March 27, 2020

The Daily Bankruptcy News

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Law:

Greenberg Traurig Gets Zirinsky Back, Builds Bankruptcy Practice as the Economy Staggers Greenberg Traurig Re-joins Forces with Leading Bankruptcy Guru Bruce Zirinsky Bankruptcy vet Zirinsky rejoins growing Greenberg Traurig team as coronavirus debt mounts
(DBN)

Biglaw Firm Reinstates Coronavirus Work-From-Home Policy After Blowback From Employees
(DBN)

Peloton Is More Than a Workout for Lawyers Practicing Law From Home
(DBN)

Modell’s Bankruptcy Time-Out Is a Harbinger of Many to Come
(DBN)

'Survival Mode' Is Now for Some Law Firms, While Others Plan and Wait
(DBN)

Some Firms Press On With Summers, While Others Wait and See
(DBN)

Hogan Lovells Raids Emergency Supplies to Get N95 Masks to Health Providers
(DBN)

Working Parents Are Not Okay Right Now. How To Balance The Strain Of A Legal Career With Everything Else.
(DBN)

Pro Bono Lawyers Face New World of Remote Work Due to Virus
(DBN)

'Mild Improvements' for David Lat, but Prognosis Still Uncertain
(DBN)

Greenberg Traurig's Richard Rosenbaum on Looking Up in the Midst of Crisis
(DBN)

This General Counsel Is Giving Up His Pandemic Pay
(DBN)

Partner Defections Don’t Stop Revenue Gains At This Biglaw Firm
(DBN)

Pay and job cuts: Fieldfisher and more take savage measures
(DBN)

Bonus Watch ’20: Your Year-End Windfall Is Looking Sickly
(DBN)

ABA: Exempt legal services from any US stay-home order
(DBN)

Bankruptcies are coming — here's how businesses might make it through
(DBN)

White & Case rivals Nostradamus with virtual office experience
(DBN)

Wachtell Partner Is Having None Of Your Bullsh*t During A Freaking Pandemic
(DBN)

Even If The Government Steps In, These Harvard Law Grads Will Still Need Help Paying Their Loans
(DBN)

Top Law Firm Invests $8.2M In Legal Research Company Casetext
(DBN)

Federal judge trims law firm’s suit that claims a rival firm hijacked website traffic
(DBN)

Grocery store throws out $35,000 worth of food it says woman deliberately coughed on
(DBN)

Actor Arrested by FBI for Touting Coronavirus Cure
(DBN)

Firms' COVID-19 responses have ranged from crap to ace
(DBN)

Don’t Touch Your Face: The Border
(DBN)

Mexico Demands Crackdown on Americans Trying to Cross Border
(DBN)

Reagan-Appointed Judge Scorches DOJ’s Justification for Denying Funds to Sanctuary Cities
(DBN)

Fears for civil rights mount amid fight against COVID-19
(DBN)

ACLU Blasts DOJ’s Threat to Prosecute Coronavirus Spreaders Under Terrorism Laws
(DBN)

A new beat for police across US: Enforcing social distance
(DBN)

Trump PAC Threatens Libelslander Suits Against TV Stations That Show Trump Talking
(DBN)

Bombshell Report Says Rod Rosenstein Played Key Role in Killing Criminal Case Against Walmart
(DBN)

Police beg public to stop calling emergency hotline with dumb coronavirus questions
(DBN)

New York Gym Chain Sued for Charging Fees Amid Virus Closure
(DBN)

COVID-19 stimulus bill includes more than $1B for criminal justice needs
(DBN)

Lawyer banned from son's birth
(DBN)

Hoarders, Price Gougers During Pandemic Will Draw Justice Ire
(DBN)

Reddit Law School Rides To Rescue After Cheating Lawyer Wife Tries To Set Terms Of Divorce
(DBN)

Any Further Delay in Using Full Power of Defense Production Act Is a ‘Grave Mistake’: National Security Officials
(DBN)

FBI Learned of Coronavirus Terror Threat Through Army Soldier Who Plotted to Kill Beto O’Rourke
(DBN)

Man Coughed on Police During Attempted Sobriety Tests, Said He Gave Them COVID-19: Cops
(DBN)

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Judges:

Summary of Modifications to US Bankruptcy Court Protocol & Procedures Due to COVID-19
(DBN)

Bankruptcy Courts Remain “Open For Business” U.S. Bankruptcy Courts Adapt to Life Under COVID-19
(DBN)

BK ED MI Closes Detroit Courthouse Due To Positive Covid-19 Test By Security officer
(DBN)

Juries Halted, Staff Sick, U.S. Trial Courts Cope with Covid-19
(DBN)

