July 30, 2026

The Daily Bankruptcy News

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Law:

Gibson Dunn Snags Wachtell Partners… But One Planned Lateral Got Literally & Figuratively Benched
(DBN)

Wachtell Chief’s Sudden Exit Has Rival Big Law Poachers Circling
(DBN)

California Bar Rests Case in Trial Over Girardi Client Funds
(DBN)

S&C’s Bob Giuffra Put His Name On The Trump SCOTUS Petition He Was Going To Stay Away From
(DBN)

Pro se litigant starts trial with help of artificial intelligence
(DBN)

Law Firm McCalla Raymer Leibert Pierce Names New Bankruptcy Partner
(DBN)

Buchalter Names Insolvency Lawyer Christianson Managing Partner of its San Francisco Office
(DBN)

What Does It Take to Get Big Law Associates Excited About AI?
(DBN)

Washington calls off bar exam after NextGen UBE has tech issues • There’s An Obvious Fix For Washington’s Bar Exam Debacle • Washington’s Canceled Bar Exam Draws Emergency Passage Requests
(DBN)

Maryland Thought It Had A Bar Exam Disaster. Turns Out They Were The Lucky Ones.
(DBN)

The California Bar Exam Was A Disaster, NCBE And Missouri: ‘Hold My Beer’
(DBN)

BAR EXAM DISASTER! All The Details From Around The Country.
(DBN)

ABA Opinion on Role of Government Lawyers Spurs Rule Change Talk
(DBN)

Large majority of test-takers pass first step of new three-pronged Nevada bar exam
(DBN)

Bronx Defenders Union joins ongoing strike with other NY public defenders
(DBN)

Former Queens Defenders executive director sentenced to 43 months in prison
(DBN)

Ongoing auction features documents, furniture Lincoln used to practice law
(DBN)

Grand jury vetoes felony hit-and-run charges against former US attorney in Texas
(DBN)

Couple deported by ICE found bound and shot dead in Guatemala sugarcane field • Reports of airport immigration arrests come amid increased TSA-ICE collaboration, sources say • ‘Each day feels like the last’: Haitians with TPS on edge as confusion clouds US work status • ‘If they are not criminal, why send them back?’: Haitians fear loss of their deportation protections • Witness to Houston ICE shooting must be released from immigration detention, judge orders • Trump Admin Cannot Use Travel Ban Against Asylum Seekers, Judge Rules
(DBN)

Sullivan & Cromwell Asks Top Court to Hear E. Jean Carroll Case
(DBN)

Epstein accuser’s family blasts former Obama White House lawyer who said her assertions lacked inherent credibility
(DBN)

Secret Service ‘illegally’ surveilled Comey in Trump ‘8647’ threat case: Court filing • Trump Demanded Details of Agents’ Interview of Comey, New Filing Says • Feds relied on accounts from famed mobster, TV actress to build Comey case • Todd Blanche Colluded with an Italian Mafioso … and Also Rudy Guiliani … to Indict Jim Comey • Ex-mob prosecutor picks apart Trump DOJ's 'preposterous' attempt to put Comey in prison
(DBN)

Judge tosses Kash Patel $10M defamation suit against blogger who called him 'chud'
(DBN)

‘You Are Not Recognized!’ Rand Paul Throws Out Fauci’s Lawyer in Stunning Clash at Hearing
(DBN)

Todd Blanche AG nomination on edge as Sen. Cornyn questions Trump-IRS settlement • Cornyn cancels meeting with Blanche ahead of key committee vote on AG nomination • Vote on Blanche in Doubt After Senators Express Skepticism Over I.R.S. Provision • Key committee vote for Todd Blanche postponed in major blow to his nomination as Trump’s attorney general • With Blanche Nomination at Stake, Payouts to Trump Allies Continue • Republicans Senators Are Turning Todd Blanche’s Confirmation Fight Into an Anti-Abortion Free-For-All • Todd Blanche's 'slippery' escape from near-certain rebuke stuns onlookers
(DBN)

“Shield” laws have preserved abortion access in America
(DBN)

Texas father charged with murder after 2-year-old found dead in hot car
(DBN)

75-year-old man caught having sex with 32-year-old girlfriend in a pool full of kids: Cops
(DBN)

Tony Romo treating his field sobriety test like an NFL combine leaves fans stunned
(DBN)

Road rage incident at Walmart leads to man slamming victim headfirst onto pavement: Cops
(DBN)

______________

Judges:

Ho Suggests Justices Should Reverse Same-Sex Marriage Ruling
(DBN)

Trump spreads false claims about Justice Amy Coney Barrett
(DBN)

