August 6, 2025

The Daily Bankruptcy News

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Law:

Florida AG Declares War On Law Firms Over DEI
(DBN)

Fighting for ‘Truth’ Is Lucrative Business for Small Law Firms
(DBN)

Leading Restructuring Attorney Amy Denton Mayer Bolsters Berger Singerman’s Award-Winning Business Reorganization Team
(DBN)

Biglaw Partner Moves Are Hotter Than Ever
(DBN)

Debt's Grip Now Available!
(DBN)

Former Biglaw Associate Alleges Partner Used Racial Slur
(DBN)

The Best Law Schools For Nontraditional Students (2025)
(DBN)

Record-setting employment rate for class of 2024 law grads comes with asterisk, new NALP report finds
(DBN)

Law School Admission Council Hit With Fee Price-Fixing Case
(DBN)

Hawaii Opens Public Defender Program To Out-Of-State Lawyers
(DBN)

Welcome To Biglaw: Brand New Megafirm Officially Makes Its Debut
(DBN)

Former Eckert Seamans associate says he agreed to disbarment after he was misled about confidentiality
(DBN)

Getting To The Delicious Center Of Alan Dershowitz And PierogiGate
(DBN)

Trump’s Slew of Federal Layoffs Is Benefitting at Least One Industry
(DBN)

After heart attack during New York bar exam, state board of law examiners gathers info about incidentNY Bar Group Assailed for Not Aiding Test Taker Who Needed CPR
(DBN)

Biglaw’s Retreat On Immigration Cases
(DBN)

ICE arrests decline amid backlash to June immigration raidsUS citizens jailed in LA Ice raids speak out: ‘They came ready to attack’9th Circuit slams Trump DOJ efforts to pause injunction against 'discriminatory' ICE raids Border Patrol and ICE Agents Are Arresting U.S. Citizens in Immigration RaidsFlorida prepares to build a 2nd immigration detention center to join 'Alligator Alcatraz' Indiana Prepping 'Speedway Slammer' Similar to 'Alligator Alcatraz' Rwanda agrees to take deportees from the U.S. after a previous migrant deal with the U.K. collapsedDACA Recipient Dad in US Since Age 10 Hoping for Green Card Detained by ICEMap Shows Countries With Highest US Visa Overstay RatesICE Arrests Plunge in Humiliating Blow to Stephen Miller Woman With Green Card Detained by ICE After 14 Years in US, Boyfriend SaysPurdue University student freed from ICE detention after outcry from faith leadersMurdoch Paper Rips Trump Over His Plot to Punish Migrants’ KidsSouth Park Mocks White House Over Homeland Security ICE Post
(DBN)

MTG asks Trump to pardon George Santos
(DBN)

Is Trump Going to Pardon Diddy? His Response to the Verdict.Sean ‘Diddy’ Combs’ Ex-Girlfriend Writes Letter Pushing For His Release On Bail
(DBN)

Murdoch to Give Trump Health Updates to Delay Epstein Deposition
(DBN)

To investigate Jack Smith, Trump allies just started caring about the Hatch Act
(DBN)

Ex-federal prosecutor: Jack Smith charges ‘last thing’ Trump would want
(DBN)

Violent crime in the US dropped 4.5% last year, FBI data showsEarly data shows major homicide drops for big cities in 2025
(DBN)

FBI reports hate crimes hit 2nd largest record in 2024
(DBN)

FBI report: Violent crime fell in 2024, but assaults on officers reached 10-year high
(DBN)

Justice Department to seek federal hate crime charges and death penalty in killing of Israeli Embassy staffers
(DBN)

GOP Senator Changed Child Rape Law After Relative Accused of Sex With Minor
(DBN)

Why the manhunt for a Montana mass shooting suspect has proven exceedingly difficultManhunt for Army veteran accused of quadruple murder involves dozens of agencies as officials find evidence in search area
(DBN)

'Goodies' woman tried to bring into Disney World in tin can weren't actually the headache remedies she said they were: Police
(DBN)

