May 12, 2020

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Quinn Emanuel Adjusts Partner Compensation Due To Pandemic Guarding Cash, Quinn Emanuel Hits Pause on Partner Distributions and Rejiggers Draws
(DBN)

Another Am Law 200 Firm Is On-Board With Cost Cutting Measures
(DBN)

Magic Circle Firm Suspends Partner Distributions And Freezes Attorney Pay
(DBN)

Staying Supportive And Involved During The Collective Layoffs Experience
(DBN)

Cost Cuts Spread Across Big Law's Billion-Dollar Club
(DBN)

America’s Corporate Debt Binge Saving Big Law Jobs in Pandemic
(DBN)

Coronavirus Q&A: Bilzin Sumberg's Bankruptcy Leader
(DBN)

Biglaw Firm Fires Staff Member Who Posted ‘Threatening’ Message About Being Forced To Wear COVID-19 Mask
(DBN)

Your Bar Association COVID Board Is Probably Not The Place To Downplay COVID
(DBN)

At Schulte Roth, COVID-19 Pandemic Accelerates New Leadership Goals
(DBN)

With Record Low Pass Rate, Almost Everyone Fails California Bar Exam
(DBN)

Celebrity Law School Commencement Speaker From ‘The Office’ Hopes Graduates Will Sue Him
(DBN)

Partner Shows All The Compassion You’d Expect From Biglaw (Read: None At All)
(DBN)

Sorry, Legal Technologists: The Billable Hour Isn't Going Anywhere Just Yet
(DBN)

Firm fires staffer for ‘no more masks’ social media post that referred to Glock pistol
(DBN)

More than 1,900 former Justice Dept. employees again call for Barr's resignation Nearly 2,000 DOJ alumni call on Barr to resign over Flynn case Former Acting U.S. Solicitor General: ‘Never Seen Anything Like’ Ex-DOJ Lawyers’ Public Backlash Against Barr Bill Barr Twisted My Words in Dropping the Flynn Case. Here’s the Truth. The long list of people who thought Flynn's lies were material Barr’s intervention for Trump allies Flynn, Stone was ‘egregious,’ ex-fed says DOJ Made an Embarrassingly Simple Error in Motion to Dismiss Michael Flynn Case U.S. Attorney For D.C. ‘Borrows’ His Predecessor’s Bar Number For Flynn Filing The latest allegation of William Barr's malfeasance, explained
(DBN)

President Trump Has Weaponized the Justice Department
(DBN)

Barack Obama in on Plot to 'Frame' Michael Flynn, Claims Lawyer
(DBN)

Wall Street Journal: Obama 'eager to distort the truth' about Flynn case
(DBN)

Former Mueller Prosecutor Who Quit Barr's DOJ Over Roger Stone Case Breaks His Silence Top Roger Stone prosecutor slams Barr for influencing cases against Trump allies
(DBN)

Rudy Giuliani Has Accused James Comey of Committing a Crime Punishable by Death
(DBN)

The Forgotten Law That Could Compel Mnuchin to Hand Over Trump’s Tax Returns
(DBN)

US attorney going ‘full throttle’ with review of Russia probe’s origins
(DBN)

Huh? McConnell Moves to Expand Surveillance Powers?
(DBN)

Dershowitz Defends and Criticizes Flynn by Railing Against Entrapment and ‘Fair-Weather Civil Libertarians’
(DBN)

Attorney Arguing SCOTUS ‘Faithless Elector’ Case Says 1796 Election Irregularity Could Repeat in 2020
(DBN)

Colorado restaurant illegally reopens with no social distancing and hundreds of customers Colorado restaurant’s message to customers: If you’re scared to break social-distancing rules, don’t enter
(DBN)

Texas Salon Owner Shelley Luther Admits That She Received PPP Funds Before Court Date
(DBN)

'We’re going bankrupt’: Bar owners planning on holding rally in Austin Tuesday
(DBN)

Caught on camera: Fight breaks out at Target after customers refuse to wear facial covering
(DBN)

Tesla’s California plant reopens despite shutdown order, Elon Musk dares county to arrest him Elon Musk is sending Tesla employees back to work in defiance of a California lockdown. His view of the coronavirus pandemic is dangerously misguided Officials from the Bay Area county where Tesla reopened its factory say they're aware the company violated its lockdown rules and hope it will comply 'without further enforcement'
(DBN)

South Dakota Sioux tribe refuses to take down coronavirus checkpoints despite governor's ultimatum South Dakota governor cuts her own course as she challenges tribes South Dakota tribes defy governor and maintain checkpoints in coronavirus fight
(DBN)

