October 20, 2026

The Daily Bankruptcy News

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Law:

Judge Says A $3,000 Hourly Rate Is ‘Patently Unreasonable’
(DBN)

Freshfields Leader Accidentally Sends Secret AI Spinoff Plan To The Whole Firm, With A Bonus Insult To Some Very Important Clients
(DBN)

Charlesbank Invests in US Law Firm WSHB Operations
(DBN)

DOJ’s Plan To Subpoena Susman Godfrey Off The ABA Case Does Not Survive Contact With A Judge
(DBN)

BBC Seeks Deposition Of Jack Smith In Trump Defamation Lawsuit • Trump opposes Jack Smith deposition in Jan. 6 defamation lawsuit as 'entirely irrelevant'
(DBN)

Ashurst Perkins Coie Nets Bracewell Pair for Houston Launch
(DBN)

AI could eat Big Law’s billable hours. Cooley’s boss says bring it on. • Cooley Is Private. The Real Trade in "AI Eats the Billable Hour" Is the Software
(DBN)

For Law Firms, Building In-House AI Capabilities Offers Strategic Edge Over Bought Solutions
(DBN)

Ex-state deputy attorney general accused of making AI-generated child porn
(DBN)

Trump White House Celebrates NY Times Report on Admin Slashing Legal Immigration
(DBN)

Obama Unloads on Trump DOJ’s ‘Appalling’ Omar Investigation and Raid at Her Home • Tom Homan says federal investigators have 'strong case' in investigation into Rep. Ilhan Omar
(DBN)

Mahmoud Khalil Appeals to Supreme Court to Halt Deportation • U.S. Grants Temporary Deportation Reprieve For More Than 100K Ukrainians And Sudanese
(DBN)

Prosecutors say ex-OpenAI employee accused of planting recording device received what appears to be considerable support from the Saudi government
(DBN)

New murder trial ordered over juror's mental health crisis in 9th Circuit
(DBN)

Deidre Henderson Warns Election Threats 'Coming From' Trump
(DBN)

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Judges:

DOJ Segregates Jackson Walker’s New Cases from Judge Romance Probe for Procedural Clarity
(DBN)US federal court work hit after BAE Systems cyberattack affects bankruptcy court systems
(DBN)

Elie Honig Says Trump Golf Course Notice Is Doesn’t Jibe With What He Told Court • Trump Rages Against ‘Crazed Lunatic’ Judge Who Halted Potomac Golf Course Work • Judge grills Trump administration over plans to overhaul Washington golf course • Golf Course Plaintiffs Give Judge Reyes A Heads-Up: The President Called You Insane Before Breakfast • Trump Says Work on Disputed Golf Course Will Begin Immediately • Judge refuses DOJ’s demand to step aside from golf course hearing • Trump blows up DOJ’s case hours before his lawyers face a ‘very angry’ judge • DOJ Demands Judge Recuse Herself For Inappropriate Noticing They Broke The Law
(DBN)

Supreme Court takes up new case over race and school admissions
(DBN)

Supreme Court justices won't ride to rescue of NLRB board member Trump ousted from office
(DBN)

Neil Gorsuch joins Sotomayor raising serious concerns about police power
(DBN)

Trump Nomination for Federal Judgeships Highlights Strategic Judicial Shift
(DBN)

Federal appeals court rejects qualified immunity for judge who jailed 2 kids
(DBN)

Federal judge accused of misconduct, abandoning her job
(DBN)

Appeals Court Blocks Trump Fair Housing Grant Overhaul
(DBN)

Where the Supreme Court favors Trump on the emergency docket – and where it doesn’t
(DBN)

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Wall Street:

Stock futures are mixed as chipmakers come under pressure
(DBN)

Supreme Court to decide if 160-year-old home distilling ban is constitutional
(DBN)

Why the midterm elections are likely to become a strong tailwind for the stock market
(DBN)

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Layoffs:

 

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Tech:

Disney made Character.AI file for bankruptcy before buying its tech, court filings show • After asking AI company to file for bankruptcy, Disney makes an offer to its employees, said to be suffering from diminishing morale • Disney Hired Bankrupt Character.ai Engineers, Not Its Characters • Character.ai Bankruptcy Exposes the High Cost of AI Companionship • Character AI bankruptcy panics users at risk of losing digital friends
(DBN)

The First Batch of Robotics Unicorns Begin Facing Bankruptcy
(DBN)

Goldman Sachs upgrades CoreWeave to buy amid debt concerns • CoreWeave's selloff is a lesson in 'Finance 101' - and Wall Street says the stock can recover • CoreWeave's Panic Echoes 2023 Rather Than 2007
(DBN)

New AI wearables push the limits of privacy and wiretap laws
(DBN)

AI adoption sees junior tech hiring at Anthropic fall from 27% to 9%
(DBN)

Explosive Document Claims That AI Is Not What We Think
(DBN)

The concern that the KPMG US CEO keeps hearing from other executives
(DBN)

The AI productivity boom has bosses asking what’s in it for employees
(DBN)

Michigan’s Mike Rogers Got Big Payout Before Controversial Cybersecurity Firm Went Bankrupt - The American Prospect
(DBN)

South Korean IPO flop is the latest in a string of disappointments for the global AI trade • AI fears return with data center firm Elice’s 33% debut flop in Seoul
(DBN)

The AI buildout is nearing its existential phase
(DBN)

Anthropic, Nscale in talks for new $45 billion AI cloud computing deal
(DBN)

Ex-Google CEO Eric Schmidt's 1% Anthropic stake set to pay huge windfall
(DBN)

Why Elon Musk, Anthropic and other AI titans are giving away shares
(DBN)

Australia to sue Facebook and TikTok over ban breaches
(DBN)

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Education:

Anna Maria College gets six bids, but no buyer for full campus
(DBN)

Colleges raced to build massive computer-science departments. Now the boom is turning to bust.
(DBN)

Southern College Enrollment Boom Draws Private Money for Dorms
(DBN)

SpaceX stock made billions for college endowments. But their luck is about to run out.
(DBN)

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Sports:

Rory McIlroy reveals how LIV Golf’s rise put him and Tiger Woods at risk
(DBN)

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Autos:

FTC Says Car Dealership Group Charged Buyers $3,350 More Than Advertised
(DBN)

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Economy:

The US national debt is approaching the point where bond traders see mounting risk of a vicious cycle, Moody’s top economist says
(DBN)

The Iran war is sprawling into an inflation nightmare for Trump ahead of the midterms
(DBN)

France and the U.S. share the same debt trap. Why the U.S. has an escape valve.
(DBN)

One of this year's most important relationships in global financial markets is falling apart
(DBN)

As billionaires ditch California, Gen Z is following close behind—the state saw the biggest net loss of young people, many moving to Texas
(DBN)

United CEO calls for national wealth tax, inheritance taxes approaching 100%
(DBN)

Credit markets have entered uncharted territory as the riskiest junk bonds send a warning to investors
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Builders slash prices on new homes as buyer traffic drops to 14-year low
(DBN)

House Prices to Income
(DBN)

It's a rough housing market, and Goldman Sachs expects it to get worse
(DBN)

Short Sales Set To Surge in 2027 as Negative Equity Rises
(DBN)

A Real Estate Tech Company Won a $175 Million Jury Award. 6 Months Later, It Filed for Chapter 11
(DBN)

Adelaide Pointe bankruptcy plan hits roadblock with EGLE dispute
(DBN)

Bankruptcy case causes concern over pending Shenango on the Green sale
(DBN)

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Politics:

Tracking approval and key issues • Trump approval hits record low in new survey
(DBN)

Trump says New Mexico should immediately change its name to New America
(DBN)

Krugman: The Traitor in Chief
(DBN)

Trump warns Kansans that US will 'burn' like France if Democrats win
(DBN)

Trump uses antisemitic slur in defending Sen. Roger Marshall at rally in Kansas
(DBN)