Day care owner left 5 kids in hot car to go shopping, brought own 2 kids in with her: Cops
(DBN)

9-year-old girl tries to stop grandpa from drowning mom in pool in fight over will: Cops
(DBN)

Tennessee inmate executed without deactivating defibrillator said he was in pain during lethal injection
(DBN)

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Judges:

Judicial Abuse Of The Bankruptcy Code (In re 2 Monkey Trading)
(DBN)

‘No further explanation is warranted’ for TRO opinion with made-up allegations, parties, federal judge says
(DBN)

It is not a 3-3-3 Supreme Court
(DBN)

As the Supreme Court Focuses on the Past, Historians Turn to Advocacy
(DBN)

Trump's tariff power grab barrels toward Supreme Court
(DBN)

‘It’s Just A Matter Of Time’: Waiting For Trump’s Constitutional Crisis
(DBN)

Samuel Alito Is Latest Supreme Court Justice to Ink a Book Deal
(DBN)

Is Justice Roberts A Dolt? Pam Bondi Seems To Think So.
(DBN)

The Supreme Court just revealed its plan to make gerrymandering even worse
(DBN)

Trump Hit by a Major Setback as Deportations Under His Asylum Ban Ordered to End
(DBN)

Federal judge rules Trump administration cannot reallocate billions meant for disaster mitigation
(DBN)

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Wall Street:

Stock futures rise as investors parse earnings reports
(DBN)

Wall Street Bonuses Are On Track To Rise Despite Tariff Uncertainty
(DBN)

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Layoffs:

Weather Service is now hiring back hundreds of positions that got cut in the DOGE chaos
(DBN)

Federal Worker Unions Short on Options During Trump Policy Blitz
(DBN)

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Crypto:

The Valuation of Crypto Currency Mining Property Under 11 U.S.C. § 506(a)(1)
(DBN)

Ex-Binance CEO Seeks Dismissal From $1.8 Billion FTX Trust Suit
(DBN)

____________

Banking:

Trump Says JPMorgan, Bank of America Refused His Business
(DBN)

Trump says banks discriminate against his supporters while White House prepares order
(DBN)

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Student Debt:

Record Surge in Past-Due Student Loans Adds to US Debt Burden
(DBN)

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Retailing:

Tween Jewelry Retailer Claire’s Files for Second Bankruptcy Mall favorite with 1,300 stores nationwide files for bankruptcy despite Walmart and Macy’s partnership The Retail Sector's Fragility: Claire's Bankruptcy as a Harbinger of Broader Distress and Strategic OpportunitiesJewelry retailer Claire's files for bankruptcy for the second time Claire's Faces Stores Closing Across US As Retailer Files for BankruptcyFears for major high street chain with 281 UK shops after US owner files for bankruptcyJewelery retailer Claire's struggles to land bid for British chainClaire's Second Bankruptcy Signals Troubling Times in Retail
(DBN)

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Tech:

Is an AI backlash brewing? What 'clanker' says about growing frustrations with emerging tech
(DBN)

Who gets cheap flights and hotel upgrades? AI will decide.
(DBN)

Palantir CEO warns of America’s AI ‘danger zone’ as he plans to bring ‘superpowers’ to blue-collar workers
(DBN)

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Food/Beverage:

How Friendly's Beat Bankruptcy Twice And Avoided Total Failure
(DBN)

Dozens of Panera Bread locations shuttered after operator files for bankruptcy
(DBN)

Iconic American industry hit with wave of bankruptcies as companies scramble amid plunging demand
(DBN)

Map Shows How Each State Could Lose SNAP Benefits Under New Requirements
(DBN)

Six More States Ban Junk Food From SNAP Benefits
(DBN)

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Healthcare:

Battle of the Hospital Systems: Why Steward Is Suing Tenet
(DBN)

Nebraska Republican booed over Medicaid cuts during town hall
(DBN)

Illinois Removes Nearly 700,000 People From Health Care Plan
(DBN)

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Pharma:

Trump threatens pharma tariffs of up to 250 percent
(DBN)