The push to reduce the Supreme Court’s power
(DBN)

Chemerinsky: How the Supreme Court’s decisions have had an impact on democracy
(DBN)

The Unexpected ‘Downside’ Of Becoming A Supreme Court Justice
(DBN)

Justice Jackson, Michelle Obama Talk Living in Security ‘Bubble’
(DBN)

Gorsuch says Americans must study history, ‘warts, glories, and all’
(DBN)

Federal Judges Chastise Trump’s Justice Department for “Unlawful,” “Unethical” and “Unseemly” Conduct
(DBN)

The Dems Helping Donald Trump Load Up The Federal Bench
(DBN)

Trump wants new judge assigned to lawsuit over fired US attorney
(DBN)

Secretive terrorist removal court set for first hearing in Afghan woman’s case
(DBN)

______________

Wall Street:

Stock futures rise as traders digest Big Tech earnings and hope to recover from Fed Day sell-off
(DBN)

Dow tumbles 800 points as losses accelerate ahead of Fed decision
(DBN)

Individual investors are dumping stocks at the fastest pace since the COVID crash
(DBN)

Ex-Goldman executive awarded £1.45mn after paternity leave ‘stigma’
(DBN)

The tech wreck roiling Wall Street
(DBN)

______________

Layoffs:

BuzzFeed Lays Off 33 Percent of Remaining Staff After Bizarre Pivot to AI
(DBN)

BMW to cut several thousand jobs • BMW Targets 8,000 More Job Cuts in Fresh Cost-Cutting Drive
(DBN)

The hospitals, health systems cutting jobs in 2026
(DBN)

MaineHealth to cut 83 IT, analytics jobs
(DBN)

Tower Health hospital to lay off 160 employees
(DBN)

______________

Military:

US weapons stockpiles continue to dwindle with permanent end to Iran war nowhere in sight
(DBN)

____________

Finance:

A refresher on rated note feeder structures in subscription credit facilities: key enforceability considerations under New York and US bankruptcy law
(DBN)

____________

Coal:

It Once Controlled One of Appalachia’s Biggest Coal Reserves. Then It Sold for Just $1.1 Million
(DBN)

____________

Healthcare:

Cerberus agrees to pay Steward Health Care creditors in settlement
(DBN)

California hospital aims to extend bankruptcy financing
(DBN)

'Virtually everyone who lost their exchange coverage became an uninsured patient,' UHS CFO says
(DBN)

ACA subsidy fallout favors insurers, pressures hospitals’ payer mix
(DBN)

Rural hospital closures by state vs. transformation funding
(DBN)

US hospital closures and net change, by year
(DBN)

Rural America’s Maternal-Health Crisis Is About to Get Much Worse
(DBN)

The United States Is Rapidly Running Out of Blood
(DBN)

Microsoft CEO Warns That Companies Embracing AI Could Drive Themselves Out of Business
(DBN)

Woman whose routine surgery ended with bladder being 'mistakenly removed' awarded millions
(DBN)

Man accused of stabbing mother to death, pouring cat litter on her head and torching bed
(DBN)

Peptides Are the New Longevity Craze. Safety Data Tells a Different Story
(DBN)

____________

Water:

Colorado residents are ratting out neighbors over water use during drought
(DBN)

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Accounting:

Grant Thornton seals accounting sector’s largest takeover in a generation
(DBN)

____________

Agribusiness:

Sales Are So Low, California Wineries Are Burning Their Vineyards
(DBN)

____________

Electricity:

Court filings: WV misled amid $50M+ aid for Pleasants plant facing bankruptcy
(DBN)

____________

 

Economy:

Fed holds interest rates steady • In vote with three dissents • 3 officials vote for hike • Market moves and ‘a good family fight:’ top takeaways from the July Fed meeting • The case for a Fed rate-cut collapses • The big focus now is on the potential for a September rate hike after the Fed stands pat • Fed Chairman Warsh's credibility in question after leaving interest rates unchanged • Wall Street is panicking over Kevin Warsh’s patience • Kevin Warsh is confusing markets
(DBN)

30-year Treasury yield hits highest level since '07 • US borrowing costs hit 19-year high as Fed defies inflation fears
(DBN)

Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation
(DBN)

Americans are getting higher credit limits, survey shows
(DBN)

The elder care costs erasing the inheritance you expected
(DBN)

America Is Undergoing a Massive Debt-for-Equity Swap
(DBN)

Trump’s Tariffs Are Sending Some Companies Back to China • Trump: New tariffs ‘doing the same thing’ as the ones struck down by Supreme Court
(DBN)

