August 7, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Suing White Supremacists Considered Biglaw Brave In 2025
(DBN)

Nonequity partner’s unjust enrichment suit against Duane Morris remains largely intact after judge’s ruling
(DBN)

Younger Lawyers Depart Top Firms Over Ethical Concerns with Trump Deals, Signal Industry Shift
(DBN)

Legal Reformation: Prominent Attorneys Forge New Paths with Principle-Driven Boutique Firms
(DBN)

The Bar Exam Death Drive Becomes Dangerously Literal
(DBN)

LSAC hit with lawsuit challenging application fees
(DBN)

Manhattan Judge Dismisses Racial Bias Claim Against WilmerHale Amid Diversity Efforts
(DBN)

2 BigLaw firms make mass lateral hires involving at least 52 lawyersTop Biglaw Firm Poaches 40+ Lawyers From Competitor In Latest Group Lateral MoveCrowell Nabs 16 Reed Smith Partners in National Health Care Push
(DBN)

Trump’s tactics are bending the criminal justice system to his agenda
(DBN)

NYU Law Professor Calls for Legal Resistance Against Authoritarianism in the Trump Era
(DBN)

Congress Just Deleted Habeas Corpus From The Constitution On Its Website
(DBN)

The Law Schools That Are The Best For Federal Clerkships (2025)
(DBN)

Jake Paul Hires Biglaw Superstar Alex Spiro For Legal Knockout Punch
(DBN)

Syracuse airport tells female lawyer to ‘soften’ her sexual harassment ad or they won’t post it
(DBN)

ICE Offers, Then Quickly Withdraws, Cash Bonuses for Swiftly Deporting Immigrants Immigrants Seeking Legal Status Could Face Deportation Proceedings Instead Former 'Alligator Alcatraz' worker describes 'inhumane' conditions insideRecords show Florida prep for second immigration detention facility at Camp Blanding Judge hears evidence about environmental concerns around 'Alligator Alcatraz'DACA Recipient Detained by ICE at Airport Before Boarding Domestic Flight In Trump-supporting Ohio, a beloved Haitian teacher faces deportationAgency Waives Age Limits for New Recruits'Superman' Star Dean Cain Says He Joined ICE: What to KnowTrump Administration Says Teenagers Can Now be ICE AgentsTrump Burger Co-owner Under ICE Investigation, Could Face DeportationFederal agents use Penske rental truck as 'Trojan Horse' to raid Los Angeles Home DepotImmigration raid fears trigger Latino student absences, as experts warn of consequencesImmigrants seeking green cards may be placed in removal proceedings, USCIS says
(DBN)

MAGA expectations soar after DOJ orders Russia grand jury probe
(DBN)

'A serious breach': Watchdog group files bar complaint against Bondi's 'Special Attorney'
(DBN)

NJ Prosecutor Fired to Make Way for Alina Habba Files Appeal
(DBN)

Five soldiers shot at Army base in Georgia, suspect apprehendedArmy base shooter ID'd as 28-year-old sergeant who used his own gun... Shoots 5 soldiers
(DBN)

The Mystery of the L.A. Mansion Filled With Surrogate Children
(DBN)

Accused serial killer dubbed "machete man" caught with body parts
(DBN)

Judge Hands Luigi Mangione Small Win
(DBN)

Doctor smothered wife, blamed injuries from their fight on family dog
(DBN)

Man accused of attacking reporter, demanding to know if he was a citizen pleads not guilty
(DBN)

'Pray for me': 14-year-old kills parents, then walks to a church to confess, cops say
(DBN)

Dad whose 4-year-old son shot mom with unsecured gun had massive arsenal: Prosecutors
(DBN)

'Why you always crying bro?': Father kills 'fussy' son with 'aggressive' patting, cops say
(DBN)

Woman poured gasoline on man's home and lit it because he owed her $7, authorities say
(DBN)

Child welfare agency worker accused of leaving 3-year-old in 140-degree car to die
(DBN)

Map Shows Homicide Rates in Every State
(DBN)

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Judges:

Paul Ryan: Supreme Court likely to restrict Trump’s emergency tariff authority
(DBN)

Trump admin suffers double loss as dozens of sanctuary cities join immigration lawsuit
(DBN)

Gallup: Record Party Gaps in Job Approval of Supreme Court, Congress Growing Partisan Divide Over U.S. Supreme Court Poses Challenges for Judicial Legitimacy
(DBN)

The Home(s) Of The Supreme Court
(DBN)

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Wall Street:

Stock futures jump after Trump’s chip tariffs have broad exemptions
(DBN)

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Layoffs:

Stanford lays off hundreds, blaming Trump policies
(DBN)

Hundreds of Yale New Haven Health employees apply for early retirement amid growing financial challenges
(DBN)

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff
(DBN)

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Healthcare:

Ombudsman ordered to monitor patient care in wake of Villages Health bankruptcy
(DBN)

Crozer Health patients won’t have to pay to access medical records under new agreement
(DBN)

Planned Parenthood to close Louisiana clinics
(DBN)

Student loan caps a ‘punch in the face’ for aspiring doctors: American Medical Association president
(DBN)

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Tech:

Dogs Of War: China Touts Killer Robot 'Wolves'
(DBN)

A politician made an AI clone of himself. The outrage was real.
(DBN)

New study sheds light on ChatGPT's alarming interactions with teens
(DBN)

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Climate:

Trump Cancels Massive Idaho Wind Farm Amid Renewable Broadside
(DBN)

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Food/Beverage:

McDonald’s Says Economic Stress Is Sapping Breakfast-Meal Sales
(DBN)

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Celebs:

Federal Judge: Ammon Bundy must pay $52 million civil court judgment
(DBN)

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Economy:

Who’s on Trump’s short list for Jerome Powell’s replacement at the Fed
(DBN)

Trump Advisers Push for a Temporary Fed Governor to Fill Open Seat
(DBN)

Voter confidence in U.S. fiscal outlook falls to 13-month low: survey
(DBN)

Government Data Is Under Fire, but It Makes the World Go ‘Round
(DBN)

U.S. Enters Uncharted Waters With Next Jobs Report
(DBN)

Trump’s shoot-the-messenger tactic will only hurt the economy more
(DBN)

Consumer spending may be up, but so is household debt, a new report from the New York Fed shows
(DBN)

UBS sounds the alarm on ‘stall speed’ as the economy shows signs of running out of gas
(DBN)

Recession Watch Metrics
(DBN)

Trump’s Tariffs Take Effect in Fresh Test for Global Economy Trump’s ‘reciprocal’ tariffs come into effect, hitting dozens of U.S. trading partners Trump hikes India tariffs to 50% for buying Russian oilTrump’s 50% Tariff May Clip India Growth by 1%, Analysts SayIndia isn’t flinching: Why Trump might be misreading India’s tariff playbookUS tariffs may wipe out 80% of Indian apparel exportersTrump Floats Possible Tariffs on China for Buying Russia OilModi’s Rival Blasts ‘Bully’ Trump as Public Opinion HardensTrump’s relentless tariff strategy finally crashes into delicate geopolitical realityTrump eyes 100% tariff on chips, firms investing in US to be exemptedTrump is favoring China over India on tradeSwiss Politicians Push to Cancel F-35 Fighter-Jet Deal After US Tariffs White House official: Apple to announce $100 billion domestic manufacturing pledgeHow Trump's $150 billion tariff brag could backfireWhy Trump’s tariffs could live foreverShein’s and Temu’s prices will get hit even harder by the new de minimis ruleConfused and concerned, CEOs get to grips with Trump’s new tariff regime
(DBN)

Trump Wants Copper Smelted in America—But It’s a 30-Year Wait
(DBN)

Trump’s redneck recession hits his working-class base the hardest
(DBN)

Bitter partisanship threatens to engulf Senate as critical deadlines loom
(DBN)

Trump’s megabill could deplete Social Security’s trust funds faster: Analysis
(DBN)

Gen Z's career cliff is worse for men — thanks to one corner of the job market
(DBN)