Georgia asks Justice Department to investigate how Ahmaud Arbery case was handled DOJ assessing possible federal hate crime charges in Ahmaud Arbery killing The Ahmaud Arbery Case Is Getting a New Prosecutor, Report Says County Commissioners Claim First District Attorney on Ahmaud Arbery Case Stood in Way of Arrests Killing of Ahmaud Arbery Is Switched to a Fourth Prosecutor Fox News Host Slammed for Asking How to Prevent Ahmaud Arbery Shooting from Becoming a ‘Racial Situation’
(DBN)

Defense Attorney’s Release of Ahmaud Arbery Shooting Video Sparks Legal Ethics Debate Attorney who leaked Ahmaud Arbery 'lynching' video thought it would CLEAR his friends and says if jogger had 'frozen' he'd still be alive, as police debunk suspect's recent burglary claims
(DBN)

Policing empty streets amid coronavirus: Cops are killjoys, bearers of goodwill
(DBN)

‘A Very Convenient Excuse’: Lawyers Say Arizona Officials Are Illegally Withholding Coronavirus Data From Public
(DBN)

Judge Blocks Kentucky’s In-Person Worship Ban: If You Can Social Distance at Home Depot, You Can Social Distance in Church 6th Circuit rules Kentucky church can host in-person services; federal judge allows it statewide
(DBN)

Man Jumped on Wine Truck and Unscrewed Valve to Drink Straight from Tanker, Highway Patrol Says
(DBN)

No Reinstatement For Child Sex Crimes Prosecutor Caught in Sting
(DBN)

Attorney General’s Law License Suspended Over Groping Incident Indiana attorney general is suspended for 30 days for inappropriate touching at party
(DBN)

'Bullseye' Target Found at Nashville NAACP President's Home
(DBN)

The Supreme Court seems likely to give religious employers a broad ability to discriminate
(DBN)

Boy, 5, steals family car in attempt to buy a Lamborghini. Then a man with a Lamborghini shows up at his house.
(DBN)

Jay-Z and Meek Mill sending 10 million surgical masks to U.S. jails and prisons
(DBN)

Supreme Court Weighs Whether Much of Oklahoma Is an Indian Reservation Gorsuch, likely key vote, seems to favor Oklahoma tribe
(DBN)

Couple arrested for hate crime in Brooklyn, allegedly blaming spread of COVID-19 on Jews: Police
(DBN)

North Carolina Sheriff's Deputy Fired, Facing Charges After Allegedly Leading Armed 'Mob' to Black Teen's Home
(DBN)

Photos are trending of armed protesters in North Carolina carrying a rocket launcher, shotguns, and pistols while ordering food at Subway
(DBN)

______________

Judges:

Temporary Suspension of Bankruptcy Cases During Pandemic
(DBN)

Bankruptcy On Ice III – The Freeze Extends Temporary Suspensions of Chapter 11 Cases
(DBN)

Chief Justice Roberts turns down request for probe into federal appeals judge’s retirement
(DBN)

Texas Says Court System Was Subject to Ransomware Attack
(DBN)

Texas Attorneys Defend Judge Who Sentenced Dallas Salon Owner to Jail
(DBN)

______________

Wall Street:

U.S. futures edge lower US stock futures point to a slight gain as investors monitor efforts to reopen the economy
(DBN)

Here’s what happened to the stock market on Monday US stocks closed mixed as investors mull the global economic-reopening situation
(DBN)

Stock-market investors are ‘too optimistic’ over 2020 earnings and the 2021 recovery, strategists say
(DBN)

His fund is already up 34% this year, and there’s more to come if the stock market crashes like he’s predicting
(DBN)

A ‘much more severe’ selloff looms in the stock market, strategist warns
(DBN)

As coronavirus cases grow outside New York, Goldman warns of risks to stock-market rally
(DBN)

Goldman Says Stocks Due for 18% Drop After Rally Driven by FOMO
(DBN)

The stock market's fear gauge slips to its lowest since late February as virus concerns wane
(DBN)

______________

Layoffs:

Fed Paper Says Companies May Automate More Jobs During Pandemic
(DBN)

Private Equity Firm and Owner Face Potential WARN Act Liability in Portfolio Companies’ Chapter 7 Bankruptcies
(DBN)

Judge Sees Lynn Tilton’s Finger-, Studded Leather Jumpsuit-Prints All Over Defunct Ambulance Company
(DBN)

U.S. Department of Labor Secures $1,149,965 in Back Wages in Bankruptcy Court for Hair Salon Workers in 15 States
(DBN)

