August 3, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Law school applicants and applications have decreased, new LSAC data shows Law School Applications Are Way Down And It's Bad News For The Profession
(DBN)

Elite Restructuring Team Joins Dechert LLP
(DBN)

Law Firm's New Metaverse Shop Lets Attorneys Work From The Office While Working From Home
(DBN)

The Biglaw Firms Associates Rank As The 'Best Of The Best' (2022)
(DBN)

These Firms Have The Nuances Of Delaware Law On Lockdown
(DBN)

Dewey & LeBoeuf Implosion on New Bloomberg Documentary
(DBN)

This BigLaw firm may be the first to announce special bonuses this summer; will it be the last?
(DBN)

Alex Murdaugh stands accused of killing his wife and son. That's just scratching the surface.
(DBN)

Wealthy Dentist and Big-Game Hunter Convicted of Murdering Wife During 2016 African Safari and Defrauding Life Insurance Companies
(DBN)

DHS watchdog decries 'onslaught of meritless criticism' amid Jan. 6 Secret Service texts flap 'I'm Not Going to Move This Trial': Judge Overseeing Oath Keepers Seditious Conspiracy Case Refuses to Change September Trial Date Capitol rioter's son says Trump should also be in prison Joy Behar Says Jan. 6 Rioter Should "Scrub Nancy's Floors" on 'The View': "I Don't Think It's Gonna Help Anybody to Just Put Him in Jail" Jan. 6 texts of Trump Defense officials wiped clean by Pentagon Kansas Man Who Denies Turning Himself in to the FBI After Jan. 6 Gets Permission to Represent Himself
(DBN)

Federal Judge Rejects Trump's Absolute Immunity Claim and Refuses to Dismiss Lawsuits of Four U.S. Capitol Cops
(DBN)

Georgians can claim an embryo as a dependent on tax returns
(DBN)

Kansans vote to uphold abortion rights in their state Bipartisan senators introduce bill to codify abortion rights Kentucky judge revives state's near-total abortion ban Most voters support sending federal money to states in order to fund abortions: poll Justice Department Sues Idaho Seeking to Restrain State's 'Near-Absolute Ban on Abortion' When Pregnancy Threatens Health Where abortion access is guaranteed without Roe v. Wade Faith-based groups sue to overturn Florida's 15-week abortion ban US sues Idaho over abortion law, citing medical emergencies Kansas first state to vote on abortion since Roe's demise Why the Kansas abortion amendment is so confusing The uncomfortable problem with Roe v. Wade Biden's Health Agency Looking to Boost Abortion Patient Privacy Biden to Sign Another Executive Order on Access to Abortion Biden will order HHS to consider using Medicaid to support women seeking abortions across state lines
(DBN)

House panel subpoenas gun maker of rifle used in Highland Park shooting
(DBN)

Uvalde rekindles school police officer's looming fears
(DBN)

Indiana Man Charged with Murder Allegedly Fired Rifle at Police Officer at Least 36 Times During Traffic Stop
(DBN)

'They kill you, they kidnap you, they rape you': Trafficking victims speak of the dangers they face
(DBN)

12-year-old girl found walking on Alabama road leads to discovery of 2 bodies, arrest
(DBN)

Investigators Believe Presumed Killer Adopted His Brother's Identity and a Transient Lifestyle to Evade Cold Case Murder Arrest for Decades
(DBN)

TX: Trial Begins for Father in Honor Killings
(DBN)

______________

Judges:

Supreme Court approval drops to record low among Democrats: Gallup
(DBN)

Magistrate judge resigns after he is charged with threatening man in vegetables dispute
(DBN)

2nd Circuit partly rules for jury-nullification advocate challenging limit on protests near courthouses
(DBN)

______________

Wall Street:

Stock futures rise as Wall Street tries to rebound from back-to-back losing sessions
(DBN)

Stocks fall a second day on U.S.-China tensions, hawkish comments from Fed leaders
(DBN)

Avaya, Goldman, JPMorgan Face Lender Ire After Loan's Collapse
(DBN)

______________

Layoffs:

Robinhood cutting about 23% of jobs
(DBN)

Wisconsin phone captioning firm to lay off over 600 employees
(DBN)

______________

Tech:

Twitter's subpoenas of Musk's banks offer clues to its legal strategy Twitter is dragging Elon Musk's billionaire friends into its $44 billion legal battle with a flurry of subpoenas
(DBN)

Trump's purported free speech social media platform Truth Social is hiding user posts, threatening to create a 'curated echo chamber,' research group finds
(DBN)