Maersk CEO flags strong demand ‘pretty much everywhere’ except for the U.S. as outlook raised
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Asking Rents Mostly Unchanged Year-over-year
(DBN)

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

Renters can still get a spacious apartment for $1,500 a month in these 10 cities
(DBN)

Homes Are Becoming More Affordable in These 11 Major Cities
(DBN)

The nightmare scenario for America's real estate market
(DBN)

Over 30 million US homes don’t have a mortgage, report says — why that’s a red flag for the housing market
(DBN)

Florida’s housing industry riddled with new builds that are falling apart. What prospective buyers should know
(DBN)

Long Island's historic Oheka Castle files for bankruptcy
(DBN)

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Municipalities:

Trump Ally Loomer Drags Puerto Rico’s Bankruptcy Battle Into Far-Right Spotlight
(DBN)

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Oil/Gas:

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

Trump's Tariff Blitz on India Threatens 3.5 Million bpd in Global Oil Supply
(DBN)

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Comic Books:

Overstreet Comics Price Guide Delayed Six Months by Diamond Bankruptcy
(DBN)

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Hotels:

La Quinta Investigating Miami's Viral Remote Receptionist
(DBN)

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Politics:

JD Vance convenes Trump’s top team to discuss Epstein caseInside Trump's inner circle's top secret Epstein crisis talks as his henchmen struggle to contain negative pressPoll: 77% want all govt documents related to case released!America Changes Its Mind About Jeffrey Epstein's Death—PollsVirginia Giuffre's Family Reacts to JD Vance's 'Strategy Mission' Over Epstein FilesGhislaine Maxwell's cushy new prison life just got cushier as she gets special treatment inside 'Club Fed' lock-upTrump Aides Planning Rogan Role for End Epstein Crisis
(DBN)

'South Park' set for brutal trolling of Kristi Noem‘South Park’ posts X-rated reply to DHS
(DBN)

Constitution Sections on Due Process and Foreign Gifts Just Vanished from Congress' Website
(DBN)

It’s Pritzker’s party: Hell yes, he’s messing with Texas, and he’s not sorryTexas Democrats who fled to Illinois forced to evacuate hotel after bomb threatAG Paxton is dusting off a centuries-old writ to expel Texas Democrats for running away FBI ask throws curveball in Texas redistricting fightCan the Out-of-State Texas Dems Be Arrested?Texas lieutenant governor: ‘We’re a red state, we deserve more Texas Democrats could be fined nearly $400,000 for fleeing the state'Mess with Texas' banners fly over several states as redistricting showdown loomsBipartisan Opposition to Gerrymandering, But Awareness LagsBoth Parties Have a History of Gerrymandering
(DBN)

Two 15-year-olds arrested in connection with DOGE staffer ‘Big Balls’ beating in DC
(DBN)

Thune’s bid to change rules for nominees faces GOP opposition
(DBN)

Are ‘pocket rescissions’ legal? Congressional watchdog says ‘no’
(DBN)

GOP backlash or ‘Democrat op’? Town hall outrage generates split-screen reaction
(DBN)

The Gen Z divide that could decide the next election
(DBN)

Trump administration to reinstall two Confederate statues
(DBN)

Tulsi Gabbard Goes Full ‘X-Files’ With New Conspiracy Theory
(DBN)

GOP Pins Midterm Hopes on Trump Tax Bill’s Front-Loaded Refunds, Delayed Cuts
(DBN)

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Retailing:

Claire’s initiates bankruptcy proceedings in US and Canada
(DBN)

Goodbye to Claire’s: second bankruptcy in 7 years reveals what’s killing America’s youth retailers
(DBN)

Claire’s files for bankruptcy for second time as it drowns in ‘cocktail of problems’
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

July Commercial Chapter 11 Filings Skyrocket 78% Y/Y
(DBN)

Chapter 11s Did Not Spike in July 2025
(DBN)

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Bankruptcy Crimes:

Prosecution of Bankruptcy Crimes Lags Despite Increased Fraud Concerns
(DBN)

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Crypto:

The Genius Act and the Law of Unintended Consequences: Are Stablecoin Issuers Going to Be Boxed Out of Bankruptcy?
(DBN)

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Mass Torts:

Assessing the Legitimacy of the "Texas Two-Step" Mass-Tort Bankruptcy
(DBN)

Catholic Diocese of Buffalo announces layoffs and cost-cutting moves as part of bankruptcy process Diocese Reducing Catholic Center Employees, Costs In Restructuring
(DBN)

Delaware Supreme Court Shuts Down Flawed Expert Testimony
(DBN)

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Sales:

Recent sale cases see robust bidding in bankruptcy (e.g., CareerBuilder + Monster & Everstream Solutions LLC)
(DBN)

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Aviation:

Reed Smith Under Legal Scrutiny As Shareholders Dispute Representation in Avior Airlines Case
(DBN)

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Ride Hailing:

Uber’s Festering Sexual Assault Problem
(DBN)

The average Waymo robotaxi completes more trips per day than 99% of Uber drivers, CEO Dara Khosrowshahi says
(DBN)

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Autos:

Rivian expects tariffs to increase car production costs by 'a couple thousand dollars per unit'
(DBN)

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Education:

University Failure
(DBN)

Is Harvard About to Make the Same Mistake as Columbia?
(DBN)

US Offers to ‘Simplify’ Harvard Case Over Foreign Student Ban
(DBN)

Trump's Immigration Plan Pushes College Students Admissions Elsewhere
(DBN)

Stanford’s student newspaper sues Trump administration over use of immigration law to target pro-Palestinian students
(DBN)

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UK:

Restructuring real estate across borders: the Sino-Ocean dual-track approach
(DBN)

UK Insolvency Service: new broader role to fight economic crime
(DBN)

Bank of England narrowly votes to cut interest rates to 4% as balancing act continues
(DBN)

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EU:

Moving closer to harmonizing insolvency law within the EU
(DBN)

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Germany:

German Industry Slumps Most in Almost a Year Amid Trade Flux
(DBN)

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Russia:

Kremlin calls meeting with U.S. envoy 'constructive'
(DBN)

Trump ‘to meet Putin next week in summit that may feature Zelensky’ after Don slammed Russia as a ‘threat’
(DBN)

Trump and Putin Are Flexing Their Way Toward a Nuclear Stand-Off
(DBN)

Russia Says Putin Conveyed ‘Signals’ on Ukraine at Witkoff Talks
(DBN)

US says secondary sanctions on Russia to go ahead, even though Putin-Witkoff meeting ‘went well’
(DBN)

The key pillar of Russia's war chest is cracking. The timing couldn't be worse.
(DBN)

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Cuba:

Where is Cuba’s money? Secret records show the military has massive cash hoard
(DBN)

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MENA:

Pakistan: Govt moves to reform bankruptcy lawGovt moves to amend bankruptcy law to support struggling firms
(DBN)

Dozens killed seeking aid in Gaza as Israel considers further military action
(DBN)

US Backs Israel’s ‘Tough Decisions’ Over Gaza, Huckabee Says
(DBN)

Israeli military chief warns against takeover of Gaza as Netanyahu considers ‘full conquest’ of besieged territory
(DBN)

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China:

China’s Export Machine Powers Ahead But Trade With US Slumps
(DBN)

Chinese People Are Known to Be Big Savers. Many Are Drowning in Debt.
(DBN)

China Turns to A.I. in Information Warfare
(DBN)

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India:

The Transformative Impact of India’s Insolvency and Bankruptcy Code: A Comprehensive Analysis
(DBN)

Invocation Of Personal Guarantees: When Does The Liability Of A Personal Guarantor Truly Arise?
(DBN)

Financial Creditor Can File Plea U/S 7 Of IBC If Actionable Rights Under Guarantee Are Preserved In Approved Resolution Plan: NCLT New Delhi
(DBN)

Electricity Can't Be Disconnected At Corporate Debtor's Plant When Assets Are Put On Auction To Maximize Value: NCLT Kolkata
(DBN)

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