March 25, 2020

The Daily Bankruptcy News

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Law:

Law Firms Conduct Layoffs, Slash Salaries In Response To Pandemic
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Dallas Firms Adjusting to Stringent 'Stay Home Stay Safe' Order
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15 restructuring lawyers explain how sectors like retail and energy are dealing with a 'sudden collapse' of revenue - and why they're gearing up for coronavirus fallout that could last years
(DBN)

Law firms were already ramping up for bankruptcy work. Then the coronavirus hit.
(DBN)

With Law Students Jittery, Profs Try to Engage Them Online
(DBN)

How Will We Get New Lawyers If COVID-19 Cancels The Bar Exam?
(DBN)

Changing The Law School Admissions Game: The GRE Is Now Available To Take At Home
(DBN)

How to Determine What Is 'Essential Business' as More States Order Shutdowns
(DBN)

What Businesses Need to Do Now to Cope With the COVID-19 Downturn
(DBN)

Chief innovation officer talks firm’s changing culture amid COVID-19 and best tips for working remotely
(DBN)

3M Legal Chief Keeps 5 Things in Mind Amid Coronavirus Crisis
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Top Law Schools Say Firms Are Pushing to Delay Summer Associate Hiring On-campus interviews in January? Top law schools consider delays amid law firm pressure Elite Law School Postpones On-Campus Interviews Because Of Coronavirus
(DBN)

Biglaw Firms Will Still Hire Law Students With Pass/Fail COVID-19 Grades
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Caught in Limbo: Third-Year Law Students Share Their Stories
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Advice to Law Students in the Time of Covid-19: Your Path to Big Law
(DBN)

NACBA Issues Joint Statement- re: Bankruptcy relief required to address economic crisis caused by COVID-19 Virus
(DBN)

2 NY Law Firms Cut Staff, Salaries Amid Coronavirus Crisis
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Merger Means A Dip In Revenue For One (Bigger) Biglaw Firm
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Compassion And Courage Amid Coronavirus: Lawyers Speak Out
(DBN)

All California trials delayed; L.A. County courts close to the public
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Federal Judge Cites Case of CNN's Jim Acosta When Ruling Against Trump in Free Press Lawsuit
(DBN)

National Guard troops are deploying to help with coronavirus. Here’s what they’re doing.
(DBN)

Ohio Isn’t Messing Around, Advises Public to Call Cops on Businesses Violating Pandemic Rules
(DBN)

LA County Sheriff orders gun stores to close; adds 1,300 deputies to patrol
(DBN)

Why the prison population is so vulnerable to COVID-19
(DBN)

Former Trump Fixer Michael Cohen Denied Coronavirus Prison Break
(DBN)

New York City to release 300 nonviolent inmates from Rikers Island
(DBN)

Man faces terror charges after coughing on grocery store worker
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As couples self-isolate due to coronavirus, lawyers expect a rise in divorces
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Texas and Ohio AGs say abortions are nonessential medical procedures that must be delayed
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Judges:

BK SD TX: Court Changes Procedures As Shelter In Place Is Ordered
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2 SCOTUS justices agree to amend financial disclosures after Fix the Court asks questions
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Judges must consider defendants’ ability to pay fines and fees, ethics opinion says
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Florida Bond Court REALLY Isn’t Practicing Social Distancing
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Wall Street:

Stock futures rally after White House, Senate reach deal on coronavirus stimulus bill
(DBN)

Charts suggest don’t be ‘too exuberant’ after Tuesday’s bounce, Jim Cramer says
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Value investor Bill Nygren: Stocks are cheap if you think economy will recover
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Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal
(DBN)

Boeing and other Dow stocks look attractive but ‘that’s really the problem,’ warns trader
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Every Day Is Like Two Months for Stocks With Unrelenting Swings
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Barclays made $250 million in one day of trading last week - and it shows how banks are raking in money on market volatility even as the economy begins to shut down
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All the Signs the Huge Liquidation Stress in Markets Is Easing
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JPMorgan’s market guru says shutdowns working, stocks will rebound
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Layoffs:

Millions Of Retail Jobs Are ‘In Peril’ Without Immediate Government Relief
(DBN)

General Counsel Need to Consider WARN Act for COVID-19 Layoffs
(DBN)

Hyatt to Furlough U.S. Corporate Employees With Hotels Shuttered
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Billionaire Fertitta Furloughs 40,000 Workers at Casino, Restaurant Empire
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Coronavirus Layoffs: Trump National Doral Latest To Dismiss Workers Amid Pandemic
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Covid-19 Forces Employers to Weigh Layoffs Versus Furloughs
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Fitness:

Almost Overnight, the $100 Billion Fitness Industry Goes Virtual
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Aviation:

Airlines beg for rescue as coronavirus hit soars to $250 billion
(DBN)

Private-Jet Operators Fly High, Before Requesting Bailout
(DBN)

US airlines seek to delay day of reckoning with $50bn bailout Emergency capital injection may not last long as carriers burn through millions of dollars a day

Boeing CEO says it will take ‘a few years’ to restore its balance sheet
(DBN)

Boeing plans to restart 737 Max production by May, sources say
(DBN)

Spirit Airlines: Bailout Call Option
(DBN)

Delta Air Loses Investment Grade From S&P on Travel Drop
(DBN)

Lawmakers near deal for $25 billion in cash virus aid for airlines, a win for carriers
(DBN)

U.K. Government Rules Out Broad Bailout for Aviation Sector Britain to stricken airlines: try raising your own money first
(DBN)

Qantas secures A$1bn in funds despite credit crunch
(DBN)

More Indian airlines could be facing collapse as travel curbs worsen headwinds
(DBN)

Covid-19 And the Thai Aviation Sector
(DBN)

Malaysia Explores Debt Measures, M&A to Bail Out Airlines
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Sports:

Tokyo Olympics postponed, will be held 'by the summer of 2021': Japanese PM Delaying the Olympics may hurt Japan. But coronavirus risks could be far greater
(DBN)

Delayed Olympics risks turning into colossal advertising bust
(DBN)

NHL asks employees to take pay cut during COVID-19 play stoppage
(DBN)

76ers, Devils cut salaries, move employees to 4-day week due to coronavirus Ownership of New Jersey Devils, Philadelphia 76ers changes course, will not cut employee pay
(DBN)

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Crypto:

Mt. Gox Creditors to Meet Tomorrow As Reimbursement Process Inches Forward Mt. Gox Trustee May Sell Off Some Crypto Assets, Says Draft Repayment Plan
(DBN)

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Aerospace:

SpaceX sends some workers home after positive COVID-19 tests
(DBN)

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Maritime:

Bankruptcy court confirms ACL's recapitalization plan
(DBN)

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Politics:

Virus briefings are the new campaign rallies for Trump
(DBN)

FactCheck: The coronavirus "snuck up on us,” adding that it is “a very unforeseen thing.”
(DBN)

Now Trump's Allies Don't Agree with Him
(DBN)

Trump just gave a disastrous coronavirus town hall full of misinformation that could kill thousands of people
(DBN)

Trump, New York's Cuomo clash over federal response to virus
(DBN)

Trump retweets Fauci meme that appears to be making fun of him
(DBN)

Trump is holding his own in coronavirus polling
(DBN)

Conservative opposition grows as stay-at-home orders are enacted in Texas
(DBN)

Texas Lt. Gov. Dan Patrick suggests he, other seniors willing to die to get economy going again
(DBN)

Trump is ignoring his top health advisers over 2020 election fears
(DBN)

How polarization shaped Americans’ responses to coronavirus, in one chart
(DBN)

Biden Holds Sizable Edge Over Trump in Swing Counties
(DBN)

Biden’s business allies push Kamala Harris, Amy Klobuchar as potential VPs
(DBN)

The Biden campaign's false claim a top CDC official was 'silenced'
(DBN)

Trump Laces Into Biden, Misleads on China Travel in Town Hall
(DBN)

Biden Urges Trump to ‘Listen to the Scientists’ on Coronavirus
(DBN)

Burr Sued by Investor Over Stock Sales After Virus Briefing
(DBN)

Mitt Romney tests negative for coronavirus, but will remain quarantined for 14-day period
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Pharma:

Fears of US drug shortages grow as India locks down to curb the coronavirus
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Personal Finance:

Here’s our most up-to-date list of credit card financial assistance programs during coronavirus
(DBN)

How to make group FaceTime calls with up to 32 people while social distancing due to coronavirus
(DBN)

You don't need a Google account to join a Google Hangout, as long as you have a G Suite invitation — here's what you need to know
(DBN)

Coronavirus Is Bringing Communities, Couples Closer Together
(DBN)

How singles are meeting up on dating apps during coronavirus pandemic
(DBN)

Selfless acts: How Americans are helping each other through the coronavirus
(DBN)

How to keep your cool with your kids when everyone is cooped up together
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Fraud:

Coronavirus fraudsters prey on fear and confusion with fake products, email scams
(DBN)

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Renewable Energy:

Lawmakers reject renewables aid in latest round of coronavirus relief
(DBN)

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Cruise Lines:

A day in the life of a passenger in lockdown aboard a Holland America cruise ship where 42 people have reported feeling 'influenza-like symptoms'
(DBN)