____________

Crypto:

Homeless, suicidal, down to last $1,000: Celsius investors beg judge for help
(DBN)

Zipmex allowing some altcoin withdrawals
(DBN)

Young crypto investors face repercussions in their personal lives
(DBN)

Bankrupt crypto lending platform Celsius is trying to hire its CFO back at $92,000 a month, filings say
(DBN)

Solana ecosystem hit by widespread hack draining thousands of crypto wallets
(DBN)

New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms
(DBN)

Crypto Lenders' Investors Wait Out Bankruptcy to Recoup Their Cash
(DBN)

Crypto customers need FDIC protection. Will they ever get it?
(DBN)

Lending Platform Vires.Finance Gets Go-Ahead for Repayment Plan
(DBN)

____________

Politics:

Five takeaways from primaries in Arizona, Missouri and beyond
(DBN)

Trump beats Biden, Harris in hypothetical 2024 match-up: poll
(DBN)

Two top House Democrats decline to say Biden should run in 2024
(DBN)

Trump Faces Questions About His Net Worth in Interview He Tried to Avoid
(DBN)

All eyes turn to Sinema as Dems face week that could transform Biden presidency Democrat Sinema's views on economic bill remain shrouded Sinema faces conflicting pressures in Arizona on Democrats' big agenda bill
(DBN)

GOP eyes 2024 payback for Manchin's Dems-only deal
(DBN)

Republicans look for escape hatch amid controversy on veterans bill Senate sends veterans toxic exposure bill to Biden's desk
(DBN)

AOC is the Democrats' best shot against Trump in 2024
(DBN)

Axelrod: Biden wins may reduce midterm headwinds facing Democrats to 'Category 3'
(DBN)

Democratic anxiety grows over Sinema's silence US, Arizona chambers run ads targeting Sinema, Kelly over reconciliation bill
(DBN)

Trump-Backed Conspiracy Theorist Vies to Take Over Arizona Elections Latest primaries feature deniers for state election posts Election-denier Mark Finchem wins Arizona GOP secretary of state primary, NBC News projects
(DBN)

Three who backed impeachment face voters
(DBN)

First look at new Dem poll shows pro-Trump-impeachment Republican in trouble
(DBN)

Rusty Bowers, a Jan. 6 committee star witness, loses GOP primary in Arizona
(DBN)

2024 GOP hopefuls back Trump's plan to purge civil servants
(DBN)

____________


Economy:

Women's wages fall by at least 5% after abortion restrictions, new study finds
(DBN)

Softer demand? US job openings fall in June to 9-month low Job openings fell in June, suggesting that the labor market is cooling. BLS: Job Openings Decreased to 10.7 million in June
(DBN)

4.2 million people quit in June despite recession worries
(DBN)

Typical job switcher got a pay raise of nearly 10%, study finds
(DBN)

It's the beginning of the end of the labor shortage
(DBN)

Workers still empowered despite fewer open jobs in June
(DBN)

Economists say reconciliation bill will lower prices for all Americans
(DBN)

Credit card balances grow at fastest pace in decades
(DBN)

Most Millennials More Than $100,000 in Debt
(DBN)

NY Fed Q2 Report: Total Household Debt Surpasses $16 trillion
(DBN)

Russia faces economic oblivion despite claims of short-term resilience? Europe has ramped up imports of Russian diesel as the EU struggles to wean off of the country's energy supplies
(DBN)

Why are international supply chains still disrupted?
(DBN)

US Biggest Warehouse Running Out of Space
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mohamed Hadid's $250M Beverly Hills mansion moves into bankruptcy
(DBN)

Will 5% Mortgage Rates Cushion the Housing Market?
(DBN)

How landlords are evading taxes and fueling the housing crisis
(DBN)

HVS: Q2 2022 Homeownership and Vacancy Rates
(DBN)

CoreLogic: House Prices up 18.3% YoY in June
(DBN)

US Household Debt Surpasses $16 Trillion on Higher Mortgages
(DBN)

Young people are pissed off: Housing crush sours millennial voters
(DBN)

Rent prices are high in these 5 cities. But cheaper areas may have hidden costs
(DBN)

Possible settlement in defunct Badlands Golf Course case falls apart
(DBN)

Bankruptcy judge seizes six dilapidated apartment complexes owned by Joshua Bruno
(DBN)

____________

Oil/Gas:

Gas Prices Fell 83 Cents Since Mid-June
(DBN)

