July 21, 2025

The Daily Bankruptcy News

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Law:

Biglaw Partners Alarmed By Zohran Mamdani’s Proposed Tax Increases
(DBN)

A Tribute to Professor Jay L. Westbrook Acceptance Remarks For The 2025 Distinguished Service Award For Lifetime Achievement
(DBN)

More Law Firms Should Allow Remote August Policies
(DBN)

Judicial Notice (07.20.25): Not-So-Wonderful Secrets
(DBN)

There’s No Shame In Lateraling Early In Your Legal Career
(DBN)

Nike Pays Three C-Suite Lawyers $27.2 Million Amid Turnover
(DBN)

Cahill’s Washer: ‘Rethinking Overall Strategy’ at Storied Firm
(DBN)

Pirro clears Senate Judiciary Committee vote for D.C. U.S. attorney
(DBN)

Microsoft Layoffs Hit In-House Counsel – Is AI Disruption To Blame?
(DBN)

Tom Girardi Begins Prison Term as Dementia Complicates Legal Saga
(DBN)

ABA Legal Ed council proposal to increase experiential learning credit requirement faces pushback
(DBN)

Donald Trump’s lawsuit against Bob Woodward over audiobook is dismissed
(DBN)

Alina Habba To Let The Screen Door Hit Her On Her Way Out Of U.S. Attorney Job (OR MAYBE NOT!)
(DBN)

Trump files suit against Rupert Murdoch, Dow Jones over Epstein birthday letter story Demands $10 Billion
(DBN)

DOJ rocked by wave of Trump firings
(DBN)

Senate Considers Ending Its Vetting of Spy Agencies’ Top Lawyers
(DBN)

Migrants at Ice jail in Miami made to kneel to eat ‘like dogs’, report alleges Meet the Woman Spending Her Free Time Chasing ICE Vehicles Newly Flush With Cash, ICE Races to Build Migrant Tent Camps Ex-Columbia Student Wins Ruling Blocking Deportation, for Now ‘It’s like a game of Whac-A-Mole’: How Trump’s ICE raids knocked Los Angeles to its knees Bass pushes back on Trump admin support for ICE agents wearing masks Abused immigrant youth sue Trump admin for abrupt cancellation of anti-deportation program Grandfather’s family was told he died in ICE custody. Then they learned he’s alive — in a hospital in Guatemala, they say Majority oppose the way Trump is using detention facilities: CBS poll Mayor Bass calls for end to ICE ‘reign of terror’ in Los Angeles ICE raids and Medicaid cuts are bad news for California's immigrants. State cuts could be ‘much worse.’
(DBN)

ICE head says agency to crack down on American companies hiring unauthorized workers
(DBN)

The rise of masked officers is controversial new ground in American life
(DBN)

ICE pleads with former agents to return to work as deportation quotas missed
(DBN)

Ecuador extradites leader of violent drug gang to the United States
(DBN)

The Sean Combs Criminal Trial: An Inside Look
(DBN)

76-year-old attorney who helped murder art dealer, bury body on mountainside receives fate
(DBN)

Naval officer who killed pregnant girlfriend because she refused abortion going to prison
(DBN)

Florida woman allegedly followed tourists, pepper-sprayed them, stole their luxury watches
(DBN)

Man tried to have federal prosecutor and FBI agent killed while he was awaiting trial
(DBN)

Man who had 155 pipe bombs in home, extolled 'political assassinations' pleads guilty
(DBN)

Man allegedly followed woman home after she honked at him and attacked her husband
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Judges:

Former CEO Challenges Judicial Impartiality Over Romance Allegations in Lawsuit
(DBN)

Constitutional Debate Over Jury Trials in Legal Fee Disputes: Jackson Walker LLP Case Challenges Courtroom Norms
(DBN)

BK MN: Mychal A. Bruggeman Sworn in as U.S. Bankruptcy Judge
(DBN)

