July 3, 2025

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Friday, July 4, 2025



Law:

Willkie Litigator Joins Dunn Isaacson Rhee Spin-Off Boutique
(DBN)

The Law Schools Where Starting Salaries For Graduates Exceed Their Student Debt (2025)
(DBN)

Major Biglaw Firm Ups Their In-Office Requirement For Attorneys BigLaw firm decides 3 days per week in office isn’t enough; is it becoming trend?
(DBN)

Court disbars ex-prosecutor convicted for secret recordings, says he created impression ‘justice is for sale’
(DBN)

Conservative legal group files federal complaint over L.A. Dodgers’ DEI policies
(DBN)

Worries about impact of AI switch from fear of job losses to concerns about professional development, report says
(DBN)

Federal judge calls out immigration lawyer for citing 'seemingly non-existent' case in court battle against Trump administration
(DBN)

“Arrest Now, Ask Questions Later”: Why Did L.A. ICE Agents Arrest and Jail U.S. Citizen Andrea Velez? Visualizing the Plunge in Border Crossings Under Trump US Immigration Budget Now Bigger Than Israel's Military Spending Woman Detained on Honeymoon Released From ICE Custody Texas newlywed released after nearly 5 months in ICE detention Trump's 'Alligator Alcatraz' compared to Auschwitz camps in terrifyingly similar pictures Fact-checking Trump at Florida’s Alligator Alcatraz about immigration Florida says "Alligator Alcatraz" is temporary. Trump isn't so sure Alaska Suggests 'Bear Alcatraz' For Migrants to be Detained Key West City Commissioners vote to end police agreement with ICE Trump admin using private medical data for 'mass deportations,' 'surveillance,' states say Lawsuit says Trump's immigration crackdown has put LA 'under siege' in defiance of federal law Federal judge tosses case from family of Boulder suspect seeking to block their deportation ICE Agents Urinate on School Playground During Raid, Video Appears to Show Kilmar Abrego Garcia describes ‘severe beatings’ and ‘psychological torture’ in Salvadoran prison
(DBN)

U.S. citizen seeks $1 million after arrest, detention for recording immigration raid
(DBN)

What to know about the DOJ revoking citizenship of naturalized Americans
(DBN)

Pentagon releases 150 California National Guard troops from federal duties
(DBN)

DOJ Overruled Prosecutors to Get Deal for Trump-Linked Governor
(DBN)

Trump DHS Secretary Says CNN Journalists ‘Could Be’ Prosecuted for Reporting: Attorney General ‘Is Looking Into It’
(DBN)

Justice Dept. Explores Using Criminal Charges Against Election Officials
(DBN)

Trump’s DOJ Adds Pardoned Jan. 6 Rioter to Its Retribution Team
(DBN)

Cops condemn pardoned Jan. 6 rioters' push for 'inclusive' Capitol memorial plaque
(DBN)

Military veteran gets a life sentence for plotting an FBI attack after his Jan. 6 arrest
(DBN)

Widow of D.C. officer who died by suicide after Jan. 6 says $500,000 verdict was "a relief that all the fighting was worth it"
(DBN)

Trump Lawyer Habba Faces Home State Opposition for US Attorney
(DBN)

CIA review of 2016 Russia election probe finds no major flaws
(DBN)

FBI supervisor hired prostitutes while on assignment, watchdog says
(DBN)

FBI, DHS warn of lone wolf attacks on July 4 in NYC and San Francisco
(DBN)

Court orders reinstatement of convictions of ex-Fox executive, marketing firm in FIFA bribery case
(DBN)

Paramount agrees to pay $16 million to settle Trump’s lawsuit over ’60 Minutes’ Kamala Harris interview Elizabeth Warren Rallies for ‘Full Investigation’ Into Trump-‘60 Minutes’ Settlement, Says Paramount Has Refused to Answer Inquiries For ‘60 Minutes,’ a Humbling Moment at an Uneasy Time for Press Freedom Dan Rather on ‘60 Minutes’ Settlement: ‘A Sellout to Extortion by the President’
(DBN)

