September 24, 2025

The Daily Bankruptcy News

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Law:

Donald Trump Desperately Wants To Prosecute His ‘Enemies’
(DBN)

Letitia James Mortgage Fraud Probe Is Moving Ahead at DOJ
(DBN)

The Biglaw Firms Where Associates Are Working The Longest Hours (2025)
(DBN)

Orrick to Wind Up Switzerland Base by Year End Following Review
(DBN)

Former Chair Of Top 15 Biglaw Firm Passes Away
(DBN)

Federal Judge Sanctions Lawyers $24,000 for AI-Generated Errors
(DBN)

How law department leaders should approach technology adoption to maximize impact and efficiency
(DBN)

St. Thomas College of Law found out of ABA accreditation compliance
(DBN)

Law Firms’ Leftward Political Shift: Implications for Clients and Corporate Strategy
(DBN)

Louisiana Law Firms Face Scrutiny Over Alleged Inflated Hurricane Damage Claims
(DBN)

Trump’s US attorney pick could put him on collision course with Senate
(DBN)

Suspect Ryan Routh awaits verdict in Trump assassination attempt trialRyan Routh found guilty in Trump golf course assassination attemptConvicted would-be Trump assassin tries to stab himself with pen after verdict Would-be Trump assassin Ryan Routh’s daughter screams and runs from courthouse after guilty verdict read Trump assassination attempt suspect found guilty after daughter goes off on Cannon, DOJ
(DBN)

ICE held 5-year-old autistic girl to push father to surrender, family saysMore Americans in new poll think companies benefit from legal immigrationUS government posts Pokemon video of ICE raids saying ‘gotta catch ’em all’ICE Detains Man with Green Card, Dying Wife After 30 Years in US—FamilyFlorida Green Card Applicant Detained by ICESenate Judiciary Committee Probes Justice Department’s Decision to Close Bribery Investigation Involving White House Border Czar
(DBN)

Democrats Open Inquiries Into Handling of Homan Investigation
(DBN)

The Department of Homeland Security Is Unlawfully Collecting DNA
(DBN)

Secret Service foils massive plot to cripple NYC cell network and threaten UN General AssemblyCache of Devices Capable of Crashing Cell Network Is Found Near U.N.Secret Service agents dismantle network that could shut down New York cellphone system
(DBN)

Arizona appeals court denies AG's bid to revive 'fake electors' case
(DBN)

Trump Appoints 35-Year-Old Insurance Lawyer as Top Virginia Prosecutor
(DBN)

WSJ asks judge to make Trump pay up for filing 'meritless' suit over 'true' Epstein story
(DBN)

Mom says 11-year-old son was expelled after dismantling classmate's gun
(DBN)

My day in America’s murder capital, where 12-year-olds have weapons
(DBN)

Augusta Mall Shooting: Active Shooter Confirmed in Georgia
(DBN)

El Paso Shooting: Gunman Opens Fire on Crowd of Teenagers, Several Hurt
(DBN)

Man lied 400 times after killing girlfriend and driving her to the hospital
(DBN)

Pastor’s Son Held 4 People Captive in Basement for Years: Police
(DBN)

Man claimed he 'accidentally' shot up bar after being banned for life, killed owner: Cops
(DBN)

'Done': Hired gun tracked father-to-be with GPS for days before executing him
(DBN)

Suspect charged with arson after fire at a Florida synagogue days before Rosh Hashanah
(DBN)

Man shot his ex to 'prove his love to his new girlfriend': Prosecutors
(DBN)

Victim’s son asks Alabama to stop execution of man who killed his mother in a gas station holdup
(DBN)

Woman asks cop 'how much would the bond be if I smacked her' before doing so: Police
(DBN)

State of Connecticut settles lawsuit over convict's killing of visiting nurse for $2 million
(DBN)

2 Black men wrongly accused in 1989 killing of white woman in Boston get $150K from city
(DBN)

Man threatens to kill woman for unplugging his laptop while he was jamming out, cops say
(DBN)