Full List as Supreme Court Rules for Donald Trump 15 Times in a Row
(DBN)

Trump officials accused of defying 1 in 3 judges who ruled against him
(DBN)

The Liberal Justices Are Not A Monolith
(DBN)

Supreme Court May Soon Consider Overturning 45-Year First Amendment Precedent
(DBN)

As Democrats walk out, Republicans advance judicial nomination of Emil Bove
(DBN)

Appeals court deals new blow to Trump's effort to stop funding scientific research
(DBN)

Judge grants Trump admin's request to toss lawsuit from FBI agents who investigated Jan. 6
(DBN)

Judge permanently blocks an 'unlawful' Trump firing, leaning heavily on 1935 FDR case
(DBN)

Judge takes Trump DOJ to woodshed for trying to secretly drop charges against MS-13 leader
(DBN)

Trump admin tells SCOTUS to 'not leapfrog' lower courts, stay out of tariff case
(DBN)

Judge bars Trump admin from imposing sanctions on U.S. human rights advocates
(DBN)

Florida Judge Suspended For Donating To Biden And Harris Campaigns
(DBN)

Federal judge blocks law that criminalizes advising minors how to obtain abortions
(DBN)

Judge dresses down defense attorney for opposition to sentence in stalker case
(DBN)

Man who 'started shooting at everyone' after fight over $40 still at large: Police
(DBN)

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Wall Street:

Stock futures move higher as traders await big tech earnings, eye trade developments
(DBN)

S&P 500 Signals Stock Rally Momentum Waning
(DBN)

Trump Threats, Fed Feuds Fail to Break Markets as Logic Prevails
(DBN)

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Layoffs:

Ohio Enacts Mini-WARN Act Requiring Notice Components in Addition to Federal WARN
(DBN)

Federal Workforce in DC Area Has Shrunk by About 22,000 People
(DBN)

Mental Health Association of San Francisco announces sweeping layoffs
(DBN)

EPA eliminates research and development office as it begins thousands of layoffs
(DBN)

Jaguar Land Rover to cut up to 500 UK jobs
(DBN)

Chiquita lays off remaining 1,189 day workers in Panama
(DBN)

State Dept. layoffs led by team of outsiders willing to ‘break stuff’ State Dept layoffs necessary for ‘higher quality’ workforce, deputy secretary tells lawmakers
(DBN)

Corporate reactions: A snapshot of 2025 disappearing jobs
(DBN)

T. Rowe Price Cuts Jobs Across The Firm After Years Of Outflows
(DBN)

Microsoft to Lay Off Thousands; Xbox Chief Says Gaming Division Cuts Will Remove ‘Layers of Management’
(DBN)

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Student Debt:

Student loan bills to double for some borrowers as Biden-era relief expires
(DBN)

Truth About Student Loans Under Trump's Big, Beautiful Bill: 460K Will Be Denied Repayment Plan
(DBN)

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Personal Finance:

Would you go into debt for your pet? Some couples are.
(DBN)

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Celebs:

RHOBH’s Erika Jayne is Headed to Trial in February 2026 Over $25 Million Lawsuit by Tom Girardi’s Bankruptcy Trustee
(DBN)

Elon Musk’s Empire Is Creaking Under the Strain of Elon Musk
(DBN)

Sickening claims are leveled against famous billionaire during his time at mysterious elite men-only forest retreat
(DBN)

Former EastEnders star Martine McCutcheon is declared bankrupt less than a year after split from husband
(DBN)

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Food/Beverage:

Fast-food franchisee with 31 restaurants across the Southeast files for bankruptcy
(DBN)

Newly built Kentucky craft distillery files for bankruptcy protection
(DBN)

Republicans slashed food aid. Grocers in small towns and rural areas are taking the hit.
(DBN)

Credit rating firm watches Del Monte Philippines’ debt after US affiliate’s bankruptcy
(DBN)

