November 25, 2025

The Daily Bankruptcy News

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Law:

Vinson & Elkins Announces Texas-Sized Bonuses For Associates
(DBN)

Covington Shows Up to Bonus Season — And Yes, They Brought Their Checkbook
(DBN)

Transatlantic Biglaw Behemoth Announces Bonuses For Associates And Counsel
(DBN)

BigLaw firm won't be sanctioned for hallucinated cases after paying attorney fees
(DBN)

The Next Winners in PE’s Big 401(k) Push: Million-Dollar Lawyers
(DBN)

Early Big Law Recruiting Intensifies Pressure on First-Year Law Students
(DBN)

Litigation Funders Looking to Invest in Law Firms Face Hurdles
(DBN)

Baker Donelson Given Qualified Immunity in First Amendment Suit
(DBN)

Beneath the arched windows and bountiful book shelves of the Lillian Goldman Law Library at Yale Law School, discontent among some staff has been simmering.
(DBN)

Cooley Law School returns to compliance with ABA accreditation standard
(DBN)

Quest for new ways to learn the law leads to Dungeons & Dragons courses
(DBN)

Leading law firm cuts London back-office staff as it embraces AI
(DBN)

Why In-House Counsel Must Be Fluent In Both AI And The Law
(DBN)

Law Firms’ AI Strategies Need Development and Data Analytics
(DBN)

Law Firms Ponder Lobbying DOJ, White House to Get Deals Through
(DBN)

AI Can Tell if You’re Lying, App Marketed to Lawyers Contends
(DBN)

Leading Democrat Calls Rise in ICE Detention Deaths Under Trump ‘Stunning’ Disappeared to a Foreign Prison Home Depot Hit by ‘ICE Scraper’ Protest As Dozens Line Up To Buy 17¢ ItemNearly 200,000 Ukrainians in US thrown into legal limbo by Trump immigration crackdownTrump administration cancels temporary asylum for Myanmar nationals living in USICE Using ChatGPT To Write Use-Of-Force ReportsTrump administration orders review of Biden-era refugees, memo showsIn cities targeted by ICE, empty desks and school disruptions follow
(DBN)

DOJ: We Can’t Send Abrego To Costa Rica. Costa Rica: ¡Falso!'Flatly false': Trump admin lied about Costa Rica accepting Abrego Garcia, filing says
(DBN)

Judge dismisses DOJ criminal cases against Comey, JamesJudge questions whether Bondi's DOJ can refile Comey indictment after Halligan invalidatedRead: Judge’s order dismissing DOJ case against Letitia JamesRead: Judge’s order dismissing DOJ case against James Comey‘Humiliating Defeat!’ Ex-Prosecutor Trashes Trump DOJ’s Bungling of Comey Case on CNNHow Lindsey Halligan's prosecution of two Trump foes unraveledWhy Comey, James might not be out of the woods yet
(DBN)

Lindsey Halligan Manages To Lose Two Cases At Once, Which Is Honestly Impressive
(DBN)

Kash Patel reportedly outraged at FBI SWAT team for leaving girlfriend
(DBN)

The case of a felon who paid lobbyists nearly $1 million to seek a Trump pardon
(DBN)

Meta had 17-strikes policy for sex trafficking posts, lawsuit alleges
(DBN)

Slender Man Attacker Is Found After Manhunt
(DBN)

Man set woman on fire after she refused to 'get him a beer' at 7 am: Police
(DBN)

Mom convicted in death of 14-year-old girl who only left house 2 times in 4 years
(DBN)

Teen going 100 mph in a 45 mph zone causes 12-car crash, killing pregnant girlfriend: Cops
(DBN)

Alleged 'porch pirates' used insider info: DA
(DBN)

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Judges:

Appeals panel seems likely to side with Trump in clampdown on AP access
(DBN)

Appeals court upholds ruling blocking Trump plan for expedited removals
(DBN)

Justice Dept. attacks judge after prosecutors’ stumbles in Comey case
(DBN)