RFK Jr. Makes Major Vaccine Announcement
(DBN)

Richter Eyes More Drug Licensing Deals to Sidestep Trump Tariffs
(DBN)

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Economy:

Trump rules Bessent out for Fed chairSays Bessent Doesn’t Want to Be Nominated as Fed ChairTrump Says 4 Candidates Running For Fed Chair
(DBN)

Trump Says He Will Decide on Fed Governor Before End of the Week
(DBN)

A $715 billion tax cut turns into a $4.5 trillion sales jobCBO: Republican megabill to cost $4.1T, due to higher borrowing costs
(DBN)

US on 'Precipice of Recession,' Warns Leading Economist
(DBN)

DoubleLine Capital Sees Scope for US Dollar to Sink Further
(DBN)Service sector slows, employment falls as tariffs take hold: ISM survey
(DBN)

Trump's attacks on Fed, data integrity weigh on US dollar forecasts: Reuters pollTrump’s fury over jobs report could throw US economy into decades of turmoilTrump doubles down, insists jobs data was rigged against himTrump’s Firing of BLS Chief Is Bound to BackfireTrump’s labor statistics shake-up sparks anxiety over future economic dataFacing facts about Trump and the jobs numbersDid DOGE contribute to the BLS jobs report that Trump hated? Economist Mark Zandi thinks soThe jobs report that enraged Trump was flashing a recession warning sign
(DBN)

Gen Z faces potential job crisis as AI threatens to replace many entry-level positions
(DBN)

Two Former Treasury Secretaries Warning Of Risks To Treasurys
(DBN)

Trump's tariffs are 'unlawful as a matter of law,' manufacturing groups allegeSwitzerland’s Go-It-Alone Approach Tested by Trump Tariff ShockSwiss President Arrives in Washington Attempting to Sway TrumpSwiss President to See Rubio as Trump Meeting Still Unclear Trump’s Copper Tariffs Apply to $15 Billion of Products So FarTrump Says Pharma, Chips Tariffs Coming in ‘Next Week or So’Trump Says He Will Hike India’s Tariffs Over ‘Next 24 Hours’Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge From ingredient costs to sagging demand, tariffs further pinch company earningsCrucial exemption allows majority of Canadian and Mexican goods to be shipped to US without tariffsCaterpillar expects up to $1.5 billion in tariff costs this year, and the stock is rising Republicans fear Trump tariffs are cutting into economyTariffs prompt Fujifilm to raise camera prices by up to $800Trump’s tariffs are sending African countries into China’s handsTrump Ramps Up Tariff Blitz With India, Pharma, Chips in SightsCarney Says He’ll Look at Opportunities to Remove Tariffs on USTrump Says Japan to Import Ford’s Huge F-150 Pickup Trucks
(DBN)

US trade gap skids to 2-year low; tariffs exert pressure on service sectorTrade Deficit Decreased to $60.2 Billion in June
(DBN)

Consumers rethink vacation plans amid tariff turmoil
(DBN)

Service Activity Nearly Stagnates As Employment ContractsISM® Services Index Decreased to 50.1% in July; Prices Paid Highest Since 2022
(DBN)

The Jobs Market Is Showing Signs Of A ‘He-cession'
(DBN)

Companies are embracing a new hardcore culture. Here's what you should do.
(DBN)

Americans Spend Nearly 4 Hours A Day Thinking About Money
(DBN)

Congress is on summer break. Funding 'chaos' awaitsEarly GOP rift emerges as Congress braces for shutdown fight
(DBN)

Bacon: Nebraska GDP down 6 percent under Trump
(DBN)

AI Boosts Chances White-Collar Jobs Are Eligible for Overtime
(DBN)

The New Economics of People in a World of Closing Doors
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Cotality: House Prices Increased 1.7% YoY in June; Weakest June since 2008
(DBN)

Q2 NY Fed Report: Mortgage Originations by Credit Score, Foreclosures Decrease
(DBN)

NY Fed Q2 Report: Household Debt Increased $185 Billion in Q2; Delinquencies Elevated
(DBN)