Carnival's CEO says cruise ships aren't riskier for getting sick; public health experts tell different story
(DBN)

Holland America Cruise Sailing for Florida Has 87 Flu-Like Cases
(DBN)

Carnival Cruise: Financial Health Analytics
(DBN)

Passengers: Don't Bailout the Cruise Industry
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Fashion:

Anna Wintour and Tom Ford Are Creating a Fashion Rescue Fund
(DBN)

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Television:

The Evening News Is Back
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Tech:

Smartphone data reveal which Americans are social distancing (and not)
(DBN)

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Religion:

Hundreds of Mormons greeted missionaries at a Utah airport with hugs amid the novel coronavirus outbreak, and church leaders and government officials have called it 'irresponsible' and 'unacceptable'
(DBN)

The Fox News moment that revealed a dangerously confused president
(DBN)

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Finance:

Prepare For Additional Revolver Draws During Current Crisis
(DBN)

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Music:

Amazon's Twitch teams up with concert service to help bands amid quarantine
(DBN)

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Education:

A New Great Depression For Higher Education?
(DBN)

Harvard president tests positive for coronavirus
(DBN)

Coronavirus: Jerry Falwell Jr. is inviting some students back to Liberty University amid pandemic, argues he’s 'protecting' them
(DBN)

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Advertising:

Twitter’s withdrawn forecast an ominous sign for online ads in coronavirus crisis
(DBN)

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Entertainment:

Hollywood Is Facing an Existential Crisis
(DBN)

Wealthy stars can weather Hollywood's coronavirus shutdown, but for crew members it's a much different story
(DBN)

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Banking:

Banks Blindsided as New York Virus Relief Order Roils Contracts
(DBN)

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Credit Reporting:

Equifax says it will work with lenders, creditors to help reduce the impact of the coronavirus crisis on U.S. credit reports
(DBN)

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Economy:

White House and Senate strike a deal on $2 trillion coronavirus stimulus bill House Democrats Balk at Rubber Stamping Senate’s Virus Bill Comparing the House and Senate Coronavirus Relief Bills Here’s everything lobbyists wanted in the coronavirus stimulus package A day of reckoning nears for the stock market if a coronavirus rescue deal isn’t sealed before a Thursday labor report, says BTIG analysts Mitch McConnell Is Robbing Taxpayers to Bailout the Rich What's Inside that $2 Trillion Stimulus Bill
(DBN)

Repeating the Mistakes of the 2008 Bailout
(DBN)

How to Get Money to Small Businesses, Fast
(DBN)

Trump-Owned Companies Banned From Virus Aid in Stimulus Bill
(DBN)

U.S. junk bonds fall despite unprecedented Fed stimulus
(DBN)

G-20 Will Hold Emergency Virtual Summit on Virus
(DBN)

Philly Fed: "Nonmanufacturing firms reported a significant weakening in activity this month"
(DBN)

Ex-Treasury official calls on US to buy into struggling companies
(DBN)

Economists See U.S. Facing Worst-Ever Quarterly Contraction
(DBN)

The Fed is going to buy ETFs, but what does that mean?
(DBN)

Here’s a breakdown of the Fed’s expanded rescue programs to keep credit flowing during the pandemic
(DBN)

Fed is now effectively the ‘lender of last resort’ to Main Street not just Wall Street
(DBN)

The Fed goes to war with coronavirus
(DBN)

'The Fed pulled out the heavy artillery': Stocks, oil, and bitcoin surge after Fed boosts coronavirus stimulus
(DBN)

The Last 3 Weeks Have Made The Great Depression Look Like A Gentle Drive Down A Moderately Steep Hill
(DBN)

Nouriel Roubini: could Covid-19 spark the greatest depression?
(DBN)

This is Not a Normal Recession
(DBN)

Banks Try to Save Stunned Borrowers
(DBN)

Uber and Airbnb Lobby for Gig Worker Bailout Uber, Lyft Called Out in Hometown for Flouting Workplace Law Uber CEO: Driver Safety is Not My Problem
(DBN)

Fired Americans Send State Unemployment Websites Crashing Down
(DBN)

As governments tout coronavirus aid, companies struggle to tap it
(DBN)

Stop using the word ‘stimulus’ — Washington must provide life support
(DBN)

Countries are starting to hoard food, threatening global trade
(DBN)

If you see an earnings estimate, it’s probably wrong, given ongoing pandemic uncertainty
(DBN)

Coronavirus could drive up insurance premiums for tens of millions of Americans, projection shows
(DBN)

Carmen Reinhart Says Global Economy in Worst Spot Since 1930s
(DBN)

