September 30, 2025

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click here
Search prior case summaries: Click here

Format For Mobile Device



Law:

Wall Street’s Oldest Biglaw Firm Appoints Co-Managing Partner Amid Mass Exits And Merger RumorsCadwalader’s 33 Exits Force Tough Choices on Storied NY Firm
(DBN)

Summer Associates Are Really Living The Good Life
(DBN)

AI Will Scramble GCs’ Calculus for Hiring Outside Counsel
(DBN)

AI in Law: Efficiency with Responsibility
(DBN)

Human-Centered Leadership Is the Differentiator in the AI Age
(DBN)

Federal Judge Orders Trial in DLA Piper Pregnancy Discrimination Case
(DBN)

ABA law school accreditation should end, Texas justices say
(DBN)

Report on The Florida Bar’s future relationship with the ABA due Sept. 30
(DBN)

The ABA Must Convince Most Lawyers to Join to Regain Influence
(DBN)

Oracle’s Top Lawyer Levey Nets Pay Bump Amid Big AI, Data Deals
(DBN)

University of Pennsylvania Professor Appeals Dismissal of Racial Discrimination Lawsuit, Highlighting Academic Freedom Concerns
(DBN)

Legal Profession Confronts Workplace Bullying with National “Stand Up to Bullying Challenge” Initiative
(DBN)

Juror’s TikTok post during Donna Adelson trial didn’t constitute misconduct, judge rules
(DBN)

Legal Leaders Unite to Support American Bar Association’s Lawsuit Against Executive Overreach
(DBN)

‘I’m From Here!’: U.S. Citizens Are Ending Up in Trump’s Dragnet 10 ICE agents try and fail to catch delivery cyclist as he makes speedy getawayKarma hits ICE agent who yelled Adios to woman before slamming her to the groundFederal drug prosecutions fall to lowest level in decades as Trump shifts focus to deportationsDOJ sues Minnesota, Minneapolis, St. Paul over "sanctuary city" policiesHow Tom Homan wound up ensnared in an FBI contracts-for-cash stingJB Pritzker Accuses ICE of ‘Harassing People for Not Being White’ Amid Chicago Immigration CrackdownTrump’s Deportations Are Driving a Remittance Boom in Latin AmericaUS to deport hundreds of Iranians after deal with Tehran, Iranian official saysThe next big debate Democrats can’t dodge
(DBN)

James Comey Taps Small Law To Defend Him Against Witch Hunt
(DBN)

Yet another Trump acting US attorney may be on brink of disqualification in criminal cases
(DBN)

Nevada's acting US Attorney urged voter fraud probe to help Republicans, document shows
(DBN)

DOJ sues over pro-Palestinian protest, using law on abortion clinic access
(DBN)

‘Not The America Envisioned By Our Constitution’: Trump’s Weaponization Of The Justice Department Will Bend The Rule Of Law Until It Breaks
(DBN)

ABA invokes rule of law in statement against DOJ political interference
(DBN)

YouTube to Pay $24.5M to Settle Lawsuit Brought by Trump
(DBN)

US prosecutors seek more than 11-year sentence for Sean 'Diddy' Combs
(DBN)

Mormon church gunman was marine ‘who supported Trump’Family of Michigan gunman says they have 'no answers' for church attackCity council candidate recalls conversation with Michigan church shooterDeadly attack on Michigan church leaves investigators searching for motive
(DBN)

Fox Host Calls Out Team Trump ‘Hypocrisy’ Over MAGA Gunman
(DBN)

5 Mass Shootings in 24 Hrs
(DBN)

Two mass shootings by Marines in 1 day
(DBN)

Gun rampage in Casino with one dead and 'bullet holes in the slot machines'
(DBN)

Inside the cartel networks recruiting young Americans on social media
(DBN)

Woman lured men 'looking for a good time,' gave them fentanyl-laced coke, robbed them: DA
(DBN)

Elementary school teacher admits to illicit sexual contact with 11-year-old boy
(DBN)

Grade school student's note to bus driver saved mom from kidnapping and assault: Police
(DBN)

Mom tried to drown her 3 children in pond outside their home: Police
(DBN)

Dad uses 'cord' to whip daughter, punches her in chest for not going to church: Cops
(DBN)

11-year-old stabbed after throwing herself on top of mom as dad attacked, DA says
(DBN)

