May 26, 2022

The Daily Bankruptcy News

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Law:

'Non-Lawyer Legal Help' Are No Longer Banned Words in New York
(DBN)

Biglaw Firms Moving On Up
(DBN)

Law Firm Partner Rebuked Over Misconduct At Strip Club
(DBN)

BigLaw partner's hourly billing rate of nearly $2,500 draws objection from bankruptcy trustee • This Biglaw Partner's Nearly $2,500 Hourly Rate Is Raising Some Brows
(DBN)

The $8 Million Law Firm
(DBN)

Eversheds Sutherland Further Expands Bankruptcy Capabilities with Accomplished Restructuring Partner David Wender
(DBN)

How Tech-Savvy Is Your Firm?
(DBN)

Summer Associates Survey
(DBN)

Dentons extends flexible working trial for UK, Ireland and Middle East offices
(DBN)

The Retrial Of Katherine Magbanua In Dan Markel's Murder: The Bump, Money Drops, Cash Deposits And Wiretaps
(DBN)

Nonlawyer paraprofessionals couldn't jointly own law firms under revised licensing proposal in this state
(DBN)

N.Y. nonprofit may help debtors without breaking legal practice rules, judge says
(DBN)

Litigation Funding Disclosure In Delaware: Emerging Standard?
(DBN)

Do Any Law Firms Still Have Summer Hours?
(DBN)

Jan. 6 Probe Enters Uncharted Territory With Subpoenas for GOP Lawmakers • Trump Said to Have Reacted Approvingly to Jan. 6 Chants About Hanging Pence • Complained About VP Being Taken to Safety
(DBN)

Notes Back Claim of Sussman's Innocence
(DBN)

Trump Judge Tosses Kevin McCarthy's Attempt To Butt Into Bannon Prosecution
(DBN)

Texas AG Accused by Bar of Misconduct for 2020 Election Claims
(DBN)

Never Let Rudy Giuliani Forget What He Did
(DBN)

Patient billed about $230K for surgery after $1,300 estimate is protected by contract law, state supreme court says
(DBN)

$200M jury verdict in favor of deceased patient denied proton beam therapy treatment
(DBN)

Second loss for Rep. Madison Cawthorn: 4th Circuit revives claim that he is an insurrectionist unfit for office • Federal Appeals Court Says Post-Civil War Amnesty Act Doesn't Protect Madison Cawthorn from 14th Amendment 'Insurrection' Challenge
(DBN)

'Complete evil': Texas gunman kills 19 children, 2 teachers • Parents Screamed at Cops to Enter the School for Nearly an Hour • Uvalde grieves after school rampage while new details emerge about attack • A grisly checklist and a sickening rampage: Inside the Uvalde massacre • Shooter Salvador Ramos made terrifying threat after losing at violent video game Dead By Daylight, gamer tells police • 'Mother of Texas elementary school shooter claims her son, 18, was NOT a violent person but was a loner • Let's just rush in because the cops aren't doing anything': Parents frustrated with 'unprepared' police outside Texas school shooting debated storming the building THEMSELVES as gunman holed up inside for 90 minutes • Texas shooting: Gunman posted Facebook warning about school attack • Parents were asked for DNA samples to help identify victims • Desperation becomes sorrow after elementary school shooting • The Police Timeline of the Texas School Shooting Has a Lot of Holes • Will Congress act on guns after Sandy Hook, Buffalo, Uvalde? • Texas shooting victims killed were in same classroom, official says • Remembering the victims of the Texas school shooting • Failed gun legislation is the norm after mass shootings • GOP Rep. Paul Gosar spread a baseless transphobic rumor that the Uvalde school shooting suspect was a 'transsexual leftist illegal alien' • In Texas school massacre, shooter took aim at 'anyone that was in his way' • Victims in Texas school shooting include 3rd grader killed in same classroom as her cousin, veteran teacher • Classroom of Horror: How the Texas Elementary School Shooting Unfolded • Uvalde Native Matthew McConaughey Demands 'Action' After Elementary School Massacre in His Hometown • Texas gunman was bullied as a child, grew increasingly violent, friends say • Fact-checking misinformation • After Texas shooting, Republicans face online anger over NRA money • Details emerge in killing of 19 children, 2 teachers at Texas elementary school • A child can't be a "good guy with a gun" • U.S. Senate struggles to unite on guns after Texas massacre • Gov. Abbott Lays Out Chilling Account of Elementary School Shooter's Online Posts, Says Gunman Had 'No Known Mental Health History' • Biden Has Little to Offer But Grief After Texas School Massacre • New details emerge on Texas school shooter • Here is a list of the 27 school shootings that have taken place this year • Body armor is making mass shootings more deadly • Day After Texas School Shooting, New York State Defeats Gunmakers' Legal Challenge of New Gun Law • Texas schools amp up security in wake of Uvalde shooting • Texas schools amp up security in wake of Uvalde shooting
(DBN)

