October 1, 2025

The Daily Bankruptcy News

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Law:

Summer Associates Really Expected Better From Biglaw Firms That Capitulated To Trump
(DBN)

The Best Biglaw Firms, Ranked By Summer Associates (2025)
(DBN)

NY’s Oldest Law Firm Loses Key Partners, Faces Tough Choices
(DBN)

Working On Behalf Of Jeffrey Epstein Can Make You Millions
(DBN)

How AI Hallucinations Are Tripping Up Lawyers and Novices Alike
(DBN)

Russell Laffitte sentenced to 5 years for role in Murdaugh financial scheme
(DBN)

Disgraced former US Attorney Rachael Rollins agrees to public reprimand from state bar
(DBN)

Path to Partnership: Here’s What You Need to Do to Stay on Track
(DBN)

State Bar Launches Mandatory Client Trust Account Compliance Reviews California Bar’s Random Audits of Law Firms Signal Shift Towards Greater Financial Transparency
(DBN)

DLA Piper Sued Over Alleged Pregnancy Bias
(DBN)

Finders, Minders, And Grinders: Why Every Lawyer Needs To Be A Finder
(DBN)

Which law firms are most conservative and most liberal? See the ranking
(DBN)

Eve Nabs $1 Billion Valuation to Bring AI to Lawyers
(DBN)

Lisa Murkowski speaks out after Comey indictmentWhy Comey's lawyers should be happy right now, even after former FBI director's indictment
(DBN)

‘Very angry at the church’: Details emerge on suspect in Michigan LDS shooting
(DBN)

Justice Department sues LA sheriff’s department over gun permit delays
(DBN)

Pro-Trump lawyer John Eastman implores court to reject disbarment recommendation
(DBN)

Two HUD Civil Rights Lawyers Dismissed After Raising Concerns About Fair Housing Act Enforcement
(DBN)

Cassie Ventura Is “Very Much Afraid” of Diddy Taking “Retribution” Against His Victims
(DBN)

Justice Department files civil rights lawsuit against protesters in clash at New Jersey synagogue
(DBN)

In Unusual Move, Prosecutors Secure Federal Charges From Local Grand Jury
(DBN)

Immigration officials outline plans to accept new DACA applicants US Citizen Claims Wrongful Arrests in DHS Immigration Sweeps Second detainee dies after Dallas ICE facility shooting Wounded and handcuffed in hospital beds: The double punishment for the migrants shot at ICE office in DallasIowa school leader resigns while he challenges his deportation order, his legal team saysIowa school leader detained by ICE seeks to put his deportation on hold, lawyer saysIt's Time to Abolish ICE, with whistleblower Jenn Budd, a former Border Patrol AgentTrump administration targets Minnesota in latest sanctuary policy lawsuit
(DBN)

Ammon Bundy's defamation judgment rises to $60.2 million
(DBN)

Judge slaps Patrick Byrne with sanctions and opens door for Hunter Biden to win by default
(DBN)

Demand Justice Names New President to Fight Trump Judicial Push
(DBN)

Federal judge disqualifies Nevada's acting U.S. attorney from cases
(DBN)

It's 2025, but acting US attorney is still relitigating Trump's 2020 election loss
(DBN)

New study finds more than 400 pregnancy-related prosecutions after Roe's fall
(DBN)

Georgia’s highest court sides with slave descendants fighting to protect threatened island community
(DBN)

Man allegedly fires gun at bar during Cowboys game because patron was 'looking at him'
(DBN)

Mom Tried to Poison, Drown 3 Kids in Texas Mansion Mystery: Cops
(DBN)

Man killed roommate, buried body, and convinced friends victim 'died of pneumonia': Cops
(DBN)

Driver chased fishing boat captain and blew him away in road rage incident, cops say
(DBN)

Teen faked abduction that led to Amber Alert, shot himself to keep ruse going: Sheriff
(DBN)

6-year-old ran away from home after dad, stepmom burned his feet with a lighter: Police
(DBN)

Man who threatened to 'carry out an attack' with AR-15 if Trump won election hears fate
(DBN)