White House agrees to oversight of massive $500 billion Treasury loan program designed to soften coronavirus impact on businesses Mnuchin May Get $100 Million for Investment Bank Help in Crisis
(DBN)

US economic activity tanks the most since 2009 as the coronavirus fuels an all-but-certain recession
(DBN)

How the coronavirus crisis will hit American workers, in one chart
(DBN)

Get ready for the $4.5tn takeover
(DBN)

Trump team is weighing whether coronavirus-induced shutdown is doing ‘more harm than good’ Trump says he wants to "open" the country by Easter Doctors warn coronavirus deaths could ‘skyrocket’ if restrictions are loosened as Trump wants Trump’s Back-to-Work Push Pits Billionaires Against the Doctors Trump says he wants the US open for business by Easter, but he can't actually force governors to reopen their states Trump has little power to restart U.S. economy California Governor Sees Easter Too Soon to Emerge From Shutdown Public Health Experts Decry Trump's Suggestion Shutdowns Could Soon Ease All policy choices have trade-offs. The one the president is considering is insane. Why Trump’s goal to end social distancing by Easter is so dangerous Trump says there will be 'suicides by the thousands' if the US coronavirus shutdown continues - Experts say death toll from ending shutdowns early could be over 1 million FACT CHECK: Trump Claims Rising Suicides if US Stays Shut Trump Would Hurt Economy by Trying to Restart It Trump said he wants the US to ease coronavirus restrictions and be 'raring to go by Easter,' which goes against the advice of his own experts The struggle to argue for opening the economy without sounding like you're OK with more people dying Trump Huddles with Wall Street Investors on Reopening Economy Kudlow Says Trump Wants Economy Open But Won’t Ignore Doctors Dan Patrick says he is willing to risk his own life to allow economy to resume Texas Lt. Governor Will Death Panel Your Nana To Save The Economy Dan Patrick is pushing for seniors to make sacrifices for the economy. His son says work from home Texas Lt. Gov. Dan Patrick comes under fire for saying seniors should 'take a chance' on their own lives for sake of grandchildren during coronavirus crisis Trump again breaks with experts by calling for people to go back to work, claims seniors 'will be watched over protectively & lovingly' A top pandemic expert warns it's way too soon to end the coronavirus lockdowns: 'COVID would spread widely, rapidly, terribly' Trump pushes ‘return to work’ as Kudlow predicts stimulus will fuel rebound Going back to work next week won't save the economy. It will just kill more people and prolong the pain Global investor Barry Sternlicht: Trump ‘kind of right’ on wanting to get US back to work soon 6 reasons to be skeptical of Trump’s calls to reopen the economy Reopening economy too early could backfire for humans and markets, investors say
(DBN)

‘Imaginary clock’: Governors reject Trump’s virus timeline
(DBN)

The Coronavirus Trade-Off That Won’t Go Away
(DBN)

Shutdowns are Not Sustainable
(DBN)

How to Make Locking Down 2.6 Billion People Work
(DBN)

Bill Gates on Trump call for quick end to lockdown: It’s tough to tell people ‘keep going to restaurants, go buy new houses, ignore that pile of bodies over in the corner’ Bill Gates: Best Case? Six to Ten Weeks
(DBN)

America's incomplete coronavirus shutdown
(DBN)

Pentagon estimates that coronavirus will plague US for months
(DBN)

Former FDA chief says US needs to keep coronavirus lockdowns in place for weeks
(DBN)

One step forward, two steps back
(DBN)

Bill Gates says US missed its chance to avoid coronavirus shutdown
(DBN)

US has potential to become the new coronavirus epicenter, WHO warns
(DBN)

Pence says the White House isn't considering a nationwide lockdown to halt coronavirus
(DBN)

When will life return to normal? Health experts on a possible exit strategy to the pandemic
(DBN)

Poll: Americans want corporations to promise no layoffs in exchange for bailouts
(DBN)

In America’s Virus Economy, Government Is the Last Spender Left
(DBN)

Surge in Unemployment Claims Sparks Delayed Checks Amid Coronavirus Crisis
(DBN)

The coronavirus unemployment insurance plan, explained
(DBN)

Singapore is using a high-tech surveillance app to track the coronavirus, keeping schools and businesses open. Here's how it works.
(DBN)

Government action must be laser-focused on the health crisis and on saving lives and livelihoods
(DBN)

'Truly horrifying': 6 economic surveys show coronavirus is hammering the global economy
(DBN)

Why some women may take an extra financial hit from the coronavirus pandemic
(DBN)

Coronavirus Index: Everything's worse
(DBN)

Starbucks CEO: Our experience with coronavirus in China shows US on similar path
(DBN)

