August 3, 2026

The Daily Bankruptcy News

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Law:

How a Top Law Firm Went From Standing Up to Trump to Bending the Knee
(DBN)

Associate Compensation Scoreboard: Milbank Unleashes Special Bonuses And Biglaw Continues To Wait For Cravath
(DBN)

How Wall Street’s litigators finally became superstar lawyers
(DBN)

Escalating Costs of Doing Business, Buying Tech May Change Firms' Cautious Tune on Debt
(DBN)

The Anti-DEI Crowd Is Coming For The Biglaw Pipeline. Again.
(DBN)

Anti-DEI Group Files Bias Charge With EEOC Against Big Law Firms
(DBN)

This lawyer believes in second chances. Now AI is providing a boost
(DBN)

Courts Set Clear Standards for How Lawyers Use AI in Litigation
(DBN)

Defense attorneys should cautiously adopt AI, new study says
(DBN)

When rogue AI launches a cyberattack, who is legally responsible?
(DBN)

Gibson Dunn’s $2 Billion Litigation Arm Just Got a Big Boost
(DBN)

Senior Partners Should Sometimes Take Advice From Junior Associates
(DBN)

Washington Law Deans Say Diploma Privilege Is The Only Fair Fix After Bar Exam FiascoLaw Deans Demand Diploma Privilege, Balk at ‘Remedies,’ After Washington Bar Exam Failure
(DBN)

Is Anyone At Wachtell NOT Hooking Up?
(DBN)

Traders plead guilty to BigLaw stolen-info scheme
(DBN)

Former top public defender in Minneapolis disbarred after felony tax conviction
(DBN)

The DOJ is increasingly charging ICE protesters with criminal conspiracyICE detentions set Trump-era high in July, as immigration crackdown widens
(DBN)

All this Blanche back and forth won’t matter much in the endTrump Threatens to Revive $1.8 Billion Fund for Allies Over Blanche StandoffBlanche rescinds fund for Trump allies after GOP senators threaten to block his attorney general bid
(DBN)

Trump blasts Pirro after she refutes his claim that Reflecting Pool was damaged by vandalsTrump’s reflecting pool saga: a timeline of failure and finger-pointing
(DBN)

Trump sued himself into having to pay other people's legal bills for the trouble
(DBN)

Justice Dept. Subpoenas Times Freelancer in Effort to Identify Sources
(DBN)

Flock Surveillance Cameras Are Actually Horrible for Fighting Crime, FBI Data ShowsWild Footage Shows Man Blocking Flock Camera With Comically Gigantic Protest Sign
(DBN)

Lawyer for Ohio congressman’s ex-wife seeks restraining order against the lawmaker over alleged grabbing incident
(DBN)

‘All Blacks Are Foreign to My People’: Texas Prosecutor Exposed As Operator of Anonymous White Supremacist X Account, In Damning Report
(DBN)

US reporter fighting back after border patrol seized his cellphones
(DBN)

Idaho fast food restaurant shooting leaves 3 dead and 7 injured, city spokesman saysIdaho shooting: Bystander exchanged fire with In-N-Out gunman, witness says
(DBN)

Daycare worker dragged child across floor for excessive singing causing rug burn: Cops
(DBN)

Man blows ex-girlfriend away in front of 4-year-old son while they hid in laundry room
(DBN)

Group going to feed puppies met with hail of bullets, killing a mom sitting in back seat
(DBN)

Iowa woman busted for riding lawn mower under the influence...
(DBN)

She left her ex. He secretly tracked her through a network of policing cameras.
(DBN)

Mom left son, 1, in hot car outside hospital where she worked for nearly 9 hours: Police
(DBN)

Man making illegal U-turn traps motorcyclist underneath SUV and drags him for a mile: Cops
(DBN)

Bullets fly in Walmart self-checkout area as shopper tries to shoot person in line: Police
(DBN)

Driver who shot woman for having the audacity to pass him on the highway now admits guilt
(DBN)

