December 23, 2025

The Daily Bankruptcy News

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Due to the Christmas holidays, The Daily Bankruptcy News will not publish on Weds.-Fri, December 24-26, 2025
 

Law:

These boutique firms top bonuses given to associates by BigLaw firms
(DBN)

Biglaw Firm’s Black-Box Bonuses Seem To Be A Market Match
(DBN)

Guess Which Biglaw Firm Just Hitched Onto The Bonus Money Train?
(DBN)

Insuring against 'productive laziness': attorney use of artificial intelligence
(DBN)

How Big Law Is Viewing the Hogan Lovells-Cadwalader Plan
(DBN)

Merger Madness To Continue In 2026 So Some Biglaw Firms Can ‘Survive’
(DBN)

Retired prosecutor files lawsuit against New York City over Skadden Arps protest
(DBN)

Are Trial Lawyers an Endangered Species?
(DBN)

Yale Law promotes deputy dean, will be second woman in dean role
(DBN)

A practical tech checklist for senior lawyers
(DBN)

Lawyer sues IRS to recognize her dog as legal dependent
(DBN)

Chilling moment ICE agents stop woman outside Walmart and demand 'show us ID'DHS chief offers $3K ‘bonus’ to illegal migrants if they self-deport by Dec. 31Judge extends prohibition on Kilmar Abrego García’s re-detainment
(DBN)

Jeffrey Epstein’s brother hurls bombshell claim at DOJ: 'There's a facility in Virginia'Epstein victims torch Bondi over missing filesOne more reason to keep Ghislaine Maxwell in prisonBill Clinton demands all Epstein files be released by DOJ as victims claim thousands more pictures still being held from public19 Jeffrey Epstein accusers claim feds violated law over file dumpThe DoJ failed to comply with Epstein files law – can Congress do anything?DOJ releases shocking fake video of Jeffrey Epstein suicide as part of file dump
(DBN)

Lindsey Halligan Resolves To Embarrass Herself At SCOTUS In 2026
(DBN)

Brown University custodian says he saw shooting suspect casing building over several weeks, flagged security
(DBN)

Three armed inmates, including murderer, escape from Georgia jail
(DBN)

Holiday meals in jail? Prison food: the good, the bad and the glorified
(DBN)

Man 'senselessly killed' in hit-and-run after hospital put reckless driver on road: Suit
(DBN)

11-year-old girl shot by teen while he played with gun his dad left on mini fridge: Cops
(DBN)

3-year-old died on lawn chair inside hot garage after mom went to take a nap, cops say
(DBN)

Man mowed down dad of 2 who was investigating illegal dumping in neighborhood from U-Haul
(DBN)

Man stalked ex-girlfriend by showing up to her house, putting tracking device on car: Cops
(DBN)

Mayor acquitted of beating daughter says she's 'lost' and needs to be put 'back in check'
(DBN)

Lawsuit seeks to increase military rifles in DC for common use
(DBN)

New mom cop who threatened to kill infant son, herself will stay behind bars, judge rules
(DBN)

Bad Evidence Got Him Indicted for Murder. He Waited 7 Years to Walk Free.
(DBN)

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Judges:

Obama judge rejects DOJ’s demand to give ‘old f—‘ Biden threats suspect years in prison
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Wall Street:

Stock futures are little changed after S&P 500 notches three-day win streak
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Layoffs:

Agriculture Department Sheds a Fifth of Its Workers
(DBN)

172 Virginia workers lose jobs as agriculture giant closes $17M facility before Christmas
(DBN)

Layoffs Coming to US Jobs Market in 2026
(DBN)

AI was linked to 50,000 job cuts in 2025, report reveals
(DBN)

Debt-laden Telefonica to shed around 5,500 jobs in Spain
(DBN)

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Education:

Elite colleges admitting one student minority group at incredible rates, post affirmative action
(DBN)

Monkey Sounds, “White Power” and the N-Word: Racial Harassment Against Black Students Ignored Under Trump
(DBN)

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Ride Hailing:

The huge problem Waymo didn’t see coming
(DBN)

