July 2, 2026

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click here
Search prior case summaries: Click here

Format For Mobile Device

Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Friday, July 3, 2026

 

 

Law:

Biglaw Firm Gets On Board With New Associate Salary Scale
(DBN)

Big Law Success Metrics Shift in Era of Free Agent Partners, AI
(DBN)

Kirkland’s $500 Million AI Bet Starts Pressuring Traditional Legal Jobs
(DBN)

Saul Ewing Expands its Bankruptcy & Restructuring Practice in New York With Partner Scott Fleischer
(DBN)

Smith Debnam Adds Taylor Gibbs to Creditors’ Rights Practice
(DBN)

Corporate Counsel Have Spoken: These Are The Law Firms They Love
(DBN)

AI-Proof Work: How One Big Law Firm's Trial School Trains Associates
(DBN)

Gibson Dunn Leads Bloomberg Law’s Big Law M&A Leaderboard for First Half of 2026
(DBN)

Ex-Clifford Chance Lawyers Fight Firm Over $5.8 Million in Pay
(DBN)

In-house lawyers urge firms to be more commercial
(DBN)

Hogan Lovells pumps NQ pay to £145,000
(DBN)

Lawyer's identity stolen and used to make threats
(DBN)

White & Case Employee Yanks Discrimination, Retaliation Claims
(DBN)

Ex-lawyer seeks bar reinstatement after US House primary win
(DBN)

When you get blasted by your own canon
(DBN)

After emergencies mar bar exam, New York State Bar Association aims to add new procedures
(DBN)

ICE’s arrest of nun heading to church fuels bipartisan backlash in South TexasTheodore Roosevelt, the 'melting pot' and the meaning of AmericaJudges sentence 7 more to prison over shooting outside Texas immigration detention centerMiller: Every Single Haitian Migrant Is Going Back To Haiti Under Trump‘Going back is practically death’
(DBN)

Former Trump White House counsel named interim dean of Florida International University College of Law
(DBN)

Former Biglaw Partner Says Trump’s Billion-Dollar Crypto Haul Is ‘The Greatest Onslaught Of Corruption In The History Of Mankind’
(DBN)

Kash Patel’s Late Stock Disclosure Raises STOCK Act Questions
(DBN)

US Justice Department sues Virginia, California over gun laws
(DBN)

Trump stonewalls paying Carroll despite SCOTUS telling him to kick rocks: FilingTrump says he will 'continue the fight' after Supreme Court declines to review Carroll abuse verdict
(DBN)

Professor Fired for Criticizing Charlie Kirk Reaches $1.9 Million Settlement
(DBN)

Judge dismisses gun-rights advocate Michael Cargill's bankruptcy over missing tax returns
(DBN)

First-term Trump lawyer torches president’s ‘onslaught of corruption’
(DBN)

Fresh information emerges in Nancy Guthrie kidnapping case
(DBN)

Man sentenced to 1 year in jail in death of Jewish protester during dueling rallies
(DBN)

Kissing daredevils in custody after scaling Empire State Building, getting engaged more than 1,400 feet over NYC
(DBN)

Florida woman claims cocaine found in her butt after arrest must’ve been from ‘intimate encounter’
(DBN)

Teen who had cellphone taken away beat wheelchair-bound mom to death with hammer: Cops
(DBN)

Man plowed into scooter rider, then 'made a U-turn' and hit him again: Police
(DBN)

Man choked teen and threw his phone in a lake because he walked through his backyard: Cops
(DBN)

16 children rescued from Ohio home were almost feral, authorities say
(DBN)

______________

Judges:

The sad inevitability of Justice Alito's birthright citizenship dissent
(DBN)

Justice Gorsuch’s Birthright Citizenship Dissent… Will Not Make Donald Trump Happy
(DBN)

Jackson, Thomas Offer Dueling History of Birthright Citizenship
(DBN)

Trump urges Congress to legislate restrictions on birthright citizenship
(DBN)

Three cheers for Barbara!
(DBN)

Breaking down the birthright-citizenship decision
(DBN)

Supreme Court checks Trump, but empowers the presidency
(DBN)