'Maximum risk to reoffend': Stalker gets probation to 'work on his demons'
(DBN)

Defense tells judge Sean 'Diddy' Combs has served enough time behind bars
(DBN)

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Judges:

BK MD FL: Bankruptcy Judge Jacob A. Brown Appointed Chief Bankruptcy Judge
(DBN)

Supreme Court will consider president’s power to remove commissioners of independent agencies
(DBN)

Elena Kagan Warns Supreme Court 'Overriding' Congress to Give Trump a Win
(DBN)

Supreme Court Could Have Major Impact on Midterm Elections
(DBN)

Oldest federal judge, 98, refuses to go away quietly after being shelved yet again
(DBN)

Judge ignored orders to imprison woman because she didn't want baby taken from mom
(DBN)

Judge orders Trump administration to restore more than $500 million in research funds to UCLA
(DBN)

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Wall Street:

S&P 500 futures rise after a losing session on Wall Street
(DBN)

Fed Chief Powell says stock prices appear ‘fairly highly valued’
(DBN)

RIP to safe havens
(DBN)

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Layoffs:

Capital One Cuts Discover WorkersCapital One cutting nearly 400

Bluestem Operating Company announces an additional 100 layoffs
(DBN)

DOGE's Rollercoaster: GSA Shakes Up Staffing with Mass Rehiring after Musk-Style Cuts
(DBN)

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Biotech:

Biotech firm files Chapter 11 bankruptcy for 3 labs, explores crypto plan
(DBN)

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Student Debt:

The share of US student loans entering ‘serious delinquency’ surged to 21-year high
(DBN)

____________

Autos:

First Brands’ Slide From Refinancing to the Brink of BankruptcyFirst Brands lenders tap Evercore as capital structure collapsesTricolor’s Unconventional Bankruptcy Move Sparks Legal Debate on Corporate Liquidation StrategiesTricolor's bankruptcy raises questions about underwriting and recovery
(DBN)

'Keep paying the loan,' experts urge, as Tricolor files for bankruptcy
(DBN)

Auto Loan Delinquencies On The Rise
(DBN)

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Awards:

American College of Bankruptcy Announces Recipient of 2025 Diversity, Equity and Inclusion Excellence Award
(DBN)

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Climate:

Trump slams climate change efforts, calls it the 'greatest con job'
(DBN)

Trump’s allies still waiting for him to land his hardest climate blow
(DBN)

Energy-related CO2 emissions are falling in every state
(DBN)

____________

Pharma:

Tylenol parent’s stock rises despite Trump autism claims
(DBN)

Tylenol Maker Kenvue Faces Mounting Crisis After Trump’s Rebuke
(DBN)

Scientist behind Trump’s Tylenol claims was paid to give evidence against drug maker
(DBN)

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Religion:

The Catholic Church Has a Manpower Problem: Fewer Priests Every Year
(DBN)

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Fraud:

Reviving RadioShack Online Turned Into Ponzi Scheme, SEC Claims
(DBN)

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Hotels:

Bankrupt LuxUrban Is Taking Reservations At Shuttered Hotels, Court Filings Warn
(DBN)

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Tech:

Sam Altman on OpenAI’s $850 billion in planned buildouts: ‘People are worried. I totally get that’
(DBN)

OpenAI’s first data center in $500 billion Stargate project is open in Texas. New Mexico, Ohio are coming
(DBN)

AI-generated ‘workslop’ is destroying productivity and teams, researchers say
(DBN)

Nvidia’s $100bn bet on ‘gigantic AI factories’ to power ChatGPT
(DBN)

Altman, Huang and the last-minute negotiations that sealed the $100 billion OpenAI-Nvidia deal
(DBN)

Robot umpires are coming to MLB. Here's how they work
(DBN)

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Economy:

US Business Activity Cools With Fewer Firms Able to Hike Prices
(DBN)

Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts
(DBN)

