August 12, 2025

The Daily Bankruptcy News

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Law:

Biglaw’s Waiting For ‘A Second Shoe To Drop’ Before Matching Milbank’s Summer Bonuses
(DBN)

American Bar Association adopts resolution against Trump's law firm crackdown
(DBN)

Law firms stayed busy in second quarter but uncertainty looms - report
(DBN)

Norton Rose’s Feud Heats Up With Ex-Partners’ Legal Tech Outfit
(DBN)

Another Day, Another Merger: Biglaw Firm Scoops Up Midsize Firm Gutted By Departures
(DBN)

Print Email Share To: Facebook LinkedIn Taft to Absorb Morris Manning, Boosting Southeast Presence
(DBN)

Second Quarter Delivered Eerie Calm For Law Firms Waiting For Tariff Economy Slump
(DBN)

‘Repressed’ lawyer, 51, quits high-flying career to create adult content: ‘Sexual awakening’
(DBN)

Boies Schiller sanctioned nearly $15K for ‘uniquely eye-opening breakdown in civility’
(DBN)

SCOTUSblog founder Tom Goldstein had motive for money offers to firm manager, prosecutors allegeProsecutors add allegations against poker-playing Supreme Court lawyer GoldsteinSCOTUSblog’s Goldstein Facing New Allegations in Criminal Case
(DBN)

Raw politics now drives enforcement at the Justice Department’s civil rights division
(DBN)

Trump's big bill is powering his mass deportations. Congress is starting to ask questionsICE Detains Green Card Holder Returning from Vacation After 23 Years in USCommunity Organizer Slams “Fascist ICE Agents” After Arrest of U.S. Citizen Documenting RaidsMAGA Couple Regrets Trump Vote After Terrifying Border Patrol StopFear of immigration raids turns California community into ghost town
(DBN)

General involved in Trump's L.A. military deployment testifies he didn't hear protests described as "rebellion"
(DBN)

Man accused of road rage killing was investigated for 2 other murders: Police
(DBN)

Mom's boyfriend abused toddler with wooden paddle before selling girl to meth dealer: Cops
(DBN)

Teen said he gunned down a random Uber driver to 'let some steam off': Police
(DBN)

Man mows down pregnant ex with Ford F-150, blows her away in hail of 21 bullets: Cops
(DBN)

U.S. Cities Are Lowering Education Requirements for Cops
(DBN)

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Judges:

BK WD NY: Bankruptcy Judgeship Vacancy - [Extension of application period until September 5, 2025]
(DBN)

Cybersecurity Measures Strengthened in Light of Attacks on Judiciary’s Case Management System
(DBN)

In Election Cases, Supreme Court Keeps Removing Guardrails
(DBN)

Justice, democracy, and law
(DBN)

Supreme Court approval rating sinks to a new low, poll finds. What caused shift?
(DBN)

Illinois Cases Offer SCOTUS Chance to Redefine Bribery Law Again
(DBN)

Supreme Court Faces Decision on Case Urging Overturn of Same-Sex Marriage
(DBN)

Landmark trial kicks off over Trump's use of US military in policing role
(DBN)

Judge eviscerates DOJ's 'demonstrably false' rationale for unsealing Epstein, Maxwell docs
(DBN)

Trump Administration Rejected by Court in Spending Data Fight
(DBN)

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Wall Street:

US Stock Futures Drift as Traders Await CPI Report
(DBN)

Stocks finish lower as traders look ahead to CPI data
(DBN)

BofA Says Record Number of Investors See Stocks Overvalued
(DBN)

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Layoffs:

A Third Of CEOs Plan To Axe Jobs Over The Next Year
(DBN)

UPS extends buyout offer deadline after low driver interest
(DBN)

Massive layoffs hit 1,300 Texans at scandal-plagued nonprofit
(DBN)

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Climate:

Feel sticky this summer? It’s been record muggy East of the Rockies
(DBN)

The government is literally telling firefighters “help is not on the way”
(DBN)

Milwaukee area drying out after weekend rain causes record flooding on multiple rivers
(DBN)

Countries across Europe hit by wildfires as new heat wave arrives
(DBN)

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Tech:

A blue-collar bloodbath is inevitable
(DBN)

AI Is Talking Behind Our Backs About Glue-Eating and Killing Us All
(DBN)

Trump opens door to Nvidia selling advanced chips to China for a feeIs It a Tax, or a Payoff?What Trump’s Nvidia and AMD China deal means for the world
(DBN)

How Profit-Driven AI Jesus Chatbots Prey On Prayer-Driven Christians
(DBN)

