May 19, 2026

The Daily Bankruptcy News

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Law:

Big Law Firms Battle for Distressed Debt Lawyers in Hiring Spree
(DBN)

Supreme Court Consideration Looms for Executive Order Case Impacting Law Firms
(DBN)

Gibson Dunn to Expand Premier Restructuring Practice With Matthew Roose in New York
(DBN)

Selendy Gay Elevates Claudia Tobler to Partner
(DBN)

OpenAI Dismissal Motion Says ChatGPT Is Mere Tool, Not Attorney
(DBN)

ABA Legal Ed council moves forward on alternative pathways to the bar
(DBN)

NJ Bar’s New President Talks Ethics Rules on Dating Clients
(DBN)

Court Tosses Charges Over Misconduct by Wyoming US Attorney
(DBN)

The Law Schools Where The Most Graduates Got Public Interest Jobs (Class Of 2025)
(DBN)

Attorney performs life-saving CPR mid-hearing, credits time in Boy Scouts
(DBN)

U.S. Bar Applications Evolve: Half of Jurisdictions Expected to Drop Questions on Sexual Trauma by 2024
(DBN)

Bar candidates without ABA-accredited degree more likely to flunk, new study finds
(DBN)

Colorado moves to ban fee sharing with nonlawyers
(DBN)

“Massachusetts Judge Bars Morgan & Morgan Attorney in Harvard Case Over AI Misuse”
(DBN)

Alex Murdaugh sues 'tampering' court clerk Becky Hill accusing her of rigging his murder trial to win a book deal
(DBN)

Over 100,000 Family Separations in Deportation Push, Report Estimates The Next ICE Director Will Need More Than Loyalty to Trump, Former ICE Officials SayAn ICE Firearms Trainer Was Involved in At Least 4 Deadly ShootingsTrump’s immigration crackdown could cost up to $479bn in lost taxes over 10 yearsTrump abandons Dreamers despite past sympathyICE agent charged with four counts of assault in Minnesota shooting of Venezuelan immigrantFederal Judge Restricts ICE Arrests at Manhattan Immigration CourtsThe administration has detained 400,000 immigrants: What do we know about their children?
(DBN)

Top Treasury Lawyer Quits in Disgust Over Trump’s Massive $1.8B ‘Theft’
(DBN)

DOJ Can’t Keep Its Own Cases Straight While Suing 30 States For Messy Voter Rolls
(DBN)

State judge blocks evidence from Luigi Mangione backpack in CEO murder caseJurors at Luigi Mangione trial will see alleged killer’s ‘manifesto’ and gun
(DBN)

‘Teen takeover’ descends into wild brawl inside DC Chipotle — as feds promise to charge ignorant parents
(DBN)

Craziest divorce demands ever revealed — including how a toaster oven unraveled $20M divorce
(DBN)

‘Two suspects shot dead’ at Islamic Center of San Diego with young kids forced to form human chain to evacuate schoolHero security guard who died saving lives in horror Islamic Center shooting named as dad of 8 by devastated friendsPolice were searching for teens behind San Diego mosque shooting before the bloodshed began
(DBN)

Man killed best friend for 'vaping in the house,' claimed they were 'play-fighting': Cops
(DBN)

Son marveled how 'easy' it was to stab sleeping mother 'who did not care about him': Cops
(DBN)

Woman opened fire after an argument about a $50 debt: Police
(DBN)

Pregnant woman wakes from coma to find out boyfriend tried to kill her, unborn baby
(DBN)

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Judges:

Justices Hint at Strains as Supreme Court Comes Under Scrutiny
(DBN)

7th Circuit upholds ‘Are We Dating the Same Guy?’ ruling, muses sanctions for ‘fictitious’ citations
(DBN)

Increasing court security concerns restrict some activities, Justice Thomas says
(DBN)

Justice Alito pushes back on calls to sit out a major Supreme Court climate case
(DBN)

Judge in Google antitrust case blasts attorney fees request as ‘shockingly huge’
(DBN)

Donald Trump Is Big Mad About His Supreme Court Tariff Battle Loss
(DBN)

Federal Circuit Releases Its Own Theme Song Managing To Be Both Embarrassing And Damning
(DBN)

Woman Gives Birth In Courtroom — Her Arraignment Goes Ahead Without Her
(DBN)

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Wall Street:

Stock futures fall as traders monitor U.S.-Iran war, chip stocks slide
(DBN)