Powell Reiterates No Risk-Free Path for Fed Amid Dual ThreatsJerome Powell Gives Interest Rate Cuts Update Amid Trump PressurePowell signals Federal Reserve to move slowly on interest rate cutsThe Fed's rate cut rationalePowell calls for bolstering job market while warning of rising inflation
(DBN)

Bank of Canada head: Trump is raising questions about independence of US monetary policy
(DBN)

Paul Krugman warns tariff ‘chaos’ won’t bring back US manufacturing jobs — and adds Trump’s moves make America look like Denmark. What does that mean?
(DBN)

Tariff hit looms over meeting of U.S. trade rep with Southeast Asian counterpartsCarney Touts Trade Opportunities With China, Aims to Meet With Xi
(DBN)

U.S. Economic Growth Projected to Slow by 2026 Amidst Persistent Global Trade Tensions, OECD Warns
(DBN)

JPMorgan CEO Jamie Dimon Issues Warning About U.S. Economy
(DBN)

US business equipment borrowings fall in August
(DBN)

Number of Americans With No Emergency Savings Soars
(DBN)

Trump cancels meeting with Democrats on how to prevent a government shutdownBlasts ‘Ridiculous Demands’ Trump’s bitterness with Schumer increases odds of shutdown Why Obamacare funding is a sticking point in the fight to avoid a government shutdownHouse Democrats go on offense with $3M ad blitz over tariffs, shutdown threat
(DBN)

Houston’s young adults face 8th highest credit card delinquency in U.S.
(DBN)

Eli Lilly to build $6.5 billion Texas manufacturing facility for obesity pill, other drugs
(DBN)

Trump Admin Pushes for Major Change to H-1B Selection ProcessDHS Proposes Shift to Salary-Based H-1B Visa Priority, Aiming to Attract High-Value Workers Trump’s crackdown on high-skill immigration will make Americans poorerTrump’s H-1B visa caper will backfireTrump’s self-defeating move on skilled worker visasDimon Says Trump’s New H-1B Visa Fee ‘Caught Everyone Off Guard’Germany Courts Indian Talent After Trump Targets H-1B VisasTrump’s $100,000 H-1B Move Draws California Legal Review
(DBN)

Young adults embrace ‘financial nihilism’ with risky crypto, stock bets as American dream feels unattainable
(DBN)

Trump Administration’s End to Food Report ‘Eliminating Evidence of Hunger’
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

America’s Second Largest Homebuilder Sees House Prices Crash
(DBN)

Fannie Mae predicts mortgage rates will end 2025 at 6.4%
(DBN)

Household Formation Drives Housing Demand
(DBN)

Florida Homes Pulled Off the Market as Houses Fail to Sell
(DBN)

Single-family rent growth is starting to show new weakness
(DBN)

Missouri woman is sentenced in brazen and blundering attempt to steal Graceland
(DBN)

One of LA's tallest buildings feared to collapse when Big One finally strikes California
(DBN)

A Majority of New US Homeowners Will Be Hispanic by 2040: Experts
(DBN)

____________

Municipalities:

Trump Is Pulling the Plug on Puerto Rico’s Economy
(DBN)

New Jersey School District Downgraded After Bankruptcy Threat
(DBN)

Pritzker Plans Illinois Budget Cuts After Trump’s Policies
(DBN)

____________

Crypto:

FTX Trust Sues Crypto Miner Genesis Digital Over $1.15 Billion
(DBN)

Sam Bankman-Fried’s Tweet Sparks FTT Token Rally During FTX Bankruptcy Payout
(DBN)

How to claim your FTX Chapter 11 bankruptcy payout in the U.S., India, China, and Europe
(DBN)

____________

Retailing:

Americans are slashing their holiday shopping budgets this year, survey says — here’s how a scaled-back season could set the tone for 2026
(DBN)

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Politics:

Trump goes scorched earth on ‘failing’ UN in speech blasting immigration, ‘world ending’ nukes & ‘sharia law’ in London5 takeaways from Trump’s long, contentious UN speechWindmills, wars and marble floors: 10 topics Trump hit in meandering UN speechFive takeaways from Trump’s UN speechFact-checking Trump’s combative UN speechTrump Denies Climate Change and Twists Facts in UN SpeechTrump Celebrates Himself at U.N. General AssemblyTrump upbraids U.N. in speech, claiming ‘your countries are going to hell’Trump Stuns World Leaders With Bizarre Lecture on Climate Change ‘Con Job’ Trump charges the U.N. with failing to solve conflicts and criticizes allies in speech Full speech: Trump delivers address to the United Nations General Assembly Here’s the Footage of Trump’s Run-in With the ‘Bad Escalator’ He Seethed About in UN SpeechTrump’s UN Escalator Mishap Prompts Secret Service InvestigationTrump’s Suffers Another Teleprompter Fail During His UN Speech and Immediately Threatens the OperatorTrump gripes he didn’t get UN renovations contract in speech to General AssemblyAt UN, Trump Renews His Case for Nobel Peace Prize
(DBN)

America’s accelerating exit from itself
(DBN)

Trump Approval Rating on Economy Hits New LowMore Than Two-Thirds Of Americans Say The Economy Is Fair Or Poor, Poll Finds
(DBN)

The very specific way America could become authoritarian
(DBN)

Trump reveals plan for AI to control biological weapons after giving terrifying warning
(DBN)

Nexstar refuses to air Jimmy Kimmel’s return to ABC over Charlie Kirk controversyInside Disney’s decision to bring back Jimmy Kimmel ‘Thin-skinned’ Disney CEO Bob Iger relented on Jimmy Kimmel after criticism from Michael Eisner, whom he ‘loathes,’ insiders sayTrump supporters vent their fury over Jimmy Kimmel return: ‘This cannot stand’66 ABC Stations Won't AirQuestions surround FCC’s authority as Kimmel set to returnFCC Chair Brendan Carr Faces Ethics Complaint from D.C. Bar Over Alleged Threats Against ABC An emotional Kimmel returns to ABC and assails Trump’s ‘un-American’ attacks on free speechWhat Kimmel said about Charlie Kirk and free speechJimmy Kimmel returns after ABC suspension: ‘Never my intention to make light’ of Charlie Kirk’s murderKimmel Calls Kirk Murderer ‘Sick’ in His Return to TV
(DBN)

Nick Fuentes’ Plan to Conquer America
(DBN)

France’s Emmanuel Macron calls Trump for help as he’s forced to walk through NYC to avoid UN traffic
(DBN)

Trump settles on downtown Miami for his presidential libraryPresident's library will include adjacent hotelDeSantis offers Miami land for Trump’s presidential library
(DBN)

Kamala Harris gives Zohran Mamdani a tepid endorsement in the NYC mayoral raceKamala Harris tries to unburn the bridgesHarris on Trump: ‘We’re dealing with a communist dictator’
(DBN)

MAGA Split on Free Speech After Charlie Kirk’s Death
(DBN)

MAGA's rules for thee
(DBN)

Ted Cruz Plays the Long Game by Defending Jimmy Kimmel
(DBN)

Hegseth axes panel that encourages women to enter military
(DBN)

How Arizona voters are set to put Mike Johnson in a cornerWhat Speaker Johnson’s historically small majority looks like after Arizona’s special election
(DBN)

Why are single men so miserable?
(DBN)

Bolton: Rubio remarks on Europe, Ukraine ‘total nonsense’
(DBN)

White House’s director of 250th celebration fired by bipartisan commission
(DBN)

Trump and Epstein’s Friendship Immortalized in D.C. Statue
(DBN)

Mayors warn Trump threatens crime drops in majority-Black cities
(DBN)

Trump administration launches investigation into FEMA workers who warned disaster agency was at risk
(DBN)

Make America Fertile Again: The Strange Bedfellows of the New Baby Boom Agenda
(DBN)

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Tourism:

Las Vegas blasted for ‘crazy’ $95 ATM fees, $50 check-ins and $30 cocktails
(DBN)