N.Y. Gov. Andrew Cuomo proposes federal ban on bailouts for companies that lay off employees permanently
(DBN)

Education and Unemployment
(DBN)

Hyatt to lay off 1,300 employees as pandemic cripples travel
(DBN)

______________

Autos:

Mnuchin says he agrees with Musk, California should let Tesla restart production ‘I support Elon Musk’ — AutoNation chairman says US auto plants should reopen California Gov. Newsom says he didn’t know Tesla reopened its factory, defying coronavirus orders Elon Musk says Tesla’s California plant will reopen despite shutdown order Elon Musk Is ‘Not Messing Around’
(DBN)

Elon Musk could save billions in taxes if Tesla moves its headquarters
(DBN)

Detroit’s automakers have enough cash to last the year without a bailout
(DBN)

Hertz reports ‘going concern’ doubts amid swifter cash burn
(DBN)

____________

Coal:

North Dakota’s largest power plant looks set to close as the owner bets on wind energy
(DBN)

____________

Aviation:

Richard Branson to sell up to $500 million in Virgin Galactic shares
(DBN)

____________

Personal Finance:

Consumer advocate Richard Cordray explains how the crisis hurts your bottom line
(DBN)

‘It is part of self-care in a weird way’: The looming recession hasn’t stopped people from making crazy impulse purchases
(DBN)

Child-care centers may be closed but bills keep coming for some parents
(DBN)

____________

Apparel:

Under Armour sales plummet 23% as coronavirus stalls turnaround plans
(DBN)

____________

Nursing Homes:

Nursing Homes’ Unclear Death Toll Has States Testing Corpses
(DBN)

27,000 Nursing Home Deaths and Counting
(DBN)

____________

Theme Parks:

Shanghai Disney attendance will increase by 5,000 per week, CEO Bob Chapek says
(DBN)

White House trade adviser is NOT happy Disneyland just reopened in China but remains closed in California
(DBN)

____________

Hotels:

Marriott Sees Business Collapse in April With Travelers Home
(DBN)

____________

Parking:

One of D.C.'s largest parking management firms seeks bankruptcy protection
(DBN)

____________

Construction:

Bankruptcy on a Construction Project: Coronavirus Edition
(DBN)

____________

Retailing:

Luxury Industry Not Expected to Recover From Coronavirus Until 2022
(DBN)

Neiman Marcus must survive both bankruptcy and COVID-19
(DBN)

The biggest US mall owner plans to have 50% of its centers reopened this week
(DBN)

Houston-based department store owner files for bankruptcy protection, CFO to leave
(DBN)

The executive in charge of Amazon's 1 million warehouse and delivery workers said the number of employees infected with coronavirus is not a 'useful number'
(DBN)

More than 3,000 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
(DBN)

What the Bankruptcy Onslaught Means for the Future of Retail
(DBN)

J.C. Penney: Bankruptcy Could Wipe Out Long-Term Creditors
(DBN)

____________

Movie Theaters:

Amazon Reportedly Eyeing Beleaguered AMC Theatres
(DBN)

____________

Politics:

The money is on Trump Majority of Millionaires Plan to Vote for Biden but Expect Trump to Win
(DBN)

54% of participants in a new poll cited the Trump administration as a source of misinformation on the coronavirus
(DBN)

Bill Gates warned Trump about pandemic before he took office: report
(DBN)

Trump Accused Obama of Committing a Crime, But Left the Details Up to Your Imagination
(DBN)

Trump Storms Out of Press Conference
(DBN)

Poll: Majority Disapprove of Coronavirus Protests The private militias providing “security” for anti-lockdown protests, explained
(DBN)

What the Newest Polls Say About a Joe Biden vs. Donald Trump Matchup
(DBN)

The Race Between Republicans and Democrats to Control the Senate Is a Dead Heat
(DBN)

Why Donald Trump's idea that he saved millions of lives is laughable
(DBN)

AP Fact Check: Trump's Perfect China 'Ban,' Death Toll Myths
(DBN)

CBS's Weijia Jiang calls Trump out on China coronavirus remarks
(DBN)

Kamala emerges as early Biden VP favorite as sting of debate attack fades
(DBN)

Melinda Gates Offers Harsh Criticism Of Trump’s Response, Handling Of Coronavirus
(DBN)

How accurate is Trump’s rosy picture of the spread of the coronavirus?
(DBN)

Warren warns coronavirus 'poses a threat to free and fair elections'
(DBN)

____________

Economy:

The Fed's Kashkari issues a grim outlook for US jobs, and urges more assistance from Congress: 'The worst is yet to come'
(DBN)

