October 21, 2025

The Daily Bankruptcy News

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Law:

It’s ‘Open Season’ For New Partners To Be Recruited In Biglaw’s ‘Free-Agency Era’
(DBN)

GenAI And The Billable Hour
(DBN)

Neal Gerber Eisenberg Welcomes Josh Altman as Partner in Restructuring & Insolvency Practice
(DBN)

Ropes & Gray Sticks to Equity-Only Partner Model, Snubbing Trend
(DBN)

Goodwin Procter Collects Record $2.7 Billion on M&A, Litigation
(DBN)

The In-House Career Rut Is Real, but You Can Stop Feeling Stuck
(DBN)

Trump Prosecutors Hint at Plot to Boot Comey’s Defense LawyerTrump's Mar-a-Lago lawyer makes classified info complaint against top James Comey attorney Comey seeks to have indictment tossed for vindictive prosecution, questions about prosecutor's appointmentComey Moves to Dismiss Justice Department Charges
(DBN)

DOJ whistleblower says he refused to lie in the Abrego Garcia case
(DBN)

Miami Attorney Faces Defamation Lawsuit Over Alleged False Media Statements in Real Estate Dispute
(DBN)

ICE’s ‘Athletically Allergic’ Recruits - One Third Flunking OutWhistles take over Chicago as the small, inexpensive device becomes popular way to alert of ICE activityICE’s “Kavanaugh Stops” Highlight Flaws in Immigration Enforcement Practices, Prompting Legal Critiques and Calls for ReformCongressional Democrats Investigate Arrests of Americans During Raids
(DBN)

Jeffrey Epstein had dinners with top criminal prosecutor following favorable deal, documents show
(DBN)

Trump admin. fires 2 prosecutors who opposed charges against N.Y. Attorney General Letitia James, source says
(DBN)

Jeanine Pirro Is The Biggest Loser
(DBN)

Things At The DOJ Are Just As Lawless As You Feared
(DBN)

Prison Is Running Massive Ghislaine Maxwell Coverup for Trump: Insider
(DBN)

Pam Bondi’s DOJ Keeps Annoying Judges
(DBN)

Justice Department Scrutinizes a Trip Fani Willis Took to the Bahamas
(DBN)

Trump Considering Commuting Diddy's Sentence This Week
(DBN)

Former NFL player Doug Martin died after struggling with officers while being detained, police say
(DBN)

Trump Lawyer Habba’s Role as NJ Prosecutor Draws Court DoubtDOJ lawyer makes telling admission about Alina Habba's appointment at end of arguments
(DBN)

Utah County Prepares for Trial of Kirk Murder Suspect
(DBN)

Man who sent ‘So I raped you’ message is sentenced to 2 to 4 years for 2013 campus assault
(DBN)

Former N.Y. state prison guard found guilty in death of inmate beaten, 2 others acquitted
(DBN)

Malibu proposes arresting homeless people to prevent wildfires
(DBN)

Diminutive accountant stands on tip-toes to tear down Trump sign, shoots up owner’s house: cops
(DBN)

Crime in Chicago Is a Choice
(DBN)

Man slaughters 3 before crashing minivan into a Buc-ee's, pinning woman to display: Police
(DBN)

Teen 'spinning' gun during Russian roulette kills her 16-year-old girlfriend
(DBN)

Son journaled about plans to 'eliminate' parents before they were found shot to death
(DBN)

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Judges:

Federal courts furlough some staff as money runs out; Supreme Court will close to the public
(DBN)

Supreme Court to hear challenge to law barring drug users from guns
(DBN)

How the Supreme Court placed ICE above the law
(DBN)

A Mill of Miller:  Examining the Supreme Court’s Recent Bankruptcy Jurisprudence
(DBN)

Federal Judge in North Carolina Issues Sanctions Against State DOJ for Frivolous Legal Tactics
(DBN)

Appeals court lets Trump deploy Oregon National Guard to Portland
(DBN)

Federal Appeals Court Rejects Trump Administration Request To Delay CFPB Lawsuit Due To Government Shutdown
(DBN)

Federal Judge Says Prosecutors Are ‘Personally Adverse’ to Him
(DBN)

Judge demands answers from federal authorities on continued use of tear gas in Chicago area
(DBN)

Federal officials try to reassure judge they’re following her orders to tone down and record Chicagoland protest actionsOfficial defends use of tear gas in Chicago and says agents on immigration sweeps have cameras
(DBN)

Name change petition by suspended and retired judge filed ‘with intent to mislead,’ court says
(DBN)