From Hormuz to the Black Sea: Maritime battlefields are shaping a new world order
(DBN)

How one LA company ditched rigid office mandates and got workers back
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Inflation Adjusted House Prices 4.8% Below 2022 Peak
(DBN)

Florida’s Fix for Insurance Crisis Puts More Risk on Homeowners
(DBN)

Las Vegas home prices post largest drop in the nation
(DBN)

This country is buying up the most homes in America right now, even as international sales dry up
(DBN)

______________

Oil/Gas:

Oil prices jump 7% after Trump says U.S. will hit Iran hard
(DBN)

Global oil prices top $88 a barrel after Trump vows retaliation for surprise Iranian attack on U.S. troops
(DBN)

US oil inventories fall to ‘precariously low’ level as Iran war disrupts supply
(DBN)

Shell Profit Surges As Mideast War Fuels Oil Prices • Shell posts second-highest profits ever as traders cash in on Iran disruption
(DBN)

____________

Retailing:

Big Lots closing stores once again after being ‘saved’ from bankruptcy
(DBN)

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Nonprofits:

Judge Dismisses Zoo Nonprofit’s Bankruptcy Petition Amid Legal Battle with LA
(DBN)

____________

Politics:

Most Americans favor big changes to the political system that likely would require amending the Constitution
(DBN)

Tracking approval and key issues • Trump’s Job Approval Plummets to ‘Career Low’ • Americans doubt Trump is paying enough attention to the country’s most important problems
(DBN)

GOP rushes to save election security agency gutted by Trump: report
(DBN)

Musk plans massive push for GOP in midterms
(DBN)

Trump broke his promise to lower—and eliminate—the national debt. A top investor thinks he’s the 'worst-spending president in history'
(DBN)

Trump trolled with giant participation trophy in the middle of NYC for failing Iran war
(DBN)

Trump Crashes Into Reality
(DBN)

'YOLO' Republican senator plays hardball with Trump
(DBN)

Why Republicans Aren’t Funding a Key Senate Race Yet
(DBN)

White House fumes over Trump appointee’s ‘self-inflicted’ mess — Mike Johnson ‘furious’
(DBN)

Trump Rages About Surprise Iran Attack to Fox News: ‘We’re Going to Beat the F------ S--- Out of Them!’
(DBN)

Rand Paul Dresses Down Fauci in Heated Hearing Opener: ‘Aiding and Abetting!’ • Put a Lock on It, Fauci • Dr. Fauci Calls Out Rand Paul’s ‘Unhinged Obsession’ With Him in Fiery Statement • Why Anthony Fauci took the Fifth in Senate hearing • CNN Legal Analyst Says Fauci ‘Probably Within His Rights’ to Take the Fifth • Trump crippled GOP’s Fauci hearing with ‘baseless’ voiding of Biden pardons: lawyer • Fauci’s Pardon From Biden Would Not Shield Him From New Offenses • Rand Paul Wildly Threatens ‘Repercussions’ for Dr. Fauci Invoking 5th Amendment • ‘Who the F--- Do You Think You Were?’ GOP Senator Absolutely Loses It On Fauci • Josh Hawley Tries to Get Fauci to Stop Pleading the Fifth with Basic Questions • Rand Paul Sets Vote to Hold Dr. Fauci In Contempt of Congress • Rand Paul's contempt vote crusade could be doomed despite Fauci pleading Fifth 111 times • Fox’s Turley Warns It’s ‘Murky Area’ For Paul to Try to Hold Fauci In Contempt • Dem Senator Calls Fauci Hearing ‘One of the Darkest Days’ in Senate History • TMZ’s Harvey Levin Calls GOP Attacks On Fauci ‘Heartbreaking,’ McCarthy-Like • The Unmaking of Anthony Fauci • 5 takeaways on Fauci’s hostile Senate hearing, GOP contempt threats • Dr. Fauci, the lockdown czar, just won’t go away
(DBN)

Win or lose, Thune faces a 2027 nightmare
(DBN)

Pranksters go on hunt for Mitch McConnell and place ‘missing person’ posters around DC
(DBN)

A Small Band of Socialists Is Sowing Panic in the Democratic Party
(DBN)

The High-School Dropout Hiring Diplomats for Trump’s State Department
(DBN)

Trump-Thune Divide Goes Beyond Voting Bill
(DBN)

Trump’s FEMA mocks blue states struck by the 2026 blizzard
(DBN)

This MAGA Influencer Runs a Charity to Teach Kids Civics. Much of the Money Goes to Him Instead.
(DBN)