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Judges:

The Ultimate Clerkship Flex
(DBN)

Favorable views of Supreme Court remain near historic low
(DBN)

Two more federal appeals courts reject ICE mass detention policy
(DBN)

13 Judges to 3: Fifth Circuit Tosses Everytown-Backed Challenge to Texas Gun Signs
(DBN)

Judges Urge DHS Lawyer to Remove Posts on ‘Worst’ of Judiciary
(DBN)

Trump admin denied access to sensitive voter data in Illinois, court rules
(DBN)

University can be held liable for student's hazing death at fraternity event: Court
(DBN)

Judge categorically rejects Trump bid to recuse from fired US attorney case
(DBN)

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Wall Street:

Stock futures rise in first trading day of August as oil prices slide
(DBN)

Markets are getting AI right
(DBN)

Humbling times for markets
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S&P 500 profit growth is getting even wilder as Amazon makes its mark
(DBN)

Y'all Street launches: Texas Stock Exchange goes live in Dallas
(DBN)

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Layoffs:

German carmakers flood jobs market with managers after wielding axe
(DBN)

Can America retrain workers before AI leaves them behind?
(DBN)

Illinois Institute of Technology lays off faculty, staff members
(DBN)

Chime to cut 10% of total workforce on AI-driven efficiencies
(DBN)

EchoStar to lay off 330 employees in Montgomery County
(DBN)

List of Companies Laying off Employees in August
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Philanthropy:

Most billionaires are stuck in 'slow philanthropy.' MacKenzie Scott gave away $26 billion and won't stop until 'the safe is empty'
(DBN)

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Food/Beverage:

Subway hit with another franchisee bankruptcy in just 2 months
(DBN)

Mamdani’s city-owned supermarkets will fight the one force no city has ever beaten: the market
(DBN)

Over 4 million people are no longer receiving food aid amid sweeping changes to SNAP
(DBN)

The Diarrhea Lettuce Company Has Been Linked to Forced Labor
(DBN)

In California, Some Cities Are Done With Drive-Throughs
(DBN)

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Private Credit:

Walter insurers paid millions of dollars to credit rating provider Egan-Jones
(DBN)

Private credit roundup: Earnings hold up as defaults, redemptions remain elevated
(DBN)

Ares Hauls Record $36 Billion on Private Credit Fundraising Momentum
(DBN)

Blue Owl leans into real assets to buffer private-credit woes
(DBN)

BlackRock froze billions - then the $3 trillion market started cracking
(DBN)

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Student Debt:

How Joe Biden's student loan forgiveness plan ultimately hurt borrowers: report
(DBN)

Student Loan Caps Harm Public Interest Bar — and Those They Serve
(DBN)

States expand student loan options as new federal caps take effect — but they come with trade-offs
(DBN)

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Water:

US proposes deep Colorado River water cuts for Arizona, California, Nevada
(DBN)

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Healthcare:

Lawsuit Against Company Accused of Charging Disabled Veterans $20K for Benefits Halted by Bankruptcy
(DBN)

'Even Cancer Is Not Enough': Judge Allows Controversial Medicaid Rules To Stand
(DBN)

RFK Jr., Oz claim fraud crackdown drove ACA enrollment drop, but analysts cite rising costs
(DBN)

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Economy:

US Fed dissenters call for rate hikes over sustained inflationFederal Reserve rate dissenters warn of challenges in taming inflation
(DBN)

Bond sell-off sent warning on Federal Reserve’s credibility, says top central bank officialKrugman: The Bond Market Doesn’t Like BS
(DBN)

Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a 'credibility shock'Is Kevin Warsh the Lionel Messi of monetary policy?What will Kevin Warsh do if America’s economy breaks?Warsh tightened more by pausing than by lifting rates, this bond-market veteran argues. Here's the math.
(DBN)

Trump's 'economic revival' falls flat as donor's factory closes up shop
(DBN)

Slopulism is taking over America
(DBN)

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
(DBN)

