January 7, 2026

The Daily Bankruptcy News

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Law:

McGlinchey Announces Firm Wind-DownMcGlinchey Stafford, one of Louisiana’s most prominent law firms, is dissolvingLeaders of Louisiana legal powerhouse McGlinchey Stafford vote to dissolve firm
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The Law Firms Benefiting the Most From the AI Boom
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Legal Tech's Predictions for Artificial Intelligence in 2026
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Merger of these 2 law firms creates ‘mid-market legal powerhouse’
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Where are they now? Legal Opportunity Scholarship recipients share impact on their careers
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Trump may have blown up Maduro case in private chat with Morning Joe: legal expertMaduro’s arrest places these Supreme Court rulings in the spotlight
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DOJ worried that Trump’s broad pardons may end up backfiring spectacularly: reportTrump may have accidentally pardoned the Jan. 6 pipe bomber
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Texas Republican Wants Legal Status For Some Undocumented MigrantsHilton removing hotel that sparked DHS accusations from its systemsHomeland Security & Hilton Introduce Us To Third Amendment Jawboning!DHS Launches ‘Largest Immigration Operation Ever’ in MinnesotaMajor Carnival Canceled Over Fears of ICE Raids
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Trump critic, 22, arrested on camera after speaking out against Maduro capture
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Dan Bongino Tears Into Matt Gaetz After Declaring War Against MAGA ‘Life-Losers’
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Less Than 1% of the Epstein Files Have Been Released, DOJ Says
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OnlyFans models and social media influencers are claiming half of coveted US visas meant for movie stars
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There Is a Sickness Eating Away at American Democracy
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Opening arguments to begin in trial of former Uvalde school officer accused of inaction during shootingOfficer did nothing until it was too late during Uvalde school shooting, prosecutor says
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New report shows a 25% drop in deaths of on-duty law enforcement officers
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Police officer admits accepting bribes from defense attorney in DUI cases in widespread scandal
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Brown, MIT Professor Shooting Suspect Mentions Trump in Video Confessional
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NC teacher’s alleged killer stalked separate family for over a year: ‘It was like a horror movie’
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Judges:

Bankruptcy Judgeship Position, Northern District of Georgia at Atlanta
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The Hon. Thomas L. Ambro Fellowship 2026 Summer Scholarship
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Trump judge sets off ethics concerns with unorthodox movesCourt watchers fear Emil Bove’s ‘level of allegiance’ to Trump
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Medical groups' challenge to Kennedy-backed vaccine policies can proceed, US judge rules
(DBN)

Did Justice Kagan debilitate the administrative state?
(DBN)

Amy Coney Barrett: Life On The Supreme Court Is An ‘Arranged Marriage’
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Judge refuses to toss assault count against NJ Democrat over legislative immunity
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Abortion pill ban is unconstitutional, Wyoming’s top court rules
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Judge convicted of obstructing federal immigration agents resigns
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Wall Street:

Stock futures are little changed after S&P 500, Dow rally to fresh highs
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Layoffs:

Amazon’s $100 Billion AI Focus Comes with 2,400 Layoffs in Seattle HQ
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Microsoft could lay off up to 22,000 people in January
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GM kills $102M factory, 1,700 layoffs trigger Midwest town blackout
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Fraud:

Trump says 'fraud investigation of California has begun'—but offers no detailsMassive Fraud Allegations in California: What We Know
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Fraud attacks expected to ramp up in AI ‘perfect storm’
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Owner of defunct Oregon sneaker company Zadeh Kicks, sentenced for defrauding customers of $65M
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Trump administration freezes $10 billion in child, family aid to 5 states over fraud concerns
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Healthcare:

Derby’s Rock Regional Hospital eviction process cleared to proceed, judge decidesJudge rules to uphold Derby hospital’s lease terminationDerby's Rock Regional Hospital tells employees it will close Wednesday morning
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Montgomery County approves $7.5M for Jackson Hospital
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Trump Admin’s Child Vaccine Changes Compared to Other Wealthy Countries
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Why RFK’s Denmark-style vaccine recommendations won’t work in the US
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Flu reaches highest level in the US in 25 years
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Trump tells Republicans to be ‘flexible’ on abortion restrictions to get a health care deal
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Florida’s Surgeon General Is Now Peddling Fake Water
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Tech:

The data center rebellion is here, and it’s reshaping the political landscape
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X users tell Grok to undress women and girls in photos. It’s saying yesMusk threatened with investigation of AI that undressed Princess of Wales
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Autos:

First Brands Creditors Allege Utah Financier Paid Kickbacks for ‘Usurious’ Deals
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Light Vehicle Sales Increased to 16.0 Million SAAR in December
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Sailing:

An iconic sailing company declares bankruptcy and shuts down after 46 years
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Student Debt:

 Debt Collection Begins for Borrowers
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Non-Profits:

Bankruptcy hits nonprofits in San Luis Obispo, Santa Barbara counties
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Sports:

Is the second division team Austria Klagenfurt at risk of bankruptcy?
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Agribusiness:

Anderson Hay urges judge to treat farmers it owes equally
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Consumer Protection:

Why Judge Jackson Is Wrong: The CFPB Cannot Be Lawfully Funded When the Federal Reserve Has No Profits
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Furniture:

Furniture frustration in Hampton Roads, across U.S.
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Education:

Indianapolis' Martin University moving toward closure amid money woes
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Economy:

Fed should deliver big rate cuts this year, Miran says
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Tests of Fed’s Independence Intensify as Trump Seeks to Reshape Institution
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ISM® Manufacturing index Decreased to 47.9% in December; "Lowest Reading of 2025"
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Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief
(DBN)

Former Fed Chair Issues Major Debt Warning
(DBN)

2026 To See Weaker Job Growth and Higher Inflation, Warns Leading Economist
(DBN)

Trump says Modi unhappy over tariffs as India cuts Russian oil
(DBN)

Gold inches closer to record high as geopolitical risks, Fed cut bets boost demand
(DBN)

Bill To ‘Eliminate’ H-1B Visa Program Introduced in Congress
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Movers relocated to these states the most in 2025, U-Haul report suggests
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Living with family isn't a last resort anymore. It's the plan.
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US Debt Clock
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World Debt Clock
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Real Estate:

NYC fights sale of bankrupt rentals after Mamdani blasts living conditionsNew York City Moves to Block Bankruptcy Sale of Rent-Regulated ApartmentsNYC fights sale of bankrupt rentals after Mamdani blasts living conditions
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Asking Rents Decline Year-over-year
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ICE: "Annual home price growth ended 2025 at just +0.7%"
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Housing January 5th Weekly Update: Inventory Down 2.2% Week-over-week
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"Mortgage Rates Holding at 2-Month Low"
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Mortgage demand drops nearly 10% to end 2025, despite lower interest rates
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The Housing Bubble and Mortgage Debt as a Percent of GDP
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Why smaller houses can lead to happier lives
(DBN)

Americans are changing where they’re moving. Here’s how that could affect commercial real estate
(DBN)

Section 8 cuts would send shockwaves through the housing market
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This Utah luxury golf community is bankrupt and headed toward sale — with a fight over how soon
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Nate Paul's Lake Travis marina could exit bankruptcy this week
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Detroit: Design firm seeks to stop Leland House from getting loan for expenses while firm is still owed money
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Oil/Gas:

Gas Prices Predicted To Hit Five-Year Low in 2026
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Municipalities:

What’s next for a bill that would let Maine counties declare bankruptcy
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Motorcycles:

Premium motorcycle dealer group files for Chapter 11A Big Utah Motorcycle Dealer Group Is Latest Dealership To File for Chapter 11 Bankruptcy
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Politics:

Donald Trump’s Approval Rating Changes Direction for First Time in MonthsTrump’s Approval Rating With Republicans Slips to Second Term Low: Poll
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Calls for Trump’s Impeachment Gain Momentum Amid Fallout Over Venezuela Operation
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Trump imitates trans weightlifter breezing through reps: ‘It’s crazy’
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Trump in bizarre 'cancel elections' rant as he warns 'I will be impeached'
(DBN)

DOJ says millions of Epstein files have yet to be releasedEpstein Files Might Not Be Released in Full Until After Trump Leaves OfficeBondi accused of Epstein files cover-up after blowing off deadlines
(DBN)