The 2025-26 term by the numbers
(DBN)

Chaos, long lines overwhelm LA.'s immigration courts, leading to default deportation orders
(DBN)

Trump selects newly confirmed federal judge for open seat on 5th Circuit
(DBN)

Chemerinsky: Supreme Court leaves many Second Amendment issues unresolved
(DBN)

US Postal Service cannot carry out Trump order on mail ballot delivery, judge rules
(DBN)

Judges smack down Trump admin rule change removing people from student loan forgiveness
(DBN)

______________

Wall Street:

 

Mega takeovers drive record $2.8tn in dealmaking
(DBN)

______________

Layoffs:

Tech, finance sectors losing 28,000 jobs monthly to AI
(DBN)

Tech accounts for nearly a third of US layoffs in H1: Challenger
(DBN)

CEO of $248 billion cybersecurity company says workers are about to face a 'Darwinian moment' thanks to AI: Evolve or get cut
(DBN)

Factories Attach Cameras to Workers, in Hopes of Replacing Them With Robots
(DBN)

I know how Gen Z can survive the 'jobpocalypse' because I built an AI company — in 2015
(DBN)

Cape Fear Valley Health cuts nearly 200 positions
(DBN)

The hospitals, health systems cutting jobs in 2026
(DBN)

Adventist Health lays off 132 workers amid 'centralization of roles'
(DBN)

Chicago: West Suburban hospital in Oak Park, Illinois sends permanent layoff notices to about 500 furloughed employees
(DBN)

______________

Religion:

In contrast with Trump, the first American pope plans a somber July Fourth
(DBN)

Rebel Catholic Group Consecrates 4 Bishops, Risking Break With VaticanVatican responds aggressively to society that defied pope, excommunicating its bishops
(DBN)

____________

Education:

Anonymous donations helped sustain Anna Maria College’s closure as its debts mountedAnna Maria bankruptcy highlights case of alleged broken promise to family
(DBN)

Midtown International School blames declining enrollment for financial woes, but avoids bankruptcy
(DBN)

Boys Are So Unprepared by the Education System That They’re Hitting High School Unable to Read Anything More Challenging That a Children’s Book
(DBN)

CA: Power is stripped from state schools superintendents in major education overhaul
(DBN)

Brown University Professor Horrified to Discover Largest AI Cheating Scandal in Ivy League History
(DBN)

NYC’s AI-powered private school’s second location guarantees students will graduate with million-dollar business
(DBN)

Texas makes Bible required reading in public schools. Is Florida next?
(DBN)

____________

Climate:

Climate change is starting to upend the financial system itself
(DBN)

Is Your Air Conditioning Killing People Thousands of Miles Away?
(DBN)

Scientists Just Found Something Very Disturbing About the AMOC Current Deep Below the Ocean
(DBN)

____________

Healthcare:

Jackson Hospital says it will not close on July 1
(DBN)

Shuttered Chicago hospital to lay off 500
(DBN)

How 3 hospitals on the brink of closure are fighting to stay open 
(DBN)

When 2 hospitals close: Atlanta's answer vs. Chicago's void
(DBN)

More states try to give patients relief from medical debt
(DBN)

If we want healthcare affordability, follow the money — not the blame
(DBN)

____________

Trucking:

California trucking business files for bankruptcy
(DBN)

____________

Crypto:

Husband loses $600K in bitcoin mining business: Family faces mounting debt and bankruptcy risk
(DBN)

____________

 

Economy:

June jobs report likely to show stable hiring, but economists see plenty of warning signs
(DBN)

How much will a 4th of July cookout cost this year? Americans prepare for most expensive July 4 celebration ever
(DBN)

Kevin Warsh vows ‘no changes’ to Fed independenceCan Kevin Warsh tame the Fed’s $7tn balance sheet?
(DBN)

‘Free for all’: Where markets are getting their Fed news as Warsh stays mum
(DBN)

‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says
(DBN)

America needs 3.8 million manufacturing workers. This CEO has a blueprint to find them
(DBN)