The Terrible Jobs Report Gets Worse The More You Read It
(DBN)

Pre-COVID-19 Data Shows Total Household Debt Increased in Q1 2020"
(DBN)

Why the New York Times is calling this downturn a ‘shecession’
(DBN)

'Painfully evident' damage: Deutsche Bank now thinks the US economy will shrink by nearly 40% in the 2nd quarter following coronavirus lockdowns
(DBN)

Tudor Jones: This will be the ‘Second Depression’ if we remain in lockdown in a year
(DBN)

Fed has made corporate-bond market ‘too big to fail,’ says Guggenheim’s Minerd Fed says it will start buying corporate-bond ETFs on Tuesday
(DBN)

Here’s a $4 trillion reason why the U.S. is unlikely to have negative interest rates
(DBN)

Negative interest rates are coming to the US, a CIO overseeing $270 billion says
(DBN)

Factories close for good as coronavirus cuts demand
(DBN)

Americans See Worse Finances, Higher Stock Prices in Fed Survey
(DBN)

Trillions Are Flowing to Private Assets on Recession Front Line
(DBN)

Covid 19 Reversing Decades of Global Progress
(DBN)

The stock rally is signaling an ‘abnormal’ economic recovery, not a V-shaped coronavirus rebound
(DBN)

Here’s what a rebound from the coronavirus recession might look like based on data since 1950—hint: U-shaped recoveries ‘really never happen’
(DBN)

A Commonsense View Of The Shape Of The Recovery
(DBN)

The U.S. economy may be in for a ‘square root’–shaped recovery — and you won’t like it any more than algebra class
(DBN)

It’s ‘wishful thinking’ to believe the economy will get back to normal soon, says winner of Forecaster of the Month contest
(DBN)

Why Economic Pain Could Persist Even After the Pandemic Is Contained
(DBN)

‘Feels like we’re at the bottom’: Some executives see signs of recovery in April
(DBN)

Restart or re-stop? Countries reopen amid second-wave fears
America is not ready to reopen States are opening up. Scientists fear this isn’t going to end well New York to open certain low-risk businesses statewide this week US death toll nears 80,000, WHO warns of more cases after lockdowns lifted WHO warns that coronavirus cases have jumped in countries that eased lockdowns Mark Cuban: White House coronavirus safeguards need to be ‘national standard’ How two states' reopening plans have one town caught in the middle More People Say They Would Attend Small Gatherings As States Reopen South Korea’s new coronavirus cases show the perils of reopening ‘It’s scary to go to work’ at the White House or Senate — making it tricky for Trump to argue Americans should return to work ‘It looked like the Fourth of July’: Florida beach reopens for a day New York City could begin to ease coronavirus restrictions in June Seal Beach joins other Orange County beaches in reopening for active recreation Trump wades into Pennsylvania coronavirus plan, governor pushes back This is what Mark Cuban needs to see before he’s comfortable with the U.S. economy opening up again A majority of Americans say reopening the country from coronavirus restrictions isn’t worth the risks Fauci to warn of 'needless suffering and death' during congressional testimony on 'the danger of trying to open the country prematurely' 8 worrying things about the US reopening that are keeping Americans up at night
(DBN)

Mnuchin warns of ‘permanent economic damage’ if U.S. doesn’t reopen soon
(DBN)

This chart shows the most open economies after the coronavirus lockdowns
(DBN)

Wearing masks in White House West Wing now mandatory Face masks becoming latest culture-war front as Trump says his wearing one would ‘send the wrong message’
(DBN)

Risk of reopening US economy too fast: A W-shaped recovery
(DBN)

Why these economists say the recovery will be L-shaped
(DBN)

Biden calls out Trump for testing his staff while telling Americans testing isn’t necessary Trump says U.S. on track for 10 million coronavirus tests
(DBN)

Top scientist who battled COVID-19 says we will never live normally without vaccine
(DBN)

Mnuchin says he’s comfortable spending so much because of very low rates
(DBN)

McConnell brushes off fifth coronavirus bill as Democrats prepare massive plan U.S. House postpones new $1T coronavirus relief vote until Friday ‘No Rush’ On The Next Stimulus Package
(DBN)

Strip clubs, other 'disfavored' businesses entitled to emergency loans in pandemic -U.S. judge
(DBN)

George Soros: Coronavirus endangers our civilisation
(DBN)

House will not vote on its next coronavirus relief bill before Friday
(DBN)

130 million stimulus checks have been sent. Which states got the most money IRS has paid out over $218 billion in stimulus checks
(DBN)

14 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses
(DBN)

Essential workers in this coronavirus-damaged economy need money as well as applause
(DBN)

