February 25, 2020

The Daily Bankruptcy News

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Law:

Five Ways to Become a Recession-Proof Associate
(DBN)

Bar Exam List Of Shame
(DBN)

Chevron replaces BakerHostetler partner accused of ‘shaking his behind’ in front of opposing lawyer
(DBN)

Pro Se Filing Of The Day: ‘Motion To Put My Foot In Your A--’
(DBN)

Poetic C&D Response Tells Biglaw To Get Lost In Verse
(DBN)

Blank Rome Welcomes New Bankruptcy and Restructuring Associate in Houston
(DBN)

Over a third of lawyers are sleep deprived, research finds
(DBN)

Harvey Weinstein has been found guilty of rape and criminal sexual act in the #MeToo era's highest-stakes case yet Harvey Weinstein Stunned by Verdict: ‘I’m Innocent. How Could This Happen in America?’ Harvey Weinstein's conviction allowed victims to have messy stories. That's revolutionary. Weinstein Plans Appeal as Verdict Opens Door to Women Former Harvey Weinstein Lawyer: Defense Botched Jury Selection, Had 'Deplorable' Media Handling ‘A monumental setback’: Andrew Napolitano says rape verdict is ‘significant victory’ for Harvey Weinstein Harvey Weinstein Found Guilty Of Rape, But Acquitted Of Most Sexual Assault Charges Harvey Weinstein will be in jail until his sentencing next month after a jury found him guilty of rape and sexual assault Here are all the celebrities who knew about his treatment of women, according to Ronan Farrow's book Harvey Weinstein is accused of 'grooming' his victims to sexually abuse them. Here's what that means Celebrities are reacting to Harvey Weinstein's guilty verdict as his accusers thank the 'brave women' who testified against him Los Angeles DA ‘Definitely Proceeding’ with Second Criminal Case Against Harvey Weinstein Bill Cosby's Publicist: Judge Clearly Wanted Harvey Weinstein Convicted #MeToo leaders react to Harvey Weinstein's rape conviction
(DBN)

Placido Domingo Sorry for Sexual Harassment
(DBN)

Why did a Georgia city prohibit tattoos on Sundays?
(DBN)

A Lot More Financial Disclosures Required to Apply for U.S. Green Cards
(DBN)

As Trump Barricades the Border, Legal Immigration Is Beginning to Plunge
(DBN)

Laredo Comes Face to Face with Reality of Trump's Wall
(DBN)

Border Patrol Union's Funds Embezzled
(DBN)

Jussie Smollett Pleads Not Guilty in Revived Criminal Case Over Alleged Hoax
(DBN)

Man Accused of Threatening Whistleblower's Lawyer After Trump Rally Melted Down During Interview: FBI
(DBN)

Poll: Most Support Equal Rights Amendment
(DBN)

9th Circuit Upholds Trump Abortion Gag Order
(DBN)

Supreme Court will take up dispute between religious rights and anti-discrimination laws
(DBN)

Supreme Court to consider case of Catholic foster-care agency that won’t place children with LGBT couples
(DBN)

Cop who left incoherent man at county border isn’t liable for death, 5th Circuit says in substitute opinion
(DBN)

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Judges:

U.S. Bankruptcy Judgeship Vacancy Middle District of Pennsylvania (Wilkes-Barre)
(DBN)

BK NV: Bankruptcy Bugle Newsletter (February 2020)
(DBN)

Press Has First Amendment Right to See New Court Complaints on Day of Filing
(DBN)

Louisiana judge admits to exchanging racist texts with cop boyfriend about courtroom employees
(DBN)

Judge retires after he is accused of appointing his son to more than 200 indigent cases
(DBN)

Sonia Sotomayor Has The Guts To Say What Everyone Knows Is True
(DBN)

Trump says RBG and Sotomayor should recuse themselves from his cases
(DBN)

Judge Jackson Denies Recusal Motion, Refrains From Beating Roger Stone With Gavel
(DBN)

Law Students Urge Stronger Steps to Curb Harassment in Judiciary
(DBN)

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Wall Street:

Dow futures bounce as market attempts to recover from worst drop in 2 years
(DBN)

Caution Reigns in European Equities After Virus-Spurred Rout
(DBN)

Dow plunges 1,000 points, gives up gain for the year Coronavirus plunge wipes more than $250 billion from Big Tech stocks The Dow is heading for its second-worst point drop in history
(DBN)

How the stock market rebounded from previous disease outbreaks
(DBN)

Blackstone’s Byron Wien says Monday’s sell-off is not the start of a bear market
(DBN)

Virus Fears Propel VIX to Biggest Daily Surge Since Volmageddon
(DBN)

Plunging markets heighten political risk for Trump
(DBN)

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Layoffs:

Expedia cutting 3,000 jobs following ‘disappointing’ year Expedia Will Cut 3,000 Jobs to Simplify ‘Bloated’ Business
(DBN)

GE Fired 78,000 Workers in 2019
(DBN)

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Personal Finance:

3 habits that helped me become a millionaire at age 28
(DBN)

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Private Equity:

Private equity returns fell behind stocks over the past decade
(DBN)

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Bankruptcy Crimes:

Tiburon Developer Gets 1 Year, 1 Day In Prison For Bankruptcy Fraud
(DBN)

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Religion:

Catholic diocese mulls options, including bankruptcy, amid clergy abuse lawsuits
(DBN)

Decision on Buffalo Diocese bankruptcy 'will be soon,' bishop tells priests
(DBN)

Buffalo’s Catholic priests meet with Bishop Scharfenberger as bankruptcy decision looms
(DBN)

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Retailing:

Retail Bankruptcies Fuel The Overstored Debate
(DBN)

BofA, Pathlight Complete $256MM DIP for Pier One
(DBN)

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Aviation:

Coronavirus threatens to push Asian airlines into bankruptcy
(DBN)

Boeing CEO Faces Long To-Do List to Collect $7 Million Bonus
(DBN)

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Student Debt:

The Must-Read Rules Of Student Loan Refinancing
(DBN)

Startup Urges Bankruptcy Filers to Seek Student Debt Discharge
(DBN)

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Steel:

There’s a Record Stash of Steel in China as Virus Slams Demand
(DBN)

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Tech:

As the startup boom deflates, a reckoning is coming for Silicon Valley
(DBN)

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Radio:

To Reduce Debt, Cumulus Considers Selling 250 Tower Sites.
(DBN)

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Agribusiness:

Jury gets case of bankrupt grain firm
(DBN)

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Climate:

Pentagon Readies for Climate Change Duties
(DBN)

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Newspapers:

McClatchy may be in for bumpy bankruptcy as claim holders disagree: analysts
(DBN)

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Economy:

Traders triple their expectations of further interest-rate cuts as coronavirus fears snowball
(DBN)

Spread of coronavirus lifts odds for Fed rate cut, as inaction would be ‘tone-deaf’
(DBN)

Finance Professionals Split on Potential Economic Recession, TD Bank Survey
(DBN)

US Services, Manufacturing Down in February
(DBN)

This chart is the best explanation of middle-class finances you will ever see
(DBN)

Company Profit Warnings Signal Virus Is Already a Global Crisis
(DBN)

Treasury yields fall as coronavirus concerns persist
(DBN)

Biggest U.S. Port Sees Drag From Coronavirus Though Most of 2020
(DBN)

Central Banks Seek an Edge in a Game They Can’t Win
(DBN)

Mineral Supply Risk for US Manufacturing
(DBN)

Here’s the segment of the economy that may benefit from fears of coronavirus, analysts say
(DBN)

The coronavirus is hurting stocks, but here’s what could be the real problem
(DBN)

Coronavirus is speeding up the decoupling of global economies
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Continues"
(DBN)

Goldman cuts US first-quarter GDP forecast to just over 1% on the coronavirus
(DBN)

"Chicago Fed National Activity Index Points to an Uptick in Economic Growth in January"
(DBN)

Average FICO score hits record high—here’s the average credit score in every state
(DBN)

5 charts reveal the US cities where groceries, gas, and everyday expenses eat up your paycheck — like San Francisco or Washington, DC
(DBN)

What Trump got right about white America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy Court (EDPA) Holds Servicer May Have FDCPA Liability for Proofs of Claim
(DBN)

"Single-Satisfaction Rule" Does Not Preclude Bankruptcy Trustee's Recovery of Mortgage Loan Proceeds After Avoidance of Mortgage Lien
(DBN)

House Prices and Inventory
(DBN)

The rate rout is heating up, and that could be good news for homebuilders
(DBN)

Spring sale sought for bankrupt affordable housing portfolio in Chicago
(DBN)

Coronavirus fears could push mortgage rates past 4-year low
(DBN)

Houston: Bankruptcy judge approves $25 million claim against Hines affiliate
(DBN)

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Municipalities:

Justices throw out seizure of church assets in Puerto Rico The Opinion
(DBN)

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Oil/Gas:

Oil falls more than 5% at low, sliding into bear market territory as coronavirus sparks demand fears
(DBN)

Oil Tanks On Fears Of Global Economic Crisis
(DBN)

Why is an E&P Recovery Slow to Materialize?
(DBN)

BP’s Bold Climate Plan Doesn’t Add Up to Net Zero
(DBN)

U.A.E. Plans for 44% of Energy Supply to Come From Renewables
(DBN)