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Recruitment:

The US Hiring Slowdown Is Taking a Toll on Recruiting Firms
(DBN)

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Crypto:

Delaware Bankruptcy Court Rules Commingled Cryptocurrency Belongs to Debtors' Estates in Prime Core Case
(DBN)

Singapore Court Clears Path for WazirX Revote, Extends Creditor Protection
(DBN)

Backpack Launches Fee-Free Platform for FTX Creditors to Sell Claims
(DBN)

Why FTX ruling on China payouts matters: Global precedent at stake
(DBN)

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Economy:

White House pushed more marble in Fed building renovation -- now attacks Powell for it Powell Letter Addresses White House Criticism of Fed Renovations Trump seizes on Fed renovations as potential cause for Powell ouster Trump officials to visit Fed amid renovation probe
(DBN)

What Happened the Last Time a Fed Chief Was Bounced
(DBN)

If Trump Tried to Fire the Fed Chair, What Would the Supreme Court Do?
(DBN)

Himes: White House warning of ‘massive market reaction’ if Trump fires Powell
(DBN)

Trump Is Aiming To Pick Waller As Fed Chair, Valliere Says
(DBN)

Fed's Waller Says Private-Sector Job Woes Drive Call For Cut
(DBN)

How Bessent Made the Case to Trump Against Firing Fed Chair Powell Trump denies another Journal report, this time on Powell, Bessent
(DBN)

Q2 GDP Tracking: Mid-2s
(DBN)

Economic Warning as More Than Half-Million People Could Leave US This Year
(DBN)

‘Quiet cracking’ is the newest term for a workplace problem — and it’s ‘pretty pervasive,’ expert says
(DBN)

CEOs dial back hiring plans as economic uncertainty grows
(DBN)

Blame It on Tariffs: CEOs Roll Out New Excuse for Bankruptcies EU is racing to secure U.S. trade deal and preparing for the worst EU to Prepare Retaliation Plan as US Trade Stance Hardens U.S. plays hardball on tariffs deadline as EU battles for a deal Impending Tariff Hikes Leave Companies With Few Escape Hatches From Irish whiskey to Italian cheese, Trump’s tariff threat is rattling EU exporters ECB Won’t Flinch Yet in the Shadow of Trump’s Trade War Japan’s Akazawa Aims to Visit US for More Trade Talks Alcoa CEO Says Trump Tariffs Force a Pause for Canada Growth Projects Trump Aims Tariff Double Whammy at Industries, Nations by Aug. 1 Carmakers Face Uncertainty as Tariffs and Earnings Collide Trump’s Trade War Tests G-20’s Resolve to Stay on Course Trump Tariffs Spell Trouble for Hawaii’s Few Coffee Farmers Lutnick: US ‘going to love the deals that President Trump and I are doing’ America's terrible tariffs could actually be a huge win for Canada's economy
(DBN)

US Consumer Sentiment Rises as Inflation Expectations Improve
(DBN)

The Social Security Insolvency Crisis: How Deportation Makes It Worse
(DBN)

Democrats wrestle with shutdown strategy Thune warns Schumer may let govt shut down as ‘struggling’ Dems scramble to appease far-left
(DBN)

Grow The Economy? Not With These Immigration Restrictions
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

A Real-Estate Tycoon’s Loan Went Bad. Then They Came for His Ferraris and Fine Wine.
(DBN)

Realtor.com Reports Most Active "For Sale" Inventory since November 2019
(DBN)

Lawler: Early Read on Existing Home Sales in June
(DBN)

Housing Starts Increased to 1.321 million Annual Rate in June
(DBN)

Baby Boomers Now Live Next to 18-Year-Olds at Colleges Across US
(DBN)

The Only US City Where a Starter Home Costs Less Than Renting
(DBN)

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Municipalities:

Atlanta’s Growth Streak Has Come to an End
(DBN)

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Oil/Gas:

Hearing in refinery owner's bankruptcy case could affect plant's business trajectory
(DBN)

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Retailing:

Sundance catalog announces closure as its artisans try to pull the company into bankruptcy proceedings
(DBN)

Kansas City poured millions into a grocery store. It still may close.
(DBN)

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Politics:

The Walking Debt: How Zombie PACs Threaten Federal Elections and Proposals For Reform
(DBN)

JD Vance wrote an elegy for this downtrodden town. Trump’s cuts are crippling it
(DBN)

Donald Trump: six months in six charts
(DBN)

Trump’s ‘America First’ Policies Are Diminishing U.S. Global Influence
(DBN)

Here’s where Democrats stand in polls at Trump’s 6-month mark
(DBN)

CBS News poll finds support for Trump's deportation program falls; Americans call for more focus on prices
(DBN)

Trump's Son Just Went Public With His Company and It Flopped Spectacularly
(DBN)

Republicans keep voting for bills they say they don't like
(DBN)

Trump’s Ambitions Collide With Epstein, Fed and Health Concerns
(DBN)

The government does have an Epstein list — here’s the proof Steve Bannon filmed Jeffrey Epstein for 15 hours. His 'documentary' has never surfaced Jeffrey Epstein Appeared to Threaten Bill Gates Over Microsoft Co-Founder’s Affair With Russian Bridge Player Ghislaine Maxwell believed Trump would save her, now she’s documenting everything behind bars: jail source Trump’s Epstein problem is the biggest crisis of his presidency Trump Says He Doesn't 'Draw Pictures'... But Many Were Sold at Auction! FBI agents were told to ‘flag’ any Epstein records that mentioned Trump, Sen. Durbin says ‘He’s a lot of fun to be with’: Trump and Epstein were close friends for 15 years Trump sues Murdoch for $10 billion over WSJ story on Epstein birthday letter Justice Department asks court to unseal Epstein, Maxwell grand jury transcripts Trump DOJ order on Jeffrey Epstein could create legal and ethical challenges Bondi refused to prosecute Jeffrey as Florida Attorney General A Kentucky Republican and a California liberal: The unlikely alliance pushing Trump on Epstein MAGA’s New Target: Trump ‘That Was His Bro’: Former Epstein Girlfriend Says Trump and Epstein Were ‘Very Close and Up to No Good’ Dershowitz casts doubt that grand jury testimony will yield answers on Epstein Trump Blasts ‘Radical Left Lunatics’ For Pressure Over Epstein Files — Despite MAGA Figures Pushing For Their Release A MAGA bot network on X is divided over the Trump-Epstein backlash Trump acknowledges release of Epstein grand jury records may not please everyone Trump once hosted party for ‘young women’ where Epstein was the only guest, says report An Accuser’s Story Suggests How Trump Might Appear in the Epstein Files Trump Approval Rating Sliding As Epstein Scandal Hits
(DBN)

Donald Trump Risks Turning Iowa Into a Swing State: 'People Are Pissed Off'
(DBN)

Another Former Biden Associate Pleads 5th Amendment in GOP Investigation
(DBN)

Gabbard Alleges Democratic ‘Conspiracy’ in 2016 Election
(DBN)

Trump, 79, Posts Deranged AI Video of Obama Being Arrested
(DBN)

Cuomo says he 'will move to Florida' if Zohran wins
(DBN)

Minneapolis DFL convention endorses democratic socialist Omar Fateh for mayor
(DBN)

Drill Sergeant Under Investigation After Having Soldiers Do Push-Ups Under MAGA Flag
(DBN)

Rogan's Latest Guest Might Turn Texas Blue?
(DBN)

Vance a ‘shoo-in’ to win 2028 presidential election: oddsmakers
(DBN)

Another Hegseth aide exits as Pentagon churn continues Hegseth abandoned by aides as Pentagon left in turmoil
(DBN)