New York City offers to hire out-of-work Lyft, Uber, and taxi drivers to deliver food to the elderly
(DBN)

12 innovative ways companies are helping people affected by the coronavirus
(DBN)

The coronavirus destroyed my business gradually, then suddenly
(DBN)

America’s Millionaire Ranks Shrink by 500,000 in Record Time
(DBN)

Coca-Cola CEO says supply chain ‘creaking around the world’ due to coronavirus
(DBN)

Coronavirus could hit the world's most vulnerable people hardest
(DBN)

Americans' coronavirus fears spike: poll Poll: As Coronavirus Spreads, Fewer Americans See Pandemic As A Real Threat
(DBN)

Asia may ride out the coronavirus crisis better than the West, analysts say
(DBN)

In World’s Most Vulnerable Countries, the Pandemic Rivals the 2008 Crisis
(DBN)

Mothballing businesses: survival through the lockdown and beyond
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Landlord Tenant Issues in Bankruptcy Amid COVID-19
(DBN)

What Landlords Should Consider in the Wake of Coronavirus
(DBN)

U.S. Retailers Plan to Stop Paying Rent to Offset Virus Closures
(DBN)

SFA Urges the Fed to Include Non-Qualified Mortgages, MSRs and Unsecured Consumer Loans in revamped TALF
(DBN)

Pandemic may finally push Kushner Cos’ Times Square retail space into default
(DBN)

With Fed's unlimited MBS buying, how low can mortgage rates go?
(DBN)

Mortgage industry lays out its case for widespread coronavirus emergency relief
(DBN)

New Home Sales at 765,000 Annual Rate in February A few Comments on February New Home Sales
(DBN)

'Go home rats!' Furious locals in rural towns and villages erect signs and scrawl messages on beaches telling second home owners to leave amid coronavirus outbreak - but many remain defiant and continue their move to countryside
(DBN)

Mortgage closings at risk as coronavirus shutters title and recording offices
(DBN)

Even as metropolitan areas diversify, white Americans still live in mostly white neighborhoods
(DBN)

The Government Has a Plan To Help Out Renters-Will It Be Enough?
(DBN)

WeWork asks employees to value work versus safety in offering them money to go to the office during health crisis
(DBN)

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Oil/Gas:

Prepare For The Next Wave Of Oil Bankruptcies
(DBN)

Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse
(DBN)

Fracking giants warn shale crash will be faster this time
(DBN)

Oil Rides U.S. Stimulus Rally While Price War Rages Unabated
(DBN)

Oil Price War: Texas V. Saudi Arabia?
(DBN)

Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget
(DBN)

Chevron to cut 2020 capital expenditures by $4 billion, suspend share buybacks
(DBN)

Phillips 66 suspends several projects, cuts budget as oil prices tighten
(DBN)

Oil Execs to Trump: Whose Side are You On?
(DBN)

Occidental Petroleum cuts CEO, staff pay to combat falling oil prices
(DBN)

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Healthcare:

Hell is Coming: Here is the Mathematical Proof
(DBN)

Coronavirus Deaths by U.S. State and Country Over Time
(DBN)

New York Hospital Workers Forgo Tests and Gulp Back Fears
(DBN)

Photos of packed beaches, bikeways, and hiking trails show how people are ignoring coronavirus social-distancing mandates around the world “I’ll do what I want”: Why the people ignoring social distancing orders just won’t listen
(DBN)

We keep underestimating the coronavirus
(DBN)

Virus-Hit Countries Offer Lessons for U.S., Europe Lockdowns
(DBN)

What it’s like for a doctor treating coronavirus, in one Twitter thread
(DBN)

Red, itchy eyes may be another symptom of coronavirus infection, experts say
(DBN)

Do you need to change and wash your clothes after visiting the grocery store?
(DBN)

May Last on Surfaces Longer Than Thought
(DBN)

Malaria Drug No Better Than Regular Coronavirus Care, Study Says
(DBN)

China’s Hidden Symptom-Free Virus Cases Means Epidemic Not Over
(DBN)

Warm, humid weather could slow coronavirus, new research finds
(DBN)

DC to close nonessential businesses Washington county with nine coronavirus deaths urges all its 2.2M residents to work from home, pulls 22,000 students from school and tells everyone over 60 to stay indoors Denver Exempts Pot Shops, Liquor Stores from Stay-at-Home Order Watch the video where the governor of Florida explains why he's refusing to issue a shelter-in-place order, even though 25 counties have confirmed cases of the coronavirus India announces nationwide lockdown to stop spread of coronavirus States urge staying home. Here’s the latest on coronavirus restrictions U.S. Semi-Shutdown Is Mostly Voluntary, and Uniquely American India in Lockdown for 3 Weeks
(DBN)

