March 28, 2025

The Daily Bankruptcy News

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Law:

Tom Girardi underling faces discipline charges over $53-million payout kept secret from clients
(DBN)

Big Law Banker Sees ‘Mood Shift’ as Market Rebound Hopes Delayed
(DBN)

At a Time When Lawyers Feared Defending Government Enemies, One Law Firm Stood Up Standing Up to Trump Is Good for Big Law's Business. No, Really Navigating the Intersection of Big Law, Government Influence, and Client Advocacy: Lessons from the Paul Weiss Approach
(DBN)

US Justice Department considers merging DEA, ATF in major wave of cuts, memo shows
(DBN)

Nikola founder Trevor Milton says granted full pardon by Trump
(DBN)

Raskin pushes Trump administration for answers on Alien Enemies Act deportations Why the Trump administration wants to try immigration cases in Louisiana Noem sends warning to immigrants as she tours El Salvador prison Trump administration directs spy satellite agencies to surveil U.S.-Mexico border How Trump’s Deportation Strategy Hurts U.S. Citizens Turkish student at Tufts University is latest Palestinian supporter swept up in US crackdown Russian scientist from Harvard detained, faces deportation due to anti-war stance Who are the students Trump wants to deport? ICE detains University of Alabama doctoral student HHS sued for cutting program that provides legal aid for migrant children Rubio Defends Revoking Visas for Causing Unrest Rubio says at least 300 foreign students’ visas have been revoked ICE’s viral arrest of a Tufts University student, briefly explained Sen. Mike Lee calls for Prince Harry's deportation
(DBN)

The Potential Legal Fallout of the Signal Group Chat Leak
(DBN)

It’s Now a Hate Crime to Vandalize Teslas in DC Arrest made in ‘targeted attack’ at Tesla center in Las Vegas Another Trump supporter busted for attacking Tesla protesters
(DBN)

Luigi Mangione may get a laptop in jail to work on his defense in CEO murder case
(DBN)

Trump assembles task force to crack down on D.C. crime
(DBN)

Shocking Video Shows Milwaukee Man Poisoned Coworker’s Coke
(DBN)

3 USPS workers charged in kidnapping of coworker that included attempted rape
(DBN)

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Judges:

Sorrento Shareholders Lose Discovery Bid Over Judge Relationship
(DBN)

Trump on deportation flight judge getting Signal chat case: ‘Disgraceful’
(DBN)

About That Rule of Law …
(DBN)

Trump is on a losing streak in the courts. How will he respond?
(DBN)

Push to End National Injunctions Prompts Concern Over Rights
(DBN)

Judge: Trump Probably Broke Law in Firing IGs
(DBN)

Judge orders government to preserve Signal messages about Houthi military strike
(DBN)

Judge says Justice Department attacked her character to ‘impugn the integrity’ of US judicial system
(DBN)

Appeals court blocks Trump’s extraordinary claim of power to deport immigrants with ‘zero process’
(DBN)

Voice of America employees file motion to block Trump administration-led job cuts
(DBN)

NY court rejects Texas judgment against doctor in abortion pill case
(DBN)

Judge Hears Associated Press Suit Over White House Denial Of Access
(DBN)

Chevron Is Dead. The Supreme Court May Revive Non-Delegation Next
(DBN)

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Wall Street:

 

Trump pick to lead markets watchdog willing to work with DOGE on 'efficiencies'
(DBN)

Stocks aren't the economy. But they shape how consumers feel about the future - now more than ever.
(DBN)

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Layoffs:

RFK Jr. expected to cut roughly 10K HHS jobs RFK Jr.'s job cuts explained: Which federal health agencies will be affected, what they do and how it could impact you
(DBN)

Trump administration to shrink federal health agencies by 20,000 employees
(DBN)

DOGE team defends federal layoffs: ‘Almost no one has gotten fired’
(DBN)

Trump administration moves to end union rights for many federal workers
(DBN)

The job market is ‘frozen.’ That’s not a good sign for DOGE casualties
(DBN)

Valley Medical Center lays off 101
(DBN)

Plug Power planning nearly 300 layoffs
(DBN)

Internal White House document details layoff plans across U.S. agencies
(DBN)

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Education:

States Get Antsy as Education Department Layoffs Delay Millions for Schools
(DBN)

Trump's "pro-Hamas" purge could block foreign students from colleges
(DBN)

10 Most Overpriced Elite US Universities Based on Cost and Starting Salary
(DBN)

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Food/Beverage:

Bar Louie files for bankruptcy for a second time
(DBN)