Trump just invoked a 1930 tariff law no president has ever used — against Canada
(DBN)

America’s biggest companies report ‘rock solid’ profits as consumers face higher costs
(DBN)

Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yenJapan to announce Tokyo and Washington took joint action on yen
(DBN)

Columbia Economist Baffled as to Why the Masses Aren’t Rising Up Against Elon Musk
(DBN)

Why people are dropping out of the workforce and not looking for new jobs: ‘The market wore me down’
(DBN)

Beefing with the Big Mac Index
(DBN)

Americans Struggle With Record $1.25 Trillion In Credit Card Debt As Delinquencies Surge To Crisis-Era Highs
(DBN)

Senate leaders reach funding deal to avoid shutdown during campaign season
(DBN)

Americans are living longer than our retirement system can handle - and many of us are unprepared
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Homeowners Associations Are Foreclosing on More Residents
(DBN)

Lawler: Update on the GSEs: Agency MBS Holdings Decline, Interest Rate Risk Measures Keep Rising
(DBN)

Filing Alert: Nobel St. Ives Chapter 11
(DBN)

Landlord beat and choked tenant unconscious twice after changing locks, police say
(DBN)

Many boomers are desperate to move but can't afford to
(DBN)

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Municipalities:

Arizona fire district stops emergency response, files bankruptcy
(DBN)

Inside America's whites-only town where new arrivals are vetted to help 'preserve European identity' - and leader believes Nazis had 'redeeming qualities'
(DBN)

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Oil/Gas:

Chevron and Exxon earnings soar as Trump threatens price interventions
(DBN)

Oil prices fall to three-week low after Trump calls off planned attack
(DBN)

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Politics:

Tracking approval and key issuesTrump's approval rating hits record lows in 2 new pollsConservative Pundit Tells Sean Hannity That Trump ‘May Only Have 3 Months Left’How views on Trump’s handling of Iran have shifted, according to a new AP-NORC poll Why immigration remains strong for Trump among Republicans, according to a new AP-NORC pollTrump’s approval rating is underwater in 11 states he won comfortably
(DBN)

Krugman: How China Won the Iran War
(DBN)

Trump administration calls itself the most transparent. Yet few details of the Iran war have been shared.
(DBN)

Trump’s Fixation on Arctic Ships Led to Billions in No-Bid Contracts
(DBN)

‘One family, one vote’: The men (and women) seeking to revoke women’s suffrage in the United States
(DBN)

MAGA exiles including Marjorie Taylor Greene and Tucker Carlson plot to launch new political party
(DBN)

The Most Consequential Race of 2026 is Not in November
(DBN)

The Democrats’ biggest donors have gone on strikeKen Martin hunkers down at the Democratic National Committee as a storm gathers around party leader
(DBN)

‘Voters have had it’: influence of pro-Israel lobby group sparks backlash in the US
(DBN)

Ohio Democrats push resolution to lower voting age to 16 amid polls showing 62% of Gen Z favor socialism
(DBN)

National park ranger quits, tours visitor centers to fight censorship
(DBN)

Trump predicts US will control Greenland by 2029: "Make that bet"
(DBN)

The twilight of Dr Fauci
(DBN)

GOP Sen. Moreno says Rep. Max Miller shouldn’t serve in House, needs ‘serious psychological help’
(DBN)

Bedbugs, bad Wi-Fi: Federal workers say forced summer relocations have been chaos
(DBN)

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Leisure:

Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
(DBN)

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Debt Collection:

Debt Collection Case Surge Draws Push to Aid Pro Se Defendants
(DBN)

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Sports:

UEFA declares no confidence in Infantino and vows accountability for failed World Cup equity planFIFA backs down from controversial $20bn investment plan
(DBN)

LIV Golf faces Chapter 11 bankruptcy
(DBN)

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Climate:

Eastern Washington fires have burned 600 structures and forced the evacuation of 5,000 homes
(DBN)

2 killed when firefighting helicopters collide near Athens as Europe’s wildfire emergency rages
(DBN)

