August 27, 2025

The Daily Bankruptcy News

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Law:

Former Biglaw Associate Who Accused Partner Of Racial Slur Detained By D.C. Cops, FBI
(DBN)

Fed’s Cook Hires Star Trial Lawyer Who Left Firm to Fight TrumpFed’s Lisa Cook turns to top Washington lawyer Lowell in Trump fight
(DBN)

Ex-Skadden Partner Talks Taking on Trump With New Solo Firm
(DBN)

LexisNexis: Every Lawyer Will Have A Personalized AI Assistant
(DBN)

Extreme Work Quotas: Wrong On Multiple Grounds In Today’s World
(DBN)

Lawyer’s disciplinary probation should be revoked after he ‘failed miserably,’ hearing board says
(DBN)

‘Hail Mary legal theory’ in Arizona voting suit didn’t justify attorneys’ sanction, dissenting 9th Circuit judges say
(DBN)

Inside ICE, Trump's migrant crackdown is taking a toll on officers ICE agents burnt out and struggling with Trump’s immigration crackdown Waste of Money? Kristi Noem's new black-painted border wall is cooler and easier to climb than beforeInside ICE, Trump's migrant crackdown is taking a toll on officersScammers are targeting immigrants using fake ABA logo and credentialsABA Warns Public About Scammers Posing As Immigration LawyersSen. Blumenthal launches investigation of ICE after high-profile incidents in CT
(DBN)

The US wants to deport Abrego Garcia to Uganda. Critics there say the murky deal ‘stinks’Trump admin ‘absolutely forbidden’ from removing Abrego Garcia, judge saysAbrego Garcia's attorneys lambaste Trump admin for complaining about new filing
(DBN)

Former Trump White House Attorney Preaches ‘Justifiable Paranoia’ For Critics Of The President
(DBN)

Trump appeals ruling that kept fraud case intact, wiped penalty
(DBN)

Jack Smith’s Legal Team Fires Back Against Ethics ComplaintJack Smith probe’s basis ‘imaginary and unfounded,’ lawyers argue
(DBN)

Trump Loses a Lawyer—And Much More
(DBN)

Pirro’s office fails three times to win felony indictment of alleged attacker of FBI agent
(DBN)

Trump admin moves to dismiss Proud Boys civil lawsuit
(DBN)

Authorities say 'spiritual delusion' played role in deaths of Ohio husband, child who drowned in lake
(DBN)

Man with Babe Ruth's name allegedly used identities of dead baseball players to steal class action money
(DBN)

The Men Suing Over Their Partners’ Abortions
(DBN)

Trump vowed 10-year jail terms for monument vandals. His DOJ just gave one a slap on the wrist.
(DBN)

Mystery grows after dozens of piles of cremated human remains are found just outside of Las Vegas
(DBN)

Man Arrested For Burning US Flag To Protest Trump OrderWhat Trump's executive order to prosecute American flag burners will actually accomplishTrump flag burning executive order could flip First Amendment on its head with new court
(DBN)

Woman who said 'do or die' after allegedly stabbing her neighbor is in trouble again
(DBN)

TikTok 'brain cancer wife' kills husband and 2 of their kids, leaving toddler alone: Cops
(DBN)

Minnesota woman charged with using racist slur against Black child as her fundraising tops $800,000
(DBN)

How the N.Y.P.D.’s Facial Recognition Tool Landed the Wrong Man in Jail
(DBN)

Here are 10 cities with the highest crime rates
(DBN)

Ex-wife who hired murder squad to kill celebrity doctor was full of 'outright greed': Suit
(DBN)

Mom forced husband and son to drown themselves in lake to 'prove their worthineness': Cops
(DBN)

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Judges:

Bankruptcy Lawyer Decries Removal ‘Scheme’ Over Ex-Judge RomanceEx-Jackson Walker partner defends trustee role in fight with GWG bondholders
(DBN)

Justice Gorsuch's Attack on Lower Courts
(DBN)

Trump just did the one thing the Supreme Court said he can’t do
(DBN)

Trump administration asks US Supreme Court to halt foreign aid payments
(DBN)

Ken Paxton tells Texas schools to follow Ten Commandments law despite court block
(DBN)

Federal judge orders Kari Lake to be grilled under oath after series of evasive answers
(DBN)

Senator Asks Chief Justice To Give A Damn About CybersecurityWyden Calls For Independent Review of Federal Judicial Cybersecurity Following Massive Hack of Secret Court Files
(DBN)

Federal Judge Slams The ‘Lawlessness’ Of Trump’s D.C. Takeover
(DBN)

