November 26, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Milbank announces bonuses; did it beat Cravath?Milbank Breaks Their Silence On Year-End BonusesMilbank Rolls Out $115,000 Associate Bonuses, Matching Rivals
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Top 50 Biglaw Firm Rings In The Holiday By Announcing Bonuses!
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Biglaw Firm Uses Simple Trick To Make Associates Happy For The Holidays
(DBN)

Law Professor Offers Pitch Perfect Response To Trump’s Latest Insult
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Notice of Appearance - Scott Greenberg
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Biglaw Firm Shortens Summer Associate Program In Effort To Make Life Less ‘Stressful’ For Law Students
(DBN)

Big Law’s Pushy Recruiting Pressures First-Semester Students
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Former Biglaw Partner Calls Out Useless Congress And The ‘Evil’ President
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2025 Gifts for Lawyers Guide (photo gallery)
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The Marketplace of Ideas Isn't Working
(DBN)

'Who the f— are you': 67-year-old man allegedly knocked unconscious by 'VIP' cruise passenger - A Florida lawyer is in a legal bind after allegedly attacking an older man on a cruise ship
(DBN)

Drug Arrests and Gun Seizures Fell as Homeland Security Pursued ImmigrationDamning Leaked Figures Show ICE Is Failing to Arrest the ‘Worst of the Worst’Some DACA recipients have been arrested as Trump reshapes immigration policies Record 65,000 immigrants detained as ICE ramps up daily raids across US cities
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FBI reportedly plans to interview Sen. Mark Kelly, other Democrats Trump accused of seditious behavior
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Departing DOJ Staffers Warn of ‘Irreversible Damage’ Trump Is Doing
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DOJ Tries To Block Musk Deposition In Lawsuit Over USAID Cuts
(DBN)

Can Trump Administration Indict James Comey Again? What To Know After Charges Thrown OutIs The Comey Case Barred By The Statute Of Limitations? It’s Complicated! (But Also Yes.) Explanation: The Comey and James Prosecutions, Dismissed Without Prejudice DOJ left with few good options after Comey, James dismissalsTrump's DOJ purge backfires as courts toss Comey, James casesComey, James Case Dismissals Don’t End Political Prosecutions
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Kristi Noem directed Venezuelans to be sent to El Salvador after federal judge ordered deportation planes turned around: DOJ
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Lindsey Halligan is now a 'private citizen' but several cases still have her name on them
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From Comey to ‘sandwich guy,’ federal grand juries get rare spotlight
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DOJ veteran sues Trump admin after being fired for video talking about 'Epstein files'
(DBN)

How Bad Is It To Spit At Law Enforcement? Very Bad, It Turns Out.
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Trump adds two Thanksgiving turkeys to his long list of second-term pardonsTrump Turns Holiday Turkey Pardon Into Mean Fat Shaming
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The Losing Isn’t Over for Trump’s Justice Department
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Lindsey Halligan Gets Sunk
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Turns Out Prosecuting People Purely Out of Rage Isn’t a Good Legal Strategy
(DBN)

Crime Rings Enlist Hackers to Hijack Trucks
(DBN)

Son dresses as dead mother in ‘Mrs Doubtfire’ ruse to claim her pension
(DBN)

Slender Man Stabber Makes Chilling Comment After Being Caught by Police
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Chatbots Are Becoming Really, Really Good Criminals
(DBN)

Man shot sleeping roommate in face, told police it was 'worth it,' court documents say
(DBN)

Parents boarded bus and attacked children they believed were bullying their son: Police
(DBN)

Adoptive mom sat on misbehaving 11-year-old daughter until she died: Police
(DBN)

Man with 0.23 BAC rammed into bicyclist from behind, then laughed as he did sobriety test
(DBN)

Woman refused to take her seizure medication for a week before fatal crash
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'Price to pay': Woman tried to hire hit man to kill her mom and stepdad, police say
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'I don't know how to react': Man guns down dad, then smirks at police station, cops say
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Judges:

As judges face more threats, only the Supreme Court gets new security funds
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Kristi Noem Among Those Named in Judge’s Criminal Inquiry: Full List
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New Jersey’s top court is first to reject evidence of shaken baby syndrome as unreliable
(DBN)