Thousands evacuated in north Spokane as wildfire crosses river into city
(DBN)

Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
(DBN)

Europe’s long hot summer
(DBN)

The deadly cost of wildfires
(DBN)

Rhine drought strands ships and forces German production shutdowns
(DBN)

India’s monsoon is getting weirder
(DBN)

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Education:

At colleges, the AI boom means everyone wants to dabble in computer science
(DBN)

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Tax:

California billionaire tax wins support from state Democratic Party
(DBN)

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Fraud:

July 2026 Ponzi Scheme Roundup
(DBN)

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Satellites:

EchoStar's satellite internet unit Hughes files for bankruptcyECHO Looks 327.1% Overvalued on GF Value™ Amid Bankruptcy Filing
(DBN)

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Firearms:

The bankruptcy auction that quietly handed six different companies a piece of one legendary gun brand
(DBN)

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Summer Camps:

Parents of Camp Mystic flood victims could wield major influence in bankruptcy case
(DBN)

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Agribusiness:

America Is Bulldozing 420,000 Peach Trees While New Jersey Can’t Grow Enough
(DBN)

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  New Bankruptcy Opinions
(8 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:

Delaware, Texas have highest business bankruptcy filings in U.S.
(DBN)

As Americans' Debt Grows So Does Bankruptcy
(DBN)

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UST:

USTP Issues Report to Congress on Criminal Referrals for FY 2025
(DBN)

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Mass Torts:

J&J's $5.5B talc settlement: What 76,000 claimants need to know
(DBN)

Asbestos victims in limbo as Charlotte court stalls cases
(DBN)

Vi-Jon LLC Commences Chapter 11 Process to Implement Global Settlement Resolving Alleged Legacy Talc-Related Liabilities
(DBN)

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MCAs:

Merchant Cash Advances: An Engine of Distress
(DBN)

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Bankruptcy Bonuses:

Sleep Number and the Non-Insider Line
(DBN)

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Prepacks:

Alkegen’s Prepackaged Chapter 11: When the Liability Management Bridge Runs Out
(DBN)

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Aviation:

Why flights are so expensive and will likely stay that way
(DBN)

Flight attendants at Canada’s WestJet go on strike in dispute over pay
(DBN)

Air France-KLM targets easyJet passengers during takeover turmoil
(DBN)

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Tires:

Filing Alert: Uniroyal Chapter 11Defunct iconic tire brand files Chapter 11 bankruptcy to dissolve
(DBN)

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Tech:

OpenAI’s Escaped Models Were Allegedly Rampaging More Extensively Than Previously ReportedOpenAI’s Hugging Face hack confirmed months of AI cyber warnings: ‘Pandora’s box is open’US lawmaker calls for AI hearings after Anthropic, OpenAI incidents
(DBN)

This Is Not the Way to Hold A.I. Companies Accountable
(DBN)

Situational Awareness got the future right but misread the pastLeopold Aschenbrenner vows to ‘fight another day’ after fund plunges 67% in July Citadel’s swoop on Situational Awareness helped stem a $3tn AI routWhat a Hedge Fund’s Implosion Says About the A.I. Trade
(DBN)

Anger Over Data Centers Is Fueling a New Political Movement
(DBN)

The More People Learn About AI, the More They Want It Out of Their Lives
(DBN)

How much should an AI agent cost? No one can agree - and it's creating chaos.
(DBN)

Google Earth AI tool raises fears over spread of fake satellite images
(DBN)

AI Startup Coerced People Into Getting Tattoos of Its Logo in Exchange for a Job Interview
(DBN)

AI’s Wildest Spenders Are Hitting the Accelerator
(DBN)

Data Brokers Deny a Million Pleas to Delete Personal Information
(DBN)

Big Tech Holds $2 Trillion of Spending Commitments for AI Boom
(DBN)

Zitron: "Everyone Has Been Sold a Lie" on AI
(DBN)