OPEC hasn’t run out of ideas, Saudi energy minister insists as oil prices slump
(DBN)

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Healthcare:

Troubled St. Louis hospital has new operator: 'We need to investigate'
(DBN)

Goldman Sachs slashes its first-quarter GDP forecast amid latest coronavirus chaos If the coronavirus isn’t contained, a severe global recession is almost certain A Global Pandemic Could Cost $1 Trillion Lawsuit: Trump Admin Using Coronavirus as Political Weapon to Punish California and 'Reward' Red States California City Gets 7-Day Reprieve in Coronavirus Standoff Trump Officials to Defend Coronavirus Plans Before Congress Trump Administration Asks for $2.5 Billion to Battle Coronavirus Trump asserts coronavirus 'under control' as stocks plunge WHO Still Isn't Calling Virus a Pandemic Coronavirus "infodemic" threatens world's health institutions China Cities Curb Travel From Other Countries in Virus Turnabout Coronavirus shakes the global economy Coronavirus update: 79,407 cases, 2,622 deaths CDC issues travel warning as South Korea coronavirus cases near 1,000 Where The Coronavirus Has Been Confirmed Virus Risk No Longer Just a Blip on the Horizon  The coronavirus has pandemic 'potential' as it spreads in South Korea, Italy, and Iran, according to WHO North Korea has yet to officially report any coronavirus cases. But it just quarantined 380 foreigners A cautionary tale: A Miami man doesn't have coronavirus but now owes thousands of dollars for being tested Photos show what Italy is like under lockdown as the country became Europe's epicenter of the coronavirus with more than 200 cases reported in 3 days Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus Indonesia Unveils $742 Million Stimulus to Counter Virus Impact Vietnam is set to lose billions of dollars due to coronavirus, and it's already feeling the impact of the deadly outbreak Thousands of people queue to buy face masks in astonishing drone footage Hong Kong Leader’s Approval Rating Plunges to New Low Amid Virus Singapore Eases Hiring Rules for Chinese Workers in More Sectors Coronavirus Will Hammer Iran’s Economy U.A.E. Halts Flights to Iran, Except Tehran, as Virus Cases Rise Coronavirus stress tests drug industry's dependence on China How the 'failed' quarantine of the Diamond Princess cruise ship started with 10 coronavirus cases and ended with more than 690 ‘Mission: Impossible’ Filming Halted in Italy Due to Coronavirus Coronavirus Dims the Spotlight on Fashion Industry’s Big Month Mastercard shares drop after company warns coronavirus may hit 2020 revenue The global scramble to contain the coronavirus Chinese official clubs two poodles to death with iron rod over coronavirus fears You Are Going to Get Coronavirus Scientist: Coronavirus to Hit 70% of Humans
(DBN)

New “Surprise Medical Bills” Proposal Aims to Put Patients First
(DBN)

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Cannabis:

Trump administration doubles down on anti-marijuana position
(DBN)

Global Biglaw Firm To Launch Worldwide Cannabis Law Practice
(DBN)

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Guns:

Alpha Guardian Files In BK NV - Petition
(DBN)

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Utilities:

Judge Won’t Let PG&E Investors File One Massive Securities Fraud Claim
(DBN)

Santa Rosa poised to sue PG&E for the Kincade fire
(DBN)

Utility fires contractor after probe involving wildfires
(DBN)

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Fraud:

Blagojevich, Madoff Cases Show Power of White Collar Lobby
(DBN)

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Food/Beverage:

Cosi, Inc. Files for Chapter 11 More consumers ordering food to go, challenging fast casual brands like Cosi Cosi Files for Bankruptcy Amid Changing Consumer Dining Habits First Day Dec
(DBN)

Judge Approves Sale of Bankrupt Restaurant Chain
(DBN)

US Trustee Says Bar Louie's Ch. 11 Sale Plan Chills Bidding
(DBN)

Trudy's Tex Mex gets $300K loan to pay back employees after filing for bankruptcy
(DBN) Trudy’s Tex-Mex restaurant boosted in bankruptcy court by loan from El Arroyo owner
(DBN)

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Autos:

The automotive market was in a lull, then came 2020
(DBN)

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Travel:

Woman drunkenly threatened to 'stab everyone' on flight to Washington, falsely claimed family tragedy, prosecutors say
(DBN)

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Fintech:

CFPB Settles Long-Running Suit Against Now-Bankrupt Fintech Lender
(DBN)

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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 (35 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

No increase in Va. farm bankruptcy rates in spite of a 20% nationwide increase
(DBN)

Bureau: Farmers crippled by debt
(DBN)

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Plan Confirmation:

Gerrymandering votes in bankruptcy? The classification of an undersecured claim
(DBN)

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Cross-Border:

Why Chinese Companies File Chapter 15 Cases in US Bankruptcy Courts
(DBN)

