May 7, 2020

The Daily Bankruptcy News

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Law:

Law Firms Gear Up for Expected Jump in Bankruptcies Triggered by Coronavirus
(DBN)

McKool Smith Welcomes Bankruptcy Veteran John Sparacino in Houston
(DBN)

The Coronavirus Takes Hold of the Legal Industry
(DBN)

Despite Reopenings, Florida Firms Aren't Rushing Back to the Office
(DBN)

More Nixon Peabody Cost-Cutting Measures. This Time Associate Salaries Are On The Chopping Block.
(DBN)

Mayer Brown Cuts Nonequity Lawyer, Staff Salaries Amid Coronavirus Uncertainty
(DBN)

Hogan Lovells Cuts Attorney Comp After Delaying Partner Distributions
(DBN)

Eversheds Cuts Compensation, Furloughs Staff as Firm Prepares for Less Work Ahead
(DBN)

Top 10 Biglaw Firm Is Cutting Attorney Salaries As Part Of COVID-19 Austerity
(DBN)

Top 20 Am Law Firm Cuts Pay For All Due To COVID Crisis
(DBN)

From Canceled to 'Business as Usual,' Law Firms Go Their Own Way on Summer Associate Programs
(DBN)

Kirkland Extends Offers to Summer Associates, Shortens Program
(DBN)

Data From Hundreds of Law Firms Left 'Exposed' On Open Platform
(DBN)

How COVID-19 Is Impacting Law Firm Business Development
(DBN)

Midsize law firm strategies for strengthening client relationships during the COVID-19 crisis
(DBN)

Florida Schedules July Bar Exam, With No Plans for September Test • Florida announces plans for July bar exam with masks and thermometers
(DBN)

An insider’s guide to succeeding in law school?—even during the COVID-19 pandemic
(DBN)

The Law Schools That Offer Students The Most Help With Tuition
(DBN)

Next Fall, Replace The Third Year Of Law School With A One-Year Internship
(DBN)

Ector County SWAT team raids bar for protesting to reopen
(DBN)

Meet the Small-Town Lawyer Squaring Off With Illinois' Governor Over COVID-19 Lockdown
(DBN)

Man Arrested After Fight Over Lack Of Coronavirus Social Distancing
(DBN)

Top officials around the world keep getting caught breaking lockdown rules
(DBN)

Michigan barber will defy coronavirus restrictions ‘until Jesus walks in’ because Gov. Whitmer is not his mom
(DBN)

Dallas hair salon owner chooses to go to jail rather than close her doors
(DBN)

Kentucky’s Covid-19 Travel Ban Ruled Unconstitutional
(DBN)

Wisconsin Supreme Court Goes Full Korematsu. You Never Go Full Korematsu.
(DBN)

Despite Justice Alito’s Initial Curiosity, SCOTUS Won’t Stop Democratic Governor’s Coronavirus Shutdown •
(DBN)

Republican Lawmakers Sue Washington Gov. Inslee Over Stay at Home Extension
(DBN)

U.S. citizens locked out of stimulus payments turn to federal courts
(DBN)

Two arrested for allegedly violating Emergency Management Plan
(DBN)

America's coronavirus divide is reflected in two New Mexico mayors. One asked for a lockdown. The other defied orders.
(DBN)

Shocking video shows white cop repeatedly beating a black man while another pins him to the ground 'for not following social distancing rules'
(DBN)

US Police Prepared for the Wrong Enemy
(DBN)

Gov. Abbott calls for the release of woman who reopened salon despite . . . his virus orders?
(DBN)

Federal court bans ‘church’ from selling bleach as miracle COVID-19 cure
(DBN)

Trump order to paint border wall black could drive up cost $500 million or more
(DBN)

Suspension sought for lawyer who lobbed insults, citing Trump; he also accused judge of ‘robe rage’
(DBN)

