January 8, 2026

The Daily Bankruptcy News

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Law:

Legal Market Is Doing Great, Which Is How You Know You’re All About To Get Laid Off
(DBN)

Are law firms headed for a downturn? Billing rates may hold the key
(DBN)

Law Firm Profits May Begin to Wane in 2026
(DBN)

Big Law’s Capital Squeeze Sees Partners Pay Up, Firms Power On
(DBN)

Hogan Lovells elevates 28 to partnership ahead of Cadwalader merger
(DBN)

This Biglaw Firm Makes Equity Partners *Very* Happy Campers (And Rich!)
(DBN)

Judicial Notice (01.04.26): Sticky Situations
(DBN)

SDNY Lawyers Face Enhanced Document Scrutiny Amid “Epstein Effect” Demands
(DBN)

Prosecutors Seek to Use SCOTUS Journalist’s Remarks Against Him in Tax Evasion Trial
(DBN)

Bad Service, Lost Clients: What Restaurants Teach Us About Law Firm Client Service
(DBN)

The 2025 Outside Counsel Rankings: Top Law Firms By Type Of Organization
(DBN)

Law Firm Profits May Begin to Wane in 2026
(DBN)

Law Firms With Energy Practices Eye Oil Work From Venezuela
(DBN)

The Billable Hour Death Spiral: Navigating the Am Law 100 Profit Paradox
(DBN)

Midsize Firm Kicks Off The New Year By Announcing Plans To Close Its Doors
(DBN)

Texas Supreme Court Takes On Role As Law School Accreditor
(DBN)

Florida, Ohio Consider Dropping ABA After Texas Cuts Ties
(DBN)

AI Quietly Rewrites Professional Services Firms’ Talent Model
(DBN)

Minneapolis driver shot and killed by ICE officer during immigration-related operation, DHS saysVideoVideo Blows Up ICE’s Version of Deadly Minneapolis ShootingICE’s deportation campaign turns deadlyICE Minneapolis shooting sparks anger and deepens divisionsWalz prepares National Guard after woman killed in ICE operation: 'Never been at war' with federal governmentOfficials Dispute Federal Account of Fatal ICE Encounter in MinnesotaHorns, Whistles and Then Gunfire on a Minneapolis StreetRenee Nicole Good identified by mother as woman fatally shot by ICE agent in Minneapolis‘She was murdered’, say Minnesota ICE shooting victim’s family Minneapolis Mayor Jacob Frey tells ICE to ‘get the f--- out’ after agent guns down womanTrump Officials Cry ‘Domestic Terrorism’ After Videos Show ICE Agent Killing Woman Trump Attacks Woman Killed In ICE Shooting, Directly Contradicts Minneapolis Police Statement Trump Cornered on ICE Shooting Evidence After His Jaw-Dropping Insult to Slain Mom California congressman has human rights concerns after visiting ICE facilityICE detains man who has lived in US since he was a baby at routine appointment as family suffersMinnesota hotel removed from approved federal lodging list after allegedly refusing to accommodate ICE agents
(DBN)

Trump asks judge to award $6M in legal bills for failed Georgia prosecution
(DBN)

Nick Reiner lawyer steps down just before arraignment in Rob and Michele Reiner murder caseSmirking Nick Reiner dropped by high-powered lawyer Alan Jackson who says he had ‘no choice’
(DBN)

Depleted and Distracted, Justice Dept. Staff Fear Losing Focus on Potential Threats
(DBN)

Maduro’s immunity claim tests US power to prosecute foreign leaders
(DBN)

Law Firms Scramble to Guide Clients About Venezuela Tumult
(DBN)

Trump’s revenge campaign is now putting the entire Justice Department at risk
(DBN)

Hegseth's prosecution of Mark Kelly sends a chilling message to US troops and veterans, legal analysts say
(DBN)

Dad of three shot and killed by Army vet during alleged argument over Target parking space
(DBN)

Teen who killed mom, stepdad and had plans to 'save the white race' will change plea: DA
(DBN)

Jail ignored ailing inmate as he lay on floor for 10 hours in lead-up to death: Lawsuit
(DBN)