15 Years Into the Boom, Iceland Asks if It’s Had Enough of Mass Tourism
(DBN)

____________

Food/Beverage:

FAT Brands engages advisers amid restructuring talks with bondholders
(DBN)

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Celebs:

A Defiant Dr. Phil Takes the Stand in His Media Startup’s Bankruptcy
(DBN)

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Agribusiness:

IRS Announces Major Tax Relief for Farmers, Ranchers
(DBN)

____________

Nuclear:

US senator says he is concerned energy secretary acting in nuclear firm's interest
(DBN)

____________

Adult Entertainment:

The Strip Club Empire in Crisis Over Alleged Lap-Dance Bribes
(DBN)

____________

Trucking:

Why Electric Truck Sales Are Accelerating Quickly
(DBN)

____________

Private Equity:

Private equity leans on weaker credit safeguards — Moody’s
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Mega Bankruptcies Surge in First Half of 2025 with Inflation, Interest Rates, and Public Policy Uncertainty Cited as Key Drivers
(DBN)

______________

Bankruptcy Policy:

Bankruptcy as a National Security Risk
(DBN)

____________

Mass Torts:

Third Circuit Largely Upholds Order Confirming Boy Scouts Chapter 11 Plan
(DBN)

Justice Department questions retired FBI agent’s role in $1.4 billion Sandy Hook lawsuit
(DBN)

____________

Safe Harbors:

Breaking New Ground: Second Circuit Rules that Bankruptcy Code's Securities Transactions Safe Harbor Bars Foreign Common-Law Claims in Chapter 15 Case
(DBN)

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Discharge:

11th Circuit: Equitable Tolling Still Does Not Apply To Deadline For §523 Discharge Complaints
(DBN)

____________

Cross-Border:

Gap Period Injunctive Relief Warranted in Chapter 15 Case Where Recognition of Canadian Receivership Likely Based on U.S. Debtors' Receivership Activities
(DBN)

Clarity in Singapore: How COMI Is Determined Under the UNCITRAL Model Law on Cross-Border Insolvency
(DBN)

____________

Avoidance Actions:

Does A Pre-Petition Lien On “General Intangibles” Attach To Chapter 5 Avoidance Actions In Debtor’s Bankruptcy? (Keystone v. Hanrahan)
(DBN)

Delaware Bankruptcy Court Allows Trustee to Pursue Recovery of Fraudulent Transfers for the Sole Benefit of Subordinated Claimholders
(DBN)

____________

Priorities:

Florida Bankruptcy Court: Proposed DIP Financing and Sale Framework for Administratively Insolvent Debtors Did Not Violate Jevic's Prohibition of Priority-Deviating Distributions
(DBN)

____________

Aviation:

Spirit Airlines Cuts Deal to Bring In Cash, Reduce Fleet Size
(DBN)

Woman Charged After Oversized Bag Attack at Airport
(DBN)

Drone Sightings Force Copenhagen and Oslo Airports to Close TemporarilyExplosion reported in central Oslo as emergency services respond Denmark PM: Drone incident at Copenhagen Airport an 'attack'Mystery ‘large drones’ that halted Copenhagen flights were Russian, Zelensky says as Putin risks WW3 with air invasions
(DBN)

Nasa plans first crewed Moon mission in 50 years for February 2026
(DBN)

US travelers will be fingerprinted before flights in new October 12 ‘border’ law hitting 29 countries
(DBN)

____________

Education:

Portland's defunct Concordia University settles $302M HotChalk lawsuit
(DBN)

Texas A&M fraternity suspended amid probe into reported hazing allegations of black urine, difficulty walking
(DBN)

____________

Healthcare:

Trump links autism to Tylenol and vaccines, claims not backed by science World health officials counter Trump's unproven claim of link between acetaminophen and autismAutism has no easy answersTrump’s Tylenol diatribe was rooted in frustrationGOP senator on Trump linking autism, Tylenol: ‘Not the case’Jon Stewart mocks Trump over acetaminophen pronunciationTylenol and pregnancy: Why Trump's "tough it out" can be harmfulPeople with autism bristle at continued stigmatization from Trump, RFK
(DBN)