'Hunted Down Like an Animal': Graphic Video of Ahmaud Arbery's Death Sparks Calls for Arrests • He was lynched! Parents of unarmed black jogger, 25, shot and killed by two white men question why the 'vigilantes' haven't been arrested as LeBron James and Joe Biden lead calls demanding justice • Georgia family demands arrests 2 months after son shot dead • Joe Biden Says Ahmaud Arbery Was 'Killed in Cold Blood' • The killing of Ahmaud Arbery, an unarmed black jogger in Georgia, explained • Georgia shooting case will go to grand jury as disturbing video surfaces online • Georgia: Killing a Young Black Man for Jogging
(DBN)

To Fight Virus in Prisons, C.D.C. Suggests More Screenings
(DBN)

Jail Inmate Switched Identities With Another Inmate, Was Released From Jail While Wearing Mask
(DBN)

How terrorist groups and gangs are responding to the coronavirus crisis
(DBN)

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Judges:

BK NH Seeks Term Law Clerk
(DBN)

BK MD PA Seeks Judicial Law Clerk
(DBN)

Justices move on to 2nd set of phone arguments, RBG phones in from hospital • Ruth Bader Ginsburg destroys Trump solicitor general in live hearing from her hospital bed
(DBN)

Supreme Court Oral Arguments Include Toilet Flush In World’s Greatest Metaphor • That Awkward Moment When a Toilet Flushes During Supreme Court Oral Arguments • The flush heard around the country • Justice can't be muted? Flushing sound heard on Supreme Court conference call
(DBN)

Trump's judicial nominee clashes with Democrats over his comments critical of health care law
(DBN)

Supreme Court Justice’s Coronavirus Vaccine Hypothetical Could Be a Window into the Future
(DBN)

Northern District of Georgia Turns to Zoom as Proceedings Go Remote
(DBN)

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Wall Street:

Stock futures jump as Wall Street awaits latest jobless claims numbers
(DBN)

Bill Ackman turned $27 million into $2.6 billion as the coronavirus ravaged markets. Here are 12 of his most insightful quotes.
(DBN)

Why the stock market is fine when everything else is not
(DBN)

Wall Street is too optimistic as economies start reopening, Stephen Roach warns
(DBN)

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Layoffs:

Hispanics are almost twice as likely as whites to lose their jobs amid coronavirus pandemic
(DBN)

MGM Resorts furloughs could turn into 63,000 layoffs Aug. 31
(DBN)

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.
(DBN)

Uber to lay off 14% of workforce • 3,700 jobs, adding to a growing number of tech layoffs
(DBN)

The layoffs at Airbnb cast a dark shadow over Silicon Valley
(DBN)

Natural History Museum Slashing Staff With Layoffs and Furloughs
(DBN)

Huge Layoffs In the Wings for Major Airlines
(DBN)

FDNY responds to de Blasio potentially laying off frontline coronavirus workers over revenue shortfalls
(DBN)

______________

Art:

Paddle 8 Creditors Battle Over Scope of New York Consignment Law
(DBN)

Banksy Honors Healthcare Workers With 'Game Changer' Artwork
(DBN)

____________

Summer Camps:

Galileo Learning Files In BK ND CA - First Day Dec
(DBN)

____________

Tech:

Uber to cut 3,700 jobs, adding to a growing number of tech layoffs
(DBN)

____________

Personal Finance:

'I gave up on being Superwoman': Juggling jobs and child care is testing moms in unprecedented ways
(DBN)

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Food/Beverage:

Small Restaurants Struggle to Stay Afloat
(DBN)

'The more you come to work the more exposure you have:' A work-while-sick culture leaves meat plant employees fearing for their lives during the pandemic
(DBN)

Perdue Says U.S. Meatpacking Plants Should Reopen Within 10 Days
(DBN)

As the US meat supply chain crumbles under pandemic pressure, Impossible and plant-based protein companies are rushing to fill the void
(DBN)

The American meat shortage is pushing prices to unprecedented heights — here's how it could affect your grocery bill
(DBN)