Sean ‘Diddy’ Combs verdict: Mogul acquitted on sex trafficking charges, convicted on prostitution counts in bombshell NYC trial Diddy Did…Some Of It Diddy Acquitted of Sex Trafficking: 'Mr. Combs Has Been Given His Life by the Jury' How prosecutors' case against Sean Combs fell apart Legal Experts, Advocates React to Diddy Sex Trafficking Trial Verdict How the Prosecution Blew Its Case Against Diddy Cassie Ventura's Lawyer Reacts to Diddy Verdict 50 Cent, Aubrey O'Day and more react to the verdict in the Sean 'Diddy' Combs sex trafficking trial Diddy tells family ‘he’ll be home soon’ as he’s cleared of racketeering but can still get 20yrs in jail for prostitution Diddy likely to be sentenced to months, not years over prostitution conviction: expert Diddy denied bail despite being cleared of most serious charges and now faces nervous wait for prostitution sentencing Inside the courtroom, tension and anxiety before Diddy trial verdict was read For survivor advocates, Diddy verdict is 'a huge setback' as accused artists prep comebacks Legal expert: Sean 'Diddy' Combs hired 'dream team of lawyers' Watch
(DBN)

Bryan Kohberger prosecutor reveals chilling step-by-step account of blood-lust murders of 4 Idaho students Unpacking Bryan Kohberger’s guilty plea deal to avoid death penalty in Idaho student killings
(DBN)

Man guns down two grandpas on morning walk in ambush-style killing, police say
(DBN)

'Sat on top of her': 7-Eleven employee brain-dead after manager attacked her, family says
(DBN)

Oklahoma pediatrician accused of killing 4-year-old daughter, staging death to look like drowning in Florida pool: cops
(DBN)

Felon leads cops on 4-hour long slow motion chase with speeds of 7 mph in stolen car
(DBN)

3 killed, 16 wounded in mass shooting outside downtown Chicago nightclub Artis Lounge
(DBN)

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Judges:

Chemerinsky: Supreme Court’s term was all about taking sides on the ideological divide
(DBN)

Supreme Court A Hot Mess
(DBN)

‘There’s Just Too Much Lawlessness’: Three Legal Experts on an Embattled Supreme Court
(DBN)

Trump Is Now More Powerful Thanks to the Supreme Court. But Will It Last?
(DBN)

Wisconsin Supreme Court strikes down state’s 1849 near-total abortion ban
(DBN)

Federal judge blocks Trump administration from ending temporary legal status for many Haitians Anxiety grips Haitian community in United States over termination of protected status
(DBN)

US judge blocks Trump asylum ban at US-Mexico border, says he exceeded authority Judge blocks ‘sweeping’ asylum crackdown after Trump declared ‘invasion’ at southern border Judge blocks order barring asylum access at border and gives administration two weeks to appeal White House Reacts After Judge Randolph Moss Blocks Trump Asylum Order
(DBN)

Trump takes bid to oust consumer product safety commissioners to Supreme Court
(DBN)

Judge halts RFK Jr.'s health agency restructuring
(DBN)

Trump asks SCOTUS for permission to fire Biden appointees who got their jobs back
(DBN)

Judge ends order blocking deportation of Boulder firebomb attack suspect's family
(DBN)

Judge sides against Trump after 'likely illegal' appointment at agency gutted by DOGE
(DBN)

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Wall Street:

Stock futures are little changed as Wall Street awaits June jobs report
(DBN)

Stocks soar on Vietnam trade deal as the S&P touches a new intraday high
(DBN)

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Layoffs:

Layoffs reach highest level since 2020, new data shows. Here's why companies are cutting jobs.
(DBN)

Microsoft laying off about 9,000 employees in latest round of cuts Microsoft's largest layoff in years hits Xbox, sales and other divisions
(DBN)

US Layoffs Are Slowing, But Companies Are Staying 'Cautious' on Hiring
(DBN)

Kristi Noem seeks advice on ousting DHS employees who "don't like us"
(DBN)

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Education:

House Republicans subpoena Brown University and Penn in Ivy League antitrust probe
(DBN)

Under Trump pressure, UC says student governments are banned from boycotting Israel
(DBN)

The Tax Bill’s Private School Loophole Would Make DOGE Cry
(DBN)

‘Everyone is welcome’ classroom sign violates new Idaho law, state’s attorney general says
(DBN)

Trump administration withholds over $6 billion for after-school, summer programs and more
(DBN)

Ivy Leagues Not The Most Expensive Colleges In America: Report
(DBN)

Lawsuit challenges Texas law requiring 10 Commandments in classrooms
(DBN)

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Personal Finance:

Half of Americans don’t have life insurance
(DBN)

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Crypto:

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether
(DBN)

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Economy:

Trump tells Powell to leave
(DBN)

Powell Silence on His Future Complicates Trump Fed Chair Search
(DBN)