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Wall Street:

Stock futures slip after major U.S. indexes rally to start the week
(DBN)

The Warning Signs Lurking Below the Surface of a Record Market
(DBN)

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Layoffs:

Democrats demand details on planned Energy Department layoffs
(DBN)

Paramount Skydance Mass Layoffs to Start Week of Oct. 27
(DBN)

Omnicare to close California location, laying off 64
(DBN)

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Gambling:

YouTube crackdown, Trump's "big, beautiful bill" threaten future of gambling
(DBN)

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Education:

Abbott: ‘Texas is targeting professors’ over ‘leftist ideologies’
(DBN)

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Finance:

Why credit risks are jarring Wall Street
(DBN)

Wall Street might be panicking over private credit, but insiders can’t see what all the fuss is about
(DBN)

2 Bankruptcies, 1 Message: How Markets Are Reacting to Private Credit Risks
(DBN)

JPMorgan warns First Brands fallout driving up banks’ funding costs
(DBN)

Fraud fears give financiers an unexpected stress test
(DBN)

The First Brands and Tricolor bankruptcies are best understood as a window into the modern credit value chain
(DBN)

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Retailing:

Amazon Delivery Firms Are Bailing Amid Rising Costs, Meager Profit
(DBN)

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Healthcare:

Hartford HealthCare wins Prospect Medical Holdings CT hospitals
(DBN)

Lawmakers urge Hartford HealthCare to invest in ailing hospitals after bid win
(DBN)

Modivcare CEO’s Post-Bankruptcy Recovery Plan: Aligning People, Advancing Technology
(DBN)

Northeast Insurance files Chapter 15 bankruptcy
(DBN)

White Wilson files for bankruptcy, will continue operations
(DBN)

Private Medicare, Medicaid plans exaggerate mental health options, watchdogs say
(DBN)

Your health insurance premiums are set to jump in 2026, with costs rising twice as fast as inflation`
(DBN)

Dr. Oz Says The Medicaid Program Is Complicit In ‘Legalized Money Laundering’
(DBN)

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Economy:

This vital ingredient suggests the U.S. economy is still faring OK — with no recession brewing
(DBN)

Trump says inflation is dead. Most data says: Not quite.
(DBN)

Tariffs likely to spur ‘meaningful’ inflationary surge: Atlanta Fed
(DBN)

The world economy shrugs off both the trade war and AI fears
(DBN)

What the global elite got wrong about Trumponomics
(DBN)

The ‘Anti-Woke’ Tax That All Americans Are Paying
(DBN)

Supreme Court Is Told Trump Tariffs Are Illegal $3 Trillion Tax China is well positioned for a trade showdown with Trump The toxic tragedy of US-China trade talks Trump vows to keep 'massive' India tariffs until Russian oil imports stopPort fees and tariff sprees: Sailing into Sino-US stormy seas
(DBN)

Trump signs $8.5 billion rare earths deal with Australia
(DBN)

After an ICE Raid in Rural Georgia, Hyundai Keeps Betting on America
(DBN)

Global economy 'yet to feel the pain' from tariffs, European Central Bank president says
(DBN)

Trump struggles to crack tariff piggy bank
(DBN)

Small businesses pause hiring amid shutdown
(DBN)

US Chamber sues White House to block ‘plainly unlawful’ H-1B visa fee
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

California Home Sales Up 6.6% Year-over-year SAAR in September
(DBN)

Housing October 20th Weekly Update: Inventory Up 0.3% Week-over-week
(DBN)

Sonder scrambling to stave off bankruptcy
(DBN)

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Municipalities:

Receiver settles with Chester retirees; bid process for water systems moves ahead
(DBN)

Cle Elum OK’s increase in sales tax
(DBN)

San Francisco Emerges From the Shadow of a Doom Loop
(DBN)

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Oil/Gas:

Oil Prices Keep Dropping as World's Tanker Fleet Amasses 1 Billion Barrels
(DBN)

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Politics:

Critical Warning as America’s Nuke Watchdog Moves to Skeleton StaffingSenate Republicans head to White House amid stalemate on shutdown FAA says air traffic controller staffing issues cause delays amid shutdownDemocratic senators fear getting ‘hammered’ after ‘No Kings’ for ending shutdownTrump adviser predicts Democrats will shift on shutdown post-‘No Kings’ Chip Roy floats nuclear option on Senate filibuster to end shutdownSpeaker ‘Mad Mike’ Johnson becomes voice of GOP shutdown strategyShutdown could halt SNAP benefits for millions, states saySen. Mark Kelly on government shutdown: "we should be able to wrap this up this week"White House economic advisor Hassett says shutdown could end this week
(DBN)

