October 28, 2020

The Daily Bankruptcy News

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Law:

LeClairRyan Trustee Claims Funds Misdirected to UnitedLex
(DBN)

Law student debt averages about $165K at graduation, creating stress and restricting choices, survey says
(DBN)

Law Firms Largely Buck Growing Trend of Monitoring Remote Employees' Productivity
(DBN)

Law Firm Partner Surprised To Find That Dressing Like The KKK And Groping A Secretary Is Inappropriate
(DBN)

Former Davis Polk associate may pursue retaliation claim, judge says; other racial bias claims tossed
(DBN)

ATL’s 11th Annual Legally Themed Halloween Costume Contest: Pandemic Edition
(DBN)

Crushing Law School Debt Is Destroying Lawyers’ Mental Health
(DBN)

NY Bar Exam Defenders In Full-Blown Spin Mode
(DBN)

D.C. Joins Several States to Offer Remote Bar Exam
(DBN)

Lawyer Tries To Fly On Airplane Without A Mask. It Does Not Go Well For Him.
(DBN)

Judge rejects Justice Dept. bid to short circuit defamation case brought by woman who accused Trump of rape Trump must remain the defendant in writer’s rape defamation suit, judge rules Court Rules Defaming Women Is Not Actually The President’s Job Federal Court Gives Bill Barr a 'Basic Civics Lesson' in E. Jean Carroll Case Smackdown
(DBN)

20 Republican former U.S. attorneys endorse Biden, call Trump "a threat to the rule of law"
(DBN)

Cities Gird for Election Day Unrest
(DBN)

U.S. businesses splurge on insurance to protect against post-election chaos
(DBN)

'We may have a wild roller-coaster ride' after the election, says Ohio State law professor Edward Foley
(DBN)

New Hampshire Woman Impersonated Prosecutor in Failed Attempt to Drop Criminal Case, Officials Say
(DBN)

NYPD sued over 'brutal response' to George Floyd protesters
(DBN)

NXIVM sex cult leader Keith Raniere sentenced to 120 years in prison
(DBN)

Records Show Trump’s Border Wall Is Costing Taxpayers Billions More Than Initial Contracts
(DBN)

Breonna Taylor grand jurors say police actions on night she died were 'negligent' and 'criminal'
(DBN)

Second night of clashes in Philadelphia after police kill Black man National Guard responds as protests over Walter Wallace killing engulf Philadelphia Philadelphia victim's family sought ambulance, not police Protests grip Philadelphia, leaving officers injured and stores damaged, after police kill a Black man Philadelphia police say 1,000 looters targeting businesses on second night of protests
(DBN)

AZ: Realtor Loses Job Over Racist Rant
(DBN)

Maskless Risk $50 Fine at NYC-Area Airports, Subways, Bus Depots
(DBN)

As COVID-19 spreads, Pittsburgh judge rejects injunction bid by mask challengers
(DBN)

Federal Judge Forces ICE To Release Over 250 Detainees From A Southern California Detention Center
(DBN)

A World Without Legal Abortion: How Activists Envision A 'Post-Roe' Nation
(DBN)

Mom accused of staging a break-in and killing her mother-in-law is caught out by Apple Watch
(DBN)

______________

Judges:

BK MD FL: Court Connection Newsletter
(DBN)

Judge acknowledges his disparaging reference to governor was ‘idiotic’
(DBN)

Justice Thomas' wife boosts unsupported claims against Biden
(DBN)

Supreme Court Lays Out Path to Help Trump Win a Contested Race
(DBN)

Republicans Are Already Amplifying Kavanaugh’s Misleading Law Review Citation to Block Mail-in Voting
(DBN)

Amy Coney Barrett’s Dubious Place In Supreme Court History
(DBN)

Joe Biden Urges People To Vote After Amy Coney Barrett’s ‘Rushed’ Confirmation To Supreme Court
(DBN)

Supreme Court Motion Says Amy Coney Barrett's 'Integrity' Demands Recusal from Swing State Mail-in Ballot Case
(DBN)

Justice Kavanaugh Caught Cherry-Picking Line from a Law Review Article That Contradicted His Conclusion
(DBN)

