August 25, 2022

The Daily Bankruptcy News

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Law:

Median lawyer income is dropping, when adjusted for inflation, study finds
(DBN)

ABA calls on legal professionals to 'step up' and serve as poll workers in upcoming 2022 elections
(DBN)

Guy Whose Entire Job Revolves Around Discussing How Law Impacts Our Lives Complains Woke Companies Are Responding To Legal Decisions
(DBN)

Federal appeals court bars libel prosecution based on state attorney general's campaign ad
(DBN)

New Mexico allows immigrants here illegally to obtain law licenses
(DBN)

Law Firm Must Pay $282,000 in Legal Malpractice Settlement Row
(DBN)

Lawyers could have chips implanted in their brain in bid to cut legal costs
(DBN)

California Legislature Bans State Bar From Spending Funds To Study Letting Nonlawyers Practice Law In The State
(DBN)

Student Loans Are A Real Sore Subject For Law School Grads
(DBN)

Biden's Bid to Ensure Emergency Abortion Access Is Rejected in Texas Federal judge blocks HHS emergency abortion guidance
(DBN)

Trump defiance of DOJ on classified docs comes into sharper focus Judge gives Trump until Friday to clarify request for special master on records seized by FBI FBI's Mar-a-Lago search followed months of resistance, delay by Trump Did the Mar-a-Lago breach damage national security? Spy agencies have yet to determine Trump keeps shooting himself in the foot on the Mar-a-Lago search Biden Says He Had 'Zero' Advance Notice of FBI's Mar-a-Lago Search Trump appears to concede he illegally retained official documents Foreign politicians, an indicted election clerk and Vanilla Ice: Inside the revolving door of Trump's Mar-a-Lago A Trump-appointed judge doesn't know what to make of the former president's lawsuit over the Mar-a-Lago search Archives asked for records in 2021 after Trump lawyer agreed they should be returned, email says How Trump has spent his days since the feds searched his home The Presidential Records Act and the Mar-a-Lago Documents
(DBN)

DOJ officials say they can't rely on what Trump's lawyers tell them because he often ignores advice and withholds information, report says
(DBN)

Congressman-Elect Deems Trump 'Essentially Traitorous,' Says 'If I Had Done What He Did, I Would've Been in Jail'
(DBN)

Justice Department releases Mueller-era memo on Trump prosecution 2019 DOJ Memo Recommending Against Charging Trump with Obstruction Finally Released After Court Fight 'That's not what our report said': Mueller lawyer nails Bill Barr for lying in bombshell Trump memo 'Garbage': Legal experts say Barr 'should be disciplined' after DOJ releases 'whitewash' memo on why Trump not charged Unredacted Barr memo details DOJ rationale for not charging Trump
(DBN)

Trump's Lawyers Should Be 'Embarrassed' By This 'Unusual And Bizarre' Filing -- But They Won't Be
(DBN)

Weird How All Trump's Old Lawyers Are Washing Their Hair This Week
(DBN)

With The Way Trump Is Hiring His Lawyers, An Enterprising 2L May Be His Next Representative
(DBN)

Everyone Knows Steve Bannon Got Convicted Of The Exact Same Crime. But What Peter Navarro's Defense Assumes Is ... Maybe He Didn't?
(DBN)

Trump, Without the Presidency's Protections, Struggles for a Strategy
(DBN)

Trump's Latest Courtroom Blunder Is Wild—Even for Trump
(DBN)

Bronx Judge Pivots, Will Allow Press At Trump Jury Selection
(DBN)

GOP Rep. Scott Perry sues for return of phone data seized by federal investigators
(DBN)

Rudy Giuliani Secretly Recovered From Drinking and Depression at Mar-a-Lago, Book Claims Giuliani's ex-wife says he was often drinking and 'always falling' down after losing the 2008 presidential nomination: book
(DBN)

Lindsey Graham Makes Fresh Case for Avoiding Georgia Election Testimony In Legal Memo, Sen. Lindsey Graham Says that Questioning Him About Alleged Post-Election Calls with Georgia Officials Is 'Unconstitutional' Lindsey Graham: I'm Above the Law
(DBN)

