February 9, 2021

The Daily Bankruptcy News

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Law:

Top 25 Biglaw Firm Offers Bonus-Eligible Diversity & Inclusion Billable Hours
(DBN)

Q&A: For Cooley's new bankruptcy chair Cullen Speckhart, her practice is personal
(DBN)

Yup, Female Partner Compensation Still Lags Behind Male Partners
(DBN)

What Are the Biggest Challenges to Law Firms' Success in 2021?
(DBN)

Roanoke lawyer who once handled bankruptcies headed to prison for bankruptcy fraud
(DBN)

In Bid to Claw Back Assets, Trustee Sues Partnership Tom Girardi Once Shared With Walter Lack
(DBN)

Police investigate homicide of lawyer, a ‘statutory wizard’ who lived above his law office
(DBN)

It’s Time For Biglaw To Give Black Women The Chance To Shine
(DBN)

Working all night is encouraged and is one of a plethora of bad practices in the legal industry. Why is this the norm?
(DBN)

DLA Piper extends managing partner's term in pandemic reshuffling
(DBN)

Few Employers Embrace Covid Vaccine Mandates, Survey Shows
(DBN)

Biden to Ask Most US Attorneys to Resign
(DBN)

Schumer, McConnell near deal on Trump impeachment trial Five ways Trump's impeachment differs from a court trial House Impeachment Managers Reply to Trump’s Impeachment Memo: Calling That 'Implausible Would Be an Act of Charity’ Top 9 Absurdities, Distortions, and Fails in Trump’s Impeachment Trial Brief GOP senator attempts to blame Nancy Pelosi, not Trump, for the Capitol riot as impeachment trial looms Law Professor Cited 15 Times by Trump’s Legal Team Says Impeachment Memo Was Filled with ‘Flat-Out Misrepresentations’ of His Work Trump’s impeachment trial is imminent. GOP senators are working to cast it as a Democratic plot. Trump lawyers blast impeachment trial as ‘political theater’ Trump lawyers demand dismissal on impeachment Trump lawyers argue he did not incite riots Trump's lawyers challenge constitutionality of post-White House impeachment trial Trump trial set to consume Capitol Impeachment trial will restore glare of Trump's spite Bolton lawyer: Trump impeachment trial is constitutional Myth that Trump can't be convicted by Senate because he's no longer in office blown up by DC law firm head GOP senators have a simple choice at Trump's trial Impeachment 2.0 offers one last taste of Trump before the big plunge Here is the smoking gun evidence to back impeachment of Donald Trump Scarred by riot, U.S. Capitol a fortress for Trump impeachment trial What to expect from Trump’s second Senate impeachment trial House impeachment managers slam Trump in final pre-trial brief: 'Most grievous constitutional crime ever' Trump’s Crack Impeachment Lawyers Misspelled ‘United States’—Again After 'Citizen Trump' Defense Brief Opens with 'Trump Derangement Syndrome' Reference, Lawyers Decry 'Amateurish' Memo and 'Overblown Rhetoric' Federalist Society Co-Founder: Trump's Impeachment Defense Is Like Arguing a President Can't Be Convicted for Wearing a Swastika Geraldo says Trump is 'guilty as charged' of inciting insurrection, but hopes he’s not convicted Mary Trump offers withering two-word assessment of her uncle’s impeachment trial
(DBN)

Suspect Charged with Spraying Fire Extinguisher During Capitol Siege Was Just Following Trump's Orders, Attorney Says Anti-Vax Doctor and Her Spokesman Indicted After Being Photographed Inside the Capitol on Jan. 6 More real estate agents charged with storming the Capitol A Capitol riot suspect known as the 'QAnon Shaman' said he was 'deeply disappointed' in Trump for not being 'honorable'
(DBN)

Graham says Trump will have 'a place in history' for Capitol riot
(DBN)

Georgia Launches Probe into Trump Phone Call
(DBN)

As impeachment begins, New York accelerates probes of Trump's property dealings
(DBN)

Liz Cheney raises possibility of criminal investigation of Trump for provoking violence
(DBN)

Michigan Attorney Tells Court He Had Nothing To Do With Kraken Suit He Filed
(DBN)

Fox News Moves to Dismiss Smartmatic’s $2.7B Lawsuit: Our Network ‘Did Exactly What the First Amendment Protects’
(DBN)

