December 2, 2025

The Daily Bankruptcy News

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Law:

Top 30 Biglaw Firm Shares The Wealth Through Bonuses
(DBN)

Biglaw Firm Caps Off Wild Year With Fat Special Bonuses
(DBN)

Law Firms’ Zeal for Realization Undermines Client Relationships
(DBN)

White Supremacist Law Student Reinstated To University of Florida
(DBN)

Students Showcase Skills in Bankruptcy+ Client Counseling Competition
(DBN)

Whose Name Should Come First When Biglaw Firms Merge? It’s Not Always The ‘Dominant Firm’
(DBN)

“Surge in Law Firm Mergers Marks Strategic Shift in 2025 Legal Landscape”
(DBN)

Like Lawyers In Pompeii: Is Legal Ignoring The Coming AI Infrastructure Crisis? (Part I)
(DBN)

This case is about a car crash, but the caption is the real wreck
(DBN)

Attorney tried to kill husband with fentanyl 3 different times in a month's span: DA
(DBN)

In Trump country, suburban grandmas push back against ICEThe Immigration Detention Flood White House doubles down on mass deportation pledge in wake of National Guard shootingAgents arrest military spouses at green card interviews in San DiegoChurch Nativity Scene Features Zip-Tied Baby Jesus, Roman Soldiers as ICE Agents
(DBN)

FBI ‘is rudderless ship’ with director Kash Patel ‘in over his head’, damning report by agents claimsKash Patel humiliated as explosive 115-page dossier reveals what FBI agents really thinkPatel and Dan Bongino more concerned with building ‘personal résumés’
(DBN)

Court Upholds Disqualification of Trump’s Top New Jersey Prosecutor Alina Habba'A red flag': Bondi's legal gymnastics to keep Habba in power just failed all over again
(DBN)

Dapperly dressed Luigi Mangione arrives to court as crazed fans line up outside in twisted show of supportLuigi Mangione cuts relaxed figure as he smiles without handcuffs in New York courtSmiling Luigi Mangione Scopes Out Fans in Wild Courtroom SceneLuigi Mangione fights to exclude evidence from his trial in the killing of UnitedHealthcare’s CEO
(DBN)

US Justice Dept weighs seeking new indictments of Trump foes Comey and James, sources say
(DBN)

Trump Grants Clemency To Private Equity Executive Who Defrauded Thousands
(DBN)

Trump’s pardon comments omit why former Honduran president Juan Orlando Hernández was prosecuted
(DBN)

A California family was about to cut the cake when gunfire erupted at a toddler’s birthday party
(DBN)

Cop driving 97 mph in a 50 mph zone without lights and siren killed Vietnam vet: Suit
(DBN)

Diddy Seen Screaming at Lawyer in New 50 Cent-Produced Doc
(DBN)

Man threatened to dismember roommate and ‘feed him to the cat’: Police
(DBN)

'The audacity of you': Woman who traveled to Florida to stab romantic rival learns fate
(DBN)

Man was watching the house fire he set with 4 people inside 'and laughing': Police
(DBN)

Grandpa beat young kids after warning them to touch the TV remote 'one more time': Cops
(DBN)

Man calls police on Thanksgiving to threaten mass shooting at tourist destination: Cops
(DBN)

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Judges:

Retired judges warn that the rule of law is unraveling
(DBN)

This honest Reagan judge resigned under Trump — his explanation will floor you
(DBN)

Why Are Conservatives Trying To Dig Up William O. Douglas’s Bones In 2025?!?
(DBN)

11th Circuit Bounces Trump’s RICO Trollsuit
(DBN)

Justice Sonia Sotomayor Warns of ‘Two Extremes’ in Supreme Court Case
(DBN)

Judge in Erika Jayne Lawyer Case Calls Out ‘Sensational’ AccusationsFlorida Court Dismisses ‘Shotgun Pleading’ Against Erika Jayne’s Attorney, Highlighting Legal Document Standards
(DBN)

Chemerinsky: SCOTUS considers limits on president’s power to fire federal officials
(DBN)

US Judges Remain Silent Following Halligan's US Attorney Disqualification|
(DBN)

Judges’ AI Blunders Spark Debate on Technology Use in Courts
(DBN)

'Abruptly' fired immigration judge sues Bondi over Trump's claimed 'right to discriminate'
(DBN)

The long and short of Supreme Court oral arguments
(DBN)

The Irish court
(DBN)

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Wall Street:

Stock futures are little changed after major U.S. indexes snap five-day win streaks
(DBN)

