November 5, 2026

The Daily Bankruptcy News

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Law:

Weil Gotshal is a canary in the legal coal mine • Gibson Dunn Could Roll Out The Welcome Mat For Up To 120 Weil Lawyers • Former Weil Partners Lawyer Up As The Firm’s Wind-Down Turns Into A Fight Over What’s Left • Weil Meet Again. Don’t Know Where, Don’t Know When… But Probably Kirkland In A Month • Weil partners land at Goodwin, Quinn Emanuel as wind-down looms • Weil’s Former Partners Hire Counsel as the Wind-Down Turns to Who Gets Paid • Weil's shock collapse: What's happening to current and future trainees?
(DBN)

A&O Shearman invests $1.1bn in AI
(DBN)

Bar Pass Rates Drop Across the Nation
(DBN)

For Bar Exam – Grades Matter More Than Course Selection
(DBN)

Dentons Reshuffles Global Leadership As BigLaw Focuses On Cross-Border Efficiency
(DBN)

The Impact of AI on Legal Practices: Navigating Challenges and Opportunities in Modern Law
(DBN)

Rising Discrimination Lawsuits Challenge Major US Law Firms: A Call for Industry Reform
(DBN)

Holland & Hart Faces Malpractice Allegations Over $23 Million Estate Planning Dispute in Colorado
(DBN)

Biglaw Firms That Surrendered To Trump Should Get Ready For The Congressional Probes • Democrats Gain Power to Probe Trump Big Law Deals in Election
(DBN)

Sidley Attorney Fired After Open Letter To Biglaw Elected To Congress
(DBN)

Maryland Federal Judge Orders $1 Million Forfeiture in Tom Goldstein Mortgage Fraud Case
(DBN)

The Lawyer Holding Big Tech Accountable by ‘Beating the Tar Out of Them’ in Court
(DBN)

Kim Kardashian aims to retake bar exam • 'Trying my hardest'
(DBN)

Letitia James Appoints Outside Lawyer to Lead Cornell Case • Former Federal Prosecutor to Investigate Cornell Sexual Assault Claims
(DBN)

NRA sues Dallas lawyer for nearly 'destroying the organization'
(DBN)

Judge scolds ICE cruelty for arresting man he just ordered be released • Mullin says deportations will continue
(DBN)

3 dead, including suspect, and 2 deputies critically injured in Washington state shooting
(DBN)

Abortion resurfaces as a decisive issue amid blue wave
(DBN)

Against AI-shaming
(DBN)

Dad throws his two young kids from parking garage before jumping in murder-suicide
(DBN)

Retired NYPD cop allegedly threatened to behead Fla. pol over mosque support: ‘Off with his head’
(DBN)

NYC home invaders in Amazon uniforms zip-tied woman, 89, held son at gunpoint for $24
(DBN)

Roommate of 4 students killed in Idaho says harassment forced her to move repeatedly
(DBN)

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Judges:

Conservative US Supreme Court justices Thomas and Alito in spotlight after Democratic landslide • Justice Alito Will Not Retire From Supreme Court Immediately, Despite Election Outcome • DeSantis Says Trump's Chances of Replacing SCOTUS Justices Are 'Zero' After Democrats' Midterm Victory
(DBN)

Midterms could fuel calls for Justice Alito to retire
(DBN)

Trump’s Power to Shape Supreme Court Doused by Democratic Rout
(DBN)

Democrats Need to Talk About Supreme Court Expansion Now
(DBN)

Federal Judge Takes Stand in Her Own Courtroom in Unprecedented Death Threat Case
(DBN)

Texas elects first woman, openly LGBTQ+ person to lead state Supreme Court
(DBN)

The end of Trump’s most potent legacy
(DBN)

Cursing at a judge in court isn't enough for jail time, Pa. Supreme Court rules
(DBN)

Texas Judicial Power Shifts to Democrats in Massive Blue Wave
(DBN)

Trump DOJ’s 'invasion' hype backfires as judge threatens to punish officials behind it
(DBN)

GOP judge wins NYC seat for first time in more than 100 years: political insiders
(DBN)

Trial opens for suspect whose multiple email threats include 'skinning' federal judge
(DBN)

Lawyers’ AI use doesn’t justify slashing $115K fee award, appellate court says
(DBN)

Judiciary efforts to create rules for AI stalling amid concerns
(DBN)

Former judge accused of shooting gun toward unwanted trick-or-treaters
(DBN)

Trump-Pardoned J6er Who Threatened To Shoot Pelosi Now Charged With Threatening To Execute Judges
(DBN)

Conservative US Supreme Court justices Thomas and Alito in spotlight after Democratic landslide
(DBN)