Man who 'does not like to pay rent' stabbed brother to death over rent payment: Police
(DBN)

Man killed his 70-year-old roommate for calling his girlfriend a 'fatso': Police
(DBN)

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Judges:

Judge orders Lindsey Halligan to explain why she keeps using U.S. attorney title following court decisionJudge Demands Fake U.S. Attorney Explain Why She’s Still Pretending To Be U.S. Attorney
(DBN)

‘I had a bad day’: Judge releases statement after DWI arrest
(DBN)

Trump’s New Judges Have Nothing Bad to Say About January 6
(DBN)

Senate Republicans Renew Push for Impeachment Over Judicial Rulings, Raising Concerns About Judicial Independence
(DBN)

Does the Supreme Court Favor the Rich?
(DBN)

Trump Announces 2026 Judicial Nominations, Influencing Southern District Courts with Conservative Appointees
(DBN)

'Rude' judge with serious case of 'black robe-itis' must be punished, top court told
(DBN)

Trump admin cannot strip billions in funding from NIH research grants: Appeals court
(DBN)

Video of 13-year-old calmly admitting he stabbed mom to death can be seen by jury: Judge
(DBN)

Meet the Judge With Nicolás Maduro's Fate in His Hands
(DBN)

Judging Fast and Slow
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500, Dow retreat from record highsU.S. stock futures retreat from record highs; key jobs data eyed
(DBN)

Will Stocks Crash in 2026?
(DBN)

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Layoffs:

CSX lays off 166 managerial workers, furloughs conductors
(DBN)

US layoff plans dropped at year end with more hiring to come
(DBN)

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Fraud:

DOJ sends more federal prosecutors to Minnesota to assist probes into alleged fraud
(DBN)

Minnesota lawmakers highlight fraud schemes at hearing before House committee
(DBN)

Kristi Noem Warns Newsom ‘We’re Gonna Come to You’ After Trump Announces Fraud ProbeTrump lists his demands in $10B California childcare fraud probe
(DBN)

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Food/Beverage:

Food truck manufacturer accuses Reef Kitchens of fraud in bankruptcy filing
(DBN)

Whiskey seltzer producer shocks industry with bankruptcy
(DBN)

Award-winning gin, vodka, and whiskey distiller closes businesses
(DBN)

The outlook for restaurants in 2026
(DBN)

Study: Weight-loss drug users spend less on fast food
(DBN)

Why the all-you-can-eat buffet is rapidly disappearing
(DBN)

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Autos:

Jefferies profit rises on dealmaking, takes $30 million loss linked to First Brands
(DBN)

First Brands looks to sell its business to get out of bankruptcy
(DBN)

Court Rules James Brothers, Other First Brands Executives Can Tap $100M of Coverage Under D&O Policies For Now
(DBN)

First Brands runs low on cash as fraud investigations mount
(DBN)

The $160,000 Mechanic Job That Ford Can’t Fill
(DBN)

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028
(DBN)

NJ-based Trinity Auto files for Chapter 11 bankruptcy
(DBN)

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Trucking:

Duffy pulls $160 million from California over truck licenses
(DBN)

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Economy:

ISM® Services Index Increased to 54.4% in December
(DBN)

US manufacturing activity in December was the lowest in 2025: PMI
(DBN)

BLS: Job Openings Declined to 7.1 million in November
(DBN)

ADP: Private Employment Increased 41,000 in December
(DBN)

Is This the End of American Capitalism?
(DBN)

Importers brace for US$150 billion tariff refund fight if Trump loses at U.S. Supreme CourtIf the Supreme Court rules against Trump’s tariffs it could threaten one third of his proposed military budgetHere are Trump’s options if the Supreme Court says his tariffs are illegal
(DBN)

The $38 trillion national debt is one thing 82% of Americans agree on: 'Voters are understandably concerned,' watchdog says
(DBN)

Larry Page is officially moving business out of California ahead of a proposed billionaire's taxNvidia CEO Says He Doesn’t Care About California’s Proposed Billionaire Tax
(DBN)