Hooters’ founder plans rescue amid bankruptcy fears Hooters axes one of its most famous traditions in drastic attempt to avoid bankruptcy Hooters founders reportedly plan to take control of the struggling chain
(DBN)

Popular Mexican chain to close 76 locations in 24 states as casual dining massacre continues
(DBN)

Pappas Dining Empire Makes Bankruptcy Bid for On The Border
(DBN)

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Retailing:

Macy's is starting to close 'underproductive' stores: See list of stores set to shut doors
(DBN)

Which States Have the Most and Least Expensive Walmart Groceries?
(DBN)

Italian Luxury Supplier Plans Creditor Talks As Demand Slows
(DBN)

JoAnn customers left confused over ‘hiring’ ad as bankrupt retailer shutters 800 stores and adds ‘card’ restriction
(DBN)

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Tech:

Firms And Researchers At Odds Over Superhuman AI
(DBN)

CoreWeave triggered defaults after breaching terms on Blackstone loan
(DBN)

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Climate:

Trump administration sets up portal for polluters to request exemptions to clean air rules
(DBN)

Arctic Sea Ice Hits Lowest Peak In Satellite Record: US Agency
(DBN)

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Banking:

Senate Overturns Rule Limiting Bank Overdraft Fees to $5
(DBN)

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Entertainment:

Hollywood Has Not Recovered Jobs Lost During Strikes, Report Says
(DBN)

Technicolor Bankruptcy: Rodeo FX Acquires Mikros Animation
(DBN)

How the producer of 'The Matrix', 'Joker', 'Sherlock Holmes' went bankrupt
(DBN)

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Healthcare:

Emergency court hearing held on struggles to keep Crozer’s Delaware County hospitals open Crozer Health Gets Second Lifeline as Long-Term Negotiations Continue
(DBN)

Insight halts medical services Emergency department closes at Insight Hospital & Medical Center Trumbull
(DBN)

Appeals court upholds health care district’s bankruptcy dismissal
(DBN)

Bankruptcy judge: MercyOne should produce records related to Mercy Iowa City downfall
(DBN)

Trump admin cancels over $12B in health care grants
(DBN)

Senators Seek to Modify Tax Plan to Require Fewer Medicaid Cuts
(DBN)

RFK Jr Said Cod Liver Oil Could Treat Measles. Now, Kids Are Turning Yellow.
(DBN)

Kansas reports measles outbreak with 23 cases
(DBN)

Their physical therapy coverage ran out before they could walk again
(DBN)

Bipartisan bill seeks to reform prior authorization
(DBN)

Fully in power, GOP targets Planned Parenthood
(DBN)

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Agribusiness:

Iowa farmers caught in Benson Hill bankruptcy can get help through grain indemnity fund
(DBN)

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Economy:

US weekly jobless claims edge lower US applications for unemployment benefits hold steady, remain in recent healthy range Weekly Initial Unemployment Claims Decrease to 224,000
(DBN)

Americans Are Dipping Into Their Retirement Funds
(DBN)

Americans’ outlook on economy becomes a bit more pessimistic: Poll
(DBN)

Fed's Collins supports holding interest rates steady for 'longer time'
(DBN)

Businesses are 'on pause' or 'paralyzed' until Washington's 'fog' lifts, Fed's Barkin says
(DBN)

U.S. Faces ‘Significant Risks’ From Debt as Trump Pursues Tax Agenda, Analysts Say US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
(DBN)

US corporate profits surge in fourth quarter; tariff turbulence looms
(DBN)

Gold hits record high as US tariffs spark trade tensions
(DBN)

IMF assessing Trump tariff plans but does not see US recession
(DBN)

Tariffs show Trump is willing to cause higher prices, stock market slump Brazil president on Trump tariffs: ‘Protectionism does not help any country in the world’ 'Economic lunacy day': Financial Times columnist buries Trump's newest trade salvo Trump’s tariffs push will hit the U.S. harder than Europe in the short term, Santander chair says US trading partners warn of retaliation to Trump’s 25% car tariffs Germany Says Europe Must Respond to Trump’s Auto Tariffs EU on Trump car tariffs: We’ll punch back but let’s talk too Germany and France Say Europe Must Respond to Trump’s Auto Tariffs Carney Says Nothing Off Table as Canada Plans Tariff Retaliation Trump's 25% car tariff ignites international criticism "Chaos and uncertainty": Canadian leaders blast U.S. auto tariffs What Mexico Stands to Lose as Trump’s Tariffs Heat Up Europe lashes out over Trump auto tariffs and the economic threat to both continents China’s economy tsar invites EU trade chief to jointly resist tariff threats China hopes Europe will make 'rational choice' as transatlantic alliance shifts Washington told EU to brace for more tariffs before any talks, envoys say Mexico working for preferential treatment in face of US auto tariffs Italy is concerned but not 'terrified' by potential Trump wine tariffs, minister says Walmart To Invest Billions In Mexico Despite US Tariff Threat The global leaders rising in the polls as they battle Donald Trump These Are the U.S. Cities Most Vulnerable to Canadian Tariffs, a New Report Finds Trump’s Tariff Threats Are Freezing Chinese Investment in Mexico
(DBN)