Judge is censured for ‘crass’ and ‘sexist’ remarks, comment with ‘racial overtones’
(DBN)

Immigration Lawyers And Judges Beg To Suspend Court And Open Detention Centers Before People Die
(DBN)

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Wall Street:

Dow futures point to 500-point drop at the open following a massive 3-day rally
(DBN)

'The situation is about to get worse': Stocks slide as surging US unemployment and coronavirus cases stifle stimulus hopes
(DBN)

Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’ Stocks surge despite record-breaking unemployment claims Here’s why stocks are rising on terrible news
(DBN)

These two factors may be driving the stock market’s double-digit gains this week, says JP Morgan strategist
(DBN)

Algorithms sped up selling, leading to the fastest bear market in stock market history
(DBN)

Man who called 1987 crash says ‘be careful not to mythologize’ coronavirus into a ‘pandemic Godzilla,’ predicts stocks will rebound in a few months
(DBN)

How a Hedge Funder Scored a 10,000% Return Amid Coronavirus Market Meltdown
(DBN)

Executives are buying stock in droves, giving a ‘strong’ signal that the comeback is for real
(DBN)

Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that the coronavirus would tank the market
(DBN)

‘Most photographed’ Wall Street trader Peter Tuchman has coronavirus
(DBN)

More than half of Americans fear that the stock market hasn't yet bottomed out amid coronavirus panic, survey shows
(DBN)

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Layoffs:

The Cheesecake Factory is reportedly furloughing nearly 41,000 restaurant workers
(DBN)

The coronavirus outbreak has already triggered mass layoffs and furloughs. From Cirque du Soleil to General Electric, here are 11 major companies that have announced they are downsizing their workforces.
(DBN)

Hotels and airlines are just the beginning — here's how the coronavirus recession could cause job losses across the US economy
(DBN)

The Edgewater hotel lays off or reduces hours of 200 employees
(DBN)

Small businesses that already laid off workers can qualify for loan forgiveness
(DBN)

Coronavirus: NYC Mayor says at least 500,000 New Yorkers will be unemployed
(DBN)

Deutsche Bank Pauses Job Cuts to Avoid Distress During Outbreak
(DBN)

Citi Suspends Job Cuts With Banks Seeking to Reassure Workers
(DBN)

Hollywood Icon Chateau Marmont Lets Nearly All Employees Go, Hospitality Union Says
(DBN)

Coronavirus Layoffs: Landry’s Inc., Philly YMCA Latest To Let Workers Go Amid Pandemic
(DBN)

Greater Philadelphia YMCA cuts 4,000 workers
(DBN)

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Healthcare:

Hospital Revenue Is Falling Faster Than Expected, JPMorgan Says
(DBN)

US virus deaths may top 80,000 despite confinement: study More than a dozen researchers predicted how the US's coronavirus outbreak will end. They estimated nearly 200,000 people could die by the end of the year Deaths, hospitalizations up in stark sign of virus' reach
(DBN)

One chart compares coronavirus cases per capita in the hardest-hit countries around the world — Switzerland, Spain, and Italy top the list
(DBN)

Signs you might have coronavirus if you have few symptoms
(DBN)

Doctors: More Dying Than Being Reported
(DBN)

White House Deviated from Pandemic Plan
(DBN)

USA now has more coronavirus cases than either China or Italy
(DBN)

New Jersey Positive Coronavirus Cases Jump 56% in A Day to 6,876 N.J. Seeks 2,500 Ventilators From Federal Stockpile: Governor
(DBN)

Gov. Andrew Cuomo’s Claim That ‘No One Ever Expected’ Ventilator Shortage Is Blatantly False
(DBN)

Trump tells Fox News he doesn't think areas need 40,000 to 30,000 ventilators. New York currently has 39,000 COVID-19 cases, and 450 have died.
(DBN)

A massive stockpile of 39 million N95 masks is being sold to American hospitals — about 27 million more than the US government's emergency stockpile
(DBN)

The US government has a stockpile of 16,000 extra ventilators in case of an emergency like COVID-19. It isn't enough.
(DBN)

California coronavirus surge on par with New York, alarming officials. Cases top 3,000
(DBN)

US hospitals rush to find beds for surge of virus patients
(DBN)

Cuomo gives somber coronavirus update as 100 die in one day and NYC infections soar over 21,000
(DBN)

Top CDC official warns New York's coronavirus outbreak is just a preview
(DBN)

Novartis says it’s ‘too soon’ to know if malaria drug can be coronavirus vaccine
(DBN)

As coronavirus spreads, U.S. military to withhold some infection data
(DBN)

NYC doctors say coronavirus is worse than 9/11: ‘There’s no escaping this’
(DBN)