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Layoffs:

Yankee Candle Owner To Layoff Hundreds
(DBN)

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Consumer Finance:

‘Buy Now, Pay Later’ Firms Pressed by States for Loan Details
(DBN)

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Assisted Living:

Troubled nursing chain Genesis sells itself in controversial bankruptcy deal Bankrupt Genesis Health picks insider bid for its nursing homes Bankrupt Genesis Healthcare Selects ReGen as Winner for Assets
(DBN)

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Politics:

Lawmakers Suggest Follow-Up Boat Strike Could Be a War CrimeWhite House confirms Hegseth authorized second strike on drug boatHegseth jokes about boat strikes as Congress ramps up scrutinyCongress raises alarm bells over Hegseth ‘kill them’ orderEx-Defense chief Panetta says he doesn’t ‘think there’s any question’ second strike was war crimePete Hegseth, not Mark Kelly, should be facing justiceKelly likens Hegseth to ’12-year-old playing army,’ says he should’ve been fired after Signal leaks
(DBN)

No wonder Trump is outraged by warnings about illegal orders
(DBN)

Leavitt Loses It at Trump’s Shrinking Schedule Being Exposed
(DBN)

The Bubble-Wrapped President
(DBN)

GOP Strategist Issues Dire Midterm Warning to Trump
(DBN)

An independent effort says AI is the secret to topple 2-party power in Congress
(DBN)

Newsom 2028: Hollywood Donors Start Lining Up Behind Expected White House Bid; “He’s A Fighter, That’s What We Need!”
(DBN)

Who is JaQuon Stembridge? Georgia GOP leader resigns over allegedly trying to meet underage boy on dating app
(DBN)

Record-setting personnel issues are marring Trump’s second termMaybe That Whole ‘Vetting’ Thing Is Actually A Pretty Big Deal
(DBN)

Top Mace adviser leaves her campaign, citing loyalty to Trump
(DBN)

“A teenager redrew the Alabama voting map – and it’s now state law”
(DBN)

Indiana House releases draft congressional map that could net Republicans 2 seats
(DBN)

Longtime House Republican eyes Texas seat due to California redistricting: report
(DBN)

Republican dissenters spark discharge petition clash with Johnson
(DBN)

MAGA declares war on the Catholic Church
(DBN)

FEMA Reinstates Workers Who Signed Letter Criticizing TrumpFEMA Puts Whistleblowers Back on Leave After Reinstatements
(DBN)

‘Antisemite of the Year’ finalists include Tucker Carlson and Ms. Rachel, but not Nick Fuentes
(DBN)

Chaos Reins as Texas Awaits Supreme Court’s Ruling on Redistricting
(DBN)

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Credit Repair:

New bill would force credit-repair firms to prove results before getting paid
(DBN)

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Maritime:

Vietnam’s State Shipbuilding Company on Brink of Bankruptcy
(DBN)

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Economy:

Here’s why everyone’s talking about a ‘K-shaped’ economy
(DBN)

As regime change looms at the Fed, one candidate emerges as frontrunner for chair
(DBN)

ISM® Manufacturing index Decreased to 48.2% in November
(DBN)

Blue-Collar Jobs Are Collapsing Under Trump
(DBN)

U.S. Credit Card Delinquency Rates by State (2025)
(DBN)

Even Republicans Aren’t Buying Trump’s Plan to Bring Down Soaring Costs
(DBN)

Trump Vowed to ‘End Inflation’ — His Voters Are Growing Impatient
(DBN)

White House bullish on economic growth as Thanksgiving spending rises
(DBN)

A Surprise When Your Package Arrives: You Have to Pay the Tariff Costco Joins Companies Suing for Refunds If Trump’s Tariffs Fall New trade deal pushes UK to increase drug spending to avoid Trump tariffsU.S. announces zero tariff pharmaceutical deal with BritainTesla CEO Elon Musk bats for H-1B visas, says tariffs distort marketsKawasaki Signals Motorcycle Price Hikes on US TariffsCyber Monday US Spending Growth Trails Europe Amid TariffsWorld economy shows surprising resilience to tariffs, OECD says
(DBN)

Inside Gen Z's obsession with renting everything
(DBN)

American Consumers Lose Patience With High Car Prices
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing market is 'set to face a price correction worse than 2008'
(DBN)

Inflation Adjusted House Prices 3.0% Below 2022 Peak
(DBN)

Housing December 1st Weekly Update: Inventory Only Down 4.3% Compared to Same Week in 2019
(DBN)