Remembering a 'fierce defender of Puerto Rico' and a trailblazing federal judge
(DBN)

______________

Wall Street:

Dow futures sink 400 points as Wall Street grapples with rising Covid cases
(DBN)

Dow falls more than 200 points as coronavirus cases continue to rise, tech shares lift Nasdaq S&P 500, Dow slip on worries about earnings, U.S. stimulus outlook
(DBN)

______________

Layoffs:

Chevron to lay off about 25% of Noble Energy employees after merger
(DBN)

Wells Fargo expected to announce mass layoffs
(DBN)

Raytheon laying off 20,000 amid commercial aviation slide
(DBN)

Las Vegas Strip layoffs continue: 1,200 workers cut at Tropicana, MGM Grand Garden Arena, Park Theater
(DBN)

______________

Religion:

U.S. Catholics Have Backed Same-Sex Marriage Since 2011
(DBN)

U.S. Christian groups spent $280m fighting LGBT+ rights, abortion overseas
(DBN)

____________

Movie Theaters:

How New York’s Small Cinemas Are Hanging On
(DBN)

____________

Politics:

Battle over drop boxes underscores fears of Trump's hand in voting
(DBN)

Trump 2020 campaign site hacked in cryptocurrency scam as chilling message warns ‘classified information is exposed’
(DBN)

Majority of Americans don't expect to know presidential winner on Election Day Election night's most-crucial number is ballots yet to be counted
(DBN)

71 Million Already Voted Early Voting Turnout in U.S. Election Has Already Reached Half of 2016 Total Voting
(DBN)

Early-voting surge scrambles Election Day expectations as some states gallop toward 2016 turnout levels
(DBN)

7 days from Election Day, here's what we know about who's voted so far in key states
(DBN)

Suburbanites Show One of Largest Drops in Trump Approval
(DBN)

The GOP's monstrous math problem
(DBN)

Hundreds of Trump supporters stuck in the cold for hours when buses can't reach Omaha rally
(DBN)

McConnell puts GOP's odds of holding Senate at 50-50
(DBN)

Fox COVID Outbreak Sends Election Plans Into 'Chaos'
(DBN)

Some plan to move, others buy guns: Election has many Americans feeling high anxiety
(DBN)

Concerned about election unrest, Beverly Hills will close Rodeo Drive
(DBN)

Biden holds a big lead over Trump, but race could tighten: CNBC survey
(DBN)

A Timeline of Trump's QAnon Presidency
(DBN)

Trump's $1.1B debt mountain: How the President owes huge sums linked to his towers and golf courses with $900m due to be repaid within the next four years as Covid hammers the real estate market
(DBN)

Jeering sign-wavers. Caravans of honking trucks. Voter intimidation or free speech?
(DBN)

Trump pulls Florida ads as cash-poor campaign enters final week
(DBN)

Trump's Mar-a-Lago resort charged US taxpayers $3 for a glass of water
(DBN)

Trump injects more election chaos by claiming you can change your vote to him after you’ve already voted “CAN I CHANGE MY VOTE? ... The answer in most states is YES”
(DBN)

The polls show Biden with a large lead; experts recommend reading the fine print
(DBN)

The polls could be wrong. But that may help Biden, not just Trump.
(DBN)

Sun Belt grows bluer, more competitive
(DBN)

Obama: Trump is "jealous of COVID's media coverage"
(DBN)

22K Ballots Rejected In TX Due To Scanning Machine Malfunction
(DBN)

Northam can remove Lee statue in Richmond, judge rules
(DBN)

Texas Supreme Court: State can restrict drop-off sites to one per county
(DBN)

____________

Tech:

Tech’s legal shield under bipartisan attack: ‘More common ground than people realize,’ Democrat says
(DBN)

Trump campaign ran a Facebook ad implying he won the election, which is supposed to be against the company’s rules
(DBN)

____________

Personal Finance:

How to answer ‘Why do you want to work here?’—plus examples from 3 people who got the job
(DBN)

____________

Autos:

Garrett/KPS Stalking Horse Protections Approved Over Alternative Plan Advocates’ Objections; Judge Wiles Concludes That Approval Will Foster Competitive Process
(DBN)