Mark Zuckerberg’s Pivot to AI Is Blowing Up in His Face Spectacularly
(DBN)

Amazon Insiders Horrified at “Catastrophically Expensive” Internal AI Usage
(DBN)

Major Publisher Cans $2.4 Million Book Deal After Author Was Accused of Using AI, for a Very Cynical Reason
(DBN)

AI-assisted staging draws boos at the Richard Wagner festival in Germany
(DBN)

A PR Firm Is Using Fake Publicists With AI-Generated Headshots to Spam Journalists With Pitches for Its Clients
(DBN)

A Prominent AI Investor Is Now Crumbling, in What Could Be a Sign of Things to Come
(DBN)

How Mexico became a surprise cornerstone of America’s AI boom
(DBN)

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Hedge Funds:

Filing Alert: Krasnoff Domestic Growth Fund Chapter 11
(DBN)

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Banking:

Capital One says it closed Trump Organization accounts over money-laundering concerns
(DBN)

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Autos:

Aston Martin Creditors Fume at Lack of Detail on Debt Deal
(DBN)

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UK:

Drelle Overturned In Latest UK Supreme Court Decision.
(DBN)

Scottish insolvencies drop but start-up caution remains
(DBN)

Business failures fall but confidence remains subdued
(DBN)

Business confidence remains low as cost pressures intensify
(DBN)

How to save the British high street
(DBN)

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Canada:

Cross-examining receivers, monitors and trustees in Alberta insolvency proceedings: An exceptional remedy
(DBN)

This creditor took over the company, then went after its directors
(DBN)

Ekati’s assets? $192 million. Ekati’s debt? $400 million plus.
(DBN)

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MENA:

Trump calls off planned weekend strikes on new Iran targets as he hints at shock deal to reopen Strait of HormuzTrump once again threatens massive escalation against Tehran only to walk back Trump's on-again-off-again war against Iran: in his own words Trump gambled everything on Iran – now he’s the weakest player of all ‘They feel emboldened’: Iran leaving Trump with no good way out Gulf states talk Trump out of Iran strikes in a show of regional influence 'Kind of madness': Iran vows to target US, Israeli energy assets if attacked as Trump weighs fresh strikes Iran sets the pace in war with Trump Iran says no direct negotiations taking place with U.S. Iran says Hormuz talks underway after Trump calls off strikes US shifts course again as Israel stays silent and Iran mocks Trump’s retreatIn Iran, the U.S. Appears Headed for a Strategic Defeat, Allies FearIran’s leaders show a united front over the war but are divided over what the goal is
(DBN)

U.S. general warns Pentagon he lacks sufficient forces to protect Israel
(DBN)

Iran Appears to Be Blasting Amazon Data Centers Off the Map
(DBN)

Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
(DBN)

Scope of Hacks on U.S. Water Supply Widens as Evidence Points to Iran
(DBN)

Spitting attacks show rise of anti-Christian hate in Israel
(DBN)

Settlers Torch Mosques and Villagers Guard Homes: West Bank Violence Is Surging
(DBN)

Israel says it has serious concerns with Hamas disarmament dealIsrael defies Trump’s peace plan as it escalates deadly attacks on Gaza
(DBN)

Iran Has Surrounded Saudi Arabia And Threats Are Closing in
(DBN)

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Russia:

Zelensky says Ukraine has 'no interceptors' as ballistic missiles hit Kyiv
(DBN)

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Spain:

Spain pushes migrants home as Ceuta vents over ‘invasion’How 60,000 people swam to Spanish territorySpain’s migrant crisis reopens deep EU riftsA migrant surge tests Spain’s open policies
(DBN)

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Japan:

US Treasury undertakes historic intervention in yen marketU.S., Japan confirm coordinated yen intervention, signal readiness for moreRare joint currency intervention sends strong message to markets Why the U.S. stepped in after decades to prop up Japan’s yen — and what’s at stake
(DBN)

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France:

France tightens oversight of foreign investment to protect national security
(DBN)

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