Coronavirus crisis could see wealth taxes implemented around the world, economist claims
(DBN)

The moving goalposts for PPP loans
(DBN)

Bartering is back: When life gives you lemons, trade them for a neighbor's hand sanitizer
(DBN)

Trump may let workers take Social Security early for reduced payments later
(DBN)

7 Reasons Stock Buybacks Should be Illegal
(DBN)

Coronavirus Will Wipe Out These Three Industries For Good
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

As states reopen, homebuyers rush back out, but sellers are staying on the sidelines Mortgage rates rise from record lows — and signs are emerging that Americans are preparing to re-enter the home-buying market
(DBN)

Almost 4 Million Mortgages in Forbearance MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 7.91%" of Portfolio Volume
(DBN)

How the coronavirus pandemic could forever change home buying and mortgage lending
(DBN)

Vacation real-estate markets are ‘toast’ because of the pandemic as Airbnb owners rush to offload their homes, Redfin CEO says
(DBN)

The long-term impact of unpaid rent
(DBN)

____________

Municipalities:

As Mitch McConnell Suggests State Bankruptcies Over Bailouts, Kentucky Has Largest Share of Unemployed In U.S
(DBN)

Tax-Averse Nashville Goes Where Few Other Cash-Poor Cities Dare
(DBN)

These Companies Got Millions in Tax Breaks to Bring Jobs to Youngstown. They Created Next to None.
(DBN)

Western Governors Lobby Feds for $1 Trillion to Stanch Covid Losses
(DBN)

N.J. financial disaster from coronavirus ‘will be on our doorstep in just a few weeks,’ Murphy says
(DBN)

____________

Oil/Gas:

Energy Explosion: 10 Trends to Watch in Energy Restructuring
(DBN)

Why Is Anyone Drilling Shale at All These Days?
(DBN)

Saudi’s production cuts show it is back in ‘whatever it takes’ mode, strategist says
(DBN)

Top Shale Producer Stops Most Fracking Harold Hamm’s Continental Is Curtailing 70% of Oil Output in May
(DBN)

Chesapeake Energy warns it may not be able to stay in business Chesapeake Energy considers bankruptcy after losing more than $8 billion in first quarter of 2020 Chesapeake Energy memo shows bankruptcy protection could be in company's future Shale pioneer Chesapeake considers bankruptcy filing after oil rout Will Shale Giant Chesapeake Go Bankrupt?
(DBN)

Weatherford back in the red months after emerging from bankruptcy
(DBN)

Oil turns positive as Saudi Arabia says it will cut production Saudis to make further oil supply cut to ‘encourage’ peers Oil jumps on Saudi Arabia's plan to cut output to 18-year low Oil prices settle lower, even as Saudi Arabia announces additional June output cut
(DBN)

Big Oil, Investors Expected a Crash
(DBN)

Hottest U.S. Solar Market Fizzles, an Unlikely Oil-Bust Casualty
(DBN)

Singapore oil trader ZenRock owes more than $600 mln
(DBN)

____________

Healthcare:

Why some hospitals are closing
(DBN)

Why US hospitals are going bankrupt
(DBN)

Rural Hospitals May Be an Unforeseen Casualty of COVID-19
(DBN)

It may be time to nationalize US hospitals
(DBN)

Treating coronavirus is draining hospital coffers of millions and threatening resources
(DBN)

How rural hospitals could go bankrupt buying ventilators
(DBN)

Unreleased White House report shows coronavirus rates spiking in heartland communities
(DBN)

Most major health insurers aren’t charging patients for coronavirus treatment — but that doesn’t mean it’s free
(DBN)

CDC finds New York City coronavirus death toll may be worse than official tally CDC finds 5,000 more deaths in NYC than official coronavirus toll
(DBN)

The pandemic's disruption of key health procedures could prove deadly
(DBN)

Coronavirus inflammatory syndrome is causing heart and kidney failure in kids
(DBN)

100 Dead in Navajo Nation as Coronavirus Spreading at 'Alarming Rate'
(DBN)

Covid 19 Expert: It Keeps Going and Going
(DBN)

CityMD mistakenly told 15,000 people with coronavirus antibodies they’re immune
(DBN)

Gilead's COVID-19 drug seen in short supply for Americans
(DBN)

Drug touted by Trump doesn’t help coronavirus patients, but it can raise heart attack risk
(DBN)

Coronavirus patients discharged from hospitals report ‘long struggle,’ WHO says
(DBN)

South Korea's new outbreak should be a warning
(DBN)

Palm Beach is new escape for New Yorkers looking to dodge coronavirus
(DBN)