Elon Musk's Grok Calls Trump 'Most Notorious Criminal' in Washington, DC
(DBN)

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Autos:

Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plantFord Unveils Its 'Next Model T Moment' With $5-Billion EV Gamble And The World's Most Affordable Electric Pickup
(DBN)

Here’s what U.S. automakers are saying about Trump’s changing EV policies
(DBN)

US Restarts EV Charger Funding After Court Blocked Earlier Halt
(DBN)

California Stalls on EV Subsidies as Trump Cuts Federal Rebate
(DBN)

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Steel:

Explosion at US Steel plant in Pennsylvania leaves 1 dead, dozens hurt or trapped under rubbleClairton Coke Works plant explosion leaves 1 dead & dozens hurt as fire fighters battle to save people trapped in rubble
(DBN)

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Healthcare:

Trump Surgeon General Tears Into RFK Jr.’s ‘Failed’ Response to CDC ShootingRFK Jr. Visits the CDC Following Deadly Attack on the Agency
(DBN)

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Education:

Trump’s Tax Bill Will Starve Public Schools. Kids are Next
(DBN)

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Gambling:

Online sports betting is showing up in bankruptcy court
(DBN)

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Food/Beverage:

LI franchisees of Dickey’s Barbecue Pit roast chain for money woes amid scathing lawsuits: ‘Worst financial decision I ever made’
(DBN)

Houston's District 7 Grill blames remote work shift in bankruptcy filing
(DBN)

Lawsuit, bankruptcy, bread bowls: 14 Texas Panera locations closed
(DBN)

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Ride Hailing:

GM Plans Renewed Driverless-Car Push After Cruise Debacle
(DBN)

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Utilities:

Puerto Rico Board Firings Entangle Prepa Bankruptcy Dispute
(DBN)

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Entertainment Venues:

Inside Avant Gardner’s Yearlong Payment Crisis That Led to $155 Million Bankruptcy
(DBN)

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Economy:

Small US Firms Paying Trump Tariffs Face a $202 Billion HitSouth African coalition party says US trade deal may hinge on race policiesSmall businesses raise prices as Trump’s tariffs hit Main StreetUS Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say Trump extends China tariff deadline by 90 days Trump chill blows through Swiss AlpsA pause on higher tariffs for China is due to expire Tuesday. Here's what to knowWhy the U.S.-China Tariff Deadline Extension Is Coming Down to the WireMexico Makes Tomato Price Changes in Response to Trump's TariffsTrump Says Gold Imports Won’t Be Tariffed in Reprieve for MarketTrump's Trade War With China Threatens These Key Green TechnologiesDebt, consumer habits and tariffs push chains with NJ stores into bankruptcy
(DBN)

Trump Bid for Cut of Chip Revenue Risks ‘Dangerous World’
(DBN)

Bessent on Tariffs, Deficits and Embracing Trump’s Economic Plan
(DBN)

The Next Financial Crisis
(DBN)

Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report
(DBN)

Fed to cut rates next month as tariffs give prices one-time spur: survey
(DBN)

Average U.S. household debt reaches $152K; Here’s a breakdown of what Americans owe
(DBN)

Wall Street is concerned about the reliability of government inflation data on eve of CPI
(DBN)

Americans Have A Bleak View Of The Economy, Survey Says
(DBN)

Canadian Car Visits To U.S. Plunge 37% In July—Seattle, Portland, Detroit Hit Hardest
(DBN)

Recession is Still Coming, Warns Reagan Economic Adviser
(DBN)

Very telling sign that the US is on course for recession
(DBN)

Trump Rages at Nobel-Winning ‘Deranged Bum’ in Late-Night Meltdown
(DBN)

Krugman: The Political Economy of Incompetence
(DBN)

Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk
(DBN)

USA Marches Toward State Capitalism With American Characteristics - Trump Imitating CCP by Extending Control Deeper Into Economy
(DBN)

H-1Bs are wreaking havoc on American workers
(DBN)

New Social Security Garnishments Will Likely Start Soon: What To Know
(DBN)

Trump Tax Law Squeezes Poor, Boosts Income For Wealthy, CBO Says
(DBN)

DOGE’s AI Plan to Kill 100,000 Rules Has a Bark Bigger Than Bite
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Why It’s Actually a Good Time to Buy a House, According to a Zillow Economist
(DBN)

August ICE Mortgage Monitor: Home Prices Continue to Cool
(DBN)

Housing August 11th Weekly Update: Inventory down 0.8% Week-over-week; Down 10% from 2019 Levels
(DBN)

