May 12, 2026

The Daily Bankruptcy News

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Law:

Students race to secure loans before July 1 caps
(DBN)

The Biglaw Firm That Lost 8 Percent Of Its Partners Last Year
(DBN)

The Wachtell Insider Trading Co-Conspirator Has Been Identified
(DBN)

Wachtell’s M&A Dealmakers Herald Shift in Ranks of Storied Firm
(DBN)

John Quinn Says Timing of His Firm Leadership Exit Is ‘Logical’
(DBN)

Penn State Dickinson Law goals include an ‘antiracism’ focus
(DBN)

Use humans, not AI, to take meeting notes, attorneys sayAll Those A.I. Note Takers? They’re Making Lawyers Very Nervous.
(DBN)

Supremely Cringe: Neal Katyal And ‘TED-Gate’ Neal Katyal draws criticism over TED Talk revealing AI use in SCOTUS tariffs case
(DBN)

Why Most Legal AI Tools Make Junior Lawyers Worse, Not Better
(DBN)

Legal’s AI Makeover Shows What’s Ahead for Other Professionals
(DBN)

Alabama Opens Its Own Investigation Into the Southern Poverty Law Center
(DBN)

DOJ investigating DA accused of shielding illegal immigrants
(DBN)

Albany Federal Prosecutor Hit With Professional Misconduct Finding
(DBN)

Lawyers: Biden to fight DOJ plan to release audio of his talks with ghostwriter
(DBN)

DOJ Forum Shops Harassment Campaign Against Trans Kids And Their Doctors
(DBN)

6 Bodies Found in a Boxcar in Texas, Officials Say
(DBN)

Netflix sued by Texas for allegedly spying on children, addicting usersNetflix Lassoed Into Texas GOP Race As Senate Hopeful Sues Streamer; State AG Alleges “Bait & Switch” Harvesting Of Kids’ Data
(DBN)

OpenAI Sued for Mass Shooting: “If ChatGPT Were a Person, It Would Be Facing Murder Charges”Family of Florida mass shooting victim sues OpenAI in US court
(DBN)

Number of police officers killed in line of duty decreased in 2025 compared to 2024
(DBN)

Driver accused of killing mom's unborn baby right after ultrasound appointment learns fate
(DBN)

Woman who threatened to 'blow up' ex-boyfriend's house with a jar of bleach avoids jail
(DBN)

Financial analyst hated being micromanaged by colleague, so he stabbed him over 40 times
(DBN)

Man beat couple with bat because they turned off their Wi-Fi while he was using it: Cops
(DBN)

Grandpa filled grandson with birdshot for not storing his fish house: Police
(DBN)

Husband says he shot wife dead 'because she didn't take his back pain seriously': Police
(DBN)

Off-duty security guard executes teen who was returning BB gun at sporting goods store
(DBN)

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Judges:

Amy Coney Barrett Shares How She Thinks the Constitution Should Change
(DBN)

By Barrett’s own definition, the Supreme Court is full of partisan hacks
(DBN)

SCOTUS Rejects AI Assistance, Embraces Human Error Instead
(DBN)

Trump slams Barrett, Gorsuch over tariff decision
(DBN)

Trump Attacks Supreme Court Picks Ahead of Birthright Citizenship RulingTrump demands 'loyalty' from Supreme Court justices on birthright citizenship
(DBN)

Trump posts: Dear diary, why is Supreme Court so mean to me?
(DBN)

The serious decline in petitions before the Supreme Court
(DBN)

Justice Samuel Alito opens up about oral arguments, judicial security, and his writing process
(DBN)

What I learned attending all those Supreme Court oral arguments this term
(DBN)

Matt Damon’s Beer-Braised Brett Kavanaugh Finds A Constitutional Loophole For Trump’s Third Term
(DBN)

California judge rules Jewish prosecutor must step aside from anti-Israel protester case
(DBN)

Judge who teared up during child abuse testimony does not warrant new trial, appeals court says
(DBN)

Trump Plans to Tap First-Term Judge Picks for Appeals Courts
(DBN)

Justices Clear Path for Alabama GOP to Use New Voter Map
(DBN)

Supreme Court extends freeze on abortion pill restrictions
(DBN)

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Wall Street:

Stock futures slip as traders await inflation reading, monitor Iran war developments
(DBN)