Coronavirus found in human feces more than a month after patient tests negative
(DBN)

In one of the world's largest slums, the fight against the coronavirus has turned into a struggle to survive
(DBN)

Strangeness of the day: For Americans, an in-between moment
(DBN)

Iceland had the most-downloaded contact-tracing app for its population size. Authorities there say it hasn't made much difference.
(DBN)

____________

Agribusiness:

Farmers' hopes for respite from Trump-era struggles fade amid pandemic
(DBN)

____________

Climate:

Ominous trend in American West could signal a looming "megadrought"
(DBN)

____________

Hotels:

Marriott's stock falls after profit misses by wide margin but revenue beats
(DBN)

____________

Television:

TV cord cutting spikes amid stay-at-home orders
(DBN)

____________

Buses:

Industry plans to roll 400 buses through DC to call for relief
(DBN)

____________

Education:

Reopening schools: Whether to test students and families for coronavirus is the big question
(DBN)

The NYU professor who predicted WeWork's failed IPO says college is about to change forever — and expensive schools could close for good
(DBN)

____________

Sports:

MLB owners approve plan to start season in July
(DBN)

MSG Sports swings to loss as pro sports seasons suspended, while revenue falls less than expected
(DBN)

Coronavirus puts youth sports on pause
(DBN)

Dr. Fauci Says Football Is Perfect Environment to Spread Coronavirus
(DBN)

____________

Cruise Lines:

Crew members stage hunger strike to get cruise lines to send them home
(DBN)

____________

Travel:

Return to travel will be ‘regional and sporadic,’ Choice Hotels CEO says
(DBN)

____________

Non-Profits:

YMCA CEO seeks $60 billion for nonprofits and aid for youth sports
(DBN)

____________

Telecoms:

Windstream Holdings targets late August for end of Chapter 11 bankruptcy
(DBN)

____________

Debt Collection:

Consumer advocate Richard Cordray fears rise of ‘vehement’ debt collectors amid pandemic
(DBN)

____________

Brands:

A Financial Virus Is Killing Our Favorite Brands
(DBN)

____________

Gambling:

‘Cabin fever’ leads to big reopening weekend for South Dakota casinos
(DBN)

____________

Economy:

The Fed's Kashkari issues a grim outlook for US jobs, and urges more assistance from Congress: 'The worst is yet to come'
(DBN)

The Terrible Jobs Report Gets Worse The More You Read It
(DBN)

Pre-COVID-19 Data Shows Total Household Debt Increased in Q1 2020"
(DBN)

Why the New York Times is calling this downturn a ‘shecession’
(DBN)

'Painfully evident' damage: Deutsche Bank now thinks the US economy will shrink by nearly 40% in the 2nd quarter following coronavirus lockdowns
(DBN)

Tudor Jones: This will be the ‘Second Depression’ if we remain in lockdown in a year
(DBN)

Fed has made corporate-bond market ‘too big to fail,’ says Guggenheim’s Minerd Fed says it will start buying corporate-bond ETFs on Tuesday
(DBN)

Here’s a $4 trillion reason why the U.S. is unlikely to have negative interest rates
(DBN)

Negative interest rates are coming to the US, a CIO overseeing $270 billion says
(DBN)

Factories close for good as coronavirus cuts demand
(DBN)

Americans See Worse Finances, Higher Stock Prices in Fed Survey
(DBN)

Trillions Are Flowing to Private Assets on Recession Front Line
(DBN)

Covid 19 Reversing Decades of Global Progress
(DBN)

The stock rally is signaling an ‘abnormal’ economic recovery, not a V-shaped coronavirus rebound
(DBN)

Here’s what a rebound from the coronavirus recession might look like based on data since 1950—hint: U-shaped recoveries ‘really never happen’
(DBN)

A Commonsense View Of The Shape Of The Recovery
(DBN)

The U.S. economy may be in for a ‘square root’–shaped recovery — and you won’t like it any more than algebra class
(DBN)

It’s ‘wishful thinking’ to believe the economy will get back to normal soon, says winner of Forecaster of the Month contest
(DBN)

Why Economic Pain Could Persist Even After the Pandemic Is Contained
(DBN)

‘Feels like we’re at the bottom’: Some executives see signs of recovery in April
(DBN)