Dr. Oz Completely Walks Back Trump’s ‘Don’t Take Tylenol’ Comments
(DBN)

Trump’s Tylenol Tirade Adds to Patients’ Mounting Confusion
(DBN)

RFK Jr. is running a dangerous experiment on all of us
(DBN)

Trump Suggests Amish, Cubans Have ‘No Autism’ Amid Tylenol Announcement
(DBN)

America’s Health Care Time Bomb
(DBN)

____________

UK:

Insolvency numbers drop but November Budget casts “long shadow” - North East chair of R3
(DBN)

Insolvency cases in South East fall, says Hampshire expert
(DBN)

Sanjeev Gupta sells Dubai mansion as his business woes mount
(DBN)

98% of adults still living with parents can’t afford to leave
(DBN)

Government is losing the battle against inflation
(DBN)

____________

Canada:

Canadian Hotels Report Strong Summer Business
(DBN)

____________

Ireland:

Creditors Of ‘Baron of Ballsbridge’ To Receive Share Of €23m In Bankruptcy Case
(DBN)

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Russia:

Bankruptcy proceedings for a Microsoft subsidiary have begun in Russia
(DBN)

Drones shut major airport in 'serious attack' as U.S. allies weigh tougher Russia action
(DBN)

Trump Says NATO Should Down Russian Aircraft in Breaches
(DBN)

NATO warns Russia to stop 'escalatory' actions after Estonian airspace violation
(DBN)

Donald Trump Makes Major Shift on Russia-Ukraine WarTrump Pulls a Jaw-Dropping 180 — Ruthlessly Mocks ‘Paper Tiger’ Russia in Shocking PostBacking away from Russia, Trump says Ukraine should win back its land and NATO allies should shoot down incursionsDumps Putin: Relationship 'didn't mean anything' Trump's stunning pivot on Ukraine thrills hawkish Republicans
(DBN)

Trump Says China, India Are Still Buying Oil From RussiaHungary to Rebuff Trump’s Request to Stop Buying Russian Oil
(DBN)

EU Seeks to End Russian Oil Purchases, Von der Leyen Says
(DBN)

____________

Argentina:

America First? Treasury Chief Hints at Argentina Financial Rescue
(DBN)

Trump Backs Milei, Downplays Need for ‘Bailout’ in ArgentinaTrump says he will help Argentina, World Bank to accelerate support
(DBN)

How Argentina’s Javier Milei lost the markets and turned to Donald Trump
(DBN)

____________

Germany:

Global automotive market leader files for insolvency - are the Chinese to blame?
(DBN)

Directors’ liability risk in Germany – Part 1Part 2Part 3
(DBN)

German Business Outlook Declines in Blow to Merz’s Growth Pledge
(DBN)

____________

MENA:

What Netanyahu Would Risk by Annexing the West Bank
(DBN)

In Israel, Government Backlash Brews Over Palestinian State Recognition
(DBN)

Italy sets conditions for recognizing Palestinian state
(DBN)

How Fortress Israel can survive global isolation
(DBN)

Turning point or political theater? The big push for Palestinian statehood, explained.
(DBN)

Iran's supreme leader rejects direct talks with US over his country's nuclear program
(DBN)

Macron says Trump should stop Gaza war if he wants Nobel peace prize
(DBN)

____________

Switzerland:

New debt law to be discussed in Bern
(DBN)

____________

Brazil:

Brazil’s Lula Kicks Off UN General Assembly With Jab at Trump
(DBN)

Brazil ex-president Jair Bolsonaro's son charged with coercion
(DBN)

____________

India:

Rs 3.8 lakh crore stuck in pending clawback from promoters of bankrupt firms evading recoveries
(DBN)

____________

Australia:

Bikie-linked pre-insolvency adviser gets 3 years in jail for financial deception
(DBN)

____________

China:

Fantasia Holdings Wins Creditor Support For New Debt Deal
(DBN)

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