‘Judicial hesitancy’: Why Trump is betting the courts will green-light his ouster of Lisa Cook
(DBN)

Bove’s Advocacy for Trump Doesn’t Meet Test to Require Recusals
(DBN)

Great Law Clerks Are Like General Counsel, Not Junior Associates
(DBN)

Judge dismisses DOJ suit against Maryland judges over handling of immigration casesTrump Attempt To SUE ALL THE JUDGES Crumbles As Trump Judge Calls Suit Fundamentally Stupid Trump-appointed judge rebukes DOJ for 'calamitous' lawsuit against Maryland judgesTrump-appointed judge rebukes White House for ‘smear’ of judiciaryJudge destroys DOJ's lawsuit against whole federal court, calls out BondiJudge tosses US suit against federal judiciary in Maryland, saying he can’t license ‘constitutional free-for-all’
(DBN)

Federal appeals court refuses to block Connecticut’s ban on assault weapons
(DBN)

September 11, embassy bombing victims cannot seize Afghan bank assets, divided US appeals court rules
(DBN)

Wisconsin Judge Must Face Charges in ICE Obstruction Case
(DBN)

Appeals court say Pa. mail ballots can’t be thrown out over misdated envelopes
(DBN)

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Wall Street:

Stock futures are little changed ahead of Nvidia earnings
(DBN)

Worried about Trump's attacks on the Fed? Watch these 3 market signalsUS Stocks Tread Water As Trump Ramps Up Pressure On Fed
(DBN)

Wall Street is ignoring this rising threat from bonds. Be worried.
(DBN)

Wall Street is more focused on Nvidia than on threats to Fed independence. That may be a big mistake.
(DBN)

There Are Now More ETFs In U.S. Than There Are Individual Stocks
(DBN)

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Layoffs:

The US really is unlike other rich countries when it comes to job insecurity – and AI could make it even more ‘exceptional’
(DBN)

Kroger Lays Off 1,000 Corporate Workers in Cost-Cutting Move
(DBN)

Why 'serial layoffs' are a new job-market norm for workers
(DBN)

Pfizer lays off 100 workers at former Seagen HQ in Seattle area
(DBN)

Hormel Foods to Lay Off 135 Workers at Bacon Facility in Georgia
(DBN)

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Trucking:

White House threatens to withhold funds from states that don't mandate English for truckers
(DBN)

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Fraud:

AI startup reaped millions using bogus claims, FTC suit says
(DBN)

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Tech:

The guy who shorted Enron has a warning about the AI boom
(DBN)

AI agents spark mix of anticipation, skepticism and fear: Workday
(DBN)

Trump vows retaliation against countries with digital rules targeting US techEU resists Trump: Tech regulation is our ‘sovereign’ right
(DBN)

The family of teenager who died by suicide alleges OpenAI's ChatGPT is to blameOpenAI says it plans ChatGPT changes after lawsuit blamed chatbot for teen’s suicide
(DBN)

Meta’s Louisiana Data Center to Cost $50 Billion, Trump Says
(DBN)

Anthropic settles class action from US authors alleging copyright infringement
(DBN)

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Personal Finance:

We left New York City to buy a home in a beach town. After a few months, we realized we'd made a mistake.
(DBN)

For Social Security Retirees, President Trump's "Big, Beautiful Bill" Is Good News and Bad News
(DBN)

Automatic Cuts Loom As Social Security Timeline Accelerates to 2033
(DBN)

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Rail:

California high speed rail officials float plan to save flailing project
(DBN)

Trump administration pulls additional $175 million from California high-speed rail project
(DBN)

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Comic Books:

Diamond Must Now Act Against Each Publisher Before Liquidating Comics
(DBN)

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Economy:

Mantra of central bank independence shaken by Trump moves on FedFed's credibility is an asset whose decline could be costlyTrump’s firing of Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)Trump risks economic calamity by tampering with Fed independenceFed responds to Trump effort to fire Lisa CookFed Bank Presidents Face Risk of Removal on Trump’s Maneuvers, Brainard SaysTrump Tests The Fed’s ‘Don’t Panic’ Strategy
(DBN)

New BIS Head Warns Against Threats to Central Bank Independence
(DBN)

