January 21, 2021

The Daily Bankruptcy News

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Law:

Big Bankruptcy Results Are In, and There’s One Particular Winner
(DBN)

Am Law 100 Firm Finally Decides To Offer Special Bonuses To Associates
(DBN)

RHOBH: Erika Jayne’s Husband Thomas Girardi Accused of Lying to Court as New Motion Alleges the Claims He’s Mentally “Incompetent” are False
(DBN)

Some Law Firms Have Misleading Employment Data
(DBN)

Former Partner Sues Reed Smith, Alleging Gender Discrimination
(DBN)

BigLaw firm underpaid female partner, allowed male peers to ostracize and obstruct her, lawsuit says
(DBN)

Lawsuit claims lawyer’s supervisor hit her during witness cross-examination
(DBN)

Convicted Ex-Nixon Peabody Partner Among Latest Trump Pardon Recipients Former Biglaw Partner Gets A Trump Pardon
(DBN)

Firms May Still Be Adopting Their Old Tools, Let Alone New Ones
(DBN)

This Law School’s Employment Statistics Look Amazing!
(DBN)

These Law Profs Backed Trump - and Some Got Burned
(DBN)

Morgan Lewis Seeking to Cut Ties With Trump Morgan Lewis Drops Trump as Client as N.Y. Tax Probe Continues
(DBN)

Secret Service records confirm investigation into John Mulaney over Caesar assassination joke
(DBN)

Michigan man arrested in investigation of Capitol riot Feds Say They Arrested Proud Boys Organizer Who Was Recorded Saying 'This Is Awesome!' as Rioters Breached Capitol Hours After Biden's Inauguration, Gun-Toting Trump Backer with Extremist Website Charged and Kept in Jail for Capitol Siege Man charged with assault for allegedly pinning officer in Capitol doors Proud Boys organizer Joe Biggs charged in Capitol riot Houston police officer charged in Capitol riot after FBI agents find deleted selfies on phone Connecticut man busted for crushing Capitol cop in door during Trump-fueled riot A Florida deputy who wanted ‘the streets of D.C. to run red’ is arrested, police say South Florida Man Sees Capitol Riot Arrest As ‘A Rosa Parks, Martin Luther King Moment For Me’ New York Court Employee Arrested After Allegedly Threatening To ‘Go Back To The Capitol’ To ‘Slaughter’ Elected Officials
(DBN)

Lawyer fired after posting Capitol riot video sues to block ‘illegitimately elected Congress’
(DBN)

Capitol Police officer who faced down pro-Trump mob escorts Harris at inauguration
(DBN)

Trump’s final pardon spree, explained Trump issues last-second pardon to Jeanine Pirro’s tax-cheat ex-husband Trump was talked out of pardoning himself at the last minute, with lawyers saying it would make him look guilty and possibly open up more legal issues College Scam Dad Is Pardoned by Trump Over $50,000 Bribe Under the Radar ‘Varsity Blues’ Trump Pardon Is Particularly 'Inexplicable,' and Swampy Trump Commutes 835-Year White-Collar Sentence for Sholam Weiss Trump extends clemency to sports gamblers and a rapper who had Lamar Jackson's support Former Lend America exec Michael Ashley gets sentence commuted by Trump Sentence of former Salem CEO Jon Harder commuted by former President Donald Trump Trump’s pardon largesse a boon for well-connected fraudsters Flurry of Trump pardons follows lobbying by well-connected lawyers Donald Trump’s Final Pardons Reflect Firm Belief That Punishment Is For The Little People
(DBN)

Texas Attorney General Ken Paxton to President Biden: I'll see you in court, frequently
(DBN)

Legal Experts Brace for States to Prosecute Accused Money Launderer Steve Bannon
(DBN)

Trump Leaves Get-Out-Of-Ethics-Free Pass For Staffers On His Way Out Of Town
(DBN)

Judge Throws Out Bank Robber's Conviction Because Prosecutor Used Photo of Jack Nicholson in Closing Arguments
(DBN)

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Judges:

Supreme Court faces bomb threat during Biden's inauguration
(DBN)

Shocked Judge Holds Louisville Lawyer in Contempt for Storming Out of Zoom Hearing
(DBN)

Biden Immediately Gets First Judicial Vacancy to Fill — And Many More Are Likely to Follow
(DBN)

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Wall Street:

 

U.S. stocks set records as Biden begins presidency with vow of unity Wall Street closes at record highs as Netflix jumps, Biden inaugurated
(DBN)

Trump stock performance falls short of Obama, Clinton
(DBN)

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Layoffs:

State Street to cut 1,200 jobs as no-layoff pledge expires
(DBN)

Aramark lays off 440 workers
(DBN)

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Utilities:

PG&E: New Probation Terms Will Bring More Blackouts
(DBN)

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Non-Profits:

NRA Runs to Texas But Perhaps Cannot Hide With Bankruptcy Filing New York Attorney General Urges Judge Not to Let NRA’s Bankruptcy Filing Put a Stop to Dissolution of Organization Motion Hearing in New York AG's Case Against NRA Set to Move Ahead, Despite Bankruptcy NRA fights for its future in Texas, New York courts NRA lawyer denies bad faith bankruptcy accusations NRA says it is ‘not afraid’ of NY lawsuit, will continue fight
(DBN)

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Politics:

'Democracy has prevailed': President Biden says 'unity is the path forward' in inaugural address Biden vows to be "a president for all Americans" 'This is America's day': Biden sworn in amid historic challenges Chris Wallace Praises Biden Speech: ‘The Best Inaugural Address I Have Ever Heard’ Biden Rebukes Trump In Promise To 'Lead Without Selfishness'
(DBN)

Biden's unity plea is met with reminders that divisions run deep
(DBN)

Biden tells appointees 'I will fire you on the spot' for showing disrespect to colleagues
(DBN)

Inaugural poet Amanda Gorman steals the show Read the full text of Amanda Gorman’s inaugural poem ‘The Hill We Climb’
(DBN)

Biden's inauguration was a Frederick Douglass dream made real. We should be proud.
(DBN)

Biden's inauguration goes off with no security issues
(DBN)

Kamala Harris sworn in as country’s first female, Black, Asian American vice president
(DBN)

Trump leaves White House, promises to be back in 'some form' Trump's Farewell Ceremony Attended by 5 White House Staffers, Sean Spicer and First Family Trump leaves Biden a note before departing White House Trump has talked to associates about forming new political party: report CNN describes crowd at Trump's departure as 'the smallest' of his presidency Trump bids farewell to Washington, hints of comeback AP Fact Check: Trump’s fiction in his goodbye to Washington With 400,000 Americans dead from COVID-19, Trump refers to the pandemic in past tense
(DBN)

Donald Trump facing 'financial minefield' after leaving White House
(DBN)

Nov. 2016: Donald Trump's 50 Campaign Promises
(DBN)

Obama to Biden before inauguration: 'This is your time'
(DBN)

In Depth: Here Are the 17 Executive Orders Joe Biden Issued on Day One On Day One, Biden to undo Trump policies on climate, virus Here are the actions Biden plans to take on Day One of his presidency Biden to reverse transgender military ban imminently, White House says Biden Chief of Staff Orders Full Regulatory Freeze Biden Pauses Deportations for 100 Days
(DBN)

GOP pollster says Biden will struggle to unify the divided nation post-Trump
(DBN)

A parade of purple at Biden inauguration
(DBN)

Biden to overturn Trump order excluding undocumented immigrants from census
(DBN)

‘He Was Just Everywhere’: A Tired Country After Four Years of Trump
(DBN)

QAnon believers grapple with doubt, spin new theories as Trump era ends: 'We all got played' Increasingly militant 'Parler refugees' and anxious QAnon adherents prep for doomsday QAnon Supporter Asked Authorities If He Was Being 'Duped' After Expecting Pence Arrest at Insurrection: Testimony QAnon faces the music Some Proud Boys are Now Mocking Trump
(DBN)

How the far-right fell into line behind Donald Trump
(DBN)

Trump extended Secret Service protection to his adult children, three top officials as he left office
(DBN)

On conservative talk radio, efforts to tone down inflammatory rhetoric appear limited
(DBN)

An Impeachment So Nice They Did It Twice
(DBN)

‘Really quite shocking’: Inside the ugly transition at the Pentagon
(DBN)

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Economy:

By the numbers: The impact of the $15 minimum wage 'Irresponsible' and 'long overdue': What economists and workers say about Biden's bid for a $15 minimum wage and end to tip credits Evercore Co-CEO Says $15 Wage Hike Is Needed, Despite Pushback
(DBN)

White House says $1.9 trillion COVID-19 relief proposal based on specific needs
(DBN)

The middle class is stressed and the pandemic isn't helping
(DBN)

Biden's first year could see record employment growth. More will be needed
(DBN)

The Fed under Biden: New mandates, a close White House tie and challenges ahead
(DBN)

US Chamber of Commerce to Biden, Congress: Business community 'ready to help'
(DBN)