Fed independence, US rule of law at risk, UBS reserve managers survey says
(DBN)

Immigration crackdown ripples through economy
(DBN)

Trump’s deportations are hurting Constellation Brands’ beer sales
(DBN)

The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says Shock job report shows worst employment drop in years in massive blow to Trump economy Around 33,000 Jobs Lost in June In Hiring 'Slowdown'
(DBN)

U.S. job growth expected to have slowed in June as economy sends mixed signals
(DBN)

US June Jobs Report Set to Show Strain From Trump’s Policies
(DBN)

Trump announces ‘great’ Vietnam trade deal: ‘Total access to their markets’ Trump announces Vietnam trade deal, 20% tariff on its imports to U.S. Trump touts a Vietnam trade deal victory—but details on transshipment and import pledges remain unclear Trump didn't just cut a deal with Vietnam — he was targeting China, too China Vows Retaliation If It’s Hurt by US-Vietnam Trade Deal Greta Peisch on How to Understand US, Vietnam Trade Deal Trump Aims to Shut Trade Loopholes China Uses to Evade Tariffs Trump Said Trade Deals Would Come Easy. Japan Is Proving Him Wrong Trump Announces Third Trade Deal Ahead of '90 in 90' Deadline Lutnick Nears Crunch Time to Deliver on His Trade-Deal Swagger South Korea's leader says trade deal with US remains unclear ahead of Trump's deadline South Korea Puzzles Over US Trade Demands as Deal Still Elusive Indonesia to sign $34 billion pact with U.S. partners ahead of tariff negotiation deadline, minister says US businesses respond quickly to trade policy shifts but changes are largely surface level Trump Trade War Fuels Use of Currency Options as Hedge in Europe
(DBN)

The U.S. dollar has fallen at the fastest clip since 1973. Here's what that means.
(DBN)

The increasing peril of being an American billionaire
(DBN)

SBA tightens lending standards, rolls back pandemic-era policies for small-business loans
(DBN)

The Teen Mom is Dying Out
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Stopgap Funding Saves Bankrupt NYC Apartments From Maintenance Peril
(DBN)

Commercial real estate debt distress lingers as office delinquency rate hits new record
(DBN)

Mortgage refinance demand surges, as interest rates drop further
(DBN)

Map Shows States With Biggest Housing Shortages
(DBN)

Homeowner’s insurance premiums vary widely from state to state, but they are all going up
(DBN)

California Rental Empire Faces Liquidation Risk in Court Fight
(DBN)

Californians Are Being Forced To Live In Toxic Homes
(DBN)

The Trend Disrupting Conventional Housing Wisdom
(DBN)

The 10 best places to live in the US as a renter are all in the South
(DBN)

St. Louis: Accused slumlord Dara Daugherty files for bankruptcy, complicating the city’s plans
(DBN)

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Municipalities:

One of N.J.’s largest school districts says it will file for bankruptcy Jersey Shore School Threatens Bankruptcy Over Property Tax Spat
(DBN)

Flint replaces most lead pipes, 10 years after the Michigan water crisis
(DBN)

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Oil/Gas:

US court officer recommends Dalinar's $7.38 billion bid for Citgo parent
(DBN)

Trump’s plan to replace clean energy with fossil fuels has some major problems
(DBN)

Some oil patch execs say "drill baby drill" isn't happening
(DBN)

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Retailing:

Saks Fifth Avenue at crossroads, facing creditor and vendor unease
(DBN)

Inside America’s department stores, tariff-triggered price hikes are picking up
(DBN)

Amazon Prime members brace for sticker shock as price hike predicted
(DBN)

'Trainwreck: The Cult of American Apparel' reveals the man behind the sleazy billboards
(DBN)

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Politics:

Donald Trump's Approval Rating Changes Direction in Multiple Polls Donald Trump's Approval Rating Underwater Across Multiple Polls Donald Trump's Approval Rating Surges Among Black Voters Almost 50% of Latinos voted for Trump in 2024. Experts have theories
(DBN)

We've Never Seen a President This Unconstrained: Six months in, Donald Trump is showing us daily that he’s unbound by the forces that usually keep presidents from going too far
(DBN)