Lisa Cook will sue over Trump firing from Fed board, her lawyer saysFed says it will abide by court ruling in Trump, Cook dispute over firing Trump's effort to oust Fed's Lisa Cook looks likely to run into legal roadblocks Krugman: In the Matter of Lisa CookKrugman: We Are All Lisa Cook5 questions surrounding ousted Fed governor Lisa CookCan Donald Trump Legally Fire Federal Reserve Governor Lisa Cook?‘The flimsiest of unproven pretexts’: Democrats say Trump’s attempt to fire Fed governor is illegal Trump says he’ll have a Fed ‘majority’ soon to push rates lower after firing Cook Trump Says He’s Prepared For Fight Over Cook’s Ouster From FedLutnick suggests Lisa Cook’s refusal to accept Trump firing from Fed supports fraud claim ‘Uncharted Waters’: Trump’s Attempt to Take Charge of the FedTrump’s Cook firing will likely end up in the Supreme Court’s handsThe obscure Trump official behind Lisa Cook’s firing
(DBN)

Long US Bonds Fall as Threat to Fed’s Cook Spurs Inflation WorryTrump's efforts to remove Fed governor set to test Treasury marketTrump’s Fed Gamble Risks Pushing Key Bond Rates Even Higher
(DBN)

Gold Falls as Traders Assess Trump’s Effort To Oust Fed Governor
(DBN)

Fed's Williams Says Low Neutral-Rate Era 'Appears Far From Over'
(DBN)

Here’s what happened to financial markets after Nixon pressured the Federal Reserve
(DBN)

US business spending on equipment resilient; labor market confidence weakeningUS Core Capital Goods Orders Rise, Exceeding All Forecasts
(DBN)

The job market's boy problem is getting worse
(DBN)

Americans grow more pessimistic about job market in August
(DBN)

Trump Pentagon weighing equity stakes in defense contractors like Lockheed, says Lutnick
(DBN)

What a stake in Intel could mean for U.S. taxpayers now and in the futureTrump’s federal stake in Intel prompts GOP complaints
(DBN)

Two of Wall Street's last holdouts finally concede the Fed will cut next month
(DBN)

A Third Of U.S. Economy Already In Recession Or At High Risk, Moody's Zandi Warns
(DBN)

The Incalculable Costs Of Corrupt Statistics
(DBN)

The chart that shows how U.S. companies are trying to beat Trump’s China trade war25 Countries Suspend Postal Services To US Over Tariffs: UN‘They have to give us magnets’: Trump warns of 200% tariff on China if exports are curbedTrump's tariffs on India rise to 50% in punishment for buying Russian oilEmpty offices, lost orders: India's diamond hub stands idle as steep US tariffs loomChinese trade negotiator to head to US for talks, may meet deputy-level officialsUS truck makers look for cover as Trump's tariffs raise costsA US tariff exemption for small orders ends Friday. It’s a big deal to some shoppers and businessesEU faces first test of fragile trade truce with TrumpOil Prices Dip as Markets Weigh US Tariffs on IndiaTrump says furniture tariffs coming in next 50 daysTariffs aren’t enough to bring furniture manufacturing back to the U.S., Jim Cramer saysBessent says US tariff revenue could be well over $500 billion a yearTrump's trade war has come to your Etsy shopping cart
(DBN)

US Consumer Confidence Slips As Tariff, Job Worries PersistUS Consumer Confidence Falls Slightly on Job, Income Concerns
(DBN)

More than half of Latinos in the US believe the American Dream is dying
(DBN)

Dem Social Security Bill Would Hit Wealthy With Payroll Tax Hike
(DBN)

Why Boomers Have More Money Than Everyone Else
(DBN)

The Widening Wage Gap Between Workers And CEOs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Case-Shiller: National House Price Index Up 1.9% year-over-year in June
(DBN)

Student housing CEO says luxury is losing its appeal
(DBN)

Home prices grow at slowest pace in two years, reflecting 'extraordinarily weak' demand
(DBN)

To Boost Housing, Chicago Kills Parking Minimums
(DBN)

US insurers using drones to inspect homes without owners knowing — even canceling polices. What can you do?
(DBN)

Historic building in downtown KC could get new owner after bankruptcy dismissed
(DBN)

Berkeley student housing developer files for bankruptcy
(DBN)

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Municipalities:

Chicago Is on the Verge of Fiscal Collapse
(DBN)

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Politics:

Gallup: Trump Ratings and U.S. Mood Stay Tepid in August
(DBN)

Trump Amps Up ‘Dictator’ Talk In Stunning New Cabinet Meeting RantTrump Suggests Many Americans 'Like A Dictator'
(DBN)

Trump, 79, Flirts Awkwardly With Bondi in 3hr 16min Cabinet Ramble
(DBN)

Just 38% of Americans support Trump's use of troops to police DC, Reuters/Ipsos poll finds
(DBN)