Jan. 6 panel investigators traveled to Copenhagen to view Stone footage 'I'm storming the capital haha': Trump supporter boasted of Jan. 6 actions to coworker who immediately turned him in Feds charge members of 'B Squad' militia allegedly run by former GOP House candidate in Jan. 6 case This Jan. 6 Rioter Is Posting Death Threats Against the FBI FBI Arrests Members of Right-Wing Militia 'B Squad' Who Allegedly Faced Off Against Police in Violent Capitol Tunnel Confrontation on Jan. 6
(DBN)

Police investigating 'swatting' call directed at Marjorie Taylor Greene's home
(DBN)

Reports of racism for Memphis steakhouse pour into TV station after initial report over racial profiling
(DBN)

Black pastor is handcuffed for watering his neighbor's flowers while they were out of town and charged despite white woman stepping in and telling cops 'he lives right there'
(DBN)

Cop Handcuffed Pregnant Mom at Gunpoint While Her 3 Kids Watched
(DBN)

GOP Governors Bus Migrants to Blue Cities, but Many Exit in Red States NYC officials claim Gov. Abbott bar-coding migrants sent on buses from Texas
(DBN)

Postal Worker Mauled to Death on the Job After 5 Dogs Escape Owner's Property and Ignore Warning Shots
(DBN)

Ghislaine Maxwell Sued by Law Firm for Non-Payment of Bills
(DBN)

Harvey Weinstein Granted an Appeal
(DBN)

Jury Awards $31M to Vanessa Bryant and Chris Chester in Lawsuit Against LA County Over Fatal Helicopter Crash Photos
(DBN)

Biden Wins Emergency Abortion Access Ruling in Idaho Federal judge blocks part of Idaho's near-total abortion ban in win for DOJ Abortion-rights groups sue Texas AG, prosecutors to protect ability to help pregnant Texans seek legal abortions in other states Minnesota Set to Become "Abortion Access Island" in the Midwest, but for Whom? Proposal to put abortion protections in California Constitution appears headed for victory
(DBN)

Woman sues psychiatrist for approving gender transition after just one meeting
(DBN)

Man 'Responsible' for 'Never Forgotten' 1986 Cold Case Murder of College Sophomore in Massachusetts Is Now Indicted: DA
(DBN)

Uvalde Police Chief Fired
(DBN)

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Judges:

BK ND MS Seeks Term Law Clerk
(DBN)

Blind state Supreme Court justice drives for first time
(DBN)

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Wall Street:

U.S. stock futures are higher after Dow, S&P 500 break three-day slide
(DBN)

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Layoffs:

When Your Boss Is Crying, But You're the One Being Laid Off
(DBN)

Tier Mobility lays off 180 people amid poor funding climate
(DBN)

Title insurer Doma lays off 250
(DBN)

US Xpress to lay off up to 10% of workforce in latest job cuts
(DBN)

Medical marijuana grow facility south of Tucson laying off 103 workers
(DBN)

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Student Debt:

Biden's student loan test
(DBN)

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Autos:

Elon Musk Tells Tesla Owner Don't Complain About Buggy Driving System
(DBN)

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Tax:

Offshore Tax Loophole Helps Americans Cheat IRS, Senate Says
(DBN)

IRS Will Wipe Away $1.2 Billion in Late Fees From Pandemic
(DBN)

'Cash Cow' Yoga Chain Skirted Taxes as Leaders Lived Lavishly, Feds Say
(DBN)

____________

Retailing:

Bed Bath & Beyond Picks Lender for Fresh Cash After Sales Slump
(DBN)

Bed Bath & Beyond's Challenges Linger After Loan Deal
(WSJ)

Nordstrom plans 'aggressive' markdowns to clear inventory, and analyst sees 'volatile' path ahead
(DBN)

Lower-Income Shoppers in US Scale Back as Inflation Bites
(DBN)

