August 21, 2025

The Daily Bankruptcy News

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Law:

The demise of the US bankruptcy lawyer
(DBN)

Why Do More Big Law Lawyers Want Off the Partner Track?
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Spencer Fane Bolsters Bankruptcy Team with Tampa Partner
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Corporate Clients Aren’t Just Going To Forget About The Biglaw Firms That Made Deals With Trump
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King & Spalding Wants Associates to Log 2,400 ‘Productive’ Hours
(DBN)

EEOC data requests to law firms were not mandatory, agency says in court filing
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Striking the Balance: How to make alternative fee arrangements work for everyone
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Major Law Firms Invest Heavily in AI Adoption to Enhance Legal Services Efficiency
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Georgia Court Dismisses Legal Malpractice Appeal Against Greenberg Traurig Following Attorney’s Death
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The Best Law Schools For Public Service (2025)
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How The One Big Beautiful Bill Changes Retirement Planning For Lawyers
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Nashville: Suspended lawyer charged with murdering girlfriend
(DBN)

No Textualist Could Sign Off on Texas Redistricting Gambit
(DBN)

Interactive ‘ICE Detention Map’ shows 71% of detainees have no criminal recordNebraska announces plan for immigration detention center dubbed the ‘Cornhusker Clink’ICE Detains Dad Trying to Reinstate Green Card After Nearly 4 Decades in USICE Agents Violently Yank TikToker From Car During ArrestKristi Noem is pushing for ICE to buy and operate a fleet of deportation planes, sources sayPhone Searches at the US Border Hit a Record HighHow Green Card Holders Can Best Show 'Good Moral Character'
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Kilmar Abrego Garcia's attorneys accuse DOJ of 'vindictive and selective prosecution,' move to dismiss criminal case
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Trump blows past the Senate to put loyalists in charge of prosecutorial offices across the country
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Elon Musk must face lawsuit claiming he ran illegal $1 million election lottery
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Meet May Mailman, the lawyer leading Trump administration’s pursuit of universities
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Ed Martin Case Against Tish James So Bad, He’s Begging Her To Pretty Please Resign So It Looks Like He’s Done Something
(DBN)

The Sandwich Is Mightier Than The Sword
(DBN)

Trump says he has instructed lawyers to look into "woke" in Smithsonian museums
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Unredacted texts show Jeanine Pirro praising Trump, blasting Hannity while at Fox
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Armed Drones to Be Deployed at Schools To Stop Mass Shooters
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The inexorable rise of Latin America’s drug cartels
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California parole officials to decide if Menendez brothers should be released
(DBN)

Kohberger Files Sexual Harassment Complaint Over Prison Bullying: Report
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Rhode Island prosecutor under review after warning 'you're gonna regret this' during arrest
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Judges:

Supreme Court May Clarify Bankruptcy Powers Over Tax Penalties in Landmark Case
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Texas can’t put the Ten Commandments in certain school districts’ classrooms, judge says
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It’s Not Always Over When It’s Over: SCOTUS allows rearguments in some cases
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Amy Coney Barrett Offers Some Advice to Judges
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Judge calls Trump DOJ’s request to release Epstein grand jury records a ‘diversion’
(DBN)

Ex-judge gets law license back after suspension for taking $90K to do this
(DBN)

Amy Coney Barrett Thinks ‘Collegiality’ Keeps The Legal Profession From Being ‘Bleak’
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Donald Trump Suffers Major Immigration Legal Blow
(DBN)

Slain Judge Allegedly Involved In ‘Nasty And Sickening’ Sex Party RingKentucky judge killed by sheriff ran courthouse like 'brothel' -- traded sex for favors
(DBN)

Donald Trump Scores Court Win as Protections Blocked for 60,000 Migrants
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Judge Frank Caprio, Who Went Viral for His Courtroom Compassion, Dies at 88
(DBN)

Trump Admin Grapples With Supreme Court Dilemma on Birthright Citizenship
(DBN)

Donald Trump Scores Legal Win in 'Alligator Alcatraz' Fight
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A federal court took 2 years to figure out that gay people have First Amendment rights
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Judge tosses defamation lawsuit against Nancy Mace
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Wall Street:

Stock futures slip after a 4-day losing streak for S&P 500
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For stockpickers, AI is already both co-pilot and competitor
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Layoffs:

Tulsi Gabbard axes nearly half of spy agency staff in earthquake 'Deep State' shake-up
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Estée Lauder to cut up to 7,000 jobs as China and duty-free sales stay weak
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Tourism:

Canadians continue to shun US as number of trips to popular holiday state plummet
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Paris residents fight overtourism and the ‘Disneyfication’ of their beloved Montmartre neighborhood
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Retailing:

After bankruptcy filing, Claire's says it has sold most of its North American businessHundreds of Claire’s stores aren’t closing anymore—here’s why Claire's Gets $140 Million From IP White Knight to Save 795 Stores Across North America Claire’s strikes $140M private equity takeover deal, pauses store liquidationsBankrupt Claire’s to keep around 800 stores open after selling North American business for $104M
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As The Container Store cracks down, vendors wonder about its future
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Car Toys to sell off majority of stores after voluntary bankruptcy filing
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Target CEO to step down amid company strugglesTarget shares tumble as retailer picks new CEO, says sales fell againTarget hires a veteran as its new CEO, as it tries to turn itself around. Some say the move lacks 'pop.'Target struggles with turnaround as Q2 sales drop
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Bed Bath & Beyond takes a shot at California with recent announcementGov. Newsom reacts to Bed Bath & Beyond's refusal to open stores in California
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Walmart hikes sales and earnings outlook even as it says tariff costs are rising
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Student Debt:

Student Loan Forgiveness Backlog Surges
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Healthcare:

Modivcare Files For Bankruptcy As Restructuring Hands Control To LendersModivCare enters into Chapter 11 restructuring agreementModivCare Files for Chapter 11: $1.1 Billion Debt Reduction and Strategic Recapitalization Underway
(DBN)

Murphy's report details conditions inside Prospect's three CT hospitals. 'It was terrible'
(DBN)

Prospect Medical Sues Federal Agencies Claiming Bankruptcy Violation
(DBN)

RFK Jr. attacks pediatricians’ group over vaccine recommendations
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Education:

DEI closures at colleges leave students with ‘a different reality’
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School District Cancels In-Person Classes After Parts Stolen Off Buses
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Map Shows Best Public High Schools Across U.S.
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Trucking:

Major Dolche Truckload Bankruptcy Restructuring – 5 Key Facts & Industry Impact
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Economy:

FOMC Minutes: "Committee might face difficult tradeoffs" regarding Unemployment and Inflation Divided Fed worried about tariffs, inflation, labor marketFed officials see inflation just around the corner - and think consumers will bear the burden, minutes show
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White House aims to fast-track key Federal Reserve pick
(DBN)

Trump housing regulator accuses Fed governor Cook of mortgage fraud Trump team makes mortgage fraud its newest revenge toolFederal Reserve Governor Lisa Cook Reacts To Trump's Calls To Resign
(DBN)

Dallas Fed leader Lorie Logan considered for central bank chair, report says
(DBN)

Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud
(DBN)

How Prices for Common Groceries Have Changed Since Trump Took Office
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Meredith Whitney famously called the 2008 financial crisis. Here's the new problem with the U.S. economy, she says
(DBN)

The misery of auto tariffs is hitting families and factoriesU.S. and EU spell out tariffs for autos, pharmaceuticals, and moreBessent says U.S.-China trade truce is "working pretty well" Sony raises PlayStation 5 prices in U.S. as tariffs start to hit
(DBN)

Why Trump is really targeting India Trump's Tariffs Shock India, With New Delhi Weighing Its OptionsRussia expects India to keep buying its oil and seeks China-India-Russia talksSanctions-hit Indian refiner Nayara turns to dark fleet, tanker data showsRussia sees potential for LNG exports to IndiaIndia rate panel says US tariffs key drag on growth, flags benign inflation outlook
(DBN)

38% surge in Vegetables prices, most since 1940s; Shortage of workers to pick
(DBN)

There are no entry-level jobs anymore. What now?
(DBN)

CEO pay at top US companies accelerates at fastest pace in four years
(DBN)

Map Shows States With The Highest – And Lowest – Unemployment Rates
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A family of 4 now needs over $300K/year to live ‘comfortably’ in Massachusetts — why it’s suddenly so pricey
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Half of Gen X has a pension problem
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US Debt Clock
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World Debt Clock
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Real Estate:

California Home Sales Down Year-over-year for 4th Straight Month
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Fed Found Over 22,000 Mortgages Like Those Pulte Is Flagging
(DBN)

Map Shows Home Construction Boost in US Southern States
(DBN)

Housing freeze: High costs leave some buyers and current owners in the lurch
(DBN)

AIA: "Business at architecture firms remains soft" in July
(DBN)

Graffiti-tarnished towers in downtown L.A. remain in limbo
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Municipalities:

Cle Elum sought public input on taxes, fees, or asset sales amid bankruptcy
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Biofuel:

Biogas plant in northeast Wisconsin seeks bankruptcy protection
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Politics:

Fear of Trump funding ‘wrench’ escalates as Congress faces shutdown cliff
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Pentagon attacks Washington Post over report on Hegseth’s security costs
(DBN)