Nasdaq drops for a second day as tech pullback picks up steam, Micron shares slide 7%
(DBN)

Inflation Uptick Is Starting to Send Sell Signals to Stock Bulls
(DBN)

Investors warn of ‘correction’ risk as high-flying stocks defy bond gloom
(DBN)

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Layoffs:

Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s companyMeta employee gets dark about horror of working there as jobs bloodbath looms: 'I tend to cry in the shower'Meta moves 7,000 workers into AI roles ahead of job cuts
(DBN)

Which Retail Jobs Are Most Threatened by AI Replacements?
(DBN)

Standard Chartered to cut almost 8,000 jobs as AI use escalatesAI replaces 'lower-value human capital', StanChart CEO says
(DBN)

Ikea layoff "Grown Bit Too Complex": Ikea To Cut 850 Jobs At Parent Company
(DBN)

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Education:

Can colleges still deliver in the age of AI? One Ivy League school is investing $30 million in internships
(DBN)

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Agribusiness:

Agricultural impacts emerge after Del Monte bankruptcy filing
(DBN)

China to Buy $17 Billion in US Farm Goods Annually
(DBN)

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Crypto:

Prime Trust estate demands $970M in digital assets, cash from Swan in bankruptcy courtSwan Bitcoin Hit With Nearly $1 Billion Lawsuit Over Prime Trust Collapse
(DBN)

Bitcoin ATM operator announces first quarter loss of $9.5 million, files for bankruptcy Bitcoin Depot Bankruptcy Shows Crypto ATMs Lost Their Retail Bet
(DBN)

Investors Flocking to Super-Anonymous Cryptocurrency Used for the Sketchiest Stuff Imaginable
(DBN)

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Transit:

Busiest US commuter rail system to resume operations as deal reached to end strike
(DBN)

New York governor pleads for remote work during massive rail strike: ‘regular commuters who can work from home … please do so’
(DBN)

Long Island Rail Road strike creates manic Monday commute as negotiators return to the table
(DBN)

Trump and New York Gov. Kathy Hochul trade blame on the Long Island Rail Road strike
(DBN)

Here’s What the L.I.R.R. Workers Want, and What They Make Hundreds of picketing LIRR workers reap $100K-plus overtime hauls: ‘System is so distorted’
(DBN)

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Prediction Markets:

If You Used Insider Knowledge to Score Big on Polymarket, You May Now Be in Huge Trouble
(DBN)

‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets
(DBN)

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Software:

AI isn’t eating software. It’s sorting it
(DBN)

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Healthcare:

Generosity pours in for Long Island ALS families fighting ‘bankruptcy disease’
(DBN)

Medical Care Delays for Approval Persist, Despite Insurers’ Promises
(DBN)

Ebola may be spreading faster than first thought, WHO doctor warns
(DBN)

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Private Credit:

A Proposal to Save Private Credit (Sort Of)
(DBN)

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Golf:

How LIV Golf plans to stay alive
(DBN)

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Assisted Living:

Bankruptcy trustee accuses Lahasky, affiliates of conspiracy in nursing home chain collapse
(DBN)

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Utilities:

NextEra, Dominion announce merger to create U.S. power behemoth
(DBN)

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Non-Profits:

Creditors meet in federal bankruptcy court as Newcap continues to wind down operations
(DBN)

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Trucking:

Filing Alert: Broadway Ford Truck Sales Chapter 11
(DBN)

Filing Alert: Trans Express Lines Chapter 11
(DBN)

I Have Seen the Future of Physical AI in Dusty West Texas
(DBN)

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Economy:

Kevin Warsh to be sworn in as Federal Reserve chair on Friday Kevin Warsh's bond market bind
(DBN)

The Fed will have to raise interest rates in July to appease ‘bond vigilantes,’ Yardeni says
(DBN)

Fed survey shows household view of US economy worsening
(DBN)

Bond ructions gatecrash talks by G-7 on skewed world economy
(DBN)

Citi Says 5.5% May Be Next Focus for 30-Year Treasury Yield
(DBN)

Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War stokes currency fears
(DBN)

Reasons investors are selling government bonds from UK to US
(DBN)

Grocery inflation hits highest level since mid-2023
(DBN)

U.S. Household Debt Flattened At $18.8 Trillion In Q1 As Credit Card Balances Dipped
(DBN)

