August 22, 2025

The Daily Bankruptcy News

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Law:

After striking deal with Trump, this BigLaw firm worked with liberal groups to secure pro bono wins in 2 cases
(DBN)

Paul Weiss & Kirkland Doing Free Trump Commerce Department Work
(DBN)

Law Firms Look Like Enticing Targets for Outside Investors
(DBN)

Can investors buy in to Big Law? Burford Capital bets on it
(DBN)

Thomson Reuters CEO: Legal Profession Faces ‘Biggest Disruption In Its History’ From AI
(DBN)

Here Is How Big Law Is Preparing to Pay for the AI Onslaught
(DBN)

Agentic AI Is The ‘Fetch’ Of Legal Tech And We Need To Stop Trying To Make It Happen
(DBN)

A Secret Weapon For Young Lawyers To Look Like Rainmakers Before They Have An Umbrella
(DBN)

A&O Shearman Collects $3.7 Billion in First Post-Merger Year
(DBN)

In-House Leaders Say Lawyers At These Biglaw Firms Are Client Service ‘All-Stars’ (2025)
(DBN)

First-time bar pass rates hit 82%, AccessLex study says
(DBN)

Let The Liar Lie: Embracing The Obstinate Witness
(DBN)

$675K settlement in suit against Schnader Harrison over alleged misuse of retirement funds gets preliminary OK
(DBN)

Prosecutor SHOCKED That Being A Lawyer Does Not Stop Cops From Arresting Her In Embarrassing Viral Video
(DBN)

NY appeals court dumps Trump’s $500 million fraud fine but upholds judgment N.Y. Court Affirms Trump Civil Fraud Ruling, Vacates Massive Damages Compromise decision in Trump civil case tosses nearly $500M disgorgement order to pave way for appeal Trump half-billion-dollar civil fraud fine overturned by New York appeals courtLetitia James Responds After Trump's NYC Civil Fraud Penalty OverturnedDonald Trump Reacts to Massive Legal Victory in New York
(DBN)

Trump Demands 'Free Tina Peters,' Threatens 'Harsh Measures'
(DBN)

ICE aims to spend millions on decked-out vehicles for D.C. operationUganda will accept third-country deportees from US All 55 Million Active Immigrant Visas Under Review, Trump Admin SaysIllegal immigration hit a record-high of 14 million in the US in 2023, Pew report finds ICE is joining D.C. police patrols. Moped drivers are an early targetMom With Green Card Detained for 10 Days After Family Vacation ReleasedAppeals court panel clears way for Trump admin to end TPS for Hondurans, Nepalis and NicaraguansUS Citizen Says She Was Detained by CBP for 3 Days After Wrong Turn‘This cannot be normalized’: Blue cities and states rebuff White House over immigration enforcement$50K bonuses, reduced age minimums and Superman: How ICE will fill its ranksHow ICE Became Trump’s Secret ArmTexas Is Catching Up To California In Number Of Unauthorized Immigrants, Pew Data ShowsLawyers ask judge to order ICE to free Spanish-language journalist from immigration detentionTrump's immigration crackdown brings checkpoints and new fears to WashingtonICE Pushes to Deport Double Amputee in US Since Age 2 After Over 40 Years
(DBN)

'Filed as revenge': Abrego Garcia accuses Trump admin of 'unprecedented retribution,' asks judge to dismiss smuggling case
(DBN)

Alina Habba Can’t Pretend To Be U.S. Attorney AnymoreAlina Habba Blocked From Handling Cases in Rebuke to TrumpGOP Judge Declares Alina Habba's Actions 'Void,' NJ Appointment Unlawful
(DBN)

Trump US Attorney in Virginia Resigns, Succeeded by Competitor
(DBN)

F.B.I. Plans to Lower Recruiting Standards, Alarming Agents
(DBN)

Senate Democrat predicts ‘day of reckoning’ for private prison employees
(DBN)

Uvalde school officials holding back key emails even after court order
(DBN)

On 36th Anniversary Of Parents’ Shotgun Killing & Just Before Big Hearing, Skeptical L.A. DA Vows To “Evaluate Our Final Position Based On The Evidence Presented”
(DBN)

Missing Mom of 5 Kids Found Alive in Woods After Days Without Water or Food
(DBN)

Pulse Memorial’s rainbow crosswalk removed overnight in Orlando, Florida
(DBN)

Man with 'online fixation' traveled 1,000 miles to the doorstep of a 14-year-old: Cops
(DBN)

Dad kills daughter and wraps pride flag around her body 'as a way to honor her': Police
(DBN)

Man killed ex in front of family during argument over relatives staying for Thanksgiving
(DBN)

Former lawyer strangles girlfriend months after he was ordered to stay away from her: Cops
(DBN)