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Bankruptcy Reform:

Revisions to Bankruptcy Code Spell Good News for Creditors
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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UCC:

Lender Beware: Two Recent Bankruptcy Cases Highlight Importance of Diligence in UCC-1 Filings
(DBN)

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Pharma:

Mallinckrodt Considers Bankruptcy Over Opioid Lawsuits Mallinckrodt Plans To File Bankruptcy For Its U.S. Generics Unit
(DBN)

Purdue starts ads for claims
(DBN)

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Politics:

Trump kicked off his India visit with roaring crowds, a stop at Gandhi's home, and a massive rally
(DBN)

Sanders-Warren ticket beating Trump-Pence, 48%-45%
(DBN)

Bernie's historic Jewish fight
(DBN)

Bernie Sanders unveils $1.5 trillion universal child care and pre-K plan
(DBN)

Sanders' praise for communists roils race
(DBN)

Democrats fear backlash from criticizing Sanders and defeat if they don't
(DBN)

President Trump Job Approval: 45.7% Approve - 51.2% Disapprove
(DBN)

Maureen Dowd: For the White House parasite, all restraint has gone
(DBN)

Bernie Sanders said 'it's unfair to simply say everything is bad' about Fidel Castro's Cuba Former Democratic candidate Marianne Williamson endorsed Bernie Sanders for president Bernie Sanders' disastrous answer on '60 Minutes' The 1 thing that might slow down Bernie Sanders is a very, very long shot The evidence doesn't back Democrats' panic that Bernie can't win
(DBN)

Mike Bloomberg prepares media onslaught against front-runner Bernie Sanders Bloomberg’s $400 million bet looks headed for a Super Tuesday flop Warren Buffett says he'd 'certainly' vote for Mike Bloomberg, but will have to 'see what happens' with Bernie Sanders Mike Bloomberg Mocked Opioid Crisis Victims for Dying: ‘Not a Good Family’
(DBN)

Trump and his administration allies keep lists of 'disloyal' officials to push them out, according to report
(DBN)

Democrats demand new Russia sanctions over 2020 election interference
(DBN)

FBI: Russia Wants to Tear Ourselves Apart
(DBN)

These swing voters don't like Trump’s environmental rollbacks
(DBN)

Trump Scrapped Treasury Nominee After Memo Criticized Her for Not Indicting McCabe: Report
(DBN)

Trump Allies’ Battle Over Senate Seat Prompts Republican Jitters
(DBN)

HR McMaster's Book Could Cause Headaches
(DBN)

Ex-White House Doc: We Hid Veggies in Trump’s Mashed Potatoes
(DBN)

Bipartisan Forever Wars
(DBN)

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Mass Torts:

Boy Scouts’ bankruptcy could result in compensation for more abuse survivors
(DBN)

Retracing the Boy Scouts' Path to Bankruptcy
(DBN)

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UK:

Government’s Insolvency Service pays out highest amount for seven years
(DBN)

Trump accuses Boris Johnson of 'betrayal'
(DBN)

New review launched into claims against RBS
(DBN)

U.K. FCA Accidentally Puts ‘Confidential’ Information on Website
(DBN)

U.K. Life Expectancy Stalls For First Time Since the 1800s
(DBN)

Post Brexit Britain Looks to be Expensive
(DBN)

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EU:

Coronavirus Puts Europe’s Corporate Bond Market Into Deep Freeze
(DBN)

Belgian city says anti-Semitic parade 'just fun'
(DBN)

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PIIGS:

Over $12m from sale of Walford handed over in Sean Dunne bankruptcy case
(DBN)

Italy’s coronavirus lockdown shows how the outbreak is testing democracies
(DBN)

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Canada:

Alberta court allows Securities Commission penalty to survive bankruptcy
(DBN)

Court Concludes that Securities Commission Administrative Penalty is Not Discharged Through Bankruptcy
(DBN)

Canada Oil Sands Plan Collapses
(DBN)

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MENA:

In Lebanon, default is ‘virtually certain’ after stark credit downgrades
(DBN)

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Switzerland:

Two Swiss Too-Big-to-Fail Banks Fail Emergency Planning Test
(DBN)

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South Africa:

Eskom Faces Closure Threat at Biggest Operational Power Plant
(DBN)

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Hong Kong:

Hong Kong Exports Slid Most in Decade in January Ahead of Virus
(DBN)

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Germany:

German Firms Cut Investment for Third Quarter
(DBN)

Germany Fears That the Center Will Not Hold
(DBN)

A Private Bank That Survived the Nazis May Be Broken by German Tax Scandal
(DBN)

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India:

Debt-ridden Air India to raise Rs 700-crore short term loan: Here's why
(DBN)

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