____________


Economy:

Richmond Fed: "Fifth District manufacturing activity strengthened in October"
(DBN)

Don’t let flashy 3rd quarter GDP growth fool you, the economy is still in a big hole
(DBN)

‘I’m going under’: What it’s like looking for work during the pandemic
(DBN)

Trump or Biden's big economic challenge: millions of struggling Americans
(DBN)

Gary Cohn Wants $1 Trillion to Save the US Economy
(DBN)

Average Credit Score by State
(DBN)

U.S. outlook dims; economists say Democratic sweep best for revival: Reuters poll
(DBN)

Employment losses are largest for the least educated
(DBN)

U.S. Domestic-Worker Struggles Show Long-Term Recession Damage
(DBN)

Here’s How Americans Would Spend a Second Stimulus Check vs. The First One
(DBN)

Consumer confidence falls in U.S. swing states ahead of presidential election
(DBN)

Congress failed to reach a stimulus deal. Here’s when CARES Act benefits end Trump concedes no coronavirus relief deal before November 3 election
(DBN)

Girls finishing high school could boost some economies by 10%, Citi report says
(DBN)

Calling To ‘Open The Economy’ Doesn’t Help Small Business, It’s An Attempt To Screw Small Business
(DBN)

New York City mayor asks residents to avoid traveling out of state during the holidays Cuomo Seeks to Keep 95% of U.S. Out of New York as Virus Rages
(DBN)

Indoor Dining Banned In Chicago, Governor Cites Rising COVID Case Numbers
(DBN)

Home working reduces creative thought, says Bank economist
(DBN)

Americans are moving again
(DBN)

The pandemic is pushing people to switch careers
(DBN)

City Locked Down for Three Months Has Bleak Lessons for the World
(DBN)

Bay Area counties reopening more services even as case counts inch upward
(DBN)

What American workers have gained—and lost—from more than 200 days of remote
(DBN)

How Trump Gave Global Economy to China
(DBN)

Cruz Only Cares About Debt When Dems Rule
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August Case-Shiller: National House Price Index increased 5.7% year-over-year in August
(DBN)

Home price index sees greatest gain in over 2 years
(DBN)

Here are the most active players in the loan workouts space
(DBN)

Lenders Cracking Down on Mall Owners Behind on the Mortgage
(WSJ)

Mall landlord PREIT gets default notice from bank
(DBN)

HVS: Q3 2020 Homeownership and Vacancy Rates
(DBN)

How many households can’t pay next month’s rent? That’s a tricky question.
(DBN)

The Pandemic's Impact on Eviction Proceedings
(DBN)

Renters thought a CDC order protected them from eviction. Then landlords found loopholes.
(DBN)

How Trump maneuvered his way out of trouble in Chicago
(DBN)

Under water: Shipping magnate’s troubled UES condo is bankrupt
(DBN)

____________

Municipalities:

San Antonio ranks fourth among cities for worst financial distress, study says
(DBN)

____________

Oil/Gas:

North American Oil & Gas Bankruptcy Debt Reaches All-Time High in 2020, Rystad
(DBN)

The oil industry actually hasn’t done that well under Trump
(DBN)

No Debate: Most Shale Oil is Doomed
(DBN)

Iraq’s Crumbling Economy Is Becoming a Threat to OPEC
(DBN)

Oil Declines After Report Points to Increasing U.S. Stockpiles
(DBN)

California Resources Corporation Completes Financial Restructuring
(DBN)

____________

Education:

In-person or virtual school? We had to make the agonizing choice twice.
(DBN)

Falling enrollment, lost tuition puts colleges in extreme financial distress
(DBN)

Coronavirus slows pace of college tuition increases
(DBN)

New York Colleges Are Forcing Students to Test Negative for COVID-19 Before Going Home for the Holidays. Is It Legal?
(DBN)

____________

Mail:

‘I Do Expect More Compliance’: Judge Orders Daily Hearings on Postal Service Through Election
(DBN)

Former USPS Mail Carrier Charged for Tossing More Than 100 Absentee Ballots in Construction Dumpster
(DBN)

