘Give the people $2000′ Mitch McConnell faces decision over vote to increase stimulus payments to $2,000 McConnell blocks Democrats' attempt to unanimously pass $2,000 stimulus checks U.S. Senate to address Trump's request on stimulus checks - McConnell Just Send the Bigger Checks Already Bernie Sanders Pulls a McConnell on Mitch McConnell to Secure $2,000 Stimulus Checks What Mitch McConnell Has Said About $2,000 Stimulus Checks for Americans McConnell to ‘Focus’ on Bigger Stimulus With Other Trump Demands Trump put Senate Republicans in a real jam. But McConnell might have a way out Here’s why Trump is linking stimulus, defense spending to a contentious tech protection
(DBN)

President Trump's Impact on the National Debt
(DBN)

Mnuchin says U.S. stimulus payments to begin arriving as early as Tuesday evening
(DBN)

The first millennials turn 40 on Jan. 1. That's old enough to sue for age discrimination.
(DBN)

Data shows 'bang for your buck' in different U.S. cities
(DBN)

Christmas Lull Takes Economic Activity Back to Covid Lows
(DBN)

Elon Musk, Mark Zuckerberg and Jeff Bezos fortunes grow by £600billion during pandemic
(DBN)

Return to Almost Normal May Be Closer Than You Think
(WSJ)

Trickle down? Never again. What new research proves about GOP's biggest tax myth
(DBN)

Covid-19 Vaccine Outlook Prompts Businesses to Dust Off Return-to-Office Plans
(WSJ)

Nashville blast brings damage and uncertainty to already struggling local businesses
(DBN)

Half of U.S. states will raise minimum wage in 2021—and more could be ahead
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Some of Isaac Kassirer’s Harlem buildings head to bankruptcy
(DBN)

Zillow Case-Shiller House Price Forecast: "Nothing Short of Remarkable", 9.5% YoY in November Case-Shiller: National House Price Index increased 8.4% year-over-year in October
(DBN)

After COVID-19, will malls survive or close?
(DBN)

U.S. 20-City Home Price Index Posts Biggest Gain Since 2014
(DBN)

New York Bans Most Evictions as Tenants Struggle to Pay Rent
(DBN)

Clare Oaks Senior Living in Bartlett emerges from bankruptcy
(DBN)

____________

Municipalities:

Companies Are Fleeing California. Blame Bad Government.
(DBN)

People leaving Hawaii permanently doubled in 2020
(DBN)

____________

Oil/Gas:

Wind Now Powers 50% of UK's Electricity
(DBN)

We’re seeing the worst oil demand collapse in modern history as a result of Covid: Energy analyst
(DBN)

____________

Education:

Covid is making it harder to get into a top college
(DBN)

____________

Tech:

Apple's longtime supplier accused of using forced labor in China
(DBN)

____________

Movie Theaters:

With Bankruptcy a Possibility, AMC Remains a Precarious Bet
(DBN)

____________

Retailing:

Sears is dying a quiet, invisible death
(DBN)

What 2020 Was Like for People in the Retail Industry
(DBN)

The Fight Over JCPenney’s Real Estate Foreshadows The Fate of Malls
(DBN)

30 retailers that struggled, shrunk or closed for good in 2020
(DBN)

2020 brought the actual, definitive, final end of department store dominance
(DBN)

More store closings in 2021? These are the most vulnerable major retailers of 2021 as pandemic continues
(DBN)

____________

Hotels:

A look back at global hotel performance in 2020
(DBN)

US hotel profitability worsened in November
(DBN)

Forecasting permanent closures during COVID-19
(DBN)

Die another day: Ashford gets $350M to survive pandemic
(DBN)

____________

Food/Beverage:

Waiting for mass vaccines, California cafe will 'have to hang on'
(DBN)

____________

Sports:

How the NBA's pandemic success created an 'unrealistic expectation' for sports leagues
(DBN)

Former Kentucky basketball player Walter McCarty files for Chapter 11 bankruptcy
(DBN)

____________

Awards:

Outstanding Young Restructuring Lawyers 2020
(DBN)

____________

Movies:

LA County Health Officials Ask Hollywood to ‘Strongly Consider Pausing’ Production Amid Covid-19 Spikes
(DBN)

2020 had a chance to break box office records, but sales wound up down 80%
(DBN)

____________

Mass Torts:

Mormon church sued for alleged role in Boy Scouts sex abuse
(DBN)

____________

Coal:

Peabody Energy Reaches Deal With Creditors led by JPMorgan Chase
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (3 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:

2020 Bankruptcy Blotter
(DBN)

The Biggest Bankruptcies Of 2020
(DBN)

______________

Bankruptcy Reform:

New Pandemic Law Fails to Extend Subchapter V Eligibility Limit
(DBN)

New COVID-19 Relief Package Provides Additional Pandemic Bankruptcy Protections
(DBN)

The Consolidated Appropriations Act of 2021 Amendments to the Bankruptcy Code as it Pertains to Business Debtors
(DBN)

____________

Interest:

Tenth Circuit BAP Decision Authorizes Claim for Postpetition Interest Under 506(b): Read the Fine Print!
(DBN)

____________

Finance:

SBA Change of Control Guidance Does Not Work for Insolvent PPP Borrowers
(DBN)

Small mom-and-pop businesses that took PPP loans may face a surprise tax bomb
(DBN)

____________

Avoidance:

Debtor’s Transfers From Non-Debtor Limited Partnership Set Aside In Cole
(DBN)

____________

Tax:

In the Matter of James and Simona Quezada v. Internal Revenue Service – The Fifth Circuit and the Discharge of Taxes in Bankruptcy
(DBN)

____________

Insurance:

Rare Small-Business Win in Insurer Lawsuits Keeps Hope Alive for Payouts
(WSJ)

____________

Aviation:

First U.S. commercial Boeing 737 Max flight in nearly 2 years takes off
(DBN)

COVID-19 Vaccine Passport? You Might Need It To Travel In 2021
(DBN)

American Airlines expects capacity cuts through February as Covid cases rise
(DBN)

Delta canceled over 300 flights just before Christmas after Thanksgiving travel saw a similar number of issues, revealing a troubling trend for the airline
(DBN)

Bankruptcy procedure against VIM Airlines extended for another six months
(DBN)

Tata grabs bigger slice of AirAsia and India's airline industry
(DBN)

Aeromexico concludes two union negotiations in bankruptcy proceedings
(DBN)

____________

Politics:

Trump lashes out at 'weak and tired' Republican congressional leadership
(DBN)

Donald Trump Attacks Brad Raffensperger's Brother—He Doesn't Have One
(DBN)

Pence Refused to Sign on to Overturning Election Plan
(DBN)

How Congress and coronavirus could quash Trump's Electoral College gambit
(DBN)

Vote Signature Audit Finds No Fraud
(DBN)

U.S. Congress inches closer to Trump veto override as Republican tensions grow
(DBN)

Trump lashes out at Republicans after they override his veto
(DBN)

Day on golf course helped change Trump's mind on stimulus bill
(DBN)

Trump ‘hates Melania’s Mar-a-Lago renovations and orders new décor to be ripped up’
(DBN)

Trump Traveling with Melania Double?
(DBN)

Michael Flynn Is Now Selling QAnon Merch
(DBN)

CT 'Proud Boys' say they ran coat drive; shelters say no thanks
(DBN)

California GOP congressman blasts Gavin Newsom in the most ironic way possible
(DBN)

Georgia breaks runoff turnout record for Senate races
(DBN)

Trump wins title of Americans’ most admired man in annual survey
(DBN)

____________

UK:

U.K. Army to Help Covid Testing as Johnson Faces School Pressure
(DBN)

Brexit Deal Offers Scant Solace to City of London Under Threat
(DBN)

The Key Issues Weighing on the City of London After Brexit Deal
(DBN)

Brexit Deal May Be Too Little, Too Late for U.K.’s Car Industry
(DBN)

The Complex Post-Brexit Path of Pecorino to London Restaurants
(DBN)

____________

Canada:

Reeling from $8M in debt, River City Sports files for bankruptcy protection
(DBN)

____________

MENA:

UAE Reports 1,506 Coronavirus Cases, Most Since Late October
(DBN)

____________

China:

China state assets regulator sees progress in crackdown on 'zombie' firms
(DBN)

Wuhan's COVID cases may have been 10 times higher than reported: Study
(DBN)

Chinese Retailers See Rise in Loan Rejections, Beige Book Says
(DBN)

China clamps down in hidden hunt for coronavirus origins
(DBN)

China revises 2019 GDP lower with a $77 billion cut to manufacturing
(DBN)

____________

Singapore:

Singapore’s Fallen Hyflux Now Has Just S$21.5 Million in Cash
(DBN)


____________

Australia:

Covid-19 Cluster in Sydney’s Northern Beaches Grows to 129 Cases
(DBN)

____________

India:

Financial Creditors To Face A New Hurdle While Initiating Insolvency
(DBN)

Given uncertainty induced by Covid-19 and its real economic impact, asset quality set to worsen sharply: RBI
(DBN)

____________

Thailand:

Virus-Hit Thailand Tightens Curbs to Stem New Wave of Infections
(DBN)

___________


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