'I don't really like a bully': Meet Roberta Kaplan -- the lawyer taking on Donald Trump and the far-right
(DBN)

Trump As Witness, At An Impeachment Trial Or Otherwise
(DBN)

U.S. drops lawsuit against former Melania Trump aide for tell-all book
(DBN)

At the Capitol on Jan. 6, Veterans Fought on Both Sides of an American Battle
(DBN)

Michael Cohen apologizes to Stormy Daniels for 'needless pain' Stormy Daniels and Michael Cohen, once foes, talk Trump Stormy Daniels Says Alleged Sex With Trump Was ‘the Worst 90 Seconds of My Life’ Stormy Daniels Claims Donald Trump Made This Disgusting Comment Before They First Had Sex
(DBN)

Country singer's record sales skyrocket after racial slur controversy
(DBN)

The filibuster may not even be constitutional the way it's used now
(DBN)

This Supreme Court’s Religious Liberty Approach Would Be Silly, If The Consequences Were Not So Dire
(DBN)

Denver successfully sent mental health professionals, not police, to hundreds of calls
(DBN)

Expectant parents fired a cannon to celebrate their baby shower. It exploded and killed a guest.
(DBN)

Twin Cities rocked by uptick in serious crimes
(DBN)

Hackers broke into Florida town's water treatment plant, attempted poisoning, sheriff says
(DBN)

Florida lawyer is arrested after refusing to put mask back on at city meeting
(DBN)

Attorney flashes medical marijuana card instead of ID in viral video
(DBN)

Grandfather Gets Probation in Tragic Death of Toddler Who Fell from Cruise Ship Window
(DBN)

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Judges:

This judge is getting mentioned as Merrick Garland’s likely replacement, possible future SCOTUS nominee
(DBN)

Fifth Circuit Benchslaps Federal Judge Who’s A Repeat Offender
(DBN)

Roberts won't preside over impeachment trial, but Leahy set to follow his 2020 script
(DBN)

Texas judge changes locks to her office, warns colleagues about trespassing
(DBN)

Sweetening Senior Status Could Help Boost Supply of U.S. Judges
(DBN)

Evidence of Corrupt Judge’s Actual Bias Not Needed for Relief
(DBN)

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Wall Street:

Stock futures dip as Wall Street’s rally to records is set to take a breather
(DBN)

Like GameStop, Bed Bath & Beyond has been reduced to a stock meme. But 42,000 people work there.
(DBN)

GameStop shares drop, extending 80% slump from last week
(DBN)

How the rich got richer: Reddit trading frenzy benefited Wall Street elite
(DBN)

Wall Street’s Most Reviled Investors Worry About Their Fate
(DBN)

Hertz’s experience as a ‘stonk’ reveals the dilemmas companies face when targeted by Reddit investors
(DBN)

S&P companies overall on pace for positive earnings for first time since 2019
(DBN)

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Layoffs:

How Many US Oil Jobs Were Lost in 2020?
(DBN)

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Retailing:

Belk’s plans for bankruptcy include one-day reorganization
(DBN)

CEO of America’s biggest mall owner says some retailers are excited for growth opportunities in 2021
(DBN)

What awaits retail on the other side of the pandemic
(DBN)

Ralph Lauren to shrink office and store footprint as sales remain sluggish
(DBN)

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Healthcare:

New COVID-19 cases nationally drop below 100K for first time in 2021 Despite dip in Covid-19 cases, expert says US is in the 'eye of the hurricane'
(DBN)

During pandemic, heart surgeries plummeted by 53 percent
(DBN)

Her COVID-19 treatment cost more than $1 million. Who's going to pay for it?
(DBN)

It's 'delusional' for Biden to use Defense Production Act for vaccines: Expert
(DBN)

As alcohol abuse rises amid pandemic, hospitals see a wave of deadly liver disease
(DBN)

Rep. Ron Wright dies after contracting COVID-19
(DBN)

Biden expects to take NFL up on offer to use stadiums as vaccination sites
(DBN)

Thousands of maskless Tampa fans flooded the streets, celebrating the Super Bowl win while risking a superspreader event
(DBN)

Portugal says AstraZeneca vaccine preferably only for under-65s
(DBN)

Most Americans are doing pods wrong
(DBN)

State of vaccine supply is 'opaque,’ ‘hard to pin down,' experts say
(DBN)

UN: 'Concerning news' vaccines may not work against variants
(DBN)