Ballots Mostly Getting Delivered On Time—But It’s ‘Too Late’ To Mail Yours Now, Officials Say
(DBN)

Democrats sound alarm on mail-in votes
(DBN)

Voters in Wisconsin, Michigan urged to return absentee ballots to drop boxes
(DBN)

____________

Climate:

Cause of Southern California fire that forced thousand to evacuate may be 'lashing wire'
(DBN)

Fast-Moving California Fires Threaten Million-Dollar Homes
(DBN)

California utility slow to pull plug before wildfire erupted Utility: Winds too weak to cut power before California fire
(DBN)

140 mph gust recorded as incredible winds rake California Wind a risk as California fires keep tens of thousands away
(DBN)

Gulf Coast braces, again, for hurricane as Zeta takes aim
(DBN)

Arctic Methane Deposits Starting to Release
(DBN)

____________

Sports:

LA Dodgers CEO: It will take club ‘years to catch up’ from lost 2020 revenues
(DBN)

Dodgers Win Covid Season Dodgers defeat Rays in Game 6 to capture first World Series title since 1988
(DBN)

____________

Fitness:

Relieved to Be Back at the Gym, but Is It Safe?
(DBN)

____________

Celebs:

Skint Boris Becker flogs virtual tennis lessons for £39.99 in bid to raise funds
(DBN)

Katie Price rides jetski in the Maldives after claiming she did not have ‘lavish lifestyle’ during bankruptcy hearing Katie Price offers to sell ‘worthless’ pink Range Rover for scrap and denies hiding it from bankruptcy bailiffs Katie Price appears at bankruptcy hearing - via Skype from the Maldives Inside Katie Price’s new £1,000 a week Maldives villa after denying ‘lavish lifestyle’ at bankruptcy hearing
(DBN)

Ex-BHS owner Dominic Chappell says he was 'right' to spend £577,000 on a new yacht to 'schmooze clients' after buying firm from Sir Philip Green for £1
(DBN)

____________

Environmental:

Auditor slams California for Exide cleanup delays, says cost could reach $650 million
(DBN)

____________

Agribusiness:

McM trustee loses $740K claim against North Dakota landowner
(DBN)

____________

Hotels:

Four Seasons President Thinks They’re Halfway Through Covid-19 Storm
(DBN)

Trump Defaulted on $287M Chicago Hotel Debt
(DBN)

____________

Pharma:

Opioid victim group asks Purdue bankruptcy judge to pause Sackler, DOJ deal
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

U.S. Bankruptcy Tracker: Perella Sees 2021 Bust as Cash Runs Out
(DBN)

Personal bankruptcies expected to rise in 2021 as stimulus ends
(DBN)

______________

Trustees:

BK WY Seeks Chapter 7 Trustees
(DBN)

____________

Mass Torts:

The New Mass Torts Bargain
(DBN)

____________

Mediation:

Vacating A Court Order That Violates A Mediated Settlement Agreement—For “Mistake” (In re Mattox)
(DBN)

____________

Aviation:

Japanese Airline ANA Forecasts Its Biggest Ever Loss
(DBN)

One in Four European Airports Face Insolvency Insolvency threatens 200 European airports
(DBN)

London Heathrow Loses Title of Europe’s Top Airport
(DBN)

More airlines to fold as IATA revises downwards Africa’s traffic forecast
(DBN)

____________

Media:

Salt Lake Tribune to stop printing daily after 149 years
(DBN)

U.S. Agency Targets Its Own Journalists' Independence
(DBN)

____________

Tax:

Report: Trump Had Over $280 Million In Debt Forgiven And Avoided Paying Taxes On Most Of It
(DBN)

____________

Healthcare:

Covid hospitalizations rising in 36 states as U.S. hits another record for average new cases
(DBN)

Mask mandates help control the rise in coronavirus hospitalizations
(DBN)

Virus pushes twin cities El Paso and Juarez to brink
(DBN)

White House Declares Pandemic Over White House Lists 'Ending' Covid-19 Pandemic As Trump Accomplishment Trump Says Midwest ‘Heated Up’ With Coronavirus Cases Covid Task Force Furious Over 'Pandemic Over'
(DBN)