Republican accidentally calls Trump's biggest success the 'scandal of my lifetime'
(DBN)

____________

Entertainment:

The Paramount Deal Is in Trouble. It’s Not About the Movies.
(DBN)

____________

Education:

Florida Professor Fired for Assigning a Profane Story, Lawsuit Says
(DBN)

Sacramento City Unified, teachers union reach deal for $97.6M in budget relief
(DBN)

Schools installing swarms of Ukraine war-style attack drones that can pepper spray and tackle mass shooters in US
(DBN)

____________

Food/Beverage:

Bankruptcy claims loom over QSR brands
(DBN)

How a 40-year-old father launched a $1.6 billion-a-year meat snacks empire from a bankrupt Wisconsin business
(DBN)

____________

Religion:

Tavner Smith fundraising for new church building after bankruptcy
(DBN)

____________

Boating:

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
(DBN)

____________

Trucking:

Celadon Bankruptcy: The Inside Story & Stranded Drivers
(DBN)

____________

Personal Finance:

Gen Z stays home almost every weekend because going out isn't worth the money
(DBN)

____________

Crypto:

Americans who lost money in a crypto bankruptcy get a second chance
(DBN)

ARK Warns Crypto Bankruptcies and Shutdowns Will Rise
(DBN)

____________

Private Credit:

Ares $29 Billion Private Credit Fund Sees Uptick in Non-Accruals
(DBN)

Ares flags more distressed borrowers as AI disrupts private credit portfolio
(DBN)

Another Private Credit Excessive Fee Lawsuit
(DBN)

____________

Consumer Finance:

Cracks in the Market: Subprime Lending Under Pressure
(DBN)

____________

Fraud:

There’s never been a better time to commit financial fraud
(DBN)

Feds: Chicago investors scammed in $100M alleged fraud by ‘Joker’ movie producer
(DBN)

Brian Kahn, Living in New Mansion, Says He Can’t Repay Investors
(DBN)

Jason Cloth Indicted in Alleged $100 Million Ponzi Scheme
(DBN)

____________

Radio:

A Post-Bankruptcy Cumulus Will See Print Slasher’s Interest
(DBN)

Meet the Hedge Fund That Hollowed Out America’s Newsrooms
(DBN)

____________

  New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

More Americans are filing for personal bankruptcy
(DBN)

______________

Mass Torts:

Can J&J finally put the talc litigation behind it?
(DBN)

J&J Talc Settlement: $5.5 Billion, 76,000 Claims and the 95% Condition
(DBN)

____________

Aviation:

Vietnam's New Aviation Law: Enhanced Creditor Rights and Stronger Cape Town Protections
(DBN)

Dynamic AI Pricing Could Mean Fewer Cheap Airline Seats for Travelers, Analysts Say • Higher Airfares Loom on Busy Routes as AI Squeezes Out Bargains
(DBN)

After Atlanta near-miss, how common are airport collisions?
(DBN)

Spirit’s former headquarters gets lead bidder for close to $100 million
(DBN)

____________

Climate:

Europe’s Summer of Reckoning Is ‘Just the Beginning’
(DBN)

Greece hit by wildfire hell
(DBN)

Emptying Countryside Leaves ‘No Simple Solution’ to European Wildfires
(DBN)

Blazes burning with the intensity of 'atomic bombs': Europe enters a new era of mega fires
(DBN)

Here’s why Europe’s hot summers are becoming an expensive challenge
(DBN)

Wildfires Slow in France and Spain, but Worse May Be Ahead
(DBN)

Stranded Boats, Out-of-work Fishermen As Danube Hits Record Lows
(DBN)

Cooling Emissions Are Set to Triple by 2050 as Heat Waves Intensify
(DBN)

____________

Sports:

Bayern Munich shuts the door on financial assistance for 1860 Munich
(DBN)

Welsh Rugby Union confirms Ospreys or Scarlets will become defunct
(DBN)

End of an era: historic Brescia declared bankrupt and set to be dissolved
(DBN)

The Trump Family FIFA Money Machine • Selling stakes in the beautiful game. What could go wrong? • Secret Talks With Kushner Led to FIFA’s Controversial Sale Plans • What does FIFA’s private equity push entail?
(DBN)

____________

Tech:

Residents Furious at Plan to Seize and Destroy Their Homes for AI Data Centers
(DBN)

Trump Administration Is Repurposing Federal Land for A.I. Data Centers
(DBN)

Microsoft’s cloud business boosts sales as AI investment climbs to $41bn
(DBN)