Private label ousting big brands as cost of living crisis grows
(DBN)

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Crypto:

Voyager Gets Bankruptcy Court Approval on $1.6 Million in Key Employee Bonuses
(DBN)

Voyager Digital Defends Billionaire Mark Cuban; Seeks Stay Of Lawsuit Against Him, CEO
(DBN)

Subprimate crisis: how monkey JPEGs pushed a crypto lender to the brink of insolvency
(DBN)

Crypto's massive marketing efforts have drawn few new investors
(DBN)

____________

Movie Theaters:

Troubled Cineworld at 'high risk' of default, says RapidRatings
(DBN)

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Agribusiness:

USDA to allocate $550 million to support poor and marginalized farmers
(DBN)

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Healthcare:

Carestream Health files for Chapter 11 bankruptcy protection
(DBN)

Settlement proposed on millions that Iowa nursing home chain owes taxpayers
(DBN)

House COVID panel documents Trump pressure campaign on FDA
(DBN)

In the US, How Long You Live Depends on Which State You Live In
(DBN)

Pfizer Covid Pill: No Benefit for Under 65
(DBN)

World Monkeypox Cases Fall Despite Americas Spike, Supply Crunch
(DBN)

Georgia children diagnosed with monkeypox, according to health officials
(DBN)

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Economy:

Dip in inflation will likely be a cold comfort to Fed at Jackson Hole summit Central bankers head to U.S. mountains with a bad case of inflation reflux
(DBN)

Rise in U.S. business equipment spending allays recession fears US Capital Goods Exceed Forecast, Excluding Aircraft and Defense
(DBN)

Is a Global Recession Inevitable?
(DBN)

Pace of Climate Change Sends Economists Back to Drawing Board
(DBN)

Over 2 Million Americans Aren't Working Due to Long Covid
(WSJ)

Soaring electricity prices amid the global energy crunch have led to 20 million American households falling behind on their utility bills More Americans Than Ever Can't Afford to Pay Their Electric Bill
(DBN)

U.S. job growth through March revised higher- BLS
(DBN)

What Will Happen to Black Workers' Gains if There's a Recession?
(DBN)

US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds
(DBN)

Durable-goods orders flat, but businesses invest more in good sign for U.S. economy
(DBN)

Americans say they're not financially prepared for a recession, so they're cutting back on discretionary purchases 'making a contraction more likely'
(DBN)

U.S. consumer mood breaks "bummer summer" funk
(DBN)

Nobel prize winner says the U.S. needs a 1950s-style productivity boom
(DBN)

Food-Inflation Relief Comes Down to How Iowa Corn Crop Is Faring
(DBN)

Jerome Powell's Dilemma: What if the Drivers of Inflation Are Here to Stay?
(WSJ)

Black Workers Seeing Above-Average Wage Gains After Pandemic Hit
(DBN)

Russia August Oil Output Set for Decline After Months of Growth Russia Seen Floating Long-Term Oil Discounts Amid Price-Cap Push Norway Crisis Plan to Curb Power Flows Scolded by Neighbors Germany Gives Fuel Cargo Priority on Rail to Avert Energy Crunch Israel Eyes Gas Exports to Europe as Production Surges by 22% Europe's Utilities Seek Fresh Debt Funding as Tough Winter Looms Britain Imports No Fuel From Russia for First Time on Record Russia May Step Up Fuel Exports to Asia as EU Sanctions Tighten Zelenskyy says the Ukraine war woke up 'weak, disunited, passive, sleepy' Europe Russian consumer prices dip again but inflation expectations rise CF Industries to Halt Ammonia Output at UK Plant on Soaring Gas Prices Russian Industry Surprises With Smaller Drop as Economy Steadies Russian Seaborne Coal Exports Effectively Halted by EU Ban Belgium PM: "Next 5-10 Winters Will Be Difficult" As Energy Crisis Persists Macron warns 'sacrifices' ahead after 'end of abundance'
(DBN)

People facing acute food insecurity reach 340 million worldwide -WFP
(DBN)