Credit Card Delinquencies, Charge-Offs Drop
(DBN)

10-year Treasury yield touches highest in a year, Japan’s 30-year yield rises to a record
(DBN)

Bond Selloff Stalls on Report of Progress in US-Iran Talks
(DBN)

A record number of 18-year-olds are set to graduate into an economy designed against them
(DBN)

LA’s $30 minimum wage for hospitality workers could be delayed
(DBN)

U.S. Corporate Distressed and Default Monitor: May 2026
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-May 2026
(DBN)

Homebuilder sentiment improves on late spring surge in demand
(DBN)

Developer of Kauai condos files for bankruptcy over ‘predatory lending agreement’
(DBN)

Filing Alert: Tai Cheung Realty Chapter 11
(DBN)

Casey Development signals more asset sales to come
(DBN)

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Municipalities:

On the Horizon: America’s Municipal Default Crisis
(DBN)

Ottawa County: bankruptcy on the table to pay for $33M lawsuit
(DBN)

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Oil/Gas:

Oil supplies ‘depleting very fast’, warns energy chief
(DBN)

US eases Russian oil sanctions in bid to contain Iran price surge
(DBN)

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Awards:

Biglaw’s Best In Bankruptcy
(DBN)

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Politics:

Tracking approval and key issuesTrump's economic polling is in freefallTrump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. ProspectsA Crack in the Polling Floor Puts Trump in New Territory
(DBN)

The Newest Oldest President
(DBN)

While Trump insisted the Iran war would end 'soon,' an account in his name was buying millions in oil, defense and gold
(DBN)

Trump Cashed In One Day After Handing Tech Firm Major Deal
(DBN)

Trump pivots to midterms, affordability after China summit as Iran war persists
(DBN)

Krugman: A Tale of Thucydides
(DBN)

Trump administration backs nuclear fusion — as a company tied to Trump invests in it
(DBN)

Trump drops $10 billion lawsuit against IRSFury as Trump gets $1.8 billion taxpayer-funded payout from his own government: 'Stunning act of corruption' DOJ’s Nearly $1.8 Billion Anti-Weaponization Fund Tests Limits of Federal Settlement PowerTrump drops IRS suit in exchange for apology, $1.776B fund for victims of government weaponization — and even Hunter Biden can ask for awardTrump's $1.7B IRS deal fuels impeachment talk and backlash
(DBN)

‘More real than real’: Why deep-fake political ads are fooling older Americans
(DBN)

Glaring admissions about Trump's Miami 'library' mean a judge must 'void' deal to 'line the pockets of a sitting president,' lawsuit says
(DBN)

Trump says he should’ve asked for ‘more’ of Intel when negotiating stake with CEOTrump’s new corporate playbook: Why the administration is taking equity stakes in companies like Intel
(DBN)

GOP senator praises party diversity by touting 4 Black House members — who are all leaving
(DBN)

Trump agency's 'our savior' post deemed 'deeply shocking and offensive' by critics
(DBN)

Georgia Republicans Brace for Bruising Senate Runoff in Must-Win Battleground
(DBN)

In Closed-Door Talks, U.S. Demands a Major Role in Greenland
(DBN)

A Republican You’ve Never Heard of Points the Way
(DBN)

MAGA star candidate has wild meltdown after being mocked
(DBN)

Jewish lawmakers face an explosion of antisemitism
(DBN)

Tillis opposes GOP's new reconciliation bill
(DBN)

How Zyn became all the rage inside Trumpworld—including with RFK Jr.
(DBN)

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Newspapers:

An Entire “Local Newspaper” Just Shut Down When All Its Reporters Were Busted as AI Fakes
(DBN)

A Miscarriage of Journalism at ‘The New York Times’
(DBN)

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Candles:

Michigan Handmade Candle Maker Files for Chapter 11 Bankruptcy
(DBN)

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Food/Beverage:

The drama inside Carl’s Jr.: Crushed by California costs, crime and competition
(DBN)

Filing Alert: Lena Brands Chapter 11
(DBN)

Pizza Hut’s AI system caused ‘cascading’ problems and $100M in damages, franchisee alleges in new suit
(DBN)

Cultimate Foods: Cultivated Meat Maker Files for Bankruptcy, Remains Hopeful About Future
(DBN)

This Italian chain went from 237 restaurants to 9, as its decline continues
(DBN)