US goods trade deficit narrows in February
(DBN)

Stephen Roach says trade war puts US on course for ‘cultural revolution’
(DBN)

Q4 GDP Growth Revised up to 2.4% Annual Rate
(DBN)

US Population Set to Shrink by 2033 Without Immigration, CBO Says
(DBN)

US Egg Prices Hit Five-Month Low
(DBN)

US suspends financial contributions to WTO, trade sources say
(DBN)

CEOs deliver tough talk as workers face a softening labor market
(DBN)

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
(DBN)

More higher-skilled immigrants means stronger economic growth, study finds
(DBN)

Hundreds of advocacy groups call on Thune to reject House Republicans’ budget blueprint
(DBN)

What Elon Musk and DOGE should slash next, according to Trump's former top economic adviser
(DBN)

Consumers binged during the holidays, but not because they maxed out on credit or spent all their savings
(DBN)

Social Security Administration Backtracks On Part Of Trump's 'Identity Proofing' Policy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Average US rate on a 30-year mortgage falls slightly to 6.65% after rising for 2 weeks
(DBN)

Fair Lending Deception by the CFPB
(DBN)

Inflation Adjusted House Prices 0.8% Below 2022 Peak; Price-to-rent index is 7.4% below 2022 peak
(DBN)

NAR: Pending Home Sales Increase 2.0% in February; Down 3.6% YoY
(DBN)

Realtor.com Reports Active Inventory Up 29.2% YoY
(DBN)

This 4-Bedroom Ranch in N.J. Tells You Everything About the Lopsided Housing Market
(DBN)

Texas Homeowners Are Rushing To Sell in One City
(DBN)

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Municipalities:

The Most Affordable City for Single People in Every State
(DBN)

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Oil/Gas:

New creditors' battle emerges in Citgo auction reboot
(DBN)

'Nothing short of a myth': US oil execs blast Trump's 'drill, baby, drill' mantra Oil executives bluntly criticize Trump tariffs and 'drill, baby, drill' in anonymous survey
(DBN)

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Politics:

Castro: Trump, team ‘trying to convince us that the sky is green’ on Signal leak Pro-Trump media figures criticize White House’s handling of Signalgate Concerns about Hegseth’s judgment come roaring back after group chat scandal Trump’s Team Signal Chat Exposed US Spycraft to Adversaries GOP lawmakers turn up the pressure on Hegseth ‘A lot of people’s BS meters are going to go off’: GOP deals with Signalgate A DHS staffer faces serious punishment for accidentally adding a reporter to a group email Even Republicans say Trump's Signalgate scandal is serious: poll Signalgate scrambles MAGA's messaging machine How Trump's team could've planned the Houthi strikes without Signal US senators confirm call for formal probe of war plan Signal chat The White House’s Security Fails Just Keep Piling Up Bondi Suggests Signal Chat Episode Is Unlikely to Be Criminally Investigated
(DBN)

Michael Waltz’s Venmo Is Public, and It’s Full of Journalists
(DBN)

Want good relations with Trump? Bring a gift
(DBN)

Trump's shadowy, big-money fan clubs
(DBN)

Documents reveal scope of Trump’s foreign aid cuts
(DBN)

69 Programs Expected to Be Eliminated
(DBN)

Map Shows Donald Trump's Approval Rating in Each State 2 Months Into Term
(DBN)

Outraged Dem voters "stick it" to MAGA's new soft spots
(DBN)

Crockett digs in amid backlash over Abbott insult
(DBN)

HHS to cut thousands of workers in sweeping reorganization
(DBN)

FDA staff struggle to meet product review deadlines after DOGE layoffs RFK Jr. plans to cut 3,500 jobs at the FDA, as staff is reportedly already struggling with workload
(DBN)

Elon Musk, in first DOGE team interview: "This is a revolution"
(DBN)