Janet Yellen said all the right things to reassure the markets Yellen's call to 'act big' reflects long re-think on big government debt Senate panel to meet on Yellen nomination for Treasury on Friday
(DBN)

The U.S. now has a debt level that rivals Italy’s
(DBN)

Charts: Biden's Inherited Economy
(DBN)

Dear Joe Biden, deficits still matter
(DBN)

Yellen confirmation hearing shows real fight will be over taxes
(DBN)

Biden Inherits an Older, Polarized and Financially Insecure Nation
(WSJ)

3 ways President Biden's proposed stimulus checks will be different from Trump's payments
(DBN)

Texas and Florida could become the next business hubs as employers look to flee San Francisco and New York City
(DBN)

Cramer says the market could ‘explode’ if Biden improves Covid vaccine rollout
(DBN)

'This is sheer economic waste': Our $1,200 stimulus 'gift cards' should have gone to poor Americans. Why did we get them?
(DBN)

10 Common Myths About Remote Work
(DBN)

Biden’s Plans to Fight Inequity Prove Light on Specifics
(DBN)

North American Rail Traffic Rose 8.6% in Week Ended Jan. 16
(DBN)

How offshoring rolled along under Trump, who vowed to stop it
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy Court Denies Retail Debtor’s State-Law Based Arguments to Avoid Paying Rent During Chapter 11
(DBN)

Spike in lumber and land prices causes homebuilder confidence to fall U.S. Homebuilder Confidence Fell to a Four-Month Low in January
(DBN)

Biden will extend nationwide eviction moratorium in executive order Biden to Extend CDC’s Moratorium on Evictions and Foreclosures
(DBN)

Biden’s executive order will extend foreclosure moratorium
(DBN)

Four bankrupt Brooklyn rentals look to escape rent regulation
(DBN)

____________

Oil/Gas:

Oil Producers Face a Long Haul Back to Business as Usual
(DBN)

Biden blocking Keystone threatens to end era of mega pipelines
(DBN)

Over 100 oil and gas companies went bankrupt in 2020
(DBN)

Borr Drilling Reaches Agreements with Creditors to Improve Liquidity
(DBN)

Biden announces return to global climate accord, new curbs on U.S. oil industry
(DBN)

SpaceX To Repurpose Oil Rigs For Launch Pads
(DBN)

Can Shale Resist The Lure Of Another Output Surge?
(DBN)

____________

Healthcare:

Biden to overhaul U.S. pandemic management as death toll heads above 402,000
(DBN)

Covid Death Rate in U.S. Expected to Dip Further in Next Month
(DBN)

Biden's Plans to Tackle the Pandemic
(DBN)

Pope Francis takes aim at anti-mask protesters: 'They are incapable of moving outside of their own little world'
(DBN)

Grocery store chain LIDL giving employees paid time off to get coronavirus vaccine
(DBN)

Read the full letter Amazon sent to Biden offering to help with Covid-19 vaccines
(DBN)

Starbucks is helping people get Covid vaccines—here are the problems its solved
(DBN)

Vaccine Shortage Puts Americans on the Road in Search of Shots
(DBN)

NYC Reschedules 23,000 Vaccine Appointments Due to Shortage
(DBN)

Unions wade into debate over requiring COVID-19 vaccine
(DBN)

Israel is warning that a single dose of the Pfizer vaccine is 'less effective than we hoped' against COVID-19, and it could be a blow to the US and UK strategies
(DBN)

South African Study Into New Virus Strain Raises Vaccine Fears
(DBN)

Fauci to lead U.S. delegation at WHO as Biden plans to reverse Trump withdrawal
(DBN)

Surgeon General resigns at Biden's request
(DBN)

Biden to overhaul U.S. pandemic management as death toll heads toward 402,000
(DBN)

Black Americans are dying from COVID-19 at higher rates than others — but they are also getting vaccinated at lower rates
(DBN)

Is Mask-Slipping the New Manspreading?
(DBN)

____________

Climate:

Wildfires hit Northern California after destructive 2020 season
(DBN)

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Retailing:

Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy
(DBN)

Luxury fashion platform Mytheresa valued at $2.2 billion in U.S. IPO
(DBN)

Biden-backed stimulus checks could give the retail sector a badly needed boost
(DBN)

____________

Maritime:

WFW advises group of core creditors on Bourbon Maritime debt restructuring
(DBN)

'Back us or lose us' – PIL's final desperate plea to creditors
(DBN)

____________

Newspapers:

The fight for the future of America’s local newspapers
(DBN)

____________

Student Debt:

Biden to Extend Student-Loan Payment Freeze Until September
(DBN)

3 steps a millennial couple took to pay off $118,000 of student-loan debt in just one year
(DBN)

We Must Have Education Reform Before We Can Start Forgiving Student Loans
(DBN)

One of Biden's first moves will be extending the student-loan payment pause through Sept. 30
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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:

BK CD CA: December filings, pretty low again
(DBN)

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Bankruptcy Crimes:

Owner of online Payday Loan Company pleads guilty to bankruptcy fraud A Kansas City payday loan magnate waives indictment, admits guilt to federal charge
(DBN)

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Automatic Stay:

SCOTUS opinion analysis: A narrow win for creditors
(DBN)

Update: Supreme Court Resolves Circuit Split Regarding Pre-Bankruptcy Seizure
(DBN)

Supreme Court Holds That a Non-Debtor Retaining a Debtor’s Property Does Not Exercise Control Over the Property in Violation of the Automatic Stay
(DBN)

U.S. Supreme Court Gives Good News to Secured Lenders, Tempered with Words of Caution
(DBN)

____________

Aviation:

United Airlines wraps up one of the worst years in its history with $7 billion loss in 2020 United Airlines pledges more cost cuts after pandemic-driven quarterly loss
(DBN)

FAA approves Iowa airport's virus screenings, a possible model for others
(DBN)

Options traders are betting United Airlines could tumble on earnings
(DBN)

France To Continue Financial Support For Air France In Coming Months - Economy Minister
(DBN)

Malaysia Airlines gets UK court green light for creditors’ meeting
(DBN)

Norwegian Air gets government backing for survival plan Norwegian Air Wins State Backing for Slimmer Survival Plan
(DBN)

Airline Leaving ‘Groundscraper’ Shows Europe Office Market Risks
(DBN)

____________

Sports:

NBA could vaccinate players as public service announcement
(DBN)

Georgetown postpones fourth consecutive game due to covid-related issue in program
(DBN)

NBA to enforce rules forbidding hugs, handshakes with midcourt security
(DBN)

____________

Crypto:

Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing
(DBN)

____________

Food/Beverage:

Restaurants Get Sales Lift from Latest Stimulus Checks
(DBN)

Did shutting down outdoor dining contribute to California's COVID-19 surge?
(DBN)

NPC Approved to Sell Pizza Hut, Wendy’s Outlets for $800 Million
(DBN)

____________

Autos:

Ex-VW Manager Schmidt Gets Early Release From Diesel Prison Term
(DBN)

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Pensions:

Democrats eye union pension rescue as part of coronavirus aid
(DBN)

____________

Media:

Fox News has reportedly laid off at least 16 staffers. They include political editor Chris Stirewalt, who defended the network's Arizona election call that angered Trump.
(DBN)

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Hotels:

U.S. Hotels Suffered Worst Year Ever With ‘Nearly Zero Profit’
(DBN)

Queen Mary operator files for Chapter 11 bankruptcy
(DBN)

Eagle Hospitality Trust entities file for bankruptcy protection in the US
(DBN)

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UK:

BOE’s Bailey Says Economy Will Adapt to New Lockdown Vallance Says Lockdown Must Stay as U.K. Hospitals Like War Zone
(DBN)

U.K. Suffers Deadliest Day of Pandemic, With Some Hospitals ‘Like a War Zone’
(DBN)

Sunak Plans Extension of Pandemic Job Support in U.K. Budget
(DBN)

U.K. Treasury Given Bleak View of 2021 in Independent Forecasts
(DBN)

Brexit: My Meat Shipment Rotted in EU
(DBN)

____________

PIIGS:

Portugal Reports Record Number of Daily New Coronavirus Cases
(DBN)

____________

Canada:

Chandos upheld by Supreme Court of Canada: the anti-deprivation rule in Canada
(DBN)

Silver lining: Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on
(DBN)

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Switzerland:

Swiss Extend Job Furlough Program as Covid-19 Pandemic Endures
(DBN)

____________

Germany:

Germany Toughens Mask Rules in Hopes of Slowing Virus Spread
(DBN)

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Brazil:

New Brazilian Bankruptcy Law Is a Risk to Corporate Recoveries
(DBN)

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Hong Kong:

Without Further Ando, Time for Recognition and Reciprocity in Cross-Border Insolvency
(DBN)

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MENA:

New Restructuring Era in Debt-Laden Gulf Sets Off Hiring Spree
(DBN)

Cash-strapped Pakistan sinks into debt trap
(DBN)

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India:

Market now getting ready for ultra-fast pre-pack
(DBN)

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