Georgia-Based Award-Winning Craft Distillery and Spirits Company Files for Chapter 11 Bankruptcy
(DBN)

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Media:

Houston federal judge rejects Alex Jones' bankruptcy appeal in Infowars fightJudge rejects Alex Jones' bid to shield Infowars from potential Onion deal
(DBN)

Paramount Considering Yanking Some Control From Bari Weiss to Give To ‘More Experienced’ Executive: Report
(DBN)

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Fraud:

US prosecutors drop fraud charges against billionaire Indian businessman Gautam Adani
(DBN)

California Couple's $850,000 Life Savings Vanish in FBI Scam Nightmare — Risk Losing Family Home of 37 Years
(DBN)

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Religion:

Claims of Christian revival ‘laid to rest’ as churchgoing falls
(DBN)

Trump's Freedom 250 MAGA event hit with empty chairs as supporters leave early
(DBN)

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Defaults:

April Default Trends Mixed as Conflict with Iran Keeps Risks Elevated
(DBN)

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Rail:

As Brightline heads toward possible bankruptcy, what is its future?Brightline Senior Bonds May Recover Just 44 Cents
(DBN)

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Autos:

BHPH Lender Synergy Capital Auto Files For Bankruptcy
(DBN)

First Brands adds another operation to its ‘wind down’ list
(DBN)

Ford and Stellantis don’t agree on much, but they agreed to save Molding and Die from collapse
(DBN)

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Sports:

Inside the May 18 USA Cricket vs. ACE (MLC) bankruptcy hearing
(DBN)

World Cup ticket prices continue to plummet
(DBN)

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Tax:

Tax delinquency rates for federal employees and retirees are climbing
(DBN)

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Paper Products:

Filing Alert: Simpson Tacoma Kraft Company Chapter 11
(DBN)

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  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Baltimore archdiocese, abuse survivors $600M apart in bankruptcy fightChurch files new Chapter 11 bankruptcy reorganization plan
(DBN)

The Supreme Court’s Glyphosate Dilemma , A Ruling That Could Bankrupt Big Ag
(DBN)

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Bankruptcy Strategy:

Weighing Bankruptcy and Alternative Solutions for Distressed Situations: A Conversation With Harold Israel and Jack O’Connor
(DBN)

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Cross-Border:

3 Chapter 15 Rulings in 4 Days Reinforce the Integrity of U.S. Chapter 15 Administration
(DBN)

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Corporate Governance:

Delaware Court of Chancery Examines Duties of Blockholder Directors
(DBN)

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Merchant Cash Advance:

San Antonio builder uses new Texas law in suit over $2.5M in merchant cash advances
(DBN)

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Aviation:

Ryanair has plans for ‘armageddon’ scenario as CFO warns weaker European carriers may not survive jet fuel crunchRyanair suspends guidance after surge in jet fuel price
(DBN)

Airline Prepares for ‘Armageddon’
(DBN)

Spirit Airlines apologizes to all the Americans who can’t afford any summer vacation flights as it shuts downMore airlines could follow Spirit into bankruptcy due to the Iran war fuel crisis, Ryanair exec saysAfter Spirit Airlines collapse, budget fliers face a summer of pricier tickets
(DBN)

Europe's most outspoken airline CEO has a bumper bonus on the table
(DBN)

Shanghai-bound Delta flight forced to divert to Seattle over disruptive passenger — stranding travelers overnight
(DBN)

British firm vying to build next Red Arrows jets collapses
(DBN)

British Airways seeks up to £10mn from Heathrow after baggage system chaos
(DBN)

Another low-cost airline files for bankruptcy protection
(DBN)

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Tech:

The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
(DBN)

How Elon Musk and Sam Altman went from besties to bitter rivals
(DBN)

Altman, OpenAI beat Musk in landmark AI trialJury throws out Elon Musk’s lawsuit against OpenAI and Sam Altman in less than two hoursMusk slams Altman trial verdict as a 'technicality,' vows to appeal
(DBN)

Elon Musk’s xAI promised staff $420 for their tax returns, hasn’t paid
(DBN)

Elon Musk compares his company’s work to that of Jesus
(DBN)

SpaceX IPO Will Add Another Musk Stock. It’s a Problem for Tesla
(DBN)

Ex-Google CEO Can Barely Get A Word Out About AI As He’s Booed And Heckled
(DBN)