Hegseth reassigns first female Naval Academy head
(DBN)

He survived a mass execution at 17. Now he's fighting disinformation and denialism.
(DBN)

Bipartisan government funding is at risk of dying in Trump's Washington
(DBN)

The 5 Senate seats most likely to flip
(DBN)

Dems grudgingly admit Trump’s political savvy at Hill Nation Summit
(DBN)

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Communication Infrastructure:

Zayo Nears Tentative Agreement with Creditors to Extend Debt Maturities and Address Acquisition Financing
(DBN)

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Private Equity:

Plaintiffs’ Lawyers Are Ready to Pounce if Private Equity Pushes Into 401(k) Plans
(DBN)

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Agribusiness:

'Our farmers are really struggling' Arkansas farms filing for bankruptcy
(DBN)

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Climate:

This is the summer of flooding across the US, and scientists know why
(DBN)

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Water:

For the first time in modern history a capital city is on the verge of running dry
(DBN)

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Healthcare:

Hospital chain claims "greed and bad faith misconduct" led to bankruptcy
(DBN)

Officials say bidding process delays could endanger CT hospitals
(DBN)

LifeScan Files Chapter 11 to Eliminate $1.4 Billion in Debt Amid Diabetes Market Shift
(DBN)

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Fraud:

Founder of bankrupt clothing tech startup charged with defrauding investors out of $300M
(DBN)

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New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Legal Turmoil over Attorney Fees Complicates Johnson & Johnson’s Talc Bankruptcy Case
(DBN)

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Cross-Border:

A Commitment Rule for Insolvency Forum: A Response to Critics
(DBN)

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Bankruptcy Strategy:

No Harm, No Foul? The Recent Trend of Super Speed Chapter 11 Bankruptcy
(DBN)

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Personal Bankruptcy:

BK MN: En Banc Order Re: Required Review of Claims by Attorney for Debtor
(DBN)

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Contracts:

Bankruptcy Court Rejects $1.1 Million Early Termination Fee in ServiCom Case
(DBN)

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IP:

The Nightmare Loophole: Circumventing Section 365(n) and Erasing a Non-Debtor Licensee’s Intellectual Property Rights
(DBN)

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Bankruptcy Reform:

GENIUS Act Bankruptcy Changes Give Holders Top Recovery Priority - Bloomberg
(DBN)

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Privacy:

23andMe Bankruptcy Sparks Data Privacy Concerns. Should It?
(DBN)

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Aviation:

Plane Is Diverted After Man Threatens to Kill Flight Attendant, Authorities Say
(DBN)

US Threatens to Upend Delta-Aeromexico Deal in Mexico Orders
(DBN)

Delta regional flight performed 'go-around' to avoid colliding with a B-52 bomber
(DBN)

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Golf:

Residents, members frustrated Sarasota's iconic Meadows Country Club hits bankruptcy
(DBN)

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Tech:

In recent layoffs, AI’s role may be bigger than companies are letting on
(DBN)

Survey: AI usage among small businesses up 41%
(DBN)

Blackstone drops out of consortium bid for TikTok U.S.
(DBN)

The Epic Battle for AI Talent—With Exploding Offers, Secret Deals and Tears
(DBN)

Sleep tech startup Smart Nora files for bankruptcy after tariffs derail product launch and fundraising attempts
(DBN)

Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer
(DBN)

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Solar:

The rise and fall of Houston powerhouse Sunnova Energy, and what it means for the future of U.S. solar
(DBN)

Where is renewable energy headed in Puerto Rico after Sunnova’s bankruptcy?
(DBN)

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Sports:

Why do so many footballers go bankrupt?
(DBN)

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UK:

Business insolvency levels fell by almost 8.4% in June
(DBN)

Construction insolvencies hit 12 month high
(DBN)

Is River Island on its way out? Around 30 stores at risk of closing
(DBN)

Popular high street chain could be next to bite the dust as 281 shops now under threat
(DBN)