As they rush to save lives, health care workers are updating their own wills and funeral plans
(DBN)

Charting the coronavirus pandemic state by state
(DBN)

Worldwide coronavirus cases top 500,000, doubling in just over a week
(DBN)

New York coronavirus cases soar to 37,258 as state scrambles for ventilators
(DBN)

The Coronavirus Is the Worst Intelligence Failure in U.S. History
(DBN)

'This is a war': NYC doctors describe fight against coronavirus as cases surge
(DBN)

Experts predict American hospital staffing will “spiral” as doctors fall ill to coronavirus
(DBN)

New York approves ventilator splitting, allowing hospitals to treat two patients with one machine
(DBN)

New York City hospitals are running out of room in their morgues, but the flow of coronavirus bodies is just starting to ramp up
(DBN)

One chart shows New York City's coronavirus cases, deaths, and hospitalizations by age bracket as the city's cases top 20,000
(DBN)

Social distancing can’t last forever. Here’s what comes next.
(DBN)

I work at a COVID-19 drive-thru testing site—here’s what a 12-hour shift looks like
(DBN)

‘Patchwork’ of state action will prolong outbreak, ex-Obama advisor
(DBN)

IBM's Watson and The Weather Channel's new county-by-county interactive map of COVID-19 cases is one of the first of its kind
(DBN)

Don’t panic about shopping, getting delivery or accepting packages
(DBN)

Germany and the Netherlands seem to fight off the virus better than most — here’s why
(DBN)

‘Go home!’ New Yorkers flee the city as coronavirus cases surge, but they aren’t welcome in the Hamptons COVID-19 creates divided states of America- FL requires 14-day quarantine for people arriving from NY
(DBN)

Trump’s claim that malaria drug can treat coronavirus gives hope — not evidence
(DBN)

Fauci: Countries should be prepared for another coronavirus cycle
(DBN)

The coronavirus may be deadlier than 1918 flu: Here’s how it stacks up against other pandemics
(DBN)

Army Asks Retired Soldiers in Health Care Fields to Come Back for COVID-19 Fight
(DBN)

Lockdown or lock-in? Fears of alcoholism, addiction in confinement
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Food/Beverage:

Cheesecake Factory says it’s not paying rent in April due to ‘unprecedented times’ Chain restaurants are asking to skip paying rent in April because of coronavirus closures
(DBN)

‘God help us all! The end is near!’ Mike Huckabee reacts to a coronavirus ‘code red’ from Waffle House Things must be bad. Waffle Houses are closing.
(DBN)

How COVID-19 Led To The Restaurant Industry Collapsing In Major U.S. Cities
(DBN)

Wendy’s withdraws outlook and draws down revolver as same-store sales plunge 20%
(DBN)

Why fast-food workers are considered essential, even as employees worry they could risk catching or spreading coronavirus at work How fast-food workers and other restaurant employees considered 'essential' can stay safe as they continue to go to work, according to experts
(DBN)

Even if a restaurant worker coughs or sneezes directly in your food, you won't catch coronavirus from eating the meal
(DBN)

Dr. Fauci doughnuts are selling like hotcakes
(DBN)

Egg Prices Are Skyrocketing Because Of Coronavirus Panic Shopping
(DBN)

Texas Roadhouse CEO to forgo base salary through Jan. 7, 2021, company suspends dividend
(DBN)

The maker of Coors beer is joining other breweries and distilleries across the country in producing hand sanitizer
(DBN)

A restaurant in South Carolina has been accused of reselling Costco pizzas at a 700% markup as 'gourmet Roman-style thin crust pizza'
(DBN)

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Aviation:

The Airlines Most in Danger of Going Under During the Crisis
(DBN)

Coronavirus-hit airports are on the brink of failure
(DBN)

Airlines Can’t Shrink Fast Enough To Keep Up With The Unprecedented Collapse In Global Travel Demand
(DBN)

The ‘mother of all bailouts’ boosts Boeing, airline shares Why Boeing doesn't deserve a bailout
(DBN)

Coronavirus: the airline wipeout isn't about balance sheets
(DBN)

Coronavirus delays South African Airways rescue plan to May
(DBN)

COVID-19: Where to next for airlines and their investors?
(DBN)

Will It Matter for U.S. Airlines With the Government as a Shareholder?
(DBN)

Southwest Airlines Says It’s Losing ‘Big Money’ on Every Flight
(DBN)

I flew between New York and Austin three times to escape the pandemic — and now I realize I put myself at risk of contagion. Here are 15 crucial health tips if you absolutely need to be at an airport as the coronavirus spreads.
(DBN)