S&P 500, Nasdaq hit record highs as chip strength offsets Iran worries
(DBN)

As long as the Strait of Hormuz stays closed, markets remain on a knife-edge, Deutsche Bank warns
(DBN)

Markets sell off as US.-Iran ceasefire plans go nowhere, leaving Trump with military options to reopen the Strait of Hormuz
(DBN)

'The market has jumped the shark': Michael Burry says stocks may finally be at the precipice of a major reversal
(DBN)

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Layoffs:

GM cutting hundreds of salaried IT workers as it trims costs, evaluates needsGM cuts 600 IT jobs to hire AI-skilled workers
(DBN)

AI isn’t paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds
(DBN)

Fifth Third Bank to permanently lay off 502 employees
(DBN)

All 210 Morrow employees laid off after bankruptcy
(DBN)

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Fintech:

Parker, fintech startup backed by Y Combinator, files for bankruptcy after raising over $200 million
(DBN)

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Hotels:

Brookfield sheds River North hotel for $29M after pandemic pickup in bankruptcy
(DBN)

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Healthcare:

Prison health company YesCare lost 80% of revenue after malpractice verdictFayette County Detention Center’s YesCare workers enter third week since last paycheck
(DBN)

Central Missouri’s Fitzgibbon Hospital files bankruptcy, highlighting growing strain on rural hospitals
(DBN)

Healthcare Firm Accendra Inks Discount Debt Exchange, New Funds
(DBN)

Medical debt is trapping millions of Americans in a financial nightmare
(DBN)

CA: Governor signs bill to provide emergency relief for financially distressed hospitals
(DBN)

Health program cuts hit home, fueling blame game
(DBN)

U.S. Hantavirus Cruise Passengers Fly to Quarantine Center After Positive Test
(DBN)

CDC Map Shows Where People With Hantavirus Have Died in US Since 1993
(DBN)

US health agencies equipped to handle hantavirus, acting CDC director says
(DBN)

Dutch hospital workers forced to quarantine after possible hantavirus exposure due to PPE failure
(DBN)

Kennedy Is Driving a Vast Inquiry Into Vaccines, Despite His Public Silence
(DBN)

Seniors Are Skipping The Doctor And Going To The Weed Dispensary
(DBN)

DOJ Doubles Down On Healthcare Fraud Enforcement With New West Coast Strike Force
(DBN)

Hospital harvested Air Force veteran's organs, skin and eyes without permission: Lawsuit
(DBN)

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Retailing:

The state where self-checkout soon won't exist
(DBN)

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Private Credit:

JPMorgan-led bank group reins in credit line to troubled KKR private credit fund as losses mount
(DBN)

Fed: Risks from private credit are 'limited and manageable'
(DBN)

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Tech:

Google Says Criminal Hackers Used A.I. to Find a Major Software Flaw
(DBN)

AI ‘agents of chaos’ run riot inside companies
(DBN)

New Data Center Equivalent to Setting Off 23 Nuclear Bombs Per Day, Professor Finds
(DBN)

Graduation Speaker Shocked When She’s Loudly Booed by Students for Saying AI Is the Future
(DBN)

The 'chaos' inside OpenAI is spilling out in court
(DBN)

Satya Nadella says the attempt to remove Sam Altman from OpenAI was ‘amateur city’
(DBN)

What leaders get wrong about the ROI of AI
(DBN)

Think robocalls are annoying? AI is making them dangerous.
(DBN)

Will AI turn us all into hipsters and artisans?
(DBN)

How Will AI Shock Retirement Plans and Their Fiduciaries?—Pt 1
(DBN)

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Economy:

Goldman Sachs just dialed back its recession odds on signs of wartime economic resilience
(DBN)

Kevin Warsh to face resurgent inflation and an impatient Donald Trump as chair of the Fed
(DBN)

Expect April CPI to remain elevated on energy, rents, airfaresInflation is getting worse. Just how bad is it going to get?
(DBN)

Powell's legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.
(DBN)

Kevin Warsh is right about Fed reform - but his inflation solution is a trap
(DBN)

Fed Warns America’s Financial System Is Strong But Risks Are Rising
(DBN)

Here's when markets can expect rate cuts once the Iran war ends, according to a top Morgan Stanley exec
(DBN)