Can We Openly Admit America Grooms Mass Shootings Now?
(DBN)

Biden: Second Amendment is Not Absolute
(DBN)

The polling is clear: Americans want background checks
(DBN)

FBI Faces Lone Shooters and Soft Targets: 'All Over the Map' • FBI director: Texas shooting highlights concern over lone actors
(DBN)

Elon Musk Backs Tight Background Checks for All Gun Sales
(DBN)

Man Who Helped Kyle Rittenhouse Buy His Gun Faces Felony Charge of Evading Police, Allegedly Had Cocaine in His System at the Time
(DBN)

Gunmakers lose challenge to New York law allowing lawsuits against industry
(DBN)

The stock prices of the top 5 US gun- and ammo-makers rose the morning after a Texas school shooting that left at least 21 people dead
(DBN)

A Gun-Buying Spree Likely Boosted the US Lead as Most Heavily Armed Country in the World
(DBN)

Grim reality of US gun crime: Firearms kill more children than car crashes and cancer
(DBN)

How to Get People to Do What You Want Them to Do
(NYT)

Biden signs executive order on policing reform
(DBN)

Johnny Depp, Back On Stand, Calls Heard Abuse Claims 'Cruel' And 'False' • 'Horrible. Ridiculous, humiliating, ludicrous, painful, savage, unimaginably brutal, cruel and all false': Johnny Depp describes the impact of Amber Heard's rape and violence allegations on last six years of his life • Johnny Depp Returns to Witness Stand and Distances Himself from Lawyer Who Called Amber Heard's Domestic Abuse Allegations a 'Hoax' • Ex-TMZ Employee Testifies Cut of Johnny Depp 'Kitchen Cabinet' Video That Tabloid Received Didn't Show Amber Heard 'Seemingly Snickering' • 'I Slid Down': Supermodel Kate Moss Debunks Rumor Repeated by Amber Heard That Johnny Depp Pushed Her Down the Stairs • Amber Heard Expected To Testify Again In Johnny Depp $50M Trial; Closing Arguments Set For May 27
(DBN)

Oklahoma Gov. signs into law near-total abortion ban starting at fertilization
(DBN)

'How to Murder Your Husband' Writer Convicted of Murdering Husband
(DBN)

Second Man Convicted of Killing Wisconsin Doctor and Husband in March 2020 Over Alleged Social Distancing Disagreement
(DBN)

Jon Gruden's Lawsuit Against the N.F.L. Can Proceed in Open Court
(DBN)

Infamous drug lord El Chapo moans 'unfair treatment' and 'health problems' in US jail
(DBN)

'Back Off, Dude, I'll Shoot You': Grandmother Said She Killed Home Intruder Who Was 'Never Fazed' by Gun, Warning Shots
(DBN)

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Judges:

Supreme Court marshal digs in on Roe opinion leak
(DBN)

Supreme Court Is About To Erase More Gun Laws -- Now Would Be A Good Time To Leak That Draft Opinion • Texas School Shooting Hangs Over Pending Supreme Court Gun Rights Ruling
(DBN)

How the Supreme Court made it impossible to solve America's gun violence problem
(DBN)

House reverses course on renaming federal courthouse to honor Black judge
(DBN)

Benchslapped! Lawyer F---- Around With Deadlines, Finds Out
(DBN)

Biden moves to fill key appellate seat vacated by U.S. Supreme Court's Jackson
(DBN)

Why the Senate Protects Supreme Court Justices From Protesters but Won't Protect Kids From Mass Shootings
(DBN)