The Southern District of Texas is one of America's busiest federal courts. Here's why.
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Wall Street:

Stock futures rise after Dow notches third winning session
(DBN)

S&P 500, Nasdaq dip as Nvidia tumbles on competition worries
(DBN)

Market Volatility Underscores Epic Buildup of Global Risk
(DBN)

Fortress, Ares Face Total Loss on Platinum Equity Toilet Deal
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Layoffs:

Fear of AI-driven job displacement nearly doubles in a year: KPMG
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Telefónica Aims to Cut More Than 6,000 Jobs in Spain, Union Says
(DBN)

HP to cut about 6,000 jobs by 2028, ramps up AI efforts
(DBN)

Forklift maker announces 575 more layoffs
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Tech:

Krugman: Warning: The Fed Can’t Rescue AI
(DBN)

AI could replace 40% of American jobs
(DBN)

OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates
(DBN)

The AI cycle will crack first in Asia
(DBN)

US tech valuations stretched further as earnings contribute less
(DBN)

Alphabet on pace to hit $4 trillion market value as AI gains momentum
(DBN)

Google has pierced Nvidia’s aura of invulnerabilityNvidia says its GPUs are a ‘generation ahead’ of Google’s AI chips
(DBN)

OpenAI faces its toughest challenger yet
(DBN)

Trump orders wide-ranging "Genesis Mission" to boost AI research
(DBN)

Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegationsMichael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble
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The most likely AI apocalypse
(DBN)

X’s new location labels unmask users. Insiders say the idea was rejected for years.
(DBN)

Proposed AI fraud bill seeks to criminalize deepfakes of federal officials
(DBN)

Big-name AI founders could hit a wall
(DBN)

Overpromising Gen AI’s Abilities Creates a Pitfall for Companies
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Pageants:

Bangkok court issues an arrest warrant for Thai co-owner of Miss Universe pageant
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Agribusiness:

Nebraska’s $500M Grain Company Collapse Has Farmers and Suppliers Chasing Unpaid Bills
(DBN)

Farms Are Going Bankrupt, Let's Help Them Before It's Too Late
(DBN)

Trade Tensions with China Fuel Farmer Bankruptcies and Suicides
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Insurance:

Swiss Insurers Face Tougher Insolvency Rules
(DBN)

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Consumer Protection:

CFPB Workers Slam Russell Vought’s “Humility Pledge,” Call For His Resignation
(DBN)

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Pharma:

Trump admin negotiates 71% discount on Ozempic, Wegovy for Medicare patients
(DBN)

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Ride Hailing:

The self-driving taxi revolution is here
(DBN)

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Waste:

Waste broker Haulla files for bankruptcy amid ongoing Waste Connections fraud lawsuit
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Climate:

Outer Banks Homes Collapsing Is Just a Taste of What’s to Come
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Economy:

Private payroll losses accelerated in the past four weeks, ADP reports
(DBN)

Key economic sectors show weak job growth
(DBN)

Donald Trump’s affordability problem: in chartsHow the US affordability crisis became a political liability for Donald Trump
(DBN)

Thanksgiving 2025 Is Cheaper Than You ThinkAs Trump pardoned turkeys, Americans faced the highest holiday turkey prices in years
(DBN)

Nearly 1 in 4 American households living paycheck to paycheck
(DBN)

Trump Doesn’t Understand Inflation
(DBN)

Grim retail sales data fuels concerns about health of US economy
(DBN)

Trump Forges Ahead With Tariff Plans Even as Small Importers Plead for Relief
(DBN)

Core wholesale prices rose less than expected in September; retail sales gain
(DBN)

Consumer confidence hits lowest point since April as job worries growFalls by Most Since April on EconomyConsumer confidence drops sharply in new surveyConsumer confidence slumps across all major metrics: Conference Board
(DBN)

How Much Will Thanksgiving Dinner Cost? It Depends on Whom You Ask.
(DBN)

Bessent says there’s a ‘very good chance’ Trump names new Fed chair before Christmas
(DBN)