Covid Mutations Showing Up in US Sewers
(DBN)

WHO says ‘most likely’ pathway of Covid virus was from animals to humans, dismisses lab leak theory
(DBN)

Fauci approach to two-dose vaccine is right, says ex-CDC acting director Besser
(DBN)

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Travel:

Around the globe, virus cancels spring travel for millions
(DBN)

Bora Bora, Tahiti Close Borders to Tourists
(DBN)

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Tech:

Facebook, Twitter among platforms failing to prevent harmful content: agency
(DBN)

In court documents about the pro-Trump riots at the Capitol, Facebook is cited far more than any other social network
(DBN)

Facebook says it will crack down on COVID vaccine misinformation
(DBN)

Ousted Parler CEO says he feels "betrayed" by Rebekah Mercer
(DBN)

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Tires:

American Tire to Eye $1 Billion Refinancing Post Bankruptcy
(DBN)

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Economy:

U.S. households expect to boost spending, NY Fed survey finds
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

How Fast is the Economy Really Recovering?
(DBN)

Consumers to unleash trillions of dollars in excess savings when pandemic ends
(DBN)

Jobs report shows economy doesn't have maximum employment or stable prices
(DBN)

Most employers will continue remote work despite COVID vaccine: Littler
(DBN)

Democratic lawmakers splinter over criteria for $1,400 stimulus payments as Biden relief bill advances
(DBN)

Should fewer Americans get stimulus checks this time? House Dem relief plan includes $1,400 stimulus checks for most households House Democrats call for faster phase out in next round of stimulus checks
(DBN)

Democrats roll out a plan to provide up to $300 monthly checks to parents with kids 17 and under
(DBN)

Yellen sees full employment next year with Biden's stimulus plan
(DBN)

Workers who quit rather than risk covid on the job now hope Biden can help them collect unemployment.
(DBN)

The Jobs Crisis Is Broader Than It Seemed Temporary Jobs Propped Up January Hiring
(DBN)

Democrats to unveil one-year plan to send up to $3,600 per child to households
(DBN)

Minimum wage hike to $15 an hour by 2025 would result in 1.4 million unemployed, nonpartisan Congressional Budget Office says Biden Minimum-Wage Push Gets Fresh Headwind With CBO Estimates CBO: $15 minimum wage would increase unemployment but lift 900,000 out of poverty
(DBN)

Democrats might need to settle for a $11-per-hour minimum wage, Goldman Sachs says
(DBN)

EU awaits U.S. trade chief for real tariff talks to start
(DBN)

China Economy Passing U.S. to Guide Biden’s Trade Stance
(DBN)

Rough road ahead for Latam and Caribbean economies, says IMF
(DBN)

Trump's Tax Cut Was Very Good to the $200,000 to $1 Million Set
(DBN)

COVID-19 pushes many small businesses to brink of bankruptcy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

More Than 5% of Americans Didn’t Pay Rent, Mortgage in December
(DBN)

'This is violence': Tenant activists upend eviction courts
(DBN)

'Bad news ever since': After eviction, the struggle to find a new home
(DBN)

Knotel and Industrious’ paths diverge
(DBN)

Northwest Real Estate in January: Sales up 16% YoY, Inventory down 43% YoY
(DBN)

Las Vegas Real Estate in January: Sales up 13% YoY, Inventory down 50% YoY
(DBN)

Rents Slide in NYC, San Francisco While Cheaper Cities Surge
(DBN)

The last stand for forbearance housing market crash bros?
(DBN)

Fannie Mae reports rising confidence in housing market
(DBN)

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Municipalities:

Fiscal plan adjusted to Puerto Rico's realistic income
(DBN)

Oversight Board: right deal for Puerto Rico rests on four principles
(DBN)

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Oil/Gas:

Oil hits more than 1-year high on supply cuts, stimulus hopes
(DBN)

Oil major Total’s full-year profit falls 66% as Covid pandemic hits fuel demand
(DBN)

Oil May Not Be Chevron’s Largest Business In 20 Years
(DBN)

The Hydrogen Economy Is No Longer A Pipe Dream
(DBN)

How Many US GOM Jobs Could Go Under Biden?
(DBN)

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Food/Beverage:

Senate Overwhelmingly Passes Restaurant Relief Program
(DBN)

NYC Restarts Indoor Dining at 25% on Friday, Cuomo Says
(DBN)