‘Troubling and astronomical’ coronavirus cases increase urgency for hospital beds, New York Gov. Cuomo says New York's virus outlook darkens, even as Trump pushes to reopen economy
(DBN)

White House tells anyone who has left NYC that they should self quarantine FL Gov. DeSantis derides those 'bringing the virus' from hot zone
(DBN)

Coronavirus in NY: 30 people in homeless shelters test positive
(DBN)

‘Cacophony of coughing’: Inside NYC’s virus-besieged ERs
(DBN)

Global coronavirus cases double in a week to 400,000 as pandemic accelerates
(DBN)

Cuomo pleads with federal government to supply New York with ventilators
(DBN)

Trump requests supplies from South Korea to help combat coronavirus, report says
(DBN)

N.Y.’s Cuomo Says Rate of Virus Cases Increasing Despite Actions NY Gov. Cuomo sounds the alarm on coronavirus acceleration: 'The apex is higher than we thought, and the apex is sooner than we thought' Cuomo Says Rate Of Virus Spread Has Increased, ‘We’re Not Slowing It’ Coronavirus spreading like ‘bullet train’ in NY as cases top 25,000
(DBN)

A week in the life of a doctor in an NYC hospital who is battling the coronavirus on the front lines
(DBN)

Trump Has Given Unusual Leeway to Fauci, but Aides Say He’s Losing His Patience Fauci Disappears From White House After Contradicting Trump
(DBN)

I live in New York City and have coronavirus symptoms, including the loss of smell. But I'm still working — and I'm afraid I'll be furloughed soon.
(DBN)

Emergency medical workers in San Francisco are wearing smart rings that can monitor body temperature in an effort to detect COVID-19 symptoms early
(DBN)

White House to use Defense Production Act to procure test kits, FEMA chief says What is the Defense Production Act and why is Trump so resistant to using it to help hospitals? Trump Isn’t Using Full Power of Defense Production Act Because So Many U.S. Companies Helped? Emails Suggest Otherwise Trump Says He Invoked U.S. Production Law for ‘Leverage’
(DBN)

Feds send supplies from stockpiles but some items are old or expired, officials say
(DBN)

TX: Harris County testing sites in danger of closing due to low number of coronavirus test kits
(DBN)

CDC Coronavirus Testing Decision Likely To Haunt Nation For Months To Come CDC investigating internal blunders that led to poor coronavirus response, testing Trump Says His Government ‘Did Not Screw Up’ Virus Testing
(DBN)

Hospitals and pharmacies risk running out of inhalers as the coronavirus strains supplies
(DBN)

March 24 Update: US COVID-19 Tests per Day #TestAndTrace
(DBN)

Volunteers sew masks for health workers facing shortages
(DBN)

More Than 750,000 Masks Auctioned for Huge Markup While Hospitals Run Out
(DBN)

Cononavirus leads hospitals, volunteers to crowd-source
(DBN)

Can blood from coronavirus survivors treat the newly ill? Critically ill coronavirus patients can now be treated with survivors' blood
(DBN)

Some cancer patients face delayed surgeries and scaled-back treatments as the coronavirus advances
(DBN)

Two large US private labs say they could soon process 300,000 coronavirus tests per week
(DBN)

TX Gov: Statewide shelter in place 'not appropriate' at this time 65 Texas House Democrats push Gov. Abbott for statewide stay-at-home order
(DBN)

Italian priest dies of coronavirus after giving respirator to younger patient
(DBN)

San Francisco warns of coronavirus surge: 'The worst is yet to come'
(DBN)

What Happens When All the Doctors Get Sick?
(DBN)

Tearful patient with coronavirus films coughing fit and says he had hallucinations
(DBN)

Hamptons residents are not happy so many coronavirus-fearing New Yorkers are invading right now
(DBN)

Aquarium cleaner kills man who took it to thwart coronavirus
(DBN)

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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 (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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:

?LendingTree Study Analyzes the Real Costs of Bankruptcy
(DBN)

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Setoff:

Failing to Adequately Assert Setoff Rights Could Jeopardize Recovery
(DBN)

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Fiduciary Duty:

Fiduciary Duties And Financial Distress In The Time Of COVID-19
(DBN)

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Automatic Stay:

Supreme Court to Resolve Circuit Split on Whether Creditor Inaction Constitutes a Stay Violation
(DBN)

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Anti-Assignment:

Increased Rent Provision as an Anti-Assignment Clause
(DBN)

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Autos:

General Motors will draw down $16 billion in credit, suspends 2020 outlook
(DBN)