Man posed as restaurant valet driver to carjack, kidnap 75-year-old woman: Police
(DBN)

Woman kidnaps man and his 2 children, tells them she 'always wanted kids': Police
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Judges:

Presiding over remote court calendar while riding in car among reasons for judge’s suspension
(DBN)

Judge excoriates Trump in blistering decision calling efforts to deport pro-Palestinian academics illegal
(DBN)

Reagan Judge Slams Trump While Calling for Defense of Rights
(DBN)

Judge Issues Rebuke of ‘Bullying’ Trump in Free Speech Case
(DBN)

Chemerinsky: New SCOTUS term includes cases that will have profound effect on law, American society
(DBN)

Fifth Circuit to Reevaluate Trump’s Use of Alien Enemies Act in Controversial Deportation Case
(DBN)

Judge Shields Federal Union Rights as Agencies Cancel Pacts
(DBN)

What 20 Years In Supreme Court Practice Have Taught Me
(DBN)

Supreme Court’s Shadow Docket Scam Collides With Reality
(DBN)

Justice Kennedy Reveals Jokes, Surprise Encounters in New Memoir
(DBN)

11th Circuit urged to force Judge Cannon's hand on Jack Smith's Mar-a-Lago report on Trump
(DBN)

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Wall Street:

Dow futures fall 200 points after U.S. government shuts down
(DBN)

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Layoffs:

Imperial Oil to Axe 20% of Workforce on Glut Predictions
(DBN)

Exxon to lay off 2k workers in office strategy shift
(DBN)

List of Companies Laying Off Employees in October
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Gambling:

NYC Casino Deal on Track to Give Trump Millions for Nothing
(DBN)

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Religion:

U.S. sees surge in baptisms as more Gen Z men embrace faith after pandemic: "They're coming in by the thousands"
(DBN)

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Entertainment:

Owner of Dana White's Power Slap files Chapter 11 bankruptcy
(DBN)

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Consumer Protection:

Ranking Member Maxine Waters Demands Acting Director Vought Halt Unlawful Plan To Shutter CFPB And Furlough Employees
(DBN)

CFPB ends multiple lender consent orders, opens few new cases
(DBN)

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Sweepstakes:

Publishers Clearing House names new CEO, plan to protect future prize winningsPublishers Clearing House’s New Plan: Future Winners Will Be Protected. Past Winners Still Won’t Get Paid
(DBN)

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Crypto:

Insolvency Provisions of the GENIUS Act
(DBN)

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Metals:

US Magnesium bankruptcy delays state plans to cut off Great Salt Lake water access
(DBN)

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Food/Beverage:

Hooters Bankruptcy Plan Approved as Chain Goes ‘Pure Franchise’
(DBN)

Creditor wants to broaden scope of Uncle Nearest case
(DBN)

Alton Distillery files for Chapter 11 bankruptcy
(DBN)

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Economy:

Consumer confidence weakens on growing concerns about jobsConsumer confidence slumps to five-month low on inflation, jobs outlook
(DBN)

Paychex CEO says small business owners are ‘resilient in this economy’
(DBN)

Global currency market swells to $10tn a day in tariff turmoil
(DBN)

Pfizer’s Drug Price Cuts Yield Three-Year Trump Tariff ReprieveIKEA Expands in Manhattan in $2.2 Billion US Push, Undeterred by TariffsA Gunmaker’s Lobbying Shows How Trump’s Tariffs Changed the Game
(DBN)

BLS: Job Openings Unchanged at 7.2 million in August
(DBN)

From breadwinners to bystanders: The death spiral of the American working man
(DBN)

GDP - AI = 0?
(DBN)