ICE deportation planes begin to ship stranded U.S. citizens home U.S. diplomats race to get Americans home while they can
(DBN)

Congress should let the airlines go to bankruptcy court
(DBN)

U.S. Airlines On Track To Get What They Wanted In Coronavirus Bailout Bill, Without Environmental Restrictions
(DBN)

Miami-based charter airline files for bankruptcy
(DBN)

How to save airlines the right way
(DBN)

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Economy:

Jobless claims soar past 3 million to record high 'A generation-defining moment': Krugman, Roubini, and El-Erian say the record 3.3 million unemployment claims are 'just the start' How to understand the nightmare chart These are the states with the most job losses so far because of the coronavirus Biggest spike in jobless claims in U.S. history A record 3.28 million Americans applied for unemployment benefits last week amid pandemic ‘I’ve been a labor economist for a very long time — and have never seen anything like this.’ Jobless claims rise nearly 1,500% in 3 weeks Mnuchin says jobless claims data is not relevant as Senate coronavirus stimulus changes the calculus of business owners A record-shattering number of Americans filed for unemployment last week — here's what the situation looks like in each state New York has most COVID-19 cases, but sees smaller surge in jobless claims than 14 other states
(DBN)

Jobless Claims Horrifying, Things are Worse
(DBN)

Pandemic is Going to Cost the US $5 Trillion
(DBN)

Virus Aid Bill Cuts Taxes by $591 Billion
(DBN)

US Bails Out Firms That Avoided Taxes, Cut Safety Regulations, Did Stock Buybacks
(DBN)

Federal Reserve’s Balance Sheet Tops $5 Trillion for First Time
(DBN)

Tens of millions face losing jobs in escalating coronavirus crisis
(DBN)

Millions more U.S. jobs at risk of being lost as coronavirus crisis deepens
(DBN)

How coronavirus has upended economics in just a few weeks
(DBN)

A staffing agency that hires nannies and chefs for ultrawealthy families at 6-figure salaries says it's been 'inundated' by laid-off restaurant workers desperate for work
(DBN)

U.S. economy grew at 2.1% annual rate in fourth quarter, GDP update confirms
(DBN)

JPMorgan slashes its GDP forecast for next quarter — now sees a 25% contraction and imminent recession despite 'Herculean' stimulus measures
(DBN)

Fed’s Powell tries to reassure Americans the economy will recover Fed’s Jerome Powell: ‘We’re not going to run out of ammunition’
(DBN)

This corner of the market is proof the Fed stimulus is working, chart analyst says
(DBN)

Mayor Garcetti announces water and power will be shut off for nonessential L.A. businesses that don’t close
(DBN)

Governor Issues Executive Order Defining Most Businesses in State as ‘Essential’
(DBN)

Gov. Polis puts Colorado on lockdown in response to coronavirus pandemic
(DBN)

Mayor Francis Suarez is convinced thousands in Miami have the coronavirus, thinks the governor should lock down Florida, and says its impact 'can become apocalyptic'
(DBN)

Koch Cuts CDC, Attacks Shelter in Place Plan
(DBN)

New Hampshire becomes latest state to issue coronavirus stay-at-home order
(DBN)

Trump and Congress Can Legally Strong-Arm States to Reopen for Business
(DBN)

Why you may still be working from home after the coronavirus crisis is over
(DBN)

Lockdowns work against coronavirus. But they take a few weeks to show they’re working.
(DBN)

Why an effective quarantine is the lesser of two evils
(DBN)

‘Reopen America’ by Easter? This staggering chart shows why that could be ‘an error of epic proportions’
(DBN)

Trump has megaphone, but states control virus shutdowns
(DBN)

‘You don’t make the timeline; the virus makes the timeline,’ says Dr. Anthony Fauci Fauci says US can consider getting back to normal when coronavirus slows greatly
(DBN)

The ‘false choice’ between saving lives and saving the economy is a ‘profoundly stupid’ choice: cultural historian
(DBN)

Trump weighs plan to label counties by coronavirus "risk" level Trump plan calls for classifying coronavirus risk county by county
(DBN)

Trump to review options to ‘open the country up’ as US coronavirus cases pass China, Italy
(DBN)

Many businesses cautious about restarting economy amid virus
(DBN)

This isn’t your ordinary recession — the U.S. is now experiencing a economic meltdown more typical of a Third World natural disaster
(DBN)

What It Takes To Bring Back Consumer Spending Amid The Coronavirus Outbreak
(DBN)

Thousands are crowding into free national parks. And workers are terrified of coronavirus.
(DBN)

How do you choose between economic ‘deaths of despair’ and coronavirus victims? ‘It’s appalling to attach a dollar number to a human life — for noneconomists’
(DBN)

