October 27, 2025

The Daily Bankruptcy News

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Law:

Nation’s biggest law firms back off from challenging Trump policies
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Major U.S. Law Firm Apologizes for AI-Generated Errors in Bankruptcy Court Filing
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David Lat: Judicial Notice: Free Speech And AI
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This furloughed IRS lawyer has a new side gig: running a hot dog stand
(DBN)

Google’s $190 Million Legal Bill: Texas’ Privacy Showdown Ends in a Pricey Truce
(DBN)

Trump Taps His Most Trusted Lawyers for Key Government Roles
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Trump calls for prosecution of more political foes including Jack Smith and Merrick Garland
(DBN)

N.Y. AG Letitia James pleads not guilty to bank fraud charges in federal courtProsecutor who opposed charging Letitia James was fired for allegedly mishandling case information
(DBN)

When ICE came for a U.S. citizen and Army veteranTrump Administration Plans a Shake-Up at ICE to Speed DeportationsTear gas fired as Chicago neighbors confront federal agents during immigration arrestOutrage after federal agents use tear gas just before Halloween parade in Old Irving Park‘Get out of our city!’As Trump cracks down, faith groups step up for immigrants: ‘What has happened to our heart?’As federal agents ramp up Chicago immigration crackdown, more elected officials caught in crosshairsWhat a pastor saw ICE do to protesters outside ChicagoChicago Police, ICE and the fraying of the thin blue lineFear grips Coachella Valley over Trump deportations
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Trump administration seeks to deport Kilmar Abrego Garcia to Liberia, Justice Department says
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'You'll go down as a wimp:' Pence's never-before-published notes key evidence in case against Trump, book says
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Lawsuit: D.C. man detained for playing "Star Wars" song at National Guard
(DBN)

Trump ally says grand jury empaneled in Florida to investigate a sweeping conspiracy against Trump
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Wolff: This Is What I’m Going to Ask Melania Under Oath
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Man takes kids for McDonald’s – after murdering their parents
(DBN)

Neighbor accused of shooting woman because her horse was getting ‘too fat’
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Inspector Clouseau? The mystery man in an AP photo after the Louvre jewel heist creates a buzz
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2 killed, 7 in critical condition in mass shooting
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Judges:

Appeals Court Pauses Deployment of Troops to Portland for Now
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Supreme Court’s conservatives face choices to limit Voting Rights Act
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Wall Street:

Stock futures rise over optimism for U.S.-China trade deal ahead of Trump-Xi meetingStock index futures upbeat ahead of big tech results, Trump-Xi meet, Fed meetingDow futures jump 300 points as U.S.-China trade war heads for ceasefire while Wall Street eyes another Fed rate cut and earnings from AI giants
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Layoffs:

Final WARNing: Maryland’s Law Mandating Notice of Mass Layoffs and RIFs Is Now in Effect!
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Shale Giants Slash Thousands of Jobs as Lower Prices Bite
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Media:

‘CBS Evening News’ Only Broadcast Network To Say Nothing On-Air About Trump Pardon Of Money-Laundering Crypto CEO; Changpeng Zhao Has Biz Connections To POTUS Family
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The Fox News reporter testing Trump’s patience with his favorite network
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Food/Beverage:

The Only Recap Of Bar Louie's Downfall You Need
(DBN)

Historic whiskey brand Uncle Nearest may file for Chapter 11 bankruptcy again after lawsuit, receivershipLawsuit To Asset Sale: Inside The 'Uncle Nearest' Bankruptcy—Whiskey Brand That Honors Jack Daniel's TeacherUncle Nearest Asset Dispute Triggers Sale and Possible Bankruptcy: Inside the Legal Battles and Smear Campaign Behind It
(DBN)

Beloved Mexican restaurant closing 24 restaurants after bankruptcy
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RFK Jr to urge Americans to eat more saturated fats, alarming health experts
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Fraud:

HSBC faces $1.1B loss from Madoff fraud ruling, stock falls
(DBN)

Rivian to pay $250M to settle IPO fraud suit
(DBN)

JPMorgan Chase wants out of paying $115M legal tab for convicted fraudsters
(DBN)

‘Do not trust your eyes’: AI generates surge in expense fraud
(DBN)

Bankruptcy liquidation plan likely to leave Ken Mattson’s many investors short
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Climate:

Melissa may reach Cat 5, poses great danger to Jamaica, Cuba and HaitiJamaica braces for direct hit from potentially "catastrophic" Hurricane Melissa
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Theme Parks:

How Travis Kelce Wound Up on a Wild Ride to Save Six Flags
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Education:

Yale, Princeton Post 11% Returns as Schools Face New Tax
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There’s a war on the bachelor’s degree. Can anything replace it?
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The shrinking future of Ph.D.s
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Gas Stations:

A colossal Buc-ee’s broke a small Colorado town
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Agribusiness:

Farmer, Trump Fan, Gutted By Tariffs Says He Sees Bankruptcies and Suicides If Trade War Continues
(DBN)

In Trump-Friendly Iowa, the President’s Policies Have Hit Hard
(DBN)

Will Trump Rescue America’s Soybean Farmers?
(DBN)

Trump defies ‘America First’ agenda with Argentina beef plan
(DBN)

Farm owner Bessent on soybean crisis: "I have felt this pain too"
(DBN)

China to Make Substantial US Soybean Purchases, Bessent Says
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Cruise Lines:

Cruise ships are seeing a record year for outbreaks
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Autos:

Chase CEO Says The Quiet Part Out Loud: This Is Why People Are Defaulting On Auto Loans
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Healthcare:

ObamaCare sticker shock begins as open enrollment meets shutdown deadlock
(DBN)

Many voters say health care unaffordable, are open to new insurance system: Poll
(DBN)

Paul floats bipartisan commission amid Affordable Care Act subsidies battle
(DBN)

Columbus church erases medical debt for more than 1,450
(DBN)

CFPB’s Medical Debt Rule Faces An Uncertain Future
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Hotels:

“‘State of Chaos’—Hundreds of Travelers Stranded as DOJ Seizes $60 Million Hotel Empire”
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Resorts:

High-end Napa Valley wellness resort faces foreclosure
(DBN)

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Defense:

Essential US space, defense brand liquidates in Chapter 11 bankruptcy
(DBN)

Striking Boeing defense workers in Midwest reject company’s latest contract offer
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Retailing:

Claire's Holdings Seeks Confirmation of Chapter 11 Plan After Successful Going-Concern Sale
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Crypto:

Mt. Gox delays creditor repayments to 2026 in latest setback for victims
(DBN)

Ardent Trump supporter Lonsdale blasts crypto pardon
(DBN)

Senate Dems move to condemn Trump's Binance pardon
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Sports:

Faster, Higher, Stronger—and Full of Drugs. The Billionaire Quest to Hack Sports.
(DBN)

‘I’m Shocked, Shocked to Find That Gambling Is Going On in Here’
(DBN)

The NBA Indictments Are Not What They Seem
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Economy:

Inflation Edged Higher in September, as Tariffs Raise Some PricesInflation climbs to highest level since January, beef prices soar
(DBN)

FOMC Preview: 25bps Rate Cut Expected
(DBN)

Inflation rises less than expected, clearing path for more Fed easing
(DBN)

Federal Reserve meets Wednesday for interest rate decision. Here's what economists predict.
(DBN)

Bessent unveils Fed chair finalists before year-end decision
(DBN)

The economy is in uncharted territory
(DBN)

Scope downgrades US credit rating on public finance, governance deterioration; revises outlook to 'stable'
(DBN)

The Economy That’s Great for Parents, Lousy for Their Grown-Up Kids
(DBN)

The optimistic millennials' guide to Gen Z's career apocalypse
(DBN)

US firms grapple with economic divide as lower income struggles mount
(DBN)

Cleveland Fed: Median CPI increased 0.2% and Trimmed-mean CPI increased 0.2% in SeptemberBLS: CPI Increased 0.3% in September; Core CPI increased 0.2%
(DBN)

North America Set to Cut Rates as Rest of G-7 Looks On
(DBN)

Trump Tariffs Panned by Bernanke, Yellen at Supreme Court Ontario says it's pulling anti-tariff ads after Trump threatens to cut off trade talks with CanadaTrump’s Attack on Ontario’s Reagan Ad Helped Amplify Its ReachFact-check: Did Canadian ad about U.S. tariffs mislead about Reagan’s remarks?Trump Not Planning to Meet Carney as Spat Over Trade Ad Drags OnTrade Talks Were Making Progress Before Trump Blowup, Carney SaysCarney Warns Of Trade Shift After Trump’s Canada Tariff HikeTrump threatens Canada with 10% extra import tax for not pulling down anti-tariffs ad soonerTrump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and contextTrump says he won’t resume Canada trade talks ‘for a while’ amid Reagan ad rowU.S. and China agree to a trade deal 'framework,' Treasury secretary saysTrade — and tensions with Xi — remain at the top of the president's trip agendaUS Has ‘Very Constructive’ China Talks as Trump Jets to AsiaWhy Any Deal at the Trump-Xi Summit Is Unlikely to Last Trump Unveils Flurry of Asia Trade Deals Ahead of Xi MeetingTrump Signs Malaysia Trade Deal With Anwar During Asia TripUS, Brazil Launch Trade Talks After Trump and Lula Repair TiesBrazil’s Lula Says Trade Deal With US Coming Sooner Than ‘Anyone Thinks’ After Trump Meet Trump says he could work out some deals with Brazil Embraer Warns of Delays and Cancellations of Orders on TariffsTrump Tariffs Deliver Shock ‘Wake-Up Call’ to a World Denim HubThailand, US reach framework agreement on tradeUS, Vietnam agree to boost trade, tariffs on some Vietnamese goods may be removedTrump's initial trade deals in Southeast Asia have gone MIA
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US Firms Largely Avoid Price Hikes Despite Rising Costs, Survey Shows
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Lawmakers float a nationwide basic income experiment that would cover the cost of a 2-bedroom apartment
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US Debt Clock
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World Debt Clock
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Real Estate:

First Look at September Mortgage Performance: "Delinquencies remain well below pre-pandemic norms"
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NMHC on Apartments: Market conditions "Soften" in Q3
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SilverRock Development Argues 99-Year Ground Lease is Financing Device, Not True Lease, in Dispute Over Asset Sale
(DBN)

U.S. National Debt Hits $38 Trillion, Driving Mortgage Rates Higher
(DBN)

Homebuilders push new frontier for Fannie and Freddie: Construction loans
(DBN)

Map Reveals Cities Where Home Prices Surged Most in 50 Years
(DBN)

This Gross Practice Might Make Your Next Home Search Even More Annoying
(DBN)

Cursed 34-acre coastal Calif. property goes up for sale for $3.2M
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Oil/Gas:

Trump administration aims to auction offshore oil leases along U.S. coastlines that have been off-limits for decades
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Entertainment:

David Ellison Is Moving Fast and Spending Big to Remake Hollywood
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Politics:

Government shutdown hits Day 25 with no deal in sightRepublicans may go nuclear to end the shutdownRepublicans grapple with shutdown – and why more are blaming the GOPUS government shutdown threatens the spending power of CongressTrump administration says it won't tap emergency funds to pay food aid US Department of Agriculture says no food aid benefits will be issued next month USDA says it can't use emergency funds for food stamps SNAP funding expiration set to hit 40 million people US food banks brace for surge as shutdown threatens benefits Federal workers flock to D.C. food bank as they miss first full paycheck of shutdownUS Families Preparing to Skip Meals if SNAP Benefits Are Delayed Civilian employees at several federal agencies miss their first full paycheck Federal workers hunker down as they go without pay in shutdown: "Protect every penny"Senate fails to advance GOP bill to pay essential federal workers during shutdownU.S. transportation chief doesn't want air traffic controllers driving for Uber during shutdownDepartment of War receives $130 million from mystery donor to cover troop salaries during shutdownDonor Who Gave $130 Million to Pay Troops Is Reclusive Heir to Mellon Fortune Congress under the gun on military pay as Trump’s $8 billion dries up Trump's shutdown funding workarounds are on shaky legal groundIn federal shutdown, illegal base jumping booms at YosemiteDisgust with lawmakers may lead GOP, Democrats to seek end to shutdown
(DBN)

Vought promised to use the shutdown to shutter the bureaucracy. It didn’t go as planned.
(DBN)

While America's pocketbook is shut down, Trump is taking over the purse strings
(DBN)

White House uses building history site to demean Democrat presidents
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Help! - We're drowning in corruption
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Black Americans and Latinos feel alienated in Trump's America: poll
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Trump dismisses speculation of vice presidential run in 2028 election
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Trump’s popularity among Hispanic adults slips
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MAGA lobbying firms are booming. This is where their money goes.
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Donald Trump health fears soar after 'humiliating' moment - 'What is he doing?'
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A ghost in the Oval Office: How Reagan looms over Trump presidency
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As of mid-2025, there were roughly 50 simultaneous "national emergencies" in force.
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How Trump’s ballroom will dwarf the White HouseWhy Trump's new White House ballroom may actually cost taxpayers up to $110 millionWashington Post editorial board praises Trump’s demolition of East WingDonald Trump unveils shameless name for new ballroom amid outrage over East Wing demolitionBig Tech Helped Bankroll the East Wing DestructionDemocrats Plot Revenge for Trump’s $300 Million Ballroom
(DBN)