New poll: 54% of Americans disapprove of Supreme Court following Roe draft opinion leak • New Marquette Law School Poll finds sharp national downturn in overall approval—and greater partisan polarization in approval—of U.S. Supreme Court following leaked draft of opinion that would overturn Roe
(DBN)

Abortion Questions for Justice Alito and His Supreme Court Allies
(NYT)

Can Roberts steer Supreme Court safely through abortion case crisis?
(DBN)

President Biden Names Eighteenth Round of Judicial Nominees
(DBN)

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Wall Street:

Dow futures gain as the market tries to snap long weekly losing streaks
(DBN)

US stocks rally as Fed minutes meet expectations
(DBN)

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Layoffs:

Klarna To Cut 10% Of Its Staff In Latest Sign Of Tech Sector Squeeze
(DBN)

Delivery app Getir axing 14% of employees, NYC workers outraged
(DBN)

Boston hospital to cut services, 118 jobs in July
(DBN)

Lyft Joins Uber in Cutting New Hires
(DBN)

Rapid grocery delivery boom comes to a grinding halt as Getir, Gorillas slash jobs
(DBN)

PayPal Holdings Inc. is laying off 83 employees from its headquarters in North San Jose
(DBN)

Lawrence Public Schools cut 72 teaching jobs
(DBN)

Embattled Payments Startup Bolt Is Cutting Staff
(DBN)

A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Carvana to Wells Fargo.
(DBN)

Bolt, the payments start-up, has begun laying off employees.
(DBN)

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Fraud:

Feds: Fake Army general scammed multiple women out of $1M
(DBN)

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Tech:

Facebook rejects Abbott allegation about Texas shooter's posts
(DBN)

'They Think I'm His Girlfriend': People Are Blaming a Random Girl for Texas Shooting
(DBN)

Twitter will pay $150 million for using people's security phone numbers to target ads
(DBN)

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Utilities:

One Billion People Are At Risk Of Rolling Blackouts This Summer
(DBN)

Summer Heat Could Wreak Havoc On Texas' Grid
(DBN)

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Healthcare:

Healthcare district needs $16M in 90 days to save California hospital
(DBN)

Knox Clinic Corp to increase payout to its creditors from 7% to 30% in reorganization plan
(DBN)

Viruses that were on hiatus during Covid are back — and behaving in unexpected ways
(DBN)

America has a mental-health crisis and it also has a gun problem. But are the two related?
(DBN)

1 in 5 adult COVID survivors experience long COVID symptoms, CDC says
(DBN)

Some universities and schools in the U.S. are reimposing indoor mask mandates.
(DBN)

Guns are now the leading cause of death for kids. Doctors say they've had enough — and they're calling for 2 simple policy changes.
(DBN)

Our greatest public-health crisis? The angry young American male
(DBN)

FactCheck: Most of these killers tend to be 18, 19 years old
(DBN)

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Economy:

Great Resignation regret is sweeping the nation as workers who quit for more money quit again: 'It sucks to be miserable'
(DBN)

Feelings of Job Security Remain High in U.S.
(DBN)

World Bank Warns of Global Recession
(DBN)

US Durable Goods Orders Rise on Steady Business Equipment Demand
(DBN)

Davos gathering overshadowed by global economic worries
(DBN)

Federal tax receipts boom, powered by inflation
(DBN)

U.S. deficit will shrink to $1T this year before soaring, federal forecasters say
(DBN)

Capital gains may have triggered hundreds of billions more taxes for 2021
(DBN)

Traders Defy Fed Hawks as Half-Point Hike in July in Doubt
(DBN)

Most Fed officials lean to 1/2-point interest rate hikes at 'next couple of meetings'
(DBN)

As Biden fights inflation, economists warn his weapons for this battle look 'extremely limited'
(DBN)

Fed officials saw strong economy facing inflation risks ahead of May rate hike
(DBN)

Fed officials signal rates may head to 'restrictive' levels • Fed officials expected to make at least three big rate increases over the next few months. • Fed minutes point to more rate hikes that go further than the market anticipates
(DBN)

Congressional Budget Office says inflation to last into 2023 • CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
(DBN)

Biden's latest inflation battle
(DBN)

Key Takeaways From Minutes of the Fed's May Policy Meeting
(DBN)