____________

Telecoms:

77 cell phone towers have been set on fire so far due to a weird coronavirus 5G conspiracy theory
(DBN)

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Climate:

The push for post-coronavirus telework to help fight climate change
(DBN)

____________

Religion:

Cardinal Pell Know of Clergy Abuse for Decades
(DBN)

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Cruise Lines:

Norwegian Cruise Line raises $2 billion to avert trip to bankruptcy court
(DBN)

____________

Dairy:

Pandemic fallout is severely threatening US dairy farms
(DBN)

____________


Economy:

Bank of America forecasts a 'shocking' 22 million jobs lost in April, unemployment spike to 15%
(DBN)

ADP: Private Employment decreased 20,236,000 in April • ADP's April private jobs report shows worst losses in its history
(DBN)

The U.S. economy may already have clawed back 5 million jobs, despite what the April jobs report will show
(DBN)

Trump Keeps Fighting to Kill Social Security
(DBN)

April jobs data to show epic losses and soaring unemployment
(DBN)

BlackRock's Fink Warns of 29% Corporate Tax, Mass Bankruptcies
(DBN)

Gloom grips US small businesses, with 52% predicting failure
(DBN)

42 Public Companies Return SBA Loans
(DBN)

Hundreds of earnings calls show companies more scared than 2008
(DBN)

Friday's jobs report will be 'one of the worst ever,' St. Louis Fed President Bullard says
(DBN)

The US Treasury reopens its 20-year bond to help fund $3 trillion in 2nd-quarter borrowing • U.S. Debt Sales to Hit Record With Deficit Headed to $4 Trillion
(DBN)

New Coronavirus Stimulus Proposal Would Extend $600 Unemployment Checks
(DBN)

House Democrats Pushing Ahead With Possible Aid Vote Next Week
(DBN)

Emerging Virus Aid Bill Aims to Help Cities, Postal Service
(DBN)

US Debt is Exploding Over Coronavirus
(DBN)

If coronavirus predictions keep changing, what good are they?
(DBN)

None of the states starting to reopen have met White House guidelines, researcher says • 2nd, 3rd waves of pandemic now likely • Trump: Deaths are the Price of Reopening • Arizona halts work of experts predicting a later peak • Texas Governor Admits Dangers of Reopening State on Private Call With Lawmakers • NY Governor Cuomo Urges America to Reconsider Reopening as New Coronavirus Model Doubles Deaths • National parks start to reopen as agency 'worst case scenario' projects staff hospitalizations • Las Vegas mayor’s approval swirls down the drain after she demands casinos reopen during pandemic • Illinois Five Phase Reopening Plan Explained • GOP Pushes Local Leaders to Relax Social Distancing for States to Reopen • People are giving up on social distancing at the worst possible time • Americans fear too-rapid reopening during coronavirus, poll says • Gap, Nordstrom prepare to reopen hundreds of stores with new protocols for workers and shoppers • Kemp Warns Of Growing Outbreak Stressing Northeast Georgia • Detroit Casinos May Not Reopen For Months While Tribal Casino Re-Starts Next Week • Reopening The Economy Is Great For Stocks, But Makes It More Likely That Someone You Know Could Die
(DBN)

Contact Tracing Is Vital to Reopening the Country. These States Are Recruiting Thousands.
(DBN)

Small Business Owners Don't Expect To Survive Coronavirus Pandemic
(DBN)

Coronavirus stimulus checks sent to dead people should be mailed back to IRS, Treasury says
(DBN)

The coronavirus pandemic could completely derail the careers of Gen Z — and they might end up a lot like older millennials
(DBN)

Recessions are always racist. This one could be catastrophic.
(DBN)

Going-Concern Opinions May Be Poised for a Comeback
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

_____________

Real Estate:

MBA: Mortgage Applications Increased Slightly, Purchase Applications up 6% Week over Week
(DBN)

