October 6, 2026

The Daily Bankruptcy News

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Law:

Private Equity Blocked From Buying Stakes in Tennessee Law Firms
(DBN)

Biglaw Partner Pay Has Officially Gone Major League
(DBN)

Perfectionism Doesn’t Make Better Lawyers. It Can Hold Them Back
(DBN)

Law School In The Age Of AI: Rethinking It From The Ground Up
(DBN)

Legal hiring continues to increase, despite slowdown across broader economy, new government data shows
(DBN)

Dave Grohl Dedicates ‘My Hero’ To Jack Smith, Wears Iowa Hawkeyes Shirt To Really Twist The Knife
(DBN)

Sullivan & Cromwell Nabs Ashurst, McGuireWoods Appellate Chairs
(DBN)

West Virginia College of Law Names Four Law Dean Finalists
(DBN)

Lawyer allegedly shares e-filing password with disgruntled client; chaos ensues
(DBN)

Chicago Cubs win in federal court against neighboring bar that sold tickets to watch games
(DBN)

Dmitri Mehlhorn: Trump Could Run in '28 and Serve Third Term, Because Who Would Enforce the Constitution?
(DBN)

How Tanya Zuckerbrot lost her $40M diet empire to one troll, and the six year fight for justice
(DBN)

Cornell student who tipped off police to sick frat chats rips school response • Lawyer for ‘Cornell 7’ defendant calls for AG James to step down from probe after Facebook post sparks ‘impartiality’ questions • 'Cornell 7' frat bro claims he was too wasted to consent to sex with accuser: records • New Phone Call Shows Jane Doe Told Frat Brother They Committed ‘Gang Rape’ • Cornell building vandalized amid uproar over the university's handling of rape allegations • Cornell faculty prepare no-confidence vote against administration over handling of alleged sexual assault case • Hundreds protest at Cornell, call for expulsion of frat members after rape report • Cornell University building sprayed with graffiti blasting school's response to gang rape complaint
(DBN)

Kash Patel Fires ‘Whistleblower’ For MAGA Pod Hits, Gets Sued • Kash Patel put a ring on girlfriend with SWAT protection
(DBN)

Woman sues Trump administration after being shot five times by immigration agent • Coast Guard Returns Fire on US-Mexico Border as Hundreds of Troops Pour Into Rio Grande Valley
(DBN)

DOJ may 'run out the clock' unless court forces out plans for feds at polls, lawsuit warns
(DBN)

Blanche defends DOJ’s plan to send 1,000 monitors to polls on Election Day
(DBN)

Christa Pike’s lawyer calls for death row sentence to be thrown out after ‘tortuous’ failed execution • The Brutality of Lethal Injection Is Unfathomable
(DBN)

Lindsay Clancy’s retired parents got more than $1 million from over 31,000 strangers in 11 days — here’s where the money goes
(DBN)

Denver DNA analyst's false evidence affected over 1,000 cases, including sex crimes — costing the state $11 million and depriving survivors of justice
(DBN)

Tierra Walker’s Death Was Preventable. The Conservative Legal Movement Made It Predictable
(DBN)

Bullied high schooler’s cause of death revealed by coroner after horrific final moment caught on camera
(DBN)

Wife shot husband with his own 9 mm to 'show him a lesson' on gun safety: Police
(DBN)

Former news anchor is headed to prison after launching lethal Halloween attack on her mom
(DBN)

Cop's son calls daddy after allegedly driving 91 mph, mowing down 2 people on e-bikes with his Toyota Camry before dialing 911 — and then walks free on $1M bond
(DBN)

Girl hit by school bus while crossing street, family was denied driveway drop-offs: Suit
(DBN)

Man tells 911 'why I kill my family' before line goes silent
(DBN)

Trump approves US Army’s first execution by firing squad since World War II
(DBN)

A prominent dressage trainer shot a belligerent student—and now maintains that he’s the real victim.
(DBN)

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Judges:

Dispute Over Trustee’s Authority to Reclaim Fees From Jackson Walker LLP Stalls in Texas Bankruptcy Court
(DBN)

Justice Alito Says He Has a Hunch Who Leaked the Dobbs Report • Sam Alito Rings In The New Term By Telling Fox News He Knows Who Leaked Dobbs
(DBN)

Justice Alito frets over future of US Supreme Court
(DBN)

US supreme court hears big oil’s bid to block climate damage lawsuits • Justices appear unconvinced of oil companies’ bid to quash climate suits • Supreme Court risks deadlock in blockbuster climate case
(DBN)

Appeals court pauses fired federal prosecutor’s reinstatement
(DBN)

Appeals court to hear lawsuit against RFK Jr. vaccine moves
(DBN)

Chen Supreme Court Argument Marked Rare Chance for Associate
(DBN)

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Wall Street:

Stock futures rise as Treasury yields turn lower
(DBN)

Wall Street is booming. Surging yields could shake things up
(DBN)

Wall Street Eyes Record Bonuses as Profit Heads Past $90 Billion
(DBN)

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Layoffs:

airBaltic cutting up to 700 jobs in bankruptcy restructuring
(DBN)

When Robots Replace Staff: California’s New AI Layoff Disclosures
(DBN)

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Tourism:

Tour guides lose business as DC.'s reputation and landscape change under Trump
(DBN)

'Mind-boggling': The US is the only major country losing visitors, says travel chief — as China's foreign entries jump 20%
(DBN)

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Ride Hailing:

Elon Musk Admits Why Tesla Robotaxis Can’t Be Trusted at Night
(DBN)

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Education:

Highlands charter schools file for federal bankruptcy amid $186M dispute • Highlands Charter files for bankruptcy after audit finds ‘wasteful’ spending • Beleaguered Sacramento adult charter school files for bankruptcy • Highlands bankruptcy leaves long-term funding and school future uncertain
(DBN)

The college with the highest first-year retention rate in every state
(DBN)

School book bans hit record high with nearly 12,000 removals, study finds
(DBN)

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Crypto:

Crypto super PAC to back candidates in 32 House races
(DBN)

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Cannabis:

From THC gummies to cannabis seltzers, a federal ban could upend a $28-billion industry
(DBN)

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Retailing:

Retail bankruptcies 2026: the biggest brands filing this year
(DBN)

Leslie's Poolmart Filed for Bankruptcy and Is Closing 76 Stores. But Its CEO Says It's 'Here to Stay'
(DBN)

Can thrift shops save us from Shein?
(DBN)

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Theme Parks:

Innocent people are coming off the ride with permanent brain damage: Six Flags slapped with fresh lawsuits about 'X2' roller coaster
(DBN)

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Tax:

Zelinsky: Why New York’s Pied-à-Terre Tax Is Unconstitutional
(DBN)

Wilbur Ross, Steve Wynn Sue Over New York Pied-a-Terre Tax
(DBN)

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Consumer Finance:

Prime Day Shoppers Warned of Buy Now, Pay Later Risks
(DBN)

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Credit Reporting:

Equifax Agrees to $100M Settlement Over Credit Reporting Errors
(DBN)

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Economy:

US services sector activity slows in September; price pressures mount • Hobbled by tariffs, higher fuel costs
(DBN)

US Yields Fall From 2002 High as Oil Dips, Bessent Vows On Debt
(DBN)

SpaceX stock climbs highest since June, returning Musk to trillionaire
(DBN)

Hormuz gridlock risks global food crisis, International Chamber of Commerce chief says
(DBN)

MAGAnomics is starting to look uncomfortably like Bidenomics
(DBN)

Trump demands 1% rates because the US has the 'best credit in the world' — the Fed hiked rates anyway. So who's right?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Inflation Adjusted House Prices 3.8% Below 2022 Peak
(DBN)

South Carolina Leads Nation in Foreclosure Rate; Georgia Also Faces Elevated Distress
(DBN)

Bank Repossessions Jump 42% as Mortgage Distress Grows
(DBN)

Banks seize 42% more homes as Americans fall behind on mortgages
(DBN)

Hundreds of Wren Kitchen customers in Connecticut get relief after sudden bankruptcy
(DBN)

Sixth Circuit Revives Tax Foreclosure Claims, Says Michigan Tolling Rules Apply
(DBN)

California condo owners hit with surprise $26K HOA assessment for emergency roof repairs
(DBN)

Fox host presses Kevin Hassett on 7.28% mortgage rates, highest in 3 years. His answer: Firms are borrowing instead of maybe lending to homeowners
(DBN)

Oheka Castle facing Bankruptcy Auction Sale
(DBN)

Bankrupt West Palm Beach Condo Sells For $14 Million
(DBN)

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Municipalities:

Overspent and under-enrolled: State fiscal crisis experts issue severe warning to LAUSD
(DBN)

Late fees almost half of Chicago’s red-light camera revenue in 2025
(DBN)

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Oil/Gas:

US shale executives have no idea when the oil market will go off a cliff
(DBN)

Diesel prices to stay high in 2027 to prevent overwhelming refineries: Goldman
(DBN)

The Fossil Fuel Turning Point
(DBN)

Brent Once Again Toiling Around $100 Mark
(DBN)

Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
(DBN)

Trump to issue order expanding access to tax-exempt diesel fuel, sources say
(DBN)

How JD Vance tried to ease diesel pain as the GOP faces midterm woes
(DBN)

Oil stockpiles are ‘scarily thin’, warns Saudi energy boss
(DBN)

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Politics:

Tracking approval and key issues • Donald Trump humiliation deepens as bored Ohio rallygoers yawn and struggle to stay awake • Three-Time Trump Voter Tells Newsmax That President Isn’t Putting America First • Trump approval at record low; Hispanic voters sour on Republicans, Reuters/Ipsos poll finds
(DBN)

Trump Blames Ukraine, Not His War In Iran For Rising Gas Prices
(DBN)

Trump uses anti-transgender slur to attack South Carolina Senate nominee
(DBN)

Donald Trump calls for arrest of reporters over Ohio rally coverage
(DBN)

Krugman: The Trump Administration is a Cesspit of Corruption
(DBN)

Trump Totally Botches the Rally Details in Attack On NYT Report • Trump Griped Fox News Is Blowing Off His Rallies. Here’s What The Numbers Show
(DBN)

‘A five-alarm fire’ confronts President Trump in red-state October blitz
(DBN)

JD Vance Claims That Taxpayer-Funded Ads Urging Americans to ‘Love’ Trump ‘Are Not Partisan’ • Trump says MAGA Inc. PAC will pay for controversial TV ads that government funded
(DBN)

More Americans Identify as Democrats Since 2009
(DBN)

Bernie Bashes Billionaires Who Run World
(DBN)

Ken Paxton Says DC 'Controls' His Campaign in Shocking Audio • Mass confusion as Ken Paxton ad shows MAGA candidate tearing down missing child flyer • Paxton raises $18M in third quarter • The price tag on the Ken Paxton rescue mission has Republicans panicking
(DBN)

Democrats add 6 more House races to 'Red to Blue' seat flipping list
(DBN)

Democrats are taking big chunks of GOP voters in key Senate races, polls show
(DBN)

A five-alarm fire confronts President Trump in red-state October blitz
(DBN)

Crockett says she supports 'all Democrats': 'Yes, that includes James Talarico'
(DBN)

Republicans Face First Senate Loss in 94 Years in Deeply Red Kansas
(DBN)

Green Beret leads ‘double haters’ in mission to blow up midterms
(DBN)

Trump Flat Out Declares 'Voting in America is CORRUPT'
(DBN)

Karoline Leavitt Joining Fox News
(DBN)

Trump WH Refusing to Allow Politico on Air Force One
(DBN)

GOP Senator Threatens to Reveal Trump’s Phone Number If He Doxes Him
(DBN)

This High-Profile Campaign May Be the Ugliest in the Country
(DBN)

GOP senators, blindsided by Hegseth, demand notice, transparency • Tillis calls Hegseth vote his 'biggest regret'
(DBN)

Gen Z is warming to socialism. But they’re still not sure what it means.
(DBN)

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Climate:

Canadian winters threaten to freeze Europe
(DBN)

Supreme Court's new term kicks off with blockbuster climate change case • Supreme Court sounds wary of state-based climate change suits against oil producers
(DBN)

Super El Niño is here. What's so super about it?
(DBN)

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Sports:

LIV Golf secures funding from BC Partners Credit to support restructuring • Filing in LIV Golf bankruptcy case features $300M investment from BC Partners • LIV Golf, BC Partners file restructuring support agreement in bankruptcy case • LIV Readies for Next Phase of Bankruptcy As Court Proceedings Ramp Up • LIV Golf Heads Back to Court as Bryson DeChambeau’s Agency Disputes $1.2M Bankruptcy Claim • LIV Golf Star Niemann Hints at Exit Amid Bankruptcy Turmoil
(DBN)

LeBron’s Polymarket deal may not break NBA rules, but it raises uncomfortable questions
(DBN)

From $27 Million Contract To Bankruptcy: Bernie Kosar’s Stunning Financial Story
(DBN)


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Healthcare:

Pennsylvania measles cases rise to 1,004 as outbreak spreads • New York Gov. Hochul issues state of emergency over measles cases
(DBN)

KFF Health Tracking Poll: Health Care Issues in the Lead-Up to the 2026 Midterm Election 
(DBN)

Trump administration announces new additions to hospital price transparency regulations • FTC Warns Hospitals That Incomplete Pricing Could Trigger Consumer-Protection Scrutiny
(DBN)

Nashville hospital admits 4 patients got the wrong drug — 1 was left paralyzed. Tennessee caps 1 part of their payouts at $1M
(DBN)

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Autos:

Lucid’s Q3 deliveries fall 6.7% as EV maker cuts production to align with demand
(DBN)

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  New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Safe Harbors:

Supreme Court Won’t Hear Madoff Safe Harbor Bankruptcy Suit
(DBN)

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Mass Torts:

Judge Rejects Oakland Catholic Diocese Bankruptcy Plan After Years of Litigation
(DBN)

L’Oréal Taps Advisers to Explore Unloading Chemical-Related Liabilities
(DBN)

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Aviation:

British Airways flight to Chicago drops 28,000 feet, returns to London
(DBN)