Judge Concludes Prosecutors Can Circumvent Federal Grand Juries in D.C.
(DBN)

As Trump’s Inquisitors Face Scrutiny, a Divisive Figure Could Play a New Role
(DBN)

North Dakota supreme court revives state’s abortion ban
(DBN)

Trump’s Mark on Ninth Circuit Tested as Challenges Progress
(DBN)

Justice Thomas rails against 'vague rationales' in denying military widow right to sue US
(DBN)

Dissenting appeals judge in Texas redistricting case complains winners were George Soros, Gavin Newsom
(DBN)

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Wall Street:

 

Expert who predicted the dotcom crash says Americans could face a much bigger crisis soon
(DBN)

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Layoffs:

US government to shed 317,000 workers this year, Trump's HR chief says
(DBN)

Schottenstein family-founded national chain files for bankruptcy due to economy, cuts 256 Ohio jobs
(DBN)

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Furniture:

Value City Furniture owner files for bankruptcy citing housing crisis Value City Furniture owner American Signature files for bankruptcy protectionValue City Furniture files for bankruptcy as some stores begin to closeAmerican Signature files for bankruptcy amid furniture sales slump
(DBN)

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Hotels:

Sonder’s Short-Term Rentals Business Failed for Very Specific Reasons
(DBN)

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Maritime:

Shipping Giant’s 101-Year Run Ends Under $100M Debt, Risking Jobs
(DBN)

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Autos:

First Brands Faces New Call for Outside Trustee to Manage SPEs
(DBN)

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Religion:

What Americans don’t get about the first US pope
(DBN)

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Crypto:

Sam Bankman-Fried Goes on the Offensive
(DBN)

Crypto Crash Erodes Wealth for Trump's Family and Followers
(DBN)

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Insurance:

‘Friends end up blocking you’: Northwestern Mutual sold college grads a dream job. They left in ruin and debt
(DBN)

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Agribusiness:

Iowa farmers have 120 days to file indemnity claims after Nebraska grain dealer announces bankruptcy
(DBN)

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Biotech:

Bay Area biotech company declares bankruptcy, over $10 million in debts
(DBN)

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Consumer Protection:

Union Urges Judge To Order Trump Officials To Fund CFPB
(DBN)

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Tech:

Why Fears of a Trillion-Dollar AI Bubble Are Growing
(DBN)

Tech companies tap debt markets to fund AI and cloud expansion
(DBN)

AI Christian ‘singer’ Solomon Ray tops the charts, stirs ethical debate
(DBN)

Amazon Data Center Tally Tops 900 Amid AI Frenzy, Documents Show
(DBN)

Amazon pledges up to $50 billion to expand AI, supercomputing for US government
(DBN)

Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate
(DBN)

The Fed Is Fixated on AI — But Not Ready to Make a Greenspan-Size Bet
(DBN)

AI Startup Raises $75 Million to Take Junior Bankers’ Grunt Work
(DBN)

America’s Polarization Has Become the World's Side Hustle
(DBN)

Elon Musk’s Worthless, Poisoned Hall of Mirrors
(DBN)

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Economy:

Fed's Waller: December cut appropriate, but January action more uncertain
(DBN)

Q3 GDP Tracking: Close to 4%
(DBN)

Feds to Release Delayed Economic Growth Estimate Right Before Christmas
(DBN)

Job gains slowing, unemployment likely to rise to 4.5% next year: NABE
(DBN)

How tech broke the job market
(DBN)

The ‘S&P 493’ reveals a very different U.S. economy
(DBN)

More Americans getting power shut off, as unpaid bills pile up
(DBN)

US business borrowing for equipment rises over 5% in October, ELFA says
(DBN)

In these U.S. groups, deaths now exceed births. What’s happening?
(DBN)

Senate Republican: ‘We can’t afford’ $2,000 tariff checks
(DBN)

Trump approval on economy down 15 points since March: Poll
(DBN)