N.J. restaurant-chain owner pleads guilty to bankruptcy fraud, admits he hid assets
(DBN)

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Politics:

AP-NORC poll: Few in US say democracy is working very well Poll: Just 16 percent say democracy is working well in US
(DBN)

His Biz Is Shunned, She Resigned, and Everyone Is Being Sued: What Became of Trump’s Election Dead-Enders
(DBN)

Piers Morgan Loses It with Sarah Palin
(DBN)

Uproar over Dominion voting machines in one Ohio county shows Trump’s falsehoods linger Dominion spokesman: MyPillow CEO Mike Lindell 'is begging to be sued'
(DBN)

House Democrats Renew Investigation Into Trump-Era COVID-19 Response
(DBN)

Trump's pandemic woes are hitting hardest in his own backyard
(DBN)

After Record 2020 Turnout, State Republicans Weigh Making It Harder To Vote
(DBN)

Election turmoil splits West Virginia city’s evangelicals
(DBN)

Republican Sen. Richard Shelby announces he will retire in 2022
(DBN)

Weimar's Lessons for Biden's America
(DBN)

Jared Kushner and Ivanka Trump made up to $640 million while working in White House, report finds
(DBN)

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Tech:

Twitter considering subscription fees to ensure 'revenue durability'
(DBN)

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Sports:

Tampa mayor frustrated by maskless fans after Super Bowl
(DBN)

69-year-old furniture retailer 'Mattress Mack' placed one of the biggest bets in Super Bowl history - and won millions
(DBN)


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Education:

Schools plan for potential of remote learning into the fall
(DBN)

Should Schools Reopen If Teachers Aren't Yet Vaccinated? CDC Will Soon Weigh In CDC could lay out school reopening requirements this week, Biden says
(DBN)

San Francisco, unions reach tentative deal toward reopening public schools, but offer no exact date
(DBN)

Los Angeles is newest venue for city-school fight over reopening
(DBN)

New York City middle schools will reopen to some students for the first time in months
(DBN)

The Union Leader Who Says She Can Get Teachers Back in Schools
(DBN)

'We have educators who are dying': Teachers still fear COVID-19, but calls to open schools grow louder
(DBN)

Remote school is stressing parents out. Here's how to tame the anxiety.
(DBN)

Struggling New Yorkers Tasted Free Wi-Fi -- Until the Bills Came
(DBN)

Fox News guest claims Michelle Obama to blame for schools not reopening during Covid pandemic
(DBN)

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Cannabis:

Cannabis company valuations rise as US reform efforts accelerate
(DBN)

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Non-Profits:

Former NRA Director Seeks Examiner Probe for Bankruptcy Case NRA Examiner Motion
(DBN)

Plaintiffs Firms Hit Back at Carriers Over Allegations of Unvetted Boy Scouts Claims
(DBN)

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Celebs:

What is Trick Daddy's net worth? Bankrupt 'Love & Hip Hop' star hopes to make up for losses through food joint
(DBN)

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Utilities:

This is how PG&E says it will try to prevent wildfires in 2021
(DBN)

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Autos:

Garrett Motion equity committee proposes competing plan, setting stage for confirmation battle
(DBN)

Nissan stays in red ink amid pandemic, Japan criminal trial
(DBN)

Hertz’s Dilemma to Raise Money While in Bankruptcy
(DBN)

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Entertainment:

Actress Priyanka Chopra Jonas says filming during pandemic is ‘really daunting’
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 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)

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Bankruptcy Statistics:

Commercial Chapter 11 Filings Drop 24% in January Y/Y
(DBN)

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Avoidance Actions:

Decade-Long Limitations Period For IRS Can Be Utilized By Bankruptcy Trustee For All Creditors In Zagaroli
(DBN)

Bankruptcy Court Permits Chapter 7 Trustee to Utilize IRS’ Look-Back Period in Seeking to Avoid Fraudulent Transfers
(DBN)

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Plan Confirmation:

Section 1126 of the Bankruptcy Code and the Dangers of Sleeping on Your Rights as a Creditor
(DBN)

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Subchapter V:

New Benefits For Some Businesses Filing Bankruptcy; Many to Lose Eligibility March 27
(DBN)

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Automatic Stay:

Supreme Court Rules that Possession of Estate Property Does Not Violate Automatic Stay
(DBN)

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Miscellaneous:

2021 Corporate Restructuring Report
(DBN)

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History:

Fairness and Flexibility: Understanding Corporate Bankruptcy’s Arc
(DBN)

Reconstruction offered a glimpse of equality for Black Americans. Why did it fail?
(DBN)

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Aviation:

CDC Director Says Covid Tests for U.S. Flights Could Ease Spread
(DBN)

Boeing says requiring COVID-19 tests before U.S. domestic flights could pose economic risks
(DBN)

Airlines Are Ditching Business Hubs and Rerouting Flights to Florida
(DBN)

U.S. House Democrats set to back $14 billion for airline workers, new airport aid
(DBN)

Thai Airways rehab plan on the way
(DBN)

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Climate:

Scientists warn over misuse of climate models in financial markets
(DBN)

Elon Musk puts up $100 million for global carbon reduction competition
(DBN)

The World Is Moving Toward Net Zero Because of a Single Sentence
(DBN)

EV owners drive them much less than gas-powered cars
(DBN)

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Movie Theaters:

AMC Major Stakeholder Wanda Converts Stock To Allow For Sale Amid WallStreetBets Frenzy
(DBN)

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Personal Finance:

10 Things Frugal People Never Buy
(DBN)

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UK:

Dissenting creditors bound by restructuring plan in UK first
(DBN)

At least 12 English councils in rescue talks as Covid shatters local finances
(DBN)

Cross Border Insolvency in The Backdrop of Brexit
(DBN)

The way out of debt needs to be simplified now to help those impacted by the pandemic
(DBN)

A year to remember in insolvency
(DBN)

London’s Oxford Street is rethinking retail as it deals with Covid-fueled closures
(DBN)

Lord Foster's vision for post-pandemic UK: Empty offices can be 'residential tower blocks of the future'
(DBN)

UK lowers threat level from 'severe' to 'substantial'
(DBN)

U.K. Officials Fear South Africa Strain Could Threaten Recovery
(DBN)

UK, EU need a reset after threat to N.Ireland trade, says UK's Gove
(DBN)

U.K.-EU Freight Trade Back to 90% of Normal, Port of Dover Says
(DBN)

Someone in the UK government spent a huge amount of taxpayers' money on luxury chocolate right before Christmas and now there is an investigation
(DBN)

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EU:

ECB must keep easy money policy in place despite inflation surge: Lagarde
(DBN)

ECB’s Lagarde Sees Significant Economic Risk From Resurgent Virus
(DBN)

ECB must keep easy money policy in place despite inflation surge: Lagarde
(DBN)

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Canada:

Canadian Consumer Insolvencies Fall to Lowest in Two Decades
(DBN)

COVID-19 Pandemic Leads to Generational Shift in Consumer Insolvencies
(DBN)

Toronto Home Prices on Pace to Top C$1 Million After Record Year
(DBN)

Bell Media job cuts hit Toronto newsrooms, TSN and more
(DBN)

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China:

HNA’s insolvency could test China’s relatively young bankruptcy law.
(DBN)

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Singapore:

Singapore Implements Simplified Insolvency Programme For Micro And Small Companies
(DBN)

Singapore Schemes of Arrangement: Empirical and Comparative Analysis
(DBN)

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MENA:

Virus Hastens Exit from Israel’s Ultra-Orthodox Community
(DBN)

Israeli PM pleads not guilty as corruption trial resumes
(DBN)

Deserted debts stir disquiet in the mysterious world of Dubai Inc
(DBN)

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Brazil:

Brazil’s wealthy cause a stir trying to score quick vaccines
(DBN)

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South Africa:

S Africa seeks new vaccine plan after halting AstraZeneca AstraZeneca vaccine has major role to play, lead South Africa investigator says
(DBN)

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Germany:

New German Restructuring Regime (StaRUG): An Introductory Guide
(DBN)

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Russia:

Germany, Sweden and Poland expel Russian diplomats as Navalny tensions escalate
(DBN)

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Argentina:

YPF wins support of key creditor group for 2021 bond swap
(DBN)

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India:

Bad bank to deepen IBC use
(DBN)

Contempt Conundrum: Conflicting Opinions Of NCLT On Applicability Of Contempt Provisions In IBC
(DBN)

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Australia:

More change ahead for insolvency system
(DBN)

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Burma:

Tens of Thousands Protest Burma Coup
(DBN)

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Ukraine:

Ukraine's DTEK reaches agreement with bondholders on debt restructuring
(DBN)

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