House Republicans don’t have the votes yet to pass Trump’s megabill Speaker Johnson expresses concerns over passing Trump's tax bill Donald Trump Fumes at Republican Rebellion Over His Bill: 'Ridiculous' GOP holdouts stall Trump agenda into the night, with outcome uncertain House GOP advances Trump megabill after dramatic overnight vote House advances Trump's "big, beautiful bill" for debate before final vote House GOP holdouts fall in line, paving way for final passage of Trump agenda bill Trump speaks with GOP holdouts blocking his megabill in early-morning call House GOP leaders delay key vote on Trump megabill as opposition, attendance issues remain GOP Sen. Murkowski cast crucial vote for Trump’s megabill after getting key carveout Trump Faces Furious GOP Revolt as Megabill Hits New Hurdle in House House Republicans Threaten to Sink Trump’s Megabill White House summons House GOP holdouts threatening Trump megabill Trump Issues Big Bill Warning to House Republicans These are the Republican votes to watch on the Trump megabill What to know about the $6,000 ‘senior deduction’ in GOP megabill ‘Don’t you dare’: GOP’s Roy dismisses White House argument on megabill Maxwell Frost: 20 House Republicans a ‘no’ on ‘big, beautiful bill’ GOP chair snaps at Frost: ‘You’ve gone over the cliff’ North Carolina governor urges state delegation to vote against megabill
(DBN)

What Trump’s massive bill would actually do, explained 5 under-the-radar pieces of Trump's "big, beautiful bill" that may impact your life
(DBN)

The 'Big Beautiful Bill' Is Massively Unpopular and Democrats Plan to Keep It That Way
(DBN)

Musk threatens Trump with launch of his own political party ‘A billion people backing you’: China transfixed as Musk turns against Trump Could an Elon Musk political party change American elections?
(DBN)

GOP Plan Would Allow Larger Tax-Free Wealth Transfers
(DBN)

Trump Ramps Up Threats to Arrest Mamdani Trump escalates attacks on Mamdani, who says president is attacking democracy Be A Finance Bro, Not A Finance Baby: Wall Street Will Be Fine If Zohran Mamdani Becomes NYC’s Mayor Zohran Mamdani Could Be Vulnerable in General Election, Nate Silver Says Kansas City tried one of Zohran Mamdani’s big ideas for NYC. Here’s how it could change riding the bus in the Big Apple.
(DBN)

Trump’s Finances Were Shaky. Then He Began to Capitalize on His Comeback.
(DBN)

Trump’s $620 Million of Quick Crypto Riches Reshapes His Fortune
(DBN)

Fox News, MAGA hats and cookies: Inside Trump's West Wing
(DBN)

Congress Democrats See Favorability Ratings Hit Four Year Low
(DBN)

Could Kamala Harris Lose California Gubernatorial Race? What New Poll Says Harris holds double-digit lead over declared, potential California governor candidates: Poll
(DBN)

Map Shows How SNAP Bills Would Rise For States Under Trump Bill
(DBN)

Inside Elon Musk’s Stellar Year at the Texas Capitol
(DBN)

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Tech:

Amazon deploys its 1 millionth robot in a sign of more job automation
(DBN)

Managers let AI assess raises, promotions, even layoffs, survey finds
(DBN)

Hackers abuse generative AI tool to create phishing sites in 30 seconds
(DBN)

The new CEO flex: Bragging that AI handles exactly X% of the work
(DBN)

AI virtual personality YouTubers, or ‘VTubers,’ are earning millions
(DBN)

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Comic Books:

A bankrupt distributor may cost DnD and RPG publishers "tens of thousands"
(DBN)

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Celebs:

Creditors demand 27 million euros from Celeb Chef Schuhbeck's companies
(DBN)

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Tax:

Ocasio-Cortez slams Senate’s $25,000 ‘no tax on tips’ cap
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Jurisdiction:

Ploughing New Furrows: Bestwall, LLC Explores the Limits of Federal Courts’ Bankruptcy Jurisdiction with Novel Arguments
(DBN)

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Exemptions:

Teaching Trustee Exemption Planning in Bankruptcy
(DBN)

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Mass Torts:

Even loyal Catholics struggle in scandal
(DBN)

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Autos:

Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop Tesla reports record sales plunge from last year Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness Tesla’s Q2 sales not nearly as bad as feared, but former leader is losing ground fast to BYD
(DBN)

Rivian deliveries decline sharply as tariffs hit demand It's not just Tesla — Rivian's deliveries were down last quarter, too
(DBN)

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Movie Theaters:

Luxury Theater Favorite Is Struggling to Stay Afloat Again Amid Bankruptcy
(DBN)

Moviegoers warned to expect up to 30 minutes of ads and trailers after major switch by key cinema chain
(DBN)

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Healthcare:

Medicaid cuts in Trump’s megabill will leave millions uninsured, threaten rural hospitals Here's how millions of people could lose health insurance if Trump's tax bill becomes law
(DBN)

RFK Jr.’s Confusing Disdain for Medicaid
(DBN)

How an empty North Carolina rural hospital explains a GOP senator's vote against Trump's tax bill
(DBN)

Medicaid cuts could save thousands of lives
(DBN)

Cities sue Trump administration over ACA changes
(DBN)

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Gambling:

Trump's Big Beautiful Bill Could Kill Professional Gambling
(DBN)

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Climate:

New NOAA document spells out further deep Trump cuts
(DBN)

Hurricane Science Was Great While It Lasted
(DBN)

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Food/Beverage:

Why canned food staple Del Monte filed for bankruptcy Del Monte seeks bankruptcy protection as consumers turn away
(DBN)

Popular ice cream brand sold as nationwide chain closes hundreds of locations Billionaire businessmen to acquire nearly century-old Calif. ice cream brand
(DBN)

Oldest lobster processing company in Maine files for bankruptcy
(DBN)

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Student Debt:

Student Loan Repayments Changed by Trump's Big Beautiful Bill: What to Know
(DBN)

The Big Beautiful Bill Will Limit Federal Student Loans, Hoping To Fix A Big Ugly $1.7T Mess
(DBN)

How Trump wants to narrow a major student-loan forgiveness program that millions of borrowers rely on
(DBN)

Senate passes big changes to student loans in reconciliation bill
(DBN)

GOP Tax Bill Would Eliminate Grad School Loans for Half Million
(DBN)

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Media:

Media's death by a thousand cuts
(DBN)

Dr. Phil's Merit Street Media JV Files For Bankruptcy, Sues Partner Trinity Broadcasting For Breach Of Contract Dr Phil’s Anti-Woke TV Network Files for Bankruptcy a Year After Launch
(DBN)

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Religion:

Christians Among Most Likely to Ditch Their Religion
(DBN)

Pastor sexually assaulted woman, saying he was ‘exorcising her demons’
(DBN)


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Solar:

In a big bill that hurts clean energy, residential solar likely to get hit fast
(DBN)

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Sovereigns:

Ethiopia Formalizes Debt Restructuring Deal with Official Creditors
(DBN)

Drowning in debt: New forum in Sevilla offers borrowers chance to rebalance the books
(DBN)

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UK:

Government publishes personal insolvency reform update
(DBN)

Glencore in talks with UK government over refinery insolvency
(DBN)

Premier League legend Lee Clark faces financial probe following bankruptcy woes
(DBN)

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MENA:

Hamas says it’s ‘ready’ for deal to end war with Israel but doesn’t commit to Trump’s 60-day cease-fire Hamas Issues Warning to Arab Countries as It Mulls Trump Ceasefire Deal
(DBN)

Three in Four Americans Concerned Iran Will Retaliate on US
(DBN)

Iran Escalates Crackdown on Accused Israeli Spies With Mass Raid
(DBN)

Iran Ready to Enrich Uranium to Bomb-Grade Levels: "We Can Do That"
(DBN)

Hamas leaders in Doha ‘told to give up personal weapons’
(DBN)

Iranian nuclear program degraded by up to two years, Pentagon says
(DBN)

82 Palestinians killed in Gaza, including 38 people waiting for aid, authorities say US contractors say their colleagues are firing live ammo as Palestinians seek food in Gaza
(DBN)

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Russia:

Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile Ukraine Left Scrambling After US Says Halting Some Arms Shipments Air defense missiles among weaponry US is withholding from Ukraine House Republican calls for emergency briefing on Ukraine weapons freeze Trump allies caught off guard by Pentagon’s Ukraine weapons freeze As US weapons for Ukraine dry up, Kyiv changes tactics
(DBN)

Russia's Officials Keep Contradicting Putin on War Economy
(DBN)

North Korea is set to triple the number of its troops fighting for Russia along the front lines with Ukraine
(DBN)

Russia Is Struggling To Build Warplanes
(DBN)

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Venezuela:

Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
(DBN)

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China:

China will invade Siberia, not Taiwan
(DBN)

Top Chinese Official Softens Tone on US, Says War ‘Unimaginable’
(DBN)

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Indonesia:

As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch
(DBN)

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Bermuda:

Insolvency law: secured creditors take note
(DBN)

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South Korea:

Half of Korea’s Petrochemical Firms Could Go Bankrupt Within 3 Years Without Restructuring
(DBN)

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