Lawmakers bemoan Trump’s latest power grab: Troop pay
(DBN)

White House begins demolishing East Wing facade to build Trump’s ballroom
(DBN)

The leaked Young Republican group chat points toward a bigger problem
(DBN)

Democratic senators fear getting ‘hammered’ after ‘No Kings’ for ending shutdown
(DBN)

Ted Cruz Warns of 2026 Risk for GOP as Protests Show Voter Anger
(DBN)

Trump nominee says MLK Jr. holiday belongs in ‘hell’ and that he has ‘Nazi streak,’ according to texts
(DBN)

‘No Kings’ Map Estimates Highest, Lowest Turnout by State
(DBN)

Trump Lashes Out Over Question About Bailing Out Argentina
(DBN)

Your typical No Kings attendee in D.C., according to data
(DBN)

Trump takes shot at Australian ambassador in meeting with prime minister
(DBN)

Greene: GOP will lose House if it doesn’t tackle cost of living
(DBN)

Trump Targets George Soros: Billionaire Accused Of Funding ‘No Kings’ Protests
(DBN)

Kenny Loggins Pooh-Poohs President Using His Music To S--- On Protestors
(DBN)

Trump Posts Menacing Video of Never-Ending Presidency
(DBN)

Marines investigating errant live-fire blast over California’s I-5
(DBN)

Meet the young Americans who want a monarchy — but not ‘King Trump’
(DBN)

Officials, locals undercut Trump claims about Venezuela drug boats
(DBN)

Bogota Slams US 'Invasion' Threat After Trump Vows To End Colombian Drug Production
(DBN)

Why is the Trump administration releasing alleged ‘narco-terrorists’?
(DBN)

Polls Reveal Warning Signs for Democrats Ahead of Midterms
(DBN)

The Origins of Zohran Mamdani’s Long GameProminent NYC rabbi rips Zohran Mamdani as a ‘danger’ to Jewish New Yorkers
(DBN)

MTG Brings Out the Big Guns With Fiercest Warning to GOP Yet
(DBN)

House Republicans preparing report on Biden’s use of autopen after months of investigation
(DBN)

How Huntington Beach became California's angriest MAGA city
(DBN)

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Banking:

US bank rout prompts deal speculation as credit worries loom
(DBN)

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History:

The Risk of Financial—And Moral—Collapse
(DBN)

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Agribusiness:

Trump’s Argentina Beef Plan Risks Rancher Ire, Little Relief
(DBN)

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Movies:

‘$1,500 a Day for a Guy to Sit in a Car’: Indie Producers Warn Los Angeles Is a ‘Hostile’ Place to Film
(DBN)

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Climate:

Global warming may have volcanic consequences
(DBN)

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Trucking:

Wave of trucking companies file for Chapter 11 bankruptcy
(DBN)

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Manufacturing:

Ascend Performance Materials Receives Court Approval of Disclosure Statement
(DBN)

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Fraud:

Bankruptcy trustee to take control of Daryl Heller's assets
(DBN)

Job seekers are applying for high-level roles — only to discover it's all a scam
(DBN)

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Student Debt:

Trump agrees to process more student-loan forgiveness claims — and prevent some borrowers from getting a big tax bill next year
(DBN)

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New Bankruptcy Opinions
(6 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 (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Sandy Hook Families Challenge Push to Abandon Infowars Equity
(DBN)

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Bankruptcy Strategy:

Vendors Must Beware of Administrative Insolvency in Chapter 11
(DBN)

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Aviation:

US's Flyte eyes bankrupt Verijet's aircraft and other assets
(DBN)

Backers of bankrupt airline shut down in Chapter 11 arrested for fraud
(DBN)

Jet Carrying 155 Skids Off Runway in Scary Emergency Landing
(DBN)

The World’s 10 Most Disliked Airlines Revealed In Global Study
(DBN)

Rex Airlines finds US buyer after entering voluntary administration‘Air T-Rex’ to rise from the ashes of insolvencyRex saved, creditors get none of $500m owed
(DBN)

United Pilot Injured as Mystery Object Hits Windshield in Mid-Air Emergency
(DBN)

Transportation Secretary Duffy warns of more travel disruptions as shutdown continues
(DBN)

Airports go from flight hubs to food banks to feed starving TSA agents amid government shutdown
(DBN)