Telling the Story of the "Bad Boy" of the '90s Oil and Gas Industry in Texas
(DBN)

Shale Companies Prepare For Their Best Quarter Ever
(DBN)

U.S. Natural Gas Production Hit An All-Time High In 2021
(DBN)

____________

Media:

OAN's troubles spark questions for conservative cable news
(DBN)

Profits Slump at CNN as Ratings Plummet
(DBN)

____________

Climate:

A Silver Lining: Giant Floods Not Only Destroy, They Renew
(DBN)

A new storm is brewing in struggle over climate change: homeowner's insurance
(DBN)

Africa lays out goals ahead of UN climate summit
(DBN)

After the rain comes the heat in flooded Kentucky towns
(DBN)

Another Major Heat Wave Sweeps the U.S.
(DBN)

Extreme heat is exacting a stark toll in the U.S. — claiming more lives than any other weather event
(DBN)

Climate change catastrophes need greater study, scientists warn
(DBN)

Climate Could Cause Extinction Pandemic Within 50 Years
(DBN)

Water Restrictions in Force Across France
(DBN)

Spain Restricts AC to 80.5 Degrees in Summer
(DBN)

There Is a Fix for Climate Change. But Can We Afford It?
(DBN)

____________

Utilities:

The scandal engulfing Florida's biggest utility
(DBN)

____________

History:

Atlanta's 1906 Race Massacre
(DBN)

____________

Education:

A Florida school district now says LGBTQ teachers can put photos on their desk of their partners and talk about them in class as DeSantis' restrictions on teaching causes confusion
(DBN)

____________

Financial Advisors:

Shillin's behind-bars marriage won't shield financial records, judge rules
(DBN)

____________

Credit Reporting:

Equifax Sent Lenders Inaccurate Credit Scores on Millions of Consumers
(WSJ)

____________

Hotels:

Marriott hotel revenue surges: "The shift in spending towards experiences"
(DBN)

____________

Cosmetics:

Revlon soars 121% as post-bankruptcy surge continues after judge approves $1.4 billion loan
(DBN)

____________

Bankruptcy Crimes:

Two Indicted in Separate Bankruptcy Fraud Schemes
(DBN)

____________

Healthcare:

After three years, Cedar Haven operator takes first steps to exit bankruptcy
(DBN)

Lyme disease epidemic? Tick-borne illness cases skyrocket 357% in rural America
(DBN)

More catching virus second time, heightening long covid risk
(DBN)

Covid can rebound even in people who haven't taken Paxlovid, study finds
(DBN)

Monkey See, Monkey Quarantine: California Gets Serious About The Pox
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (0 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 Statistics:

NH bankruptcy filings still low in July
(DBN)

______________

Discharge:

Disbarred Lawyer's $2 Million Debt to State Bar Wiped Out - Sums Owed Based on Payments to Victims From Client Security Fund Are Dischargeable in Bankruptcy
(DBN)

____________

Third Party Releases:

Third-Party Releases Under Continued Fire in E.D. Va. Decision
(DBN)

____________

Bankruptcy Remoteness:

Bankruptcy-Remote Structuring: Reallocating Risk Through Law
(DBN)

____________

Bankruptcy Alternatives:

Re-Envisioning Old ABC Laws: A Deed Of Trust Model
(DBN)

____________

Avoidance Actions:

In a Case of First Impression, 11th Circuit Rules "New Value" Can Be Both Preference Defense and Administrative Claim
(DBN)

____________

Mass Torts:

'The Internet Had Questions': Alex Jones Scorns Sandy Hook Parent, Snaps at Judge and Sparks Sanctions Motion in Wild Day 1 of Testimony Alex Jones uses bankruptcy to limit Sandy Hook reckoning, again Infowars Parent's Bankruptcy Raises Debt, Willful Injury Questions Sandy Hook dad says Alex Jones made his life a 'living hell' Is Alex Jones' trial about free speech rights? Alex Jones's Lawyer Debuts Crack Strategy To Make Judge And Jury Hate Him More Than They Do The Defendant 'Deeply Unsettling': Parents of 6-Year Old Boy Killed at Sandy Hook Deliver Anguished Testimony Against Alex Jones in Texas Trial Alex Jones railed against Sandy Hook parents on his broadcast as they testified against him at trial. The jury heard the insults in court Sandy Hook Mom Scarlett Lewis Confronts Alex Jones In Court Defamation case against Alex Jones in Connecticut halted by bankruptcy filing Alex Jones Can't Tell Jury in Defamation Trial He's Bankrupt, Judge Says Psychiatrist testifies Sandy Hook parents live in 'terror' at Alex Jones trial
(DBN)