Hilco eyes swoop for stricken jeweler Claire's
(DBN)

Frasers defends insolvency deals after MatchesFashion collapse Frasers denies asset-stripping after Matchesfashion collapse
(DBN)

Council in crisis: Bankrupt London borough signs off £230k payment to chief exec in secret meeting
(DBN)

Northern Irish business and personal insolvencies increase
(DBN)

AI taking toll on UK jobs: Report
(DBN)

How Labour is 'taxing the high street into bankruptcy'
(DBN)

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Canada:

2.2 M British Columbians teetering on the brink of insolvency
(DBN)

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Russia:

Zelenskiy Promotes Allies Who’ve Shown They Can Deal With Trump
(DBN)

Russia launches a major aerial attack on Kyiv hours before high-level talks on support for Ukraine
(DBN)

Condoleezza Rice: Trump’s aggressive stance on Putin is ‘turning point’ in Russia-Ukraine war
(DBN)

House Democrat: Trump ‘made an enormous mistake’ by putting blame of war on Ukraine
(DBN)

UK Looking to Join Trump Plan to Purchase US Weapons for Ukraine
(DBN)

Zelenskiy Says Ukraine Proposed Russia Meeting Next Week
(DBN)

Aussies deliver US-made tanks to Kyiv, as EU signs strictest sanctions package against Putin
(DBN)

Sanctions Are Crushing Russia's Coal Industry
(DBN)

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Brazil:

US Yanks Visa for Brazilian Judge Citing Bolsonaro ‘Witch Hunt’
(DBN)

Trump Steps Up Pressure on Brazil in Letter to Bolsonaro
(DBN)

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China:

‘The American dream has faded’: how Jeep reached the end of the road in China
(DBN)

China’s Inaction Deepens Peril for Struggling Property Stocks
(DBN)

Trump Duties to Decimate China Profits, Bloomberg Economics Says
(DBN)

Trump’s Trade War Is Upending China’s Factory Floors
(DBN)

China says Wells Fargo banker under exit ban is involved in a criminal case
(DBN)

China EV brands Zeekr, Neta inflated car sales using insurance scheme
(DBN)

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MENA:

UAE: Many state-owned entities operating in red zone facing bankruptcy: Finance ministry
(DBN)

US says attack on West Bank Palestinian church was 'act of terror'
(DBN)

32 Palestinians shot dead trying to reach food distribution sites, authorities say
(DBN)

73 Palestinians killed while waiting for humanitarian aid in Gaza UN food agency says Israeli tanks and snipers opened fire on a crowd seeking aid in Gaza
(DBN)

Gaza killings denounced as ‘disgrace to humanity’ by Belgian king
(DBN)

Iran to Hold Nuclear Talks With 3 European Countries
(DBN)

"He's a madman": Trump's team frets about Netanyahu after Syria strikes
(DBN)

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India:

Insolvency & Bankruptcy Code Half-Yearly Digest 2025
(DBN)

MCA Appoints Law Secretary Dr. Anju Rathi Rana as Ex-Officio Member of Insolvency Board
(DBN)

Financial Creditor Can't File Same Claim Twice For Same Loan In Multiple Insolvency Proceedings Without Proper Adjustment: NCLAT
(DBN)

Pledged Shares Held By Corporate Debtor In Subsidiary Are Its Assets, Can't Be Invoked During CIRP Due To Moratorium: NCLT Mumbai
(DBN)

Is it time to revisit the Insolvency and Bankruptcy Code?
(DBN)

Byju’s Insolvency: Supreme Court Shuts Door on BCCI & Riju Ravindran’s Appeals, Upholds CoC Consent Rule
(DBN)

‘CERSAI Registration Enough to Claim Secured Creditor Status Under IBC; RoC Non-Registration Not Fatal’
(DBN)

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Australia:

Welcome to Victoria: the insolvency state
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