US opts not to renew Trump’s trade deal with Mexico and Canada
(DBN)

Trump’s contradictions mangle a complex history of US trade
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

A legal tug-of-war ends with the $130 million sale of Casa Encantada at auction
(DBN)

Besieged Marin investment network seeks bankruptcy shield
(DBN)

______________

Municipalities:

San Francisco Ranks as Worst-Run City in America, While Provo Takes Top Spot
(DBN)

City on the Edge — can San Francisco’s soul survive techno-capitalism?
(DBN)

Do You Live In the US City With the Most Financial Distress?
(DBN)

____________

Oil/Gas:

Gas giants use AI to raise prices, lawsuit says, another algorithmic hit to the cost of living
(DBN)

Multiple states installing new gas tax this week — as others plan to soon follow suit
(DBN)

____________

Politics:

Tracking approval and key issues
(DBN)

The Kids Aren’t Alright With MAGA
(DBN)

Trump Was Paid $10.7 Million for Amazon’s ‘Melania’ DocMelania Trump NFT earnings surge 28x in 2025 as First Lady rakes in nearly $17 million in total earnings, filing shows
(DBN)

Trump made billions from crypto. His fans didn't — now critics accuse him of 'disgusting' greed'We should all only hope for such great rates of return'
(DBN)

Does Trump Worry About Conflicts of Interest? ‘I Found Out That Nobody Cared.’
(DBN)

DOGE Cut Off Small Town America’s 250th Birthday Money
(DBN)

Trump mentions his DC construction projects almost every day
(DBN)

Trump sparks new renovation fears as mystery scaffolding erected around White House
(DBN)

After GOP Members Rebel, House Stalls Trump Agenda and Heads For Early Holiday RecessThe GOP’s dirty little secret about the SAVE America Act
(DBN)

America’s stillborn 250th birthdayAmerica at 250: Is the Experiment Failing?American Pride Falls to 25-Year Record Low
(DBN)

Federalist CEO suggests sterilizing foreign visitors after SCOTUS rulingStephen Miller floats wild idea after crushing SCOTUS ruling
(DBN)

Trump launches new bid in effort to rename Kennedy Center
(DBN)

Natalie Harp’s brother says Trump bond tied to search for a father figureTrump's glamorous blonde aide's daddy issues laid bare by brother amid POTUS 'infatuation'
(DBN)

Voters are angry with Washington, and other takeaways from the Colorado primaries
(DBN)

Young Republican Activists Are Turning Against Trump
(DBN)

The DSA’s Communist RevolutionGen Z socialist who ousted 15-term Colorado incumbent has cutting message for Hakeem Jeffries: ‘Dead serious’Meet Melat Kiros, the Democratic Socialist Who Won Colorado's Primary
(DBN)

'The old politics are gone': Steve Bannon on the Democratic socialist wave
(DBN)

Control of the Senate Is Up for Grabs, Times/Siena Polls Find
(DBN)

About a third of U.S. Democrats like political leaders who identify as democratic socialists
(DBN)

UN changes rule to avoid financial collapse‘Starvation diet’: The United Nations’ race to bankruptcy
(DBN)

____________

Private Equity:

How Semiliquid Private Equity Funds Will Handle Redemptions
(DBN)

____________

Tourism:

Transforming the cradle of the Confederacy
(DBN)

____________

Retailing:

Saks’ retail rebirth depends more on Gucci than Wall Street
(DBN)

JCPenney shoppers are snapping up amazing deals as iconic department store prepares to shutter across the US
(DBN)

Retailers are calling on AI to stop customer return fraud
(DBN)

____________

Media:

The Onion’s new parody of Alex Jones’ Infowars starts with $100,000 to Sandy Hook familiesTim Heidecker on The Onion's InfoWars and making fun of Alex Jones
(DBN)

____________

Private Credit:

What Medallia’s faceplant tells us about private credit
(DBN)

BlackRock’s head of troubled private credit fund to exit after losses
(DBN)

Private credit's 'math problem' points to yearslong liquidity backlog
(DBN)

The Sleep-Well-at-Night Approach to Private Credit
(DBN)