Trump touts cheap groceries ahead of Thanksgiving. The reality is a mixed plate
(DBN)

Farmworker union calls new minimum wage for foreigners a ripoff for US workers
(DBN)

Trump White House prepares tariff fallback ahead of court ruling Trump Claims Tariff Income Will ‘Skyrocket’ Soon As Pre-Tariff Stockpiles Are Running ‘Thin’ EU Says No Tariff Deal Expected During US Officials’ First VisitUS demands 'balanced' EU digital rules before it cuts steel tariffs
(DBN)

Cities made a bet on millennials — but forgot one key thing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Housing Market Faces ‘Big Demographic Shift’
(DBN)

Witness exposes unusual tactics used to prop up mortgage fraud cases
(DBN)

'You can’t just talk about gas and groceries’: GOP grapples with housing affordability message
(DBN)

Housing November 24th Weekly Update: Inventory Only Down 4.7% Compared to Same Week in 2019
(DBN)

Realtor.com Reports Median Listing Price Down Year-over-year
(DBN)

Florida Makes Progress on Plans to Cut or Scrap Property Taxes
(DBN)

Too many cooks, not enough cash: Lack of a master plan muddies Los Angeles fire rebuild
(DBN)

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Municipalities:

Detroit retirees who lost money in city bankruptcy to get extra cash
(DBN)

Oakland might not owe coal company hundreds of millions after new court ruling
(DBN)

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Oil/Gas:

Supreme Court Declines Appeal of Apollo’s Mesquite Energy Win
(DBN)

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Politics:

DOGE is Dead: What Did It Actually Save?
(DBN)

Trump Fact Check: “I have just gotten the highest poll numbers of my ‘political career.’”
(DBN)

Donald Trump’s Approval Rating is Eroding Among Parents
(DBN)

Republican lawmakers grow alarmed over signs of 2026 election wipeout
(DBN)

Vance questions legality of Congress members’ plea to militaryJD Vance Responds to ‘Illegal Orders’ Argument From Democrats
(DBN)

Trump Says Legislators Committed Treason by Noting That Soldiers Are Not Obligated To Obey Unlawful Orders
(DBN)

Trump Has It Wrong: Soldiers Must Disobey Unlawful Orders
(DBN)

It’s Not A Big Deal; Everyone Does It
(DBN)

Pentagon launches review of ‘serious allegations of misconduct’ against Mark KellyPentagon threatens to prosecute Senator Mark Kelly by recalling him to Navy servicePentagon says it’s investigating Sen. Mark Kelly over video urging troops to defy ‘illegal orders’Gallego drops multiple f-bombs in response to Pentagon’s Mark Kelly probeKelly to Hegseth: Pentagon investigation over ‘illegal orders’ video won’t ‘intimidate me’
(DBN)

Trump’s accusations of treason draw bipartisan rebukeRepublicans dumbfounded by Trump’s calls for harsh retribution against Democratic lawmakers
(DBN)

Democrats look to cap off winning streak with Tennessee special election
(DBN)

Marjorie Taylor Greene’s Next Move? What Polls Tell UsMarjorie Taylor Greene’s resignation shocked some in Georgia who say she could’ve won without TrumpMarjorie Taylor Greene’s exit from Congress could spell trouble for Speaker Johnson
(DBN)

Furious House Republican Warns More ‘Explosive’ Resignations Are Coming After Marjorie Taylor Greene
(DBN)

Why Mike Johnson is losing control of the House
(DBN)

As Epstein questions linger, Trump falls back into familiar habit: lashing out at female reportersEpstein survivors fighting for document release find themselves caught in party warFormer DOJ official whose remarks about Epstein files were recorded sues over firingWhat Harvard Is Whispering About Larry SummersJudges asked by DOJ to release Epstein, Maxwell grand jury materialsVictim Details How Epstein Was Creating a Harem, Says Prince Andrew's Accuser Was Actually a 'Recruiter Of Minors'
(DBN)