Distress call: Foreclosures threaten 13 South Florida dev sites
(DBN)

Fed Flags Potential Risks Tied To Office Space, Capital Planning
(DBN)

What is the first house rebuilt after the wildfires in Los Angeles? It’s complicated.
(DBN)

Property Taxes in America Hit Historic Milestone
(DBN)

A Historic Housing Disconnect Is Forcing Prices Down
(DBN)

Years of neglect catch up to Detroit’s Leland House as residents forced outLeland House residents face power shutoff, possible relocation
(DBN)

CMBS Delinquency Rate Down for November
(DBN)

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Municipalities:

Jeanne Ives Warns Chicago Is ‘Bankrupt’ Amid Debt Strain
(DBN)

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Oil/Gas:

Judge authorizes sale of Citgo parent to Elliott affiliate
(DBN)

Venezuela, Gold Reserve challenge sale order of Citgo parent before appeals court
(DBN)

Amber Energy plans to hold on to Citgo refineries after takeover
(DBN)

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Coal:

Wyoming Bets Big On Coal Exports To Asian Energy Markets
(DBN)

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Gambling:

NYC to Get 3
(DBN)

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Tech:

Carlyle Sells Debt of Roomba Maker as Bankruptcy Risks LoomiRobot debt acquired by contract manufacturer as bankruptcy looms
(DBN)

A Smartphone Before Age 12 Could Carry Health Risks, Study Says
(DBN)

Pew: Americans’ Social Media Use 2025
(DBN)

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Food/Beverage:

90 Days Before Filing: A Pre-Bankruptcy Planning Checklist for New York Restaurant Owners
(DBN)

K&W Cafeterias close all locations after 88 years in businessK&W Cafeteria closed after 88 years as chain announces ‘immediate’ shutdown
(DBN)

TGI Fridays closes restaurant doors  for good a year after filing for bankruptcy
(DBN)

Beloved whiskey maker files for bankruptcy after up to $50 million debt comes to light
(DBN)

Luca Mariano Distillery files for bankruptcy
(DBN)

The End of the Lunch Bowl Era
(DBN)

What Really Happened to Marsh Supermarkets? The Rise and Fall of a Midwest Icon
(DBN)

People Are Ordering Smaller Pizzas and Fewer Toppings. What Does That Tell Us?
(DBN)

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Crypto:

Tether Faces Fresh Insolvency Warnings Over ‘Volatile’ Reserve Assets
(DBN)

Crypto’s Retail Traders Hit Hard as Strategy ETFs Plunge 80%
(DBN)

Michael Saylor's Bitcoin Hype Machine Is Glitching Out
(DBN)

Bitcoin, ether fall sharply as crypto sell-off resumes Bitcoin is slumping again. Its biggest corporate owner admits it may have to sell if things get worse.
(DBN)

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Funeral Services:

An industry focused on death faces an existential crisis
(DBN)

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Trucking:

Nearly 44% of U.S. truck driving schools could close after a federal review found many may be out of compliance with government rules.
(DBN)

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Education:

The College Students Who Can’t Do Elementary Math
(DBN)

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Golf:

Nicklaus Co. Bankruptcy Kicks Off High-Stakes Fight for ControlDesigner of two Mass. golf courses files for bankruptcy protection
(DBN)

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Retailing:

Major home goods retailer merges with one-time competitor, plans to close over 40 stores soon
(DBN)

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Hotels:

Why Sonder and LuxUrban collapsedHow A $2?B Hospitality Company Collapsed Into Evictions And Bankruptcy
(DBN)

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Student Debt:

US Student Loan ABS Defaults Remain High in 3Q25; Loan Forgiveness ResumesU.S. Student Loan ABS Performance Monitor: 3Q25
(DBN)

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Consumer Protection:

CFPB Preparing Second Funding Battle With Supreme CourtUnion Says Administration’s Failure To Seek Funding For CFPB Would Violate Injunction
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Increase 10.6 Percent
(DBN)

Bankruptcy filings continue to increase, says federal court administration
(DBN)

Bankruptcy Cases Filed, Terminated, and Pending—During the 12-Month Periods Ending September 30, 2024 and 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the 12-Month Period Ending September 30, 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the One-Month Periods Ending July 31, August 31, and September 30, 2025, Based on Data Current as of September 30, 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the Three-Month Period Ending September 30, 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County—During the 12-Month Period Ending September 30, 2025
(DBN)

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Mass Torts:

Survivors describe abuse by priests during Diocese of Ogdensburg's bankruptcy proceedings
(DBN)

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Absolute Priority:

Harvey R. Miller Lecture Focuses on Absolute Priority in Bankruptcy Restructuring
(DBN)

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D&O:

Is DExit Creating an Emerging D&O Risk?
(DBN)

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Valuation:

Eleventh Circuit Court Upholds Exclusion of $80 Million Valuation in ATIF Inc. Bankruptcy Case, Highlighting Rigorous Judicial Scrutiny
(DBN)

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Aviation:

A major US airline has stopped its services in and out of one of the country’s busiest airports.
(DBN)

Plane skids off icy runway as snow snarls post-Thanksgiving travel
(DBN)

TSA will charge you a $45 fee if you travel without REAL ID
(DBN)

Azul Airlines Pursues $30 Million Engine Financing from AerCap
(DBN)

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Weight Loss:

Ozempic is changing how we spend money and time, plus what we eat
(DBN)

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Autos:

After 17 years of suffering, victims of the GM bailout deserve justice
(DBN)

Drivers stop short of buying new cars as prices reach a whopping $50K: ‘How can I afford this?’
(DBN)

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Fraud:

U.S. Judicial System Faces Scrutiny as Five New Lawsuits Allege Fraud and Kickbacks in Class Action SettlementsDavid Boies and a legal battle over class action settlement funds
(DBN)

FBI, FTC warn scammers are imitating major retailers, luxury brands
(DBN)

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Agribusiness:

Grain dealer bankruptcy prompts Iowa Indemnity Fund accessGrain buyer files for bankruptcy, leaving some Texas farmers without payment
(DBN)

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UK:

Did Birmingham City Council need to go bust? Finance chief and critic go head to head
(DBN)

No answers on how to tackle SEND finance ‘bomb’ which could push Dudley Council into bankruptcy
(DBN)

'One or two' Welsh councils close to going bust, says watchdog
(DBN)

Red Flag Alert sounds alarm about “real wake-up call” of rising insolvency risks in construction sector
(DBN)

The UK’s Pensions Regulator takes enforcement action against ITV
(DBN)

Chair of UK’s fiscal watchdog resigns after early published report threw Budget into chaos
(DBN)

King Charles humiliates Andrew Mountbatten-Windsor again by stripping final royal title: ‘His name shall be erased’
(DBN)

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Venezuela:

Trump to hold Venezuela Oval Office meeting, sources say
(DBN)

White House gives Maduro ultimatum as U.S. moves toward land operations
(DBN)

11 US warships and 15,000 troops now in Caribbean as Venezuela tensions escalate
(DBN)

Trump’s threats bring war with Venezuela closer as contradictions and legal fears mount
(DBN)

Trump to meet with national security team amid Venezuela tensions
(DBN)

Putin abandons Maduro and urges his citizens to leave VenezuelaVenezuela’s Maduro lost two allies in a week. What regional partners does he have left?
(DBN)

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MENA:

Outdoor Concerts? Uncovered Hair? Shimmying in Public? Is This Iran?
(DBN)

Trump Issues New Warning to Israel Over Its Actions in Syria
(DBN)

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Russia:

US Envoy Heads to Russia as Putin Says Key Ukraine City Fell
(DBN)

EU tells Trump: You can’t pardon Putin for war crimes in Ukraine
(DBN)

NATO mulling preemptive strikes against Russia to stop Vlad waging shadow war across Europe, says top admiral
(DBN)

As Trump’s Envoy Heads to Russia, Zelenskiy Turns to Europe
(DBN)

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China:

Why China’s real estate market is still searching for a bottom
(DBN)

China Vanke Jolts Bondholders Again With Plan for One-Year Delay
(DBN)

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India:

Kerala HC orders personal appearance of BYJU'S RP, GLAS representative and EY India Chief in alleged contempt case
(DBN)

Parliamentary panel moots advance ruling mechanism in IBC framework to tackle litigations
(DBN)

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Switzerland:

Swiss company bankruptcies rise significantly
(DBN)

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Hungary:

‘We won't kneel before the government to get our money back’ – Budapest mayor says
(DBN)

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New Zealand:

Insolvencies Rise In Q3 Despite Signs Of Economic Optimism
(DBN)

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Colombia:

Canacol Energy Seeks Colombian Judicial Recognition of Canadian Insolvency to Halt Asset Executions
(DBN)

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Australia:

No shake-up for Mosaic Brands’ liquidators
(DBN)

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