'Truth' Social Stock Hits All-Time Low; Userbase Craters
(DBN)

From Ohio’s cornfields and factories comes a warning for Republicans
(DBN)

Election tracker with 'perfect record' shows big victory for Dems
(DBN)

‘A warning sign for polling’: Why one GOP pollster thinks a blue wave may fall short
(DBN)

Bombshell Axios report reveals 'secret pay-for-play' text at heart of latest Trump WH scandal
(DBN)

WSJ Shreds Trump for Being ‘Putin’s Best Friend’ in Fiery Editorial • Mike Johnson warns White House of risks in Russian sanction waiver
(DBN)

Donald Trump debuts alarming 'red' hair and it 'looks like squirrel on his head'
(DBN)

Trump Rips Fox News for ‘Defending Dumocrats’ in Morning Truth Social Storm
(DBN)

James Carville: Rather GOP Win House By 5 Seats Than Dems Do
(DBN)

Suburban Women Drift From Ken Paxton in Texas Senate Race • With Ken Paxton’s race faltering, GOP looks for someone to blame • US Chamber of Commerce endorses Paxton over Talarico
(DBN)

Maricopa County, Arizona, Is Again Ground Zero of Election Conspiracy Theories
(DBN)

Bari Weiss Pushed CBS Reporters to Investigate El-Sayed • CBS Reporter Apologizes for Post Lauding El-Sayed Heckler Amid Heavy Backlash
(DBN)

Guilfoyle Reportedly Turned to Pete Hegseth to Make ‘Personal Pitch’ to Trump
(DBN)

Mass. GOP candidate for lieutenant governor suspends campaign after arrest, OUI charge
(DBN)

Stephen Miller replacing Susie Wiles as Trump chief of staff 'terrifying'
(DBN)

Black MAGA voter asked to leave Paxton rally in TX • Talarico's Star Studded Final Push
(DBN)

FactCheck: Michigan U.S. Senate candidate Abdul El-Sayed “didn’t disavow” the Muslim Brotherhood.
(DBN)

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Healthcare:

At a Last-Hope Health Clinic, Desperation, Kindness and Fear for What’s Next
(DBN)

Grand Forks Clinic and affiliated dialysis companies file for bankruptcy • A 24-Year-Old North Dakota Multispecialty Clinic Files for Chapter 11 Bankruptcy
(DBN)

Oroville hospital shakes up leadership amid bankruptcy
(DBN)

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Food/Beverage:

A Salad and Go Founder Bought the Brand Back. Now the Comeback Faces 1 Major Hurdle
(DBN)

The surprising reason a 35-year-old California cafe chain was forced into bankruptcy
(DBN)

What the Meritage Chapter 11 Teaches Restaurant Franchisees
(DBN)

Albertsons Begins $8bn Trial Against Kroger Over Failed Merger
(DBN)

Warren warns against Sysco-Restaurant Depot merger
(DBN)

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Entertainment:

Netflix, America’s dominant streaming service, has hit a wall
(DBN)

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Steel:

Iowa cheers a $15 billion steel mill deal. Minnesota offers a warning
(DBN)

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Agribusiness:

Arkansas farmers protest 'Generating Jobs Act' at capitol, claim it raises energy costs into bankruptcy
(DBN)

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Tax:

Mamdani’s Pied-à-Terre Tax Hits Wealthy Out-of-Towners With a Double Whammy
(DBN)

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  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Corporate Governance:

Not So Fast: Fighting Back Against Board Takeovers – Lessons From In re Thrill Intermediate LLC
(DBN)

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Aviation:

AirAsia’s Tony Fernandes warns costs will ‘go up dramatically’ over the next 12 months: ‘Can’t get a vaccination for Donald Trump’
(DBN)

In Europe, budget airlines thrive. Why not the US?
(DBN)

Brazil's Azul sees longer recovery as fuel costs squeeze margins after Chapter 11
(DBN)

Airline GOL cancels all U.S. flights due to low demand
(DBN)

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Privacy:

California settles 23andMe data breach claims for $6 million
(DBN)

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Horse Racing:

A Kansas horse track is reopening for the state’s first races in 16 years
(DBN)

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Student Debt:

Trump’s student loan catastrophe looms once it’s no longer politically insane: report
(DBN)

Student-loan borrowers and parents are facing spiking payments and fewer options for relief, a new report says
(DBN)

Trump’s Student Loan Overhaul Could Drive More Bankruptcies, Former Judge Says: ‘The Rate of Bankruptcy Filings Will Most Likely Increase’
(DBN)

Trump Administration Reportedly Plans To Hire Private Student Loan Collectors After Midterms
(DBN)

FinCEN Flags $270 Million In Suspicious Activity Linked To Student Aid Fraud
(DBN)

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Hotels:

Filing Alert: NVA Chapter 11
(DBN)

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Crypto:

Second Circuit: Dismissal of fraud claims against crypto brokerage’s bank affirmed
(DBN)

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Climate:

Latest Climate Report Warns of Major Upheaval to California Way of Life
(DBN)

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UK:

Can a creditor present a bankruptcy petition based on an unrecognized foreign judgment
(DBN)

Thames Water creditors pick ex-minister John Hutton as chair designate
(DBN)

UK investment at risk from tax rises, investor survey finds
(DBN)

Half of first-time buyers paying more for mortgage than they did for rent
(DBN)

Profit warnings from UK-listed companies hits two year high
(DBN)

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Canada:

As Canada diversifies trade, cross-border insolvency expertise matters more than ever
(DBN)

Alberta votes on leaving Canada in anger-fueled referendum • Alberta voters back Canadian unity, reject move toward independence
(DBN)

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Russia:

Trump Claims He Lifted Russian Sanctions To Keep Putin At The Negotiating Table
(DBN)

Russians locked out of bank accounts, apartments as Kyiv hits data centers
(DBN)

Zelensky says Ukraine got no early warning from partners as Russia hits the power grid again • Marco Rubio Rejects Reports of U.S. Intelligence Pause for Ukraine • Trump administration holds up Patriot missiles for Ukraine • Zelenskyy to meet Witkoff in Norway as tensions with Trump rise
(DBN)

Under Siege, Ukraine Uses F-16s to Shoot Down Russia’s Jet-Powered Drones
(DBN)

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Germany:

BFH allows tax provisions for insolvency administrator fees
(DBN)

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France:

Trump joins Vance in blaming immigration for French riots
(DBN)

Brazen French rioters start selling off their hauls of looted goods on Vinted • 'France, truly, is on the brink' and just days away from a make-or-break moment in its debt crisis, analyst warns, as protests turn into riots • France's unrest lays bare 'slow agony' of Macron's twilight months • The rioting across France is a symptom of a much larger public and political crisis • France’s Far Right Shifts Into Campaign Mode as Student Riots Erupt Into Violence • French protests taper off after tougher security measures imposed
(DBN)

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Italy:

Italian police arrest hundreds during violent protests
(DBN)

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MENA:

Saudi Arabia rules out in-person 'Davos in the Desert' event next week • Saudi airport closure disrupts life in kingdom's capital • UK to fly RAF missions defending Saudi Arabia against Houthi attacks
(DBN)

Tehran seeks to punish Trump in midterms with oil price pain, Iranian officials say
(DBN)

Israeli Police Detain 10 Over Violent Settler Attacks in West Bank
(DBN)

Iran issues chilling threat to cut 'all the world's internet'
(DBN)

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Brazil:

Brazil's Americanas exits bankruptcy proceedings
(DBN)

Corruption top concern for Brazilian voters ahead of runoff between Bolsonaro and Lula
(DBN)

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Nigeria:

From Liquidation To Rescue: Reforming Nigeria's Corporate Insolvency Regime Under CAMA 2020 For The Digital Age
(DBN)

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India:

Refunded Performance Bank Guarantee Is Not Corporate Debtor Asset: NCLAT Delhi
(DBN)

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