Restart or re-stop? Countries reopen amid second-wave fears
America is not ready to reopen States are opening up. Scientists fear this isn’t going to end well New York to open certain low-risk businesses statewide this week US death toll nears 80,000, WHO warns of more cases after lockdowns lifted WHO warns that coronavirus cases have jumped in countries that eased lockdowns Mark Cuban: White House coronavirus safeguards need to be ‘national standard’ How two states' reopening plans have one town caught in the middle More People Say They Would Attend Small Gatherings As States Reopen South Korea’s new coronavirus cases show the perils of reopening ‘It’s scary to go to work’ at the White House or Senate — making it tricky for Trump to argue Americans should return to work ‘It looked like the Fourth of July’: Florida beach reopens for a day New York City could begin to ease coronavirus restrictions in June Seal Beach joins other Orange County beaches in reopening for active recreation Trump wades into Pennsylvania coronavirus plan, governor pushes back This is what Mark Cuban needs to see before he’s comfortable with the U.S. economy opening up again A majority of Americans say reopening the country from coronavirus restrictions isn’t worth the risks Fauci to warn of 'needless suffering and death' during congressional testimony on 'the danger of trying to open the country prematurely' 8 worrying things about the US reopening that are keeping Americans up at night
(DBN)

Mnuchin warns of ‘permanent economic damage’ if U.S. doesn’t reopen soon
(DBN)

This chart shows the most open economies after the coronavirus lockdowns
(DBN)

Wearing masks in White House West Wing now mandatory Face masks becoming latest culture-war front as Trump says his wearing one would ‘send the wrong message’
(DBN)

Risk of reopening US economy too fast: A W-shaped recovery
(DBN)

Why these economists say the recovery will be L-shaped
(DBN)

Biden calls out Trump for testing his staff while telling Americans testing isn’t necessary Trump says U.S. on track for 10 million coronavirus tests
(DBN)

Top scientist who battled COVID-19 says we will never live normally without vaccine
(DBN)

Mnuchin says he’s comfortable spending so much because of very low rates
(DBN)

McConnell brushes off fifth coronavirus bill as Democrats prepare massive plan U.S. House postpones new $1T coronavirus relief vote until Friday ‘No Rush’ On The Next Stimulus Package
(DBN)

Strip clubs, other 'disfavored' businesses entitled to emergency loans in pandemic -U.S. judge
(DBN)

George Soros: Coronavirus endangers our civilisation
(DBN)

House will not vote on its next coronavirus relief bill before Friday
(DBN)

130 million stimulus checks have been sent. Which states got the most money IRS has paid out over $218 billion in stimulus checks
(DBN)

14 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses
(DBN)

Essential workers in this coronavirus-damaged economy need money as well as applause
(DBN)

Coronavirus crisis could see wealth taxes implemented around the world, economist claims
(DBN)

The moving goalposts for PPP loans
(DBN)

Bartering is back: When life gives you lemons, trade them for a neighbor's hand sanitizer
(DBN)

Trump may let workers take Social Security early for reduced payments later
(DBN)

7 Reasons Stock Buybacks Should be Illegal
(DBN)

Coronavirus Will Wipe Out These Three Industries For Good
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

As states reopen, homebuyers rush back out, but sellers are staying on the sidelines Mortgage rates rise from record lows — and signs are emerging that Americans are preparing to re-enter the home-buying market
(DBN)

Almost 4 Million Mortgages in Forbearance MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 7.91%" of Portfolio Volume
(DBN)

How the coronavirus pandemic could forever change home buying and mortgage lending
(DBN)

Vacation real-estate markets are ‘toast’ because of the pandemic as Airbnb owners rush to offload their homes, Redfin CEO says
(DBN)

The long-term impact of unpaid rent
(DBN)

____________

Municipalities:

As Mitch McConnell Suggests State Bankruptcies Over Bailouts, Kentucky Has Largest Share of Unemployed In U.S
(DBN)

Tax-Averse Nashville Goes Where Few Other Cash-Poor Cities Dare
(DBN)

These Companies Got Millions in Tax Breaks to Bring Jobs to Youngstown. They Created Next to None.
(DBN)

Western Governors Lobby Feds for $1 Trillion to Stanch Covid Losses
(DBN)

N.J. financial disaster from coronavirus ‘will be on our doorstep in just a few weeks,’ Murphy says
(DBN)

____________

Oil/Gas:

Energy Explosion: 10 Trends to Watch in Energy Restructuring
(DBN)

Why Is Anyone Drilling Shale at All These Days?
(DBN)

Saudi’s production cuts show it is back in ‘whatever it takes’ mode, strategist says
(DBN)

Top Shale Producer Stops Most Fracking Harold Hamm’s Continental Is Curtailing 70% of Oil Output in May
(DBN)

