January 7, 20201

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Albatross Of Six-Figure Student Loan Debts Stymieing Young Lawyers’ Pursuit Of Meaningful Work
(DBN)

Associate Compensation Scorecard: Biglaw’s 2020 Bonus Bonanza
(DBN)

Norton Rose Names Two Bankruptcy Partners
(DBN)

Restructuring Lawyer John Mills Joins Jones Walker
(DBN)

First-Year Associates Are Facing Challenges They Never Could Have Anticipated
(DBN)

Anticipating 'Bankruptcy Insanity' in Near Future, Boutique's Lawyers Jump to Big Firm
(DBN)

Foley & Lardner’s Wild Week
(DBN)

Trump’s Georgia Call Lawyer Blames ‘Leftist Groups’ for Exit
(DBN)

Apple’s Top Lawyer Adams Earned Over $26 Million in 2020
(DBN)

Rudy Giuliani threatens ‘trial by COMBAT’ At Trump Rally, Rudy Giuliani Admits 'We Will Be Made Fools of' If People Don't Go to Jail
(DBN)

‘Impeach Him and Remove Him Tonight’: Attorneys Call for Second Trump Impeachment, Possible ‘Sedition’ Prosecution Following Capitol Coup
(DBN)

Federal judge will mull election suit sanctions, says courts aren’t for ‘symbolic political gestures’
(DBN)

'Inciting a Riot': Legal Community Erupts in Calls for Trump’s Removal as Mob Storms Capitol
(DBN)

Bill Barr Calls Riots Despicable
(DBN)

Legal Twitter Reacts To The Rule Of Law Collapsing
(DBN)

Trump’s MAGA Coup Attempt Must Be ‘Condemned’
(DBN)

ABA president condemns mob assault on Capitol as Rep. Gohmert asks SCOTUS to stop Pence
(DBN)

Biden to pick Merrick Garland for attorney general In 'Middle Finger' to Mitch McConnell, Biden Will Nominate Merrick Garland as Attorney General
(DBN)

If Trump pardons himself now, he'll be walking into a trap
(DBN)

James Comey: Donald Trump should not be prosecuted after leaving office Lawyers Slam James Comey for Saying Biden Admin Shouldn’t Prosecute Trump ‘No Matter How Compelling the Roadmap'
(DBN)

Louisville Police Fire 2 Detectives Involved in Fatal Raid on Breonna Taylor's Apartment
(DBN)

5 Terrorism Trends to Watch in 2021
(DBN)

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Judges:

Liberals to Breyer: Time to retire
(DBN)

Suspension sought after appeals judge is accused of making himself a beneficiary of ex-client’s will
(DBN)

Fifth Circuit Holds Rare In-Person Arguments Amid Pandemic
(DBN)

Justice Department, federal court system hit by Russian hack
(DBN)

Judiciary Addresses Cybersecurity Breach: Extra Safeguards to Protect Sensitive Court Records
(DBN)

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Wall Street:

Stock futures rise, adding to Wednesday’s gains, despite turmoil at U.S. Capitol
(DBN)

Dow soars more than 400 points amid Capitol turmoil
(DBN)

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Layoffs:

Albertsons Laying Off Unionized Delivery Drivers In Pivot To DoorDash
(DBN)

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Politics:

Trump lies about election results at rally challenging Biden win
(DBN)

Trump rails against ‘B------- election’ at huge MAGA rally and tells Pence ‘do the right thing’ to stop Biden win Trump unleashes fury at political rivals and allies alike Trump Incites Rioters
(DBN)

Trump claims he'll lead march to the Capitol, only to slip back to White House in motorcade
(DBN)

4 Dead, At Least 52 Arrested After Pro-Trump Mob Storms U.S. Capitol
(DBN)

Donald Trump Says Violent Insurrection that Killed at Least One Person Was Justified
(DBN)