The Coronavirus War Economy Will Change the World
(DBN)

Here’s what the historic $2 trillion coronavirus stimulus package will do to help small businesses See exactly what's in the $2 trillion stimulus bill The forgotten firms in the Senate relief bill Gig workers win access to unemployment benefits in $2 trillion stimulus bill Coronavirus stimulus checks will come within three weeks, Mnuchin says Tudor Jones says DC coronavirus aid is greatest fiscal-monetary ‘bazooka’ ever Senate’s coronavirus stimulus package includes payroll tax delay for employers Fine Print of Stimulus Bill Contains Special Deals for Industries Small businesses get help in coronavirus relief bill. Advocates hope it’s enough Is There Wasteful Spending In The Coronavirus Stimulus Bill? Congress is almost done with the coronavirus bailout law. The next step? Fix it House leaders look to expedite $2.2 trillion relief package, face possibility that one GOP lawmaker may delay passage The coronavirus stimulus package will be doomed to fail if it can't pass this simple 3-question test
(DBN)

Coronavirus aid package forces mid-sized companies to agree not to break up unions or outsource jobs if they want a slice of the $2 trillion stimulus
(DBN)

Where is the US government getting all the money it’s spending in the coronavirus crisis?
(DBN)

Virus rescue package puts Washington in charge of business
(DBN)

When $2.2 trillion is not enough The Big Problem With the Stimulus Is It’s Too Small
(DBN)

The $2.2 trillion stimulus can’t be the last thing Congress does on coronavirus
(DBN)

Nancy Pelosi predicts more direct payments during the coronavirus crisis
(DBN)

Recession fears high amid layoffs, pay cuts from coronavirus fallout, poll finds
(DBN)

Here’s how hard the coronavirus shutdown will bite the big credit card lenders
(DBN)

Fed’s aid to battered corporate bond market creates ‘winners and losers’
(DBN)

SoftBank’s bet on sharing economy backfires with coronavirus
(DBN)

Banks, hardware stores, liquor stores, and grocery: These businesses are seeing foot-traffic bursts amid the coronavirus pandemic
(DBN)

IMF Seeks G-20 Backing to Boost Reserves to Aid Crisis Fight
(DBN)

Homebound workers are close to overwhelming internet bottlenecks
(DBN)

WeWork Mounts Charm Offensive As Bondholders Run For The Exits
(DBN)

Workers Watching 401(k)s Tumble See Employers Squeeze Them Too
(DBN)

How the rich are self-isolating from the coronavirus
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Retail REITs Quake As The Cheesecake Factory Goes On Strike Simon Property has most exposure to Cheesecake Factory, RBC says
(DBN)

Mortgage rates fall sharply as the Federal Reserve brings stability to the mortgage market Mortgage rates head back down as Federal Reserve becomes major buyer of mortgage-backed securities
(DBN)

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
(DBN)

Why the commercial mortgage bond market looks dire right now
(DBN)

Mnuchin Forms Task Force to Confront Mortgage Firms’ Liquidity
(DBN)

Recording Office Closures Could Stymie Construction Loans, Disrupt Title Commitments
(DBN)

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Municipalities:

Unsecured Puerto Rico creditors want wider delay in bankruptcy
(DBN)

Baltimore population drops below 600,000, the lowest total in a century, census estimates show
(DBN)

'It's just despair': Many Americans face coronavirus with no water to wash their hands
(DBN)

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Oil/Gas:

Seadrill Re-Hires Houlihan in Fresh Debt Restructuring Effort
(DBN)

The World’s on the Brink of Running Out of Places to Put Oil
(DBN)

Gasoline Demand Falls Off a Cliff
(DBN)

US suspends plans to buy oil after funding is left out of $2 trillion stimulus
(DBN)

Canadian Crude Is So Cheap It Costs More to Ship It Than Buy It
(DBN)

2 Reasons Why Midstream Companies Are Not Safe
(DBN)

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Student Debt:

Stimulus bill to delay student loan payments for 6 months—what that means for your credit score
(DBN)

Under stimulus, no student loan forgiveness but a six-month break from payments
(DBN)

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Aerospace:

The Coronavirus Is Starting To Have A Serious Impact On The Space Industry
(DBN)

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Hedge Funds:

Hedge fund titans Simons, Griffin, Cohen and Tepper earned $1 billion in 2019 before virus outbreak
(DBN)

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Entertainment:

AMC Lenders Are Said to Tap Gibson Dunn as Theaters Shutter
(DBN)

As a Virus Upends Hollywood, There May Never Be a Return to Normal
(DBN)