CBO Sees Budget Deficit Shrinking in 2022 as Pandemic Costs Wane
(DBN)

Fed's Inflation Fight Gets a Boost Amid the Wall Street Rout
(DBN)

Mark Rutte: We have to accept in the West that we are going to be a bit poorer
(DBN)

Startling exodus to Florida accelerating despite NY reopening after COVID restrictions
(DBN)

40% of parents have an adult child living with them, survey finds
(DBN)

Texas Forces Companies to Be Neutral on Guns, or Lose Business
(DBN)

Baby formula maker Abbott to families experiencing shortages: "We let you down" • Whistleblower report on baby formula didn't reach top FDA food safety official • Abbott formula plant had 'egregiously unsanitary' conditions, FDA chief says in scathing testimony
(DBN)

2 in 3 adults avoid social events — because they're embarrassed about their financial struggles
(DBN)

Ukraine says the West must "kill Russian exports" to stop funding Moscow's war machine as EU oil embargo hangs in limbo • Russia Preparing Retaliatory Steps Against 'Anglo-Saxon' Media • The island where Roman Abramovich is suspected of holding $7 billion in assets has reportedly opened a probe into his wealth • EU cracks widen over Ukraine as Italy, Hungary urge truce • Europe's Russian-Oil Snub Appears to Be Gathering Momentum • George Soros says Europe has more bargaining power than it thinks when dealing with Russia because the continent is Putin's 'only market' for natural gas • Russia's biggest oil company has slashed its production levels as sanctions bite, report says • EU to make breaking sanctions against Russia a crime, seizing assets easier • Russian oil's Achilles' heel: insurance • Sanctions against Russia are 'draining' country's economy and Putin's 'war machine,' European Commission president says • EU seeks more clout against sanctioned Russian oligarchs • Russian Billionaire Investigated by UK for Sanctions Violations • Russian LNG Exporter Halts Some Shipments to Former Arm of State Giant Gazprom • Russia's Oil Production Has Plunged Even As Its Revenue Climbs • How Sanctions Have Increased Russia's Oil And Gas Revenue • Liz Truss to push for more sanctions against Moscow and warn against 'appeasing Vladimir Putin'
(DBN)

This Is the City Where a College Education Pays Off the Most
(DBN)

Made in America: Goods Exports by State
(DBN)

US's China-Tariff Review Likely to Take Months, Aide Says
(DBN)

Egg Prices Could Rise as Much as 21% This Year as Bird Flu Hits US
(DBN)

T-Mobile Will Pay for Employees to Travel Out of State to Have Abortions
(DBN)

Apple says it will raise pay for corporate and retail employees in tight labor market
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The real estate frenzy is over • The Red-Hot U.S. Housing Market Finally 'Offers Hope' for Buyers and Sellers, According to This Real-Estate Economist • Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here's why.
(DBN)

The Household Mystery: Part II
(DBN)

HNA Ordered to Pay $185M to Partner in Bankrupt Park Avenue Skyscraper
(DBN)

Why some boomers now regret downsizing
(DBN)

Flood insurance bill seeks to curb rising tide of bankruptcies
(DBN)

Judge cites 'squishy market,' approves sale of 777 Sarbonne at less than auction reserve
(DBN)

The lack of small-dollar mortgages is preventing Americans from purchasing affordable homes
(DBN)

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Municipalities:

Chester receiver floats monetizing water authority as 'only realistic way' out of potential bankruptcy
(DBN)

California's $98 Billion Surplus Comes as Warning Signs Loom
(DBN)

These Are the Best — and Worst — Cities for Work-Life Balance
(DBN)

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Oil/Gas:

US Drivers Begin to Balk at Record Gas Prices
(DBN)

At $6.09 a Gallon, LA Pays Record Gasoline Price Over US Average
(DBN)

US Shale Is Holding Back While World Clamors for More Oil
(DBN)

Saudi Arabia says it won't take any further action to curb soaring oil prices
(DBN)

World's Oil-Growth Engine Is About to Slow Despite $100 Crude
(DBN)

Private Equity Is Back With A Bang In Oil & Gas
(DBN)

____________

Religion:

Federal Bankruptcy Judge Rejects Catholic Diocese's Bid to Stop State Litigation on Child Sex Abuse, Excoriates 'Heavy-Handed Threat' to Survivors
(DBN)