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Wall Street:

Nasdaq futures fall as chip stocks come under pressure amid U.S. midterms fallout
(DBN)

World shares up post-midterms, AI stocks sink
(DBN)

Dow has best post-midterm elections day in 44 years as Democrats take control of Congress
(DBN)

Trump Bizarrely Takes Credit for Dow Jones Boom on Day After His Titanic Defeat
(DBN)

Here are the market's biggest winners and losers from the 'blunami' midterm election
(DBN)

Blue wave sweeps markets back towards normality
(DBN)

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Layoffs:

U.S. Employers Announce 43,994 Job Cuts as October Hiring Plans Rise • October Layoffs at Three-Year Low; Seasonal Hiring Plans Up 26%
(DBN)

California jobs bloodbath as major strawberry grower announces farm closures, hundreds of layoffs
(DBN)

Northpointe Bank cuts 338 jobs in mortgage unit sale
(DBN)

10 industries experiencing the greatest number of layoffs in 2026 & 10 with the fewest
(DBN)

Sherritt: Temporarily layoff of nearly half of Canadian workforce
(DBN)

Google extends voluntary buyout offers to employees in several countries
(DBN)

Northfield-based Medline laying off 304 workers
(DBN)

Canva conducts mass layoffs, over 1200 workers potentially impacted
(DBN)

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Tech:

CoreWeave Bonds Hit New Lows as Texas Data Centers in Crosshairs
(DBN)

Character.AI Bankruptcy Raises Fears Over Chat Records
(DBN)

Sam Altman Makes Weird Tweet After Bruising Midterm Results
(DBN)

Panicked Sam Altman Reverses Position as Walls Close In, Says People Should Be Able to Own RAM
(DBN)

Blood banks hit by cyber attacks
(DBN)

The internet is 'dying': AI is eating it and obliterating these business models
(DBN)

Truth Social Stock Crashes to All-Time Low After MAGA's Massive Defeat
(DBN)

Elon Musk in Real Trouble After Humiliating Defeat
(DBN)

Sam Altman Crows That AI Is Now Smarter Than the Brightest Human Scientists
(DBN)

Data centers got a slap in the face at the ballot box. These key votes show how • The Results Are In: Voters Hate Data Centers • How AI Backlash Shaped the 2026 Midterms • The midterm election results are redrawing the map for AI data centers
(DBN)

This graph of data center spending compared to all other construction will give you chills
(DBN)

The Tech Industry Went All in on Trump, and Now They’re in Serious Danger Now That Americans Have Turned on Him
(DBN)

'AI earthquake': Democrats eye a Silicon Valley reckoning
(DBN)

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Food/Beverage:

SoCal Outback Steakhouse franchisee files for bankruptcy, citing California's labor costs • Outback steps in to save dozens of steakhouses after franchise owner files for bankruptcy
(DBN)

Beloved fast-food burger franchise files for bankruptcy amid plummeting revenue
(DBN)

Checkers and Rally's Franchisee Files Chapter 11 Bankruptcy
(DBN)

Wendy's closures spread across 7 states as bankrupt franchisee rejects a last-minute change
(DBN)

McDonald’s foot traffic falls as more customers struggle with the high cost of living
(DBN)

Kroger and Albertsons Face Off in Court Over Failed $24.6 Billion Merger
(DBN)

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Crypto:

I knew his parents: Investor scammed by 'Crypto King' testifies during trial after handing over $150K+
(DBN)

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Personal Finance:

The retirees who took a reverse mortgage say the part nobody warned them about came years later
(DBN)

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Fitness:

FitLab Blames Bankruptcy on Loss of Nike Partnership, Trump Tariffs
(DBN)

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Economy:

Krugman: It Wasn’t (Just) the Economy, Stupid
(DBN)

Study: Consumers' inability to cover surprise emergencies on the rise
(DBN)

Job postings jumped in September, potentially a good sign for anyone seeking employment
(DBN)

The U.S. economy is barreling ahead - but there's one big problem
(DBN)

The Dollar Is Reasserting Itself as the King of Global Finance
(DBN)

Gold gains as oil, dollar, Treasury yields tumble after U.S. midterms
(DBN)

U.S. Services Growth Slows as Prices Stay High and Backlogs Rise
(DBN)

3 signs cash-strapped consumers are nearing a 'spend-pocalypse' that would hurt the economy
(DBN)

Economic Growth Alone Won’t Solve the US Debt Problem
(DBN)

ADP says businesses added 86,000 jobs in October. Labor market shows small signs of improvement.
(DBN)

Here’s how much you need to earn to be middle class in every US state, ranked
(DBN)