Jimmy Kimmel Takes Donald Trump ‘Cognitive Test’
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Republicans to Rebel Against Donald Trump’s Vetoes: Reports
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2 GOP senators caution Hegseth on punishing Kelly
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Hegseth accused of 'taking a sledgehammer' to religious freedom in military
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Lawmakers battle over how — and whether — Jan. 6 should be rememberedMike Johnson Gives Update On Jan 6 PlaqueFifth anniversary of the Jan. 6 attack brings fresh division to the Capitol
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QAnon shaman reveals why he no longer supports Trump
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Dems use Venezuela to hammer affordability issues at home
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Trump says his Greenland fixation is about national security. Europeans are skepticalWhy Trump wants Greenland — and what makes it so important for national security European leaders vow to defend Greenland as Stephen Miller threatens US takeover'Greenland belongs to its people': European leaders unite over Trump threatsEuropean leaders urge Trump to respect Greenland’s bordersAlarm Spreads Among U.S. Allies Over Trump’s Demand for GreenlandStephen Miller Asserts U.S. Has Right to Take GreenlandNATO Leaders Issue Defiant New Greenland Message to Trump’s USFunding to Be Blocked For Attack on Greenland Under New ProposalMiller: ‘Nobody’s going to fight the United States militarily’ over GreenlandTrump weighs using U.S. military to acquire Greenland: White HouseRubio Tells Lawmakers Trump Aims to Buy Greenland, Downplays Military ActionRepublican Breaks With Trump Over Greenland Remarks: ‘Not an Asset’
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Greene hopes Americans 'push back' on Venezuelan regime change
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Grassley, Durbin protest exclusion from Venezuela briefing, given ‘law enforcement’ justification
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Oil and gas industry spent $250 million on elections that produced the current US government—and a potential Venezuela windfall
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Latin America silent as Trump menaces Cuba, Colombia and MexicoTrump’s actions in Venezuela have Latin America on edge
(DBN)

The one line that Trump’s foreign policy still hasn’t crossed
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Tim Walz’s 17-Month Roller Coaster: A Sudden Rise, Then a ‘Tough Fight’
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George Conway Changes Home and Party to Run for CongressGeorge Conway Thinks The Best Way To Troll Trump Is From Congress
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Mamdani tenant adviser once called home ownership ‘weapon of white supremacy’Zohran Mamdani stands by radical ‘housing justice’ appointee — as Trump admin warns NYC ‘should be on notice’
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Johnson faces growing unrest from House GOP centrists
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Rep. Doug LaMalfa of California dies, reducing GOP’s narrow control of the House to 218-213
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The front-runner
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Assisted Living:

Genie 3 formally emerges as bidder to beat in Genesis bankruptcy
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Credit Cards:

Consumer groups attack card settlement
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Entertainment:

WBD once again rejects Paramount offer in favor of Netflix deal
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  New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (33 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Bankruptcy Filings Soar in 2025
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From 7-Eleven to GameStop: Which brands won't make it through 2026?
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Distressed Investing:

2026 Distressed Outlook: Heated Debtor-Creditor Rivalry, More Change-of-Control Restructuring Due to Failed LMEs, Private Credit Workouts
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Mass Torts:

New Orleans archbishop apologizes to abuse survivors as settlement takes effect
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Baltimore Archdiocese and survivors will continue mediation over bankruptcy in 2026
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Bankruptcy Alternatives:

The Problem Of Ancillary ABC Proceedings For Multi-State Assets: A Uniform ABC Act Solution
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D&O:

D&O Insurance Coverage in a Crypto Mining Bankruptcy
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Aviation:

Icy cold snap grips swathes of Europe, disrupting travel
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KLM running out of de-icing fluid for planes in Amsterdam
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When You Can’t Get Home From the Caribbean and Nobody Feels Sorry for You
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Alaska Airlines pilot who safely landed plane after panel blew out says Boeing unfairly blamed him
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Food/Beverage:

Compass Coffee files for bankruptcy amid lawsuits, lagging downtown salesCompass Coffee reveals stalking horse bidder in bankruptcyCompass Coffee, hit hard by the pandemic and its aftermath, declares bankruptcy
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Troubled whiskey and vodka company Heritage Distilling closes
(DBN)