Government shuts down after Congress fails to reach a funding agreement ‘We’re not going to be bullied’: Democrats wage risky shutdown battle ‘Every Day Is Like a Dog Year’: A Miserable Congress Sputters Toward a ShutdownTrump Says ‘A Lot of Good’ Could Come From Government ShutdownDemocrats Use Empty House to Shame G.O.P. Ahead of ShutdownWhy ACA tax credits for 22 million Americans are at the center of the government shutdown drama Shutdown deadline approaches as blame game heats up Trump floats cutting benefits during shutdown, warns Democrats are taking a risk Senate to vote Tuesday afternoon on averting shutdown, but proposals expected to failUS housing agency blames 'Radical Left' for looming shutdownWhat would a government shutdown mean for markets and the economy?Here are some effects of a government shutdown if Congress and Trump don’t reach a dealWould SNAP, WIC be disrupted by a government shutdown?Trump Floats ‘Irreversible’ Cuts To Benefit Programs If Government Shuts DownGovernment Shutdown Stalls Federal Workplace Investigations, Raising Compliance ConcernsPentagon Readies Contingency Plans For Government Shutdown Trump administration uses taxpayer dollars to blame Democrats for government shutdownSen. Elizabeth Warren says Democrats' government shutdown fight is 'righteous'US Government Shutdown Curtails Key Weather and Climate ProgramsHow the US Government Shutdown Will Affect Key Agencies
(DBN)

Gold hits fresh all-time high as U.S. government shutdown dents risk appetite
(DBN)

Dollar Extends Losing Streak as US Government Shutdown Begins
(DBN)

The world’s first carbon border tax will soon go live — shaking up global trade
(DBN)

Kentucky has kicked people off food benefits using data that doesn’t tell the full story
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Case-Shiller: National House Price Index Up 1.7% year-over-year in July
(DBN)

Embattled investor Moshe Silber files for bankruptcy, claims he’s broke
(DBN)

‘Help with mortgage’ Google searches reach levels unseen since 2009
(DBN)

Why a shutdown looms over the housing market
(DBN)

Real estate agents huddle for warmth amid frozen home sales
(DBN)

National Flood Insurance Program is set to expire Tuesday, halting new policies and some home loans
(DBN)

Millions Could Lose Housing Aid Under Trump Plan
(DBN)

Real estate turns ‘invisible’ as data centers outshine towers and malls, but funding gap strains lenders
(DBN)

FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings
(DBN)

Goldman Says Looser Land Rules May Ease US’s Housing Squeeze
(DBN)

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Municipalities:

State withholds $160k as Lake City borders on bankruptcy
(DBN)

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Oil/Gas:

U.S. Government Shutdown Leaves Energy Markets on Edge
(DBN)

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Pharma:

Trump announces deal with Pfizer to lower drug pricesPfizer agrees to lower prescription drug costs for Medicaid in a deal with TrumpTrump Unveiling New Drug-Selling Website Named After Himself
(DBN)

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Education:

Trump administration moves to further strip federal funding from Harvard
(DBN)

Trump says Harvard deal is close, university will pay $500 million
(DBN)

Harvard Blasts Administration Over ‘Inaccurate’ Civil Rights Investigation
(DBN)

Nebraska joins Trump program to use public money for private school tuition
(DBN)

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Healthcare:

Hundreds of VA doctors and caregivers warn that cutbacks, policy changes threaten veterans’ care
(DBN)

Affordable Care Act premiums will rise 114% if enhanced subsidies expire, KFF saysFactCheck: People with insurance through the Affordable Care Act will see a “75% increase in premiums starting Nov. 1” if enhanced subsidies are not extended, including “twice as much in the rural areas.”
(DBN)

Whistleblower claims Dallas hospitals kept kidneys from poorer patients
(DBN)

RFK caught secretly popping nicotine pouch in Oval Office
(DBN)

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Retailing:

Pirch, defunct luxury kitchen retailer, used customer deposits to enrich execs, lawsuit says
(DBN)

Everything must go: 135-year-old Northwest pharmacy chain fades away
(DBN)

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Politics:

Trump Is Still Unpopular in Our Poll. Why Aren’t Democrats Doing Better?
(DBN)