These big companies moved to red Texas. Now the state's gone blue.
(DBN)

U.S. Trade Deficit Narrowed Slightly in September
(DBN)

Democrats' big election win revives a difficult Social Security question: Who pays?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage Applications Decrease in Latest MBA Weekly Survey; Down 19% Year-over-year
(DBN)

Mortgage rates drop for the third straight week, but homebuyers are still leaving the market
(DBN)

Florida approves sweeping property-tax breaks — but New Yorkers planning a move face a catch
(DBN)

NY: Filing Alert: 1583 58 Street Chapter 11
(DBN)

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Oil/Gas:

Oil prices are in freefall now that the Democratic sweep is 'rewriting the Iran playbook'
(DBN)

Crude oil price tumbles aren't helping diesel
(DBN)

Trump diesel deal with Russia falters as US fuel supplies hit 20-year low
(DBN)

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Healthcare:

Roseland Community Hospital files for Chapter 11 bankruptcy
(DBN)

TN: Filing Alert: Sterilization Services of Tennessee Chapter 11
(DBN)

Three things that explain what's changing with Obamacare in 2027
(DBN)

Hospitals say Trump administration's upcoming rules are worse than Medicaid cuts and will force layoffs: 'There's no need to cut any more'
(DBN)

A million people could gain health insurance in Texas after Democrats’ shocking win
(DBN)

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Utilities:

Puerto Rico Governor Seeks Power Bill Relief
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump and Republicans Begin Pointing Fingers After Sweeping Midterms Losses • Inside Team Trump’s Historic Collapse in the 2026 Midterm Elections • ‘I’m 100 Percent at War with Trump’: MAGA Revolts After Midterms Wipeout • The Republican missteps that laid the groundwork for a historic midterm rebuke • There’s No Modern Precedent for This Democratic Tsunami • Labash: Turnin’ Out The Lights On MAGA • Exit Polls: Trump Is Why Republicans Lost • Vance blames Iran conflict for GOP midterm defeats: "The reason we lost is the war" • Trump Doubles Down on Iran War After Being Confronted About Vance’s Rebuke • JD Vance’s Blunt Rebuke of Trump’s Iran War Stuns Critics and Divides MAGA • Don Jr. Co-Signs JD Vance’s Pointed Attack on Iran War • Vance tosses Trump under the bus in a bid to keep 2028 hope alive • DeSantis calls midterm bloodbath an ‘extinction-level event for Republicans’ • Trump faces legacy reckoning after sweeping Democratic midterm wins • Seething MAGA fans blame 'traitor scum' Fox News host after midterm wipeout • Republicans’ 2028 Presidential Map Just Blew Up • The blue tsunami sparks joy, hope and mockery in Europe • Trump’s last chapter: Besieged by courts and Congress • Trump boast puts Noem back in Dems' sights as they threaten to haul her in under oath • Election Deniers Not Contesting Their Massive Losses • Ron DeSantis Goes Scorched Earth on the State of the GOP After Midterms Disaster • Trump Straight Up Says JD Vance ‘Maybe’ Won’t Run For President in 2028 • Karl Rove Says Midterms ‘Surprised’ Him, Blames Ken Paxton for Texas Rout • Fox’s Laura Ingraham Fumes at GOP ‘Losing Everything’ Over Iran • Katie Miller blames MAGA moms for midterms massacre • Murdoch paper goes nuclear on Trump over jaw-dropping defeat • Megyn Kelly goes scorched earth on Trump in furious meltdown • House Republicans swing from shock to fury • White House staffers play the blame game as purge begins • Romney counts reasons GOP lost: 'Bad policy, bad character' • Jesse Watters: 'No Blue Wave' • ‘Rupert does not want to be with a loser’: Murdoch’s media empire cools on Trump
(DBN)

Trump’s Whole Theory of Power Is in Ruins • Donald Trump Is Bad at Politics
(DBN)

How do Americans feel about the midterm results? It depends on how much money they make.
(DBN)

US midterms: Big money hits voter wall
(DBN)

Democrats Prep DOJ Subpoenas, Oversight Tools With Majority Win • House Judiciary Committee begins hiring investigators day after Dem midterm blowout
(DBN)

Progressive Senator Demands ‘Bold Agenda’ Before Backing Schumer
(DBN)

Hakeem Jeffries poised to become first Black House speaker • Jeffries taunts Speaker Johnson for saying polls were wrong
(DBN)

Aaron Ford flips Nevada governorship, becoming state’s first Black governor
(DBN)

Mississippi U.S. Senate election live results 2026: Colom defies odds in close race • Mississippi has an unexpectedly close Senate race but no recount procedure 
(DBN)