Miami Buyers Snubbing New Condos for Older Ones
(DBN)

Orlando's Housing Market Suffers Decline
(DBN)

California Home Loses Half Its Value in One Month
(DBN)

Map Shows US Cities With Biggest House Price Declines Last Month
(DBN)

Gen Zers are flocking to these Midwest housing markets where homes are about 30% cheaper than the coasts
(DBN)

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Municipalities:

White House Upends Puerto Rico Oversight Board With Mass FiringsThe Trump administration dismisses most on a federal board overseeing Puerto Rico's financesTrump fires 5 members of Puerto Rico's financial oversight board Trump administration dismisses all Democrats on a federal board overseeing Puerto Rico’s finances
(DBN)

‘FEDERALIZE This City!’ Trump Threatens to Take Over Washington DC
(DBN)

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Oil/Gas:

Oil rebounds on Trump threats on Russian crude buyers
(DBN)

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Politics:

New National Umass Amherst Poll Finds President Trump’s Job Approval Gap Slides 6 Points Since April, 20 Points Since Start of TermTrump Approval Rating Jumps Double Digits With Hispanics in a Month: PollsTrump trails Ocasio-Cortez, Sanders in favorability polling: GallupMap Shows How Donald Trump's Approval Rating Has Changed in States He Lost
(DBN)

Trump Wants Nukes on White House RoofTrump Dances on White House RoofWhy Was Trump on the Roof? Some Theories.
(DBN)

Trump says he will ‘probably not’ seek a third term
(DBN)

Trump Says JD Vance 'Probably Favored' to Take Over MAGA
(DBN)

August recess can't hide tensions ahead for Congress on spending and Trump nominationsHow Trump Caved And Went Home With 'Nothing' In Talks With Chuck Schumer
(DBN)

Poll: Musk Now Most Unpopular Public Figure in USAThe fall of Elon Musk down Fortune’s 100 Most Powerful People in Business list shows how power is impermanent
(DBN)

Donald Trump Snubs Elon Musk and DOGE in Another Administration Move
(DBN)

Trump administration ends use of Musk-era ‘5 things’ email
(DBN)

Comer issues subpoenas for DOJ’s Epstein files, depositions with former officialsDonald Trump Changes His Mind on Jeffrey Epstein LawsuitTrump does 180 on aggressive timeline in his WSJ suit over 'bawdy' Jeffrey Epstein cardTrump open to Ghislaine pardonDonald Trump's DOJ May Release Ghislaine Maxwell Interview: ReportsBill and Hillary Clinton Subpoenaed Over Epstein FilesRepublicans Subpoena Everyone and Anyone Over Epstein—Except Trump Prosecutor who negotiated Epstein's sweetheart deal left off subpoena listTrump Hammered Over Epstein With His Own Anti-Woke Attack Line 'There's nothing in there!': Lawyer warns Trump ploy to 'redefine' Epstein files backfired Epstein partner Maxwell opposes release of her grand jury materialsSecret Cameras in Epstein Mansion Raise New Questions Over Missing TapesTrump says he didn’t know about Ghislaine Maxwell’s prison transfer beforehandEpstein Stayed a Member of Trump’s Mar-a-Lago Long After He Was IndictedA Look Inside Jeffrey Epstein’s Manhattan Lair
(DBN)

Democrats go nuclear in redistricting arms raceTexas governor says Dems can’t do ‘anything about’ GOP plans Here’s what comes next in the Texas redistricting battleInside Texas Democrats’ plan to seek refuge with Illinois Gov. J.B. PritzkerGOP’s Rep. Lawler on Texas redistricting: ‘I think it’s wrong’ Trump’s Texas Gambit Ignites Nationwide Battle for House ControlDemocrats draw up plans to retaliate if Republicans gerrymander Texas — but they face legal hurdles Trump says Texas GOP 'entitled' to more seats as redistricting showdown continuesTexas Democrats hold the line from hotel rooms as Abbott promises arrestsCornyn presses FBI to help Texas bring back Democrats who left stateTexas AG Ken Paxton Ramps Up 'Aggressive' Legal Pressure on DemocratsLargest Texas Newspaper Rebukes Greg Abbott Over Redistricting 'Power Grab' Can Greg Abbott Kick Out Fleeing Democrats? Experts Weigh InAbbott sues to remove Texas House Democratic Caucus Chair Gene Wu from seat‘If They’re Going to Cheat, We’re Not Going to Play’Could Democrats Turn To Gerrymandering After Texas Redistricting Fight? Here’s What To KnowA California plan is likely the Democrats’ best option in the redistricting warsMap Shows States Considering Redrawing Congressional Maps
(DBN)