Popular whiskey brand files for bankruptcy as industry struggles
(DBN)

Taste of Belgium files for bankruptcyRemaining restaurants to stay openCincinnati brunch staple files Chapter 11 bankruptcy, operations to continue as normal
(DBN)

Cultivated Meat Company Admits Debts of $224M in Bankruptcy Proceedings
(DBN)

Jack in the Box enters its 75th anniversary year facing a lot of questions
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Good riddance to a tough year
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Trucking:

Heavy Truck Sales Collapsed in Q4; Down 32.5% Year-over-year in December
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Retailing:

Vendor Lawsuits Piled Up at Saks Global Ahead of Bankruptcy ReportsHow a Saks Global bankruptcy would hit fashion brands
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Marshalls store closures spark questions in Texas. Here's what we know
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Cuba:

Trump team puts a target on Cuba, with threats and oil blockadeTrump: "Cuba looks like it's going down," "I don't think we need to do anything"
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UK:

Credit card borrowing rises at fastest annual rate in two years
(DBN)

US billionaires fleeing Trump snap up cut-price London mansions
(DBN)

Fed-up King Charles proclaimed ‘I’m not a bank’ after Prince Harry ‘swore at him and demanded funds’: Book
(DBN)

UK productivity puzzle: Zombie firms fail, but jobs remain scarce
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EU:

Trump’s shake-up of the old world order sends shockwaves through Europe
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Venezuela:

Venezuela’s Machado gushes over Trump while calling for new electionsTrump Says Millions of Barrels of Venezuelan Oil Will be Turned Over to US Trump says Venezuela to give up to 50 million barrels of oil to U.S. Trump might have his hubris checked in Venezuela AI, Outdated Visuals Fuel Misinformation After Maduro CaptureWhat do Venezuelans want for their country? What Americans think about the situation in Venezuela, according to recent polls Chaos as gunfire and explosions heard near Venezuela's presidential palaceFear grips Caracas as a new wave of repression is unleashed in VenezuelaInterim Venezuelan president names Maduro’s torture czar as head of securityCivil war fears grow as heavily armed far-left militias take over streets of CaracasPaul: Lindsey Graham was behind Trump’s decision to topple MaduroMaduro’s motorcycle thugs go door to door in hunt for Trump supportersVenezuela Braces for Economic Collapse From U.S. BlockadeStephen Miller: US 'running Venezuela by definition' World is less safe after US action in Venezuela, says UN Human Rights OfficeKaroline Leavitt: We are going to make sure Venezuela aligns with the interests of the United StatesFetterman: Dems should admit action beyond 'harsh language' succeeded in VenezuelaDon't expect troops on the ground, Johnson says after Venezuela briefingTrump says he's prepared to send more US troops to Venezuela if interim president doesn't cooperate‘We set the terms and conditions’: Stephen Miller asserts US authority over VenezuelaGOP fears Trump’s foray into nation-building in VenezuelaTrump’s DOJ quietly backs off key accusation against MaduroOil tanker chased by US amid Russian Navy reports
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Mexico:

After Venezuela, Trump’s cartel threats put Mexico on edge
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Colombia:

Colombian President Ready To 'Take Up Arms' In Face Of Trump Threats
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China:

How the ‘Donroe Doctrine’ Reinforces Xi’s Vision of Power in Asia
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Goldman forecasts 20% gains for China stocks in 2026
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Chinese economy not taking cue from Xi, Beijing turns to roots of the problem — debt-ridden provinces
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MENA:

Protesters clash with security forces in Tehran’s Grand Bazaar
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With rifles and defiance, Hamas clings to remnants of Gaza rule
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Lindsey Graham Fires Assassination Warning at Iran’s Ayatollahs
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Israel clears final hurdle to start settlement construction that would cut the West Bank in two
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Russia:

Russia slams 'neocolonial threats'
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How Russia is benefiting from Trump’s Venezuelan oil plan
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Russia-Ukraine: Zelensky Discussing US Troops In Ukraine With TrumpEuropean leaders hail US backstop to protect postwar Ukraine
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India:

Avoidance Provisions Under Insolvency Code Are Restorative, Not Punitive: NCLT Kochi
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