Texas state rep calls on Abbott to curb Hinojosa’s power before inauguration
(DBN)

CBS News exit polls show how Democrats won in the 2026 midterm elections
(DBN)

Melat Kiros makes history as first woman from Gen Z elected to Congress
(DBN)

That Vaunted Republican Money Advantage? It Went Poof.
(DBN)

Speaker Johnson won't seek reelection as House Republican leader
(DBN)

'One of the biggest upsets in history' flagged as seat never held by Dem goes blue
(DBN)

Talarico says his Texas Senate win sends message to Elon Musk: "Texas is not for sale" • Elon Musk Loses Texas Senate Race • Voters Set $400 Million of Elon Musk’s Money on Fire • Tens of billions wiped off Elon Musk’s net worth after his backing of Republicans in US midterm elections
(DBN)

How big money lost the 2026 midterms
(DBN)

These Midterm Elections Wins Could Mint a New Generation of Democratic Stars
(DBN)

Trump asking advisers if Hegseth should stay after midterm losses, sources say • Hegseth’s Wife Was Paid By Firm That Worked With Major Defense Contractor: Rpt • Pete Hegseth stares down likely impeachment vote and he's not the only one • Pete Hegseth hit with Pentagon lawsuit because of Elon Musk
(DBN)

Trump ‘Loves the Guy’: Sergio Gor Is In Line for a Top Job Post-Midterms
(DBN)

Nithya Raman Wins Los Angeles Mayor's Race, Defeating Karen Bass
(DBN)

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Cruise Lines:

Law Firm Looking into Villa Vie Residences Over Odyssey Cabin Sales
(DBN)

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Assisted Living:

Genesis closes sale, paving way for final bankruptcy approval
(DBN)

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Student Debt:

Blue Wave’s Impact: Navigating the Path to Federal Student Loan Reforms for Law Students
(DBN)

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Social Media:

Filing Alert: WeAre8 Chapter 11
(DBN)

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Privacy:

23andMe to pay $6 million to settle allegations it mishandled customers' genetic data
(DBN)

____________

Furniture:

Mattress Firm Franchisee D&A Mattress Files Chapter 11
(DBN)

____________

Consumer Protection:

CFPB’s Latest Report Signals Dramatic Shift In Regulatory Priorities
(DBN)

What’s the Democrats’ Legislative Agenda in Financial Regulation and Consumer Protection?
(DBN)

____________

Festivals:

Phoenix Pride Bankruptcy Plan Faces a December Hearing After a Smaller Festival
(DBN)

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Fintech:

Warren Poised To Lead Senate Banking As FinTechs Weigh Launch Risks
(DBN)

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Telecom:

Dish Bankruptcy Mediation Extended Two Weeks
(DBN)

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Mining:

Trafigura-led creditors take 70% loss on Congo miner’s debt
(DBN)

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  New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Utah business bankruptcies climbing fast
(DBN)

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Bankruptcy Rules:

Changes to Bankruptcy Rules, Forms, and Fees Effective December 1, 2026
(DBN)

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Mass Torts:

3M stock soars following $7.35 billion 'forever chemicals' settlement
(DBN)

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Avoidance Actions:

Party’s Over? Not So Fast - Party City Vendors Face Bankruptcy Preference Claims
(DBN)

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Aviation:

Fast-growing budget airline launches 6 nonstop flights to orphaned Spirit routes — including international hotspots
(DBN)

Deadly Learjet crash has elites reconsidering private air travel
(DBN)

SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?
(DBN)

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Climate:

Extreme weather is already a huge threat to homeowners. Which U.S. states are most at risk?
(DBN)

Brazil publishes first global ‘roadmap’ for phasing out fossil fuels
(DBN)

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Education:

Poverty is becoming less of an indicator of student performance in DC., report says
(DBN)

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Retailing:

Popular children’s clothing chain reportedly preparing for bankruptcy, may close all stores
(DBN)

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Information Technology:

NV: Filing Alert: ITP Holdings Chapter 11
(DBN)

____________

Sports:

LIV Golf May Have Just Lost Its Last Way Out • Golf-LIV turned professional golf into an 'arms race', says McIlroy • LIV Golf relaunch collapses as key investor withdraws: reports • LIV Golf could be liquidated as soon as Thursday's bankruptcy hearing • Golf 'game, set and match': Australia casts doubt on LIV return amid financial uncertainty • Why LIV Golf’s collapse could be a boon for this European country • LIV Golf's aim was to 'destroy' us, says European tour CEO • Rory McIlroy welcomes golf reset after LIV Golf 'false economy' • Rory McIlroy makes damning claim about what LIV officials were saying at Augusta
(DBN)