Cirque du Soleil launches online portal for viewing shows, explores bankruptcy in coronavirus shutdown
(DBN)

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Hotels:

New York City Hotels Eyed for Extra Beds in Coronavirus Response
(DBN)

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Mail:

The coronavirus relief bill lets the US Post Office take a page from Amazon's delivery playbook
(DBN)

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Celebs:

These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes
(DBN)

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Rail:

Amtrak is set to get over $1 billion from the coronavirus bailout after its ridership was decimated
(DBN)

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Auto Racing:

Indianapolis 500 postponed until Aug. 23 due to coronavirus
(DBN)

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Tech:

People are starting to declare bankruptcy from coronavirus—but it’s often impossible to do while distancing
(DBN)

Shirt sales are booming at Walmart, and one executive says it's because videoconferencing shoppers only care about looking good from the 'waist up'
(DBN)

CEO of multibillion-dollar company Slack to employees amid coronavirus: ‘Don’t stress about work’
(DBN)

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Distressed Investing:

Marathon Sees Cheap Assets Amid Dislocation in Credit
(DBN)

Lynn Tilton gives up CEO role at MD Helicopters
(DBN)

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Cruise Lines:

Trump: Help for US Flagged Cruise Lines Only
(DBN)

Major cruise lines could be left out of the coronavirus stimulus bailout
(DBN)

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Education:

How coronavirus dramatically changed college for over 14 million students
(DBN)

Nearly 1.4 billion children around globe are out of school. Here's what countries are doing to keep kids learning during pandemic.
(DBN)

After uproar, USDA says parents can pick up school meals without kids present
(DBN)

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Crypto:

Bankruptcy Trustee to Hand Quadriga Users’ Information to Canadian Taxman
(DBN)

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Banking:

Former CEOs’ Pay Docked For Hurting Banks’ Reputations With Scandals Of Which Banks Say They Are Wholly Innocent
(DBN)

Regulators encourage banks, credit unions to offer small-dollar loans amid coronavirus
(DBN)

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Coal:

Settlement Reached in Lawsuit Involving Wyoming Coal Workers
(DBN)

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Corporate Governance:

Directors’ Duties: Contingency Plans
(DBN)

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Fashion:

How 7 Fashion Businesses Are Coping During Coronavirus
(DBN)

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Nonprofits:

Nonprofits Are Losing Support, Threatening Their Survival: Live Updates
(DBN)

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Media:

NBCUniversal CEO Jeff Shell says he has tested positive for the coronavirus
(DBN)

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Trucking:

FactCheck: Commercial truck drivers are being turned away from fast-food restaurants during the COVID-19 pandemic
(DBN)

Truckers Wary of New York Deliveries Create Headache for Grocers
(DBN)

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Electricity:

New York Grid Operators Now Living Onsite to Keep Power Flowing
(DBN)

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Transit:

Scooter Companies Pull Out of Cities Worldwide Amid Pandemic
(DBN)

San Francisco's public transit system is losing $1 million a week and will shut down train service as ridership plummets amid shelter-in-place order
(DBN)

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Autos:

GM temporarily cuts pay by 20% for 69,000 salaried workers amid coronavirus
(DBN)

Auto Giants Across the Globe Warned of Coming ‘Credit Shock’
(DBN)

Ford looks to reopen factories in April, auto union not so sure
(DBN)

Ford's debt gets downgraded to junk by S&P
(DBN)

Fiat Chrysler establishes new credit line of about $3.8 billion
(DBN)

GM Delays Models and Cuts Executive Pay in Cash-Saving Moves
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (2 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 Reform:

Senate Passes Coronavirus Stimulus Bill with Provisions Providing Greater Access to Bankruptcy Relief For Distressed Consumers and Small Businesses
(DBN)

Business Lawyers Look to Amended Bankruptcy Provision in $2 Trillion Stimulus Package
(DBN)

Changes to the Bankruptcy Code Under the CARES Act
(DBN)

NACBA’s Update on Senate COVID-19 Legislation
(DBN)

Troubled Debt Restructuring: Phase 3 Stimulus Bill
(DBN)

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Tax:

Managing the Tax Impact of Debt Restructuring in the Wake of COVID-19
(DBN)

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Miscellaneous:

Some Bankruptcy Considerations for Creditors Due to COVID-19
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Interest:

Contractual interest rate, not equity, applies in bankruptcy court - appellate panel
(DBN)

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Contracts:

COVID-19 Update: Thoughts on Force Majeure and Impossibility of Performance
(DBN)

Dealing with Counterparties and Companies in Financial Distress
(DBN)

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Personal Finance:

What the $2 trillion stimulus means for you — and how the ‘recovery rebates’ to households will be calculated
(DBN)