Man arrested after thrown sex toy at WNBA game strikes 12-year-old girl
(DBN)

Trump no longer expected to sign executive order to punish those who burn American flags
(DBN)

Multistate Cemetery Theft Ring Busted by Police
(DBN)

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Judges:

The potential next target of Trump’s bid to control DC: Local courts
(DBN)

John Roberts Joins All Liberal Justices in Supreme Court Dissent
(DBN)

The justices have the easiest job in the judiciary
(DBN)

What the emergency docket actually looks like
(DBN)

Supreme Court could strike down several decades-old precedents in major disputes in upcoming term
(DBN)

Judge Hands Trump Admin Major Legal Loss on Alligator Alcatraz
(DBN)

State Department can’t deny visas based on Trump travel ban, judge rules
(DBN)

Despite panic-injected headlines, Supreme Court won’t overturn gay marriage
(DBN)

Senate judicial confirmation delays spark President Trump’s ire
(DBN)

First Amendment likely protects student drag show at West Texas A&M, 5th Circuit says
(DBN)

Trump Gains New Texas Trial Court Vacancy as Judge Steps Back
(DBN)

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Wall Street:

 

We may be facing the dotcom bubble 2.0
(DBN)

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Layoffs:

US applications for jobless benefits rise last week, but layoffs remain historically low
(DBN)

CDC finalizes roughly 600 layoffs; union says workforce ‘decimated’
(DBN)

FBI association accuses Director Kash Patel of violating due process in high-profile firings
(DBN)

Another 25 former Powin employees will be laid off after bankruptcy, asset sale
(DBN)

Mass layoffs hit freight-related firms, over 3,000 jobs cut
(DBN)

Utility services provider eliminating 126 jobs in North Carolina
(DBN)

Saks Global Cuts 90 Jobs
(DBN)

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Tech:

US Senator Sanders favors Trump plan to take stake in Intel and other chipmakers
(DBN)

AI tools are nearing their 'Uber' moment. It may mean sticker shock for businesses.
(DBN)

This is the critical detail that could unravel the AI trade: Nobody is paying for it.
(DBN)

Brace for a crash before the golden age of AI
(DBN)

Is the AI bubble about to pop? Sam Altman is prepared either way.
(DBN)

Microsoft AI CEO Mustafa Suleyman: Chatbots are causing psychosis
(DBN)

‘Godfather of AI’ issues terrifying warning the tech he created will take over the world
(DBN)

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Travel:

They’re Rich, They Travel and They Love to Complain
(DBN)

Visa Interview Wait Times Are Skyrocketing
(DBN)

Trump Makes US Entry Lengthy, Costly for Workers and Travelers
(DBN)

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Water:

Millions More Americans Are Being Exposed to Contaminated Water
(DBN)

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Consumer Finance:

Number of Americans Considering Buy-Now-Pay-Later Loans Hits Record High
(DBN)

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Religion:

Is empathy a sin? Some conservative Christians argue it can be
(DBN)

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Economy:

Wall Street is scared that we’re looking at the end of the Fed’s independence
(DBN)

Trump Aims to Win Majority on Fed Board With Attempt to Oust Lisa Cook
(DBN)

Fed’s Hammack Says She Wouldn’t Cut If Meeting Were Tomorrow
(DBN)

Kansas City Fed’s Schmid shows hesitation about widely expected September rate cutFed’s Schmid Says Modestly Restrictive Policy Still Appropriate
(DBN)

Federal Reserve minutes highlight split over effects of Trump’s tariffs on inflation
(DBN)

Trump’s Attacks on Institutions Threaten a Bulwark of Economic Strength
(DBN)

US Manufacturing Expands at Fastest Pace Since 2022 on DemandSolid manufacturing, services signal rebounding Q3 growth: S&P Global
(DBN)

US Jobless Claims Rise, Adding to Signs of Slowing Labor Market
(DBN)

Trump official signals DOJ will investigate Fed Governor Cook
(DBN)

Trump’s Nvidia and Intel meddling is a ‘scattershot method of crony capitalism’: Walter Isaacson
(DBN)

Trump immigration policy may be shrinking labor force, economists say
(DBN)

US Work Visa Update as Marco Rubio Announces New Pause
(DBN)

Paul Krugman: Trump administration ‘about to ICE the economy’ with immigration crackdown
(DBN)

Under Trump, US Immigrant Population Shrinks for First Time in 60 Years
(DBN)

CEO-to-worker pay gap surges to 632 to 1 at US’s lowest-paying large firms, study shows
(DBN)

Bessent says tariff revenue will go to national debt before rebate checks The Defunct Economist Who Shapes Trump’s Trade Policy U.S. And EU Reveal Trade Deal Details—Here’s How Tariffs Will Affect Cars, Drugs And Other GoodsThe US and EU release a bare-bones account of their trade deal, but it's a work in progressNavarro expects no extension for 50 percent tariffs on India for buying Russian oilTariffs are a money launderer’s best friendUS Launches Probe of Wind Turbines, Opening Door to More Tariffs
(DBN)