USA Cricket bankruptcy exit plan: New directors, increased ACE funding
(DBN)

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Private Credit:

Hedge Funds Flag Growing Private Credit Risks Amid Rising Rates
(DBN)

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Tax:

Billionaire Wealth Tax Falters As Voters Split On Taxing The Rich
(DBN)

Billionaires aren't off the hook for higher taxes, even if they did dodge California's wealth tax
(DBN)

NYC mayor Zohran Mamdani's pied-à-terre tax just got a big win in court
(DBN)

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Comic Books:

New Owners Withdraw Objection To Diamond Bankruptcy Settlement
(DBN)

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Celebs:

‘Breaking Bad’ star Dean Norris’ secret divorce revealed amid $1M bankruptcy filing
(DBN)

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Pulp:

How Much Is Left for Mercer International Holders as Chapter 11 Nears?
(DBN)

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Summer Camps:

Camp Mystic owners lose control of key bankruptcy decisions
(DBN)

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Movie Theaters:

AMC CEO Adam Aron declares the chain recovered as a record quarter buries years of bankruptcy talk
(DBN)

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UK:

The corporate raider at the centre of Poundland’s woes
(DBN)

A Pyrrhic victory? Unrecognized foreign judgments and English bankruptcy petitions: the Court of Appeal’s decision on remittal in Drelle
(DBN)

Court of Appeal overturns bankruptcy order based on Russian judgment, citing evidence of judicial bias
(DBN)

Court of Appeal rules sanctions regulator cannot dictate how administrators distribute assets or make provision for a sanctioned creditor
(DBN)

39-year-old travel agency shuts down in bankruptcy, cancels all trips
(DBN)

Trio of hires in Aon plc’s Insolvency and Restructuring team
(DBN)

Third quarter rise in East Midlands Insolvency-related activity - R3
(DBN)

Mortgage rates hit three-year high
(DBN)

UK Officials Said AI Would Add £400 Billion to the Economy. That Figure Mainly Came From Google
(DBN)

‘It’s just vape shops, nail shops, charity shops’: can anything save the British high street?
(DBN)

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EU:

Paul Krugman backs temporary rent caps to curb housing speculation in Europe
(DBN)

Eurozone Producer Prices Rise 11.1% in September as Energy Jumps
(DBN)

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France:

Mayer Brown bolsters Restructuring & Insolvency capability with partner appointment Caroline Texier
(DBN)

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MENA:

Iran turns to guerrilla tactics in bid to reassert grip on Strait of Hormuz • Four tankers destroyed by naval mines in Strait of Hormuz, Iran's IRGC says
(DBN)

Netanyahu rivals seize on Democrats' sweep of US Congress, seeking his ouster • Israel’s President Set to Start Talks on Who Can Form a Government
(DBN)

Tehran gloats as Republicans take a beating
(DBN)

For Israelis, U.S. Midterms Show How Far Their Star Has Fallen in America
(DBN)

Facing Return to War, More Iranians Want a Nuclear Missile • Iran is slowly crossing a red line that seems unthinkable: Tehran looks more and more likely to want nuclear weapons
(DBN)

Russia deepened Iran support with missile launcher deal
(DBN)

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Austria:

Fallen Austrian property tycoon Benko pleads not guilty at third fraud trial
(DBN)

____________

Russia:

Nearly 5,400 Russian Companies Declared Bankrupt in First Nine Months of 2026
(DBN)

Russian personal bankruptcies fall 13.1% for first time since 2015
(DBN)

Ukraine's leader says Russian "insane attack" on aid center may have killed 70 people, pleads for air defenses
(DBN)

____________

Paraguay:

Paraguay's banking collapse exposes a trail of political ties that leads straight to the presidency • Ueno Bank Accounts Vanish Just Before Dawn in Shock Paraguay Shutdown
(DBN)

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Brazil:

How shareholders shape Brazilian restructurings despite limited statutory powers
(DBN)

Brazil Holds Interest Rate at 13.75%
(DBN)

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Australia:

Australia's oldest retailer David Jones enters administration as economic pressures mount • Australian department store chain enters administration after 188 years
(DBN)

Australia overtakes Mainland China for first time since 1Q21 as APAC mandates fall 22% QoQ in 3Q26
(DBN)

Australia increases interest rates to highest level in 18 years
(DBN)

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Argentina:

Trump’s Treasury extended Argentine leader Milei a $20 billion lifeline last year. Now economists warn of recession as think tank says about 32,300 Argentine businesses have closed on his watch
(DBN)

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