Top Military Brass Clash With Hegseth in New Pentagon BattlePete Hegseth Declares War on ‘Woke Garbage’ in Military5 takeaways on Hegseth’s ‘liberation day’ military meetingHegseth declares war on ‘fat’ generals, troopsNewsom Trolls Trump’s Physique After Hegseth Demands No ‘Fat’ Generals AllowedHegseth imposes male standards on all combat roles in militaryOfficers should leave the service if they don't agree with him, Hegseth saysA Novice Defense Secretary Lectures the Brass on What It Takes to Win Trump went off about ‘ugly’ stealth warships in his wandering chat with US generals and admiralsTrump floats the idea of bringing back battleshipsTrump and Hegseth Recount Familiar Partisan Complaints to Top Military LeadersCringey ‘FAFO’ Threat Met With Awkward SilenceHegseth Bans Beards at Work After Begging to Keep His Beard on Fox
(DBN)

They Celebrated Vigilante Justice on the Battlefield. Then They Brought It Home.
(DBN)

Disney lost 1.7M subscribers during Kimmel suspension: Report
(DBN)

Trump Declares War on American CitiesTrump suggests using ‘dangerous’ US cities as ‘training grounds’ for militaryTrump, justifying domestic military action, tells Pentagon leaders to ‘handle’ the ‘enemy from within’Trump Tells Generals the Military Will Be Used to Fight ‘Enemy Within’Trump Tells Military Brass US Faces ‘Invasion From Within’Trump Signals Greater Use of Military in U.S. CitiesTrump’s Sinister Threat to ‘Take Out’ Enemies in U.S. Cities
(DBN)

Trump Says Portland Is ‘War Ravaged.’ Here’s What to Know About Crime in the CityTexts Reveal Trump’s Unhinged Exchange With Governor Over His Crackdown
(DBN)

Governor Wants National Guard Troops Deployed in Louisiana
(DBN)

Attorney General Bondi says 9 arrested on first day of federal crackdown in Memphis
(DBN)

Florida Cabinet approves land in Miami for Trump library
(DBN)

Trump administration moves to defund inspector general watchdog group
(DBN)

The Legend of Zohran
(DBN)

'There could very well be consequences': Trump's team pressures wary GOP lawmakers to draw new maps
(DBN)

New Republican-drawn congressional map in Missouri faces possible referendum obstacle
(DBN)

Erika Kirk, Charlie Kirk’s widow and new messiah of MAGA ChristianityFuentes: Really Bad Feeling About Her, She Is Very Fake
(DBN)

Teen Dubbed Charlie Kirk’s ‘Protégé’ Sparks MAGA Rage
(DBN)

Lawmakers Across the Country This Year Blocked Ethics Reforms Meant to Increase Public Trust
(DBN)

Kamala Harris’s New Book Racks Up Massive Sales — On Track to Be Best-Selling Memoir of 2025, Publisher Says
(DBN)

Democrats wary support may be sliding among typically loyal voters in New Jersey governor’s race
(DBN)

Why Trump is going for Soros
(DBN)

The Trump-Appointed Diplomat Accused of Shielding El Salvador’s President From Law Enforcement
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (43 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Worrying Signs in Bankruptcy Statistics?
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Mass Torts:

Vermont Catholic Diocese struggles to pay legal costs after bankruptcy, sexual abuse settlements
(DBN)

Diocese says it will meet bankruptcy deadline
(DBN)

Survivors blame Baltimore Archdiocese — and their own lawyers — for lack of progress in bankruptcy case
(DBN)

Federal Court Dismisses Majority of Opioid-Related Claims Against McKinsey, But Legal Challenges Persist
(DBN)

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Backstops:

District Court Rejects Exclusive Backstop in Chapter 11 Plan
(DBN)

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Jurisdiction:

Do Federal Courts Have Bankruptcy Jurisdiction Over Solvent Debtors? (Bestwall v. Committee)
(DBN)

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Aviation:

Key Lessons for Aircraft Lessors from the Ukraine/Russia Conflict: A Bankruptcy Perspective
(DBN)

Spirit Airlines gets up to $475 million financing amid bankruptcy processSpirit on track to receive $475 million from creditors to help airline fly through bankruptcySpirit Touts Progress in Bankruptcy RestructuringSpirit Airlines Prepares To Reject Certain Aircraft Leases
(DBN)

Fly Play Cancels All Flights After Declaring Bankruptcy
(DBN)