JD Vance and Pete Hegseth Heckled Loudly at Shake ShackShouts of 'Free DC' as Vance visits troops deployed in US capitalWhere’s JD Vance? VP takes eighth vacation in seven months MAGA Melts Down Over Hegseth’s Obscene Security Spending Being ExposedTrump Refuses to Pay for Hegseth’s Huge Personal Security Demands
(DBN)

Epstein Files Update: Judge Denies Trump's DOJ RequestDid Epstein Really Introduce Donald Trump & Melania? A Deep DiveWhite House’s New TikTok Push Epically Backfires With Flood of Epstein CommentsThe Monsters Behind Ghislaine Maxwell’s Missing Millions
(DBN)

‘America First’ Foreign Policy Really Just Means ‘Trump First’
(DBN)

Trump Escalates His War on Windmills
(DBN)

Republicans voted to slash Biden-era transportation grants. Their constituents aren’t happy.
(DBN)

Trump has snapped up more than $100 million in bonds since taking office
(DBN)

How the Right Is Winning Over Gen Z
(DBN)

Newsom pollster sees big support for California redistricting Newsom trolls his way to the top of social media! Kamala Harris in 2028? California Democrats like the idea of Gavin Newsom betterNewsom’s Trump act wins raves from DemocratsGavin Newsom's Redistricting Ballot Measure Chances of Passing—New PollObama applauds Newsom's California redistricting plan as 'responsible' as Texas GOP pushes new mapsCalifornia Republicans sue to pause Newsom's redistricting effortGavin Newsom, Kathy Hochul Issue Warnings After Texas Redistricting Vote
(DBN)

'We are the problem': California is trying to undo decades of liberal policies
(DBN)

Both parties expect a GOP map in Texas to clear a big hurdle in a national fight over redistrictingTexas Democrats plot to stall redistricting effort until Epstein files releasedTexas House passes GOP redistricting maps to give party five more seats
(DBN)

Several Texas Democrats join Rep. Nicole Collier in chamber protest
(DBN)

House Republican calls for ‘action’ from Johnson to end redistricting
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Even at the grocery store, Texas troopers don’t let Democrats out of sight after walkout
(DBN)

Mississippi Supreme Court map violates Voting Rights Act, judge rules
(DBN)

Supermajority of Washington residents oppose Trump’s police takeover, poll finds GOP States Sending Troops to DC: How Their Cities' Crime Rates Compare ‘South Park’ Heads to a Militarized D.C. in Next Episode, Then Will Skip Yet Another WeekNational Guard vehicle collides with civilian car near US Capitol, trapping one personStephen Miller blasts ‘stupid white hippies’ protesting DC crackdownLeavitt Admits ‘Fixing’ D.C. Crime Stats Amid DOJ ProbeJudge Jeanine Pirro Blows a Hole in Trump’s Crime Crackdown
(DBN)

‘Heartbreaking’ transportation cuts hit home in GOP districts
(DBN)

Paxton’s lead over Cornyn nearly cut in half: Poll
(DBN)

Laura Loomer flexes influence, racks up wins with Trump
(DBN)

Elon Musk Responds to Report He's 'Pumping the Brakes' on Third Party Plans
(DBN)

"Politicizing intelligence": Trump admin revokes security clearances of 37 U.S. officials A look at those Trump has targeted in tactic of revoking security clearances
(DBN)

Gabbard Ignored Plea From Acting NSA Director to Not ‘Purge’ Top MindGabbard’s Revenge Purge Immediately Runs Into a Major Problem
(DBN)

Nancy Mace Brags About ‘Helping Secure’ Historic Infrastructure Funds She Voted Against
(DBN)

Trump administration imposes fresh sanctions on four ICC officials
(DBN)

GOP Candidate Shares Clip Denying Atlantic Slave Trade
(DBN)

Zohran Mamdani Remains 'Candidate to Beat' as Cuomo, Adams Slide: Poll
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Media:

Trinity blasts back at Dr. Phil during ‘sham’ bankruptcy proceedingDr. Phil Fires Back, Denies $500 Million Claims and Calls Court Filings ‘Inflammatory’Dr. Phil's $500million lawsuit a month after bankruptcy filing — a legal expert breaks down 'reputational concerns'Dr. Phil Media Venture Lawyers Lose Bid to WithdrawDr. Phil’s Media Company’s Bankruptcy Battle: Court Denies Legal Team’s Withdrawal Request Amid Escalating Costs
(DBN)

Half of Americans say journalists ‘losing influence’ on society: Study
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Defaults:

U.S. Private Credit Default Rate Dips to 5.2% in July 2025
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Renewable Energy:

Trump says U.S. will not approve solar or wind power projects
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Pharma:

CVS unit must pay $290 million in drug whistleblower lawsuit, judge rules
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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (96 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

U.S. sees highest large-company bankruptcies in 15 years with 446 filings
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US Bankruptcies Hit Highest Level Since COVID
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Sales:

Selling Assets In Chapter 11, Subchapter V & Chapter 12: Under § 363/§ 1206 vs. Under A Confirmed Plan?
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Aviation:

Spirit Airlines Made a Mistake Amid Bankruptcy
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Airlines facing lawsuits over windowless ‘window seats’
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Airbus UK workers to strike for 10 days over pay
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Part Of Delta Air Lines Plane Wing Breaks Loose Mid-Flight
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Tech:

Wall Street falls as Nvidia, Palantir and other AI stars keep sinking
(DBN)

The warning signs the AI bubble is about to burst
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OpenAI logged its first $1 billion month but is still ‘constantly under compute,’ CFO says
(DBN)

Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks
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Defaults:

Leveraged Loan Default Rate Edges Higher in July, DDEs Dominate Default Volume
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Bicycles:

NS Bikes parent company 7anna files for bankruptcy
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Celebs:

Bankruptcy case still looms large for Buccaneers rookie safety Shilo Sanders
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Fintech:

Ripple lawyer fights Chapter 11 bankruptcy plan
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Buses:

Iowa City's electric bus fleet is stalled, waits for parts amid manufacturer's bankruptcy
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Comic Books:

Diamond Bankruptcy Liquidation Hearing Continued Until September 30
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Utilities:

Fire victims challenge PG&E settlement process in court
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Climate:

Rapid loss of Antarctic ice may be climate tipping point, scientists say
(DBN)

Forests managed by timber companies more likely to fuel megafires: Study
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UK:

UK Makes Plan to Take Control of Sanjeev Gupta’s Steelworks
(DBN)

British retailer WH Smith plunges 40% after cutting U.S. forecast on accounting error
(DBN)

UK gender pay gap begins at graduation as women quickly out-earned
(DBN)

Inflation rise driven by rising cost of essentials
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Ex-priest and ‘rave church’ leader guilty of 17 indecent assaults
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Canada:

B.C.'s veterinary college says it risks insolvency in 2026 if fees don't increase
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Canada courts Arctic allies to counter Russia
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American man who kayaked to Canada says he's claimed asylum, wants to find peace
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France:

Macron: Why I had to sue US influencer Candace Owens
(DBN)

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Venezuela:

4,000 Troops and 4,500,000 Militiamen: What to Know About the U.S.-Venezuela Standoff
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MENA:

Israel approves settlement project that could divide the West Bank
(DBN)

Israel approves settlement plan to 'erase' idea of Palestinian state
(DBN)

Israel enters first stage of planned assault on Gaza CityIsraeli forces enter outskirts of Gaza City, warn Palestinians to leave as offensive begins
(DBN)

Trump calls Netanyahu a ‘war hero’ and adds: ‘I guess I am too’
(DBN)

MAGA erupts after Israeli official charged in child sex ring flees U.S.
(DBN)

Palestinian State Recognition Backed by Nearly 6 in 10 Americans: Poll
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Russia:

NATO scrambles war planes as Russia launches strikes less 1 mile from border
(DBN)

Russia warns ‘there will be no peace’ and threatens to seize more of UkraineWhat’s next for Ukraine-Russia peace talks? 5 questions to ask heading into a potential trilateralRussia wants … Russia to have veto over Western security guarantees for UkraineRussia says it must be part of international talks on Ukraine’s security Russia says talks on Ukraine's security without Moscow are a 'road to nowhere' Zelenskyy urges quick progress on security guarantees, says possible summit site 'challenging' Russia's foreign minister derides 'clumsy' Western efforts on Ukraine war as NATO meets So Far the Only Thing Trump Has Won From Russia Is More RidiculePutin Gave Trump Strict 15-Minute Deadline For Late-Night Call to KremlinUkraine Says Russia Fired 614 Drones, Missiles as Trump Pushes for PeaceJD Vance Told Volodymyr Zelensky to 'Behave' During Oval Office Meeting
(DBN)

How to Avoid the Putin Slow-Walk: a New Trump Ultimatum
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Russian missiles target Ukrainian cities in largest attack for weeks
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Mexico:

Military Preparing Attacks on Mexican Cartels
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Can Congress Stop Trump from Starting a War in Mexico?
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China:

Windrose allegedly insolvent – claims made by own manager
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Singapore:

Singapore to Launch Insolvency Arbitration Protocol Next Week
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Germany:

Onygo Declares Insolvency: Shoe Chain Shuts Down All Stores in Germany
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India:

IBC as a preventive for funds diversion
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