Democratic governors look to derail Trump's plan to send National Guard to Chicago and other cities
(DBN)

DOGE Put Critical Social Security Data at Risk, Whistle-Blower Says
(DBN)

The foreigners working for DOGE
(DBN)

Social Security at risk of breach exposing 300 million to identity theft and loss of benefits: Whistleblower
(DBN)

‘They Raided My House!’ Trump Dodges When Asked If More FBI Raids On Critics Are Coming
(DBN)

National Guard troops to pick up trash in DC, work on ‘beautification' projectsTrump vowed to make Washington streets safer. In some areas, people feel less safe than everAfter a D.C. homicide, neighborhood residents are split over Trump's crackdown
(DBN)

Top Republican's secret sex contract with transgender escort revealed
(DBN)

‘South Park’ To Continue Skipping Weeks For Stretched-Out Season 27 — & Paramount Is A-OK With That
(DBN)

Donald Trump’s Big Gay Government
(DBN)

Like Reagan, Trump is slashing US environment regulations, but his strategy may have a far deeper impact
(DBN)

Trump claims to have ended the war in Congo. People there say that’s not true
(DBN)

What’s keeping Republicans from uniting against Newsom’s gerrymanderTrump to meet with Indiana lawmakers amidst redistricting push
(DBN)

The gun-toting Christian who could help Democrats win over Trump voters
(DBN)

FTC Has Long Said Products Must Back Up Health Claims. A MAHA Lawsuit Would Upend That.
(DBN)

Young Voters Who Swung Right Are Already Regretting It
(DBN)

Denmark summons top U.S. diplomat after report of Americans carrying out influence operations in Greenland
(DBN)

Key takeaways from Tuesday’s special elections in Iowa and Georgia Democrats break GOP supermajority in Iowa Senate by flipping Republican seat in special electionDemocrats flip Iowa state Senate seat, breaking GOP supermajority
(DBN)

Newsom’s popularity grows in 2028 primary field: Poll
(DBN)

A notorious Pennsylvania election denier now holds a top Homeland Security post for ‘elections integrity’
(DBN)

Trump says his megabill’s name ‘not good for explaining’ what it does
(DBN)

Inside the USAID Fire Sale
(DBN)

GOP polling memo shows Cornyn gaining on Paxton in Texas Senate primary
(DBN)

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Autos:

Rivian CEO says it 'blows my mind' that the US auto industry is reprioritizing capital toward gas-powered vehicles
(DBN)

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Retailing:

Kohl’s Seeks More Time to Pay Vendors During Turnaround Effort
(DBN)

What Could a Private Equity Buyout Mean for Claire’s?Claire’s closing list: These stores won’t survive the tween retailer’s transition to new ownership
(DBN)

Regional off-pricer Gabe’s under new ownership, avoids bankruptcy
(DBN)

New receipt check policy sparks fury at popular Kroger-owned chain as armed guards stand at exits to stop every shopper
(DBN)

Iconic 124-year-old retailer closes long-standing location for second time this week
(DBN)

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Climate:

Scientists give harsh grades to Trump administration work aimed at undoing a key climate finding
(DBN)

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Disasters:

The $140 Billion Failure We Don’t Talk About
(DBN)

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Nightclubs:

From Brooklyn to Berlin, Club Woes Show Reality of Nightlife Crisis
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Sales:

LaDonna Humphrey case highlights sale of appellate rights
(DBN)

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Subchapter V:

Before Congress Again: Subchapter V’s $7,500,000 Debt Limit (S.A. 3382 to S.2296)
(DBN)

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Cross-Border:

Canadian Tobacco US Recognition Suit Secures $23.59B Deal
(DBN)

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Aviation:

Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes
(DBN)

SpaceX makes comeback with Starship test launch after fiery setbacks
(DBN)

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Utilities:

PREPA bondholders deal supporters set deadlineDeal to restructure Puerto Rico power company debt crumbles as some bondholders walk awayPuerto Rico Utility Bondholders Break Off Deal After Oversight Board Purge BlackRock, Nuveen Set to Exit Puerto Rico Utility’s Debt Deal
(DBN)

Electric companies are fighting across the West to limit their blame for wildfires
(DBN)

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Solar:

Residential solar installer PosiGen ceases “most of its operations”
(DBN)

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Trucking:

Hyroad acquires Nikola hydrogen trucks and assets in bankruptcy auction
(DBN)

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Food/Beverage:

The CDC quietly scaled back a surveillance program for foodborne illnesses
(DBN)