Paying the Rent in Bankruptcy – An Overview of Chapter 11 for Commercial Tenants and Their Landlords
(DBN)

Commercial Tenants Raising Impossibility of Performance and Frustration of Purpose
(DBN)

Seattle City Council passes bill aiming to prevent evictions after moratorium is lifted
(DBN)

Las Vegas Real Estate in April: Sales down 33% YoY, Inventory down 16% YoY
(DBN)

____________

Municipalities:

Ted Cruz: I don't see why Texas should have to bail out states for irresponsibility
(DBN)

____________

Oil/Gas:

For Houston, oil slump, pandemic double punch
(DBN)

Louisiana Layoffs, Shut-ins Happening Faster Than Expected
(DBN)

US producers throttle back as gas faces domestic, global headwinds
(DBN)

May and Blanchet declare the oilpatch 'dead,' warn Ottawa against financial supports
(DBN)

____________

Retailing:

Seattle-Based Cookware Giant Sur La Table Reportedly Preparing for Bankruptcy
(DBN)

For J. Crew, Bankruptcy Was A Necessary Step—But It May Already Be Too Late For A Comeback
(DBN)

Nordstrom permanently closing 16 full-line stores as it adapts to coronavirus era
(DBN)

Roots to liquidate U.S. unit in bankruptcy
(DBN)

What Department Stores Will Be Left Standing After COVID-19?
(DBN)

12 states that would suffer the most in a retail apocalypse
(DBN)

What happens to Main Street when even the biggest retailers can't pay rent?
(DBN)

People are returning to more normal shopping habits, according to the huge UK online grocer which had 8,000 people queueing for delivery slots when lockdown started
(DBN)

A Family Dollar security guard was killed after he refused to let a customer into the store because they weren't wearing a mask. Experts say acts of aggression are a terrifying trend on the rise in the retail sector.
(DBN)

As coronavirus kills another Amazon worker, the company’s response is adding to employees’ fears
(DBN)

____________

Plastics:

Techniplas To Strengthen Liquidity and Balance Sheet with Noteholder Support • Techniplas And Affiliates File IN BK DE - First Day Dec
(DBN)

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Healthcare:

'What We Want to Do Is Terminate It': Trump Ignores Barr's Advice on Obamacare Legal Strategy
(DBN)

Eerie Emptiness Of ERs Worries Doctors: Where Are The Heart Attacks And Strokes?
(DBN)

COVID-19 leaves U.S. hospitals in financial crisis
(DBN)

Health-Care Spending Plummets
(DBN)

For-Profit Healthcare Doomed Our Coronavirus Response
(DBN)

Samaritan's Purse, other workers who came to NY for coronavirus fight must pay state income tax, Cuomo says
(DBN)

66% of New York state coronavirus hospitalizations are people staying at home and not essential workers - Does lockdown even work?
(DBN)

Number Of Suspected Cases Of Mysterious Pediatric Illness Now 64 In New York
(DBN)

Official U.S. coronavirus death toll may be missing many thousands
(DBN)

$1 million anonymous donation funds bonuses for hospital employees on front lines
(DBN)

An ice rink in Maryland has become a temporary morgue
(DBN)

'It's gone haywire': When COVID-19 arrived in rural America
(DBN)

Study Shows 6.3 Million People Could Develop Tuberculosis Because of Coronavirus Lockdown
(DBN)

Disproportionately black counties comprise more than 50% of cases, nearly 60% of deaths, virus study shows
(DBN)

Why so many people are convinced that they had COVID-19 already
(DBN)

Jared Kushner's shadow coronavirus task force used a spreadsheet called 'VIP Update' to procure PPE from inexperienced Trump allies over legitimate vendors
(DBN)

U.S. statements on coronavirus origins diverge from allies
(DBN)

Flattening the curve isn’t good enough
(DBN)

America Has No Plan for the Worst-Case Scenario on Covid-19
(DBN)