Consumer Resilience at Risk From Tariff-Induced Price Increases
(DBN)

The emerging reason why hiring managers are hitting the pause button
(DBN)

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds
(DBN)

Small-business optimism rises despite increased uncertainty in July
(DBN)

Oregon, Texas, Tennessee top list of states with highest occupational regulations
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Buyers Backing Out: July Home Deal Cancellations Reach Eight-Year High
(DBN)

Average rate on a 30-year mortgage holds steady at lowest level in nearly 10 months
(DBN)

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
(DBN)

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

Fix-and-flip real estate investors are pulling back
(DBN)

Americans Can Afford Only 28% Of Homes On The Market
(DBN)

Map Shows Cities Where House Prices Are Falling Fastest
(DBN)

Map Shows Where Home Buying Power Has Grown Across U.S.
(DBN)

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Oil/Gas:

The Feared Global Oil Glut Is Not Here, Yet
(DBN)

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Politics:

Trump's August approval ratings are in
(DBN)

Most Americans don't trust Trump. Even his own AI chatbot calls him a liar
(DBN)

White House Says Slavery Is Being Taught Wrong, Should Not Be So Negative
(DBN)

Trump FactCheck: The Smithsonian Institution includes “nothing about success, nothing about brightness, nothing about the future.”
(DBN)

Bill Pulte's Enemy's List
(DBN)

Trump staffers cash in after 7-month stints in the White House
(DBN)

Alex Jones Warns Trump’s Cankles ‘Collapse’ Is Imminent
(DBN)

Trump, GOP portray cities as chaotic dystopias in need of occupation
(DBN)

President Trump says he will patrol DC streets with police, military on Thursday, Aug. 21Why Washington Residents Aren’t Flooding the Streets to Protest TrumpSome DC crime victims ‘have been living this for 40 years’: US marshals chiefMilitary lawyers to handle civilian crimes in DCMAGA Mouthpiece Blasted for Dismissing Real People’s Concerns: ‘I Don’t Care What They Think’Pirro directs prosecutors to pursue tougher charges in DC but softens enforcement of some gun crimes
(DBN)

Anti-Mamdani Movement Is Fizzling
(DBN)

California begins debate on plan to counter Texas in nationwide fight over election mapsGov. Gavin Newsom signs redistricting plan to counter Texas' new congressional map
(DBN)

Texas’s New Map Is Racial Division by Another Name
(DBN)

Most say partisan redistricting threatens democracy: Survey
(DBN)

Trump lays out his redistricting endgame: A 100 seat Republican majority
(DBN)

Will Gavin Newsom’s Trump-ification help him win the White House?
(DBN)

Trump administration cuts California grant over transgender policies
(DBN)

Trump Abruptly Changes Strategy on Mail-Ballot Ban
(DBN)

‘They can kiss my ass’: Top Adams aide ran brazen pressure campaign, indictments claimFormer top aide to NYC mayor among 7 facing new charges in City Hall corruption probeFast-tracked karaoke bar permit and a chip bag of cash: New corruption accusations hit Eric Adams’ associates before election
(DBN)

The GOP’s big problem in selling the ‘big, beautiful bill’
(DBN)

Chip Roy, conservative antagonist in Washington, launches bid for Texas attorney general
(DBN)

Dem darling Talarico showered with Miriam Adelson-linked money
(DBN)

White House restores stalled CDC research funds
(DBN)

Fox News Plays Music Louder and Louder to Stop Ted Cruz Rant
(DBN)

Inmate at Ghislaine Maxwell's cushy new prison is booted to grim lock-up after slamming her in interview
(DBN)

He Asked Tiffany Trump to Marry Him. Then the Deals Started Coming.
(DBN)

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Bicycles:

'Such a brutal environment': gravel bike brand's parent company files for bankruptcy
(DBN)

When the Boom Goes Bust: Another Notable Bike Brand is on the Ropes
(DBN)

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Crypto:

Daily Scam Emails Trigger Class-Action Suit Against Kroll in FTX Bankruptcy Fallout
(DBN)

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Gambling:

Team King takes over IPI casino assets
(DBN)

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Retailing:

What Claire’s Once Gave Tween Girls
(DBN)

Car Toys files for bankruptcy, affecting more than 170 workers
(DBN)

How Target let Walmart steal its rizz
(DBN)

Walmart is becoming America’s tariff security blanketWalmart warns tariffs are pushing up costs
(DBN)

Walmart Slumps on Rare Profit Miss, Citing Higher Claims
(DBN)

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Entertainment:

The Summer Box Office Is Quickly Turning South
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Infowars Receiver Offers Path to Clear Logjam on $1 Billion Debt
(DBN)

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Sales:

§ 363 Sale of Genetic Information? (In re 23andme)
(DBN)

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Claims Agents:

FTX creditors sue Kroll for mishandling claims, exposing sensitive data
(DBN)

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Miscellaneous:

Video Killed the Radio?
(DBN)

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Aviation:

Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy
(DBN)

US flight attendants are fed up like their Air Canada peers. Here's why they are unlikely to strike
(DBN)

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Student Debt:

Some Borrowers Facing Major Change Within Months
(DBN)

Will New Rules Impact Your Student Loan Forgiveness? These Borrowers Are Impacted By Trump Administration Changes
(DBN)

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Renewable Energy:

Donald Trump’s attacks on renewables sector quash nearly $19bn worth of projects
(DBN)

US opens national security probe into imported wind turbines, components
(DBN)

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Healthcare:

Prospect Medical Holdings says CT hospital bidder news imminent
(DBN)

Florida Blue accuses The Villages Health of adding false codes to patient files in new bankruptcy filing
(DBN)

Modivcare Stock Crashes 40% Following Chapter 11 Bankruptcy FilingModivCare Stock Surges 32% After Hours Following Chapter 11 Bankruptcy Filing
(DBN)

DOJ subpoenas patients’ information in transgender care investigation
(DBN)

"Attacked from within": Health workers rage against RFK Jr.
(DBN)

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Media:

Fox launches streaming service in attempt to reach younger viewers, average viewer is 69
(DBN)

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Tourism:

The US tourism slump that never happened
(DBN)

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Food/Beverage:

Fourth US Italian Restaurant Chain Files for Bankruptcy This YearUpscale Italian restaurant files for bankruptcy for a second time putting its future in question
(DBN)

Analyst: Beyond Meat faces Chapter 11 bankruptcy as cash dwindles
(DBN)

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Sports:

Shilo Sanders' $11m bankruptcy battle looms over NFL future
(DBN)

USA Cricket severs ties with strategic partner ACE; risks bankruptcy
(DBN)

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Autos:

Hedge funds bet against European car firms as tariffs bite
(DBN)

Kicking the Tires on a New Car? Buy It Now, Experts Say
(DBN)


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UK:

UK’s third-largest steelworks taken under government control following insolvency
(DBN)

Retailers warn of rising prices
(DBN)

Prince William ‘unlikely’ to live at Buckingham Palace as King after latest move
(DBN)

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Canada:

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

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Russia:

Russia bombs US factory in one of war’s largest attacksRussia launches brazen overnight strike on US electronics factory in Ukraine injuring 19Russia’s strikes on U.S. factory show it has no interest in peace, Ukraine says
(DBN)

Pentagon says US will play a minimal role in Ukraine’s security guarantee
(DBN)

What Trump Really Needs to Do to End the Fighting in Ukraine
(DBN)

In Eastern Ukraine, Fear and Disbelief Over Proposal to Cede Land to Russia
(DBN)

Trump raises prospect of Ukraine attacks on Russia: ‘Impossible’ to win without attacking invader country
(DBN)

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Brazil:

Court Directs Oi, V.tal to Inform Brazilian RJ Court of Mediation Recommendation
(DBN)

Jair Bolsonaro Planned to Seek Asylum in Argentina, Brazil’s Police Say
(DBN)

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Mexico:

Trump Strikes on Mexico Cartels Could Backfire Disastrously, Experts Warn
(DBN)

Six severed heads found on busy city street alongside ominous message
(DBN)

Mexico City mayor says police have arrested 13 in connection with killings of her staffers
(DBN)

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China:

Xi Warns Unpaid Bills to Companies Could Damage Trust in Beijing
(DBN)

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MENA:

Israel Katz Issues 'Gates of Hell' Warning to Hamas Over Gaza City
(DBN)

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Germany:

Germany falls back into ‘recessionary territory’ as second-quarter GDP revised down
(DBN)

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Australia:

Jon Adgemis faces $1.8 billion debt showdown as bankruptcy hearing looms
(DBN)

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India:

Delays in admission process continue to be a challenge in insolvency cases says IBBI Chairperson
(DBN)

Do Creditor Rights Reduce Tunneling? Evidence from India's Bankruptcy Law Reforms
(DBN)

Govt To Draft Cross-border Insolvency Rules, Special NCLT Bench Likely
(DBN)

Resolution Professional's Failure To Individually Inform Homebuyers About Insolvency Proceedings Goes Against Principles Of IBC: NCLAT
(DBN)

Russia Dangles Discounts to Keep Indian Oil Trade Alive
(DBN)

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Austria:

Husband of "GNTM" star Barbara Meier files for personal bankruptcy
(DBN)

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