It’s Not Going to Be Trump’s Economy Anymore
(DBN)

Shutdown Clock Ticking Again As Congress Braces For Another Funding Fight
(DBN)

Ranked: U.S. States by Number of No-Income Households
(DBN)

Mapped: Global Inflation by Country in 2025
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NYC tenants don't want buildings sold to 'slumlords.' Can Mamdani stop it?New York City Seeks Delay of Pinnacle Group's Bankruptcy Auction
(DBN)

1st Look at Local Housing Markets in December
(DBN)

MBA: Mortgage Applications Decreased Over a Two-Week Period
(DBN)

U.S. Home Affordability Closed Out 2025 Near Record Lows
(DBN)

Real estate agents say the housing market is starting to balance out
(DBN)

Trump says he will seek to ban institutional investors from buying single-family homes
(DBN)

Homeowners blindsided by crippling 450% rent hike after NYC court rules in favor of billionaire landlord
(DBN)

A Huge Increase in ‘Ground Rent’ Stuns Co-op Residents
(DBN)

Photos show the Pacific Palisades one year after the Los Angeles wildfires, from empty lots to rebuilt storefrontsA year of Altadena’s recovery following the Eaton fireFewer than a dozen homes have been rebuilt a year after being burned down in LA-area wildfires
(DBN)

Nate Paul's Lake Travis marina emerges from bankruptcy in deal judge says in business' best interestNate Paul's Lake Travis Marina Chases Last-Minute Bankruptcy EscapeDisgraced Austin developer's Lake Travis marina emerges from bankruptcy - again
(DBN)

Rao Polavarapu’s bankruptcy filing triggers personal guarantee, lender claims
(DBN)

The ten best unsung places to buy your first home in America
(DBN)

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Municipalities:

Wrongfully convicted man wins $45M, Ohio township facing bankruptcy appeals to Supreme Court
(DBN)

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Politics:

Pro-colonialism talking points get a boost from top Trump aide Stephen MillerThe wrath of Stephen MillerStephen Miller Offers a Strongman’s View of the WorldInsiders spill on Stephen Miller’s daily yelling meltdowns
(DBN)

In Donald Trump’s world, the strong take what they can
(DBN)

The Capture of Maduro Marks the Return of Hard Power Politics
(DBN)

Donald Trump asserts control over Venezuela—and all the Americas
(DBN)

Donald Trump calls for 50% increase in US defense spending by 2027Trump demands more defense spending but threatens biggest contractors
(DBN)

White House unveils Jan. 6 webpage saying Democrats ‘staged the real insurrection,’ criticizing Capitol Police
(DBN)

Buy Greenland? Take It? Why? An Old Pact Already Gives Trump a Free Hand.US to discuss future of Greenland with Danish officials ‘next week’ Trump’s Greenland takeover would require ‘billions upon billions’ spent over decades to acquire a mineral industry that doesn’t yet exist, experts say Trump’s team races to come up with a Greenland takeover plan — here’s what’s at stakeDenmark ‘will shoot first and ask questions later’ over GreenlandAmerica’s last occupation of Greenland was a disasterRand Paul says "I will do everything in my power to stop any kind of military takeover in Greenland"GOP lawmakers denounce Trump’s threats to seize Greenland GOP mutiny explodes over Trump’s Greenland power grab Rubio to meet with Denmark on Greenland as one lawmaker says Trump's remarks are "pissing people off"Republicans break ranks with Trump over Greenland threatsDem Senator Breaks Ranks to Support Trump’s Takeover PlanRussia hasn’t reacted to Trump’s Greenland bid because it has a bigger goalHow Europe should respond to Trump’s Greenland threatsGreenlanders use Trump threats to push for independence from Denmark
(DBN)

As Charlie Kirk’s Turning Point Pushes Into High Schools, Dissension Follows
(DBN)

Professor Fired for Charlie Kirk Post Gets $500,000 From School, Is Reinstated
(DBN)

Musician Béla Fleck is the latest to cancel Kennedy Center performances after Trump's renaming
(DBN)

MAGA-coded CBS anchor mocked for bizarre crying segment
(DBN)