Hassett Emerges as Frontrunner in Trump Fed Chair Audition
(DBN)

Bessent Says Trump and Xi May Meet Four Times Next Year
(DBN)

Trump’s Beef Price Battle Meets America’s Insatiable Demand
(DBN)

The fracturing of the world economy
(DBN)

US to slap big surcharge on foreign visitors to national parks
(DBN)

$10 Billion and Counting: Administration Snaps Up Stakes in Private Firms
(DBN)

The Wolf-Krugman Exchange: Trump’s ‘vibecession’
(DBN)

John Kerry ‘shocked’ at how many US chief executives are scared of Donald Trump
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US Debt Clock
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World Debt Clock
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Real Estate:

NAR: Pending Home Sales Increased 1.9% in October; Down 0.4% YoY
(DBN)

Homebuyers make a last gasp effort before the holidays, but interest rates offer little incentive
(DBN)

Case-Shiller: National House Price Index Up 1.3% year-over-year in September
(DBN)

Old Republic Upheld in Asset Transfer of Bankrupt Florida Title Insurer Subsidiary
(DBN)

US pending home sales increase in October amid lower mortgage rates
(DBN)

Sellers are taking their homes off the market at the fastest pace in nearly a decadeUS Homesellers Pull Listings Off Market as Interest Fades
(DBN)

US Home Price Growth Slowed in September as Buyers Pulled Back
(DBN)

Rent-Stabilized Tenants in Brooklyn Rally for City Protection
(DBN)

Manhattan condo values fell over the past decade. Here’s why rents are still rising
(DBN)

FHFA Announces Baseline Conforming Loan Limit Will Increase to $832,750 in 2026
(DBN)

BK ND OK: Nguyen Win Properties Chapter 11
(DBN)

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Oil/Gas:

Elliott Affiliate’s $6 Billion Citgo-Shares Bid Wins Auction
(DBN)

Why New Fortress Energy Stock Plummeted 7.4% Today
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Municipalities:

Move aside Tokyo, the world has a new largest city
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Solar:

Renewable Energy Provider Files Chapter 11 BankruptcyPosiGen Files Chapter 11 in Southern District of TexasPosiGen files for bankruptcy after cuts to solar tax creditsPosiGen Files for Bankruptcy as Solar Tax Credits Roll Back
(DBN)

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Theme Parks:

Court document outlines proposed relocation spots for Miami Seaquarium animals
(DBN)

Three Gulf World dolphins sold to Theater of the Sea
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Politics:

Trump’s Low Approval Rating Is Hurting Republicans in Polls
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Voters frustrated with economic reality as holiday season hits: Poll
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Media Goes on Offense as President Steps Up His War on Journalism
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Marc Elias: Capitulating To Trump Isn’t Strategy — It’s Surrender
(DBN)

U.S. House ramps up security as lawmakers' fears rise
(DBN)

Johnson: Carlson interview with Fuentes was a ‘big mistake’
(DBN)

Half of Americans approve of Democrats’ message on ‘illegal orders’: PollNebraska Rep. Don Bacon breaks the party’s apparent silence on the crackdown on Democratic lawmakersGOP Senator Defends Mark Kelly, Calls Treason Accusations ‘Reckless’Trump ‘So Far Out of Line’ for Sedition Comment: Legal Analyst
(DBN)

Pew: Latino pessimism spikes under Trump's second term
(DBN)

Sen. Jim Justice, wife sued by U.S. for $5 million in unpaid taxes dating to 2009 as legal woes mount
(DBN)

How Trump changed what “terrorism” means
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Trump’s revenge campaign falls flatMurdoch Paper Roasts Trump’s Revenge Tour Turning Into a Total Bust
(DBN)

Christmas canceled for US troops surrounding Venezuela
(DBN)

Chuck Schumer Faces Pushback From a ‘Fight Club’ of Senate Democrats
(DBN)

It’s Not Just MTG: Other Republicans in Congress Are Reportedly Eyeing an ExitMcCarthy on Greene: She's the 'canary in the coal mine'The worst good-paying job in America
(DBN)