DoorDash driver kills golf tourist after being 'flipped' off by him and 'drunk' pals: Cops
(DBN)

______________

Judges:

Judges-SCOTUS Strife Has Serious Side Effect: A Weaker Judiciary
(DBN)

SCOTUS Blessed ‘Kavanaugh Stops.’ Will They Also Give Thumbs Up To ‘Roberts Residencies?’
(DBN)

The Roberts Court Turns Twenty
(DBN)

Federal Courts Brace for Potential Operational Disruption Amid Government Shutdown Impasse
(DBN)

Idaho’s Legal Battle Against Transgender Athlete Ban Review Reaches Supreme Court
(DBN)

The Supreme Court is considering Ghislaine Maxwell’s petition. Here’s what to know.
(DBN)

Catholics hold a Supreme Court majority. How does faith affect decisions?
(DBN)

Trump can slash Education Department's civil rights staff, court rules
(DBN)

How birthright citizenship made it back to the Supreme Court
(DBN)

The Stare Decisis-Free Docket
(DBN)

Clarence Thomas Tells Us How He Really Feels About ‘Totally Stupid’ Precedent
(DBN)

‘Hypercharged’ Is the Only Word for This Supreme Court
(DBN)

US court suspends Trump layoff of hundreds at Voice of AmericaJudge Slams Kari Lake and Blocks Firings in Scathing Ruling
(DBN)

______________

Wall Street:

Stock futures fall as U.S. government shutdown looms, but Wall Street heads for monthly gains
(DBN)

S&P 500, Nasdaq climb as investors brush off shutdown woes, hawkish talk
(DBN)

US SEC chair fast-tracks Trump push to end quarterly earnings reports
(DBN)

______________

Layoffs:

US government shutdown to furlough 41% of health agency workers
(DBN)

Lufthansa layoffs: 4,000 jobs
(DBN)

Exxon to cut 2,000 jobs in restructuring
(DBN)

US government faces brain drain as 154,000 federal workers exit this week
(DBN)

Global oil and gas company layoffs in 2024 and 2025
(DBN)

______________

Cannabis:

Cannabis stocks soar after Trump shares video promoting drug’s use for seniors
(DBN)

____________

Edtech:

Anthology Initiates Strategic Transformation to Position Edtech Solutions for Long-Term GrowthVeritas-Backed Software Firm Anthology Files for Bankruptcy
(DBN)

____________

Tourism:

‘They just don’t come’: What’s making L.A.’s tourism tumble
(DBN)

____________

Coal:

Trump administration to expand coal leasing, fund coal plant upgrades
(DBN)

____________

Food/Beverage:

Mexican restaurant bankruptcy trend should alarm consumers
(DBN)

Chapter 11 filing sparks fears Mexican chain will close 16 restaurants across seven states
(DBN)

Beyond Meat stock sinks to all-time low after it launches convertible debt exchange offer
(DBN)

Another popular whiskey brand files Chapter 11 bankruptcy
(DBN)

A Barbecue Dynasty’s Feud Is Rocking a Texas Town
(DBN)

____________

Firearms:

Trump administration scraps Biden gun export restrictions
(DBN)

____________

Private Credit:

Insurers Embracing Private Credit Like It's The 1920s, Blackstone's Sherrill Says
(DBN)

____________

Agribusiness:

'She's worried': Leaked photo shows panicked text from freaked-out Trump Cabinet official
(DBN)

____________


Economy:

Fed's Musalem: Open to further cuts but must be cautious
(DBN)

Fed's Williams says cutting rates aimed at bolstering job market
(DBN)

Fed’s Jefferson Sees Risks to Both Inflation, Employment GoalsFed Vice Chair Jefferson says US job market weakening, could face stress
(DBN)

Consumer sentiment is back to near-record lows. But Americans are still spending.
(DBN)

Trump Announces 100% Tariff on All Movies Made Outside the United States, Presumably Including Mel Gibson’s New Christ SagaWhy movie production has moved out of the U.S. — and what a tariff could mean for Hollywood Trump sets 10% tariff on lumber imports, 25% on cabinets and furnitureTrump’s new tariffs will slam America’s already brutal housing crisis Trump to Keep Tariff Probes Running Through Government ShutdownColombian Ministers Renounce Visas as Relations With Trump Sour
(DBN)