Fed unlikely to cut interest rates until 2027, Bank of America says
(DBN)

Krugman: Remember Tariffs?
(DBN)

Fed researchers see a ‘full pass-through’ of Trump’s tariff costs to consumers, adding almost a full percentage point to inflation
(DBN)

Trump loses his trade superpower
(DBN)

A Second Wave of Tariff Recovery Litigation and Expanding D&O Risk
(DBN)

U.S. asks to keep collecting Trump’s new tariffs after court loss
(DBN)

Job growth has been very lopsided over the past year
(DBN)

Trump Official Says Prices Will Come Down ‘Ahead Of’ MidtermsU.S. households face serious pain beyond gas prices as diesel nears record highs New Data Shows Grocery Prices Rise For Americans Since Iran WarTrump Orders Beef Import Surge to Slash Record-High Grocery BillsTrump frantically backtracks on core policy as beef prices skyrocket to record highs Trump delays move to lower tariffs on beef imports How Trump Could Bring Down Gas PricesGasoline prices to go higher after Trump’s Iran proposal rejection
(DBN)

Wall Street braces for April inflation report
(DBN)

The families going hungry because of Trump’s food stamp cuts
(DBN)

U.S. Household Debt Hit Record $18.8 Trillion In Q4 2025
(DBN)

Scaling sin
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

May ICE Mortgage Monitor: "Annual home price growth was 0.9% in April"
(DBN)

Housing Market’s Spring Is Shaping Up as a Bust After April Sales Were Flat
(DBN)

US home sales edge up in April but affordability remains a challenge
(DBN)

House prices are set to plummet across the country, say experts
(DBN)

House prices are about to plummet in 300 of the biggest markets in the US.
(DBN)

Bankrupt Chinese billionaire finally finds buyer for $12 million New York home—after cutting $74 million from his original ask
(DBN)

Wichita Is a Rare Mecca of Affordability for America’s New Middle Class
(DBN)

New foreclosure crisis chokes America: Historic city turns ghost-pale
(DBN)

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
(DBN)

More Americans are buying homes to fit multiple generations: 'It answered a lot of prayers'
(DBN)

Last-Second Bankruptcy Freezes Foreclosure Brawl at Flushing’s Old RKO Keith’s
(DBN)

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Oil/Gas:

Aramco CEO says oil market will need months to normalize due to HormuzOil market won’t return to normal this year if Iran conflict isn’t solved within weeks, Aramco CEO says
(DBN)

Saudi Aramco warns fuel stocks heading for ‘critically low levels’
(DBN)

Saudi oil giant Aramco sees 25% jump in Q1 profit after shifting exports from Strait of Hormuz
(DBN)

Why are oil prices not higher?
(DBN)

Another USA Gasoline Price Surge Could be Coming
(DBN)

Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
(DBN)

A 'race against time.' Hormuz closure could push Brent to $150 a barrel by summer, warns Morgan Stanley.
(DBN)

US releases another wave of emergency oil as gas prices bite
(DBN)

Trump, congressional Republicans float suspending federal gas tax amid Iran war
(DBN)

Goldman Sachs says the jet-fuel crunch can be fixed — but warns of another fuel squeeze
(DBN)

Oil majors return to Alaska as state becomes ‘world’s hottest play’
(DBN)

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Retailing:

GameStop’s bid for eBay is wild — and it might just work
(DBN)

Simon Property Group drops effort to evict Saks Global stores behind in rent
(DBN)

Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Poll: Americans disagree on what a 'stolen' election means
(DBN)

How the GOP could lose in November and still take the House
(DBN)

Key Republican faces Democratic calls to resign over radio interview
(DBN)

Many Americans think Trump assassination attempts were fake, survey finds
(DBN)

Reflecting Pool Repairs to Cost $13.1 Million. Trump Had Promised $1.8 MillionLawsuit filed over Trump's Reflecting Pool renovations
(DBN)

White House ballroom funds hang over GOP push to fund ICEPaul: $1 billion for White House ballroom likely coming out of budget reconciliation bill
(DBN)

Stephen Miller in Retreat
(DBN)

Panicked Hegseth picks new fight with his nemesisHegseth’s latest attack on Kelly underlines alarm over US weapons stockpiles
(DBN)

Hegseth boosts veteran benefits bill that key Republicans have opposed
(DBN)