60+ MAGA allies tell Trump to vet AI before release
(DBN)

Tech Workers, Long Treated Like Aristocracy, Are Now Human Waste
(DBN)

Washington 911 call center first to use AI in U.S.
(DBN)

TikTok was set to pay $1B in 2024 over kids privacy breaches – years before DOJ’s sweetheart $400M deal: sources
(DBN)

Barnes & Noble CEO backs selling AI-written books in storesWhy the CEO of Barnes & Noble would support selling AI-written books in stores
(DBN)

AI’s Relentless Boom Mints 19 New Billionaires
(DBN)

A VC's viral tweet has people debating if $500K in San Francisco means you're destined for the 'permanent underclass'
(DBN)

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Retailing:

PetSmart rival ranked number 1 in customer service collapses into chapter 11 bankruptcy
(DBN)

West Marine Files for Chapter 11 BankruptcyFort Lauderdale Boating Staple West Marine Sinks Into Chapter 11 As Leases Swamp Chain
(DBN)

Court Approves Saks Global’s Settlement With Simon Property
(DBN)

Once-popular mall retailer for teens, tweens making massive comeback
(DBN)

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Private Credit:

Fitch Ratings’ U.S. Private Credit Default Rate Hits a High of 6.0% in April 2026
(DBN)

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Celebs:

Shakira Is Found Not Guilty of Tax Fraud in SpainShakira Wins $64 Million Refund in Spanish Tax Case: ‘There Was Never Any Fraud’
(DBN)

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Plastics:

Filing Alert: American Tool & Mold Chapter 11
(DBN)

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Climate:

Fast-moving wind-driven fire explodes outside Los AngelesThousands ordered to evacuate as Simi Valley fire threatens homes in South California
(DBN)

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Banking:

FDIC: Top depositors led 2023 runs at failed regional banks
(DBN)

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Sovereigns:

Preferred Creditor Status and the Development Paradox: Making Creditor Seniority Work for African Sovereign Borrowers in Debt Crisis
(DBN)

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UK:

Personal insolvencies in England and Wales up 7% annually in April
(DBN)

Who Pays When Utility Managements Screw Up?
(DBN)

Shelter at your own risk: A costly reminder for insolvency practitioners
(DBN)

Seven-year ban for director who transferred almost £200k from insolvent business to new company
(DBN)

Small firms ‘strangled to death’ over late payments
(DBN)

Bank of England does not need to hike interest rates, says IMF — it may even need to cut
(DBN)

UK plans to relax key banking rules set up after 2008 financial crisis
(DBN)

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EU:

Under Trump Pressure, EU Eyes Deal To End Trade Standoff
(DBN)

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Ireland:

‘Judges know what people are going through’: Appeal court president on bankruptcy, AI and disruption
(DBN)

Paddy McKillen jnr launches fresh challenge to ‘hotly-disputed’ bankruptcy case
(DBN)

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MENA:

Why UAE is emerging as a global hub for restructuring and special situations investing
(DBN)

Why America Can’t Walk Away from the Gulf Economies
(DBN)

Iran Civilians Learn Assault Rifle Basics To Fend Off US
(DBN)

Iran's new offer is insufficient, risks war resumption: senior U.S. officialTrump warns Iran "clock is ticking" until U.S. launches harder strikesTrump says he’s postponing ‘scheduled attack of Iran tomorrow’ at Middle East leaders’ requestUS refueling aircraft to stay at Ben-Gurion Airport until the end of 2027 - report
(DBN)

Extremist Jewish settlers eye Gaza
(DBN)

Iran stockpiles oil on ageing tankers anchored in the Gulf
(DBN)

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China:

Evergrande liquidators seek $8.4 billion from PwC, accusing it of negligent audits
(DBN)

Fake lawyers, scientists, chefs and punters: meet the ‘white monkeys’ paid to make Chinese businesses look global
(DBN)

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Russia:

The cracks in the Putin edifice
(DBN)

Zelenskyy claims a ‘significant’ number of Russian regions are in a state of bankruptcy
(DBN)

Ukraine’s Long-Range Strikes Cut Russian Oil Refining by 10%; Wells Forced to Shut Down, Zelensky Says
(DBN)

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Spain:

Is Antonio Banderas in bankruptcy? Actor speaks out on his alleged financial ruin
(DBN)

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Bhutan:

New Insolvency Bill to tackle NPL issues
(DBN)

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