Quest for a coronavirus treatment involves door-to-door blood collection and a llama named Winter
(DBN)

Scientists say they can neutralize coronavirus with antibodies grown in mice
(DBN)

Justice Department investigates Blue Flame Medical after claims it failed to provide masks to Maryland, California
(DBN)

Utah business told workers to ignore quarantine guidelines — now half of them are sick with COVID-19
(DBN)

Coronavirus Makes Cooling Centers Risky, Just as Scorching Weather Hits
(DBN)

She went $600,000 in debt to outfit workers - and hospitals keep turning her down
(DBN)

China gets top score as citizens rank their governments’ response to coronavirus
(DBN)

Coronavirus survivors banned from joining the military
(DBN)

____________

Funeral Industry:

2 funeral directors on how the pandemic has upended the business of death
(DBN)

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Autos:

A massive drop in car sales sparks new push in Congress to aid the auto industry
(DBN)

Hertz and Avis Cancel Orders in Setback for Ailing Carmakers
(DBN)

____________

Sports:

Getting to know the KBO
(DBN)

With football teams almost broke, Bundesliga resumes games on May 15 in empty stadiums
(DBN)

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Nursing Homes:

Seniors at risk: Nursing home inspections during pandemic uncover infection control problems
(DBN)

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Mail:

Online Retailers Spend Millions on Ads Backing Postal Service Bailout
(DBN)

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Hotels:

Will there be a Great Recession for Florida hotels? Experts say still too soon to say
(DBN)

____________

 
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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) • (2) • (3) •(4)• (5) • (6) • (7) • (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

New Bankruptcy Filings Fall 1.1 Percent
(DBN)

BK WD NY: Updated Filing Statistics
(DBN)

Preparing for the (Likely) Coming Wave of Bankruptcies
(DBN)

Get ready for the great American bankruptcy
(DBN)

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Insurance:

When Insureds, Intermediaries and Business Partners File for Bankruptcy: Key Points for Non-Us Insurers
(DBN)

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Estoppel:

LLC Members Equitably Estopped From Claiming Ownership of LLC Property
(DBN)

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Avoidance Actions:

Getting and Staying Paid: Protect Yourself from Preference Liability
(DBN)

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Bankruptcy Policy:

The Beauty of Bankruptcy
(DBN)

____________

Finance:

Are Debtors Eligible to Receive PPP Loans? Bankrupt Companies and the SBA Wage War Over Critical CARES Act Program Eligibility
(DBN)

You Down with PPP? Not (Necessarily) If You’re in Bankruptcy!
(DBN)

____________

Small Business:

A streamlined, less expensive way for small businesses to reorganize debt under new bankruptcy law
(DBN)

____________

Apparel:

Rock-Star Outfitter John Varvatos’s Firm Files for Bankruptcy • John Varvatos Announces Agreements With Secured Lender to Position Company for Long-term Success • Celebrity men's fashion brand John Varvatos files for bankruptcy • John Varvatos And Affiliates File In BK DE - First Day Dec
(DBN)

____________

Aviation:

Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus
(DBN)

TSA screening down 95%, airlines reporting major losses
(DBN)

American Airlines is parking another line of jets with a dismal forecast for travel demand
(DBN)

United Airlines Walks Back Plan To Make Full-Time Employees Go Part-Time
(DBN)

Frontier Airlines offers $11 fares for nonstop domestic routes
(DBN)

Airline stocks suffer broad selloff as American, Delta fall to new COVID-19 lows
(DBN)

IATA backs face masks but not middle seat closures for post-coronavirus air travel
(DBN)

Where’s My Airline Refund? What to Know if Your Flight Was Canceled By an Airline • Democratic senator grills airlines: 'You are continuing to mislead and deceive' taxpayers over refunds
(DBN)

Airlines had been raking in billions in fees. What will they do now?
(DBN)

Alaska Air warns of significant cuts to downsize the airline
(DBN)