Ranked: America's Best States to Do Business In
(DBN)

Fed Policy Revamp Turns Two in Jackson Hole. It's Not Aged Well
(DBN)

Americans more likely to say it's a bad thing than a good thing that more young adults live with their parents
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home prices fell for the first time in 3 years last month – and it was the biggest drop since 2011
(DBN)

These 183 housing markets could soon see home prices fall 20%, Moody's says
(DBN)

Housing Completions will Increase Sharply in Late 2022 and Early 2023
(DBN)

July Rental Report: Nationwide Rent Holds Steady Despite Big-City Resurgence
(DBN)

US housing market in 'much worse shape' than Fed admits: economist
(DBN)

Toll Brothers Home Orders Sink 60% as Rates Hit Luxury Buyers
(DBN)

Fearful of rising rates and high prices, desperate house buyers are compromising on their dream home — and living to regret it
(DBN)

Pending home sales slip 1% in July, but Realtors say market may be 'at or close to the bottom' U.S. Pending Home Sales Fall Less Than Expected in July US Pending Home Sales Drop to Lowest Since Start of the Pandemic Pending Home Sales Slide 1% MoM as Buyers Reach Financial Limits
(DBN)

8 cities where at least half of millennials can't afford to rent a 1-bedroom
(DBN)

Median rent prices hit all-time-high in July
(DBN)

Surging rents squeezing middle-class Americans the hardest, study shows
(DBN)

This is the best time in years to buy a house
(DBN)

'Renters are stuck between a rock and a hard place': Suburban rents are catching up with rents in big cities
(DBN)

The City Where People Cannot Sell Their Houses
(DBN)

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Municipalities:

Puerto Rico FY '22 revenues 24.5% higher than original projection
(DBN)

Dispute in Puerto Rico HTA case is apparently resolved
(DBN)

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Oil/Gas:

Europe's energy crisis is forcing up the price of U.S. natural gas
(DBN)

If oil and gas prices have fallen with little help from Biden, they rose for reasons beyond Biden's control
(DBN)

US Set to Ship Record Crude Into 2023 as Energy Crisis Deepens
(DBN)

Saudi Arabia's Oil Exports Surged to a Fresh High in June
(DBN)

California to Ban the Sale of New Gasoline Cars
(DBN)

Two Oil Price Crashes Later, Shale Investors Are Finally Being Paid
(DBN)

US Shale Could Erase Debt by 2024, Freeing Up Cash for Gas Pivot
(DBN)

____________

Education:

Book banned at a school named after its author
(DBN)

Is There Really a 'Catastrophic' National Teacher Shortage?
(DBN)

Unqualified educators will only worsen the teacher shortage
(DBN)

____________

Student Debt:

Biden announces $10,000 in student loan debt will be canceled for borrowers making under $125,000 What You Need to Know About Biden's Student Loan Forgiveness Plan
(DBN)

Here's the Legal Justification Cited by Biden Administration Attorneys for Student Loan Debt Forgiveness Plan
(DBN)

How much student debt does the average borrower owe?
(DBN)

U.S. student loan plan brings limited relief
(DBN)

What Student Loan Forgiveness Means for You
(DBN)

Biden's $10,000 student loan forgiveness could wipe out the debts of nearly half of all borrowers. But for others, it won't even make a dent
(DBN)

Americans Owe $1.75 Trillion in Student Debt
(DBN)

'Student loan socialism': McConnell slams Biden for forgiving $10K of student loan debt
(DBN)

Democrats' student loan backlash
(DBN)

More than $10B in student loans for public workers canceled ahead of broader Biden announcement
(DBN)

Student Debt Relief Package Could Lead To Deflation, U.S. Official Says
(DBN)

Biden Might Have Just Canceled All of Your Student Debt
(DBN)

Six reasons Biden should not cancel student debt
(DBN)

Biden student loan plans caught in inflation debate crosshairs Biden's Student-Loan Relief Adds New Wrinkle to Inflation Debate
(DBN)