Uber Cleared Violent Felons to Drive. Passengers Accused Them of Rape.
(DBN)

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Entertainment:

Paramount guarantees Larry Ellison backing in amended WBD bidNot only did Larry Ellison personally guarantee $40.4 billion for his son’s pursuit of Warner Bros., Paramount upped the break fee to $5.8 billion
(DBN)

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Movie Theaters:

Will the Warner Deal Finally Spell the End of the Movie Theater?
(DBN)

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Consumer Protection:

California Leads Multistate Suit Over CFPB Funding Freeze
(DBN)

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Water:

The Colorado River is on the verge of crisis. No one has a solution.
(DBN)

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Assisted Living:

The perils of a bankrupt continuing care retirement community
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Tech:

‘It’s a cage match’: Beleaguered iRobot founder says the biggest reason why the Roomba-maker failed was because of growing Chinese competition'There were many years of issues that led up to the situation we're in' – iRobot CEO reveals the reasons behind recent bankruptcyiRobot's demise a warning to US gadget companies
(DBN)

AI is starting to have a bigger economic impact, BofA CEO says
(DBN)

I Asked ChatGPT to Solve an 800-Year-Old Italian Mystery. What Happened Surprised Me.
(DBN)

Chinese humanoid robots could be a ‘Trojan Horse’ inside West
(DBN)

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Logistics:

Freight recession claims another casualty as 47-year contractor shuts
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Religion:

Bishop’s bankruptcy opens new chapter in episcopal liability
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Agribusiness:

US farmers sound alarm over Trump's $12B package as 'thousands face bankruptcy in a year'
(DBN)

Farm bankruptcies surge 60% as Trump rolls out $12 billion rescue package
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Economy:

Chaos, cheap money, and a collapse in crypto send gold up 69% for the year, hitting a new record high
(DBN)

Krugman: A New K in America
(DBN)

Recession Risks Rise Without More Rate Cuts, Miran Says
(DBN)

MAGA’s Manly Manufacturing Misfire
(DBN)

The Three Forces Deranging the Economy in 2025
(DBN)

The Year the Job Market Hit a Wall
(DBN)

Tech Giants Warn Visa Holders: Avoid International Travel As U.S. Vetting Tightens
(DBN)

Who’s most likely to work from home? Here’s what the data shows.
(DBN)

Mapping the $117 Trillion Global Economy
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US Debt Clock
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World Debt Clock
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Real Estate:

Housing December 22nd Weekly Update: Inventory Down 2.3% Week-over-week
(DBN)

Fannie Mae Shares Face Mounting Pressure as Delinquencies Climb
(DBN)

Five Star Development Secures Court Order Confirming Clean Title and Full Buyer Protections for Villa Sales at The Ritz-Carlton, Paradise Valley
(DBN)

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Oil/Gas:

Gas prices fall to four-year lows as millions embark on holiday road trips
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Food/Beverage:

Bankruptcy watch: Beyond Meat faces new financial problems
(DBN)

Red Lobster Cuts Executives as High Rents Drag on Turnaround
(DBN)

DIY pizza pioneer collapses under debt – 2,750 jobs lost as 110 stores are wiped out
(DBN)

A deep look at Fat Brands' financial problems
(DBN)

Once-popular fast-food chain, Arthur Treacher's, closed over 800 restaurants
(DBN)

Ohio-based Ray Ray’s Hog Pit files for Chapter 11BBQ chain files Chapter 11 bankruptcy: What to know about Ray Ray’s Hog Pit closing multiple locations
(DBN)

'Unacceptable'—FDA investigates Walmart, Target, Kroger for selling recalled baby formula
(DBN)

MAHA Republicans Are Imposing New Food Labeling Mandates
(DBN)

Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a yearJim Beam Stops Production At Its Flagship Distillery For A Full Year, Underscoring Struggles In The Bourbon Market
(DBN)

$9B Kentucky bourbon collapse triggers largest bankruptcy wave since Prohibition
(DBN)

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Politics:

Trump approval rating rebounds as new poll shows him hitting three-month highChristmas Slump: Trump Approval Rating 35% Longtime Trump Pollster Reveals Ugly Forecast for Republicans Heading Into 2026Ezra Klein Has Grim Prognosis for ‘Trump Vibes’ Heading Into 2026
(DBN)