Senate evacuated, VP Pence ushered to secure location after pro-Trump protesters storm Capitol Rioters storm Capitol after Trump urges action, halting declaration of Biden victory Protesters breach Senate chambers at U.S. Capitol Pro-Trump protesters swarm Capitol amid challenge to his election loss Biden says Trump must 'step up' and urge supporters to end 'siege' of Capitol building 'It's insurrection,' Biden says, as Trump supporters storm U.S. Capitol Trump calls for peace, tells protesters to go home Guns out, windows smashed: Trump crowd turns Congress into battlefield MAGA fans scream ‘f**k fake news’ as they storm press and destroy equipment in shocking scenes Protesters leave trail of damage throughout US Capitol building This is Trump's Legacy The Capitol siege's QAnon roots Mass Delusion in America Trump’s Internet Is Celebrating A Trump supporter called C-SPAN in tears to ask if her president had lied to her
(DBN)

Guns and teargas in U.S. Capitol as Trump supporters attempt to overturn his loss
(DBN)

A day of crisis at the US Capitol, fact-checked
(DBN)

Paxton Claims the Rioters Were Antifa Tucker Carlson on Riots: It Was the Violent Left
(DBN)

Lawmakers vow to investigate police after Capitol Hill breach Ex-U.S. Capitol Police chief says he would ‘be fired’ for Capitol takeover This Riot Was Planned in the Open for Weeks: Police Weren't Ready? That We Couldn't Secure Congress is a Problem
(DBN)

U.S. Capitol secured hours after pro-Trump rioters invade Congress Pence, Not Trump, Called For the Guard
(DBN)

Ivanka Trump Called Pro-Trump Insurrectionists Laying Siege to U.S. Capitol ‘American Patriots’
(DBN)

Carnage at the Capitol: Four dead, pipe bombs, guns and Molotov cocktails are found and Senators return to the chamber under armed guard
(DBN)

A Single Day Shakes Two Presidencies, Two Parties and One Nation to the Core
(WSJ)

Mattis says assault on Capitol was "fomented by Mr. Trump" Riot on Capitol Hill ‘consequence of the last 4 years,’ former Defense Secretary Chuck Hagel says ‘Our Constitution and our Republic will overcome this stain:’ Mattis blames Trump for violence at Capitol
(DBN)

Donald Trump’s history of encouraging hate groups and violence, from 2015 to 2021
(DBN)

Pentagon, lambasted for heavy response in the past, on sideline during Capitol melee
(DBN)

UK Prime Minister Boris Johnson leads politicians from across spectrum slamming 'disgraceful scenes' from Trump mob World stunned by subversion of U.S. democracy after pro-Trump throng breaches capitol Israel's Netanyahu condemns the attack on Congress ‘Anarchy in the USA’: Global media reacts to U.S. Capitol chaos The World Watched in Horror ‘Trump Incites Mob’, ‘Democracy Fractured’: World’s Newspapers Dominated By Coverage Of Capitol Hill Violence Merkel angry, sad after 'rioters' stormed U.S. Capitol
(DBN)

Former presidents denounce "insurrection" at U.S. Capitol Obama: GOP’s ‘fantasy narrative’ about election spurred today’s violence George W. Bush’s chief of staff calls Trump a ‘mob leader’ after Capitol riots
(DBN)

Riot ‘was a terrorist attack on our Congress,’ presidential historian says
(DBN)

Trump Cabinet officials condemn Capitol riots, but avoid criticizing the president Reports: Cabinet Members In Discussions To Remove Trump As President By Invoking 25th Amendment
(DBN)

At Least Four White House Officials Resign After Capitol Breach With More Expected
(DBN)

Pence says he lacks authority to throw out Electoral College votes Pence Breaks With Trump Moments Before GOP Mob Storms U.S. Capitol Complex Trump Bars Pence Chief of Staff from WH
(DBN)

Congress confirms Biden election as president, morning after Trump-fueled mob invades Capitol 57% of House GOP Vote to Reject Biden Win Cruz's Vote Speech Will Live in Infamy Ted Cruz Faces Calls to Resign Objections To Three Swing States’ Electors Fall Flat After Senators Refuse To Participate; Hawley Forces Debate On Pennsylvania
(DBN)

Trump pledges "orderly transition" after Congress certifies Biden's win
(DBN)

Louie Gohmert and Sidney Powell Are Still Asking SCOTUS to Let Pence Reject Certified State Election Results
(DBN)

Republicans object to Electoral College certification
(DBN)