U.S. Reports a Record 500,000-Plus Coronavirus Cases Over the Past Week
(DBN)

Virus Cases Are Spiking Just When They Could Hurt Trump the Most
(DBN)

All The Ways Trumpworld Is Crafting An Alternate Reality In The Election’s Final Days
(DBN)

Covid spreading faster than ever in U.S., new NBC numbers show U.S. Coronavirus Cases Surpass Summer Peak And Are Climbing Higher Fast
(DBN)

'Nightmare': Record number of COVID-19 deaths, hospitalizations and cases in Wisconsin on Tuesday
(DBN)

COVID's cognitive costs? Some patients' brains may age 10 years
(DBN)

Crucial Covid vaccine data expected from Pfizer this week now unlikely to come before U.S. election
(DBN)

Global Majority Would Take Covid Vaccine
(DBN)

First Covid Vaccine May Not Work
(DBN)

Some coronavirus survivors have "autoantibodies"
(DBN)

Health care workers in Michigan criticize Trump’s rally amid record Covid cases
(DBN)

Eli Lilly still confident in Covid antibody drug despite end to hospital study
(DBN)

States need billions to distribute Covid vaccines as federal funding falls short
(DBN)

3M is making more N95 masks than ever as global Covid cases rise, CEO says
(DBN)

____________

Food/Beverage:

Private equity firm buys HopCat out of bankruptcy, restaurants to remain open
(DBN)

Why Dunkin’ Is Worth Nearly $9 Billion
(DBN)

____________

Cruise Lines:

Could Royal Caribbean Stock Rise 80% Post Covid?
(DBN)

____________

Retailing:

Tuesday Morning opts to go it alone rather than sell itself in Ch. 11 US denim retailer True Religion exits Chapter 11
(DBN)

J.C. Penney Lender Fight Shows Competing Bankruptcy Interests
(DBN)

JC Penney sale, plan confirmation hearings set amid growing lender strife
(DBN)

Ross shrugs off pandemic with 39 new stores in 17 states
(DBN)

UPS quarterly profit beats as pandemic spurs home deliveries
(DBN)

____________

UK:

A British student was fined $8,600 for breaking COVID-19 quarantine after posting an Instagram photo of herself at a restaurant
(DBN)

Revolution Bars to close sites after losing a third of its revenue due to COVID curfew
(DBN)

HSBC reports 35% fall in profits and warns it could start charging for current accounts
(DBN)

BT Hit by Covid-19 Outbreak in Northern England Call Center
(DBN)

U.K.’s Young and Minority Furloughed Workers Are Losing Jobs Now
(DBN)

____________

EU:

Furious anti-lockdown protests sweep Europe
(DBN)

New protests loom as Europeans tire of virus restrictions...
(DBN)

East Europe Fights for Its Life Against Virus It Thought Crushed
(DBN)

____________

PIIGS:

People across Italy violently protested new lockdown measures imposed after a spike in COVID-19 cases, setting fires and looting luxury stores
(DBN)

____________

Argentina:

Argentina deems harsh lockdown a 'failure'
(DBN)

____________

Russia:

Putin mandates face masks as Russia combats second COVID-19 wave
(DBN)

____________

France:

France Emerges as Epicenter
(DBN)

____________

China:

Personal Bankruptcy Arrives in China in March 2021
(DBN)

China’s Recovery Shows Mixed Signals as Global Outlook Dims
(DBN)

____________

Germany:

Germany Moves to Shutter Bars and Restaurants for One Month
(DBN)

____________

India:

In a first, Debt Recovery Tribunal in Chennai admits insolvency plea against personal guarantor
(DBN)

Debt Default, Recovery and Resolution in a Pandemic: What to Expect in the New Normal
(DBN)

____________

South Korea:

South Korea’s Moon Says Virus Has Been Contained
(DBN)

Korea Consumer Confidence Jumps Most Since 2009 as Virus Eases
(DBN)

____________

Singapore:

Singapore’s Central Bank Sees ‘Gradual and Uneven’ Recovery
(DBN)

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