The Diocese of Rochester proposes settlement of bankruptcy case; survivors of sexual abuse push back
(DBN)

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Bankruptcy Crimes:

Lawyer gets 4-year sentence on fraud conviction to get loans
(DBN)

Abingdon man, who spent large sums on casinos, sentenced for bankruptcy fraud
(DBN)

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Transit:

NYC Subway Riders Return to Outer Boroughs While Business Areas Lag
(DBN)

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Labor:

Apple's Retail Chief Pushes Back on Unionization in Video to Staff
(DBN)

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Nursing Homes:

Court filing describes a horror show at N.J. nursing home facing takeover
(DBN)

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Politics:

Frustration grows as the movement to ban stock trading in Congress stalls: 'They're trying to run out the clock'
(DBN)

Biden approval rating at lowest point in Reuters-Ipsos polling
(DBN)

These Are the Trump-Aligned Election Deniers Winning Key State Primaries
(DBN)

Trump endorsements collapse in Georgia • 'Trump is in the past': Mounting losses show limits of power
(DBN)

Trump sees 'vengeance' on the political horizon
(DBN)

Trump will speak at NRA event in Houston days after Texas school massacre • Trump doubles down on his 'longtime commitment' to speak at an NRA convention after deadly Texas school shooting: 'America needs real solutions and real leadership in this moment' • 2 Republicans Drop out Of NRA Convention • F--- you NRA': Democratic Rep. Ruben Gallego calls Ted Cruz a 'baby killer' and tells Republicans 'f--- your prayers' in profane rant after Texas massacre as members of GOP calls for teachers to be armed • Texas school shooting pushes NRA meeting into spotlight • O'Rourke calls on Abbott to cancel NRA convention appearance • One place you won't find guns in the wake of the Texas school massacre? The NRA's upcoming leadership conference in Houston this week.
(DBN)

No Way To Prevent This,' Says the Only Nation Where This Regularly Happens,
(DBN)

House sergeant-at-arms says lawmakers should not carry firearms in Capitol Complex
(DBN)

New Jersey governor says Republicans taking 'blood money' from gun lobby
(DBN)

Abbott Calls Massacre a Mental Health Issue . . . He Cut Funding for That • Don't Fall for Abbott's "Never Again" Nonsense
(DBN)

FactCheck: Mental health provisions related to mass shootings "got over 90 votes in the Senate."
(DBN)

FactCheck: In 1999, the NRA leadership in Washington, pretty much the same people intact, were for (expanded background checks.
(DBN)

FactCheck: A bipartisan background check amendment "outlawed any (gun) registry. Plain and simple, right there in the text.
(DBN)

The White House keeps walking back Biden's remarks
(DBN)

Beto Just Had a Wild Shouting Match With Texas Gov. Abbott's Crew • Beto O'Rourke interrupts Gov. Abbott's press conference on Texas shooting: 'This is on you!' • "You're offering us nothing," the Democrat yelled at Texas' governor and lieutenant governor • Uvalde mayor calls O'Rourke 'sick son of a b—-' after disruption
(DBN)

Voters Want Gun Laws But Are Wary of Democrats Writing Them
(DBN)

An angry Joe Biden conjured up first-hand 'hollowness' of losing a child in his remarks about the deadly Texas school shooting: 'like having a piece of your soul ripped away' • Biden says going soon to Texas to console families of shooting victims
(DBN)

We caught up with 22 Republican senators on how to prevent mass shootings. Some expressed support for 'red flag' laws and improving school security, but many offered nothing.
(DBN)

'Red flag' legislation emerges as leading option in the Senate following shootings • House Democrats to vote on 'red flag' proposal in early June
(DBN)

Schumer to Press Gun Safety Talks With 'Slim' Odds of Success • Schumer gives green light as bipartisan gun talks begin
(DBN)

Here's the gun control bill Steve Kerr called on Senate to pass
(DBN)

Herschel Walker's Response to the Uvalde Shooting Was Incoherent
(DBN)

Here are the gun bills stalled in Congress
(DBN)

19 Dead Grade-Schoolers Still Won't Get Manchin to Move on the Filibuster
(DBN)

The GOP's Answer to the Texas School Shooting? More Guns, Of Course
(DBN)