Ford says it won't restart North American factories at the end of March because of the coronavirus outbreak Ford says it will not reopen plants at end of March, citing stay-at-home orders
(DBN)

Ford to help GE, 3M make more coronavirus supplies
(DBN)

Ventilator Maker Hamilton May Open U.S. Factory With Automaker
(DBN)

Gov. Cuomo says NY needs ventilators now, help from GM, Ford ‘does us no good’
(DBN)

Aston Martin to halt car production at both factories
(DBN)

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Newspapers:

Pittsburgh-area newspapers cut staff, suspend print editions as pandemic guts ad revenues
(DBN)

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Food/Beverage:

Restaurant workers on how their lives have been changed by the coronavirus
(DBN)

America's Best Restaurants Are Turning Into Relief Centers for Hospitality Workers
(DBN)

‘This Is Not A Game’: Perdue Farms Workers Walk Out Over Coronavirus Concerns
(DBN)

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Celebs:

Greta Thunberg Isolated on Concerns She Contracted Coronavirus
(DBN)

____________

Hedge Funds:

Citadel turns 2020 profit after spotting virus risk early
(DBN)

Hedge Funds Do a Lucy on Charlie Brown Investors
(DBN)

____________

Defense:

Many businesses are closing to prevent the spread of the coronavirus. Not the defense industry.
(DBN)

____________

Student Debt:

You can now defer your federal student loans for 2 months
(DBN)

____________

Mass Torts:

NJ Boy Scout lawsuits are headed to federal bankruptcy court
(DBN)

____________

Mail:

Congress needs to provide funds or Postal Service may shut down because of coronavirus: report
(DBN)

____________

Retailing:

Coronavirus Tipping Point: Grocery Stores
(DBN)

Bankruptcy, Coronavirus (COVID-19), and How Retailers Can Brace for the Impact
(DBN)

Neiman Debt Prices Tumble While Retailer Considers Bankruptcy
(DBN)

U.S. retailers plan to stop paying rent to offset virus closures
(DBN)

They’re Called Essential, But Local Food Workers Are Resisting
(DBN)

Costco is offering an additional $2 an hour to its hourly employees across the US as the coronavirus outbreak causes massive shopping surges
(DBN)

CVS, Walmart, and 14 other 'essential' businesses that are desperate for workers right now
(DBN)

Hobby Lobby told managers to 'make every effort to continue working the employees' and denied employees paid sick leave. We got a look at the full memo.
(DBN)

This department store is still open for business despite coronavirus
(DBN)

Pier 1 Takes Additional Actions to Preserve Liquidity in Response to COVID-19
(DBN)

Apple Expects to Start Reopening Stores in First Half of April
(DBN)

Instacart plans to add 300,000 additional workers as demand surges for online delivery
(DBN)

Workers In 8 Amazon Warehouses Test Positive For Coronavirus
(DBN)

____________

Art:

San Francisco’s Top Art School Plans Closing After Almost 150 Years
(DBN)

____________

UK:

UK calls for 250,000 volunteers as virus deaths surge
(DBN)

U.K. Plans to Close Parliament from Wednesday to Slow Virus
(DBN)

Boris Johnson's Coronavirus Response Is a Fiasco
(DBN)

Prince Charles tests positive but 'remains in good health'
(DBN)

Britain’s Lockdown Is a Bonanza for Grocers, Unless They Flub It
(DBN)

Commercial tenants receive protection from eviction Private landlords to be banned from evicting tenants for six months Commercial tenants to be given three months’ protection from forfeiture
(DBN)

Britain becomes latest country in lockdown with police to enforce new restrictions
(DBN)

U.K. Tells Dating Couples to ‘Make Your Choice’: Stay Away or Move In
(DBN)

UK clamps down to fight virus, but confusion still reigns
(DBN)

Doncasters’ Restructuring Successfully Implemented
(DBN)

____________

PIIGS:

Italian coronavirus cases seen ’10 times higher’ than official tally
(DBN)

Italy virus deaths rise again after two days of declining toll
(DBN)

Italy May Set Heavier Fines for Coronavirus Lockdown Violations
(DBN)

Ireland Says More Than 400,000 Jobs at Risk in Virus Fight
(DBN)

U.K. Health Chiefs Warn Coronavirus Could Overwhelm ICU Limits
(DBN)

More than a week into its lockdown, Spain longs for the coronavirus to loosen its deadly grip
(DBN)

____________

EU:

ECB + CACs: Fig Leaf Aflutter

Do CACs Constrain the ECB From Buying Even More Bonds?
(DBN)

Euro zone unable to reach deal on new coronavirus aid
(DBN)