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Food/Beverage:

Oprah-backed True Food Kitchen files for bankruptcy, blaming management turnover and strategy shifts • Oprah-backed True Food Kitchen files for bankruptcy after shuttering a dozen restaurants • Plans Sale Process
(DBN)

'Shark Tank' beverage brand, Teaspressa, files Chapter 11 bankruptcy
(DBN)

Florida's orange juice industry is in dire straits and officials are fighting to save it from collapse
(DBN)

How quitting drinking can upend marriages and friendships
(DBN)

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Tech:

Exit interviews with defectors from OpenAI, Anthropic, and DeepMind.
(DBN)

AI researcher warns ‘we are racing to build and grow our own adversary’ in NYC hearing
(DBN)

It’s more likely than not humanity loses control: Former AI insiders testify safety fixes may be duct tape that will fall off later
(DBN)

Anthropic reports user to the police
(DBN)

Meta insiders convinced Muse is going to end up leaking the bank accounts and email archives they’re vacuuming up from users
(DBN)

Meta is kicking gay bars off its apps while allowing videos of graphic child abuse
(DBN)

Nokia CEO says data centers would be built ‘2x faster’ without supply constraints
(DBN)

People are using AI chatbots to help decide who to vote for
(DBN)

Sam Altman Says the World Is Going to Have to Suffer for the Glories of AI
(DBN)

Amazon Warns Local Communities to Stop Defying Its Massive AI Data Centers
(DBN)

Who Owns The Rules For An AI Agent?
(DBN)

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Prediction Markets:

A Prediction Market About the Past? Sure, Why Not!
(DBN)

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Fraud:

New York City Sues Law Firm for Alleged Racketeering in Personal Injury Fraud Scheme
(DBN)

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims
(DBN)

Scammers are convincing Americans to buy gold bars and hand them over to fake federal agents — and $6.5 million is already gone
(DBN)

Ex-CFO gets 2-year prison sentence for wire fraud
(DBN)

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Assisted Living:

A disaster: Thousands of Californian retirees face eviction as insurer axes assisted living benefits.
(DBN)

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Utilities:

The Senate’s new permitting plan could change how America gets energy for a generation
(DBN)

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Personal Finance:

Here's the stark reality of a $1.5 million retirement in America — 2026 edition
(DBN)

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Electricity:

Short-term future of Pleasants Power secured while bankruptcy case continues forward
(DBN)

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UK:

The creditor bloodbath in UK telecoms
(DBN)

Ex-Prince Andrew takes legal action against police over birthday arrest
(DBN)

UK on ‘thin ice’ warns ex-central banker
(DBN)

Mortgage rates soar to 6%
(DBN)

Dramatic increase in consumers borrowing to pay bills
(DBN)

Over half of people not confident they can afford comfortable retirement
(DBN)

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EU:

Euro slides to 17-month low, boosting dollar’s standing
(DBN)

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Canada:

‘Luxury’ Muskoka rehab clinic forced into bankruptcy
(DBN)

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Russia:

Ukraine Says Using AI Robot Guns To Shoot Down New Russian Drones
(DBN)

200 Russians in ‘Plague’ Lockdown Panic as Researcher Dies After Lab Accident • Russian plague lab researcher was allegedly infected after simple test tube mistake — now 3 hospitals are locked down • Trump offers U.S. help to Russia after plague death; WHO assesses the situation as low risk
(DBN)

NATO Drafts Plan to Defeat a Russian Attack With Drones and AI
(DBN)

Desperate Putin unleashes ‘General Armageddon’ who called for war to ‘go nuclear’ after years in exile over Wagner coup
(DBN)

Drones buzz overhead in Ukraine's hellish kill zone • Trapped in a Kill Zone, a Ukrainian City Is Beginning to Starve
(DBN)

Putin admits weakness as Ukraine claims 51% hit to Russia’s oil refining capacity
(DBN)

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MENA:

Sailors reportedly offered $25K per trip to move oil out of the Persian Gulf amid strikes, drone attacks
(DBN)

Standard Chartered Says Hormuz Oil Flows Are Far From Normal
(DBN)

Yemen forces reclaim key Red Sea port city from Iran-backed Houthis in major counteroffensive
(DBN)

Soldiers and families press Army leaders after deadly Iranian drone strike • Soldiers seriously wounded in Iranian drone strike say the military's medical system failed them
(DBN)

Pentagon officials’ heated debates foreshadowed problems in Iran
(DBN)

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India:

Little room for ‘giving and taking’: India’s finance minister confirms trade impasse with the U.S.
(DBN)

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France:

French student protests leave hundreds injured, thousands arrested
(DBN)

____________

India:

Debtor's Property Transfers Intended To Defeat Or Delay Creditors Amounted To Act Of Insolvency: Andhra Pradesh High Court
(DBN)

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