The rising star tipped to end Hegseth’s chaotic reign at the Pentagon
(DBN)

Trump Says TV Networks Shouldn’t Be Able to ‘Enlarge’
(DBN)

West Virginia lawmaker agrees to pay more than $5 million in unpaid taxes
(DBN)

Secret CIA cable details congressman's 'crude' toast that triggered a high-stakes diplomatic firestorm
(DBN)

From Washington to Hollywood, American culture is now defined by score settling
(DBN)

The 'ShamWow guy' is running for Congress in Texas
(DBN)

Mamdani Went From One-Hit Wonder to Legit Power Player — By Playing Trump Like a Fiddle
(DBN)

What happened at Fox after '20 election? Docs reveal new details
(DBN)

The Hard-Left Shooters Leading a Gun Culture Revolution
(DBN)

US Naval Academy fires commandant less than 6 months into role
(DBN)

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Celebs:

Dr. Phil was America’s best-known celebrity therapist. How did his media network crash?
(DBN)

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Theme Parks:

Here’s Where the Miami Seaquarium Animals Could Be HeadedMiami Seaquarium animals find potential new homes amid bankruptcy
(DBN)

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Retailing:

Record US Black Friday crowds to find fewer bargains amid high prices
(DBN)

The Unremarkable Middle: How a Polarized Retail Landscape is Squeezing America's Middle-Tier Brands and Forcing a Reckoning
(DBN)

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Climate:

U.S. companies hold the line at climate talks despite Trump
(DBN)

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Banking:

US banks report 13.5% jump in profits: FDIC
(DBN)

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Trucking:

More than 100 years old, trucking/logistics firm P. Judge files for bankruptcy
(DBN)

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Golf:

Golf Services Business Founded by Jack Nicklaus Files Bankruptcy After $50 Million Defamation Verdict in His Favor
(DBN)


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Utilities:

Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Increase 10.6 PercentPersonal and business bankruptcy filings increased 10.6 percent in the twelve-month period ending Sept. 30, 2025US bankruptcy cases steadily increase
(DBN)

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Cross-Border:

Fossil Group’s Cross-Border Restructuring: A Strategic Alternative to Chapter 11 Bankruptcy
(DBN)

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Avoidance Actions:

Suppliers Beware: Delaware Bankruptcy Court Rejects Ordinary Course Defense for Preference Payment Within Standard Credit Terms
(DBN)

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Aviation:

6 airlines cancel flights in Venezuela after FAA warns of dangers from "heightened military activity"
(DBN)

FAA to investigate airlines that did not comply with shutdown flight cuts
(DBN)

US lawmakers probe FAA grant delays over aircraft mechanic shortage before Thanksgiving
(DBN)

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Healthcare:

Reid Collins Files $3.4 Billion Suit Over “Systematic Value Extraction” that Led to Collapse of Steward Health Care
(DBN)

Steward Health Creditors Seek to Claw Back Over $1 Billion in Cerberus Dividends
(DBN)

Bessent Says Health-Care Announcement Coming This WeekTrump expected to propose Obamacare subsidy extension, report saysHealth insurers rise on report Trump considering ACA subsidy extension
(DBN)

Americans waiting for Obamacare subsidies delay or drop health insurance
(DBN)

Trump’s emerging health care plan could put GOP leaders in a bindTrump faces GOP blowback on health plan
(DBN)

Doctors misdiagnosed genetic disorder as child abuse, took away couple's 2 kids: Lawsuit
(DBN)

Americans Are Microdosing Obesity Drugs, Driven by 'Thin Is In' Marketing Blitz
(DBN)

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Food/Beverage:

Fat Brands risks bankruptcy as lenders demand payment on $1.3B debtFAT Brands warns of potential bankruptcy after $1.26 billion debt acceleration
(DBN)

Campbell’s Soup VP Mocks ‘Poor People’ Who Buy Its Food in Secret Recording
(DBN)

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Skiing:

Whitecap joins Mountain Creek, Yellowstone, Tamarack and Peek’n Peak Resorts as Bankruptcy Crisis Threatens to Destroy the US Ski Resort Industry!Whitecap Mountains Resort Files For Chapter 11 Bankruptcy Following "Tumultuous" Years
(DBN)

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Sovereigns:

Traders Hunt for Next Argentina as Trump’s Sway Shapes Bets
(DBN)

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UK:

UK insolvencies surge as higher business costs deepen strain
(DBN)

Which Reform Council will go bankrupt first?
(DBN)

Struggling businesses hoping for Budget boost says R3 in the North West as it responds to latest insolvency statistics
(DBN)

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Canada:

Canacol Energy Seeks Chapter 15 Bankruptcy Protection
(DBN)

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Brazil:

Bolsonaro Tries to Explain Ankle Monitor Breach: ‘Hallucinations’
(DBN)

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Ireland:

Fraudster and former Celtic Tiger property developer Conor Clarkson declared bankrupt with debts over €56m
(DBN)

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Venezuela:

Venezuela’s Maduro Does Peace Dance as Trump Weighs Military OptionsVenezuela accuses US of using ‘narco-terrorism’ allegations to justify ‘regime change’'Sleepless' Maduro fears death by assassin or US strike
(DBN)

US labels another Venezuelan group as terrorist organization, ramping up pressure
(DBN)

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Russia:

Russia's largest lender sees economy cooling for another year
(DBN)

Ukraine and Allies Warn US Against Rush to End Russia’s War
(DBN)

Zelensky after Trump ‘zero gratitude’ post: ‘I am grateful’ for help ending war
(DBN)

What to know about the growing pressures facing Zelenskyy during a crucial week of diplomacy
(DBN)

US holds secret meetings with Russians in Abu Dhabi on Ukraine
(DBN)

Ukraine makes significant changes to US ‘peace plan’, sources sayUS, Kyiv work on 'refined' peace plan to end war in UkraineUkraine touts Trump meeting to finalize peace deal this weekTrump’s ‘hot mess’: 5 takeaways on the Ukraine Thanksgiving peace deal
(DBN)

Kremlin rejects revised European peace plan to end war in Ukraine
(DBN)

US senators say Trump has failed to prevent Russian LNG from helping fund war in Ukraine
(DBN)

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Sri Lanka:

Corporate Restructuring In Sri Lanka.
(DBN)

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MENA:

Thousands mourn Hezbollah commander killed in Israeli airstrike
(DBN)

New lawsuit accuses Binance of ‘knowingly’ enabling Oct. 7 terror attacks
(DBN)

ISIS Prisons and Camps Are Festering in a Fragile Syria as Aid Peters Out
(DBN)

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India:

Insolvency delays rise, 603 days taken for resolution in Q2
(DBN)

Reverse CIRP: A Homebuyer-Centric Shift in Real Estate Insolvency
(DBN)

Insolvency Cannot Be Initiated Against Guarantor Under Section 7 Without Invoking Guarantee First: NCLT Kochi
(DBN)

IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2025 Makes Accuracy and Punctuality Non-Negotiable for Resolution Professionals
(DBN)


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Germany:

English Part 26A Restructuring Plans no longer recognized in Germany in respect of German law governed debt held by German creditors
(DBN)

‘Almost every German city is now on the verge of bankruptcy’
(DBN)

Furniture company Lambert faces insolvency with all German branches affected
(DBN)

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China:

Japan Reaffirms Plan to Deploy Missiles to Area Near Taiwan
(DBN)

China's Xi tells Trump Taiwan's 'return' key to post-war order
(DBN)

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Australia:

Australian Senate erupts in anger after far-right lawmaker arrives wearing burqa
(DBN)

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Poland:

‘Poland is for Poles, not Jews’: Polish MP's speech outside Auschwitz stirs outrage
(DBN)

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Malaysia:

Federal Court in London Biscuits: What Insolvency Practitioners Must Know About Liquidators’ Powers and Priority Payments
(DBN)

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