J6: The White House’s pro-crime manifesto
(DBN)

Trump’s Voters Are Discovering What ‘America First’ Really Means
(DBN)

Trump withdraws U.S. from dozens of international and UN entities
(DBN)

Trump says he will not permit dividends and stock buybacks for defense companies
(DBN)

Nebraska senator faces historic expulsion vote over sexual misconduct allegations
(DBN)

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Education:

Texas A&M, Under New Curriculum Limits, Warns Professor Not to Teach Plato
(DBN)

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Tech:

Anthropic Said to Be in Talks to Raise Funding at a $350 Billion Valuation
(DBN)

AI Models Are Starting to Learn by Asking Themselves Questions
(DBN)

Here Comes the AI Backlash
(DBN)

Worried About a Possible AI Bubble Burst?
(DBN)

Trump cuts to academia risk ceding AI lead, warns Microsoft scientist
(DBN)

Google, chatbot startup Character.AI settle Florida mother’s lawsuit over teen son’s suicide
(DBN)

After a rocky year, newsrooms push deeper into AI
(DBN)

iRobot Equity Faces Complete Wipeout in Bankruptcy Restructuring
(DBN)

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Newspapers:

Pittsburgh Post-Gazette says it will close down, citing losses and labor rules
(DBN)

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Media:

Good riddance, Corporation for Public Broadcasting
(DBN)

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Assisted Living:

Genesis Healthcare Approved to Restart Auction With New Lead Bid
(DBN)

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Aquaculture:

American Unagi closes in on sale after bankruptcy filing
(DBN)

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Climate:

Climate insurance legal action surges as property damage costs rise
(DBN)

Trump expands US climate retreat with exits from UN bodies
(DBN)

Alaska’s record snowfall sank boats and collapsed roofs
(DBN)

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  New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Loan issuer default rate eases in 2025, but mega-bankruptcies lift dollar amount
(DBN)

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Mass Torts:

Clergy abuse victims get to speak out in bankruptcy court
(DBN)

Attorneys clash over mass mailing of sanction order in clergy abuse case
(DBN)

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Intercreditor:

Not All Things Are Sacred: District Court Finds Wecso Aircraft Uptier Transaction Is Lawful
(DBN)

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Bankruptcy Research:

Anecdotes on the Data in Debt's Grip
(DBN)

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Aviation:

Greensboro-based private jet company files for bankruptcy
(DBN)

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Movie Theaters:

Movie Theaters Go Public With New Effort to Stop Warner Bros. Sale
(DBN)

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Furniture:

Furniture seller American Signature looks to sell dozens of stores in bankruptcy case
(DBN)

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Healthcare:

Wichita-area hospital announces permanent closure following bankruptcy caseDerby community reacts to Rock Regional Hospital closure
(DBN)

Dr. Oz explains new alcohol guidelines: ‘Don’t have it for breakfast’
(DBN)

Take fat jabs for life, experts rule - as pivotal study reveals users coming off the drugs pile the pounds back on in under two years
(DBN)

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Retailing:

Holders of $895-a-year AmEx card rush to spend Saks perk
(DBN)

Saks’ Burned bondholders fight over funding any bankruptcy loan
(DBN)

Saks faces bankruptcy pressure after $2.4B cash vanishes putting 170+ stores on the line
(DBN)

Saks Global’s near bankruptcy is the result of risky dealmaking—and a neglect of business basics
(DBN)

What can brands that are owed money expect if Saks Global goes bankrupt?
(DBN)

Claire’s plots 6 changes for 2026 after $140 million takeover saves 950 stores
(DBN)

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Sovereigns:

Venezuela’s astoundingly messy debts are about to get messier
(DBN)

Investors Sift Through Venezuela Debt Black Box as Some Bondholders See Path for Restructuring in the Short Term; 9.25% 2027 Notes at 43
(DBN)

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UK:

One Partner, Seven Million Pounds: Inside Big Law’s New Pay Reality
(DBN)

Dieselgate law firm warns over future after losing almost £400m
(DBN)