Mike Huckabee Is Peddling Sleep Supplements While Serving as Ambassador to Israel
(DBN)

Scouts ‘surprised and deeply saddened’ by Hegseth’s proposal to cut ties
(DBN)

Trump says he opposes lifting broadcast ownership cap, defying his FCC
(DBN)

Welcome to the Gerrymandering Apocalypse
(DBN)

Trump wants a bigger White House ballroom. His architect disagrees.
(DBN)

Krugman: DOGE Was a Harbinger of Trump’s Assault on Decency and Privacy
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Autos:

Water bottle spill in Hyundai EV blamed for shocking $12,000 repair bill. But auto giant, insurance refuse to cover cost.
(DBN)

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Education:

Hackers Strike Ivy League Schools Already Under Political Pressure
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Golf:

Golfer Nicklaus opposes his former company's "weaponized" bankruptcy
(DBN)

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Sports:

Trail Blazers buyer prevails, mostly, in legal battle over failed football league
(DBN)

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Crypto:

Bitcoin Depot Contests $18.5M Award as Subsidiary Faces Dual Legal Battles
(DBN)

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Skiing:

Wisconsin Ski Area Files for Bankruptcy but Still Plans To Open
(DBN)

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Finance:

Altice USA accuses creditors of forming ‘illegal cartel’ Apollo, other firms accused of of blocking debt refinancing in US antitrust lawsuitAltice USA Sues Apollo, Ares, BlackRock Over Cooperation Pact
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Debt Collection:

How Artificial Intelligence Is Changing The Debt Collection Industry
(DBN)

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Utilities:

Nearly 6 Million Households Have Severe Delinquent Utility Debt That Soon Will Be Sent To Collection Agencies
(DBN)

Experts sound the alarm as electricity prices surge across these US states: 'It's sort of like the new price of eggs'
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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

5 companies may reap the benefit after wave of 32 ‘mega bankruptcies’
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Mass Torts:

Archdiocese of New Orleans reaches deal with Bond Trustee in Bankruptcy deal Bondholders reach deal with Archdiocese of New Orleans in bankruptcy caseArchdiocese clears major settlement hurdle with bondholdersArchdiocese of New Orleans nears resolution in nearly six-year bankruptcy case
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Intercreditor:

Outnumbered, Not Outplayed: Minority Lenders Successfully Challenge Exclusive Backstop Agreement on Equal Treatment Grounds in ConvergeOne
(DBN)

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Bankruptcy Strategy:

Receiverships v. Bankruptcies = The Wild West v. The Rule Of Law
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Aviation:

America faces its worst Thanksgiving in 15 years as seven major airports grind to a halt
(DBN)

How Americans turned flying into a cesspool
(DBN)

MD-11 Grounding After UPS Crash May Linger on ‘Invasive’ Checks
(DBN)

Thanksgiving air travel plans cut by US government shutdown
(DBN)

United Airlines Flight Forced to Divert After Toxic Fumes Fill Cabin
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Retailing:

Shoppers curtail Black Friday spending: ‘They are using every tool that they can,’ expert says
(DBN)

Retail Sales Lost Steam in September as Shoppers Pulled Back
(DBN)

US Consumers Dial Back in Sign of Anxiety Heading Into Holidays
(DBN)

Retail Sales Cool As Consumers Battle Higher PricesU.S. Retail Sales Rose 0.2% in September, Below Expectations
(DBN)

Kohl’s, Abercrombie Surge as Retailers Buck Shopper Pullback
(DBN)

New owner of bankrupt retail giant buys partner, closing 40 stores
(DBN)

Furniture Retailer American Signature Files for Bankruptcy, Cites Tariffs
(DBN)

Major U.S. Malls Lose Dillard’s, Macy’s, and JCPenney in Quickest Bankruptcy Cycle
(DBN)

Inside Atlanta’s First Government-Funded Supermarket
(DBN)

Deepfakes flood retailers ahead of peak holiday shopping
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Food/Beverage:

Pour one out: Rogue Ales declares bankruptcy after closing all Oregon locations10 days after shutting down, Rogue’s parent company files for bankruptcy with nearly $17 million in liabilities
(DBN)