Data Centers In Space: An Absurd Fantasy Dumber Than Running Hundreds Of Tests On A Drop Of Blood
(DBN)

Anthropic’s New AI Model Can Identify More Software Bugs Than Ever. Microsoft Is Struggling to Fix Them Fast Enough.
(DBN)

META stock plunges 10% amid dwindling free cash flow • Meta shares drop on falling profits and weak sales forecast • Meta's free cash flow decline underscores soaring cost of AI race
(DBN)

Krugman: When the Chips Are Down - This feels like the end of the beginning
(DBN)

Even China’s A.I. Powerhouses Can’t Figure Out How to Profit Off A.I.
(DBN)

Elon Musk Launches New Service Where You Can Send Him All Your Money and Hope for the Best
(DBN)

A.I. Companies Are Recruiting Electricians and Carpenters by the Thousands
(DBN)

Hack writers fuming after ChatGPT starts refusing prompts to copy a specific author’s style
(DBN)

Anthropic A.I. Model Finds Flaws in Tough-to-Crack Encryption Algorithms
(DBN)

Why AI makes central banking tougher
(DBN)

Sick of A.I.-Generated Content? The ‘Slop Janitor’ Is Here to Help.
(DBN)

The US wants Asia to use its AI — but China dominates cheaper models
(DBN)

Mark Zuckerberg Blasts Centralization of A.I. Power
(DBN)

A backlash against Anthropic is brewing in Silicon Valley
(DBN)

Amazon Is Gutting Its AI Division After Sustained Failure
(DBN)

South Korea’s Memory Chip Giant Defies A.I. Market Jitters
(DBN)

____________

UK:

Daily Mail publisher seeks £10mn upfront from Prince Harry and other privacy claimants
(DBN)

Bank of England policymakers keep rates on hold but more back hike
(DBN)

London population sees first 'real' fall for 37 years as 420,000 move to other parts of UK
(DBN)

____________

Canada:

Canadian insolvencies hit a 17-year high
(DBN)

Prof. Roderick J. Wood recently honored by CBA for his ‘immense influence’ on the field of commercial law
(DBN)

____________

MENA:

Trump says U.S. will give Iran a ‘beating’ after surprise attack • US launches fresh airstrikes in Iran • US hits dozens more targets in Iran as violence widens • US strikes Iran again as conflict widens across Mid-East • Iran says it will 'punish the aggressor today' after 'heavy wave' of US strikes • Why Iran chose to restart the fight after the US stopped firing
(DBN)

Hormuz Traffic Shows Defiance
(DBN)

Iran to get Chinese shoulder-launched missile systems in weeks, sources say
(DBN)

US-Saudi strikes in Iraq push region into ‘uncharted territory’, analysts warn • Saudi defense minister holds urgent meeting with Trump after Iraq strikes • Saudi Arabia said to eye coalition to shield Red Sea shipping; Houthis mull transit fee
(DBN)

US military mulls new cellphone ban for troops after fury over Meta Glasses video
(DBN)

Two Ships Hit in Apparent Drone Strike at Egyptian Port
(DBN)

____________

Ireland:

Insolvency, restructuring and the power of early intervention
(DBN)

____________

Russia:

"Putin's System Is Beginning To Devour Its Own" 4
(DBN)

Russia Charges Telegram’s Founder With Facilitating Terrorism
(DBN)

Ukraine Says It Hit Major Rosneft Refinery in Russia’s Ryazan
(DBN)

NATO scrambles fighter jets after ‘Russian missile hits Poland’ as children among 8 dead in Ukraine strikes
(DBN)

____________

China:

Debt restructuring centres in legal practice
(DBN)

____________

Germany:

Germany's GDP grows 0.9% Y/Y
(DBN)

____________

South Korea:

Personal Bankruptcy Filings Hit Record, Set to Top 160,000 This Year
(DBN)

South Korea’s stock-market boom is collapsing spectacularly • ‘My life’s screwed’: Korean investors stress out after AI bubble bursts • Reality bites for South Korea’s memory chip wonder-stocks • Why did South Korean stocks just crash?
(DBN)

____________

Romania:

Second auction for bankrupt Romanian shipyard Mangalia fails
(DBN)

____________

India:

Supreme Court: Operational creditors cannot continue civil suits or arbitration after resolution plan approval if claims were not crystallized
(DBN)

IBC moratorium shields only corporate debtor, not promoters, directors: SC
(DBN)

One Workman Cannot Represent Others In IBC Proceedings Without Authorization: NCLT Kochi
(DBN)

____________

China:

Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
(DBN)

Chinese stocks on track for worst month in decade
(DBN)

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