Chesapeake Energy warns it may not be able to stay in business Chesapeake Energy considers bankruptcy after losing more than $8 billion in first quarter of 2020 Chesapeake Energy memo shows bankruptcy protection could be in company's future Shale pioneer Chesapeake considers bankruptcy filing after oil rout Will Shale Giant Chesapeake Go Bankrupt?
(DBN)

Weatherford back in the red months after emerging from bankruptcy
(DBN)

Oil turns positive as Saudi Arabia says it will cut production Saudis to make further oil supply cut to ‘encourage’ peers Oil jumps on Saudi Arabia's plan to cut output to 18-year low Oil prices settle lower, even as Saudi Arabia announces additional June output cut
(DBN)

Big Oil, Investors Expected a Crash
(DBN)

Hottest U.S. Solar Market Fizzles, an Unlikely Oil-Bust Casualty
(DBN)

Singapore oil trader ZenRock owes more than $600 mln
(DBN)

____________

Healthcare:

Why some hospitals are closing
(DBN)

Why US hospitals are going bankrupt
(DBN)

Rural Hospitals May Be an Unforeseen Casualty of COVID-19
(DBN)

It may be time to nationalize US hospitals
(DBN)

Treating coronavirus is draining hospital coffers of millions and threatening resources
(DBN)

How rural hospitals could go bankrupt buying ventilators
(DBN)

Unreleased White House report shows coronavirus rates spiking in heartland communities
(DBN)

Most major health insurers aren’t charging patients for coronavirus treatment — but that doesn’t mean it’s free
(DBN)

CDC finds New York City coronavirus death toll may be worse than official tally CDC finds 5,000 more deaths in NYC than official coronavirus toll
(DBN)

The pandemic's disruption of key health procedures could prove deadly
(DBN)

Coronavirus inflammatory syndrome is causing heart and kidney failure in kids
(DBN)

100 Dead in Navajo Nation as Coronavirus Spreading at 'Alarming Rate'
(DBN)

Covid 19 Expert: It Keeps Going and Going
(DBN)

CityMD mistakenly told 15,000 people with coronavirus antibodies they’re immune
(DBN)

Gilead's COVID-19 drug seen in short supply for Americans
(DBN)

Drug touted by Trump doesn’t help coronavirus patients, but it can raise heart attack risk
(DBN)

Coronavirus patients discharged from hospitals report ‘long struggle,’ WHO says
(DBN)

South Korea's new outbreak should be a warning
(DBN)

Palm Beach is new escape for New Yorkers looking to dodge coronavirus
(DBN)

Coronavirus found in human feces more than a month after patient tests negative
(DBN)

In one of the world's largest slums, the fight against the coronavirus has turned into a struggle to survive
(DBN)

Strangeness of the day: For Americans, an in-between moment
(DBN)

Iceland had the most-downloaded contact-tracing app for its population size. Authorities there say it hasn't made much difference.
(DBN)

____________

Agribusiness:

Farmers' hopes for respite from Trump-era struggles fade amid pandemic
(DBN)

____________

Climate:

Ominous trend in American West could signal a looming "megadrought"
(DBN)

____________

Hotels:

Marriott's stock falls after profit misses by wide margin but revenue beats
(DBN)

____________

Television:

TV cord cutting spikes amid stay-at-home orders
(DBN)

____________

Buses:

Industry plans to roll 400 buses through DC to call for relief
(DBN)

____________

Education:

Reopening schools: Whether to test students and families for coronavirus is the big question
(DBN)

The NYU professor who predicted WeWork's failed IPO says college is about to change forever — and expensive schools could close for good
(DBN)

____________

Sports:

MLB owners approve plan to start season in July
(DBN)

MSG Sports swings to loss as pro sports seasons suspended, while revenue falls less than expected
(DBN)

Coronavirus puts youth sports on pause
(DBN)

Dr. Fauci Says Football Is Perfect Environment to Spread Coronavirus
(DBN)

____________

Cruise Lines:

Crew members stage hunger strike to get cruise lines to send them home
(DBN)

____________

Travel:

Return to travel will be ‘regional and sporadic,’ Choice Hotels CEO says
(DBN)

____________

Non-Profits:

YMCA CEO seeks $60 billion for nonprofits and aid for youth sports
(DBN)

____________

Telecoms:

Windstream Holdings targets late August for end of Chapter 11 bankruptcy
(DBN)

____________

Debt Collection:

Consumer advocate Richard Cordray fears rise of ‘vehement’ debt collectors amid pandemic
(DBN)

____________

Brands:

A Financial Virus Is Killing Our Favorite Brands
(DBN)

____________

Gambling:

‘Cabin fever’ leads to big reopening weekend for South Dakota casinos
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2020