FAT Brands Faces Bankruptcy With $1.3B Debt Due Immediately
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Water:

Why a major capital city with 9,700,000 people may be forced to relocate
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Healthcare:

‘Fish or cut bait,’ federal bankruptcy judge tells prospective buyers for Roger Williams and Fatima
(DBN)

From Steward’s collapse to Medicaid cuts: Union leader says it’s a critical moment for Mass. caregivers
(DBN)

Unconscionable Ambulance Fees
(DBN)

Why the planned rollout of the White House’s health care ‘plan’ was an embarrassing flop
(DBN)

Controversial Louisiana surgeon general tapped for CDC leadership role
(DBN)

GLP-1s fail to slow progression of Alzheimer’s: Novo Nordisk
(DBN)

Nearly 1 in 10 Americans report a cancer diagnosis: Gallup
(DBN)

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Sovereigns:

Senegal's hidden debt crisis and attempts to resolve it
(DBN)

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UK:

EAT upholds tribunal decision on TUPE transfer date and insolvency exception
(DBN)

Ministers plan to scrap jury trials in England and Wales except for most serious cases
(DBN)

Petrofac restructuring update: Now Middle East–linked operation added to UK insolvency plan
(DBN)

BlackRock lawyer fined for abusive tirade on train
(DBN)

Councillor ordered to pay debts owed to council
(DBN)

Millions borrowing from family and friends to cover costs
(DBN)

Retail confidence slumps to 17-year low
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EU:

European countries at risk of going bankrupt under EU spending rules
(DBN)

In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'
(DBN)

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Russia:

White House Strikes Hopeful Tone on Ukraine Deal Ukraine reportedly agrees to U.S.-brokered peace proposalNo word from RussiaTrump says he’ll meet with Putin and Zelensky when peace deal is finalizedDonald Trump sends top envoy to Russia to finalize US peace plan for UkraineKremlin aide says 'preliminary agreement' in place for Witkoff Moscow visit next weekReport: US envoy coached Putin aide on how Russian leader should pitch Trump on Ukraine peace 6 Reasons Why Zelensky is Under Increasing Pressure to Agree to Peace Dealplan
(DBN)

Ukraine’s Eurobonds, Warrants Edge Higher as Zelensky Prepares for New Round of Peace Negotiations; Kyiv, EU Leaders Decline to Comment on Sweeping Concessions
(DBN)

The wrong sort of peace leads to the next war
(DBN)

Rep. Don Bacon weighed resignation over Trump's Ukraine plan
(DBN)

How Trump's 28-point plan for Ukraine shocked the world
(DBN)

Zelensky Says Russia 'Must Pay Fully' for War in Ukraine
(DBN)

Trump wants peace in Ukraine, no matter what a deal looks like
(DBN)

Russia Bombards Kyiv Hours After Trump Voices Hope for Ukraine Deal
(DBN)

NATO scrambles jets after deepest drone breach yet into Romania
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China:

China and Japan Are in a Showdown, With Trump in the Middle
(DBN)

Trump says he'll visit China in April
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France:

Police Detain Four More Over Brazen Louvre Jewels Heist
(DBN)

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MENA:

Kuwait: MOI activates immediate arrest of debtors under new Bankruptcy Law
(DBN)

UAE launches first bankruptcy court
(DBN)

Trump's meeting with MBS got tense over Israel
(DBN)

Mismanagement, not drought, pushes Iran toward water bankruptcy
(DBN)

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Venezuela:

Trump ready to talk with Maduro over Venezuela drug strikes
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Australia:

Auditor-general challenges TT-Line to prove solvency amid deepening financial dispute
(DBN)

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South Korea:

Sales bid for court-rehabilitated retailer Homeplus fails due to lack of bidders
(DBN)

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India:

Information from Insolvency Professionals is Exempt Under RTI Act
(DBN)

Sterling Biotech saga: A timeline of India’s major bank fraud case
(DBN)

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Brazil:

Brazil's former President Jair Bolsonaro begins 27-year prison sentence for coup attempt
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