How Student Loan Forgiveness Could Impact U.S. Economy
(DBN)

Student loan debt in America, in four charts
(DBN)

Life After Student Loan Debt
(DBN)

U.S. Student Loan Forgiveness Has Borrowers Hoping for Vacations, Medical School
(DBN)

The next student loan crisis
(DBN)

Here's what's inside Biden's historic student debt forgiveness plan
(DBN)

____________

Celebs:

'Real Housewives' Star Erika Jayne and Tom Girardi Are Auctioning Art to Pay Off Creditors 'Real Housewives of Beverly Hills' Star and Her Ex-Husband Will Give Up Art in Court-Ordered Auction Erika Jayne and Tom Girardi's vintage Steinway, first edition Machiavelli and Hockney painting up for sale in court-ordered auction amid legal woes
(DBN)

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Politics:

Five takeaways from primary night in New York, Florida 4 winners and 2 losers from the New York and Florida primaries
(DBN)

DeSantis Flattens Trump By 15 Points in 3-Way Race with Biden – Among Trump Voters
(DBN)

Several states see surge in women registering to vote following Supreme Court abortion ruling
(DBN)

25-year-old Maxwell Alejandro Frost wins Democratic nomination to succeed Demings
(DBN)

False accusations of election fraud prompt some election workers across the US to quit ahead of Election Day
(DBN)

Democrat's win in bellwether N.Y. House district showcases power of abortion rights message
(DBN)

Former Trump campaign co-chair in Alabama is charged with sex abuse
(DBN)

Ryan Zinke misled investigators when he was interior secretary, watchdog says
(DBN)

Democrats' stunning turnaround
(DBN)

Trump calls for McConnell to be ousted as GOP leader 'immediately'
(DBN)

LGBTQ+ candidates win in Florida in aftermath of 'Don't Say Gay'
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (2 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)

Mass Torts:

After Alex Jones' First 'Surreal' Trial, Sandy Hook Parents Targeted By Infowars Still Seek Justice
(DBN)

Opioid maker Endo paid top executives $55.5 million in bonuses before bankruptcy
(DBN)

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Trustees:

BK WD TN Seeks Ch. 13 Trustee
(DBN)

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Committees:

Revlon Shareholders Can't Form Own Bankruptcy Committee, Judge Rules
(DBN)

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Aviation:

West Coast airline goes kaput less than two weeks after expanding service into Idaho
(DBN)

Japan Easing Its Covid-Test Requirement for Vaccinated Travelers
(DBN)

Air New Zealand annual loss widens on COVID lockdowns
(DBN)

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Autos:

Missing parts, long waits, and a dead mouse: The perils of getting a Tesla fixed
(DBN)

U.S. new vehicle prices to hit record high despite rising interest rates
(DBN)

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Horse Racing:

Long, Twisted Zayat Bankruptcy Settlements Approved
(DBN)

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Religion:

Chattanooga's Venue Church files for bankruptcy as leaders vow it will survive and pay off debts
(DBN)

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Utilities:

FirstEnergy Bribery-Related Derivative Suit Settlement Receives Final Approval; What Happens Next?
(DBN)

20 Million American Households Are Behind On Energy Bills
(DBN)

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Hedge Funds:

'The riskiest loans are outside the banking system.' Regulators worry that hedge funds could spark the next financial crisis.
(DBN)

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Tech:

Musk Has to Meet Twitter Data Demand on Potential Investors
(DBN)

Twitter Is Facing Fresh SEC Scrutiny Over Spam-Account Calculations
(DBN)

Twitter Attorney Says Bot Data Given to Musk Was 'Explicitly an Estimate' Musk Lawyer Says Twitter 'Stonewalled' Bot Data Request
(DBN)

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Labor:

Starbucks union claims company closed two cafes in retaliation
(DBN)

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Distressed Investing:

Sign of the Times
(DBN)

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Fitness:

Peloton net loss widens amid turnaround efforts Peloton Gives Gloomy Forecast in Sign Comeback Is Still Far Off
(DBN)

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Cosmetics:

Why Revlon Stock Looked Ugly on Wednesday
(DBN)

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Fraud:

Finance Bromance Ends With Pal Wearing a Wire in Insider Case
(DBN)

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Climate:

China's Fragile Economy Is Being Hammered by Driest Riverbeds Since 1865
(DBN)

Hurricane season on the verge of rarely seen August without a named storm
(DBN)

China's shrinking 'kidney' lake lays bare growing climate challenges
(DBN)

As Colorado River Dries, the U.S. Teeters on the Brink of Larger Water Crisis
(DBN)

RBA urges business to act now on climate threats or face potential legal action
(DBN)

Lake Mead is Rising. At Least for Now
(DBN)

Rhine Water Level Set to Fall Again at Key German Chokepoint
(DBN)

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Sovereigns:

IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring Sri Lanka President meets IMF to hammer out credible plan for creditors
(DBN)

Ethiopia's public creditors recommit to debt relief
(DBN)

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UK:

Once Unthinkable Ideas Gain Traction to Fight UK Energy Crisis
(DBN)

'Uncomfortable and cold': Brits might ditch home working as heating bills soar
(DBN)

UK Energy Crisis Risks Squeezing Households More Than 2008 Crash
(DBN)

Atom Bank Says Four-Day Week Is The 'Future of Working Life'
(DBN)

Iceland Foods Debt Sinks Further Into Distress After Rating Cut
(DBN)

UK Supermarkets Are Throwing Away Expiration Dates on Food Items
(DBN)

UK economy edges closer to stagnation with factory slump
(DBN)

____________

EU:

European Governments Spend $278 Billion to Cushion Energy Crisis
(DBN)

European recovery set to stall, outlook cautious - Reuters poll
(DBN)

'New shock' for European markets as gas price spike fuels inflation fears
(DBN)

Euro-Zone Is Already in Recession on Energy Squeeze, UBS Says
(DBN)

____________

Canada:

Interest-Rate Hikes May Trigger Bigger Bills on 80,000 Mortgages, RBC Says
(DBN)

Scotiabank Hit by Wave of Downgrades After Earnings Fall Short
(DBN)

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Russia:

Majority of Americans say U.S. should back Ukraine until Russia withdraws
(DBN)

Six Months of Putin's War Unravels Russia's Superpower Image
(DBN)

Russia is paying a steep price for few gains as its war machine grinds to a halt after 6 months of hard fighting in Ukraine How do we know who's winning in Ukraine? Terrifying moment flesh-melting 'thermite bombs' that burn to the bone rain down on Ukrainian town Defiant Zelenskiy, on Independence Day, says Ukraine will never give up its freedom Six months of war in Ukraine — and it's only growing more dangerous Russian attack kills 25 civilians on Ukraine's Independence Day, Kyiv says 22 Dead as Russia Bombs Train Station Soldier's diary of Ukraine campaign exposes a Russian army in disarray
(DBN)

____________

China:

International show of support for Taiwan grows
(DBN)

BlackRock, UBS Among Funds Slashing Exposure to China Property
(DBN)

____________

Hong Kong:

Hong Kong Could Consider Tighter Curbs as Covid Cases Rise
(DBN)

____________

Singapore:

Singapore Draws Line Under Noble Group Saga With Fine, Warnings
(DBN)

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Iceland:

Iceland Hikes Key Rate to Six-Year High as Inflation Nears 10%
(DBN)

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Germany:

No right for full reimbursement after airline bankruptcy
(DBN)

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India:

A Twist in the Tale - Has the Supreme Court diluted the Insolvency and Bankruptcy Code?
(DBN)

Debt-ridden man poisons wife, 2 children, later hangs self
(DBN)

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Mexico:

Tortillas Help Drive Mexico's Inflation to New 21-Year High
(DBN)

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India:

Number of cases admitted through IBC in Q1FY23 higher than yr ago: Report
(DBN)

____________

Hungary:

Educated Women Are a Risk to Hungary's Future, State Study Says
(DBN)

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