ECB Sees Steepest Demand for Cash Since October 2008
(DBN)

Banks struggle to ride to the rescue in Europe's cash crunch battle
(DBN)

____________

Canada:

Jobless claims soar to nearly 1M in Canada
(DBN)

Coronavirus recession: B.C. economy could shrink 7-12%, analyst warns
(DBN)

Distress Preferred Shares are an option for borrowers to avoid insolvency or bankruptcy
(DBN)

Poll finds 1 in 5 Canadians believe coronavirus crisis blown out of proportion
(DBN)

National payments moratorium must be declared now by Canadian government to support Canadians
(DBN)

____________

China:

China takes a page from Russia's disinformation playbook
(DBN)

The Telltale Signs of a Bond Default
(DBN)

China will emerge from the coronavirus crisis stronger than the U.S., experts warn
(DBN)

Chinese Firms Either Fine or In Trouble, Depending Where You Are
(DBN)

U.S. Firms in China More Pessimistic on Rebounding From Coronavirus
(DBN)

The Clacking of Chinese Plants Returns as Rest of World Reels
(DBN)

Trump Says He’ll Stop Using ‘Chinese Virus,’ Easing Blame Game
(DBN)

____________

Norway:

Norway's unemployment rate soars to above 10% due to coronavirus, highest since 1930s
(DBN)

____________

New Zealand:

New Zealand Declares State of Emergency, Goes Into Lockdown
(DBN)

____________

India:

India to Impose Nationwide Lockdown From Midnight, PM Modi Says
(DBN)

India put 1.3 billion people in lockdown. Now it needs to help many of them survive
(DBN)

Modi’s India Shutdown Is an Unprecedented Gamble
(DBN)

India’s coronavirus lockdown and its looming crisis, explained
(DBN)

Indian Ports in Chaos as Virus Lockdown Hits Operations
(DBN)

India Headed for Rare Quarterly Contraction on Lockdown
(DBN)

Banks brace for payment defaults, missed targets
(DBN)

As Covid-19 grips economy, firms uncertain about impact on bankruptcies
(DBN)

High-debt companies face risk of default amid coronavirus spread
(DBN)

____________

Germany:

VW Plans Short-Time Work for About 80,000 German Employees
(DBN)

German business morale falls to lowest since 2009; economy ‘in shock’
(DBN)

Coronavirus Tightens Its Grip on the Economy German Business Outlook Collapses With Economy Largely Shut Down
(DBN)

Germany Sees Beginning of Virus Epidemic as Cases Increase
(DBN)

____________

Australia:

Major Australian banks are allowing customers to defer mortgage payments up to six months
(DBN)

Chadstone retailers push for three months rent free citing bankruptcy fears
(DBN)

No More Selfies: Australian Tourist Island Becomes Quarantine Zone
(DBN)

____________

Africa:

Africa leads calls for debt relief in face of coronavirus crisis
(DBN)

Ebola-Scarred Sierra Leone Calls Year-Long Coronavirus Emergency
(DBN)

UN Sees Africa Sliding Into Recession Without Debt-Service Help
(DBN)

Junk Rating This Week May Be Least of South Africa’s Problems
(DBN)

____________

Russia:

Russia's official coronavirus numbers are relatively low. Even Moscow's mayor is questioning the count.
(DBN)

Putin dons hazmat suit as Moscow says coronavirus outbreak is worse than it looks
(DBN)

____________

Malaysia:

Think tank estimates 2.4 million job losses with extended MCO
(DBN)

Malaysia Offers More Loan Deferrals to Blunt Pandemic’s Impact
(DBN)

____________

Singapore:

SARS made Hong Kong and Singapore ready for coronavirus
(DBN)

Singapore Bar, Cinema Closures Rub ‘Salt in Wound’ for Economy
(DBN)

Coronavirus May Hit Singapore REITs Harder Than the Financial Crisis
(DBN)

____________

Asia:

Coronavirus threatens to cause bankruptcies across APAC
(DBN)

Few Believe in This Asian Rebound After $7.6 Trillion Sell-off
(DBN)

South Asia's Looming Disaster
(DBN)

____________

Thailand:

Thailand to Impose Broad Lockdown to Fight Novel Coronavirus
(DBN)

Thailand Holds Rate, With Economy Seen Contracting 5.3%
(DBN)

____________

Japan:

Japan Trading Giant Warns of Record Loss on $3.3 Billion Charges
(DBN)

____________

MENA:

Turkish Economy Shows First Warning Signs as Confidence Tanks
(DBN)

____________

Sweden:

Sweden May Be Headed Into Worst Recession in Recorded History
(DBN)

____________


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