Black Hawk pilot launches challenge to battleground House Republican Nick LaLota
(DBN)

White House Preps Order to Punish Banks That Discriminate Against Conservatives
(DBN)

Appeals court upholds Texas law requiring ID numbers to cast mail-in ballots
(DBN)

DOGE staffer known as ‘Big Balls’ attacked in DC
(DBN)

Laura Loomer tests influence as Trump’s enforcer Inside Laura Loomer’s rise: ‘Obsessive’ research, Oval Office visits‘She’s About to Get Some Big Scalps’: Mark Halperin Reports Laura Loomer Has Trump’s Cabinet in Her CrosshairsLaura Loomer Files New Supreme Court Petition—'Accountability Is Coming'
(DBN)

Conservative Podcaster Lays Out 7 Ways Trump 'Alienated' His Voters
(DBN)

'Has to sting': Trump snub blamed for triggering MTG's nuclear attack on GOP
(DBN)

New Jersey's Former Republican Governor Blasts 'Extreme' GOP Candidate
(DBN)

Confederate Statue To Be Reinstalled in DC
(DBN)

Kamala Harris says she’s not running for office again, because the system is ‘broken’
(DBN)

Flashing Warning Sign for Democrats in Pennsylvania Voter Registration Rolls
(DBN)

____________

Comic Books:

Remember, Remember, The 18th Of August For Diamond Comics Bankruptcy
(DBN)

Consigners Ask Bankruptcy Court to Force Sparkle Pop to Decide
(DBN)

Diamond Bankruptcy Continues to Rack up Fees
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (57 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Rooker-Feldman:

The Rooker-Feldman Doctrine in the Bankruptcy Context
(DBN)

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Claim Allowance:

Reconsideration of a Previously Allowed or Disallowed Claim Under Section 502(j) of the Bankruptcy Code in New York and Delaware.
(DBN)

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Property of the Estate:

Property of the Estate Under Section 541—Accrual of Causes of Action and the "Sufficiently Rooted" Test
(DBN)

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Constitution:

Debtors Entitled to Only Prospective Relief for Extra Trustee Fees Paid Under Unconstitutional Amendment to Section 1930 Trustee Fee Statute
(DBN)

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Discharge:

11th Circuit – Damages for False Imprisonment are Nondischargeable as Willful and Malicious Injury
(DBN)

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Venue:

Linqto Bankruptcy Case Won’t Be Moved From Texas to Delaware, Judge Rules
(DBN)

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Mass Torts:

Baltimore Clergy Abuse Survivors Battle Delays and Secrecy in Archdiocese's Bankruptcy Case
(DBN)

____________

Aviation:

Cape Town Convention Alternative A stowed away (for now)
(DBN)

US criticizes use of AI to personalize airline ticket prices, would investigate
(DBN)

Spirit Airlines Pilot Arrested at Airport Over Dark Charges
(DBN)

____________

Corporate Governance:

Delaware Forum Selection Clause Binds California Shareholders
(DBN)

Musk's $29 Billion Payday While Tesla Suppliers Face Bankruptcy
(DBN)

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Celebs:

Dr. Phil's Peteski Productions pays $925K to Merit Street Media workers following Chapter 11 filing
(DBN)

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Education:

Why the White House Backed Down From Its First Big Education Cuts
(DBN)

Trade School Stocks Soar as Demand for Skilled Labor Rises
(DBN)