US senators reintroduce bill to reform H-1B, L-1 visa rules as Trump fee fuels scrutinyUS Chamber of Commerce says $100K H-1B fee will ‘impede’ economic growthTrump visa curbs push U.S. firms to consider shifting more work to India
(DBN)

As AI threatens white-collar work, more youth choose blue-collar careers
(DBN)

Millions Of Workers Left Out Of 'Low-Hire, Low-Fire' Job Market
(DBN)

Small Businesses Wither Under Trump’s Tariffs: ‘It’s Hard to Breathe’
(DBN)

Vance says US ‘headed to a shutdown’ after meeting with Democrats US Government Shutdown Looms With Trump, Democrats at OddsTrump Budget Chief Tells Steve Bannon Government Shutdown Is ‘Necessary’Democrats’ shutdown strategy hinges on a risky bet Caution sets in as prospect of US shutdown looms US Senate Democrats weighing short stopgap funding bill as alternative to government shutdown US September employment report will not be published if government shuts downWhat are Democrats' and Republicans' positions in US government shutdown fight?Stocks rise, dollar dips, gold surges as possible US government shutdown loomsShutdown Could Impact Fed Rate Cuts, Extension Of Obamacare SubsidiesA major Democratic demand in the shutdown fight could help the GOP in the midtermsDollar dented as investors grow twitchy over threat of US shutdown
(DBN)

Electronic Arts to go private for $55 billion in largest LBO everHow Jared Kushner brokered the $55bn takeover of Electronic ArtsElectronic Arts Buyout Is a Whole New Game Electronic Arts buyout shows how the private equity game has changed
(DBN)

For Gen X, Retirement Bites
(DBN)

Gen Z Expects A Big Inheritance--But Their Boomer Parents Have Other Ideas
(DBN)

Mississippi Ranks Worst For Young Adult Credit Card Delinquency
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

NAR: Pending Home Sales Increase 4.0% in August; Up 3.8% YoY
(DBN)

Fannie and Freddie: Multi-Family Delinquency Rate Highest Since Housing Bust (ex-pandemic)
(DBN)

Housing September 29th Weekly Update: Inventory Unchanged Week-over-week
(DBN)

How a Real Estate Story Became One About Betrayal of a Community
(DBN)

Miami Suburb’s Once-Vibrant Housing Scene Is Hit by Exodus of Migrants
(DBN)

Final Look at Housing Markets in August and a Look Ahead to September Sales
(DBN)

Canton approves incentives for Hall of Fame Village to prevent bankruptcy, recover loans
(DBN)

The end of rent debt?
(DBN)

____________

Municipalities:

Ohio auditor seeks to move East Cleveland finances under state control
(DBN)

____________

Oil/Gas:

Oil and Gas Companies Need to Brace for a Tough 2026
(DBN)

Newsom Courts Big Oil as Gas Prices Threaten Political Ambitions
(DBN)

____________

Politics:

The Man Behind Trump’s Push for an All-Powerful Presidency
(DBN)

The Danger of Trump’s Crackdown on Blue Cities
(DBN)

Billions in Taxpayer Dollars Have Become Virtually Untraceable
(DBN)

Stephen Miller takes leading role in strikes on alleged Venezuelan drug boats
(DBN)

Pritzker Says Trump Is Deploying 100 Guard Troops to Illinois
(DBN)

Greene, Straying From Trump, Reflects an Emerging MAGA Split
(DBN)

Is Trump keeping all his promises? This MAGA couple doesn’t think so.
(DBN)

A Green Beret’s Confession Outraged the Military. Then He Found an Ally in Trump.
(DBN)

The Blue State That’s Now a Bellwether
(DBN)

Pete Hegseth is 'crawling out his skin': Pentagon insiders tell of explosive tantrums and erratic behavior... as his wife is accused of making outrageous demandsTop Military Brass Clash With Hegseth in New Pentagon Battle
(DBN)

Trump to preside over unusual military gathering in Virginia
(DBN)

Trump posts racist, AI-generated video of Chuck Schumer and Hakeem Jeffries
(DBN)

Three scenarios. Three different winners. How Mass could have the most interesting Democratic contest in nation next year.
(DBN)

60 Minutes Quietly Stopped Posting on X Days After Elon Musk Tweeted Their Reporters Should Get a ‘Long Prison Sentence’
(DBN)

MAGA Rages as 'Trump Hater' Bad Bunny Picked for Super Bowl Half-Time Show
(DBN)