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Tech:

Wolfspeed shares jump over 50% on pre-market Wall Street session as chipmaker exits Chapter 11 bankruptcy proceedings
(DBN)

Trump-appointed Commerce Secretary pulls funding for Biden-era chip research initiative‘Semiconductor slush fund’: How the Trump admin seized control of Biden’s $7.4 billion chips initiative
(DBN)

Tilly Norwood, fully AI 'actor,' blasted by actors union SAG-AFTRA for 'devaluing human artistry'
(DBN)

Disney sent cease and desist letter to Character.AI over use of copyrighted characters
(DBN)

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Autos:

First Brands bankruptcy probe examines if invoices were pledged multiple times
(DBN)

First Brands Investigates Billions In Off-Balance Sheet Funds
(DBN)

Millennium Takes $100 Million Hit in Collapse of First Brands
(DBN)

First Brands Collapse Renews Concerns Over Murky Trade Finance
(DBN)

Auto giant's collapse sparks recession fears in haunting parallel to 2008 crash: 'Canary in the coal mine'
(DBN)

Auto Parts Supplier's Bankruptcy Spells Potential Trouble for Loads of People Who Own a Car, Truck, or SUV
(DBN)

Bankruptcies In Auto Lending Reveal Cracks In US Credit
(DBN)

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Climate:

Near Garden Where Popes Go to Pray, Leo Plans to Speak on Climate
(DBN)

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Theme Parks:

It's the end of an era - and the start of a new chapter for Miami Seaquarium
(DBN)

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Private Credit:

Cracks to Emerge in Old Private Credit Deals: Oaktree’s Poli
(DBN)

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Fraud:

September 2025 Ponzi Scheme Roundup
(DBN)

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Personal Finance:

Debt.com Survey Reveals Credit Card Debt Driving More Divorces Than Ever
(DBN)

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Agribusiness:

US Lawmakers Give Up on China Resuming Crop Purchases for Now
(DBN)

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Sovereigns:

Zambia’s credit rating will only improve when debt restructuring with other creditors progresses – PwC
(DBN)

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UK:

JLR’s government loan guarantee should come with strings
(DBN)

Thames Water creditors will promise not to sell before 2030
(DBN)

From £10k a Week Star to Bankruptcy: Liverpool Legend Owes £1.5 Million in Unpaid Taxes and Debts
(DBN)

Economy growth stalled in second quarter 
(DBN)

UK insolvency numbers show the pressure on businesses is not letting up
(DBN)

Business confidence falls to new record low
(DBN)

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EU:

Euro area annual inflation up to 2.2%
(DBN)

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Canada:

Huge Ontario alleged mortgage fraud case exposes cracks in syndicated lending
(DBN)

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MENA:

An Entire Generation of Americans Is Turning on Israel
(DBN)

Hamas ‘leaning toward accepting’ Trump’s plan for Gaza
(DBN)

Here’s What We Know About Trump’s Plan for Gaza
(DBN)

Women in Gaza say they were promised food, money or work in exchange for sexual interactions
(DBN)

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Spain:

Teenage hitmen on the Costa del Sol: ‘He ordered murderers like someone orders a pizza’
(DBN)

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China:

Tourists Are Flocking to a Chinese Megacity That’s Straight Out of Sci-Fi
(DBN)

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Venezuela:

Top Trump Aides Push for Ousting Maduro From Power
(DBN)

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Russia:

Russia’s hybrid war is ‘only the beginning’, warns Danish PM
(DBN)

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India:

ED vs IBC: Govt to resolve legal clash impacting homebuyers in builder bankruptcies
(DBN)

ESI Amounts Are 'Trust Property', Not Part Of Corporate Debtor's Liquidation Estate: NCLAT New Delhi
(DBN)

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Brazil:

Rio Court Ousts Oi Leadership in Partial Bankruptcy Intervention
(DBN)

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Argentina:

Milei’s Financing Assurances Briefly Lift Argentine Bonds, Peso
(DBN)

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Germany:

German court overturns Volkswagen settlement approval in diesel scandal
(DBN)

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