Gen Z is ditching college and taking up ‘secure’ trade jobs—but new data shows office admin jobs are still safer, more stable, and less deadly
(DBN)

UCLA will negotiate with Trump over $339 million in medical and science grant freezes
(DBN)

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Autos:

Tesla Sales Keep Slumping in Europe With BYD Gaining Ground
(DBN)

Rivian Sees Wider Loss as Trump Bill Hits Key Revenue Stream
(DBN)

Michigan Governor Confronts Trump on Tariff Hit to Auto Industry
(DBN)

Lucid Lowers Production Outlook in Sign of Turmoil for EV Makers
(DBN)

____________

Assisted Living:

Nursing home industry fights additional oversight of Wall Street acquisitions
(DBN)

____________

Climate:

White House Orders NASA to Destroy Important Working Satellite
(DBN)

Over a Million Face Record-Breaking 'Dangerous' Conditions
(DBN)

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Solar:

US EPA moves to cancel $7 billion in grants for solar energy
(DBN)

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Sovereigns:

Zambia hopes to get extra $145 million from IMF programme extension
(DBN)

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UK:

IP versus IP: How does the appointment of a UK Insolvency Practitioner affect a licensee’s Intellectual Property rights?
(DBN)

Somerset Council ‘betting the house’ on transformation to avoid effective bankruptcy
(DBN)

Bankruptcy puts 280 UK Claire's Accessories stores at risk
(DBN)

Half of Britons back ending immigration and deporting recent arrivals
(DBN)

____________

Canada:

Canadian court confirms “interest stops rule” does not apply to secured claims
(DBN)

Carney Pledges $870 Million for Lumber Sector Hit by Trump
(DBN)

____________

Russia:

Trump Says He’s Readying More Tariffs on Russian Energy Buyers
(DBN)

Russia Issues Nuclear Weapons Warning: 'No Limits'
(DBN)

Russia breaks self-imposed freeze on intermediate-range missiles
(DBN)

Russia's Richest Billionaires Are Getting Wealthier Fast
(DBN)

Russia Weighs Ukraine Air-Truce Offer to Trump Without Ending War
(DBN)

Trump Holds Call With Zelenskiy as Truce Deadline to Putin Looms
(DBN)

____________

MENA:

Israeli plan to occupy Gaza brings fear to Palestinians, hostage familiesNetanyahu to urge ‘full conquest’ of Gaza as ceasefire talks reach an impasse
(DBN)

Saudi Arabia Is Making a Power Play Against Hamas in Gaza
(DBN)

Israel’s Gaza aid cutoff was not only immoral. It was a strategic disaster.
(DBN)

Feeding a Family of Seven in Gaza
(DBN)

Former IDF Chiefs Call on Israel to End War in Gaza
(DBN)

Outrage in Israel as hostage ‘horror’ videos emerge at decision time for Netanyahu’s government
(DBN)

Bennett: Israel’s status in US ‘has never been so bad,’ it’s becoming a ‘leper state’
(DBN)

____________

India:

India Braces for Pain as Trump Gives 24-Hour Tariff Warning
(DBN)

India Contributes More to Global Growth Than US, RBI Chief Says
(DBN)

Video Shows Mudslide Engulf Village as Dozens Feared Missing
(DBN)

____________

Denmark:

Zoo Asks Visitors to Donate Small Pets as Food for Predators
(DBN)

____________

China:

Global outbreak fears surge as virus in China prompts quarantines and thousands of new cases are reported
(DBN)

____________

Germany:

German fashion chain Closed files for bankruptcy
(DBN)

German phone repair and insurance firm goes bankrupt after paying €200,000 to ransomware hackers despite reported revenue of 70 million
(DBN)

____________

Australia:

Insolvency hits record high: The urgent need for better cash flow management
(DBN)

Teneo picks up 15 RegLiqs as PwC abandons insolvency
(DBN)

____________

Czech Republic:

Sberbank CZ – the biggest Czech Bank Insolvency Case
(DBN)

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