California senior dropped by her insurer went from paying $1,100 to nearly $8,000 under 'last resort' plan
(DBN)

Inside America's most expensive neighborhood — and it's not Beverly Hills
(DBN)

Developer whose bankrupted companies defaulted on $57M loan seeks personal protection from CT lender
(DBN)

Canadians Furious About Trump Flee Their Private Florida Community
(DBN)

Wohali files for bankruptcy with debt totaling more than $13 million
(DBN)

Former SF WeWork location up for sale at 70% discount
(DBN)

Sonoma properties being sold off after alleged Ponzi scheme falls apart
(DBN)

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Municipalities:

Puerto Rico at a Crossroads FOMB Shake-Up, PREPA’s Last Stand, and the Battle Between Creditors and Citizens
(DBN)

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Oil/Gas:

Toxic Shale Drilling Wastewater Threatens Top Oil Fields, Texas Agency Warns
(DBN)

Houston oil giants brace for lowest quarterly earnings in years
(DBN)

Hedge Funds Flip On Green Energy And Start Betting Against Oil
(DBN)

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Politics:

How much is Trump pocketing off the Presidency?
(DBN)

Nobody knows what Trump is talking about anymore and no one seems to care
(DBN)

Trump Floats Deploying National Guard to New York, Chicago, and LA After DC Crack Down
(DBN)

Democratic mayors decry Trump’s ‘political charade’ in DC
(DBN)

Trump Demands DC Cops Get Respect. He Pardoned Hundreds Who Beat Those CopsNorton slams ‘historic assault’ on DC home rule by TrumpDonald Trump deploys National Guard in Washington over ‘safety emergency’Widespread Discontent Among GuardsmenCan Trump Federalize D.C.?Trump Plots Crackdown After Seeing Homeless People on the Road to His Golf CourseAre Trump's Claims About 'Dangerous' Washington, DC Backed By Data?Durbin slams Trump taking control of DC police as ‘political theater’Jeffries hammers Trump for seizing control of DC police: ‘No basis’CNN’s Dana Bash pushes back on Trump: Jan. 6 was DC’s ‘most violent moment in recent history’House Oversight Dems rip Trump’s ‘brazen power grab’Trump activates National Guard, names DEA commissioner to lead DC police forceDC city council member: Trump decision ‘dangerous escalation of power’
(DBN)

Judge denies DOJ bid to unseal grand jury material in Ghislaine Maxwell caseGhislaine Maxwell Hit by Wild Claim She Tried to Give Trump Dirt to Biden
(DBN)

Kennedy’s MAHA strategy won’t be publicly released Aug. 12
(DBN)

Lost Cause: Hegseth Is Honoring Confederate Lies, Not Actual History
(DBN)

Teamsters are backing some Republicans in the midterms
(DBN)

Sanders shrugs off Vance as possible MAGA successor: ‘Doesn’t matter to me who heads the Republican Party’
(DBN)

‘She’s on Her Knees’ But ‘Not for Praying’: Laura Loomer Takes Feud With Marjorie Taylor Greene to the Next Level
(DBN)

Abbott: Texas redistricting fight ‘could literally last years’Newsom sends letter to Trump urging him to halt redistricting pushNewsom Says He’ll Halt State Redistricting If Trump Backs DownGov. Abbott says Republicans are considering expanding GOP congressional seats being sought beyond the 5 already proposed
(DBN)

Farmers Fume at Measly Deal to Make Way for Trump’s New $1.5B Golf Club
(DBN)

Trump Eyes White House Roof in Odd Follow-Up to His Wandering
(DBN)

The Long, Strange Trip of Rick Perry
(DBN)

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Fintech:

CFPB moves to hold Synapse accountable for missing customer funds
(DBN)

Synapse bankruptcy trustee and CFPB may settle possible CFPB adversary action
(DBN)

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Student Debt:

Millions Of Americans Are Ignoring Their Student Loan Bills
(DBN)

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Wind Energy:

TPI Composites files for Chapter 11 bankruptcyWind Blade Maker TPI Composites Files for Bankruptcy in TexasOaktree to Take Over Wind Blade Maker TPI After Bankruptcy
(DBN)

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Crypto:

FTX Investors Sue Law Firm, Alleging Role in Exchange's FraudFTX users bolster lawsuit claiming law firm was ‘key’ to FTX fraud
(DBN)

Do Kwon Expected to Plead Guilty Over $40 Billion Terra Collapse
(DBN)

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Telecom:

Liberty Puerto Rico sees creditors take action amid revenue decline
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (47 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Tariffs and Turmoil: How Trade Policy Is Driving Corporate Bankruptcies
(DBN)