MSC Income Fund: The Private Credit Panic Has Gone Too Far; Time To Buy
(DBN)

Private Credit Is Enabling BNPL Adoption Despite Mounting Debt Concerns
(DBN)

Goldman's private credit fund bucks elevated redemption trend again
(DBN)

In a warning sign, analysis shows publicly traded credit funds are unprofitable
(DBN)

____________

Autos:

A Big Red Flag for Lucid -- Is it Speeding Toward Bankruptcy?
(DBN)

Credit unions tighten standards on 84-, 96-month auto loans
(DBN)

____________

Fraud:

SWFL advisor admits hiding assets in attorney’s account to avoid creditors as former clients try to recoup life savings
(DBN)

Frustration boils over at Jose Encarnacion bankruptcy hearing
(DBN)

____________

Summer Camps:

One year later, Camp Mystic flood horror still haunts Texas Hill Country
(DBN)

____________

Rail:

Brightline's July 1 Payment Looms as Restructuring Talks StallBrightline Approaches Critical Payment Deadline Without Turnaround Plan
(DBN)

____________

Celebs:

Cardi B Settles $110K Fee Fight With Tasha K For $60,000
(DBN)

____________

Television:

Filing Alert: DISH DBS Chapter 11Dish Satellite TV and Wireless Businesses File for Chapter 11 BankruptcyDISH bankruptcy filing puts numbers on who gets paid and who doesn’t — And a $2.4B fund only covers some of itEchoStar blames AT&T deal delay for Dish bankruptcy move
(DBN)

____________

Agribusiness:

‘A real farm crisis’: Illinois farm bankruptcies rise for third straight year
(DBN)

An Oval Office debate reveals Trump's capricious style of governingFarm Lobbyist Criticizes Trump in Oval Office Exchange
(DBN)

____________

Solar:

Venture Capitalists Disgusted by Solar Power Because It’s Generating Too Much Clean Electricity to Be Grossly Profitable
(DBN)

____________

  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Government weighs into ‘disturbing’ Christian Brothers bankruptcy
(DBN)

US supreme court rejects appeal from lawyer punished over effort to remove abusive priest
(DBN)

First Federal Complaint by Survivor of Rhode Island Clergy Sexual Abuse
(DBN)

Child sexual abuse civil suit bill stalled after 36-year senator's final amendment passes
(DBN)

____________

Property of the Estate:

Shared Facts Do Not Mean Shared Claims as Delaware Court Finds Certain D&O Claims Belong to Creditors, Not the Estate
(DBN)

____________

Aviation:

Spirit to sell Delta Air Lines its Atlanta gates, pending court approval
(DBN)

Detroit Metro Airport raises fees after Spirit Airlines bankruptcy and closure
(DBN)

____________

Tech:

TikTok to settle with teen plaintiff before California social media trial, law firm says
(DBN)

OpenAI proposes handing Trump administration 5% stake
(DBN)

California man with bipolar disorder says ChatGPT fueled delusions, led to self-harm in new lawsuit
(DBN)

AI business adoption reaches inflection point
(DBN)

Sam Altman: This is how we can make AI safe for everyone
(DBN)

White House accelerates plans for AI model standards
(DBN)

Tech companies are searching for signs that chatbots are conscious
(DBN)

‘We are screwed’: People near data centers dread heat wave pollution
(DBN)

Cisco is rolling out AI agents to every single one of its 90,000 employees
(DBN)

High-Yield Bond Market Now Top Choice for Data Center Financing; Lenders Warn of Mispriced Risk
(DBN)

AI’s Trillion-Dollar Debt Binge Fuels Century-Old Private Market
(DBN)

CEO Says He’ll Fire Any Employee Who Sends Him More AI Slop
(DBN)

Majority of Americans support banning social media for kids under 16
(DBN)

You Can Now Sound the Alarm on AI Behaving Badly
(DBN)

Thieves Are Absolutely Loving All of These New Data Center Projects
(DBN)

One rare bipartisan AI bill is moving through Congress. Here’s why it deserves to pass
(DBN)