Trump bashes Zohran Mamdani after Eric Adams drops out of New York mayor’s raceMamdani on Trump calling him a communist: ‘I am a democratic socialist’
(DBN)

____________

Autos:

US auto bankruptcies show rising credit pain in low-income households
(DBN)

The Giant Car Parts Company That Owns Fram And Raybestos Just Filed For BankruptcyWhat we know about the Michigan company behind one of the biggest bankruptcies of the yearFirst Brands bankruptcy: the losers — and winnersFirst Brands files for bankruptcy, revealing billions of dollars in liabilities
(DBN)

Rising Auto Loan Delinquencies and High Monthly Payments
(DBN)

JLR Receives £1.5 Billion Government Loan to Prevent BankruptcyA Jaguar Cyber Attack Flashes Code Red for Manufacturers
(DBN)

Trump touts a boom in US auto plant construction, but carmakers' actions tell a different story
(DBN)

Two US senators urge probe of Tesla's Full Self-Driving response to rail crossings
(DBN)

Why the Hertz-Amazon deal poses threats to auto dealers
(DBN)

____________

Private Credit:

Systemic shock could expose private credit’s broad reach, growing risk: Fitch Ratings
(DBN)

____________

Hedge Funds:

Bankrupt Financier George Allen Weiss Is Trying to Sell a $36.5 M. Monet to Pay Down His $100 M. Debt
(DBN)

____________

Sports:

American fans' abuse dismays Europe despite Ryder Cup victory
(DBN)

The Mets paid over $340M to contend for the World Series. They didn't even make playoffs.
(DBN)

____________

Recycling:

Recycle company’s bankruptcy leaves tons of discarded artificial turf across the state
(DBN)

____________

Solar:

Solar Servicing to acquire insolvent Mosaic
(DBN)

____________

Celebs:

Lawyer Wants Damon Dash Assets Despite Bankruptcy, Cites Interviews & Instagram Comments
(DBN)

____________

Personal Finance:

Do credit card block the path to prosperity as Mark Cuban argued?
(DBN)

____________

Crypto:

The Big Day Has Arrived: Collapsed Exchange FTX to Distribute $1.6 Billion to Creditors! Here Are the DetailsFTX Confirms $1.6B Creditor Payout: Large Claims Recover 83.9%, Small Claims Surpass 120%
(DBN)

____________

 


New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Trends in Large Corporate Bankruptcy and Financial Distress
(DBN)

______________

Mass Torts:

Does Tylenol Give Mass Tort Defense Lawyers A Headache?
(DBN)

Vermont Catholic bankruptcy case spawns $1.5M and counting in legal bills
(DBN)

____________

Aviation:

Swedish carrier Braathens’ Airbus arm files for bankruptcy but ATR operation continuesBraathens Files for Bankruptcy for Its Airbus Division, Ceasing All Jet Operations
(DBN)

Play Airlines Goes Bankrupt, Stranding Thousands Of Passengers What Happened To The Play Airlines Fleet? Here's What Flights Are Affected And What You Could Do If You Booked With ThemPlay’s Bankruptcy Adds Pressure to Winter Tourism in IcelandPLAY Airlines Bankrupt After 5 Turbulent Years in the Skies
(DBN)

Delta’s Bastian Sees Most US Airlines Losing Money in 2025
(DBN)

Lufthansa shares drop as brokers question goals
(DBN)

American Airlines Flight Aborts Takeoff in Scary Near Miss on Runway
(DBN)

US will not enforce Biden wheelchair passenger protection rule
(DBN)

Small airplane makes emergency landing on Southern California freeway during rush-hour
(DBN)

____________

Healthcare:

Crozer-Chester Medical Center and Springfield Hospital real estate set for bankruptcy auction
(DBN)

UConn Health bids to buy three hospitals for patients and taxpayers
(DBN)

Healthcare advocates rally as impending shutdown puts Affordable Care Act subsidies at risk
(DBN)

When a cosmetic surgery chain came to town, so did some problem-prone doctors, court records allege
(DBN)

Medical Debt Will No Longer Play A Role In Calculating Mainers’ Credit Scores
(DBN)

FactCheck: "Republicans have effectively ended medical research in the United States of America."
(DBN)

Abortions provided by clinicians in the US dropped in the first half of 2025, report shows
(DBN)

____________

Education:

Bacone College furniture, vehicles, equipment, sporting goods up for auction
(DBN)

Trump seeks to make Harvard ineligible for federal funds
(DBN)

States to end nutrition education programs after Trump cuts
(DBN)

____________

Fraud:

Entrepreneur Charlie Javice sentenced to over seven years for defrauding JPMorgan
(DBN)

Alleged $112M Miami Ponzi Exploited RadioShack, Pier 1 Bankruptcies of Boston, Bay Area Brands
(DBN)

____________

Banking:

Senate Report on SVB Fails to Recognize Accounting Illiteracy
(DBN)

____________

Hedge Funds:

SEC Sues Brian Kahn Over $350 Million Collapse Of Hedge Fund
(DBN)

____________

Tech:

Wolfspeed Successfully Completes Financial RestructuringWolfspeed Exits Chapter 11 Bankruptcy, Slashes Debt and Interest CostsWolfspeed Stock Soars 1,100% On Chapter 11 Bankruptcy UpdateAfter The Chaos, Wolfspeed Stock Looks Normal Again
(DBN)

Musk's X 'deeply concerned' by Indian court order over content takedown, plans appeal
(DBN)

Hollywood hits back as AI actress is hailed as ‘the next Scarlett Johansson’
(DBN)

The Warning Signs Are Clear: We’re Heading Toward A Digital Crisis
(DBN)

U.S. Commerce head Lutnick wants Taiwan to help America make 50% of its chips locally
(DBN)

Hackers halt production at Japan’s biggest brewer
(DBN)

____________

Sovereigns:

Ethiopia begins formal talks on $1bn Eurobond, nearly two years after default
(DBN)

____________

UK:

'Rich Kid of Instagram' bankrupt at HMP Altcourse after fleecing clients of thousands
(DBN)

Vehicle rental and contract hire company collapse leaves £28m debts
(DBN)

____________

Russia:

The Slow Demise of Russian Oil Production
(DBN)

Putin orders largest conscription call in 9 years
(DBN)

Russia's New Weapon? The Migrant Surge on the EU Border
(DBN)

Russia’s ‘Call to Putin’ torture method widespread across Ukraine
(DBN)

NATO ramps up air defenses as more drones buzz military bases and airports in wave of ‘hybrid attacks’ across Europe
(DBN)

Ukraine's Zaporizhzhia nuclear plant now without offsite power for six days, Grossi says
(DBN)

____________

China:

China’s factory activity suffers longest decline in six years
(DBN)

China manufacturing activity picks up in September — official PMI still shows contraction
(DBN)

Pentagon Pushes to Double Missile Production for Potential China Conflict
(DBN)

Inside China's nuclear-ready 'military city' that's 10 times bigger than the Pentagon
(DBN)

Former aide to German far-right lawmaker in the European Parliament is convicted of spying for China
(DBN)

Scam kingpins who ran billion-dollar criminal empire sentenced to death in China
(DBN)

____________

MENA:

Trump and Netanyahu say they've agreed on a plan to end Gaza war and await Hamas to accept the termsTrump's Gaza peace plan wins global support as world awaits Hamas response
(DBN)

Trump’s Pro-Israel Gaza Plan Seen as Unlikely to Sway HamasTrump says a Gaza ceasefire is closer than ever. The reality is more complicatedA reality check on Trump’s Gaza peace plan
(DBN)

Full text of Donald Trump’s proposal to end the war in Gaza
(DBN)

At White House, Netanyahu apologizes to Qatar over Doha strike
(DBN)

EU confirms it has reinstated sanctions against Iran
(DBN)

Kabul's wells run dry, driving children out of class and into water queues
(DBN)

Israeli opposition leaders back Trump's proposal to end Gaza war
(DBN)

Taliban cuts internet across Afghanistan
(DBN)

____________

North Korea:

North Korea tells UN: We will never give up nuclear program
(DBN)

____________

Venezuela:

Fear and Hope in Venezuela as U.S. Warships Lurk
(DBN)

____________

India:

New system to red-flag insolvency on the cards
(DBN)

____________

Australia:

ATO takes control of bankruptcy bid as administrators move on Adgemis’ pub empire
(DBN)

____________

Malaysia:

Insolvency Department monitoring 129 temples
(DBN)

____________

Germany:

Troubled energy firm Uniper to repay €2.6bn to German government
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $75.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at (346) 899-8296. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2025