Air France-KLM operating loss widens to EUR815m in 1Q2020
(DBN)

Will visitors flock to Hawaii when quarantine lifts? Hawaiian Airlines CEO is optimistic
(DBN)

Summer airfare sales are here despite questions about social distancing
(DBN)

Frontier Airlines rescinds empty middle seat charge after lawmaker pressure • Airline drops ‘outrageous’ plan to charge extra for ‘socially distanced’ seats
(DBN)

Turkish Airlines eyes resuming flights as of June
(DBN)

South Africa opposed to liquidation of national airline SAA - minister
(DBN)

Warren Buffett is too 'pessimistic' about airlines' coronavirus recovery, Southwest's CEO says
(DBN)

Embraer, Brazil airlines hire advisers to discuss government support: sources
(DBN)

____________

Hotels:

Hotels roll out initiatives to boost reservations and cash flow
(DBN)

____________

Tourism:

'The city is ours again': How the pandemic relieved Amsterdam of overtourism
(DBN)

Europe is loosening coronavirus restrictions, but don't expect to vacation there any time soon
(DBN)

Is it possible to plan a 'safe' vacation?
(DBN)

____________

Politics:

The coronavirus is hurting Trump's 2020 campaign
(DBN)

Trump contradicts nurse in testy Oval Office exchange over coronavirus protective gear
(DBN)

Trump says coronavirus crisis 'worse than Pearl Harbor' or 9/11
(DBN)

Trump and some top aides question accuracy of virus death toll
(DBN)

Trump Says He Wore Mask at Honeywell Plant Until Told Not To • Here's the real reason Donald Trump didn't wear a mask in public in Arizona
(DBN)

'Live and Let Die' blasts as Trump visits mask factory
(DBN)

The Lincoln Project Will Target Trump's Senate Allies With New Attack Ads
(DBN)

Trump Reverses on Disbanding Coronavirus Task Force after Learning How ‘Popular’ It Is
(DBN)

Companies owned by Donald Trump's campaign manager have received nearly $40 million from the president's reelection committees, according to a new report
(DBN)

Trump’s trainwreck ABC interview illustrated why he rarely strays from Fox News
(DBN)

The Supreme Court weighs whether to make the Electoral College even less democratic
(DBN)

Congress Has a Lower Approval Rating Than Donald Trump: Poll
(DBN)

Top Republicans break with McConnell on testing for Congress
(DBN)

These Are the Voters Who Could Decide the Election
(DBN)

____________

Education:

Photos Show What One High School Graduation Looks Like During The Coronavirus Pandemic
(DBN)

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UK:

Bank of England projects worst UK economic slump since 1706
(DBN)

Half of UK parents with young children face money woes – survey
(DBN)

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EU:

The EU is bracing for a 'recession of historic proportions' and predicts a 7.4% contraction in 2020
(DBN)

Brussels’ Mask-Wearing Rules Are So Complicated No One Can Enforce Them
(DBN)

Steep decline in European real estate investment indicators points to sharp Covid-19 downturn in Q2
(DBN)

EU Facing Worst Recession Ever
(DBN)

____________

Switzerland:

Swiss tourism numbers crash as jobless figures rise
(DBN)

____________

Sweden:

No-lockdown Sweden says high death toll 'a surprise'
(DBN)

____________

China:

China Government Report Warns of Armed Confrontation with US
(DBN)

US-China Relationship Headed Towards Lasting Rupture
(DBN)

China says exports rose 3.5% in April, crushing expectations for a decline of 15.7%
(DBN)

Pompeo accuses China of withholding vital information on coronavirus
(DBN)

Beijing demanded praise in exchange for medical supplies
(DBN)

____________

Germany:

Germany, US on Different Paths to Recovery
(DBN)

____________

Venezuela:

A Bay of Pigs-style fiasco in Venezuela
(DBN)

US will use ‘every tool’ to get ex-soldiers back from Venezuela: Pompeo
(DBN)

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