Bankrupt opioid manufacturer Mallinckrodt will pay Colorado $18 million
(DBN)

____________

Aviation:

France lifts all entry restrictions for travelers
(DBN)

Domestic airfares for fall travel 25% less compared to this spring, study finds
(DBN)

SAS Files Financial Statements in US as Part of Chapter 11 Bankruptcy Process
(DBN)

Low-cost airline SpiceJet clears all dues with Airports Authority of India
(DBN)

Space company Masten files for Chapter 11
(DBN)

____________

Retailing:

As inflation bites, retailers cut guidance
(DBN)

Discount retailers' stocks are set to pop as consumers flock to cheaper options amid high inflation, Goldman Sachs says
(DBN)

____________

Sovereigns:

Sri Lanka to restart IMF bailout talks, new president says Sri Lanka Still Faces Great Economic Danger Sri Lankans bide time as leaders seek fix for economic woes
(DBN)

Argentina Is Running Out of Cash to Stave Off Devaluation
(DBN)

____________

UK:

Debtors Must Continue to Consider English Restructuring Processes to Secure a Global Solution
(DBN)

Personal insolvencies continue to rise year-on-year despite quarterly drop Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record levels Thousands seek breathing space from debts as insolvencies rise R3 responds to Q2 2022 insolvency statistics
(DBN)

At What Point Should An Administrator Obtain Consent to an Administration Extension?
(DBN)

The Fantasy of Brexit Britain is Over
(DBN)

Mother of bankrupt mining boss faces court after judge found he transferred his lavish property portfolio – including a $13MILLION home in one of Australia's most affluent suburbs - into her name
(DBN)

____________

Russia:

Some flee eastern Ukraine, others defy govt order to leave Russia brands Ukrainian steel plant defenders terrorists Russia's Looming Defeat in Ukraine
(DBN)

Putin: No One Can Win a Nuclear War
(DBN)

____________

China:

Pelosi arrives in Taiwan amid tensions with China Pelosi meets with Taiwan's president in historic visit, escalating tensions with China Pelosi on Taiwan trip: 'We cannot stand by' as China threatens 'democracy itself' Pelosi says US will not abandon Taiwan as China protests McConnell, 25 GOP senators back Pelosi Taiwan trip Pelosi's Taiwan visit has echoes of 1996 crisis The real reason Xi is upset over Pelosi's Taiwan visit China slams 'extremely dangerous' US actions in Taiwan as Nancy Pelosi visits island Pelosi arrives in Taiwan, voicing U.S. 'solidarity' as China fumes Pelosi lands in Taiwan, defying Chinese warnings of forceful response China Plans Four Days of Military Drills in Areas Encircling Taiwan China vows 'targeted military actions' in response to Pelosi Taiwan visit China vows to 'fight to the death' & masses tanks on beaches ahead of 'D-Day style invasion' on Taiwan fueling WW3 fear Ahead of Pelosi's Expected Trip, Quiet Defiance in Taiwan 'World faces choice between autocracy and democracy' China sends warships to surround Taiwan amid Pelosi visit Taiwan presidential office website hit by cyberattack ahead of Pelosi visit
(DBN)

____________

MENA:

National security adviser: Strike on al Qaeda leader 'undoubtedly' made US safer Who was al-Zawahri — and why did US kill him? Zawahiri's death and the war on terror's end
(DBN)

Trump had the chance to kill Al Qaeda's leader but didn't because he didn't recognize the name, report says
(DBN)

What Zawahri's Death Tells Us About Afghanistan's Future
(DBN)

Taliban under scrutiny as US kills al-Qaida leader in Kabul For the Taliban, a New Era of Isolation Has Arrived
(DBN)

US watchdog warns of hunger crisis in Afghanistan, threat to women's rights
(DBN)

____________

Hong Kong:

COMI Is First Port Of Call – A Modified Framework For Recognizing Foreign Insolvency Proceedings In Hong Kong.
(DBN)

____________

Argentina:

Cristina Kirchner oversaw 'corruption matrix' as Argentina president: prosecutor
(DBN)

____________

Singapore:

Lawyer who was bankrupt but pretended she could act for client struck off
(DBN)

____________

India:

Anil Ambani moves Supreme Court challenging IBC provisions
(DBN)

____________

Mexico:

Monterrey Mexico Has Run Out of Water
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2022