Once A Real Estate Developer …
(DBN)

‘60 Minutes’ Pulled a Segment. A Correspondent Calls It ‘Political.’CBS News Editor Bari Weiss Defends Decision to Pull ‘60 Minutes’ SegmentBari Weiss’ free speech letter comes back to bite herWe don't know why Bari Weiss pulled a '60 Minutes' story — here's why that matters ‘60 Minutes’ Report Yanked by Bari Weiss Leaks Online After It Was Accidentally Streamed on Canadian TV AppHere’s the 60 Minutes Segment Trump and CBS News Executives Don’t Want You to See CBS shelves '60 Minutes' story on Trump deportees at the last minute: 'People are threatening to quit,' staffers say60 Minutes Correspondent Slams Bari Weiss’s ‘Political Decision’ to Axe Her Trump Deportations Report in Stunning Internal MemoCritics Blast CBS’ Bari Weiss for Pulling ‘60 Minutes’ Report on Trump Deportations: ‘Government-Controlled TV’CBS and CNN are being sacrificed to Trump
(DBN)

More Than 50 U.S. Lawmakers Are Retiring Next Year. Why?
(DBN)

Hundreds of Big Post-Election Donors Have Benefited From Trump’s Return to Office
(DBN)

JD Vance Finally Loses It Over Attacks on His Wife: ‘Eat S---’
(DBN)

JD Vance is 'walking a tightrope' on raging Israel debate within MAGA
(DBN)

Top Heritage Officials Flee to Mike Pence’s Nonprofit as Think Tank Fractures‘Huge unforced blunder’: Resigning Heritage Foundation editor calls out org’s leaders
(DBN)

Could a group of women veteran ‘Hellcats’ help Democrats flip the House in 2026?
(DBN)

StubHub snubs Trump on Kennedy Center tickets'Gild the whole thing': Ex-GOP lawmaker urges Trump to cover Kennedy Center in gold
(DBN)

Trump critic George Conway launches run for Jerry Nadler’s seat as Democrat
(DBN)

Trump recalling 27 ambassadors from Africa, Asia, Eastern Europe and Central America
(DBN)

Rubio and Witkoff ‘locked in power struggle over Ukraine’
(DBN)

Podcaster in Holocaust Denial Hoodie Calls Pregnant Woman a ‘Fat F------ Jew’ at TPUSA’s AmericaFest
(DBN)

President Trump Announces Plans for New ‘Trump Class’ Warships
(DBN)

Inside the North Carolina GOP’s Decade-Long Push to Seize Power From the State’s Democratic Governors
(DBN)

Greenland PM rebukes Trump special envoy overture
(DBN)


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Crypto:

Top DOJ Official Shut Down Enforcement Against Crypto Companies While Holding More Than $150,000 in Crypto Investments
(DBN)

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Retailing:

US luxury retailer Saks weighs bankruptcy a year after raising billions for turnaroundSaks Global Is Considering Bankruptcy as a Last ResortSaks Fifth Avenue parent mulls Chapter 11 bankruptcy as it seeks emergency funds: reportSaks in the shadow of bankruptcy – In a difficult position despite raising billions
(DBN)

Artist & Craftsman Supply Chapter 11
(DBN)

Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report
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Consumer Finance:

Filing Alert: FlexShopper Chapter 11Amazon rival FlexShopper files Chapter 11 bankruptcy
(DBN)

CFPB Says Paycheck Advances No Longer Subject To Lending Law
(DBN)

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Fraud:

Trustee in Daryl Heller bankruptcy seeks liquidation as former ATM network owner's cash dries up
(DBN)

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Musical Instruments:

“We would like to clarify a few things”: Höfner, maker of Paul McCartney’s legendary Violin Bass, shares statement following bankruptcy filing
(DBN)

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  New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (28 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

J&J talc jury awards $1.56 billion to asbestos cancer victimBaltimore Jury Hits Johnson & Johnson With $1.5B Talc VerdictJ&J vows appeal after US jury hits it with record $1.5 billion talc cancer award
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Avoidance Actions:

Christmas Tree Shops: Unwrapping the Delaware Court’s Gift for Pleading the Preference Due Diligence Requirement
(DBN)

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Corporate Governance:

Musk Pay Pushes Corporate Law to Bend-or-Break Inflection Point
(DBN)

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Aviation:

Brazil's Azul launches share offering to raise $1.33 billion
(DBN)

‘He Was Poisoned.’ Toxic Fumes on Planes Blamed for Deaths of Pilots and Crew
(DBN)

‘Greedy’ American Airlines ripped after announcing fliers no longer earn miles, other perks with basic economy tickets: ‘No loyalty’
(DBN)

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Autos:

One Chart That Helps Explain Surging Auto Delinquencies
(DBN)

They survived a Cybertruck crash. An inferno led to a race against time.
(DBN)

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Healthcare:

State could lose out on tax revenue after hospital sales
(DBN)

Jackson Hospital blames Blue Cross Blue Shield of Alabama for its collapse — but the bankruptcy records tell a different story
(DBN)

How a Federal Vaccine Safety Database Became a Magnet for Misinformation
(DBN)

The Planned Parenthood Closed. A Christian Clinic Seized the Moment.
(DBN)

Inside the Free Clinic Caring for Those Who Can’t Afford the Only Hospital in Town
(DBN)

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Wind Energy:

Trump halts largest offshore wind project in the U.S., Dominion stock drops more than 4%
(DBN)

Trump escalates his war on windmills with dramatic move
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Sports:

ICC pledges to fund USA cricketers amid USAC dysfunctionICC to fund US cricketers amid major turmoil and suspension of USAC
(DBN)

Grand Slam track owes more than $31 million, new filings showGrand Slam Track Seeks Emergency Funding From Key Creditor Amid $31 Million Debt Crisis
(DBN)

Dozens of MLB, NBA RSNs could collapse without DAZN deal
(DBN)

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Cannabis:

Trump Order on Marijuana Rescheduling Doesn’t Cancel State Laws
(DBN)

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UK:

“Glimmer of hope” for businesses says R3 although insolvency levels remain “stubbornly high”
(DBN)

Dotcom tycoon to bankruptcy court: the fall and fall of Robert Bonnier
(DBN)

TGI Fridays jobs at risk as UK operator files for administration
(DBN)

‘It was go bankrupt or try something different’ – how one Scottish farmer is rewriting the rules of dairy farming
(DBN)


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EU:

The EU could be gone in four years
(DBN)

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Ireland:

Interim examiner appointed to rescue KC Capital Property Group
(DBN)

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France:

First the Louvre, Now the Presidential Palace: New Theft Rattles France
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Austria:

Benko’s Signa Collapse Traps Elite Lenders in Massive Losses
(DBN)

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Australia:

Up to 1,700 jobs axed days out from Christmas as security firm MA Services collapses
(DBN)

SCA pushes back on strata bankruptcy fears
(DBN)

Bondi Beach Attackers Threw Undetonated Bombs and Plotted for Months, Police Say
(DBN)

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Russia:

Why the boss of a Russian defense factory set fire to himself on Red Square
(DBN)

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Venezuela:

Russia evacuates diplomats' families from Venezuela as US seizes oil tankers
(DBN)

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Finland:

Finland Says To Raise Reservist Age To 65
(DBN)

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Germany:

Award-Winning German Distillery Files for Insolvency Amid Economic Pressures
(DBN)

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India:

Inc & Out: How voluntary liquidation has become the new game in town
(DBN)

Beyond one-size-fits-all: Asset-wise bids could reshape insolvency proceedings
(DBN)

India needs a National Insolvency Tribunal
(DBN)

Cumulative Redeemable Preference Shareholders Cannot Trigger Insolvency Proceedings: Supreme Court
(DBN)

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China:

China Vanke Falls After Bondholders Reject USD280 Million Note’s Extension, Approve Longer Grace Period
(DBN)

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South Africa:

Eskom rattles creditors with revised breakup plan
(DBN)

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