A populist uprising stirs among Democrats furious at their leaders
(DBN)

‘The floodgates have really opened’: Democrats raise millions in special House elections in Florida
(DBN)

Wary Senate Republicans have demands for John Thune
(DBN)

It's not just setting Teslas on fire. Now irate Americans are shoplifting from Whole Foods.
(DBN)

Trump says US will 'go as far as we have to' to get control of Greenland Denmark condemns what it calls Trump's escalated rhetoric on Greenland Putin Says US Plan To Take Over Greenland 'Serious' Danish TV reporter: Americans knocked on doors in Greenland’s capital; couldn’t find hosts Greenland Forms Government Amid Intensified Trump Rhetoric Vances' planned trip to Greenland is stoking Arctic anti-Americanism Russia’s Putin says it would be a ‘profound mistake’ to dismiss Trump’s push for Greenland
(DBN)

Elise Stefanik's nomination to be U.N. ambassador withdrawn Trump Pulls Stefanik’s UN Nomination to Protect GOP Majority Fallout coming for House GOP over Trump's rug pull on Stefanik
(DBN)

Trump order targets ‘divisive narratives’ in Smithsonian museums Trump targets Smithsonian funding for programs with "improper ideology"
(DBN)

“Too Stupid for Words”: Trump pulls back 20 semi trucks of food from Cleveland’s food bank
(DBN)

The big government spending Maga voters cannot live without
(DBN)

These are the impacts some scientists fear most from EPA deregulation
(DBN)

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Sports:

Knicks Broadcaster Gets Week’s Reprieve to Fix Unpaid Debt
(DBN)

MSG Networks Gets 1-Week Extension from Lenders as Company Faces Possible Bankruptcy or Foreclosure MSG Networks faces risk of bankruptcy or foreclosure after missing debt payment
(DBN)

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Maritime:

If China-built freight ship fines hit, ‘we’re out of business in U.S.,’ ocean carrier says
(DBN)

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Celebs:

Bankrupt Alex Jones is Getting Divorced Again Wife of Infowars founder Alex Jones files emergency restraining order as divorce battle is revealed
(DBN)

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Crypto:

Terraform Labs to open claims portal for creditors to address crypto losses
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (41 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Sales:

What Happens After A Bankruptcy Sale When The Party In Possession Refuses to Leave? (In re Galleria)
(DBN)

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Exit Finance:

The Backstop Party
(DBN)

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Financial Literacy:

I Took The Bankruptcy Course. It Was Insult To Injury.
(DBN)

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Corporate Governance:

Musk-Linked Corporate Law Overhaul Criticized by Delaware Judge
(DBN)

The Delaware ‘Billionaire’s Bill’ That Just Passed Is Bad News for Everyone Who Isn’t a Billionaire
(DBN)

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Personal Genomics:

What does 23andMe bankruptcy mean for genetic data privacy? How safe is your DNA in a bankruptcy? What Happened Before 23andMe Lost 99.8% of Its Value? Bankrupt 23andMe’s DNA data gets nod for sale as concerns linger Lifeline For 23andMe? Stock Jumps After Court Greenlights Bankruptcy Asset Sale, Retail Weighs Possible Rescue Deals 23andMe collapse raises questions for California’s nation-leading privacy laws 23andMe wants to sell its most valuable asset. Will your private DNA data be safe? Who has access to your data? Hoosier lawmakers are fighting to ensure privacy Thinking About Deleting Your 23andMe Data? Here’s Why It Matters 23andMe customers delete their data, overburdening IT Pennsylvania lawmakers announce bill to protect genetic data
(DBN)

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Aviation:

US senators blast FAA for failing to act earlier on helicopters near airplanes After Crash, F.A.A. Change Requires All Aircraft at Reagan to Broadcast Positions
(DBN)

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Autos:

Tesla owners are offloading their cars in droves Why Tesla is the big winner in Trump’s auto tariffs Trump's auto tariffs will have a 'significant' impact on Tesla, Elon Musk Tesla’s $14 Billion Rally Eclipses a Rout in Other Auto Stocks
(DBN)

These brands will be hit hardest by Trump's new auto tariffs
(DBN)

How 25% Tariffs on All Imported Cars Will Affect Every Model
(DBN)

We are about to see the U.S. consumer step away, says Wells Fargo’s Chris Harvey on auto tariffs
(DBN)

Cars Under $30,000 Risk Becoming a Casualty of Trump’s Tariffs
(DBN)

Should you buy a car now to avoid tariffs? That strategy has one big potential roadblock.
(DBN)