One chart shows how much cash you should expect from the coronavirus stimulus, based on your salary
(DBN)

The best way to spend your $1,200 stimulus check, according to financial advisers
(DBN)

Some gig economy jobs can provide extra income without having to leave home
(DBN)

Coronavirus forced this couple into a 27-day quarantine amid their honeymoon cruise
(DBN)

How to talk to others about not traveling during the coronavirus pandemic
(DBN)

Stuck working from home? Why it won’t save you much on your taxes
(DBN)

23 small gifts and gestures for friends or family members who are having a hard time self-isolating or social distancing
(DBN)

Experts explain how to safely order takeout and delivery food amid the coronavirus pandemic
(DBN)

I lost 2 service jobs in 1 day to coronavirus and successfully negotiated my rent with my landlord. Here's how I did it.
(DBN)

____________

Retailing:

Art Van Seeks 'Life Support' For Ch. 11 Case Amid Outbreak
(DBN)

Essential? Retailers Like Guitar Center and Michaels Think They Are
(DBN)

Ross, other retailers, start canceling orders, indicating there will be no quick return to business as usual amidst the coronavirus outbreak
(DBN)

Coronavirus pandemic raises concerns that some retailers will run out of cash
(DBN)

Lidl is planning to hire 1,000 US workers. If they contract the coronavirus, Lidl will fully pay for all testing and care, including hospitalizations.
(DBN)

Retailers Say Two Weeks Shut Won't Be Enough, Extend Closures
(DBN)

The Only Certainty Is Uncertainty As Retailers Halt Earnings Guidance
(DBN)

Grocery delivery sales up 60%, FreshDirect CEO says, calling his employees ‘first responders’
(DBN)

Men's Wearhouse parent furloughs all store workers, CEO takes pay cut
(DBN)

Fairway Sells Four Stores Across NYC In Bankruptcy Auction
(DBN)

Amazon worker describes 'living hell' as non-essential orders shipped despite coronavirus lockdown
(DBN)

NY shop Russ & Daughters in ‘uncharted waters’ with coronavirus
(DBN)

Retailers shift production to make masks, gowns for healthcare workers in coronavirus pandemic
(DBN)

‘They’re putting us all at risk’: What it’s like working in Amazon warehouses now
(DBN)

Victoria's Secret reopens its online store but says that workers' shifts in warehouses will be staggered and that they are now required to sit 6 feet apart
(DBN)

San Antonio: Coronavirus pandemic boosts liquor sales, but it may not save Gabriel’s owners from losing control of business
(DBN)

Target is suspending all returns and exchanges for the next 3 weeks
(DBN)

Amazon Says Kentucky Governor Ordered Idling of Returns Facility
(DBN)

Costco takes revenge on hoarders by refusing to accept their toilet paper returns
(DBN)

The largest US supermarket chain shut down a store to the public so it can fill only online orders, and it's a brilliant strategy amid the growing threat of the coronavirus outbreak
(DBN)

8 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns
(DBN)

Will Coronavirus And Social Distancing Create A ‘New Normal’ For Retail?
(DBN)

Amazon Kneecaps Competitors Online
(DBN)

____________

Politics:

Seattle NPR Station Says It Will No Longer Carry Donald Trump’s Coronavirus Briefings Live Because Of Misinformation
(DBN)

Wash. governor clashes with Trump over his leadership on federal coronavirus aid
(DBN)

Leading N.C. Newspaper Says Sen. Burr Should Resign, Cites Lawsuit and SEC Warning
(DBN)

The Coronavirus Isn’t Trump’s Katrina. It’s His Vietnam.
(DBN)

States Begin Prep for Mail-In Voting in Presidential Election
(DBN)

Biden's new ad attacks Trump for repeatedly downplaying the coronavirus outbreak, using the president's own words against him
(DBN)

Fox News host blasted after saying ‘people are dying, and I realize that’ — but ‘women…can’t get their nails done’
(DBN)

Republicans are using a pandemic to push anti-abortion and anti-trans agendas
(DBN)

____________

Religion:

Vatican readies contingency plan against coronavirus in busy papal residence
(DBN)

Orthodox church holds to traditions such as kissing icons as Russia's coronavirus cases rise
(DBN)

____________

Sports:

Pandemic fallout: NCAA slashes distribution by $375 million
(DBN)

Lower league football clubs facing bankruptcy as play remains suspended
(DBN)

NBA to cut salaries of top executives by 20% due to coronavirus outbreak
(DBN)

____________

Fraud:

Federal Bankruptcy Court Grants Class Certification in 1 Global Capital $340 Million Fraud
(DBN)