Ford Picked AI Over People, Then Regretted It
(DBN)

Scientists Build Fully Synthetic Life Form That Can Eat and Reproduce
(DBN)

Claude Helped a Hacker Find a Way to Issue Tickets to Almost Every US Music Festival
(DBN)

Top AI Researchers Terrified of a “Chernobyl Moment”: a Mass Casualty Event, or Worse, That Turns the World Against AI Forever
(DBN)

Young San Franciscans hate AI: 'Like having dumb friend'
(DBN)

Google ordered to pay Klarna $2bn antitrust damages
(DBN)

____________

Software:

Software under scrutiny as market recalibrates
(DBN)

The ‘SaaS Apocalypse’ is Over, and AI Is Boosting the Super Software Expansion, Says Orlando Bravo at SuperReturn Berlin Conference
(DBN)

____________

Food/Beverage:

Did Red Lobster purposefully doom itself with the infamous Endless Shrimp deal?
(DBN)

Whiskey Barrel-Backed Loans Are Plummeting in Value With Americans Drinking Less
(DBN)

____________

Space:

NASA barrels ahead with moon base plans, doling out $600M in new contracts
(DBN)

SpaceX Investors Are Having Another Brutal Day
(DBN)

____________

UK:

TG Jones Ruling Tests Limits of Part 26A Cram-Down
(DBN)

BlueCrest warns UK is bad for business after losing £200mn tax battle
(DBN)

Navigating the waters of main contractor insolvency: A toolkit for lenders, investors and developers
(DBN)

TG Jones wins court approval to close up to 150 stores
(DBN)

HMRC’s clampdown on the corporate structure that saves City firms millions
(DBN)

Bank of England to push ahead with plan to limit hedge fund leverage
(DBN)

SRA charges two solicitors over Post Office scandal
(DBN)

____________

EU:

Europe’s airport queues are extremely long—and getting longer
(DBN)

____________

Canada:

Canadian insolvencies hit a 17-year high
(DBN)

____________

Russia:

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis
(DBN)

Russia hammers Kyiv with massive drone and missile strikes, killing 13
(DBN)

Paranoid Putin increases personal security to 800 officers
(DBN)

Russia’s top banker begs for Putin end to Ukraine war, issues stark warning: ‘Economy simply cannot survive’
(DBN)

____________

Ireland:

Court-ordered liquidations surged
(DBN)

____________

Austria:

Austrian Supreme Court upholds ex-billionaire Benko's bankruptcy fraud conviction
(DBN)

____________

MENA:

As the Pentagon stays quiet, AP reconstructs a US strike that killed over 100 Iranian children
(DBN)

Powerful Iranian clerics call for assassination of Trump, Netanyahu: ‘Send them to hell’
(DBN)

How the Iran War Ignited a Clash Between Trump and the Saudi Crown Prince
(DBN)

____________

Venezuela:

Nearly 50,000 unaccounted for in Venezuela after earthquake and continued aftershocksCaracas sky turns blood-red after Venezuela earthquakes
(DBN)

____________

India:

Supreme Court quashes Essel insolvency order over tribunal's use of fake, AI-generated precedentsSupreme Court Orders AI Policy After Fake Judgments Hit Insolvency CaseSC tears into AI-hallucinated judgments, sets aside NCLT insolvency order
(DBN)

India's private credit market doubles to $25 billion AUM in five years: Report
(DBN)

Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond default
(DBN)

RBI flags emerging fault lines in private credit market, calls for close monitoring
(DBN)

How state land authorities lost their bankruptcy leverage
(DBN)

IBBI seeks to streamline real estate insolvency regulations with focus on homebuyers
(DBN)

____________

Singapore:

A bankrupt cannot remove trustee simply because their relationship soured: High Court
(DBN)

Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default
(DBN)

____________

Japan:

Japan sees leap in bankruptcies triggered by weak yen
(DBN)

____________

Australia:

Fresh blow for Aussies caught up in $1.2billion super fund collapse
(DBN)

Christian Brothers granted pause in abuse victim payouts in Australia
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $75.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at (346) 899-8296. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2025