'Bald-faced lie': Houston Chronicle torches Texas gov's 'bankrupt conscience' and 'cowardice' after Uvalde mass shooting
(DBN)

Adams Enlists NYC Parents on Guns in Break With Fellow Democrats
(DBN)

Poll: 61% of Trump voters agree with idea behind 'great replacement' conspiracy theory
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 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:

Idaho bankruptcy rates are down. A lot. But things may not be what they seem.
(DBN)

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Bankruptcy Reform:

Bankruptcy System Faces Gov't Backlash
(DBN)

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Exemptions:

Florida Gov. Ron DeSantis says no to vehicle exemption
(DBN)

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Bankruptcy Research:

Zooming in on Distress Risk: Bankruptcy vs. Other Failures
(DBN)

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Affirmative Defenses:

Statute of Limitations, Res Judicata, and Collateral Estoppel—Oh My! Asserting Affirmative Defenses in Delaware Bankruptcy Court
(DBN)

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Discharge:

Can You Give It Away? Discharge Waivers in Bankruptcy
(DBN)

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Subchapter V:

Bankruptcy developments in Subchapter V eligibility requirements
(DBN)

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IP:

The Monetization Of Intellectual Property In Bankruptcy And Restructuring
(DBN)

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Trusts:

Retzner and Nichols: The complicated world of creditors and nonprobate transfers
(DBN)

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Mass Torts:

Teva, Allergan reach $161.5 mln opioid settlement with West Virginia
(DBN)

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Sales:

Buyer Beware! Not All Modifications to An Asset Purchase Agreement Are Created Equal; Any Material Modifications Should be Meaningfully Disclosed to the Bankruptcy Court and Parties in Interest
(DBN)

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Aviation:

Avianca bankruptcy exit fuels cargo expansion
(DBN)

Qantas Pilots Warn Safety Risks Are Looming as Travel Rebounds
(DBN)

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Retailing:

More than 70 Sears stores to close across country
(DBN)

Dick's Sporting Goods Stock Reverses After Its Forecast Cut Is Shunned
(DBN)

Macy's stock surges as company raises 2022 profit outlook despite uncertain retail landscape
(DBN)

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Autos:

Fiat Reaches Criminal Plea Deal to Pay $300 Million in US Diesel Case
(DBN)

Volkswagen Settles UK Emissions Class Action for £193 Million
(DBN)

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Sports:

Retro kits, foreign talent, New York money – how Venezia rose from bankruptcy to the 'world's most fashionable' club
(DBN)

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Student Debt:

Leadership at one of the biggest student-loan companies expects Biden to cancel $10,000 in debt per borrower in the next few weeks
(DBN)

Tom Cotton says White House aides with student debt 'should be banned from working on Biden's scheme' to forgive loans
(DBN)

The student loan cycle isn't what most Americans want
(DBN)

Don't Let Student Loans Scare You Away From Taking Vacations
(DBN)

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Crypto:

Crypto Exchange Platforms Grapple with Consequence of Filing Bankruptcy
(DBN)

SEC's Hester Peirce: U.S. dropped the ball on crypto regulation
(DBN)

Guggenheim's Minerd Sees Bitcoin Sinking to $8,000 With Crypto Now 'Suspect'
(DBN)

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Telecoms:

SpaceX's Starlink satellite internet surpasses 400,000 subscribers globally
(DBN)

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Corporate Governance:

Corporate boards continue to make slow progress toward gender parity
(DBN)

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Celebs:

If Depp wins, Amber Heard may have to declare bankruptcy, according to a TikTok lawyer.
(DBN)

Johnny Depp's net worth was eye-watering, then he blew it all
(DBN)

Luis Ruelas Due in Court for $1.6 Million Bankruptcy Case
(DBN)

LeBron James, sports world react to school shooting in Texas: 'There simply has to be change'
(DBN)

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Climate:

Inequality fuels the climate crisis
(DBN)

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Cannabis:

Rhode Island will be 20th state to legalize recreational marijuana
(DBN)

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Sovereigns:

Russia edges closer to first debt default in 100 years as US cuts off its ability to pay creditors
(DBN)

Russia Bondholders Say Debt Default Could Already Be Here
(WSJ)

