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ARTICLE · 20 OCTOBER 2020

What We're Reading This Week [October 19, 2020]

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The Wall Street Journal reports that U.S. consumer retail spending rose 1.9% in September 2020.

United StatesInsolvency/Bankruptcy/Re-Structuring
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The Wall Street Journal reports that U.S. consumer retail spending rose 1.9% in September 2020. September is the fifth straight month of retail sales growth according to the United States Department of Commerce. [WSJ; Oct. 16, 2020]

The U.S. Supreme Court heard oral arguments in City of Chicago, Illinois v. Robbin L. Fulton, et al. on Tuesday, October 13, 2020, reports CBS. The case implicates the intersection between the bankruptcy code's automatic stay and turnover provisions and whether consumer debtors whose cars were impounded for unpaid tickets before bankruptcy may have their cars returned from impound after filing for bankruptcy. [Oct. 14, 2020]

Bloomberg reports that a surge in COVID-19 cases during the fall and winter could push a significant number of hospitals into bankruptcy. Since the COVID-19 pandemic began, more than three dozen hospitals have filed bankruptcy. Bloomberg further reports that nearly half of all domestic hospitals could

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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