Record numbers sought debt advice over Christmas and New Year
(DBN)

Christmas fails to boost retail sales in December
(DBN)

TGI Fridays UK Insolvency Plan Risks 20 Closures
(DBN)

GrowUp creditors owed £120m in vertical farming administration
(DBN)

Ministers look at concessions for UK pubs as business rate backlash grows
(DBN)

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EU:

Eurozone inflation falls to 2% in December
(DBN)

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Venezuela:

Maduro Is Gone, but Repression in Venezuela Has IntensifiedWall Street investors who stuck with Venezuela are poised for a payday Decade of Distress Clouds Venezuela's Future Marco Rubio’s Venezuelan gamble Rubio Lays Out Long-Term U.S. Involvement in Venezuela US oil companies warn they will need guarantees to invest in Venezuela The ‘catastrophic’ state of Venezuela’s oil facilities It's not just oil: How else Wall Street might benefit from Trump's Venezuela actions The radical honesty of Donald Trump U.S. seizes Russian-flagged oil tanker linked to Venezuela after weekslong pursuitChevron lines up 11 oil ships as Venezuela’s dark fleet vanishes Oil Firms Say Venezuela Owes Them Billions Over Earlier Investments Venezuela’s crumbling oil infrastructureTrump may have to pay high price to get oil companies to drill in VenezuelaTrump's Venezuela oil plan faces steep security and economic questionsUS unveils strategy on Venezuelan oil, spurring rush for access U.S., Cementing Control on Venezuelan Oil, Seizes Russian-Flagged TankerLawmakers Split After Classified Briefings on VenezuelaHegseth threatens Venezuela invasion unless ’30-50M barrels of oil brought to the US’Trump: Venezuela to sell 30m-50m barrels of ‘high quality’ oil to U.S. at market price Trump says Venezuela will purchase American products with revenue from oil dealWashington seeks to control sales of Venezuelan oil ‘indefinitely’US begins marketing Venezuelan crude to global buyersElection Deniers Think the Venezuela Attack Is All About A "Stolen Election" in 2020Donald Trump’s Venezuela action raises threat for China’s oil suppliesTrump’s Venezuela operation echoes the CIA’s Chile playbook The gangs, goons and guerrillas running swaths of VenezuelaWhy Venezuela’s Vast Oil Wealth Couldn't Prevent Its Collapse Trump opens new front against China with brazen arrest of MaduroTrump, 'piracy' and a 'dark fleet': Why a Venezuelan oil tanker sits offshore Galveston
(DBN)

Gabbard MIA on Venezuela operation amid tensions over Trump policy
(DBN)

Mexico to Continue Shipping Oil to Cuba after Maduro Ouster
(DBN)

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Cuba:

Cubans 'scared and nervous' after U.S. attack on Venezuela destroys moraleCuba’s Long-Suffering Economy Is Now in ‘Free Fall’
(DBN)

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Russia:

US forces dramatically seize Russian-flagged oil tanker in the AtlanticRussia condemns U.S. seizure of Venezuela-linked tanker
(DBN)

Russia floats horror WW3 nuclear threat as US seize tankers - 'Sink American boats'
(DBN)

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MENA:

Outlook for restructuring and insolvency in the Middle East
(DBN)

Trump plans to build luxury ski resort in war-ravaged SYRIA to help ease Middle East tensions
(DBN)

Iran on the brink as protesters move to take two cities, appeal to TrumpIran Sees Largest Day of Anti-Regime ProtestsActivists say at least 36 killed amid Iran protests after Trump's warning of a possible U.S. interventionIran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests
(DBN)

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France:

68,500 companies have officially gone bankrupt
(DBN)

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India:

Voluntary Liquidation: A Strategically Sound Exit For Dormant Companies
(DBN)

Bombay High Court Draws a Clear Line Between Supervisory Powers and Contempt Jurisdiction in Insolvency Proceedings
(DBN)

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Colombia:

Donald Trump to meet Colombia’s Gustavo Petro in dramatic détente
(DBN)

Why Colombia's Cocaine Production Keeps Setting New Records
(DBN)

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