Hegseth accuses Sen. Mark Kelly of revealing classified information on ‘Face the Nation’
(DBN)

Trump approves plan to fire FDA Commissioner Marty Makary
(DBN)

G.O.P. Plant? Democratic Ruse? Accusations Fly in Nebraska’s Senate Race
(DBN)

AOC Angers Progressives with Marjorie Taylor Greene Remarks
(DBN)

ABC pushing back against FCC crackdown on ‘The View’
(DBN)

An FCC Commissioner Tells Disney the  Agency Is on a Campaign to Censor It
(DBN)

Rove says new GOP election maps could backfire in House racesTrump’s redistricting push could cost Republicans more than it gains Jeffries vows ‘massive’ response following redistricting setback in VirginiaRedistricting war isn’t over, Democrats say as Jeffries calls a meeting this weekWith few options left in redistricting, Democrats ramp up affordability message
(DBN)

Black People Won a Voice in This County. The Voting Case May Silence It.
(DBN)

Jonathan Turley Defends Virginia Redistricting Opinion By Refusing To Explain It
(DBN)

Why Republicans Are Still Drawing House Maps, While Democrats Are Stuck
(DBN)

‘SNL’ opens with Hegseth, Patel and Kavanaugh drinking at DC bar
(DBN)

San Fran Lurie Most Popular Mayor in USA, Hits 74% Approval
(DBN)

Inside the House vs. Senate rifts threatening the GOP agenda
(DBN)

Forget the Rust Belt or the Sun Belt. The 'Wired Belt' may be the next frontier of American political power
(DBN)

Inside the wild fight to oust a top GOP Trump critic
(DBN)

Unsuspecting Donors Keep Giving to Defunct Tulsi Gabbard, Kari Lake Committees
(DBN)

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Credit Reporting:

Court Holds CRAs Not Required To Monitor Bankruptcy Dockets
(DBN)

____________

Golf:

He Joined LIV Golf for Over $100 Million. His Road Back Has Been Far More Humbling.
(DBN)

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Plastics:

‘Historic’ plastic price hikes are pushing companies to the edge
(DBN)

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Weight Loss:

Realities of life on GLP-1s for weight loss
(DBN)

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  New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (70 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Litigation Finance:

Hedge Funds Make Their Move as Litigation Finance Assets Slump
(DBN)

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Aviation:

Adviser fees hit $80mn and counting in Spirit Airlines bankruptcy
(DBN)

Spirit Seeks Approval of Wind-Down Plan After Ceasing Operations, Pins Failure of Second Chapter 11 Reorganization Effort on Fuel Price Spike Triggered by Iran War
(DBN)

Spirit collapse risks rating tied to NJ's Atlantic City Airport
(DBN)

Distressing reason quaint Pennsylvania town's regional airport suddenly has no flights
(DBN)

Can the Public Buy Spirit Airlines? What to Know About the Viral Effort to Revive the Bankrupt Company
(DBN)

How Spirit’s collapse changed the economy — and lives. ‘Back to ramen noodles’
(DBN)

EU weighs adding carbon costs to outbound flights
(DBN)

Ryanair cuts 700,000 seats and 12 European holiday routes while summer fuel deadline is issued
(DBN)

____________

Sports:

2026 World Cup Is at Risk of Being a Colossal Dud
(DBN)

____________

Newspapers:

New York Times exposed for anti-white, anti-male discrimination?
(DBN)

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Agribusiness:

70% of US farmers can't afford needed fertilizers for 2026
(DBN)

California peach growers struggle after Del Monte cannery closure
(DBN)

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Cosmetics:

Adwoa Beauty moves to liquidation following Chapter 7 bankruptcy conversion
(DBN)

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Radio:

Spanish Broadcasting System Formally Files for Bankruptcy
(DBN)

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Food/Beverage:

Batch Ice Cream files for Chapter 11 but keeps operating
(DBN)

Franchisees push their claims in the Fat Brands bankruptcy
(DBN)

Franchisee profitability has taken a big hit
(DBN)

As Illinoisans lose federal food assistance, independent grocers face debt, store closure
(DBN)

Las Iguanas warns it may run out of cash
(DBN)

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Media:

Byron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO
(DBN)

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Rail:

America's deadliest rail line drowns in debt after 196 deaths
(DBN)