39 imported cars and trucks that are likely to see price hikes
(DBN)

The American-Made Cars Likely to Face Trump's Tariffs
(DBN)

People could barely afford their cars even before Trump's auto tariffs. It's about to get worse.
(DBN)

Ferrari Plans to Raise US Prices Up to 10% After Tariffs Hit
(DBN)

Trump’s Tariffs Will Raise Car Prices, But It’s Too Soon to Know When
(DBN)

Car Tariffs to See Vehicle Prices Rise by Thousands: 'Punch to the Gut'
(DBN)

Planned US auto tariffs shake global industry as price hikes, job losses loom
(DBN)

GM, Ford stocks reel after Trump announces 25% auto tariffs on foreign-made vehicles, certain parts
(DBN)

Car prices will surge by thousands of dollars because of Trump’s tariffs. It’ll happen before you expect it
(DBN)

Automakers aren’t rushing to move production to US factories to avoid tariffs
(DBN)

Trump’s 25% Tariff Hands the Car Industry Keys to China
(DBN)

Here are the market's biggest losers from Trump's fresh auto tariffs
(DBN)

Auto Supplier Facing Trump Tariffs Sweetens Junk Bond Offer
(DBN)

Trump auto tariffs take aim at a pillar of Asian economies - and national pride
(DBN)

Here's what Elon Musk, the UAW and industry figures are saying about Trump's auto tariffs
(DBN)

Rolls-Royce owner Donald Trump just took a hammer to the U.K.’s $8 billion luxury car market
(DBN)

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Radio:

KDHX Sells St. Louis License to K-LOVE Network Operator
(DBN)

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Non-Profits:

Businessman accused of taking $100M from special needs trust funds violates judge’s court order Leo Govoni locked out of his Pinellas County businesses as court seeks to recover $120 million
(DBN)

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Hotels:

Hotels: Occupancy Rate Increased 1.0% Year-over-year
(DBN)

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Sovereigns:

Argentina targets $20 billion IMF deal as markets wobble
(DBN)

Why governments are ‘addicted’ to debt
(DBN)

____________

UK:

HMRC Supports a UK Restructuring Plan with its Change in Approach – Good News for Future RPs?
(DBN)

British Steel plans closure of plant after failing to agree package with UK government
(DBN)

Sky Says 2,000 UK Jobs At Risk In Call Centre Shake-up
(DBN)

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EU:

Ukraine Talks Have Mobilised Europe On A Scale 'Not Seen For Decades': UK PM
(DBN)

A 25% tariff on Europe is only fair
(DBN)

____________

Canada:

$270 million invested in Northvolt’s parent company is lost, Quebec confirms
(DBN)

Canada changes rules for residents traveling to United States
(DBN)

Carney: End of an Era for US Canada Relations
(DBN)

One in five Americans want their state to join Canada amid escalating trade war: poll
(DBN)

____________

MENA:

Israel intercepts two missiles launched by Yemen's Houthis
(DBN)

UN Agency Says Has 'Two Weeks' Left Of Food Supplies In Gaza
(DBN)

In Controversial Shake-Up, Israeli Lawmakers Give Themselves More Power to Choose Judges
(DBN)

Tulsi Gabbard just threw Iran a nuclear lifeline
(DBN)

Iran responds to Trump's nuclear talks proposal as U.S. sends bombers to region
(DBN)

____________

Russia:

Bessent opens door to Russian return to major international banking system
(DBN)

Trump’s plan to force Ukraine to restore Putin’s gas empire
(DBN)

McConnell Slams Trump Peace Talks with Putin
(DBN)

Putin suggests temporary administration for Ukraine, Russian news agencies report
(DBN)

Estonia's Tsahkna Says Putin Playing With Trump, Feels Reassured by Rubio
(DBN)

UK's Starmer says Russia 'filibustering' progress on Ukraine deal
(DBN)

US Seeks to Control Ukraine Investment, Squeezing Out Europe
(DBN)

Zelensky Calls For US 'Reaction' To Ongoing Russian Strikes
(DBN)

Putin Wants To 'Divide' Europe And America: Zelensky
(DBN)

Macron Says European Countries To Deploy To Ukraine After Peace Deal
(DBN)

Zelensky Says 'Many Questions' And 'Few Answers' On European Troops
(DBN)

Europe says no to Trump push to lift sanctions on Russia, upending Black Sea ceasefire
(DBN)

____________

Venezuela:

Trump is targeting Venezuela's oil exports, and China is caught in the middle
(DBN)

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