Trump considering plans to target cocaine facilities inside Venezuela, officials sayPentagon Orders Aircraft Carrier to the CaribbeanUS and Venezuela: Three Signs Point to Risk of War Maduro Hits Back at Trump: ‘Inventing New Eternal War’ Could USA invade Venezuela? Doomsday report warns of 100,000 troops and social collapseNearly 8,000 Venezuelan nationals returned on ICE deportation flights since MarchRepublicans Who Have Rarely Opposed Trump Raise Questions About His Drug WarParents of fisherman killed in US strike: ‘We need answers from Trump’Why is Trump, the self-proclaimed ‘president of peace’, aiming to topple the Venezuelan regime?Inside Venezuela’s most powerful narco-terror gang ‘Cartel of the Suns’ in Trump’s crosshairs… & why it’s untouchable
(DBN)

U.S. sanctions Colombian President Gustavo Petro amid intensifying Trump feud'We Do Not Kneel': Colombian President Defiant In Response To US Sanctions Colombia's President Gustavo Petro says blowing up drug boats is easy, but illegal and ineffectiveSen. Ruben Gallego says administration's strikes on alleged drug boats are 'murder'The Incentive to Murder
(DBN)

Trump Jr-linked drone company wins Pentagon contractDonald Trump Jr.’s Drone Ventures Could Make a Killing — Thanks to Dad’s Big Beautiful BudgetDrone company's stock soars after it appoints Donald Trump Jr. to advisory board
(DBN)

The Banker Behind the Trumps’ Quick Wall Street Wins
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What donors to Trump's White House ballroom stand to gain from the federal government
(DBN)

In emotional speech, Zohran Mamdani defends Muslim identity against ‘racist and baseless’ attacksAllow Zohran Mamdani to Reintroduce Himself 26% of New Yorkers considering fleeing NYC if Zohran Mamdani becomes mayor: poll House Republicans want to strip Zohran Mamdani of citizenship, possibly deport NYC mayoral frontrunner over form omissionsZohran Mamdani insists NYPD commish will ‘follow my lead’ on criminal-justice reform: ‘I’ll be the mayor’
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Del. Congresswoman Eleanor Holmes Norton, 88, scammed at home by group claiming to be cleaning crew - police report: "early stages of dementia"
(DBN)

Pentagon Frets Over ‘A House of Dynamite’ Nuclear Doomsday Film
(DBN)

Gavin Newsom says he will consider White House run after 2026 elections
(DBN)

Kamala Harris Gives ‘Strongest Indication Yet’ She May Run Again For President: ‘I Am Not Done’
(DBN)

Trump Repeats Claim He Ended 8 Wars, Says No President Has Ever Solved One
(DBN)

Trump: ‘I Don’t Need’ to Solve Afghanistan-Pakistan Conflict, But Will
(DBN)

Pollsters Have a New Kind of Competitor. They Should Be Worried.
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Golf:

Margate residents push back as developers eye defunct golf course for housing project
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Finance:

PrimaLend’s Unpaid Lenders Blast Bankruptcy for Missing Key Unit
(DBN)

How Bad Is Finance’s Cockroach Problem? We May Be About to Find Out.
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Awards:

American College of Bankruptcy Announces Class 37 Inductees
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Ride Hailing:

Can Waymo Play Nice With London’s Black Cabs?
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New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Judge tapped to vet $4-billion sex abuse settlement; L.A. County urges bar investigation
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Alex Jones Loses Control of Infowars
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Aviation:

Airline files for bankruptcy in Texas as ‘significantly cheaper’ service becomes latest casualty of fuel costs
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Flights to Los Angeles International Airport halted due to air traffic controller shortage
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Government shutdown continues to add to stress on air traffic controllers and disrupt flights
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Alaska Air Tumbles Into Travel Chaos as Financial Hit MountsAlaska Airlines vows IT upgrades after outage forces 400 flight cancellations
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Tech:

Amazon’s AWS Shows Signs of Weakness as Competitors Charge Ahead
(DBN)

Why every website you used to love is getting worse
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AI is about to supercharge cyberattacks
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Silicon Valley’s War Profiteers
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The ministers of thought
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The ever-growing AI inequality gap
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Is AI Paying Off Yet, and If Not Now, When?
(DBN)

AI models may be developing their own ‘survival drive’, researchers say
(DBN)

Debt financing in AI is a signal that the bull market in tech is ‘getting weaker and weaker as the days go by,
(DBN)

Epstein chatbot encourages teens to 'spill secrets'
(DBN)

Student handcuffed after Doritos bag mistaken for a gun by school’s AI security system
(DBN)

Apple now shipping key product manufactured in Houston
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Sovereigns:

Bankrupt Pakistan's debt crisis deepens, external debt reaches $1,200,000,000,000
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UK:

Private credit braces for public reckoning
(DBN)