As Brightline heads toward possible bankruptcy, what is its future?
(DBN)

____________

Climate:

'Not normal': On one April day, all of the planet’s top 50 hottest cities were in just one country
(DBN)

The climate crisis is coming for your groceries
(DBN)

A Water Doom Loop Is Coming
(DBN)

____________

Fraud:

Instagram influencers charged in Cleveland real estate Ponzi scheme
(DBN)

Pinky Cole’s Former Bar Vegan CFO Indicted in $87K Fraud Case
(DBN)

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Telecom:

Terms on Trump Mobile site indicate that phones may never come
(DBN)

____________

UK:

MFS owner accused of ‘plundering’ company to fund ‘lavish lifestyle’
(DBN)

Revisiting Limitation Periods in Insolvency Claims Post Zedra
(DBN)

UK to take full ownership of British Steel
(DBN)

Weil-Designed “Stapled Exchange” Featured in Financial Times
(DBN)

Middle East conflict increases longstanding challenges on retail and hospitality businesses
(DBN)

Universities in England face 'real risk' of closure due to insolvencyLack of planning for university failure risks ‘lasting blow’ to UK R&DStudents at risk if universities go bust, say MPsNo plan to stop ‘disorderly exit’ if university goes bust, say MPs
(DBN)

‘Starmer drama’: UK borrowing costs hit post-2008 peak as leadership fears hit bond markets
(DBN)

Cost of raising a child hits nearly £200,000
(DBN)

____________

Canada:

Consumer insolvencies highest since 2009 as Canadians struggle with debt
(DBN)

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China:

Confident in China's power, Xi ready to host unpredictable Trump
(DBN)

As Trump Heads to Beijing, China Is ‘Locked and Loaded’ for a Fight
(DBN)

A weakened Trump arrives at Xi’s court
(DBN)

China Increasingly Views Trump’s America as an Empire in Decline
(DBN)

Beijing is patiently waiting for the United States to flame out
(DBN)

Trump invites Elon Musk, Tim Cook, Larry Fink and other CEOs to join China trip for Xi summit
(DBN)

China expanding its industrial dominance, warns US business group
(DBN)

____________

MENA:

Trump warns Iran ceasefire is on 'life support' as he rejects 'garbage' peace dealIran reveals demands Trump dismissed, punts on nuclear talks Trump insists Iran is ‘defeated’ as US seeks deal and Israel says war ‘not over’US, Iran Far Apart in Talks to End War and Reopen HormuzIran’s top negotiator: Accept our proposal or ‘American taxpayers will pay for it’
(DBN)

Pentagon reveals location of nuclear-armed submarine after Trump rejects Iran proposal
(DBN)

Iran hangs grad student accused of spying for CIA
(DBN)

Netanyahu: War 'not over' until we get enriched uranium out of Iran - 'Go in and take it out'
(DBN)

Israeli troops get prison for desecration of Virgin Mary statue in Lebanon
(DBN)

UAE Has Been Secretly Carrying Out Attacks on Iran
(DBN)

EU puts sanctions on Israeli settlers after Hungary drops Orban's veto
(DBN)

New report details ‘systematic’ rape and sexual violence during Hamas’ Oct 7 attack on Israel
(DBN)

____________

Cuba:

Will the US Invade Cuba? Spy Flights Surge, New Sanctions, Havana Fumes
(DBN)

Trump and Rubio's escalating rhetoric show a Cuba invasion could be imminent
(DBN)

Senate Republicans warn Trump against Cuba military attack
(DBN)

____________

Russia:

5 Scenarios for Putin’s Ukraine War
(DBN)

Putin stockpiling ‘unkillable’ fibre-optic drones for ‘future assault on NATO’
(DBN)

As Iran war hits US weapons stocks, allies fear impact on Ukraine
(DBN)

____________

EU:

Spain calls for EU army
(DBN)

Europe’s sleeping giant rearms
(DBN)

Germany’s far-right AfD sees surge in support after it criticizes Donald Trump’s Iran war
(DBN)

Trump troop threats to Europe fail to move the needle on Iran
(DBN)

____________

Sweden:

The world’s most surprising capitalist makeover is under way in Sweden
(DBN)

____________

South Korea:

Bankrupt Korean Crypto Exchanges Withhold 22 Billion Won in Assets
(DBN)

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