Russia says it will use rubles to pay dollar bonds after the US ended a sanctions waiver
(DBN)

Sri Lanka's Premier Wants IMF Program in Place By Mid-June • Bankrupt Sri Lanka issues tenders calling for more oil and fuel imports
(DBN)

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UK:

Slough Borough Council faces assets sell-off after bankruptcy
(DBN)

UK slaps one-off tax on oil and gas giants over soaring household energy bills
(DBN)

UK's Johnson 'humbled' but wants to move on from 'partygate' • Boris Johnson says it's 'my duty' to attend No10 parties and Sue Gray report 'news to me' • Boris Johnson Defends British Boozing With a Nod to Churchill and the War • Five Key Takeaways From Sue Gray Report on Partygate
(DBN)

Britain ended the horror of school shootings after one single massacre
(DBN)

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EU:

Lagarde's Rate Plan Wins ECB Backing But Big Hikes Stay in Play
(DBN)

The EU Needs More Than $1 Trillion For Plan To Ditch Russian Oil And Gas
(DBN)

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Australia:

Dousing The Phoenix – An Initial Decision On Australia's Creditor Defeating Dispositions Regime.
(DBN)

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Russia:

U.S. intelligence document shows Russian naval blockade of Ukraine • 'Make Russia pay for it': Ukraine's Kuleba on the cost of post-war reconstruction • Dutch May Join Naval Escorts for Ukraine Wheat If Russia Commits • Russia ready to set up corridor for ships leaving Ukraine with food, with conditions • Mined Ports, Polish Red Tape Among Issues Stopping Ukraine Grain • EU calls for Russia dialogue to unlock Ukraine food exports • Putin Pulls Shameless Hospital PR Stunt as His Troops Drop Like Flies • Tanks, but no ammo – Germany's Ukraine pledges show military muddle • Russian official calls Italian peace plan for Ukraine a 'fantasy' • Russia is seeing 'localized successes' in eastern Ukraine, growing criticism at home of its huge losses • Putin approves fast-track citizenship for people in captured Ukraine in a possible lead-up to Russian annexation • Ukraine gathers Russian dead in chilled train for prisoner exchange • NATO chief says Putin 'made a big strategic mistake' by invading Ukraine • The folly of humiliating Russia • Zelensky says Ukraine will fight until it regains all its territories after Kissinger remark • Russian rockets hit eastern Ukrainian town of Pokrovsk • No time to evacuate as Russian forces close in on a pair of Ukrainian cities • Russia wages all-out assault to encircle Ukraine troops in east • Kremlin says Russian diplomat who resigned is now 'against us' • Russian parliament scraps age limit for army recruits
(DBN)

War in Ukraine Puts Africa at Risk of Stagflation, Debt Distress
(DBN)

Ukrainian banks evaluate impact of Russia war as provisions surge, profits sink
(DBN)

The big exodus of Ukrainian refugees isn't an accident – it's part of Putin's plan to destabilize Europe
(DBN)

Ukraine's intelligence chief 'fully confirms' Vladimir Putin has cancer
(DBN)

Orthodox spiritual leader says Russian church has 'disappointed us' over Ukraine
(DBN)

Turkey demands 'concrete steps' to back Nordics' NATO bids
(DBN)

France reassures Ukraine it will be part of European Union
(DBN)

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Hong Kong:

Hong Kong energy trader struggles for survival as creditors circle
(DBN)

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Uganda:

The High Court of Uganda emphasises the rights of secured creditors in insolvency proceedings
(DBN)

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Hungary:

Hungary to Force Large Companies to Turn Over 'Extra Profit'
(DBN)

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South Africa:

South Africa Revamps Processes for Managing Distressed Banks
(DBN)

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Australia:

Australia confiscated 650,000 guns. Murders and suicides plummeted.
(DBN)

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South Korea:

South Korean Workers Turn the Tables on Their Bad Bosses
(DBN)

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China:

Luckin Coffee ascends from bankruptcy, now bigger than Starbucks in China as it makes a comeback
(DBN)

China holds an unprecedented massive videoconference on the economy
(DBN)

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India:

Consistently receiving plans where Operational Creditors are not paid any amount towards their claim: NCLAT
(DBN)

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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.

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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.
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