Trump says ‘Cracker Barrel should go back to the old logo’Should Cracker Barrel Be Messing With its Logo?Cracker Barrel stock jumps after Trump calls logo outrage a ’great opportunity”Cracker Barrel reverses course, sheds new logo after backlash
(DBN)

5 major whiskey distilleries go bankrupt as US market tanks
(DBN)

Man Claims One Fix Can Save “Hooters”
(DBN)

Beyond Meat’s Rumored Bankruptcy Is The Perfect Example of Food Media Bias
(DBN)

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Healthcare:

Filing Alert: Hospital El Maestro Chapter 11Insurance companies cited as one of the causes of El Maestro Hospital's bankruptcy
(DBN)

UpHealth Chapter 11 Glocal Deal Ends $200M Legal Feud in Delaware Court
(DBN)

20 hospital closures in 2025
(DBN)

AM Best downgrades health insurers’ outlook to negative
(DBN)

U.S. Employers Expect Healthcare Costs To Surge 9% In 2026, Report Says
(DBN)

RFK Jr. says agency will reveal causes of autism in September
(DBN)

America’s leading physician groups are now openly defying RFK Jr.
(DBN)

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Weight Loss:

Can WeightWatchers stay relevant when everyone is on diet drugs?
(DBN)

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Education:

Trump Wants ‘Nothing Less’ Than $500 Million From Harvard
(DBN)

The Leader of Trump’s Assault on Higher Education Has a Troubled Legal and Financial History
(DBN)

HHS asks 46 states and territories to remove 'gender ideology' content from sex ed materials
(DBN)

Trump Doubles Down on Importing Chinese Students to Save US Colleges — Despite MAGA Outcry
(DBN)

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Wind Power:

Trump Signals His Campaign Against Wind Power Has Limits
(DBN)

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Travel:

Leisure travel to the U.S. is down, but business bookings are up
(DBN)

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Fraud:

Woman conned out of life savings by scammers using AI to pose as 'General Hospital' star
(DBN)

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Telecoms:

EchoStar stock skyrockets 75% on AT&T deal to buy wireless spectrum for $23 billion
(DBN)

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UK:

Schools, care homes and sports clubs sold off to pay spiraling council debt
(DBN)

Report sheds light on collapse of vehicle rental and contract hire firm - unsecured creditors “unlikely” to be paid
(DBN)

Major UK Loan Firm Enters Liquidation And Now All Their Customers' Debts Have Been Wiped Out
(DBN)

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EU:

Trump’s attack on Fed triggers alarm in Europe over economic stability
(DBN)

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Canada:

Hudson's Bay wants to sell leases to billionaire to appease lender's cash demands, landlords charge
(DBN)

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Russia:

Revenge served cold: Kronshtadt’s billion-ruble meltdown
(DBN)

Putin put forward peace proposal involving Donetsk, Witkoff says
(DBN)

John Bolton: Trump’s utterly incoherent Ukraine strategy
(DBN)

Kim Jong-un to send 100k troops to Ukraine?
(DBN)

Trump renews push for denuclearization talks with Russia and China
(DBN)

Putin acts like he doesn’t care about peace. Russia’s economy could depend on it
(DBN)

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Netherlands:

Dutch quietly shifting toward 4-day work week
(DBN)

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MENA:

Restructuring & Distressed Lending in the UAE: The Rise of Non-Bank Capital
(DBN)

Israeli protesters hold day of disruption to demand Gaza ceasefire
(DBN)

Initial inquiry says Hamas camera was target of Israeli strike that killed journalists
(DBN)

Rabbis Emerge as Growing Voice of Criticism
(DBN)

‘Cut off my leg, for the love of God!’: The Nasser Hospital is a symbol of Gaza’s healthcare collapse
(DBN)

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Australia:

Australia blames Iran for antisemitic arson attacks, expels envoy
(DBN)

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France:

French stocks, bonds tumble as government faces potential collapseBillions wiped off value of French banks with Bayrou-led government on verge of collapse
(DBN)

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India:

Qatar Fund moves to enforce $235 million award against Byju Raveendran as US court scrutiny intensifies
(DBN)

NCLAT judge alleges pressure from ‘revered’ higher judiciary member, recuses from insolvency caseTop court orders probe into judge's call to tribunal member in insolvency case
(DBN)

Taxation Reforms Can Help Streamline Insolvency Resolution Process: IIIPI Study
(DBN)

Streamlining Insolvency: A Pathway of Reforms
(DBN)

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Australia:

An 83-Year-Old Pizza Tycoon Fights to Save 3,500 Domino’s
(DBN)

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