Republicans consider drastic options to stop Trump Democrats talk about 25th Amendment, impeachment after Capitol riots “They’re Being Told to Stay Away from Trump”: After a Day of Violence and 25 Th Amendment Chatter, Trump’s Allies Are Jumping Ship
(DBN)

Trump Must Pay Outrage at Trump Grows After Riot
(DBN)

Social media platforms muzzle Trump after Capitol melee
(DBN)

Arrests as Trump backers protest in D.C. ahead of major rally
(DBN)

'We will not take it any more,' Trump says as anti-Biden protesters storm U.S. Capitol grounds
(DBN)

Trump’s false claims on a day of reckoning
(DBN)

After escalating attacks, Trump urges 'peaceful' protest
(DBN)

McConnell: "Our democracy would enter a death spiral" if Congress overturned election McConnell's Impassioned Democracy Speech
(DBN)

Republicans enabled Trump. Then, a few strangled him
(DBN)

Romney says Trump has "disgraced the office of the presidency"
(DBN)

Trump targets Liz Cheney and other Republicans as "weak" in new escalation of GOP civil war
(DBN)

MAGA Rioter Takes Over Pelosi's Desk Rioters Loot, Vandalized Pelosi's Office
(DBN)

Trump's online base sours on Pence
(DBN)

D.C. Mayor Bowser imposes 6 p.m. curfew
(DBN)

An explosive device is found at the R.N.C., and the D.N.C. is evacuated.
(DBN)

Federal and local law enforcement responding to reports of possible pipe bombs across DC
(DBN)

Protesters disperse from inside Kansas Statehouse
(DBN)

Militia members gather outside the Georgia Capitol as pro-Trump rioters storm Washington DC
(DBN)

Trump mob storms Democrat Washington Gov. Jay Inslee's mansion as protesters surround Texas, California, Michigan, Georgia, Oregon AND Kansas state capitols Texas Closed State Capitol on DC Riots
(DBN)

Warnock, Ossoff win in Georgia, handing Dems Senate control
(DBN)

Trump privately admits it’s over, but wants to brawl for attention
(DBN)

Fox News Cuts Away From Don Jr. Speech After He Starts Screaming Profanities
(DBN)

Even If It's 'Bonkers,' Poll Finds Many Believe QAnon And Other Conspiracy Theories
(DBN)

GOP officials, donors blame Trump for weak Republican showing in Georgia runoffs Republicans turn on Trump after Georgia loss
(DBN)

GOP pollster: Dem strength in Georgia runoffs sends warning to Republicans about their behavior
(DBN)

‘Only in America’: Warnock’s rise from poverty to US senator By RUSS BYNUM 2 hours ago
(DBN)

Obama: "John Lewis is surely smiling down on his beloved Georgia"
(DBN)

____________

Economy:

Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says U.S. private payrolls post first decline in eight months as COVID-19 cases skyrocket ADP: Private Employment decreased 123,000 in December
(DBN)

Fed says changes to bond-buying hinge on 'qualitative' call on economy FOMC Minutes: "Uncertainty surrounding the economic outlook"
(DBN)

Corporate directors see broader economic recovery taking more than two years, survey finds
(DBN)

Surveying the Damage
(DBN)

Two-Thirds Of Stimulus Checks Worth $112 Billion Have Already Reached Bank Accounts
(DBN)

Newsom Proposes $600 Payment for Low-Income Californians
(DBN)

$2,000 stimulus checks possible if Democrats win Senate majority Schumer: First priority in new Senate is $2,000 stimulus checks
(DBN)

Some Americans learn they won't get a stimulus payment until they file their 2020 taxes
(DBN)


States prepare to pay extra $100 unemployment to mixed earners, delays expected
(DBN)

$15 minimum wage edges closer as Democrats near Senate control
(DBN)

Cash in circulation is soaring, and that usually means good things for the economy
(DBN)

U.S. may see underpopulation, not overpopulation, due to falling birth rates and economic crises
(DBN)

U.S. Heavy Truck Sales down 5% Year-over-year in December
(DBN)

SMBs Brace For Potential New Round Of Lockdowns As COVID Cases Rise
(DBN)