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Involuntary Bankruptcy:

1st Circuit affirms deadlines in involuntary bankruptcy
(DBN)

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Safe Harbors:

Second Circuit Shields $6B Madoff Redemptions from Clawback Under Bankruptcy Safe Harbor
(DBN)

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Labor:

Bankrupting Labor Power
(DBN)

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Bankruptcy Scholarship:

Bespoke, Tailored, and Off-the-Rack Bankruptcy: A Response to Professor Coordes's "Bespoke Bankruptcy"
(DBN)

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Aviation:

Spirit Airlines raises going-concern doubts, months after exiting bankruptcySpirit Airlines Warns It May Not Survive Without New Funding
(DBN)

Delta Plane Clips Another Aircraft Ahead of Takeoff
(DBN)

____________

Cannabis:

Pot Stocks Soar as Trump Considers Drug Reclassification
(DBN)

____________

Transit:

Pennsylvania House makes last-ditch effort to stave off cuts at Philadelphia's public transit agency
(DBN)

____________

Education:

Sex, faith, denials: A Georgia Baptist college faces a reckoning
(DBN)

____________

Retailing:

Saks Chapter 11 bankruptcy fears rise as bills go unpaid
(DBN)

Claire’s Somehow Missed the Trinket BoomMall staple Claire’s has filed for bankruptcy twice. Here’s what could happen to the brand now
(DBN)

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Pharma:

Community pharmacies are in crisis. Three things need to change
(DBN)

____________

Solar:

The story behind Spain’s solar power meltdown
(DBN)

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Imaging:

Kodak Faces Another Crisis Moment After Q2 Loss As Debt Threatens SurvivalKodak warns investors it might not be around much longerEastman Kodak shares tumble as Q2 earnings swing to loss
(DBN)

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Comic Books:

Diamond Comics Was Losing $1.3 Million Dollars A Week This April Alone
(DBN)

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Sovereigns:

Emerging countries' debt payments to private lenders dwarf those to China
(DBN)

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UK:

Government lines up insolvency firm in case of Thames Water collapse
(DBN)

5.7m don’t believe they’ll ever be financially independent
(DBN)

England legend John Barnes faces fresh bankruptcy threat after racking up debts of £1.5mEngland legend faces bankruptcy after being left penniless with £1.5m debt
(DBN)

Is Claire's Accessories closing down: bailiff warning for staff after US collapse - are all UK stores shutting
(DBN)

Saifuzzaman Chowdhury's £170m property empire in UK enters bankruptcy amid corruption probe
(DBN)

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Canada:

Not another Boring Bulletin: Stays of Performance Bonds in CCAA Proceedings
(DBN)

Dozens of properties remain to be liquidated in massive northern Ont. real estate selloff
(DBN)

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Russia:

1 in 5 Russian Developers at Risk of Bankruptcy as Mortgage Costs Soar
(DBN)

Ukrainian Support for War Effort Collapses
(DBN)

Zelenskiy calls Indian, Saudi leaders ahead of Trump-Putin talks
(DBN)

Trump knocks Zelensky for resisting ‘land swap’ with Russia
(DBN)

What Vladimir Putin wants from Donald Trump at Alaska summit
(DBN)

Trump says he'll know if Putin wants peace deal with Ukraine soon into their Alaska meeting
(DBN)

Trump, Putin and the future of Ukraine
(DBN)

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China:

State-backed developer China South City gets liquidation order
(DBN)

China's unemployed young adults who are pretending to have jobs
(DBN)

China urges local firms not to use Nvidia's H20 chips
(DBN)

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India:

India pushes ahead with US trade talks despite tariff hike to 50%
(DBN)

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MENA:

The Fantasy Behind Netanyahu’s Invasion of Gaza City
(DBN)

Fury after Western Wall defaced with ‘Holocaust in Gaza’ graffiti
(DBN)

Satellite Photo Shows Israel Military Buildup Near Gaza
(DBN)

Norway’s $1.9 Trillion Wealth Fund Sells Off Israeli Assets
(DBN)

____________

France:

Macrons hired investigators to research US influencer Candace Owens
(DBN)

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Brazil:

US is planning new sanctions on Brazil, says Jair Bolsonaro’s son
(DBN)

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India:

IBBI proposes mandatory recording of CoC bidder eligibility in CIRP
(DBN)

BluSmart Faces Complex Insolvency Battle Over Locked Assets
(DBN)

____________

South Africa:

The Liquidation Cartel: How MTI’s R450 Million Vanishing Act Previews Banxso’s Fate
(DBN)

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