Lawyer is indicted in alleged Ponzi scheme targeting his clients
(DBN)

Varsity Blues Parents, Lori Loughlin Included, Ask No-Nonsense Judge to Toss Case
(DBN)

____________

Sovereigns:

From coronavirus crisis to sovereign debt crisis
(DBN)

____________

UK:

UK Prime Minister Boris Johnson tests positive for the coronavirus
(DBN)

UK announces emergency measures to help self-employed as coronavirus bites
(DBN)

British Banks Under Fire for High Rates, Conditions on Loan Help
(DBN)

Will The Banks Play Fair On Emergency Loans To SMEs?
(DBN)

Lack of scheme for mid-tier businesses: should the UK Government re-think it’s Covid-19 financial support package?
(DBN)

Mothballing a business: what issues should a business consider if forced to shut down?
(DBN)

Directors’ Duties in the context of Covid-19
(DBN)

CCFF and CBILS – How are we going in week one?
(DBN)

UK police officers are using drones to 'lockdown shame' people for walking their dogs in remote areas during the coronavirus outbreak
(DBN)

U.K. Business Rescue Plan ‘Too Complicated’ to Stop Mass Failure
(DBN)

Directors urge government to relax insolvency rules to save businesses
(DBN)

Britain's lockdown measures might last 6 months and are working - health official
(DBN)

Email mix-up causes Britain to miss EU ventilator buying scheme
(DBN)

The austerity years may soon look like a golden era of opulence
(DBN)

____________

EU:

EU Leaders Struggle to Agree on Way Forward With Economy Tanking
(DBN)

Here’s what Mario Draghi says Europe must do now to prevent coronavirus recession ‘from morphing into a prolonged depression’
(DBN)

____________

PIIGS:

Italy's new coronavirus cases are slowing. How soon until normal life returns?
(DBN)

Italy’s Virus Toll Resumes Surge While EU Bickers Over Response Italy’s coronavirus death toll tops 8,000 as EU fails to present new stimulus
(DBN)

Italy’s virus deaths are more than double that of China’s — this might be why
(DBN)

Coronavirus: Spain says rapid tests from China work 30% of the time
(DBN)

Luxury brand Armani announces that all its Italian factories will be used to make medical overalls for healthcare workers amid shortages
(DBN)

____________

Canada:

Weeks to bankruptcy because of coronavirus pandemic, small businesses ask feds for more help
(DBN)

Trudeau needs to create emergency credit agency: Manitoba Premier
(DBN)

____________

China:

No, China’s economy hasn’t gotten better. The implications could be more serious than investors realize
(DBN)

China to temporarily bar entry of foreigners to stop spread of coronavirus
(DBN)

FactCheck: “China is to blame because the culture where people eat bats and snakes and dogs and things like that"
(DBN)

The Second Virus Shockwave Is Hitting China’s Factories Already
(DBN)

____________

Venezuela:

U.S. indicts Venezuela President Maduro on drug trafficking charges
(DBN)

Maduro indictment just latest step in U.S. high-pressure foreign policy
(DBN)

____________

France:

French Business Mood Plunges by Record on Virus Shutdown
(DBN)

____________

Germany:

Merkel Pleads With Germans for Patience on Lockdown Measures
(DBN)

____________

Africa:

Africa Is Bracing for a Head-On Collision With Coronavirus
(DBN)

____________

MENA:

UAE residents in lockdown call for end to WhatsApp, Facetime ban
(DBN)

____________

Australia:

CERPO Act – Insolvency relief and room to breathe
(DBN)

Australia’s Most Isolated Communities Lock Down to Beat Virus
(DBN)

Additional bankruptcy and personal insolvency statistics
(DBN)

____________

Singapore:

Singapore will jail and fine people who do not keep a 1-meter distance in public
(DBN)

____________

Mexico:

Mexico’s coronavirus-skeptical president is setting up his country for a health crisis
(DBN)

With obesity and diabetes epidemic, Mexico braces for coronavirus
(DBN)

____________

India:

Indian Insolvency Law responds to The COVID-19 Pandemic
(DBN)

I'm one of the 1.3 billion people on lockdown in India, where shoppers are panic-buying, police patrol the streets, and chalk is used to mark social-distancing lines. Here's what it's like in my neighborhood.
(DBN)

____________

Peru:

Peru Broadens Economic Stimulus After Extending Lockdown
(DBN)

____________

South Africa:

South Africa’s Edcon Can’t Pay Suppliers, May Not Re-open
(DBN)

South Africa begins 'unprecedented' military-patrolled lockdown
(DBN)

____________

Asia:

Asia’s Debt-Fueled Boom Threatened By Corporate Credit Meltdown
(DBN)

____________


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