Insolvency remains high in Yorkshire and UK with hotel sector facing pressure – R3 responds to September 2025 insolvency statistics
(DBN)

£629.3m stolen by fraudsters in 2025
(DBN)

Non-domestic rates avoidance schemes an abuse of insolvency legislation
(DBN)

Debt-ridden councils are demanding you hand them cash gifts you gave to your children – even if it was 20 years ago
(DBN)

Ministers on alert as North Sea supplier scrambles to avert collapseMore than 2,000 jobs at risk as oil and gas company enters administration
(DBN)

'Chronic underfunding' leaving Scotland's colleges on brink of insolvency
(DBN)

Midlands council told to 'get priorities right' after putting up 65ft Christmas tree in October
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EU:

Europe fights to avoid being sidelined by Trump’s world-shaping plans
(DBN)

WW3 fears as European nation reinstates conscription amid 'crisis' warning
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Canada:

Court Favors Pensions in Fight Over Defunct Hudson’s Bay Stores
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Russia:

Russia faces a shrinking and aging population and tries restrictive laws to combat it
(DBN)

Russia's top banker warns Moscow is fighting the wrong economic battle
(DBN)

Putin fears another coup as Russia finally begins to buckle
(DBN)

How to get ahead in wartime Russia
(DBN)

US could hit Russia with more sanctions over Ukraine war, but also wants Europe to increase pressure
(DBN)

Why Trump’s ‘Groundbreaking’ Russia Sanctions May Not Deliver Knockout Blow
(DBN)

Zelensky calls on Trump to follow up Russia sanctions with missiles
(DBN)

As Putin Digs In, a Long—and Different—War With Ukraine Looms
(DBN)

Putin is amassing nuclear weapons and attack submarines in the Arctic Circle as Russia prepares for war with NATO, Norway says
(DBN)

Russia tests nuclear-powered ‘Flying Chernobyl’ missile super weapon that has unlimited range, claims Putin
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Explosions shake Moscow streets as drones spread chaos across Russia's capital
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MENA:

Tehran erupts in panic after leading private bank declares bankruptcyCorruption, mismanagement in spotlight as Iran dissolves major private bank
(DBN)

Rubio says US is getting input on Gaza international force, will discuss in Qatar Netanyahu says Israel will decide which international forces are 'unacceptable' in Gaza
(DBN)

Trump’s Push for Gulf to Pay for Rebuilding Gaza Faces Hurdles
(DBN)

Israeli military says it conducted 'targeted strike' in central Gaza
(DBN)

Why the Gaza Peace Deal Is Like an Anglican Wedding
(DBN)

Hamas expands search for remaining Israeli hostages' bodies as Egypt joins effort
(DBN)

Iran declares major bank bankrupt amid sanctions
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Argentina:

Trump Is All In on Milei. What About Argentines?Milei’s Free-Market Experiment Hangs in the Balance as Argentina VotesBessent’s Intervention in Argentine Peso Soars Past $1 BillionU.S. will not lose money on Argentina bailout, Bessent promises
(DBN)

Milei’s party wins Argentina midterm vote in major comeback
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Brazil:

Top Bank Creditor Uses Americanas Legal Playbook Against Ambipar
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North Korea:

Trump Pitches Meeting With Kim Jong Un During Asia Tour: ‘Put Out the Word’
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Switzerland:

Switzerland is spending millions revamping its vast network of bunkers
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Australia:

First Guardian CEO plotted penthouse deal as super fund collapsed, ASIC claims
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France:

Moody's cuts France's credit outlook to negative, citing risks from political fragmentation
(DBN)

French police arrest 2 Louvre jewel heist suspects amid manhuntOne week on, a breakthrough in the Louvre heist that exposed weaknesses and wounded French pride
(DBN)

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India:

Limitations of the IBC Amendment Bill, 2025: Speed at the cost of balance?
(DBN)

Insolvency 2.0: India’s Alarm Bell to Craft Fresh Playbook for Crypto and Beyond
(DBN)

Rule 9 Of Security Interest (Enforcement) Rules Does Not Apply When Secured Creditor Suppressed Material Facts: Telangana High Court
(DBN)

Delhi High Court Upholds “Accord and Satisfaction,” Rules Creditor Cannot Claim Balance After Accepting Lesser Sum in Full Settlement
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Japan:

How Trump’s perception of Japan collides with today’s economic reality
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Japan Deals With the Price of Playing to Trump: $550 Billion
(DBN)

Toyota may announce US-made vehicle imports to Japan, NHK says
(DBN)

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Ireland:

Ireland elects left-wing president in anti-govt landslide
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