Man who planned to shoot up Atlanta’s airport is arrested in a terminal following a tip, police say
(DBN)

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Tech:

AWS outage spotlights the global economy's fragile foundationsAmazon Outage Forces Hundreds of Websites Offline for Hours Amazon Says Issues Still Affect AWS Service After Fixing OutageAWS outage: Widespread site issues persist as disruption passes 12 hoursAmazon says systems are back online after global internet outage
(DBN)

From Mexico to Ireland, Fury Mounts Over a Global A.I. Frenzy
(DBN)

China blames US for cyber break-in, claims America is world's biggest bit burglar
(DBN)

OpenAI’s Latest ‘Breakthrough’ Is a Sobering Reality Check
(DBN)

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Autos:

Santander worked with First Brands on refinancing before bankruptcy
(DBN)

First Eagle’s Napier Park to Reclaim Goods Sold to First Brands
(DBN)

GM raises guidance after beating Wall Street expectations, lowering tariff costs
(DBN)

Cost and chaos continue to test resiliency of U.S. auto industry
(DBN)

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Food/Beverage:

How to Build, Then Lose, a Restaurant Empire
(DBN)

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UK:

Latest corporate insolvency figures highlight ‘stable stress’ across the region
(DBN)

Expert reveals reason for rise in Scots company failures
(DBN)

28,000 British businesses face bankruptcy this year
(DBN)

Pizza Hut to shut 68 restaurants in UK after company behind venues falls into administrationPizza Hut's restaurant division plunges into administration with hundreds of jobs at risk
(DBN)

Thames Water Delays Decision on Appealing Ofwat Ruling on Bills
(DBN)

Bodycare: Creditors to lose millions after retailer’s collapse
(DBN)

Spike in employer pension contributions could throw UK businesses into insolvency
(DBN)

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EU:

Europe’s green steel hope Stegra races to avoid fate of sister group Northvolt
(DBN)

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Canada:

Canadians Grow Gloomy on the Economy as US Trade War Persists
(DBN)

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Russia:

In tense meeting, Trump told Zelensky to concede land, meet Putin’s demands
(DBN)

Trump calls for Ukraine war to halt with Russia in control of occupied territory: "Leave it the way it is"
(DBN)

Europeans rush to Volodymyr Zelenskyy’s defence after tense Donald Trump meetingEU pushes back on Trump’s demand Ukraine cede territory to Putin
(DBN)

Trump Suddenly Changes His Tune on Ukraine After Disaster Meeting
(DBN)

Trump Casts New Doubt on Ukraine’s Ability to Defeat Russia
(DBN)

US Senate to ‘Pause’ Russia Sanctions Bill, GOP Leader Says
(DBN)

UK Readies $134 Million to Send Forces to Ukraine After Accord
(DBN)

Europe Leaders Back Immediate Freeze of Battle Lines in UkraineUkraine and European allies call for peace deal based on ‘current’ front lines
(DBN)

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MENA:

Trump: ‘We are going to eradicate Hamas’ if ceasefire doesn’t hold
(DBN)

"Absolutely not": Witkoff, Kushner reject Gaza genocide claims in "60 Minutes" interview
(DBN)

Twelfth deceased hostage identified after 2 returned to Israel overnight, kibbutz says
(DBN)

Khamenei Tells President 'Keep Dreaming' Over Claims Of Destroying Nuke Sites
(DBN)

Gaza Operations of Much-Criticized U.S. Aid Group Unravel
(DBN)

Lasting Peace In Israel Is As Certain As Canada Becoming The 51st State
(DBN)

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Argentina:

Argentina, U.S. sign $20 billion currency deal as Trump says country "dying"Argentine peso weakens to fresh low despite US interventionsTrump’s Argentine gamble benefits almost no one
(DBN)

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France:

France puts a former president, Nicolas Sarkozy, behind bars
(DBN)

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China:

A Troubled $140 Billion Bet on China Property Gets Even Worse
(DBN)

Trump says he plans to visit China "fairly early next year"
(DBN)

China’s rare earth magnet exports to U.S. falls for second month, reversing brief recoveryTrump Makes Rare Earths Deal With Australia to Fight China
(DBN)

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Brazil:

Troubled Ambipar Kickstarts Bankruptcy Filings in Brazil, Texas
(DBN)

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Austria:

Austrian ex-billionaire Benko appeals against insolvency fraud conviction
(DBN)

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Netherlands:

In a Trump-like deal, Netherlands eyes to start deporting migrants to Uganda from next year
(DBN)

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