JPMorgan CEO Jamie Dimon Calls for Violence to Stop at Capitol Google CEO strongly condemns violence and lawlessness in D.C. Corporate group urges officials consider Trump's removal 'to preserve democracy'
(DBN)

U.S. trade group asks VP Pence to ‘seriously consider’ invoking 25th Amendment to remove Trump
(DBN)

Goldman Raises U.S. Forecast After Democrats Win Senate
(DBN)

World food price index rises for seventh month running in Dec
(DBN)

Ratings Outlooks Turn Negative for Many Non-bank Financial Institutions, Fitch Ratings
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

MBA: Mortgage Applications Decrease "Over a Two-Week Period" in Latest Weekly Survey
(DBN)

COVID-19, Force Majeure and ‘Pause’ Orders in Bankruptcy Cases
(DBN)

Rent Abatement Litigation Could Continue to Alter Landlord-Tenant Landscape
(DBN)

What a Democratic-controlled Congress could mean for struggling renters
(DBN)

Mortgage demand from homebuyers pulled back, even as rates ended 2020 near record low
(DBN)

Las Vegas Real Estate in December: Sales up 27% YoY, Inventory down 38% YoY
(DBN)

PREIT dodges delisting after stock price stabilizes on emergence from bankruptcy
(DBN)

____________

Municipalities:

Puerto Rico oversight board gears up for latest challenge to debt restructuring
(DBN)

Puerto Rico May Have Its Best Shot Ever at U.S. Statehood — Here’s What You Need to Know
(DBN)

____________

Oil/Gas:

Shale CEO Sees Slow U.S. Oil Output Recovery Despite OPEC Pact
(DBN)

Sales of battery-electric vehicles in Germany triple in 2020
(DBN)

Washington state proposes legislation to phase out natural gas utility service
(DBN)

____________

Retailing:

Charming Charlie Continues Brick-And-Mortar Comeback 18 Months After Bankruptcy
(DBN)

JCPenney Is Getting A New Start In 2021, But Its Old Problems Remain
(DBN)

As JCPenney’s CEO exits, a turnaround is still far away
(DBN)

Finally, a Use for the Old Sears: Covid-19 Vaccine Center
(WSJ)

$900 Billion Stimulus Throws a Rope, but Retail Needs More
(DBN)

____________

Sports:

NFL is still committed to playoffs despite more Covid-19 outbreaks
(DBN)

Boston University Basketball Team Wears Masks During Monday’s Win At Holy Cross
(DBN)

____________

Autos:

December Vehicles Sales increased to 16.27 Million SAAR; Annual Sales off 14.7%
(DBN)

Ford’s U.S. sales fell 15.6% in 2020 due to Covid and F-150 availability
(DBN)

____________

Golf:

Former River Bend Golf Club operator files for bankruptcy
(DBN)

____________

Maritime:

Shipping Rates Soar As Pandemic Demand Surges
(DBN)

____________

Movie Theaters:

Cinepolis Enlists Lazard to Save Its Global Web of Posh Cinemas
(DBN)

____________

Student Debt:

He Paid Off $34 Million Of Student Loans—Now, He Has A New Proposal
(DBN)

____________

Finance:

Debtors Still Left in Doubt as to Availability of PPP Loans
(DBN)

New COVID-19 Relief Law Includes Limited Bankruptcy Protections Regarding PPP Loans
(DBN)

Additional Relief Under the Paycheck Protection Program is on Its Way
(DBN)

____________

Crypto:

Cred Borrower Seeks To Hit Third Parties For Collateral Loss
(DBN)

____________

Agribusiness:

Farm Bankruptcies Drop Thanks To Federal Aid, But Falling Cash Receipts And Elevated Debt Portend Trouble Ahead
(DBN)

____________

Utilities:

FirstEnergy faces another audit as advocates and others press for broader investigations
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Total Bankruptcy Filings Drop 30 Percent in Calendar Year 2020, Commercial Chapter 11s Up 29 Percent
(DBN)

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Safe Harbors:

Delaware Bankruptcy Court Splits from SDNY Decision on Safe Harbor-Protected Transfers by Financial Participants
(DBN)

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Corporate Governance:

Review of Target Board LBO Practices May Be Warranted Based on the Nine West Decision–But We Believe the Decision’s Impact Has Been Overstated
(DBN)

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Notice:

Informal but Actual Notice of Bankruptcy: What Difference Does It Make?
(DBN)

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Bankruptcy Strategy:

Navigating Chapter 11 Reorganizations during COVID-19: New Complications or Business as Usual?
(DBN)

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Small Business:

Small Business Reorganization Task Force Issues its Report
(DBN)

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Bankruptcy Policy:

Bespoke Bankruptcy
(DBN)

____________

Deadlines:

Bankruptcy Court Holds Federal Credit Union to be Governmental Unit for Purposes of the United States Bankruptcy Code
(DBN)

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Aviation:

Unruly mob on D.C. flight adds new security task for flight crews Flight attendant union wants pro-Trump rioters barred from flights
(DBN)

Out of cash, but airlines try ultra-cheap fares to get people flying again
(DBN)

Ryanair slashes flight schedule after UK lockdown
(DBN)

More Indian airlines could face bankruptcy in March when suspension of law is lifted: Report
(DBN)

Malaysia Airlines' debt restructuring nears completion - parent company
(DBN)

____________

Food/Beverage:

NYC restaurants start selling frozen dinners
(DBN)

____________

Telecoms:

Frontier agrees to fiber-network expansion in plan to exit bankruptcy
(DBN)

____________

Healthcare:

46 Hospitals File Suit To Reverse HHS Bad Debt Policy
(DBN)

How the new Covid-19 variants could pose a threat to vaccination
(DBN)

Moderna CEO says vaccine likely to protect for 'couple of years'
(DBN)

NYC Issues ‘Urgent' Warning for People 75+; State Awaits Results on 3 Tests for UK Strain
(DBN)

Severe coronavirus infections continue to mount
(DBN)

U.K. strain likely spreading in hard-hit California, officials warn
(DBN)

Los Angeles Covid-19 Update: County Records 1,000 Deaths In Just 6 Days; Virus Now Claiming More Lives Daily Than All Other Causes Combined
(DBN)

Governors scramble to speed vaccine effort after slow start
(DBN)

U.S. passes 21 million COVID-19 cases with record hospitalizations as states ramp up vaccination efforts
(DBN)

U.S. officials report more severe allergic reactions to COVID-19 vaccines
(DBN)

‘Very risky’ to delay second Covid vaccine shots, former FDA director says
(DBN)

Operation Warp Speed leader to stay on during Biden administration
(DBN)

Florida turns testing site in Miami into vaccination spot
(DBN)

Florida company accused of steering vaccines to rich donors
(DBN)In new U.S.-Europe air corridors, tourism experts see a strategy for quarantine-free travel
(DBN)

Trump administration speeds up plan to deliver Covid shots in pharmacies
(DBN)

Congressman announces positive COVID-19 test just hours after House floor vote
(DBN)

____________

UK:

The British Property Federation calls for overhaul of UK insolvency rules
(DBN)

England and Wales recorded most deaths last year for a century - ONS
(DBN)

Up to 4,000 financial firms could fail due to COVID, says UK regulator
(DBN)

Scarborough top for bankruptcy in England and Wales - pandemic is likely to make it worse
(DBN)

Experts warn 'Alice in Wonderland' Brexit deal is unstable
(DBN)

Britain used to be my home, but it's beginning to look unrecognisable to me
(DBN)

____________

EU:

Supply Chain Finance Firms Could See Spike In Defaults In Europe
(DBN)

____________

Canada:

New caselaw protects some landlords as 2021 ushers in steep rise in retail bankruptcies: lawyer
(DBN)

____________

Hong Kong:

Hong Kong arrests over 50 democracy activists in an unprecedented crackdown
(DBN)

____________

China:

China locks down part of province outside Beijing as coronavirus cases spike
(DBN)

____________

Japan:

Record number of restaurants and bars go bankrupt in 2020
(DBN)

____________

Germany:

Merkel Warns Toughest Months in Pandemic Fight Are Still to Come
(DBN)

____________

Thailand:

Thai economy may lose $10 bln in Q1 from new virus outbreak
(DBN)

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